COMPANY REGISTRATION NUMBER: 02636958 CHARrfY REGISTRATION NUMBER: 1003947 IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Financial Statements For the year ended 31 March 2024 IL E. JONES & CO. Chartered accountants 132 Burnt Asb Road Lee London SE12 8PU
TRADING AS IRIE! DANCt THEATRE Company Limited by Guarantee Financial Statsments Year ended 31 March 2024 Page Trustees, annual report (incorporating th¢ dir¢£tor's rq)ort) Independent examiner's report to the trustees 14 Statement of financial activities (including income and expenditure account) 16 Statement of financial position 17 Notes to the financial statements 19
IIUE! TRADING AS IIUE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The trustees. who are also the directors for the purposes of company law. present their report and the unaudiled financial statements of the IRIE! DANCE THEATRE for the year ended 31 March 2024. Reference and administrative details Registered charity name IRIE! Charity registration number 1003947 Company registration numbcr 02636958 Principal office and registered Moonshot Centre office Fordham Park Angus Street New Cross London SE14 6LU The trustees Mr H Beckles - Chair Mr D Clarke - Treasurer Ms B Glean - Secretary Ms S Montserrat Ms P Ryan Company secretary Ms B Glean - CEO & AD and Secretary to the Board Independent examiner Darren Smart F.C.C.A. 132 Burnt Ash Road Lee London SE12 8PU
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {¢oniin4ed) Year ended 31 March 2024 Structurey governance and management Th¢ Trustees present their report and the financial statem¢rtts for the year ended 31 March 2024. The trustees, who are also Directors of IRIE! (Trading as IIUE! Dance Theatre) for the purposes of company law, and who served durÈng the year and up to the date of this report. Objectives and activities Mission Statement Our mission is to deliver and sustain a range of creative, educational and artistic activities based on stimuli derived from Africa and the Caribbean. Our vision is to create an environment where Dance of the African Diaspora (DAD) is fully integrated into the teaching and practice of the wider dance agenda, making the fom] important to individuals. communities and society. The company aims to promote culture and diversity through outreach, engagement through its touring perfomiance company and inspired partnerships. Our broader aim is to develop and deliver a range of creative and diverse activities for all that will support and include: . Arts and Culture . Community and Wellbeing . Education & Training . Operations The Trustees are mindful of the need to provide a 'public benefit, as emphasised in the 2011 Charities Act. Structure) governance and management Governing Document IRIEI is a company limited by guarantee, governed by its Memorandum and Articles of Association dated August 1991. The CharÈties Commission registers the company as a Charity. Anyone over the age of 18 an become a member of the company and there are currently 4 members, each of whom agree lo contribute £5 in th¢ event of the Charity winding up. Appointment of Trustees Trustees are asked to nominate new Trnstees prior to the AGM. The Trustees are also entitled to co-opt specialist Trustees, with full consideration given to the requirements of any skills needed towards the advancement of the company's objectives. These are highly experienced individuals in their field who provide support and advicc but are unable, because of other commitments, to become full members. Invitations for self-nomination are distributed to similar charities locally. Advisors are &sked to to attend Board and other meetings as deemed appropriate by the Board.
TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report nCorporating the Director's Report) (conlinued) Year ended 31 March 2024 Current Members of the Board Harry Beckles Desmond Clarke Beverley Glean Sheba Montsrat Paul¢tt¢ Ryan Chair Treasur¢r Secretary (no voting rights) Trustee Trustee Trustee's Induction, Training and Operv4tional Obligations After a fomial intffvicw with senior management and subsequent review by Chair and Vice Chair. Potential Trustee5 are asked to attend an IRIE! Board meeting Erior to deciding whether they wish to take on this voluntary role. New Trustees are inducted into the company through a meeting with a Senior Officer. They are also required to attend at least one board meeting wior to confJrn]ation. This Erovides prospective Trnstees and Directors with an overview of the organisation, its activities and obj¢ctiv¢s and inforn]s them of their legal obligations undff charity and company law. Trustees are invited to meet all staff members. Staff members and volunteers are encouraged to work closely with a Trustee with complementary skills and experience when necessary. Trustees attend appropriate external training events which facilitate their undertsking as a TrusteeJDirector. Operating Model The Board meels a minimum of 4 times per year. It is expected that all TrusteeslDire¢tors will attend all Board meetings and contribute to the appropriate governance of the (rganis&tion. wh¢ther inlat m¢¢tings or outside of meetings. If a TrusteelDirector is unable to attend a Board meeting they are expected to send an apology. If a TrusteelDirector fails to send an apology to two consecutive meetings in a year or they fail to attend 3 cons¢cutiv¢ m¢¢tings they will be subject to compulsory resignation. Th¢ Chief Executive Officer & Artistic Director (CEO & AD) is appointed by the Board to manage the day-to-day operations of the charity as well as plan, guide and implement the artistic vision and policies of the company ensuring that they ¢ontinu¢ to encapsulate and reflect the company's mission statement. The CEO & AD d¢l¢gates authority, approved by the trustees, to a Senior Manag¢m¢nt Team, which comprises the Director of AcedIted Training and Busine&s DÈrector (post vacant) who support th¢ 0 & & AD in the day to day managing of opffational matters including finance, building management, employment, ¢ducation & community outreach, and artistic perfonnance r¢lat¢d activities. Eighty five percent (850/0) of the work undertaken by the company from April 2023 to March 2024 took plac¢ in the tL)ndon Borough of Lewisham (LBL). The work of th¢ company is rooted in Caribbean folk danc¢, musi¢ and culture as well as West African traditional dance, drumming and culttw¢. Thes¢ traditions influence the overall planning and deliv¢ry of th¢ programmes alongside other historical and contemporary local, cultural and social issues.
