Company no. 05368398 Charity no. 1137913
UINCAP International Union of Capoeira (UINCAP)
Report and Unaudited Financial Statements 29 February 2024
UINCAP International Union of Capoeira (UINCAP)
Reference and Administrative Details
For the year ended 29 February 2024
| Company number | 05368398 |
|---|---|
| Charity number | 1137913 |
| Registered office and operational address | 136 Streatham High Road |
| London | |
| SW16 1BW | |
| Trustees | Trustee, who are also directors under company law, who served during |
| the year and up to date of this report were as follows: | |
| Marsha Lowe | |
| Sarah Moltoni | |
| Marcelo Santos | |
| Janet Warburton | |
| Company Secretary | Sarah Moltoni |
| Bankers | Nationwide |
| 152 Clapham High Street | |
| London | |
| SW4 7UA | |
| Santander | |
| 2 Triton Square | |
| Regent's Place | |
| London | |
| NW1 3AN | |
| Independent Examiner | Laurie Tweedale, ACMA |
| High Wold | |
| Beverley Road | |
| Market Weighton | |
| YO43 4ND |
Page 1
UINCAP International Union of Capoeira (UINCAP)
Reference and Administrative Details
For the year ended 29 February 2024
The trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements of the charity for the year ended 29 February 2024.
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).
Structure, Governance and Management
Association as adopted by the Board of Trustees in August 2004. UINCAP’s activities are managed by the Board of Trustees who are also the Directors of the company.
New trustees with relevant skills that can benefit the charity are recruited through personal contact and by recommendation from amongst membership and those who work with and support the charity’s activities.
Objectives and Activities
UINCAP is a registered charity working throughout Lambeth and surrounding boroughs since 2004. We aim to improve the physical and emotional health and well being of children, young people and adults.
This is achieved through the provision of capoeira ( a Brazilian martial art, incorporating self-defence, dance, acrobatics, philosophy, instrumental playing and singing) , a range of other martial arts, dance, music, visual arts and therapies and structured play.
UINCAP runs the Streatham Capoeira Centre and the Kennington Park Centre.
Since 2017 we have been part of Bright Futures, a consortium of other local providers that was established to provide joined up working across the borough. In 2021 we have developed this consortium model and formed the Streatham Youth Partnership with partners including Streatham Youth and Community Trust, Inspirational Youth, Streatham Space, South Central Youth and St Michaels Fellowship. In addition to our ongoing work, being part of this consortium has meant we have also delivered joint events such as open days, workshops and performances alongside the other providers.
In October 2022, we formed the Creative Consortium in partnership with Oxygen Arts, The Boury Academy, Kinetika Bloco and the Kennington Park Community Trust. With a focus on creative skills work, this consortium works across the north of the borough. We received a one-year seed-fund from Lambeth Youth and Play to implement new creative and sporting initiatives and to develop partnership working.
Streatham Capoeira Centre
Capoeira:
We run 12 weekly classes for children from 3 years and above through to adult, and for beginners through to advanced level.
During school holidays we run the Capoeira Holiday Courses, from 10am – 3pm Monday-Friday for children from 6-16 years. We also provide volunteering/training opportunities for young people from 14-18 years.
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UINCAP International Union of Capoeira (UINCAP)
Reference and Administrative Details
For the year ended 29 February 2024
Provision is offered as 12-week courses during term-time, intensive holiday provision during school holidays and at special events such as gradings, championships, performances and workshops.
Additional Activities:
The centre offers ballet, lindi-hop/jazz dance, yoga, pilates, drum kit and Afro-Brazilian drumming classes for children and adults run by our staff and external providers.
Kennington Park Centre
Adventure Playground:
Open every Monday, Tuesday and Wednesday during term-time from 3:30 – 6:30pm and Monday-Friday 10am – 4pm during the school holidays from 6-16 year-olds from Lambeth and surrounding boroughs.
