REGISTERED COMPANY NUM8ER.. 05412315 (Wales) REGISTERED CHARITY NUIVIBER.. 1109455 ort ol the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for Dawns i Bawb an Limited b Guarantee Acom Emyr Mortimer Archwilwyr Cyf 32 Y Maes Caernarfon Gwynedd LL55 2NN
Dawns i Bawb Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Flnancial Activitles Balance Sheet 9 to 10 Notes to the Financial Statements 11 lo 20
Dawns i Bawb ort of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The charity's aim is to provide dance activity for the communities of North West Wales with a focus on health, well-being and community cohesion. Dawns i Bawb believes that everybody can dance and that dance can be a positive and empowering medium through which people can positively transform not only their own lives, but that of their communities. The company receives a revenue grant from The Arts Council of Wales (ACW), and the County Councils of Gwynedd and Ynys M6n. The company also relies on project grants for upcoming activities. Taster sessions are offered in different geographical areas, but significant income for the company is created from the sessions it offers lo schools and community groups. Activities to fulf il its aims Dawns i Bawb plan and develop their activity under 5 Strands of Community Dance, which are core to their Mission and drive their vision and ambitions.. Dance & Community Cohesion dance as a means to tackle social issues, give a voice to individuals and communities, community regeneration projects and to bring communities together. Dance in Education collaborating with schools to deliver dance as part of Expressive Arts of the Curriculum for Wales and dance as a means for school children lo improve heallh and wellbeing and develop confidence in creative and physical abilities. Dance for Health dance activity to improve the physical and emotional health and wellbeing of individuals including Care Home residents, people living with Dementia and Parkinsons, dance on prescription, physical fitness and combating social isolation. Dance and Welsh Language developing activity that allows participants to learnlexperiencelcelebrale the Welsh language through dance. strategic & Artistic Development - playing a role in developing future dance artists through Welsh & opporiunities for dance as a medium to develop life skills and artistic skills. Page 1
Dawns i Bawb Re ort of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Public benefit Dawns i Bawb is a public benefit entity and the trustees have had regard to the Charity Commission's guidance on public benefit. Dawns i Bawb is a registered charitable company whose charitable purpose is to: Provide an education and community programs that are culturally relevant to the communities of Conwy, Gwynedd and Ynys Mon. Offer supportive, creative environments in which people of different abilities, ages, and background can participate, enjoy dance, celebrate individual expression and come together lo create, share and explore. Raise the profile of dance as an art form and shows how it can be inspiring and encourage a sense of creative achievement as well as encouraging social interaction and improvement to health and wellbeing. Offer regular classes, develop specific projects, workshops, cross art forms activities and performances, opportunities for all age groups and abilities in a wide range of dance styles. Create opportunities for training, employment opportunities and professional development for local professional dance practitioners as well as professional work placements for those who face barriers in entering the workplace.; and Work in close partnership with local authorities and other public and voluntary services which contribute to the wider social agendas of inclusion, health, education, and lifelong learning. The main benefits of dance Improves your health.. Dancing for just 30 minutes three times a week strengthens the heart, builds muscle, lessens the risk of Osteoporosis, and helps to control weight and the blood pressure. Helps develop a personal sense of well-being and place in society by increasing self-esteem and confidence, overcoming shyness, relieving stress, creating opportunities to meet new people and make new friends. Helping to improve the quality of residents, lives. Dance is now considered not only as an art form, but as something that has support for all ages to keep fit and reduce stress. Helping to develop self-confidence and self-awareness. Dawns i Bawb has been working with people of all ages and abilities since it was established. Like other arts activities, dance encourages young people to use their spare time in a crealive, positive, and supportive environment which can supporl them in making a positive contribution to their communities and in this sense, has been known to help reduce levels of youth crime. Page 2
