COMPANY REGISTRATION NUMBER: 02636958 CHARITY REGISTRATION NUMBER: 1003947 IIUE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Financial Statements For the year ended 31 March 2025 R. E. JONES & CO. Chartered accountants 132 Burnt Ash Road Lee London SE12 8PU
IIUE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trnstees, annual report (incorporating the directoes report) Independent examiner's report io the trustees 12 Statement of financial activities (including income and expenditure account) 14 Statement of financial position 15 Siatement of cash flows 17 Noles to the financial statemenls 18
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial stalements of th¢ IRIE! DANCE THEATRE for the year ended 31 March 2025. Reference and administrative details Registered charity name IRIE! Charity registration number 1003947 Company registration number 02636958 Principal office and registered Moonshot Centre orrice Fordham Park Angus Sireet New Cross London SE14 6LU The trustees Mr H Beckles - Chair Mr D Clarke - Treasurer Ms B Glean - Secretary Ms S Montserrat MT P Ryan Mr J Jeffers- Chair Ms K Hurst (Resigned 19 March 2025) (Appoinled 6 January 2025) (Appointed 6 January 2025) Company secretary Ms B Glean - CEO & AD and Secretary to the Board Independent examiner Darren Sman F.C.C.A. 132 Burnt Ash Road Le¢ London SE12 8PU
IRIE! TRADING AS IIUE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2025 Structureg governance and management The Trustees present their report and th¢ financial statements for the year ended 31 March 2025. The trnslees, who are also Directors of IRIE! (Trading as IRIE! Dance Theatre) for the purposes of company law, and who served during the year and up to the date of this rq)ort. Objectives and actlvities Mission Statement Our mission is to deliver and sustain a range of creative, educational and artistic activities based on stimuli derived from Africa and ihe Caribbean. Our vision is to create an environment where Danc¢ of the African Diaspora (DAD) is llY integraied into the teaching and practice of the wider dance agenda, making the forn] important lo individuals, cominunilies and society. The company aims to promote culture and diversity through outreach, engagement through its touring perfonnance company and inspired partnerships. Our broader aim is lo develop and deliver a range of creative and diverse activities for all Éhat 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 201 I Charities Act. Structure? governance and management Governing Document IRIE! is a company limited by guarantee, governed by its Memorandum and Articles of Association dated August 1991. The Charities Commission registers the company as a Charity. Anyone over the age of 18 can become a member of the coillpany and there are currently 5 members, each of whom agree to contribute £5 in the event of the Charity winding up. Appointment of Trnstees Trustees are asked to nominate new Trustees prior to the AGM. The Trustees are also ¢ntiiled to co-opt specialist Trustees, wilh 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 advice but are unable, because of other cominitments, to become full members. Invitations for s¢lf-nominalion are distributed to similar charities locally. Advisors are asked to to attend Board and other meetings as deemed appropriate by the Board.
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (coniintsed) Year ended 31 March 2025 Current Members of the Board Joseph J¢ff¢rs Desmond Clarke Beverley Glean Sheba Montserral Pauletle Ryan Kellie Hurst Chair Treasurer Secretary (no voting rights) Truste¢ Trustee Truslee Trustee's Induction, Training and Operational Obligations Afier a fonnal interview with senior management and subsequent review by Chair and Vice Chair. Potential Trustees are asked to attend an IRIE! Board meeting prior to deciding whether they wish lo take on this voluntary role. New Trustees are inducted into the company through a ineeting with a Senior Officer. They are also Tequired to attend al least one board meeting prior to confinnation. This provides prospective Trnstees and Direclors with an overview of the organisation, its activities and objectives and infornis them of their legal obligalions under 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 th¢ir undertaking as a TrusieelDiTector. Operating Model The Board meets a minimum of 4 tin]es per year. It is expected that all Trustees/Directors will attend all Board meetings and contrlbute to the appropriale governanc¢ of the organisation, whether in/at meetings or outside of meetings. If a Trustee/Director is unable to altend a Board meeting they are expected to send an apology. If a TrnsteelDirectoi fails to send an apology to two consecutive ineetings in a year or ih¢y fail to attend 3 consecutive ineetings ihey will be subject lo compulsory resignation. The Chief Executive Officer & Artistic Director (CEO & AD) is appoinled 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 continue to encapsulate and reflect the company's mission statement. The CEO & AD delegates authority, approved by the trustees, to a Senior Management Ten, which comprises the Director of Accredited Training and Business Director (post vacant) who support the CEO & & AD in the day to day managing of operational matters including finance, building management, employmenl, education & community outreach, and artistic perforniance related activities. Eighty five percent (85 /0) of the work undertaken by the company from April 2024 to March 2025 took place in the London Borough of Lewisham (LBL). The work of the company is rooted in Caribbean folk dance, music and culture as well as Wesl African traditional dance, drumrning and culture. These traditions influence the overall planning and delivery of the prograinmes alongside oiher historical and
