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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 01710313 (England and Wales) REGISTERED CHARITY NUMBER: 1093601

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)

DSK Partners LLP D S House 306 High Street Croydon Surrey CR0 1NG

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Statement of Financial Position 6 to 7
Notes to the Financial Statements 8 to 14
Detailed Statement of Financial Activities 15 to 16

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE) (REGISTERED NUMBER: 01710313)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims for the public benefit

The Community Association is established to promote, in north Battersea in general, and the Doddington and Rollo Estates (hereafter referred to as DRCA) in particular, opportunities for employment and job creation to encourage education and training and to provide in those areas, facilities for recreation and community activities.

The Community Association supports local community groups by offering subsidised space for meetings and activities, and continues to fulfil its charitable aims and objectives by providing subsidies to the charitable, voluntary, community and faith based organisations that have premises at DRCA.

DRCA also fundraises in order to provide activities and events for local children and families.

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

FINANCIAL REVIEW

Principal funding sources

The Community Association obtains its income mainly from sub-letting managed workspace and storage units to members of the community.

Reserves policy

The everyday running costs of the charity are funded by income received from the rental of the business units. One off major expenditure will be budgeted for, and only undertaken when funds are available. The trustees have maintained the same level of reserves as in the previous year to cover any unexpected expenses.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charitable company is constituted as a company limited by guarantee, and is therefore governed by its Memorandum and Articles of Association. It registered as a charity on 30th August 2002, registration no. 1093601.

Recruitment and appointment of new trustees

Membership is restricted to people who live or work on the Doddington and Rollo Estates and trustees are elected by the members at each Annual General Meeting to serve until the next Annual General Meeting. Between Annual General Meetings, the management committee has power to appoint further members to fill casual vacancies that arise. They can also co-opt up to four further members at any time, subject to approval of the next General Meeting following their appointment.

The membership of the Management Committee shall not be less than five nor more than thirty three. Elections to the Management Committee shall be conducted according to the principles set out in article 54.

The Management Committee shall appoint from within themselves, the officers of the Community Association, to include a chairperson, vice-chairperson, honorary secretary, honorary treasurer and minute secretary.

Page 1

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE) (REGISTERED NUMBER: 01710313)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

01710313 (England and Wales)

Registered Charity number

1093601

Registered office

33 DRCA Office Charlotte Despard Avenue Battersea London SW11 5JE

Trustees

A Balzama B G Barnes J Saddler J Stuart P Taylor K Stock D Hass G Holligan J Turner T Burrell D McEwan J Spink

Company Secretary P Taylor

Independent Examiner

DSK Partners LLP D S House 306 High Street Croydon Surrey CR0 1NG

Page 2

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE) (REGISTERED NUMBER: 01710313)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

REVIEW OF BUSINESS

We started to experience the effects of COVID-19 pandemic as we ended the financial year and we hope we, like all those affected, come through the challenges stronger.

The Trustees continued to maintain their policy for continued reduction in the number of licensees with arrears, the greater part of the arrears owed by a small number of licensees also continue to reduce significantly. We have decided to leave in place a more rigorous debt management policy which was introduced by employing the services of a solicitor.

The levels of charges have been left unchanged and still remains at previous years' amounts of Licensees fees at a reasonable level of 4%. Electricity recharges remained unchanged since two years ago.

The business units have been fully occupied since three years ago which means the income generated has been satisfactory. We continue to support a wide range of local businesses and trades in the workshops, from music studios to soft furnishing and upholstery, hair dressing and beauty salon and barber shop.

DRCA continues to fulfil its charitable aims and objectives by providing subsidies to the charitable, voluntary, community and faith based organisations who have premises at DRCA. Direct subsidy this financial year is calculated at £72,335.94, based on the reduced fees charged to the charities for their premises, and special rates charged to community groups and faith groups booking the halls and community spaces.

DRCA continue to build relationships with other organisations in Wandsworth. We are now members of Wandsworth Voluntary Sector development agency and Wandsworth Chamber of Commerce Business Forum and have been able to access their resources including governance support and training for trustees and staff.

We continue to fundraise in order to provide activities for children and families. Creating Access Art Club has been running for over five years. It is run by a qualified and experienced teacher who teaches at both primary and secondary level. It provides art activities for children from reception to lower key stage 3. A range of materials are available for the children to experience.

We would like to thank Pat Taylor, who is local resident and director of Creating Access Art Club and also a member of DRCA management team, for her continued support and hard work in making these activities such a success.

Our community Halls are also used for a variety of activities from yoga sessions to children's art classes, ballet dance classes.

