Charity ntsmber.. 202349 THE DOCKLANDS SETTLEMENTS TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 "ACIS4ROA* 20112fd023 KIPANIES HOUSE A25 THE DOCKLANOS SErrLEMENTS CONTENTS Page Reference and admlftistrative details of the Charity. Its Trustses and advisers Trustees, report Independènt audttors. report on the financlal statements 8-12 Statement of financlal actlvltles 13 Balance sheet 14 Statement of cash flows Notes to the financial statements 16-36 THE DOCKLANDS sE￿LEmENTs REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trustees Montague Meyer {Chatrl Alan Stead FCA (fruslee) Shalini Sharma (TnJsteel Phillip Elson ITrusleel Curt Fahndrich (frusteel Martin Young (frusteel Tracy Anne C￿nIngharn ITrustee) Mark Hom (Trustee) Grace Willimott (Trusleel Charity reglstered numbèr 202349 Principal office 98 Gibtxns Road London E152HU Independent auditors Bames Roffe LLP Chartered Accountants ststutory Auditor Leylon5tone Hujse Leytonslone London E11 1GA Page 1 THE DOCKLANDS SEThLEMENTS TRUSTEES. REPORT FOR THE YEAR ENDED 31 ￿R¢H 2023 The Trustees who are also the director5 of the Charrty for the purposes of the Comp3ni&s Act 20(￿, present their ￿port wrth the financial slalemen15 of the Charity for the year ended 31 March 2LY23. The Trustees have adopted the provisions of Accounting and Re￿￿"ng of Charib"es_ Statement of Recommended Practice applicable to charib'es preparing their accounts In a¢cordafKe with the Financial Rep)￿.ng Standard applicable in the UK and Republic of Irdand IFRS 1021 (effective 1 January 2019). Objectives and activities a. Policies and objectives To establish andlor administer and carry on c(xnmunty centres in Lorthn and l or elsewhe￿ in the UK. To provide facilrties for ieue8tit)n and for all or any types or type of physical. mÈntal. moral, educational and cultural training for aTrl to improve the lives of the inhabitants or of neighbourhoods of our community centres without distinction of sex or ra￿ or of political, rdwJious or other options. In connection bwth Ibl to do all or any of the folhJw"r¥J'. conlinue, inib"ate. develop. promote, er£ourage, organise and coordinate.. Social swi￿$ of a charrtable nalu Educational classes and lectures and other foms of educational activity and training 111. Cultural and recieational education and training IV. Study and practice of citizenship irrespective of any pditical paty Rdigious thought and manner of living Public benefit The Tru51ees have considered the Charity Commission guidance on public benefit. and consider that the activit￿S of the Charity meet ils charitable obJ'ecb"ves and provide a benefit to Ihe public. Achievements and performance a. Charitable activities Some Charitable activib.es no longer retumed Sin￿ a lot of ujr user groups are working from home and no longer corne straight from work lo use our sporting facil￿eS. The Fo(xS Bank continues after Ihe Pandèmic as the costOCKLANDS SErrLEMENTS TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 ftri4RCH 2023 Achievements and performance Icontinuedl d. Isle of Dogs Calders Wharf continues to welcome new groups to the Centre and has a very welkattended martial arts group that attends three times per week. ot1￿r gr(yJps include pilate5. yoga. baby sensory and a very well attended and estsblished play care provis￿n. Calders Wharf continues to struggle to encourage da￿'me usage, although the 1X)p￿ar Chinese and Vietnamese Refugee group continue to use the facilrties t￿.¢e per week. Part(view Play is Ihe only outdwr play provision in Tower Hamlets and prides itself on delivering a V•ide range of OLrtdoor acts'vilies for children from 4yrs- 11 years, for fifty weeks of the year. Numbers increase every school year and there can be as many a5 seventy children attending a day. Various trips out in minibuses to the seaside, fun park5, cinema. play parks et¢ make up the programme and the increase in fees has seen the play Ca￿ provi5K¢n makn.ng a sEeable profil. It Is the intention of Park View play to Introduce 'Bank StreeY- a new inits"atsve to the ￿8Y prr)vision, where staff in minibuses collect children ol working parents trom the hIg￿profile Canary Wharf site and provide them with an outdoor programme before retumirg them to their parents at the end of their working day. We hope this wll enable more ehildren lo 'learn thrO￿h play. bul also be corwenient for their parents. busy lives. This initiaknve is the only one Jn Tu*er Hamlets an¢J if successful can be rc41ed out in the other Boroughs The Dockland Settlements oper*es. e. Concluslon The Charity eonlinues lo seek other buildings and venues in other London Boroughs lo rdl out their work %Mth the local community and are athvely seeking lo develop more partnerships wlh other charities and CIC's_ We aim to increase the numbers of volunteers supporb.ng our charity. The Charity also wtdes itselfon the retention and continutyof staff member5 who have shown commitment and loyalty to the Charty throughout variou5 struggles. The Trustees believe that the staff team enaljes the Charity lo evolve with new and excits.ng wojects and wll meet any demands that are faced in the coming years. We will continue supporting the mosl VUIr￿abIe, dis*lwanlaged and lo￿ people in the areas where we work and react quickly to local issues and concems. Page 4 THE DOCKLANDS sE￿LEmENTs TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 fdARCH 2023 a. Financial review The Charills income is derived from 3 regular principal sources and as indicated in the Trustees Report they the renting of parts of the buildiros for office use and the hiring of larger space lo user gTOUPS for sptsrting. hobby ciafts and similar organised activtb"es.' ¢hild¢are provision pre arKI after schocA seryices.. an fund raising social events. Additionally, there are valued donations wlh speaal SUPFQrt prwded by the CarpenleT5 Livery Company and investment income. The lolal income for the year lo 31 March 2023 was £839,540 (2022- £744,618J. whtch is less (2022- less) than the Charitls expeThliture of £941,560 (2022- £782.219) in managing and running the 3 localK)rbS at Slratford. Isle of Dogs and Rotherhithe and lundraising cosls of£14.201 (2022- £1.577). The F)osilion this year is further re¢knwJ by a decrease in the value of the Charitys low risk investments of £185.302 (2022- £28.282) There is therefore a final deficit of £301,523 (2022- £67,46U). The Trustees have consiclered fo￿a$1$ in the light of the cost of living crisi5 arKI econ¢)mic uncertainty wth the ¢ountry, lakiThJ into account that a number of the Chariws activities have been reduced. The risk lo fv Charitys finanual position is mon11c￿ed throughout the year and Ihe Trustees are sats'sfied that there are ￿ material uncertainties in the Charitys status as a going concem. b. ReseThes poli The Trustees have sel themselves a tsrgel of having six months running cost of unrestricted reserves IK)t inve51ed in fixed assets available. This prudent pKov15ion has not been achieved thi5 year but the Trustees hope to achieve this goal over the next few years by increasing income and. if necessary, transferring funds from Designaled Funds lo Genefal Funds within totsl unrestii¢ted fvnds. ¢. Designatsd ftsnd5 During the year, the Trustees have Cc￿￿.nued to utilise 7 design*ed funds from the prior year. The Trustees feel that thi5 classificatson best reflects the intended use of these funds lo invest and support sFeciftc projects and activities undertaken by the Charity. These bjnds are rw)t inlended lo te used in Ihe day-to4ay funding of the Charity For more information, please see Note 17 to the finanua statements. d. Future plans Plans lof the upcominy financial year indude.. - Fundraising 10 5UPPOrt Ihe Communrty Development Worker for ar￿ther year Dockland Settlement Reunion on the 151e ol Dogs", Fundraising for The Calyn * Rotherhilhe", Fundraising for grants lo suppL¥t grass roots projects. Page 5 ThE DOCKLANDS S￿LEmENTs TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Structure* governance and management . Governing document The Charity is controlled by its governing document. a deed of trust. and cortsts"iutes a limited company, limited by guarantee, a5 defined by the Cornpanies Act 2006. b. Recruitment and appointment of new trustees Trustee role descripts'ons are prepared refleth.ng the current needs for the tx)ard. Advertising is made in a jL*Jioous and fO￿Se[l manner, e￿Ing diversity wthin the Board and appointments based on merit. A declarab.on of digibility SUFWJrt5 any apwrtment to the Board. c. Key management remuneration The Trustees carry out an pay review lo ensure that the Chartys pay levels are fair, compebb.ve and an effective use of chantable fvnds. Statement ol Trustees, re$ponslbllitles The Truslees are responsible for preparing the Trustee5' report and the financial 5taternenls in accordance with applicable law and Unrted Kingdom Accounb"ng Standards {United I￿"￿￿10M Generally Accepted Accounting Practice). The law applicat4e lo charities In England & Wale5 requires the Trustees to p￿pare financial statements each finanoal year which give a Iwe and fair view of the stsle of affairs of the Charity and of f¢s incoming resoLJrces and application of resources. including its income an¢J expenditure. for that period In p￿paring these financial statements. the Trustees are required to= seled suitable accounting poI￿leS and then apply them consislenlly. observe the melhcKls and principles of the Charits"es SORP IFRS 1021." make judgments and accounting estimates that a￿ reasonable and pnjdent.. slate whether applicable UK Accounts"ng Standards IFRS 1021 have been folbwed, subj-ect lo any material departu￿$ disc105ed and explained in the finanaal statements," prepare Ihe financial statemerts the going ¢(￿Cern basis unless it is inappropriate lo p￿SuM8 th* the Charity will conkn.nue in business. The Trustees are responsible for keeping adequale accountr"r¥J records Ihat are sufficient to show and explain the Charity's transactions and disclose wrth reaSona￿e accuracy at any time the financial posrtion of the Charity and enable them to ensure that Ihe financial statements compty wth the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of the Trust aeeLI. They are also resp)nsible for safeguardir4J the assets of the Charity and hence for lakn.ng reasonable steps fof the prevention and detection of fraud and other irregularities. Page 6 THE DOCKLANDS SETTLEMENTS TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 ftrtARCH 2023 Dl$closure of Information to audltors Each of the persons who are Trustees al the ts.me when this Trustees. report is apwoved has confimed that.. so far as that Trnstee is aware. there is Th) relevant audit infomiallL￿ of which the Charity's auditors we unawwe, and th81 Trustee has taken au Ihe sleps that ought to have teen taken as a Tnjslee In order to be aware of any relevant audit information and to estsblish that the charitys auditors are aware of that information. Audltors The audilors, Bames Roffe LLP, have indicated their ￿llingneSS to continue in office. The designated Trustees will propose a motion reappoinb'ng the auditors al a meeting of the Trustees. Approved by order of the members of the boa￿ of Trustees M 28liin023 and s￿ne￿ on their behalf by.. Makk IIDF M Horn (Trusleel Page 7 THE DOCKLANDS sE￿LEMENTs INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE DOCKLANDS SETTLEMENTS Oplnion We have audited the financial statements of ￿ D¢xklands SelYerr*nts {the'eharityl for the ye¥ end￿ 31 Maich 2023 which comprise the slalement of finanaal activth"es, Ihe balance sheet, the statement of cash flows and the related notes, including a summary ol significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingd(xn Accounling Standards, induding Financial Reportiw Standard 102 The Financial Reporb"ng Standard ap￿1¢a￿e in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accountsng