FOUNDATION FOR COMMUNITY DANCE (Limlted By Guarantee) Trading as People Danclng Company Number. 2415458 Registered Charty Number.. 328392 TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER2023
FOUNDATION FOR COMMUNITY DANCE COMPANY INFORMATION AT 30 SEPTEMBER 2023 In¢orp¢)rated: In England on 22 August 1989 Company Number: 2415458 Registered Charity Number: 328392 Board; Anand Bhatt BEM Paul Kaynes [r8signed 9 March 2024] Dr Gillie Kleiman Carolyn McGrath (Co-vice Chalr) Louis8 Marshall Dr Ruth Pethybridge [resigned 31 July 2024] Dr Sue Smith (Chair) Dylan Quinn {Co-Vice Chair) lona Waite Catherln8 Young Company Secrgtary: Chris Stenton (Chief Executive) Reglstered Office: LCB DeFQt 31 Rutland Street Leicester LE11 RE Bankers.. Bank of Scotland The Mound Edinburgh EH11YZ Co-operative Bank 77-79 Market Place Leicester LE15EN Independent Auditors: PWH Accountsncy Limited The Counting House Hlgh Street Lutt8rworth Leicestershire LE17 4AY Page 1
FOUNDATION FOR COMMUNITY DANCE DIRECTORS AND TRUSTEES REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Tho Board Anand Bhatt BEM Paul Kaynes {Co-Vice Chalr} Dr Gillie Kleiman Carolyn McGrath (ViCe Chair) Louise Marshall Dr Ruth Pethybridge Dylan Quinn (CoThWice Chair) Dr Sue Smith (Chair) lona Waite Ruby Wolk [r8signed 2 November 2022] Catherine Young Prlnclpal Activltlos The Company is a Registered Charlty and Its principal object, as detailed in the Memorandum and Articles of Association. continued lo be the public advancement of education in dance and other related arts. The Charrty me8ts its principal objective, arKI duly under s8ction 4 of th8 Charities Act 2011, through a programme of open-access and publi¢-facing programmes that increase inclusion 8nd participation in dan¢e by everyone," and by supp)rting, through infomiation and knowledge exchange, the people and organisations that deliver local dance activities to ensure their public provision is safe and of high quality. R•sponsibllfti88 of the Board Company law requires the members of the Board to prepare finanaal stat8m8nts for each financial year that give a true and fair view of the stste of affairs of the Company. In preparing thos8 financial statem8nts the Board is required lo select suitablè accounting policies and apply them consistently, make judgments 8nd estimates that are reasonable and prudent, ensure that applicable accounting st8ndards have b&en followed and prepare the financial statements on the going concem basis unless it is appropriat8 to presume that the Company will not contlnuè in op8ration. The Board is satisfied that it has adequate resourcès to continue in operation for the foreseeable future. The Board has taken reasonable steps to". Ensure that funds grantsd by funding bodies are used onty for the purposes for which they have been glv6n 8rKI in accordance with any funding agreements and any other conditions prescribed Ensure that there are appropriat& financial and management controls in place to safeguard public funds and funds from other sources Safeguard the assets of the Company and prevent and detect fraud Secure the economical. effici8nt, and effective management of the company's resources and exFenditure. Page 2
FOUNDATION FOR COMMUNITY DANCE DIRECTORS AND TRUSTEES REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 {contlnuedJ Internal Flnanclal Control The key elements of the company's financial control inolude the following: Regular examination and scrutiny of budgets through Exewtive Team (senlor p08ts) meetings and with budg8t holders Medium-temi and annual planning, inc. income. expenditure and cash flow budgets Regular reviews of planning mileston6s and risk management, induding quarterfy reviews of financial results with varian¢e reporting and forecast outtums. through the Financ8 and Govemance Comrnittee and the Board The adoption of the recommendations in Accounting and Reportlng by Charities: Statement of Recommended Practic8 (SORPI12015J Lègal Structur•: The Foundation for Communty Dance is a company limited by guarantee 8nd a registered charity. There are currently eight Members who guarantee £10 each. The Directors and Trustees. all of whom 8re members, can be found listed on page one. Structurg, GovernanrA and Management The Board holds quarterly meetings, together with development $essnS and away-days as appropriat8. The Finan and Govemance Committee of the board has a specific brref to overse8 finanaal. personn818nd other operational matters. This Commttt88 meets at least four times each year and reports directly lo the Board, including th8 reMMendatIon 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 th8 organisation's programme and to which. in addition to board memb6rs, people external to the Board may be invited to join. The Board. its committees and working grou are all subject to agreed Tems of Reference. Primary responsibility for the company is vestsd in the Board. Day-to-day management functrons are delegated to the Chief Execulive and Executrv6 Team. The Board agrees policy, development stralegies and plans, overarching programmes and budgels. The Board devèlop these with the Executive Team and reviews the implem8ntslion and effectiveness of these decisions. The Board delegates day-to-day financial management and control to the Chief Executive (CEO) and Execullve Team, and they implément systems together with reporting and planning mechanisms set by the Board (se8 4. above). Management accounts are produced monthly. on an actuallforecasl basis. and fom)ally reported to the Board quart8rfy following detailed s¢wtiny by the Finan & Goveman¢e Committee. Bank