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2022-03-31-accounts

Page
Report ofthe Trustees (Including the Executive Report) 1 to 10
Report ofthe Independent
Auditors		 11to 13
Statement of Financial Activities 14
Balance Sheet 15
Cash Flow Statement 16
Notes to the Cash Flow Statement 17
Notes to the Financial Statements 18to 27
Detailed Statement
of		 Financial Activities 28to 29

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CANDOCO DANCE COMPANY IREGISTERED MJMBER.. 02837146} atters on which w• are rèquired to r•port by ¢xc•ption In the Ivjhl of the knoMAedge and understsnding ol the chariteble company and Its environment obtained Sn the cnurse of the audit. we have not identified material rnisslatemenls in the directors, report included within the Irustees, r•port. We have nothing to report in ￿SpeCt of the following rnatlers in r￿a￿on io which the Compan￿$ Act 20(6 requires tjs to rewrt to you rf. in ouropinion.. adeouate accounting r8cords have not b8en kept, or r8turns adequate for our audit have b89n rEceivEd from branch85 not visited by us,. or the finan¢ial statements are not in a9￿ment wth the aclounting records and ￿t￿m$.. or rtain disclosures of trustees, remunerab.on specified by law are not made: or we have not received all th8 lnforrna￿.0n and explan8tlOn5 we reqvir8 lor our au¢Ji(' or Ihe trustees were not en¢iYed to Prepa￿ the financial 51atements in accordance with the $rnall c¥Jmpanies wime and take advantage of the small ¢omp8nig$' exemptions in preparing the twee3' report and from the reouiremenl to prepare a slralegic ￿pOrt. RespOn￿bIlItIeS of trustees As gxplained rnore fully in the trustees, ￿pOnsIbIli￿"e$ staternenl. the trustees (who a￿ aL%o the directors of the Charitab￿ company for the purposes of company lawl ar8 re5ponsib1a for prepardtK)n of the financial slatgrnen¢s and for being satisfied that they give a Irue and fair view, and for $uth intemal control as the trustees detemine 1$ necessary io enable the p￿paratIon of finanoal Stalem￿1$ that a￿ f￿e from material misststement. whether due to fraud or error. In prepafing th8 finan(ial 5taternenis, the trustee5 ar8 responsible for a5585sing th8 charitab18 cofflpany's ability to continue as 8 going (x)ncern, disclosing, as applicab18, matt8rs relaled lo going (x)rrfxm 8nd using th8 going Con￿rn basis of attounting unle$5 Ihe trustees eilher in1￿d to liquidate the ¢haril)le rompany or to cease operatons, or have no realistic altematwe but to do so. Audltor'5 r8sponslbllltl•s for the audlt of the fbnanclal statem8nt¥ Our objectives are to obtain reasonable assurance about whether the financial strI￿entS as a whole are free from rnat8ri81 misstaternenl, wh8ther due to fraud or error, and to i8su8 8n auditor's report that includes our opinion. Reasonable assurance is a hKJh level of assurance, bul 15 not a guarantee that an audit conducted in accordance with ISAS IUKI will always de16ei a material rnk%staietnent when it exists. MiSs￿t￿Ments ean arise Iroffl fraud or error and a considered material rf, individually or in the aggrega18, they could reasOn3￿Y be expected to influen¢e the economic ecision$ of users taken on the basi$ of these financial s¢atemen¢s. Irr￿u￿ritieS, including fraud, ar8 in5t3nc85 01 non-compliance with laws arKJ rEgulatK)ll5. W8 de5¥Jn proc8dure5 in line with our Tespon5ibilities, outlined above, to detect rn*erial rnisstaternents in respect of irregularities. induding fraud. The specif￿ procedures for this eroagement and the exlenl io which these are r2pable of delecling Irregularit￿$. induding fraud is detailed below.. Enquiry ol managÈmènt and thos8 thargéd with govèm8nce 8round and potential litvJation and claims 8$ well as actual, suspected and alleged fraud.. Reviewing minutes of meetrngs ol those charged with govemance., Assessino the extent ol wmpliance kwth the laws and regulations 0)nSider￿ to have a direct matarial 8ff•ct on the financial statements or the operation5 of the company throtyjh enquiry and inspection., Reviewing financ4al statement disclosures and testing to SUPfKJrting documental￿n to assess compliance wth applicable laws and regulations.. Performing audit work over the rrisk of managwnent tsas and override of eontrols. induding testiTVJ ol journal èntries and other adjustm8nls for 8ppropriaten8s5, evaluating the business ralion818 of 5ignrficanl Irdnsactions ouiside the nornial ￿urse of business and reviewing accounting estimates for iThYicators of potential bias. Because of the inherwt limitations ol an audit. ihare is a risk thai we will nol delect all irregukarities, including Ihoss leading to a material misstaternent in the finanaal slaternents or non-compliance Nwth regulation. This risk increases the more that compliance with a law or wulabon is removed from Ihe events and Iransarlions rellected in the financial statements. as we hMII be less likely to become awa￿ ol Instances of n0n-conw1ian￿. The nsk is also greater regarding lrregularits.es 0￿UMn9 due to Iraud rather than error, as fraud Invofves intentKJnal ccfficealment, I0￿ry. collusion, omission or misrepre5entalion. A lurthar description of our rèsponsibilrtiès is availat48 on Iha Financial R8Por￿ng Council's website at.. https'llww.frc.org.uklOur-WorklAudiVAudit-and-assuran¢elSlandards-and-guidancelStsndards-and<Juidance-lor-audito rslAudilors-resrx)nsibilrties-for-audiUDes¢ription<Jf-audilors-responsibililies-br-audil.aspx. This description forn)s part of our auditors report. Pa9e 12

