REGISTERED CHARITY NUMBER: 1171346
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022
| 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 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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 continue to receive support from volunteers within our community for a number of activities based around outdoor learning and development of our horticulture programmes.
ACHIEVEMENT AND PERFORMANCE
As a charity we have continued to offer support and crisis intervention to people affected by the pandemic in addition to our regular commitments. We have seen a rise in support requirements for people struggling with their mental health.
FINANCIAL REVIEW
Financial position
We feel that we have reached a more stable situation following the pandemic but understand that the future will be challenging following decisions made by the WG in relation to holiday cottages. With this in mind we have agreed to concentrate on activities giving volunteers opportunities as well as short breaks for families with disabilities. Although this means that we cannot rely as much on unrestricted funding we feel that given the current climate this is the most suitable way forwards.
Principal funding sources
Our principle source of fundraising was from charitable grants and from the provision of short breaks.
We will continue to seek out opportunities for funding via charitable grants over the coming year.
Investment policy and objectives
We will continue to invest in our community and our staff and endeavour to find opportunities for them to continue to develop by offering opportunities for learning and training.
Page 1
DAL DY DIR
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
FINANCIAL REVIEW
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 followed by the financial climate has meant that funding opportunities are still restricted. We will continue to seek out bid soft our regular funders as well as looking for new opportunities.
Principal Risks
The principal risks facing the charity are as follows;
o General change in the charitable grants available and economic climate at the moment
o Change to WG policy around holiday homes means we have changed our development plans and have less access to unrestricted funding.
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 2022
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;
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observe the methods and principles in the Charity SORP;
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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 12 October 2023 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 2022.
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
12 October 2023
Page 4
DAL DY DIR
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| 31.12.22 | 31.12.21 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 3,510 | 15,134 | 18,644 | 34,356 | |
| Charitable activities | |||||
| Charitable Activities | 10,354 | - | 10,354 | 11,118 | |
| Other income | 19,507 | - | 19,507 | 16,000 | |
| Total | 33,371 | 15,134 | 48,505 | 61,474 | |
| EXPENDITURE ON | |||||
| Raising funds | 610 | - | 610 | 403 | |
| Charitable activities | |||||
| Charitable Activities | 17,194 | 19,476 | 36,670 | 65,950 | |
| Total | 17,804 | 19,476 | 37,280 | 66,353 | |
| NET INCOME/(EXPENDITURE) | 15,567 | (4,342) | 11,225 | (4,879) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | (18,777) | 28,020 | 9,243 | 14,122 | |
| TOTAL FUNDS CARRIED FORWARD | (3,210) | 23,678 | 20,468 | 9,243 |
The notes form part of these financial statements
Page 5
DAL DY DIR
BALANCE SHEET 31 DECEMBER 2022
| 31.12.22 | 31.12.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 5 | 10,213 | - | 10,213 | 9,031 | |
| CURRENT ASSETS | ||||||
| Stocks | 6 | 320 | - | 320 | 930 | |
| Debtors | 7 | 519 | - | 519 | 93 | |
| Cash at bank | (12,462) | 23,678 | 11,216 | 2,789 | ||
| (11,623) | 23,678 | 12,055 | 3,812 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 8 | (1,800) | - | (1,800) | (3,600) | |
| NET CURRENT ASSETS/(LIABILITIES) | (13,423) | 23,678 | 10,255 | 212 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | (3,210) | 23,678 | 20,468 | 9,243 | ||
| NET ASSETS | (3,210) | 23,678 | 20,468 | 9,243 | ||
| FUNDS | 9 | |||||
| Unrestricted funds | (3,210) | (18,777) | ||||
| Restricted funds | 23,678 | 28,020 | ||||
| TOTAL FUNDS | 20,468 | 9,243 |
The financial statements were approved by the Board of Trustees and authorised for issue on 12 October 2023 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 2022
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 Motor vehicles - 25% 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.
continued...
Page 7
DAL DY DIR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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 | ||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Auditors' remuneration for non audit work | 1,860 | 1,800 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 559 33,797 Charitable activities Charitable Activities 11,118 - Other income 16,000 - Total 27,677 33,797 EXPENDITURE ON Raising funds 403 - Charitable activities Charitable Activities 38,444 27,506 Total 38,847 27,506 NET INCOME/(EXPENDITURE) (11,170) 6,291 |
Total funds £ 34,356 11,118 16,000 61,474 403 65,950 66,353 (4,879) |
|---|---|
continued...