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {c&niinuedJ Year ended 31 March 2025 contemporary local, cultural and social issues. IRIE! is strongly embedded in the community and has professional relationshtps with a number of related local organisalions and institutions including, The Midi Music Company. The Albany- Goldsmiihs University; Phoenix Federation Schools. Lewisham Education Arts Network; Lewisham Homes and the Migration Museum to name a few. Community cohesion and engagement will continue to be key to th¢ cornpany's development and delivery. IRIEI is based at the Moonshot Centre, where the company currenily hold a Premises Management Agreerneni for the building, sinc¢ 2017 on behalf of London Borough of Lewisham. The building is based in Fordham Park in New Cross, which provides ideal SuoUnd1ngS and resources for ¢ominunity-based activities, in-doors and out-doors, which is beneficial to the organisalion's development. Our space and activities provide favourable programmes and conditions for children and young people to engage wilh the company and for the company to connect with and understand Ihc needs of the coinmunity in which it serves. We assess those needs through regular monitoring & ¢valuation, questionnaires and anecdotal feedback. Funding Partners The company's success in securing three-year funding from the National Lottery Community Fund (2022-2025) has been invaluabl¢ in supporting ils users, the local community, creative practitioners. and its workforce throughout th¢ financial year. This funding has played a key role in sustaining IRIEI, programmes and maintaining their continuity. The company's deep connection with the community remains intrinsic to every aspect of its practice and service delivery. As such, the ethos of lRIE!'s activities continue to guide all that we do as we move fonvard. With this funding cycle approaching its end, the team has begun the process of reviewing current programmes, as well as researching and applying for alternative funding opportunities to ensure the ongoing delivery and impact of our work. In April 2023, IRIE! dance theatre was awarded Arts Council England National Portfolio Organisation (NPO) funding for three years (2023-2026), with an additional y¢ar (2026-2027) subsequently confirn)ed by ACE. This award supports the re-introduction of th¢ p¢rforn]anc¢ company through a research and development process, culminating in the touring of a new work entitled GROUNDATION: Dancing from the Archive. The funding also underpins key areas of organisalional development, including good governance, succession planning, restructuring, community centre development, and the creation of work for and with graduates and emerging artists. Local Authority funding from the London Borough of Lewisham (2023-2026) is also approaching review. This ongoing support has b¢¢n, and continues to be, instrumental in enabling IRIEI to deliver socially engaged and creative projects that benefit residents across the borough. Reserves Policy The TsleeS aim to mainlain a level of reserves to ensure that contrdctual commitments to staff and suppliers can b¢ m¢t in ih¢ event of a sudden change, or loss, in funding.
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conlinued) Year ended 31 March 2025 Policies on investmenl pow¢rs and reserves are available as required. The aim of the Company is lo maintain an annual reserve level to ineet a minimum of 3 months operalional costs. Objectives and activities Key Partnerships London Borough of Lewisham: IRIE!'s partnership with the London Borough of Lewisham remains strong and continues to develop positively. The company is an active member of the borough's Cultural Siralegy Partnership, conlributing feedback lo the forthcoming stralegy document. Discussions around IRIE!'s managemenl agreement with the borough are ongoing. IRIE! parlicipated in Lewisham's first SEEN Festival, celebraling global majority creatives, and proudly launched Black History Month with GROUNDATION: Dancing from Ihe Archive-an event attended by Brenda Dacres (Mayor of Lewisham) and the Deputy High Commissioner of Jamaica. Goldsinith University of London= The partnership with Goldsmiths continues to strengthen through successful collaboralions with the Community Engagement and Theatre and Perfonnance {TAP) teams. Joint initiatives have included volunteer prograinines, Open Days, workshops, and Museum Lates at the Horniman Museuin featuring the perforniance company. We look fonvard to further cornmunity and academic collaborations. N¢sta: IRIE! has entered yr five of its Cultural Impact Agreement with Nesta, which now concludes in March 2026, following an agreed loan holiday during and after COVID-19. Figurative (fonnerly a division of Nesta) continues to provide support, with quarterly check-ins ensuring effective programme delivery and organisational stability amid ongoing economic challenges such as the cost-of-living crisis. Main activities for the year The work of the organisation remained steady especially via funding from National Lottery Community Fund (NLCF) for the Moonshot Community programme. This continues to support the post for Education and Community Engagement Coordinator, Administrator and Facilities Officer. The award supports the company's service delivery, in the areas of education, outreach and community ¢ngagement and develop prograrnmes alongside our LBL main grants programme. Arts Council England, National Portfolio Organisalion funding has enabled the reintroduction of the perfomiance company and infrastrncture d¢v¢lopment for the organisation.
