REGISTERED COMPANY NUMBER: 05093320 (England and Wales) REGISTERED CHARITY NUMBER: 1105119 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS8 FOR THE YEAR ENDED 31 MARCH 2024 FOR DALGARNO TRUST Haines Watts Chartered Accountants Old Station House Station Approach Swindon Wiltshire SN13DU
DALGARNO TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent Examiner's Report Staternent of Financial Activities 10 Statement of Financial Position Statement of Cash Flows 12 Notes to the Statement of Cash Flows 13 Notes to the Financial Statements 14 to 26
DALGARNO TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present thelr reportwith the financial statements ofthe charity for the year ended 31 March 2024. The trustees h3ve adopted the provisions ol Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The overarching aim of the Dalgarno Trust is to improve lives in North Kensington. The objectives of the Trust are to benefit the public in the Dalgarno ward, the Royal Borough of Kensington and Chelse2 and the wider area, without distinction of race, gender, sexual orientation, political or ieligious beliefs or other opinions, by associating the public, voluntary and private sector organisations and residents in a common effort.. l. To provide or improve facilities for community, social, recreational, sporting and other leisure-time occupation in the interests of Social welfare with the object of improving the conditions of life of inhabitants in the area of benefit and in adjoining local authority areas (including the protection and improvement of their health). 2. To advance education for the public and to provide, or help lo prowde, opportunities for education, training, work experience and access to employment or self-employment and to advice seTvices, particularly among unemployed people and people suffering financial hardship or social exdu5ion. 3. To develop the capacity and skills of members of socially disadvantaged communities within the area of benefit in such a way that they are better able to identify and help meet their needs and participate more fully in society. 4. To promote the improvement of ihe physul and natural environment and access to open space for the benefit of the public. S. To undertake other charitable aclivities for the general benefil of the public. Signiflcant activltles A brief summary of the principal slreams of work undertaken by the Trust is as follows-. Health programme - this includes Heallhworks Enables. Community Champions and the Emotional Wellbeing Programme. Youth programrrB - there are regular weekly sessions for ages 7 to 19 years offering boxercise, football, drama and youth club activities. We also run activity camps during the schools. holidays. Education, learning & employmenl programmes - this includes Digital Champions Programme helping bridge the gap of digital inclusion, and other learning opportunities. Helping people Ihrough economic inequality - this includes ourweekly foodbank supporting more than 150 people and their farnilies in our local community through each session. Public benefit Having consulted the latest Charity Commission guidance about public benefit, the Trustees are confident that the work of the Trust remalns fully compliant with the principles established by the Commissioners Page 1
DALGARNO TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Achievement and performance Charitable activities Dalgarno Trust is growing from strength to strength, rnainLqining a strong and commilled vision in helping people within its community and surrounding areas. We strive for belter health outcomes. increasing opportunities and developing services in response to the needs of our service users. In this repoTling year, programmes, services and activities have reinforced our ethos and continue to grow. We remain indebted to the Incredib selfless support of our volunteers, with consistent numbers helping with the weekly foodbank, our Communily Champions Project, weekly boxing sessions and other programmes. In 2023124, our volunteers clocked up over 6167 hours. equivalent to a saving of £81,096 (based on London Living Wage 2024). Our weekly foodbank continued lo receive donab'ons from Felix, City Harvest, M&S, Lidl, Pret a Manger and Salnsbury's as well as regular donations from individuals and trusts as well as the Ismaili Centre in South Kensington and Holy Trinity Brompton Church. We raised over £25,000 in yet another successful Big Give Christmas fundraising campaign in December 2023. match funded by the Childhood Trust, which helped sustain the foodbank through the cost of living crisis. Heallhworks Enables is one of our funded projects to improve health and wellbeing, encourage physical activity and help overcome loneliness. In this year we increased the number of partners we work with from 9 to 11 (including DT) working collaboratÉvety to foster diversity and inclusion in Kensington & Chelsea. The events and activities covered physical activities, well-being and self-empowerment sessions. The Emotional Well-being programme (previously known as Volunteering in Partnership VIP), merged with Healthworks Enables to deliver specific intervention lo people experiencing loneliness and isolation by offering weekly engagement of activities and creative programmes, supported by the Kensington and Chelsea Foundation. The Community Champions project Seeks to recruit residents to become positive role models and champions within their own communities. offering volunteering placements, training and other opportunities. In this year, we expanded the programme through apprenticeship placements developed by RBKCIWestminster Council based in hubs funded throLtgh the programme. In May 2023, Dalgarno Trust hosted a placement for