REGISTERED CHARITY NUMBER: 1171346
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
DAL DY DIR
D.R.E. & Co. Limited Chartered Accountants 7 Lower Brook Street Oswestry Shropshire SY11 2HG
DAL DY DIR
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
DAL DY DIR
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The relief of people with disabilities and their families for the public benefit in particular but not exclusively by:
o Providing opportunities for them that support and enable the creation of sustained life strategies, healthy lifestyles and support networks with the aim of promoting social cohesion and a greater understanding between them and different social groups;
o Challenging perceptions of disability and other marginalised sectors of society and by supporting the creation of a community where all people can be regarded as equals irrespective of personal situation;
o Creating a rural environment where people with disabilities can develop strategies and initiatives that aim to prevent or reduce poverty and isolation/exclusion through the creation of personal and educational training opportunities alongside other minority groups; and by
o Providing them with opportunities to develop themselves, experience greater community support and networking for their benefit without fear of judgement or discrimination.
Significant activities
The main activities undertaken for the public benefit in relation to these objectives are as follows;
o Outdoor training and activities for groups and individuals o Crisis intervention o Advocacy and support
Public benefit
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
Volunteers
We have a number of volunteers who help us, plus people who volunteer by fundraising for us locally. These volunteers have helped secure our standing locally.
ACHIEVEMENT AND PERFORMANCE
As a charity we have supported many new people due to Coronavirus.
FINANCIAL REVIEW
Financial position
Our projected position was not met as a result of Coronavirus. The charity has had to support more people despite having less access to funding. Due to lockdowns and social distancing rules, income generated by the holiday lets, which is one of the main sources of income for the charity, had significantly reduced. Additionally, income received from respite care ceased altogether during the period despite this being a principle activity of the charity that the charity has continued to provide.
Principal funding sources
Our principle source of fundraising was from charitable grants and from the provision of short breaks for young people.
Whilst we are concerned about the current availability of grants, which are become increasingly targeted, there is a need for our work and we will continue to provide this, whilst exploring new charitable funding streams, thus our short break work will continue. This is a concern, but we will work through it, as we have done in previous years.
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DAL DY DIR
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
FINANCIAL REVIEW
Investment policy and objectives
We believe in empowering our staff through training and mentoring to be the best they can, this has been a massive positive to Dal Dy Dir since our inception. Not an Investment Policy as such, but how we view the investment in people who make Dal Dy Dir.
Reserves policy
We would like to hold reserves of £5,000 to allow for emergency repairs and expenditure, if at all possible however Coronavirus has affected our income and ability to retain that amount this year.
Going concern
The challenges of Coronavirus has meant that we have supported more people but have had less access to funding.
Principal Risks
The principal risks facing the charity are as follows;
o Coronavirus
o General change in the charitable grants available and economic climate at the moment o Increased costs due to rise in energy costs
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The charity has not appointed any new trustees in the period.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1171346
Principal address
The Forest Kerry Newtown Powys SY16 4DW
Trustees
Dr K Palshis Ms D Gibbens S Burton Chairman
Independent Examiner
Aled Davies FCCA D.R.E. & Co. Limited Chartered Accountants 7 Lower Brook Street Oswestry Shropshire SY11 2HG
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 2
DAL DY DIR
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
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 which 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
Approved by order of the board of trustees on 23 November 2022 and signed on its behalf by:
S Burton - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DAL DY DIR
Independent examiner's report to the trustees of Dal Dy Dir
I report to the charity trustees on my examination of the accounts of Dal Dy Dir (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 understanding of the accounts to be reached.
