REGISTERED COMPANY NUMBER: 10339168 (England alld Wales) REGISTERED CHARITY NUMBFR: 1175548 Report of the Trustees and Unaudited Financlal Statements for the Year Ended 30 November 2024 for PDGTrI LIMITED BK Plus Ltd 6th Floor Gordon Chambers 90 Mitchell Street Glasgow Lanai'kshire GI 3NQ
PDGN LIMITED Contents of the Financial Statements FOR THE YEAR ENDED 30 NOVEMBER 2024 Page Report of the Trustees Independent Examiner's Reptyrt Statement ol'Finan¢lal Actlvltles Balance Sheet Notes to the Flnanei21 Statements 8 to 12 Dttailed Statement of Financial Activitie5 13
PDGN LIMITED Report of the Trustees FOR THE YEAR ENDED 30 NOVEMBER 2024 Thc trustees who are also dircctors of Ihc chariry foi. the purposcs of the Companies Act 2006, pirscnt thcir Y¥pm"t witb the fillancial statcmcnt8 of thc ch"Ity for the yeai. cndcd 30 Novcnibei. 2024. Tl)s Irustccs havc adopted the provisions of Accounting alld Reportit]g by Charities.. Statem¢ni of Reco[TleDdCd Practice applicable to charities pi"epaiillg their accounts accordance with the Fittancial Reportillg Standai"d applicable ill thc UK and Republic of Ireland (FRS 102) Icff¢ctive l January 2019). OBJF,CTIVES AND ACTIVITIES Objeetives and aims The objectives and ainis of PDGN Limited are to infomi. by a variety of means including Jnc¢tittgs, confer¢nces, newslctter5, c-mails and w¢b-based inforniation. clccted Members in national and state legislattwcs of thc latcst infurnvdtion on diabetes carc, trcdtmcnt and researcl) lo cnablc tlicin to be as effective as possible in advocating for itnproveynents to secur¢ the relief of nced and rclicf of sickness amoiigst people affected by diabetes, by fullding> SllPPOrting alld prolliotiiig diabetes research and ethication, including thc publi¢auon of tbe useful results of any research, relating to thc causes, prevejjtion and QU of diabctcs. ACHIFVEMENT AND PERFORMANCE Charitable activities In the year to 30 Nov¢mb¢r 2024, PDGN Litllitcd did retiister a modest iticrcasc in the overall numbcrs of its membership. Maintalliing membership continlles to be a challcng¢, giveh the tUrnOVCT of elected represcntaLivrg at Genei'al Elections and through ret1ieniit. PDGN is particulai'ly active in iiiviling fomier mcmbcrs lo become alumni of thc Nctwork. PDGN was plcascd io help to establish and support diabetes worlang g'oups in Ihc Parliamciits of scverdl coiuitries on tbc introduction of soda taxcs. llation&l didbetes plans and scre¢ning programmes, and it oi'gallised a P.11#Melltary Panel of Spanish M¢mbei's of P.11a[llcn1 in Madrid in November 2024. Thc Nc¢work has also been r¢presented by its senior Icaderg at several of the mijoi. diabetes contci'cnccs like ATTD, the ADA Congress, Diabetes UK Annu&l Professional confercDCC. 2nd the EASD meeting. Th¥ Network lias conliJ]uttd to produce its quai'lcrly Global Diabctcs Advoc&Ly News onliiic publicatioii. It has been wcll I'cccived and Lii'culation has agaill iilLreased in thc ycai. Cnded 30 Novcmbci. 