Dragon Christmas chltY SaIe Accounts and Trnstees, Annual Report For the year ended 31 March 2024 Charity Number 1106073
Dragon Christmas Charity Sale Index to the Accounts for the year ended 31 March 2024 Page Details of Charity's Trustees and Advisors Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet 8-13 Notes to the Finanaal Statements
Dragon Christmas Charity Sale Trustees and advisers Trustees.. Catherine Curtis Sarah Easton Cara Lari Ex Officio Trustee.. Martin Johnson Address: clo Dragon School Dragon Christmas Charity Sale Bardwell Road Oxford OX2 6SS Web Site.. www.dragonsale.org E-mail contact: Solicitors: Stone King 16 St John's Lane London ECIM 4B5 Bankers". Lloyds TSB Headington Oxford OX3 9AB Independent Examiner:
Dragon Christmas Charity TRUSTEES ANNUAL REPORT to 31 March 2024 RcferenLe and Administrative Details harit number.. 1106073 The Ttustee5, office and advisoT details are shown on page l. iv s and Activitie.s for he Public Benefit The Trust's funds may be applied for charitable purposes in any part of the world and particulaTIy those benefiting children and families. Princi al Activi The Sale is held annually on the final morning of the Dragon School Christma5 Term. Parents, pupils and staff work together, setting up a variety of stalls and activities to raise money for charity. rant makin olic The Trnstees allocate funds to charities benefiting children and famaies, with a particular focus on health, education, and the Telief OE poverty. Grants are made at the Trustees, discretion in accordan with the Sale's Grant Makins policy and guidelines published on the Dragon Sale website. The pupils at the school play a major part in researching and choosing beneficiaries. In addition, the Trustees allocate funding in support of the Dragon School Bursary Scheme at the Dragon School. The TriLStees have complied with their duty to have due Tegard to the guidance on public benefit published by the Charity Commission in exercising their powers and dutie5. AchiL'vcments and Performance The Committee organized an in-person Dragon Christmas Charity Sale which took place on 16 Decembei 2023. It was a very busy and successful sale Tesulting in £128,850 being raised for donation to charities linked to childron and families. As in 2022 there was no Live Auction and there was a sponsored marquee. The Sale wa5 opened by 5am Way, authoT and former pupil at Dragon School. This year we continued to run the Forni Vote, involving all the children across both the prep and pre-PTQP 51tes. Out of the 18 chaTities selected, 17 were the same as in previous years, in accordance with our proposal 3 years a80 OE giving charities some consistency in OUT support. The one new charity that was being supported is The Flying Seagull Project which sends trained team5 of clowns, musiaans, art15ts and performers into areas where children are facing challenging circumstances both in the UK and abroad. In addition, £1.600 remaining after the allocation of funds was donated to The Oxford Hub.
Dragon Christmas Charity TRUSTIES ANNUAL REPORT to 31 March 2024 Achievement ' nd Perform continued This yearwe allocated £50,400 to the Form Vote (up from £36,000 in 2022). In 2023124 we received 48 successful proposals from the staff and pupils at the school. 38 children from the Prep successfully gave individual presentations that were all well researched and presented, many very personal and emotional. Also 11 members OF staff proposed charitie5 that fitted within our remit to donate to chaTities supportin8 children and families in need locally, nationally or internationally. The number OE staff proposals came down from 26 so we were able to increase the grant amount for each Proposal from £500 to £lOOO. Finally, over 30 children from A Block were awarded a Young Philanthropist Award for their continiious support c)f the Sale and working at the Salo for every yeaT they have attendod the Prep School. These children were thanked for their contribution at a lunch held at School House on 20 May 2024. It has been a privilege to hear all the presentations and enable the children and staff to offer support to all the charities. As in other years the Sale has endeavoured to contribute partly or wholly towards a school bursary and this year we are very pleased to be able to 8ive a donation to the Dragon School foT a full Day Bursary in the sum of £26,650. Financi21 Revieiv The net proceeds OE the 2023 Sale were £116,988.24 of which donations were made amounting to £128,850. This has left a working capital of £17,356 for the next Sale. The financial position of the Trust is set out on pages 6 and 7 and the Trustees consider the position to be satisEactory. Investment oweTS and olic There are no long-term investments, and the Trustees s&k to maximize income on deposits held in accordance with the TTUSt Deed.