reconcAltIonS are carried out Weekly. All outgoing payments ar8 subject to a tWO-Stage approval process, and when cheques are issued tsvo slgnaturès are required. The Board leads th8 recruitrnent and seleotion of the CEO. supports the CEO in the recruitment and selection of the Executive Team,. and agrees the establishment of ngw pemianent posts or of material changes made to existing permanent posts. The Exacutive Team are responsible for recruitment of all other 8xisling pemianent posts, and of fixed-temi proj8Ct staff where the cost is included within approved project budgets. Th8 Board review remuneration aangeMentS annually as part of tha annual, and longer-temi, budget settlng proce88. The Board undertakes team and skills development. New m8mbers recelve 8n induction and written guidance e.g. Terms of Reference for Board Members and Committees, and materials from the Charity Commission and Companies House. Where spa¢tfi¢ needs are identified. training support rs provided. The Board regularly undertakes a skills, knowledgg and experience audit. Page 3
FOUNDATION FOR COMMUNrrY DANCE DIRECTORS AND TRUSTEES REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 [conlinu•dJ Appolntments to tho Board: The Board reviews recruitmenl and retentlon annually. The Chair and Wice Chairfs) are nominated and appointed by the Board from within their own nurnber. Where vacancies arise or are anticipat8d, the Board appoints a task group to consider proposals from existing Board members and the Executlve Team, and considers what external recruitment should be undertaken. and the appropriate process for this. Appointments are mad8 for a temi of up to six years. R•servos Pollcy: The Board forecast that18vels of unrestricted reseNes held in the general fund are sufficient in the short-temi but and that an available reserve of at least £90,000 is appropriate at the current tirne. The company achieved this by September 2023 through annual business plan targets and budgeting for an annual operating surplus in the g8n8ral fund. The Finance & Govemance Committee review the ReseNes Policy from tim8 to tirne and make recommendations to th8 Board. At th8 2022123 period end. in addilion lo Restricted funds of £13,323 (2022.. £119,737), there was surplus in total unrestricted funds of £98,298 (2022: £97,973). No funds are in deficit. The total of funds held is £111.171. Risk Managemont.. T1 Board reviewed and ass8$sed major fi'nanGial and operational risks. including legislatlV8, StNctural, and ènvironmental changes to vthlch the charity might be exposed, the ongoing disruption and risk potential remaining from the Covid-19 pandemic, and the cost-of-living crisis. They are satisfied that systems and procedures are in place, both to limit exposure to these risks and, where exposure Uld exisl. be able lo manage this in a safe, infom)ed. and responsible manner. An open and re(£ptiV8 approach to solving risk problems is adopted by the Board and Executive Team. A rolling Development Plan is updated regularly and sets out strategic obje¢tives. against which Ihe Board reviews progress and risk quarterfy. Financlal Results: These accounts r8POrt on 12 months from 1 October 2022 to 30 September 2023. Comparative figures shown in these accounts are for Ihe 12-month period 1 October 2021- 30 September 2022. Our income for the period was £544,749 (2022: £568,584) and expenditure of £650,838 (2022.. £547,734). The financial tumover of the organisation is subject to annu81 fluctuations and trar6fers lolfrom restricted resèrves. which reflect programmes, activities and fundraising in any given year. We 8nded the year 2023 with a small operating surplus of £2.648 on unrestricted funds. An analysis of reserves is shown in Note 10 to the accounts. A breakdown of expendtture is given in Note 5. Cash flow remained comfortable throughout the year, and there werè no exceptlonal cir¢umstances that affected the final outtum for 2023. Funds available: Th8 Board is optimistic about th8 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 charltable objects. National Portfolio Funding (NPOJ frorn Arts Council England for the period April 2022 to March 2026 has been secured, with unrestricted funds offered of £193.593 per annum for this period, a total of £580,779. A grant of £475,000 received from the National Lottery Community Fund ¢ontinu8d to suppJrt 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 2023 [continuodJ 6. Review of the Year'$ Activltlos The Foundation for Community Dance (trading as People Dancing) has a vlslon of a wodd where dance makes a positive differen. Its mlssion is to make engagement with dance important and rel8vant to individuals, communilies and society. The organisation's work helps to provlde leadership for and within community and participatory dance in England, the UK and beyond. Development activitiès undertaken and services provided in thè year focused on driving up quallty through excellent and inclusive dance practices, increasing dlversity through reaching new audiences and participants. and striving for increased sustainability of the organisation. Work is underpinned by valuos defining how w8 work: Excollence in participation and progr8ssion in dan for all Inclusion is at the heart of what we do and why we do it Collaboratlve actions give greater strength and voice to all involved Openness in our working practices. The Board-approved Development Plan is reviewed regularly. which sets out the three Strategic Arms that form th8 basi5 for delivering activities and services and undertaking fundraising and organisational devèlopment.