Practice). The financial stslemenls have been piepared in accordance wilh Accounting and Reporting by Charitie5 preparing their accounts in accordan￿ with the Finanaal Reporb"ng Standards applicable in the UK and Republic of Ireland IFRS 1021 in p￿ference lo the Accounting and Reporting by Charrties.. Statement ol Recommended Piacb"ce issued ￿ 1 April 2005 whid) is referyed to in the extant regulat￿n5 but has been withdrawn. This has been done in order for the xcounts to provNJe a tn￿ and fair view in accordance wrth the Generally Aeeepled Accounting Prath"ce effective for reF(Jrting penods trfinning on or after 1 January 2015. In our o￿nIOn the financial statements.. give a Irue and fair view of the state of the chaiitls affairs as at 31 March 2023 and of its incoming reSoUr￿S and application of resources for the yew then ended", have been properly prepare(l in accordance with UThled KiThJdom (kneraNyAccepted Aectsuntiro Practice.. and have been prepared in accordarKe wth the requirements ofthe Charities Act 2011. Basis for oplnlon We conducted ¢Jur audit in accordance y￿1 Internalional StarKfards on Audthng (UK) IISAS {UKII arKI applicable law. Our responsibilities under those stsndards are further described in Ihe Auditors. responsibilitie5 for the audit of the financial statements section of wr report. We are independent of the chanty in accordance with the ethical ￿quIrementS that are relevanl lo cyjr audit of the financial stslernenls in the Unrted Kingdom, including the Finanual Rewrting Council's Ethical Standard, v* have luffilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient an appropriate to provide a basis for our opinion. Conclusions relating to going concem In auditing the financial stslements, ￿ have conduded that the Trustees. use of the going concem basis of a¢counling in the preparation of the financial slatemenls is appropnate. Based on the work we have performed, we have not idenlified any material ur￿rtaInlieS relating to events or conditions that, individually or colleth"vely, may CASI significant doubl on the charitys ability lo continue as a going concern for a period of at least ￿￿Ve months from the fina￿131 slalemenls are authorised for issue. Our responsibilitie5 and the responsi￿"11bes of the Truslees with respert to going ￿￿Cern are described in the relevant secli(ns of this rewt. Page 8 THE DOCKLANOS SEThLEMENTS INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE DOGKLANDS SETTLEMENTS ICONTINUEDI other information The other information comprises the information inclu¢Jed in the annual report other than the financial statements and our audilors, ￿pOrt thereon_ The Trustees ale responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other Information and. eX￿p1 to Ihe extent otherwise explicitly stated in our report. we do not expres5 any form of assurance conclusion Ihereon. Our responsibility is to read the other infomiats.on and. in doing so, consider whether the other infomi8bon is materially ineonsistent wth the financial statements or kno%￿edge obtsined in the Course of the 8udrt, or othewise appeats lo be materialty misstated. If we identify such material inconsistencies or apparent material misststements, we are required to determine whether this gives rise lo a material misslalement in the financial statements themselves. If, based on the work we have perf(mied. we conclude that there is a material fflisslalemenl of this other inf¢xmalion. we are required to report that fact. We have nothing to report in this regafd. Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect of the followng matters where the ChaTities (Accounts aJwJ Reports) Rggulations 2008 requires us to report to you if, in wr opinion= the infom3lKJn given in the Trustees, ￿E￿)rt is inconsislent in any material respect wlh the fina￿la1 statements,. or sufficient accounting recc*ds have not been kept.. or the financial statements are not in agreement with the 8¢counbng records and retums.. or we have not received all the infomiation aThJ explanations we require for our audit. Re$pon$ibi1Sfjès of trustees As eX￿ained more fully in the trustees, responsibilth.es statemenl. the Trustees are responsible foT the preparation of the financid statements whith give a true and fair view, and for such internal control as the Trustees éelem)ine is necessary lo enable the preparation of financial statements that are free from material misslatemenl. whether due lo fraud or ernr. In preparing the financial stslements. the Trustees are ￿ponSIble for assessing the charity's ability lo continue as a going concem, disclosing. as applicable, matter5 related lo going concem and using the going concern basis of accounting unless the Trustees either intend lo liquidale the charity or to cease operations. or have no realists"c allernalive but to do so. P8ge 9 THE DOCKLANDS SETTLEMENTS INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE DOCKLANDS SETTLEMENTS {CONTINUEDI Auditots, responsibllitles lor the audit of the financlal statements We have been appointed as audr(or under seth.on 145 of the Charities Act 2011 and report in accordance with the Acl and relevant regulations made or having effect thereunder. Our obJ'eclive5 are lo obtain reasonable assurance about whether the financial stslement5 as a whole a￿ free from material misslalemenl. whether due lo fra￿1 or ertor, and to issue an auditots, report that indudes our opinion. ReasonatrAe assurance is a high level of assurance, but is not a guarantee that an audit condLJCted in accordance with ISAS IUKI wll always detect a material misstalemenl when it exists. Misststements can arise from fraud or error and are considered material if. indiwdually or in the aggregate. they could ￿aSonablY be expected to inffuence the economic deush￿S of users taken on the basis of these finanaal statements. liregularitses. including fraud. are instsnces d n0n-c0mpliar￿e vthh 8nd regulations. We design procedures in line wlh