Dawns i Bawb Re ort of the Trustees for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Main activities MAIN ACHIEVEMENTS 1. The charity participated in the Arts Council of Wales Investment Review and was successful in their application to remain an ACW Portfolio Member for 2024-27 2. The charity received £18,000 from Gwynedd Council's Shared Prosperity Fund to develop Community Dance Activity throughout Gwynedd between October 2023 December 2024. 3. The charity used its own unrestricted funds to employ Iwo Dance Development Practitioners between April 2022 March 2023. This enabled the charity to create more income to invest back into the Company. During the year, Dawns i Bawb has held 678 sessions, with 11,204 participating. It created 1 performance of the Dawns i Bawb Winter Show 'Winter Senses, with 254 audiences and 206 participants of all ages and abilities taking part. The performance was the first live performance in a theatre since the Covid pandemic. This year, Ihe charity has applied to remain a member of the Arts Council Wales, Arts Portfolio. This will enable the charity to continue to receive core funding for another three years. The charity was successful in its application and received an increase in their grant to £97,500. WIDENING ENGAGEMENT The charity gave focus this year to developing new partnerships in order to reach individuals and community groups that had a low engagement with dance. Two particular partnerships that were formed included working with a local community hub to offer regular dance sessions to older people that were attending the hub as a 'warm space, plus working with a culturally integrated local primary school to develop a dance project where the children could learn Welsh through dance bul also use dance to celebrate the wide range of different cultures that were present at the school. RESIDENTIAL HOMES The sessions enable people living in residential homes lo take part in dance, movement and music, and the sessions have been specially developed so that they are not dependent on short-term memory or language skills, but instead focus on people's strengths, feelings and enduring abilities. The sessions provide a therapeutic benefit, a form of relief and a means of expression. Using simple creative movements, it allows people to express something about their identity. The charity used part of its own 'unrestricted funds, during 23124 to continue to employ two Dance Development Practitioners for another year. While the charity worked with many freelance dance practitioners and will continue to do so, it felt that investing into employing two practitioners will enable the charity to develop a strong creative team and be able lo support partnerships that might be important to develop as part of the charity's vision, but not be able to afford lo 'buy in, the charity's services. The charity aims to make these posts a permanent fixture in 24125. Page 3
Dawns i Bawb Re ort of the Trustees for the Year Ended 31 March 2024 ANNUAL COMMUNITY DANCE PRODUCTION The charity creales a new and original community dance production every year. The 23124 performance was the first one to be performed live in a theatre since before the Covid pandemic. Over 150 people of all ages and abilities took part in the performance which was called 'Winter Senses,. PARTNERSHIPS So as to enable its exciting and original activities for local people to be expanded further, Dawns i Bawb has developed several new partnerships during the year.. 'Making Movement Irresistible, a research partnership between Dawns i Bawb, Cardiff University and Cwm Taf Health Board. Porthi Dre - a community hub in Caernarfon Mencap Mon. Ysgol Hirael Together 4 Colwyn Bay - to create a community dance regeneration project for residents of Colwyn Bay DUETS project in partnership with Ballet Cymru. FINANCIAL REVIEW Financial position The results of the charity are shown in the Statement of Financial Activilies. The overall net incoming resources show a surplus of £21,453 (2023: deficit of £17,307). The unrestricled general fund ended the year with a surplus of £11,646 (2023: £18,303 surplus), The designated reserve fund is discussed in more detail under the 'reserves policy, heading. With regard restricted funds, two projects, the Moon Dance Foundation & ACW project ant the Dance Development project, came to an end, but a new 'Prosperily fund, was established as a result of the UK Government's Levelling Up Fund awarding £18,000 to the charity. Prlncipal funding sources The charity's principal funding source is the Arts Council for Wales who contributed £87,497 (2023: £90,209) of core revenue funding for the year. Of course, funding was also received from both Cyngor Gwynedd and Ynys Mon Council, a number of Community & Town Councils, and from the UK Government's Levelling Up Fund. Investment policy and objectives The trustees, investment powers are governed by the Memorandum & Articles of Association. The trustees have a policy of keeping any surpluses as liquid fund5 in interest-bearing short-term deposits, which can be accessed readily. The trustees are of the opinion that the charity needs to keep its reserves liquid as possible. and therefore does not consider it prudent to invest in other forms of investments currently. Page 4