a Community Champions Apprentice providing an employment and training opportunity for a local resident over a 15-month placement. Weekly activities for Ihe programme were maintained through sewing classes, ESOL, walking groups and Chair-BasedlZumba exercise. The Maternity Champions project was enhanced with additional provision of a music sensory programme for babie5, a mum's club (working in partnership with Change4Life) as well as weekly stay and plai/ sessions, and baby massage. Regular attendance by an RBKC Health Visltor proved popular, offering an important service. The interventions helped new mothers build their own supportive Sla] neOrk through the early years of pafenthood. The Digital Champions programme received ongoing funding for another year to run weekly drop-ins and outreach to help people access the digital world. The programme also aims to help people use the NHS online service so that they can set up GP appointmenls and order prescriptions. Supported by the NHS ar)d Kensington & Chelsea Social Council the programme expanded to deliver sessions in local GP surgeries and other partner organisations in North Kensinglon. New partnerships formed with the RBKC Digital Inclusion NeMork enabled greater growth and visibility for the programme where it continues to bridge a wide gap of people who are excluded from digital awareness and acsS. The Dalgarno Youth Programme IDYP) is our fastest developing provision in 2023-24 reflecting a growing demand for the high-quality service we provide for children and young people. Our registered numbers grew this year to 6001500 in previous year). The weekly afterschool activities are well attended offering football, healthy eating: guitar lessons, muli-spoits. mathslEnglish tuition and Ihe introduction of girls-onty fitrness sessions. The Dalgarno Amateur Boxing Club. affiliated to the Amateur Boxing A1118n¢e (ABA, is our most popular provision, with several championship wins for the club in 2023. A fundraiser was hosted at the club in November 2023 attended by other local and nalional members of the ABA promoting further visibility of the centre and our championship boxers. Page 2
DALGARNO TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 A Ihriving new partnership has been established with the new owners of Ladbroke Hall. The new local business owner and entrepreneur, Loic Le Gaillard, has taken a keen interest in the boxing club and wider provision at Dalgarno Trust, offering exclusive support which has included the design of our new boxing club logo and a collapsible full siLe boxing ring funded through a photography evenl by world renowned photographer, Jamle Morgan, who selected Dalgarno Trust as their sponsorship charity of choi. During the school holidays we ran activity camps for young people. We received financial support from the John Lyon's Charity. the Holiday Activity Fund (RBKC) and Kitchen Social (Mayor's Fund) as well as many other funders and supporters. We had the pleasure and honour ofworking with Alison Jackson again this year where our young talented photographers were exposed to incredible opporltsnilies like taking pictures at a Chelsea football match. Supported by the Trustees and led by the CEO, Dalgarno Trust is committed to the development and improved standards of its work, none of which would be possible without the Dalgaino Trust staff team and volunteers, including the sessional staff required to delNer the children's holiday camps. We have made multiple enhancements to the centre such a brand new industrial kitchen, new toilets, and improved energy efficiency around the building. Page 3
DALGARNO TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Financial revlew Flnancial position The financial position Df the charity al the year-end is set out on page 11. Principal funding sources The principal SOLJrces of funding for the Trust in pericMJ.' Royal Borough of Kensington & Chelsea West London CCG NHS John Lyon's Charity Lightbulb Trust Kensington and Chelsea Foundation The National Lottery Community Fund Kensington and Chelsea Social Council The Julia and Hans Rausing Trust The Mikheev Charitable Trust Young K&C Childhood Trust Astra Foundation The Garfield Weston Foundation Postcode Society The Hedley Foundation London Sport North Kensington Community Energy Westway Trust Our well-established relationships with the above organisatR)ns and colleagues are the mainstay of funding requests, with in-kind support from Salesforce, and NeighbourEy- We are always exploring new sources of funding and by the nature of our work in the local area, these include local charities as well as some local associations and individuals. Investment policy and objectives The Trustees continue to aspire to the establishment of an investment portfolio from which the Trust cou5d derive income. As and when the charity's financial stability increase5 the Trustees still intend to examine the possibilities for investment in the longer lerm bul not as a priority. Page 4
DALGARNO TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Financial review Reserves policy The Trust has total reserves at the year-end of £529.896 (2023 £436.0301- The Trustees wish to hold approximately 6 months of core expenditure in reserve. We are pleased to have maintained this during the course of the past year. Of ihe total reserves held at the year end £295.574 (2023 £265,281) are held in restricted funds. Al the year end the Trust has free reserves (unrestricted funds not tied up in fixed assets) of £231.341 (2023 £166,795). Page 5
