REGISTERED COMPANY NUMBER: 02837146 REGISTERED CHARITY NUMBER: 1040524 REPORT OF TIIE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR CANDOCO DANCE COMPANY •AEGK2C3D• 0211212025 COMPANIES HOUSE A20
CANDOCO DANCE COMPANY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Ilncluding the Executlve Report) 11010 Report of the Independent Auditors 11to13 Statement of Flnancial Activities 14 Balance Sheet 15 Cash Flow Statement 16 Notes lo the Cash Flow Statement 17 Notes lo the Flnanclal Statements 18to27 Detailèd Stalemenl of Financial Activities 28to29
CANDOCO DANCE COMPANY (REGISTERED NUMBER: 02837146) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE OETAILS Reglsterod Company number 02837146 Registored Charity number 1040524 Regi61ered offlce Clo Mountview 120 Peckham Hill Slreel London SE15 5JT Tru8t•ès S Watson MBE DL Appointed 12 March 2025 G Waelde Resigned 12 March 2025 P M¢Geough Appointed 25 September 2024 A N8ndi Appointed 19 June 2024 N Abbey Resigned 19 June 2024 K Margrle B Evans S Howard T Woolfe O Lock S Di Paolo S M 08nni8 S Waters M Anastase N Mendonca 8 Lewis R Evans K Vaughan Appointed 11 December 2024 Appointed 11 December 2024 Resigned 20 June 2025 Resigned 20 June 2025 Resigned 20 June 2025 Resigned 06 June 2025 Resign8d 20 June 2025 Appointed 23 July 2025 Appoinled 23 July 2025 Appoinled 23 July 2025 Appointed 7 October 2025 Appointed 7 October 2025 Audftors Azets Audit Servicès Statutory Auditor. Chartered Accountants 2nd Floor. Regis House 45 King William Street London EC4R 9AN Banker6 Charities Aid Foundallon 2S Klngs Hill Avenue Kings Hill West Malling Kenl ME19 4JQ Natsvesl Bank 25 Hampslead Hlgh Street Hampslead London NW3 1QJ Patrons Adene Phluips CBE Aislair Spalding C8E Foundlng Patron Celeste Dandeker-Arnold OBE K•y managem•nt: Melanle PCIoUS - Executive Director {appolnled Seplember 20241 Dr Dima Mekdad - Executive Director (resigned June 2024) Oomlnlc Mitchell Co-Artisllc Olrector {unlil June 2025) Raquel Mesegeur Zafe - Co-Arti$ti¢ Directors (until June 2025) Page 1
CANDOCO DANCE COMPANY (REGISTERED NUMBER: 02837146) REPORT OF THE TRUSTEES (INCLUDING THE EXECUTIVE REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also diredors of ihe charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The ITuslees have adopted the provislons of Accountlng and Reporting by Charities.. Stslemenl of Recommended Practice appli¢able lo char(lies prepartng (heir accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Legal Structurn Candoco Dance Company is a charitable rnpanY limiled by guarantee and does not have $hare eapilal.11 is registered with Companies Houso and the Charity Commission lor England and Wales. In the event of the charity being wound up. the liability In respe¢t of the guaranlee is limited to £10 per member of the ¢harity, which in this instance are thè Trustees. The charity was established on 14 April 1993 and is govemed by ils Memorandum and Articles of Association dated 19 July 1993, as amended by the certificate of incorporation on ¢hange of name dated 3 June 2013 and further amended on 15 August 2018. The company was fonnally managed during Ihis period by a Trusteeship of up lo 12 individuals (including the Acting Chair of the Trustees). supported by the Company Secretary and Treasurer, and our new Chair (Sharon Wa180nl, who joined the board on 121h March 2025. Governanca and Manag•m•nt Accompanylng Ihls are our terms ol reference and scheme of delegallon, which guide the organisation on rnatters of intemal governance and approval. The Iruslees maintain a comprehensive risk register linked to tho business plan. vthlch Is r•vlowed quartérly al ev•ry board m8ellng as wo11 a$ annually. Durlng the period, tho Board ol Trustees held four quarterfy meellngs and one away day. The Actlng Chalr collaborated wllh the senlor management team to ensure Ihal the Board Is focused on the key matters affecting the Charity Islralegy, finance. and risk) and supports the Board in making informed and lirnely decisions. Providing oper81ional management on behalf of Ihe Board was a $enlor managemenl 16am comprising the Executive Dlreclor and Co Artistic Dlreclors who ran the day-lo-day activities of the charity. The delivery of the charity's obJeclive$ is supported by a Small leam of employe88 and volunteers. who hold a wid8 range of roles across the charity. Elhlcal Fram•work Cando¢o operales a¢¢ordlng to a comprehenslve elhlGal Iramework that guldes all organlsational declslons and partnerships. This frarnew0 ensu$ our work remains aligned with our Charitable mission ol advancing inclusive dance pracllce and supporting dlsabled artists. Our decision-making processes priorilise accountability and alignmènt with our Charitable oblectives. W8 evaluala all significant partnerships, funding opportunities, and programming decisions against clear ethical criteria that centT8 equlty, accessibility, and yyslemi¢ ¢hange. We seek partnerships with organisalions and funders whose values aln wilh our commitment to inclusive praclice and the advancement ol disabled arti$l$. Where perfect alignment is not possible. we engage in rlgorous assessment processes lo ensure any collaboration enables US to advance our charitable misslon wlihout compromising our coffj principle5. All funding decisions arg subject lo Board oversight and Iransparenl evaluation against our ethical standards. Our programming prforillses disabled artlsls. particularly those at emerglng and mid-career stages. and work that addresses systemic barriers within the perforning arts. We are committed lo geographic and demographic dlverslty In our programmlng to ensure equitable dlslribution ol opportunllles and resources. Our recruitment and employment practices reflect our commilment to creating an equitable and accessible workplace that valu¢$ dIVee lived experiences and provides necessary accommodats'ons lo enable all team membets to contribute fully to our mlssion. As part of our ongoing strategic development. we regularly review and refine our ethical framework to ensure11 remalns responslve to the evolving need5 of tho communities we Serve and the ¢hanging landscape of the arts sector. RECRUITMENT AND APPOINTMENT Trustees Trustees a re¢ruited based on Iheir alignrnent with our values, commitrnenl lo driving change, and the outcomes of our annual ski1Ss assessment. Advertisements for specialist trustee roles are aligned with identified skills gaps when koy V8canu6s emerge on the Board. Our most recènt audil was completed in Junè 2024. Page 2
