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2021-09-30-accounts

FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE) Trading as People Dancing

30 SEPTEMBER 2021

FOUNDATION FOR COMMUNITY DANCE

COMPANY INFORMATION

AT 30 SEPTEMBER 2021

Incorporated: in England on 22 August 1989 Company Number: 2415458 Registered Charity Number: 328392 Board: Anand Bhatt BEM Paul Kaynes (Co-Vice Chair) Dr Gillie Kleiman Carolyn Lappin (Co-Vice Chair) Dr Kate Marsh Louise Marshall Dr Ruth Pethybridge Dylan Quinn (Co-Vice Chair) Iona Waite Ruby Wolk Catherine Young Secretary: Christopher Stenton (Executive Director & Chief Executive) Registered Office: LCB Depot 31 Rutland Street, Leicester, LE1 1RE Bankers: Bank of Scotland 8 Humberstone Gate, Leicester, LE1 3PH Co-operative Bank 77-79 Market Place, Leicester, LE1 5EN Solicitors: Russell Cooke LLP 2 Putney Hill, London, SW15 6AB Auditors: PWH Accountancy Limited The Counting House, High Street Lutterworth, Leicestershire, LE17 4AY

Page 1

FOUNDATION FOR COMMUNITY DANCE DIRECTORS AND TRUSTEES REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2021

1. The Board

Anand Bhatt BEM Scilla Dyke MBE (Chair, until date of resignation) [Resigned 17 February 2021] Paul Kaynes (Co-Vice Chair) Dr Gillie Kleiman Carolyn Lappin (Co-Vice Chair) Dr Kate Marsh [resigned 10 November 2021] Louise Marshall Dr Ruth Pethybridge Dylan Quinn (Co-Vice Chair) Dr Sue Smith (Chair, from date of appointment) [Appointed 20 October 2021] Iona Waite Ruby Wolk Catherine Young

2. Principal Activities

The Company is a Registered Charity and its principal object, as detailed in the Memorandum and Articles of Association, continued to be the public advancement of education in dance and other related arts. The Charity meets its principal objective, and duty under section 4 of the Charities Act 2011, through a programme of open-access and public-facing programmes that increase inclusion and participation in dance by everyone; and by supporting, through information and knowledge exchange, the people and organisations that deliver local dance activities to ensure their public provision is safe and of high quality.

3. Responsibilities of the Board

Company law requires the members of the Board to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the Company. In preparing those financial statements the Board is required to select suitable accounting policies and apply them consistently, make judgments and estimates that are reasonable and prudent, ensure that applicable accounting standards have been followed and prepare the financial statements on the going concern basis unless it is appropriate to presume that the Company will not continue in operation. The Board is satisfied that it has adequate resources to continue in operation for the foreseeable future. The Board has taken reasonable steps to:

Page 2

FOUNDATION FOR COMMUNITY DANCE DIRECTORS AND TRUSTEES REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2021 [continued]

4. Internal Financial Control

The key elements of the company’s financial control include the following:

Legal Structure: The Foundation for Community Dance is a company limited by guarantee and a registered charity. There are currently 11 members who guarantee £1 each. The Directors and Trustees, all of whom are members, can be found listed on page one.

5. Structure, Governance and Management

The Board holds quarterly meetings, together with development sessions and away-days as appropriate. There is one standing Committee of the Board – the Finance and Governance Committee – with a specific brief to oversee financial, personnel and other operational matters. This Committee meets at least four times each year and reports directly to the Board, including the recommendation of approval of management accounts and statutory accounts. Other time-limited working groups are established according to need with a brief to support or advise on aspects of the organisation’s programme and to which in, additional to board members, people external to the Board may be invited to join. The Board, its committees and working groups are all subject to agreed Terms of Reference.

The primary responsibility for the company is vested in the Board but day-to-day management and Chief Executive functions are delegated to the Executive Director. The Board agrees policy, development strategies and plans, overarching programmes and budgets. The Board develop these with the Executive Team and reviews the implementation and effectiveness of these decisions.

The Board devolves day-to-day responsibility for financial management and control to the Executive Director and Executive Team, and they implement systems together with reporting and planning mechanisms set by the Board (see 4, above). Management accounts are produced monthly, on an actual/forecast basis, and formally reported to the Board quarterly following detailed scrutiny by the Finance & Governance Committee. Bank reconciliations are carried out weekly. All outgoing payments are subject to a two-stage approval process, and when cheques are issued two signatures are required.

