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← Dalgarno Trust

2025-03-31-accounts

Company registration number 05093320 (England and Wales) Charity registration number 1105119 (England and Wales)

DALGARNO TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

DALGARNO TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms H Durrell
Mr A M I Mohamed
Ms M Poponne
Mr A G A Ranawake
Mr C J Griffin
Mr P Sharma
Mr J A O'Sullivan (Appointed 28 January 2025)
Rev S Divall
Ms J Zhao (Appointed 10 June 2025)
Country of incorporation United Kingdom 05093320
(England and Wales)
Charity registration England and Wales 1105119
Registered office 1 Webb Close
Dalgarno Way
London
W10 5QB
Independent examiner Haines Watts Swindon Limited
Old Station House
Station Approach
Swindon
Wiltshire
SN1 3DU

DALGARNO TRUST

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8 - 9
Balance sheet 10
Statement of cash flows 11
Notes to the financial statements 12 - 23

DALGARNO TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 (FRS 102)".

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 Chelsea and the wider area, without distinction of race, gender, sexual orientation, political or religious beliefs or other opinions, by associating the public, voluntary and private sector organisations and residents in a common effort:

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.

Significant activities

A brief summary of the principal streams of work undertaken by the Trust is as follows:

DALGARNO TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

Significant activities and achievements against objectives Charitable activities

Dalgarno Trust marked 20 years of service to the community of North Kensington and with this important milestone for the charity, significant focus was placed on marking the anniversary and ensuring the commitment to helping people remains strong and sustainable.

We produced a brochure celebrating the achievements of Dalgarno Trust and captured stories of real people who shared their experiences with the centre and the positive impact it had on them and the wider community.

In this year we underwent a review process to understand how our services were being received by existing beneficiaries, partners and funders, and aligned with this, we explored the local demographics to ensure services were delivered and developed in response to the needs of our residents and wider community. With the findings from this research, the CEO, set out to write a 5-year business plan in which to refine core service objectives and generate future ambitions.

The four key focus areas identified are.

Our weekly foodbank continued to receive donations from Felix, City Harvest, M&S, Lidl, Pret a Manger and Sainsbury's as well as regular donations from individuals and trusts. Regular donations are maintained from the Ismaili Centre in South Kensington. We raised over £16,000 in a successful Big Give Christmas fundraising campaign in December 2024, match funded by the Childhood Trust. We secured new funding from City Bridge over 3 years, including donations from Liberty Global and were supported again by the Julia Rausing Trust.

HealthWorks Enables is one of our funded projects to improve health and wellbeing, encourage physical activity and help overcome loneliness. Funded by RBKC Adults and Public Health, we secured an extension of funding for a further 2.5 years which enabled us to continue this long-standing project in partnership with several BAME organisations across North Kensington. The Emotional Well-being programme funded for a further year by the Kensington and Chelsea Foundation, continued to deliver intervention to people experiencing loneliness and isolation by offering weekly engagement of activities and creative programmes.

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 reapplied for funding and secured a 5-year funding agreement with RBKC/Westminster Council to continue this important work. In October 2024, Dalgarno Trust hosted a second placement for a Community Champions Apprentice providing an employment and training opportunity for a local resident over a 18-month placement. Weekly activities for the programme were maintained through sewing classes, ESOL, walking groups and Chair-Based/Zumba exercise. The Maternity Champions project continues to form an important part of this project where a range of interventions helped new mothers build their own supportive social network through the early years of parenthood.

DALGARNO TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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 appointments and order prescriptions. Supported by the NHS and Kensington & Chelsea Social Council the programme expanded to deliver sessions in local GP surgeries and other partner organisations in North Kensington.

The Dalgarno Youth Programme (DYP) continues to be a strong and developing provision in 2024-25 reflecting a growing demand for the high-quality service we provide for children and young people. The two new Youth Clubs (one girls only) introduced in the previous year grew from strength to strength with number consistently growing. The Dalgarno Amateur Boxing Club, affiliated to the Amateur Boxing Alliance (ABA) remains a popular provision with young boys especially, although we consistently work on increasing female participation.