Take a straleglc ovèrview and hava UK-wido and international reach, acting as a drlving force in developing excellence. nurturlng talènt and strengthening resili8nce. and onsuring provlslon and Practi is networked and flt for purpose: The arts sector and beneficiarl8s of the charty continued to 8XP8rience disruption in 2022123. including economi¢ impact stemrning from the Pandemlc. the cost-of-living crisis and reductions in local authority arts spending. Supportlng our beneficiaries remained a focus of our work. The organisation continued to deliver its in-p8rson and onlinè training programme, infomiation. and membership ServIS to support to dancers, teaching artists and praGtitioners working in and with communitles. 1.665 people participated in our programme of online and in-person events, courses. nerkS and leaming opportunities. Our publishing. films, website and blogs reached a further audience - including members and the general public - of 181,000. Pion88ring online programmes contlnued lo enable peoplè to leam at their own pace helped to improve accesslbillty and affordability through digital te¢hnologi8S. Targeted publlcations continued to promote excellen in community dance by culturally diverse dance artists, promoting inclusion, diversity and quality in community dance. Exlensive intemational o)nnections provided broader conlext and opportunities for critical debatè. We continued to provide membership sérvices to enable dance artists and practitioners to work safely with the public, including a safeguarding and Disclosure and Barring Service in England and safeguarding guidancé for practitioners. The organisation continued to offer xibility around membership ren8wals, and 0rated generously with the provislon of information. guidance. and signposts to sources of support. Pag8 5
FOUNDATION FOR COMMUNITY DANCE DIRECTORS AND TRUSTEES REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 [continuodJ Work conlinued ta estsblish Participatory Arts Qualificatrons (PAQ) as an Awarding Organisation. to offer qualffications for dance artists and leaders. Th8 Boards of PAQ and Foundation for Community Dance agreed that these would be offered by Foundation for Communlty Danc8 from 1 October 2023.
