2021-03-31-accounts - Siobhan Davies Dance Company

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Contents
Trustees report.
Regulatory info..
Audit Report..		.12
Statement of Financial	Activity ..	.16
Balance Sheet..		.17
Cashflow Statement		.18
Notes to Financial Statements		.19

Chair		E	Gladstone
Treasurer		P	Barker
Trustees		C	Albert (appointed			3 February 2021)
		A	Bell
		M	Hargreaves	(appointed			13May 2020)
		E	King
		A	Meyric Hughes		(resigned		19May 2021)
		0	Reeve
		N	Smirnoff (resigned			21 July 2021)
		S	Subramaniam		(appointed		3 February 2021)
		S	Wigglesworth
Company	Secretary	D	McDonald

Artistic Director	Artistic Director	SDavies	(resigned 31 March 2021)	(resigned 31 March 2021)
Co-Artistic	Directors	APL Lok;	K Bridge (appointed	1 April 2021)
Executive	Director	D McDonald
Programme	Director	LWright	(until 31 March 2021)

Charity Number	Charity Number	1010786
Company	Number	02701923
Registered	Office	71 Queen Victoria Street, London, EC4V4BE

Statement of Financial Activities	Statement of Financial Activities	Statement of Financial Activities
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
						2021	2020
							F
			Notes
Income from:
Donations and legacies				700,058	307,914	1,007,972	823,458
Charitable activities				110,888	1,500	112,388	194,460
Other trading activities				12,608		12,808	27,050
Investment income				59		59	81
Total incoming resources:				823,613	309,414	1,133,027	1,045,049
Expenditure on:
Raising funds				(43,919)		(43,919)	(41,805 )
Charitable activities				(597,330)	(230,564 )	(827,894 )	(869,797)
Total expenditure				641,249	~230,064	~031,013	~011,602
Net income/(expenditure)		and net
movement in funds for the year				182,364	78,850	261,214	133,447
Reconciliation offunds
Total funds brought	forward	1st
April 2020				101,653	3,411,371	3,513,024	3,379,577
Total funds carried forward 31st
March 2021				284,017	3,490,221	3,774,238	3,513,024

Cash Flow Statement
				2020	2019
			Notes
Cash used in operating	activities		18	284,618	204,296
Cash flows from investing activities
Interest income				59	81
Purchase oftangible fixed	assets			(12,185)	(28,176 )
Cash provided by (used	in) investing
activities				12,126	28,095
Increase (decrease) in cash and cash
equivalents in the year				272,492	176,201
Cash and cash equivalents	at the beginning		ofthe year	232,130	55,929
Total cash and cash equivalents		at the end ofthe year		504,622	232,130

Voluntary income
Grants, donations, legacies	and similar incoming		resources
					Total
			Unrestricted	Restricted	2021
			E	6	6
Arts Council England, London:
National Portfolio Funding			521,659	71,068	592,727
ACE Culture Recovery Fund			129,500	15,500	145,000
Total Arts Council England,	London		651,159	86,568	737,727
Grants, donations and sponsorship:
ERC Neurolive				149,796	149,796
John Ellerman Foundation				30,000	30,000
The Leverhulme Trust				25,000	25,000
Creative Land Trust				10,050	10,050
Three Monkies Trust				2,500	2,500
Chartered Accountants' Livery Charity				2,000	2,000
A&H Pilkington Trust				1,000	1,000
Hasluck Charitable Trust				1,000	1,000
HMRC Job Retention Scheme			33,358		33,358
Southwark Council			10,000		10,000
Individual donations			4,869		4,869
Gift aid on individual donations			672		672
Total grants, donations and	sponsorship		48,899	221,346	270,245
Total voluntary income			700,058	307,914	1,007,972
					Total
			Unrestricted	Restricted	2020
			6	6	f
Arts Council England, London:
National Portfolio Funding			512,234	69,784	582,018
ACE Project Funding - (Continuous		Network)		170,572	170,572
Total Arts Council England,	London		512,234	240,356	752,590
Grants, donations and sponsorship:
John Ellerman Foundation				40,000	40,000
The Leverhulme Trust				24,300	24,300
Kleinwort Benson -Thistle Trust				2,000	2,000
Goethe Institute				1,000	1,000
Charlotte Bonham-Carter Charitable		Trust		1,000	1,000
Worshipful Company of Insurers				500	500
Individual donations			1,774		1,774
Gift aid on individual donations			294		294
Total grants, donations and	sponsorship		2,068	68,800	70,868
Total voluntary income			514,302	309,156	823,458
					21

