2024-03-31-accounts

Charity number: 202349

THE DOCKLAND SETTLEMENTS

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

THE DOCKLAND SETTLEMENTS

CONTENTS

	Page
Reference and administrative details of the Charity, its Trustees and advisers	1
Trustees' report	2 - 8
Independent auditors' report on the financial statements	9 - 12
Statement of financial activities	13
Balance sheet	14
Statement of cash flows	15
Notes to the financial statements	16 - 35

THE DOCKLAND SETTLEMENTS

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees	Montague Meyer (Chair)
	Alan Stead FCA (Trustee)
	Shalini Sharma (Trustee)
	Phillip Elson (Trustee)
	Curt Fahndrich (Trustee)
	Martin Young (Trustee)
	Tracy Anne Cunningham (Trustee)
	Mark Horn (Trustee)
	Grace Willimott (Trustee)
Charity registered number 202349 Principal office 98 Gibbins Road London E15 2HU Independent auditors Barnes Roffe LLP Chartered Accountants Statutory Auditor Leytonstone House Leytonstone London E11 1GA

Page 1

THE DOCKLAND SETTLEMENTS

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees who are also the directors of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the Charity for the year ended 31 March 2023. The Trustees have adopted the provisions of Accounting and Reporting of Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Objectives and activities

a. Policies and objectives

• a) To establish and/or administer and carry on community centres in London and / or elsewhere in the UK. b) To provide facilities for recreation and for all or any types or type of physical, mental, moral, educational and cultural training for and to improve the lives of the inhabitants or of the neighbourhoods of our community centres without distinction of sex or race or of political, religious or other options.

• c) In connection with (b) to do all or any of the following: continue, initiate, develop, promote, encourage, organise and coordinate:

• I. Social services of a charitable nature

• II. Educational classes and lectures and other forms of educational activity and training

• III. Cultural and recreational education and training

• IV. Study and practice of citizenship irrespective of any political party

• V. Religious thought and manner of living

Public benefit

The Trustees have considered the Charity Commission guidance on public benefit, and consider that the activities of the Charity meet its charitable objectives and provide a benefit to the public.

Achievements and performance

a. Charitable activities

We have seen an increase in user groups returning after the pandemic with more going back into the office, although we are still not at full capacity, but we are all working on sweating each centre.

The Food Bank continues after the Pandemic as the cost-of-living crisis has forced many residents to use this resource to supplement their outgoings.

The food bank has seen over 1000 residents using it on a weekly basis, which has an increase since last year with many more coming from low income families rather than the homeless, although we have seen a large increase in the rough sleepers using our facility. We have since opened a warm haven adjacent to the food bank, opening at the same time allowing people to go from the food bank into the warm haven where they can get tea, coffee, pastries and also hot food, we also have a double decker bus arrive with information on benefits, housing and a alcohol and drug advisory team.

We managed to secure a grant to employ a food bank manager who oversees the vast number of volunteers who support this project, with many volunteers coming from local corporate organisations such as Westfield, Barclays and many more. Our partnerships with M & S, Fareshare, City Harvest and now Billingsgate Market are vital in the supply of fresh and nutritious food. Our Food Bank was nominated for the Charity of the Year in the London Borough of Newham Awards.

The Golf Day has been arranged for June this year and we are hoping to raise much need unrestricted funds for the charity.

It was decided not to organize the Dragon Boat race this year and put it on the agenda for next.

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THE DOCKLAND SETTLEMENTS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance (continued)

b. Rotherhithe

Rotherhithe continues to maintain a high level of attendance of user groups, the pitch has now been completely repaired and looks great, with new groups attending.

Junior Football groups continue to flourish, and the main trainer now rents an office in the main building and gives a great presence to parents.

User groups continue to use the facilities such as football for Dementia sufferer’s along with a group various other mature classes dedicated to increasing life expectancy.

A large gardening project is underway in the area connected to the main building, residents have shown a great interest in getting involved along with various disabled and special needs group.