Develop and sustain strategic alliances and partnorshlps to create new opportunitios for Indlvlduals and cotnmunities to partlclpate." Nelworks- the Earfy Years Dance Nelwork (EYDN), supported and engaged artists and practitioners working in dance with young diildren and their familieslcarers. The Inclusion in Dance Nelwork continued lo provid8 8 national focus for artists and organisations committed to Inclusive practic8 and better serving disabled people as p8rticipanls and audl8nce members. The Liv8 W811 and Dance with Parkinson's Nerk continues to develop, as did the REACH! neork, almed at Global Malority dance artists. Newsletters were regularly distributed across the networks. Advocacy and represontatton- as an adive StratsgiG Alliance Member of the Culture, Hèalth and Wellbeing Allianc8 and member of the UK Dance Network, profiling the work and benefits of communily and partiapatory dance across our communications platfomis and public8tions. Staff presented at several conferences in the UK and intemationally. Continued leadershlp of Live Wo11 & Danco with Parkinson's - this National Lottery Cornmunty Fund funded programme is built around six local delivery partnerships and national strategiG patherships. with the aim of increasing provision, improving quality, and identifying a dlversity of approachès to d&veloping this work and conditions of success required to scal8 UP. Partnèrs for changè - we worked collaboratively with a dNersity of organisations In dan, the arts and education to efft positive change and help 8¢hieve greater equality. equity and inclusron. Examples include One Dan UK, Sound Sense, Serendipity, Rubicon DancelWales-Wid6 Training Programme, Protein Dance. Safe in Dance Intemational, Urban Playground, Attenborough Arts, Mark Morris Dance GrouplDan¢e for PD, English Folk Danc8 and Song Society, Stopgap Dance Company. Candoco Danc6 Company. Corali Dance Company, TIN Arts and the universltles of De Montfort, Central Lancashire, Roehampton, Falmouth and Coventry. Bulld organlsational capacity, resources and resillence, includlng dlgital knowledge and innovalion, through the critical contrlbution of staff whllst remaining Irue to Vlslon, M188ion and Values: The organisation remalned 8 National Portfolio Organisatlon (NPO) of Arts Council England, viith a three-year funding agreement from 1 April 2023 that provides £193,593 of unrestricted funding annually. This funding enabl8S the organisation to deliver agreed work. supports plans for additional fundraising and organisational development a¢tivities that contribute lo ongolng organisational stability and sustsinability. Pag8 6
FOUNDATION FOR COMMUNITY DANCE DIRECTORS AND TRUSTEES REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 [contlnuedJ The Board and the Finance and Govemance Committee met five times In the year. Dr Sue Smlth was appointed as Chair of the Board at the AGM in November 2022. Carolyn McGrath , Paul Kaynes and Dylan Quinn were appoint8d as Wi¢e-Chairs and members of the Finance & Governance Committee. We offered our thanks to Ruby Wolk, who stepped down from th8 board in November 2022. Policies and procedures werè reviewed as needed by the Board In the yèar and updated where required. Robust reporting to the Board atK)ul risk id8nlificalion and mitigation was implemented In the year. Progress against the bu&ness plan was monitored with regular updates provided for the Board. Flsk Register is mainlained and updated r8gularfy. Whilst 6hort-term risks and disruptron associated with Covid-19 and the cost-of-living crlsis continued, no other material or longer-tem increases in risk were identified in the year. A staffing restructure was undertaken in late 2022 and implemented from 1 April 2023 to ensure the organisatlon's leadérship and delivery teams have approprlatè capaclty and can meet future needs. The Executive Team is led by the Chief Executive and in 2022123 included the posts of Deputy CEOIH8ad of Health and Wellbeing, Head of Inclusion. Head of Professional Development, and Head of Operations and Communications. Together they provide effective artistic and organisational leadership, enabling the organisation to b8tter meet amblllons for diversity within activiti'es and services. The caparyty and oversight provided by the Executive Team has POSitiV8ly supported growth and development priorities. Professional development and training Opportunities are offer8d to and taken up by all staff within