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2022-09-30-accounts

FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE)

Trading as People Dancing

30 SEPTEMBER 2022

FOUNDATION FOR COMMUNITY DANCE

COMPANY INFORMATION

AT 30 SEPTEMBER 2022

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 McGrath (Co-Vice Chair) Louise Marshall Dr Ruth Pethybridge Dr Sue Smith Dylan Quinn (Co-Vice Chair) Iona Waite Catherine Young Secretary: Mianam Yasmin Bashir Canvin (Head of Operations & Comms) 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 2022

1. The Board

Anand Bhatt BEM Paul Kaynes (Co-Vice Chair) Dr Gillie Kleiman Carolyn McGrath (Co-Vice Chair) Dr Kate Marsh [resigned 10 November 2021] Louise Marshall Dr Ruth Pethybridge Dylan Quinn (Co-Vice Chair) Dr Sue Smith (Chair) [Appointed 20 October 2021] Iona Waite Ruby Wolk [resigned 2 November 2022] 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 2022 [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 ten 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 functions are delegated to the Chief Executive and the Executive Team. 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 Chief 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 Chief Executive; 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 2022 [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 2023 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 2023.

At the 2021/22 period end, in addition to Restricted funds of £121,237 (2021: £107,074), there was a surplus in total Unrestricted funds of £96,473 (2021: £89,786). This includes a Capital and Premises Designated Reserve of £2,189. No funds are in deficit. The total of funds held is £217,710.

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, the ongoing disruption and risk potential remaining from the Covid-19 pandemic, and the cost-ofliving crisis. 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 2021 to 30 September 2022. Comparative figures shown in these accounts are for the 12-month period 1 October 2020 – 30 September 2021. Our income for the period was £568,584 (2021: £578,963) and expenditure of £547,734 (2021: £492,523). The financial turnover of the organisation is subject to annual fluctuations, which reflect programmes and activities in any given year.

We ended the year 2022 with an operating surplus of £ 20,850 of which of which £8,187 is unrestricted and £12,663 is restricted. 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 that affected the final outturn for 2022.

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. National Portfolio Funding (NPO) from Arts Council England for the period April 2023 to March 2026 has been secured, with unrestricted funds offered of £193,593 per annum for this period, a total of £580,779. A significant 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 2022 [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:

A. 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 disruption in 2021/22 stemming from the Pandemic. The economic impact on the organisation’s users and beneficiaries – dancers, teaching artists, community practitioners and arts organisations, and the general public who participate in dance activity – and levels of participation across activities and locations indicated signs of recovery. This remains in the context of the emerging cost-of-living crisis and continued reductions in public subsidy of arts activity particularly at a local level.

Supporting our users though this time, as in 2020/21, remained a focus of our work. 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. We engaged participants/and audience of 6,848. Our programme of 20 online events, networks, and learning opportunities attracted 794 participants. Access to online events was free of charge for members. Eight new short films, together with our back catalogue, reached an audience of 5,200. We were pleased to mount our first in-person event since 2019 – People Dancing in the Summer, July 2022, and overall welcomed 854 participants to our inperson events, training and performance presentations.

We continued to increase digital reach through a website, blogs, social media platforms, e- newsletters and publishing, with 79,000 website users and 22,000 followers on social media. Pioneering online programmes continued to 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.

We continued to provide membership services to enable dance artists and practitioners to work safely with public, including a safeguarding and Disclosure and Barring Service in England and safeguarding guidance for practitioners. The organisation continued to offer flexibility around membership renewals, and operated generously with the provision of information, guidance, and signposts to sources of support. It is notable that as recovery from the Pandemic continued the organisation’s level of earned income from membership by September 2022 was approaching pre-pandemic levels.

Page 5

FOUNDATION FOR COMMUNITY DANCE DIRECTORS AND TRUSTEES REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2022 [continued]

Work continued to establish Participatory Arts Qualifications (PAQ) as an Awarding Organisation, to offer nationally recognised qualifications for dance artists and leaders. This significant undertaking was steered by a Board Working Group established to support this development, which included analysis of different legal models for the organisation, and risk management issues. Following agreement by the Board PAQ was established in May 2022 as a wholly owned subsidiary of Foundation for Community Dance. Profits of PAQ will be transferred to the parent charity using the Gift Aid scheme. The impacts of this work will be felt from October 2023 by both beneficiaries and organisations and an application to Ofqual for recognition for qualifications is ongoing.

B. 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, renamed the Inclusion in 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. A new network for Live Well and Dance with Parkinson’s held its first online event, as did the REACH! network, aimed at Global Majority dance artists. Newsletters were regularly distributed across the networks.