The Board leads the recruitment and selection of the Executive Director; supports the Executive Director in the recruitment and selection of the Executive Team; and agrees the establishment of new permanent posts or of material changes made to existing permanent posts. The Executive Team are responsible for recruitment of all other existing permanent posts, and of fixed-term project staff where the cost is included within approved project budgets. The Board review remuneration arrangements annually as part of the annual, and longer-term, budget setting process.

The Board undertakes team and skills development. New members receive an induction and written guidance e.g. Terms of Reference for Board Members and Committees, and materials from the Charity Commission and Companies House. Where specific needs are identified, training support is provided. The Board undertakes a periodic audit of current skills, knowledge and experience regularly.

Page 3

FOUNDATION FOR COMMUNITY DANCE

DIRECTORS AND TRUSTEES REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2021 [continued]

Appointments to the Board: The Board reviews recruitment and retention annually. The Chair and Vice Chair(s) are nominated and appointed by the Board from within their own number. Where vacancies arise or are anticipated, the Board appoints a task group to consider proposals from existing Board members and the Executive Team, and considers what external recruitment should be undertaken, and the appropriate process for this. Appointments are made for a term of up to six years.

Reserves Policy: The Board forecast that levels of unrestricted reserves held in the general fund are sufficient in the short-term but and that an available reserve of at least £90,000 is appropriate at the current time. The company is on target to achieve this by September 2022 through annual business plan targets and budgeting for an annual operating surplus in the general fund. The Finance & Governance Committee will review the Reserves Policy and make recommendation to the Board for adoption from October 2022.

At the 2020/21 period end, in addition to Restricted Reserve funds of £108,574, there was a surplus in total Unrestricted Funds of £88,286 (£62,620 at 30 September 2020). This includes a Capital and Premises Designated Reserve of £2,189. No funds are in deficit.

Risk Management: The Board reviewed and assessed major financial and operational risks, including legislative, structural, and environmental changes to which the charity might be exposed, and the ongoing disruption and risk potential of the Covid-19 pandemic. They are satisfied that systems and procedures are in place, both to limit exposure to these risks and, where exposure could exist, be able to manage this in a safe, informed, and responsible manner. An open and receptive approach to solving risk problems is adopted by the Board and Executive Team. A rolling Development Plan is updated annually and sets out strategic objectives, against which the Board reviews progress and risk quarterly.

Financial Results: These accounts report on 12 months from 1 October 2020 to 30 September 2021. Comparative figures shown in these accounts are for the 12-month period 1 October 2019 – 30 September 2020. Our income for the period was £578,963 [£512,925 in 2020] and expenditure £492,523 [£510,870 in 2020]. The financial turnover of the organisation is subject to annual fluctuations, which reflect programmes and activities in any given year. Legally required shutdowns in the economy and social distancing measures, as a result of the Covid-19 pandemic, continued to negatively affect unrestricted earned income streams in the year prior to May 2021. The financial impacts of this were mitigated using a budget contingency, short-term savings on operations and programmes and a grant of £71,000 from the Culture Recovery Fund received in October 2020. This grant supported the organisation’s financial sustainability during this exceptional year and included the sum of £15,000 to increase general reserves as an additional bolster for the organisation’s ability to manage unknown financial impacts of unexpected circumstances. This grant also enabled development and planning work to be undertaken to help ensure the business model is fit for purpose in the new operating environment.

We ended the year 2021 with an operating surplus of £86,440, of which £25,666 is unrestricted and £60,774 is restricted [£2,055 unrestricted surplus in 2020]. An analysis of reserves is shown in Note 10 to the accounts. A breakdown of expenditure is given in Note 5. Cash flow remained comfortable throughout the year, and there were no exceptional circumstances other than those associated with the Covid-19 pandemic, described above, that affected the final outturn for 2021.

Funds available: The Board is optimistic about the financial security of the Company, considers its financial position to be satisfactory and believes that present levels of funding are adequate to support its principal charitable objects. An extension to National Portfolio Funding (NPO) from Arts Council England to March 2023 was secured, with unrestricted funds offered of £193,593 for this period. A significant project grant of £475,000 received from the National Lottery Community Fund continues to support the organisation’s health and wellbeing work until March 2024.

