Fallen Angels Dance Theatre North West - Charities report - 19.2
Fallen Angels Dance Theatre North West - Charities report - 19.2
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Fallen Angels Dance Theatre North West |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year |
| Ended 31 March 2019 |
| Fallen Angels Dance Theatre North West |
| Contents of the Financial Statements |
| for the year ended 31 March 2019 |
| Page |
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Notes to the Financial Statements | 8 to 11 |
| Fallen Angels Dance Theatre North West |
| Reference and Administrative Details |
| for the Year Ended 31 March 2019 |
| TRUSTEES | M J Cunningham |
| R G Wilkinson |
| S Davies |
| V J Griffiths-Pearson |
| A N Roy |
| D Greaves (appointed 1/12/2018) |
| C Owens (appointed 1/12/2018) |
| COMPANY SECRETARY | C Bayes Kitcher |
| REGISTERED OFFICE | 18 Pearl Lane |
| Chester |
| Cheshire |
| CH3 5NX |
| REGISTERED COMPANY NUMBER | 08909000 (England and Wales) |
| REGISTERED CHARITY NUMBER | 1158251 |
| INDEPENDENT EXAMINER | McMillan & Co LLP |
| Chartered Accountants |
| 28 Eaton Avenue |
| Matrix Office Park |
| Buckshaw Village |
| Chorley |
| Lancashire |
| PR7 7NA |
| Fallen Angels Dance Theatre North West |
| Report of the Trustees |
| for the year ended 31 March 2019 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their |
| report with the financial statements of the charity for the year ended 31 March 2019. The trustees have |
| adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice |
| applicable to charities preparing their accounts in accordance with the Financial Reporting Standard |
| applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The objectives are to relieve the charitable needs of people who are suffering from, have suffered from or |
| who have been affected by addiction through the performing arts, especially dance. |
| The trustees confirm that they have referred to the guidance contained in the Charity Commission's general |
| guidance on public benefit when reviewing the Charity's aims and objectives. |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable activities |
| Throughout 2018-19, our fifth year as a Charity, we continued to pursue our core purpose "To support those |
| in recovery from addiction, to transform their lives and to share the recovery journey through dance, |
| performance and creativity." |
| This was a fantastically busy year for FADT with 12 performances, 175 workshops, 2 presentations, 2 TED |
| Talks and a Royal Visit. |
| We reached over 829k through media and online channels, 74k performance audience, and worked with 138 |
| people in recovery, on a regular basis in Cheshire, Merseyside and Greater Manchester. |
| Across the UK, FADT developed and strengthened partnerships with Storyhouse Chester, Cheshire Dance, |
| Geese Theatre, Birmingham Royal Ballet, NEW (North East Wales) Dance at HMP Berwyn, and Science |
| Gallery London. |
| We started to address the issue of measuring the impact of our participation projects, to track data by |
| designing a new and easily accessible app. The hard evidence gathered sits alongside personal testimonies |
| of participants who talk about the real, practical change that FADT brings to their lives. |
| These achievements, and many others you can read about in the report, have taken place despite a difficult |
| financial environment and we are greatly to our funders, donors and supporters, without whom none of this |
| work would be possible. |
| Looking forward we face a significant period of development, as current demand for our work outstrips our |
| capacity to deliver. We will need to explore creative and operational models that suit and can sustain, the |
| particular nature of FADT. |
| Artistically we look forward to a first ever co-production with Storyhouse of a new full length performance. |
| This year we also welcomed two new trustees, Clare Owens and Dawn Greaves. They bring needed |
| expertise in the field of education and legal work, which will be valued. |
| Finally on behalf of FADT, I would like to thank our retiring Chair, Mike Cunningham. His leadership and |
| guidance was fundamental in establishing FADT as a Charity and his valued impact has brought the |
| organisation into the strong position it is today. I would also like to thank my fellow trustees for their |
| commitment and our Executive and Artistic Directors for their dedication, passion and hard work, that is |
| FADT. |
| FINANCIAL REVIEW |
| Reserves policy |
| During 2018/19 Fallen Angels Dance Theatre reviewed its reserve policy. We are aiming to hold at least |
| three months of operating expenditure in unrestricted reserves. Total unrestricted reserves as at 31 March |
| 2019 were £18,648 which is around three months unrestricted operating expenditure. The trustees will review |
| the reserve policy on an annual basis. |
| Fallen Angels Dance Theatre North West |
| Report of the Trustees |