TRADING AS llUE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report Uncorporating the Director's Report) {conlin¥ed) Year ended 31 March 2024 IRIE! is strongly ¢mb¢dded in the community and has prof¢ssional relationships with a number of related local organisations and institutions including, The Midi Music Company. The Albany. Goldsmiths University. Phoenix Federation Schools. I£wisham Education Arts NetWOTk. L£wisham Homes and the Migration Museum to name a few. Community cohesion and engagement will continue to be key to the company's development and delivery. IRIEI is based at the Moonshot Centre, where the company currently hold a Premises Management Agre¢m¢nt for the buildin& since 2017 on behalf of LA)ndon Borough of IThisham. The building is based in Fordbam Park in New Cross, which Provides ideal suroundings and resources for community-based activities, in-doors and out-do(rs. which is beneficial to the organisation's d¢vclopment. Our space and activities provide favourable programmes and Conditions for children and young people to engage with the company and for the company to connect with and understand the needs of the community in which it serves. We asse&s those needs through regular monitoring & ¢valuatIo questionnaires and anecdotal feedback. Funding Partners Th¢ company was very successful in raising funds to support its users, the local community. creatives and its workforce during the financial year. This includes its successful application to the National IA)ttery Community Fund to advance our communty engagement over a 3-year period {2022-2025). The company's connection with the community is intrinsic in all strands of its practice and service delivery, therefore the ethos of IRIE!'s activities remained intact as we move foNiard. In April 2023, IRIE! dance theatre secured Arts Council England, National Portfolio Funding (NPO) for four year4 from 2023-2027. The award will support the re-introduction of the perforniance company through a research and d¢v¢lopment prOcey. $llp)rt good governanc¢, succession planning and restructuring. community centre. developing work for and with graduates and emerging artists. Th¢ Pioneer and Places initiative which was funded by the National Lottery Heritage over an 18 month period concluded in March 2024. A range of activities were successfully delivered, n]aking the archive accessible to a wider audience. Activities included a graduate training programm¢, an archive development project, a volunteer programm& an ¢xbibition which included Heritage InteTVl¢WS, a virtual museum and a film screening. Additional funding will be applied in thc n¢w financial year to enable the project to b¢ further developed ov¢r the next 3 years. Reserves Poliey The Trust¢¢s aim to maintain a level of reserves to cnsure that contractual commitments to staff and suppliers can b¢ met in the event of a sudden change, or loss, in funding. Poli¢i¢s on investment powers and reserves ar¢ available as require¢l The aim of tb¢ Company is to maintain an annual reserve level to meet a minimum of 3 months operational costs.
TRADING AS llUE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report Oncorporating the Director's Report) (conlinmed) Year ended 31 March 2024 Objectlves and attivities Key PartDerships London Borough of l£wisbam: IRIE!'s relationship with LBL remains stable and continue5 to progress positively. The cultural team at LBL are developing a Cultutal Strategy that will take forward many of the positive and meaningful outcomes from the year-long cultural festival. IRIE! danc¢ theatre will be one of the key local (r¢ativ¢ organisations forniing part of the strategic team. To date, we are feeding back on the proce&s of creating the docurnent to be ratified by the local authority. Conversations regarding IRIE'S management agreement with the borough are ongoing. Goldsmith University of London.. In September 2023 our BA (Hons) DiVSe Dance Styles by IRIEI and our new MA was validated by Goldsmith. The company's collaboration with Goldsmith is proTring to be very successful. Our partnttship with the community engagement and Theatre And Perfom]ance (TAP) team have been valuable. We have worked together on several projects, for example, volunteers programme, Open Day's, workshops and Museum Late's at the Garden Museum. We are looking forward to more collaborations in ihe future. Nesta.. We have reached year 5 of the Cultural Impact Agreement with Nesta. The programme will c4)me to an end next year, the additional time is due to the loan holiday period agreed during COVID and post COVID. Nesta continues to offer support. The quarterly check-in ensure that PTO8ramme delivery and the operations of th¢ organisation are not facing challenges du¢ to the changing environment for ¢xampl¢, cost of livlng crisis. Main activities for the year The work of the organisation r¢mained steady especially via funding from National Lottery Community Fund (Nt£F) for the Moonshot Community programm¢. This continues to support the post for Education and Community Engagement Coordinator, Administrator and Facilities Officer. The award support5 the company's service delivery, in the areas of education, outreach and communty ¢ngag¢m¢nt and develop programmes alongside our LBL main grants Frogramme. Arts Council England. National Portfolio Organisation funding has ¢nabl¢d the reintroduction of the p¢rf(Tmance company and infrastructure development for the organisation.