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (coniinued) Year ended 31 March 2025 Objectives and activities {conlinuedJ Main activitkes for the year cont... Workshops The workshop programrne continues to develop and expand, fostering new cominunity relationships, partnerships, and venue hires. We have successfully delivered an increased range of free and affordable community classes, led by a diverse team of tutors representing a wide range of ages and eihnic backgrounds, ensuring broad appeal and accessibility across the community. Youth Dance Company The Youth Dance Company continues to grow in popularity, attracting many young participants from our local partner schools, the majority of whom are of Caribbean and Wesl African heritage. The company primarily focuses on traditional Wesl African dance, a genre that has proven both engaging and successful. While attendance has dipped slightly due to several older members transitioning to secondary school, overall participation rernains sleady, with 12-18 young people attendtng weekly sessions. We are particularly encouraged by the enthusiasm, commitmenl, and ongoing support shown by parents and guardians, whose involvement coniinues to strengthen the group's sense of community and continuity. Community Engagement A thriving cominunity programme continues to encourage local r¢sid¢nls and grassroots organisations to hire our facilities and d¢liver their own sessions. Long-tenn partners such as Both Dance and the Church of Pentecost demonstrate the value and sustainability of this approach. The diversity of our community is reflected across all 8SP¢Cts of IRIE!'s work-from our delivery team and students to volunteers and beneficiaries. Th¢ combined strengths, skills, and lived experiences of ihose involved continue lo enrich our programmes and enhance their iinpact. Our monitoring, evaluation. and participant feedback highlight the positive difference IRIE! inakes to the community. Participants frequ¢nily report that our evenls and activili¢s make them feel happier, healthier, and more connected, improving both physical and menlal wellbeing and building confjdence. We recognise the importance of listening io our community, observing what works well, and reviewing areas for improveinent. Where sessions are less well attended, we seek feedback to infomi actions such as increased promotion, rescheduling, or cancellation. We ar¢ also aware of the challenges many face due to the Cost-of-Living Crisis and ih¢r¢for¢ remain committed to providing free and affordable opportunities within a welcoming, in¢lusiv¢, and supportive space. Work Streams IRIE!'s delivery and operational programmes are structur¢d across four key work streams. Arts & Culture: Touring productions; professional development. Making Tracks-routes lo employment." Education & Training: Accredited tratntng. education packages. advanced training scheines., Cominunity & Wellbeing: Cultural exchange. community evenis. volunteering., Operalions: Delivering effective, professional, and efficient services to build a robust and resilient organisation, includtng HR, Finance and Fundraising> IT, Marketing and Communications, Social Media, and Facilities. To strengthen operations further, we will continue to refine and embed our organisational priorities in ihe following areas..
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {conlinued) Year ended 31 March 2025 Objectives and activities (conlillued) Board Development A comprehensive Board Developinent Plan is in place. A skills audit of current Board inembers has been compleled, and recruitment, induction, and training procedures have been reviewed. Work continues to strengthen Board policies, strategic planning, compliance, and risk management. Succession Planning Artistic Director/CEO Succession planning remains a key priority to ensure continuity of leadership, particularly for founding roles, ideally planned 2-5 years in advance. Progress has been delayed as the organisation manages ong70ing growth and structural change, bul this process will ensure the foundeT'S experience is aligned with IRIE!, evolving stralegic and business goals. Improving Business Efficiency We are developing7 a coherent organisational strategy, incorporating adjustments to the staffing structure, delivery functions, and an outcome framework focused on impact. The change management and restructuring process is now in Phase 2, with the new staffing structure implemented and work underway to produce an updaled Business Plan and strategic frameworks. IRIEI, leadership role in Danc¢ of the African Diaspora (DAD) remains as vilal as ever. With nearly 40 years of expertise in delivering high-quality dance education and training, IRIE! has built extensive community networks and strong partnerships with Lcwisham Council, Goldsmiihs University, local schools, and key stakeholders. These slrengths ar¢ being captured and r¢fin¢d ihrough our Th¢ory of Chang¢ process with miste¢s and staff. This framework enables us lo def)ne clearly what we aim to achieve and how we will achieve it, mapping short-, medium-, and long-tern] goals, outputs, and impact. Marketing & Publicity Our Marketing and Communications Strategy is under active review to enhance visibility and engagement aeross all platfonns. This includes the promotion of activities and services, student recrnitment, and lh¢ elevation of IRIE!'s profile within ihe professional dance sector. A consistent and integral¢d approach across digilal, prinl, and social media will ¢nsur¢ stn)ng messaging and brand alignment. Ongoing monitoring and evaluation will help maintain quality and coherence across all work str¢ams. The Moonshot Centre Management: Since 2017, IRIE! has managed the Moonshot Centre under a Premises Management Agreement with Lewisham Council. We continue to work collaboratively with the Council to maintain and improve the building, addressing long-standing issues and ensuring compliance with safety and regulatory standards. The Council's £800,000 investment in 2024 to replace the roof inarked a major milestone in the Centre's upkeep. Building management continues to present challenges, particularly in liaising with ienants on service costs, but IRIEI remains fully committed to effective facility management. We work closely with Playhouse Community Nursery and Double Jab Boxing Club to ensure compliance, mainlain good communication, and deliver tiinely repairs.
