Registered number. CE022238 Chlty number: 1190018 THE DOOA FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
THE DOOA FOUNDATK)N CONTENTS Refor0 and athilnlslralive details of the charity. its trustees and ath¥is• Tru$tws' report Independ•nt examin•rf$ report Stal•mont offinal81 athities Balan¢0 sheet Nokn to tho thandal slatffiients 9-13
THE DOOA FOUNDATION REFERENCE AND ADMINISTrATIVE DEfAILS OF THE CHARThY. ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 PAARCH 2021 J Slngh. Chair (appc4nted 24 Juty 20201 S K D(x>a, Trustee {aprKJinted 24 Juty 2020) R S Dooa, TTuslee {app(Mnted 24 July 21Y20) Cornpany regist•r number CE022238 Charfty reglstorod number 11018 Registered offi Pcxlium. Eallng Cn)5S Fwst Fk Lond( W5 5BW Blick Rothenberg Limited Chartered Ac(ntants 16 Great aen Street Covent Garden London WC2B SAH Page 1
THE DOOA FOUNDATNJN TrUSTEES' REPORT FOR THE PERIOD ENDED 31 MARCH 2021 The trustees Kyesent amual rewrt together the finala1 SL9teThnts of The DrKJA FH18tH)n for the KKI 19 June 2021 to 31 March 2021. The annual rew)rt serves the purposes of bolh a trustees, repJt and a direthws. repJrt under company law. The trustees confim that the annual re[ fnancwl ststements of the aritsbbe company rL)mply the rrent statutory requirements. Ihe requirements ofthe dritable compan$ 9)veming do(Ment and the provisions of the Slalement of Reo)mmended Pra(aice (SORP} applicable to d)arits preparing their accounts in accrydance ¥1h the FnCIal ReFthwig Standard ap1(able in the UK aTr Republic of Ireland (FRS102) {effective 1 January 2019). The chaiitywas registered on 19 June 21Y20. These finandal staiamerrts have been prnpared for th8 period frcrfn incorporat)n to 31 March 2021. Since th8 ¢haiity qualthas as small under salon 382 ofthe Companies Act 2006. the strategic report required of medium and large comleS uTrJer the Compani8s Act 2006 (Strategic Report and Directors. Rep(Kt> R&3ulatKffts 2013 has been omitied. Structure. 90mIre and m•)agement Mgthods of appoinljngnt or elèction of Intstees The chanty was established by a constriut)n dated 19 June 21y20. The trustees who held office durwu Ihe period and up lo the date ofthe rewt ae as folbv%" J Singh (appointed 24 July 2020) R S Dooa (apwinted 24 JY 2020) S K Dooa {awointed 24 Juty 20201 The managem8nt (rf the (thadty is re8tM)nsibiltyofth8 tnlee$. Ttee$ e appointed at Ihe dlscretion of the existing Irustees. The exithg trustees arn r05ponsible for thg inductM)n of any nE4Y trustee. woubj invdve awareness of a tNstee'$ re5pcfftsibiliw. the g)V8rning d(nt. adminkstratNe prrxedures aThJ the phik)sophical approad) oflhe charity. Orllanln slnKlure and deci5ion4n•kSng policigs General meetirys of the trusiees are uswj to govem the drity (wilh Iwo bustees o)nS15tiry a quorum) arKI major deusion$ ¢Th(ling Ihe ¢harfty are made by th8 Iwstee5 at these meetlws. The tntstees ako agree the broad strategy and 8r&2s of activity for Ihe chaiity. induding grant making, investment perfOnCe. reserves The prirKipal of the charity is to hokj the catak and income of the trust In to apFty the income arKE all or such parts of the capild. al such time or times in such a manner to further suth ot4ects or pur which are oxclusively chaiilable according to ts L8w of England and Wdes in ary part of tr h*)rkl and in such manrw as the trustees may in their absc4Lrte diS(Xen think fft. Th8 Iruste8s have h1 rewd to ts guldance issu8d by the Chwiti•s Convnission cfft Flthic Benefft w11en selting their objedives. P¥Jg 2
