COMPANY REGISTFiATION NUMBER: 04456338 CHARITY REGISTRATION NUMBER: 1143920 Design Midlands Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 'ACGt#)ALK* 1N1112023 CCWMIES HOUSE 111 A15
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ANTHON MARLOW Chartered Cerbfied Accountants 6 Clinton Avenue Nottingham NG5 1AW
Design Midlands Limited Company Limited by Guarantee Flnanclal Statements Year ended 31 March 2023 Page Trustees. annual report (incorporabng the dire¢to¢s report) Independent examiners report to the trustees Statement of financial acb'vities (induding income and expenditure account) Statement of financial position Notes to the financial statements
Design Midlands Limitsd Company Limited by Guafantee Trustees. Annual Report (Incorporatlng the Di¢t0¢S Report) Year ended 31 March 2023 The trustees. who are also the directors for Ihe purposes of company law, present their report and the unaudited financial statements of the charty for the year ended 31 March 2023. Reference and admlnlstralive details Registered charity name DeSn Midugnds Limited Charfty reglstratlon number 1143920 Company registration number 04456338 Prlnclpal Offi and registered office Soulh Annex PERA Business Park Noltingham Road Mellon Mowbray Leicestershire LE13 OPB The trustees Mr D Latham Mr G Hunt Mr J Fairfax Mr G Howe115 Ms L Richards Mr P Walson Ms A Reeve Mr S Sloney Miss S M Bradley (Resigned 1 May 2023) (Appointed 14 June 20221 (Appointed 74 June 2022) (Appointed l May 2023) Company sKretary Mr JA Walker Independent examinef Anthon Marlow 6 Clinton Avenue Nottingham NG5 1AW Structure. governance and management De9n mIdndS Limited is a company limrted by guarantee wth Gharitable status gt)verned by rts memorandum and arbdes of association.
Design Midlands Limited Company Limlted by Guarantee Trustees, Annual Report (Incorporating the Directofs Reportl {¢ontln¢ Year ended 31 March 2023 Objectives and activlties The objectives of Design=Midlands ID.'M) are.. "to enable h¥Jh standards of desvJn and archttecture in the built and living environffÉnt' "delNer education and training to all invotréed in such creative aCtivitS.. 'support other charitable projecls and inilialives for QUnty benefrt in the Midlands. As a charity, we are independent and impartial. advising on the htrJhest quality of design and place making, promoting best practice, aiming to deliver the art of the possible. Over the past fourteen years. the chanty has built up a good track record and profile, developing strong partnerships and netrworks across all sectors. A Prospectus for 2022123 is available on our intemet site at w*M.designmidLands.org. Strategic report The following four seclions fomi the straiegic overview of the charity 1. D'.M facilitates the MKllands Design Review Panel - a unique group of experts in the built and natural environment. It manages the recruitrnent and appointffEnt of independent plamakIng specialist5 that bring supwt and guidan to the delivery of development schemes within Ihe planning system. 2. Building for a Healthy Lrfe (BHL) DeSn Midlands is the registered assessor for BHL in the MKllands. 3. Design Cojing Design Midlands can engage with cornmunitie5 to offer expert advice on the National Model 08sn Cod&. 4. Shaping Streets Design Midlands has a range of Panel experts who assist in the promotion of actNe travel and how that translates into the streets and spac£s we want lo Ir in. KEY ASSOCIATES.. Julie Tanner- Associate= CEO., Angus Walker- Associate.. Company Secretsry Dhamiista Patel - Associate". Design Support Seryices; Jo Widdecombe- Associate: Planning and Learning
Design Mldlands Limited Company Limited by Guarantee Trustoes. Annual Report (Incorporating the Directofs Reportl (wrttnwd) Year ended 31 March 2023 Achlevements and perforniance Performance The total lumover of the charity for the year has Mained slable £170k despite challenging economic conditions. The financial strategy ntInued to be the diversification income sources. Funds were received from indivKlual local and public authorities for specific neighbourhood and communty projects. The PTivate sector supp)rt has replaced government grants through increased contributions to design reviews. There has been a continued focus of resources on organisalional change and marketing. Tolal expenditure IncSe from £162k lo £176k resulting in net outgoings of £6k. All financial and operational risks are wewed by the board. Flnancial revlew Reserves The free seie$ position al the year-end reduced by the £6k from £42k lo £36k. This remains above the minimum levd set by trustees enabling continued investment in new prcxlucts and servffts. Plans for fulure perlods Fulure strategic priorit$ -. .1. Develop opportunities and expertise in each of the four stfdtegic areas. .2. Promote the profile of the charity throughout the English Midlands. "3. Use links with similar charities in other regions, through the Design Nelwork. to *av¢)cate changes to national planning policies. The trustees, annual report and the strategrc reF were approved on 19 September 2023 and spjned on behaif of the tN)ar(l of trustees by.. Mr G Hunl Trustee