Dragon Christmas Charity Sale TRUSTEES ANNUAL REPORT to 31 Mar h 2024 Achievements gnd Performance continued Reserves olic The Trustees only retain sufficient Funds to act as working capital for the Eollowing Christmas Sale. Struetur overnance and M na ement Covernin Document The Trust was established by a DeclaTation of Trust on 14 July 21K)4. ointment of Trustees The power to appoint new Trustees is vested in the TruStS for the time being. Trustees shall not be allowed to fall below three nor made to exceed six. an1tIOn The Board of Trustees meet at least twice a year. A sub-committee makes recommendations to the main Board Tegarding the distribution of funds to charities. or risk The Trustees examine the major risks facing the Charity annually and believe their operational procedures are sueh that these risks are mitigated to an acceptable level. Plans for future )criods The charity intends to organize a live Christmas Sale in December 2024. Approved on behalf of the Board of Trustees by.. Trustee 16 025
Dragon Christmas Charity Sale INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE "DRAGON HRISTMAS CHARITY SALE" TRU I report to the eharity trustees on my examination of the accounts of the Trust for the year ended 31 March 2024 which are set out on pases 6 to 14. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requiTements OE the ChaTlties Act 2011 ('the Act,). I report in respect of my examination of the charity's account5 carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission undeT section 145{5)(b) of the Act. Independent examiner's statement I have completed my examination. I confimi that no material matters have come to my attention in connection with thL' examination giving me cause to believe that in any material respect". accounting records were not kept in respect of the charity as required by section 130 of the Act. or the account5 do not accord with those records. or the accounts do not comply with the applicable requirernents concerning the forrn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremont that the accounts ve a 'true and Eair view, which is not a matter considered as part OE an independent examination. I have no concerns and have come acTOSS no other matters in connection with the examination to whÉch attention should be drawn in this report tn order to enable a proper understanding of the accounts to be reached. Andrew Rodzynski FCA Wenn Townsend 30 St Giles Oxford OXI 3LE 24th January. 2025
Dragon Christmas Charity Sale Statement of Financial Activities or the year ended 31 E4Iarch 2024 Unrestiicted funds Note 2024 2023 Income from: Proceeds From Christmas Sale Investment income Donations and sponsorship 152,178 670 6,050 141,784 42 5,879 Total income £ 158,898 £ 147,705 Expenditure on: Raising funds: Direct cost5 of sale Independent examination fee Other costs 36,204 3,000 7,206 38,155 4,028 Charitable activities: Grants 128,550 125,440 Total expenditure £ 174,960 £ 167,623 Net Movement in Funds in year Grants from Previous years not taken up Total Funds bTought forward (16,062) (19,918) 33,418 53,336 Total Funds carried forward £ 17,356 £ 33,418 The notes on pages 8- 14 form part of these accounts
Dragon Christmas Charity Sale Balance Sheet as at 31 March 2024 Note 2024 2023 Current assets Cash held 57,676 71,947 £ 57,676 £ 71,947 Creditors: Amounts falling due within one year (40,320) (38,529} Net assets £ 17,356 £ 33,418 Unrestiicted funds £ 17,356 £ 33,418 Approved for and on behaLE of the Trustees on 16.. 202) and sisned on theiT behalf by.. Trustee The notes on pases 8- 13 form part of these accounts
Dragon Christmas Charity Sale Notes to the Financial Statements for the year ended 31 March 2024 Accounting pollcies General inforniation and basis of preparation Dragon Christmas Charity Sale is a chaTltable trust in the United Kingdom. The addTess of the principal oFfice is given in the charity information on page l of these financial statements. The nature of the charity's operations and principal activities are detailed in the TTUStees' Report. The charity constitutes a publie benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accountin8 Reporting by Charities.. Statement OE Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting StandaTd applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 as read with the Update Bulletin entitled 'Charities SORP FRS 102 Update Bulletin,, published by the ChaTtered Institute of Public Finance and Accountancy, London, in 2016,, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Practice as it applies from l Januaiy 2016 with early adoption possible. The financial statements aTe prepared on a going Conrn basis undeT the historical cost convention modified to include certain items at faiT value. The financial statements are prepared in Sterling which is the functional currency of the charity. The significant accounting policies applied in the Preparation of these financial statements aro set out below. These policies have been consistently apphed to all years presented LmLess otherwise stated. Taxation The Charity is not liable to Capital Gains or Inheritance Taxes. The Charity Is able to recover UK Tax deducted from interest. The ChaTity is not registered for Value Added Tax. Funds Unrestricted Eunds are expendable at the discretion of the Trustees in furtherance of the ChaTlty's objects.