THE I)OOA FOUNDATION TRUSTEES. REPOIU (CONTINUED) FOR ThE PERIOD ENDED 31 MARCH 2021 The periryj under review has seen the charity receive initial funding froffl Acre Investmnts Limited (prevhjusty named kn 469 Limited). The trustees are n(Y4V takirNJ steps lo fvllyestablish the charity. After making appropriate enqurw, the thjstees have a r&8sonth expedation that the tharity has •Jequata resources to continue In cperalional existence for the foreseeable fubjre. For Ihis reason. they continue to adopt the wing cACoM basis in preparirvJ the financial statements. Futhr details regarding the adoption of the o)ncem basis ¢an be fouThl in the accountiThJ poli(¥es note. Athibes in the ped urKler review have Lwn limited to establishing administrabve prrKthJres to croate a firm Ros•1 policy Reserves as at 31 Marth 2021 MPriSe general pwpose lunds of £897.915. The tr)Jstees ha taken Ihe view Ihat at this stage lfv do t need to have in place a resèrves p)licy. The trust Itse wll operate in a wt makiry paty. it is not a fundional charity having ftxed costs or other ongoiThJ obligalions. Totsl inming resources knto unrestricted fvnds for the year amounted to £W.415 and total resource5 expended amounted lo £2.500. incoming resources compwd of a donation madg byAtre Investsmnts Limited. The charity incurred £2.500 of support Costs and govmnce costs. The f#18¥al statents set Lmrt on pages 7 to 13 summarisg all th& trdnsadions of chality for the pw ende(131 March 2021. Risk management The trustees have asseswj the major risks to which Ihe charity is exposed. in PartioaT ItrKJse related to thg (¥)erations and finareS of the iarity and are satisfied that systems and procedures are in place to rngate our exposure to Ihe maNY risks Plans for futurE The re5 for the )E8r and financial at Ihe sEar end are consK1ed satsfathy by twstees. Tho trustees Vjill begin lo establish further WdureS for the charity in the year aheaj.
THE DOOA FOUNDATION TRUSTEES. REPORT {CONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2021 The trustees {who are also the directo of the (tsity for the purKX)se5 of coNwny law) are resFKwble for preparing Ihe trustees. reF(¥l and financial slatements in accorfano appluble law and United ngth)m A¢(nI4 StarKlards (Unlted Kwd0M GenerallyAccepted ALlnting Practice). Company requres the trustees to prepare finan¢ial statements for eh firwicaal UrKler company law, the trusiees must not approve Ihe financial statements untess they are satisfied that Ihey give a true and fair viw of the state of affairs of the charity and of its irtcoming resources aThJ appIlt)n of resourw6. Including lis and expen(fre. for that perKrtJ. In prepaiing these firnCIal statements, Ihè trtee8 are requir8d to: select suitatAe acowntiro WIleS aThl then y them ojnsistenlly. observe the methcds and princiFAes of the Charities SORP {FRS 1021" make judgrT and aCUnting esb"mates that are Teas(mable and pnjjent state whether apr1) UK Accounting Stsndards (FRS 1021 have b88n followed, suw to any maierial depare9 disclosed and explained in Ihe finanud statements. prepare the finarKaal statemonts the going concem basss unless it Is i)apwopiiate to presurr* that the dwity wll contnue In business. The trustees are respsIble for keepir4J adgquate a)Unting re(X that are sufftwt to strwjw and ewlain thg ariWs transaclions and disch)se wilh reasonable awJrdLy at any time the financial posthn of Ihe charity ar¥J enable them to ensure that the ffinaftck statements cc¥nply Wbth Ihe Companies A(A 20(. They arg a150 responsible for safeguarding the assets of charity and heft for tsking reasonable steps for tion and detwAi(m of fraud and other irregularities. Awoved by order ofthe Membe of the board of trustees and s19rd ijn Iheir behaw ty. J S•vJh Date: I Pagg 4
