COMPANY REGISTRATION NUMBER: 04456338 CHARITY REGISTRATION NUMBER: 1143920 Design Midlands Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 ANTHON MARLOW Chartered Certified Accountants 6 Clinton Avenue Nottingham NG5 1AW ADHDZ455 0611212024 COMPANIES HOUSE A23
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Design Midlands Limited Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure accounl) Statement of financial position Notes to the financial statements
Design Midlands Limited Company Limitsd by Guarantee Trustses, Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, pSent their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and adminlstrative details Registered charlty name Design Midlands Limited Charity registratlon number 1143920 Company rogistration number 04456338 Prlncipal office and registered offico South Annex PERA Business Park Nottingham Road Melton Mowbray Leicestershire LE13 OPB The tru8tees Mr D Latham Mr G Hunt Mr J Fairfax Mr G Howells Ms L Richards Mr P Watson Ms A Reeve Mr S Stoney Miss S M Bradley Mr A Lathbury (Resigned 6 March 2024) (Resigned 1 May 2023) (Appointed 1 May 2023) (Appointed 21 May 2024) Company secretary Mr JA Walker Independent examiner Anthon Marlow 6 Clinton Avenue Nottingham NG5 1AW Structure, govemanee and management Design Midlands Limited is a company limited by guarantee with charitable status governed by its memorandum and articles of association.
Design Midlands Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dlrectorfs Reportl {¢onrfnu Year ended 31 March 2024 Objectlves and actlvltles The objectives of Design.'Midlands (D.'M) are.. 'to enable high Standards of design and architecture in the built and living environment,. 'deliver educakn'on and training to all involved in such creative activities., 'SUpp( other charitable projects and initiatives for community benefit in the Midlands. As a charity, we are independent and impartial, advising on the highest quality of design and place making, promoting best practice, aiming to deliver the art of the possible. Over the past fifteen years, the charity has built up a good track record and profile. developing strong partnerships and networks across all sectors. Our 2024 Prospectus is available on our internet site at www.designmidlands.org.
Design Midlands Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directof s Report) {¢ontlnue(lJ Year ended 31 March 2024 Strategic report The following five sections form the strategic overview of the charity: 1. 0'.M facilitates the Midlands Design Review Panel a unique group of experts in the built and natural environment. It manages the recruitment and appointment of independent placemaking specialists that bring support and guidance to the delivery of development schemes within the planning system. 2. Building for a Healthy Life (BHL)., Design Midlands is the registered assessor for 8HL in the Midlands. The BHL framework is both a negotiation tool and a functional measure of how a housing scheme performs to 12 considerations relating to neighbourhoods, character and dislinctiveness, green and blue infrastructure, and streets. 3. Design Coding., Design Midlands can engage with communities to offer expert advice on the National Model Design Code. 4. At the point that the Local Planning Authority wishes to engage with site promoters on its emerging key sites allocations, an independent D., M Design Review Panel reviews the site's capacity to deliver housin9 and other associated infrastructure. 5. Shaping Streets,. Design Midlands has a range of Panel experts who assist in the promotion of active travel and how that translates into the streets and spaces we want to live in. Key Associates.. Julie Tanner- Associate.. Chief Executive., Angus Walker- Associate.. Company Secretary,. Dharmista Patel - Associate: Design Support Services., Meredith Evans - Associate.. Design Support Services: Jo Widdecombe - Associate: Planning and Learning