Aled Davies FCCA D.R.E. & Co. Limited Chartered Accountants 7 Lower Brook Street Oswestry Shropshire SY11 2HG
23 November 2022
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DAL DY DIR
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 559 Charitable activities Charitable Activities 11,118 Other income 16,000 Total 27,677 EXPENDITURE ON Raising funds 403 Charitable activities Charitable Activities 38,444 Total 38,847 NET INCOME/(EXPENDITURE) (11,170) RECONCILIATION OF FUNDS Total funds brought forward (7,607) TOTAL FUNDS CARRIED FORWARD (18,777) |
Restricted fund £ 33,797 - - 33,797 - 27,506 27,506 6,291 21,729 28,020 |
31.12.21 31.12.20 Total Total funds funds £ £ 34,356 30,664 11,118 139,506 16,000 65 61,474 170,235 403 (950) 65,950 172,698 66,353 171,748 (4,879) (1,513) 14,122 15,635 9,243 14,122 |
|---|---|---|
The notes form part of these financial statements
Page 5
DAL DY DIR
BALANCE SHEET 31 DECEMBER 2021
| 31.12.21 | 31.12.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 5 | 9,030 | - | 9,030 | 11,412 | |
| CURRENT ASSETS | ||||||
| Stocks | 6 | 930 | - | 930 | 950 | |
| Debtors | 7 | 94 | - | 94 | 544 | |
| Cash at bank | (25,231) | 28,020 | 2,789 | 3,016 | ||
| (24,207) | 28,020 | 3,813 | 4,510 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 8 | (3,600) | - | (3,600) | (1,800) | |
| NET CURRENT ASSETS/(LIABILITIES) | (27,807) | 28,020 | 213 | 2,710 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | (18,777) | 28,020 | 9,243 | 14,122 | ||
| NET ASSETS | (18,777) | 28,020 | 9,243 | 14,122 | ||
| FUNDS | 9 | |||||
| Unrestricted funds | (18,777) | (7,607) | ||||
| Restricted funds | 28,020 | 21,729 | ||||
| TOTAL FUNDS | 9,243 | 14,122 |
The financial statements were approved by the Board of Trustees and authorised for issue on 23 November 2022 and were signed on its behalf by:
S Burton - Trustee
The notes form part of these financial statements
Page 6
DAL DY DIR
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The accounts are for the individual entity only.
These financial statements are presented in £ sterling, rounded to the nearest £1.
Dal Dy Dir is an unincorporated charity and its principle address and registered charity number can be found within the Report of the Trustees.
Going Concern
The financial statements have been prepared on a going concern basis as the trustees are of the opinion that the charity will be able to pay its liabilities as and when they fall due.
The trustees have reached this conclusion after assessing the charity's future cash and funding requirements along with budgets and medium term plans.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost Fixtures and fittings - 15% on cost Computer equipment - 33% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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DAL DY DIR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES - continued
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Financial instruments
Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
2. AUDITORS' REMUNERATION
| AUDITORS' REMUNERATION | ||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| Auditors' remuneration for non audit work | 1,800 | 1,800 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,723 Charitable activities Charitable Activities 139,506 Other income 65 Total 141,294 EXPENDITURE ON Raising funds (950) Charitable activities Charitable Activities 165,486 Total 164,536 NET INCOME/(EXPENDITURE) (23,242) |
Restricted fund £ 28,941 - - 28,941 - 7,212 7,212 21,729 |
Total funds £ 30,664 139,506 65 170,235 (950) 172,698 171,748 (1,513) |
|---|---|---|
continued...
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DAL DY DIR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | Restricted | Restricted | Total | |||
|---|---|---|---|---|---|---|
| fund | fund | funds | ||||
| £ | £ | £ | ||||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 15,635 | - | 15,635 | |||
| TOTAL FUNDS CARRIED FORWARD | (7,607) | 21,729 | 14,122 | |||
| 5. | TANGIBLE FIXED ASSETS | |||||
| Fixtures | ||||||
| Plant and | and | Computer | ||||
| machinery | fittings | equipment | Totals | |||
| £ | £ | £ | £ | |||
| COST | ||||||
| At 1 January 2021 | 7,188 | 7,745 | 701 | 15,634 | ||
| Additions | 400 | 540 | - | 940 | ||
| Disposals | (450) | - | - | (450) | ||
| At 31 December 2021 | 7,138 | 8,285 | 701 | 16,124 | ||
| DEPRECIATION | ||||||
| At 1 January 2021 | 2,470 | 1,407 | 346 | 4,223 | ||
| Charge for year | 1,492 | 1,216 | 231 | 2,939 | ||
| Eliminated on disposal | (68) | - | - | (68) | ||
| At 31 December 2021 | 3,894 | 2,623 | 577 | 7,094 | ||
| NET BOOK VALUE | ||||||
| At 31 December 2021 | 3,244 | 5,662 | 124 | 9,030 | ||
| At 31 December 2020 | 4,718 | 6,338 | 355 | 11,411 | ||
| 6. | STOCKS | |||||
| 31.12.21 | 31.12.20 | |||||
| £ | £ | |||||
| Stocks | 930 | 950 | ||||
| 7. | DEBTORS: AMOUNTS FALLING DUE | WITHIN ONE YEAR | ||||
| 31.12.21 | 31.12.20 | |||||
| £ | £ | |||||
| Prepayments | 94 | 544 |
continued...