TRADING AS tRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorls Report) (¢onrfnMed) Year ended 31 March 2024 Objectives and vactivities (eonlinwedj Main actlvities for the year cont... Workshops The workshop programm¢ continue to develop and grow ¢ncouraging new and different community relationships, partnership working and hires. We were able to deliver incr¢as¢d range of diverse choices of free and aff(rdable community cla&8es delivered by a team of tutors diverse in age and ethnicity, with an able to appeal to a wide range of the community. Through monitoring and evaluating of our community programme& participants have feedback: DrLunology', participants describe the se&8ions as providing "culttwal awareness" as well &s allowing families to engage in group activities with one another 'ryt gives me a reason to go out and enjoy quality time with my son on a Saturday morning" From events and programme areas focusing specifically on older and young people and intergenerational gatherings. Participants told us: "The staff were amazing, making everyone feel like a family" _ Vintage Tea (Elders event). "Many thoughts on history, legacy, joy, connection and the spaces in between" . IRIEI Community Dance PeTfornw]¢¢. "Finding somewhere to mc¢t p¢ople your age group" _ Vintage Tea (Elders event). 'Push aside. We ne to be involved" _ Vintage T¢a (Elders event). The organisation is increasing opportunities for volunteers. Volunteers have told us.. "More skills. More Confid¢nt" _ IIUE! volunteer. "I am very excited to build som¢ skills that will be transferable to a Car in the &ts sector" volunt¢¢r. IR1 "I have gained knowledge of my local area" . IRIE! volunt¢¢r. Youth Dan¢¢ Company Th¢ popularity of the youth dan¢¢ company is growing. Many of the young people attending are from our local partner schoo15 and are of West African heritage. Therefore, working within the traditional West African dance genre has been successful. During the year tbe young people have taken part in 3 sharings , 4 public perf(nnances and have perfornied at their school assembly. Engagement remains high between 25-30 young people attending weekly sessions. We are particularly, encouraged by the commitment, interest, and support from all the parents of the young people who tbe group session
TRADING AS IRIE! DANCE THEATRE Company Llmited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conlinued) Year ended 31 March 2024 Objectives and actfivities (coftlinued) Community Engagement A thriving programme has ¢ncouraged local people and grassroots organisation to hire our community space and run their own sessions. There have been several long-terni hires including: Planet Hoop* Dancehall. Both Dance and the Church of Pentecost. The diversity of our community is reflected across all areas of the organisation's engagem¢nt including its delivery team, its students, volunteers and beneficiaries. Th¢ wmbined strengths of their skills and lived experience complement and enrich the delivery programme. monit(ring, evaluation and anecdotal evidence enables us to realise the impact of IRIE! on its community and users. Participants have told us that out events and activities make them feel h4)py and more connected. improving physical and mental health. and builds confidence. We understand the importanc¢ of listening to what the community want8 observing what is w(rking well. and reviewing areas for imwov¢ment. For example, where sessionls is less Well-attende we seek additional feedback. The outcome could result in increased promotion, postpone in order to review and/or cancellation. We understand that the Cost-of-Living Crisis is negatively impacting on many of our communities. Therefore, we believe that it is more important than ever to offer free and affordable opportunities in a familiar, welcoming and warn] space. Away Day The organisation had its am]ual Away Day on January 27tfy 2024. The day was attended by the trustees and staff. This day allowed us to review the developments of 2023. It was agreed that the work streams would remain with the following PTogrammes awaTd¢d to ch stream: Arts & Culture: Touring productions; Creative Profe&sional Development. Routes to Employment. Education & Training: Accredited Training. Education Packages; Advance Training scheme. Community & W¢llb¢ing: Cultural exchange" Community ¢v¢nts Op¢rations'. Provide an effective, ofeSsiOnal and ¢fficient service, to support th¢ d¢v¢lopment of a robust and r¢sili¢nt organisation. It was also agreed to continue to r¢fm¢ and embed the priorities: Board Development A board development plan is in plac¢. Skills audit has been undertaken of th¢ current Board members. Board recruitment, induction and training procudure has been reviewed along Wit Board polici¢s, strategy, compliance and risk management. Succession Planning Artistic DirectorlCEO Succession planning is an important process f(r the replacement planning or the passing on of key leadership roles and should ideally take place in the case of founding roles. 2-5 years in advance. This process has been delayed as the organisation finds ways of managing the pattern of growth and changethat
TRADING AS IRIE! DANCE THEATRE Company Llmlted by Guarantee Trustees, Annual Report Uncorporating the Director's Report) (eonl¥RMed) Year ended 31 March 2024 Objectlves and aetivities (con11e4) comes as you look to implement strong lead¢rsbip. This will involve the delivery of the founder's experience aligned with th¢ businesses goals. Improving Business Efficiency We ar¢ working towards the development of a coherent strategy, plannins changes to the current staffing structure, delivery function and an improved outcome framework focused on the impact to the end users. Change Management and Restructuring Process IRIEI'S leading role within Dance of the African Diaspora continues to be important For nearly 40 years the organisation has gained valuable knowledge and expertise in the delivery of high-quality dance education and training. The organisation has also ¢stablished sound community networks and has built a strong reputation and partnerships with the local council. university, schools and