Trustees’ Annual Report for the period
From Period start date To Period end date
Charity name: Daring Diadems
Charity registration number: 1200678
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The purpose of the charity is to advance the development and education of young people; to provide the care and necessary facilities for young people out of school; to promote equality between young people of different races; to provide vocational education, recreational and training opportunities. All these are to promote physical, mental and emotional well being of children and young people. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The main activities that take place include, educational and recreational trips, weekly social interactions, discussions, mentoring, support, storytelling, indoor and outdoor games. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Yes, the trustees have had regard to the guidance issued by the Charity Commission on public benefit. Our activities benefit children and young people by developing their self-confidence and social skills, IT and life skills and providing opportunities for self-expression and emotional development. We welcome all young people aged between 6:00 and 16 years regardless of personal background, face, gender or personal circumstances. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Not Applicable Para 1.38 Policy on grant making Not Applicable Para 1.38
| Policy on social investment including program related investment |
||
|---|---|---|
| Contribution made by volunteers |
Para 1.38 | The activities were supported and supervised by a mix of volunteers and casual staff. The charity successfully put together its first set of volunteers and casual staff team who have become invaluable running the activities of the charity. |
| Other |
Achievements and Performance
-
SORP reference 1. successfully put together a working team of casual staff and volunteers.
-
Summary of the main 2. Successfully held weekly Para 1.20
-
achievements of the charity, meetings throughout the year identifying the difference the with children and young people charity’s work has made to aged 6 to 16 years. the circumstances of its 3. Provided emotional support, beneficiaries and any wider career advice and guidance for benefits to society as a participants. This was done whole. through workshops, one to one sessions and question and answer sessions.
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4. Enabled young people to develop research, money management and other life skills. Each participant researched a topic and gave a presentation to the larger group.
5. Promoted mental well-being through the support group that was created. Outdoor games which included different competitions in football, racing, basketball and ping pong was well enjoyed by our participants whose physical well-being was promoted.
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
|---|---|---|
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Our income for this period was the grant made by Manchester City Council and a donation from one of our members. At the end of the period, these were depleted and only had that donation remaining. We did not charge activity or entrance fees this period. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Being a new charity, we are still developing income streams. As we progress, our aim is a minimum of three **months in reserve. ** |
| Amount of reserves held | Para 1.22 | £100 |
| Reasons for holding zero reserves |
Para 1.22 | Not Applicable |
| Details of fund materially in deficit |
Para 1.24 | Not Applicable |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Not Applicable |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
Not Applicable | |
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | New Trustees may be recruited to the Board at any time by the Trustees. In selecting individuals for appointment as Trustees, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Daring Diadems |
|---|---|
| Other name the charity uses | |
| Registered charitynumber | 1200678 |
| Charity’s principal address | 104 Church Lane, Harpurhey, Manchester M9 4NH |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Zechariah Omagbemi |
Chair | |||
| Omorolake Akinuli | ||||
| Oke Eleyae | ||||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Zechariah Omagbemi | ||
Chairman |
||
| 02/07/2024 | ||
| 02/07/2024 |
| Daring Diadems | Daring Diadems | Charity No | 1200678 | 1200678 | |
|---|---|---|---|---|---|
Company No |
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| Annual accounts for theperiod | |||||
| Period start date | 10/13/2022 | 7/31/2023 | Period end date |
7/31/2023 |
Section A Statement of financial activities (including summary income and expenditure account)
| Recommended categories by activity Guidance Note Income (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 Total S07 Expenditure (Notes 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material expense item S10 Other S11 Total S12 S13 Tax payable S14 S15 S16 Net income/(expenditure) S17 Extraordinary items S18 Transfers between funds S19 S20 Other gains/(losses) S21 Net movement in funds S22 Total funds brought forward S23 Total funds carried forward S24 Net income/(expenditure) before tax for the reporting period Net income/(expenditure) after tax before investment gains/(losses) Net gains/(losses) on investments Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use Reconciliation of funds: |
£ £ £ F01 F02 F03 Unrestricted funds Restricted income funds Endowment funds |
£ £ £ F01 F02 F03 Unrestricted funds Restricted income funds Endowment funds |
£ £ £ F01 F02 F03 Unrestricted funds Restricted income funds Endowment funds |
Total funds £ £ F04 F05 Prior year funds |
Total funds £ £ F04 F05 Prior year funds |
Total funds £ £ F04 F05 Prior year funds |
|---|---|---|---|---|---|---|
| 2,500 | - | - | 2,500 | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 2,500 | - | - | 2,500 | - | ||
| - | - | - | - | - | ||
| 2,500 | - | - | - | |||
| - | - | - | - | |||
| - | - | - | - | |||
| 2,500 | - | - | 2,500 | - | ||
| - | - | - | - | - | ||
| 2,500 | - | - | 2,500 | - | ||
| - | - | - | - | - | ||
| 2,500 | - | - | 2,500 | - | ||
| - | - | - | - | |||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 2,500 | - | - | 2,500 | - | ||
| - | - | - | - | - | ||
| 2,500 | - | - | 2,500 | - |