the organisation. Continued self-evaluatron reassured us that progr8mmes remained of high qualtty, we understand user needs, and that provision meels need. Data provided a range of intelligence and statistical infornation to aid planning and to help ensure relevance. We remain committed to reducing our carbon fcotprint and environmental Impa¢t in offi¢e-based and programme activities. The organisation's Equality Actlon Plan Is VieWed regularly by Ihe Board to reflect current contexts, organisalional ambitions, evaluation and data collection. The organisation's ethos and work ar8 rooted in an understanding of equality based on diverse cultures and communilies within a mcdem British context and their engagement with dance. Alongside this the organisation works with knowledge of legislative frameworks as they relate lo equality issues and protected characteristics. Incom8 received by the organisation includ8d: £200,675 from eamed from membershlp, Sernices and training pwrammes (2022: £194,889}. £193.592 from unrestricted grants (2022: £191.184) and £99.177 from restricted grants (2022: £140,494). Looking to the future, the organisation's refreshed developm8nt plans will guide the organisation forward and renewed funding from Arts Council England for 2023 -2026 will support organisational development and enabl8 progression of its charitsble objecliv8s of public advancement in the art of dan. By Order of The Board C Stenton. Company S8cr8tary 06 December 2024 Page 7
FOUNDATION FOR COMMUNITYDANCE (LIMITED BY GUARANTEE) STATEMENT OF THE BOARD'S RESPONSIBILinES Company law requires the Board to prepar8 financial statements for each firkincial year arKJ to be satisfied that the financial slatèments give a true and fair view. Under that law the Board have elected to prepare the financial statements in accordance wlth United Kingdom Generally Accepted Accounting Practice {Uniled Kingdom A¢¢ounting Standards and applirAble law). The financial statements are requir8d by law to giv8 a true and fair view of the stale of affairs of the company and of the profit or loss of the (tjmpany for that period. In preparing these financial statements. th8 Board is required to.. Select suitsble accounting policies and In apply them con$istenUy', mak8judgments and estimates that are reasonable and prudent: state whether applicable UK A¢UntIng Standards have been followed. subject to any material departures disclosed and explained In the financial statements., prepare the financial statements on the going concem basrs unlèss 11 is inappropriate to presume that the comp8ny will continue in business. The Board is responsible for keeping adequate accounting records that disclose with reasonab18 a¢¢uracy at any time the financial position of the company and to enable them to ensure that the financial slatem6nts comply with the Companiès Act 2006. They are also resFonsible 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 corFof8te 8nd financlal infomiation included on Ihe Company's website. Director8: C M¢Grath. 06 Dember 2024 S Smith. 06 December 2024 Page 8
PVVH A¢¢¢>untancy Ltsl CharteredAeeount•nts Thg Countlng Hous•. Hlgh Streat LutterwMKth. Lelwt•rshlr• LE174AY REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF THE FOUNDATION FOR COMMUNITY DANCE UMITED We have audrted the financial ¥talgmenls of Foundation tr Community Dan Limited for the year 30 September 2023 which comprise the Statement of Flnancial Position. the Statement of Income aTrJ ExFendilure. Stslemenl of Chang85 in Equity and the related notes. Slgnm¢¥nt accountlng poli¢1 The financial reporting framework that hag been applied in the preparation is applicable law and United" Klngdom Accounting Standards (United Kingdom Generally Accepted A¢untIng PTactlce) and FRS 102 %thlch Is the Financial Repyling Stsndard applicable to Unllèd ngdoM and Republic of Ireland. InforThatlon and ludg•monts Infomialion and judgements that the FourKlatson has aPled in preparlng Ihgse accounts we based on the Carrying amounts of all income. expenses, assets and liabilities as at the end of the financial year Subject to any adjustments mentne in the accounts and in Ihe note8 and disclosures to the &counts Estlmatlon Te¢hnlquo5 There were no assumplrons made concerning the future or estimation uncertainly al Ihe retI date that have a 8ignificanl risk of causing a material adlu$lmenl to the carrying amounts of assets and Ikabili11gs wllhin the next financial