DALGARNO TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Future Activities and Aims During 2023124, we were able to run our full programmes and services. Throughout this year, our strong and resilient leam of staff and committed volunteers provided the foundations on which lo deliver impaclfuS services which resulted in positive outcomes for our residents and wider communitie5. Our aim over the next year is to continue engaging our seivices users across different platforms that will meet the varied needs of individuals and families. Our focus is aimed at developing our existing provisions and creating new programmes that meet the needs of our Servi users. Future plans will seek to include increasing our neorkS and partnerships and to build upon our work with existing partners such as the NHS, London Youth, the Kensington Foundation, The Childhood Trust who supporled our Big Gwe Christmas Campaign and the RBKC & Westminster Chamber ofcommerce to enhance our relationships within the private busines5 and corporate landscape. Next year marks the 20th anniversary of Dalgamo Trust when we pSan to hold year-round celebrations of our work to dale.11 also marks a pivotal point in exploring our direction and vision for the future against challenging funding landscapes. Trustees will work closely with the CEO and wider leam to develop a new strategic plan that will seek lo align with the needs of our Servi users and explore how we can work together to become better and stronger. A8 parl of the strategic plan. we have reviewed our existing staffing stnjcture and will be seeking to intioduce a completely new role to the organisalion as Head of Programme who will sit within the Senior Managemenl Team to oversee programme rnanagers and services. At the moment this work lies with the CEO which we have identified as a risk lo the organisation due to the volume ofwork required to navigate the daily HR matters and service delivery. Further developments are planned for the Dalgarno Youth Programme in line with growlng need for this provision, We are seeking to increase our capacity and team by building in two new parl-time youth workers to oversee two new youth clubs which we plan lo have in place twice a week. one specifically for girls, We are exploring newways ofimproving our building to offer new and upgraded facilities to the local community as this Is the only community facility available to them, with over 7000 residents living on our doorstep. FollowTng refurbishment of our kitchen and toilets, we are looking at other improvements such as our sports hall and café area lo offer residents a space where they can come together, share a coffee and build relationships with neighbours and friends. We have continued seeking opportunities lo consider a complete redevelopment of the outdated and dilapidated outside football pitGh at the back of our building with the view that this would improve the external facilities and create an important revenue stream for the trust. If we can develop the sile to a state-of-the-art football facility which can also double up as a netball and basketball court, we would increase the use of the space to a wider audience thus raising the profile of the centre and attracting a new cohort of people acssIng the space. Support from our local authority is paramount to helping us to continue to achieve our aim5 and whi15t Iluctuating funding and time-consuming monitoring reports remain an ongoing challenge, our brilliant staffing team remains determined and committed in building upon the vital support programmes we deliver to our residents, families, 2nd communities. 11 is however imperative that funders recognise the repLJlable services we deliver and consider long-term secure funding programmes that will enable us to really focus on what we are best at- improving the lives of people in North Kensington. Page 6
DALGARNO TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The organisation is d charity and company limited by guarantee, incorporated on 5th April 2004 and registered as charity on 26th July 2004. The company was established under a Memorandum of Association, which established the objects and power of the charily and is governed under ils Artscles of Association. In the event of the ¢ompanylcharity being wound up Trust Board members are required lo contribute an amount not exceeding £10. The Trust Board has overa51 authority for the charity, determining its strategic direction and ensuring the annual report complies with both Company and charity laivs. The Trust Board meets at a minimum on a quarterly basis. The Trust Board recruits new people to join the Board through advertising and invitation. All new trustees are provided with information about the rdes and responsibilities of the Trust Board. They are invited to meot the staff at the centre and hear about the range of activities on offer. The Trust Board seeks to ensure that Ihe needs of the different user groups are represented. We recruit Trust Board members with appropriate expertise and links to the community. The Directors of the Company are also charity Trustees for the purposes of charily law and under the company's Articles are known as members of the Trust Board. Under the requirements of the Memorandum and the Articles of AssoGiation the members of the Trustee Board are elected to serve for a period of three years after which they must be re-elected. One third of the longest serving commiltee members will retire every year. The Trust Board is responsible for overall governance. It is also reswjnsible for keeping financial records which disclose the financial position of the charity. The day lo day running of Ihe Trust Is delegated to the Chief Executive who reporis to the Chair of the Trust Board. Key management remuneration is set by reference lo market conditions. Esma Dukali is the Chief Executive Officer. Related partles The charity works as a multi-agency, multi-disciplinary or9anisation in pailnership with a variety of local statutory and voluntary sector providers in order to provide lis programmes. services and projects. Risk management The Trust BoaTd with the Chief Executive reviews the risks the Trust faces on a regular basis. Reviews of the onlrols of the financial systems have shown that sufficient resources should continue to be maintained in the event of adverse fundraising condtlions. Other operational and business risks faced by the Trust are actively managed to mitigale significant issues arising. An annual Health & Safety inspection is undertaken by an independent service called WorkNesl who also provide ernployment law and advice on all HR matters. The Trust works to BSI ISO 9001 and this ensures that the highest possible standards are mairitained. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05093320 {England and Wales) Registered Charity number 1105119 Registered office I Webb Close Dalgarno Way London W10 5QB Page 7
DALGARNO TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Trustees Mr C J Griffin Mr S Divall Ms H Darnell Ms L Hughes Mr A M l Mohamed Ms M Poponne Mr P Sharma Ms P Tavridaki (resigned 2.1.24} Ms A Whitworlh (resigned 5.12.23) Mr A G A Ranawake- Chair of Tnjstees Independent Examlner Susan PILsmb ACA Haines Walls ChaTlered Accountants Old Station House Station Approach Swindon Wiltshire SN13DU Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 26 November 2024 and signed on Ihe board's behalf by: MrA anawake- Chair of Trustees Page 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DALGARNO TRUST Independent examinels report to the trustees of Dalgarno Trust I'the Company,) I report to the charity trustees on my examination of Ihe accounlg of Ihe Company for the year ended 31 March 2024. Responsibilities and basis 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 accounts in accordance with the requirements of the Companies Act 2006 {'Ihe 2006 Act'}. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinats'on, I report in respect of my exarnination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the DireGlions given by the Charity Commission under Section 14515) (b) of the 2011 Act. Indep9ndent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake ihe examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have compleled my examination. I confirm that no matters have come to my atlention in connection wlth the examination glving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the ac¢ounts do not accord with those records-, or the accounts do not comply with the accounting requiremenis of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considèred as part of an independent examination., or the accounts have not been prepared in accordance with the methods and princlples of the Statement of Recommended Practice for accounting and reporling by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Stand8rd applicable in the UK and Republic of Ireland {FRS 102}J, I have no concerns and have come across no olher matters in connection with the examination lo which attention should be drawn in this report in or(ler to enable a proper understanding of the accounts to be reached. RLa ACA Susan Plumb ACA The Institute of Chartered Accountants in England and Wales Haines Watts Chartered Accountants Old Station House station Appioach Swindon Wiltshire SN13DU Date.. S Oo¢,.......Lo. ILf Page 9
DALGARNO TRUST STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 91,564 91,564 38,286 Charltable activities Communlty Champions DYP Healthworks vip Other charitable activities Foodbank 97,665 68,766 161,560 97.665 68,766 161,560 70,677 118,875 147,075 20,000 157,290 82,099 86,569 162,939 100,171 249,508 100,171 Other trading activities Investment income 38.411 6.093 38,411 6,093 30,128 1,809 Tolal 591.101 813,738 666,239 EXPENDITURE ON Charitable activities Community Champions DYP Healthworks vip other charitable activities Foodbank 85,765 107,119 164,082 85,765 107.119 164,082 38,673 111.667 155,347 20,306 214,224 81,780 144,736 147,874 70,296 292.610 70,296 Total 144.736 575,136 719,872 621,997 NET INCOME Transfers between funds 77,901 14,328} 15,965 14.328 93,866 44.242 18 Net movemènt in funds 63,573 30,293 93,866 44,242 RECONCILIATION OF FUNDS Total funds brought fomard 170,749 265,281 436,030 391,788 TOTAL FUNDS CARRIED FORWARD 234,322 295,574 529,896 436,030 The notes form part of these financial slalement5 Page 10
DALGARNO TRUST STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricled fund Restricted funds Notes FIXED ASSETS Tangible assets 12 2,981 2,981 3,954 CURRENT ASSETS Debtors Cash at bank 13 18.293 232 808 18.293 588,382 17,002 433 464 355 574 251.101 355,574 606,675 450,466 CREDITORS Amounts falling due within one year 14 (19,760) (60,000) (79,760) {18,390) NET CURRENT ASSETS 231.341 295,574 526,915 432 076 TOTAL ASSETS LESS CURRENT LIABILITIES 234,322 295.574 529,896 436,030 NET ASSETS 234,322 295,574 529.898 436,030 FUNDS Unrestricted funds Restricted funds 18 234,322 295.S74 170,749 265 281 TOTAL FUNDS 529,896 436,030 The charitable company is entitled lo exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtaln an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Acl 2006. The trustees acknowledge their responsibilities for la} ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and {b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as al the end of each financial year and of its surplus or deficit for each financial year in accordanGe with the requirements of SeCtn$ 394 and 395 and which otherwise comply with the requlrements of the Companies AGI 2006 relating to financial stalements, so far as applicable to the charitable company. Tho financial statements were approved by the Board of Trustees and authorised for issue on 26 November 2024 and were signed on Its behalf by: anawake- Chair o Trustees The notes form part of these financial siatements Page11
