Charity Registration No. 1156898
U DO IT! DANCE FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
U DO IT! DANCE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | A Orge | |
|---|---|---|
| A Gulvanessian | ||
| D Evans | ||
| S Dibley | ||
| D Teasdale | ||
| C Taylor | ||
| J Cation | ||
| E Gough | ||
| M Guinibert | (Appointed 1 September | |
| 2020) | ||
| Charity number | 1156898 | |
| Principal address | 25D Lombard Road | |
| Wimbledon | ||
| SW19 3TZ | ||
| Independent examiner | Darren Harding ACA FCCA DChA | |
| Richard Place Dobson Services Limited | ||
| 1-7 Station Road | ||
| Crawley | ||
| West Sussex | ||
| RH10 1HT |
U DO IT! DANCE FOUNDATION
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 - 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 15 |
U DO IT! DANCE FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their annual report and financial statements for the year ended 31 March 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution , the Charities Act 2011 and "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
UDOIT continues to work closely with, and is supported by, the United Dance Organisation (UDO) Limited who founded UDOIT! Dance Foundation in 2014. A Partnership Agreement has been implemented to recognise the start up, current and future relationships between the two organisations.
The objects of UDOIT during this period were:
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To advance the education of under privileged children and young people in lower income communities in the art of dance.
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To relieve the suffering of physically and mentally disabled persons by provision of training in dance and equipment to improve their conditions of life.
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To advance any purposes which are exclusively charitable under the law of England and Wales from time to time by providing grants to charities or individuals identified by the trustees at their discretion.
These were reviewed in February 2017 and agreed by Trustees as:
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To advance the healthy education, development and wellbeing of under privileged children and young people in lower income and or disadvantaged communities, through their active participation in and opportunities through Dance;
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To enhance the active and healthy lifestyles of physically and mentally disabled young persons by provision of increased inclusive opportunities - individually and collectively - through Dance;
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To advance any purposes which are exclusively charitable under the law of England and Wales from time to time by providing support to charities or individuals identified by the Trustees at their discretion.
The objectives are achieved by working with likeminded partner organisations, individuals and grant funders, including, but not exclusively with UDO, Sport Wales, Sport England, Youth Sport Trust and Streetgames, to harness the unique power of dance and in particular StreetDance to be used as an intervention for those in disadvantaged situations to:
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Provide regular, inclusive and sustainable quality Dance sessions
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Educate and provide pathways in leading and teaching dance
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Volunteering opportunities
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Events and competitions
Public benefit
The trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the commission in exercising their powers and duties.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
A detailed activity report for the year ended 31.03.21 is prepared separately and can be requested directly from the charity.
Financial review
Finance Policies have been reviewed and a formal reserves policy is being planned beyond the support of the Partnership Agreement, through AGRC on behalf of the Trustees.
Richard Place Dobson page 1
U DO IT! DANCE FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
The Trustees confirm that no trustee is a custodian of any funds.
David Teasdale Chair & Trustee - provided consultancy services during this financial year .
Alp Orge a trustee and acting CEO - provided consultancy services during this financial year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The Trustees have given consideration to the Charities SORP (Statement of Recommended Practice) Committees advice in its publication ‘Implications of COVID-19 Control Measures and Charity Financial Reporting’ and to the risks arising as a result of the coronavirus pandemic. The Charity is actively monitoring and managing the situation as it develops.
Structure, governance and management
UDOIT! Dance foundation is a Registered Charitable Incorporated Organisation (CIO). It is an autonomous organisation with its own constitution, first adopted on 1 May 2014.
The trustees who served during the year and up to the date of signature of the financial statements were:
A Orge
A Gulvanessian
D Evans S Dibley D Teasdale C Taylor J Cation E Gough M Guinibert (Appointed 1 September 2020)
When new trustees are appointed, the current trustees ensure that the board of trustees have the right balance of skills, knowledge and experience to ensure the original intentions and objectives of UDOIT are maintained within an independent, transparent and suitably governed organisation.
The trustees have formally met at regular intervals during the period with minutes recorded including actions and agreements.
