Dallow Development Trust Limited
Charity No. 1088329
Company No. 04121285
Trustees, Report and Unaudited Accounts
31 March 2025

Dallow Development Trust Limited
Contents
Pages
Trustees, Annual Report
Statement of trustee responsibilities
Independent Examiner's Report
Statement of Financial Activities
2to3
Summary Income and Expenditure Account
Balance Sheet
Notes to the Accounts
9t014
Detailed Statement of Financial Activities
15to16
Page I

Dallow Development Trust Limited
Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the unaudited financial statements of the charity for the year ended 31
March 2025.
REFERENCE AND ADMINISTRATIVE D￿All5
Company No. 04121285
Charity No. 1088329
Registered Office
Dallow Development Trust Ltd
The Dallow Centre
234 Dallow Road
Luton
LUI ITB
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year-
D. Ali
G.1. McKetty
M.A. Shaw
A. Ustun
(Resigned 31 July 2024)
Company Secretary
H. Ahmed
Accountants
AFE Accountants Limited
Building 3,
North London Business Park.
New Southgate,
London
NII IGN
OBJEcfivES AND AcfiviTIES
Public benefit
In setting our objectives and planning our activities the trustees have considered the Charity Commissions
general guidance on public benefit. The trustees consider that the objectives for the current year satisfy this
guidance.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011
to have due regard to the public benefit guidance published by the Charity Commission for England and
Wales.
Page 2

Dallow Development Trust Limited
Trustees Annual Report
Structure• governance and management
Organisational structure
Constitution
Dallow Development Trust Ltd is a registered charity and a company registered in England by guarantee. It
was incorporated on 4 December 2000 and is governed by its memorandum and articles of association.
Organisational Structure
The charity is wholly UK based with its head office and projects based in Luton, Bedfordshire. The trustees
meet regularly during a period to determine the policy and strategy of the charity. The centre's management
is carried out by members of staff who are given responsibility by the trustees for the day-to-day decision.
The charity is responsible for the day to day activities of the The Dallow Centre. The trustees of the company
who served during the year are listed with the legal and administrative details. Policy and strategy are
decided by the Board following consultation with staff. Decisions regarding daily of services in line with board
decisions are delegated to The Dallow Centre, Centre Development Manager and staff. Trustees expect staff
to keep them informed of potential opportunities and challenges which may lead to new developments.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the
charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to
the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the
Charities SORP IFRS 102).
Signed on behalf of the board
G.1. McKetty
Trustee
10 November 2025
Page 3

Dallow Development Trust Limited
Statement of Trustee Responsibilities
The trustees (who are also the directors of Dallow Development Trust Limited for the purposes
of company law) are responsible for preparing the trustees, report and the financial statements
in accordance with the United Kingdom Accounting Standards {United Kingdom Generally
Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year.
Under company law the trustees must not approve the financial statements unless they are
satisfied that they give a true and fair view of the state of affairs of the charitable company and
of its incoming resources and application of resources, including its income and expenditure,
for that period. In preparing these financial statements, the trustees are required to:
-select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities 50RP;
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed. subject to any
material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to
show and explain the charitable company's transactions and disclose with reasonable 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 responsible 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 Dallow Development Trust continues to make a positive impact on the local community by
providing both educational and recreational activities at The Dallow Centre with our partners in
both the voluntary and statutory sectors, creating cohesive communities amongst the diverse
residents that reside in the area. The Dallow Centre is the central hub within the Dallow Ward,
which is accessed by a number of charitable organisations for various charitable events, in
order to fund raise for both national and international causes. This provides the Trust further
opportunities to build their capacity in terms of multi-agency work and 3t the same time raising
our profile locally, nationally and internationally.
Approved by the trustees of the charity on 10 November 2025 and signed on its behalf by:
Mr Gary lan McKetty
Chairman
Page 4

Dallow Development Trust Limited
Independent Examiners Report
Independent Examiner's Report to the trustees of Dallow Development Trust Limited
I report to the charity trustees on my examination of the financial statements of Dallow Development Trust
Limited for the year ended 31 March 2025.
Responsibilities and ba515 of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of
your charity's financial statements as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l.
In carrying out my examination I have followed the Directions given by the Charity Commission under section
145{51 Ibl of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe:
accounting records were not kept in accordance with section 386 of the 2006 Act . or
the financial statements do not accord with those records- or
the financial statements do not comply with the accounting requirements under section 396 of the 2006
Act other than any requirement that the financial statements give a 'true and fair, view which is not a
matter considered as part of an independent examination: or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Adam Feyzi FCCA
AFE Accountants Limited
Building 3,
North London Business Park,
New Southgate,
London
NII IGN
10 November 2025
Page 5