DALGARNO TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash generaled from operations 157,333 51,959 Net cash provided by operating actrltieS 157 333 51,959 Cash ftows from investing actlvities Purchase of tangible fixed assets Interest received (1,860) 6,093 {1,7021 Net cash provided by investing activities 107 Cash flows from financing activities Loan repayments in year 6,648) 8,883 Net cash used in financing activities 6.648) Change In cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 154.918 43,383 433,464 390 081 Cash and cash equivalents at the end of the reporting period 588,382 433,464 The notes form parl of these financial statements Page 12
DALGARNO TRUST NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2024 Net income for the reporting period las per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest re¢eived (Increase)Idecrease In debtors Increasel{decrease) in creditors 93,866 44,242 2,833 (6,0931 11,291) 68 018 9,421 {1,8091 28,811 28,7061 Net cash provided by operations 157,333 51,959 ANALYSIS OF CHANGES IN NET FUNDS At 114123 Cash flow At 3113124 Net cash Cash at bank 433,464 154918 588.382 433.464 588,382 Debt Debts falling due within 1 year 6.648) 6,648 Total 426 816 161,566 588,382 The notes fomi part of these financial statements Page 13
DALGARNO TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financlal statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance viith the Charities SORP {FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effective 1 January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical c05t convention. Going concern There are no material uncertainties around the Charity's ability to conlinue as a going concern. Income All income is recognised in the Statement of Financial Activities once the Charity has enlillement lo the ftjnds, it is probable that the income will be received. and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or conslructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in selllement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tallgible flxed assets Depreciation is provided at the following annual rate5 in order to write off each asset over its eslimaled useful life. Improvemenls to property Fixtures and filts'ngs 10°A on cost 20'k on cost Taxation The charity is exempt from corporation lax on tts charitable activities. Fund accountlng Unrestricted funds can be used in accordan with the ¢haritable objectives at the discretion of the trustees. Restricted funds can onty be used for particular restricted purposes within Ihe objects of the charity, Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the financial statements. Pension costs and other post-retirement benerrts The charitable company operates a defined cOntributn pension scheme. Contributions payable to the charitable company's pension SGheme are charged to the Statement of Financial Activilies in the period to which they relate. Page 14 continued...
DALGARNO TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 2024 2023 Donations 91.564 38,286 OTHER TRADING ACTIVITIES 2024 2023 Room hire 38,411 30.128 INVESTMENT INCOME 2024 2023 Deposit account interest 6,093 1,809 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activiiy Community Champions 97,666 70,677 DYP 68,766 118,875 Healthworks 161,560 147,075 vip 20,000 other Gharitable activities 249,508 157,290 Foodbank 100,171 677,670 596,016 CHARITABLE ACTIVITIES COSTS Support Costs (see note 7) Direct Costs Tolals Community Champions DYP Healthworks vip other charitable activities Foodbank 85,766 107,119 156,929 7,153 290,210 85,765 107,119 156,929 7.153 292,610 70,296 2,400 717,472 719 872 Page 15 continued...
DALGARNO TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Governance costs Other charitable activitie5 2,400 NET INCOMEI{EXPENDITURE) Nel incomel(expendilure) is stated after chargingllcrediling).. 2024 2023 Independent Examinels fee Depreciation- owned assets 2,400 2,833 2,000 9,421 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneratton or other benefits for the year ended 31 March 2Q24 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. 10. STAFF COSTS 2024 2023 Wages and salaries Social security costs other pension costs 344,865 25,169 3,161 354,496 25,900 373.195 383,659 Termination payments of £nil12023 £17.5001 are included in wages and salaries above. Key management personnel include all persons that have authority and responsibility for planning. directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £57,073 (2023.. £50,885). The average monthly number of employees during the year was as follows.. 2024 2023 19 24 No employees received emoluments in excess of £GO,000. Page 16 conlinued,..
DALGARNO TRUST NOTES TO THE FINANCIAL STATENIENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 38,286 38,286 Charitable actlvities Community Champions DYP Heallhworks vip Other charitable activities Foodbank 70,677 118,875 147,075 20,000 134,650 82,099 70,677 118,875 147,075 20,000 157,290 82,099 22,640 Olher trading activities Investment income 30,128 1,809 30,128 1,809 Total 92,863 573,376 666,239 EXPENDITURE ON Charitable activities Community Champions DYP Healthworks vip other charitable activities Foodbank 38,673 111,667 155,347 20,306 69,565 81,780 38,673 111,667 155,347 20,306 214,224 81,780 144,659 Total 144,659 477,338 621.997 NET INCOMEI{EXPENDITURE} {51,796) 96,038 44,242 RECONCILIATION OF FUNDS Total funds brought fOard 222,545 169.243 391,788 TOTAL FUNDS CARRIED FORWARD 170,749 265,281 436,030 Page 17 continued...
