REGISTERED COMPANY NUMBER: 07050266 (England and Wales) REGISTERED CHARITY NUMBER:
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2022
for
ROLLADOME ALL SKATE LIMITED
Certax Accounting Fitzrovia Limited 85 Tottenham Court Road London W1T 4TQ
ROLLADOME ALL SKATE LIMITED
Contents of the Financial Statements for the Year Ended 31 October 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
REGISTERED COMPANY NUMBER: 07050266 (England and Wales) REGISTERED CHARITY NUMBER: 1138918
ROLLADOME ALL SKATE LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 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 October 2020. 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
GOVERNING DOCUMENT
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07050266 (England and Wales)
Registered Charity number
1138918
Registered office
26 Newark Crescent North Acton London NW10 7BD
Trustees
Diane Nestor Antoinette Milbourne Paul Jackson Angeline Williams
Directors
Anne-Marie Waugh Angeline Williams
Company Secretary
Ms A Waugh
Independent Examiner
Certax Accounting Fitzrovia Limited 85 Tottenham Court Road London W1T 4TQ
Approved by order of the board of trustees on .......30th June 2023...................................... and signed on its behalf by:
........................................................................ Trustee
Page 3 of 11
Independent Examiner's Report to the Trustees of ROLLADOME ALL SKATE LIMITED
Independent examiner's report to the trustees of ROLLADOME ALL SKATE LIMITED ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 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
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.
Certax Accounting Fitzrovia Limited 85 Tottenham Court Road London W1T 4TQ
8 June 2023
Page 2
ROLLADOME ALL SKATE LIMITED
Statement of Financial Activities for the Year Ended 31 October 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 47,844 Charitable activities Administration costs - Grants and Donation 5,000 Total 52,844 EXPENDITURE ON Raising funds 2 23,799 Charitable activities Administration costs 60,209 Finance Cost 156 Office Expenses 14,635 Rolla Skating Classes 11,183 Other 7,080 Total 117,062 NET INCOME (64,218) RECONCILIATION OF FUNDS Total funds brought forward 62,194 TOTAL FUNDS CARRIED FORWARD (2,024) |
Restricted fund £ - - - - - - - - - - - - - - |
31/10/22 31/10/21 Total Total funds funds £ £ 47,844 15,292 - - 5,000 84,906 52,844 100,198 23,799 24,485 60,209 8,941 156 122 14,635 - 11,183 11,937 7,080 6,429 117,062 51,914 (64,218) 48,284 62,194 13,910 (2,024) 62,194 |
|---|---|---|
The notes form part of these financial statements
Page 3
ROLLADOME ALL SKATE LIMITED
Balance Sheet 31 October 2022
| 31/10/22 | 31/10/21 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 6 | - | - | 28,587 | |
| Cash in hand | 3,580 | - | 3,580 | 35,922 | |
| 3,580 | - | 3,580 | 64,509 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 7 | (5,604) | - | (5,604) | (2,315) |
| NET CURRENT ASSETS | (2,024) | - | (2,024) | 62,194 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | (2,024) | - | (2,024) | 62,194 | |
| NET ASSETS | (2,024) | - | (2,024) | 62,194 | |
| FUNDS | 8 | ||||
| Unrestricted funds | (2,024) | 62,194 | |||
| TOTAL FUNDS | (2,024) | 62,194 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.
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 8 June 2023 and were signed on its behalf by:
A Waugh - Trustee
The notes form part of these financial statements
Page 4
ROLLADOME ALL SKATE LIMITED
Notes to the Financial Statements for the Year Ended 31 October 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
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.
Page 5
continued...
ROLLADOME ALL SKATE LIMITED
Notes to the Financial Statements - continued for the Year Ended 31 October 2022
2. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 31/10/22 | 31/10/21 | |
| £ | £ | |
| Support costs | 23,799 | 24,485 |
| 23,799 | 24,485 | |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 31/10/22 | 31/10/21 | |
| £ | £ | |
| Other operating leases | - | - |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2022 nor for the year ended 31 October 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2022 nor for the year ended 31 October 2021.
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund | fund | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 15,292 | - | 15,292 | |
| Charitable activities | ||||
| Grants and Donation | 84,906 | - | 84,906 | |
| Total | 100,198 | - | 100,198 | |
| EXPENDITURE ON | ||||
| Raising funds | 24,485 | - | 24,485 | |
| Charitable activities | ||||
| Administration costs | 8,941 | - | 8,941 | |
| Finance Cost | 122 | - | 122 | |
| Grants and Donation | - | - | - | |
| Rolla Skating Classes | 11,937 | - | 11,937 | |
| Other | 6,429 | - | 6,429 | |
| Total | 51,914 | - | 51,914 | |
| NET INCOME | 48,284 | - | 48,284 |
Page 6
continued...