CANDOCO DANCE COMPANY (REGISTERED NUMBER: 02837146) REPORT OF THE TRUSTEES (INCLUDING THE EXECUTIVE REPORTI FOR THE YEAR ENDED 31 MARCH 2025 RECRUITMENT AND APPOINTMENT- tontlnued The selection panel for twslees and senior management comprises the Executive Director, the Chair. and another trustee. Trustees are inducted into the organisation in a similar way to employees and are supported by an allocated montor (an exisling trusleel and the Chair of the 8oard. Trustees currently can serve hvo Ihree-year term$. During 2024-25, the Charity underwent signifi¢anl board renewal. including the appointment of a new Chair of the Board. New trustees were recruited through targeted approaches, identifying skills and preSentatIOn gaps, with paCular focus on the lived exrienCe ol disability and relevant professional expertise. All new Irusle8s receive a comprehensive Induction. which includes meetlng team member8 and receivlng guldance on goveman¢e. stsff and Volunteers Staff and volunteern are recruited on a needs basls, using standard recruitment procedures whereby va¢8nt roles are advertised extemally with supporting job descriptions and person specifications. We make Considerable efforts to ensure these recruitment procllces are 8¢ce$slbl8, provldlng a range of accessible formats wherover possible le8sy read, BSL interpretation and audio). The seleclion panel for staff and vdunleers includes members of the senior managemenl 18am. The Trustees set Ihe pay of executive personnel. benchmarking It against othor slmilar organl$allon$ across the Sector. Indu¢tlon and Ongolng R•qulr•m•nts Everyone who loins the oT9anisalion is provided with a standard induction comprising inforrnalion about Candoco Danc8 Company's aims. objectives. and procedures. Everyon8 receives a handbook oullining key aa8 of wmpliance, expected conduGI, and probatlon perlod, All employees with direcl access lo young people andlor vulngrable adults are requlred to have an L41-to4alo Disclosure and Barring Service IDBSI check and recelve approprfate Saf6gu8rding training. AJI Injslees, rèpresent81iv•$, employees. and volunteers are requiied lo agree lo our Code of Conduct and Confidenlialily Agr88rnent fomially. The Company Secretary and Exe¢ulive Director maintain a register of interests, detailing all olher interesls Ihal staff and volunteers may h8v•. Declaratlon8 01 Interest are requesled by the Chalr at each 8oard m8eling and record•d. As an organisation working on behaw of disablerj benefi¢i8ries, we strive lo ensure that we do not exclude any communlty wllh protected characlerislics. We contlnue lo ensure thal decl$lon6 al board and managemonl levo1$ ar• aligned wllh our ¢ommilment to equitable worklng pracllces. ORGANISATIONAL STRUCTURE AND DECISION MAKING The charlly implemented new govemance structures durlng the year, Including rèvised Tems of Reference, a revlsed Scheme of Del8galion, and the eslablishmenl of new subcommittees. Candoco Board ciwr Vi¢e CIWl¥l Tr?asuier 5ecwei•ry Governance Commirtee Finance Sub Committee Team 'Soundboards' (board mEmbEr5 SUPPOrting ieamwilh th¢e #Thl supp•rtl O•piity ChA HTr 2 m8¢b*Jws Tf•asur•r mth 2 mamb•rn Working groups as needed DAG (Oisability Advisory Group) Page 3
CANDOGO DANCE COMPANY (REGISTERED NUMBER: 02837146) REPORT OF THE TRUSTEES (INCLUDING THE EXECUTIVE REPORT) FOR THE YEAR ÉNDED 31 MARCH 2025 ORGANISATIONAL STRUCTURE AND DECISION MAKING - conlinuod The executive leadership model comprises an Executive Director and iwo C0-Artist Directors, supporled by department heads who Infom tho senior management team. Rlsk Managemenl The trustees maintain a cOMphen$1ve rlsk reglster linked to the buslness plan. which is reviewed at every board meeting and annually. Key risks identified include a challenging funding climate, a polili¢ised landscape affecting elhlcal fundraising, rising operational costs. managing organisalional Change, and providing equilable working 8nvironments for disabled artists. Slep6 we tske lo millgate rlsk includ•'.: Financial Risk.- We work lo diversfy our income slrearns across grants. eamed revenue, and donations to reduce our over-reliance on any single funder. Operating with a Ihree-month volatility r6serye and d8si9nated lunds for acce Costs and creatlve Inveslmont Regular financial monitoring wlth quarterfy board reviews and quarterly managemenl a¢¢ounls Mulli.yeaT fundin9 8greemenls, where possible, lo provide finan¢lal stability Scenario planning lor different funding Outcomes A fundralsing slralegy linked to our alm$ and oble¢tiv8$ 1$ In place Operalion81 Risk.. Compreh8nsiv& Insurance coverag8, includlng public liability, professional Indemnlty, and trustee indemnlty Reviewlng and updating all pollcles to 8nsure they are cuirenl and fit for Pu1$• for a company supporting range of beneficiaries, include disabled artists DBS checks and appmpr5ale s8f8guarding Iralnlng for 811 staff worklng with young p80ple and vuln•r8bl• adulls Business continuity planning, Including data backup and remote working capabilities Maintaining the Tegister of interests. confidentiality agreements and code of ¢ondu¢l. Gov•m8n¢• and Compliance Risk.. Annual skills audits to ensure the Board has appropriate expertise and representstion Developlng regular trustee training on govemance, safeguarding, and regulatory Compliancè Maintaining a register of interests and conflict of interest procedures Clear schem8 of delegation and financial aulhorisalion limits Davelopln9 a quarterly Inlornal ri6k assessment linked to buslne88 plannlng Repulation81 and Partnership Risk.. Ethical framework guldlng all partnershlps and fundlng dedslons wllh board ovèrslghl Clear communication strategies and crisis management procedures Regular stakeholder engagement lo maintain relationships with k•y partners Ac¢e$$lbllity and Inclusion Risk Miligallon.. Ongoing consulLqtion with disabled artists and Communities Inveslrnent in access measures as standard practice rather than add-ons Staff Irainlng on inclusive pra¢ll¢e$ and disability awarene$$ A¢¢essibilily and Inclusion Risk Mitigation.. Ongoing consullalion with disabled artlsts and communitiès Investrnenl in access measures as stsndard practlce rather than add¥ons Staff training on indusive practices and disability awareness Page 4