This free open-access service provides structured play, an adventure playground with climbing structures and zipwire, sports and arts activities, games and cooking, led by a highly qualified team of playworkers.
Stay & Play:
Open throughout the year from Monday - Thursday from 10am – 1pm.
This free service is open to children from 0 – 5 years with a parent or carer. It provides open space for young children to play, make friends and learn in a supportive environment, and for parents/carers to meet others and seek advice and support from experienced workers.
Additional Activities:
3 weekly capoeira, classes are offered during term-time (as at Streatham Capoeira Centre) for families (children from 5 years plus with a parent/carer), for 10 – 17 years-olds at the APG and for adults.
We have expanded the range of services to promote improved physical and well-being, including acupuncture, yoga, pilates, fitness and fencing, as well as establishing a screen-printing workshop offering both training and guided use of equipment.
These activities are run by a combination of our staff and external providers.
Both centres are widely used by community groups for meetings, classes and family/community gatherings, when not in use for regular provision.
Public Benefit
UINCAP’s Trustees have considered the Charity Commision’s guidance on public benefit and are satisfied that the charity has charitable purpose and delivers wide ranging and tangible public benefit.
Provision is accessible to users with and without additional needs and from a variety of socio-economic backgrounds. Provision is low cost, with concessionary rates for low-income families and a bursary to cover up to the full cost of provision for those unable to make any financial contribution.
The KPC Adventure Playground and Stay & Play are free of charge.
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UINCAP International Union of Capoeira (UINCAP)
Reference and Administrative Details
For the year ended 29 February 2024
Capoeira improves health on a physical and emotional level, improving fitness, strength, flexibility, coordination and reflex as well as creativity and improvisation, self-confidence, individuality, autonomy and team skills.
Our provision seeks to make stronger and healthier communities - physically and emotionally. We facilitate the participation of all members of a child’s family and the wider community, by running classes for all ages, subsidising provision up to the full cost where needed, putting on performances, open days, workshops and celebratory events.
Through bringing people of all ages together, we give children and young people opportunities to be inspired and challenged by positive role models from a range of cultural, social and economic backgrounds and for children themselves to be positive role models for younger children and their peers.
Challenges
The cost-of-living crisis has continues to have significant impact on both our organisation and the people we support. We have seen increased demand for free and concessionary provision, with many families struggling to afford to pay for services.
Many young people we work with are struggling with increased social anxiety and school attendance. We have also noticed higher levels of anxiety and stress amongst both young people and adults and higher levels of financial concern amongst parents.
Achievements and Performance
Outreach work in schools has continued to rebuild during this financial year and we have seen an uptake in attendance across most programmes.
In May, 91 students took part in the first annual grading ceremony since the pandemic. Taking part in grading ceremonies, and being awarded certificates and belts both rewards students and encourages further development. The benefits of practising capoeira come over time, therefore it is important that practitioners are encouraged to keep up with training (whether they carry on with capoeira or use it as a stepping stone to dance or other martial arts).
With funding from Lambeth’s Holiday Activity Fund, we ran holiday provision during the Easter, summer and Christmas holidays in both Streatham and Kennington, with additional half-term projects also running in Kennington.
In Streatham, we were open for 5 weeks in April, July and August. We ran capoeira, hula, dance, music and visual arts sessions and provided a free hot lunch for all the children. Over the 5 weeks, we worked with 150 children, with an average of 35 places offered each day.
At the Kennington Park Centre, we were open for 10 weeks, with children attending daily and a total of 215 unique participants. We ran sports and arts activities, cooking sessions and free play on the zip wire and outside adventure playground structures. This summer we continued our partnership with the Kennington Park Community Centre, with the objective of mixing and connecting families from opposite sides of the park (from Brandon and Kennington Park estates), to promote community cohesion and reduce fear and anxiety young people have of going to their local Kennington Park.