Design Midlands Limited Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Deslgn Midlands Limited Year ended 31 March 2023 I report to the ITUStees on my examination of the financial statements of Design MKllands Limited Ilhe Char) for the year ended 31 March 2023. ResponsSbllities and basis of report The trustees are also the directors of the company for the purposes of company law are responsible for the preparation of the finanoal statements. The trustees consider that an audrt is not required for this year under section 144(2) of the Charities A 2011 {the 2011 Act) and that an independent examination is needed. l am qualified to undertake Ihe examination by being a qualified memÈer of the AsSoCli0n of Chartered Certified AcUntants. Independent examinerfs statement I have completed my examination. I confim that no matters have come to ry allenlion in connection with the examination giving me cause to believe: accounting records were not kept in respect of the chanty as required by section 386 of the 2006 Act" or the ffinancial slatemenls do not a(rd with those recx)rds: or the financial statements do not compty with the accounting fequirements of section 396 of the 2006 Act other than any requirement that the accounts gNe a 'lrue and fail view which is nol a matter Condered as part of an independent examination., or the financial stalements have not been prepared in accordan¢x wrth the methods and principles of the Statement of Recommended Praclice for acwunling and reporting by chanlies applicab to charities preparing their accounts in accordance with the Financial Reporling Standard applicable in the UK and Republic of Ireland (FRS 1021. I have no concerns and have come a(SS no other matters in connection wrth Ihe examinalion lo which attentic)n should be drawn in this report in order lo enable a proper understanding of the accounts to be ached. Anthon Marlow Independenl Ex iner 6 Clinton Aven Nottingham NG5 1AW 20 September 2023
Design Midlands Limited Company Limited by Guarantse ststement of Financial Activities (Sncludlng Income and expenditure account) Year ended 31 March 2023 2023 Unrestricted funds Total funds Total funds 2022 Income and endowTnents Donations and legacies Total income 170,311 170,311 170,311 170,311 169,823 169,823 Expenditure Expenditure on charttable activities Total expendlture 6.7 (176,64n (176,6471 (162,136) (176,64n (176,6471 (162,136) Net {expenditurelllncome and net movement in funds (6.336) (6.3361 7.687 Reconciliation of fun(ts Total funds brought fward Totsl furmls ¢arried forward 42.672 36,336 42,672 36,336 34.985 42,672 The statement of financial activities indudes all gains and losses recognised in the year. All income and expendilure derive from continuing activities. Th• not•s on pages 7 to 12 forni part ofthe¥e fina11 statsrnents.
Design Midlands Limited Company Limited by Guarantee Statement of Flnancial Position 31 March 2023 2023 2022 Cuffent assets Debtors Cash at bank and in hand 11 37,218 26,396 63,614 50,823 26,825 77,648 Creditors: amounts lalllng du• ¥&fthln on• Net current assets 12 27,278 34,976 42,672 42,672 42.672 36.336 36,336 36.336 Total assets less Current Ilabllitles Net assets Funds of the charlty Unrestricted funds 36,336 36,336 42,672 42.672 Total ¢haTity funds 13 For the year ending 31 March 2023 the chanty was ertlilled to exemption from audtt under se¢tion 477 of the Companies Act 2(MJ6 relating to small companies. Dire¢tors' responsibilities- The members have not required the company lo obtaift an audr( of its fanCIal statements for the year in question in accordance with section 476" The direclors acknoWdge their responsibilrties for complying with Ihe requirements of the Act with respect to accounting records and the preparation of financial statements. These financial ststements have been prepared in accordance with the provisions appluble lo ojmpanies subjec* lo the small Compan$. regime. These finaneial statements We approved by Ihe board of trustees and authorised for issue on 19 September 2023, and are signed on behalf of the board by: Mr G Hunt Trustee The not0$ on pages 7 to 12 fonn rtOf th95¢ finan¢lal 8tatemenis.