Advocacy and representation – as an active Strategic Alliance Member of the Culture, Health and Wellbeing Alliance, a member of ArtWorks Alliance and member of the UK Dance Network – and by profiling the work and benefits of community and participatory dance across our communications platforms and publications.

Continued leadership of Live Well & Dance with Parkinson’ s – this National Lottery Community Fund funded programme is built around six local delivery partnerships and national strategic partnerships, with the aim of increasing provision, improving quality, and identifying a diversity of approaches to developing this work and conditions of success required to scale up.

Our 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 of Wales concluded in September 2022. The project also supported four creative projects working with disabled participants in communities across Wales. Project participants took part in a photography shoot with internationally renowned photographer Philip Hatcher-Moore that launched a brand-new bilingual Welsh online photography exhibition.

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 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.

C. 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 2022 [continued]

The Board met five times and the Finance and Governance Committee met four times in the year. Dr Sue Smith was appointed as Chair of the Board at the AGM in October 2021. Carolyn McGrath (Lappin), Paul Kaynes and Dylan Quinn were appointed as Vice-Chairs and members of the Finance & Governance Committee.

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 short-term risks and disruption associated with Covid-19 and the cost-of-living crisis continued, no other material or longer-term increases in risk were identified in the year.

The Executive Team is led by the Chief Executive and in 2021/22 included 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. A staffing restructure was undertaken in late 2022 and implemented from 1 April 2023 to ensure the organisation’s leadership and delivery teams have appropriate capacity and can meet future needs.

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.

Income included: £194,889 earned from membership, services and training programmes (2021: £139,776), £194,840 from unrestricted grants (2021: £264,593) and £140,494 from restricted grants (2021: £158,285) .

Looking to the future, the organisation’s refreshed development plans will guide the organisation forward and renewed funding from Arts Council England for 2023 -2026 will support organisational development and enable progression of its charitable objectives of public advancement in the art of dance.

By Order of The Board M Canvin, Secretary

14 June 2023

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 McGrath, 14 June 2023

S Smith, 14 June 2023

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 14 June 2023

Page 10

FOUNDATION FOR COMMUNITY DANCE (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 SEPTEMBER 2022

Note
Incoming resources
Arts Council England: National Portfolio Organisation grant
Arts Council England: Culture Recovery Fund
Arts Council Wales
National Lottery Community Fund
Kick Start job scheme
Leicester City Coucil
Parkinson's Equip
Earned income from charitable activities
Donations
Management transfers
TOTAL
Resources expended
Charitable acivities
5
Staff costs
5
Overheads and administration
5
Governance and Board costs
5
Captal 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		 Restricted
Unrestricted
Total 2022
-
191,844
191,844
-
-
-
-
2,996
2,996
120,000
-
120,000
14,994
-
14,994
3,000
-
3,000
2,500
-
2,500
140,494
194,840
335,334
-
194,889
194,889
8,500
6,522
15,022
-
23,339
23,339
148,994
419,590
568,584
78,105
91,139
169,244
58,226
255,306
313,532
-
40,300
40,300
-
2,400
2,400
-
2,850
2,850
-
-
-
-
10,257
10,257
-
9,151
9,151
136,331
411,403
547,734
12,663
8,187
20,850
108,574
88,266
196,860		 2021
193,593
71,000
14,985
142,500
-
-
-
422,078
139,776
1,712
15,397
578,963
186,543
241,594
41,073
-
2,021
196
6,628
14,468
492,523
86,440
110,420
Balance carried forward 121,237
96,453
217,710		 196,860

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 2022

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
Taxation and social security
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		 £
£
167,513
5
167,518
6,989
47,524
13,415
60,939
7,431
1,879
9,310
244,756
7,192
6,088
13,766
-
27,046
97,973
119,737
217,710
244,756
2022		 £
£
147,490
47
147,537
7,120
47,524
13,075
60,599
3,073
-
3,073
218,329
10,957
277
10,235
-
21,469
88,286
108,574
196,860
218,329
2021		 £
£
147,490
47
147,537
7,120
47,524
13,075
60,599
3,073
-
3,073
218,329
10,957
277
10,235
-
21,469
88,286
108,574
196,860
218,329
2021
218,329

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

These financial statements were approved and authorised for issue by the Board on 14 June 2023.