ROLLADOME ALL SKATE LIMITED
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ TOTAL FUNDS CARRIED FORWARD 62,194 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 8. MOVEMENT IN FUNDS At 1.11.21 £ Unrestricted funds General fund 62,194 TOTAL FUNDS 62,194 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 52,844 TOTAL FUNDS 52,844 |
- continued Restricted Total fund funds £ £ - 62,194 31/10/22 31/10/21 £ £ - 28,587 31/10/22 31/10/21 £ £ - - 5,604 2,315 5,604 2,315 Net movement At in funds 31.10.22 £ £ (64,218) (2,024) (64,218) (2,024) Resources Movement expended in funds £ £ (117,062) (64,218) (117,062) **(44,218) ** |
|---|---|
continued...
Page 7
ROLLADOME ALL SKATE LIMITED
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| in funds | 31.10.21 | |
| £ | £ | |
| Unrestricted funds | ||
| General fund | 48,284 | 62,194 |
| TOTAL FUNDS | 48,284 | 62,194 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 100,198 | (51,914) | 48,284 |
| TOTAL FUNDS | 100,198 | (51,914) | 48,284 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement At 1.11.21 in funds 31.10.22 £ £ £ 13,910 (15,934) (2,024) 13,910 (15,934) (2,024) |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 153,042 153,042 |
Resources Movement expended in funds £ £ (168,976) (15,934) (168,976) (15,934) |
|---|---|---|
continued...
Page 8
ROLLADOME ALL SKATE LIMITED
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2022.
Page 9
ROLLADOME ALL SKATE LIMITED
Detailed Statement of Financial Activities for the Year Ended 31 October 2021
| Detailed Statement of Financial Activities for the Year Ended 31 October 2021 |
||
|---|---|---|
| 31/10/22 | 31/10/21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | - | - |
| Donations | - | - |
| Subscriptions | - | 2,204 |
| Admissions | 47,844 | 13,088 |
| 47,844 | 15,292 | |
| Charitable activities | ||
| Grants | 5,000 | 84,906 |
| Total incoming resources | 52,844 | 100,198 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Venues | 23,799 | - |
| Other trading activities | ||
| Pensions | - | - |
| Other operating leases | - | - |
| - | - | |
| Charitable activities | ||
| Rates and water | - | 1,359 |
| Insurance | 982 | 2,936 |
| Telephone | 1,844 | 285 |
| Postage and stationery | - | 957 |
| Advertising | 803 | - |
| Sundries | 113 | - |
| Subscriptions | 598 | - |
| Volunteering and Freelancing | 11,183 | |
| Grants to institutions | - | 734 |
| 15,523 | 6,271 | |
| Other | ||
| Social security | - | 6,429 |
| Support costs | ||
| Management | ||
| Wages | 51,105 | - |
| Pensions | 979 | - |
| 52,084 | - | |
| Finance | ||
| Bank charges | 156 | 122 |
| Carried forward | 156 | 122 |
This page does not form part of the statutory financial statements
Page 10
ROLLADOME ALL SKATE LIMITED
Detailed Statement of Financial Activities for the Year Ended 31 October 2021
| Detailed Statement of Financial Activities for the Year Ended 31 October 2021 |
|||
|---|---|---|---|
| 31/10/22 | 31/10/21 | ||
| £ | £ | ||
| Finance | |||
| Brought forward | 156 | 122 | |
| No description | 21,715 | 24,482 | |
| 21,871 | 24,607 | ||
| Information technology | |||
| Repairs and renewals | - | 10,293 | |
| No description | - | - | |
| 10,293 | |||
| Human resources | |||
| Software licences | 954 | 461 | |
| Sundries | - | - | |
| 954 | 461 | ||
| Other 2 | |||
| Light and heat | - | 89 | |
| Other 3 | |||
| Rates and water | - | - | |
| Insurance | - | - | |
| Light and heat | - | - | |
| Telephone | - | - | |
| Postage and stationery | - | - | |
| - | - | ||
| Governance costs | |||
| Accountancy and legal fees | 1,546 | 2,664 | |
| Legal fees | 1,285 | 1,100 | |
| **2,831 ** | 3,764 | ||
| Total resources expended | **117,062 ** | 51,914 | |
| Net income | **(64,218) ** | 48,284 |
This page does not form part of the statutory financial statements
Page 11