Page 4

FOUNDATION FOR COMMUNITY DANCE DIRECTORS AND TRUSTEES REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2021 [continued]

6. Review of the Year’s Activities

The Foundation for Community Dance (trading as People Dancing) has a vision of a world where dance makes a positive difference. Its mission is to make engagement with dance important and relevant to individuals, communities and society.

The organisation’s work helps to provide leadership for and within community and participatory dance in England, the UK and beyond. Development activities undertaken and services provided in the year focused on driving up quality through excellent and inclusive dance practices, increasing diversity through reaching new audiences and participants, and striving for increased sustainability of the organisation. Work is underpinned by values defining how we work:

The Board-approved Development Plan is reviewed annually. This plan sets out the three Strategic Aims that form the basis for delivering activities and services, and undertaking fundraising and organisational development:

1. Take a strategic overview and have UK-wide and international reach, acting as a driving force in developing excellence, nurturing talent and strengthening resilience, and ensuring provision and practice is networked and fit for purpose:

The arts sector continued to experience considerable disruption because of the Pandemic, and indeed in-person dance activity was not legally allowed for a good proportion of 2020/21. The economic impact on the organisation’s users and beneficiaries – dancers, teaching artists, community practitioners and arts organisations - was severe, with much dance activity ceasing or moving to free of charge online activities prior to May 2021.

Supporting our users though this time, as in 2020, continued to be the focus of our work. This included providing guidance about the implications of social distancing and social gathering measures and producing detailed materials about Covid-secure risk assessments. The organisation continued to deliver its training programme, information, and membership services online to offer increased support to dancers, teaching artists and practitioners working in and with communities. There were: 779 attendances and 4,689 engagements with our programme of 51 digital events and networks, Perspectives on Practice, and other online learning opportunities; 98,000 website users and 18,000 followers on social media. Access to events was free of charge for members.

We continued to increase digital reach through a website, blogs, social media platforms, e- newsletters and publishing. Pioneering online programmes that enable people to learn at their own pace helped to improve accessibility and affordability through digital technologies. Targeted publications continued to promote excellence in community dance by culturally diverse dance artists, promoting inclusion, diversity and quality in community dance. Extensive international connections provided broader context and opportunities for critical debate.

The organisation continued to offer flexibility around membership renewals, and operated generously with the provision of information, guidance, and signposts to sources of support. We continued to provide membership services to enable dance artists and practitioner to work safely with public, including a safeguarding and Disclosure and Barring Service, updated to reflect safeguarding in online provision. It is notable that, as recovery from the Pandemic continues, the organisation’s level of membership in September 2021 exceeded pre-pandemic levels.

Page 5

FOUNDATION FOR COMMUNITY DANCE DIRECTORS AND TRUSTEES REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2021 [continued]

Work continued to establish an Awarding Organisation, named Participatory Arts Qualifications (PAQ), and through this offer nationally recognised qualifications for dance artists and leaders. This significant undertaking has been steered by the Board Working Group established to support this development, which included analysis of different legal models for the organisation, and risk management issues. The result of this work will be felt in 2022 by both beneficiaries and organisation: PAQ will be established legally as a wholly owned subsidiary of Foundation for Community Dance, with an application to Ofqual for recognition. Profits of PAQ will be transferred to the parent charity using the Gift Aid scheme.

2. Develop and sustain strategic alliances and partnerships to create new opportunities for individuals and communities to participate:

Networks - including the Early Years Dance Network, to better support and engage artists and practitioners working in dance with young children and their families/carers, and the 11 Million Reasons to Dance Network continued to provide a national focus for artists and organisations committed to inclusive practice and better serving disabled people as participants and audience members.

Advocacy and representation – we were an active member of: ArtWorks Alliance, the UK-wide network for participatory arts; a Strategic Alliance Member of the Culture, Health and Wellbeing Alliance; a partner in the MARCH Mental Health Network; and a member of the UK Dance Network.

Continued leadership of Live Well & Dance with Parkinson’s – this National Lottery Community Fund funded programme is built around local delivery partnerships and national strategic partnerships of 46 organisations and activists. It aims to increase provision, improve quality, and identify a diversity of approaches to developing this work and the conditions of success required to scale up.