Design Midlands Limitsd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General Infonnation The charity is a public benefit entty and a private company limited by guarantee. registered in England and Wales and a registered charity in England and Wales. The address ol the registered office is South Annex. PERA Business Park, Nottingham Road. Melton Mowbray, Leicestershire. LE13 OPB. Statement of ¢ompllance These financial statements have been prepared in Complia with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanual Rep)rting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. 3. Accounling policies Basb of preparatlon The financial statements have been prepared ¢)n Ihe historical Cost basis, as modifted by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial ststemenls are prepaTed in sterling, whK* is Ihe functional currency of the entty. Golng concern There are no material urttrtainlies atout the chartty's ability to continue. Dlsclosure exemptions (a) No cash flow statement ha5 been psenIed for the company. Judgements and key sources of esllmation un¢ertalnty The preparation of the financial stalements requires management to make judgements. estimales and assumplions thal affect the arTh)unts reported. These estimates and judgements are conlinualty reviewed and are based on experience and other faclots. including expectslions of fulufe events that are believed to be reasonable under the Circumstan$.
Design Midlands Limited Company Limited by Guarantee Notes to the Financial Statements {CQnlkn4r8¢ Year ended 31 March 2023 3. Accounting pollcies {eonthu• Fund accountlng Unrestricted funds are availatAe for use at the discretion of the truslees to further any of the charity's purFoses. Designated funds are unrestlted furKls earmatknd by the trustees for partular future project or commitinent. Restricted funds a subjected to reslrictions on their expendilure declared by the donor or through the temis of an appeal. and fall into one of sub-classes.. restricted income funds or endowment lunds. Incoming resoue$ All incoming resources are induded in the statement of financial adivities when entitlement has passed to the charrty., it is probabte that the econom benefrts associated wrth Ihe transaction will flow to the charity and the amount can be reliably measured. The following speu'fic polioes are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entillement to the gift. receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated gcods is measured at the fair value of the goods unless Ihis is impractical lo measure liab. in which case the value is derived from the cost to the donor or the estimated resak value. Donated facilities and services are recognised in the accounts when receNed rf Ihe value can be reliabty measured. No amounts are included for the contributn of general volunteers. income from contracts for the suppty of seryices Is recojnised with the delNery of the contracted service. This is dassified as unreslncted funds unless there is contraclual requirement for it lo be spent on a particular purpose and relumed rf unspent. in which case il may be regarded as restricted.
Design Midlands Limitsd Company Limited by Guarantee Notes to the Financial Ststements (¢othu•dJ Year ended 31 March 2023 3. Accounling poli¢Ses Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fvlty recoveTed, and is dasSrfd under headings of the statemenl of financial activities to which it relales". expenditure on raising fijnds indudes the costs of all fundraisin9 activit. events. non¥charitable trading adNities, and the sale of donated gocmjs. expenditu charitable activit5 indudes all costs incurred by a charity in undertaking actNities that further rts charitabie aims foT the benefit of its beneficiaries, including Ihose support cosls and costs relating to the governan of the charity apportioned to charitable activities. other expenditure wicludes all expendrture that neither related to raising funds for the charity nor part of its experKliture on charilable activities. All costs are allocated to expenditure categories refiecting the use of the reSoue. Direct costs attributable lo a single activity are allocated diredly lo that activity. Shared costs are apportioned betsveen Ihe activrties they contribute to on a reasonable, justifiable and nsIStenI basis. Flnanclal Instruments A financial asset or a financial liabilty is recognised only when the charity becomes a party to the contractual proVionS of the instruffEnL Basic financial inslrumenls a initialty recognised at the amount receivable or payable including any related transaction costs. Current assets and curn1 liabilities are subsequently measured at Ihe Gqsh or other consideration expected to be paid or received and not discA)unted. Debt inslrurrents are subsequentty measured al amortised cost. Where inveslments in shares are publicly traded or their fair value can otheTwise be measured reliably. the investment is subsequentty nEasured at fair value with changes in fair value recognised in income and eXpendrtu. All other such investments are subsequenlty measured at cost less Impaient. Other financial instrumertrls, including derivalyves. ale inrtially recognised at fair value, unless paytrnt for an asset is deferred beyond r¢ormal business leS or financed at rate of interest thal is not a markel rate, in which case the asset is measured at Ihe present value of the future payments discounted al a market rate of interest for a similar debt instrument. Other financial instfuments are subsequentty measured at fair value. with aTry changes recognised in the statement of financial actNits"es. with Ihe exception of hedging instrumenls in a designated hedging relalionship.