Dawns i Bawb Re ort of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW Reserves policy The charity has adopted a reserves policy. The company will aim to keep a minimum of three to six months running costs including any extra reserves for expected future grant funding cuts, as recommended by the Board of Trustees. This designated reserve held £40,000 as at the year end. The trustees have established a policy whereby a specific amount should be held as a bespoke reserve, with this being equivalent to 3 months of the resources expended. The trustees have decided that a sum of £40,000, which has been allocated to its own designated fund, should be sufficient at this time. The actual free reserve, as at the end of March 2024, which would include the £40,000 already designated, at £139,602 (2023.. £121,015), which is above the current target level, but in these inflationary times, the current free reserve value is not considered to be overly excessive. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The cornpany is limited by guarantee and is a registered charity and its governing document is its Memorandum & Articles of Association. Recrultment and appointment of new trustees Directors are nominated and elected in a meeting of the Management Board. This is done after discussions in the previous meetings on their suitability and the specialism they have to offer. They will be appointed for 3 years to begin with. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05412315 (Wales) Registered Charity number 1109455 Registered office Unit 2 Galeri Victoria Dock Caernarfon Gwynedd LL55 1 SQ Trustees Mr L Ap Rhisiart Mrs M W Evans Mrs O Green Mrs G Owen Mrs A Postle Mr G Roberts Mr F Roberts Mr G I Williams (resigned 31.3.24) (resigned 31.3.24) Chair Page 5
Dawns i Bawb Re ort of the Trustees for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Mr Emyr Rice-Roberts BA FCA Emyr Morlimer Archwilwyr Cyf 32 Y Maes Caernarfon Gwynedd LL55 2NN STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Dawns i Bawb for the purposes of company law) are responsible for preparing the Report of the Truslees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporling Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the Irustees are required to select suitable accounting policie5 and then apply them consistently., observe the methods and principles in Ihe Charity SORP; make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Irustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure Ihat the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularilies. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo small companies. Approved by order of the board of trustees on behalf by: and signed on its Mr F Roberts - Trustee Page 6
Inde endent Examiner's Re Dawns i Bawb ort to the Trustees of Independent examiner's report to the trustees of Dawns i Bawb ('the Company,) report lo the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparalion of the accounts in accordance with the requiremeiits of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 {'Ihe 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Seclion 145(5) (b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm Ihat no matters have come lo my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be feached. Mr Emyr Rice-Roberts BA FCA The Institute of Chartered Accountants in England and Wales Emyr Mortimer Archwilwyr Cyf 32 Y Maes Caernarfon Gwynedd LL55 2NN Date: Page 7
Dawns i Bawb statement of Financial Activities Incor oratin an Income and Ex for the Year Ended 31 March 2024 enditure Account 31.3.24 Total funds 31.3.23 Total funds Unrestricted Designated Restricted funds funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 110,884 18,001 128,885 117,053 Charitable activities Primary purpose 26,664 26,664 26,148 Investment income 1,690 1,690 375 Total 139,238 18,001 157239 143,576 EXPENDITURE ON Charitable activities Primary purpose 124,6q9 6,822 131,441 157,883 Other 4,345 4,345 3,000 Total 128 964 135 786 160883 NET INCOME I (EXPENDITURE> Transfers between funds 14 10,274 6,941 11,179 21,453 (17,307) Net movement In funds 17,215 4,238 21,453 (17,307) RECONCILIATION OF FUNDS Tolal funds brought forward 86,503 40,000 5,730 132,233 149,540 TOTAL FUNDS CARRIED FORWARD 103,718 40,000 9,968 153,686 132,233 The notes form part of these financial statements Page 8
Dawns i Bawb Balance Sheet 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Designated Restricted funds funds funds Notes FIXED ASSETS Tangible assets 4,116 4,116 5,488 CURRENT ASSETS Debtors Cash at bank and in hand 10 9,666 91,818 9,968 19,634 131,818 5,846 127,377 40,000 101,484 40,000 9,968 151,452 133,223 CREDITORS Amounts falling due within one year (1,882) (1,882) (6,4781 NET CURRENT ASSETS 99,602 40,000 9,968 149,570 126,745 TOTAL ASSETS LESS CURRENT LIABILITIES 103,718 40,000 9,968 153,686 132,233 NET ASSETS 103 718 9,968 153,686 132,233 FUNDS Unrestricted funds Restricted funds 14 143,718 9,968 126,503 5,730 TOTAL FUNDS 153,686 132,233 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006, The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records thal comply with Sections 386 and 387 of the Companies Act 2006 and (bl preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable cornpany. The noles form part of these financial statements Page 9 continued...