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UINCAP International Union of Capoeira (UINCAP)
Reference and Administrative Details
For the year ended 29 February 2024
In August we ran our residential programme, taking 22 12-16 year olds on a 4-day camping trip. Young people took part in a range of activities, including capoeira, dance, music, football, paddle-boarding, swimming and hiking. Each day we prepared and cooked meals together as a group. The benefits of this programme were widely felt, especially post-pandemic and we have seen increased uptake in ongoing provision.
The HAF funding enabled us to reach new users and we have built up a large database of young people and families who don’t necessarily access weekly provision but instead regularly attend and rely on our provision during the school holidays.
In December 2022, in partnership the with Kennington Park Community Centre and Bee Urban, we ran the Kennington Winter Fair, with a range of stalls, activities, food and games for local families. It was a very popular event, bring together people from all generations across our local communities.
Our Young Capoeira Leaders programme is going from strength to strength, with 14 young people regularly taking part in performances, leading workshops, volunteering on holiday and regular provision and learning to teach. In July, 12 young people from our Young Capoeira Leader programme lead worskops and performances at the Lambeth Country Show.
Current Situation
Funding from Lambeth EIPS for work in Streatham wards has been extended to March 2026.
The one-year seed fund for the Creative Consortium from April 2023 – March 2024 has been extended for another year.
We have worked in our local communities since 2004, building up long-lasting relationships with users, families and the wider community. Collectively, with staff, volunteer and user support we were able to adapt and continue our provision during and post-pandemic, and we have maintained a strong connection with our users and community, including continuing with online provision even after we were able to reopen face-to-face services.
We have continued to prioritise small hirers, so that revenue from venue hire is less at risk of unexpected drops and we have seen an increase in one-off bookings for children’s parties and community events.
Ongoing Projects:
-
Capoeira Youth Education Project
-
Capoeira Young Leader Programme
-
Kennington Park Centre Adventure Playground
-
Kennington Park Centre Stay & Play
-
Holiday schemes
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UINCAP International Union of Capoeira (UINCAP)
Reference and Administrative Details
For the year ended 29 February 2024
1. Capoeira Youth Education Project
16 weekly classes at the Streatham Capoeira School
3 weekly classes at the Kennington Park Centre including Family Capoeira sessions
12 weekly outreach classes in schools/community centres
We continue to work in partnership with schools, colleges and community-based organisations to enable young people to access provision, including referrals and access to subsidised and free places where required.
In the year ended February 2024, over 250 children and young people accessed regular ongoing provision as part of the Capoeira Youth Education Project.
Throughout the project, children are taught the basic movements of capoeira, and learn to create sequences of movements with which to play capoeira. Participants learn to play a range of percussion instruments and the primary instrument the ‘berimbau’. Participants also learn a range of songs that tell of the history of capoeira, from slavery times until the modern day and about famous individuals that made significant contribution to the survival and development of capoeira. History is an important element of the programme, and students learn about the origins of capoeira and how it has developed up to the present day.
We currently have 3 on-going outreach projects, with new projects anticipated in the new year.
The principle aim of the Capoeira Youth Project is to promote physical fitness and healthy lifestyles amongst children and young people through the facilitation of regular capoeira provision.
The outcomes of the Capoeira Youth Project:
· Practising capoeira raises general fitness levels, improves strength, coordination, spatial awareness and increases flexibility.
· Through practising capoeira, children develop confidence and team skills. (Teachers of children practising capoeira have noted increased participation in class, improvements in music classes, through improved posture and breathing, and greater general self-confidence.)
· As childhood obesity is increasing, with children and young people increasingly less engaged in sport, this project seeks to find new ways of engaging children and young people with physical activity.
· Capoeira combines dance, martial arts and music, and we have found that its cross-curricular nature helps to engage those who would not normally be drawn to practise martial arts, or dance or music. Through one element that appeals to practitioners, they are introduced to elements they may not otherwise seek to take part in.
· Through raising the awareness of capoeira and the benefits of practising, we hope to increase the number of people practising the sport and encourage more schools and community groups to establish after-school programmes.