We have almost reached the target of building the new cabin which will allow more users in the building, this will enhance the original building and increase the number of users seeing outside of hours increasing.

Work with staff members to identify needs from the local community as to how this is best used.

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THE DOCKLAND SETTLEMENTS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance (continued)

c. Stratford

As above Stratford Centre is primarily a sporting venue and so it took a hard blow with long period of closure, along with a very popular childcare provision, with most parents forced to work from home, the need to provide childcare places which was so very imperative, has become less demanding and staff have made various efforts to increase numbers bringing them up to the level prior to the pandemic.

Although the sportshall users have increased, the level of children attending the childcare provision has not increased dramatically, it is now out intention to ‘ferry’ the children from Stratford to Parkview on the Isle of Dogs in our minibuses during all school holidays, this becomes cost effective and the children get to be part of an outdoor play provision and go out every day.

The numbers have increased in the sports hall with the users being basketball players, this has been very valuable to the state of income and through word of mouth has replaced most of the football teams currently working from home.

The Centre also houses a resident training organisaton, this has had a major impact on the income, and it is an all-year-round income stream.

The food bank plays a major role at the Carpenters and Dockland Centre and whilst we await the outcome of the planning application, it was suggested that we scale down the overall size of the new food bank and one which can be erected quite quickly.

Mace Construction decided to install a porta cabin for the food bank and this was done quite quickly, although it is not ideal it has to serve the purpose until we move to the new centre.

The Carpenters and Dockland Centre will continue to provide a variety of sporting, social, recreational and educational activities to a variety of local people with a focus on the most vulnerable and disadvantaged including lonely elderly people, adults with disabilities, BAME groups, refugees and disadvantaged or at-risk young people and children.

Negotiations and talks continue around the new Carpenters and Dockland Centre with the CEO and the Operations Director meeting with the developers to secure the best possible outcome for the charity. Both members of staff have been consulted throughout regarding the fit out of the new Centre and how it supports local people.

Negotiations continue with LBTH and the Charity to gain the best possible outcome for all concerned.

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THE DOCKLAND SETTLEMENTS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance (continued)

d. Isle of Dogs

Calders Wharf continues to welcome new groups to the Centre and continues to attract more children to the childcare provision, this is so popular that now we have needed to increase the minibus fleet to allow us to continue to provide an outdoor play provision for all the children attending.

Other groups include Pilates, yoga, baby sensory and a very well attended and established play care provision.

Calders Wharf continues to struggle to encourage daytime usage, although the popular Chinese and Vietnamese group continue to use the facilities twice per week.

Parkview Play is the only outdoor play provision in Tower Hamlets and prides itself on delivering a wide range of outdoor activities for children from 4yrs – 11yrs 50 weeks of the year.

Numbers increase every school year and numbers can be as much as 68-70 children attending a day, a lot of meetings and site visits make up the programme and the increase in fees has seen the play care provision making a sizeable profit.

It Is the intention of Park View play to introduce ‘BANK STREET’ which is a new initiative to the play provision, this is where staff in minibuses will pick up children of working parents from the high-profile Canary Wharf site and provide them with an outdoor programme before returning them to their parents at the end of their working day.

This initiative is the only one in Tower Hamlets and if successful can be rolled in our other centres in other Boroughs. We have been informed that other afterschool clubs on the Isle of Dogs are going to close, which means that we will have the opportunity of increasing our numbers even more and picking up from the seven schools on the Isle of Dogs.

e. Conclusion

The Charity continues to seek other buildings and venues in other London Boroughs to roll out their work with the local community and are actively.

The charity also prides itself on the retention and continuity of staff members who have shown commitment and loyalty to the Charity throughout various struggles.

The Trustees believe that the staff team enables the Charity to evolve with new and exciting projects and will meet any demands that are faced in the coming years.

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THE DOCKLAND SETTLEMENTS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

a. Financial review

The Charity's income is derived from 3 regular principal sources and as indicated in the Trustees Report they are:

• the renting of parts of the buildings for office use and the hiring of larger space to user groups for sporting, hobby crafts and similar organised activities;

• childcare provision pre and after school services; an

• fund raising social events.