2024 thallks to collaboration aCernets with the Diabctcs LeaderS'p Council and its meinbei's in thc United States, and with Ihc International Diabclcs Fcd¢ration whicli is repi'csent¢d iii most countt'ics. The N¢wsletter fLOW reaclic.s over 5,000 legislators aiid decision makers. PDGN is most grateful to Dexcom Inc for its spoii%oi'ship of the Newslctler, gnd was pledsed to secur¢ fundin(F from DexLom lllc to publish it iii 2024125. PDGN was actively it)volved in th¢ launch of GDAN, the Global Diabetes Advocacy Nctwork whicli was officially launch¢d in March 2024 in Florcn¢¢. PDGN ploduccd tl)¢ quartei'ly GDAN News for the Netwoi'k until the hrst quaiter of 2025. for which it received income troin tbe Diabetcs Leadership Council in USA. GDAN is cun'ently planning a relaunch of its Bctivities, registering itself in the Nctherlan(ts. AddiLi01)al capacity was i'cciviied dllriiig the year lo cope witli the iiicreascd productioii of publicalioiis. Dr Sana Ajmal and Cyrin¢ Fw.hat assisted the Secrcfary-General with PDGN'S publibations work. PDGN instituted a European Award for the Diabetes Parlianlcntary Champion who was judged to have Iiclpcd raise awareness of diabclc5 in a po.%itive way. Thc Award was preseiited in luly 2024 to the Rt Holi Sir Liiid4dy Hoyle MP, Speaker of the House of Commoii.% iii Lhe United Kingdom. Page I
PDGN LThIITED Report of the Trustees FOR THE YEAR ENDED 30 NOVEMBER 2024 FINANCIAL REVIEW Financial position The incoine receivcd for PDGN'8 work in produlitig ibe Globa] Diabetes Advocacy Network's quarterly publicatioii hclpcd to incrcasc th¢ incomc of PDGN in the year to 30 November 2024 to £146,250. Expcnditurc also increased ill the year to £96,660, resulting in a surplus of illcoinc ovei. cxpciiditurc of £49,590 (2023 £6279). Witli unrestricted fi3nds of £111,502 at 30 Novembcr 2024. and a faiTly hcalthy cash position. the In1¢¢8 Lollsider that the Nctwoi'k has adeqal¢ cash rcsoui'ccs to carry Élul ifb work in thè coming year. Regular pbysieal and virtual ineetings bave taken placc tn thc year with cory)orate pt¢[s. other potential parthcrs and Associatc illenibcr8. FUTURE PLAP4S The Netwnrk plaii.% to organise 2 meeting in Malta of Members of Parliament from a number of differeiit counli.ies iii Noveinber 2025 to mai'k World Dtabetes Day. At this planned meeting, thc Presidenl ot ihc ilctllalional Diabeies Federation will 0nCe a major iiiitiative in iiational diabctcs reporting? and thc highlight will be tlie prcscntatioii of the Global Diabclcs Parliamcntary Chanipion Awai.d to the formcr Prime Minister of tlie United Killgd0 the Rt Hon tbc Baronc5s May of Ma]dcnhd (The$ May). It is illteiided that tbe event will hclp to incr¢as¢ tb¢ Inembership of PDGN through establishing aiid strengtheniiig Diabclcs Parliamciitary Working Groups, ui line with the PDGN Strategic Plan's Implemcntation Plan. Netwoi'k will continu¢ to strengthen its ties with Members in othei. legislatures, and it will bc rcprcscntcd at major diabetes conferences attd