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Iconiinu¢dJ Year ended 31 March 2025 Strategic report The following sections for achievements and perfonnance and financial review forn] the strategic report of the IRIE! DANCE THEATRE. Achievements and performance To deepen understanding of the company's impact. a s¢ri¢s of m¢asurable outcom¢s were s¢t at the beginning of the year-many of which align with funder expectations. The results demonstrate significant progress and community benefit. Improved physical and mental wellbeing.. IRJE! dance theatre engaged 2,000 participants in physical activities through ils cominunity prograinine, exceeding the original target of 1,000. Enhanced educational opportunities and life chances: Over 1,900 children and young people participated in educalional programmes promoting cultural awareness and identity, surpassing the target of 800. Increased understanding of culturally diverse dance forn]s'. IRIE! collaborated with six schools, delivering asseinblies and workshops that engagFed 2,000 pupils in rhythm, dance. and culture-leading lo ongoing residencies in culturally diverse dance styles. Volunteering and skills development - community participants: A total of 54 volunteering opportunities were created, enabling community members to develop social and creative skills through parlicipatory ev¢nts. Volunteering and skills developinenl students and graduates.. 28 opportunities were offered to IRIE! students and graduales, including placemenls with the Perfonnance Company and Youth Dance Coinpany, as well as volunteering across community programin¢s. Increased access to activities al the Moonshot Centre and Fordham Park: IRIE!'s Annual Family Fun Day altracled over 650 participants, alongside a Cultural Dance Festival featuring local groups. Combined wilh increascd venu¢ hires, overall community access rose by 65 %, more than doubling the initial 300/0 target. Risk Management The Trustees and senior management team continually assess potential risks to the organisalion, panicularly those related io income generation and fundraising. Risks are managed through regular board reporting, one-to-one supervision, and ongoing monitoring and evaluation of all projects and oulcomes. The Board reviews the Fundraising Strategy regularly and mak¢s adjustments to programmes Ihal inay present financial or op¢ralional risk, including poslponemenl or cancellation when necessary. The organisation currently holds no financial reserves, which has been identified as a priority concern. A Reserves Strategy is being developed to establish, mailltain, and actively manage a sustainable reserves position-PToviding stakeholders with confidence that the charity remains financially stable and well governed.
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (coNiinued) Year ended 31 March 2025 Financial review The organisation's principal funding sources comprise management service fees, the London Borough of Lewisham Main Granl, MA/BA (Hons) course fees, and Trusts and Foundation grants. The ongoing cost-of-living crisis continues to affect the organisation's ability to sustain or grow earned income. However, the National Lottery Con]munity Fund (NLCF) award continues to support a key education and community outreach role. Income from education programme delivery, venue hires, and partnership projects has increased, and we are now focusing on securing longer-terni funding. We remain comjnitted to pursuing new funding opportunilies, strengthening partnerships, and investing in community Cohesion. Our main grants this year have been received from the Ans Council England and the NLCF. The incom¢ for the year is £647,743 This is an decrease of £21,109 on the year before. The company is carrying surplus funds of £44,939 for ihis financial year. IRIE! recognises the need to continue to closely monitor the company's income generation largels as part of our Finance Strategy in order to support the next year of operations. Investment poivers policy and reserves policy: Statement on investment powers and reserves are availabl¢ as r¢quir¢d. The aim of th¢ organisation is to mainlain an annual reserve l¢vel to m¢¢1 a minimum of 3 months operational costs, which we are working towards.
