MAKING A DIFFERENCE LOCALLY LTD
Financial health, per its FY2023 accounts
The accounts state that the charitable group achieved a net surplus of £98,820 for the year ended 30 June 2023, reversing a deficit from the previous year. Free reserves stood at £604,836, which the trustees note includes a designated amount to cover one year's estimated operating costs. The group remains dependent on Nisa Retail Limited as its sole funder but reports no borrowings and adequate resources for the foreseeable future.
What the accounts disclose
“The charity will maintain reserves at a level which is approximately one year’s estimated operational expenditure.” — page 6
“Income of £1,320,231 (2022: £1,135,935) was collected by Nisa Retail Limited and transferred to Making a Difference Locally Ltd via its subsidiary Making a Difference Locally (Marketing) Ltd.” — page 23
“In addition £243,078 (2022: £184,711) of administration and advertising costs were originally incurred by Nisa Retail Limited, then recharged to Making a Difference Locally (Marketing) Ltd.”
“Income of £1,320,231 (2022: £1,135,935) was collected by Nisa Retail Limited and transferred to Making a Difference Locally Ltd via its subsidiary Making a Difference Locally (Marketing) Ltd.” — page 23
“In addition £243,078 (2022: £184,711) of administration and advertising costs were originally incurred by Nisa Retail Limited, then recharged to Making a Difference Locally (Marketing) Ltd.”
“Income of £1,320,231 (2022: £1,135,935) was collected by Nisa Retail Limited and transferred to Making a Difference Locally Ltd via its subsidiary Making a Difference Locally (Marketing) Ltd.” — page 23
“In addition £243,078 (2022: £184,711) of administration and advertising costs were originally incurred by Nisa Retail Limited, then recharged to Making a Difference Locally (Marketing) Ltd.”
“The financial statements consolidate the results of the charity and its wholly owned subsidiary Making A Difference Locally (Marketing) Ltd on a line by line basis.” — page 16
Structured financials (annual return, FY ending 30/06/2024)
Trustees
- Daniel Martin
- David Luckin
- Duncan Batty
- Mandeep Singh Sohal
- Michael Gisby
- Sally Martin
- Tania Sultana Hardcastle-Hill
- Valerie Aston
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2024 | £1.4m | £1.0m |
| 30/06/2023 | £1.4m | £1.3m |
| 30/06/2022 | £1.2m | £1.0m |
| 30/06/2021 | £1.2m | £1.1m |
| 30/06/2020 | £1000k | £810k |
Common questions
Is MAKING A DIFFERENCE LOCALLY LTD financially healthy?
The accounts state that the charitable group achieved a net surplus of £98,820 for the year ended 30 June 2023, reversing a deficit from the previous year. Free reserves stood at £604,836, which the trustees note includes a designated amount to cover one year's estimated operating costs. The group remains dependent on Nisa Retail Limited as its sole funder but reports no borrowings and adequate resources for the foreseeable future. Its FY2023 accounts were audited by Azets Audit Services Limited.