Para Dance UK Ltd - Charities report

REGISTERED COMPANY NUMBER: 05875014 (England and Wales)

REGISTERED CHARITY NUMBER: 1116988

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 26 OCTOBER 2024

FOR

PARA DANCE UK LTD

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Statement of Financial Position

5

to

6

Notes to the Financial Statements

7

to

12

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 26 October 2024. 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).

The assets and liabilities of the charitable company were transferred to Communities 1st on 27 October 2023. Communities 1st will continue the work of Para Dance UK utilising the funds transferred for their intended purpose.

Merger

Following an Emergency General Meeting (EGM) held on 5 August 2023, the Trustees proposed to the Associate Membership that the charity would close due to a lack of funding. we sought to close the charity without debts.

Communities 1st contacted Para Dance UK to discuss the opportunity to merge to enable us to continue the legacy from the charity.

Following a period of due diligence, the Trustees decided to merge with Communities 1st. There was strong synergy between the values of Para Dance UK and Communities 1st, with significant opportunities to grow inclusive community dance projects and outreach within the locality of Hertfordshire, and continue with our instructor inclusive dance training programme. This 'mass reach' strategy aligned with the strategic direction that the Trustees were moving towards.

The Trustees were delighted that work funded by Covid recovery monies had the opportunity to continue through this merger to reach many more people with disabilities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charitable company, which is limited by guarantee and does not have share capital, is incorporated in England. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £10 per member of the charitable company which in this instance are the Trustees.

The charity is governed by its Memorandum and Articles incorporated 13 July 2006 as amended by Special Resolutions dated 20 August 2012, 14 September 2013, and as amended by a certificate of incorporation on change of name date 17 October 2017.

On 27 October Para Dance UK formally merged with Communities 1st.

Recruitment and appointment of new trustees

All trustees resigned from the Board except the Chair (Ms Roberta Beaton) on 27 October following the completion of the merger with Communities 1st . New trustees were appointed from the Communities 1st Board of Trustees (see section below).

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05875014 (England and Wales)

Registered Charity number

1116988

Registered office

Ver House

Frogmore

St. Albans

AL2 2WH

Trustees

R Beaton

S Bairstow (resigned 27.10.23)

R M E Barlow (resigned 27.10.23)

D Lapidot (resigned 27.10.23)

J Howson (appointed 27.10.23)

J J John (appointed 27.10.23)

S Pearlman (appointed 27.10.23)

A M Rogers (appointed 27.10.23)

K D Wilding (appointed 27.10.23)

S H Yexley (appointed 27.10.23)

C N Cloke (appointed 27.10.23)

J C Dobbs (appointed 27.10.23)

A M Harrison (appointed 27.10.23)

R Gemmell (appointed 27.10.23)

Company Secretary

S M Craker

Independent Examiner

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

CESSATION OF TRADING

The charitable company ceased activities on 27 October 2023.

Approved by order of the board of trustees on 7 February 2025 and signed on its behalf by:

R Beaton - Trustee

Independent examiner's report to the trustees of Para Dance UK Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 26 October 2024.

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.

Andrew Pearce FCCA

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

21 March 2025

Period

1.8.22

Year Ended

to

26.10.24

26.10.23

Unrestricted

Restricted

Total

fund

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

-

89,026

EXPENDITURE ON

Charitable activities

3

Charitable activities

-

22,797

Provision of para dance sport activities

-

168,448

Charity merger

8,929

29,318

38,247

-

Total

8,929

29,318

38,247

191,245

NET INCOME/(EXPENDITURE)

(8,929

)

(29,318

)

(38,247

)

(102,219

)

RECONCILIATION OF FUNDS

Total funds brought forward

8,929

29,318

38,247

140,466

TOTAL FUNDS CARRIED FORWARD

-

38,247

26.10.24

26.10.23

Unrestricted

Restricted

Total

fund

funds

Notes

£

FIXED ASSETS

Tangible assets

7

-

1,222

CURRENT ASSETS

Debtors

8

-

1,320

Cash at bank

-

40,944

-

42,264

CREDITORS

Amounts falling due within one year

9

-

(5,239

)