CANDOCO DANCE COMPANY (REGISTERED NUMBER: 02837146) REPORT OF THE TRUSTEES IINCLUDING THE EXECUTIVE REPORTI FOR THE YEAR ENDED 31 MARCH 2025 OBJECTMTIES ANO ACTIVITIES Ch•rltabl• Obje$ The Charity's objects are to promote. maintain. improve, and advance education by encouraging thé arts, including drama, mime, dance, singing. and muslc, with a primary locus on dance. Our mission is to expand the landscape of dance & disability Ihrough bold perfoanceS and inspiring educational experiences that embody equity and inclusion. The charity's main activity strands are.. Performances and ¢ommission$ Learning and P8rtl¢lpatlon Artist Development Advocacy and Systems Changè Publlc B•n•flt Thè trustees have rnferred lo the guidan ¢OnIaed in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its luluro activities. Candoco Dan Company provides pubh'c bonofit through tho followlng actlvill&$ which dellver agaln81 our charitable objects. Cr•atlng and Tourlng In¢luslve Dance Productlons Producing and tourlng major new work lo Ilv• and dlgllal audlènc8s across the UK and Inlomatlonally. 2024- 25 saw us embarking on a new creative process in readiness for lourin9 in 2025-26. Featuring disabled and non4isabled arlists in profes5i0nal dance productions, challenging perceptions and adv8ncing represenlalion. This year, w& ¢ommissloned Dan Daw Creallve Projects to collabor8t8 with us on a nèw piece for five disabled and non-disabled dancers under the Co-Artistic Direction of Raquel Meseguer Zafe and Dominic Milchell. D•llverlng Compr•henslve Leamlng Programm•s Sharlng prlnclples ol oquitabla way8 of workin9 for dlsabled and non-di$abled dancérs, both in tho UK and abroad, lo better support teachers and leaders. In 2024-25. we delivered 64 workshops and sessions, reaching 1,073 participants (912 in-person. 161 online) across youth settings and higher educallon Inslitulions. Exporting •xpertiS8 Intornationally lo position the UK as a beacon of inclusive practice. This year, provided over 15 days of leacher tralnlng through roslden¢les In Hong Kong. NoThvay, and Iho USA. Supportlng Artlsls to develop th•lr creitlv• pra¢ti¢• and ¢r•at• •mploym¢nt opportuniti08 Generaling vlable Careers for disabled and non4li$abled dance artists. In 2024-25. we provided our cast of 5 with 12 weeks of paid employment as part ol the creation of OUT now work. Ovei and Over land over again). Supporting progression pathways lor emerging artlsls and sludénls through mentorship and shadown9 opportunities for 15 artists and Students as part of our creallon process. and further developlng the Cando¢o Dance Artist scheme, which offers tralning and employment to a cohort ol disabled and non4lisabled leaching artlst6. Creating spaces for artists lo develop their pra¢tsce with peer support. This year, we ulilised our hId sludio space during quiet days by offering 75 hours of on Pra¢li¢e and Company dass sessions, athieving 50 attendan¢e$ by freelance arti$l$. Advancing Rosoarch and Advo¢a¢y Partnering with Higher Education institutions to pioneer Innovative le¢hnolo9ies and methodologies that expand possibilities for di5abl8d artists and advance indusive creative prdclice. During this year, we partnered with artist researchers at Goldsmiths University to explore motion capture technology through a disability lens, securing grant lunding and providing critical support lo advance accessible digllal dance praclic8S. Contributing to the development of more inclusive cultural archives and documentation practices that prèseNe and celebrate the contributions of disabled and marginalised artists. In 2024-25, we supported Lauren McKillop's 'Cripping the Ar¢hive$' research examining gaps In dance archives. enabling field research within our rehearsal spaces lo develop more inclusive archlving practice$ for queer and disabled artists. This also included a 'Poslcards from the Sludio. blog authored by our Co Artistic Diredors to share pra¢ti¢e sedor-wide, an excerpt published in One Dance UK magazine in Spring 2025. Page 5
CANDOCO DANCE COMPANY IREGISTERED NUMBER: 02837146) REPORT OF THE TRUSTEES (INCLUDING THE EXECUTIVE REPORT) FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVITIES AND ACTIVITIES - c•ntlnued Sharing our support and validating artists, fundin9 appllcalions to further seclor-wlde understanding of inclusive ¢realive procgsses and pedagogical approaches. This year we were a named p#rtner in Arts Council England- nded research into embodied trust practices. providing artistic and dramaturgi¢al expertise to advance undeTStanding of inclusive creative processes. Bulldlng Straleglc Partnefships for Se¢tor Change Collaborallng wllh other organlsallons to leverage colle¢llve Impact and drive sy8leml¢ chang8 across Ihe dan¢e clor amplifying our charitable Tni55ion by ¢realing seclor-wide inilialives that advance inclusive practice beyond what any single organisalion could achieve. In 2024-25, we partnered wilh Corali. People Dancing, Slopgap Dan¢? Company, and TIN Art$ lo fomi the InGlu$lon in Dance Worf(ing Group, suG¢ossfully secur6ng Arts Council EnglarHI funding lo commission researth into the barriers faced by disabled artists. Commissioning and dissemlnating research thal provides evidence-based recommendations for sector tr8nsformalion. Tha Beyond Barriers in Dance campaign and website show¢ase our jointly commissioned research 'Barriers to Progression & Employmonl in Dance for Disabled People,, delivered by researchtTs Dr Imogen Aujla, Dr Louisa Petts and Dr Kalè Marsh, providing Crucial evtdence to initiate wider discussions and actions across the dance seclor. Creating collaborailve frameworks that challenge the sector lo increase and sustaln disabled representation In Ihe dance workforce and ils leadership. This shared enquiry approach enables us to work with partner organisations to addres$ systemic Inequities that limll opportunities foi disablèd pèople at all leve18 of Ihe danc• sector. ABOUT CANOOCO DANCE COMPANY Founded in 1991. Candoco Danca Company is a wodd-renown8d inclusive dance company that creal8s distinctive performances featuring disabled and non4isabled dancers. The company tours inlernalionally and