other key stakeholders. All the above has b¢¢n considered as part of the Theory of Change process which is being undertaken with the trustees and staff at IRIE! This process will enable us to examine in depth what we are seeking to achieve and how we will do this. Our theory of change map will be updated. The map outlines our ultimate impact and outputs to be achieved and core areas to delivery in the short, medium and long terni. The following priorities were agreed: Board Development A board development plan to be implemented which would include but not restricted to, skills audit, board policies, board prioritics, inductiofy recruilment, renewal, training, strategy. compliance and risk management. Succession Plaoning Cr¢ativ¢ Director/0 Succession platming is an important process f(r th¢ replacement planning or the pa&sing on of key leadership roles and should ideally take place in th¢ cas¢ of founding roles, 2-5 years in advance. It is important going f(nvard that IE ! as an organisation finds ways of managing the pattern of growth from founding through maturity to decline and reinvigoration that comes with the change in leadership. This will involve the delivery of tb¢ founder's experience aligned with its business goals. Improving Business Efficiency To provide an enhanced structure and route map to assist th¢ organisation with imFToving busine&s efficiency, effectiveness and sustainability. It will also pro]de guidance and support to the Directors. Going forward there will be a need for a change in infrastrncture" this will entail the dev¢lopm¢nt of a coherent strategy, planning, changes to the current staffmg structur¢. deliv function and an improved outcome framework focus¢d on the impact to the end users. Change Management and Restructuring Process IRIE I's leading role within Dance of the African Diaspora continues to be importanL For nearly 40 years the organisation has gained valuable knowledge and expertise Tn the delivery of high-quality dance education and training. The organisation h&s al so established sound community networks and has built a strong reputstion and partnerships with the local council, university, schools and other key stakeholders. All the above has been considered as part of the Theory of Change process which will be be undertaken with the trustees and staff at IRIE! This process will enable us to examine in depth what we are seeking to achieve and how we will do this. Our theory of change map will be updated. The map outlines our ultimate impact and outputs to be achieved and core areas to delivered in the short, medium and long term.
TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report Uncorporating the Direetorls Report) {colllinMed) Year ended 31 March 2024 Objectlves and aetivities (eonllnwed) The restructuring process will involve changes in busine&s activiti¢s and staffmg structure which will enable the organisation to become more integrated and efficient. Marketing & Publicity We are in the process of rcviewing our Marketing and Communications Strategy. This will include marketing and prom(*ion of our activiti¢sJservices. the advertisinreCruitrncnt of n¢w student for our education programme and crucially raising the awarenesslprofile of IRIE! dance theatre within the professional dance sector. By taking this approach we will ensure that our messaging is consistent, effective and integrated across all platfomis, including social m¢dia. Monitoring and evaluation of th¢ organisation's programme deliveries will play a key role in maintaining high quality across all Work streams. The Moonshot Centre Management.. IRIE I H&8 a Premises Management agreement since 2017 f(r the Moonshot centre. We have continuously endeavoured to work effectively with Lewisham Council to improve and update the condition of the Moonshot premises in ternls of addressing long-standing disrepair issues and achieving regulatory compliance. The borough has committed funding of over £800,000 to replace the roo£ provide energy efficient lighting and decorate all spaces including floor coverings, that have been water-damaged due to years of of leaking from the roof. There have been challenges managing the building. Especially, where there are tenants involved. However, IIUE! continue to support the delivery of efficient management service and work closely with th¢ tenants of the Centre, Playhouse Conununity Nursery and Double Jab Boxing Club, to maintsin standards of cotnpliance and report repairs.
TRADING AS IRIE! DANCE THEATRE Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (coKtill¥ed) Year ended 31 March 2024 Achievements and perfornmnee In response to developing a greater understanding of thc company's impact. At th¢ b¢ginning of the year, a s¢t of outcomes were set. A numb¢r of the outcomes are also in line with outcomes agreed with th¢ majority of our funders. o Improv¢ physical and mental well-being for 1000 local people IRIE! dance theatre engaged 2,000 participants in physical activity within our community programm¢. o Improve educational opportunities and life chances of 800 chilthen and young people 1,900 young children have participated in educational programs focused on cultural awareness and identity. 0 1600 young peopl¢ will gain a better understanding of culturally diverse danc¢ forn]s. IRtE! dance theatre worked with 6 schools, delivering welcome assemblies and engaging a total of 2,000 young people in rhyth dance and Culture. This engagement h&s led onto long terni residency around culturally diverse danc¢ style. o Develop a minimum of 50 opportuniti¢s fcr volunteering, and creative & social skills development for community participants. IIUE! dance theatre has created 54 opportunities for volunteers to develop their social skills through participatory events. o Develop a Minimll of 50 opportunities for volunteerins cr¢ativc & social skills developn]ent for IRIE! students and graduates. 