NET CURRENT ASSETS

-

37,025

TOTAL ASSETS LESS CURRENT
LIABILITIES

-

38,247

NET ASSETS

-

38,247

FUNDS

10

Unrestricted funds

-

8,929

Restricted funds

-

29,318

TOTAL FUNDS

-

38,247

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 October 2024 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 7 February 2025 and were signed on its behalf by:

R Gemmell - Trustee

1.	STATEMENT OF COMPLIANCE

Para Dance UK Ltd is a charitable company limited by guarantee, incorporated in England. The registered office is:

Ver House

Frogmore

St. Albans

AL2 2WH

The charitable company's financial statements have been prepared in compliance with Charities SORP (FRS 102) as it applies to the financial statements for the period ended 26 October 2024.

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 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 financial statements are prepared in sterling, which is the functional currency of the entity.

Para Dance UK Ltd meets the definition of a public benefit entity under FRS 102.

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. The following specific policies are applied to particular categories of income:

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

- legacy income is recognised when receipt is probable and entitlement is established.

- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. DOnated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

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 of the statement of financial activities to which it relates:

- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

-expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain,in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery - 25% straight line

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.

Legal status of the charity

The charitable company is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £10 per member of the charity.

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 charitable company 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 charitable company 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.

3.	EXCEPTIONAL ITEMS

The assets and liabilities of the charitable company were transferred to Communities 1st on 27 October 2023. Communities 1st will continue the work of Para Dance UK utilising the funds transferred for their intended purpose.

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Period

1.8.22

Year Ended

to

26.10.24

26.10.23

£

Depreciation - owned assets

-

1,099

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 26 October 2024 nor for the period ended 26 October 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 26 October 2024 nor for the period ended 26 October 2023.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

38,701

50,325

89,026

EXPENDITURE ON

Charitable activities

11,437

11,360

22,797

Provision of para dance sport activities

89,977

78,471

168,448

Total

101,414

89,831

191,245

NET INCOME/(EXPENDITURE)

(62,713

)

(39,506

)

(102,219

)

RECONCILIATION OF FUNDS

Total funds brought forward

71,641

68,825

140,466

TOTAL FUNDS CARRIED FORWARD

8,928

29,319

38,247

7.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 27 October 2023

4,840

Disposals

(4,840

)

At 26 October 2024

-

DEPRECIATION

At 27 October 2023

3,618

Eliminated on disposal

(3,618

)

At 26 October 2024

-

NET BOOK VALUE

At 26 October 2024

-

At 26 October 2023

1,222

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

26.10.24

26.10.23

£

Trade debtors

-

570

Prepayments and accrued income

-

750

-

1,320

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

26.10.24

26.10.23

£

Trade creditors

-

1,359

Social security and other taxes

-

2,080

Accruals and deferred income

-

1,800

-

5,239

10.	MOVEMENT IN FUNDS

Net

At

movement

At

27.10.23

in funds

26.10.24

£

Unrestricted funds

General fund

8,929

(8,929

)

-

Restricted funds

Restricted general

29,318

(29,318

)

-

TOTAL FUNDS

38,247

(38,247

)

-

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

-

(8,929

)

(8,929

)

Restricted funds

Restricted general

-

(29,318

)

(29,318

)

TOTAL FUNDS

-

(38,247

)

(38,247

)

Comparatives for movement in funds

Net

movement

At

At 1.8.22

in funds

26.10.23

£

Unrestricted funds

General fund

71,641

(62,712

)

8,929

Restricted funds

Restricted general

68,825

(39,507

)

29,318

TOTAL FUNDS

140,466

(102,219

)

38,247

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

38,701

(101,413

)

(62,712

)

Restricted funds

Restricted general

50,325

(89,832

)

(39,507

)

TOTAL FUNDS

89,026

(191,245

)

(102,219

)

11.	RELATED PARTY DISCLOSURES

The assets and liabilities of the charitable company were transferred to Communities 1st on 27 October 2023. Communities 1st will continue the work of Para Dance UK utilising the funds transferred for their intended purpose.