reswsibililies. ouyined above. to detect rnalerial misstatement5 in respect of irregularities, inclijding fraud. The extent to which our procedures afe capable of delecling ifregularities, including fraud is detailed l)elow". Identifying and assessing potentlal rksks related to Irregularities In Identif￿'n9 and assessing risks of material misstslemenl in respect of irregLAartb"es we conshyered the following.. the nature oflhe industry. sector and control environment irKluding the procedures for revenue recognition., results of our enquiries of management aboLrt their own identification and assessment of Ihe risks and irregularities.. any matters we Klentified having made enquiries of management at¥)ut their wlic*s and procedures relating lo-. identifyirrfJ. evaluating a￿1 complyiThJ vhth lav*S and regulations and whe￿[ they are aware of any instances of non-compliance.. electing atyl responding lo the risks of fraud and whether they had kTr￿edge of any athal, suspected or alleged fraud.. the internal controls established to mitigate risks of fraud or non-compliance wrth laws and regulations,. arKI Ihe matters discussed among the audit engagement team regarding hchv and where fraud might occur in teh financial statements and any potential indicators of fiaud. As a result olthese procedures. we COn￿dered the opportunities and in￿ntiVeS that may exist wlhin the organisats.on for fraué. In common wth all audits under ISAS (UK), we are also required lo perform specific procedure5 to respvnd lo the risk of management overrtde. We also obtained an understanding of the legal and regulatory frameworks that the Charity operates in. focusing on pTovisiorbS of those laws and regulations that had a direct effect on the delerminots'on of material amount5 and disdosures in the finanaal statement5. The key laws and regulations we ¢on5idered in this context induded the UK Com￿leS Act and local tax legislat￿n. In addition, we considered provisions of other laws and regulations that do not have a direct effecl on the financial statements. trrtjt compliance wth which may be fundamental to the Chantys ability to operale. Page 10 THE DOCKLANOS SETTLEMENTS INDEPENDENT AUDITORS. REPORT TO TPEE MEMBERS OF THE DOCKLANDS SETTLEMEPITS (CONTINUED) Audit rèsponse to risks identified As a result of perfomiing the above. our procedures lo respond to the risks identffied included the following.. reviewing Ihe financial statement dis¢losures and lesb.ng lo supporting dtxumenlalion lo assess complian¢e wth provisions of relevant laws and regulations described as having a direct effect on the financial statements., enquiring of management aixjut actual and potential litigalK•n arnj claims.. performing analytical pr¢Kedwes and substsntive testing to identify any unusual or unexpected relationships that may indicate risks of rnaterial mislalement due to fraud.. obtained an understanding of the provisions and held dis￿$$11￿$ ¥￿th management to understand the basis of recojnibon or non-recognib.on of lax provi510ns" in addressing the risk of fraud through manangemwl override of ￿ntrolS, le51ing the appropriateness of journal entries and other adjustments., assessing whether the judgements made in making accounting estimates are indicative of a potential bi8S.' and evaluatiThJ the businvss rabonale ofany significant transxtions Ihal are unusual or outside the nrxmal cojrse of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indicatK)rts of frwd or notFcompliance with laws and regulations throughout the audit. A fijrther descripbon of our responsit)ilities for the audit of the financial stalements is located on the Financial Reporting Council's website at.. www.frc.or .UkJaudit￿sreS nsI￿lItieS. This description form5 part of our auditors, report. Page11 THE t￿￿KLANDs SETTLEMENTS INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE DOCKLANDS SETTLEMENTS ICONTINUEDI Use of our report This report is made solely lo the chartys Iruslees. as a bcNJy, in accordance with Part 4 of the Charities (Accounts and Reports) Regulabons 2008. Our audii work has been undertaken so that we might state ID the charitys trustees Ihose matters we are required to state lo them In an audilors, report and for no other purpose. To the fullest extent permrtted by law, we do not accept (N assume responsibility to anyone other than the charity and its Iru5tee5, as a body, for our audit work, for this report. or for the opinions we have formed. Barnes Roffe LLP Charteied Accounlanls Slalulory Auditor Leytonslone House Leytonslone London E11 1GA 1511212023 Bames Roffe LLP are elgble to ad as audrtors in tems of sectron 1212 ofthe Companies Act 20C6. Page 12 THE t)OCKLANOS SETTLEMENTS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted funds 2023 Restricted lunds 2023 Endovmient funds 2023 Total funds 2023 Total funds 2022 Note Income and endowments frorn: Donations and legacies Other trading aclivilies Investments 95.869 608,325 68,$56 66.790 162.659 608.325 68,556 123,288 577.216 44.114 Total income and endowments 772.750 66.790 839.$40 744,618 Expenditure on.. Raising furKIs Charitsble activities 14.201 880.660 14,201 941.560 1,577 782,219 60.900 Total expenditure 894.861 60.900 9SS,761 783. 796 Net lexpenditurellincom e before net losses on investments Nel losses on investments 1122.1111 5.890 1116.2211 (39. 178) 1185.3021 {18S.3021 (28,282J Net movement in funds 1307.4131 5,890 {301.5231 (67,460) Reconciliation of funds.. Total funds brought fornar(f Net movement in ftjnds 2.730.245 49.214 300.1)00 3,079,459 3. 