Charity registration number 1201803 DONS LOCAL ACTION GROUP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
DONS LOCAL ACTION GROUP LEGALAND ADMINISTRATIVE INFORMATION Trustees R Ecaley V Sway51and C Connor R l Jeffery R CG Weaver IAppointed 2 February 20231 (Appointed 10 january 20241 IAppointed 6 September 20231 IAppointed 4 July 20231 IAppointed 17 June 20241 IAppoiNted 13 April 20231 (Appointed 2 February 20231 IAppointed 2 February 20231 C ThreadEold P Wilkins X C C Wiggins Charlty number 1201803 Company number CE031299 Registered office Cherry Red Stadiu Plough Lane London SW17 ONR Independent emaminer TC Group Star House Rochester Kent MEI IUX
DONS LOCAL ACTION GROUP CONTENTS Page Tru5tee5' report Independent examiner's report Statement Df financial activities io Statement of financial position li Statement of cash flows 12 Notes to the financial statement5 13-22
DONS LOCAL ACTION GROUP TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the period ended 31 March 2024. The financial statements have been prepared in accordance with the accounting pclicie5 set out in llote I to the financial statements and comply with the charity's governing document, the Charities Act 2011 and 'Accounting and Reporfing by Ch3rities'. Statcment of Rpcommended Practice applicable to charities preparing thp.ir accounts In 3ccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffcctive I January 20191. Objectives and activities The aim5 of Dons Local Action Group I'DLAG'I need to be understood in the context of the prevalence of povertv in the UK. According to the joseph Rowntree Foundation, there were some 22°A ol the UK'S population living In poverty In 2022. In London, the area of thp operations of DLAG, the statistics are even starker with an estimated 25Vo of households living in poverty. DLAG'5 Eommitment to its aim of addressing poverty issues in the commLJnity, through the activities described below, remain5 unwavering. The activities ol DLAG may Ihange but we will aim to ensure thal the way it is run and governed is fit for purpose. As long as our cofflmunity require5 assistance, we will aim to bringhope and dignitytothose in need. Objectives The princip31 objective of DLAG is to respond to the overwhelming pressure of poverty in our local communitv through sourcing provisions and redistributing them to those in acute need as a result ol poverty. DLAG has an enEaEed, dynamic and resilient volunteer network dedicated to helping people fight poverty across three key focu5 areas.. -food and hDusehold supplies -furniture 3nd appliances -laptops and other device5, through our Keep Kids Connected initiative DLAG operates within the boroLJghs of Kingston, Merton and Wandsworth in Southwest London, 5eekiNg to collaborate c105e1y with local counc11s, charitie5, sihoo15 and other community partners to support people In need. This is DLAG'S first period of aperation as an Independent charity. In the loriger term, it is possible its activities mav change in Scale or nature. However, the core of DLAG in future periods is expected to be sourcing provisions and rodistributing them to those in need
OONS LOCAL ACTION GROUP TRUSTEES, REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2024 Activities The different areas of DLAG'S activities during the period are described below. FDod and hDU5chold supplies distribution DLAG operates with a network of 50rne 1,000 volunteers acr055 the org3nisation In numeroLJS roles. The majority of our volunteers carry out shifts at our SLJperrnarket 5ta115 across our three boroughs to gather donatior15 of food and hoLJ5ehold supplie5. These donatiOll5 are collected at regular intervals throughout the day and transported to our central hub for sorting and storage. The contributions received frDm supermarkets and our supplier partners are compiled into food boxes, which are then delivered directly to individuals or families, or put into regular bulk donation5 for community organ15ations. Engaging volunteers is crucial not only for reteniion but for alsD building our brand a5 an inclusive charity, wh&re vc>ILJnteers are part of the DLAG familv. DLAG also donate5 Easter egg5 and Christmas toys to Dur food recipients with chi5dren. Furniture uppliances distributlDn DLAG aim5 to alleviate furniture poverty by providing good Second-hand items to th050 In neod. We organise weekly colloctions of second-hand fLJrniture and appliances, after asse551ng their condition and suitability. The Items are catalogued, repaired and cleaned If needed at our small furniture hub. We accept referrals frDm social services and charities for client5 in furniture poverty, matching their need5 to available items, which we then deliver to their homes. Keep Kid5 Connected Initiotiwe Keep Kid5 Connected extends support to local councils for disadvantaged children and aids local charities and community grouk)S. Led by 3 volLJnteer team of IT profession31s, Keep Kids Connected Initiative refurbishe5 and donate5 laptops to schools in Merton, Kingston and Wandsworth. The Initiative involves donations ol laptops and IT acEe550rie5 from corporète partners and individuals, refurbished to industry standards and delivered directly to school5. Fundroising and community octivity DLAG derives income from a number of important sources. Events such 35 the Gala dinner, the Big Sleepout and Sponsored bike ride are important generators of income for DLAG for now and over future years. The charity a150 benefits from gr3nt5 from a range of organisations as well as individual and corporato donations. During the period DLAG was represented at local cornmunity events ranging from school SLJmmer fairs and carnivals to charity football rnatches and drinks receptions. Public benefit The TrusteEs have paid due regard to guidance issued by the Charity Commission in decidinÈ what activities DLAG should undertake.