2. Capoeira Young Leader Programme
Young people who attend our provision regularly are invited to participate in regular performances, workshops, celebratory events and to plan and review current and new provision, including helping with grant applications and project evaluations.
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UINCAP International Union of Capoeira (UINCAP)
Reference and Administrative Details
For the year ended 29 February 2024
We support young people who have been training with us for several years to take part in grading ceremonies, eventually working towards achieving their Junior Instructor belt. This year 4 young people have begun their apprenticeship of capoeira teacher training.
3. Kennington Park Centre Adevnture Playground
The KPC Adventure Playground has had another successful year, with over 200 children accessing provision during the holidays and weekly sessions.
The adventure playground is free of charge, and we also provided trips and workshops during the summer holidays.
4. Kennington Park Centre Stay & Play
Over 300 children and parents/carers accessed the Stay & Play this year. We have added weekly music/singing sessions once per week which are very popular and the service is now offered 4 days per week.
5. Holiday Schemes
UINCAP’s holiday courses provide an excellent opportunity for children to experience capoeira and related dance and music for the first time, in a supportive environment. As the project runs for around 5 x 6-hour days, participants are given the time to learn a great deal about the subject, and we have found progress to be of a very high standard – proof of which can be found in the end of course performance.
The holiday projects also give those children with experience the opportunity to develop their skills further and to take part in specialised ‘masterclass-style’ sessions, such as instrumental playing, vocal work, acrobatics and so on.
We have a team of highly experienced tutors and pastoral staff, who have experience of delivering holiday schemes and regular on-going provision in and out of school, as well as experience of working with children and young people with additional needs.
As a result of taking part in these courses (especially those who accessed free places) we have seen an increased uptake of on-going provision – either at the capoeira school or at after-school capoeira clubs in local schools.
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UINCAP International Union of Capoeira (UINCAP)
Reference and Administrative Details
For the year ended 29 February 2024
Financial Review
The charity’s income for the year ended February 2024 was £219,237 comprising principle sums:
| Grants | £144,638 |
|---|---|
| Venue hire | £74,508 |
| Other | £91 |
| The charity’s expenditure was £214,484: | |
| Salaries & staff costs | £117,974 |
| Rent/service charge | £47,817 |
| Telephone/ internet | £1,006 |
| Publicity | £299 |
| Accountancy | £609 |
| Legal & professional | £13 |
| Repairs | £8,793 |
| Depreciation | £2,081 |
| Insurance | £2,624 |
| Project delivery | £32,599 |
| Finance costs | £669 |
Reserves Policy
UINCAP’s reserves policy allows for £25,000 to be set aside, in order to meet any unexpected drop in income. Reserves cover at least 1 month running costs and can be spent on core running costs in the event that any regular funding is cut or to meet any unexpected emergency costs, such as urgent repairs. Trustees consider it sufficient to hold only 1 months’ worth of costs in reserve as we are able to flex expenditure in accordance with any drop in income.
Income levels from venue hire have dropped as some ongoing hirers ended their contracts with us. We have put more focus on securing smaller hires so that revenue from venue hire is less at risk of unexpected drops, such as kids parties on the weekends.
We are finalising negotiations with a crèche who would take a long-term hire of the small hire in Kennington, generating £2500 per month for the first 3 months, increasing to £4200 over the year.
Our current funding from Lambeth EIPS for work in Streatham wards runs until March 2026 with an additional oneyear seed fund up to March 2025 which we hope to extend.
We received a 2-year grant from London Community Foundation, the second payment of £10,000 is due in December.
In November 2024, we have been awarded a grant from the Go London Foundation for a 1-year core and project grant of £40,000.
We have been awarded £3240 from the Lambeth Holiday Activity Fund to deliver work over the Christmas period and anticipate this funding being awarded for subsequent holiday period throughout the academic year.
