Doeusljn Envelope ID.. 43F9384&C121431M(EfA)FD964225409 COVENT GARDEN DRAGON HALL TRUST Company No. 03456508 Charlty No. 1087268 Report and financial statements For the year ended 31 March 2025 Docvsh3n Envelop8 ID.. 43F938ffjC121431S80EfA)FD964225409 Pago Reference and administration infomiation Chair's report Trustees, annual report Independent auditors. report 8-11 Statement of financial activities (incorporating an income and expenditure account) 12 Balance sheet 13 Statement of cash flows 14 Notes to the financial statements 15-22 Docusign Envelop• ID.. 43F9384&C121431MOE&OFD964225409 COVENT GARDEN DRAGON HALL TRUST TnMt•O8' Roport for th• year and￿ 31 March 2025 Ms S Vincent- Chair of Trustees and Local Councillor Mr T Lynn - Treasurer Mr A Lloyd MrFLGo Ms C A Math8son Ms C Asgill Mr. G l(nowles CompAny S•cr•tary: Mr T Lynn com￿nY numb•r. 03456508 Ch•rlty numb•r 1087268 17 Slukeley Street, London, WC2B 5LT Aud*orn: Goldwins Limited 75 Maygrove Road West Hampstead London NW6 2EG Do¢usvJn Envelope ID: 43F938￿l2I43l￿8OEfvOFD9S422540& COVENT GARDEN DRAGON HALL TRUST Tru8tw•' R•port for th• y•ar •nd•d 31 March 2025 Chalffs R•pori It is with great pleasure to present the Covent Garden Dragon Hall Trust Annual Report. This year, our first thanks go to people nvolved in making a difference to the lives of olhers and Ihe marvelkjus and dedicatsd t8am of voluntéers. staff and supporters. As you will read in the report. the work Dragon Hall undertakes is focused on people arKI this work would not be possible without the generous help of our supporters. The Trustees W￿uld specifically like to thank Shaftesbury Estates for the lunch clubs. Richard for the over 55s project, our Senior Youth group who support the Junior Youth group, our UCL students for supporb'ng the after-sthool dub and all volunteers for regular support for our Tech Club. Ourfirm finanrial ststus is entirely due to good planning, generous funders and regular users of our am8nities. Huge thanks to: Camden Council. Islington Council, GSK. the Greater London Authority. John Lyons Charlty. Mercers. UK Youth, London YoLrth and the Young Camden Foundation. We are grateful for thé continued support from our users: Theatre Academy London, ICC Missions. Mandarin Evangelical London. London Intsmational Choir. Tango Amistoso and Drury Lane Tap! Great to see so many artistic and acti ve classes. Alongside this, the prctyect activities have substantially increased with the Over 55's Proi8Ct Membership up by 27%, 274 additional activitses and 4,658 additimal attendances over the course of the year, perhaps somewhal to do with the highly K￿laLI8 lunch dubs. with over 30(K) lunches served in partnership with Covent Garden Communty Centre. Our Children and Youn9 People Project has 352 members. an increase of 20%. wth 42 young volunteers. over 410 activities and 11.636 attendances from young people. Tho young volunteers were particularfy helpful and played a crucial rol8 in creating a supportive and indusNe community ènvironment. Our SoapBox project now has 824 members. with an attendance overthe yearof7,892 - its STEAM (Science. T8chnology, Engineering. Arts. and Maths) Mentoring programme supported over 500 young people aged 9- 25, working with partners and 50 industy professionals. Soapbox organised the 4th consecutive Whitecross Street Paty Main Stsge. wifh 30 acts entertaining Ihwsands of festival -go8rs. Those activitie5 woukl not be possible without the partnerships ￿ged Ihis year with: Islington Cwncil. GSK. Nat￿na l Youth Agency, UK Youth, London Youth. Soundskool. Think Forward. Elatt College. Royal Mencap & 5 primary schools (Prior Weston, St Peter & St Paul's. St Luke. Hugh Myddleton and Morelands). You will see from the report that the annual accounts set out a robust financial situation. We are delighted that commercial trf)okings have also inmsed this yearwhich has h81p8d address the inuease in overheads and outgoings. mainly due to higher 8n8rgy costs. We look fc*ward to the C￿lIng year. consolldating our community offer and strerwening links with supporters and partners. Sue Vlncent- Chalr of Trustees and Li)cal Cwncill Docusiqn Envelope ID.. 43F9J84￿l2143lmOEF￿F0w225409 COVENT GARDEN DRAGON HALL TRUST Tn￿te08, Roport for tho yoar ond•d 31 March 2025 The trustees. who are also directors under company law, present their r8Frf)rt and financtal slatements for the year ended 31 March 2025. The trustees confirm that the financial statements comply with current statutory requirements. the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102. The organisation is a charitable company limited by guarantee. incorporated on 28 October 1997 as Covent Garden Communty Trust and subsequentty changed its name on 8 June 2001 and registered as a Charty on 29 June 2001. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under Its Articles of Association. In the event of the company being wound up members are required to contribute such amount as may be required (not exceeding £1 }. The directors of th8 company are also charity trustees for the purposes of charity law and under the company's Articles are known as members. Under the requirements of the Memorandum and Articles ofAssoGiation the bngesl Se￿ing members ￿ti￿ and may offer themsefves for rfrelection at the Annual General Meeting. The Trustees seek to ensur8 that the n8eds of this group are appropriately refiected through the diversty of the trustee bcmjy. To enhance the potential pool of twstees. the charity has. through advertising with the Volunteer cent￿ Camden and neiworking with local groups. soughl to expand its skills8t and experien￿1. ductlon and tralnlng of tr￿t• Potential new Trustees are invited to attend a short training session with the Project Director of the charty to familiarise themsefves with the charity and the context within which it operates. They are then invited to attend three General Meetings to leam more about the charity and its operations. Finally, they are invited to join the board. New Trustees are given a copy of the Memorandum and Articles, the latest financial statements and the p￿VIouS Annual Report. New Trustees are supported by the Chair, other Trustees and ad hoc meetings with the relevant Project Director. Oryanl•atlonal •lructur• The company was incorporated on 28 October 1997 as a charitable company limited by guarantee and not having a share capital. Its members are such persons adrnitted to membership by the Trustees. At present the Trustees a￿ the only members of the Company. A scheme of delegation is in place and day to day responsibilty for the provision of the sep4ices rests with the CEO. The CEO is responsible for ensuring that the charity delpiers the SerV￿*S specifbed and Ihat key performance indicators are met. He Is also responsible for operats'onal management of Dragon Hall, SoapBox and all projects, individual supervision of staff and ensuring that the team continue to develop thelr skills and working practices in-line with best prackn. Docu5tqn Envelope ID". 43F9384&C121431S80EPAIFD964225409 COVENT GARDEN DRAGON HALL TRUST T￿￿t•￿' R•port for th• y•ar •nd•d 31 March 2025 In so far as it is complementary to the charty's objects. the charity is guided by both local and national policy. The charity is a member of Camden Community Centres. Consortium, an organisation made up of 20 community centres in the London Borough of Camden whose purpose i8 to improve the quality of life for Camden residents. tackling key issues and seeking engagement from all members of the community and other voluntary sector organisations. Rknk m•nag•m•nt The risk management strategy includes an annual review of the risks related to govemance. operation, finance an(J litigats'on and establishment and implementstion of procedures to mitigate and minimise impacts. Significant extemal risks to funding have led to the ￿viSIon of our business plan and funding strategy to encourage diversification of funding and activities. Fln•n¢l•l r•vlv* Conllng•ncy Fund• PoNcy The Trustees consider it appropriate to aim for operating reserves to keep the Charlty operating for a period of 4 months in the evenl of a fijnding faI￿out. This Lqrget will be reviewed each year and adjusted rf needed. The contingency funds at the 31 st March 2025 are £254.734 (2024.. £225.866). We calculate, with cu￿ent projects. delNery and expenditure, a target of 6 months of contingency funds is optimum, which comes to a value of £377.118. D•slgnat•d Fund• The trustees have reviewed the sustainabilty of the charity in conjunction with the Risk Register and have identffied areas where the establishment of Designated Funds would be advisabte. Uncertainty over future funding in a changing and challenging funding landscape necessitates the need for an effective and considered growth strategy. This includes ￿vISion of the mission statement. exploring dMor patterns. expanding fundraising tactics. optimising marketing. and establishing further development work with other charities. This Designated Fund will help us research, understsnd and address the root causes of social problems and develop innovative solutions lo address them. It is thè natural and necessary expansion of innovative work and sedor expertise which Covent Garden Dragon Hall Trust has developed since 