We were thrilled to work with a consortium of Welsh partners to deliver 11 Million Reasons to Dance: Cymru a strategic programme of activity that supported the development of inclusive dance practice, with funding from Arts Council Wales. The project also supported four creative projects working with disabled participants in communities across Wales. Project participants worked with internationally renowned photographer Philip Hatcher-Moore and took part in a photography shoot that launched a brand-new bilingual Welsh photography exhibition available online.

Partners for change - we worked collaboratively with a diversity of organisations in dance, the arts and education to effect positive change and help achieve greater equality, equity and inclusion. Examples include Dance Umbrella, One Dance UK, Sound Sense, Serendipity, Curve Theatre, Dance Base, Rubicon Dance/Wales-Wide Training Programme, English National Ballet, Protein Dance, Safe in Dance International, Urban Playground, Attenborough Arts, Artis Community, Dawns I Bawb, Impelo, New Dance, Mark Morris Dance Group/Dance for PD, English Folk Dance and Song Society, Para Dance UK and De Montfort University.

3. Build organisational capacity, resources and resilience, including digital knowledge and innovation, through the critical contribution of staff whilst remaining true to Vision, Mission and Values:

The organisation remained a National Portfolio Organisation (NPO) of Arts Council England, with a four-year funding agreement from 1 April 2018 that provided £193,593 in unrestricted funding extended to March 2023 as the result of the Pandemic. This funding enables the organisation to deliver agreed work, supports plans for additional fundraising and organisational development activities that contribute to ongoing organisational stability and sustainability.

Page 6

FOUNDATION FOR COMMUNITY DANCE DIRECTORS AND TRUSTEES REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2021 [continued]

The Board met five times and the Finance and Governance Committee met four times in the year. Policies and procedures were reviewed as needed by the Board in the year and updated where required. Robust reporting to the Board about risk identification and mitigation was implemented in the year. Progress against the business plan was monitored with regular updates provided for the Board. Risk Register is maintained and updated regularly. Whilst new short-term risks and disruption associated with Covid-19 continued, no other material or longer-term increases in risk were identified in the year

The organisation offers sincere thanks to Scilla Dyke MBE, Chair or the Board, for providing inspirational leadership to the Board and staff during a time of unprecedented challenges. Scilla stepped down from the Board in February 2021 and accepted the Board’s invitation to become a Patron of the organisation. Recruitment for a new Chair commenced in April 2021, through an open application process. The Board were delighted to appointed Sue Smith as Chair at the AGM in October 2021.

The Executive Team is led by the Executive Director and includes the posts of Director of Learning, Director of Engagement, Director of Live Well & Dance, and Operations Director. Together they provide effective artistic and organisational leadership, enabling the organisation to better meet ambitions for diversity within activities and services. The capacity and oversight provided by the Executive Team has positively supported growth and development priorities. Professional development and training opportunities are offered to and taken up by all staff within the organisation.

Continued self-evaluation reassured us that programmes remained of high quality, we understand user needs, and that provision meets need. Data provided a range of intelligence and statistical information to aid planning and to help ensure relevance. We remain committed to reducing our carbon footprint and environmental impact in office-based and programme activities.

The organisation’s Equality Action Plan is reviewed regularly by the Board to reflect current contexts, organisational ambitions, evaluation and data collection. The organisation’s ethos and work are rooted in an understanding of equality based on diverse cultures and communities within a modern British context and their engagement with dance. Alongside this the organisation works with knowledge of legislative frameworks as they relate to equality issues and protected characteristics.

The Pandemic affected both core income from membership fees and professional development course fees. As described above in section 5, Financial Result, the organisation was able to manage these impacts through temporary budget adjustments and cost savings and accessing available support together including a grant from the Culture Recovery Fund, meaning the organisation was able to maintain financial stability as recovery from the pandemic unfolds.

Membership, services and training programmes generated income of £139,776 of turnover (£171,778 / 34% in 2020), unrestricted grant funding of £264,593 (£203,593 in 2020) and restricted grant funding of £158,285 (£97,964 in 2020). Grant funding was received from Arts Council England, Arts Council Wales and the National Lottery Community Fund.

Looking to the future, the organisation’s refreshed Development Plan will guide the organisation forward, support organisational recovery from Covid-19, and enable progression of its charitable objectives of public advancement in the art of dance.

