Treasurer’s Statement 2021 FINAL
Annual Trustee Meeting Monday 14[th] March 2022
2021 continued to be affected by the global COVID19 pandemic, the first half of the year witnessed further lockdown and restrictions putting a halt to any Daisy Trust events. The Trust continued to work remotely, it supported beneficiaries with £25,000 grants throughout this time and planned for the Fair in the Autumn. With cases falling and restrictions to a large extent lifted by October, a successful fundraising event was able to take place before further disruption at the end of the year. The Trust again received extraordinary donations in 2021. Having secured funds raised at the Fair and from donations the Trust wanted to quickly put them to use in the community and in November allocated an additional £40,000 for grants.
Analysis of Accounts for Year Ended 31 December 2021
Opening Balance
The Daisy Trust opening balance for 2021 was £105,409. Approximately £40,000 is held in savings; £25,357 (24%) was held in a savings account, £15,083 (15%) was invested in treasury stock. There was £65,128 (61%) in the current account.
Income
During 2021 The Daisy Trust had a net income of £73,173.72. The income was raised at the Daisy Trust Fair, the only event the Trust held in 2021, from interest and donations. In comparison 2020 and 2019 had been extraordinary years for income (2020 £37,000 and 2019 £126,400), whereas net income had been in the region of £55,000 in the previous two years (2018/2017). The comparison shows that despite the pandemic, 2021 was a successful fundraising year for the Trust.
Net income from the fair was £56,014. The highest net income achieved at a Fair and approximately £10,000 more than the previous three Fairs held at the Hurlingham Club. The increase in income was a result of increasing the entrance donation to £10.00, allowing shoppers to book entrance online in advance and increasing fees for stallholders. The Fair was strongly supported and proved a great success. Over 100 stall holders attended, shopper numbers were over 1,000 and average spend was approx. £205.00 per head. Average income per stall was approximately £2,000 but there was a large variation with the most successful stall selling £9,000 of goods.
Daisy Trust Accounts 2021
Page 1
The Trust does not actively seek donations but its strong standing in the community means that it attracts considerable support and received £20,427 in 2021. There were three large donors, one via Benevity (£9,544) and two generous individuals (£5,639). St James Prep School donated £1,471 and The Trust continues to receive monthly direct debits from several local residents.
Expenditure
Expenditure totalled £8,424.65. Expenditure for the Fair was £3,561.21, with an additional £1,500 carried forward from 2020. Fair expenditure has been kept stable at approximately £5,000 for the last five years while income has increased significantly. Following the upgrade of the website in 2020, it is now updated in house and expenditure is kept to a minimum. £551.73 covered webhosting and all mail shots in 2021. The use of Zoom for committee and beneficiary meetings was essential during lockdown and cost
Grants
In 2021 the Trust gave 43 grants to 38 different organisations totalling £65,145 (£65,500 to 47 organisations in 2019). After a discussion at the 2020 Annual Meeting, the Trustees decided that the strategy for grant giving during 2021 should be that the estimated annual total should be around £50,000 until it was certain that the Fair would be held in October and that, when this was confirmed, the estimated approximate annual total should be increased to about £65,000.
The success of the Fair and donations received in 2021 has meant that the Trust was able to fulfil the directions of the Trustees and make grants just over £65,000 as well as pledging an additional £20,000 of grant giving, which will be paid in the first quarter of 2022 following due diligence meetings. The grants were made up of responses to monthly requests as well as five grants of £4,000 to long standing beneficiaries under a £40,000 for 40 years banner.
Investments
The Trust held two Treasury Gilt over the year, one of which matures in 2024 and the other in 2032. The Trust continued to receive interest on its investments, this equated to £544 in 2021. The Trust also holds £25,357 in a Shawbrook CAF 60 Day Notice Account.
Assets
At the 2020 AGM the Trust held a stable position with a balance of funds of £105,409 in investments and working capital.
The total position for the year end 2021 is £111,498, is very similar to the previous year, £25,347 (23%) is held in a savings account, £15,083 (14%) is invested in treasury stock and £71,217(63%) in cash and the current account. An additional £20,000 is pledged for five grants of £4,000, carrying forward approximately £55,000 in the current account.