Design Midlands Limited Company Limited by Guarantee Notes to the Financlal Statements (¢00 Year ended 31 March 2023 Accountlng policies (¢M1I71rt Financial Instruments froftts¥u•d) Financial assels thal are measured at cosl or arTh)rtised cost a reviewed for objective eviden of rmpairment at the end ot each reporting dale. If there is objectr've evidence of impaimient, an impairmenl loss is recognised under the appropriate heading in the statement of financial activilies in which the initial gain was recognised. For all equty instruments regardless of signffjKance. and other financial assets that are individualty signifThnt, these are assessed indrvidualty for impairment. Other financial assets are either assessed individualty or grouped on the basis of similar credrt risk chara¢teristi¢s. Any revevsals of impairment are recognised immediatety. to the extent that the reversal does not resull in a carrying amount of the financral asset that exceeds what the Carying amount would have been had the impairment not previously been rec¢gnised. Limited by guarantee The company is a limf(ed by guarantee wrlh membets being required lo contribule an amount not exceeding £1 in the event of the company being wound up. Donations and legacles Unreslricted Totsl Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations Development contributions 166.052 166,052 167.223 167.223 Grants Granls re1Vable 4,259 4,259 1.iJ)O 1.000 Other donations and legacies Training evenl$ 1.600 169.823 1,600 169,823 170,311 170.311 Expenditure on charitable activities by fund type unrerICted fotal Funds Unrestricted Total Funds Funds 2023 Funds 2022 Design reviews Project wsts Associale costs Support costs 54.896 113,559 6.954 1,238 176,647 54.896 113.559 6,954 1.238 176,647 53.112 99,161 3.936 5,927 53,112 99,161 3.936 5,927 162.136 162.136 10-
Design Midlands Limited Company Limited by Guarantee Notes to the Financial Ststements {COhllnuedJ Year endod 31 March 2023 7. Expendlture on charitable activlties by actlvity type Aclivf(ies undertaken direct Support Totsl funds Total fund costs 2023 2022 Design reviews Project costs Associate costs Govemance costs 54.896 113.559 6.954 54,896 113.559 6,954 1,238 176.647 53,112 99.161 3,936 5,927 162.136 1.238 1.238 175.409 Independent examlnation fees 2023 2022 Fees payab to the independent examiner for: Independent eXaMinatn of the financial statements 980 975 9. Slaff Costs The average head count of employees during the year was nil {2022- nil). The average number of full-time equivalent employees during the year is anatysed as follows.. 2023 2022 No. Number of staff Management No salaries or wages have been paid during the year. No employee rlved employee benefts of more than £60.000 during the year (2022: Nil). 10. Trustee remuneralion and expenses No remuneration or other beneffts from ery)loyment with the charity or a related entty were received by the truslees. 11. Debtors 2023 2022 other debtors 37.218 50,823 Other debtors indudes amounts due from tjesign review contribulions. 11
Design Midlands Limited Company Limited by Guarantee Notes to th8 Financial Statements {¢OrfriueOJ Year ended 31 March 2023 12. Creditor5: amounts falllng due within one year 2023 2022 Trade creditors Accruals and deferred income Other creditors 11,58S 5.180 10,513 27.278 24.692 1,130 9,154 34,976 13. Analysis of charltable funds Unrestrlcted funds At 1 April 2022 Income Expenditure At 31 March 2023 General funds 42.672 170.311 {176.647) 36,336 Al 1 April 2021 Income Expenditure At 31 March 2022 General funds 34.985 169,823 (162.136) 42.672 14. Analysis of net assets between funds UnrestrLled Total Funds Funds 2023 Current assets Creditors less than 1 year Net assets 63,614 (27,278) 36.336 63,614 127,2781 36.336 Unrestricted Total Funds Funds 2022 Current assets Creditors less than 1 year Net assets 77,648 77.648 {34,9761 (34,9761 42.672 42,672 12-