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UINCAP International Union of Capoeira (UINCAP)
Reference and Administrative Details
For the year ended 29 February 2024
We have applied for 3-year core funding from Walcot Foundation (£30,000 per year) and have reached the second stage of the application process, with final decisions expected in January 2025. If successful this grant would start in March 2025 and run for 3 years.
We are also preparing a Crowd Funding campaign due to launch in January, with the goal of raising £100K.
The trustees are therefore satisfied that the charity remains a going concern.
Statement of Responsibilities of the Trustees
Trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the net income or expenditure, of the charitable company for the year. In preparing those financial statements the trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles in the applicable Charities SORP;
-
Make judgements and estimates that are reasonable and prudent;
-
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which 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 for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees confirm that to the best of their knowledge there is no information relevant to the audit of which the independent examiner are unaware.
The trustees also confirm that they have taken all necessary steps to ensure that they themselves are aware of all relevant audit information and that this information has been communicated to the independent examiner.
Members of the charity guarantee to contribute an amount not exceeding £5 to the assets of the charity in the event of winding up. The total number of such guarantees at 29/2/2024 was 4.
The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
Approved by the trustees on 27th November 2024 and signed on their behalf by
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Sarah Moltoni
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Independent examiners' report
To the members of
UINCAP International Union of Capoeira
I report on the accounts of the charitable company for the year ended 29 February 2024, which are set on on pages 11 to 21.
Respective Responsibilities of the trustees and examiner
As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the2006 Act').
Having satisfied myself that the accounts of the charitable 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 the examination of the charitable company's accounts 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 confirm that as a member of CIMA I am subject to CIMAs Ethical Standards, which I have applied with respect to this engagement.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
(1) accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
(2) the accounts do not accord with those records; or
(3) 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
(4) 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).
Attention is drawn to the fact that as at 29th February 2024 the charity's unrestricted funds were indeficit by £11,058. Whilst this presents a material uncertainty in relation to the charity's ability to continue as a going concern, for reasons set out in accounting policy 1(b), the trustees consider it appropriate to adopt the going concern basis for the preparation of these accounts due to the anticipated grant income in the next quarter and the debtor amounts about to be settled.
In all other respects, 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 reached.
Date: 26th November 2024
Laurie Tweedale, ACMA
High Wold Beverley Road Market Weighton YO43 4ND
Page 10
UINCAP International Union of Capoeira
Statement of financial activities (incorporating an income and expenditure account)
For the year ended 29 February 2024
| Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Investments Total income Expenditure on: Raising funds Charitable activities Total expenditure 7 Net income/ (expenditure) Transfer between funds Net expenditure and net movement in funds 8 Reconciliation of funds: Total funds brought forward Total funds carried forward |
Restricted £ - 143,138 - 143,138 143,138 143,138 - - - - - |
Unrestricted £ - 1,500 74,508 91 76,099 19,264 52,081 71,346 4,753 - 4,753 (15,811) (11,058) |
2024 Total £ - 144,638 74,508 91 219,237 19,264 195,220 214,484 4,753 - 4,753 (15,811) (11,058) |
2023 Total £ 5,000 77,657 95,119 52 |
|---|---|---|---|---|
| 177,828 | ||||
| 29,833 216,723 |
||||
| 246,556 | ||||
| (68,728) - |
||||
| (68,728) 52,917 |
||||
| (15,811) |
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than for those stated above. Movements in funds are disclosed in Note 16 to the accounts.
Page 11
UINCAP International Union of Capoeira
Balance Sheet
As at 29 February 2024
| Note Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Liabilities Creditors: amount falling due within 1 year 13 Net current assets Total assets less current liabilities Creditors: amount falling due after more than 1 year 14 Net assets/ (liabilities) 15 Funds 16 Restricted funds Unrestricted funds Total charity funds |
£ 13,228 20,174 33,401 (30,496) |
2024 £ - 2,905 2,905 (13,964) (11,058) - (11,058) (11,058) |
2023 £ 2,081 1,790 24,058 |
|---|---|---|---|
| 25,848 (21,159) |
|||
| 4,689 6,770 (22,581) |
|||
| (15,811) | |||
| - (15,811) |
|||
| (15,811) |
The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibilities for:
(i) ensuring that the Company keeps proper accounting records which comply with section 386 of the Act; and
(ii) preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise compy with the requirements of the Act relating to financial statements, so far as applicable to the company.