Additionally, there are valued donations with special support provided by the Carpenters Livery Company and investment income.

The total income for the year to 31 March 2024 was £798,409 (2023 - £839,540) , which is less (2023 - less) than the Charity's expenditure of £1,059,877 (2023 - £941,560) in managing and running the 3 locations at Stratford, Isle of Dogs and Rotherhithe and fundraising costs of £16,337 (2023 - £14,201).

The position this year is increased by an increase in the value of the Charity's low risk investments of £99,759 (2023 - £185,302 decrease) and a realised gain of £45,949 ( 2023 - £Nil) .

There is therefore a final deficit of £132,097 (2023 - £301,523 ).

The Trustees have considered forecasts in the light of the cost of living crisis and economic uncertainty with the country, taking into account that a number of the Charity's activities have been reduced. The risk to the Charity's financial position is monitored throughout the year and the Trustees are satisfied that there are no material uncertainties in the Charity's status as a going concern.

b. Reserves policy

The Trustees have set themselves a target of having six months running cost of unrestricted reserves not invested in fixed assets available. This prudent provision has not been achieved this year but the Trustees hope to achieve this goal over the next few years by increasing income and, if necessary, transferring funds from Designated Funds to General Funds within total unrestricted funds.

c. Designated funds

During the year, the Trustees have continued to utilise 7 designated funds from the prior year. The Trustees feel that this classification best reflects the intended use of these funds to invest and support specific projects and activities undertaken by the Charity. These funds are not intended to be used in the day-to-day funding of the Charity.

For more information, please see Note 17 to the financial statements.

d. Future plans

Plans for the upcoming financial year include:

• Fundraising to support the Community Development Worker for another year;

• Dockland Settlement Reunion on the Isle of Dogs;

• Fundraising for The Cabin at Rotherhithe;

• Fundraising for grants to support grass roots projects.

Page 6

THE DOCKLAND SETTLEMENTS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management

a. 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.

b. Recruitment and appointment of new trustees

Trustee role descriptions are prepared reflecting the current needs for the board.

Advertising is made in a judicious and focused manner, encouraging diversity within the Board and appointments based on merit.

A declaration of eligibility supports any appointment to the Board.

c. Key management remuneration

The Trustees carry out an annual pay review to ensure that the Charity's pay levels are fair, competitive and an effective use of charitable funds.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgments and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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THE DOCKLAND SETTLEMENTS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

• so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and

• that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.

Auditors

The auditors, Barnes Roffe LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on 18 December 2024 and signed on their behalf by:

M Horn

(Trustee)

Page 8

THE DOCKLAND SETTLEMENTS

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE DOCKLAND SETTLEMENTS

Opinion

We have audited the financial statements of The Dockland Settlements (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

In our opinion the financial statements:

• give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

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THE DOCKLAND SETTLEMENTS

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE DOCKLAND SETTLEMENTS (CONTINUED)

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditors' report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

• the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or

• sufficient accounting records have not been kept; or

• the financial statements are not in agreement with the accounting records and returns; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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THE DOCKLAND SETTLEMENTS

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE DOCKLAND SETTLEMENTS (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities we considered the following:

• the nature of the industry, sector and control environment including the procedures for revenue recognition;

• results of our enquiries of management about their own identification and assessment of the risks of irregularities;

• any matters we identified having made enquiries of management about their policies and procedures relating to:

• identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

• detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

• the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and

• the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

All relevant laws and regulations identified and areas susceptible to fraud that could have a material effect on the financial statements were communicated. Any instances of non-compliance of non-compliance with laws and regulations identified were considered in our audit approach. The most significant laws and regulations were determined as follows:

• UK GAAP FRS 102 and Companies Act; and

• Charities Act 2011.

Additional audit procedures performed by the audit engagement team included:

• Review of the financial statement disclosures and testing to supporting documentation

• Completion of disclosure checklist to identify areas of non-compliance.