DON5 LOCAL ACTION GROUP TRUSTEES, REPORT ICONTINUEDI FQR THE PERIOD ENDED 31 MARCH 2024 AchSèvèmènts and performance During the period DLAG achieved significant milestones as set out below Food und household 5upplie5 distribution In the fin3ncial period DLAG supported 895 households in the local area tutaling 2,448 adult5 and children, we averaged 1,215 food boxe5 to households per month. Additionally, we provided regular bulk deliverie5 to 39 partner5 averaging 2,126 boxes per rnonth. We provided 14.581 food boxes direct to households and 25,509 boxes to cornmunity partners. Our standard weekly food box lor one adult had a typical value of £35.37 in the period. Furniture nnd Appliunce5 In the period we delivered 817 Items to 195 households with 590 items collected We also providod 229 new mattresses. Keep Kids Connected In the period the Keep Kids Connected Initiative donated 275 laptops to schools, 43 to charities, 70 to refugee organi5ations and 51 to councils. Fundraising In November 2023 we hosted our first charity Gala fundraising dinner, raisinÈ over £70,000. Attendee5 Included guests from large corporate5, local businesses and AFC Wimbledon Football Club, 35 well as representatives from our charity partners and DLAG volunteers. detnon5trating the deep links that DLAG has developed in the community. In December 2023 sixty-five fundr3isers. Including local diEnitaries and representatives from AFC Wimbledon Football Club spent the night at the Cherry Red Records Stadium on Plough Lane. The Big sleep Out #3 raised over £30,000 for our vital activities in the community ensuring we can continue to help those in need with deliveri25 of food and furniture. Amongst the numerous grants vve received our 13rge5t was £62,000 from the National Lottery.
DONS LOCAL AcfioN GROUP TRUSTEES, REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2024 Financial review This financial review covers the operations of DLAG for its first financial period and consequently there are no ccmparative amounts stated. Income Total Income from donation5 and other sources lor the period was £800,258 whilst Expenditure on charitable activitie5 was £370,297 resulting in Net income of £429,961. A significant element of Income from donatlOn5 15 represented by a transfer of £266, 191146% of Total income) received In March 2023 from AFC Wimbledon Foundation. This tronsfer representpd donations from activities undertaken on behalf of DLAG in previous periods from 2020 to 2023 whilst operating under the umbrella ol AFC Wimbledon Foundation. and before DLAG gained independent charitable status. DLAG received currenl year donat10115 of £173,7141220kn1, the large majority ol which was received from Individuals. Our corporate donors contributed £23.879 during the period. Income from events of £145,764 represented 18/u of Income from donations. The two most significant fund- raising events were the Gala dinner which raised over £70,000 and the Big Sleep Out which rdised over £30.000. Total income from grants 01 £114,589 114Qhl compr15ed grants representing Restricted fund5 of £82,040 and Unrestricted funds of £32,549. As d isc1osed in Note 12, Restricted Funds relate to the Merton Council Cost of Living Emergency Assistance Grant and the National Lottery Community Organi5atlOll5 C05t of Livin8 Fund. During the period DLAG also received grant awards from Wimbledon Foundation Community Fund. the Blyth Watson Charitable Trust and the Cameron Mckenna Foundation. Expenditure Total expenditure for the period w35 £370,297. of which £288,257 was spent from UnrestTlCted Fund5 and £82,040 from Restricted Funds. As set out in Note 12, Restricted Funds relate to the Cost of Living Emergency Assistance Grant and the CommLJnity Organisations Cost of Living Fund. These grants were subject to specific conditions by the dor)or5. Total expendiiure of £370,297 comprised Direct C05t5 of £259,443 and Support and Goverriance costs of £IIO,854. The largest element of Direct Costs was Staff costs of £106.535 129% of Total costs) which represented the employment costs of OLJr three members of staff. The other majcr area of expenditure of £100,563127%1 related to OLJr fund-raising Event5. Within Support and governance costs, we incurred Advertising and marketing costs of £25.542 17Y.l. We a150 spent £17.177 on Motor vehicle expense and £14,001 on IT and software (together 8Y.l. Governance costs of £2,700 related to accountancy fees and fee5 paid to the independent examiner. Reserves policy The Trustees have adopted 3 reserve5 poliiy which they consider appropriate to ensure the continued ability of DLAG to mEet its objective5. The Trustees have determined that Free reserves, that is fund5 which have not been designated lor a Specific usc, should bc rnaintained at a minimum level equivalent to six month5 of annual exponditure. The Trustees consider that Free reserves at this level will ensure that, in the p.vent of 3 significant drop in funding, DLAG will be able to continue to meet its objectives while consideration is given to what actions need to betakon.