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.
Approved by the trustees on 27 November 2024 and signed on their behalf by
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Sarah Moltoni - Trustee
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UINCAP International Union of Capoeira
Notes to the financial statements
For the year ended 29 February 2024
1. Accounting policies
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act2006.
UINCAP International Union of Capoeria 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 note.
b) Going concern basis of accounting
Although the charity is in net liabilities at the year end, the accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of cash reserves at the year end (being £20,174). At time of approving the accounts cash reserves are further reduced (being £7,124) however settlement of a £14,000 debtor amount is imminent and significant new funding streams have just been awarded, as detailed in the reserves policy within the annual report.
c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably.
d) 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 bank.
e) Funds accounts
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are donations which the donor has specified are to be soley used for particular areas of the charity's work or for specific projects being undertaken by the charity.
f) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that the settlement will be required and the amount of the obligation can be measure reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
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UINCAP International Union of Capoeira
Notes to the financial statements
For the year ended 29 February 2024
g) Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the following basis:
Raising funds 30% Charitable activities 70%
h) Tangible fixed assets
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
Computing equipment 33% straight line Berimbaus 20% straight line Other instruments 33% straight line Fixtures and fittings 20% straight line
Items of equipment are capitalised where the purchase price exceeds £500.
i) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
j) Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
k) Creditors
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.
l) Financial Instruments
The charitable company only has basic financial assets and financial liabilities of a kind that quailfy as basic financial instruments. Basic financial instruments are intially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
m) Accounting estimates and key judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
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UINCAP International Union of Capoeira
Notes to the financial statements
For the year ended 29 February 2024
m) Accounting estimates and key judgements (continued)
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.
Depreciation
As described in note 1h to the financial statements, depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life.
2. Prior period comparative: statement of financial activities
| Income from: Donations and legacies Charitable activities Other trading activities Investments Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income Transfers between funds Net movement in funds 3. Income from donations AMCM donation Total income from donations |
Restricted £ - - |
Restricted £ - 77,657 - - 77,657 - 77,657 77,657 - - - Unrestricted £ - - |
Unrestricted £ 5,000 - 95,119 52 100,171 29,833 139,066 168,899 (68,728) - (68,728) 2024 Total £ - - |
2023 Total £ 5,000 77,657 95,119 52 |
|---|---|---|---|---|
| 177,828 | ||||
| 29,833 216,723 |
||||
| 246,556 | ||||
| (68,728) - |
||||
| (68,728) | ||||
| 2023 Total £ 5,000 |
||||
| 5,000 |
All of the income from charitable activities in the prior period was restricted. No donations were received in the year ending 29 February 2024.
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UINCAP International Union of Capoeira
Notes to the financial statements
For the year ended 29 February 2024
4. Income from charitable activities
| Restricted Grants>£1000 Lambeth Borough Council 103,538 London Community Foundation 10,000 Lambeth Creative Consortium 29,600 London Sport Total income from charitable activities 143,138 5. Income from other trading activities Restricted Venue hire - All of the income from charitable activities in the prior period w |
Unrestricted £ 1,500 - - - 1,500 Unrestricted £ 74,508 as restricted. |
2024 2023 Total Total £ £ 105,038 75,489 10,000 - 29,600 - - 2,168 144,638 77,657 2024 2023 Total Total £ £ 74,508 95,119 |
|---|---|---|
All of the income from trading activities in the prior period was unrestricted.
