2021-03-31-accounts - Line Dance Foundation

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REGISTERED COMPANY NUMBER: 09186186 (England and Wales)
REGISTERED CHARITY NUMBER: 1164708

`Report of the Trustees and`

Unaudited Financial Statements for the Year Ended 31 March 2021

`for`

`LINE DANCE FOUNDATION`

Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

LINE DANCE FOUNDATION

`Contents of the Financial Statements for the Year Ended 31 March 2021`

	`Page`
`Report of the Trustees`	`1 to 2`
`Independent Examiner's Report`	`3`
`Statement of Financial Activities`	`4`
`Balance Sheet`	`5 to 6`
`Notes to the Financial Statements`	`7 to 11`
`Detailed Statement of Financial Activities`	`12 to 13`

LINE DANCE FOUNDATION

Report of the Trustees
for the Year Ended 31 March 2021

The trusteeswhoare alsodirectorsof the charityforthe purposesof the CompaniesAct 2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended31March2021.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

The objectof the charity,as statedin its governingdocuments,is to relievepovertyor financialhardshipamong persons
who wholly or partly make their living working in the line dancingindustryand their dependantsby providingfinancial and
otherforms of supportincluding(butwithoutprejudiceto the generalityof the foregoing)assistingin the treatment and
careofsuchpersonswhoaresufferingfromillnessofanydescriptionorwhoareinneedofrehabilitationasa result of
such illness and who have fallen into poverty or financial hardship as a result of such illness.

`ACHIEVEMENT AND PERFORMANCE`

Thestatementoffinancialactivitiesfortheyearissetoutonpage4ofthefinancialstatements.Asummaryof the
financial results and the work of the charity is set out below.

Duringtheperiodthecharityreceiveddonationsof£141,574,significantlyhigherthaninpreviousyearsdueto an
overwhelming response by the line dance community to the hardships caused by the COVID-19 pandemic.

Grants were made amountingto £291,579 and the trustees are once again pleased to have supporteda wide cross-section
of the dance community,particularlythose in need across the world due to the pandemic.A donationof £13,485 was  also
made to the Australian bush fire appeal.

The overallresultfor the yearwas a deficitof £160,000.Thiswas due to a consciousdecisionby the trusteesto increase
support for those in need.

The charity has total funds of £31,383 at 31 March 2021. There are no designated funds at the year end (2020: £10,000).

`FINANCIAL REVIEW`

`Reserves policy`

The charity has minimal operating costs and does not require any significant free reserves.

`FUTURE PLANS`

Trustees plan to continue to make grants to beneficiaries.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

Thecharityisconstitutedbyitsmemorandumandarticlesofassociationdated21August2014andregisteredwith the
Charity Commissioners under charity number 1164708.

`Recruitment and appointment of new trustees`

Thetrusteesselectmembersofthetrusteeboardandonceappointedtrusteesserveindefinitely.Noexternalbody is
entitled to appoint trustees.

Page 1

LINE DANCE FOUNDATION

`Report of the Trustees for the Year Ended 31 March 2021`

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Risk management`

Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controlsareinplacetoprovidereasonableassuranceagainstfraudanderror.Riskmanagementisanongoing annual
process.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`

09186186 (England and Wales)

`Registered Charity number`

`Registered office`

Clare House
166 Lord Street
Southport
PR9 0QA

`Trustees`

Mrs E A Drummond Publisher
Mr S J Healy Administration Officer
Ms A Biggs Company Director

`Independent Examiner`

Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

`Bankers`

Barclays Bank Plc
265/267 Lord Street
Southport
Merseyside
PR8 1PD

Approved by order of the board of trustees on 1 September 2021 and signed on its behalf by: E A Drummond

Mrs E A Drummond - Trustee

Page 2

Independent Examiner's Report to the Trustees of
Line Dance Foundation

`Independent examiner's report to the trustees of Line Dance Foundation ('the Company')`

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

`Responsibilities and basis of report`

As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw) youare responsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andareeligibleforindependentexamination,I reportinrespectof my examinationof yourcharity'saccountsas carried
outundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

`Independent examiner's statement`

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:

1. accounting records were not kept in respect of the 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)).