DONS LOCAL ACTION GROUP TRUSTEES, REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH Z024 The charity held iot31 unrestricted reserves of £429.961 at the reporting end date. Of which. £39,233 is made up ol tangible fixed assets where the funds would only be realised upon disposal of these assets. Not including the unre211sed funds from t3n8ible fixed 355et5, the charity has total unrestricted reserves of £390.728. Mojor risks Principal risks and un¢ertainties DLAG maintains a risk rEglSter identifying key risks. together with an 3s5e55ment of their impact and probability. A planned approach to Mitigation, where possible, is then identified. RISK DESCRIPTION RISK CAUSE RISK MITIGATION Loss of incomp due to damage o DLAG reputation. Inappropriate olunteers. behaviour DBS check5 afeguaiding pplied. carried out, procedurec. oss of income due to failLJre to ttract and retain volLJnteers. Excessive workloads for existin olunteers. Unattractive workin nvironment for new and existin olunteers. Monitor and seek to manage ndividual workloads. Maintain attractive workin nvlronment for volunteers. Loss of bank funds. Failureof oneof OLAG'S banks. Ensure distribution of funds £85,000 Loss of supermarket collection oints One or more supermarkets could change policv Maintaln and upermarket relationships develo
DONS LOCAL ACTION GROUP TRUSTEES. REPORT ICONTINUEDI FOR THE PERIOD EAIDED 31 MARCH 2024 Plans for future periods The plans for fLJture periods involve both a continuation of DLAG'S existing activities and 3 development In those continue to source provisions from our community and redistribute them to those who are in acute need a5 a result of poverty continue to work closely with local organisations to extend our reach and to assist our partners to better their service5 plan to develop and strengthen our relationship with corporate partners with tailored offerings including corporate volunteer days, fLJnd raising and donations continuc to build our volunieering communiiy, aiming to ensure that our va1unteer5 are welcomed, SLJpported and thanked plan to increase our visibility and strengthen our connections in the local community including extending our school initiative5 and undertaking more community oufreèch continue to monitor the way in which DLAG Is structured. governed and run to ensure that it 15 fil for purpose All such plans will be regularly reviowed by the Trustees, using detailed management information where available. Structure, governance and management DLAG 15 a Charitable Incorporated Oreanisation ICIOI reElStered with the Charities CommiSsOn under number 1201803. The CIO was registered with the Charities Commission on 2 February 2023. R E Caley V Swaysland C Connor (Appointed 2 February 20231 (Appointed 10 january 20241 (Appointed 6 September 20231 (Appointed 4 july 20231 (Appointed 17 June 20241 (Appointed 13 April 20231 (Appointed 2 FebrLJ3ry 20231 (Appointed 2 February 20231 Rjleffery R C G Weaver C Thre3dgold Pwilkins XCC Wiggins Recruitment ond uppointment OA trustees The governing body of DLAG Is the Board of Trustees I'the Board") comprising eight members who meet at le35t six time5 a year. At every Annual Retirement Meetln8 one third of the Trustees. being those who have bEen longest in off ice, must retire from off ice. Retiring Trustoes may be reappointed but a Trustee who has 5ervEd for two consecutive terms ol off ice must take a break from office. These Trustees may be reèppointed at the earlier of the anniversary of their break from off icc and the Annual Retirement Meeting following that at which their break from office cornmenced. No external body has a right to appoint TrLJ5tee5.