6. Government Grants
The charity receives government grants from the following organisations to fund running costs associatied with capoeira provision in their centre, to fund staff costs for their summer school programme and to fund equipment and charitable activities for their Capoeira centre. There are no unfulfilled conditions or contingencies attached to these grants.
| Lambeth Borough Council | 2024 Total £ 144,638 |
2023 Total £ 75,489 |
|---|---|---|
Page 16
UINCAP International Union of Capoeira
Notes to the financial statements
For the year ended 29 February 2024
7. Total Expenditure
| Rent and rates Telephone/Internet Wages and salaries (note 9) Other staff costs Accountancy Publicity Legal and professional fees Project delivery Repairs and renewals Insurance Finance costs Depreciation Sub-total Allocation of support and governance costs Total expenditure |
Raising Funds £ - 19,264 19,264 |
Charitable activities £ 117,670 32,599 150,269 44,950 195,220 |
Support and governance costs £ 47,817 1,006 304 610 299 13 8,793 2,624 669 2,081 64,215 (64,215) - |
2024 Total £ 47,817 1,006 117,670 304 610 299 13 32,599 8,793 2,624 669 2,081 214,484 - 214,484 |
Raising Funds £ - - - - - - - - - - - - - 29,833 29,833 |
Charitable activities £ - - 119,345 - - - - 27,764 - - - - 147,109 69,614 216,723 |
Support and governance costs £ 84,590 1,549 - 99 3,389 - 13 - 3,843 2,373 1,509 2,082 99,447 (99,447) - |
2023 Total £ 84,590 1,549 119,345 99 3,389 - 13 27,764 3,843 2,373 1,509 2,082 |
|---|---|---|---|---|---|---|---|---|
| 246,556 - |
||||||||
| 246,556 |
Sub-total
The governance costs for 2024 were nil (hours donated on a charitable basis), (2023: £2,880)
Page 17
UINCAP International Union of Capoeira
Notes to the financial statements
For the year ended 29 February 2024
8. Net movement in fund
This is stated after charging:
| 8. Net movement in fund This is stated after charging: |
||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Income from: | ||
| Depreciation | 2,081 | 2,082 |
| Trustees remuneration | Nil | Nil |
| Trustees reimbursed expenses | 6,918 | 6,775 |
| Independent examiners' renumeration: | ||
| Independent examination (excluding VAT) | Nil | 2,400 |
| Other services (excluding VAT) | Nil | 262 |
During the year one trustee was reimbursed for operating expenses borne on behalf of the charity.
9. Staff costs and numbers
| Staff costs were as follows Gross Salaries Social Security Costs Employer's pension contributions Freelance staff |
2024 2023 £ £ 56,000 56,000 5,217 499 1,306 1,813 55,147 61,032 117,670 119,345 |
|---|---|
There were 2 members of staff employed by the charity during the year (2023:2).
The key management personnel comprised the trustees. They did not receive any remuneration during the current or prior year.
10. Taxation
The charity is exempt from corporation tax as all its income is charitable and applied for charitable purposes.
Page 18
UINCAP International Union of Capoeira
Notes to the financial statements
For the year ended 29 February 2024
11. Tangible fixed assets
| Berimbaus and other instruments £ Cost At 1 March 2023 5,975 Additions in the year - As at 29 February 2024 5,975 Depreciation At 1 March 2023 5,975 Charge for the year - As at 29 February 2024 5,975 Net book value At 29 February 2024 - At 28 February 2023 - 12. Trade Debtors Trade Debtors 13. Creditors: amounts due within 1 year Bounce back loan Other creditors Accruals Other taxation and social security |
Computer equipment £ 2,158 - 2,158 2,158 - 2,158 - - |
Fixtures and fittings £ 10,409 - 10,409 8,328 2,081 10,409 - 2,081 2024 £ 13,228 2024 £ 8,378 14,536 - 7,582 30,496 |
Total £ 18,542 - |
|---|---|---|---|
| 18,542 | |||
| 16,461 2,081 |
|||
| 18,542 | |||
| - | |||
| 2,081 | |||
| 2023 £ 1,790 |
|||
| 2023 £ 7,733 7,532 2,880 3,014 |
|||
| 21,159 |
Page 19
UINCAP International Union of Capoeira
Notes to the financial statements
For the year ended 29 February 2024
14. Creditors: amounts due after 1 year
| 14. Creditors: amounts due after 1 year | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Bounce back loan | 13,964 | 22,581 |
Loans comprise an unsecured bounce back loan received from Santander, to help mitigate the effects of Covid-19 on the organisation.