year. Apart from this, there is nothing to report under FRS 102 sectron This report is made solety to the Fwndation's members, as a boty, in accordance wth Chapter 3 of Part 16 of the Cornpanies Act 26. Our audit work has been undertaken so that we might stale to the Foundation's members those matters we are requlred to stale to them in an audilorfs report and for no othei purpose. To the fullest exlenl permitted by law. we do not accept or assume responsibility lo 8nyone other than the Foundatlon and the Found8tlon'8 members as a body, for our audit work, for this report, or for the opinron5 we have formed. Ro$pectlva r•spon¥ibiliths of tho trustoes and audrtors As explained mole ffijlty in Ihe Tru$lees' Responslbililles Stal8menl set out on page 9. the trustees (who are also the directors of the charitsble c¢xnpany for the purwses of company law) are responsible for the preparation of the financial statements and for belng satisfied that they give a true and falr vtw. Our respjnslbility is to 8udit and express opinion on the flnancial statements in aCcOrdae with applicable law and Inlernats'onal Standards on Auditing {UK and Irelar)d). These standards qUIre us to mF4y with the Auditlng Practices Board's {APB's) Ethical Standards for Auditors. Scopè of the audlt of the flnan¢ial statem•nts A (iescrlptlon of the scope of an audit of financid statements is provided on the AP8's webslle at vMw.frc.or .ukla blsco el rivale.cfm Conllnued.... Page 9
PWHA¢countAncyLlmlt•d Charterod Ac1nnts The Countlng Hou8è. Hlgh Str•ot Lutterworth Lo1¢8 LE17 4AY REPORT OF THE INDEPENDENT AUDrroR TO THE MEMBERS OF THE FOUNDATION FOR COMMUNITY DANCE LIMITED Contlnued... Oplnlon In our opinion the finanGial statements grve a true and fair view of the stale of Foundation'y affairs as 81 September 2023 arKI of rt5 income and expenditure for the ye8r ended-, and have been properly prepared in accordance with United lQngdom Generally Accepted Acc(xJnllng Practice and in particular in acwdance with FRS 102 and aso in accordan¢e with the Companres Act 2006. Opinion on other matters prnscrlbod by th• Companle5 Act 2016 In our opinion the informallon gwen in the Trustees, Re for the financial yew for which the financlal slatem&nls are prepared is consistent with the accounts Mattern on whlch wè ar• requlred to roport by •xwdon We have nothlng to rep)rt in respect of the followirwJ mallers where the Companies Act requlres us to repct lo you rf. in Jr opinion.. proper books of account have not been kept by the Foundation In a(darte with IF requirements of the legislation,. or the financial stat&ments are not in agreement wtth the accounting records and returns: or certaln di$dosur88 ofTruslees' remuneratlon Spec by law are not made", or we have nol obtained all the Information and explanations n&essaryforlhe purF#)se ofouraudit. Roger A Platt FCA Senior Statutory Auditor For and on behaff of PWH Accountancy Ltd Statutory Auditors The Counting House High Street Lutteorth L&lstershIre LE17 4AY 06 December 2024 Page 10
FOUNDATION FOR COMMuNy DANCE {UMITED BY fjUAIIAf+lTEEI $rATEmE OF FINANCIAL ACTivmES YEAR ENDED 30 SEPTEMBER 2023 2023 2023 Nots Restrlclgd Unrestrlcted 2023 Total Total Incomlng resources Arts Councll Engtsnd.- NPO grani Art5 Councilwales Natlonal Lottery Communlty Fun Klck stsrtjob scheme Leicestercitycouncil Wa1Ck District Council PaS[non'$ UK 193,592 193.592 191.844 2,996 0.0 14,$94 3.000 94.877 94.877 1,800 2,500 292,769 2.500 99,177 2,500 335,334 193,592 Earned income from ehèritabieactfvities Donatlons Managementtransfers 14,2441 204.919 2Tr),675 1.968 49.337 251,980 194.889 15,022 23,339 233251 49,337 14.24141 Total 449A 644749 $68.684 Resoue$•xpÈnd•d Charltable actfvitles Staff costs Overheads and admlnlstratlon Governance and Board costs 199,456 107,755 277,521 43,211 2.458 4.239 15.5961 3,380 14.220 447,168 307,211 277,521 43.211 6,672 4239 15.5961 3,360 14.220 169.244 313,532 40.300 2.400 2,8SO 4214 Capttal depreciation Bad debts and aceountlng adlustments Marketing, communications & access Organlsatlonal development Total 10,257 9.151 547,734 203,670 Surplus Ideficitlforthe peilod 1108,7371 I.089 2051 Balance BIF 119,737 97,973 217,710 195,360 Balance CIF Ii,OOD 100.621 111.621 216211 Pa8e 11