Governance Code
UDOIT are following the Code of Sport Governance Tier 2a as required by Sport England and have ensur ed that all expectations of that code have been met .
An Audit, Governance & Risk Committee is in place to closely oversee Financial, Governance and Risk matters on behalf of the trustees. This committee meets quarterly and reports to the Trustees.
The trustees' r eport was approved by the Board of Trustees.
..............................
A Orge Trustee Date: ............................................. 31 January 2022
Richard Place Dobson
page 2
U DO IT! DANCE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF U DO IT! DANCE FOUNDATION
I report to the trustees on my examination of the financial statements of U Do It! Dance Foundation (the charity) for the year ended 31 March 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT
Dated: 31 January 2020
Richard Place Dobson
page 3
U DO IT! DANCE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2021
| Current financial year Unrestricted Restricted funds funds 2021 2021 Notes £ £ Income from: Donations and grants 3 827 - Charitable activities 4 - 189,892 Other trading activities 5 1,455 - Investments 6 5 - Total income 2,287 189,892 Expenditure on: Raising funds 7 - - Charitable activities 8 827 167,617 Total resources expended 827 167,617 Net incoming/(outgoing) resources before transfers 1,460 22,275 Gross transfers between funds 56,332 (56,332) Net income/(expenditure) for the year/ Net movement in funds 57,792 (34,057) Fund balances at 1 April 2020 (40,124) 54,717 Fund balances at 31 March 2021 17,668 20,660 |
Total 2021 £ 827 189,892 1,455 5 192,179 - 168,444 168,444 23,735 - 23,735 14,593 38,328 |
Total 2020 £ - 183,472 11,192 10 194,674 1,954 199,438 201,392 (6,718) - (6,718) 21,311 14,593 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Richard Place Dobson
page 4
U DO IT! DANCE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2021
| Prior financial year Unrestricted Restricted funds funds 2020 2020 Notes £ £ Income from: Charitable activities 4 - 183,472 Other trading activities 5 11,192 - Investments 6 10 - Total income 11,202 183,472 Expenditure on: Raising funds 7 - 1,954 Charitable activities 8 4,226 195,212 Total resources expended 4,226 197,166 Net incoming/(outgoing) resources before transfers 6,976 (13,694) Net income/(expenditure) for the year/ Net movement in funds 6,976 (13,694) Fund balances at 1 April 2019 (47,100) 68,411 Fund balances at 31 March 2020 (40,124) 54,717 |
Total 2020 £ 183,472 11,192 10 194,674 1,954 199,438 201,392 (6,718) (6,718) 21,311 14,593 |
|---|---|
Richard Place Dobson
page 5
U DO IT! DANCE FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2021
| Notes Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Creditors: amounts falling due after more than one year 15 Net assets Income funds Restricted funds 16 Unrestricted funds |
2021 £ 1,728 100,610 102,338 (12,177) |
£ 90,161 (51,833) 38,328 20,660 17,668 38,328 |
2020 £ 1,708 35,156 36,864 (3,771) |
£ 33,093 (18,500) 14,593 54,717 (40,124) 14,593 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on ......................... 31 January 2022
A Orge Trustee
Richard Place Dobson
page 6
U DO IT! DANCE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
Charity information
U Do It! Dance Foundation is a public benefit entity.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Donations, grants and fundraising income are included in the year in which they are receivable, which is when the charity becomes entitled to the resource unless performance conditions require deferral of the amount.
Incoming resources from charitable activities, which is made up from project income and events income is recognised in the accounts in the year in which it is receivable.
Other trading activities consists of fundraising income which is recognised in the accounts in the year in which it is receivable.
Richard Place Dobson page 7
U DO IT! DANCE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity heading:
Expenditure on charitable activities includes the costs of projects and events and their associated support costs.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include premises and office related costs which support the charity's activity. These costs have been allocated to expenditure on charitable activities.
Governance costs include those incurred in the governance by the trustees of the charity's assets and are primarily associated with constitutional and statutory requirements of operating the charity. Governance costs are included within support costs and allocated to charitable activity costs.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
1.8 Taxation
The charity is exempt from tax on its charitable activities.
