The Daimler Foundation Limited
Latest income
£833k
Latest spending
£820k
Accounts read
FY2025
Form
Company (the charity is registered with Companies House)
Financial health, per FY2025 accounts
The accounts state that the charity ended the year with a surplus of £12,864, reducing its cumulative unrestricted fund deficit to £100,073. However, the auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern due to this cumulative deficit. The trustees rely on continued financial support from related parties to maintain operations.
What the accounts disclose
Going concern: material uncertainty disclosed
“We draw attention to Note 1 in the financial statements, which indicates that the charitable company's total funds are in deficit. The cumulative deficit indicates that a material uncertainty exists that may cause doubt on the charitable company's ability to continue as a going concern.” — page 11
Per FY2025 accounts as filed with OSCR.
Payments to trustees: Penelope Dines received remuneration during the year totalling £15,836.
“Penelope Dines received remuneration during the year totalling £15,836 (2024: £24,720), due to her direct involvement in the daily activities carried out by the charity.” — page 22
Per FY2025 accounts as filed with OSCR.
Related-party transaction: The charity has been provided with use of a site and premises on a rent free basis to carry out its charitable activities by The Equestrian Centre Limited. Included within debtors are amounts owed by this company for £46,058 (2024: £34,774). This amount is unsecured, interest free and has no fixed terms of repayment. This party is related due to their connections with the trustees.
“The charity has been provided with use of a site and premises on a rent free basis to carry out its charitable activities by The Equestrian Centre Limited. Included within debtors are amounts owed by this company for £46,058 (2024: £34,774). This amount is unsecured, interest free and has no fixed terms of repayment. This party is related due to their connections with the trustees.” — page 26
Per FY2025 accounts as filed with OSCR.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with OSCR.
Reserves policy: sufficient funds in our bank account to meet both planned and unplanned expenditures (held: £-100k)
“The Daimler Foundation aims to maintain sufficient funds in our bank account to meet both planned and unplanned expenditures, but to also demonstrate to potential funders that we also have the ability to raise funds through our ongoing fundraising and equestrian events activities and by developing positive and long-term relationships with individuals, user groups and other interested parties.” — page 6
Per FY2025 accounts as filed with OSCR.
Independent examiner: Bannerman Johnstone Maclay Limited
Per FY2025 accounts as filed with OSCR.