delivers far-reaching l&arnSng progr8mmè8. Through artisllc and slr8l•gic partner6hlps and collaborations wilh leadlng artists and organisalion8, Cando¢o celebrates different ways of being and maklng art whilst bridging the mainstream and the experimental and conts'nues lo play a leading role in the ongolng ¢onversalion about dan¢e and disability. More about the company history can b8 found here: hllps'.Ilcandoco.co.uklwho-we-arel ACHIEVEMENTS AND PERFORMANCE Strateg1¢ Inve•tm•nt In Artlsllc Innovatlon This year relnfor¢ed our ongoing commllment lo embeddlng the volces of peoplè with disabllltles throughout our organisats'onal structure and creative processes. We appointed Co.Artislic Direclors Oominic Mitchell and Raquel M•seguer Z&fe and w8lcom8d 8 new company of fvè dancérs followlng a wld8vrèaching recruilmenl c8mpalgn. Our récruitmenl process demonslraled extraordinary reach across dlverse communities. From 658 dancer applications, 98 identified as Dldeaf or disabled 1159/41, 163 as ¢orning from global majority ethnic background$ {2S /•). and 284 as LGBTQIA+ (40•10), signtficanlly exceeding typical se¢lor representation. These flgures hlghli9ht both the compelltive landscape for dance artists and Ihe appetite for inclusive opporlunities. Our commitment lo accessible recruitmenl wa5 evidenl through the av8il8bility ol application materials in written lexl, audio, Easy Read, and BSL versions, as well as the acceptance of applications via voice note. video. or written slalemenl. Additionally, we offered a Ihree-day audition format. including online options lor intemational applicants. Resting spaces and regular bak$ were provided throughoul, with a BSL inlerpreled infomiation session re¢orded and made available online. The ¢reation of Over and Over land over again) marked Candoco's transition from a full-lime lo a project-based company model, achieved through collaboration with Dan Daw Creative Projgcl¥. Thi¥ move extended beyond traditional choreographer commissions lo a partnership encompassing all production aspects. The partnership foregrounds 'crip practice, over our traditional aesthetic and priorits'ses dan¢ers' access n&eds while enabling knowledge exchange around resl-¢entred approaches. stren9lhening both organisations. creative capabilities. Dancers were engaged across over 20 weeks of paid work through R&D and a Iwo-stage creation process. Page 6
CANDOCO DANCE COMPANY (REGISTERED NUMBER: 02837146) REPORT OF THE TRUSTEES (INCLUDING THE EXECUTIVE REPORT) FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE - conllnu•d Our strategic approach to touring developm8nt has secured confimied perfoanCeS in 25126 positioning Candoco on pre$tiglous Inlernallonal Stages. Confimed dates in¢lude Festlval de Marsellle, Dansenshus Oslo. A partnershlp with Van Cleef & Arpels represents a significant collaboralion with a luxury brand committed lo supportin9 innovative arts practice. providing finan¢ial support towards the Commission and elevating our profile within high*nd Cultural spaces. The planned Ihree4ate London premiere 81 Sadlerf$ Wells East (July 20251 and inlomalional tour will feature comprehensive accessibility, induding audio descrtption, BSL intefpretalion, relaxed perfonnances. and adapted seating arrangements. Our commitment to advancing education in dancé 116 promoting undérstanding of dlsabilty culture was demonstrated through 'Posl¢ards from the Sludio, digital insights and open reh8aT3als, w8l¢omlng over 30 presenters. board members. and sector colleagues. The introduclion of paid rest days for dancers attracted inter•st and lunding support from foMiard- looking foundalions, demonstrating se¢lor recognition of our Gommitment lo cenlring access. The work previewed al ihe Attenborough ConlTe for the Creative Arts164% capo¢ity} before premiering at D8n¢eEa$t lover 70°A capa¢lly). "cand0.$ 'Ovef and Over land over agaln}' is a fanfare for rave culture and the disabled body" Colln Hambr(•ok, Isablll Arts Onllno The impacl of our accessible approach was capturèd in feedback from participants. "It'$ all I hoped for, for the process and for Candoco in terns of centring and honouiing lived experience of disability and Interseclionality in tho work; in lerms of quality of work being produced and In terms of how thls pushes the art fomi.. Yhis has been such a gentle and creative process underpinned by Care. .how do I take all l am leaming herè back lo Ihe Ihoatrt sèctor I WO In7" You have taken every care over this project. and we all feel itl I have never witnessed such detailed care like il so I commend you." Loamlng and D•volopment The charity delbvered 64 workshops and sesslons {20 onlln8}, reachlng 912 in-person particlpants and 161 onlln• participants. Candoco delivered multiple workshops al f6stlvals, including the 2024 Unlfy Festival at Mansfield, as well as for organlsations and Inslllullons such as The Pla¢e. Mounlvlew. Trinity Laban. and AXIS. We undertook three Inlemalion81 188chlng and res•aTch residencies.. Hong Kong No Limlls festival, Oslo. Norway and Vlrginia Tech. USA. We have conts'nued to deliver regular online classes for adults and have been runnin9 training and mentoring programmes for Cand¢xo Teaching Artists. We piloted a new model of transparent practica sharing through targeted Open Rehearsals, moving beyond Iradrtlonal closed4loor creation processes. Tan disabled dance students from Orpheus School were invited lo observe our creation Process. conne¢l wilh tho leam. and learn bboul Inclusive rehearsal pra¢tl¢e. We establlshed ongolng partnerships with Magpie Dance lo extond these opportunities lo additional communities of disabled young people, demonstrating our commllmenl to nurturing the next generation ol inclusive danco praclllionefs. Industry experts and promoler8 were 8180 invited into the Space to see how we were makin9 Ihe work. Our Inlluence exlend8d through dlgltal plarforms wllh Westem G8118ry al Western Washlnglon Universlly presenllng Candoco's films Cuckoo and Spoken Unspoken {January-March 20251. bringing our work lo new American audiences and acadernSc communities. Our fourth annual Day of Dan¢fr indusivo feslival. in p2rtneYship wlth Mounfview and British Youth Music Theatre IBYMTI attracted over 950 attendees. The Day of Dance programme offered a plarform for bolh disabled and non- disabled artists lo perform. At the same tlme. residents had the opportunity lo watch professional and community dance perfomiances and participat8 in inclusive dance workshops al no cost. Highlighls of Day of Dance induded- Workshops with Candoco {¢ontemporary dance). Adriano Oliveira {Afro-Brazilian Dance) and Fumy Opeyemi (Social Alro-Dance). Professional performances by Afjriano Oliveira arKI Max Revell {Street Dance - winner of BBC Young Dancer 2019}- Community performances by Atypical with Attitude (Street Dance) and Bursti Page 7