THE DOOA FOUNDATION INDEPENDW EXAMINER'S REPORT FOR THE PERK)D ENDED 31 MARCH 2021 lependont Examinorfs Rgport to the Trustees of Th• Dooa Foundalion fthg ch1 I report to the charity Irustees C my examinat of Ihe of the tharity tr th8 FerKKI ended 31 Marth 2021. Responsibllltl•s and Basls Report A5 the tnjstees of tho drity (and its diretkn for ts purFh)ses of (x)mpany law) ar8 resp(Thibl8 kn Ihe PrepalI0n of Ihe a(tounts in a(wftJance lIh the reouirements oflhe Companie5 Act 2006 Dhe 2006 Acr). Havry satiSfd myseff Ihat the accwnts of Ihe chaity are nc¢ requiyed to be audited under Part 16 of the 20r Act and are eligible for iTrJependont examinalion, I re in res of my exaM)n of Ihe (aritys ants carried (xrt under section 145 of the Charities 2011 Ilhe 2011 Acr}. In out my eyAminatK)n I have fdbyhvj the Diredi0 gr bylhe Charity Commissilx) urbder seclion 14515Xbl ofthe 2011 h£L 1ndend0rrt Examinorfs Stat•ment sin the tharivs gross income exceeded Q50.000 yIr examiner must be a member of a bc listed in section 145 of the 2011 Act. I confimi that l am quolified to undertaka the examinatrjn be(ause l am a member of Ihe ICAEW, thkh18 one of Iha listed txli8s. I hava compted my examlnalion. l o)nfimi thai no rnatters have come to my attenlkin wi wilh th 8xanwnalN)n grvYwJ me cause to bolwe: aCCnting r8c(Yds were not kept in resp8¢t of the chaiity as rw4uired by Sec# 386 of Ihe 21x6 Art or Ihe accounts do not a¢xord with thos8 reconls" or Ihe accounts th) rnt comply with the a(xUnbrrfj requirements of s8(Jion 396 of the 2(K)6 Act other th any requirement that the accounts gve a Yru8 and fairf ¥iV4V which Is noi a matt&r as part of an Ipendent examinalion: or the aowunts have not been prepar8(I rn accordance wtth the melWs and winciples of Iho Statement of ReLX)mmended Prnclio fLY accwnting 8ThJ rerMYtFng by Charit applble to tharities preparirg their aunts in a([dance ¥th the Finla1 RepIng Standard applicabl• in the UK aTrJ Republic of lrnknd (FRS 102). attth shoukl ba drawn in this r8port in order to able a proper WKl8rst8nding ofthe accwnts to be r&ad. This reF#Yt 18 made soiety to ihe chariws trustees in accordance wilh Part 4 of the Charilies (A(xwts and Rep(Yts) Regulan$ 2008. My work has been undertak8n so that I mwJhl State to the dwrit$ trustees those matters l am required to stslo lo them in an independent examinefs report and for rn other pur[58. To thg fvllest extent pernjitied by law. I do not accept assume responsibilty to #nyc other thè chwity and the thariiys trustees for my vffjrk or for this reporL
THE DOOA FOUNDATION INDEPENDENT EXAMINER'S REPORT {coKfiNUED FOR THE PERIOD ENDED 31 MARCH 2021 sign1. Dated: 02.06.2022 Russell Tenzer FCA Bli¢k Roth•nb•rg Limlted 16 Great Queen Street WC28 SAH P&6
THE DOOA FOUNDATION STATEMENT OF FINANCIAL ACTIVMES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD ENDED 31 MARCH 2021 funds funds Period ended P•rlc•d ended 31 March 31 March 2021 DonalK)ns and bgacies Bank Interest 900.261 154 900361 154 ToLIl In¢offl• 900N15 9WA15 Ewndlthwe on: lnIancyfae 3.000 Total expondiiur• 3.000 Net movement in fvnds 897A15 897A15 R¢¢ondllalion of funds: Net movement in 897N15 897A15 Total funds carried foThvard 897A15 897.415 The Statement of Financial Actbvitss indudes all gains and losses regrij in the wiod. The notes on pages 9 to 13 fcffii part Lrf Ihese financial statements. Page 7