Dallow Development Trust Limited
Statement of Financial Activities
for the year ended 31 March 2025
Unrestricted
funds
Restricted
funds Total funds Total funds
2025
2025
2025
2024
Notes
Income and endowments
from:
Investments
1,002
184,865
1,002
184,865
1,002
177,330
Other
Total
185,867
185,867
178,332
Expenditure on:
Other
186,128
186,128
179,367
Total
186,128
186,128
179,367
Net gains on investments
Net expenditure
(2611
12611
11,0351
Transfers between funds
Net expenditure before other
gains/{losses)
(2611
12611
11,0351
Other gains and losses
Net movement in funds
(2611
12611
11,0351
Reconciliation of funds:
Total funds brought forward
88.477
1.041.739
1,130.216
1,131,251
Total funds carried forward
88,216
1,041,739
1,129,955
1,130,216
Page 6

Dallow Development Trust Limited
Summary Income and Expenditure Account
for the year ended 31 March 2025
2025
2024
Income
184,865
177,330
Interest and investment income
1,002
1,002
Gross income for the year
Expenditure
185,867
178,332
168,639
162,786
Interest payable
186
287
Depreciation and charges for
impairment of fixed assets
17,303
16,294
Total expenditure for the year
Net expenditure before tax for the year
186,128
179,367
{261)
(1,035)
Net expenditure for the year
{261)
{1,035)
Page 7

Dallow Development Trust Limited
Balance Sheet
at 31 March 2025
Company No. 04121285
Notes
2025
2024
Fixed assets
Tangible assets
1,035,394
1,035,394
1,044,438
1,044,438
Current assets
Debtors
Cash at bank and in hand
io
993
895
120,933
121,926
(26,2011
95.725
115,541
116,436
125,4211
91,015
Creditors: Amount falling due within one year
li
Net current assets
Total assets less current liabilities
1,131,119
{1,1641
1,135,453
15,2371
Creditors: Amounts falling due after more than one year
Net assets excluding pension asset or liability
12
1,129,955
1,130,216
Total net assets
1,129,955
1,130,216
The funds of the charity
Restricted funds
13
Restricted income funds
1,041,739
1,041,739
1,041,739
1,041,739
Unrestricted funds
13
Designated funds
88,216
88,477
88,216
88,477
Reserves
13
Total funds
1,129,955
1,130,216
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small companies.
For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 10 November 2025
And signed on its behalf by:
G.1. McKetty
Trustee
10 November 2025
Page 8

Dallow Development Trust Limited
Notes to the Accounts
for the year ended 31 March 2025
l Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective I
January 20151 (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
Designated funds
Revaluation funds
Restricted funds
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Income
Recognition of
income
Income is included in the Statement of Financial Activities ISOFAI when the charity
becomes entitled to. and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services
These are only included in income {with an equivalent amount in expenditure)
and facilities
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/llossesl on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/llossesl on
investment assets
This includes any gain or loss on the sale of investments.
Page 9

Dallow Development Trust Limited
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attracting voluntary income, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
These are support costs not allocated to a particular activity.
Grants payable
Governance costs
Other expenditure
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life:
Leasehold property
Computer equipments
1% Straight line
33% Straight line
Furniture & fixture
25% Reducing
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of financial position. bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Page 10

Dallow Development Trust Limited
Notes to the Accounts
Receipt of donated goods. facilities and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Financial Artivities- prior year
Unrestricted
funds
Restricted
funds Total funds
2024
2024
2024
Income and endowments from:
Investments
1,002
177,330
1,002
177,330
Other
Total
178,332
178,332
Expenditure on:
Other
179.367
179,367
Total
179,367
179,367
Net income
{1,0351
11,0351
Net income before other
gains/{losses)
Other gains and losses:
Net movement in funds
{1,0351
{1,0351
{1,0351
11,0351
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
89,512
1,041,739
1,131,251
88,477
1,041,739
1,130,216
4 Income from investments
Unrestricted
Total
Total
2025
2024
Bank interest receivable
1.002
1,002
1,002
1,002
1,002
1.002
5 Other income
Unrestricted
Total
Total
2025
2024
Rental income
184,865
184,865
184,865
184,865
177,330
177,330
Page 11