The areas that we identified as being susceptible to material mistatement due to fraud were:

• Revenue recognition (including grant income);

• Management override.

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THE DOCKLAND SETTLEMENTS

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE DOCKLAND SETTLEMENTS (CONTINUED)

Audit procedures in response to the identified areas above:

• agreeing the financial statements disclosures to underlying supporting documentation;;

• enquiring of management about actual and potential litigation and claims;

• performing analytical procedures and substantive testing to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

• in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments;

• assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and

• evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors' report.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.

Barnes Roffe LLP

Chartered Accountants Statutory Auditor Leytonstone House Leytonstone London E11 1GA 18 December 2024

Barnes Roffe LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

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THE DOCKLAND SETTLEMENTS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Note Income and endowments from: Donations and legacies 4 Other trading activities 5 Investments 6 Total income and endowments Expenditure on: Raising funds 7 Charitable activities 9 Total expenditure Net expenditure before net gains/(losses) on investments Net gains/(losses) on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2024 £ 25,295 593,064 25,420 643,779 16,337 895,557 911,894 (268,115) 145,708 (122,407) 2,422,832 (122,407) 2,300,425	Restricted funds 2024 £ 154,630 - - 154,630 - 164,320 164,320 (9,690) - (9,690) 55,104 (9,690) 45,414	Endowment funds 2024 £ - - - - - - - - - - 300,000 - 300,000	Total funds 2024 £ 179,925 593,064 25,420 798,409 16,337 1,059,877 1,076,214 (277,805) 145,708 (132,097) 2,777,936 (132,097) 2,645,839	Total funds 2023 £ 162,659 608,325 68,556 839,540 14,201 941,560 955,761 (116,221) (185,302) (301,523) 3,079,459 (301,523) 2,777,936

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 16 to 35 form part of these financial statements.

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THE DOCKLAND SETTLEMENTS

BALANCE SHEET AS AT 31 MARCH 2024

			2024			2023
	Note		£			£
Fixed assets
Tangible assets	13		552,516			602,322
Investments	14		2,057,388			2,188,907
			2,609,904			2,791,229
Current assets
Debtors	15	19,542			20,615
Cash at bank and in hand		60,265			29,994
		79,807			50,609
Creditors: amounts falling due within one
year	16	(43,872)			(63,902)
Net current assets / liabilites			35,935			(13,293)
Total net assets			2,645,839			2,777,936
Charity funds
Endowment funds	17		300,000			300,000
Restricted funds	17		45,414			55,104
Unrestricted funds
Designated funds - New Venture Fund	17	1,371,455			1,581,422
Designated funds - other	17	702,516			752,322
General funds	17	226,454			89,088
Total unrestricted funds	17		2,300,425			2,422,832
Total funds			2,645,839			2,777,936

The financial statements were approved and authorised for issue by the Trustees on 18 December 2024 and signed on their behalf by:

Alan Stead

(Trustee)

The notes on pages 16 to 35 form part of these financial statements.

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THE DOCKLAND SETTLEMENTS

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Purchase of tangible fixed assets Movement in fixed asset investments Interest received Interest paid Net cash used in investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2024 £ (226,349) - 231,278 25,342 - 256,620 30,271 29,994 60,265	2023 £ (174,478) (61,290) 118,225 68,497 (1) 125,431 (49,047) 79,041 29,994

The notes on pages 16 to 35 form part of these financial statements

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THE DOCKLAND SETTLEMENTS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. General information

The Dockland Settlements ("the Charity") is a company, limited by members' guarantee, incorporated in England and Wales. The Charity's registered office is 98 Gibbins Road, London, E15 2HU.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Dockland Settlements meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 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 of income receivable can be measured reliably.

Income from community activities is include in income when invoiced and from grants receivable when any conditions relating to the grants have been satisfied.

2.3 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 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.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

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THE DOCKLAND SETTLEMENTS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Taxation

The Charity is exempt from corporation tax on its charitable activities.