Dragon Christmas Charity Sale Notes to the Financial Statements for the year ended 31 March 2024 Income recognition All incoming resources are included in the Statement of Finanaal Activities (SOFA) when the charity is legally entitled to the income aftei any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the chaTjty will have been notified of the amounts and the settlement date in writing. No amount is included in the financial statements for volunteer time in line with the SORP {FRS 102). Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the cate80ry. Expenditure is recognised where there is a legal or constructive obh'8ation to make payments to third paTties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It IS cate8OTised under the followins headings: Costs of raising funds includes Costs incurred by the charity in rlIng the Charity Sale; Expenditure on charitable activities includes the grants awarded by the charity; and Other expenditure represents those items not falling into the categories above. Irrecoverable VA T is charged as an expense against the activity for which expenditure arose. Grants payable to third parties are within the charitable objectives. Where unconditional gTants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the Tecipient will receive the grants. Where grants are conditional relatins to perfonnance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. Going concern The financial Statements have been prepared on a going concem basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of Funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of ieseTves for the charity to be able to continue as a going concern.
Dragon Christmas Charity Sale Notes to the Financial Statements for the year ended 31 March 2024 Trustees, expenses and interests No remuneration or expenses were paid to OT waived by the Trnstees during the year ended 31 March 2022 {2021.. £nil). Trustees. association with charities to which donations were made were as follows.. Catherine Curtis Rose Birch Saira Uppal Martin Johnson None None None Dragon School BuTsary Scheme Cash held 2024 2023 Bank current account Bank deposit account 1,551 56,125 49,846 22,101 £ 57,676 £ 71,947 Creditors: Amounts £allin8 due within one year 2024 2023 Grants Accruals Dragon School 5,850 3,000 31,470 14,600 2,009 21,920 £ 40,320 £ 38,529 io
Dragon Christmas Charity Sale Notes to the Financial Statements for the year ended 31 March 2024 Grants DRAGON SCHOOL Dragon School Bursary Scheme £ 26,550 STAFF A WARDS (Donations nominated by members of Staff at the Dragon School) Chipping Norton Theatre Ltd Education for All Morocco Ltd PDA Society NEW YATT RIDING FOR THE DISABLED Nai's House Oxford Hospital Charity Abingdon RDA Oxfordshire Discovery College Riding for the Disabled Abingdon SOS children's villages-UKISRI LANKA-Anuradhapura Hospiscare 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 TOTAL £ 11,000 YEAR GROUP DONATIONS (Nominated by the Dragon Sale Trustees and voted for by Dragon School pupils) SOFEA Big Brother Big Sisters Be Free Young Carers Access SpoTt The kid5 Network Soundabout Waves For Change Future Hope Mary s Meals Cricket Buitds Hope Kids for Kid5 Cecilys Fund A Vehide for Change - Mobiloo Wolvercote youns Persons Club Flyins Seagulls Quest for Learning Down Syndrome Oxford Yellow Submarine 2,300 2,81)0 2,800 2,300 3,300 2,300 2,300 3,300 3,300 2,800 3,300 2,800 2,000 3,200 3,200 2,300 2,800 3,300 TOTAL £ 50,400
Dragon Christmas Charity Sale Notes to the Financial Statements for the year ended 31 March 2024 5. Grants (continued) PUPIL DONA TIONS (Nominated by individual Dragon School pupils) Windale Primary School Firefly International OXIP - Oxford Parent-Infant Project Rose Hill Youth Club THE GUIDE DOGS FOR THE BLIND ASSOCIA TION Thames Valley Air Ambulance Children Heard and Seen Children with cancer UNICEF Yellow Submarine Samaritans Nai's House The Tim Henman Foundation Helen & Douglas House Garsington RDA Ltd Crohn's & Colitis UK Quest for Learning Royal Welsh Regimental Welfare and Benevolence Foundation Oxford Food Hub The Flying Seagull PToject Wooden Spoon Charity Ark-T Centre (2ueen Elizabeth's foundation for disabled people {QEFI Oxford Playhouse Trust RoadPeace The Branch Trust Stroke Association Winston's wish The brain tumour charity Roseland Youth Sailing Trust Rush Sports Community Trust CIO StToke Assoaation The Brain Tumour charity Brighter Path Freedom Charity Helen & Douglas House SCOTfY's LirfLE SOLDIERS 1,000 1,250 1,000 750 750 1,000 750 1,250 1,000 1,000 1,000 1,000 1,000 750 750 1,250 750 750 1,250 1,000 1,000 750 750 1,000 1,000 1,250 750 1,000 1,250 1,000 1,000 1,000 1,250 1,250 1,250 1,250 1,000 TOTAL £ 37,000 12
Dragon Christmas Charity Sale Notes to the Financial Statements for the year ended 31 March 2024 5. Grants (continued) ADDITIONAL AGREED DONATIONS Oxford Hub St Andrews Pc Kids for Kids 1,600 I,000 1,000 TOTAL 3,600 Total amount of grants £ 128,550 6. Other costs 2024 2023 tnsurance Printing, postage and stationery Storage and waste management Catering Other 1,068 47 1,080 4,991 20 1,099 180 900 1,650 199 £ 7,206 £ 4,028 13