CANDOCO DANCE COMPANY (REGISTERED NUMBER: 02837146) REPORT OF THE TRUSTEES IINCLVDING THE EXECUTIVE REPORT) FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE - contlnu•d Ro$••r¢h and Innovallon Candoco participated in the Inclusion in Dance Working Group research project, examining barriefs to progression for disabled artists, titled 'Beyond 8arrier$ in Dan¢e'. Thi$ was a collaborative initiative examining barriers lo piogression and employment for Dldeaf. disabled, n&urodivergenl, blind and visually impaired. learning41sabled, and chronlGally 111 Individuals within the dance sector. Alongside Corali, People Dancing, Stopgap Dance Company and TIN Arts. we formed The Working Group lo commission this Arts Council England-funded research, delivered by disabled-led researchers Dr Imogen Aujla, Dr Louisa Pett$ and Dr Kate Marsh. The research revealed systemic challenges. including hi8rarchies of disability. geographlcal barrlern lo opp)rtunlty, and significant health, financial and emotional costs experienced by disabled dan professionals. Due to be published in June 2025 wlth comprehensive accessibility features including audio description and BSL Inlerprelallon. the findings are likely lo provid8 crucial evidence to support seclor-wide ch8nge. As stated by The Working Group, this research repTrsenls our shared commitment to 'challenge ourselves and others to increase and sustain the presen¢e and representation of Disabled people in the dance worklor¢e and its leadership". dlrectly supporting Candoco's charitable oblectlves of advancing inclusive practice and removing systemic barriers for disablad artists. The company has also supported mulllple doctoral research projects and maintalned partnerships with univèrsilie$ •xploring motion ¢aplure, VR technolo9y, and Induslve PTactlce methodologles. SO•r L•ad•rshlp and Advocacy Over the last year, we have been aclSvely leveraglng our qulet power as a 30-yearvold organisalion with a reputatlon for stralegic adV0cy.. speaking on behalF of artists who often aren't Invited Into policy spaces. We have supported sector dialogue and knowledge sharing to advance inclusive practice and address the barriers faced by disabled artists. We have leveraged our experienco ond ropulalion to facililalc Gonvorsallons bohvoon artlsls, pollwmaker8. and Industry leaders who may not othernise have the opportunity to connect. We have participated in conslruclive discusSn$ with cultural inslilulion5 and funders lo promote ethlc81 practices and sustainable support for Ireelance dlsabl•d a'Sts. including ongoing dlalogue with major venues. FINANCIAL REVIEW R•sult8 for the Y••r Our tolal income was £729,717 {2024: £677,602). The charity'$ financial posillon strengthened signlflcanlly during the y•8r, thanks lo the $u¢¢ess of ils fundrai$lng Inillallves. The total raised from InJsts and foundations was £370k (for use across multiplè years), providing 24°A ol our projected Income for 2025-26. Wé continue lo diversify our Income streams successfully. and have s8curnd support from Paul Hamlyn Foundatlon. Cockayne Foundation. Van Cleef & Arp8ls, Soulhwark Council, Garfield Weston Foundation and the Disability Justice Fund. The Van Cleef & Arpels support of our commission represents not only a significant financial Investmenl but also o presligious partnership that positions Candoco within luxury cultur81 programming, opening up new audiences and funding pathways, Comblned with Cockayne The London Community Foundation's support, these partnerships demonstrate our ability to attract diverse fvnding sources that align with our artistic ambiiions. This. alongside eamed income of £167,262 has reduced our reliance on ACE core fundlng to 620/0 healthy level for an NPO that demonstrates strong fundraising capability while maintaining artistic indep8ndenco. This represents 0 5 /• reduction since 2024. Tolal expènditure in the roportlng porlod was £683.379 {2024.' £767,383). £125k was invested in an innovativè collaboralion model ulilised wrthin the Dan Daw Creative Prole¢l$ Commission Ihis year. ffjpresenling 18% of our total expenditure (excluding staffing cosls). This stralegic investment in artistic development and partnership working demonstrates our commitment to centring disabled choreographic voices, as w811 as our appelile for risk-laking, creating 8 new style of work using innovative ¢roallve pra¢tl¢es with the dancers. Total surplus in the year was £46,338 {2024: deficit in-year £89,781). Page 8
CANDOCO DANCE COMPANY {REGISTERED NUMBER: 02837146) REPORT OF THE TRUSTEES (INCLUDING THE EXECUTIVE REPORD FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW- continuèd R•s•rvo8 Pollcy The ¢ompany maintains a Volatility Reserve fund, equivalent lo approximately three months. worth ol running costs. which is deemed to be sufficient for.miligaling income fluctuations and accounting for potential wind4own costs. As at 31 March 2025, this is £150,000. Additional dosignated funds support a¢sS cosls and creative investrnenl. Flnanclal Posltlon The charity held a total ol £ 421.430 in funds al the yearryend {2024.' £274,777). Restricted ReseNes held were £100,315 as at 31 March 25. The Iruslees also designated an Access Contingency Fund as a contingency should access cosls exceed those budgeted foi in-year and a Creative Investment Fund lo support creative a¢livity. The two funds currently stand al £50,000 and £121.115 respectlv81y. The remaining unreslricled funds of £150.000 represent tho charity's free reserves. These are held in the Volatility Reserve Fund. The charity maintains a strong financial position, with unrestricted reserves Significanlly hlgher Ihan the sel volatility reserve. which represents three months, operational Costs. The successful submission of the Extension