REGISTERED COMPANY NUMBER: 06040911 (England and Wales) REGISTERED CHARITY NUMBER: 1150624
Trustees' Report and
Unaudited Financial Statements for the Year Ended 31 January 2024
for
Dolma Foundation
Dolma Foundation
Contents of the Financial Statements for the Year Ended 31 January 2024
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 to 6 |
| Notes to the Financial Statements | 7 to 14 |
| Detailed Statement of Financial Activities | 15 |
Dolma Foundation
Reference and Administrative Details for the Year Ended 31 January 2024
TRUSTEES Mr A A Cameron Retired (resigned 11.1.24) Mr T E Gocher Company Director Mrs E M Gocher Secretary Mr A D S Smith Edo Salvation Army Mr D P Stanley Musical Director, Southend Mencap COMPANY SECRETARY Mr A D S Smith REGISTERED OFFICE 1st Floor County House 100 New London Road Chelmsford Essex CM2 0RG REGISTERED COMPANY 06040911 (England and Wales) NUMBER REGISTERED CHARITY 1150624 NUMBER INDEPENDENT EXAMINER AMS Admin Services Limited 27 Old Gloucester Street London WC1N 3AX
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Dolma Foundation
Trustees' Report for the Year Ended 31 January 2024
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 January 2024. 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.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 24 October 2024 and signed on its behalf by:
Mr T E Gocher - Trustee
Page 2
Independent Examiner's Report to the Trustees of Dolma Foundation
Independent examiner's report to the trustees of Dolma Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2024.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Drishti Khandelwal
The Association of Chartered Certified Accountants
AMS Admin Services Limited 27 Old Gloucester Street London WC1N 3AX
24 October 2024
Page 3
Dolma Foundation
Statement of Financial Activities for the Year Ended 31 January 2024
| Unrestricted Restricted funds fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 48,795 36,545 Charitable activities 3 Unrestricted (12,425) - Restricted - (32,194) Total 36,370 4,351 EXPENDITURE ON Charitable activities 4 Unrestricted 2,629 - Restricted - 34,026 Total 2,629 34,026 NET INCOME/(EXPENDITURE) 33,741 (29,675) Transfers between funds 12 (29,675) 29,675 Net movement in funds 4,066 - RECONCILIATION OF FUNDS Total funds brought forward 40,656 - TOTAL FUNDS CARRIED FORWARD 44,722 - |
31.1.24 31.1.23 Total Total funds funds £ £ 85,340 58,335 (12,425) (31,250) (32,194) (27,930) 40,721 (845) 2,629 14,918 34,026 - 36,655 14,918 4,066 (15,763) - - 4,066 (15,763) 40,656 56,419 44,722 40,656 |
|---|---|
The notes form part of these financial statements
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Dolma Foundation
Statement of Financial Position
31 January 2024
| Unrestricted Restricted funds fund Notes £ £ CURRENT ASSETS Debtors 10 1,306 - Cash in hand 50,991 - 52,297 - CREDITORS Amounts falling due within one year 11 (7,575) - NET CURRENT ASSETS 44,722 - TOTAL ASSETS LESS CURRENT LIABILITIES 44,722 - NET ASSETS 44,722 - FUNDS 12 Unrestricted funds TOTAL FUNDS |
31.1.24 Total funds £ 1,306 50,991 52,297 (7,575) 44,722 44,722 44,722 44,722 44,722 |
31.1.23 Total funds £ 1,306 52,085 53,391 (12,735) 40,656 40,656 40,656 40,656 40,656 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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
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continued...
Dolma Foundation
Statement of Financial Position - continued
31 January 2024
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 24 October 2024 and were signed on its behalf by:
Mr T E Gocher - Trustee
The notes form part of these financial statements
Page 6
Dolma Foundation
Notes to the Financial Statements for the Year Ended 31 January 2024
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.
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Dolma Foundation
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
| 2. DONATIONS AND LEGACIES Donations and gifts 3. INCOME FROM CHARITABLE ACTIVITIES Activity Unrestricted School fees Unrestricted Promoting access School fees Restricted Promoting access Restricted 4. CHARITABLE ACTIVITIES COSTS Unrestricted Restricted |
31.1.24 31.1.23 £ £ 85,340 58,335 31.1.24 31.1.23 £ £ - (31,250) (12,425) - (25,504) - (6,690) (27,930) (44,619) (59,180) Support costs (see note 5) £ 2,629 34,026 36,655 |
|---|---|
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Dolma Foundation
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
5. SUPPORT COSTS
| Unrestricted Restricted |
Governance Other costs £ £ 1,029 1,600 5,026 29,000 6,055 30,600 |
Totals £ 2,629 34,026 36,655 |
|---|---|---|
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.
