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The Daimler Foundation Limited

Scottish charity SC049034 · record on the Scottish Charity Register (OSCR) · accounts PDF

Latest income
£833k
Latest spending
£820k
Accounts read
FY2025

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.
Register data and accounts from the Scottish Charity Regulator (OSCR), used under the Open Government Licence. Automated analysis; the filed accounts are authoritative.