SLIDE DANCE LIMITED
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE 12 MONTHS ENDED 31 AUGUST 2024
Registered Charity No.1164827 Company No. 08739193
SLIDE DANCE LIMITED
Company No. 08739193 Registered Charity No.1164827
Trustees
D Watts (Chair) M Lee A Uduehi G Akbar C Young H Bryer Z Asirifi
Registered Address:
c/o Turf Projects 46-47 Whitgift Centre CROYDON CR0 1UQ
Independent Examiner:
Jonathan Chartres FCA 31 Moor Park Road, Hereford, England, HR4 0RR
SLIDE DANCE LIMITED
| Page | |
|---|---|
| Report of the Trustees | 1 -6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10-13 |
SLIDE DANCE LIMITED
Trustees Report
The Trustees present their annual report together with the unaudited financial statements for the year ended 31st March 2024. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP), 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 trustees who held office during the year and up to the date of signature of the financial statements were as follows:
Trustees D Watts (Chair) M Lee A Uduehi G Akbar C Young H Bryer Z Asirifi
Objectives and Activities
1
SLIDE DANCE LIMITED
Trustees R8POrt
In 2023124, the Trustees felt that the purposes were best achieved by conb"nuing the core programme.
al0sIde str8ngth&ning our Infrostructure and expanding exisbng partnerships SLIDE'S (x)rÈ
pr(xJiamme consists ot
1. Creative dan for wellbeing". communty dan dasses for people of varying ages, induding
people with learning disabilities and Parkinson's diseBse.
2. Community performance groups and piojecls." adult company plus indusive projects
with a perfomiance or particular arb.slic focus
3. SLIDE Collective". Leaming disabled performers who Ix)-creale arKJ perform relax,
Interactive dance pieces and ctrfaalitate outreach workshops.
4. FUSE". An artist devglopmenl project, In partn8iship with Club Sodg and TURF Including
SoDaDa InclusNe cabaret and arts showcase, mentoring for leaming disabled individuals to
work wth professional mentors and workshops for people to collaborate, build new skills, try
new art forms.
The Ttustees have paid due regard to guidan issued by the Charity Commission In deciding which
aclivtties the charity should undertake.
Key highlights of the year.
171 in-person sessions we held. averaging 15 particpants per session.
Our work reached 722 pe¢)ple direclty through paflicyabon in workshops and projecls. Vhth a
widu ach of approximately 1.850 through carers. family rnernbers. audiences and parlners.
SknDE participated in flagship LonC Borough of Cullure events including Ihe Liberty
Fesbval. CroydoDite5 Theatre Festrval and a perfoffliance project with mtemationolty
renowned choreograkthers Requardl and Rosenbery.
SknDE led on 4 Ige scale SoDaDa events ¥471h FUSE partners hekl at Fairfiekl Hals and
Slanley Ha115
'Jack & Friends, toured to 4 Londcffj S05 was selected to lo Ihe Rural Touring D¢¢
Initi"alive lo tour Ihe UK in Autumn 2024 and Spring 2025.
Sb"DE was selected to be a lead company al Commorss. the annual dan¢e fesbval al Stanley
Arts perforniing Jack & Friend5.