2.6 Tangible fixed assets and depreciation

Fixed assets are stated at cost less depreciation. Assets below £2,000 are written off in the year of purchase. Depreciation is provided on fixed assets at rates which will write off the cost of the asset over their useful economic lives.

Depreciation is provided on the following bases:

Leasehold property	- over the term of the lease
Long-term leasehold property	- not provided
Motor vehicles	- 25% on cost
Fixtures and fittings	- at variable rates on reducing balance

The carrying values are reviewed at the year end for impairment if circumstances indicate that the full carrying value may not be recoverable.

No depreciation charge is made in respect of long-term leasehold property as this relates to land only.

2.7 Investments

Fixed asset investments comprise an investment portfolio which is managed by an outside provider. This is included in the balance sheet at current market value as at the balance sheet date, income is taken into the Statement of Financial Activities when accrued in the fund. Any unrealised gains or losses on listed investments are included in the Statement of Financial Activities for the year.

Other investments held as fixed assets are shown at cost less provision for impairment.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at 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 investment fund.

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THE DOCKLAND SETTLEMENTS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.10 Creditors

Creditors are recognised where the Charity has a present obligation resulting from a past even that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

2.11 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of the current asset investment which is measured at market value.

2.12 Pensions

The Charity operates a defined contribution pension scheme. Contributions payable to the Charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.13 Fund accounting

General funds are unrestricted funds which can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which can only be used for particular restricted purposes within the objectives 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 purposes of each fund is included in the notes to the financial statements.

2.14 Donated services and facilities

Donated services and facilities are included in the Statement of Financial Activities as income and expenditure. The amounts are valued at the cost that the Charity would have had to incur.

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3. Critical accounting estimates and areas of judgment

In preparing financial statements it is necessary to make certain judgements, estimations and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the Trustees to have the most significant effect on amounts recognised in the financial statements.

Critical accounting estimates and assumptions:

Useful life of tangible fixed assets:

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

4. Income from donations and legacies

Grants Perinatal Mental Health Grocers Groundwork Rotherhithe Consolidated Charities Newham Council UK Health and Wellbeing fund East End Community Foundation Southwark Council Carpenters Co Trust British Land Company Warm Haven Albion Street Community Charity Subtotal detailed disclosure Donations Total 2024	Unrestricted funds 2024 £ - - - - - - - - 15,000 - - - 15,000 10,295 25,295	Restricted funds 2024 £ 5,000 3,000 1,125 4,530 20,000 10,000 10,000 52,674 - 16,000 4,400 1,000 127,729 26,901 154,630	Total funds 2024 £ 5,000 3,000 1,125 4,530 20,000 10,000 10,000 52,674 15,000 16,000 4,400 1,000
			142,729
			37,196
			179,925

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4. Income from donations and legacies (continued)

Grants Carpenters Co Trust East End Community Foundation Canary Wharf Southwark Council Newham Council Clarion Housing Group Warm Haven Albion Street Community Active Sport United St Saviours Charterhouse Southwark Southwark Charities East End Community Subtotal detailed disclosure Donations Grants Total 2023 5. Income from other trading activities Income from fundraising events Fundraising events	Unrestricted funds 2023 £ 15,000 9,000 - - - 5,000 500 - - - - - 2,700 32,200 48,669 15,000 95,869	Restricted funds 2023 £ - 3,000 1,300 18,810 30,000 - - 1,000 1,000 2,000 7,980 1,700 - 66,790 - - 66,790 Unrestricted funds 2024 £ 31,333	Total funds 2023 £ 15,000 12,000 1,300 18,810 30,000 5,000 500 1,000 1,000 2,000 7,980 1,700 2,700
			98,990
			48,669 15,000
			162,659
			Total funds 2024 £ 31,333

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5. Income from other trading activities (continued)

Income from fundraising events (continued)