2022 2021
Unrestricted Restricted Total funds Total funds
funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 565,175 100,000 665,175 695,401
Charitable
activities
Performances 68,523 68,523 16,424
Education 66,081 66,081 10,989
Investment
income		 18 18 173
Other income 83,160 83,160 107,824
Total 782,957 100,000 882,957 830,811
EXPENDITURE ON
Raising funds 72,736 72,736 70,905
Charitable
activities
Performances 504,634 28,179 532,813 459,751
Education 180,620 71,821 252,441 194,529
Total 757,990 100,000 857,990 725,185
NET INCOME/(EXPENDITURE) 24,967 24,967 105,626
Transfers
between		 funds 20
Net movement
in funds		 24,967 24,967 105,626
RECONCILIATION OF FUNDS
Total funds brought forward 358,747 358,747 253,121
TOTAL FUNDS CARRIED FORWARD 383714 ,
-		 383,714 358,747

2022 2021
Notes
FIXEDASSETS
Tangible assets 14 10,163 6,438
CURRENT ASSETS
Debtors 15 156,777 107,567
Investments 16 130,458 130,450
Cash
in hand		 270 509 214930
557,744 452,947
CREDITORS
Amounts
falling due within one year		 17 (184,193) (100,638)
NET CURRENT ASSETS 373551 352,309
TOTAL ASSETS LESSCURRENT LIABILITIES 383,714 358,747
NET ASSETS 383714 358 747
FUNDS 20
Unrestricted
funds		 383,714 358,747
Restricted funds
TOTAL FUNDS 383,714 350,747

2022 2021
Notes E
Cash flows from operating activities:
Cash generated
from operations		 62062 184,439
Net cash provided
by (used in) operating
activities 62 862 184,439
Cash flows from investing activities:
Purchase oftangible fixed assets (7,293) (915)
Interest received 18 173
Net cash provided
by (used in) investing
activities		 ~7,275) ~742)
Change
in cash and cash		 equivalents in the
reporting
period		 55,587 183,697
Cash and cash equivalents at the beginning of
the reporting
period		 345,380 161,683
Cash and cash equivalents at the end ofthe
reporting
period		 400067 345,380
Cash and cash equivalents consists of:
Cash at bank 270,509 214,930
Short term deposits 16 130,458 130,450
Cash and cash equivalents at the end ofthe
reporting
period		 400,967 345,380

RECONCILIATION OF NET INCOME/(EXPENDITURE) OF NET INCOME/(EXPENDITURE) OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2022 2021
E
Net income/(expenditure) for the reporting period (as per the statement
offinancial activities) 24,967 105,626
Adjustments
for:
Depreciation
charges		 3,568 2,426
Interest received (18) (173)
Decrease/(Increase) in debtors (49,210) 13,827
(Decrease)
in creditors		 83555 62 733
Net cash provided by (used in) operating activities 62862 184,439

DONATIONS AND LEGACIES
Unrestricted Restricted Total Total
Funds
f		 Fundsf 2022f 2021f
Core grants receivable 512,297 100,000 612,297 628,630
Donations
and gifts		 52,878 52,878 66,771
565,175 100,000 665,175 695,401
INCOME FROM CHARITABLE
Performance
fees
Education fees		 ACTIVITIES
Activity
Performances
Education		 2022
f
68,523
66,081
'134604		 2021
f
16,424
10,989
27413,
INVESTMENT INCOME
2022
f		 2021
Bank interest receivable 18 173
OTHER INCOME
2022
f		 2021
f
Job retention scheme 36,657 107,671
Other 46503 153
03 160 107,824

2022 2021
F
Staff costs 49,483 51,275
Direct costs 286
Support costs ~23253 19,344
72,736 70,905
CHARITABLE ACTIVITIES COSTS
Support
Direct costs costs Totals
(See note 9)
F
Performances 431,888 100,925 532,813
Education 195100 57 341 252 441
626988 158,266 785254,