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), Kitchen Social (Mayor's Fund), the Sheldon Trust, The Childhood Trust and many other funders and supporters. We had the pleasure and honour of working with Alison Jackson again this year where our young talented photographers were exposed to incredible opportunities.

Our partnership with the Ladbroke Hall continues to flourish and we are seeking new opportunities to collaborate with the venue.

In December 2024, we were awarded Highly Commended Charity of the Year at the Kensington & Chelsea and Westminster Chamber of Commerce Business Awards. A recognition we are incredibly proud of.

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 Dalgarno Trust staff team and volunteers, including the sessional staff required to deliver the children's holiday camps. We continue to explore improvements not just in our services, but within our building to ensure we create a safe and sustainable space for residents and the community.

Financial review

The financial position of the charity at the year-end is set out on page 11.

Reserves policy

The Trust has total reserves at the year-end of £484,045 (2024: £529,896). 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 the total reserves held at the year end £218,507 (2024: £295,574) are held in restricted funds.

At the year end the Trust has free reserves (unrestricted funds not tied up in fixed assets) of £261,611 (2024: £231,341).

DALGARNO TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Principal funding sources

Principal funding sources

The principal sources of funding for the Trust in period;

Our well-established relationships with the above organisations and colleagues are the mainstay of funding requests, with in-kind support from Salesforce, and Neighbourly. 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

The Trustees continue to aspire to the establishment of an investment portfolio from which the Trust could derive income. As and when the charity's financial stability increases the Trustees still intend to examine the possibilities for investment in the longer term but not as a priority.

Major risks

The Trust Board with the Chief Executive reviews the risks the Trust faces on a regular basis. Reviews of the controls of the financial systems have shown that sufficient resources should continue to be maintained in the event of adverse fundraising conditions. Other operational and business risks faced by the Trust are actively managed to mitigate significant issues arising. An annual Health & Safety inspection is undertaken by an independent service called WorkNest who also provide employment law and advice on all HR matters. The Trust works to BSI ISO 9001 and this ensures that the highest possible standards are maintained.

DALGARNO TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods

During 2024/25, we were able to run our full programmes and services. We expanded our youth provision and introduced two new weekly Youth Clubs, thanks to the support of the John Lyon’s Charity.

Throughout this year, our strong, resilient team of staff and committed volunteers provided the foundations on which to deliver impactful services which resulted in positive outcomes for our residents and wider communities. Securing longer-term funding from two of our main statutory funders reflected confidence in what we do and for this, we are extremely grateful for the recognition and support.

Future plans will seek to include a review of our current provision so that we can better understand our demographics and with this seek to improve services so that they better align with the needs of our residents and community. This is also a useful roadmap to develop for our in-house staff and volunteers so that we can visibility and direction against the same set of goals and focus areas.

Drafting our 5-year business plan, with the restructure of the staffing team, our CEO will focus on exploring how we create long-term sustainability for Dalgarno Trust given the invaluable resource is serves to the residents that live here. We know charity assets are shifting, funding is diminishing, and with this only the strong and stable have a chance to survive.

Our aim over the next year is to continue engaging our services users, explore new opportunities and expand our outreach and visibility to form new partnerships and reach a wider target audience. Our focus is on quality and not quantity. We want to do things well; maintain consistency and deliver everything we do to a high standard so that people feel welcomed and valued.

We will continue to explore new ways of improving 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 in the vicinity of Dalgarno Trust. Ideas for improvements include the redevelopment of our outside space to include a muti-sports facility for hire, which could then create an income resource and a community café for residents to have a local space to pop into and purchase coffee, healthy snacks at reasonable prices.

Support from our local authority is paramount to helping us to continue to achieve our aims and whilst fluctuating 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, and communities. It is however imperative that funders continue to recognise the reputable services we deliver and consider long-term secure funding programmes that will enable us to really focus on what we are best at.

