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 2022
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 2022
| 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 | 13 |
DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE) (REGISTERED NUMBER: 01710313)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
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 2022. 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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
01710313 (England and Wales)
Page 1
DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE) (REGISTERED NUMBER: 01710313)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
Registered Charity number 1093601
Registered office
33 DRCA Office Charlotte Despard Avenue Battersea London SW11 5JE
Trustees
A Balzama B G Barnes (deceased 30.9.21) J Saddler J Stuart P Taylor K Stock D Hass J Turner T Burrell D McEwan J Spink J C Connell (appointed 30.9.21)
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 2022
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 27 January 2023 and signed on its behalf by:
J C Connell - 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 2022.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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
27 January 2023
Page 4
DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 28,329 Other trading activities 2 289,857 Investment income 3 3 Other income 12,741 Total 330,930 EXPENDITURE ON Raising funds 277,167 Other 2,567 Total 279,734 NET INCOME 51,196 RECONCILIATION OF FUNDS Total funds brought forward 29,020 TOTAL FUNDS CARRIED FORWARD 80,216 |
2021 Total funds £ 53,213 231,160 13 44,676 |
|---|---|
| 329,062 | |
| 301,287 2,493 |
|
| 303,780 | |
| 25,282 3,738 |
|
| 29,020 |
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 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 2,480 CURRENT ASSETS Debtors 9 125,593 Cash at bank 103,127 228,720 CREDITORS Amounts falling due within one year 10 (150,984) NET CURRENT ASSETS 77,736 TOTAL ASSETS LESS CURRENT LIABILITIES 80,216 NET ASSETS/(LIABILITIES) 80,216 FUNDS 11 Unrestricted funds 80,216 TOTAL FUNDS 80,216 |
2021 Total funds £ 3,234 68,413 86,435 154,848 (129,062) 25,786 29,020 29,020 29,020 29,020 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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 2022
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 27 January 2023 and were signed on its behalf by:
J C Connell - 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 2022
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 8
DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES - continued
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.
2. OTHER TRADING ACTIVITIES
| Rents received in furtherance of charitable activities Hall hire Storage fees Electricity recharge Administration charges Heating recharge 3. INVESTMENT INCOME Deposit account interest 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2022 £ 213,050 18,681 29,456 18,359 659 9,652 289,857 2022 £ 3 2022 £ 754 |
2021 £ 163,694 15,333 34,042 11,602 460 6,029 |
|---|---|---|
| 231,160 | ||
| 2021 £ 13 2021 £ 533 |
continued...
Page 9
DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Administrative Support |
2022 1 2 3 |
2021 1 2 |
|---|---|---|
| 3 |
No employees received emoluments in excess of £60,000.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 53,213 |
| Other trading activities | 231,160 |
| Investment income | 13 |
| Other income | 44,676 |
| Total | 329,062 |
| EXPENDITURE ON | |
| Raising funds | 301,287 |
| Other | 2,493 |
| Total | 303,780 |
| NET INCOME | 25,282 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 3,738 |
| TOTAL FUNDS CARRIED FORWARD | 29,020 |
continued...
Page 10
DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
8. TANGIBLE FIXED ASSETS
| Improvements to property £ COST At 1 April 2021 and 31 March 2022 59,639 DEPRECIATION At 1 April 2021 59,639 Charge for year - At 31 March 2022 59,639 NET BOOK VALUE At 31 March 2022 - At 31 March 2021 - |
Plant and machinery £ 198,817 198,817 - 198,817 - - |
Fixtures and fittings £ 6,831 5,926 223 6,149 682 905 |
Computer equipment £ 5,355 3,026 531 3,557 1,798 2,329 |
Totals £ 270,642 |
|---|---|---|---|---|
| 267,408 754 |
||||
| 268,162 | ||||
| 2,480 | ||||
| 3,234 |
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors Prepayments |
2022 £ 101,363 1,814 22,416 125,593 |
2021 £ 68,306 - 107 |
|---|---|---|
| 68,413 |
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Workshop fee deposits Trade creditors Social security and other taxes Pensions Other creditors Accruals and deferred income |
2022 £ 25,627 119,195 - 2,347 377 3,438 150,984 |
2021 £ 25,627 94,427 694 2,130 - 6,184 |
|---|---|---|
| 129,062 |
continued...
Page 11
DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
11. MOVEMENT IN FUNDS
| At 1.4.21 £ Unrestricted funds General fund 29,020 TOTAL FUNDS 29,020 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 330,930 TOTAL FUNDS 330,930 Comparatives for movement in funds At 1.4.20 £ Unrestricted funds General fund 3,738 TOTAL FUNDS 3,738 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 329,062 TOTAL FUNDS 329,062 |
Net movement At in funds 31.3.22 £ £ 51,196 80,216 51,196 80,216 Resources Movement expended in funds £ £ (279,734) 51,196 (279,734) 51,196 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 31.3.22 £ £ 51,196 80,216 51,196 80,216 Resources Movement expended in funds £ £ (279,734) 51,196 (279,734) 51,196 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 |
|---|---|---|
| 25,282 |
continued...
Page 12
DODDINGTON AND ROLLO COMMUNITY ASSOCIATION LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
13. OPERATING LEASE COMMITMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Within one year | 88,614 | 88,614 |
| Between one and five years | - | - |
| 88,614 | 88,614 | |
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SIGNATURE CERTIFICATE
Document
Name DRCA CH Accounts 31.03.22.PDF Creator Yeliz Kaptan (yeliz.kaptan@dskllp.com) Date 27 January 2023 12:06:48 UTC Identifier da1a6d11-0e67-4b73-a536-c53ce4190de2
Signers
justin@drca.co.uk
E-mail justin@drca.co.uk Signed 27 January 2023 16:30:36 UTC IP address 147.12.147.158