DONS LOCAL ACTION GROUP TRUSTEES, REPORT ICONTINUEDI FOR TIIE PERIOD ENDED 31 MARCH 2024 Orgnnisotyonol structure The main respon5ibilitie5 of the Board are setting the strategy for DLAG and monitoring it5 implementation, setting and monitoring the budget and exercising financial overview. The Board has established a Finance Sub-committee with function5 delegated by the Board. The Chair attends all the Sub-committee weetings. The Trustees delegate the day to day running of DLAG elernents to the Operations Team. The Operations Team comprises three members of staff. The Operations Team report to the Board at least monthly to review current 155ues. Regular operational meetings are held by the Operations Team and one Trustee. The 803rd regularly reviews its governance procedures, taking legal advice as appropriate. Relotianship with relt7ted purtie5 Legal advice is obtained from Bates Wells. The independent examiner is TC Group. HR and health and safety advice 15 provided by Peninsular.
DOPIS LOCAL ACnON GROUP TRUSTEES. REPORT ICONTINUEDI FOR TNE PERIOD ENDED 31 MARCM 2024 Stlternent ol trustees, responbIlItIeS The trustees are responsible lor PfephrinR the Trusteos. flepoit and thp linanÉiJl statements In accordance wilh applicable law ènd Unlted Kingdorn Accounting Standard5 Iunited Kln8dorn Generally Accepted Accounling The la¥v applitable 10 charities in EnglJnd ond Wales requires Ihe Irusiees to prepare financial siaiemen15 lor each IIDaniial year which 8ive a truE and falr view of the state ol aflairs ol thv. charity and ol Ihe Incoyning resources nd appliciilion Df resources of ihe charlty lor that period. In prepcirin8 (hese Ilnancial 51alefflent5, Ihe trustees are required lo.. selecr sullable accouniin8 policles and then apply them consistently., Dbserve the method5 and prlnclple5 in the Charitie5 50RP,. make judgements and estimate5 that are reasonable and prudent,. stale wheihei applicable accounting standards have been lollowed, subject 10 3ny malerial departLJres disclosed and oxplained in iho financial s¢3temenlS', and prepare Lhe finhntial SlalernÈnt5 on the going concern b3S15 unloss il is inappropriaie to presume thai the charity will coniinue In operarion The fru5fees are responsible lor keepin8 sufficient accounting recoids that dist105e wilh rea50nablp accurary al ny lime the financ131 Posllion ol the charity and enable Ihem to ensure that the financial 51aiement5 CDmply wilh the Charities Act 2011, the Charity IAccounts and Repartsl RE8vlatlOns 2008 and the piov1510ns ol the irusl deeLS They are 3150 re5ponslble lor 5aleguaidin8 ihe a5sels of the £harity and hence Iof iaking reasonable 51eps lor the PTE¥ention and detection of ffaud and other iwre8uloiilie5. The Iru51ees' report was approved by the Board ol TrSlee5. a ffjviad J C Thread¥old Trusite 3 OLlober 2024
DONS LOCAL ACTION GROUP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DONS LOCAL ACTION GROUP I report to the trustees on my examination of the financial statements of Dons Local Action Group (the charity) for the period ended 31 March 2024. Responsibilities and basis of report A5 the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in rL?spect of my examination of the charity's financial 5tatcrnent5 cèrried out under scction 145 of the 2011 Act. In carrying out my 8xamination I have followed all the applicable Directions giver by thg Charitv Commission undLr soction 14515llbl of the 2011 Act. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2DII Act. I confirm that l am qualified to umdertake the eMamin3tion because l am a member of the A550ciation of Chartered Certified Accountants, which is one of the listed budiLIS. I have completed my Examination. I confirm that no matters have come to my attention in connection with the examination giving rne cause to beliove that In any material respect.. accounting records were not kept in respect of the charity a5 required by section 130 of the 2011 Act,. or the financial statement% do not aciord with those records,. or the financial statements have not been propared in accordance with the method5 and principles of the statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concern5 and have come across no other matters in connection with the examination to which attention should be drawn in thi5 report in ordpr to enable a proper understanding of the finallcial 5tatement5 to be reached. Sally Meah FCCA On behalf of rc Group Star House Rochester Kent MEI IUX Dated:
DONS LOCAL ACTION GROUP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD EJVDED 31 MARCH 2024 Unrestricted fund5 2024 Restricted funds Total 2024 2024 Notes Income from.. Donation5 and other sources 718,218 82,040 800,258 Expenditure on: Charitable activities 288,257 82.040 370,297 Net incorne and movement In funds 429,961 429.961 Reconclliatlon of funds.. Fund balances at 2 February 2023 Fund balance5 at 31 March 2024 429,961 429,961 The statement of financial activities includes all gains and losses recogni5ed in the period. All income and expenditure derive from continuing activities.