	Unrestricted	Total
	funds	funds
	2023	2023
	£	£
Fundraising events	32,293	32,293

Income from non charitable trading activities

Classes income Community activities & letting Sundry income Playscheme income Classes income Community activities & letting Sundry income Playscheme income	Unrestricted funds 2024 £ 229 362,267 1,440 197,795 561,731 Unrestricted funds 2023 £ 1,060 349,484 11,586 213,902 576,032	Total funds 2024 £ 229 362,267 1,440 197,795
		561,731
		Total funds 2023 £ 1,060 349,484 11,586 213,902
		576,032

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6. Investment income

Deposit account interest Investment income Deposit account interest Investment income	Unrestricted funds 2024 £ 78 25,342 25,420 Unrestricted funds 2023 £ 59 68,497 68,556	Total funds 2024 £ 78 25,342
		25,420
		Total funds 2023 3 59 68,497
		68,556

7. Expenditure on raising funds

Costs of raising voluntary income

	Unrestricted	Total
	funds	funds
	2024	2024
	£	£
Costs of fundraising activities	16,337	16,337

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7. Expenditure on raising funds (continued)

Costs of raising voluntary income (continued)

	Unrestricted	Total
	funds	funds
	2023	2023
	£	£
Costs of fundraising activities	14,201	14,201

8. Net income/(expenditure)

Net income/(expenditure) is stated after charging:

	2024	2023
	£	£
Auditor's remuneration	5,000	5,000
Depreciation - owned assets	30,445	34,445

9. Analysis of expenditure on charitable activities

Summary by fund type

	Unrestricted	Restricted
	funds	funds	Total
	2024	2024	2024
	£	£	£
Running community centre	895,557	164,320	1,059,877

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9. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

	Unrestricted	Restricted
	funds	funds	Total
	2023	2023	2023
	£	£	£
Running community centre	880,660	60,900	941,560

10. Analysis of expenditure by activities

Running community centre Running community centre Staff costs Wages and salaries Social security costs Contribution to defined contribution pension schemes	Activities undertaken directly 2024 £ 1,049,408 Activities undertaken directly 2023 £ 932,463	Support costs 2024 £ 10,469 Support costs 2023 £ 9,097 2024 £ 634,478 42,474 10,817 687,769	Total funds 2024 £ 1,059,877
			Total funds 2023 £ 941,560
			2023 £ 615,054 43,722 10,545
			669,321

11. Staff costs

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11. Staff costs (continued)

The average number of persons employed by the Charity during the year was as follows:

Full-time equivalents

----- Start of picture text -----
2024 2023
No. No.
26 26
----- End of picture text -----

No employee received remuneration amounting to more than £60,000 in either year.

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL) .

The Charity 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 £201,578 gross pay (2023 - £177,061) and £21,542 employer's National Insurance (2023 - £19,033) .

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. Tangible fixed assets

Cost or valuation At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023	Short-term leasehold property £ 743,867 743,867 391,127 33,361 424,488 319,379 352,740	Long-term leasehold property £ 200,000 200,000 - - - 200,000 200,000	Motor vehicles £ 149,872 149,872 100,534 16,445 116,979 32,893 49,338	Fixtures and fittings £ 234,872 234,872 234,628 - 234,628 244 244	Total £ 1,328,611
					1,328,611
					726,289 49,806
					776,095
					552,516
					602,322

During the year the Charity changed the method of depreciating it's short-term leasehold property from 2% straight line to depreciating over the term of the lease. This revised method more accurately reflects the useful lives of the assets.

The change in depreciation method is a change in the accounting estimate and is accounted for in the period of change in subsequent periods. The effect of the change in the current year has resulted in an increase to the depreciation charge of £19,361.

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14. Fixed asset investments

Cost or valuation At 1 April 2023 Additions Disposals Revaluations At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023	Listed investments £ 2,188,877 371,732 (603,010) 99,759 2,057,358 2,057,358 2,188,877	Unlisted investments £ 30 - - - 30 30 30	Total £ 2,188,907 371,732 (603,010) 99,759
			2,057,388
			2,057,388
			2,188,907

Fixed asset investments consist of 6,820 £1 Ordinary Shares in Helpcard Holdings Ltd which have been written down to £Nil from the historical cost of £10,506 and £30 Government Securities shown at cost.