SLIDE DANCE LIMITED Trustees Report Challenges this y•ar= In June 2024 the full ts'me Project Manager left. We have. lor the time being. returned to part lime produong staff, rather than retying on one full time staff member. We TMII tnonrtor this and plan according bas8d on how this n8w airangetn8nt works. SLIDE'S worl¢ Is In demarKJ and we are getting more commissions and bookings for performance pioiecls. PrQung capacrty has proven dtrricult limited core funding so additional ftjnding bids hav8 b88n and will need to be cx)tnpl8t8d. Frequ8ntly th8 cin "me allocated to projects Is undertImated by the commissioning partner, we need to be tnindful of this when taknng on or applying for new projects Th8 Cost of liwng (xsis continues to have a big itnpact on SLIDE which Ind8S high8r prUcts.0n costs. lower audience figures and volunteers. In light of this we have streamlined our activity and In December 2023 we brought our dan project for people wrth Parkinson's lo a close. Wg work1 d05ely wtth the group and supported them in taking the project forward. Given scarcrty of funding and resources we made this drfficum decision, Allowt us lo fully cOntrate our efforts on piqects for leaining disabled people. Plans for the ftrture 2024125 will b& a busy year for SLIDE as w8 build oth the legacy of the London Borough of Culture IBOCI actsvity and fulfil vanous cornmissions. Creatlve dance for wellbdng.. 1. Run Iwo weekty dan groups loi adults wlh leaining disabilities. 2. Explore more regular sessions, in holiday and term Me, lor chikdren and adutts with leaming disabilibes andloi aub"sm. Community perfomiante groups and projects: 1. Adutt perfoimance £2A0 present work al a minimum of 3 eventslfeslNaL 2. Re-launch a performan c(mpany for youThJ people 3. Continue lo develop our Stro partnership wth Club Sa and Turf Projects lo increase the options lor participatson in creative and social events lor leaming disabled people In Croydon. 4. Nurture our partnerships wlh the National Aubsbc Society, local schools and Cioydon Mencap. SLIDE Collective= 1. Continue lo develop sdos, dt5 and group pieces, presenting work al a minimum 016 evenl4lesb"vals. 2. Tour Jack & Friends across Ihg UK lo 4+ ven$ and 3+ London schods. 3. Developtnenl a mllaboralion with al least one new tnusiaan_ 4. Slrewthen the facililab.on skills ol the group so they can assist other SLIDE groups aThJ outreach sessK)n5.
SLIDE DANCE LIMITED
Trustees Report
Financial Review
General review
2023/24 saw a increase in turnover due to a number of successful fundraising bids. Support was received from National Lottery Community Fund, Arts Council England (ACE), Paul Hamlyn Foundation, City Bridge Trust and Jack Petchey Foundation.
SLiDE has made significant progress in creating a portfolio of funders. However SLiDE’s multi-year grants will all come to an end by February 2026. If the organisation is not successful in subsequent multi-year bids the amount of annual activity will need to be significantly reduced.
Current year’s results:
The total income for the year was £185,358 (2023: £154,642) which was a 20% increase on the prior financial year. The majority of this was grant income.
The total expenditure for the year was £185,059 (2023: £134,845), which was a 37% increase on the prior financial year. The majority of the spend was on facilitator and assistant fees, project management and administration
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SLIDE DANCE LIMITED Trustè•s Rèport The selVe$ policy ae0 by Ihe Twslees is lo a nlMn Mlh,$ runn9 costs unrestricted reserves. which equates to £15.c0. The reserve5 are to cover core acti¥rty in the event of perioj of UnfeSeen drfficuty such az un3ucce3sfiJl fundialg StsDE acb.wbes ale onty undertaken vthen funding 15 in place Thetefoie the reseNes would enab Ihe chanty lo run a ffinal 4 weeks of aclrvrts to wind up the charitat4e cornpany in a careful and coftsidefed way. our communrty membets and partners. The Twuslees have set a larget reserves polKy of Ihree months running cosls to be hebj in unreslncted TesetYe5. in order to increase the [alsation'S 5uslainabiltty. To increase unrestricled reseNes to the N1enlified target Ihe chanty will be seeking to increase suslanat4e mutyear funding and including a request for funders lo co¥er core costs in fuTrJing applicab.S Al 31 August 2024. urYeslrKled of £21.553 [2023". £21.2011 We hekl. SLIDE'$ e$ l1¢Y is revbewed arbj updated anNaly by Ihe Finance SubcomnNllee and aFproved by the b)ard. RiskAssessment The Tru5t885 r8gularfy 18Vl8W th8 major n5ks to which SLIDE 15 8XP058d. Wh8r8 appropriat8, PlOC8dur8S have been established to mitigate any nsks laced by the organisation Intemal control nsks are minimised through cl8ar aLrthon5ab"on procedur8s for all prqects, actwrties and finan1 transactions. Proc8duies ar8 also in pla to ensure the saleguardiw and health and safety of staff. parts'upants and visitors. ststement of Trustees'responsibilitses The Iruslees are responsible for preparing the Tmslees, Report and the finanaal statements irs accordance wth applicable law and United lQngdom Accounliw Standards (United lQ"wdorll Geneially Accepted Actx)unliw Practi) including FRS 102'The Finanaal Reporting Standard applicable in the UK arKI Republic of Ireland.. Cclnpany law requires trustees lo prepare finanaal stslemenls for each financial year which gwe a true aNJ fair view of the slate of affairs of the chaiitable cornpany and of the Incoming [oUrCeS atKJ application of resour5, induding the Income and expendrture, of the charrtable company for that peri(xl. In prepaiing the financial slalemenls, the trustees are required lo". select suitable accounting wliaes and then appty them consislenlly observe the melh(KJs and prinaples in the Chariknes SORP make iudgetnents and esb"males that are reasonab and piudenl slate whether appliG4ble UK Accounting Standards have been followed, subject lo any malenal departures disclosed and explained In the financial slalements prepare the finanoal statements on the going concem basis Un$S rt is inappropnale lo presume that the chariloble cotnpony wll conb"True ITh busine5S.