28 opportunities have been presented for IRIE! students and graduates, 2 graduat¢s working with the perfomw]ce company on reconstructing a dance work Opportunities also included volunteering for community programmes, and a&sisting with the Youth Dance Company. o Increase access to activiti¢s at the Moonshot centre and local Fordham Park by 300/0. IRIE!'s annual family Fun Day, drew over 600 participants throughout the day. The increased nun]bers wer¢ aidcd by funding support from D¢ptford Challenge Trust. The company w&s able to do a call out to all local cultural dance groups to perfonn and deliver a workshop as part of a cultural dance f¢stivaL. The success of the day along with all the other activities and tb¢ increase in hires at Moonshot. W¢ were able to increas¢ access by 63 %. Risk Management The charity's existence is primarily based on its capacity to earn income and fundraise, th¢ Trustees continually a&sess potential risk to the organisation. Senior staff members manage this process through direct reporting to th¢ Board at meetings, I to I supervision, and continual monitoring and evaluation of Project plans and outcomes. The Trustees regularly review the IRIE! Fundraising Strategy and, when necessary, programmes that may result in financial risk to the organisation, are adjusted; postponed. or cancelled. io
TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (¢onrfnMed) Year ended 31 March 2024 The company has no reserves. This has bKn raised as a matter of pri(rity conc¢n Th¢ organisation airns to ¢stablish a reserves position and cr¢at¢ a strategy for building reserv¢s tbat provides assurance to stakeholders that the charity is well managed. through s¢tting a reserves level, maintainins activ¢ly managing agre¢d Icvcls, and monitoring and reviewing financial and reserves policy. Financlal review The principal funding source for the organisation is an amalgamation of management service f¢¢s, Lnndon Borough of Lewisham Main GranL BA (Hons) fees and Trusts and Foundation grants. COVID-19 impacted and current cost of living crises on the organisation's ability to maintain and1 increase its earned income. How¢v¢r, with the success of our National LA)tt¢ry Community Fund (NLCF) award, which will support a key worker dedicated to the role of education and communty outreach, earned income from education programme delivery, hires and partnership w(Tking has started to pick up. We are aiming to tsrget more long-tum funding bids. We intend to stay abreast of funding opportunities, build and sustain partnerships. and invest in community cohesion. Grants this year have included, NLCF, Sporting Equals, London Borough of Culture-Gold5mith's-In Living Memory, and ongoing funding from National tK)ttery Heritage Fund, London Borough of L£wisham-Main Grants. The Trnstees are aware that in this uncertain time a level of flexibility has to be adopted while they consider the wider and long-terni impact of the pandemic, and the cost of living crises on any decisions taken on b¢half of the charitys ture. The income for the year is £668,852 This is an increase of £254,005 on the y¢ar befor& The company is carrying surplus funds of £49,430 for this financial y¢ar. IRIE! recognises the need to continue to closely monitor the company's income generation targets as part of our Finance Strategy in order to support th¢ next year of operations. Investment powers policy vand reserves policy: Statement on investtnent powers and reserves are availablc as required. The aim of the Company is to maintain an at]nuaE reserve level to meet a minimum of 3 months operational costs, which we are working towards, however our subsidising of incorn¢. Particularly due to our base at the Moonshot C¢ntre and, LBL historic failures to recognise this has been Challenging, however we intend to make this a priorty as part of our change n]anagem¢nt process over the next 2 years. li
TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report Uncorporating the Director's Report) (¢t>nllmued) Year ended 31 March 2024 Plans for future perlods Work continues to develop th¢ MA programme, that will focus on the individual artists practice with the aim being to increase the offff of our accredited training across the international platfomi, as Eighty percent (800/0) of engagement is on-line and twenty percent (200/ty) in pffson. The womotion of the degree continues to be a priority as we look to develop more partnerships to encourage feeder programrnes to support recruitment. IRIE! will continue to build the profile fi international dialogue engaging with key individuals arts and educational institutions abroad and in the UK. This has been achieved, and will continue to develop, through conf¢renc¢4 student & lecturer exchanges and perfomiance. We continue to pursue relationships that will enable IRIEI to intake international students to the BA (Hons) Diverse Dance Styles course. The touring perfonnance company undertook a research and developrnent programme, producing a work in progress entitled GROUNDATION Dancing from the Archives. The work brought together a collection of West African traditional dances and Jamaican folk dances, that represent social ritual and religious Tltes. The woik toured in London and Liverpool and was well received. Written feedback was extremely cncouraging. The work will b¢ developed into a full production for next year. IRIEI dance theatre perforn]ance company will incre&se the profile of the Irganisation and attract more individllals to OUT programmes and activities. Operationally, change is necessary to support growth and efficiency and to strengthen the delivery of the creative, cultural, artistic and community programmes that continue to thrive. The organisation's community and family programmes will continue to support its gr&ssroots identity. We are becoming bettff connected to a range of organisations working towards the increasing community cohesion, engagement and well-being both locally and nationally. The delivery of profe&8ional development programme4 accredited qualifications, and supporting emerging artists will continue to feature strongly as part of IRIE! dance theatre's future activitie& Historically. conllnunity ¢ngagm¢nt has been a k¢y part of IRIE!'s activities. Going forward the charity wkll Commit to consolidating this arca of work to ¢nsurc sustainability. 12