Daisy Trust Accounts 2021
Page 2
Banking Procedures
The Trust was able to move to a fully electronic banking system in 2021 resulting in all payments and receipts being authorised and dealt with electronically and providing greater efficiency and a clearer audit trail.
Audit and Charity Commission Returns
The Charity Commission requires all charities with a gross income greater than £25,000 to submit independent examination of accounts with their annual return. It was arranged for a qualified accountant friend of the Daisy Trust to complete this for 2020 accounts at no cost to the Trust and the return was made on time. The same arrangement will be made for the 2021 accounts.
Caroline Mackenzie Treasurer 14 March 2022
Supporting Documents Attached (separate document)
Income and Expenditure 2021 Event comparison Fundraising comparison Grants Closing Balance
Daisy Trust Accounts 2021
Page 3
| The Daisy Trust | The Daisy Trust | The Daisy Trust | |||
|---|---|---|---|---|---|
| (Registered no. 283890) | |||||
| INCOME AND EXPENDITURE ACCOUNT 2021 | |||||
| Open | Shawbrook Bank CAF 12m Fixed Saver | 25,347.12 | |||
| Lloyds TSB Treasurers Account | 65,128.72 | ||||
| Treasury 4 1/4 2032 | 5,083.31 | ||||
| Treasury 2 3/4 2024 (10000) | 9,850.09 | ||||
| Opening Balances | 105,409.24 | ||||
| Daisy Trust Fair 2021 | 59,575.88 | ||||
| Inco | mInterest | 544.71 | |||
| Donations | 20,427.69 | ||||
| 2020 Income received | 498.16 | ||||
| 2021 Expenditure not yet cashed | 551.93 | ||||
| Total Income | 81,598.37 | ||||
| Daisy Trust Fair 2021 | 3,561.21 | ||||
| Expe | Website and Marketing Materials | 935.73 | |||
| 2020 Expenditure cashed | 65.00 | ||||
| 2021 Income not yet cashed | 3,862.71 | ||||
| Total Expenditure | 8,424.65 | ||||
| Net Income | 73,173.72 | ||||
| Total Grants Given 2021 | 65,145.00 | ||||
| Gran | t2020 Grants cashed 2021 | 2,440.00 | |||
| 2021 Grants not yet cashed | -500.00 | ||||
| Total Grants | 67,085.00 | ||||
| Net Surplus/Deficit | 6,088.72 | ||||
| Closing Balances | |||||
| Shawbrook Bank CAF 60 day Fixed Saver | 25,347.12 | ||||
| Lloyds TSB Treasurers Account | 66,522.44 | ||||
| Treasury 4 1/4 2032 | 5,083.31 | ||||
| Treasury 2 3/4 2024 (10000) | 9,850.09 | ||||
| Cash at Hand | 4,695.00 | ||||
| Closing Balance | 111,497.96 | ||||
The Daisy Trust
(Registered no. 283890)
Grants For The Year Ended 31 December 2021
| Total Previous Year (2019) | £65,655 | (47 organisations) | |
|---|---|---|---|
| Total Previous Year (2020) | £37,555 | ||
| Organisation | Amount | Month given | |
| 2020 | Action on disability | £500.00 | October |
| 2020 | Rays Playhouse | £1,040.00 | December |
| 2020 | AYGroup | £500.00 | December |
| 2020 | Age UK | £400.00 | December |
| 1 | Lady Margaret School | £500.00 | January |
| 2 | Fulham Boys School | £500.00 | January |
| 3 | Kulan Foundation | £500.00 | January |
| 4 | Thomass Academy | £500.00 | January |
| 5 | Ready Tech Go | £750.00 | February |
| 6 | DanceWest | £875.00 | February |
| 7 | Turtle Key Arts | £750.00 | March |
| 8 | H and F Foodbank | £2,000.00 | March |
| 9 | Asthma Relief | £1,000.00 | March |
| 10 | Alternative Theatre Co (Bush Theatre) | £800.00 | March |
| 11 | Royal Hospital Neuro Disability | £500.00 | March |