meetings. STRUCTURE, GOVEIiNANCE AND MANAGELVAENT Governing document The charity is controlled by its goveniing documeiit, a deed of [nt, and constitutes a lirnited company limited by gualtee, as dctmcd by thc Conipanics Act 2006. PDGN Liinilcd is govcrii¥d by a bolwd of diirctors wl)o arc both UK citizciis, as rcqiiii'cd undcr ils ballkiiig arrangements with Santander UK. The Secretary General i'cports to the Board 2nd canies out its policy decisions. The tsi]stees of PDGN Limited, for the purposes ot. reporting to the Charity Commission with whom it is registered, are Sir Michael Hirst and Johii Bowls OBE. The Co-chairs of the Global NeNvork are Sir Michacl Hii'si. Jolin Bowls ORE and Christophci. Delicuta of Malta who have served tIOUghoUt the year. The Sccrctary-GcJicral, Ath.ian Sanders. ha8 continued tt) serve throughout th¥ year undcr revicw with distinction. and the Trustees again r¢¢ord their appreciation of i]is outs¢anding scivicc. Ath'ian st¢pp¢d back from 50m¢ ot- his i'¢sponsibilities as Secretary-Genei'al in April 2025 aTid was suc¢ecd¢d by Dr Sana Ajll)81, who had been appointed Deputy Sec1.eY-Genei.al of PDGN in Januaiy 2025. REFII RENCK AND ADMINISTIL4TIVE DETAILS Registered Company number 10339168 (Englaiid and Wales) Registered Ch4rlty number 1175548 Pagc 2
PDGN LILlllTED Report of the Trustees FOR THE YEAR ENDED 30 F40VEMBER 2024 Registered vftlce 44 Eloward Ro<id New Malden sU¢Y KT3 4EA Truste¢s Sir M Hirsl J C Bowls CoTnpally Secretary Sir M Hii'st Independent Examlner BK Plus Ltd 6th Floor Gordon Chambers 90 Mitchcll Strcct Glasgow Lanarkshii'c GI 3NQ Approvcd by order of the board of trustees on 16 May 2025 and signcd oll its bchalf by.. IL. Sir M Hirst- Secretary Pagc 3
Independent Eiaminer'5 Report to the Trustees of PDGN Llmlted Independent examiner's report to the trustees of PDGN Limited ('the COmpaY'} I repoit to tlie chaiity tiwstC¢5 on my examination of th¢ &c¢oullts of the C.ompally for the year ended 30 Nov¢mber 2024. RespoDslbi]ities and basis of report As thc charity's trustccs of the Company {aiid also its directors foi. thc pu4)oscs of LOInplY law) you aTC r¢sponsible for thc pi'eparation of the aCContS in accordance with tlic rcquircments of tbe Companics Act 20061'the 2006 Act,). Having satisficd myself tbat thc accounts of Ihc Compaiiy arc not rcquiied to be aiidited uiidcr Part 16 of the 2006 Act and are eligiblc foi. indcpcndeTht exaii]tnation, I rcpui't in i'espect of niy rxamitiation of YOUT chai'ity's 2Lccounts as caiTied out und¢r Se¢tion 145 of thc Chariti¢s Act 2011 I'ihc 2011 A¢t'). In cairying out rny cxainination I have followcd the DireLtiolls given by th¢ Charity Conlluission widci. ScGtioo 145(5) (b) of tlic 2011 Act. Independent examlner's statement I have completed my exasn1tIO1i. I confirm that llo ntterS have eome to my att¢ntion in connection with thc cxamIatiOn giving rlle Cause to believe.. accounting rccoi'ds were not kept in i'esp¢ct of tb¢ Company as Yequii'ed by Section 386 