THE DOOA FOUNDATION REGISTERED NUMBER: CE022238 BALANCE SHEEr AS AT 31 MARCH 2021 2021 Current assats Cash at bk and in hand 900,415 {3.OlJO) Creditors: awthnts falling due wilhin orn J 897.415 Totsl a$50ts loss ¢urront liabllltl8s 897,415 Net assets oxcludlng p•nsion asset 897A15 TrAal rt assets 897.415 Charlty funds Restrided fuTrJs Unrestricted fijnds 897.415 Total funds 897.415 The chaiity was entitled to exempOn from au(Jit under secllon 47T ol Ih8 Companies Act 201%. The members have not required the company to (thin an autht for ts p8riod in question in a(¥>)tt1an section 476 ofcompanies Acl 2006. The trustees ackn(fft their TesrKmslbnilles for cOmpln9 with Ihe reqU1ments of the Act V4ilh resped to accounting records and preparation offinanual statements. The financial statements have been prepared in atxothnce *ilh the provisions applicable to entities subied to the small rompanies regirne. The fincial statements were approved and authorK%ed for issue by Ihe trustees and swjned on their behalf ty. J Singh Date: I I tètL. Th8 notes on pages 9 to 13 fomi part of Ihw financyal statsmgrrts. Page 8
THE DOOA FOUNDATK)N NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021 Gon•ral informatlon The Dooa FoundatKJn is a Chadlable Incorpxated or9m1K. Its regst8red address is Podium. Eang Cross, First Floor. 85 Uxbridge Road, W5 5BW. The ttrity was reglstered on 19 Junè 2(r20. These fin181 statemerrts have been prepared for ts periLwJ from IncorpallOn to 31 Marth 2021. The financial Statem are tyesented in Sterlwy 1£). A¢countlng policies 2.1 Basis of preparation of flnanclal slatwnonts The finwKial slatements have been wepargd in aCcOrdae lIh Ihe Charities SORP IFRS 102) _ Accounting and ReFth'ng by Charities: Statoment of Recommef9d Practi apPli(8b io chaiibes preparing their accounts tn acrdare wth the FInaLa1 Rewting Standard appIlble in Ihe UK and Republic of Iretand (FRS 102) {8ffe(kne 1 January 2019). the Finanual Reporting Standard appl&48 in the UK and Republic of Ireland (FRS 1021 arKI the CnIeS Ad 21YJ6. The Dooa Foundation meets the definition of a public benefit entity under FRS 102. Assets aTrJ Itabilrfies 8re initially reuKJnised at histori(a c05t or trans&tkJn value untss othenise stated fft the relevant accounling w)Iw. 22 Going ¢I)nM After making enwirres. th& tnlee5 have a roasonable expects1k that the charity has quate Tesoufces to continue In operational 8xISten and m891 its liab11rt as th&y fall du6 for the forese&able futur8. beiThJ a 10d of at twefve mcffiths from the date these fmn(ial statements were approved. A(rdIrtgty. they (ntinUe to adopt the Wno nrn basis in preparirvJ those finarla1 statements. 2J Incom• l is recognlsed once the tharity has enlitlement io tho income. il 15 pmbable that the Iome will be rwxived and ts amount of IrKme receivable can be measured reliably. 2A Exp•ndituro EXpeThIltu is re(xgnised once the is a legal or ¢onSIntIVe oblbJatbJn to transfer e1C benefft to 8 third paty. it is probable that a transfer of econ(¥nic benefits will b& required setlkment and the anThnt of Ihe obgatIOn can be measured reliabty. Expendittjre is dassified by ¥bvity. The costs of each llty are made up of the total of direct costs and shar&J costs. In¢1J1n9 sUprt costs invow in undertaking each acbvity. Dired o)sts attributable to a siThJle activtty are alkKated direct to that actsvity. Shared costs vthith ntribute to more than one athty and support o)sts which are not auributable to a stngle aivity are apwjrtioned belween those *VItIeS on a basis consistent wilh the use of resources. Central staff o)sts are allOted on the basis of time $m daaOn tharges allocated the rtm)n oflhe at'S use. Eyndiiwti on thwilable ¥lIeS is irnwrred on directy undertthng xlmtss furlher Ihe i$ (jecVe$. as well as any assooated support cost5. Al eXdItre Is Indusive of irre(#)verable VAT.