146,919 1307.4131 5.890 1301,5231 (67,460) Totsl funds carried forward 2.422.832 $5.104 300.000 2.777.936 3,079,459 The Statement of F￿ana81 ACtiv￿eS indudes all gains and losses reCO￿lSed in the year. The notes on pages 16 to 36 form part ol these financkgl stalemenls. Page 13 THE DOCKLANDS SETTLEMENTS BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Note Fixed assets Tangible assets Inve51menls 13 14 602.322 2.188.907 575,477 2.492,434 2,791,229 3.067,911 Current assets Debtors 15 20,615 29.994 14,512 79.041 C8sh at bank and in hand 50,609 93.553 Credrtors." amounts faling due wthin one year 16 163.9021 (82.005) Net current liabilities l assets 113.2931 11.548 Total net assets 2.777,936 3.079,459 Charity funds Endowment funds Reslricled funds Unrestricted lunds 17 300,000 55,104 17 49.214 Designated lunds - New Venture Fund Designated funds- other General ftjnds 17 1.581,422 752.322 89,088 1,890,000 781.284 58,961 17 17 Totsl unrestricted lunds 17 2.422.832 2, 730.245 Total funds 2.777.936 3,079,459 The financial statements were approved and arthorised f(x issue by Ihe Tnjslees on 28J1112023 and signed on their behalf by.. Alan Stead FCA (Trustee) The noles on pages 16 to 36 fom part of these financial 51atemenls. Page 14 THE DOCKLANDS SErrLEMENTS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Cash flows from operating activitios Net cash used in operating aclNities 1174.4781 113,522) Cash flows from investing activities Pur¢hase of tangitrle fixed assets Movement in fixed asset invesknents Interest receive¢J 161,290) 118.22S 68,495 127,493J (30,551) 58,113 (81) Intèrest paid 14et cash used in investing activities 125.431 1121 Change in cash and cash equivalents In thè year Cash and cash equivalents al the beginning of the year {49,0471 79,041 113,5341 92,575 Cash and cash equivalents at the end of the year 29,994 79,041 The notes pages 16 10 36 fom) part of these finarKial stslements Paje 15 THE DOCKLANDS SE￿LE￿NTs NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 klARCH 2023 General Infomiation The Dockland Settlements Clhe Charilf) is a company. limited by membe￿. guaranlee, incorporated in England and Wales. The Charitls registered office is 96 Gibbins Road. London, E15 2HU. Accountlng policies 2.1 Basis of preparation of financlal statements The financial statements have teen prepareil in accordan￿ Trmth the Charities SORP IFRS 1021- Accountiro and Reporting by Charib'es.. Slatement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appI￿a￿e in the UK and RepU￿1C of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial ststements have been prepaTed lo give a Irue and fair vw and have departed from the Charities IAccounts and Reports) Regulations 2008 only lo the extent required lo provide a 'true and fairf view. This departLJre has involved follo￿n9 Ihe Charilies SORP IFRS 1021 published in October 2019 rather than the Accounb"ng Reporting by Charilies.. Statement of Recommendèd Practits effethe fr¢Jn 1 A￿.1 2005 wl)ich has sirte teen Wit￿￿raWn. The Docklands SetUement5 meets the definrtion of a public benefit enlily under FRS 102. Assets and liabilities are initialty reco9nised at hiSt￿car ¢ost 01 transaction value unless otherwse stated in the relevant aCc￿ntIng w)licy. 2.2 Income All incorrE is recognised in the Statement of Financial Acti¥itie5 once the Charty has entitlement to the funds. it is probable that the income wll bè received and the amoLmt of income receivable can be measured reliably. Income from cornmunity activthes is indude in In￿Me when invottd and from grants receivable when any condib.ons relating lo the grants have been sabsfied. 2.3 Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity lo that expenditure. it is probable Ihat a transfer of economic benefits will be required in settyefflent and the amount of the obligats.on can be measured reliably. Expenditure is accounted lor on an accruals basis and has been classffied under headings that aggregate all cost related to category. Where costs cannot be directly attn"buted to particular headings, they hav2 been allocated to activitses M 8 basis consistent ￿th the use of resour￿$. Expenditure on raising funds includes all expenditure incurreLf by the Charity to raise funds for ils charitsble purposes and includes costs of all fijndraising activrtie5 events and non-charilatsle Ifading. Expenditure on charitable acb"vities is In￿rred ￿ diredy undertaking the aclivits.es hthich further the Charity's obl￿￿.Ve$. as well as any assrxialed support costs. Page 16 THE DOCKLANDS sErrLEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (continued) 2.4 Interest rKelvable Interest on funt1s held on deposit is induded when receivable and the amount can be measuied rdiably by the Charity., Ihis is nomally upon notIficats￿ of the interest paid or payable by the institut1r￿ with whom the fvnds ale deposited. 2.S Taxation The Charity is exempt from cCKporatiC￿ tax on rts chartable activities. 2.6 Tangible fixed assets and depreciation Fixed assets are stated at cost less depreciation. Assels below £2.000 are wriilen off in the year of purchase. Depreciation is provided on fixed assets at rates which wll wiite off the cost of the asset over their usefijl economic lives. Depreciation is provided on Ihe following bases.. Leasehold property - 2% on cost Long-terrn leasehdd property - not provided Motor vehicles - 25% on cost Fixtures and fitting5 at variable rates on re(lucing bal8nc* The carryng values are revith%ed at the year end for impaimient rf circumstances indicate that the full carying value may not be ￿0verable. No depreciation charge is made in respect of lortrlerni leasehold property as this rdates to land only. 2.7 Investments Fixed asset investments compnse an investment portlolio which is managed by an oulsicle provider. This is Induded in the balance sheet at current markel value as al the balance sheet dale, income is taken into the Statemenl of Financkal Acti¥Aties when accrued in the fund. Any un￿aliSed gains or losses on listed imiestrments are i￿1￿￿ed in the Stslement of Financial Actithlie8 for the year. Olhef inveslments hekj as fixed assets are shown at cost less provision lor impaimienl_ 2.8 DebtOf5 Trade and other debtors are recogrused at the settlement amount. Prepa￿nen1$ are valued al the amount prepaid. 