2022-03-31-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 2022`

`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 2022`

		`Page`
`Report of the Trustees`	`1`	`to`	`2`
`Independent Examiner's Report`		`3`
`Statement of Financial Activities`		`4`
`Balance Sheet`		`5`
`Notes to the Financial Statements`	`6`	`to`	`10`
`Detailed Statement of Financial Activities`		`11`

LINE DANCE FOUNDATION

Report of the Trustees
for the Year Ended 31 March 2022

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended31March2022.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

Theobjectofthecharity,asstatedinitsgoverningdocuments,is torelievepovertyorfinancialhardshipamong persons
who wholly or partlymake their living workingin the line dancingindustryand their dependantsby providingfinancial and
otherformsof supportincluding(butwithoutprejudiceto thegeneralityof theforegoing)assistinginthetreatment and
careofsuchpersonswhoaresufferingfromillnessofanydescriptionorwhoareinneedofrehabilitationasaresult 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£45,620.Grantsweremadeamountingto£50,950andthe trustees
are once again pleased to have supported a wide cross-section of the dance community, particularly those in need.

Theoverallresultfortheyearwasadeficitof£15,305.Thiswasduetoaconsciousdecisionbythetrusteesto support
those in need above the income of the charity.

Thecharityhastotalfundsof£16,078at31March2022(2021:£31,383).Therearenodesignatedfundsattheyear end
(2020: £nil).

`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.

`Risk management`

Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controlsareinplacetoprovidereasonableassuranceagainstfraudanderror.Riskmanagementisanongoing annual
process.

Page 1

LINE DANCE FOUNDATION

Report of the Trustees
for the Year Ended 31 March 2022

`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 (resigned 26.9.22)
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 06 Dec 2022

Approved by order of the board of trustees on ............................................. 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 2022.

`Responsibilities and basis of report`

As thecharity'strusteesof theCompany(andalsoitsdirectorsforthepurposesof companylaw)youareresponsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andareeligibleforindependentexamination,I reportinrespectofmyexaminationofyourcharity'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 acrossno othermattersin connectionwith the examinationto whichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Butterworth Barlow

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

Date: ............................................. 06 Dec 2022

Page 3

`LINE DANCE FOUNDATION`

`Statement of Financial Activities for the Year Ended 31 March 2022`

`Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `45,620` `EXPENDITURE ON` `Charitable activities` `Health grants payable` `50,950` `Other` `9,975` `Total` `60,925` `Net gains on investments` `-` `NET INCOME/(EXPENDITURE)` `(15,305)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `31,383` `TOTAL FUNDS CARRIED FORWARD` `16,078`	`Restricted` `fund` `£` `-` `-` `-` `-` `-` `-` `-` `-`	`31.3.22` `Total` `funds` `£` `45,620` `50,950` `9,975` `60,925` `-` `(15,305)` `31,383` `16,078`	`31.3.21` `Total` `funds` `£` `141,574` `305,064` `6,491` `311,555` `9,981` `(160,000)` `191,383` `31,383`

The notes form part of these financial statements

Page 4

`LINE DANCE FOUNDATION`

`Balance Sheet 31 March 2022`

				`31.3.22`	`31.3.21`
		`Unrestricted`	`Restricted`	`Total`	`Total`
		`fund`	`fund`	`funds`	`funds`
	`Notes`	`£`	`£`	`£`	`£`
`CURRENT ASSETS`
`Cash at bank`		`16,771`	`-`	`16,771`	`32,047`
`CREDITORS`
`Amounts falling due within one year`	`4`	`(693)`	`-`	`(693)`	`(664)`
`NET CURRENT ASSETS`		`16,078`	`-`	`16,078`	`31,383`
`TOTAL ASSETS LESS CURRENT LIABILITIES`		`16,078`	`-`	`16,078`	`31,383`
`NET ASSETS`		`16,078`	`-`	`16,078`	`31,383`
`FUNDS`	`5`
`Unrestricted funds`				`16,078`	`31,383`
`TOTAL FUNDS`				`16,078`	`31,383`

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 March 2022.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 March 2022 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.

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.

06 Dec 2022

The financialstatementswere approvedby the Boardof Trusteesandauthorisedfor issueon .............................................
and were signed on its behalf by:

E A Drummond

.............................................

Mrs E A Drummond - Trustee

The notes form part of these financial statements

Page 5

LINE DANCE FOUNDATION

Notes to the Financial Statements
for the Year Ended 31 March 2022

`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'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financialstatementshave been preparedunderthe 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 incomeis 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,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
the amountof the obligationcanbe measuredreliably.Expenditureis accountedforon 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.