Design Midlands Limited Company Llmited by Guarantee .Trustoos' Annual Report (InGorporating the Dlrectorfs Report) (¢onllnii•dJ Year ended 31 March 2024 Achlov•monts and perforniance a. Perfornn . The total tumover of the Chority for the year has 5i9nificantly In6Sed from £'170k to £221k. . despite challenging, economic . conditions.. The fiiiancial stiulegy contlnued. to bé ' the .diversification , income sources. funds were received fiom individual local and public authorities for specific ncighbourhood, and community projects.. The private Se0¢ support .has replaced govemment grants through increased conlribulions lo design revlews. There has been a continued focus of resources on organisational change and markeling. Total expenditure increased from £176k to £217.k tesulting in net incoming funds of £4k. All financial and operational risks are reviewed by the board. Flnanclal revlew a. Reserves The free reseNe8 Position at the year&end increased by the £4k from £36k to £40k This r8main4* above the minimum level set by ti'ustees enabling continued investment, In new products and services. Plans for future perfods 1. Develop opportunltles and expertlse In each of the 5 strateglc areas 2. Promote the profile of tho charity throughout the Engllsh Mldlands 3. Use links with similar charities in other regions, Ihrough the Design Network, to advocate Changes to national planning policies. 4. To respond, at local and regional levels, to changing govemmental housing strategies The trustees, annual port and Ihe strateglc report were approved on 13 November 2024 and signed on behalf of the board of tru$tees by: Mr P Watson Trustee
Design Midlands Limited Company Limited by Guarantee Independent Examinerfs Report to the Trustses of Design Midlands Limited Year ended 31 March 2024 I report to the trustees on my examination of the financial statements of Design Midlands Limited {'the charity.) for the year ended 31 March 2024. Responsibilitles 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 financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. l am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants. Independent examiner's statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records vRre not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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 financial statements have not been prepared in accordance with the methods and principles of the Slatement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understan ing of e accounts to be reached. FC Anth Ind n Marl endent mine 6 Clinton Avenue Nottingham NG5 1AW 14 November 2024
Design Midlands Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure a¢Gount) Year ended 31 March 2024 2024 Unrestricted funds Toial funds Total funds 2023 Note Income and endowments Donations and legacies Total income 220,906 220,906 220,906 220,906 170,311 170,311 Expendlturè Expenditure on charitable activities Total exp•ndlture 6.7 (217,072) (217,0721 (176,647) (217,072) 1217.072) {176,647) Net Incomel(expenditure) and net movement In funds 3,834 3,834 (6,336) Reconciliation of funds Total funds brought forward Total funds carried forward 36,336 40,170 36,336 40,170 42,672 36,336 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Tho notes on pages 8 to 13 fomi part of these flnancial statements.
Désign Mldland$ Llrhited Company Limlted by Guarantee Statement of Financlal Position 31 March 2024 2024 2023 Nots Current assets Debtors Cash al bank and in hand 11 61.996 27,234 89,230 37,218 26,396 63,614 Credltors: amounts falllng due 1th1n on• yoaf Net current assets 12 49,060 27,278 36,336 36,336 . 36,336 40,170 40,170 40,170 Totsi assets les3 current Ilabllltles Net aets Funds of the charlty Unrestrided fund8 rotal charity funds 40,170 40.170 36.336 36.336 13 ror the'year ending 31 March 20?4 the Gharity was entitled lo exemption from audit under ' 5eGtion 477 of thé Companlos Act 2006 relating to emall cornpanles. , Dlrectors, responsibililies.. The mcmbcrs have not requlred the company to oblain an audit of. its.finan¢i81 statements for the year in question in accordance with section 476: The directors acknowledge their responsibilitlos for complying with Ihe requiremenls of the Act with retJpect io accounting,records and the pffjparation of finanGial stalements. These financial statements have been prepared In accordance with 1he.provislons applicable . to companie•¥ Ubject to the small companies,. regime. These financial.stalements were.approved by the board of twstees and aulhorised for Issue on 13 Novembef 2024, and are signed on behalf of the board by.. Mr P Watson Trustee 'Yh• notes on page$ 8 to IJ fomi part of thes• Ilnanclal •latemonts.