By Order of The Board C Stenton, Secretary

18 August 2022

Page 7

FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE)

STATEMENT OF THE BOARD’S RESPONSIBILITIES

Company law requires the Board to prepare financial statements for each financial year and to be satisfied that the financial statements give a true and fair view. Under that law the Board have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the Board is required to:

The Board is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Board is responsible for the maintenance and integrity of the corporate and financial information included on the company’s website.

Directors:

C Lappin, 18 August 2022

P Kaynes, 18 August 2022

Page 8

PWH Accountancy Ltd Chartered Accountants Statutory Auditors The Counting House, High Street Lutterworth, Leicestershire LE17 4AY

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF THE FOUNDATION FOR COMMUNITY DANCE LIMITED

We have audited the financial statements of The Foundation for Community Dance Limited for the year 30 September 2021 which comprise the Statement of Financial Position, the Statement of Income and Expenditure, Statement of Changes in Equity and the related notes.

Significant accounting policies

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and FRS 102 which is the Financial Reporting Standard applicable to United Kingdom and Republic of Ireland.

Information and judgements

Information and judgements that the Foundation has applied in preparing these accounts are based on the carrying amounts of all income, expenses, assets and liabilities as at the end of the financial year subject to any adjustments mentioned in the accounts and in the notes and disclosures to the accounts

Estimation Techniques

There were no assumptions made concerning the future or estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Apart from this, there is nothing to report under FRS 102 section 8.7.

This report is made solely to the Foundation’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Foundation’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Foundation and the Foundation’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of the trustees and auditors

As explained more fully in the Trustees’ Responsibilities Statement set out on page 9, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Our responsibility is to audit and express opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). These standards require us to comply with the Auditing Practices Board’s (APB’s) Ethical Standards for Auditors.

Scope of the audit of the financial statements

A description of the scope of an audit of financial statements is provided on the APB’s website at www.frc.org.uk/apb/scope/private.cfm

Continued….

Page 9

PWH Accountancy Limited Chartered Accountants The Counting House, High Street Lutterworth Leics LE17 4AY

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF THE FOUNDATION FOR COMMUNITY DANCE LIMITED

Continued…

Opinion

In our opinion the financial statements

Opinion on other matters prescribed by the Companies Act 2016

In our opinion the information given in the Trustees’ Report for the financial year for which the financial statements are prepared is consistent with the accounts

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act requires us to report to you if, in our opinion:

Roger A Platt FCA Senior Statutory Auditor For and on behalf of PWH Accountancy Ltd Statutory Auditors The Counting House High Street Lutterworth Leicestershire LE17 4AY 18 August 2022

Page 10

THE FOUNDATION FOR COMMUNITY DANCE (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 SEPTEMBER 2021

Note Restricted Unrestricted Total 2021 2020

Incoming resources

Arts Council England: National Portfolio Organisation grant
Arts Council England: Culture Recovery Fund
Arts Council Wales
National Lottery Community Fund
Leicester City Council
The Meadowbrook Trust
Parkinson's Equip
Earned income from charitable activities
Covid Job Retention Scheme
Donations
Other income
Management transfers
TOTAL
Resources expended
Charitable activities
5
Staff costs
5
Overheads and administration
5
Governance and Board costs
5
Capital depreciation
5
Bad debts and accounting adjustments
5
Marketing, communications and access
5
Organisation and development
5
Total resources expended
Surplus for the period
Balance brought forward
Balance carried forward		 -
193,593
193,593
-
71,000
71,000
14,985
-
14,985
142,500
-
142,500
-
-
-
-
-
-
-
-
-
157,485
264,593
422,078
-
139,776
139,776
-
-
-
800
912
1,712
-
-
-
-
15,397
15,397
158,285
420,678
578,963
97,511
89,032
186,543
-
241,594
241,594
-
41,073
41,073
-
-
-
-
2,021
2,021
-
196
196
-
6,628
6,628
-
14,468
14,468
97,511
395,012
492,523
60,774
25,666
86,440
47,800
62,620
110,420
108,574
88,286
196,860		 193,593
-
10,579
80,000
10,000
3,135
4,250
301,557
171,778
18,134
2,297
-
19,159
512,925
191,850
271,296
33,899
2,804
812
487
8,222
1,500
510,870
2,055
108,365
110,420

None of the company's activities were acquired or discontinued during the financial periods reported on above.

A Statement of Funds is shown in Note 10 to these financial statements.