2012. Research will consider the effectiveness of our programmes and services and help us to identify ar8as of development which improve the breadth. scope and qualty of our provision. DO￿$￿j￿ Envekipe ID.. 43F9384&C121431MOEWD964225409 COVENT GARDEN DRAGON HALL TRUST Trusteo•' Roport for tho yoar end￿ 31 March 202S Soclal and Dlgltal Exclu•lon - since 2012. Covent Garden Dragon Hall Trust has supported the most socially and the mosl digitally excluded children, young people and over 55s. Building on our nationalty recognised work in this area. research will explore the access to skills. knowledge. resources and connections that socially excluded people require to avoid or minimise the double helix of exclusK)n (where the most socialty exduded are also the most digitally &xclud8d) and then develop provision which moves people towards social and digltsl Inclusion. H•alth & W•llb* - this e￿rnent will see research into. and development of. Early Help, InteNention and Prevention approaches across Covent Garden Dragon Hall TrusY5 work (from children up to older people). with a particular focus on promoting positive mental health. encouraging healthy behaviours and creating partnerships and pathways that support individuals andl or groups who face multiple or complex needs L•arnlng for - eM￿OY1ng research and participatory engagement toolsl approaches to examine and then CO•produce solutions that support: the key transFtK)n polnts from primary to secondary 8ducation and from adolescence to adulthood; ¥r those who are underrepresented in the workft)rce andl or specific sectors {disabled people: care leavers. over 55s 8tc) to build the requisite workplace capabilities. soft skills and resilience; the use of digital technologies to facilitate th8 development of sp8cialFSt and higher level skills" *r Staff to understsnd and use innovations eg Artificial Intelligence that reduce workload pressure and enhance the effective and efficienl dellvery of services: • All•vlatlng locall••d d•prlvaUon l••uw - there are a number of key areas of need andl or deprivation which are particularly relevant to the geographical area that Covent Garden Dragon Hall Trust supports: the lack of affordable community. education and leisure facilities. the lack of green spaces. *( overcrOv￿inQ and associated housing issues. This strand will focus on resear¢h which highlights the key drivers that created these issues and then co4esigns Covent Garden Dragon Hall Twsfs programmes and seN1￿$ which begin to address them. As noted above. these represent {when viewed through both intemal and extemal lenses) recognised areas of knowledge. experience and expertise. And. in focuslng on these. the Truslees acknowledge that there is an opportunty to invest in them further. with a view lo future income generation and long- term sustsinabilty. Do¢uslgn Envthpe ID: 43F93a4P￿l2l43l￿0E1AFD964225409 COVENT GARDEN DRAGON HALL TRUST TnMteM' Roport for tho year ondod 31 IAarch 2025 Slnklng Fund, Tralnlng and L•gal•: Allocat• £140.1 We also need to re-calculate the following exceptional costs and set aside Designated Funds lo cover them.. Maintenance (Sinking Fund} for two dedicated dellvery locations (Dragon Hall in Camden and SoapBox in Islington) Front of building Boiler and air conditioning replacement Main Hall Floor Legal & Professional: Lease ￿neWa1 Recruitment Fees Staff Training These are in addition to the four months. contingency funds. The trustees (who are also directors of the charitable company for the purFoses of company law) are responsible lor preparing the trustees. annual report and the financial statements In accordance wtth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to p￿pare financial statements for each financial year that give a true and fair wew of the state of affairs of the charitable company and of the incoming ￿soUrceS and application of resources. including the income and expenditure, of the charitsbb8 company for that period. In preparing these financial statements. the trustees are required to.. • Select suitable accounting policies and then apply them consistent • Observe the methods and principles in the Charities SORP • Make judgements and estimates that are reasonable and prudent • State whether applicable UK Accounting Stsndards and statements of recommended practice have been followed. subject lo any material departures disclosed and explained in th8 financial statem8nts • Prepare the financial statements on the going ccmcem basis unless it is inappropriate to presume that the charity will continue in operatbon The trust88s are responsible for keeping proper accounting records that disdose with