FOUNDATION FOR COMMUNITY DAMCE Iumlted ByGuaRntsel 5TATEMENTOF F114ANaAL POSITION YEAR ENDED 30 SEPTEM8ER 2023 2022 Note SETS Cash. cash equivalents and Ilquld asset$.' Bank current accounts Cash in hand Total cash. t4sh eoulvalents and liquld asset5 35,731 24 167.513 35,755 I6718 Tanglbleflxed asMts Flxtures, frtng$ and ÈquiprneTrt 8,255 6989 Recelvabl Grant debtors Other receivables Totsl receIble$ 47,524 41,292 47.524 13,415 S816 60.939 Prepayments and accrued irKome Prepayments and other debtors Taxatlon and social securlty Total ppayrnents and other income 3,921 1,934 7A31 1,879 5,855 9,310 Total A59ets 138,681 244,756 LIAblUTIES Payables Trade creditors Taxation and sc(lal seturlty Accruals Deferd Incoff 22,659 7,192 6.088 13,766 3,600 27,060 27.046 Retslned garnln Accumulated reserve Restricted reserves Total retrained eamings io io 98,298 13,323 97.973 119,737 111,621 217,710 Tot•1 Uabllltles 138.681 244,756 The xcounts h8¥e t¢en prw8d in wdarKg th8 provkkwts cfPart 15 ofth8 Compan*s Act 20Cfj r8kVng to small cornpgrkn$. Th6 finjnthl 5tatem8rts were apFmgd 8nd aLthJrW tr Isw8 ty Lh8 Boar¢ on 6M2f2024. C McGrath B08rd Members Ssmlth P•8e 12
THE FOUNDATION FOR COMMUNITY DANCE (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 Company Status The company is limited by guarantee and has no share capital. The liability of each member is limited to £10. Accounling Polici95 Basis of Accounting The financi81 stat8menls hav8.be&n prepared under Ihe hlstoric cost accounting rules in accordance with FRS 102, and the Companies Act 2006 and folbw the recommendations in Accounting and Reporting by Charities Statement of Recommended Practice 12015]. Applicable accounting stsndards have been followed. Tanglble Flxod A888t8 DeprgGiation has been provided by the Company to write off the cosl or valuatlon less the estimated residual value of tanglble fixed assets by equal instalmenls over their useful economic lives. as follows: _ Computer and office equipment three years Fund accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectiv8s of the charity and which have not been designated for olher 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 financtal statements. Restrictèd funds are funds which are to be used in aGcordance with specific restridions imposed by donors or which have been raised by th8 charlty for particular purposes. The cost of raising and adminlstering 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 stslements. Ineomlng Rèsourcos All Incomlng resources are Included In the SOFA when the charity Ss legally entltled to the income and the amount can be quantified with reasonable accuracy. Gtfts In klnd donated for dlstrlbutlon ar8 Included at valu8tlon and recognlsed as Incom8 whan they are di5tribut8d to th8 projects. Gtfts donated for rèsale are included as incom8 when they are sold. Donated facilities are included al the value to the charity where this can be quantrfied, and a third party is bearing the cost. No amounts are induded in the financial statements for services donated by volunteers. Paga 13
THE FOUNDATION FOR COMMUNITY DANCE (LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 Accounting Policios {continued) d Resourcès expended All expenditure is accounted for on an accruals basis and has been classified undér headings that aggregate all costs relat8d to the cat8gory. Wh&r8 costs cannot b8 diredy attributed to particular headings, they have bean allocated to aclivltl8s on a b8sIs 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. FurKJraislng costs are tIKJse incurred In seeking voluntary contribLrtlons and do not Includè Ihe costs of disseminating infomation in support of the charitable activities. Support costs are those costs incurred directly in support of exp8ndlture on the objects of the charity and include project management carried out at Headquarters. Manag8ment and administration costs are those incurred in connection wlth administration of the chadty and ¢ompli8n¢e with Constitutional 8TKI ststutory requirements Corporation Tax Th8 company is a R8gist8r8d Charity and. as suth. is exempt from corporation tax. Accordingly. no provision has been made for corporation tax. Surplus on Ordinary Activities 2023 2022 IS Stated after charging: . Trust88s' remuneration Directors, remuneration Auditors, remur*ration Depreaation Rents payable under operating leases 3,000 4,239 7.825 3,250 2,850 7,825 Page 14
