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2023-03-31-accounts

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 2023

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 2023

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 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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

Objectives and aims

The object of the charity, as stated in its governing documents, is to relieve poverty or financial hardship among persons who wholly or partly make their living working in the line dancing industry and their dependants by providing financial and other forms of support including (but without prejudice to the generality of the foregoing) assisting in the treatment and care of such persons who are suffering from illness of any description or who are in need of rehabilitation as a result of such illness and who have fallen into poverty or financial hardship as a result of such illness.

ACHIEVEMENT AND PERFORMANCE

The statement of financial activities for the year is set out on page 4 of the financial statements. A summary of the financial results and the work of the charity is set out below.

During the period the charity received donations of £73,056. Grants were made amounting to £37,528 and the trustees are once again pleased to have supported a wide cross-section of the dance community, particularly those in need.

The overall result for the year was a surplus of £44,528.

The charity has total funds of £60,606 at 31 March 2023 (2022: £16,078). There are no designated funds at the year end (2022: £nil).

During the year, Waypride Limited went into liquidation and the charity purchased The Crystal Boot Awards for £4,000 from the liquidators. The 2023 fundraising event raised a net amount of £19,168.

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

The charity is constituted by its memorandum and articles of association dated 21 August 2014 and registered with the Charity Commissioners under charity number 1164708.

Recruitment and appointment of new trustees

The trustees select members of the trustee board and once appointed trustees serve indefinitely. No external body is entitled to appoint trustees.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Risk management is an ongoing annual process.

Page 1

LINE DANCE FOUNDATION

Report of the Trustees for the Year Ended 31 March 2023

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

09186186 (England and Wales)

Registered Charity number

1164708

Registered office

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

Trustees

Mrs E A Drummond Mr S J Healy (resigned 26.9.22) Ms A Biggs (resigned 24.5.23) Mrs M M Gallagher (appointed 14.5.23) Mrs L A Naylor (appointed 28.3.23) Mrs H O'Malley (appointed 22.3.23)

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 6 December 2023 and signed on its behalf by:

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 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with 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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Butterworth Barlow

Gavin Butterworth

Butterworth Barlow Chartered Accountants 10 Derby Street Liverpool L34 3LG

6 December 2023

Page 3

LINE DANCE FOUNDATION

Statement of Financial Activities for the Year Ended 31 March 2023

----- Start of picture text -----
31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
-
Donations and legacies 73,056 73,056 45,620
Other trading activities 2 29,546 - 29,546 -
Total 102,602 - 102,602 45,620
EXPENDITURE ON
- -
Raising funds 10,378 10,378
Charitable activities
-
Health grants payable 47,696 47,696 50,950
Other - - - 9,975
Total 58,074 - 58,074 60,925
-
NET INCOME/(EXPENDITURE) 44,528 44,528 (15,305)
RECONCILIATION OF FUNDS
-
Total funds brought forward 16,078 16,078 31,383
TOTAL FUNDS CARRIED FORWARD 60,606 - 60,606 16,078
----- End of picture text -----

The notes form part of these financial statements

Page 4

LINE DANCE FOUNDATION

Balance Sheet 31 March 2023

----- Start of picture text -----
31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
CURRENT ASSETS
Cash at bank 61,399 - 61,399 16,771
CREDITORS
Amounts falling due within one year 5 (793) - (793) (693)
NET CURRENT ASSETS 60,606 - 60,606 16,078
TOTAL ASSETS LESS CURRENT LIABILITIES 60,606 - 60,606 16,078
NET ASSETS 60,606 - 60,606 16,078
FUNDS 6
Unrestricted funds 60,606 16,078
TOTAL FUNDS 60,606 16,078
----- End of picture text -----

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 6 December 2023 and were signed on its behalf by:

EA 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 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a 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.

Restricted funds can only be used for particular restricted purposes within the objects of 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 2023

2. OTHER TRADING ACTIVITIES

----- Start of picture text -----
||| |---|---| |31.3.23|31.3.22| |£|£| |-| |Fundraising events|29,546|

----- End of picture text -----

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

Trustee's expenses paid in the year £nil (2022: £184).

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Restricted|Total| |fund|fund|funds| |£|£|£| |INCOME AND ENDOWMENTS FROM| |-| |Donations and legacies|45,620|45,620| |EXPENDITURE ON| |Charitable activities| |-| |Health grants payable|50,950|50,950| |Other|9,975|-|9,975| |Total|60,925|-|60,925| |-| |NET INCOME/(EXPENDITURE)|(15,305)|(15,305)| |RECONCILIATION OF FUNDS| |-| |Total funds brought forward|31,383|31,383| |TOTAL FUNDS CARRIED FORWARD|16,078|-|16,078|

----- End of picture text -----

continued...

Page 7

LINE DANCE FOUNDATION

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accrued expenses
6.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.22
£
16,078
16,078
Incoming
resources
£
102,602
102,602
At 1.4.21
£
31,383
31,383		 31.3.23
31.3.22
£
£
793
693
Net
movement
At
in funds
31.3.23
£
£
44,528
60,606
44,528
60,606
Resources
Movement
expended
in funds
£
£
(58,074)
44,528
(58,074)
44,528
Net
movement
At
in funds
31.3.22
£
£
(15,305)
16,078
(15,305)
16,078

continued...

Page 8

LINE DANCE FOUNDATION

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

6. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund		 Incoming
Resources
resources
expended
£
£
45,620
(60,925)		 Movement
in funds
£
(15,305)
TOTAL FUNDS 45,620
(60,925)		 (15,305)

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

At 1.4.21
£
Unrestricted funds
General fund
31,383		 Net
movement
At
in funds
31.3.23
£
£
29,223
60,606
TOTAL FUNDS
31,383		 29,223
60,606

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
148,222
148,222		 Resources
Movement
expended
in funds
£
£
(118,999)
29,223
(118,999)
29,223

continued...

Page 9

LINE DANCE FOUNDATION

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

7. RELATED PARTY DISCLOSURES

During the year, Waypride Limited went into liquidation and the charity purchased The Crystal Boot Awards for £4,000 from the liquidators. The 2023 fundraising event raised a net amount of £19,168.

Page 10

LINE DANCE FOUNDATION

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

----- Start of picture text -----
31.3.23 31.3.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 73,056 45,620
Other trading activities
-
Fundraising events 29,546
Total incoming resources 102,602 45,620
EXPENDITURE
Other trading activities
-
Fundraising costs 10,378
Charitable activities
Health grants payable 37,528 50,950
Support costs
Management
Trustees expenses - 184
Administration costs 9,462 9,115
9,462 9,299
Governance costs
Legal & professional fees 706 676
Total resources expended 58,074 60,925
Net income/(expenditure) 44,528 (15,305)
----- End of picture text -----

This page does not form part of the statutory financial statements

Page 11