I have no concernsand have come across no other matters in connectionwith the examinationto which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Gavin Butterworth

Gavin Butterworth
FCA
Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

1 September 2021

Page 3

`LINE DANCE FOUNDATION`

`Statement of Financial Activities for the Year Ended 31 March 2021`

`Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `141,574` `Other trading activities` `2` `-` `Total` `141,574` `EXPENDITURE ON` `Raising funds` `3` `-` `Charitable activities` `Health grants payable` `310,891` `Other` `664` `Total` `311,555` `Net gains/(losses) on investments` `9,981` `NET INCOME/(EXPENDITURE)` `(160,000)` `Transfers between funds` `8` `10,000` `Net movement in funds` `(150,000)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `181,383` `TOTAL FUNDS CARRIED FORWARD` `31,383`	`Restricted` `fund` `£` `-` `-` `-` `-` `-` `-` `-` `-` `-` `(10,000)` `(10,000)` `10,000` `-`	`31.3.21` `Total` `funds` `£` `141,574` `-` `141,574` `-` `310,891` `664` `311,555` `9,981` `(160,000)` `-` `(160,000)` `191,383` `31,383`	`31.3.20` `Total` `funds` `£` `45,702` `20,600` `66,302` `14,964` `31,779` `10,124` `56,867` `(5,023)` `4,412` `-` `4,412` `186,971` `191,383`

The notes form part of these financial statements

Page 4

`LINE DANCE FOUNDATION`

`Balance Sheet 31 March 2021`

`Unrestricted` `fund` `Notes` `£` `FIXED ASSETS` `Investments` `6` `-` `CURRENT ASSETS` `Cash at bank` `32,047` `CREDITORS` `Amounts falling due within one year` `7` `(664)` `NET CURRENT ASSETS` `31,383` `TOTAL ASSETS LESS CURRENT LIABILITIES` `31,383` `NET ASSETS` `31,383` `FUNDS` `8` `Unrestricted funds` `Restricted funds` `TOTAL FUNDS`	`Restricted` `fund` `£` `-` `-` `-` `-` `-` `-`	`31.3.21` `Total` `funds` `£` `-` `32,047` `(664)` `31,383` `31,383` `31,383` `31,383` `-` `31,383`	`31.3.20` `Total` `funds` `£` `137,477` `54,570` `(664)` `53,906` `191,383` `191,383` `181,383` `10,000`
			`191,383`

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 March 2021.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 March 2021 in accordance with Section 476 of the Companies Act 2006.

`The trustees acknowledge their responsibilities for`

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

continued...

Page 5

`LINE DANCE FOUNDATION`

`Balance Sheet - continued 31 March 2021`

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.

The financialstatementswere approvedby the Board of Trustees and authorisedfor issue on 1 September 2021 and  were
signed on its behalf by:

E A Drummond

Mrs E A Drummond - Trustee

The notes form part of these financial statements

Page 6

LINE DANCE FOUNDATION

Notes to the Financial Statements
for the Year Ended 31 March 2021

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordancewith the Financial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUK andRepublicofIreland'andthe Companies
Act 2006. The financialstatementshave been preparedunder the historicalcost convention,with the exception of
investments which are included at market value, as modified by the revaluation of certain assets.

`Financial reporting standard 102 - reduced disclosure exemptions`

Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptionsinpreparingthese financial
statements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland':

the requirements of Section 7 Statement of Cash Flows.

`Income`

All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds,it is
probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itis probablethata transferofeconomicbenefitswillbe requiredinsettlement and
the amountof the obligationcan be measuredreliably.Expenditureis accountedfor on an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.

Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.

`Taxation`

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

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscan onlybe used for particularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 7

LINE DANCE FOUNDATION

`Notes to the Financial Statements - continued for the Year Ended 31 March 2021`

`2. OTHER TRADING ACTIVITIES`

`2.`	`OTHER TRADING ACTIVITIES`
		`31.3.21`		`31.3.20`
		`£`		`£`
	`Fundraising events`		`-`	`20,600`
`3.`	`RAISING FUNDS`
	`Investment management costs`
		`31.3.21`		`31.3.20`
		`£`		`£`
	`Investment advice`		`-`	`7,500`

`4. TRUSTEES' REMUNERATION AND BENEFITS`

There were no trustees'remunerationor other benefitsfor the year ended 31 March 2021 nor for the year ended
31 March 2020.

`Trustees' expenses`

No trustee's expenses were paid in the year (2020: £456).

`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`Unrestricted` `fund` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `45,702` `Other trading activities` `20,600` `Total` `66,302` `EXPENDITURE ON` `Raising funds` `14,964` `Charitable activities` `Health grants payable` `31,779` `Other` `10,124` `Total` `56,867` `Net gains/(losses) on investments` `(5,023)` `NET INCOME` `4,412`	`Restricted` `fund` `£` `-` `-` `-` `-` `-` `-` `-` `-` `-`	`Total` `funds` `£` `45,702` `20,600` `66,302` `14,964` `31,779` `10,124` `56,867` `(5,023)` `4,412`

continued...