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {¢ohtihued) Year ended 31 March 2025 Plans for future periods We will continue to work on ihe development of the MA Programme, which will focus on the individual artist's practi¢¢ and aim lo expand IRIEI'S accredited training off¢r internationally. With 80% of engagement delivered online and 200/0 in person, promotion of the degree remains a priority as we build partn¢rships and feeder programmes to support recruitment. IRIE! will continue to strengthen its inlernational profile by fostering dialogue with key individuals, arts and educational institutions both in the UK and abroad. This is being achi¢ved through conferences, exchanges, and perforn]ances, paving the way for increased international student intake lo the BA {Hons) Diverse Dance Styles course. The perfonnanc¢ company completed a research and development phase for GROUNDATION.. Dancing from the Archives, which explored West African and Jamaican folk dances reflecting social and spiritual tradilions. The tour in London and Liverpool was well received, with highly positive feedback. The work will be developed inio a full produclion next year, ¢nhancing IRIE!'s profile and engagement. Operationally, the oiganisation continues to evolve to support growih, efficiency, and quality across creative, cultural, and community prograrnmes. IRIE!'s coinmunily and family programmes will remain at the heart of its work, reinforcing its grassroots id¢nlity. The charity is committed to building slronger connections with partners promoting community cohesion, engageinent, and well-being. while conlinuing to invest in professional dev¢lopm¢nt, accredited training, and emerging artists. io
TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Trustees, Annllal Report Uncorporating the Director's Report) {colltinued) Year ended 31 March 2025 Plans for future periods (¢ontillued) Statement of trustee's responsibilities: The Trustees (who are also directors of IIUE! dance theatre for the purpose of company law) are responsible for preparing the Trustees, Annual Report and the financial stalements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trustees to prepare financial statements for each financial year. which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditur¢, of the charitable company for that period. In preping these financial statements, the Trustees are required to: ( ) Selecl suitable accounting policies and then apply them consist¢ntly'( ) Observe the methods and principles in the Charities SORP. ( ) Make judgments and estimates that are reasonable and prudent ( ) State whether applicable UK Accounting Standards have been followed, subjeth lo 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 the charitable company will continue in operation. The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charitable company and which enabl¢ Ihem to ensure that the financial statements comply with the Compani¢s Act 2006 and the Charities Act 1993. They are also responsible for safeguarding the assets of the charitable company and hence for taking Teasonable sl¢ps for the prevention and detection of fraud and other irregularities. R.E. Jones & Co are deemed to be reappoinled in accordance with Section 487(2) of th¢ Companles Act 2006. Small company provisions This report has b¢en epared in accordance with the provisions applicable to companies enlitled to the small companies exemplion. The trust by.. report was approved on l November 2025 and signed on behalf of the board of trusiees Mr D Clarke - Tr¢&surer Trustee Ms B Glean - Secretary Trustee 11
IRIE! TRADING AS IRIE! DANCE THEATRE Company Llmited by Guarantee Independent Examiner's Report to the Trustees of IRIE! Year ended 31 March 2025 report to Ihe trustees on my examination of the financial statements of IRIE! ('the IRIE! DANCE THEATRE,) for the year ended 31 March 2025. Responsibilities and 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 ihe Companies Act 2006 ('Ih¢ 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Acl and are eligible for independeni exainination, I reporl in respect of my examinalion of the IRIE! DANCE THEATRE'S accounts as Caled out under section 145 of the Charities Act 2011 ('the 201 l Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 201 l Act. Independent examiner's statement Since the IRIE ! DANCE THEATRE'S gross income exceeded £250,000 your examiner musi be a member of a body listed in section 145 of the 2011 Act. I confimi that I am qualified to undertake the examination because I am a member of ihe Association of Chartered Certified Accountants, which is one of ihe listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving m¢ cause to believe: accounting records were not kept in respecl of the IRIEI DANCE THEATRE as required by section 386 of the 2006 Act. or the financial statemenls do not accord with those records; or the financial slatements do not comply with Éhe accounting r¢quir¢m¢nls of section 396 of ihe 2006 Acl other than any requirement that the accounts give a 'true and fair, view which is nol a matter considered as part of an independellt examination. or the financial stateinents have noi been prq)ar¢d in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charilies applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 12
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Independent Examiner's Report to the Trustees of IRIE! {c?nhnued) Year ended 31 March 2025 I have no concerns and have come across no other matters in connection with Ihe examination to which attention should be drawn in ihis report in order to enable a proper understanding of the accounts to be reached. Darren Smart F.C.C.A. Independent Examiner 132 Burnt Ash Road Lee London SE12 8PU 13