DONS LOCAL AcnoN GROUP STATEMEIIT OF FINANUAL P051TION AS Af31 MARCH2024 2024 N¢rtes Fljted ass Int3n6ible a55e& Tangsble assets 3.222 39,233 41,455 Current assots Oebtors Cash at b3nk and in hand io 3.014 403,791 406,805 19.299 CrEdhrs: amounts falllrya due wkthln ofi* year Net cUrn¢ assets 387,506 Total assets les5 current Ilabllkles 429,961 Tht funds of ihe charlty Unrellricted funds 429,961 429.961 The financlal ststements were approved by the trustees on 3 Ortober 2024 C Thread8old Trustee
DONS LOCAL ACTION GROUP STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 MARCH 2024 2024 Notes Cash flows from operating activities Cash generated Irom/labsDrbed by) operation5 15 450,319 Investing activities Purchase of intangible assets Purchase of tangible fixed assets 14,0001 142,5281 Net cash used in investing activities 146,5281 Net cash usèd in financing activities Net increase In cash and cash equivalents 403,791 Cash and cash equivalent5 at beginning of period Cash and cash equivalents at end of period 403,791 12-
DON5 LOCAL ACTION GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 20Z4 Accounting policie5 Charity information Dons Local Action Group is a charity registered in England and Wale5. The re8lStered office is Cherry Red Stadium, Plough Lane, London SW17 ONR. 1.1 Accounting convention The financial statemenls hève been prepared in accordance with the charity's govorning documcsnt, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and RepLSblic of Ireland~ 'FRS 102,1 and the Charities SORP 'Accounting and Reporting by Charities.. Statemenl of Recommcnded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the U K and Republic of Ireland IFRS 1021 (effective l January 20191. The charity is 3 Public Benefit Entity as defined by FRS 102. The financial 5tatement5 are prepared in sterling, which is the functional currency of the charity. Monetarv amounts in these financial stat?ments 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 expect3tion that the charity has adequate resources to continue in operational existence lor the foreseeable futLJre. Thus the trustees continue to adopt the going concern basis of accountin£ In preparing tho financial statements. 1.3 Charitable funds Unrestricted fund5 are available for use at the discretion of the trustees in furrherance of their charitable objective5. Restrictod funds are subject to spÈcifit conditions by donors or grantors 35 to how they may be used. The purposes and uses of the restricted funds are set out the notes to the financial statements. Endowrnent funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Incorne is recognised whon the charity is le8ally entitled to it after any perforrnance conditions have been met, the amounts can be measLJred reliably, and it is probable that income will be received. Cash donations are recogni5ed on receipt. Other donations are recognised oncc the charity has bepn notified of the donation, unless performance CDnditions require deferral of the amoLJnt. Income tax recoverable in relation to donations received under Gift Aid or deeds of COVEnant is recognised at the time of the donation. Legacies are recoEnised on receipt or otherwise il the charity has been notified of an impending distribution, the arnount 15 known, and receipt is expected, If the amount is not known, the legacy is treated as a contingent asset. 13
DONS LOCAL ACTION GROUP NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2024 Accounting policies (Continuedl 1.5 Expendlture Expenditure is recogni5ed once there is a legal or constructive obligation to transfer economic benefit to a third party, It is probable that a transfer of economic benefits will bc required in settlement, and the amount ol the obligation can be measured reliably. All expenditure is accounted for ON an accruals basis. All expenses including support costs and governance costs 3r2 allocated to the applicable expenditure heading5, The cost of raising funds comprise investment manaEement Costs. Support Costs are those ¢osts incurred directly in support of expenditure on the objects of the charity. Governance costs are thosc incurred in connection with administration Df the charity and compliance with constitution313nd statutory requirement5. 