Dawns Tan Tan Dance Ltd - Charities report - 21.2
Dawns Tan Tan Dance Ltd - Charities report - 21.2
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31 MARCH 2021 |
| FOR |
| DAWNS TAN TAN DANCE LTD |
| DAWNS TAN TAN DANCE LTD |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| Page |
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| DAWNS TAN TAN DANCE LTD (REGISTERED NUMBER: 03330303) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| 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 2021. 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 2019). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The Trustees will be responsible for the activity of the company in the absence of its core staff. |
| For the year ending 31st March 2021 the companies objectives and principal activities remained the same (although the current activity has come to a halt due to the Coronavirus outbreak) and are to: |
| - Foster and promote the advancement and improvement of general education in the art of dance in all its forms. |
| - Encouraging greater participation, creativity and opportunity for all, in and through this medium. |
| - Promoting dance as a tool for increased personal development and the development of the wider community. |
| - Increasing involvement in the specific use of dance in the development of health improvements and outcomes for its participants in particular disease cohorts. |
| The future of the company is likely to move into other Arts areas as well as dance for health and wellbeing in the future. |
| In previous years, the implementation of these main objectives and activities has been curtailed due to the lack of availability of any permanent staff, as was the case this year. This was further exacerbated due to the coronavirus outbreak. There are hopes to get someone on board this year. |
| The main strategies employed to assist the charity to meet these objectives have included the following: |
| - Build relationships with academics who can measure outcomes of dance (and other art forms) interventions with a specific cohorts of subjects. |
| - Develop new classes for people with dementia and their carer's and families. |
| We have referred to the Charity Commissions general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. |
| To further this focus, the trustees are looking to develop the company to concentrate on specific measurable health outcomes that can be achieved from dance and other arts interventions with its key target groups. |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable activities |
| No charitable activities have been carried out during the past two years. |
| During the 2019/20 & 2020/21 financial years the company has concentrated on building relationships with academic researchers. Due to the coronavirus outbreak all projects were put on hold as the uncertainty surrounding funding came into question. |
| Going forward the company hopes to gain funding for its charitable activities to recommence. This will be dependant on uncertainty levels within the economic environment. |
| FINANCIAL REVIEW |
| Principal funding sources |
| No funding was received in the year. There are currently sufficient reserves to meet the costs of the company for the next 12 months. After this period, funding will need to be gained in order to enable the charity continuing as a going concern. |
| Alternative sources of funding will be sought and the company will resume applying for grants. Until that time, reserves will be used to fund the companies costs. |
| Investment policy and objectives |
| TAN have no available funds to invest. |
| Reserves policy |
| TAN has a reserve policy although at the moment the reserve goes towards balancing the following financial year's core activities. The current reserves are planned to cover the costs of the company until charitable activities and funding can reconvene. |
| DAWNS TAN TAN DANCE LTD (REGISTERED NUMBER: 03330303) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| FUTURE PLANS |
| The future plans for the company involved the development of the company into a broader Arts and Health company rather than just focusing on Dance as an artistic vehicle. |
| The company further intends to develop research projects which at the same time as performing an artistic function will measure the health benefits or improvement outcomes by a variety of scientific measures during the programmes. This will allow TAN to tap into alternative sources of funding not just as an Arts organisation but also providing proven increases in health outcomes. |
| We hope to set a template that other Arts organisations can follow and copy by introducing measures into their programmes that generate evidence of improved outcomes and quality of life for arts participants. |
| This will all resume when greater certainty is restored in the sector. |
| Going Concern |
| The trustees have considered the going concern of the company. There are sufficient unrestricted reserves to cover the costs of the company for at least the next 12 months meaning the Trustees are confident that the company can continue as a going concern. Once there is greater funding availability the company will start applying for grants in order to carry out its aims and objectives. |
| Impact of Covid-19 |
| There is no doubt that the coronavirus outbreak has present the company with challenges. Charitable activities were halted. There are sufficient reserves to cover the costs for the next 12 months and beyond. The company will work to reduce costs in the interim. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The organisation is a charitable company limited by guarantee incorporated on March 1997 and registered as a charity on November 1999. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.00. |
| Recruitment and appointment of new trustees |
| The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Management Board. Under the requirements of the Memorandum and Articles of Association the members of the Management Board are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. |
| Kevin John Foley, Jeremy William Jones and Rhys Miles Thomas have all offered themselves for re-election during the 2021/22 year and were voted again as trustees. |
| People with relevant knowledge, expertise and interest in the company are invited to become Members of the Management Board. There is currently a good balance of expertise, age and gender. We have a member with a disability and we are seeking a member from a BME background and with experience of health systems. |
| Organisational structure |
| There is now no operational organisation in TAN Dance. |
| Induction and training of new trustees |
| New Board members are issued with an induction pack which includes: |
| - Articles of Association |
| - Responsibilities of Trustees |
| - Latest Audited Accounts |
| - Latest Annual Report |
| - Board of Management Chart |
| - Fliers of recent projects |
| - Welcome letter (which includes frequency of meetings details) |
| Board Members are encouraged to attend TAN activities to see the work in action. |
| DAWNS TAN TAN DANCE LTD (REGISTERED NUMBER: 03330303) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Related parties |