reasonabl8 accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also ￿sponSible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustee5 are responsible for the maintenance and integrity of the corporate and financial information includ8d on the charitable companys website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictK)ns. The trustees have no beneficial interest in the charity. Do¢u$ign Emielope ID.. 43F9384￿I2I43I￿0Ef￿FDs6422s409 COVENT GARDEN DRAGON HALL TRUST Tru8taM' R•port for tho yoar ondad 31 March 2025 stat•m•nt a8 to dl8clo•ur• to our audltorn In so far as the trustees are aware.. • The￿ is no relevant audit infomTrtion of which the charitable CoMpan￿S audiiors are unaware. and • The Irustees have taken all steps that they ought to have tsken to make themselves aware of any rdevant audit infonnation and to establish that the auditors are aware of that infomiation. Audltor• Goldwins Limited were re-appointed as the auditors of the charitable company during the year as the resutt of an invitation to quote process. They have expressed their willingne5S to continue in that capacty. The trustees, annual report was approved by Ihe trustees on . their behalf by.. , 2025 and signed on ) Jtl7lk4CI S Vlnc•nl Docu$￿Tr Envelope10: 43F938￿Cl2t43lmoE&OFDw225409 Ind•p•ndont Auditorf• Roport To th• mwnborn of Covent Garden Dragon Hall Trust Oplnlon We have audited the financial ststements of Covent Garden Dragon Hall Trust for the year ended 31 March 2025 which comprise the Statement of Financial Aclivities, the Balance Sheet, statement of cash flows and the related notes. The financial ￿porting framework that has been applied in their preparation is applicable law and United lQngdom Accounting Standards. including Financial Reporting Stsndard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom G8nerally Accepted Accounting Practice). Oplnlon on flnancknl In our opinion the financial stslements: give a true and fair view of the state of the Charilab￿ company's affairs as at 31 March 2025 and of its income and expenditure for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have b8en prepared in accordance with Ihe requi￿rnents of the Companbes Act 2006. Ba•lB for oplnlon We conducted our audit in accordan￿ with International Stsndards on Auditing {UK) {ISAs (UK}) and applicabl8 law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are indèpendent of thè Charity in accordance with the ethbcal requirements that are relevant to our audrt of the financial statements in the UK. including the FRC'S Ethical Standard and w8 have fuffilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden￿ we have obtsined is sufficient and appropriate to provKle a basis for our opinion. In auditing the financial statements, ￿ have concluded that the trustees. use of the going concern basis of a¢￿Unting in the p￿paratIOn of the financial statements is appropriate. Based on th8 V￿rk we have perfomied. we have not idenlified any material uncertaintbes relating to events or conditions that. individualty or collectively. may cast significant doubt on the charity's ability to continue as a going concern for a period of at least iwelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilibes of the directors wilh respect to going concern are described in the relevant sections of this ￿pOrt. Oth•r Infornxt The trustees are responsible for the other infonnalion. The 0th8r infomiation comprises th8 information included in the annual report other than the financial ststements and our audltor's ￿port thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Docusign Envelopè ID.. 43F9384&C121431MOEMFDW225409 Ind•pond•nt AuditoV• Report To tho momborn of Covont Gardon Dragon Hall Trust In connection with our audit of the financlal statements. our ￿SponSibl11ty is to read the other infomiation and, in doing so. consider whether the other infonnation Is materially inconsistent with th8 financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstat8d. If we identify such material inconsistenGies or apparent material misststements. we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other infomiation. If. based on the work we have perfornied, we conclude that there is a material misststement of this olher infomation. we are required to report that fact. We have nothing to report in this regard. Oplnlon ￿ oth•r matt•r pr•Krfb•d by th• Compnlw 2006 In our opinion. based on the work undertaken in the course of the audiL' the infom)atlon given in the trustees. report (incorporating the directors, report) for the financial year for which the financial statements are prepared is consistent with the financial