ot th¢ 2006 Act,. or tb¢ accounts do not accord with those records; or the dCCOllnis do not cOpIY with the aLcoiintiiig requiretnts of Section 396 of the 2006 Act othcr than any requircincnl Iliat the a¢coullts givc a Inic alld fair view which is IkQt a matter considci'cd as part of an indepcndent examination; or the accounts havc not been pi'epared in accord2n¢e with the mcthods and principles of thc Statement of Rccoiiiiiicnd¢d Practice for accounting arhd reporting by charities (applicablc to charities pr¢paring their accouttls in accordance with th¢ Financial Repotting Standard applicablc in the UK and Republic of Ir¢land (FRS 102)). I have no concciiis and havc come across no other mattci's connectton with thc cxatnillation to which attention should be drawn ID this report in order to enable a proper ullderstandiiig of the accounts lo bc reached. Doiiglas Woodhouse BK Plus Ltd 6th Floor Gordon Chambers 90 Mitchell Street Glasgow Ldniirksl)ire GI 3NQ 19 MAY 2025 Page 4
PDGN LIMITED Statement ofFinJncial ALtivlties FOR THE YEAR ENDED 30 NOVEMBER 2024 2024 Uni'esti-ILted fund 2023 Total funds Notes INCOME AI¥ID ETrIDOWMENTS FROM Donaliolls and leLFacies 146,250 85,409 EXPENDITURE ON RaisiDg funds 1,874 4,723 Cliaritable *ctAvltles Costs incUed on cliaiitablc activities 94,786 74,407 Tfrtal 96,66D 79,130 IT INCOME 49,590 6,279 RECONCILIATION OF FUNDS Total fiu)ds brought forward 61,912 55,633 TOTAL FUNDS CARRIED FORWARD 111,502 61,912 Tlie iiotcs form parl of these financial statemenls Page 5
PDGN LIMITED Balance Sheet 3U NOVEMBER 2024 2024 Unrestrifted fund 2023 Total funds Notes FIXED ASSETS Tangible asscl CURRENT ASSETS Debtoi's Cash ai ballk 9,618 66,301 146,177 146,177 75,919 CRF.DITORS Amounts falling due within onc ycaT (34,676) (14,008) NET CURREDJT ASSETS iii,soi 61.911 TOTAL ASSETS LESS CURRENT LIABlTIEs 111,502 61,912 NET ASSETS 111,502 61,912 FUNDS Unr¢stti¢t¢d funds 111,502 61.912 TOTAL FUNDS 111,502 61,912 The charitabl¢ Gompany is entitled to exemption from audit ullder Section 477 of the Compallies Act 2006 for tbc ycar ciidcd 30 Novenjbcr 2024. The in¢mbers have not requircd thc company to obtain an audit of its hnan¢ial statements foi. thc ycar ended 30 Noveinber 2024 in accoi.dat)ce wilb Section 476 of th¢ Compdnies Act 2006. The tiwtccs acl(nowl¢dge their responsibilities foi. la} clisuriiig that the charitable company kEeps accounting records that coll)ply with Seetiolls 386 and 387 of Ihc Compallies Act 2006 and (b) prcp¢iriiig fin4incial statenicnls wliicli give a ttue and fair Yicw of tjic state of affall's of tlie charitablc Company as at thc cnd ot ea¢l) financial year and of its sui'plus or deficit foi. cach financial y¢ar in accordance with thc i'cquii'ements of Sections 394 and 395 and which oth£rwi5c conjply with tbe requiremcnts of the L'onjpallies Act 2006 rclatiiig to financial statemcnts, so faT as ttpplie2ble to the charitabl¢ company. Tlie notes form part of these financial statemcn18 Pag¢ 6 conÉinued...