15. Analysis of net assets between funds
| 15. Analysis of net assets between funds | |||
|---|---|---|---|
| Tangible fixed assets Current assets Current liabilities Non-current liabilities Net assets at 29 February 2024 |
Restricted funds - 7,625 (7,625) - - |
Unrestricted funds £ - 25,776 (22,871) (13,964) (11,058) |
Total funds £ - 33,401 (30,496) (13,964) |
| (11,058) |
Prior year comparative
| Prior year comparative | |||
|---|---|---|---|
| Tangible fixed assets Current assets Current liabilities Non-current liabilities Net assets at 28 February 2023 |
Restricted funds - - - - - |
Unrestricted funds £ 2,081 25,848 (21,159) (22,581) (15,811) |
Total funds £ 2,081 25,848 (21,159) (22,581) |
| (15,811) |
Page 20
UINCAP International Union of Capoeira
Notes to the financial statements
For the year ended 29 February 2024
16. Movement in funds
| Restricted funds Lambeth (EIP) Lambeth (HAF/Residential) London Community Foundation Lambeth Creative Consortium Total restricted funds General funds Total unrestricted funds Total funds Prior year comparative Restricted funds Lambeth (HAF/Residential) YLC Early Intervention Provision London Sport Total restricted funds General funds Total unrestricted funds Total funds |
At 1 March 2023 £ - - - - - (15,811) (15,811) (15,811) At 1 March 2022 £ - - - - 52,917 52,917 52,917 |
Income £ 52,978 50,560 10,000 29,600 143,138 76,099 76,099 219,237 Income £ 48,095 27,394 2,168 77,657 100,171 100,171 177,828 |
Expenditure £ (52,978) (50,560) (10,000) (29,600) (143,138) (71,346) (71,346) (214,484) Expenditure £ (48,095) (27,394) (2,168) (77,657) (168,899) (168,899) - (246,556) |
Transfer between funds £ - - - - - - - - Transfer between funds £ - - - - - - - |
At 29 February 2024 £ - - 0 - |
|---|---|---|---|---|---|
| 0 | |||||
| (11,058) | |||||
| (11,058) | |||||
| (11,058) | |||||
| At 28 February 2023 £ - - - |
|||||
| - | |||||
| (15,811) (15,811) |
|||||
| - (15,811) |
Purposes of restricted funds Lambeth (HAF/Residential)
Grants from Lambeth Council to provide free holiday activities and cooked meals for children during the school holidays and off-site residential trips for teenagers.
Lambeth (EIP)
Grant from Lambeth Early Intervention and Prevention for general running costs associated with capoeira provision at the centre and outreach.
London Community Foundation
Grant for the provision of after-school club sessions, family capoeira and employability training at KPC.
Lambeth Creative Consortium
Grant from Lambeth Youth and Play for general running costs associated with capoeira, sports and arts provision inaround KPC.
YLC Early Intervention Provision
Grant from Young Lambeth Cooperative for general running costs associated with capoeira provision at the centre and outreach.
London Sport
Grant to cover staff cost and equipment costs to establish 2 new satellite clubs targeting inactive 14-19 year olds.
17. Related party transactions
The charity collaborated on a number of projects with Oxygen Arts during the year ending 28 February 2023, a CIC with 2 directors in common with UINCAP (£5,970 was paid to the CIC). No projects have been carried out with Oxygen Arts in the year ending 29 February 2024.
Page 21