2024-02-29-accounts - Ffin Dance

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FFIN DANCE

Charity No. 1129663

Company No. 06506094

Trustees' Report and Unaudited Accounts

29 February 2024

FFIN DANCE Contents

	Pages
Trustees' Annual Report	2 to 4
Independent Examiner's Report		5
Statement of Financial Activities		6
Summary Income and Expenditure Account		7
Balance Sheet		8
Notes to the Accounts	9 to	15
Detailed Statement of Financial Activities	16 to	17

Page 1

FFIN DANCE Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 29 February 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 06506094

Charity No. 1129663

Principal Office

The Beaufort Theatre Beaufort Hill Beaufort Ebbw Vale NP23 5QQ

Registered Office

The Beaufort Theatre Beaufort Hill Beaufort Ebbw Vale NP23 5QQ

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

S. Harford L.W. Norman R. Pratten K.A.R. Price A. Xavier-Phillips (Resigned 27 November 2023)

Accountants

TKD Accountants Ltd Regus House Malthouse Avenue Cardiff Gate Business Park Cardiff CF23 8RU

OBJECTIVES AND ACTIVITIES

To advance education and training for the public benefit through the promotion and performance of dance, for all ages; in particular within the area of Gwent.

The main activities are based around community dance projects and professional dance activity.

Page 2

FFIN DANCE Trustees Annual Report

We have been fortunate to receive grants from Blaenau Gwent CBC £20,593, and Tesco Groundworks £1,000 and Sports Lot £1,388 that have enabled the following:

The community engagement and activities of FFIN DANCE have been developed considerably during this year with the support of Charitable Trusts and Grants also with an increased income permitting further outreach to be undertaken, to further the charity's purpose for the public benefit. Our engagement numbers with volunteers and the community in our opportunities and open activities have both increased considerably.

During the year we have remained in contact with our community through increased social media posts and regular media updates on progress and information for outreach, education and partnership alliances. We acknowledge that we will continue to face challenging times, where local and regional engagement with the arts is traditionally low and the region has higher than average levels of deprivation. However we can report that things are getting a little easier with further outreach and good relationships being consolidated. All of these issues are accentuated by a backdrop of ever decreasing public funding and the Cost Of Living Crisis. However, despite this, our efforts to continue engaging audiences and developing new and innovative programme stands. We will achieve this by continuing to work collaboratively and in partnership, proving that we have a very valuable role to play in the creative community.

The trustees have a high regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

ACHIEVEMENTS AND PERFORMANCE

Our aim over the last 4 seasons has been to promote the company at a much higher level of marketing and networking which has been achieved with our website and the interactive blogging which takes places and an increased presence on Instagram. Workshop figures have increased significantly more so than previous years and audience figures for our performances have increased significantly

As the building from which we operate has now fully reopened, this meant that the professional dancers presented their annual repertoire for the second year running in April and all our community dancers had a platform to share the work that they had undertaken together with invited community groups. We also managed another studio-based R&D period with our professional dancers. We have gained new clients through the use of Zoom and other social media platforms, so our outreach is wider. We have developed partnerships with Gwent Police and the Blaenau Gwent County Borough Council together with the Blaenau Gwent Sports Development Team, Llanhilleth Institute and community group Off The Streets. We have undertaken outreach projects with these partners together with Crickhowell High School and Abertillery Learning Campus.

FINANCIAL REVIEW

The charity has incurred costs that have outweighed the income in this financial year, however, these costs have been managed due to the cash reserve accumulated. The additional costs in this year are due to the ongoing projects which have needed paid employees with their expertise to help deliver these projects. All other running costs are as expected. The trustees are satisfied that, at the year end there is enough in reserve for the charity to continue trading for the foreseeable future. Future grants will be applied for to aid us in carrying out certain future projects.

All income received and reserves held are deemed unrestricted as they are received and held for all charity operations and not a specific purpose. It is the policy of the charity that the level of reserves should be maintained at least at £4,000. The trustees consider that reserves of this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charities current activities while consideration is given to ways in which additional funds may be raised.

Page 3

FFIN DANCE Trustees Annual Report

STRUCTURE, GOVERNANCE AND MANAGEMENT

The methods used to recruit and appoint new charity trustees are advertised via word of mouth, recommendations from current trustees, and other professional bodies (e.g. ,GAVO)

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

Ruth Pratten (Jul 10, 2024, 10:28pm)

R. Pratten Trustee 08 July 2024

Page 4

FFIN DANCE Independent Examiners Report

Independent Examiner's Report to the trustees of FFIN DANCE

I report to the charity trustees on my examination of the financial statements of FFIN DANCE for the year ended 29 February 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 preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity 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 financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements 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 financial statements to be reached.