Celebrating 20 years of Dalgarno Trust this year has marked and important and pivotal milestone for everyone that has been involved with Dalgarno Trust since its inception in 2004. To all the staff, past and present, all the volunteers who have contributed their time, energy and passion to the mission of improving people’s lives in North Kensington, we thank you and are delighted to have been part of the journey.

DALGARNO TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management The organisalion is a charity and company Iwnited by guarantee, incorporaled on 5th April 2004 and registered as charity on 26th July 2004. The company was established under a Memorandum of As50¢iation, which e5t8blished the objects and power of Ihe thaiity and is governed under its Ariicles of Association. In the evenl of the companyl Charity being wound up Trust Board members are iequired to contribute an amount not exceeding £10. The Trust Board has overall authority for the charity, detennining ils slralegi¢ diredion and ensuring the annual report complies with both company and charity laws. The Trust Board meets at a minimum on 3 quarterly basis. The Trust Board recruits new people to join the Board through advertising and invitation. All new trustees are provided with Infomalion 2boul the roles and re5ponsibililies of Ihe Trust Board. They are invitèd lo meet the staff al the centre and hear about the rang8 of activilies on offer. The Trust Board seeks lo ensure that the needs of the different user groups are represented. We recruit Trust Board members with appropriate expertise and links lo the community. The DirectOTS of the Company are also charity Tnjslees for the purposes of charity law and under the company's Articles are known as members of the Trust Board. Under the requirements of the Memorandum and the Ariicles of Association the members of the Trustee Board are elecled lo serve for a period of three years afler ivhich they musl be re-elected. One third of Ihe longest serving committee rnembers will retire every year. The Trust Board is responsible for overall govemance. It is also responsible for keéping finanaal records which disclose the fin8nrAal position of the charity. The day to day running of the Trusl is ddegaled lo the Chief Ex8(￿lIVe who reports to the Chair of Ihe Trust Board. Key management remuneration is set by reference to market condilions. Esma Dukali is the Chief Executive Officer. The trustees. who are also the direclors for the purpose of company law, an(J who served during Ihe year and up to Ihe dale of signature of the finanual statements were= Ms H Durrell Ms L Hughes MrA M l Mohamed Ms M Poponne MrA G A Ranawake Mr C J Griffin Mr P Sharma Mr J A O'sullivan Rev S Diva51 Ms J Zhao (Resigned 2 March 2025) (Appointed 28 January 2025) (Appointed 10 June 20251 Rel8ted parties The charity works as a multi-agency, muttkdisciplinary organisalion in partnership wilh a variely of Ictal Statutory and voluntary sector pro￿derS in order to provide Its programmes. serVi￿S and projects. The trustees, report was approved by the Board of Truslees. Mr A Ranawake Trustee Dale..

DALGARNO TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DALGARNO TRUST

I report to the trustees on my examination of the financial statements of Dalgarno Trust (the trust) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the trust (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.

Having satisfied myself that the financial statements of the trust are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the trust’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the trust’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

Martin Gurney FCA Haines Watts Swindon Limited Old Station House Station Approach Swindon Wiltshire SN1 3DU 19 December 2025

DALGARNO TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Current financial year
Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income and endowments from:
Donations and legacies
2
71,583
-
Charitable activities
Community Champions
3
-
79,737
DYP
3
-
152,106
Healthworks
3
-
166,654
Other charitable activities
3
102,070
57,290
Foodbank
3
-
55,490
Investment income
4
5,943
-
Other trading activities
5
34,747
-
Total income
214,343
511,277
Expenditure on:
Charitable activities
Community Champions
6
-
93,760
DYP
6
-
103,155
Healthworks
6
-
164,894
Other charitable activities
6
183,127
125,378
Foodbank
6
-
101,157
Total charitable expenditure
183,127
588,344
Total expenditure
183,127
588,344
Net income/(expenditure)
31,216
(77,067)
Net movement in funds
8
31,216
(77,067)
Reconciliation of funds:
Fund balances at 1 April 2024
234,322
295,574
Fund balances at 31 March 2025
265,538
218,507		 Total
2025
£
71,583
79,737
152,106
166,654
159,360
55,490
5,943
34,747
725,620
93,760
103,155
164,894
308,505
101,157
771,471
771,471
(45,851)
(45,851)
529,896
484,045		 Total
2024
£
91,564
-
97,665
68,766
161,560
249,508
100,171
6,093
38,411
813,738
85,765
107,119
164,082
292,610
70,296
719,872
719,872
93,866
93,866
436,030
529,896