DALGARNO TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 12. TANG18LE FIXED ASSETS Improvements to property Fixtures and fittings Computer equipment Totals COST At 1 April 2023 Additions 72,269 15.186 5,498 1,860 92,953 1,860 At 31 March 2024 72.269 15,186 7,35B 94,813 DEPRECIATION At 1 April 2023 Charge for year 72,269 13,824 1,362 2,906 88,999 2,833 At 31 March 2024 72,269 15,186 4.377 91,832 NET BOOK VALUE At 31 March 2024 2.981 2,981 At 31 March 2023 1,362 3,954 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments 18,157 136 12,255 4,747 18,293 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other loans Isee note 15) Trade crodilors Social security and other taxes Accruals and deferred income 6,648 2,127 6,129 3,486 7,185 9,473 63,102 79,760 18,390 Included in accruals and deferred income is £60.000 of deferred income which relates to projects to be delivered In 202412025 year end. Page 18 continued...
DALGARNO TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 15. LOANS An analysis of the maturity of loans is given below.. 2024 2023 Amounts falling due within one year on demand.. Other loans 6,648 16. LEASING AGREEMENTS Minimum lease paymenls under non-cancellable operating leases fall due as follows.. 2024 2023 Within one year Within two to five years 1,595 4,786 2,808 17. SECURED DEBTS The loan detailed in note 15 was from the Comrnunity Builders Fund. It was repayable over a period of 10 years with interest being charged at 5¥0 per annum. 11 was secured by a fixed charge over the leasehold property known as the Dalgarno Community Centre. This has now been repaid in full. Page 19 continued.
DALGARNO TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARGH 2024 18. MOVEMENT IN FUNDS Nel rrrf)vement in funds Transfers behveen funds At 3113124 Al 114123 Unrestricted funds General fund 170,749 77,901 (14,328} 234,322 Restricted funds Heallhworks RBK&C - DYP Community Champions K&C Foundation - VIP Foodbank City Bridge- DYP Clare Ferguson - VIP Big Give fund- foodbank Capacity Building Change 4 Life Dalgarno ABC Health NK Self Care Digital Household Suppoit RBKC KT Dalgarno Boxing Event RBKC Community Protects Dalgarno Street party l Events Community Champions {HlU) DYP- Dalgamo Holiday Camps DYP - Awards for All DYP - Sheldon Trust Campden Charities John Lyons - Toilet Refurbishment KCSC - Digital Champions for BAME NHS- Health Winler DYP Projects and Equipment DYP - Core Communily Champion Apprenticeship Father's Make A Differen 123 7.783 26.479 6.954 51.208 3,009 199 24,105 1,740 101 2,448 321 9,192 441 27,376 2,453 4.552 8,227 10.000 8,207 6,000 25.000 6,800 7.330 233 25,000 4,631 (5,2761 (1,056) (6,954) 32,736 13,009) {199) 12,861 } {1,740) {101} 12,777 (321) (481) {441) (27,376) (2.241) 3,370 (2,555} (7,276) (3,0321 7,500 (25,0001 1,923 {605) 22.795 4,754 2,507 25,423 83,944 21,244 15,225 8,711 212 7,922 20,000 2,724 5,175 13,500 14,328 8,723 6,725 48,028 25,000 (25.000) 9,586 11,171 9,586 11,171 265 281 14.328 295,574 TOTAL FUNDS 436,030 93,866 529,896 Page 20 continued...