3
	Incoming resources from charitable			activities		Total
				Unrestricted	Restricted	2021
				F	F	F
	Income received on behalf of:
	Premises			10,197		10,197
	Educational	programme		69,035		69,035
	Programmes			31,656	1,500	33,156
	Total			110,888	1,500	112,388
				Unrestricted	Restricted	2020
				F	F	6
	Income received on behalf of:
	Service charges			4,427		4,427
	Performances			8,962	9,600	18,562
	Premises			79,520		79,520
	Educational	programme		76,759		76,759
	Programmes			15,192		15,192
	Total			184,860	9,600	194,460
4	Other trading		activities		Total	Total
					2021	2020
					f	6
	Events and weddings				7,688	25,672
	Miscellaneous		activities		4,920	1,378
	Total				12,608	27,050

			Charitable	Governance	Total
			activities	function	2021
			F	F	F
Management			99,162	3,336	102,497
Finance			35,471	5,246	40,718
Information		technology	15,200		15,200
External	audit		3,076	5,800	8,876
Human	resources		35,004		35,004
Legal and otherfees			9,478	2,170	11,648
Total			197,391	16,552	213,943
			Charitable	Governance	Total
			activities	function	2020
			f	5	6
Management			79,078	3,270	82,348
Finance			35,682	5,128	40,810
Information		technology	17,393		17,393
External	audit		3,060	5,000	8,060
Human	resources		15,825		15,825
Legal and otherfees			6,736	2,069	8,805
Total			157,774	15,467	173,241

Analysis o	ftotal expe	nditure
					Total
			Staff costsf	Other costs f	2021 8
Raising funds
Management			30,642		30,642
Finance			7,045		7,045
Productions	& Programme		6,232		6,232
			43,919		43,919
Charitable	activities
Productions	& Programme		58,579	178,248	236,827
Support & Governance		costs	125,553	88,390	213,943
Marketing			34,644	23,751	58,395
Educational	programme		24,904	94,759	119,663
Depreciation				47,475	47,475
Premises costs			84,226	67,365	151,591
			327,906	499,988	827,894
Total			371,825	499,988	871,813

Analysis	o	ftotal expe	nditure
						Total
				Staff costs	Other costs	2020
				f	f	8
Raising	funds
Management				29,061	200	29,261
Finance				6,902		6,902
Productions		& Programme		5,642		5,642
				41,605	200	41,805
Charitable		activities
Productions		& Programme		61,922	236,333	298,255
Support	&Governance		costs	130,055	43,186	173,241
Marketing				34,891	22,967	57,858
Educational		programme		41,315	79,477	120,792
Depreciation					44,989	44,989
Premises	costs			97,594	77,068	174,662
				365,777	504,020	869,797
Total				407,382	504,220	911,602

Net incoming	Net incoming	resources for the	year
				2021	2020
				E	E
Is stated	after	charging:
Depreciation				47,475	44,989
Auditors'	remuneration			5,800	5,000
Operating	lease charges			4,200	3,009
Analysis	ofstaff costs, numbers		and renumeration	of key management	personnel
				2021	2020
				E	F
Salaries and wages				334,110	364,560
Social security		costs		20,542	24,044
Pension costs				17,173	18,778
Total				371,825	407,382

Tangible fixed assets	Restricted	Restricted	Equipment	Total
	Leasehold	Equipment	and fittings
	Property	and fittings
	F	8
Cost
At 1 April 2020	3,733,780	89,197	325,320	4,148,297
Additions			12,185	12,185
At 31 March 2021	3,733,780	89,197	337,505	4,160,482
Depreciation
At 1 April 2020	461,935	89,197	274,441	825,573
Charge for year	29,870		17,605	47,475
At 31 March 2021	491,805	89,197	292,046	873,048
Net book value
31-Mar-20	3,271,845		50,879	3,322,724
31-Mar-21	3,241,975		45,459	3,287,434

12	Debtors						2021	2020
							F	F
	Trade debtors						67,135	85,058
	Other debtors						8,605	11,667
	Accrued income						14,778	1,224
	Prepayments						41,171	27,149
	Total						131,689	125,098
13	Creditors: Amounts		falling due within		one	year	2021	2020
								6
	Trade creditors						76,940	36,203
	Accruals						39,526	29,097
	Other deferred income						18,809	82,389
	Other taxation and social security						7,862	12,116
	Accrued holiday	pay					1,526	1,429
	Other creditors						4,844	5,694
	Total						149,507	166,928
	Deferred income						2021	2020
								f
	Balance at start	of year					82,389	30,658
	Amount released	to incoming		resources	during	year	(64,877 )	(27,872 )
	Amount deferred	in year					1,297	79,603
	Balance at end	ofyear					18,809	82,389
14	Analysis of net	assets between funds
						General	Designated	Restricted	Total
						F	F	F	F
	Tangible fixed assets					45,459		3,241,975	3,287,434
	Net current assets					101,394	137,164	248,246	486,804
	Net assets at 31 March 2021					146,853	137,164	3,490,221	3,774,238
	Analysis of net	assets between funds
						General	Designated	Restricted	Total
						f	6	6
	Tangible fixed assets Net current assets				50,879 «20,857		71,631	3,271,845 139,526	3,322,724 190,300
	Net assets at 31 March 2020					30,022	71,631	3,411,371	3,513,024