2.9 Cash at bank and in hand Cash at bank and in hand includes cash. current bank accounts and a cash account which is part of a larger investrnent fund. Page 17 THE DOCKLANDS SETTLEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 h14RCH 2023 Accountlng pollcles {conllnuedl 2.10 Creditors Creditor5 are reeognisetl vthere the Charrty has a present ts￿1￿8110n resuliing from a past even Ihal 11 result in the transfer of funds lo a third paty Ihe amount due to settle the obligalion can be measured or estimated reliably. CredIt￿S are recognised at their settlement amourrt. 2.11 Fi￿ancial instruments The Charity only has financial assets and financtal liabilitie5 of a kind that qualify as ba51¢ financial inslwments. Basic financial instruments are initialty recognised at Iran5aCtion value and subsequendy MeasU￿d at thejr settlemenl value with the exception of the current asset investment ith is MeaSu￿d at maiket value. 2.12 Pensions The Charity operates a defined contr1but￿n pension scheme. Contr"PAJlions payable lo the Chariws pension scheme a￿ charged to the Slatement of Financial A¢bvities in Ihe per1￿j to which they relate 2.13 Fund aecounting General lund5 are unrestricted fuThas t* used in accordance with the charitable objectives at the dIsc￿li0n ofthe trustees. Designated fvnds comprise vnreslricled fvnds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fvnd is set out in the notes lo the financial statements. Restricted furKJs a￿ funds whit* ¢2n only be used fof particular restricted purposes wthin the objectNes of the tharity. Restricttorts arise when specified by the donor or when funds are raised lor particular reslrilaed purposes. Further expL3nation of the nature purposes of each fund is included in the notes lo the financial statements. 2.14 Donatsd services and facilities Dorklted services and facililies are included in the Statement of FIn￿CIal Activities as income and expenditu￿. The amounls are valued at the ￿$t that the Charity would have hail lo incur. Page 18 THE DOCKLANDS SErrLEMENTS NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 PLARCH 2023 Criti¢al accounting estimates and areas of judgment In preparing financial statements il 15 necessary lo make certain iu&Jemen15, estimations and assumptions that affect Ihe amounts recognised in the financtal statements. The following judgemen15 and estimates are ccnsidered ty the Twslees to have the most significant effect on amounts recognised in the financial slalemenls. Critieal accounting esb'mates and assumptions". Useful life of I￿91t￿e fixed assets: The annual depreciation ch3rge for langible fi¥eiJ assets is sensitNe lo changes in the eslimaled useful economic lives and ￿51dVa1 values of the assets. The useful ects)omic lives arKJ residual v8lues are reassessed annually. They are amended when necessary to reflect current ests'mates. based on technological advancement. fulure investrnents, economic ublisation aThJ the physical condition ol the assets Income from donations and legacies Unrestricted Restricted fund$ funds 2023 2023 Total funds 2023 Grants Carpenters Co Trust East End Community Foundation Canary Wharf Southwark c￿n¢11 Newharn Council Clarion Housing Grwp Warm Haven Albion Street Community Adive Sport United St Saviours Charterhouse Southwark Soulhwark Charities East End Cornmunity 15,0 9.000 15,000 12,000 1,31)0 18,810 30,000 5.000 3,000 1,300 18.810 30,000 5,000 500 1.000 1.000 2.000 7.980 1.700 1,000 1,01)O iooo 7.980 1,700 2,700 2,700 Subtotal detailed disclosure 32,2C(I 66,790 98,990 Donations Grant5 48,669 15,OC 48,669 15,000 Total 2023 95.869 66,790 162,659 Page 19 THE DIXKLANDS SEThLEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Incorne from donations and legacies {continuedl Ufj￿str￿ted Reslrioted funds ftsnds 2022 2022 Total fvnds 2022 Grants Soulhwark Council Newham Counul Tower Hamlets Counc CommLJnity Southwark Household Support Charterhou5e Southwark United Sl Saviwrs Neighbourly Amold Clarke Austin Hope Carpenters Co Tnjsl East EThJ Community Foundali Canary Wharf 8.200 14.200 12.000 12,000 18,000 9,466 2,280 1, 7(Kl 400 72.CiXI 12.(XX) 18,C 9,466 2.280 1. 700 4( 1,000 20,000 13, 750 4,000 20,OCt) 10.7 4,C￿0 Subtotal detsiled dixlosure 88,216 21,580 109, 796 Donations Grants 6,692 6,692 6,800 Tot812022 94,908 28,380 f23,288 Income from other trading activilies Income from fundraising events Unrestricted funds 2023 Total funds 2023 Fundraising events 32.293 32,293 P8ge 20 THE DOCKLANDS sE￿LEmENTs NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from other trading activities IcoTrtinuedl Income from lundraising events (continued) UnrestrKled runds 2022 Total funds 2022 Fundraising events 6,226 6,226 Income from non charitable trading activities Unrestricted funds 2023 Total funds 2023 Classes income Community ac*vities & lelti Sundry income Playscheffle income 1,OSO 349,484 11,588 213,902 1.060 349,484 11,586 213.902 576,032 576,032 Un￿stricteLl funds 2022 To181 funds 2022 Classes inccffle Community a(aivilies & letting Sundry income Play3cheme income 2, 760 274,6 145,581 147,999 2, 760 274, 6x1 145,581 147,999 570.990 570,990 Induded within Sundry income in the current year are amounts totaling £Nil f2022- £145,498) relating lo lurfough grants receivable. Page 21 THE DOCKLANDS SEThLEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Inveslm•nt income Unrestricted funds 2023 Total funds 2023 Deposit account inlwest Investment income 59 68,497 59 68.497 68.556 68.5S6 UnTrslricteLI funds 2022 Total fvnds 2022 Deposit aceount interest Investment income 10 10 44, 104 44. 104 44.114 44,114 Expenditure on raising funds Costs of raising voluntary income Unrestrtcled funds 2023 Total funds 2023 Costs of fundraising acfv.knes 14,201 14,201 Page 22 THE DOCKLANDS SErrLEMENTS NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Expendrture on raising funds (continued) Costs of raising volunlary income Icontinuedl UnrestiKled funds 2022 Tot81 fvnds 2022 Costs of fundraising &tivities 1,577 1,577 Net In¢omel{expenditure Nel incomel{expendituiel is slated after chargmry. 