1.6 Intangible fixed assets other than goodwill Intangible assets acquired sep3rately from a bLJsine55 are recognised at cost and are 5LJbseqLJently measured t cost less accumulated amort1sat0n and accumulated impairment10sses. Intangible 355ets acquired on business combination5 are recognised 5eparate1y frum 8oodwill at the acquisition date where It Is prob3ble that the expected future economic bcnelits that are attributable to the asset will flow to the entity and the fair value of the asset Ean be measured reliably,- the Intangible asset 3ri5e5 frorn contractual or other legal rights,- and the intangible a55et is 5eparablE from the entity. Arnorti5atian 15 recognised so as to write off the c05t or valuation of assets less their residual values over their Ljselul live5 on the following bases.. Software 33% straight line method 1.7 Tangible fixed assets Tangible fixed assets are initially measured at C05t and 5LJb5equently measured at cost Dr valuation, net of dcpreciation and any impairment losses. Depreciation is recognised so as to write off the c05t or valuation of assets less their residual value5 over their useful lives on the following bases.. Fixtures and filtings Motor vehicles 20Yu Straight Line 20% straight Line The Éain or loss arising on the disposal of an asset 15 determined as the difference between the sale proceeds and the carrying valLJe of the asset, and is recogni5ed in the statement of financial activities. 14
DONS LOCAL ACTION GROUP NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2024 Accounting policies Icontinuedl l.B Financial in5tryment5 The charity has elected to apply the provisioll5 of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issue5, of FRS 102 to all ol its financial instruments. Financial instruments are recognised in the ch3rity'5 balallce sheet when the charity becomes party to the contractual provision5 of the instrument. Finantial assets and liabilities are offset, with the nEt amounts presented In the financial statements, when there 15 a legally enforceable right to Set off the recognised amounts and there is an intention to settle on a net basis or to re31i5C the asset and settle the liability simultaneously. 8asiclinancial ossets Basic financial assets, which include debtor5 and cash and bank balances, are initially measured at transaction price including transaction cost5 and are subsequently carried at amortised c05t using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial asset5 classified as receivable within one yEar are not arnort15ed. 8usicAinon¢lul Ilobilities B35ic financial liabilities. including creditors and bank loans are initi3lly recognised at transaction price unless the arrangement COn5titut85 3 financing transaction, where thp debt Instrument is rnea5ured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amDrtised. Debt instruments are subsequently carried at amortised cost, Using the effective interest rate mcthod. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of aperètlOn5 from supplier5. Amounts payable are classified as current liabilities if payment 15 due within one vear or lo55. If not, they are presented a5 non-currerTrt liabilities. Trade creditors are recogn15ed Initially at transaction price and subsequently measured at amortised cost using the effective interest rnethod. Derecognition offinonciul liabilities Financial liabilities are derecogllised when the charity's contractual obligations expire or are discharged or cancelled. 1.9 Retirement benefits Payments to defined contribution retirernent benefit schemes are charged as an expense 35 they fall due.
DONS LOCALACflON GROUP NOTESTO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDEO 31 MARCH 2024 Income from donatlons and other sources Unrestricted Restrlcted Total funds funds 2024 2024 2024 Donations and gifts Event5 173,714 145,764 32,549 366,191 173,714 145,764 114,589 366,191 Grants 82,040 Donation5 received from AFC Wimbledon from 2020 to 2023 718,218 82,040 800,258 Donations and gifts Corporate donations Individual donations Collection tin donations Other 23,879 97,215 32,607 20,013 23,879 97,215 32,607 20,013 173,714 173,714 Grants receivable for core attivities Grants awards 32,549 82,040 114,589 32,549 82,040 114,589 Donations received from AFC Wlmbledon from 2020 to 2023 Transfers represent donations and activities undertaken on behalf of DLAG in previous periods Ljnder the urnbrella of AFC Wimbledon Foundation and before DLAG gained independent charitable Status.
DONS LOCAL ACTION GROUP NOTESTO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2024 Empenditure on charltable activitie5 Food and household supplies dlstrlbutlon 2024 Direct Costs Staff costs Furniture costs Stall and hub supplies Merchandise Children's toys Fundraising transaction fees Events 106,535 16,969 16,553 15,203 2,914 706 100,563 259,443 Support and governance cost5 (see note 41 Support Governance 108,154 2,700 370,297 Analy515 by fund Unrestricted funds Restricted fund5 288,257 82,040 370,297 Governance costs includes payments to the independent examiner of £1,080 lor independent examin3tion.
