Surplus falls for the Disabilities Trust

The Disabilities Trust, which supports people with physical disabilities, autism and brain injuries, reported a drop in surplus for the year ending 31 May 2012. Incoming resources fell from £44.5m in 2011 to £43.8m while costs increased from £39m to £40.7m leading to a fall in surplus (which includes trading and share of joint ventures) of over £2.3m (2012: £3.5m – 2011: £5.8m). There was also a deficit of £0.9m (2011: £0.5m gain) on investment assets due to a significant fall in share prices during the year. Directors said that the net effect is a reduction in net movement in funds and advised that the surplus reduction was due to the state of the economic climate throughout the year.