Year application lo Arts Council Englond. olong with olhor fundraicing aclivilio hjt en3blod p13nning and investment in slralAgip prinrilip Golng Conc•rn The Iru61ees hav8 examined the accounts and budgel prolactions and are confident the organlsation remains sufflcienlly resourced lo meet financial liabilities. Careful cash flow monltorlng and securing income before fund commiiment ensure the mainl8nance of reserves. Wlth secured funding covering the majority of 2025-26 requirements and slgnlficant progress on 2026-27, the chanty l& well-posltSoned lor suslalnable growth. Focus will shlft lo dlversifylng income streams and devfrloping earned revenue opportunilies. Futur• Plans Candoco Dance Company's 2025-2027 Buslness Plan. aulhored In November 2024, addresses Iwo key priorities: fulfilling Immediate Arts Council England (ACE} commitments and laying the groundwoth for a Iransformative Ten-year Strategy starting in 2027. This plan mafks a decisive shift in Candoco's artistic direction and organisational approach. aligning our programming, advocacy. and development inilialives with a bold vision for equity, inclusion, and sustainability in the arts sector. Followlng the stepping down of our Co-Artlsli¢ Directors in June 2025, the board took action to implement a Slralegic Reset over tho summer of 2025. This exercise will be a comprehensive 10-week Iransformation Pro$$ led by oonsuliant Bonlle Senne, designed lo realign Candoco with ils foundin9 values while clarifying our role In the current soclo-polilical and artistic landscape. The process involves over 10 workshops and strategic sprints engaging board members. staff, and key stakeholders in collaborative decision-making that centres disabled voices and lived experience. Running alongside4 will be an Inquiry Into the success land challenge5) of past similar'resets. in addltion to a piece of woth, led by independent consultant Michelle Camey of Purpose Oriven Impact, designed to check in wth slgnificanl policymake and sector stakeholdeT5. The ambition of this work is to provide context, evidence, and live feedback to infomi our plans. supporting Ihe development of a robust, slra$$-lesled plan for Ihe future, informed by the beneficiaries w8 servè and the p8ople we work alongside. Using accessible facilitation methods and multiple particgpalion oplions. the process will address lundamenlal questions about disability identity, oTganisalional culturè, beneficiaries, and sustainable working practices. It will culminal8 in a comprehensive slrategy defining Candoco's purpose, values, governance $lructure, and slralegic direction for the next 5- 10 years. CANDOCO DANCE COMPANY (REGISTERED NUMBER: 02837146) Page 9
REPORT OF THE TRUSTEES {INCLUDING THE EXECUTIVE REPORT) FOR THE YEAR ENDED 31 MARCH 202S FINANCIAL REVIEW- ¢ontinued Antl¢ipaled Outcomes Clear otganisalional identty defining what disability means al Candoco Redpfingd bgneficiary focus with delailed personas guiding all decislons Suslalnable funding slralegy diversifying Income streams and reducing over-reliance on slngle funding sources Values-driven Culture with aged behaviours and accountability frameworks that support psychological safety Innovative govemance model clarfyin9 decision-making palhways and embedding disabled leadership at all lovels Cornprehensive strategic plan with 6-18 month goals and measurable outcomes aligned to our theory of change Enhanced team dynamics with clear rol85, ¥e$ponsibiliti88, and working practice8 Risk mitigation framework addressing current organi$ational ¢hallenges and futu threats. ACKNOWLEDGEMENTS The Iruslees extend sincere gratitude to all supporters, lunders, partners, and collaborators who have enabled Candoco's continued Impact during this tr8nsfoTmational year. Special thanks to Arts Council England, Soulhwark Council, Cockayne The London Community Foundallon, G8rfleld Weston Foundation. Paul Hamlyn Foundation, Tru61 lor London Disability Jusli¢e Fund. Van Cleef & Arpels, and all individual donors for their bellef in our misslon. We acknowledge Ihe dedication of all staff, artisls, and volunteers who have contributed to delivering exceptional work while navigating slgnifficanl organlsalional change. demonstrating remarf(able resilience 8nd Commitment to our ambitions and objective8. STATEMENT OF TRUSTEES RespoNSI8ILITIES The Iru$tees are responsible for preparing the trustees. report and the financial statements in accordance with appllcable law and United Kingdom Accounting Standards (United Kingdom G8nèrally Accepted Accounting Practice), including Flnanclal Reportlng Standard 102. Company law requlres trustees lo prepare financial statements for each financlal year, whSch provlde an accurate and falr vlew of the charitable company8 affairs, including ils inming resources and the appllc8tson of resources, such a5 income and expendllure. In preparing these financial statements. the trustees are requlred to.. Select suilable accounllng poll¢le$ ond apply them consi818ntly Observe the methods and principles in tho Charities SORP 2015 (FRS 102} Make judgemenls and estimates that are reasonable and prudent Prepare the financial stalemonts on the going Concern basis unless it is inappropriate The trustees are responslbla for malnlainlng proper accounllng records, safeguarding assets, and taking reasonable steps to prevent and detect fraud and other irregularities. STATEMENT OF OISCLOSURE TO AUDITORS In so far as the trustees ara aware: there is no relevant audit InfOatIOn of which the charitable company's auditors are unaware.. and thè Irusleos have takèn all steps that they ought lo have taken to make themselves aware of any relevant audit infomialion and lo eslablish that the auditors are aware of that infomalion. This repori has been prepared in aexordanca with the speclal provislons ol Part 15 ol the Companies Act 2006 relating tt) small Companies. Approved by order of Ihe board of trustees on 2511112025 and signed on its behalf by: Sharon Watson INOV 25, 2025 18=32..14 GMT) Sharon Watson Chair of Twstees Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CANDOCO DANCE COMPANY (REGISTERED NUMBER: 02837146) Oplnlon We have audlled the flnanclal slalemenls of Candoco Dance Company {Ihe 'charilable comp8ny'} for the year ended 31 March 2025 which comprise the Slalement