A special thanks to long serving and dedicated volunteer, John Mendoza, for his in administrative and especially in spreadsheets and data management, who continues to contribute one day a week of his time to DRCA.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................................... B G Barnes - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE) (REGISTERED NUMBER: 01710313)

Independent examiner's report to the trustees of Doddington and Rollo Community Association Limited (THE) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

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

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW 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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods 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 (FRS 102)).

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 accounts to be reached.

Romit Basu FCA ICAEW DSK Partners LLP D S House 306 High Street Croydon Surrey CR0 1NG

Date: .............................................

Page 4

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

2021
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
53,213
Other trading activities
2
231,160
Investment income
3
13
Other income
44,676
Total
329,062
EXPENDITURE ON
Raising funds
301,287
Charitable activities
Community Festival Expenses
-
Other
2,493
Total
303,780
NET INCOME/(EXPENDITURE)
25,282
RECONCILIATION OF FUNDS
Total funds brought forward
3,738
TOTAL FUNDS CARRIED FORWARD
29,020		 2020
Total
funds
£
1,000
253,533
59
-
254,592
250,571
289
49,852
300,712
(46,120)
49,858
3,738

The notes form part of these financial statements

Page 5

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE) (REGISTERED NUMBER: 01710313)

STATEMENT OF FINANCIAL POSITION 31 MARCH 2021

2021
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
3,234
CURRENT ASSETS
Debtors
9
68,413
Cash at bank
86,435
154,848
CREDITORS
Amounts falling due within one year
10
(129,062)
NET CURRENT ASSETS
25,786
TOTAL ASSETS LESS CURRENT
LIABILITIES
29,020
NET ASSETS/(LIABILITIES)
29,020
FUNDS
11
Unrestricted funds
29,020
TOTAL FUNDS
29,020		 2020
Total
funds
£
1,105
86,787
41,661
128,448
(125,815)
2,633
3,738
3,738
3,738
3,738

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

continued...

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE) (REGISTERED NUMBER: 01710313)

STATEMENT OF FINANCIAL POSITION - continued 31 MARCH 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

.............................................

B G Barnes - Trustee

The notes form part of these financial statements

Page 7

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

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.

TANGIBLE FIXED ASSETS

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates

Improvements to property Over length of lease
Plant and machinery 20% on cost
Computer equipment 20% on cost
Fixtures & fittings 20% on cost

Assets held under finance leases are depreciated in the same way as owned assets.

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

TAXATION

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

FUND ACCOUNTING

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.

continued...

Page 8

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES - continued

FUND ACCOUNTING

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

GOING CONCERN

Since 31 December 2019, the spread of COVID-19 has severely impacted many local economies around the globe. In many countries, businesses are being forced to cease or limit operations for long or indefinite periods of time. In the UK this began on 23rd March 2020 and carried well into 2021. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered disruptions to businesses worldwide, resulting in an economic slowdown. Governments and central banks have responded with monetary and fiscal interventions to stabilise economic condition.

The duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and central bank responses, still remains unclear at this time. It is not yet possible to reliably estimate the duration and severity of these consequences, as well as their impact on the financial position and result of the company for future periods.

As part of the trustees' assessment of going concern, they have prepared detailed cash flow and profit and loss forecasts for the next 12 months. The forecasts have been prepared on an appropriate basis, taking into account the current economic conditions that exist.

After making appropriate enquires, the trustees' have a reasonable expectation that the company has adequate resources to enable it to continue in operational existence for the foreseeable future. They believe it is appropriate to prepare the accounts on a going concern basis.

PENSION COSTS AND OTHER POST-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.

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

CURRENCY

The financial statements are prepared in sterling which is also the functional currency of the company and rounded to the nearest pound.

continued...

Page 9

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

2.
OTHER TRADING ACTIVITIES
Rents received in furtherance of charitable activities
Hall hire
Storage fees
Electricity recharge
Administration charges
Heating recharge
Miscellaneous income
3.
INVESTMENT INCOME
Deposit account interest
4.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2021
£
163,694
15,333
34,042
11,602
460
6,029
-
231,160
2021
£
13
2021
£
533		 2020
£
189,790
12,393
26,854
14,130
438
9,740
188
253,533
2020
£
59
2020
£
1,268

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

continued...