| 12 | CAB Hammersmith and Fulham | £1,500.00 | April |
| 13 | SEAPIA | £2,000.00 | April |
| 14 | Maggie Keswick Jencks Cancer Trust | £1,000.00 | May |
| 15 | The Sulgrave Club | £1,632.00 | May |
| 16 | The Royal Marsden Cancer Charity | £1,000.00 | May |
| 17 | This New Ground | £500.00 | May |
| 18 | Thomas's Academy | £500.00 | May |
| 19 | Royal Trinity Hospice | £1,500.00 | May |
| 20 | The Kids Network | £1,500.00 | June |
| 21 | Kensington Athletic | £1,585.00 | June |
| 22 | Barons Court Project | £3,000.00 | June |
| 23 | Friends of South Park | £600.00 | July |
| 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 |
Lyric Theatre Clothing Collective Womens' Trust Cat and Hutch Fulham Good Neighbours Key 4 Life The Upper Room Caritas Bakhita House This New Ground White City Theatre Brunswick Club Dancewest St Albans Urban Partnership Group Solidarity Sports Charity Special 40:40 Grants 2021 The Smile Brigade Rays Playhouse Shepherd Bush Families Help Counselling The Upper Room Total Grants Given 2021 |
£1,500.00 September £1,000.00 September £2,000.00 September £400.00 September £2,000.00 September £1,500.00 October £1,337.00 October £751.00 October £1,170.00 November £1,500.00 November £2,435.00 December £800.00 December £810.00 December £950.00 December £2,000.00 December £4,000.00 November £4,000.00 November £4,000.00 December £4,000.00 December £4,000.00 December £65,145.00 |
|---|---|---|
Total 38 Grants plus 5 special grants 43 grants in total to 39 beneficiaries
----- Start of picture text -----
The Daisy Trust
(Registered no. 283890)
Analysis of Fundraising Events for Last 5 Years for Year Ended 31 December 2021
% % Net % % of
Event Income Change Expenditure Change Fundraising Change total
Daisy Trust Fair 2021 59,575.88 197% 3,561.21 1354% 56,014.67 183% 100%
Daisy Trust Virtual Fair 2020 20,033.01 -60% 245.00 -95% 19,788.01 -57% 100%
Daisy Trust Fair 2019 50,594.48 4% 4,865.33 -11% 45,729.15 6% 40%
Daisy Trust Fair 2018 48,659.00 7% 5,453.00 1% 43,206.00 8% 94%
Daisy Trust Fair 2017 45,508.19 8% 5,411.36 3% 40,096.83 8% 93%
Daisy Trust Fair 2016 42,230.30 5,262.16 36,968.14 91%
Brain Game 2019 1,165.00 443.73 721.27 -71%
Brain Game 2018 3,255.00 726.05 2,528.95 21%
Brain Game 2017 2,820.00 726.75 2,093.25 -23%
Brain Game 2016 3,290.00 571.99 2,718.01 14%
Brain Game 2015 2,930.00 547.24 2,382.76
Daisy Trust Ball 2019 107,699.21 40,323.29 67,375.92 59%
Friends Events 2017 989.20 0.00 989.20
Friends Events 2016 770.00 0.00 770.00
Total 2021 59,575.88 3,561.21 56,014.67 183%
Total 2020 20,033.01 245.00 19,788.01 -83%
Total 2019 159,458.69 45,632.35 113,826.34 149%
Total 2018 51,914.00 6,179.05 45,734.95 6%
Total 2017 49,317.39 6,138.11 43,179.28 7%
Total 2016 46,290.30 5,834.15 40,456.15
Note Income includes donations received at an event
----- End of picture text -----
| The Daisy Trust | The Daisy Trust | ||||||
|---|---|---|---|---|---|---|---|
| (Registered no. 283890) | |||||||
| Comparison Figures 1999 - 2021 | |||||||
| Year | Net Fund Raising |
Donations | Fundraising and Donations |
Grants Made by The Trust |
Difference | Assets at Year End** |
% Income given in grants |
| 2021 | 56,015 | 20,428 |
76,442 |
65,145 |
11,297 |
111,498 |
85% |
| 2020 | 19,748 | 16,511 |
36,259 |
37,555 |
-1,296 |
105,409 |
104% |