Page 8

`LINE DANCE FOUNDATION`

`Notes to the Financial Statements - continued for the Year Ended 31 March 2021`

`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`

		`Unrestricted`	`Restricted`		`Total`	`Total`
		`fund`	`fund`		`funds`
		`£`	`£`		`£`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`		`176,971`	`10,000`		`186,971`
`TOTAL FUNDS CARRIED FORWARD`		`181,383`	`10,000`		`191,383`
`FIXED ASSET INVESTMENTS`
`The company disposed of all listed investments during the year and`		`none are held a the`	`year end.`
`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
			`31.3.21`		`31.3.20`
			`£`		`£`
`Accrued expenses`			`664`		`664`
`MOVEMENT IN FUNDS`
		`Net`	`Transfers`
		`movement`	`between`		`At`
	`At 1.4.20`	`in funds`	`funds`		`31.3.21`
	`£`	`£`	`£`		`£`
`Unrestricted funds`
`General fund`	`181,383`	`(160,000)`	`10,000`		`31,383`
`Restricted funds`
`Designated fund`	`10,000`	`-`	`(10,000)`			`-`
`TOTAL FUNDS`	`191,383`	`(160,000)`	`-`		`31,383`
`Net movement in funds, included in the above are as follows:`
	`Incoming`	`Resources`	`Gains and`	`Movement`
	`resources`	`expended`	`losses`	`in funds`
	`£`	`£`	`£`		`£`
`Unrestricted funds`
`General fund`	`141,574`	`(311,555)`	`9,981`	`(160,000)`
`TOTAL FUNDS`	`141,574`	`(311,555)`	`9,981`	`(160,000)`

`6. FIXED ASSET INVESTMENTS`

`7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

`8. MOVEMENT IN FUNDS`

continued...

Page 9

`LINE DANCE FOUNDATION`

`Notes to the Financial Statements - continued for the Year Ended 31 March 2021`

`8. MOVEMENT IN FUNDS - continued`

`Comparatives for movement in funds`

			`Net`
			`movement`	`At`
		`At 1.4.19`	`in funds`	`31.3.20`
		`£`	`£`	`£`
`Unrestricted funds`
`General fund`		`176,971`	`4,412`	`181,383`
`Restricted funds`
`Designated fund`		`10,000`	`-`	`10,000`
`TOTAL FUNDS`		`186,971`	`4,412`	`191,383`
`Comparative net movement in funds, included in the above are as follows:`
	`Incoming`	`Resources`	`Gains and`	`Movement`
	`resources`	`expended`	`losses`	`in funds`
	`£`	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`66,302`	`(56,867)`	`(5,023)`	`4,412`
`TOTAL FUNDS`	`66,302`	`(56,867)`	`(5,023)`	`4,412`

A current year 12 months and prior year 12 months combined position is as follows:

`Unrestricted funds` `General fund` `Restricted funds` `Designated fund` `TOTAL FUNDS`	`Net` `movement` `At 1.4.19` `in funds` `£` `£` `176,971` `(155,588)` `10,000` `-` `186,971` `(155,588)`	`Transfers` `between` `funds` `£` `10,000` `(10,000)` `-`	`At` `31.3.21` `£` `31,383` `-`
			`31,383`

continued...

Page 10

LINE DANCE FOUNDATION

`Notes to the Financial Statements - continued for the Year Ended 31 March 2021`

`8. MOVEMENT IN FUNDS - continued`

A currentyear12 monthsandprioryear12 monthscombinednet movementin funds,includedin the above are
as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`Incoming` `resources` `£` `207,876` `207,876`	`Resources` `expended` `£` `(368,422)` `(368,422)`	`Gains and` `Movement` `losses` `in funds` `£` `£` `4,958` `(155,588)` `4,958` `(155,588)`

`9. RELATED PARTY DISCLOSURES`

Duringtheyear,thecharitywaschargedmanagementandadministrationfeesof£5,827(2020:£9,426) by
Waypride Limited, a company of which Mrs E. A. Drummond is a director.