SLIDE DANCE LIMITED Trustees Report The Trustees are responsible for keeping adequate accounlirwJ iecords that disclose %wth reasonable accuracy al any lime the finala1 poglion of the chanty and enable them lo ensure that the finawal slatemants comply wth the compan Act 2(. They are also r8spon&ble for safeguarding the assets of the charty and hen for takn.ng reasonable steps for the preVentn a1 dettn of fraud and other irregularities. So far as each Tnjslee is avrdre, there s no vant InformalK)n (infoffl"O neth by the charrty's ifmjependenl ex8ffliners in corbfbeclion prepanng tr1 rgP(Ktl of whK the chanty's examine[5 ar8 unaware., and each director has taken all Ihe steps that they ought lo have taken as a direclor In order lo make Ih8mselves aware of any relevant Infonnalion aThJ lo eSlIsh Ihat the chanty's examiners are aware of thal Inf0Mln and Io 8Statltsh that charty's exanyners are aware of that lnf0rnab.. Ind•pend•nt Ex•rnSner• Fr85h Eyes Fin8nc8 w8r8 appointed as Indwothnt Exorninws the y•w •nd havg OXWo98ad thdr w111n+S$ to Conrut kn that cap8t4ty. Th• above report has be•ft pr•parnd ac¢cdanc• w*h thè sp•d•l pmlglons of s•cOon 419(21 of th• Companles Act 2006 relating to smal compan5 Twstees have cory11 wlth thelr duty kn sedon 17 ofthg Charkn Ad 2011 to havo rogard to th8 publlc b•nefft guhlanc• publ8h•d by th• Ch•thl•s Comml8s1on. Dal• apry0d by th• Board on 1FJOff2025 $ld on b•h411 ofth• Bo•fd". Tru•t••- D Watt•
SLIDE DANCE LIMITED
Independent Examiners Report
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024
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:
-
the accounts do not accord with those records; or
-
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
-
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 Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102).
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.
Jon Chartres
31 Moor Park Road, Hereford, England, HR4 0RR
7
SLIDE DANCE LIMITED
Statement of Financial Activities
| Note Income from: Donations & legacies 2 Total Income Expenditure on: Charitable activities Total Expenditure Net Income Transfers between funds Net movement in funds Fund balances at 31st August 2023 Fund balances at 31st August 2024 |
Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 19,617 165,741 185,358 154,642 |
|---|---|
| 19,617 165,741 185,358 154,642 (19,265) (165,793) (185,058) (134,845) |
|
| (19,265) (165,793) (185,058) (134,845) |
|
| 352 (52) 300 19,797 |
|
| - - - - |
|
| 352 (52) 300 19,797 21,201 77,119 98,320 78,523 |
|
| 21,553 77,067 98,620 98,320 |
All disclosures relate only to continuing operations.
There are no recognised gains or losses other than the net incoming resources for the year.