Richard Place Dobson page 8
U DO IT! DANCE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
(Continued)
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and grants
| Unrestricted | Total | |
|---|---|---|
| funds | ||
| 2021 | 2020 | |
| £ | £ | |
| Grants recievable | 827 | - |
| Grants receivable for core activities | ||
| Government Grant | 827 | - |
| 827 | - |
Richard Place Dobson page 9
U DO IT! DANCE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
| 4 5 6 7 |
Charitable activities Project Project 2021 2020 £ £ Performance related grants 189,892 183,472 Performance related grants Sport Wales 88,000 75,000 Sport England 101,892 108,472 Other - - 189,892 183,472 Other trading activities Unrestricted Unrestricted funds funds 2021 2020 £ £ Fundraising events 1,455 11,192 Investments Unrestricted Unrestricted funds funds 2021 2020 £ £ Interest receivable 5 10 Raising funds Total Restricted funds 2021 2020 £ £ Fundraising and publicity Other fundraising costs - 1,954 - 1,954 |
Project 2020 £ 183,472 |
|---|---|---|
| 75,000 108,472 - |
||
| 183,472 | ||
| 1,954 |
Richard Place Dobson page 10
U DO IT! DANCE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
8 Charitable activities
| Staff costs Insurance Merchandice Consultancy Development and delivery Events Volunteering Share of support costs (see note 9) Share of governance costs (see note 9) Analysis by fund Unrestricted funds Restricted funds Support costs Support costs Governance costs £ £ Rates and water - - Sundry costs - - Rent and service charges - - Bank charges 216 - Support costs heading 6 827 - Accountancy - 3,856 1,043 3,856 Analysed between Charitable activities 1,043 3,856 |
Project Project Event 2021 2020 2020 £ £ £ 74,744 73,936 - 595 561 - - 3,849 - 36,000 44,415 - 52,206 42,242 - - - 8,527 - 2,598 - 163,545 167,601 8,527 1,043 19,481 - 3,856 3,829 - 168,444 190,911 8,527 827 4,226 - 167,617 186,685 8,527 168,444 190,911 8,527 2021Support costs Governance costs £ £ £ - 1,105 - - 160 - - 18,000 - 216 216 - 827 - - 3,856 - 3,829 4,899 19,481 3,829 4,899 19,481 3,829 |
Total 2020 £ 73,936 561 3,849 44,415 42,242 8,527 2,598 |
|
|---|---|---|---|
| 176,128 19,481 3,829 |
|||
| 199,438 | |||
| 4,226 195,212 |
|||
| 199,438 | |||
| 2020 £ 1,105 160 18,000 216 - 3,829 |
|||
| 23,310 | |||
| 23,310 |
9 Support costs
Governance costs includes payments to the independent examiners of £ 2,400 (2020- £2,400) for the independent examination.
Richard Place Dobson page 11
U DO IT! DANCE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or expenses from the charity during the year.
Two of the trustees did receive consultancy fees, the details of which can be seen in note 19 to the financial statements.
11 Employees
The average monthly number of employees during the year was:
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| 3 | 3 | |
| Employment costs | 2021 | 2020 |
| £ | £ | |
| Wages and salaries | 70,913 | 69,763 |
| Social security costs | 2,244 | 2,852 |
| Other pension costs | 1,587 | 1,321 |
| 74,744 | 73,936 |
The key management personnel are the general manager, the chair and the acting CEO who do not receive any remuneration for their roles as trustees. The total benefits received were £5 7 ,0 5 7.
There were no employees whose annual remuneration was more than £60,000.
12 Debtors
| Debtors | ||
|---|---|---|
| 2021 | 2020 | |
| Amounts falling due within one year: | £ | £ |
| Prepayments | 1,728 | 1,708 |
Richard Place Dobson page 12
U DO IT! DANCE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
13 Loans and overdrafts
| Bank loans Other loans Payable within one year Payable after one year |
2021 £ 40,000 18,500 58,500 6,667 51,833 |
2020 £ - 18,500 |
|---|---|---|
| 18,500 | ||
| - 18,500 |
The loan of £18,500 has been provided by UDO Ltd who have not charged interest on the loan and do not expect repayment until U Do It! Dance Foundation is financially able.