of Financial Activities, the Balance Sheet. th& Cash Flow Stslemenl and notes lo the financial stalements. induding a summary of slgnlficant accountlng policies. The financial reporting framework thal has been applied in Iheir preparation 1$ applicable law and United Kingdom A¢¢ounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in Ihe UK and Republi¢ of Ireland, Iunited Kingdom Generally Accepted Accounting Practice). In our opinion, the financial $talements.' give a true and fail view of the slate of the charltable company's affairs as at 31 March 2025 and of its incoming resources and application of resources. for the year then ended., have been properly prepared in accordance with United Klngdom Generally A¢¢epled A¢¢ounting Pra¢li¢e,' and have been preparèd in accordance with the requiwments of the Companies Act 2006. Basls for oplnlon We Conducted our audit in a¢Lrdanc0 with International Standards on Audltlng (UK) (ISAS {UKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilili&s for Ih• audit ol th• financial statements se¢lion of our report. We are Independent ol the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard and the provisions available for Small entiti8s. in Ihe circumstances sel oul in note 1 to the financial slalements. and we have lulfilled our other ethical responsibilities in accordanc& with these rèquirements. We believe Ihal Iha audlt evbdonce we have oblained is sufficient and appiopriale lo provide a basis lor our opinion. ConGluslons rolatlng to golng con¢orn In auditing the financial sl8temenls, we have concluded that th• Irust•os' ug0 of the golng concem basis of accountlng In the pr8paralion of the financial st8lemenls is appropriate. Based on the work w• have performed, we have not Idenltfied any malerlal uncertaln1188 mlallng lo events or condlllon$ that, individually or collectively, may cast slgnificanl doubl on the ¢haritable company's ability lo ¢onlinue as a going concem for a period of al least twelve months from when the financial statements are authorised lor issue. Our r•sponslblllllo8 and the re8pontsibililie8 of the trusl8é$ with r•specl lo golng concem arn d•xrib•d In th• rnl•vanl secllons of thls report. Other Informatlon The other informallon comprises the Inforrnallon Included In the annual report olher than the flnanclal statements and our auditor's report Ihereon. The tru$lees are responsible for the olher Infomalion contained within the annual report. Our opinion on the financlal statements does not cover the other Information and, except lo the exlenl otherwise explicitly slated In our repart, we do nol expre$$ any form ol a$suran¢e Conclusion Ihereon. Our responsibility is lo read the other infomalion and, in doing $0. consider whether the other InfOallon is materially inconsistent with Ihe financial $talemenl$ or our knowledge obtained in the course of the audit, or olherwise appeats to be malenally misslaled. If we identify such material inconsistencies or appanI material misstatements. we are required to determine whether this gives rise lo a material misstatement in the financial slat¢m•nl$ lh6m$olve$. If, based on the work we have perfonned. w8 conclude that there Is a material misstatement of thls other Information, we ar8 roquired to report that fa. We have nothing lo report in this regard. Oplnlons on other matters prescrlbed by the Companles Acl 2006 In our opinion. based on the work undertaken In the course of the audit= the information given in the Iruslees, report, which includes the direclors, report prepared for the purposes of company law, for the financial year for which the finandal statements are prepared is consistent with the financial slatemenls: and the d1ctOrS. report included within the trustees, report has been prepared in accordance with applicable legal requirements. Page11
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CANDOCO DANCE COMPANY IREGISTERED NUMBER: 02837146) Matters on which we are required to report by •xceptlon In the Ilghl ol the knowledge and undersLinding of the charllable company and its environment oblalned In the course of the audit. we have not identified material misstatements in the trustees. report. We have nothing to Teport in respect of the following matters in relation to which the Companies Act 2006 requires us lo report to you if. in our oplnion.. adequate accounting records have not been kepl, or relums adequate for our audlt have not been received from branches not visited by us. or the financial statements are nol in agreement with the accounting records and retums,. or certain disclosures of trustees, remun8ralion speclfied by law are not made; or we have not received all the information and explanations we require for our audit., or the trustees were not entitled lo prepare the financial stslements in accordance with the small companies regime and lake advantage of the small ¢ompanle8' exemptson$ in preparing the trusteas, report and from the requirement lo prepare a strategic r8POrt. R•ipon•lbllltl•s of tru•t••• AS explained more fully in the Iru51ees' iesponsibilities statement. Ihe Irvslees (who are also Ihe directors ol the chantable company for the purposes of Gompany lawl are responsible for the preparallon of the financial stalernent¥ and for being satisfied that they give a tNe and fair view. and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from malenal misslalemenl, whether due to fraud or error. In preparing the financial slatemenls, the Iru5tees are responsible for assessing the charltabl• company's ability to contlnue as a going concern. dis¢losing. as appli¢able, matters relaled to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitabl8 company or to cea58 OP8rations, or have no realistic alt8rnalive bLrt to do so. Audltor's r•spon$lbllltl•8 for th• aud5t of th• flnan¢lal 8tal•m•nts Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstalemenl, whether due lo fraud or error, and lo issu8 an auditols report that indudes our opinion. Reasonable a$$uran¢e Is a high level of assurance but18 not a guaranl8o Ihat an audit conducted in accordance with ISAS (UK) I11 always delecl a material misstalemenl when il exists. Misslatemenls Can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected lo inlluonce the economic decisions of use taken on the b881$ ol these fin8n¢ial slalemenl9. A