Dave James FCCA TKD Accountants Ltd Regus House Malthouse Avenue Cardiff Gate Business Park Cardiff CF23 8RU 08 July 2024

Page 5

FFIN DANCE Statement of Financial Activities

for the year ended 29 February 2024

Unrestricted funds 2024 £ 27,298 9,589 8,116 -	Total funds 2024 £ 27,298 9,589 8,116 -	Total funds 2023 £ 3,627 4,783 5,496 39
45,003 16,329 34,610	45,003 16,329 34,610	13,945 37,118 5,718
50,939 -	50,939 -	42,836 -
(5,936) -	(5,936) -	(28,891) -
(5,936)	(5,936)	(28,891)
(5,936) 19,589	(5,936) 19,589	(28,891) 48,480
13,653	13,653	19,589

Page 6

FFIN DANCE Summary Income and Expenditure Account

for the year ended 29 February 2024

Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net expenditure before tax for the year Net expenditure for the year	2024 £ 45,003 45,003 50,637 302 50,939 (5,936) (5,936)	2023 £ 13,945
		13,945
		42,600 236
		42,836
		(28,891)
		(28,891)

Page 7

FFIN DANCE Balance Sheet

at 29 February 2024

at 29 February 2024
Company No. 06506094	Notes	2024	2023
		£	£
Fixed assets
Tangible assets	13	2,721	2,125
		2,721	2,125
Current assets
Cash at bank and in hand		14,845	17,944
		14,845	17,944
Creditors:Amount falling due within one year	14	(3,913)	(480)
Net current assets		10,932	17,464
Total assets less current liabilities		13,653	19,589
Net assets excluding pension asset or liability		13,653	19,589
Total net assets		13,653	19,589
The funds of the charity
Restricted funds	15
Unrestricted funds	15
General funds		13,653	19,589
		13,653	19,589
Reserves	15
Total funds		13,653	19,589

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 08 July 2024

And signed on its behalf by:

Ruth Pratten (Jul 10, 2024, 10:28pm)

R. Pratten Trustee 08 July 2024

Page 8

FFIN DANCE Notes to the Accounts

for the year ended 29 February 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Page 9

FFIN DANCE Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

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

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and Machinery 10%% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 10

FFIN DANCE Notes to the Accounts

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Charitable activities Other trading activities Other Total Expenditure on: Charitable activities Other Total Net income Transfers between funds Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Grants Donations	Unrestricted funds 2023 £ 3,627 4,783 5,496 39 13,945 37,118 5,718 42,836 (28,891) 45,790 16,899 16,899 2,690 19,589 Unrestricted £ 26,910 388 27,298	Restricted funds 2023 £ - - - - - - - - - (45,790) (45,790) (45,790) 45,790 - Total 2024 £ 26,910 388 27,298	Total funds 2023 £ 3,627 4,783 5,496 39
			13,945 37,118 5,718
			42,836
			(28,891) -
			(28,891)
			(28,891) 48,480
			19,589
			Total 2023 £ 3,194 433
			3,627

Page 11

FFIN DANCE Notes to the Accounts

5 Income from charitable activities

Classes Fundraising 6 Income from other trading activities Box Office Merchandise 7 Other income Other Income 8 Expenditure on charitable activities Expenditure on charitable activities Classes Fundraising Grants made Governance costs	Unrestricted £ 9,589 - 9,589 Unrestricted £ 7,815 301 8,116 Unrestricted £ 16,329 - - 16,329	Total 2024 £ 9,589 - 9,589 Total 2024 £ 7,815 301 8,116 Total 2024 £ - -	Total 2023 £ 4,751 32
			4,783
			Total 2023 £ 5,386 110
			5,496
			Total 2023 £ 39
			39

		Total 2024 £ 16,329 - - 16,329	Total 2023 £ 30,802 5,802 514
			37,118

Page 12

FFIN DANCE Notes to the Accounts

9 Analysis of grants

Activity or programme Beaufort Theatre Activity or programme Beaufort Theatre 10 Other expenditure Merchandise Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 11 Net expenditure before transfers This is stated after charging: Depreciation of owned fixed assets 12 Staff costs Salaries and wages Pension costs	Unrestricted £ 260 28,249 598 1,189 302 1,834 2,178 34,610 2024 £ 302 2024 27,079 547 27,626	Total 2024 £ - - Total 2024 £ - - Total 2024 £ 260 28,249 598 1,189 302 1,834 2,178 34,610	Total 2023 £ 514
			514
			Total 2023 £
			514
			514
			Total 2023 £ 239 - - 2,116 236 2,223 904
			5,718
			2023 £ 236 2023 - -
			-

No employee received emoluments in excess of £60,000.

Page 13

FFIN DANCE Notes to the Accounts

13 Tangible fixed assets

Cost or revaluation At 1 March 2023 Additions At 29 February 2024 Depreciation and impairment At 1 March 2023 Depreciation charge for the year At 29 February 2024 Net book values At 29 February 2024 At 28 February 2023 14 Creditors: amounts falling due within one year Other taxes and social security Other creditors Accruals 15 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds	At 1 March 2023 19,589 19,589	2024 £ 685 2,646 582 3,913 Incoming resources (including other gains/losses ) £ 45,003 45,003	Plant and Machinery £ 9,178 898 10,076 7,053 302 7,355 2,721 2,125 Resources expended £ (50,939) (50,939)	Total £ 9,178 898
				10,076
				7,053 302
				7,355
				2,721
				2,125
				2023 £ - - 480
				480
				At 29 February 2024 £ 13,653
				13,653