Page 8
DAL DY DIR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. TANGIBLE FIXED ASSETS Plant and machinery £ COST At 1 January 2022 7,138 Additions - Disposals - Reclassification 450 At 31 December 2022 7,588 DEPRECIATION At 1 January 2022 3,893 Charge for year 1,491 Eliminated on disposal - Reclassification/transfer 68 At 31 December 2022 5,452 NET BOOK VALUE At 31 December 2022 2,136 At 31 December 2021 3,245 6. STOCKS Stocks |
Unrestricted Restricted Total fund fund funds £ £ £ (7,607) 21,729 14,122 (18,777) 28,020 9,243 Fixtures and Motor Computer fittings vehicles equipment Totals £ £ £ £ 8,285 - 701 16,124 - 4,995 - 4,995 (450) - (345) (795) (450) - - - 7,385 4,995 356 20,324 2,623 - 577 7,093 1,081 937 121 3,630 (270) - (342) (612) (68) - - - 3,366 937 356 10,111 4,019 4,058 - 10,213 5,662 - 124 9,031 31.12.22 31.12.21 £ £ 320 930 |
Total funds £ 14,122 |
|---|---|---|
| 9,243 |
continued...
Page 9
DAL DY DIR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.22 | 31.12.21 | |||
|---|---|---|---|---|
| £ | £ | |||
| Prepayments | 519 | 93 | ||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||
| 31.12.22 | 31.12.21 | |||
| £ | £ | |||
| Other creditors | 1,800 | 3,600 | ||
| 9. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.22 | in funds | 31.12.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | (18,777) | 15,567 | (3,210) | |
| Restricted funds | ||||
| Restricted fund | 28,020 | (4,342) | 23,678 | |
| TOTAL FUNDS | 9,243 | 11,225 | 20,468 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 33,371 | (17,804) | 15,567 | |
| Restricted funds | ||||
| Restricted fund | 15,134 | (19,476) | (4,342) | |
| TOTAL FUNDS | 48,505 | (37,280) | 11,225 | |
| Comparatives for 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 |
continued...
Page 10
DAL DY DIR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
9. MOVEMENT IN FUNDS - continued
Comparative 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) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.21 | in funds | 31.12.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | (7,607) | 4,397 | (3,210) |
| Restricted funds | |||
| Restricted fund | 21,729 | 1,949 | 23,678 |
| TOTAL FUNDS | 14,122 | 6,346 | 20,468 |
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 | 61,048 | (56,651) | 4,397 |
| Restricted funds | |||
| Restricted fund | 48,931 | (46,982) | 1,949 |
| TOTAL FUNDS | 109,979 | (103,633) | 6,346 |
continued...
Page 11
DAL DY DIR
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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 2022
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 |
||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 6,388 | 558 |
| Grants | 12,256 | 33,798 |
| 18,644 | 34,356 | |
| Charitable activities | ||
| Holidays | 10,354 | 11,118 |
| Other income | ||
| Other income | 5,700 | - |
| Other income - support re rent | - | 3,000 |
| Other income re: Covid-19 | - | 13,000 |
| Other Income - Insurance | 13,807 | - |
| 19,507 | 16,000 | |
| Total incoming resources | 48,505 | 61,474 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | 930 | 950 |
| Loss on sale of tangible fixed assets | - | 383 |
| Closing stock | (320) | (930) |
| 610 | 403 | |
| Charitable activities | ||
| Sundries | 615 | 3,650 |
| Livestock | 1,277 | 888 |
| Travel and accommodation | 1,038 | 2,880 |
| Food | 1,139 | 873 |
| Arts & Events | 1,440 | - |
| Projects | 4,709 | - |
| 10,218 | 8,291 | |
| Support costs | ||
| Management | ||
| Wages | 13,819 | 23,025 |
| Other operating leases | 1,600 | 9,600 |
| Insurance | 85 | 426 |
| Light and heat | 1,151 | 2,620 |
| Telephone | 47 | 199 |
| Postage and stationery | 30 | 79 |
| Carried forward | 16,732 | 35,949 |
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 2022
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 |
||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Management | ||
| Brought forward | 16,732 | 35,949 |
| Repairs and renewals | 1,647 | 1,373 |
| Subscriptions | 830 | 1,263 |
| Training | 500 | 14,336 |
| Motor expenses | 1,070 | - |
| Dep'n of plant & machinery | 1,491 | 1,491 |
| Dep'n of fixtures & fittings | 1,081 | 1,216 |
| Dep'n of motor vehicles | 937 | - |
| Dep'n of computer equipment | 121 | 231 |
| Loss on sale of tangible fixed assets | 183 | - |
| 24,592 | 55,859 | |
| Governance costs | ||
| Auditors' remuneration for non audit work | 1,860 | 1,800 |
| Total resources expended | 37,280 | 66,353 |
| Net income/(expenditure) | 11,225 | (4,879) |
This page does not form part of the statutory financial statements
Page 14