15. Debtors

Due within one year Trade debtors Other debtors	2024 £ - 19,542 19,542	2023 £ 44 20,571 20,615

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16. Creditors: Amounts falling due within one year

Trade creditors Other taxation and social security Other creditors Accruals and deferred income Deferred income at 1 April 2023 Resources deferred during the year Amounts released from previous periods	2024 £ 17,484 10,616 3,894 11,878 43,872 2024 £ 27,664 5,158 (27,664) 5,158	2023 £ 23,467 11,078 4,393 24,964 63,902 2023 £ 55,805 27,664 (55,805) 27,664

All deferred income in 2024 was received before the year end but is not allowed to be spent before April 2024.

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17. Statement of funds

Statement of funds - current year

Unrestricted funds Designated funds Future Capital Investment Fund Arches Project Fund Minibuses for Playcare Fund Building Fund Fixed Asset Fund General funds General Fund Total Unrestricted funds Endowment funds Stanley Spooner Will Trust Fund	Balance at 1 April 2023 £ 1,581,422 150,000 49,338 200,000 352,984 2,333,744 89,088 2,422,832 300,000	Income £ - - - - - - 643,779 643,779 -	Expenditure £ (209,967) - (16,445) - (33,361) (259,773) (652,121) (911,894) -	Gains/ (Losses) £ Balance at 31 March 2024 £ - 1,371,455 - 150,000 - 32,893 - 200,000 - 319,623 - 2,073,971 145,708 226,454 145,708 2,300,425 - 300,000

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17. Statement of funds (continued)

Restricted funds Arches Redevelopment Fund UK Health and Wellbeing fund Charterhouse Groundwork Access Sport Albion St Charity Southwark Council Neighbourhood Rotherhithe Consolidated Charities British Land Company Warm Haven Newham Council Foodbank Perinatal Mental Health East End Community Foundation Southwark Council Olympic Legacy Grocers Island Sports Trust Total of funds	Balance at 1 April 2023 £ 41,604 - 9,020 - 1,380 1,000 2,100 - - - - - - - - - 55,104 2,777,936	Income £ - 10,000 - 1,125 - 1,000 8,669 5,034 16,000 4,400 28,312 5,000 10,000 44,090 3,000 18,000 154,630 798,409	Expenditure £ - (10,000) (9,020) (1,125) (1,380) (2,000) (6,959) (5,034) (16,000) (4,400) (28,312) (5,000) (10,000) (44,090) (3,000) (18,000) (164,320) (1,076,214)	Gains/ (Losses) £ Balance at 31 March 2024 £ - 41,604 - - - - - - - - - - - 3,810 - - - - - - - - - - - - - - - - - - - 45,414 145,708 2,645,839

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17. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds Designated funds Future Capital Investment Fund Arches Project Fund Minibuses for Playcare Fund Building Fund Cost of Living Contingency Fund Fixed Asset Fund General funds General Fund Total Unrestricted funds Endowment funds Stanley Spooner Will Trust Fund	Balance at 1 April 2022 £ 1,890,000 150,000 52,500 200,000 30,000 348,784 2,671,284 58,961 2,730,245 300,000	Income £ - - - - - 23,000 23,000 749,750 772,750 -	Expenditure £ - - (16,445) - - (18,000) (34,445) (860,416) (894,861) -	Transfers in/out £ - - - - - - - 326,095 326,095 -	Gains/ (Losses) £ - - - - - - - (185,302) (185,302) -	Balance at 31 March 2023 £ 1,581,422 150,000 49,338 200,000 - 352,984
						2,333,744
						89,088
						2,422,832
						300,000

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17. Statement of funds (continued)

