THE DACON TRUST LIMITED
Provision of day services to adults with learning disability
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit of unrestricted funds of £148,984 for the year ended 31 December 2024, resulting in total unrestricted funds of £4,485,854. The trustees' report notes that charitable activity income is inadequate to meet costs, creating a reliance on investment income and local authority funding. The general reserve is currently in a deficit of £2,270, falling short of the stated policy target to hold reserves equivalent to 12 months of expenditure.
What the accounts disclose
“The reserve is currently in deficit of £2,270 (2023 Surplus: £84,178).”
Property (HM Land Registry)
Trustees
- Katie Hydechair
- Alex Dray
- Daniel Godfrey
- Shirley Anne Croft
- Simon King
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £480k | £682k |
| 31/12/2023 | £425k | £645k |
| 31/12/2022 | £332k | £434k |
| 31/12/2021 | £346k | £364k |
| 31/12/2020 | £447k | £420k |
Common questions
Is THE DACON TRUST LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a deficit of unrestricted funds of £148,984 for the year ended 31 December 2024, resulting in total unrestricted funds of £4,485,854. The trustees' report notes that charitable activity income is inadequate to meet costs, creating a reliance on investment income and local authority funding. The general reserve is currently in a deficit of £2,270, falling short of the stated policy target to hold reserves equivalent to 12 months of expenditure. Its FY2024 accounts were audited by TC Group.