Design Midlands Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a public benefit entity and a private company limited by guaranlee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is South Annex, PERA Business Park, Nottingham Road, Melton Mowbray, Leicestershire, LE13 OPB. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practice applicable to charities prepafing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP (FRS 102)) and the Companies Act 20(kS. Accountlng pollc5es Basls of preparatlon The financial statements have been prepared on the historical cosl basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertainties about the charity's ability to continue. DisGIo8ur• exemptions (a) No cash flow statement has been presented for the company. Judgements and key sources of e8tlmation uncertalnty The preparation of the financial statements requires management to make judgements, estimales and assumptions that affect the amounts reported. These estimates and judgements are continua15y reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Design Midlands Limited Company Limited by Guarantee Notes to the Financial Statements {coniinu•d) Year ended 31 March 2024 Accounting policies (conllnu•d) Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. Incoming resourcos All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when Ihere is eviden of entitlement to the gift. receipt is probable ar)d its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Design Midlands Limited Company Llmlted by Guarantse Notes to the Financial Statements (¢ontlnu¢O Year ended 31 March 2024 Accounting policies (continued) Resources expend Expenditure is recognised on an accruals basis as a liability. is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All cosls are allocated to experidilure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned been the activities they contribute to on a reasonable, justifiable and consistent basis. Flnancial Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instrumenis are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the Gash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business tems or financed at rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt Instrument. Other financial instruments are subsequently measured at fair value, wth any changes recognised in the statement of financial activities. with the exception of hedging instruments in a designated hedging relationship. 10-
Design Midlands Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (contlnued) Financlal instruments (continued) Financial assets that are measured at cost or amortised cost a reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial aGtivities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assels that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairrnent are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. L5mited by guarantee The company is a limited by guarantee with members being required to contribute an amount not exceeding £1 in the event of the company being wound up. Donatlons and legacles Unrestricted fotsi Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donatlons Development contributions 220,906 220,906 166,052 166,052 Grants Grants receivable 4,259 170,311 4,259 170,311 220,906 220,906 Expendlture on charltable actlvltleg by fund type Unrestricted fotal Funds Unrestricted Total Funds Funds 2024 Funds 2023 Design reviews Associate costs Office costs Support costs 71,162 136,835 6,290 2,785 71,162 136,835 6,290 2,785 217,072 54,896 113,559 6,954 1,238 54,896 113,559 6,954 1,238 217,072 176,647 176,647 11
Design Midlands Limited Company Limited by Guarantee Notes to the Financial Ststements (contlnued) Year ended 31 March 2024 Expenditure on charitable activities by activity type Activities undertaken directly Support Total funds Total fund costs 2024 2023 Design reviews Associate costs Office costs Governance costs 71,162 138,835 6,290 71,162 136,835 6,290 2,785 217,072 54,896 113,559 6,954 1,238 176,647 2,785 2,785 214,287 Independent exarnlnatlon fe 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,040 980 9. Staff costs 'The average head count of employees during the year was nil {2023'. nil). The average number of full-time equivalent employees during the year is analysed as follows.. 2024 No. 2023 Number of staff Management No salaries or wages have been paKI during the year. No employee received employee benefits of more than £80,000 during the year12023: Nil). 10. Trustee remuneration and expenses No remuneration or other benefits from employment wilh the charity or a related entity vrfere received by the trustees. 11. Debtorn 2024 2023 Other debtors 61,996 37,218 Other debtors includes amounts due from Design review contributions. 12-
Design Midlands Limited Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2024 12. Creditors: amounts falling due v4ithin one year 2024 2023 Trade creditors Accruals and deferred income Other creditors 31,458 1.130 16,472 49,060 11,585 5.180 10,513 27,278 13. Analy818 of ¢harltable funds Unrestricted funds At 1 April 2023 At Income Expenditure 31 March 2024 General funds 36,336 220,906 {217,072) 40,170 At 1 April 2022 At Income Expenditure 31 March 2023 General funds 42,672 170,311 (176,647) 36,338 ' 14. Analy818 of net a886t8 between fund8 Unrestricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net assets 89,230 89,230 (49,060) (49,060 40,170 40.170 Unrestricted Total Funds Funds 2023 Current assets Creditors less than 1 year Not assets 63,614 63,614 {27,278) (27,278) 36,336 36,336 13-