Page 11

THE FOUNDATION FOR COMMUNITY DANCE (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL POSITION YEAR ENDED 30 SEPTEMBER 2021

Note
ASSETS
Cash, cash equivalents and liquid assets:
Bank current accounts
Cash in hand
Total cash, cash equivalents and liquid assets
Tangible fixed assets
Fixtures, fittings and equipment
6
Receivables
Grant debtors
7
Other receivables
7
Total receivables
Prepayments and accrued income
Prepayments and other debtors
7
Accrued income
7
Total prepayments and other income
Total Assets
LIABILITIES
Payables
Trade creditors
Taxation and social security
Accruals
Deferred income
Retained earnings
Accumulated reserve
10
Restricted reserves
10
Total retrained earnings
Total Liabilities		 £
£
147,490
47
147,537
7,120
46,024
13,075
59,099
4,573
-
4,573
218,329
10,957
277
10,235
-
21,469
88,286
108,574
196,860
218,329
2021		 £
£
64,559
53
64,612
4,174
47,524
13,425
60,949
17,015
-
17,015
146,750
12,336
20,009
3,985
-
36,330
62,620
47,800
110,420
146,750
2020		 £
£
64,559
53
64,612
4,174
47,524
13,425
60,949
17,015
-
17,015
146,750
12,336
20,009
3,985
-
36,330
62,620
47,800
110,420
146,750
2020
146,750

The accounts have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small com

These financial statements were approved and authorised for issue by the Board on 18 August 2022.

............................................................................. 18 August 2022

Board Members

............................................................................. 18 August 2022

Page12

THE FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

1 Company Status

The company is limited by guarantee and has no share capital. The liability of each member is limited to £1.

2 Accounting Policies

a Basis of Accounting

The financial statements have been prepared under the historic cost accounting rules in accordance with FRS 102, and the Companies Act 2006 and follow the recommendations in Accounting and Reporting by Charities - Statement of Recommended Practice [2015]. Applicable accounting standards have been followed.

b Tangible Fixed Assets

Depreciation has been provided by the company to write off the cost or valuation less the estimated residual value of tangible fixed assets by equal instalments over their useful economic lives, as follows: -

Computer and office equipment - three years

c

Fu nd 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 charity 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 charity for particular purposes. The cost 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.

c Incoming Resources

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified, and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Page 13

THE FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

2 Accounting Policies (continued)

d Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resources. Premises overheads have been allocated on a floor area basis and other overheads have been allocated on the basis of the head count.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements

3 Corporation Tax

The company is a Registered Charity and, as such, is exempt from corporation tax. Accordingly, no provision has been made for corporation tax.

4

Surplus on Ordinary Activities 2021 2020
is stated after charging: - £ £
Trustees’ remuneration - -
Directors’ remuneration - -
Auditors' remuneration 3,250 3,000
Depreciation 2,021 812
Rents payable under operating leases 7,825 7,825
====== ======

Page 14

THE FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

5 Resources expended

Incoming resources
Grant donated income
Arts Council England: National Portfolio Organisation grant
Arts Council England: Culture Recovery Fund
Arts Council Wales
National Lottery Community Fund
Leicester City Council
The Meadowbrook Trust
Parkinson's Equip
The Baring Foundation
Earned income from charitable activities
Covid Job Retention Scheme
Donations
Other income
Management transfers
Bank interest
TOTAL
Resources expended
Charitable acivities
Safeguarding and civil liability insurances
Short courses & training programmes
Animated magazine
Artwork Alliance
Living Well with Parkinsons
11 Million Reasons to Dance
Online learning
Early Years Dance
Staff costs
Core salaries
Staff travel expenses
Pension contributions
Overheads & administration
Premises costs (rent, rates, heat & light)
Other staff costs
Banking and payment processing charges
Printing, postage & stationery
Other office running costs
Professional fees
Auditors remuneration
Resources expended c/fwd		 Restricted
Unrestricted
Total 2021
£
£
£
-
193,593
193,593
-
71,000
71,000
14,985
-
14,985
142,500
-
142,500
-
-
-
-
-
-
-
-
-
-
-
-
157,485
264,593
422,078
-
139,776
139,776
-
-
-
800
912
1,712
-
-
-
-
15,397
15,397
-
-
-
158,285
420,678
578,963
-
58,472
58,472
-
10,903
10,903
-
900
900
-
9,309
9,309
80,253
-
80,253
17,258
-
17,258
-
5,108
5,108
-
4,340
4,340
97,511
89,032
186,543
-
235,423
235,423
-
-
-
-
6,171
6,171
-
241,594
241,594
-
16,861
16,861
-
1,262
1,262
-
5,277
5,277
-
8,995
8,995
-
3,352
3,352
-
2,076
2,076
-
3,250
3,250
-
41,073
41,073
97,511
371,699
469,210		 2020
£
193,593
-
10,579
80,000
10,000
3,135
4,250
-
301,557
171,778
18,134
2,297
1
19,159
-
512,926
65,342
14,241
7,860
13,275
82,525
3,198
-
5,409
191,850
254,752
9,908
6,636
271,296
12,865
-
5,965
10,129
1,940
-
3,000
33,899
497,045