PDGN LIMITED Balance Sbeet- continued 30 NOVEMBER 2024 These fiiiaiicial statements havc be¢n i)r¢parcd ift aLcordai)ce with the provisions applioablc to charitable companics 8ubjcct to the small companieg i"E8ime. The tinancial stat¢ment8 were approved by the Board of Truslces and authorised for issu¢ on 16 May 2025 and we,gIgned on its behalf by.. M Hll'St- Trustee J C Bowls- Trustcc Tbe iiotes foi'm part of thesc finaniial $lutem¢nts Page 7
PDGN LIMITED Notes to the Financial Statements FOR THE YEAR ENDED 30 P40VEMBER 2024 ACCOUNTING POLICIES Basi5 of preparing the fanCI#l statements The financsal stdtetnents of Ihc charitable company, wliieh is a public bcnefir entity uMd¢r FRS 102, liavc bccn pi'epared in accordance with the Charitics SORP (FRS 102) 'A¢eounting and Repoiting by Chariti¢s.' Statement of Rccommended Practice applicable to chai'ities preparing their accounts in accordaiice with the Fiiiaiicial Reporting Standard applicable iii the UK and Republi¢ of Irelalld (FRS 102) (effectsve l January 2019),, Financial R¢portino Slandard 102 'Tlie Financial R¢porLing Standard applicable in thc UK and Republic of Irclaiid, ]d thc Compallies Act 2006. The financial statcmciils havc been preparcd wider the historical cost convention. Income All income is recolSed in the Statement of Fiiiaiicial Activiti¢s once the charity has entitIenllt to tli¢ funds, it is pi'obable that the income will b¢ received and the Éunount can b¢ meaS'ed i'eliably. Expendlture Lidbilities are i'¢cowiised as expeiiditure as soon as there is a legal or con.%tctIVe obligation ¢ommitting the charity to that expcnditurr, it is probablc that 41 transfer of ¢CQllomic benefits will bc required in scttlement and thc ainount uf the oblig&tioii ran be ineasui'ed reliably. Expenditure is aceounlcd for on an accruals basis and has becn classified undcr hcadings that awcgate all cost related ta tlie category. Whcrc costs cat]not be dircctly attributed to particular lieadings th¢y have been allocalcd to aclivities on a basis tonsistenl with tlie use of resourccs. Tangible flxed asset5 Deprccialion is provided at the following allnual rates itt order to wiite off each asset over its estimatcd useful life. Computer equiprnent 3 y¢ars Taxation The ¢liarity is exempt from coiporation tax on it$ eharitable activities. Fund accounting Um'c5trirt¢d funds can be used in accordance with the cliai'Ltable objectives at the discr¢tion of the trust¢cs. ReStriCd funds can only be used for particular I'estriclcd purposes within the objects of Ihc charity. Restrictiolls al'is¢ when spccificd by the donor or when fi]nds arc iaiscd for particular restricted purposes. Further fxplaiiation of the iiatLty¢ aiid purpose of ¢ach fund is iiiclud¢d in the iiotes to thc finaDci&l statcments. Page 8 continued...
PDGN LtVllTED Notes the Financial Statements- continued FOR THE YEAR ENDED 30 NOVEMBER 2024 NET INCOMEI(EXPENDITURE) Net incomel(¢xpendithre) is stated after cbarglligl(crcditing).' 2Éb24 2023 Depreciation- owned assets 416 TRUSTEESI REMUNERATION AND BENEFITS Therc wcrc no trustccs, rcmwicralion or other benefits for the year ended 30 November 2024 nor for tli¢ ycar elided 30 November 2023. Trustees, expenses Expeiises paid to the trusleeb in the year tolalled £13,340 (2023.. £13,047) Th¢sc ¢xpc115ex wcre to reimbut3e one ttwstee for costs incw'i-ed in tultilling th¢ii. duties lo the cliai'ity. These costs include travelling specifically foT charity mcctitlgs, confereiices and promoting the charity as well as admÉnistrative exp¢nses and some me¢ling costs. COMPARATIVES FOR THE STATEMENt OF FINANCIAL ACTIVITIES Unrestricte nd INCUME AND ENDOWMENTS FROM Donations and legacies 85,409 EXPENDITURE ON Raising fid8 4,723 Charitable activitie5 L05ts incurred oil chai"itabl¢ activitics 74,407 Total 79,130 NET INCOME 6,279 RECONCILIATION OF FUNDS Total funds bioughi foiivard 55,633 TOTAL FUNDS CARRtED FORWARD 61,912 Page 9 continued...
