Dragon Christmas Charity Sale
Accounts and Trustees' Annual Report
For the year ended 31 March 2025
Charity Number 1106073
Dragon Christmas Charity Sale Index to the Accounts for the year ended 31 March 2025 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 Financial Statements
Dragon Christmas Charity Sale
Trustees and advisers
Trustees: Catherine Curtis Sarah Easton Rosalee Rich Ex Officio Trustee: Martin Johnson Address: Dragon Christmas Charity Sale c/o Dragon School Bardwell Road Oxford OX26SS Web Site: www.dragonsale.org E-mail contact: bursar@dragonschool.org Solicitors: Stone King 16 St John's Lane London EC1M4BS Bankers: Lloyds TSB Headington Oxford OX39AB Independent Examiner: Wenn Townsend 30 St Giles' Oxford OXl 3LE
1
Dragon Christmas Charity SaIe TRUSTEES ANNUAL REPORT to 31 March 2025 Reference and Administrative Details Charit number: 1106073 The Trustees, Offi and advisor details are shown on page l. Ob"ective5 and Activities for the Public Benefit The Trust's funds may be applied for charitable purposes in any part of the world and particularly those benefiting children and families. Princi al Activi The Sale is held annually on the final momins of the Dragon School Christmas Term. Parents, pupils and staff work together, setting up a variety of stalls and activities to raise money for charity. Grant makin oli The Trustees allocate funds to charitles benefiting thildren and families, with a particular focus on health, education, and the relief of poverty. Grants are made at the Trustees, discretion in accordance with the Sale's Grant Making 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 Sdiool. The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. Achievements and Perfonnance The Committee orsanized an in-person Dragon Christmas Charity Sale on 14 December 2024. The decision was taken to no longer have the sponsored marquee and to revert to usins the Lynam Hall for many elements of the Sale including the sale of wreaths, Dragonalia, deli Produ and gingerbread houses which were all very popular and successful. Authors Corner was moved from the library to the new Skippers building and we are very grateful to the school for allowing this. This was a successful sale resulting in £102,750 being raised for donation to diarities linked to children and families. This year we continued to run the Forni Vote, involving all the children across both the prep and pre- prep sites. Out of the 18 charitie5 selected, 17 were the same as in previous years, keeping with our proposal 5 years ago of giving charities some consistency in our support, so they can plan ahead enablins sreater impact and meaning from the donations. The one new charity is Iuventas Foundation, an Oxford based youth mentoring charity that provides young people with professional mentoringi life coaching and mental health support.
Dragon Christmas Charity Sale TRUSTEES ANNUAL REPORT to 31 March 2025 Achievements and Perforniance continued This year we allocated £31,500 to the Forni Vote (£36,9(K) in 2024). In 2024125 we received 65 successful proposals from the staff and pupils at the school. 31 children from the Prep and 16 from the Pre-Prep successfully gave individual presentations that were all well researched and presented, many very personal and emotional. Also 18 members of staff proposed charities that htted within our remit to donate to charities supporting children and families in need locally, nationally or internationally. Finally, 30 children from A Block were awarded a Young Philanthropist Award for their continuous support of the Sale and working at the Sale for every year they've attended the Prep School. They all received certificates acknowledgins their extraordinary contribution to the Sale. These children attended a lunch held at the Prep school attended by Emma GoldsmitlL Head of the Prep School. 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 sive a donation to the Dragon School of £20,000. Financial Review The net proed5 of the 2024 Sale were £106,024 of which 84 donations were made amountins to £102,750 so an amouiit of £3,274 remains. Tosether with prior year retained earnings of £17,356 leaving £20,630 to act as working capital 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 satisfactory. Investment owers and li There are no long-term investments, and the Trustees seek to maximize income on deposits held in accordance with the Trust Deed. Reserves oli The Trustees only retain sufficient funds to act as working capital for the following Christmas Sale. Structure Governance and Mana ement Governin Document The Trust was established by a Declaration of Trust on 14 July 2004. ointmeiit of Trustees The power to appoint new Trustees is vested in the Trustees for the time being. Trustees shall not be allowed to fall below three nor rnade to exceed six.