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

DALGARNO TRUST

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Prior financial year
Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
2
91,564
-
Charitable activities
Community Champions
3
-
97,665
DYP
3
-
68,766
Healthworks
3
-
161,560
Other charitable activities
3
86,569
162,939
Foodbank
3
-
100,171
Investment income
4
6,093
-
Other trading activities
5
38,411
-
Total income
222,637
591,101
Community Champions
6
-
85,765
DYP
6
-
107,119
Healthworks
6
-
164,082
Other charitable activities
6
144,736
147,874
Foodbank
6
-
70,296
Total expenditure
144,736
575,136
Net income
77,901
15,965
Transfers between funds
(14,328)
14,328
Net movement in funds
8
63,573
30,293
Reconciliation of funds:
Fund balances at 1 April 2023
170,749
265,281
Fund balances at 31 March 2024
234,322
295,574		 Total
2024
£
91,564
-
97,665
68,766
161,560
249,508
100,171
6,093
38,411
813,738
85,765
107,119
164,082
292,610
70,296
719,872
93,866
-
93,866
436,030
529,896

DALGARNO TRUST BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets 12 3.927 2.981 Current assets Debtors Cash at bank and in hand 13 6.251 489,246 18,293 588,382 495,497 606.675 Creditors". amounts falling due within one year 14 (15,379) (19.760) Net current assets 480,118 526,915 Tolal assets less current Ilabllities 484,045 529,896 The funds of the trust Restricted income funds Unrestricted funds 17 18 218,507 265,538 295,574 234,322 484,045 529,896 The compary is entitled to the exemplion from the audit requirement conlained in section 477 of the Companies Act 201￿, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying ¥￿th Ihe requirements of the Companies Act 2006 with respecl to 3Gcounling records and the preparalion of financi81 statemen15. The members have not required Ihe company lo obtain an audit of its finanual slalements for the year in question In accordance with section 476. These financial statements have been prepared in accordance with the wovisions applicable to cornpanies subject to the small companies regime. The financial statements were approved by the Iruslees on ...... A Ranawake Trustee 10-

DALGARNO TRUST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
22
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash generated from investing activities
Financing activities
Repayment of borrowings
Net cash used in financing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
£
(102,056)
(3,023)
5,943
2,920
-
-
(99,136)
588,382
489,246		 2024
£
(1,860)
6,093
(6,648)		 £
157,333
4,233
(6,648)
154,918
433,464
588,382

DALGARNO TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Dalgarno Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is 1 Webb Close, Dalgarno Way, London, W10 5QB.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the trust's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 (FRS 102)". The trust is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the 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 to the financial statements.

1.4 Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement 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 to 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.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

DALGARNO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 10% on cost
Fixtures and fittings 20% on cost
Computer equipment 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.10 Retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 71,583 91,564

DALGARNO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Income from charitable activities

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Community Champions
-
79,737
DYP
-
152,106
Healthworks
-
166,654
Other charitable activities
102,070
57,290
Foodbank
-
55,490
102,070
511,277		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
79,737
-
97,665
152,106
-
68,766
166,654
-
161,560
159,360
86,569
162,939
55,490
-
100,171
613,347
86,569
591,101		 Total
2024
£
97,665
68,766
161,560
249,508
100,171
677,670

4 Income from investment income

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Deposit account interest 5,943 6,093
5 Other trading activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Room hire 34,747 38,411