PDGN LIMITED Nutes to the Financial Stat¥ments- corJtiRued FOR THE YEAR ENDED 30 NOVEMBER 2024 TANGIBLE FIXED ASSETS Computer ¢quipmcnl COST At l D¢cemb¢r 2023 and 30 November 2024 1,249 DEPRECIATION At l December 2023 and 30 Novcn]b¢r 2024 1,248 NET BOOK VALUE At 30 Novcinbcr 2024 At 30 Nov¢mb¢r 2023 DEBTORS: AMOUNTS FALLING DUE WITHtN ONE YEAR 21124 2023 Other debtors 9,618 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 21124 2023 Deferred income Accrned expenses 21,567 13,109 7,493 6,515 34,676 14.008 MOVEMENT IN FtMs Net movement iii funds At 1.12.23 30.11.24 Unre5tri¢ted funds General fimd 61912 49,590 111,502 TOTAL FUNDS 61,912 49,590 111,502 Page 10 continued...
PDGN LIMITED Notes to the Finallcial StatemelltS- CODtliiued FOR THE YEAR ENDED 30 f40VEMBER 2024 MOVEMENT YN FUNDS- contlllued Nct movcmcnt ill funds, lli¢luded in thr abovc arc as follows= Incoyning resollr¢c5 Rcsources expended Movement in fiJnds Unrestricted funds Gcncral fiiiid 146,250 (96,660) 49,590 TOTAL FUIYDS 146,250 (96,660) 49,590 Comparative5 for movement ID fllnds Net movement iii funds At 1.12.22 30.11.23 Unrestricted funds Genei'al tund 55,633 6,279 61,912 TOTAL FUNDS 55,633 6,279 61.912 Comparativ¢ llet inov¢ment in fimds, included in the above are as follows.. Incoming r¢50ur¢¢s Resources ¢xp¢nded Movement in fidS Unrestricted funds Gcneial fwid 85,409 (79.130) 6,279 TOT AL FUNDS 85.409 179,130) 6,279 A cun.ellt ye. 12 months alld prior y¢ar 12 nionths combined position is as follows.. N¢t n)ovement ill funds At 1.12.22 At 30.11.24 Unrestricted funds General fund 55,633 55,869 111.502 TOTAL FUNDS 55,633 55,869 111,502 Page 11 ontinued...
PDGN LKMITED Notes to the Financial Statements- continued FOR THE YEAR ENDED 30 P40VEMBER 2024 MOVEMENT IN FUNDS- Lontinued A cw'i'ent year 12 mollths attd prioi. ycar 12 months combincd iJet movcinent in fid8. included iti t]Ic above ayc as follows.. icomuig resourcc Rcsources cxp¢iided Movement in funds Unrestricted funds G¢nerdl thlld 231,659 (175,790) 55,869 TOTAL FUNDS 231,659 (175,790) 55,869 RELATED PARTY DISCLOSURES Tbere were no telated paty transactions for thc ycar cndcd 30 November 2024. Page 12
PDGN LIMITED Detalled Statem¢nt of Flnancial Actlvlties FOR THE YEAR Et44DED 30 NOVEMBER 2024 2024 2023 INCOME AND ENDOWIIqENTS Donations and legacies Donations Subscriptions 138,9711 7,280 77,391 8,018 146,250 85,409 Total incoming resources 146,250 85,409 EXPENDITURE Otljer trading a¢tlvlties Costs of fundraising 1,874 4,723 Charfitable actlvities Remuneration of Secretary Gelleral ReElluneration of assistant5 Administsativc cxpenses COnferct expenses Promotioii of global iictwork Costs Df oihci. meeliiigs Website develi)pmeDt and mainteDan&¢ Seminar expen.qcs Compuler cquipmcnt 50,000 8,149 3,088 19,594 1,778 6J91 36,000 2,888 2,364 15,973 1.090 2,021 43 9,453 416 89,200 70,248 Suppoi't e05t8 Finance Batjk charges 56D 300 GovernaDee costs Board m¢¢tings Ind¢pendcnt examiners fee8 2,376 2,6511 1,479 2,380 5,U2 3,859 Total rcsources exp¢ndcd 96,660 79,130 Net income 49,590 6,279 Tliis page does not form pait of lh¢ stAlulory financial statements Page 13