The bank loan is a bounce back loan from the bank over a term of 70 months with an interest rate of 2.5%pa. The first 12 months of interest is covered by the UK Government's Business Interruption payments. No loan repayments are required in the first 12 months of the loan being taken out.
14 Creditors: amounts falling due within one year
| Notes Bank loans 13 Other taxation and social security Other creditors Accruals and deferred income |
2021 £ 6,667 50 3,060 2,400 12,177 |
2020 £ - 609 762 2,400 |
|---|---|---|
| 3,771 |
15 Creditors: amounts falling due after more than one year
| Creditors: amounts falling due after more than one year | ||
|---|---|---|
| Notes Bank loans 13 Other borrowings |
2021 £ 33,333 18,500 51,833 |
2020 £ - 18,500 |
| 18,500 |
Richard Place Dobson page 13
U DO IT! DANCE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
16 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Balance at 1 April 2020 £ Sport Wales -Street Dance Wales 7,645 Sport England - Clubs and research project 47,072 54,717 |
Movement in funds Incoming resources Resources expended £ £ 88,000 (74,985) 101,892 (92,632) 189,892 (167,617) |
Transfers Balance at 31 March 2021 £ £ - 20,660 (56,332) - (56,332) 20,660 |
Transfers Balance at 31 March 2021 £ £ - 20,660 (56,332) - (56,332) 20,660 |
|---|---|---|---|
| 20,660 |
| Movement in funds Balance at 1 April 2019 Incoming resources Resources expended £ £ £ Sport Wales -Street Dance Wales 653 75,000 (68,008) Sport England - Clubs and research project 67,758 108,472 (129,158) 68,411 183,472 (197,166) |
Transfers Balance at 31 March 2020 £ £ - 7,645 - 47,072 - 54,717 |
Transfers Balance at 31 March 2020 £ £ - 7,645 - 47,072 - 54,717 |
|---|---|---|
| 54,717 |
All restricted funds listed relate to project delivery, including associated costs, staffing and project management as per the relevant grant award.
Sport Wales - StreetDance Wales, Sport Wales - Pilot & Sport Wales - Phase 2, all grants awarded from Sport Wales Development Grants.
Sport England - Clubs and research project. With the Award Programme coming to an end on 31 March 2021, affected funds were moved from restricted to unrestricted status with the approval of Sport England.
Richard Place Dobson page 14
U DO IT! DANCE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
| 17 | Analysis of net assets between funds | Analysis of net assets between funds | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
| funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| £ | £ | £ | £ | £ | £ | ||
| Fund balances at 31 | |||||||
| March 2021 are | |||||||
| represented by: | |||||||
| Current assets/(liabilities) | 69,501 | 20,660 | 90,161 | (21,624) | 54,717 | 33,093 | |
| Long term liabilities | (51,833) | - | (51,833) | (18,500) | - | (18,500) | |
| 17,668 | 20,660 | 38,328 | (40,124) | 54,717 | 14,593 |
18 Covid 19
At the date of approval of the accounts, the financial and direct impact of Covid was still significant on UDOIT! and in accordance with UK government guidelines, and Welsh government guidelines, U Do It! Dance Foundation temporarily ceased all activity that could not be delivered online or within the Covid guidelines during lockdown(s).
The continuation of funding from Sport Wales and the accrued underspend from Sport England ensured that the impact of the Covid could be mitigated during lockdowns, the impact of Covid on the 'other trading activities' was however significant. No adjustments have been made to any figures in the accounts as a result of the pandemic
19 Related party transactions
One of the trustees David Teasdale received £1 2 ,000 (20 20 : £1 1 ,000) for his role as a consultant. £nil (20 20 : £1,000) was outstanding at the year end.
One of the trustees Alp Orge received £24,000 (20 20 : £4,000) for his role as the acting CEO.
Richard Place Dobson page 15