2023 2022 Auditor's remuneratton 5.000 34.44$ 5,718 18.000 DepreciatI￿- owne(l assets Analysis of expenditure on ¢harilable activities Summary by fund type Unrestricted Restricted funds funds 2023 2023 Total 2023 Running communty centre 880,660 60,900 941.560 Page 23 THE DOCKLANDS SEfTLEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expendtture on charitable activities (continued) Summary by fund type Icontlnued) UnrestrKted Restricted rund funds 2022 2022 Tot81 2022 Running community centre 747.780 34.439 782,219 10. Anatysis of expenditure by activities Activities undertakén directly 2023 Support costs 2023 Total fund5 2023 Running ￿mmunty centre 932,463 9.097 941,560 Actwrfies undert8ken d1￿cl1Y 2022 Total funds 2022 Support costs 2022 Running Community centre 775. 702 6.517 782,219 Slaff costs 2023 2022 Wages and salaries Soual securty costs Contribution lo defined cC￿tri￿￿)hon pension schemes 615,054 43,722 10,545 534,926 37.003 10,035 669.321 581,964 Page 24 THE DOCKLANDS sE￿LEmENTs NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. staff costs (¢ontinuedl The average nLThber of persons employed by the Charity during the year was as follows.. 2023 No. 2022 No. F￿l-time equivalents 26 26 No employee received r￿unerab.0n amounb.ng to ThKJre than £60.OC(l in eittEr year. 12. Trustees. remuneration and expenses During the year. r￿ Trustees reeeived any remuneration or other benefits (2022- £NIL). During the year ended 31 March 2023, no Trustee expenses have been incurred (2022- £NIL). The Charsty considers its key management personnel to comprise of the Trustees. Chief Executive Officer, Operations Director and each of the three Centre Managers. Total key personnel remuneration during the year was £177,C61 gross pay (2022- £190,376) and £19.033 employerfs National Insurance f2022- £20. 169). Page 25 THE DOCKLANDS SErrLEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Tangible fixed assets Long4emi leasehold property Freehold property Motor vehicles Flxlurès and fittings Total Cost or valuation At 1 April 2022 Additsons 720.867 23.000 200.ODD 111.$84 38,288 234.872 1,267.323 61.288 At 31 March 2023 743.867 200.000 149,872 234.872 1.328,611 Depreciation At 1 April 2022 Charge for the year 377.127 14.OlXI 84,091 16,443 230.628 4.000 691,846 34.443 Al 31 Marth 2023 391.127 100.534 234,628 726.289 Net book value At 31 March 2023 3S2.740 200,000 49.338 244 602.322 At 31 March 2022 343. 740 27,493 4.244 575,477 Page 26 THE OOCKLANDS SErrLEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Fixed asset Investments Ltsted Unlisted Investments Investments Total Cost or valuatlon Al 1 April 2022 Additions Disposals Revaluations 2.492,404 445,71 1563,943) {185.3021 2,492,434 445,718 1563,9431 1185,3021 At 31 March 2023 2.188.877 30 2,188.907 Net book value At 31 March 2023 2.188.877 30 2,188,907 At 31 Matvh 2022 2.492,404 2,492.434 Fixed asset investments cffisist of 6.820 £1 Ordinary Shares in Helpcard Holdings Ltd which h8ve been written down lo £Nil from the hisloric81 cost of £10.5(￿ and £30 Govemmenl Securrties shown al cost 15. Debtors 2023 2022 Due viithin one year Trade debtors Other debtors 64 14,448 20,571 20,615 14,512 Page 27 THE DOCKLANDS SETTLEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 16. Creditors.. Amounts falling due within one year 2023 2022 Trade creditor5 Other taxai'on and social wurity Other creditors Accruals and deferred ineome 23,467 11,078 4.393 24.964 13,377 10,245 3,379 55.004 63,902 82,005 2023 2022 Deferred income al 1 April 2022 Resources deferred during the year Amounts released prevtous periods 55,805 27,664 155.8051 14,327 55,805 114,327) 27,664 55,805 Page 28 THE DOCKLANDS SETTLEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2023 17. Statement of funds Statement of funds - current year Balance at 1 Apr•1 2022 Transfers inlout Gainsl (Losses) Balance at 31 March 2023 Income Expendilure Unrestricted funds Designated funds Future Capital Investment Fund Arches Project Fund Minibuse5 for Playcare Fund Building Fund Cost of LiviThJ Contingency Fund Fixed Asset Fund 1,890.000 (308.$78) 1,S81,422 150.000 150,000 52,500 200.000 116.4451 13.283 49,338 200,000 30,000 {30,0001 348.784 23.000 {18.000) (8001 352.984 Community Vehicle FuThJ 2.671.284 23,000 134.445} (326,0951 2.333.744 General funds Geneial Fund 58,961 749.750 {860.416) 326.095 1185,302} 89.088 Totsl Unrestricted funds 2.730,245 772,750 1894861} 1185,3021 2,422,832 Endowment funds Stanley Spooner Will Trust Fund 300.000 300.000 Page 29 THE DOCKLANDS sEfrLEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 17. Statement ol lunds lcontinuedl Balance at 1 Aprll 2022 Transfers inlout Galnsl (Losses) Balance at 31 March 2023 Income Expenditu Restricted funds stsrtford Building Improvement Fund Arches Redevelopment Fund Empoweri CommL¥Nties Zumba Charteihouse Gym tots Access Sport Albion St Chaiity Southwark Council Neighbourhood Canary Whart Walking Sports Cleaner Greener Safer Newham Council Foorjbank Positives Futures Fund East End Community Foundation United St Saviours Lyle'5 Local Fund - Line Danong 41.604 41,604 810 l280 1520 1000 18101 11.2401 12,5201 11.6201 7.980 9,020 1.000 1.380 1,000 2.11JO 1.31)0 7,760 2,100 11,300) 17.760) 17.4501 30.000 130.0001 13.2001 3.000 (3,000) iooo {2,000) 49,214 66.790 160.9001 55,104 Total of funds 3.079,459 839,540 {955,7611 1185.3021 2,777,936 Page 30 THE DOCKLANDS s￿rTLEmENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 17. Statement of funds {continued) Statement of funds- prior year 8al&nce al 31 March 2022 Balance al l Apnl 2021 Trdnsfers I￿￿t Gain (Losses) Incon Expenthiure Unrestricted funds Designated funds Future Capital Investment Fund 1,890,CtIO 1,890,000 Arches Proiecl Fund Minibuses for Playcare Fund Building Fund Cost of Living Conb"ngen¢y Fund Fixed Asset Fund Community Vehicle Fund IXI.O(kl 150,000 37.5LXI 15,LXN) 52,500 200,000 I￿.0( (70.OCQ) .30,000 235.657 (14.OLXIJ 127. 