Restrictedfundscanonlybe usedforparticularrestrictedpurposeswithinthe 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 6

LINE DANCE FOUNDATION

`Notes to the Financial Statements - continued for the Year Ended 31 March 2022`

`2. TRUSTEES' REMUNERATION AND BENEFITS`

There were no trustees'remunerationor otherbenefitsfor the year ended31 March2022 nor for the year ended
31 March 2021.

`Trustees' expenses`

Trustee's expenses paid in the year £184 (2021: £nil).

`3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`Unrestricted` `fund` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `141,574` `EXPENDITURE ON` `Charitable activities` `Health grants payable` `305,064` `Other` `6,491` `Total` `311,555` `Net gains on investments` `9,981` `NET INCOME/(EXPENDITURE)` `(160,000)` `Transfers between funds` `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` `-`	`Total` `funds` `£` `141,574` `305,064` `6,491` `311,555` `9,981` `(160,000)` `-` `(160,000)` `191,383` `31,383`

continued...

Page 7

LINE DANCE FOUNDATION

`Notes to the Financial Statements - continued for the Year Ended 31 March 2022`

4.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued expenses
5.
MOVEMENT IN FUNDS
At 1.4.21
£
Unrestricted funds
General fund
31,383
TOTAL FUNDS
31,383
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
45,620
TOTAL FUNDS
45,620
Comparatives for movement in funds
Net
movement
At 1.4.20
in funds
£
£
Unrestricted funds
General fund
181,383
(160,000)
Restricted funds
Designated fund
10,000
-
TOTAL FUNDS
191,383
(160,000) 31.3.22
31.3.21
£
£
693
664
Net
movement
At
in funds
31.3.22
£
£
(15,305)
16,078
(15,305)
16,078
Resources
Movement
expended
in funds
£
£
(60,925)
(15,305)
(60,925)
(15,305)
Transfers
between
At
funds
31.3.21
£
£
10,000
31,383
(10,000)
-
-
31,383

continued...

Page 8

LINE DANCE FOUNDATION

`Notes to the Financial Statements - continued for the Year Ended 31 March 2022`

`5. MOVEMENT IN FUNDS - continued`

Comparative net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
141,574
(311,555)
TOTAL FUNDS
141,574
(311,555)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.4.20
in funds
£
£
Unrestricted funds
General fund
181,383
(175,305)
Restricted funds
Designated fund
10,000
-
TOTAL FUNDS
191,383
(175,305) Gains and
Movement
losses
in funds
£
£
9,981
(160,000)
9,981
(160,000)
Transfers
between
At
funds
31.3.22
£
£
10,000
16,078
(10,000)
-
-
16,078

A currentyear12 monthsandprioryear12 monthscombinednetmovementinfunds,includedintheabove are
as follows:

	`Incoming`	`Resources`	`Gains and`	`Movement`
	`resources`	`expended`	`losses`	`in funds`
	`£`	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`187,194`	`(372,480)`	`9,981`	`(175,305)`
`TOTAL FUNDS`	`187,194`	`(372,480)`	`9,981`	`(175,305)`

continued...

Page 9

LINE DANCE FOUNDATION

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

`6. RELATED PARTY DISCLOSURES`

Duringtheyear,thecharitywaschargedmanagementandadministrationfeesof£9,115(2021:£5,827) by
Waypride Limited, a company of which Mrs E. A. Drummond is a director.

Page 10

LINE DANCE FOUNDATION

`Detailed Statement of Financial Activities for the Year Ended 31 March 2022`

	`31.3.22`	`31.3.21`
	`£`	`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Donations`	`45,620`	`141,574`
`Total incoming resources`	`45,620`	`141,574`
`EXPENDITURE`
`Charitable activities`
`Donations`	`-`	`13,485`
`Health grants payable`	`50,950`	`291,579`
	`50,950`	`305,064`
`Support costs`
`Management`
`Trustees expenses`	`184`	`-`
`Administration costs`	`9,115`	`5,827`
	`9,299`	`5,827`
`Governance costs`
`Legal & professional fees`	`676`	`664`
`Total resources expended`	`60,925`	`311,555`
`Net expenditure before gains and losses`	`(15,305)`	`(169,981)`
`Realised recognised gains and losses`
`Realised gains/(losses) on fixed asset investments`	`-`	`9,981`
`Net expenditure`	`(15,305)`	`(160,000)`

This page does not form part of the statutory financial statements

Page 11