TRADING AS IRIE! DANCE THEATRE Company Limfited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (¢ontiRued) Year ended 31 March 2024 Plans for future periods (conlinued) Statement of trustee's responsibllitles: The Trustees (who are also dir¢ctors of IRIE! dance theatre for the purpos¢ of company law) are r¢sponsible for preparing the Trustees, Annual Report and th¢ financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trustees to prepare financial statemtS for each financial year, which give a true and fair view of the stat¢ of affairs of the charitable company and of the incoming resources and application of resource4 including th¢ income and ¢xp¢nditure, of the charitable company for that period. In preparing these financial stat¢ment4 the Trustees are required to.. ( ) Select suitable accounting policies and then apply them consistcntly'( ) Observe th¢ methods and principles in the Charities SORP. { ) Make judgments and estimates that are reasonable and prudent ( ) State whether applicable UK Accounting Standards have been followe(L subject to any material departures disclosed and explained in the financial statements. and { ) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that th¢ charitable company will Continue in operation. The Trustees are responsibl¢ for keeping proper accowiting records, which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act 1993. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonabl¢ steps for the prevention and detection of fraud and other iegularlties. E. Jones & Co are dean¢d to be reappointed in accordance with Section 487(2) of the Companies Act 2006. Small ¢OD]pany provisions This report has been w¢pared in accordan¢¢ with the provisions applicable to companies entitled to the all companies ex¢mption. The trustees, annual report was approved on 4 December 2024 d si by.. n behalf of th¢ board of trustees Mr D Clarke - Treasurer Trustee MSB ean - Secretary 13
TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Independent Examiner's Report to the Trustees of IRIE! Year ended 31 March 2024 r¢port to the tste¢S on my ¢xamination of the financial statements of IRJE! (Ihe IRIE! DANCE THEATRE) for the y¢ar end¢d 31 March 2024. Responsibilities Vdnd basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the IRIEI DANCE THEATRE'S accounts as ¢arri¢d out under section 145 of th¢ 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 Since the IRIE! DANCE THEATRE'S 05S income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirn] that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountsnts, which is one of the listed bodies. I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the IRIE! DANCE THEATRE as required by section 386 of the 2006 Act. or th¢ financial stat¢m¢nts do not accord with those r¢cords; or the financial statements 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 fairf view which is not a matter considered as part of an independent examination. or the financial stst¢m¢nts hav¢ not b¢¢n pr¢par¢d in accordan¢¢ with th¢ m¢thods and wincipl of the Statem¢nt of Recommended Practice f(r accounting and rq)orting by charities applicable to charities pieparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 14
TRADING AS IRIEI DANCE THEATRE Company Llmlted by Guarantee Independent Examiner's Report to the Trustees of IRIE! (¢oftth¥ed) Year ended 31 March 2024 I have no ¢onc¢rns and have come across no other matters in co[ectIon with the examination to which attention should be drawn in this report in der to enable a proper undastanding of the accounts to b¢ reached. Darren Smart F.C.C.A. Independent Examiner 132 Burnt Ash Road tA)ndon SE12 8PU 15
TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Statement of Finaneia] Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds 2023 Unr¢stricted fLmds Total funds Note Ineome and endowments Grants and local authority funding Charitable activitics Investment income 30,000 185,741 184 452,927 482,927 185.741 184 204.566 210,178 103 Total incorne 215.925 452.927 668,852 414,847 Expenditure Expenditure on charitable activities Total expenditure 146,632 453,000 599,632 410,653 146,632 453,000 599,632 410,653 Net income and net movement in funds 69.293 (73) 69,220 4,194 Reconciliation of funds Total funds brought fonvard Total funds carried fonvard (23,530) 3,740 (19,790) 49,430 (23,984} (19,790) 45,763 3,667 Th¢ statement of financial activities includes all gains and losses recognised in the year. All incom¢ and ¢xp¢nditur¢ d¢riv¢ from continuing activities. The notes on pages 19 to 29 form part of these finvdncial statements. 16
TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee ststement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed a&sets 14 49.412 40,145 Current assets Debtors Cash at bank and in hand 15 68.417 16,398 33.243 8,512 84.815 41,755 Creditors: amounts falling due within one year 16 35.552 31.812 Net current assets 49,263 98,675 9,943 50,088 Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets 17 49,245 49,430 69,878 (19,790) Funds of the charity Restricted funds Unrestricted funds 3,667 45,763 3,740 (23.530) (19,790) Total charity funds 19 49,430 For the year ¢nding 31 March 2024 the IRIE! DANCE THEATRE was entitled to ¢x¢mption from audit under section 477 of th¢ Companies Act 2006 relating to small compani¢8. Directors, responsibiliti¢s'. The members have not r¢quird th¢ company to obtain an audit of its financial statements for the y¢aT in question in accordance with s¢ction 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial ststem¢nts. Th¢s¢ financial statements have been prepared in accordanc¢ with the wovisions applicable to companies subject to the small compani¢s' r¢gim¢. The statement of financial position continues on the following page. The notes on pages 19 to 29 form part of these financial statements. 17
Company Limited by Guarantee Statement of Financial Position (¢oNth¥ed) 31 March 2024 These financial statements were approved by th¢ board of trnst¢¢s and authoris¢d for i&8ue on 4 December 2024, and are signed on behalf of the board by: Mr D Clarke - Treasurer Trustee The notes on pages 19 to 29 form part of these financial statements. 18
TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantse Notes to the Financial Statements Year ended 31 March 2024 General information The IRIEI DANCE THEATRE is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a register charity in England and Wales. The addT¢ss of the Tegistered office is Moonshot Centr¢, Fordham Park Angus Street, New Cross, London, SE14 6LU. Statement of compliance Th¢s¢ financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ircland,, the Statement of Recommended Practice applicable to charities pr¢paring their accounts in accordance with th¢ Financial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companics Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of c¢rtain fllw]cial &wts and liabilities and investment properties measured at fair value through income or expendittjre. The financial statements are prepared in sterling. which is the fimctional currency of the entity. Going contrrn There are no material uncertainties about the charity's ability to continue. Disclosure exemptions The entity satisfies tbe criteria of being a qualifying cntity as defined in FRS 102 As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in r¢spe¢t of financial 1nstrLents have not been pr¢s¢nt¢d. 19
tRtE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notes to the Financial Statements (¢onlinwd) Year ended 31 March 2024 Accounting policies (¢onliftued) Judgements and key sources of estimation uncertainty The preparation of th¢ financial statements requires management to make judgements, estimates and a&sumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factor4 including expectations of future events that are believed to be r¢asonabl¢ under th¢ circumstanc¢s. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on th¢ amounts recognised in the financial statements are as follows: Management have judged depreciation rates to be in line with the use of the a&8ets. Fund accounting Unrestricted funds are available use at the discretion of the trustees to further any of the charity's purpose Desiated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or t]rough the ternis of an appeal, and fall into one of two sub-cla&8es: restricted income funds or endowment funds. zo
TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notss to the Financial Statsments (continued) Year ended 31 March 2024 A¢¢ounting policies {¢oftliNued) Incomlng resourees All incoming r¢sourccs ar¢ included in the statement of financial activities when entitlement has passed to the charity. it is Probabl¢ that the economic b¢ncfits associated with the transaction will flow to th¢ ¢haTity and th¢ amowit can bc reliably measured. The following sp¢cific policies are applied to particular categories of income: income from donations or grants is r¢cognised when thffe is evidence of entitlement to the gift, receipt is probable and its amount can be m¢asured rcliably. legacy income is re£ognised when r¢c¢ipt is probabl¢ and ¢ntitl¢ment is established. incom¢ from donated goods is measured at the fair value of the goods unless this is iMactIcal to measure reliably, in which c&se 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 th¢ contribution of general voluntee income from Contracts for the supply of services is recognised with the delivery of the contracted service. This is classified &s 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 b¢ regarded &s rcstricted. Resources expended Exp¢nditur¢ is r¢cognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovere(L and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes th¢ costs of all fundraising a¢tiviti¢s, ¢v¢nts, non-charitable trading activitie4 and the sale of donat¢d goods. expenditur¢ on ¢haritabl¢ activitics includes all costs incurred by a charity in undertaking activitics that further its clwtiable aims f(r the benefit of its beneficiaries, including those support costs and wsts r¢lating to th¢ governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither r¢lat¢d to raising funds for th¢ charity nor part of its expenditure on charitable activitie& 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. 21
TRADING AS IRIE! DANCE THEATRE Company Limlted by Guarantee Notss to the Financlal Statements (¢OnlinMed) Year ended 31 March 2024 Accounting polieles (colllinued) Tangible assets Tangible aetS are initially r¢corded at cost, and subsequently stated at cost less any accumulated depreciation and impairnient losses. Any tangible assets carried at revalu¢d amounts are recorded at the fair valu¢ at the date of revaluation l¢ss any subsequent accun]ulat¢d d¢preciation and subsequent accumulated impairment losscs. An incr¢as¢ in the carrying amount of an asset as a result of a revaluation. is r¢cognised in other rccognised gains and losse& unless it reverses a charge for impairnient 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 r¢cognised in other recOlS¢d gains and losses, except to which it offsets any previous revaluation gain, in which case the lo&s 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 (r valuation of an &sset, less its residual value, over the useful economic life of that asset as follows: Fixtures and fittings 210/0 reducing balance IMpairnllt of fixed assets A review for indicators of impairnient is carried out at ¢ach reporting dat4 with the T¢rov¢rable amount b¢ing estimated where such indicators exist. Where the carrying value exceeds the Tecoverabl¢ amounL the a&8et is impair¢d accordingly. Pri(r impairments ar¢ also reviewed for possible reversal at each reporting date. For the pw)0ses of impairnient testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiabl¢ group of assets that includes th¢ ass¢t and generates cash infiows that largcly independent of the cash inflows from other a&8ets or groups of assets. Government grants Government grants are recognised at the fair valu¢ of the asset received or receivabl¢. Grants are not recognised until th¢r¢ is reasonable assurance that th¢ IRIE! DAN THEATRE will comply with the conditions attaching to them and the grants will be received. Where the grant does not llnpos¢ Specifi future perforn]anCe-r¢1at conditions on the recipienL it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified futur¢ perforniance-related conditions on the recipient, it is recognised in income only when the perfomiance-related conditions have been met. Where grants received are Erior to satisfying the revenue recognition criteria, they are recognised as a liability. 22