DALGARNO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

6 Expenditure on charitable activities

Community
Champions
DYPHealthworks
Other
charitable
activities
Foodbank
2025
2025
2025
2025
2025
£
£
£
£
£
Direct costs
Staff costs
44,141
66,265
95,651
178,295
32,492
Depreciation and
impairment
-
-
-
2,077
-
Other
49,619
36,890
69,243
125,378
68,665
93,760
103,155
164,894
305,750
101,157
Share of support and governance costs (see note 7)
Support
-
-
-
2,755
-
93,760
103,155
164,894
308,505
101,157
Analysis by fund
Unrestricted funds
-
-
-
183,127
-
Restricted funds
93,760
103,155
164,894
125,378
101,157
93,760
103,155
164,894
308,505
101,157
Previous year:
Community
Champions
DYPHealthworks
Other
charitable
activities
Foodbank
2024
2024
2024
2024
2024
£
£
£
£
£
Direct costs
Staff costs
46,738
58,423
88,803
139,503
37,391
Depreciation and
impairment
-
-
-
2,833
-
Other
39,027
48,696
75,279
147,874
32,905
85,765
107,119
164,082
290,210
70,296
Share of support and governance costs (see note 7)
Support
-
-
-
2,400
-
85,765
107,119
164,082
292,610
70,296
Analysis by fund
Unrestricted funds
-
-
-
144,736
-
Restricted funds
85,765
107,119
164,082
147,874
70,296
85,765
107,119
164,082
292,610
70,296		 Total
2025
£
416,844
2,077
349,795
768,716
2,755
771,471
183,127
588,344
771,471
Total
2024
£
370,858
2,833
343,781
717,472
2,400
719,872
144,736
575,136
719,872

DALGARNO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

7 Support costs allocated to activities

Governance costs
Analysed between:
Other charitable activities
8
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets		 2025
£
2,755
2,755
2025
£
2,755
2,077		 2024
£
2,400
2,400
2024
£
2,400
2,833

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.

10 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
Aggregate compensation		 2025
Number
28
2025
£
382,479
28,492
5,873
416,844
2025
£
60,532		 2024
Number
19
2024
£
342,528
25,169
3,161
370,858
2024
£
57,073

DALGARNO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Tangible fixed assets

Leasehold
improvements
Fixtures and
fittings
Computer
equipment
£
£
£
Cost
At 1 April 2024
72,269
15,186
7,358
Additions
-
3,023
-
At 31 March 2025
72,269
18,209
7,358
Depreciation and impairment
At 1 April 2024
72,269
15,186
4,377
Depreciation charged in the year
-
605
1,472
At 31 March 2025
72,269
15,791
5,849
Carrying amount
At 31 March 2025
-
2,418
1,509
At 31 March 2024
-
-
2,981
13
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
6,100
Prepayments and accrued income
151
6,251
14
Creditors: amounts falling due within one year
2025
Notes
£
Other taxation and social security
6,067
Deferred income
15
-
Trade creditors
5,053
Accruals
4,259
15,379		 Total
£
94,813
3,023
97,836
91,832
2,077
93,909
3,927
2,981
2024
£
18,157
136
18,293
2024
£
9,473
60,000
7,185
3,102
79,760

DALGARNO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15
Deferred income
2025
£
Other deferred income
-
Deferred income is included in the financial statements as follows:
2025
£
Deferred income is included within:
Current liabilities
-
Movements in the year:
Deferred income at 1 April 2024
60,000
Released from previous periods
(60,000)
Resources deferred in the year
-
Deferred income at 31 March 2025
-
16
Retirement benefit schemes
2025
Defined contribution schemes
£
Charge to profit or loss in respect of defined contribution schemes
5,873		 2024
£
60,000
2024
£
60,000
-
-
60,000
60,000
2024
£
3,161

The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the trust in an independently administered fund.