7. STAFF COSTS
| 31.1.24 £ Wages and salaries 5,026 5,026 The average monthly number of employees during the year was as follows: 31.1.24 No employees received emoluments in excess of £60,000. |
31.1.23 £ 7,227 7,227 31.1.23 |
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Dolma Foundation
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 58,335 - Charitable activities Unrestricted (31,250) - Restricted (27,930) - Total (845) - EXPENDITURE ON Charitable activities Unrestricted 14,918 - NET INCOME/(EXPENDITURE) (15,763) - RECONCILIATION OF FUNDS Total funds brought forward 56,419 - TOTAL FUNDS CARRIED FORWARD 40,656 - |
Total funds £ 58,335 (31,250) (27,930) (845) 14,918 (15,763) 56,419 40,656 |
|---|---|
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Dolma Foundation
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
9. TANGIBLE FIXED ASSETS
| COST At 1 February 2023 and 31 January 2024 DEPRECIATION At 1 February 2023 and 31 January 2024 NET BOOK VALUE At 31 January 2024 At 31 January 2023 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors Accrued expenses |
31.1.24 £ 1,306 31.1.24 £ 352 6,023 1,200 7,575 |
Fixtures and fittings £ 1,299 1,299 - - 31.1.23 £ 1,306 31.1.23 £ 352 6,023 6,360 12,735 |
|---|---|---|
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Dolma Foundation
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
| 12. | MOVEMENT IN FUNDS | |||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.2.23 | in funds | funds | 31.1.24 | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| Unrestricted funds general | 40,656 | 33,741 | (29,675) | 44,722 | ||
| Restricted funds | ||||||
| Restricated | - | (29,675) | 29,675 | - | ||
| TOTAL FUNDS | 40,656 | 4,066 | - | 44,722 | ||
| Net movement in funds, included in the above are | as | follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|||
| Unrestricted funds general | 36,370 | (2,629) | 33,741 | |||
| Restricted funds | ||||||
| Restricated | 4,351 | (34,026) | (29,675) | |||
| TOTAL FUNDS | 40,721 | (36,655) | 4,066 | |||
| Comparatives for movement in funds | ||||||
| Unrestricted funds | At 1.2.22 £ |
Net movement in funds £ |
At 31.1.23 £ |
|||
| General fund | 56,419 | (15,763) | 40,656 | |||
| TOTAL FUNDS | 56,419 | (15,763) | 40,656 | |||
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Dolma Foundation
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | (845) | (14,918) | (15,763) |
| TOTAL FUNDS | (845) | (14,918) | (15,763) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Unrestricted funds general Restricted funds Restricated TOTAL FUNDS |
Net Transfers movement between At 1.2.22 in funds funds £ £ £ 56,419 (15,763) - - 33,741 (29,675) 56,419 17,978 (29,675) - (29,675) 29,675 56,419 (11,697) - |
At 31.1.24 £ 40,656 4,066 44,722 - 44,722 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | (845) (14,918) |
(15,763) |
| Unrestricted funds general | 36,370 (2,629) |
33,741 |
| Restricted funds | 35,525 (17,547) |
17,978 |
| Restricated | 4,351 (34,026) |
(29,675) |
| TOTAL FUNDS | 39,876 (51,573) |
(11,697) |
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Dolma Foundation
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2024.
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Dolma Foundation
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 January 2024 | ||
| 31.1.24 | 31.1.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations and gifts | 85,340 | 58,335 |
| Charitable activities | ||
| School fees | (25,504) | (31,250) |
| Promoting access | (19,115) | (27,930) |
| (44,619) | (59,180) | |
| Total incoming resources | 40,721 | (845) |
| EXPENDITURE | ||
| Support costs | ||
| Finance | ||
| Bank charges | - | 104 |
| Other | ||
| Wages | 5,026 | 7,227 |
| Sundries | 572 | 249 |
| Bank charges | 457 | 546 |
| Governance costs | 6,055 | 8,022 |
| Consultancy fee | 29,000 | - |
| Accountancy and legal fees | 1,600 | 6,792 |
| 30,600 | 6,792 | |
| Total resources expended | 36,655 | 14,918 |
| Net income/(expenditure) | 4,066 | (15,763) |
This page does not form part of the statutory financial statements
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