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restricted funds Total funds 2024 Unrestricted funds Tolal funds Note Income and endoivments Grants and local authority funding Charilable activities Other trading activities Investment income 30,000 202,708 20,481 394,523 424,523 202,708 20,481 31 482,927 185,741 184 Total income 253,220 394,523 647,743 668,852 Expenditure Expenditure on raising funds: Costs of raising donations and legacies Expenditure on charitable activities Total expenditure 593 257,118 593 651,641 io,ii 394,523 599,632 257.711 394,523 652,234 599,632 Net (expenditure)/income ana net Jnovement in funds (4,491) {4,491) 69,220 Reconciliation of funds Total funds brought fonvard Total funds carried fOard 45,763 3,667 49,430 (19,790) 41,272 3,667 44,939 49,430 The stal¢ment of financial activities includes all gains and loss¢s rwognised in the year. All income and expenditure derive from continuing activities. The notes on pages 18 to 28 form part of these financial statements. 14
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 16 43,246 49,412 Current assets Debtors Cash at bank and in hand 17 49,600 ,333 68,417 16,398 60,933 84,815 Creditors: amounts falling due within one year 18 31,423 35,552 Net current assets 29.510 49,263 Total assets less eurrent liabilities 72,756 98,675 Creditors.. amounts falling due after more than one year 19 27,817 49,245 INet assets 44,939 49,430 Funds of the charity Restricted funds Unrestricted funds 3,667 41,272 3,667 45,763 Total charity funds 21 44,939 49,430 For the year ending 31 March 2025 the IRIE! DANCE THEATRE was ¢ntitl¢d io exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The meinbers have not required ih¢ Company to obtain an audit of its financial slatements for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirern¢nts of the Act with respect to accounting records and the preparation of financial statements. These financial stal¢ments have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 18 to 28 form part of these financial statement& 15
Company Limited by Guarantee Statement of Financial Position (continued) 31 March 2025 These financi al statements were approved by the board of trust¢es and authorised for issue on l November 2025, and are signed on behalf of the board by.. Mr D Clarke - Treasurer Trustee The notes on pages 17 to 27 form part of these financial statements. 16
IIUE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operating activities Nel (exp¢nditure)lincome (4,491) 69,220 Adju.slmentsfor." Depreciation of tangible fixed assets Other inler¢st re¢¢ivable and siinilar income Interest payable and similar charges 11,496 (31) 2,087 13,134 (184) 11,447 Changes in.. Trade and oih¢r d¢btors Trade and oih¢r creditors 18,817 (26,557) {35,174) (10,893) 47,550 Cash generated from operations 1,321 Jnterest paid Interest received (2,087) 31 (11,447) 184 Net cash (used in)/from operating activilies (735) 36,287 Cash l]ows from investing activities Purchase of langible assels Net cash used in investing activities (5,330) (5,330) (22,401) (22,401) Cash flows from financing activities Proceeds from borrowings Net cash from/(used in) financing aclivities 1,000 (6,000) 1,000 (6,000) Net (decrease)lincrease in cash and cash equii'alents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (5,065) 16,398 7,886 8,512 11,333 16,398 The notes on pages 18 to 28 form part of these financial statements. 17
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notes to the Financial Statements Year ended 31 Mareh 2025 General information The IRIE! DANCE THEATRE is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a regisiered charity in England and Wales. The address of the registered office is Moonshot Centre, Fordham Park Angus Street, New Cross, London, SE14 6LU. Statement of compliance These financial statements hav¢ been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Stateinent 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) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properlies measured at fair value through income or expenditure. The financial statements are prepar¢d in slerling, which is the nCtIOnal cUencY of the entity. Going concern There are no malerial uncertainties about the charity's ability to continue. Disclosure exemptions The ¢ntity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exen]Piions available under paragraph 1.12 of FRS 102: {a) No cash flow statement has been presented for the company. {b} Disclosures in respect of fmancial instrumenls have not b¢en presenled. 18
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notes to the Financial Statements (coniinued) Year ended 31 March 2025 Accounting policies (contimued) Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, eslimales and assumptions that affect the amounts reported. These estimates and judgemenls are continually reviewed and are based on experience and other factors, including expectations of future events thal are believed to be reasonable under th¢ circumstances. Significant judgements The judgements (apart from those involving eslimations) that management has inade in the process of applying the entity's accounting policies and that have ih¢ mosl significant effect on the amounls recognised in the financial stalements are as follows= Management have judged depreciation rates to be in line with the use of th¢ assets. Fllnd accounting Unreslricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestrAcl¢d funds earniarked by th¢ twstees for particular tUre project or coinmitment. Restricted funds are subjected to restriclions on their expenditure declared by the donor or through the lenns of an appeal, and fall into one of two sub-classes: restricted income funds or endowmenl funds. 19