ststements. and the trustees, report (incorporating tpe directors, report) have been prepared in accordance with applicable legal requI￿rnents. IAatl•r• on vthlch w• •rn r•qulr•d to r•port by •xe•plkn In the light of the knowledge and understanding of the Charlty and ts environment obtained in the course of the audit. we have not identified material misststements in Ihe Trustees, Annual Report. We have nolhing to r8POrt in respect of the following matters where the Companies Act 2006 requires us to report to you rf. in our opinion: adequate accounting records have not been kept or retums adequate for our audit have not been recebved from branches not visited by us: or the financial ststements are not in agreemenl ￿ryth the accounting re￿rdS and returns,. or certain disclosures of trustees. remuneration specified by law a￿ not made. or we have not recer¥ed all the information and explanations we require for our audit. As explained more fully in the Trustees. Responsibilities Ststement, the trustees (who are also the directors of the Charitab￿ company for the purposes of company law) a￿ responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view and for such internal control as they deterynine is necessary to enable the preparats'on of financial statements that are free from material misstatement. whether due to fraud or error. Docusi9n Envelo￿ ID: 43F9384&C121431MOE&OFD964225409 Indopond•nt Auditovs Report To tho memborn of Covont Gardon Dragon Hall T￿￿t In preparing the financial statements. the truste8s are r8sponsible for assessing the Charity'5 ability to continue as a going concern, disclosing. as applicable. matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic atternative but to do so. Our r••pon•lbllltl•• for th• awlLI of th• fln•ncW •latwn•nts Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to tssue an audltorfs report that includes our opinion. Reasonable assurance is a hiJh18vel of assurance. but is not a guarantee Ihat an audit conducted in accordance with ISAS (UK) will always detect a material misststement when it exists. Misstatements can arise from fraud or error and ar8 considered material rf, individualty or in the aggregale. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities. induding fraud. are instances of non-complian￿ with laws and regulations. We design procedures In line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of delecting irregularities. including fraud are s8t out bek)w. In identifying and assessing risks of material misstatement in r8SP8Ct of irregulartties. including fraud and non-compliance with laws and regulations, our procedures included the following: We enquired of management, which included obtsining and reviewing supporting documentation, concerning the chariWs policies and procedures ￿lating to: Deteding. evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance. Detecting of the risks of fraud and responding whether they have knowledge of any actual or suspected fraud. The internal controls in place to mittgate risks related to fraud or non-compliance with laws and regulations. We obtained an understsnding of the legal and regulatory framework that the charity operates in, focusing on those laws and ￿gUlatiOnS that had a material effect on the financial statements or that had a fundamentsl effect on the operats'ons of the charity from our professional and sector experience. We performed analytical procedures to detect any unusual or unexpected relationships that may indicate risks of materlal misstatement due to fraud. Because of the inherent limitstions of an audit. there is a risk that we will not detect all irregularities. including those leading to a material misstatement in the financial ststements or norFcompliance with regulation. The risk is also greater regarding irregularities occurrtng due to fraud rather than error. as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is k)cated on th8 Financial Reporting Council's webstte al: [wNw.frc.org.uklauditorsresponsibilities]. This description fonns part of our auditor's reporL -10- Docustgn Envdop8 ID: 43F9384￿I21431HOEff￿lFD96422s4Og Ind•pond•nt Audltorfs R•port To the momborn of Cov•nt Gard•n Dragon Hall Trust UM of (wr r•port This report is made solely to the charitable company's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's m8mb8rs those matters we are required to stste to them in an auditorfs report and for no other purpose. To the fullest extent pennitted by law. we do not accept or assume responsibility to anyone other than the charty and the charity's members as a body. for our audit work. for this report, or forthe opinions we have