Page 15

THE FOUNDATION FOR COMMUNITY DANCE (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

5 Resources expended (continued)

5 Resources expended (continued)
Resources expended b/fwd
Governance & Board costs
Travel expenses paid to Trustees
Other Board costs
Capital depreciation
Bad debts and other write-offs
Marketing, communications & access
Design, print & distribution
Access costs
Organisational development
Staff training & development costs
Board Retreat costs
Total resources expended		 Restricted
Unrestricted
Total 2021
£
£
£
97,511
371,699
469,210
-
-
-
-
-
-
-
-
-
-
2,021
2,021
-
196
196
-
5,803
5,803
-
825
825
-
6,628
6,628
-
14,468
14,468
-
-
-
-
14,468
14,468
97,511
395,012
492,523		 2020
£
497,045
2,085
719
2,804
812
486
8,138
84
8,222
1,500
-
1,500
510,869

No member of staff received emoluments in excess of £60,000 (2020 £60,000).

Page 16

THE FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

(Continued)

YEAR ENDED 30 SEPTEMBER 2021

6 Tangible Fixed Assets
Equipment
£
Cost
As at 1 October 2020 66,771
Additions during the year 4,967
______
As at 30 September 2021 71,738
======
Accumulated Depreciation
As at 1 October 2020 62,597
Charge for the year 2,021
______
As at 30 September 2021 64,618
======
Net Book Value
As at 30 September 2021 7,120
=====
As at 30 September 2020 4,174
=====

Page 17

THE FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

(Continued)

YEAR ENDED 30 SEPTEMBER 2021

7 Debtors 2021 2020
£ £
Receivables and grant debtors 59,099 60,949
Other debtors 2,424 9,976
Prepayments - 4,891
Tenancy deposit 2,148 2,148
______ ______
` 63,671 77,964
====== =====

8 Holiday pay accruals

The company’s holiday period runs from 1[st] October to 30[th] September. The holiday pay accrual is zero.

9 Lease Commitments

Annual commitments under non-cancellable operating leases are as follows: -

2021 2020
£ £
Operating leases which expire within one year
land and buildings 2,022 2,022
====== ======

Page 18

THE FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

(Continued)

YEAR ENDED 30 SEPTEMBER 2021

10. Statement of Funds

Unrestricted funds
Designated funds (Capital and premises)
Total unrestricted funds
Restricted funds
Live Well and Dance for Parkinson's Partnership
11 Million Reasons to Dance: Cymru (Arts Council Wales)
Other restricted funds
Total restricted funds		 B/Fwd
Incoming Outgoing
Transfer
C/Fwd
60,431
420,678
395,012
-
86,097
2,189
-
-
2,189
62,620
420,678
395,012
-
88,286
46,300
142,500
80,226
-
108,574
1,500
14,985
16,485
-
-
-
800
800
-
-
47,800
158,285
97,511
-
108,574
110,420
578,963
492,523
-
196,860

Page 19

THE FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

(Continued)

YEAR ENDED 30 SEPTEMBER 2021

11 Trustees' Expenses

Included within personnel Resources Expended as detailed in note 5 is an amount of £nil (2020 £2,085) relating to travel and other expenses incurred by the trustees which have been reimbursed by the company.

12 Analysis of Net Assets between Funds

Unrestricted Restricted
Funds Funds Total
£ £ £
Tangible fixed assets 7,120 - 7,120
Current assets 102,634 108,574 211,208
Current liabilities (21,469) - (21,469)
______ ______ _
Net Assets at 30 September 2021 88,285 108,574 196,859
===== ===== ======

Page 20