DALGARNO TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 18. MOVEMENT IN FUNDS - continued Net Movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 222,637 {144,736) 77,901 Restricted funds Healthworks RBK&C - DYP Community Champions K&C Foundation - VIP Foodbank City Bridge- DYP Clare Ferguson - VIP Big Give fund - foodbank Capacity Building Change 4 Llfe Dalgarno ABC Health NK Self Care Digital Household Support RBKC KT Dalgarno Boxing Event RBKC Community Protects Dalgarno Slreet party l Events Community Champions (HlU} DYP - Dalgarno Holiday Camps DYP - Awards for All DYP - Sheldon Trust Campden Charities John Lyons- Toilet Refurbishmenl KCSC - Digital Champion5 for BAME NHS - Health Winter DYP Projects and Equipment Community Champion Apprenticeship Father's Make A Difference Black History Month Comrnunily Organisations C05t of Living Fund 161,560 37,100 58.155 (156,929) (42,3761 (59,211} 16,954) <37,139) (3,009} (199) (33.157) (1,740) {101) (2,362> (321) (481) (441) {38,392J (2,271) (2,630) (23,495) 17,276) (13,032) 4,631 (5,2761 (1,0561 16,954) 32,736 13,0091 (199) 12,861) (1,7401 {1011 12,777 (321) {481) (4411 (27,3761 (2,241) 3,370 (2,5551 (7,276} (3.032) 7,600 (25.000) 1.923 {605} 22,795 9,586 11,171 69.875 30,296 15,139 11,016 30 6,000 20,940 10,000 7,500 (25,000) (25,745) 11,855) (17,9311 (23,924} (5,534) (1,000) 27.668 1,250 40,726 33.510 16,705 1.000 42,631 42,631) 591.101 575,136 TOTAL FUNDS 813.738 719,872) 93,866 Page 21 continued...
DALGARNO TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 18. MOVEMENT IN FUNDS- continued Net movement in fvnds At 3113123 At 114122 Unrestricted funds General fund 222,545 151,796) 170,749 Restricted funds Heallhworks RBK&C - DYP Community Champions John Lyon's - DYP K&C Foundation - VIP London Community Fund Grenfell - DYP WesNvay Alternative Therapy Foodbank Ready Steady Cook - DYP Satellite - DYP Sport England - DYP City Bridge- DYP London Youth - DYP Clare Ferguson - VIP RBKC-VIP Westways Trust Isolation grant - VIP Big Give fund - foodbank Capacity Building Change 4 Life Dalgarno ABC DYP GERF Poor Collective DYP Easter 2022 Foodbank Christmas fundraiser Health Digital Diabetes Inclusion Project Health NK Self Care Digital Household Support RBKC KT Dalgarno Boxing Event Mayor Community Spaces RBKC Omicron RBKC Community Protects Dalgarno Street parly l Events Community Champions {HlUI DYP- Dalgamo Holiday Camps DYP- Awards for All DYP- Sheldon Trust Campden Charities John Lyons - Toilet Refurblshment KCSC - Digital Champions for BAME NHS- Health Winter DYP_Projects and Equipment DYP- Core 8,395 8,749 475 11,932 (90) (8,272) (966) 26,004 (11.932) 7.044 123 7,783 26,479 6,954 3,445 216 33,108 1,000 3,375 5,910 10,922 5,759 556 5,500 1,493 (3,445) {216) 18,100 (1,0001 {3,3751 (5,910) 17,913} (5,759) 1357) (5,500) {1,493) 24,105 {3,2601 11,6631 3,094 11,0661 13,0931 {17,781} 51,208 3,009 199 24,105 1,740 101 2,448 5,000 1,764 (646) 1.066 3.093 17,781 8.735 5.517 9,842 2,360 12,376 1,071 539 18,735} 15.196) (650) 11,919) 15,000 (1,071) 1539) 2,453 4,552 8,227 10,000 8,207 6,000 25,000 6.800 7,330 233 25,000 321 9,192 44fj 27,376 2,453 4,552 8,227 10,000 8,207 6,000 25,000 6,800 7,330 233 25,000 169,243 96,038 265 281 TOTAL FUNDS Page 23 continued..
DALGARNO TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 18. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are a5 follows. Incomirsg resources Resources expended Movement in funds Unrestricted funds General fund 92,863 (144,659) (51,7961 Restricted fund5 Healthworks RBK&C- DYP Community Champions John Lyon's - DYP K&C Foundation - VIP London community Fund Grenfell- DYP Weshvay Alternalive Therapy Foodbank Ready Steady Cook- DYP Satellite - DYP Sport England - DYP City Bridge - DYP London Youth - DYP Clare Ferguson - VIP RBKC- VIP wesayS Trust Isolation grant- vip Big Give fund - foodbank Capacily Building Change 4 Life Dalgarno ABC DYP GERF Poor Collective DYP HAF Summer 2021 DYP Easter 2022 Foodbank Christmas fundraiser Health Digital Diabetes Inclusion Project Health NK Self Care Digilal Household Support RBKC Dalgarno Boxing Event Mayor Community Spaces RBKC Omicron RBKC Community Prolecls Dalgarno Street party l Events Community Champions {HlU) DYP - Dalgarno Holiday Camps Black History Month DYP - Awards for All DYP - Sheldon TFUSt Campden Charities John Lyons- Toilet Refurbishment KCSC - Digital Champions for BAME NHS- Health Winter DYP Projects and Equipment DYP - Core 147,075 40,000 64,677 (155,347) 140,966) (38,673) (11,932) (12,956) 18,272} 1966) 26,004 (11,932> 7,044 20,000 1,500 14,945) {216) {83,999) (1,000) (3,375) (5,910) (7,913) (5,759) (357) (5,500) 11,493) {3,445) 1216) 18,100 (1,000) (3,375) {5,910) (7,913) (5,759) {357) (5,500) (1.4931 24,105 13,260) 11,663) 3.094 11,066) 82,099 24.105 (3,260) (2,663) (1,226) <1,0681 {17,755) (4,193) {17,781) 1.000 4.320 17,755 1.100 (3,093) (17.781) 10,000 12,225 (18,7351 (17,421) (650) (1,919) {8,735} 15,196) (650) (1,919) 15,000 (1,0711 (5391 2,453 4,552 8,227 15,000 (1,071) (13,989) (2,097) (1,4481 (4,7931 (1,0001 13,450 4,550 6,000 13,020 1,000 10,000 10,000 6,000 25,000 8,000 10,000 500 10,000 8,207 6,000 25,000 6,800 7,330 233 (1,793) (1,200) (2,670) (267> 573,376 477 338 96,038 Page 24 continued...