Page 10

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

Administrative
Support
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Community Festival Expenses
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2021
2020
1
1
2
2
3
3
Unrestricted
fund
£
1,000
253,533
59
254,592
250,571
289
49,852
300,712
(46,120)
49,858
3,738

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 11

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

8. TANGIBLE FIXED ASSETS

Improvements
to
Plant and
property
machinery
£
£
COST
At 1 April 2020
59,639
198,817
Additions
-
-
At 31 March 2021
59,639
198,817
DEPRECIATION
At 1 April 2020
59,639
198,817
Charge for year
-
-
At 31 March 2021
59,639
198,817
NET BOOK VALUE
At 31 March 2021
-
-
At 31 March 2020
-
-
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments		 Fixtures
and
fittings
£
6,154
677
6,831
5,770
156
5,926
905
384		 Computer
equipment
£
3,370
1,985
5,355
2,649
377
3,026
2,329
721
2021
£
68,306
107
68,413		 Totals
£
267,980
2,662		 Totals
£
267,980
2,662
270,642
266,875
533
267,408
3,234
1,105
2020
£
66,268
20,519
86,787

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

continued...

Page 12

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Workshop fee deposits
Trade creditors
Social security and other taxes
Pensions
Accruals and deferred income		 2021
£
25,627
94,427
694
2,130
6,184
129,062		 2020
£
24,068
96,607
1,662
1,726
1,752
125,815

11. MOVEMENT IN FUNDS

Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.20
£
3,738
3,738
Incoming
resources
£
329,062
329,062
At 1.4.19
£
49,858
49,858		 Net
movement
At
in funds
31.3.21
£
£
25,282
29,020
25,282
29,020
Resources
Movement
expended
in funds
£
£
(303,780)
25,282
(303,780)
25,282
Net
movement
At
in funds
31.3.20
£
£
(46,120)
3,738
(46,120)
3,738		 Net
movement
At
in funds
31.3.21
£
£
25,282
29,020
25,282
29,020
Resources
Movement
expended
in funds
£
£
(303,780)
25,282
(303,780)
25,282
Net
movement
At
in funds
31.3.20
£
£
(46,120)
3,738
(46,120)
3,738		 Net
movement
At
in funds
31.3.21
£
£
25,282
29,020
25,282
29,020
Resources
Movement
expended
in funds
£
£
(303,780)
25,282
(303,780)
25,282
Net
movement
At
in funds
31.3.20
£
£
(46,120)
3,738
(46,120)
3,738
25,282
At
31.3.20
£
3,738
3,738
3,738

continued...

Page 13

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
254,592
254,592		 Resources
Movement
expended
in funds
£
£
(300,712)
(46,120)
(300,712)
(46,120)

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

13. OPERATING LEASE COMMITMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2021 2020
£ £
Within one year 88,614 88,614
Between one and five years - -
88,614 88,614

Page 14

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME AND ENDOWMENTS
Donations and legacies
Grants
Other trading activities
Rents received in furtherance of charitable
activities
Hall hire
Storage fees
Electricity recharge
Administration charges
Heating recharge
Miscellaneous income
Investment income
Deposit account interest
Other income
CJRS grant
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Social security
Pensions
Rent, rates and water
Insurance
Light and heat
Other staff costs
Charitable activities
Refreshments		 2021
£
53,213
163,694
15,333
34,042
11,602
460
6,029
-
231,160
13
44,676
329,062
70,202
2,038
1,344
113,031
7,549
43,926
389
238,479
-		 2020
£
1,000
189,790
12,393
26,854
14,130
438
9,740
188
253,533
59
-
254,592
67,914
2,799
3,431
127,022
4,930
43,798
677
250,571
289

This page does not form part of the statutory financial statements

Page 15

DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Support costs
Finance
Bank charges
Information technology
Computer expenses
Human resources
Training costs
Other
Bad debts
Cleaning
Legal Fees
Accountancy and legal fees
Repairs and renewals
Equipment hire
Sundries
Telephone
Postage and stationery
Fixtures and fittings depreciation
Computer equipment depreciation
Total resources expended
Net income/(expenditure)		 2021
£
727
114
-
23,453
12,210
3,754
1,731
17,152
1,144
102
1,545
2,837
156
376
64,460
303,780
25,282		 2020
£
861
3,407
1,003
-
13,883
-
1,731
19,816
1,144
98
2,869
3,772
981
287
44,581
300,712
(46,120)

This page does not form part of the statutory financial statements

Page 16

SIGNATURE CERTIFICATE

Document

Name Charity Accounts YE 31.03.21.pdf Creator Laura Buzzard (laura.buzzard@dskllp.com) Date 23 March 2022 11:58:21 UTC Identifier 724efcfd-7650-4790-afea-b1fd8e8fa36c

Signers

justin@drca.co.uk

E-mail justin@drca.co.uk Signed 23 March 2022 17:57:03 UTC IP address 78.129.212.174