| In so far as is complimentary to the charity's objects, the charity is guided by both local and national policy. TAN is a delivery arm of local authority community plans and of many Welsh Assembly Government objectives. The company works in partnership with many local organisations and charities with similar objects. The new TAN organisational will increasingly co-operate with Health deliverers like the NHS and academic research organisations too to measure the outcomes of its work. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Independent Examiner |
| Alison Vickers |
| Bevan Buckland LLP |
| Ground Floor |
| Cardigan House |
| Castle Court |
| Swansea Enterprise Park |
| Swansea |
| SA7 9LA |
| Bankers |
| Port Talbot |
| West Glamorgan |
| SA13 1NR |
| FUNDS HELD AS CUSTODIAN FOR OTHERS |
| TAN do not hold any funds as custodians. |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| DAWNS TAN TAN DANCE LTD |
| Independent examiner's report to the trustees of Dawns Tan Tan Dance Ltd ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021. |
| 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. |
| Alison Vickers |
| Bevan Buckland LLP |
| Ground Floor |
| Cardigan House |
| Castle Court |
| Swansea Enterprise Park |
| Swansea |
| SA7 9LA |
| 31 March 2022 |
| DAWNS TAN TAN DANCE LTD |
| STATEMENT OF FINANCIAL ACTIVITIES |
| (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| 2021 | 2020 |
| Unrestricted | Restricted | Total | Total |
| funds | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 4,824 |
| DAWNS TAN TAN DANCE LTD (REGISTERED NUMBER: 03330303) |
| BALANCE SHEET |
| 31 MARCH 2021 |
| 2021 | 2020 |
| Unrestricted | Restricted | Total | Total |
| funds | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 8 |
| Unrestricted funds | 4,824 |
| TOTAL FUNDS | 4,824 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 and authorised for issue on |
| DAWNS TAN TAN DANCE LTD |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| 1. | 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 2019)', 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. |
| The charity constitutes a public benefit entity as defined by FRS 102. |
| Financial reporting standard 102 - reduced disclosure exemptions |
| The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
| • | the requirements of Section 7 Statement of Cash Flows. |
| 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. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Computer equipment | - |
| Cost comprises the purchase price of the asset and expenditure directly attributable to the acquisition of the item. |
| A fixed asset is derecognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the income statement. |
| Impairment of fixed assets |
| The company performs impairment testing where there are any indicators of impairment. Impairment is calculated as the difference between the carrying value and the recoverable value of the asset. Recoverable value is the higher of net realisable value and estimated value in use at the date the impairment loss is recognised. Value in use represents the present value of expected future discounted cash flows. If incurred, impairment is recognised immediately in the income statement. |
| Where an impairment loss subsequently reverses, the carrying value of the asset is increased to the revised estimate of the recoverable amount, but so that the increased carrying value does not exceed the carrying value that would have been determined if no impairment loss had been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately as a credit to the income statement. |
| 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. |
| Designated funds are unrestricted funds earmarked by the Trustees for particular purposes falling in future time periods. Designated funds are to cover future project expenditure not yet incurred as explained in the notes to the financial statements. |
| 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. The aim and use of each restricted fund is set out in the notes to the financial statements. |
| DAWNS TAN TAN DANCE LTD |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| 1. | ACCOUNTING POLICIES - continued |
| Debtors |
| Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. |
| Cash at bank and in hand |
| Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. |
| Creditors and provisions |
| Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. |
| Financial instruments |
| The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. |
| Legal status of the Charity |
| The Trust is a company limited by guarantee and has no share capital. |
| Going concern |
| The accounts have been prepared on a going concern basis while continuing to try and secure other funding. There would be no adjustments made to the financial statements whether prepared on the going concern basis, or the break up basis. |
| 2. | SUPPORT COSTS |
| Support |
| Finance | costs | Totals |
| £ | £ | £ |
| Charitable Activities | 160 | 736 | 896 |
| 3. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. |
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| funds | funds | funds |
| £ | £ | £ |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 6,331 | - |
| DAWNS TAN TAN DANCE LTD |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
| Unrestricted | Restricted | Total |
| funds | funds | funds |
| £ | £ | £ |
| TOTAL FUNDS CARRIED FORWARD | 4,824 | - | 4,824 |
| 5. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 April 2020 and 31 March 2021 |
| DEPRECIATION |
| At 1 April 2020 and 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| At 31 March 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Accrued expenses |
| 8. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.4.20 | in funds | 31.3.21 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 4,824 | (2,110 | ) | 2,714 |
| TOTAL FUNDS | (2,110 | ) | 2,714 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | - | (2,110 | ) | (2,110 | ) |
| TOTAL FUNDS | ( |
) | (2,110 | ) |
| DAWNS TAN TAN DANCE LTD |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| 8. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.4.19 | in funds | 31.3.20 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 6,331 | (1,507 | ) | 4,824 |
| TOTAL FUNDS | 6,331 | (1,507 | ) | 4,824 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | - | (1,507 | ) | (1,507 | ) |
| TOTAL FUNDS | - | (1,507 | ) | (1,507 | ) |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.4.19 | in funds | 31.3.21 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 6,331 | (3,617 | ) | 2,714 |
| TOTAL FUNDS | 6,331 | (3,617 | ) | 2,714 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | - | (3,617 | ) | (3,617 | ) |
| TOTAL FUNDS | - | (3,617 | ) | (3,617 | ) |
| DAWNS TAN TAN DANCE LTD |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| 9. | RELATED PARTY DISCLOSURES |
| 10. | GOING CONCERN |
| At the date these financial statements were approved, there was uncertainty surrounding the ability of the charity to secure any future funding. The charity will continue to operate as a going concern while trying to secure funding within the year by using the reserves they have remaining. If no funding is secured, the charity is very unlikely to be able to operate as a going concern. |
| The accounts have been prepared on a going concern basis while they continue to seek funding sources.Whether prepared under the going concern basis, or the break up basis, there would be no adjustments to be made to the financial statements. |