DALGARNO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
Healthworks 4,754 166,654 (164,804) - 6,604
RBK&C - DYP 2,507 37,100 (34,802) - 4,805
Community Champions 25,423 60,884 (61,146) - 25,161
Foodbank 83,944 32,142 (63,794) - 52,292
Big Give Fund - Foodbank 21,244 - (21,244) - -
Dalgarno ABC 15,225 4,665 (9,882) - 10,008
Household Support RBKC 8,711 - (8,711) - -
Dalgarno Street party / Events 212 4,666 (2,662) - 2,216
Community Champions (HIU) 7,922 - (7,922) - -
DYP - Dalgarno Holiday Camps 20,000 52,776 (35,549) - 37,227
DYP - Awards for All 2,724 - (2,724) - -
DYP - Sheldon Trust 5,175 10,000 (15,175) - -
Campden Charities 13,500 - (13,500) - -
KCSC - Digital Champions for
BAME 8,723 21,514 (26,440) - 3,797
NHS - Health Winter 6,725 - (6,725) - -
DYP - Projects and Equipment 48,028 12,230 (14,903) - 45,355
Community Champion
Apprenticeship 9,586 18,853 (24,693) - 3,746
Fathers Make A Difference 11,171 - (11,171) - -
DYP - JL - Dalgarno Youth
Programme - 40,000 (34,704) - 5,296
Black History Month - 1,000 (1,000) - -
Community Organisations Cost
of Living Fund - 25,445 (10,675) - 14,770
The Big Give 2025 - 11,281 (7,051) - 4,230
City Bridge - Foodbank - 12,067 (9,067) - 3,000
295,574 511,277 (588,344) - 218,507

DALGARNO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17 Restricted funds (Continued)
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
Healthworks 123 161,560 (156,929) - 4,754
RBK&C - DYP 7,783 37,100 (42,376) - 2,507
Community Champions 26,479 58,155 (59,211) - 25,423
K&C Foundation - VIP 6,954 - (6,954) - -
Foodbank 51,208 69,875 (37,139) - 83,944
City Bridge - DYP 3,009 - (3,009) - -
Clare Ferguson - VIP 199 - (199) - -
Big Give fund - foodbank 24,105 30,296 (33,157) - 21,244
Capacity Building 1,740 - (1,740) - -
Change 4 Life 101 - (101) - -
Dalgarno ABC 2,448 15,139 (2,362) - 15,225
Health NK Self Care Digital 321 - (321) - -
Household Support RBKC 9,192 - (481) - 8,711
KT Dalgarno Boxing Event 441 - (441) - -
RBKC Community Protects 27,376 11,016 (38,392) - -
Dalgarno Street party / Events 2,453 30 (2,271) - 212
Community Champions (HIU) 4,552 6,000 (2,630) - 7,922
DYP - Dalgarno Holiday Camps 8,227 20,940 (23,495) 14,328 20,000
DYP - Awards for All 10,000 - (7,276) - 2,724
DYP - Sheldon Trust 8,207 10,000 (13,032) - 5,175
Campden Charities 6,000 7,500 - - 13,500
John Lyons - Toilet
Refurbishment 25,000 (25,000) - -
KCSC - Digital Champions for
BAME 6,800 27,668 (25,745) - 8,723
NHS - Health Winter 7,330 1,250 (1,855) 6,725
DYP - Projects and Equipment 233 40,726 (17,931) 25,000 48,028
DYP - Core 25,000 - - (25,000) -
Community Champion
Apprenticeship - 33,510 (23,924) - 9,586
Fathers Make A Difference - 16,705 (5,534) - 11,171
Black History Month - 1,000 (1,000) - -
Community Organisations Cost
of Living Fund - 42,631 (42,631) - -
265,281 591,101 (575,136) 14,328 295,574

DALGARNO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17 Restricted funds

(Continued)

Healthworks - Our Healthworks programme works in partnership with a number of organisations that represent the BME community across the borough. This programme aims to 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.

