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





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|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|||||



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|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)||



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|Charity<br>Number|Charity<br>Number|1010786|
|---|---|---|
|Company|Number|02701923|
|Registered|Office|71 Queen Victoria Street, London, EC4V4BE|



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|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<br>and legacies||||700,058|307,914|1,007,972|823,458|
|Charitable<br>activities||||110,888|1,500|112,388|194,460|
|Other trading<br>activities||||12,608||12,808|27,050|
|Investment<br>income||||59||59|81|
|Total incoming resources:||||823,613|309,414|1,133,027|1,045,049|
|Expenditure<br>on:||||||||
|Raising funds||||(43,919)||(43,919)|(41,805 )|
|Charitable<br>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<br>in funds for the year||||182,364|78,850|261,214|133,447|
|Reconciliation<br>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<br>in operating|activities||18|284,618|204,296|
|Cash flows from investing<br>activities||||||
|Interest income||||59|81|
|Purchase oftangible<br>fixed|assets|||(12,185)|(28,176 )|
|Cash provided<br>by (used|in) investing|||||
|activities||||12,126|28,095|
|Increase (decrease)<br>in cash and cash||||||
|equivalents<br>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|





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





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||||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<br>f|2021<br>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<br>& 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|



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|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|





|7|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|



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|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<br>income||||||18,809|82,389||
||Other taxation<br>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<br>released|to incoming||resources|during|year|(64,877 )|(27,872 )||
||Amount<br>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<br>Net current assets||||50,879<br>«20,857||71,631|3,271,845<br>139,526|3,322,724<br>190,300|
||Net assets at 31 March 2020|||||30,022|71,631|3,411,371|3,513,024|





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||||||||||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<br>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<br>funding<br>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<br>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<br>funding<br>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<br>reserves||for specific|purposes|to ensure||clarity for multi-year|||projects|
|and to provide against|||risk.|||||||||||
|Currently<br>designated:|||||2021|2020||||||||
|Designated|Building|Fund|||93,500|63,500|to support||major|building|repairs|||
||||||||funds|carried between years for||||specific||
|Multi-year<br>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||||||||





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|||||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|



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|18|Reconciliation|of net|movement|movement|in funds|to net cash flow from|operating<br>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)<br>in <br>Increase (decrease)<br>in||debtors<br> creditors||||(6,591 )<br>~17,421|2,166<br>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|





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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||Funds|Funds|Funds|
|||||2020|
|Income from:|||||
|Donations<br>and legacies||514,302|309,156|823,458|
|Charitable<br>activities||184,860|9,600|190,512|
|Other trading<br>activities||27,050||27,050|
|Investment<br>income||81||81|
|Total incoming resources:||726,293|318,756|1,045,049|
|Expenditure<br>on:|||||
|Raising funds||(41,805 )||(41,805 )|
|Charitable<br>activities||(665,463 )|(204,334 )|(869,797 )|
|Total expenditure||~767266|~264,334|~677,662|
|Net income/(expenditure)|and net||||
|movement<br>in funds for the year||19,025|114,422|133,447|
|Reconciliation<br>offunds|||||
|Total funds brought<br>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|