| 2019 | 113,826 | 12,886 |
126,712 |
65,655 |
61,057 |
112,374 |
52% |
| 2018 | 45,734 | 840 |
46,574 |
55,391 |
-8,817 |
47,813 |
119% |
| 2017 | 43,179 | 12,428 |
55,607 |
42,273 |
13,334 |
53,568 |
76% |
| 2016 | 40,456 | 471 |
40,927 |
51,572 |
-10,645 |
42,834 |
126% |
| 2015 | 35,559 | 2,916 |
38,475 |
51,807 |
-13,331 |
51,852 |
135% |
| 2014 | 34,766 | 17,343 |
52,109 |
46,777 |
5,331 |
65,484 |
90% |
| 2013 | 33,604 | 250 |
33,854 |
25,439 |
8,415 |
56,533 |
75% |
| 2012 | 35,226 | 1,419 |
36,644 |
37,747 |
-1,102 |
51,965 |
103% |
| 2011 | 25,833 | 3,102 |
28,935 |
20,668 |
8,267 |
53,832 |
71% |
| 2010 | 20,124 | 20,124 | 9,266 |
10,858 |
42,726 |
46% |
|
| 2009 | 22,028 | 2,000 |
24,028 |
20,876 |
3,152 |
26,246 |
87% |
| 2008 | 13,411 | 7,000 |
20,411 |
27,052 |
-6,641 |
26,183 |
133% |
| 2007 | 16,546 | 5,000 |
21,546 |
30,765 |
-9,219 |
25,688 |
143% |
| 2006 | 20,065 | 2,500 |
22,565 |
31,073 |
-8,508 |
26,784 |
138% |
| 2005 | 13,463 | 4,275 |
17,738 |
24,600 |
-6,861 |
31,614 |
139% |
| 2004 | 20,615 | 20,615 | 13,415 |
7,200 |
30,631 |
65% |
|
| 2003 | 11,962 | 11,962 | 12,437 |
-475 |
21,995 |
104% |
|
| 2002 | 15,977 | 3,804 |
19,781 |
14,508 |
5,273 |
22,013 |
73% |
| 2001 | 18,116 | 18,116 | 16,626 |
1,490 |
16,890 |
92% |
|
| 2000 | 18,655 | 18,655 | 19,220 |
-565 |
15,466 |
103% |
|
| 1999 | 11,481 | 11,481 | 12,930 |
-1,449 |
10,989 |
113% |
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Indèpendent Examiner's Report Report to th• Irusteesl The Daisy Trust On accounts for the year ended 31 Decemb8r 2021 Charlty no (If any) 283890 Set out on pages I report to th8 trustees on my examination of the accounts of the above charity (Ihe TnJst'> for the year endad Responslbllltlos and As the charty tnJste88 of the Tnrt you resp)nsible for the preparatton ba819 of report of the acrx)unts in acCOrdar with th8 requirements of the Charities Act 2011 fthe ACV). I report in respect of my examination of the Trust's accounts carried oul under sertion 145 of the 2011 Act and in carrying out my examinatlon, I have followed the appllcable Direotions given by th8 Charty Commisslon under section 145(5)(b) of the Act. I have pleted my examination. I confim that no materlal matters have come to my attention (other than that disclosed loW"> in conn8dion with the examlnation which gives m8 Cause to believe that in, 8ny materlal respectr. accountlng records war8 not kept In accordanc6 with sectlon 130 of the Act or th8 accounts do not ac£ord with the accountlng racords Independent examinerf8 8tatem•nt I have rto ¢on¢erns arKI have come across rm) Othér matters in connection with the examination to which attention should be drdvm in order to enable a proper understanding of the accounts to be reached. . Please delete th8 words in the brackets rfthey do not apply. IFlio/zoLz Slgned: Date: Name: Alison Duncan Relevant professlonal quallfi¢atlon(s) or IXMIY (If any): Accountant ACA Address= 1 Elm Close Leathethead Surrey KT22 8HA IER October 2018
Section B Disclosure Onty complete rf the examiner needs to hi3hlight matters of concem (see CC32. Independent examinatNJn of tharity a¢(nts". directions and guidance for examiners). Give here brief details of any items that the examiner vAshes to dls¢lose. IER October 2018