Healthworks Emotional Wellbeing – We incorporated an emotional well-being community development 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 services and other residents. By accessing this support, people will have access to a range of other provision at Dalgarno Trust to support them.

The Dalgarno Youth Programme (DYP) runs regular term time activities 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 at Westway. In this year, we secured funding from the John Lyon’s Charity to deliver two weekly youth clubs (one girls only). We continue to deliver holiday camps over the school holidays. Funded by RBKC Children’s Commissioning, Lightbulb Trust, Sheldon Trust, John Lyon's Charity, Awards for All, Westway Trust and Kitchen Social.

Community Champions - this programme builds on the skills and knowledge of local communities, bringing local people and services together to reduce inequalities and improve health and wellbeing. It is funded by RBKC and Westminster Public Health. Having concluded the apprenticeship placement in this year, the candidate went on to secure employment at Dalgarno Trust supporting residents with digital inclusion needs. We plan to run a second apprenticeship placement next year.

Foodbank - The number of people coming to our foodbank increases week on week. We continue to look at alternative resources for funding, to top up the monthly donations we receive, and this year again entered another Big Give Campaign to secure £12,000 funding towards the foodbank supported by the Childhood Trust. The Julia and Hans Rausing Trust donated funding for food vouchers over Christmas, and we received new funding from Liberty Global, whose staff would often volunteer at foodbank. Without this support we would not be able to look after people as well as we can. Our foodbank is often considered the golden benchmark of foodbanks in RBKC, and many other foodbanks will approach us about our success.

Digital Champions - this programme continues to grow in its popularity through engaging residents who are digitally excluded. Growing our partnerships across the borough through the RBKC Digital Inclusion Network, ensures we continue to deliver bespoke courses to help people get online and become digitally aware. It is funded by the NHS through KCSC.

John Lyon's Charity - is a London-wide children's charity that funds and supports organisations deliver services to children and young people. In this reporting period, we started our two weekly youth clubs which immediately attracted a large group of young people, particularly young girls as we started a girl only youth club on Wednesdays. The two youth clubs have enabled us to grow our staffing team through recruiting two new youth workers to facilitate the youth sessions and also support the ongoing development of the Dalgarno Youth Programme.

City Bridge – we secured new funding to support our Foodbank over a period of 3 years. This funding will cover the cost of the Foodbank Manager and the Foodbank Driver which enables us to allocate donations directly to the purchase of food in addition to the donations we receive.

We secured other new funding from a new Community Public Health Programme supported by RBKC and the NHS. This was a partnership project developed in collaboration with Dalgarno Trust and Fit for Life Youth. The programme will run for two years and seeks to work with residents to actively improve health outcomes.

DALGARNO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
General funds 234,322 214,343 (183,127) - 265,538
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
General funds 170,749 222,637 (144,736) (14,328) 234,322

19 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 31 March 2025:
Tangible assets
3,927
-
Current assets/(liabilities)
261,611
218,507
265,538
218,507
Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 March 2024:
Tangible assets
2,981
-
Current assets/(liabilities)
231,341
295,574
234,322
295,574		 Total
2025
£
3,927
480,118
484,045
Total
2024
£
2,981
526,915
529,896

DALGARNO TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

20 Operating lease commitments

Lessee

At the reporting end date the trust had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2025
£
1,595
1,595
3,190		 2024
£
1,595
4,786
6,381

21 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

22
Cash (absorbed by)/generated from operations
2025
£
(Deficit)/surplus for the year
(45,851)
Adjustments for:
Investment income recognised in statement of financial activities
(5,943)
Depreciation and impairment of tangible fixed assets
2,077
Movements in working capital:
Decrease/(increase) in debtors
12,042
(Decrease)/increase in creditors
(4,381)
(Decrease)/increase in deferred income
(60,000)
Cash (absorbed by)/generated from operations
(102,056)		 2024
£
93,866
(6,093)
2,833
(1,291)
8,018
60,000
157,333

23 Analysis of changes in net funds

The trust had no material debt during the year.