Dragon Christmas Charity Sale TRUSTEES ANNUAL REPORT to 31 March 2025 Structure Governance and Mana ement continued anisation The Board of Trustees meet at least twice a year. A sub-committee makes recommendations to the main Board regarding the distribution of fund5 to diarities. 'or risks The Trustees examine the major risks faang the Charity annually and believe their operational procedures are such that these risks are mitigated to an acceptable level. Plans for future eriods The tharity intends to organize a live Christmas Sale in December 2025. Approved on behalf of the Board of Trustees by: Catherine Elizabeth Curtis (Trustee)
Dragon Christmas Charity Sale INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE "DRAGON CHRISTMAS CHARITY SALE" TRUST I report to the charity trustees on my examination of the accounts of the Trust for the year ended 31 March 2025 which are set out on pages 6 to 14. Responsibilities and basis of report As the tharity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the ACV). I report in respect of my examination of the tharity's accounts 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 under section 145{5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in coiThection with the examination giving me cause to believe that in aiiy material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act,. or the accounts do not accord with those records. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view. which is not a matter considered as part of an independent examination. I have no concerns and have come acro no other mattels in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Andrew Rodzynski FCA Wenn Townsend 30 St Giles Oxford OXI 3LE t?. 2026
Dragon Christmas Charity Sale Statement of Financial Activities for the year ended 31 March 2025 Unrestricted funds Note 2025 2024 Incorne from: Proceeds from Christmas Sale Investment income Donations and sponsorship 124,899 800 4,500 152,178 670 6,050 Total income £ 130,199 £ 158,898 Expenditure on: Raising funds: Direct costs of sale Governance Costs Other costs 15,220 4,344 4,611 36,204 3,000 7,206 Charitable activities: Grants 102,750 128,550 I'otal expenditure £ 126,925 £ £ 174,960 Net Movement in Funds in year Grants Erom previous years not taken up Total Funds brought forward 3,274 (16,062) 17,356 33,418 Total Funds carried forward £ 20,630 £ 17,356 The notes on pases 8 - 13 form part of these accounts
Dragon Christmas Charity Sale
Balance Sheet as at 31 March 2025
----- Start of picture text -----
Note 2025 2024
Current assets
Cash held 3 149,351 57,676
Receivables 4 3,729
£ 153,080 £ 57,676
Creditors: Amounts falling due
within one year 5 (132,450) (40,320)
Net assets £ 20,630 £ 17,356
Unrestricted funds
£ 20,630 £ 17,356
----- End of picture text -----
Approved for and on behalf of the Trustees on · 2026 and signed on their behalf by: c= 1J{).n.l,(.j e. [. eli
Catherine Elizabeth Curtis (Trustee)
The notes on pages 8 - 13 form part of these accounts
7
Dragon Christmas Charity Sale Notes to the Financial Statements for the year ended 31 March 2025 Accounting policxes General inforniation and basis of preparation Dragon Christmas Charity Sale is a charitable trust in the United Kingdom. The address of the principal office is given in the charity information on page l of these finanaal statements. The nature of the charity's operations and principal activities are detailed in the Trustees, Report. The charity constitutes a public benefit entity as defined by FRS 102. The finanaal statements have been prepared in accordan with Accounting 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) issued on 16 July 2014 as read with the Update Bulletin entitled 'Charities SORP FRS 102 Update Bulletin,, published by the Chartered Institute of Public Fiiiance aiid 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 January 2016 with early adoption possible. The financial statements are prepared on a going conrn basis under the historical cost convention modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charlty. The significant accounting poliaes applied in die preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Taxation The Charity is not liable to Capital Gains or Inheritan Taxes. The Charity is able to recover UK Tax deducted from interest. The Charity is not registered for Value Added Tax. Funds Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the Charity's objects.
Drason Christmas Charity Sale Notes to the Financial Statements for the year ended 31 March 2025 Income recosnition All incoming resources are included in the Statement of Financial Actkvities (SOFA) wheii the charity is legally entitled to the income after any perforrnan conditions have been met, the amount can be measured reliably and it is probable that the income will be reived. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. No amount is included in the finanaal 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 category. Expenditure is recosnised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount o( the obligation can be measured reliably. It is categorised under the following headings: Costs of raising funds includes costs incurred by the charity in rUrIng 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 VAT is charged as an expense against the activity for which expenditure arose. Grants payable to third parties are within the diaritable objectives. Where unconditional grants are offered, thks is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where srants are conditional relating to Performan 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 concern 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 reserves for the charity to be able to continue as a soing cOnrn.
Dragon Christmas Charity Sale
Notes to the Financial Statements for the year ended 31 March 2025
2. Trustees' expenses and interests
No remuneration or expenses were paid to or waived by the Trustees during the year ended 31 March 2025 (202: £nil).