Dawns i Bawb Balance Sheet - continued 31 March 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on o.i/n/zoL and were signed on its behalf by: Mr F Roberts - Trustee The notes form part of these financial statements Page 10
Dawns i Bawb Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and Ihe Companies Act 2006. The financial statements have been prepared under the historical cost convention. Going concern The charity's viability in its current state is dependent substantially on revenue funding from Arts Council Wales (ACW) and, to a lesser extent, various County Councils. There are no material uncertainties to these funding sources for the next financial year and therefore about the charity's ability to continue as a going concern. Income All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably. Restricted incorne is allocated lo a restricted fund and matched with the expenditure. Expenditure Expenditure is recognised on an accruals basi5 as a liability is incurred. Expenditure includes VAT, which cannot be recovered, and is classified under headings of the statement of financial activities to which It relates. Expenditure on raising funds includes the costs of all fundraising projects and activities. Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities thal further its charitable aims for the benefit of its beneficiaries. Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are reported by the nature of the expenditure. Restricted expenditure 15 allocated to a restricted fund with any shared overhead costs apportioned on a reasonable basis. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Reco n ition Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses, if applicable. Page11 continued...
Dawns i Bawb Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Tangible fixed assets reciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Equipment,. 250/0 reducing balance airment of fixed assets review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance wilh the charitable objectives at the discretion of the trustees. Restricted funds can only be used for parlicular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for parlicular restricted purposes. Further explanation of Ihe nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing commitments The interest element of these obligations is charged to the Statement of Financial Activities over Ihe relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the Statement of Financial Aclivities on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are SLJbsequently measured at the cash or other consideration expected to be paid or received and not discounted. Page 12 continued.
Dawns i Bawb Notes to the Financial Statements - continued for the Year Ended 31 March 2024 DONATIONS AND LEGACIES 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Grants 110,884 18,001 128,885 117,053 Grants received, included in the above, are as follows: 31.3.24 31.3.23 Arts Council of Wales {ACW) Conwy County Borough Council Cyngor Gwynedd Isle of Anglesey County Council Local Community & Town Councils Rescue Fund Grant - ACW Sustainability fund grant - ACW Cost of living award - ACW Other Grants Shared prosperity fund 88,535 92,750 4,500 6,000 2,898 1,180 5,867 2,680 5,679 2,898 800 7,862 5,111 18,000 1,178 128,885 117,053 Page 13 continued...
Dawns i Bawb Notes to the Financial Statements - continued for the Year Ended 31 March 2024 INVESTMENT INCOME 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Deposit account interest 1,690 1,690 375 NET INCOMEI(EXPENDITURE> Net incomel(expenditure) is stated after chargingl(crediting}'. 31.3,24 31.3.23 Depreciation - owned assets Other operating leases 1,372 1,790 1,829 3,884 INDEPENDENT EXAMINATION FEES Fees payable lo the independent examiner for accountancy & examination amounted to £3,600 (2023: £3,600) & £649 (2023.. £661) for other services. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The average head count of employees during the year was 5 (2023.. 7). No employee received employee benefits of more than £60,000 during the year (2023.. Nill. Page 14 continued...
Dawns i Bawb Notes to the Financial Statements - continued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Designated Restricted funds funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 115,053 2,000 117,053 Charitable activities Primary purpose 23,976 2,172 26,148 Investment income 375 375 Total 139,404 4,172 143,576 EXPENDITURE ON Charitable activities Primary purpose 119,930 37,953 157,883 Other 3,000 3,000 Total 122,930 37,953 160,883 NET INCOMEI(EXPENDITURE} Transfers between funds 16,474 (33,781) 2,992 (17,307) Net movement In funds 13,482 (30,789) (17,307) RECONCILIATION OF FUNDS Total funds brought forward 73,021 40,000 36,519 149,540 TOTAL FUNDS CARRIED FORWARD 86,503 40,000 5,730 132,233 Page 15 continued...
Dawns i Bawb Notes to the Financial Statements - continued for the Year Ended 31 March 2024 TANGIBLE FIXED ASSETS Computer equipment COST At 1 April 2023 and 31 March 2024 38,139 DEPRECIATION Al 1 April 2023 Charge for year 32,651 1,372 At 31 March 2024 34,023 NET BOOKVALUE At 31 March 2024 At 31 March 2023 5,488 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Other debtors 1,634 18,000 5,846 19,634 5,846 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Hire purchase (see note 12) Trade creditors Social security and other taxes Other creditors Accrued expenses 200 896 617 966 3,799 (2,123) 274 3,731 1,882 6,478 Page 16 continued...
