**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:
- To advance the education of under privileged children and young people in lower income communities in the art of dance.
- To relieve the suffering of physically and mentally disabled persons by provision of training in dance and equipment to improve their conditions of life.
- 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:
- 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;
- 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;
- 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:
- Provide regular, inclusive and sustainable quality Dance sessions
- Educate and provide pathways in leading and teaching dance
- Volunteering opportunities
- 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:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 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
**2021**Support 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