Page 11

LINE DANCE FOUNDATION

`Detailed Statement of Financial Activities for the Year Ended 31 March 2021`

	`31.3.21`	`31.3.20`
	`£`	`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Donations`	`141,574`	`38,420`
`Legacies`	`-`	`7,282`
	`141,574`	`45,702`
`Other trading activities`
`Fundraising events`	`-`	`20,600`
`Total incoming resources`	`141,574`	`66,302`
`EXPENDITURE`
`Other trading activities`
`Fundraising costs`	`-`	`7,008`
`Investment management costs`
`Investment advice`	`-`	`7,500`
`Charitable activities`
`Donations`	`13,485`	`-`
`Health grants payable`	`291,579`	`31,779`
	`305,064`	`31,779`
`Support costs`
`Management`
`Trustees expenses`	`-`	`456`
`Administration costs`	`5,827`	`9,426`
	`5,827`	`9,882`
`Governance costs`
`Legal & professional fees`	`664`	`698`
`Total resources expended`	`311,555`	`56,867`
`Net (expenditure)/income before gains and`
`losses`	`(169,981)`	`9,435`

This page does not form part of the statutory financial statements

Page 12

`LINE DANCE FOUNDATION`

`Detailed Statement of Financial Activities for the Year Ended 31 March 2021`

	`31.3.21`	`31.3.20`
	`£`	`£`
`Realised recognised gains and losses`
`Realised gains/(losses) on fixed asset investments`	`9,981`	`(5,023)`
`Net (expenditure)/income`	`(160,000)`	`4,412`

This page does not form part of the statutory financial statements

Page 13

Issuer

Issuer Butterworth Barlow Document generated Wed, 1st Sep 2021 15:49:12 UTC Document fingerprint 181008ee337ccc4da1c880d73453ef3e

Parties involved with this document

Document processed Party + Fingerprint Thu, 2nd Sep 2021 22:08:27 UTC Mrs Elizabeth Ann Drummond - Signer (b3f6df547363996cbc23cf42b18385ec) Fri, 3rd Sep 2021 8:51:25 UTC Gavin Butterworth - Signer (27e9cd41b10f33286f18a179519afb1e) Fri, 3rd Sep 2021 8:51:25 UTC Mrs Lyndsey Alexandra Naylor - Copied In (795e8e3c13c9d5e3da14cfa52d5fdc57)

Audit history log

Date Action Fri, 3rd Sep 2021 8:51:25 UTC The envelope has been signed by all parties. (81.149.92.63) Fri, 3rd Sep 2021 8:51:25 UTC Sent a copy of the envelope to Mrs Lyndsey Alexandra Naylor . (81.149.92.63) Fri, 3rd Sep 2021 8:51:25 UTC Gavin Butterworth signed the envelope. (81.149.92.63) Fri, 3rd Sep 2021 8:51:05 UTC Gavin Butterworth viewed the envelope. (81.149.92.63) Thu, 2nd Sep 2021 22:08:27 UTC Document emailed to party email (3.10.246.24) Thu, 2nd Sep 2021 22:08:27 UTC Sent the envelope to Gavin Butterworth for signing. (94.2.182.167) Thu, 2nd Sep 2021 22:08:27 UTC Mrs Elizabeth Ann Drummond signed the envelope. (94.2.182.167) Thu, 2nd Sep 2021 22:06:26 UTC Mrs Elizabeth Ann Drummond viewed the envelope. (94.2.182.167) Thu, 2nd Sep 2021 15:49:02 UTC Document emailed to party email (18.133.236.218) Thu, 2nd Sep 2021 15:49:01 UTC Sent Mrs Elizabeth Ann Drummond a reminder to sign the envelope. (3.8.173.210) Thu, 2nd Sep 2021 15:49:01 UTC The active signer will be automatically reminded. (3.8.173.210) Wed, 1st Sep 2021 15:49:23 UTC Document emailed to party email (18.168.152.62) Wed, 1st Sep 2021 15:49:14 UTC Sent the envelope to Mrs Elizabeth Ann Drummond for signing. (18.132.192.107) Wed, 1st Sep 2021 15:49:14 UTC Envelope has been set to automatically remind the active signer every 1 day(s). (18.132.192.107)

Wed, 1st Sep 2021 15:49:14 UTC

Mrs Lyndsey Alexandra Naylor has been assigned to this envelope.

Wed, 1st Sep 2021 15:49:14 UTC Wed, 1st Sep 2021 15:49:14 UTC

(18.132.192.107) Gavin Butterworth has been assigned to this envelope. (18.132.192.107) Mrs Elizabeth Ann Drummond has been assigned to this envelope.

(18.132.192.107) Wed, 1st Sep 2021 15:49:14 UTC Envelope generated. (18.132.192.107) Wed, 1st Sep 2021 15:49:14 UTC Document generated with fingerprint 181008ee337ccc4da1c880d73453ef3e. (18.132.192.107) Wed, 1st Sep 2021 15:49:12 UTC Envelope generated with fingerprint ed1cf201ea681d3462d4c1f52e78087f (52.56.255.147)