SUPPORT COSTS
Governance
Other costs Totals
F
Raising funds 13,511 9,742 23,253
Performances 48,359 52,566 100,925
Education 34,005 ~23336 57,341
~95875 ~85 644 1~81519
Support costs , i ncluded in the above, are as follows:
2022 2021
K E
Rent and room hire 35,696 26,413
Sundries 8,104 10,677
Communication costs 23,718 5,592
Wages 61,156 58,577
Accountancy fees 2,077 457
Auditors'
remuneration		 5,500 4,000
Auditors'
remuneration		 for non-audit work 2,287 1,582
Insurance 5,559 4,450
Office move 11,012
Light and Heat 3,410
Telephone 426 140
Printing,
post		 and stationary 756 1,104
Other costs 7,766 6,847
Depreciation of tangible fixed assets 3,568 2,426
Professional fees 10,475
Training 11,837
Travel 1,642
Foreign exchange 952
181519 136,687

2022 2021
Salaries and wages 491,677 460,353
Social security costs 26,389 27,142
Other pension costs 24,180 26,771
542,246 514,266

Unrestricted Restricted Total
funds funds funds
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 544,806 150,595 695,401
Charitable
activities
Performances 16,424 16,424
Education 10,989 10,989
Investment
income		 173 173
Other income 107824 107024
Total 680,216 150,595 830,811
EXPENDITURE ON
Raising funds 70,905 70,905
Charitable
activities
Performances 397,420 62,331 459,751
Education 118,985 75 544 194,529
Total 587,310 137,875 725,185
Transfers
between		 funds 37,675 (37,675)
Net movement
in funds		 130,581 (24,955) 105,626
RECONCILIATION OF FUNDS
Total funds brought forward 228,166 24,955 253,121
TOTAL FUNDS CARRIED FORWARD 350 747 350747
14. TANGIBLE FIXEDASSETS
Plant and
machinery
K
COST
At 1 April 2021 53,843
Additions 7,293
Disposals
At 31 March 2022 61,136
DEPRECIATION
At 1 April 2021 47,405
Charge for year 3,568
Eliminated
on disposal
At 31 March 2022 50,973
NET BOOK VALUE
At 31 March 2022 10103
At 31 March 2021 6,438

15. DEBTO RS:AMO UNT S
FA		 LL ING DUE WITHIN ONE YEAR
2022 2021
E
Trade debtors 35,444 2,150
Other debtors 37,964 53,660
VAT 508 4,869
Prepayments
and		 accrued income 82,861 46,888
156,777 107,567
16. CURRENT ASSET INVESTMENTS
2022 2021
E
Other 130458 130,450
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
f
Trade creditors 18,640
Other tax and social security 8,007 7,355
Other creditors 685
Accruals and deferred income 156861 93,283
184183 100,638
Deferred income
2022 2021
Balance at 1 April 2021 23,350 5,000
Amount released to incoming resources (23,350)
Amount deferred in year 77,578 18,350
Balance at 31 March 2022 77,578 23,350

Land and Buildings
2022 2021f
Due within one year 32,000 32,000
Due between one and five years 74050 106050
106050 138,050
ANALY SIS OF NET ASS ETS BETWEE N FUNDS
2022 2021
Unrestricted Restricted Total funds Total funds
funds funds
K
Fixed assets 10,163 10,163 6,438
Current assets 557,744 557,744 452,947
Current liabilities ~184 193) )184193) )100.638)
383714 383714 358,747
MOVEMENT
IN		 FUNDS
Net Transfers
movement in between
At 1/4/21 funds funds At 31/3/22
Unrestricted
funds
General fund 150,000 24,967 (24,967) 150,000
Technical
Sign Language Interpreter Fund 50,000 50,000
Office Equipment
Creative Investment fund 158,747 24,967 183714
358,747 24,967 383,714
Restricted funds
Culture Recovery fund
TOTAL FUNDS 358,747 24 967 383,714

20. MOVEMENT IN FUNDS - continued FUNDS - continued FUNDS - continued FUNDS - continued
Comparatives for movement in funds Net Transfers
movement in between
At 1/4/20 funds funds At 31/3/21
E E
Unrestricted Funds
General
fund		 150,000 92,906 (92,906) 150,000
Technical 10,000 (10,000)
Sign Language Interpreter Fund 50,000 50,000
Office Equipment 5,000 (5,000)
Creative
Investment		 fund 63,166 95 501 158,747
228,166 92,906 37,675 358,747
Restricted funds
ACE Uplift 24,955 12,720 ~37,675)
24 955 12 720 ~37675)
TOTAL FUNDS 253,121 105 626 350747
Compara tive net movement
in funds,
included		 in the above are as follows:
Incoming Resources Movement
in
resources
f		 expended funds
Unrestricted funds
General fund 680,216 (587,310) 92,906
Restricted funds
ACE Uplift 50,595 (37,875) 12,720
Culture Recovery grant 10D DDD )100000)
150505 ~137075) 12720
TOTAL FUNDS 830011 ~725 185) 105626