fomied. Anthony Epton (S•nlor 8tatsrtory Audttorl for and on b•haif of Goldwkn• Lknlt•d Statutory Audltor Chart•r•d Accountants 75 Maygrov• Road Wtst H•m•d 2 December 2025 -11- Do¢v$ign Envelope ID.. 43F9384&C121431MOEMFD964225409 Covent Garden Dragon Hall Tr￿t statsm6nt of flnanclal athlll81 (incorporating an income and expenditure account) For tho year ended 31 PAarch 2025 2024 Totsl funds Total fund• funth nd• Incom• Irom: Donations Ch8ritsble activities other trading activities Inveslmont incA) 21,850 440.766 105.291 1.041 21.850 711.118 105.291 19.245 631,271 99,796 1,119 270,352 Totsl In¢om• 568.948 270,352 751.431 Exp•ndllurn on: Charitable activibes: 445,473 308,no 754243 752.000 Tolal •xp•nd￿r• 445,473 308.770 754343 752.000 Ng1 InMmo11oxp•ndllur•) forth• y•ar 123.475 (38,418) 1589) Transfers between fund$ N•t Incom• l (expond￿r•} bofor• othor r•Co￿ls•d galm and IoM8• 123.475 {38,418) {569) Gain$ l (losses) on rgvaluation of fixed assets Not movomont In l￿dI 123,475 (38.418) 15691 R￿O￿l11allon of f¥nd•: oiai wnos Drougni Torwaro 226.202 254,387 481,158 349.677 215,%9 480,589 All of the above results arn derived from ¢ontinuing activities. There were no other recognised gains or l¢)s¥es other than those stated atx>ve. The attached notes fom) part of these financial ststements. 12 Docu5Nn Envelopo ID.. 43F93848£12143l￿0EI￿IFD9642254O9 Covent Gard•n Drngon Hall Trust Balanc• shoot As at31 March 2026 2024 2024 Tangible assets 10 336 336 Debtors Cash at bank and in hand 11 30.610 666N17 697.027 14.409 547,890 562.299 Llabllltl••: Creditors: amounts falling due within one year 12 31W1 82.046 480,253 Total n•t a•••ts 480,589 Fund• Restricted funds Unrestricted funds". General funds Total unrestricted funds 15 215m9 254,387 349,87T 226.202 349.677 226,202 Total fund• 480,589 The financial slatements have been prepared in accordance with the special provisions for small companies under Part15 of the CoMpan￿S Act 2006. Approved by the truslees on ... and signed on their behalf by: nc•nt The attached notes fonn part of the financial statements. 13 DocuS￿Jn Enveh)po ID.. 43F9384&C121431MOE&OFD964225409 Covent Garden Dragon Hall Tnwt statemont of cash flovr For tho year onded 31 March 2025 2024 2024 Net cash provided by l {used in) operating activities 16 18.527 81,927 Inl8resU renv dividends from investments PrO￿edS from the sale of property,plant and equipment Salel (purchase) of fixed assets Ca•h provld•d ty l (u••d In) Inv••llng actlvldw Ch•ng• In and ca•h •qulval•nl• In th• y•Ar 81,927 Cash and cash equivalents at Ihe beginning of the year 647 465,963 Ca•h and M•h •qulval•nts at th• •nd af th• y•ar 17 666h17 547,890 14 Docu5pJn Envelopè ID: 43F9384&C121431MOEfAJFD964225409 co￿nt Gardon Drngon H￿1 TnMt Not•s to tho flnanclal statsmth For the y•ar ￿ded 31 •Aarch 2025 1 Ac¢ounllng polkJ8• a) Ba•1• of pr•parnllon The financial statements have been Fryared in accordance ￿￿th Accountiry aThJ RewrbrwJ by Charibes: Statement of Recommended PraC￿e applicable to charibes preparing their accounts in accordan(* with the Financial Reporting Stsndard applicable in the UK and Repubkc of Ireland {FRS 102 - effective 1 January 2015) - (Charitss SORP FRS 102> and the Companies Act 21XJ6. The charilable company meets the definition of a public benefft entity urKler FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othefwise stated in the re￿vant accounting policy or nole. bl Golng ¢•xK•rn The trustees consider that there are material uncertainties abLMrt the charitab18 CoMpan￿S ability lo continue as a going em.The trustee5 do rK>t ￿nSider that there are any sources of estimation uncertainty at the reporting date that have a signlficant risk of causing a ma18rial a4'ustment to the carying amounts of assets liatmlities wthin the next rew)rting p8ri0d. c) In¢om• Income is recogni50d when the tharity has enbtlemont to the funds. any perfomian¢e conditions attathgd to the incorne have been met. il is probable that the income will be received and that the amunt can be measured reliably. Incomo from govemment and other grants, whether 'capital' grants or 'revenue' grants, is reco3ni$9d when the charity has entitlement lo the funds. any perfcKmance conditions attached to the grants have been ￿1. it is probable Ihat the income will be recwved and the amount can be measured reliabty aThJ is not deferred. Income received in advance for Ihe provision of specrfied seniice 18 deferred until the uiteria for Ir￿ recognition are meL For legacies. entiuernenl is tsken as the eadw of the date on which either. the d￿rity is aware that prDbate has been granted. the estate has been ffinalised and notification has been