Dawns i Bawb Notes to the Financial Statements - continued for the Year Ended 31 March 2024 12. LEASING AGREEMENTS Minimum lease payments fall due as follows: Hire purchase contracts 31.3.24 31.3.23 Net obligations repayable: Within one year 200 The office rental lease was not signed as at the year end. A total of £4,269 was paid to Galeri for the charily's registered office address in the year. This will increase to £4,536 from 1 April 2024. The net carrying amount of finance leased equipment at the end of 31 March 2024 was zero (2023.. £200). The finance charge implicit in the lease is 8.3 % p.a. 13. SECURED DEBTS 14. MOVEMENT IN FUNDS Net movement in funds Transfers between funds Al 31.3.24 At 1.4.23 Unrestricted funds General fund Charity Reserve General assets fund 81,015 40,000 5,488 11,646 6,941 99,602 40,000 4,116 126,503 10,274 6,941 143,718 Restricted funds Dementia Workshops Moon Dance Foundation & ACW Dance Development Shared prosperity fund (5) 5,725 (5,725) 11,179 9,968 5,730 11,179 9,968 TOTAL FUNDS 132,233 21,453 153,686 Page 17 continued...
Dawns i Bawb Notes to the Financial Statements - continued for the Year Ended 31 March 2024 14. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund General assets fund 139,238 (127,592) 11,646 139,238 (128,964) 10,274 Restricted funds Shared prosperity fund 18,001 (6,822) 11,179 TOTAL FUNDS 157,239 135,7861 21,453 Comparatives for movement In funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Charity Reserve General assets fund 68,752 40,000 4,269 18,303 (6,0401 81,015 40,000 5,488 1,8291 3,048 113,021 16,474 (2,992) 126,503 Restricted funds Dementia Workshops Moon Dance Foundation & ACW Dance Development 2,198 (2,193) 34,321 31,588) 2,992 5,725 36,519 33,781) 2,992 5,730 TOTAL FUNDS 149,540 17,307) 132,233 Page 18 continued...
Dawns i Bawb Notes to the Financial Statements - continued for the Year Ended 31 March 2024 14. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are a5 follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund General assets fund 139,404 (121 101) 18,303 1,829) 139,404 Restricted funds Dementia Workshops Moon Dance Foundation & ACW Dance Development <122,930) 16,474 2,172 (4,365} (2,193) 2,000 33,588) 31,588) 4,172 37,953) 33,781) TOTAL FUNDS 143,576 160,883) 17,307) General Funds The general funds represent income received from its funders and resources expended in carrying out its principal activities. These general funds enable the charity to plan ahead lo the future and ensure the activities are supported, thus avoiding financial difficulties. Any surplus generated will be used to fund additional activities in line with its charitable objectives. General Assets Funds The general asset fund includes the net book value of tangible fixed assets. It includes office equipment essential to the running and administration of the charity. No new office equipment was purchased in the year {2023: £3,048) and depreciation totalling £1,372 {2023'. £1,829) was charged in the year, Desi nated Fund The company aims to secure at least three months of costs as recommended by the Charities Commission. The opening designated fund of £40.000 had been decided by the Trustees, with this lo include £36,000 lo cover three months of staff salaries and related office costs if the company was to fold and £4,000 for Local Authority grant cuts. No changes were made to this fund for the year. This will be monitored on an on-going basis. Restricted Funds The company received funding for various specific projects during the year as listed in the restricted funds table. Transfers between funds The net fund transfer balance of £6,941 (2023.. £2,992) relates to the re-allocation of general funds, so as to support the other designated and restricted funds. Page 19 continued...
Dawns i Bawb Notes to the Financial Statements - continued for the Year Ended 31 March 2024 15. RELATED PARTY DISCLOSURES The trustees have considered the requirement to disclose transactions with related parties, and as all transactions with its related parties and joint ventures, were deemed to be at market value there is nothing to disclose here. 16. DEFINED CONTRIBUTION PLANS The amount recognised in income or expenditure as an expense in relation to defined contribulion plans was £1,814 (2023,. £2,246). Page 20