TRADING AS llUE! DANCE THEATRE Company Limited by Guarantee Notes to the Flnancial Statements I¢oA¢IAued) Year ended 31 March 2024 Accountlng pollcfies (continued) FiDanciYdl instrunt5 Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Llmited by guarantee IRIE is a company limited by guarant¢¢, gov¢rn¢d by its Memorandum and Articl¢s of Association dated August 1991. The Charities Commi&sion registers the company as a Charity. Anyone over the age of 18 can become a trusteeldirector of the company and there are currently 7 trusteesldirectors, each of whom agree to contribute £5 in the event of the Charity winding up. Grants and local authority funding Unrestricted Fun(Ls Restricted Total Funds Funds 2024 Grants Community grants tncal authority grants 452,927 452,927 30,000 482,927 30,000 30,000 452,927 Unrestricted Funds Restricted Total Funds Funds 2023 Grants Community grants Local authority grants 174,566 174,566 30,0(K) 30.000 30,000 174,566 204,566 23
TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notss to the Financial Statements (contynJ Year ended 31 March 2024 Charftable aetfivltfies Unrestricted Total Funds Unrcstricted Total Funds Funds 2024 Funds 2023 Education and communication income Moonshot space hire Other earned income Moonshot management income Roehampton University - Student fees 18.038 40,605 11,312 59,848 55,938 18,038 40,605 11,312 59.848 55,938 29,598 35,940 8,699 58,478 77,463 29,598 35,940 8,699 58,478 77,463 210,178 185,741 185,741 210,178 Investment incon Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 184 184 103 103 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Direct charitable expenditure Support costs 139,232 7,400 448,000 5,000 587,232 12,400 146,632 453,000 599,632 Unrestricted Funds Restricted Total Funds Funds 2023 Dir¢ct ¢haritsbl¢ ¢xp¢nditur¢ Support costs 228,804 7,283 174,566 403,370 7,283 236,087 174,566 410,653 24
TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Iyotes to the Financial Statements (coNlin¥¢d) Year ended 31 March 2024 Expenditure on charitable activities by activity type Activitk¢s undertaken directly Support costs Total funds 2024 Total fund 2023 Direct charitable expenditute Gov¢rnanc¢ costs 587,232 587,232 12,400 403,370 7,283 12,400 587,232 12,400 599,632 410,653 10. Net income Net income is stated after ¢harging/(crediting): 2024 2023 Depreciation of tangible fixed assets 13,134 11,192 11. Independent examination fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 1,260 1,260 12. Staff costs The total staff costs and employee b¢n¢fits for the reporting period are analysed as follows: 2024 2023 Wages and salaries 211,092 189,461 The average head count of employ¢¢s during the year was 8 (2023: 3). The average number of full-time equivalent employees during the year is analysed as follows.. 2024 2023 Finance, administration and support Dir¢rt No employee received employee benefits of more than £60,000 during the year {2023: Nil). 25
TRADING AS IRIE! DANCE THEATRE Company Limitsd by Guarantee Notss to the Financial Statsments (¢oMliNued) Year ended 31 March 2024 13. Trustee remuneration and expenses One or more trustees has been paid remuneration from employment with Ihc Charity. R¢muneration to a trustee is agreed at the annual trustees meeting at the start of the year. A total gross salary of £34,920 (2023: £39,659) was paid to Ms B Glean during the year as CEO, AD and secretary to the board, with no voting rights. 14. Tangible fixed assets Fiitures and rittings Cost At l April 2023 Additions 159,484 22,401 At 31 March 2024 181,885 Depreciation At l April 2023 Charge for the year At 31 March 2024 119,339 13,134 132,473 Carrying amount At 31 Mareh 2024 49.412 At 31 March 2023 40,145 15. Debtors 2024 2023 Trade debtors Oth¢r debtors 65,624 2,793 29,684 3,559 68,417 33,243 26
TRADING AS IRIE! DANCE THEATRE Company Limlted by Guarantee Notes to the Financial Statements (¢oM¢thued) Year ended 31 March 2024 16. Creditors: vamounts falling due Ivfithln one year 2024 2023 Bat)k loans and overdrafts Trade creditors Social security and other tsxes Other creditors - pension Other creditors 27,144 5,528 567 2,310 21,550 6,760 1,192 2,310 35,552 31,812 17. Creditors: amounts falling due after more than one year 2024 2023 Director loan accounts Other creditors 9,000 40,245 15,000 54,878 49,245 69,878 18. Government grants During th¢ year th¢ charity received a range of community fundins We wish to express our thanks to th¢ following entities for their support. National Lottery Conununity Fund Clothworkcrs Foundation Foyle Foundation Arts Council Lewisham Council National Heritage 27
TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 19, Analysis of charitgble funds Unrestrlcted funds At JI March 202 At l April 2023 Income Expenditure General funds (23,530) 215,925 (146,632) 45,763 At 31 March 202 At l April 2022 Income Expenditure General funds (27,724) 240,281 (236,087) (23,530) Restricted funds At JI March 202 At l April 2023 Income Expenditure Restricted Fund - London community DCT and Young Londoners Fund 3.740 452,927 (453,000) 3,667 At 31 March 202 At l April 2022 Incom¢ Exp¢nditur¢ Restricted Fund - LK)ndon community DCT and Young Londoners Fund 3,740 174,566 (174,566) 3,740 28
TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notes to the Financial Statements (coM¢iAutd) Year ended 31 March 2024 20. Analysis of net assets betiveen funds Unrestricted Funds R¢stri¢ted Total Funds Funds 2024 Tangible fix¢d a&s¢ts Cuent assets Creditors less than l year Creditors great¢r than l year Net assets 49,412 81,148 (35,552) (49,245) 45,763 49,412 84.815 (35,552) (49,245) 49,430 3,667 3,667 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than l year Creditors greater than l year Net assets 40,145 38,015 (31,812) (69,878) (23,530) 40,145 41,755 (31,812) (69,878) (19,790) 3,740 3,740 29