DALGARNO TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 18, MOVEMENT IN FUNDS - continued TOTAL FUNDS 621,997} Healthworks - Our Healthworks programme works in partnership with a number of organisalions that represent the BME community across the borough. This programme aims lo support wellbeing and help people enjoy life more by bring people together so overcoming social isolation and loneliness and encouraging physical activity. It is funded by RBKC Adults and Public Health. H2althwork5 Emotional Wellbeing We incorporated an emotional well-being community developmenl worker post within the Healthworks programme with funding from Kensington & Chelsea Foundation. The programme seeks to engage people experiencing social isolation and poor emotional health. Weekly activities and programmes are delivered to encourage people to become socially engaged with our seivices and other residents. By accessing this SUPPOfL people will have access to a range ofother provision at Dalgarno Trust lo support them. The Dalgarno Youth Programrne {DYP) iuns regular term time aclivilies for those aged 7+ These include twice weekly Boxing classes (Tuesdays and Thursdays evenings), Junior Club on Tuesday and Thursday afternoon and football every Friday evening al WeSay. We offer different activities during the school holidays. It is funded by RBKC Children's Commissioning, Lightbulb Trust, Sheldon Trust, John Lyon's Charity, Awards for All, Weshvay Trust and London Sport. Community Champions - this programme builds on the skills and knowledge of local communities, bringing local people and setvices together to reduce inequalities and improve health and wellbeing. It is funded by RBKC and Westminster Public Health. In this year, we received further funding to pilot a new initiative developed by the funder for apprenticeship placements across the Community Champions neork. Dalgarno Trust secured funding to hosl one placement providing a paid role to a longstanding volunteer who completed her 15-monlh placement and secured her qualification at the end of her work. Foodbank- The number of people coming to our foodbank increases week on week. We raised extra funding from the Blg Give and have received large amounts of regular donations from people living in Kensington and Chelsea including The Julia and Hans Rausing Trust who donated funding for food vouchers over Christmas. In DeGember 2Q23, we took part in the Big Give Christmas campaign raising a staggering £30.000 with the support ofthe Childhood Trust. Wilhout this funding we would not be able to look after people as well as we can. Our foodbank is often considered the golden benGhmark of foodbanks in RBKC, and many other foodbanks will approach us about our success. Digital Champions this programme continued to grow in it5 popularity through responding to the growing needs of our digitally exduded communities. 11 was developed over the pandemic where many people struggled to engage virtually with services due to Iheir lack of digital knowledge and skills. We deliver bespoke courses around a range of basic to intermediate short courses to help people get online and become digitalty aware. It is funded by the NHS through KCSC. Campden Charities - is a local trust that supports charities who successfully refer resKlents of RBKC to the trust for practical and financial support. In this reporting period we secured sevèral referrals bringing Dalgamo Trust funding to develop our service offer of support. John Lyon's Charity- is a London-wide children's charity that funds and supports organisations deliver services lo chlldren and young people. In this reporting period we concluded a renovation for our boys and girl's toilets. We secured further funding to support our holiday camps in addition to a significant grant that will develop the youth provision to include Iwo weekly youth clLJbs which includes a girls only provision every Wednesday evening. Wo se¢ured other new funding opportunities from The Garfield Weston Foundation, Astra Foundation and Postcode Society, all of which made significant contributions to our core fvnding, enabling greater capacity and business development. Page 25 corstinued...
DALGARNO TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 19. RELATED PARTY DISCLOSURES There were no related party transactions for Ihe year ended 31 March 2024. Page 26