Page 9
DAL DY DIR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.21 | 31.12.20 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other creditors | 3,600 | 1,800 | ||
| 9. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.21 | in funds | 31.12.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | (7,607) | (11,170) | (18,777) | |
| Restricted funds | ||||
| Restricted fund | 21,729 | 6,291 | 28,020 | |
| TOTAL FUNDS | 14,122 | (4,879) | 9,243 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 27,677 | (38,847) | (11,170) | |
| Restricted funds | ||||
| Restricted fund | 33,797 | (27,506) | 6,291 | |
| TOTAL FUNDS | 61,474 | (66,353) | (4,879) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.1.20 | in funds | 31.12.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 15,635 | (23,242) | (7,607) | |
| Restricted funds | ||||
| Restricted fund | - | 21,729 | 21,729 | |
| TOTAL FUNDS | 15,635 | (1,513) | 14,122 |
continued...
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DAL DY DIR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 141,294 28,941 170,235 |
Resources Movement expended in funds £ £ (164,536) (23,242) (7,212) 21,729 (171,748) (1,513) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.1.20 | in funds | 31.12.21 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 15,635 | (34,412) | (18,777) | ||
| Restricted funds | |||||
| Restricted fund | - | 28,020 | 28,020 | ||
| TOTAL FUNDS | 15,635 | (6,392) | 9,243 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 168,971 | (203,383) | (34,412) |
| Restricted funds | |||
| Restricted fund | 62,738 | (34,718) | 28,020 |
| TOTAL FUNDS | 231,709 | (238,101) | (6,392) |
continued...
Page 11
DAL DY DIR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
10. RELATED PARTY DISCLOSURES
During the year, income in relation to the holiday let was received from Mr Simon Burton of £1,500 (2020: £NIL). The Trustees confirm this transaction took place at arm's length.
11. ULTIMATE CONTROLLING PARTY
There is no one controlling party.
Page 12
DAL DY DIR
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 |
||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 558 | 1,724 |
| Grants | 33,798 | 28,940 |
| 34,356 | 30,664 | |
| Charitable activities | ||
| Holidays | 11,118 | 21,285 |
| Forest School | - | 400 |
| Respite care | - | 117,821 |
| 11,118 | 139,506 | |
| Other income | ||
| Other income | - | 65 |
| Other income - support re rent | 3,000 | - |
| Other income re: Covid-19 | 13,000 | - |
| 16,000 | 65 | |
| Total incoming resources | 61,474 | 170,235 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | 950 | - |
| Loss on sale of tangible fixed assets | 383 | - |
| Closing stock | (930) | (950) |
| 403 | (950) | |
| Charitable activities | ||
| Sundries | 3,650 | 3,489 |
| Livestock | 888 | 2,011 |
| Travel and accommodation | 2,880 | 4,103 |
| Food | 873 | 5,161 |
| Care costs | - | 69,502 |
| 8,291 | 84,266 | |
| Support costs | ||
| Management | ||
| Wages | 23,025 | 39,319 |
| Other operating leases | 9,600 | 27,300 |
| Insurance | 426 | 85 |
| Light and heat | 2,620 | 2,414 |
| Carried forward | 35,671 | 69,118 |
This page does not form part of the statutory financial statements
Page 13
DAL DY DIR
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 |
||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| Management | ||
| Brought forward | 35,671 | 69,118 |
| Telephone | 199 | 183 |
| Postage and stationery | 79 | 194 |
| Repairs and renewals | 1,373 | 4,248 |
| Subscriptions | 1,263 | 290 |
| Training | 14,336 | 8,365 |
| Dep'n of plant & machinery | 1,491 | 2,470 |
| Dep'n of fixtures & fittings | 1,216 | 1,407 |
| Dep'n of computer equipment | 231 | 346 |
| 55,859 | 86,621 | |
| Finance | ||
| Bank charges | - | 11 |
| Governance costs | ||
| Auditors' remuneration for non audit work | 1,800 | 1,800 |
| Total resources expended | 66,353 | 171,748 |
| Net expenditure | (4,879) | (1,513) |
This page does not form part of the statutory financial statements
Page 14