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notes to the Financial Statements (Contilled} Year ended 31 March 2025 Accounting policies (coNtinued) Incoming resources All incoining resources are included in the statement of financial activilies when entitlement has passed to the charity; il is probable that the economic benefits associated with Ihe transaction will flow to the charity and the ainounl can be reliably measured. The following specific policies are applied to particular categories of income- incom¢ from donations OT grants is recognised when there is ¢vidence 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. incoine from donated goods is measured at ihe fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to Ihe donor or the eslimated resale value. Donated facilities and servic¢s are recognised in the accounts when received if the value can b¢ 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 s¢rvice. This is classified as unrestricted funds unless there is a conlractual requirein¢nt for it to be spent on a particular PUTpose and returned if unspent, in which case it may be regarded as restricled. Resources expended Expenditure is recognis¢d on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannol b¢ fully recovered, and is classified under headings of the statement of financial activities to which it relales= expenditure on raising funds includes the costs of all fundraising activities, evenls, non-charitable Irading activities, and the sal¢ of donated goods. expenditure on charitable Octivities tnclvd¢s all costs incurred by a charity in undertaking activities that further its charilable aims for ihe benefit of its beneficiaries, including those support costs and cosls relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expendithre that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs ar¢ allocated to expenditure categories Teflecting th¢ use of the resource. Direcl costs attribulable to a single activity are allocated directly to that activity. Shared cosls are apportioned between the activilies they contribute lo on a reasonable, justtfiable and consistent basis. 20
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notes to the Financial Statements Icontinuedj Year ended 31 March 2025 Accounting policies l¢otttiMuedJ Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impainnent losses. Any langible assets carried at revalued amounts are recorded at the fair valu¢ at the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impainnenl losses. An increase in the carrying amount of an asset as a result of a revalualion, is recognised in other recognised gains and losses, unless it reverses a charge for impairn)ent that has previously been recognised as expenditure within the statement of financial activities. A decrease in the caTrying anlount of an asset as a resuli of revaluation, is recognts¢d in other recognised gains and losses, except to which it offsets any previous revaluation gatn, in which case the loss is shown wiihin oiher recognised gyains and losses on ihe statement of financial activili¢s. Depreciation Depr¢ciation 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 assel as follows: Fixtures and fittings 210/0 reducing balance Impairment of red assets A review for indicators of impairn]ent is carried out al each reporting date, with the recoverable amount being estiinated where such indicators exist. Wher¢ the carrying value exceeds ihe recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impaim]ent testing, when it is not possible to estimate the recoverable arnount of an individual asset, an estimate is made of th¢ recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallesl identifiable group of assets thal includes the asset and generates cash inflows that largely independenl of the cash inflows from other assets or groups of assets. Government grants Governm¢nt grants are recognised al the fair value of the asset received or receivable. Grants are not recognised unlil there is reasonable assurance that the IRIEI DANCE THEATRE will comply with the condilions atlaching to them and the grants will be received. Where the grant does not impose specified future perfonnance-related conditions on Ihe recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does irnpose specified tUre perfonnance-related conditions on the recipient, it is recognised in income only when the perforniance-related conditions have b¢¢n met. Where grants received are prior to satisfying the revenue recognition criteria, they are r¢cognised as a liability. 21
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notes to the Financial Statements (coniinmed) Year ended 31 March 2025 Aeeounting policies {conli4ryued) Financial instruments Financial liabilities and equity instrnmenls are classified according to the subslance of the contractual arrangemenls entered into. An equity instwment is any contract that evidences a residual interest in the assels of lh¢ entity after deducting all of its financial liabilities. Limited by guarantee IRIE is a company limited by guarantee, governed by its M¢morandum and Articles of Associalion dated August 1991. The Charities Commission 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 evenl of the Charity winding up. Grants and local authority funding Unrestricted Funds Restricted Total Funds Funds 2025 Grants Community grants Local authority grants 394,523 394,523 30,000 30,000 30,000 394,523 424,523 Unrestricted Funds Restricted Total Funds Funds 2024 Grants Community grants Local auihorily grants 452,927 452,927 30,000 30,000 30,000 452,927 482,927 22