THE FOUNDATION FOR COMMUNryY DANCE ILlmtted by Guar3nteel NOTESTO ThE ANANCIAL WATEMENTS Icontlnuedl YEAR ENDED 305EPTEMBER 2023 5 Resourc•8 oxp•nd•d Restricted Unrestrict•d Total 2023 2022 Incomln r•sources Grant donated Iorne Arts Council England.. NPO grant Arts Council Wales National Lottery Communty Fund Kick Stsrtjob scheme Leicester City Council Warwick District Coundl Parkinson's UK 193,592 193,592 191,844 2,996 120.OOD 14,994 3,000 94,877 94.877 1,800 2,500 99,177 1,800 2,500 292,769 2,500 33S.334 193,592 Earn income from ¢harltable actlvltles Donations Management transferg {4,244) 204.919 1,968 49,337 200,675 1,968 49.337 194,889 15,022 23,339 TOTAL 94.933 449,816 544.749 568.584 Rèsourcos ox ndèd Charitable aclvltle8 Safeguarding and civil liabiltty insurances Short course8 & training programmes Anirnated magazine Athotk Alliance ving Well Porkinsons Sense Programme 11 Million Reason8 to Dance Online leaming Earfy Years Dance 68,522 22.768 5.724 68,522 22.768 5.724 56.517 27,024 3.532 10,7CN) 64,835 199.456 199.456 4,850 450 4,850 450 2,503 773 3,360 169,244 5,441 107,755 199,456 307.211 Staff costs Core salaries Stsff travel expenses Penslon contribution 268,144 268,144 788 8,589 277,521 303,668 2,571 7,293 313.532 8.589 277,521 Overheads & admlnlstratlon Premises costs {r8nt, rates. heat & light) Other 51aff wsls Banking and payTnent processing charge8 Printing. postage & ststionery Other offlce running costs Profes&or)al fees Auditors remuneralron 17,442 5,745 6.781 10,220 138) 61 3,000 43,211 17,442 5.745 6,781 10.220 138) 61 3,000 43.211 16,890 3,186 8,541 5,487 2,657 514 40.525 Resourcgs gx ndad cld 199.456 428.487 027,943 523,301 Pag8 15
THE FOUNDATION FOR COMMUNITY DANCE Iumlted by fjuaranteel NOTES TOTHE FINANCIAL STATEMENTS Icontinuédl YEAR ENDED 30 SEPTEMBER 2023 S RosourGes expended <contlnu•d) Reslrlcted Unrestricted Total 2023 2022 Rfjsources ex endod bld 199,456 428,487 627,943 523,301 Govemance & Board costs Travel expenses paid lo Truste68 Other B08rd c08ts 2,006 452 2,458 2,6 1,077 4,214 6,672 2,400 Capllal depreciation 4,239 4.239 2.850 ad d•bts and other write.off8 {3,2731 3,273) Marketlng, communlcatlons & aGCVJS Design, print & distribution Access costs 3,810 3.810 9,817 3,810 3,810 10,257 Oryanlsatlonal development Staff tr8inSng & development costs 14,220 14,220 9.151 Total resources expended 203,670 653,611 547.959 No member of staff receNed emoluments In excess of £60,00012022 £60,000). Paga 16
THE FOUNDATION FOR COMMUNITY DANCE (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (Conllnu•d) YEAR ENDED 30 SEPTEMBER 2023 Tangible Fixed As8ets Equipment Cost As al 1 October 2022 Additions during the year 76,457 5,505 As at 30 S8Ptember 2023 81.962 Accumulated Depreciatlon As at 1 Odober 2022 Charge for the year 69,468 4,239 As at 30 September 2023 73,707 Net Book Valuo As at 30 September 2022 8.255 As at 30 September 2023 8,785 Page 17
THE FOUNDATION FOR COMMUNITY DANCE (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (Contlnued) YEAR ENDED 30 SEPTEMBER 2023 Debtors 2023 Receivables and grant debtors Prepayynents VAT Tenancy deposit 88.816 1,773 1,934 2,148 58,791 7,431 1.879 2,148 94.671 70,249 Rec8ivab18s inGludes a loan of £33,796 (2022 £6,750) to Participatory Arts Qualthcations Ltd, a wholly owned subshjiary of Found8tlon for Communlty Dance. Holiday pay accrual8 The company's holiday perlod runs from 1Jt October to 30th S8Pt8mb8r. The holiday pay accrual is zero. Lease Cornmitments Annual commitments under non.¢ancelb1e operating leases are as follows: . 2023 2022 Operatlng leases which expire within one year land and buildings 2,022 2,022 Page 18
THE FOUNDATION FOR COMMUNITY DANCE (LIMtrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED 30 SEPTEMBER 2023 10 Ststement of Funds BIFwd Incoming tgoIng Tranthr CIFwd Unrestrldod funds Deslgn8lerJ funds (Capltal and pron88$) Total vnrestrlct•d fund8 95,784 2.189 97.973 449,816 446,733 435 449,816 447,168 {2.323) 1.754 98,298 12,323) R•strlcted funds Llve Well 8nd Dance for Parkinson's Partr)ershlp Other restricted funds Total restrlctèd ndS 109.993 9.744 119,737 97.377 196,370 12,4441 7,3C(I 94.933 203.670 2,323 13,323 2,323 13.323 217,710 544.749 650,838 111.621 11 Trusteos. Exponses Included wthln personnel Resour¢es Expended as detailed in note 5 is an amount of £2,006 (2022 £Nil) relatlng to travel and other expens8s incurred by the trustees which have been reimbursed by th8 ¢ompany. 12 Analysls of Net Assats betw••n Funds Unre8tri¢t¢d Restricted Funds Funds T¢Aal Tangible fixed assets 8,255 8,255 Current assets 119,426 11.000 130,426 Current liabililies (27.060) {27,060) Nat A&ts at 30 September 2023 100.621 11.000 111.621 Page 19