Restricted funds Arches Redevelopment Fund Empowering Communities Zumba Charterhouse Gym tots Access Sport Albion St Charity Southwark Council Neighbourhood Canary Wharf Walking Sports Cleaner Greener Safer Newham Council Foodbank Positives Futures Fund East End Community Foundation United St Saviours Total of funds	Balance at 1 April 2022 £ 41,604 810 2,280 2,520 2,000 - - - - - - - - - 49,214 3,079,459	Income £ - - 7,980 - 1,000 1,000 2,100 1,300 7,760 7,450 30,000 3,200 3,000 2,000 66,790 839,540	Expenditure £ - (810) (1,240) (2,520) (1,620) - - (1,300) (7,760) (7,450) (30,000) (3,200) (3,000) (2,000) (60,900) (955,761)	Transfers in/out £ - - - - - - - - - - - - - - - 326,095	Gains/ (Losses) £ - - - - - - - - - - - - - - - (185,302)	Balance at 31 March 2023 £ 41,604 - 9,020 - 1,380 1,000 2,100 - - - - - - -
						55,104
						2,777,936

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18. Summary of funds

Summary of funds - current year

Designated funds General funds Endowment funds Restricted funds	Designated funds General funds Endowment funds Restricted funds	Balance at 1 April 2023 £ 2,333,744 89,088 300,000 55,104 2,777,936 Income £ 23,000 749,750 - 66,790 839,540	Income £ - 643,779 - 154,630 798,409 Expenditure £ (34,445) (860,416) - (60,900) (955,761)	Expenditure £ (259,773) (652,121) - (164,320) (1,076,214) Transfers in/out £ - 326,095 - - 326,095	Gains/ (Losses) £ Balance at 31 March 2024 £ - 2,073,971 145,708 226,454 - 300,000 - 45,414 145,708 2,645,839 Gains/ (Losses) £ Balance at 31 March 2023 £ - 2,333,744 (185,302) 89,088 - 300,000 - 55,104 (185,302) 2,777,936
Summary of funds - prior year
Designated funds General funds Endowment funds Restricted funds	Balance at 1 April 2022 £ 2,671,284 58,961 300,000 49,214 3,079,459

19. Related party transactions

The Charity employs one of the CEO's children, during the year they received total remuneration of £32,414 (2023 - £27,012) and employer's national insurance of £3,218 (2023 - £2,803) . The employment contract and salary rates are part of the normal course of the Charity's operations and have been carried out on an arm's length basis.

20. Pension commitments

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £10,817 (2023 - £10,545) . Contributions totalling £2,445 (2023 - £2,393) were payable at the balance sheet date and included in creditors.

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21. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total	Unrestricted funds 2024 £ 552,516 1,757,388 34,393 (43,872) 2,300,425	Restricted funds 2024 £ - - 45,414 - 45,414	Endowment funds 2024 £ - 300,000 - - 300,000	Total funds 2024 £ 552,516 2,057,388 79,807 (43,872) 2,645,839

Analysis of net assets between funds - prior period

Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total	Unrestricted funds 2023 £ 602,322 1,888,907 (4,495) (63,902) 2,422,832	Restricted funds 2023 £ - - 55,104 - 55,104	Endowment funds 2023 £ - 300,000 - - 300,000	Total funds 2023 £ 602,322 2,188,907 50,609 (63,902) 2,777,936

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

22. Reconciliation of net movement in funds to net cash flow from operating activities

Net expenditure for the period (as per Statement of Financial Activities) Adjustments for: Depreciation charges Losses on investments Interest received Interest paid (Increase)/Decrease in debtors Increase/(Decrease) in creditors Net cash used in operating activities	2024 £ (132,097) 49,806 (99,759) (25,342) - 1,073 (20,030) (226,349)	2023 £ (301,523) 34,445 185,302 (68,495) (1) (6,103) (18,103) (174,478)

23. Analysis of cash and cash equivalents

Cash in hand 24. Analysis of changes in net debt At 1 April 2023 £ Cash at bank and in hand 29,994	2024 £ 60,265 Cash flows £ 30,271	2023 £ 29,994 At 31 March 2024 £ 60,265

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