8
SLIDE DANCE LIMITED
Balance Sheet as at 31 August 2024
| Note £ £ Fixed Assets Tangible assets - CURRENT ASSETS Debtors 2,093 Prepayments and Accrued Income - Cash on short term deposit at bank and in hand 101,870 103,963 CREDITORS:Amounts falling due within one year (5,343) 98,620 TOTAL ASSETS LESS CURRENT LIABILITIES 98,620 TOTAL NET ASSETS 98,620 Charity Funds Restricted Funds 77,067 Unrestricted Funds 21,553 TOTAL FUNDS 98,620 2024 |
£ £ - 5,090 99,608 104,698 (6,378) 98,320 98,320 98,320 77,119 21,201 98,320 2023 |
£ £ - 5,090 99,608 104,698 (6,378) 98,320 98,320 98,320 77,119 21,201 98,320 2023 |
|---|---|---|
| 98,320 | ||
| 98,320 | ||
| 77,119 21,201 |
||
| 98,320 |
For the year ended 31st August 2024 the charity was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statement were approved by the Trustees and authorised for issue on signed on their behalf by:
and were
Trustee – D Watts
Company registration number - 08739193 (England & Wales)
9
SLIDE DANCE LIMITED
Notes to the Financial Statements
1. ACCOUNTING POLICIES
Company information
Slide is a private company limited by guarantee incorporated in England and Wales.
The address of the registered office is C/O Turf Projects, 46-47 Whitgift Centre, Croydon CR0 1UQ
1.1 Accounting convention
Basis of Preparation
The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), published in January 2019. The Charitable Company is a public benefit entity for the purposes of FRS 102 and therefore the charity also prepared its financial statements in accordance with the 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 (The FRS 102 Charities SORP published in January 2019), the Companies Act 2006 and the Charities Act 2011.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.
On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
1.3 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of the direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the assets used.
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SLIDE DANCE LIMITED
Notes to the Financial Statements
1. ACCOUNTING POLICIES (continued)
Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Support costs are allocated on a percentage basis as detailed in note 7.
Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
1.5 Tangible Fixed Assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings Straight line over 5 years Motor Vehicles Straight line over 5 years Equipment Straight line over 10 years
1.6 Interest Receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.
1.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.8 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation.
1.10 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
11
SLIDE DANCE LIMITED
Notes to the Financial Statements
1. ACCOUNTING POLICIES (continued)
1.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
2. Income from donations and legacies
| ncome from donations and legacies | |
|---|---|
| Grant Income Other donations Total grants |
Unrestricted Restricted Total Total funds funds funds funds 2024 2024 2024 2023 £ £ £ £ 19,618 165,741 185,359 154,361 281 |
| 19,618 165,741 185,359 154,642 |
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SLIDE DANCE LIMITED
Notes to the Financial Statements
| 3. Statement of funds - current year Designated funds Designated minimum reserve Designated artistic reserve General Funds General funds Total unrestricted funds Restricted funds Paul Hamlyn Foundation City Bridge Trust Jack Petchey- Achievers Garfield Weston National Lottery Croydon Relief in Need Postcode Society Trust Sport England ACE: SOAR Foyle Croydon Council Total restricted funds Total of funds |
Balance at Transfers Balance at 01/09/2023 Income Expenditure in/out 31/08/2024 £ £ £ £ £ - - - - - - - - - - |
|---|---|
| - - - - - 21,201 19,618 (19,265) 21,554 |
|
| 21,201 19,618 (19,265) - 21,554 |
|
| 21,201 19,618 (19,265) - 21,554 |
|
| - - - - 7,564 19,956 (19,956) 7,564 8,029 10,000 (10,000) 8,029 257 2,217 (2,217) 257 10,000 10,000 (10,000) 10,000 50,675 64,796 (64,496) 50,975 352 (352) - 242 10,000 (10,000) 242 10,628 (10,628) - 26,235 (26,235) - 10,000 (10,000) - 1,909 (1,909) - - |
|
| 77,119 165,741 (165,793) - 77,067 |
|
| 98,320 185,359 (185,058) - 98,621 |
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