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2023-03-31-accounts

Company registration number: 01710313 Charity registration number: 1093601

Doddington & Rollo Community Association

(A company limited by guarantee) Annual Report and Financial Statements

for the Year Ended 31 March 2023

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

Doddington & Rollo Community Association

Contents

Report of the Trustees 1 to 4
Independent Examiner's Report 5 to 6
Statement of Financial Activities 7
Statement of Financial Position 8
Notes to the Financial Statements 9 to 13

Doddington & Rollo Community Association

Report of the Trustees

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

Objects and aims

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.

Page 1

Doddington & Rollo Community Association

Report of the Trustees

Reference and Administrative Details

Charity Registration Number: 1093601 Company Registration Number: 01710313 Registered Office: 33 DRCA Office Charlotte Despard Avenue Battersea London SW11 5JE Independent Examiner: DSK Partners LLP Chartered Certified Accountants & Statutory Auditor D S House 306 High Street Croydon Surrey CR0 1NG Accountants: DSK Partners LLP D S House 306 High Street Croydon Surrey CR0 1NG

Page 2

Doddington & Rollo Community Association

Report of the Trustees

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: J P C Spink W Burrell J Turner D J Mcewan A Balzama J Stuart J Saddler J C Connell (appointed 28 March 2023) J F Lee (appointed 28 March 2023) A Mumunie (appointed 28 March 2023) E Oddono (appointed 28 March 2023) A Hall (appointed 28 March 2023) S Simsek (appointed 28 March 2023) P F Jones (appointed 28 March 2023) H Hagos (appointed 28 March 2023) M Patterson (appointed 28 March 2023) A Salmon (appointed 28 March 2023)

Structure, governance and management

Nature of 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 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 3

Doddington & Rollo Community Association

Report of the Trustees

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 rent and service charges have been left unchanged and still remain at previous years' amounts. 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 upholstery, from lamp making to hair dressing.

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 - local resident and director of Creating Access Art Club as well as 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 to adult weight management sessions.

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.

The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... J C Connell Trustee

Page 4

Doddington & Rollo Community Association

Independent Examiner's Report to the trustees of Doddington & Rollo Community Association ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

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 the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a 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 Doddington & Rollo Community Association 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.

Page 5

Doddington & Rollo Community Association

Independent Examiner's Report to the trustees of Doddington & Rollo Community Association ('the Company')

...................................... Romit Basu FCA Chartered Certified Accountants & Statutory Auditor ICAEW D S House 306 High Street Croydon Surrey CR0 1NG Date:.............................

Page 6

Doddington & Rollo Community Association

Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
Other trading activities
2
Investment income
3
Total income
Expenditure on:
Raising funds
Other expenditure
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
10
Note
Income and Endowments from:
Donations and legacies
Other trading activities
2
Investment income
3
Other income
Total income
Expenditure on:
Raising funds
Other expenditure
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
10		 Unrestricted
funds
£
20,695
283,054
152
303,901
(305,892)
(2,688)
(308,580)
(4,679)
(4,679)
80,216
75,537
Unrestricted
funds
£
28,329
289,857
3
12,741
330,930
(277,167)
(2,567)
(279,734)
51,196
51,196
29,020
80,216		 Total
2023
£
20,695
283,054
152
303,901
(305,892)
(2,688)
(308,580)
(4,679)
(4,679)
80,216
75,537
Total
2022
£
28,329
289,857
3
12,741
330,930
(277,167)
(2,567)
(279,734)
51,196
51,196
29,020
80,216

The notes on pages 9 to 13 form an integral part of these financial statements. Page 7

Doddington & Rollo Community Association

(Registration number: 01710313) Statement of Financial Position as at 31 March 2023

Note
Fixed assets
Tangible assets
7
Current assets
Debtors
8
Cash at bank and in hand
Creditors: Amounts falling due within one year
9
Net current assets
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
10		 2023
£
1,726
171,307
63,444
234,751
(160,940)
73,811
75,537
75,537
75,537		 2022
£
2,480
125,593
103,127
228,720
(150,984)
77,736
80,216
80,216
80,216

For the financial year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

Trustees' responsibilities:

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

The financial statements on pages 7 to 13 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:

......................................... J C Connell Trustee

The notes on pages 9 to 13 form an integral part of these financial statements. Page 8

Doddington & Rollo Community Association

Notes to the Financial Statements for the Year Ended 31 March 2023

1 Accounting policies

Statement of compliance

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.

Basis of preparation

Doddington & Rollo Community Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable 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 and amortisation

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

Asset class Depreciation method and rate
Improvements to property Over length of lease
Plant and machinery 20% on cost
Computer equipment 20% on cost
Fixtures & fittings 20% on cost

Page 9

Doddington & Rollo Community Association

Notes to the Financial Statements for the Year Ended 31 March 2023

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.

Pensions and other post retirement obligations

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.

Page 10

Doddington & Rollo Community Association

Notes to the Financial Statements for the Year Ended 31 March 2023

2 Other trading activities

Trading income;
Rents received in furtherance of charitable
activities
Events income;
Other events income
Administration charges
3
Investment income
Deposit account interest		 Unrestricted
funds
General
£
218,792
63,763
499
283,054
Unrestricted
funds
General
£
152		 Total
funds
£
218,792
63,763
499
283,054
Total
2023
£
152		 Total
2022
£
213,050
76,148
659
289,857
Total
2022
£
3

4 Net incoming/outgoing resources

Net (outgoing)/incoming resources for the year include:

Depreciation of fixed assets 2023
£
754		 2022
£
754

5 Trustees remuneration and expenses

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Page 11

Doddington & Rollo Community Association

Notes to the Financial Statements for the Year Ended 31 March 2023

6 Staff costs

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

Administrative
Support		 2023
No
1
2
3		 2022
No
1
2
3

No employee received emoluments of more than £60,000 during the year.

7 Tangible fixed assets

Cost
At 1 April 2022
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the
year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
8
Debtors
Trade debtors
Prepayments
Other debtors		 Improvements
to property
£
59,639
59,639
59,639
-
59,639
-
-		 Fixtures and
fittings
£
6,831
6,831
6,149
223
6,372
459
682		 Computer
equipment
£
5,355		 Plant and
machinery
£
198,817		 Total
£
270,642
270,642
268,162
754
268,916
1,726
2,480
2022
£
101,363
22,416
1,814
5,355 198,817
3,557
531		 198,817
-
4,088 198,817
1,267 -
1,798 -
2023
£
169,432
1,875
-
171,307
125,593

Page 12

Doddington & Rollo Community Association

Notes to the Financial Statements for the Year Ended 31 March 2023

9 Creditors: amounts falling due within one year

9
Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals		 2023
£
131,587
1,533
25,990
1,830
160,940		 2022
£
119,195
-
28,351
3,438
150,984

10 Movement in funds

10 Movement in funds
Unrestricted funds
General
Unrestricted funds
General		 Balance at 1
April 2022
£
80,216
Balance at 1
April 2021
£
29,020		 Incoming
resources
£
303,901
Incoming
resources
£
330,930		 Resources
expended
£
(308,580)
Resources
expended
£
(279,734)		 Balance at 31
March 2023
£
75,537
Balance at 31
March 2022
£
80,216

11 Related party transactions

There were no related party transactions for the year ended 31 March 2023.

12 Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

Within one year 2023
£
88,614		 2022
£
88,614

Page 13

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