Dallow Development Trust Limited
Notes to the Accounts
6 Other expenditure
Unrestricted
Total
Total
2025
2024
Bank loan and overdraft
186
186
287
interest payable
Employee costs
Motor and travel costs
88.076
18
88,076
18
84,465
98
Premises costs
67.340
67,340
65,358
Amortisation, depreciation,
impairment, profit/los5 on
disposal of fixed assets
General administrative costs
17,303
17,303
16,294
10.310
2,895
186,128
10,310
2,895
186,128
10,037
2,828
179,367
Legal and professional costs
7 Net expenditure before transfers
2025
2024
This is stated after charging:
Depreciation of owned fixed assets
8 Staff costs
17,303
16,294
2025
2024
Salaries and wages
88.076
88,076
84,465
84,465
No employee received emoluments in excess of £60,000.
9 Tangible fixed assets
Land and
buildings
Computer
equipments
Furniture &
fixture
Total
Cost or revaluation
At l April 2024
Additions
At 31 March 2025
Depreciation and
impairment
At l April 2024
Depreciation charge for the
year
At 31 March 2025
1.305,143
85,361
145,887
8,258
154,145
1,536,391
8,258
1,544,649
1,305,143
85,361
269.453
85.361
137.139
491.953
13,051
4,251
17,302
282.504
85.361
141,390
509.255
Net book values
At 31 March 2025
1,022,639
1.035,690
12,755
8,748
1,035,394
1,044,438
At 31 March 2024
Page 12

Dallow Development Trust Limited
Notes to the Accounts
10 Debtors
2025
2024
Prepayments and accrued income
993
895
993
895
11 Creditors:
amounts falling due within one year
2025
2024
Bank loans and overdrafts
Trade creditors
4,073
7,897
14,231
26,201
4,073
15,485
5,863
25,421
Accruals
12 Creditors:
amounts falling due after more than one year
2025
2024
Bank loans and overdrafts
1,164
1,164
5,237
5,237
13 Movement in funds
Incoming
resources
(including
other
At l April gainsllosses
2024
At31
March
2025
Resources
expended
Restricted funds:
Restricted income funds:
1,041,739
1,041,739
Total
1.041.739
1,041.739
Unrestricted funds:
Designated funds:
88.477
185.867
{186,1281
{186,1281
88,216
Total
88,477
185,867
88,216
Total funds
1,130,216
185,867
{186,1281 1,129,955
Page 13

Dallow Development Trust Limited
Notes to the Accounts
14 Analysis of net assets between funds
Unrestricted
funds
Total
Fixed assets
1,035,394
95,725
1,035,394
95,725
Net current assets
Creditors due in more than one year and
provisions
11,1641
{1,1641
1,129,955
1,129,955
15 Reconciliation of net debt
At31
March
2025
At l April
2024
Cash flows
Cash and cash equivalents
115,541
115,541
5,392
5,392
120,933
120,933
Bank loans
{9,3101
{9.3101
4,073
4,073
15,237)
{5,2371
Net debt
106.231
9,465
115.696
16 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 14

Dallow Development Trust Limited
Detailed Statement of Financial Activities
for the year ended 31 March 2025
Unrestricte
d funds
Total funds
Total funds
2025
2025
2025
2024
Income and endowments from:
Investments
Bank interest receivable
1,002
1,002
1,002
1,002
1,002
1,002
Other
Rental income
184,865
184,865
184,865
184,865
177,330
177,330
Total income and endowments
185,867
185,867
178,332
Expenditure on:
Other expenditure
Bank loan and overdraft interest
186
186
287
payable
186
186
287
Employee costs
Salaries/wages
88,076
88,076
88,076
88,076
84,465
84,465
Motor and travel costs
Travel and subsistence
18
18
98
18
18
98
Premises costs
Rates
2,305
28,964
11,970
2,148
2,305
28,964
11,970
2,148
1,162
31,852
9,913
2,148
Light, heat and power
Premises cleaning
Premises insurances
Premises repairs and
maintenance
21,953
21,953
20,283
67,340
67,340
65,358
General administrative costs,
including depreciation and
a mortisation
Depreciation of Computer
equipments
Depreciation of Furniture &
f ixture
Equipment leasing and hire
charges
Software, IT support and related
costs
17,303
17,303
16,294
2,787
2,787
4,383
2,456
2,456
2,577
Stationery and printing
Sundry expenses
1,721
1,546
1,721
1,546
940
337
Page 15

Dallow Development Trust Limited
Detailed Statement of Financial Activities
Telephone, fax and broadband
1,800
27,613
1,800
27,613
1,800
26,331
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
2.495
2,495
2,448
400
400
380
2,895
2,895
2,828
Total of expenditure of other costs
186,128
186,128
179,367
Total expenditure
186,128
186,128
179,367
Net gains on investments
Net expenditure
(261)
{261)
(1,035)
Net expenditure before other
gains/llosses)
Other Gains
(261)
{261)
(1,035)
Net movement in funds
(261)
{261)
(1,035)
Reconciliation of funds:
Total funds brought forward
88,477
1,041,739
1,130,216
1,131,251
Total funds carried forward
88,216
1,041,739
1,129,955
1,130,216
Page 16