Page 14

FFIN DANCE Notes to the Accounts

16 Analysis of net assets between funds

At 1 March 2023 £	Unrestricted funds £ 2,721 10,932 13,653 Cash flows £	Total £ 2,721 10,932
		13,653
		At 29 February 2024 £
17,944	(3,099)	14,845
17,944 17,944	(3,099) (3,099)	14,845
		14,845

17 Reconciliation of net debt

18 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

	2024	2024	2023	2023
	Land and buildings	Other	Land and buildings	Other
	£	£	£	£
Operating leases with expiry date:
*Pension commitments*
		2024		2023
		£		£
The pension cost charge to the company
amounted to:		547		-

19 Related party disclosures

Controlling party

The charity is under the control of its legal members. Every member of the charity is obliged to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

Page 15

FFIN DANCE Detailed Statement of Financial Activities

for the year ended 29 February 2024

Income and endowments from: Donations and legacies Grants Donations Charitable activities Classes Fundraising Other trading activities Box Office Merchandise Other Other Income Total income and endowments Expenditure on: Charitable activities Classes Fundraising Grants made Total of expenditure on charitable activities Other expenditure Merchandise Employee costs Salaries/wages Pension costs Staff training Motor and travel costs Travel and subsistence Premises costs Rent	Unrestricted funds 2024 £ 26,910 388 27,298 9,589 - 9,589 7,815 301 8,116 - - 45,003 16,329 - - 16,329 16,329 260 260 27,079 547 623 28,249 598 598 1,189 1,189	Total funds 2024 £ 26,910 388 27,298 9,589 - 9,589 7,815 301 8,116 - - 45,003 16,329 - - 16,329 16,329 260 260 27,079 547 623 28,249 598 598 1,189 1,189	Total funds 2023 £ 3,194 433
			3,627
			4,751 32
			4,783
			5,386 110
			5,496
			39
			39
			13,945 30,802 5,802 514
			37,118
			37,118 239
			239
			- - -
			-
			-
			-
			2,116
			2,116

Page 16

FFIN DANCE

Detailed Statement of Financial Activities

General administrative costs, including depreciation and amortisation Depreciation of Plant and Machinery Equipment repairs and maintenance General insurances Information and publications Stationery and printing Subscriptions Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net expenditure Net expenditure before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	302 215 123 154 11 823 508 2,136 2,178 2,178 34,610 50,939 - (5,936) (5,936) - (5,936) 19,589 13,653	302 215 123 154 11 823 508 2,136 2,178 2,178 34,610 50,939 - (5,936) (5,936) - (5,936) 19,589 13,653	236 - 117 270 13 1,374 449
			2,459
			904
			904

			5,718
			42,836 -
			(28,891)
			(28,891) -
			(28,891)
			48,480
			19,589

Page 17

Issuer

Issuer TKD Accountants Ltd Document generated Fri, 5th Jul 2024 20:57:52 UTC Document fingerprint e940db9487ffc5e6437222b541725290

Parties involved with this document

Document processed Party + Fingerprint Wed, 10th Jul 2024 22:28:24 UTC Ruth Pratten - Signer (96174c43f1b5c9fcecc3729f97fc9950) Audit history log Date Action Wed, 10th Jul 2024 22:28:24 UTC Ruth Pratten viewed the envelope (94.0.85.153) Wed, 10th Jul 2024 22:28:24 UTC This envelope has been signed by all parties (94.0.85.153) Wed, 10th Jul 2024 22:28:24 UTC Ruth Pratten signed the envelope (94.0.85.153) Wed, 10th Jul 2024 22:25:37 UTC Ruth Pratten viewed the envelope (94.0.85.153) Wed, 10th Jul 2024 22:23:51 UTC Ruth Pratten viewed the envelope (94.0.85.153) Wed, 10th Jul 2024 22:18:48 UTC Ruth Pratten viewed the envelope (94.0.85.153) Wed, 10th Jul 2024 22:18:39 UTC Ruth Pratten opened the document email. (87.248.116.214) Wed, 10th Jul 2024 21:12:02 UTC Document emailed to ruth-pratten@sky.com (18.133.159.172) Wed, 10th Jul 2024 21:12:02 UTC Sent Ruth Pratten a reminder to sign the document. () Fri, 5th Jul 2024 21:12:43 UTC Document emailed to ruth-pratten@sky.com (18.130.228.15) Fri, 5th Jul 2024 21:12:43 UTC Sent the envelope to Ruth Pratten (ruth-pratten@sky.com) for signing (46.31.71.159) Fri, 5th Jul 2024 21:07:35 UTC Document generated with fingerprint e940db9487ffc5e6437222b541725290 (46.31.71.159) Fri, 5th Jul 2024 20:57:53 UTC Document generated with fingerprint e09de7b53b0fcf85c0138f86ccf6b429 (46.31.71.159) Fri, 5th Jul 2024 20:57:52 UTC Envelope generated by Dave James (46.31.71.159)