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notes to the Financial Statements (coniinmed) Year ended 31 March 2025 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Education and cornmunication income Moonshol space hire Other earned income Moonshol management income Goldsmith, University of London - student fees 20,206 49,587 8,903 59,848 20,206 49,587 8,903 59,848 18,038 40,605 ,312 59,848 18,038 40,605 11,312 59,848 64,164 64,164 55,938 55,938 202,708 202,708 185.741 185.741 Other trading activities Unrestricted Total Funds Unr¢slricted Total Funds Funds 2025 Funds 2024 Service charge 20,481 20,481 Investment income Unr¢slricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interesl r¢c¢ivablc 31 31 184 184 Costs of raising donations and legacies Unrestricted Total Funds Unr¢stricted Total Funds Funds 2025 Funds 2024 Costs of raising donations and l¢gaci¢s - Oth¢r type I 593 593 23
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notes to the Financial Statements (conlivued) Year ended 31 March 2025 10. Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Direct charitable expenditure Support costs 244,023 13,095 387,123 7,400 631,146 20,495 257,118 394,523 651,641 Unrestricted Funds Restricted Total Funds Funds 2024 Direcl charitable expenditure Support costs 139,232 7,400 448,000 5,000 587,232 12,400 146,632 453,000 599,632 I l. Expenditure on charitable activities by activity type Activilies undertaken directly Support costs Total funds 2025 Total fund 2024 Direct charitable expenditure Governance costs 631,146 631,146 20,495 587,232 12,400 20,495 631,146 20,495 651,641 599,632 12. Net (expenditure)/income Net (expenditure)lincome is stated after charging/(¢r¢diling): 2025 2024 D¢pr¢ciation of tangible fixed assets 11,496 13,134 13. Independent examination fees 2025 2024 Fees payable to the independent examiner for: Independent examination of the financial statements 1,260 1,260 24
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notes to the Financial Statements {continued) Year ended 31 March 2025 14. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries 229,590 211,092 The average head count of employees during the year was 8 (2024: 8). The average number of Il-time equivalent employees during the year is analysed as follows: 2025 2024 Finance, adminislration and support Direct No employee received employee benefits of more than £60,000 during the year (2024: Nil). 15. Trnstee remuneration and expenses One or more trustees has b¢¢n paid rcmuneralion from ¢mploym¢nl with the charity. Remuneration lo a trustee is agr¢ed al the annual trustees rne¢ting at Ihe start of the year. A total gross salary of £36,776 (2024.. £34,920) was paid to Ms B Glean during the year as CEO, AD and secrelary lo the board, with no voting rights. 16. Tangible fixed assets Fixtures and rittings Cost At l April 2024 Additions 181,885 5,330 At 31 March 2025 187,215 Depreciation At l April 2024 Charge for the year At 31 March 2025 132,473 11,496 143,969 Carrying amount At 31 March 2025 43,246 At 31 March 2024 49.412 25
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notes to the Financial Statements (contirtued) Year ended 31 March 2025 17. Debtors 2025 2024 Trade debtors Other debtors 48,091 1.509 65,624 2,793 49,600 68,417 18. Creditors.. amounts falling due within one year 2025 2024 Trade creditors Social security and other taxes Other creditors - pension Other creditors Other creditors 14,029 14,403 561 120 2.310 27,144 5,528 567 2,310 31,423 35,552 19. Creditors: amounts falling due after more than one year 2025 2024 Direclor loan accounts Other creditors i 0,000 17,817 9,000 40,245 27,817 49,245 20. Government grants During ih¢ y¢ar the charity received a range of cominunity nding. We wish to express our thanks to the following entities for their support. National Lottery Community Fund Clothworkers Foundation Foyle Foundation Arts Council Lewisham Council National Heritage 26
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2025 21. Analysis of charitable funds Unrestricted funds At 31 March 202 At l April 2024 Income Expenditure General funds 45,763 253,220 (257,711) 41,272 At 31 March 202 At l April 2023 Incom¢ Expenditure General funds (23,530) 215,925 (146,632) 45,763 Restricted funds At 31 March 202 At l April 2024 Income Expenditure Restricted Fund - London community DCT and Young Londoners Fund 3,667 394,523 {394,523) 3,667 At 31 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 27
IRIE! TRADING AS IRIE! DANCE THEATRE Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 22. Analysis ofnet assets behveen funds Unreslricled Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than l y¢ar Creditors greater than l year Net assets 43,246 57,266 (31,423) (27,817) 41,272 43,246 60,933 (31.423) (27,817) 3,667 3,667 44,939 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than l year Creditors greater than l year Net assets 49,412 81,148 (35,552) (49,245) 49,412 84,815 (35,552) (49,245) 49,430 3,667 45,763 3.667 23. Analysis of changes in net debt At At l Apr 2024 Cash flows 31 Mar 2025 Cash at bank and in hand Debi due afier one year 16,398 (9,000) (5,065) ( 1,000) (6,065) 11,333 ( 10,000) 7,398 1,333 28