									As at
					At 1				31
					April	Incoming	Outgoing		March
					2020	Resources	Resources	Transfers	2021
Restricted	funds
Arts Council	England/Lottery		(Studios)		2,168,713		(18,908	)	2,149,805
Siobhan Davies Dance Company				(Studios)	561,183		(5,466	)	555,717
Elephant Links SRB		(Studios)			537,183		(5,496	)	531,687
Continuous	Network	funding			143,792	31,500	(63,158	)	112,134
Independent	Dance	related				111,568	(111,568	)
Restricted funding for Programme				activity	500	16,550	(12,250	)	4,800
ERC Neurolive						149,796	(13,718	)	136,078
Total restricted funds					3,411,371	309,414	230,564		3,490,221
Unrestricted	funds				30,022	781,449	634,618	30,000	146,853
Designated	funds				71,631	42,164	6,631	30,000	137,164
Total funds					3,513,024	1,133,027	871,813		3,774,238
									As at
					At 1				31
					April	Incoming	Outgoing		March
					2019	Resources	Resources	Transfers	2020
						f	6		6
Restricted	funds
Arts Council	England/Lottery		(Studios)		2,187,621		(18,908	)	2,168,713
Siobhan Davies Dance Company				(Studios)	566,649		(5,466	)	561,183
Elephant Links SRB		(Studios)			542,679		(5,496	)	537,183
Continuous	Network	funding				220,172	(76,380	)	143,792
Independent	Dance	related				94,084	(94,084	)
Restricted funding for Programme				activity		4,500	(4,000	)	500
Total restricted funds					3,296,949	318,756	~204,334		3,411,371
Unrestricted	funds				6,389	724402	~7,00769,		30,022
Designated	funds				76,239	1,891	~6,499		71,631
Total funds					3,379,577	1,045,049	~971,602		3,513,024

Designated	funds
The trustees	may designate			funds from unrestricted reserves		for specific	purposes	to ensure		clarity for multi-year			projects
and to provide against			risk.
Currently designated:					2021	2020
Designated	Building	Fund			93,500	63,500	to support		major	building	repairs
							funds	carried between years for				specific
Multi-year projects					42,164	6,631	projects
							to be	used	in support of dance/art			forum
Professional	Development			Fund	1,500	1,500	activities
					137,164	71,631

				2021	2020
Operating	leases	expiring:		F	F
			within one year	338	449
		between	two and five years	3,862	2,560
Total operating		leases		4,200	3,009

18	Reconciliation	of net	movement	movement	in funds	to net cash flow from	operating activities
							2021	2020
							8
	Net movement	in funds					261,214	133,153
	Add back depreciation		charge				47,475	44,989
	Deduct interest	income	shown	in	investing	activities	(59 )	(81 )
	Decrease (increase) in Increase (decrease) in		debtors creditors				(6,591 ) ~17,421	2,166 24,069
	Net cash used	in operating		activities			284,618	204,296
19	Analysis ofchanges		in net debt					As at
						At 1		31
						April		March
						2020	Cash flows	2021
						8
	Cash and cash	equivalents
	Cash					232,130	272,492	504,622
	Total					232,130	272,492	504,622

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
				2020
Income from:
Donations and legacies		514,302	309,156	823,458
Charitable activities		184,860	9,600	190,512
Other trading activities		27,050		27,050
Investment income		81		81
Total incoming resources:		726,293	318,756	1,045,049
Expenditure on:
Raising funds		(41,805 )		(41,805 )
Charitable activities		(665,463 )	(204,334 )	(869,797 )
Total expenditure		~767266	~264,334	~677,662
Net income/(expenditure)	and net
movement in funds for the year		19,025	114,422	133,447
Reconciliation offunds
Total funds brought forward	1st April 2019	82,628	3,296,949	3,379,577
Total funds carried forward 31stMarch
2020		101,653	3,411,371	3,513,024