DONS LOCAL ACTION GROUP NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2024 Support costs allocated to attlvStle5 2024 Depreciation and amortisation Cleaning & pest conlrol IT & software Costs Rent & rates 4,073 3,818 14,001 4,120 17,177 25,542 Ll,730 1,942 Motor vehicle expenses A¢Jvertising & marketing Legal fees & Consultancy 5ubscriptlOnS Bankfees Insurance DBS checks IT costs 6,415 1,566 7,600 487 Recruitment Account3ncy fees Governance costs 9,681 2,700 110,854 Analysed between: Food and household supplies distribution 110,854 2024 Governance costs comprise= Independent examiner's fees Accountancy 1,080 1,620 2,700 Trustee5 R Caley, 3 trustee of the charity, received payment of £16,150 for providing fundraising services to the charitv. No other trustee5 lor any persons connected with them) received 3ny remuneration or benefits from the charity dLJring the period. 18
DON5 LOCAL ACTION GROUP NOTES TO THE FINANCIAL STATEMENTS ICONTINUEOI FOR THE PERIOD ENOED 31 MARCH 20Z4 Employees The average monthly number of employees during the period was- 2024 Number Employment costs 2024 Wage5 ènd salaries Soci31 security costs Other pension costs 94.867 9,640 2,028 106,535 There were no employep5 whose annual remuneration w35 more than £60,000. Remuneration of key management personnel The only payment of key management personnel is detailed in note 5. Taxation The charity is exempt from taK3tion on its activities because all its income is applied for charitable purpose5.
DONS LOCAL ACTION GROUP NOTESTO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2024 Intangible fimed assets SDftwarE Cost At 2 February 2023 Addition5 4,000 At 31 March 2024 4,000 Amortisation and impairment At2 February 2023 Amort15atiDn charged for the PEriod 778 At31 March 2024 778 Carrying amount At 31 March 2024 3,222 Tangible fixed assets FIKtu*es and Motor ¥ehltlÈs fittin85 Cost Additions 1,328 41,2DO 42,528 At31 March 2024 1,328 41,200 42,528 Depreciation and impairment Depreciation charged in the period 87 3,208 3,295 At 31 March 2024 87 3,208 3,295 Carrying amount At 31 March 2024 1,241 37,992 39.233 10 Debtors 2024 Amounts falling due within one year.. Prepayment5 and accrued income 3,014 -20-
DONS LOCAL ACTION GROUP NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH Z024 11 Creditors.. amounts falling due wlthln one year 2024 other taxation and social securitv Trade creditor5 Other creditor5 2,410 13,793 396 Accruals and deferre(4 income 2,700 19,299 12 Restricted funds The restricted funds of the charity cornprised balances af donations 3nd grants held on trust subject to specific conditions by donors as to how they may be used. At 2 February 2023 Incoming resources Resourtès expended At 31 March 2024 Cost of Living Emergency Assistance Grant Community Org3nisations Cost of Living Fund 20,000 62,040 120.0001 162,0401 82,040 182,0401 Cost of Living Emergency Assistance Grant the grant is to provide the nece55ary infrastructure to SUPPOrt the coordination and delivery of emergency food and supplies to re5ident5 in need including those who are vulnerable and i501ated. Community Organisations Cost of Living Fund - Is being delivered by the National Lottery Community Fund, the largest comrnunily funder in the UK. Grants will support charity at the frontline of dealing with the increase in the cost-of-living. 21
DONS LOCAL ACTION GROUP NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2024 13 Unrestricted funds The unrestricted funds ol the charity comprise the unexpended balances of donation5 and grants which are not subjoct to specific conditions by dorTrors and grantors as to how they may be used. These Include designated funds which have been Set aside out ol unrestricted funds by the trustees for specific purposes. At 2 Februarv 2023 Incoming resources Resources expended Transfers At 31 March 2024 General funds De518nated funds 718,218 1288,2571 18,0001 8,OCIO 421,961 8.000 718,218 1288,2571 429,961 The designated funds are funds put aside for the purchase of a new van. 14 Related party transactions The only related party transactions during the period were trustee payments disclosed in note 5. 15 Cash generated from operations 2024 Surplus for the period 429,961 Adjustments for.. Amort15ation of intangible assets Depreciation of tangible fixed assets 778 3,295 Movements in working c3pit31.. Ilncreasel in debtors Increase in creditors 13,0141 19,299 Cash generated from operation5 450,319 16 Analysis of change5 in net fundslldebtl The charity had no material debt during the year. 22-