127 348. 784 {5.oL￿) 2.618, 1ST (14,000) 67,127 2.671,284 General funds General Fund 46.362 716.238 f135.35T) (28,282) 58,961 Total Unrestrlcted funds 2.664.519 716.238 (749.357J 127. 127 (28,282J 2, 730,245 Endowment funds Stanley Spooner Will Trust Fund 3￿,0(￿] 3(K),Ck)O Page 31 THE DOCKLANDS SEMEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 17. ststement offunds (continued) Balan￿ at 31 March 2022 Balance al l Apnl 2021 Incon Transfe Vout Gain (Losses) Expenditu Rgstricled funds Startford Building Improvement Fund 131. 127 (4.000) (127, 127) Arches Redevelopment Fund 41,604 41.604 Art For All Charterhouse Gym tols Access Sport The Hedley Foundth'on Soulhwark Council Neighbourhood Canary Wharf Amold Clark EmFJ)wenng Communities ZLwnba (883) (2.280) 2,280 2,520 2.520 (1. 150) 18.600) {5,376J (1.OOOJ 1.376 (1.690) 810 tlockland5 Old Boys Project Austin Hope East End Community Foundation United St Saviours Lyle's Local Fund- Line Dancing (3,000) (1,000) (3,OOOJ 1.TC (1.700J 760 (760) 182,4LXI 28,380 (34,439J (127. 127J 49,214 Totsl of funds 3, 146.919 744.618 (783. T96) (28,282J 3,079,459 Page 32 ThE tK)CKLANDS sE￿LEMENTs NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 17. Statement of funds (continued) Fixed Asset Fund represents t￿ net LKx)k value of all unresth.cted fixed assets held by the Charity. In the current year. the Trustees have delemjined this shcrtjld be classiffied as a designated fund. The Building Fund represents the value of Ihe lease premium paid on the building. In the current year, the Trustees have deterniined this sfvwld be classified as a designated fund. Future Capital Investment Fund is set aside for investment in at least one new centre usirp the establishmenl of the Rothethithe development a5 a bluewnl. In the current year, the Trustee5 have determined this should be classified as a designated fund. Arches Redevelopment Fund is for Ihe purpose of redeveloping the Arches $rte. including moni8$ provided for a feasits'lity study. This indvdes a general and restricted elemenL Minibuses for Playcare Fund represents fuTrJs set aside for the purchase of new minibuses to help ￿ the operation of the playcare cenlres. The Cost of Living Contingency Fund IfcYmeAy krthw as the Covid Contingency FuTrdl represented funds that have been set aside for wages. the fcxmj bank or emergencies as a result of any Covid restrith'ons £30,O)O of Ihis fund have been transferred to general fvnds during the year. The Stanley Spooner Will Trust FuThJ 15 an endowment fund in that the Charity has the use of £300,000 tr) be invested wthout risk of capital diminuts.on and th￿ to use the denved income a5 unreslrided funds 18. Summary of funds Summary of funds - cuTrent year Balance at 1 April 2022 Trdnsfers Inlout Gainsl {Lossesl Balance at 31 March 2023 Income Expenditure Designated funds 2.671.284 68.961 23,000 749,750 134.44SI 1860,416) 1326.0951 326.095 2,333.744 89,088 Gerwal fvnds Endovnenl funds Reslricte(I funds 1185,3021 300.000 300.000 49.214 66.790 {60.9001 55.104 3.079.459 839.540 {955.7611 1185.302) 2,777.936 Page 33 THE DOCKLANDS SEfTLEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 18. Summary offunds lcontinuedl Summary offunds- prioryear 8alanGe 81 31 March 2022 Balance al l Apnl 2021 Incon Transfers in/out Gain (Losses) Expendrtu Designated funds General funds End0Y￿ent funds Restricted funds 2.618, 157 46,362 f14,OOOJ (735.357) 67, 127 2,671,284 58.961 716.238 (28,282J 300,000 182,4 28.380 (34,439) (12T. 12T) 49,214 3, 146,919 744.618 f183, 796) (28,282) 3,079,459 19. Related paity transa¢trons The Charity ern￿oyS one of the CEO'S children. during the year they received tolal remuneration of £27,012 (2022- £30.863J and employerfs national insurance of £2,803 (2922- £3,039). The empk)ymenl contract and $81ary r*es are p8rt of the nomal CLxJrse of the ChaIrt￿5 ¢)perations and have been cariied out on an ami's length ba&s. 20. Pension commitments The Charity operates a defined ¢￿tilbu1￿ pensi￿ sthwe. The assets of Ihe scheme are held separately from those of the Charity in an indeperKlently administered fund. The pension cost charge represents contributions paYa￿e by the Charty to the ftjnd and amounted to £10,545 f2022 - £10.035J. Contributions totalling £2.393 (2022 £2.052) N%ere payable at the balan￿ sheet date and included in credrtors. Page 34 THE DOCKLANDS SETTLEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 21. Analysis of net assets between funds Analys1$ of net assets bets¥een funds- eurfynt year un￿trICted Restrided Enltowment funds funds funds 2023 2023 2023 Totsl funds 2023 Tangible fixed assets Fixed asset investments Current assets Creditors t*Je thin or* ￿ar 602.322 1.888.907 {4.495) 163.902) 602.322 2.188.907 60,609 163.902) 300.000 55.104 Total 2.422.832 55,104 300.000 2,777,936 Analysis of net assets between funds- wior year UnreslrKted Restncled Endowmenl funds funcls funds 2022 2022 2022 Total funds 2022 Tangrble fixed asse15 Fixecl asset investments Current assets Creditors due within one year 575,477 2. 192,434 44.339 (82,005) 575,477 2,492,434 93,553 (82,005) 3CQ.000 49,214 Total 2. 730.245 49.214 300,000 3,079,459 Page 35 THE DOCKLANDS sErrLEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 22. Reconclllation of net movement in funds to net cash flow frorn operatlng act•vities 2023 2022 Net expenditure for the year las per Statement of FinancM4 Actiwtiesl 1301,S23) (67,460) Adjustments for: Oeprecialion charges Losses on investments Interest received Inte￿st paid IlncreasellDecrease in debtors IncreasellDecrease) in creditors 18.000 28,282 (58, 1131 81 18S,302 168,4951 16,1031 118.1031 2f,470 44.218 Net cash used in operating activities 1174.4781 (13,522? 23. Anatysis of cash and cash equivalents 2023 2022 Cash in hand 29,994 79,041 24. Analysis of change$ in net debt At 1 April 2022 At 31 March 2023 Ca$h fflov15 Cash al bank aNJ in han 79.041 149,0471 29.994 79,041 149.0471 29.994 Page 36