| for the year ended 31 March 2019 |
| FINANCIAL REVIEW |
| The trustees recognise that expenditure in the delivery of workshops and events has outstripped income |
| received within the year, which represents a phasing issue with regard to income received (last year) and |
| costs expended (this year). The trustees will continue to monitor and manage cash flow to ensure the liquidity |
| and sustainability of the charity continues to be maintained. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is a charitable company limited by guarantee and not having a share capital and, in accordance |
| with Section 30 (2) of the Companies Act 1985, is exempt from the requirement to use the word 'limited' as |
| part of its name. It is governed by a Memorandum and Articles of Association. |
| The charity was entered in the Central Register of Charities with effect from 15 August 2014 and accepted by |
| HM Revenue & Customs as a Charity for tax purposes. |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Fallen Angels Dance Theatre North West |
| Independent examiner's report to the trustees of Fallen Angels Dance Theatre North West ('the |
| Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended |
| 31 March 2019. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you are |
| responsible for the preparation of the accounts in accordance with the requirements of the Companies Act |
| 2006 ('the 2006 Act'). |
| Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the |
| 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's |
| accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my |
| examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the |
| 2011 Act. |
| Independent examiner's statement |
| I have completed my examination. I confirm that no matters have come to my attention in connection with the |
| examination giving me cause to believe: |
| 1. | accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
| 4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. |
| I have no concerns and have come across no other matters in connection with the examination to which |
| attention should be drawn in this report in order to enable a proper understanding of the accounts to be |
| reached |
| Mr JFD McMillan |
| FCA |
| McMillan & Co LLP |
| Chartered Accountants |
| 28 Eaton Avenue |
| Matrix Office Park |
| Buckshaw Village |
| Chorley |
| Lancashire |
| PR7 7NA |
| 22 October 2019 |
| Fallen Angels Dance Theatre North West |
| Statement of Financial Activities |
| for the year ended 31 March 2019 |
| 2019 | 2018 |
| Unrestricted fund |
Restricted funds |
Total funds |
Total funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Charitable activities | 3 |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 59,242 |
| Fallen Angels Dance Theatre North West |
| Balance Sheet |
| At 31 March 2019 |
| 2019 | 2018 |
| Unrestricted fund |
Restricted funds |
Total funds |
Total funds |
| Notes | £ | £ | £ | £ |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 8 |
| Unrestricted funds | 18,648 | 18,696 |
| Restricted funds | 40,546 |
| TOTAL FUNDS | 59,242 |
| Fallen Angels Dance Theatre North West |
| Balance Sheet - continued |
| At 31 March 2019 |
| The charitable company is entitled to exemption from audit under |
| Section 477 of the Companies Act 2006 for the year ended 31 March 2019. |
| The members have not required the company to obtain an audit of its financial statements for the year ended |
| 31 March 2019 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| These financial statements have been prepared in accordance with the provisions applicable to charitable |
| companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees on |
| Fallen Angels Dance Theatre North West |
| Notes to the Financial Statements |
| for the year ended 31 March 2019 |
| 1. | GENERAL INFORMATION |
| The charity is a registered charity in England and Wales and is incorporated. The address of the |
| principal office is 18 Pearl Lane, Chester, Cheshire, CH3 5NX. |
| There are no material uncertanties about the charity's ability to continue. |
| The presentational currency of the financial statements is the Pound Sterling (£). |
| The amounts in the financial statements have been rounded to the nearest £1. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, |
| have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by |
| Charities: Statement of Recommended Practice applicable to charities preparing their accounts in |
| accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS |
| 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard |
| applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements |
| have been prepared under the historical cost convention. |
| Income |
| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the |
| funds, it is probable that the income will be received and the amount can be measured reliably. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation |
| committing the charity to that expenditure, it is probable that a transfer of economic benefits will be |
| required in settlement and the amount of the obligation can be measured reliably. Expenditure is |
| accounted for on an accruals basis and has been classified under headings that aggregate all cost |
| related to the category. Where costs cannot be directly attributed to particular headings they have been |
| allocated to activities on a basis consistent with the use of resources. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the |
| trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. |
| Restrictions arise when specified by the donor or when funds are raised for particular restricted |
| purposes. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial |
| statements. |
| Pension costs and other post-retirement benefits |
| The charitable company operates a defined contribution pension scheme. Contributions payable to the |
| charitable company's pension scheme are charged to the Statement of Financial Activities in the |
| period to which they relate. |
| Fallen Angels Dance Theatre North West |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Financial instruments are recognised when the company becomes party to the contractual provisions |
| of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are |
| initially measured at transaction price and are subsequently carried at cost unless the arrangement |
| indicates otherwise and then the asset is measured at the present value of the future receipts |
| discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, |
| bank loans and group borrowings, are initially recognised at transaction price and are subsequently |
| carried at cost unless the arrangement indicates otherwise and then the liability is measured at the |
| present value of the future obligations discounted at a market rate of interest. |
| 3. | INCOME FROM CHARITABLE ACTIVITIES |
| GRANTS RECEIVED | 2019 | 2018 |
| £ | £ |
| People's Health Trust | - | 3,525 |
| Big Lottery | 9,940 | - |
| Ravensdale Trust | 1,000 | - |
| Marjory Boddy Trust | 2,000 | - |
| CCF - Tampon tax fund | 5,635 | - |
| Sanctuary Housing | 600 | - |
| Martin Geddes Trust | 1,000 | 1,000 |
| Cheshire Community Foundation | 500 | 12,500 |
| Tesco Bags of Help | - | 2,000 |
| Chester Soup Kitchen | - | 700 |
| Paul Hamlyn Foundation | - | 34,000 |
| Proven Trust | 300 | 300 |
| Trusthouse Charitable Foundation | - | 11,940 |
| Linbury Trust | 15,000 | 10,000 |
| Tomlinson Trust | - | 500 |
| Comic Relief | - | 4,440 |
| Active Cheshire | - | 5,000 |
| Arts Council England | - | 4,000 |
| TOTAL | 35,975 | 89,905 |
| 4. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2019 nor for the |
| year ended 31 March 2018. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 March 2019 nor for the year ended |
| 31 March 2018. |
| 5. | STAFF COSTS |
| The average monthly number of employees during the year was as follows: |
| 2019 | 2018 |
| 2 | 2 |
| No employees received emoluments in excess of £60,000. |
| Fallen Angels Dance Theatre North West |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2019 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Accruals and deferred income |
| 8. | MOVEMENT IN FUNDS |
At 1/4/18 |
Net movement in funds |
At 31/3/19 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 18,696 | (48 | ) | 18,648 |
| Restricted funds |
| Community Programme | 40,546 | (26,146 | ) | 14,400 |
| TOTAL FUNDS | (26,194 | ) | 33,048 |
| Net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 13,906 | (13,954 | ) | (48 | ) |
| Restricted funds |
| Community Programme | 39,875 | (66,021 | ) | (26,146 | ) |
| TOTAL FUNDS | ( |
) | (26,194 | ) |
| Fallen Angels Dance Theatre North West |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2019 |
| 8. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
At 1/4/17 |
Net movement in funds |
At 31/3/18 |
| £ | £ | £ |
| Unrestricted Funds |
| General fund | 16,596 | 2,100 | 18,696 |
| Restricted Funds |
| Community Programme | 20,541 | 20,005 | 40,546 |
| Productions | 14,863 | (14,863 | ) | - |
| 35,404 | 5,142 | 40,546 |
| TOTAL FUNDS | 52,000 | 7,242 | 59,242 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 12,154 | (10,054 | ) | 2,100 |
| Restricted funds |
| Community Programme | 89,406 | (69,401 | ) | 20,005 |
| Productions | 1,999 | (16,862 | ) | (14,863 | ) |
| 91,405 | (86,263 | ) | 5,142 |
| TOTAL FUNDS | 103,559 | (96,317 | ) | 7,242 |
| The purpose of the restricted funds is as follows: |
| Community Programme |
| For the delivery of workshops in Cheshire, Liverpool, Greater Manchester, Salford and Lancashire with |
| the main funds derived from People's Health Trust and Cheshire Community Foundation. |
| Productions |
| For the development and tour of Upon Awakening Production with funds derived from Arts Council |
| England. |
| 9. | RELATED PARTY DISCLOSURES |
| There were no related party transactions for the year ended 31 March 2019 nor for the year ended 31 |
| March 2018. |