THE DOOA FOUNDATION NOTES TO THE FINANCL4L STATEMENTS FOR THE PERIOD ENDED 31 IAARCH 2021 Accountlng pollcles Icrmtinued) 2.5 Cash at bank and In hand Cash at bank and in hand indudes cash arKI short4erm hb3hly liquid investrnents wllh a short maturity of three months or from the date of a<¥uisit or ow)Ing of the d8tM)8il siThilar a(thunt. 2.6 Liabllities and provisions Liabililies rwnis8d there is an oblKJalion at the balan sheei date as a sU11 of a past evonc it is probable that a transfer of e(#)rnmic benefft will be requ¥ed in settlemenL and the amount of the Setuement can be estimated reliably. Lhqbililies are reo)fvd at the am(nt that the tharity anli(ipates it pay to setll8 the debt or the amount it has received as wjvanced pawnents Ihe goots or services il musl provide. Prowions are measured at the best eslwnate oftha amowts required to Settte ts obligation. Whgre the effect of the timo value of money is malerid, the provision 15 based on the present value of ttrK)se amThts. discwnted al the pre-tax diswunt rate thal reflects the risks $tr to ts liability. The Un1J ofthe discount is recLxJni5ed in the statement offinarKial actmbes as a LX)St. 2.7 Financw Instswmonts Tho charity only has fthncial assots and financial lithlities of a klThJ that qualrfy as basic finaniial instwmonts. financial inslruments are initially recognised at transaction value and 5thequenty measured at their setljement vakje with the exception of bank bans whlch are sthw4U measured at am(Ktised cctst using the effective interest method. Fund acc(mun9 General funds are unresbicted fund5 which a alab for use at Ihe discretKsn of the trustees in furlherance of Ihe general objeclives of Ihe charity aNI whid) have noi been tYeSIaIed for olher purpose& Vnrn5tric*od Perfod 31 March 31 Mah 2021 K).261 900261 PwJ8 10
THE DOOA FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 IAARCH 2021 Other kncomfr Unrostrlcted funds ended 31 Mareh 2021 endEd 31 Mah 2021 Bank Interest 154 154 Support Total funds ond•d 31 Mareh 31 March supp ¢xts. Indeptht exanination fees 3.000 Perfod 31 lJlar¢h 2021 Fees payth to the ¢hW independent examiner in T9SPeCt of. All other seri1$ not induded above Iring thg per#JJ. no trustees recer4ed any remureralion or other benefits. tring Ihe period end 31 March 2021. r•) trustee 0ypweS have been inrred. Page11
THE DOOA FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021 Credllors: amounls falllNJ *ithln one y•ar 2021 Statement of funds statement of funth- cuent period Balanc• at 31 Mareh Gener Funds- all funds gIMbA15 .000) 897.415 Summary of fund5 Surnmary offvnds. Current wlod 31 hlaych 2021 Income ExpondIn 900A15 (3.000) 897A15 11. of net assets bet¥eTh funds is af n•t assets between funds. ¢urront period Totsl fundy 20X nds 2021 Current assets Credltots due within one ar 0,415 {3.000> 900.415 {3.000) Total 897,415 897.415 Pagè 12
THE DOOA FOUNDATION NOTES TO THE FINMCIAL STATEMENTS FOR THE PERIOD ENDED 31 IAARCH 2021 11 Reconciliafj¢Jn of not movomont In funds to net cash fkn*from opernting a¢liviliBs Period 2021 Net irKome for the period (as per Statement of Financial Aclv¥itiesl 897.415 Justsnerts for: InL¥ease in creditor8 Not ush wividod by oporatlng ¥thiti•s 900.415 13. Analysls of ¢ash and •quivalents Cash in hand 900,415 Total cash and cash oquivalonts 900,415 14. Anatysb of changos in net debt At 31 March 21Y21 Cash at and in hand 900,415 900.41S 0.415 900.415 During Ihe JBar. the fouThJation received dc30 of £9.415 from A0 469 Ltd. subsequent to making payment the IpanY has changed its rme to A(¥e Investments Limited. 16. Controlllng party The bo¥d of trustees is the ¢ontrdlirvJ party. Pag& 13