made by the executor{s} to the charity that a dsstribution will be made, or when a distribution is received from the estate. Receipt of a legacy. in vthole or in part. is only considered probable when the amount can be measured ￿liablY and the charity has been notif￿ of the executorfs intention to make a distribution. Where legacies have been notified lo the tharity, or the tharrty is a*7re of the granting of probate. and ts criteria for incorne recognition have not been met. the legacy is a trealed as a u>ntin9ent asset and disclosed rf material. d) Donatlon• of glN•. ••Thk•• and l•¢llll•• Donated professional services and donated facilities are re￿nised a$ income ￿en the charity has Control over the item or received the service. any tonditions assocrdted with the donation have been met. Ihe receipt of eeonomic benefit from the use by the charity of the it8m is probat￿e and that economic benefft can be measured reliably. In accordance vilh the Charities SORP {FRS 102). vdunteer timo i* not r¢t4wised so rèfer to the trusttts. annual Trpjrt for more infornation about their contribution. On receipt. donated gifts. professional services and donated facilibes are re￿gnised on the basis of the valve of the gift to the charity which is the amount the charity woukl have been willing to pay to obtain sgrvices or lacilities of equivalent economic benefft on the open market.. a corresponding amunt is then recognised in expenditure in the pemd of receipt. Interest on funds hdd on d8POSit is I￿1￿led when receivabl8 aThl the amount can be measured reliably by thg charity., this is normally upon notification of ts interest paid or payable by Ihe bank. fj Fund •¢¢ounll Unrestricted funds are available to S￿nd on activities that further any of the purp)ses of tharity. Designated funds are unrestricted funds of the charity which the trusle8s have decided al their discretion lo set a￿de io use for a speofic purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the tharity's work or for specific projects being undertaken by the charity 15 Do¢usign Envelope ID.. 43F938￿l2l43lu0E1A1FD96422$4og Covant Gafdon Dragon Hall Tru•t Not88 to tho flnanclal •tat•m For th• year ￿ded 31 Ilarch 2025 l A¢¢ountlng polkl88 (coThOnwd) g) Eyndllurn and Ivrnc¢)v•rnbl• VAT Expenditure is re￿nised once ihere ts a legal or constiuclive obligatmin to make a pa￿ent to a third party, it is probab18 that setuement wll be required and the ￿(￿nt of the obligation can be measured reliatly. Expenditure is classified under the following activity headings: Costs of raising funds cunprise oftrajing costs the (y)sis incurred by the charitable wmpany in indwng third parties to make voiuntary contribubons lo it, as well as the cost of any acti¥ibes with a fundraising purpose. Expenditwe on Charitab￿ activities indudes the costs of delivering activibes undertaken to further the purposes of the charity and Iheir assooated supwrt costs. Other expeTrJiture represents those ilems not falling into any other heading. Irrecoverable VAT is charged as a against the adivity for vthich the expenditure was incurred. h) Allooallon rf•upport ¢o•ts Support costs are those functions that assist the work of the charity but do not direcuy undertake charitable ¥tivitie$. Support sts includg bad( office costs, finance. pwsonnel. payroll and govemance costs which supp)rt the charity's activities. These costs have bean allocated between ¢0st of raising funds and expenditure on charitable activities. The bases on which support costs hove been allocated are set out in rw)ts 6. Op•ratlng l•ts Rental charges are charged on a straight line basis over the term of the 18ase. J) Tanglbh Ilx•d a•••ts Items of equipment are capilalised wthero the purchase price ex(wds £1.000. Depreciatlon is provided at rates ¢alculated to write down the cost of each asset to its estwnated residual value over its expe¢l￿ useful lrfe. The depreciation rates in use are as follows.. Land and buildings Plant and machinery etc. year5 Straight line over 5 years and Straight line over 3 yews k) Stock• Stock is included at the lower of ￿5t or net realisable value. Donated items of stThnt expensed Entertairvnont Sybsu¥>bDns 7.161 837 24,849 33.924 9,924 670 25.49) X377 1&987 781 11>93 150 1.478.Tr) Legal fe8s & pr¢*swJnal fets A￿itOrs. rernunerthn 8¢￿k80￿n9 Con$thry fBes Manag8m8ntaThJ staffng wsts 6,900 14.04 3,808 1248 3.330 659.136 19.418 9.748 1•A1• 1.74B 2,576 211.078 211.078 1211.078} 7$2.￿ Tclgl exp8ndtture 2023 659.1 659.136 Olthe total 8yndbJro. U38.614 wr8strficW12023'. t3￿.$16) £313,386 w8$ (2023.. £298.620). 