C McGrath …................................................................... 14 June 2023 Board Member S Smith ….......................................................................... 14 June 2023 Board Member

Page 12

THE FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2022

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

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 2022

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 2022 2021
is stated after charging: - £ £
Trustees’ remuneration - -
Directors’ remuneration - -
Auditors' remuneration 3,250 3,250
Depreciation 2,850 2,021
Rents payable under operating leases 7,825 7,825
====== ======

Page 14

THE FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

5 Resources expended

YEAR ENDED 30 SEPTEMBER 2022

YEAR ENDED 30 SEPTEMBER 2022
5 Resources expended
Restricted
Unrestricted
Total 2022
£
£
£
Incoming resources
Grant donated income
Arts Council England: National Portfolio Organisation grant
-
191,844
191,844
Arts Council England: Culture Recovery Fund
-
-
-
Arts Council Wales
-
2,996
2,996
National Lottery Community Fund
120,000
-
120,000
Kick Start job scheme
14,994
-
14,994
Leicester City Council
3,000
-
3,000
Parkinson's UK
2,500
-
2,500
140,494
194,840
335,334
Earned income from charitable activities
-
194,889
194,889
Donations
8,500
6,522
15,022
Management transfers
-
23,339
23,339
TOTAL
148,994
419,590
568,584
Resources expended
Charitable acivities
Safeguarding and civil liability insurances
-
56,517
56,517
Short courses & training programmes
13,270
13,754
27,024
Animated magazine
-
3,532
3,532
Artwork Alliance
-
10,700
10,700
Living Well with Parkinsons
64,835
-
64,835
11 Million Reasons to Dance
-
2,503
2,503
Online learning
-
773
773
Early Years Dance
-
3,360
3,360
78,105
91,139
169,244
Staff costs
Core salaries
58,226
245,442
303,668
Staff travel expenses
-
2,571
2,571
Pension contributions
-
7,293
7,293
58,226
255,306
313,532
Overheads & administration
Premises costs (rent, rates, heat & light)
-
16,890
16,890
Other staff costs
-
3,186
3,186
Banking and payment processing charges
-
8,541
8,541
Printing, postage & stationery
-
5,487
5,487
Other office running costs
-
2,657
2,657
Professional fees
-
514
514
Auditors remuneration
-
3,025
3,025
-
40,300
40,300
Resources expended c/fwd
136,331
386,745
523,076		 2021
£
193,593
71,000
14,985
142,500
-
-
-
422,078
139,776
1,712
15,397
578,963
58,472
10,903
900
9,309
80,253
17,258
5,108
4,340
186,543
235,423
-
6,171
241,594
16,861
1,262
5,277
8,995
3,352
2,076
3,250
41,073
469,210

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THE FOUNDATION FOR COMMUNITY DANCE (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2022

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
Total resources expended		 Restricted
Unrestricted
Total 2022
£
£
£
136,331
386,745
523,076
-
1,077
1,077
-
1,323
1,323
-
2,400
2,400
-
2,850
2,850
-
0
0
-
9,817
9,817
-
440
440
-
10,257
10,257
-
9,151
9,151
-
9,151
9,151
136,331
411,403
547,734		 2021
£
469,210
-
-
-
2,021
196
5,803
825
6,628
14,468
14,468
492,523

No member of staff received emoluments in excess of £60,000 (2021 £60,000).

Page 16

THE FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

(Continued)

YEAR ENDED 30 SEPTEMBER 2022

6 Tangible Fixed Assets
Equipment
£
Cost
As at 1 October 2021 71,738
Additions during the year 4,719
______
As at 30 September 2022 76,457
======
Accumulated Depreciation
As at 1 October 2021 66,618
Charge for the year 2,850
______
As at 30 September 2021 69,468
======
Net Book Value
As at 30 September 2021 4,174
=====
As at 30 September 2022 6,989
=====

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THE FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

(Continued)

YEAR ENDED 30 SEPTEMBER 2022

7 Debtors 2022 2021
£ £
Receivables and grant debtors 58,791 58,451
Other debtors - -
Prepayments 9,310 3,073
Tenancy deposit 2,148 2,148
______ ______
70,249 63,672
====== =====

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: -

2022 2021
£ £
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 ACCOUNTS (CONTINUED)

YEAR ENDED 30 SEPTEMBER 2022

10. Statement of Funds

Unrestricted funds
Designated funds (Capital and premises)
Total unrestricted funds
Restricted funds
Live Well and Dance for Parkinson's Partnership
Other restricted funds
Total restricted funds		 B/Fwd
Incoming
Outgoing
Transfer
C/Fwd
87,597
419,590
402,984
(8,419)
95,784
2,189
-
-
2,189
89,786
419,590
402,984
(8,419)
97,973
107,074
120,000
117,081
-
109,993
-
28,994
27,669
8,419
9,744
107,074
148,994
144,750
8,419
119,737
196,860
568,584
547,734
-
217,710

Page 19

THE FOUNDATION FOR COMMUNITY DANCE

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

(Continued)

YEAR ENDED 30 SEPTEMBER 2022

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 6,989 - 6,989
Current assets 118,030 119,737 237,767
Current liabilities (27,046) - (27,046)
______ ______ _
Net Assets at 30 September 2021 97,973 119,737 217,710
===== ===== ======

Page 20