Trustees' association with charities to which donations were made were as follows:
Catherine Curtis None Rosalee Rich None Sarah Easton None Martin Johnson Dragon School Bursary Scheme
3. Cash held
| 3. | Cash held | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| Bank current account | 1,473 | 1,551 | ||||
| Bank deposit account | 147,878 | 56,125 | ||||
| £ 149,351 | £ 149,351 | £ 57,676 | £ 57,676 | |||
| 4. | Receivables | |||||
| 2025 | 2024 | |||||
| Dragon School | 3,729 | |||||
| £ 3,729 | ||||||
| 5. | Creditors: Amounts falling due within one year | |||||
| 2025 | 2024 | |||||
| Grants | 82,750 | 5,850 | ||||
| Accruals | 3,150 | 3,000 | ||||
| Dragon School | 46,550 | 31,470 | ||||
| £ 132,450 | £ 132,450 | £ 132,450 | £ 40,320 | £ 40,320 |
Dragon Christmas Charity Sale Notes to the Financial Statements for the year ended 31 March 2025 Grants DRAGON SCHOOL Dragon School Bursary Scheme £ 20,000 STAFF AWARDS IDonations nominated by members of Staff at the Dragon School) Autism family support Oxfordshire British Ukrainian Aid Cure DHDDS Cystic Fibrosis Trust Helen and Douglas House Children's Hospice Hospiscare Ignite Youth NSPCC Oxford Hospital Charity Oxfordshire Discovery College PDA Society Peeple SOS children's villases, UK SSNAP (Supportiiig sick newborns and their parents) Zarach 2,000 1,000 1,000 1,000 2,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 2,000 1,000 TOTAL £ 18,000 YEAR GROUP DONATIONS (Nominated by the Dragon Sale Trustees and voted for by Dragon School pupils) A Vehicle for Chanse - Mobiloo Access Sport Be Free Young Carers Cecilys Fund Cricket Builds Hope Down Syndrome Oxford Flying Seagulls Future Hope Kids for Kids Mary's Meals Quest for Learning SOFEA Soundabout The Iuventus Foundation The kids Network Waves for Chanse Wolvercote young Persons Club Yellow Submarine 1,750 1,500 1,500 1,500 2,000 1,500 2,000 2,000 2,000 2,000 1,750 1,750 1,750 1,500 1,750 1,750 1,500 2,000 TOTAL £ 31,500
Dragon Christmas Charity Sale
Notes to the Financial Statements for the year ended 31 March 2025
6. Grants (continued)
| PUPIL DONATIONS (Nominated by individual Dragon School pupils) | |
|---|---|
| Alzheimer's Society | 1,000 |
| Asylum Welcome | 250 |
| At The Bus | 750 |
| BLAP | 250 |
| BookTrust | 250 |
| Breakthrough TlD | 750 |
| British Red Cross - Ukraine Crisis Appeal | 250 |
| British Ukrainian Aid | 250 |
| Children Heard and Seen | 1,500 |
| Cutteslowe and District Community Association | 250 |
| Firefly International | 1,000 |
| Flying Seagulls | 1,000 |
| Garsington Riding for the Disabled Ltd | 750 |
| Give a Duck Foundation | 1,250 |
| Happy Days Charity | 250 |
| Harrison's Fund Ltd | 250 |
| Hearing dogs for deaf people | 250 |
| Limb Power | 250 |
| Lumos | 250 |
| Make-A-Wish Foundation UK | 250 |
| NEW YATT RIDING FOR THE DISABLED | 750 |
| NewDay United | 1,000 |
| Oxford Food Hub | 1,250 |
| Oxford Wheels Project | 750 |
| Oxfordshire Fund for Music | 750 |
| OXIP - Oxford Parent-Infant Project | 1,000 |
| Parkinson's UK Yorkshire and Humber Younger Person's Support Group | 1,000 |
| (YHYPSG) | |
| PSPA | 250 |
| Queen Elizabeth's foundation for disabled people (QEF) | 1,000 |
| Rareminds | 1,000 |
| Refuge | 1,000 |
| Road Peace | 1,000 |
| Rose Hill Junior Youth Club | 1,000 |
| Ruth Strauss Foundation | 750 |
| Scouting movement | 750 |
| See Saw | 1,000 |
| SSNAP | 250 |
| Thames Valley Air Ambulance | 1,250 |
| The Brain Tumour Charity | 1,250 |
| The Branch | 1,250 |
| The Felix Project | 750 |
| Tim Henman Foundation | 1,000 |
12
Dragon Christmas Charity Sale Notes to the FinanciaI Statements for the year ended 31 March 2025 6. Grants Icontinued) Turville School Trust Wooden Spoon Society Yellow submarine 250 1,000 1,000 TOTAL £ 33,250 Total amount of grants 102,750 7. Other costs 2025 2024 Insurance Printing, postage and stationery Storage and waste management Catering Commissions and Fees Expense Other 1,128 320 1,068 47 1,080 4,991 2,339 706 118 20 £ 4,611 £ 7,206 13