18 Docusljn Emiebp• ID.. 43F9384&C121431>80EMFD96422S409 co￿nI Ganl•n Drngon Hall TnNt Nots• lo th01kn4nclal •tat8m•nts Por lh• y•ar •nd•d 31 Atsrch 2025 Iirt Inc4%n• l (•yp•ndknn) forth•y•w This is staled after charying I l(xedrbngl: 2024 Depreaation Auditorfs r8muneTabon: Audit lee5 2.576 5,750 staff costs were as follows.. 2024 SoLqri•s and w890S Sooal security costs Empwrfs contribu￿On to d8fin•d contrltth pension schem8s 324.993 23.253 4.893 353.139 No employe8 received eryybyeé bonofts (oxduthThJ •nOoy¢r pwsion) of o¥w £60.Cth. The totBI grnployee bon8frts inctuding pens￿￿ cOntribut￿S ornpWr nat￿nal wNirarKe Contritr￿l1onS otthe key managomont porsonnd w¢r¥ £57,64212024: £114,655). The charity tr￿ worg not pakl or recefved ￿ benefits from empl(ryment with the Ch￿ty in the year (2024: Nill. Tho avwago nUM￿r cl {l)•ad ecwnt based on numL*rofst8ff ernpWI durirg th8 y88rw88 as follm: 2024 Youth worke Old$r pw)ple sbtwker AdministratK)n aThJ SUPFrfYt 12 g Tax•Uon Thg ¢harrtaNe wnpary is exempt from C0rrxxatiL￿ tax a5 all its ina)mb is Ch￿Ilabl￿ and iy appli&J ¢haritable pu￿. 19 Docu$wJn Envelopè ID: 43F938￿12l431moE&oFD￿5409 Cov•nt G•Nl•n ttyon Hall TTh￿t Nots• lo th• flnanc￿l Statwnonts For th• y•Ar •nd•d $1 PAarch 2025 10 T*rylbl• Ilx•d LaNI and Psanl and buildir)gs Maclmnory etc Tatsl At the ¥tsrt olth¢ yoar AdditSons in y*ar DisposaL8 in At the end oflhe y￿r 91.JJ2 {13.￿} 9.287 13,501) 17,823 8.536 At th8 Start ofthe yaar Chaige for the year Eliminated on disFa>sal At the ol th& y6ar 8.536 113.S)9} 9287 &S09} 17m3 8.536 Ikl book v•k Atth• •nd ofth• y•v At th8 start oftha ￿ar 336 336 All of the atrrn assets are Us￿1 for tharitsb￿ wrpws. 2024 Trade debtOfS other debtors 14,194 215 14.409 12 Cr•d*ty¥: •nourt•tslAry kn Th*bln •Jn• y•v 2024 Trade ueditoT8 Taxation aThJ sLKid sacurity Accruals Other ¢rgdSto 20,709 7.625 11,220 42,492 82.046 11.220 31J81 20 DOcus￿n Emielow ID: 43F9384￿I2l431H0E1￿FD9s422s409 Cov•nt Gard•n thgon Hall Tru•t Not65 to th• flnanclal 8tat•m•nts For tho y•ar •ndod 31 March 2025 13 P•nth xh•m• The charity op•r8tos a defined cA)ntribut¥)nS F￿n$￿￿ s(*Th. TangIb￿ assots Nel current assets Net atth• •nd alth• y 349.677 215,969 General Tangib￿ fixad 8ss•ts Nel curront assets at th• •nd dth•y•w 336 254,387 254.387 400363 226.202 16 Al0v•M￿ In fuThl• Incomir¥J Outgoin9 At the start of rnSOu￿ & resources & thè y￿r gains lo￿$ th• •nd of Ih•yw T1￿$fOr$ London Borough of C8fftlen, trust and foundation grants and oth8r grants T¢>tal rnstrlct•d funds 254.387 270.352 1308.7701 215,969 G¢neTal funds 226.202 568.948 {445.473) 349.677 Incoming Outgoing At t￿ stsrt of r•SwI￿ & resour￿$ & the year gain$ ss&s At th••nd ol Trdnsfws London Borough of Carnden, trust and frjundation grants and other wants Total rnstrl¢t•d fund¥ 253.146 263,1 314.627 311027 {313.386) 2M,387 254J87 Um•trf¢tsd fund*: Gèn8r81 fuThYs 228,012 436,804 {438.6141 226.202 228.012 436.804 1438,6141 226.202 London Borough of CarrKl8n to fijnd various schemes run by tho tharity the Dirnctorfs salary. Lonth)n Bon)uyh of Isliroton This fijnd Tepre58nts grants from London Borwh of Isllnglon to fvnd the Soapbox Youth Centro. Drwn Hall Trust vAyn a tendor IslSrW to run SoopBox, Y￿th centr• forthoso aged 13 to 24. Thls ¢entro OFfjn￿ in S¥pt•m￿r 2017. Dragon Hall had a lease and fundirwJ to 2020. Dragon Hall Trust *¥)n a tgndgr to ¢arry on th¢ ruftnirtg of Soapbox on a 15 year contract Tru$VFoundation Grants Th1$ fimd grants from frx4ndati(Th. Other Grants AM other grants used to Fund comrnunity woiects. 21 DO¢Us￿n Envelope ID: 43F9384￿12143lmoEff￿FD964225409 Cov•nt Oardon Drngon Hall Thmt Notsj lo tho flnanclal statomonts For th• yoar •nded 31 IAarch 2025 2024 M•t Inoom•l (•ypwdlurn) forlh• r•portlw pwlod DepreciatK)n Iln¢ro8sgy do¢ro0$0 debtors Incroas81 Idecraas81 in cr8ditors 14•t c#h wovld•d by l {uMd In) xtlvltl•s {1W) 44952 81.927 17 An*•l• of ¢A•h •nd ¢a•h •quTrnl•nt• At 1 April 2W24 Cash Ik)¥￿ othor ¢*a)99S At 31 IAw¢h Cash at bank and in harrtl 547.890 18,527 5efj.417 547 66V17 18 L•M•lstkn of lh• ¢h¥*y Thè tharity 1$ 8 ¢ompHny Smitsil by guarantee arKI has no share r*al. Eac* member is lith to corthbute a sum not exceeding £1 in the event of Ihe tharity b8iThJ Wc￿nd up. During the y•ar Ihoro ha￿ bwn varfous tranSaC￿nS 7Mlh (elatod pa￿•s. ￿ such I￿￿tiCI1￿$ htt￿ bèÈn $pwov•l by tho Board ofTru$teos before being entered into. Dragon Hall 18 rentsd frryn the Lonck)n Borough cl Camd•n, of which Ms Sug Winc8nt is an of8clod Ccx¥Killor. for a peppercom rènL Th8 rental is covarsd by 8 25 y¢8r lea￿ rJ8twJ 26th Juty 2005. The London Borough of Cwnden i% a maicff sourco ofgrant incom for th8 dlarfty. During th• yw to 31st Mareh 2025 grdtts wèrè rèeèivèd totallirvJ £50.00012024-. £45.0001.