further description of our responsibilities is available on the Financial Reporting Council's vftbsile at.. https-IfvMW.Irc.org.ukJaudltorsre$ponslbilllles. Thls doscrlpllon forms part of our audllorfs report. Extent to whlch the audlt was ¢on8ld•rod Capable of d•ts¢tlng Irr•gularltles. Includlng Iraud Irregularlties, including fraud, are inslan¢es of non-wmpllance wllh laws and regulations. We deslgn procedures in line with our responsibilities, outlined above and on the Financial Reporting Councll's website, to delecl material misstalemenls Mspe¢l ol Irreguladlles, Including fraud. We obtain and update our understanding of the entity, ils aclivilies. its Control environment, and likely future developments, In¢ludin9 in relation lo the le9al and regulatory fr8m&work applicable and how the enllty 1$ complylng wlth Ihal framework. Based on this understanding. we identify and assess the risks of material misstatement of the financial stalemonts, whether due lo fraud or error, design and perfom audit procedures responsive lo those risks. and obtain audil evidence that is sufficient 8nd appropriate lo provide a basis lor our opinion. This includes ¢onsid8r8llon of the risk of 8¢1$ by Iho •ntity that were contrary to applicable laws and regulations, including fravd. Page 12
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CANDOCO DANCE COMPANY IREGISTERED NUMBER: 02837146) In response to the risk of irregularities and non-compliance wilh laws and regulations, including fraud, we designed procedures which included.. Enquiry of management and those charged with governance around actual and potential litigation and claims as well 8S actual. su$pe¢led and alleged fraud,. Reviewng minutes of meetings of those charged with governance.. Assessing the extent of compliance with the laws and regulations consldered to have a d1¢1 material effect on the financial statements or the operations of the charltable company through enquiry and inspection.. Reviewng financial slalemenl disclosures and testing lo supporting documenlalion lo assess compliance with applicable laws and regulations., Perfoming audit work over the risk of management bias and override of controls, includlng lesting of joumal entries and other adjustrnenls for appropriateness, evaluating the business rationale ol significant transactions outside the normal Course of buslnes$ and revlewing accounting eslimales for indicalorn of polonlial blas. Because of the inherent limitations of an audit, ther8 is a risk that we 1• not delecl all 1rularl118s, including those leading lo a material misslalement in the financi81 stalemenls or non<0mplian with regulation. This risk increases the more that compliance wilh a law or regulation Is removed from the events and transactions reflected In the financial slalemenls. 88 we will be less likely lo become aware of instances of nonvcompliance. The risk of not detecting a material misslalement resulting from fraud is higher than for one resulting from errol, as fraud May Snvolve collusion. forgery. intentional omissions. mlsrepresentations, or the ovorrlde of Intomal contrd. Use of our report Thls report 1$ made Solely to the charltsble companys m8mb8r8, as a body, In accordance wllh Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charltable ¢ompanVs members those mallers we are required to slate lo them in an audilorfs report and for no other purpose. To the fullest extent pernitted by law, wa do not accept or assume responslbllity to anyone olher than the Gharitable company and the ¢harilable company's members as a body. for our audit work, for thls fOPOrt, or lor the opinions we hove lonned. Aa 4cr_v4 J Howard FCA (Senior Slalutory Auditor) for and on behalf ol Azels Audit S•Nl¢es Slatulory Audilof, Chartered Accountants 2nd Floor Regis House 45 Klng Wi11Sam Stre81 London EC4R 9AN Data.. Page 13
CANDOCO DANCE COMPANY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unrostrictod funds Restricted funds Not•• INCOME AND ENDOWMENTS FROM Donations and lega¢ies Charltable actlvltles Performances Education 469,420 193,350 662,770 502.346 43,497 33,224 43,497 33,224 84,421 16,992 Investmont Income Other income 5,211 5.211 85.330 2,784 71.059 Tot•1 636,682 193,3SO 830,032 677.602 EXPENDITURE ON Ralslng funds Charltablè actlvltl•$ Performance Educats'on 66.663 66,663 52.182 423,306 100 375 423.308 193,410 453,634 Tot•1 590,344 93,033 683,379 767.383 NET INCOMEIIEXPENDITURE) 46,338 100,31 S 146,653 189.781) Transf•r8 between funds 20 N•t movémént In funds 40,338 100,315 146,653 (89,781) RECONCILIATION OF FUNDS 20 Total lund8 brought loard 274,777 274,777 364.558 TOTAL FUNDS CARRIED FORWARD 321115 100 315 421430 274,777 The noles fom part of these financial slalements Page 14
CANDOCO DANCE COMPANY IREGISTERED NUMBER: 02837146) BALANCE SHEET AT 31 MARCH 2025 2025 2024 Note$ FIXED ASSETS Tangible assets 14 8.643 10,969 CURRENT ASSETS Debtors Investments Cash in hand 15 16 132,582 141,548 73,888 89.001 353.362 485.924 304,435 CREDITORS Amoun1$ falllng due wlthln one year 17 173,1371 (40.627> NET CURRENT ASSETS 412 787 263 808 TOTAL ASSETS LESS CURRENT LIABILITIES 421.430 274.777 NET ASSETS 421430 274,777 FUNDS Unresirioled funds Restricted funds 20 321,11S 100 315 274,777 TOTAL FUNDS 421430 274,777 These financial statements have been prepared in accordance with the spe¢i81 provisions of Part 15 of the Companies Act 2006 relating to charitable small companles. The fflnanclal slal8m•nts wero approvod by th6 Board of Tru6t••s on 25/1112025 behalf by: and wore signed on 118 Shèron Watson (Nov 25, 2025 18'.32..14 GMT) Sharon Walson - Chair of Tfu$toe8 The notes fomi part of these financial statements Page 15
CANDOCO DANCE COMPANY CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities: Cash génerated from opefatlons 186,644 1192621 Net Cash providèd by lusod inl op•rating •¢tlvlti•s 119 262) Cash Ilows from Investlng activitles: Purchas• of tangibl8 fix•d assèts Interest received (1,3821 5,211 13.3881 2.784 Not ¢a8h provld•d by Iu8od Inl Investlng attlvltl•• Chang• In cash and cash •qulval•nts In th• reportlng porlod 190,473 (119,866) Cash and cash equlvalents al the beglnnlng of tho r•portlng p•rlod 162.889 282,755 Cash and Cash •qulvalents at the end of th• reportlng period 353 362 162.889 Cash and eash •qulval•nts conslgts of: Cash al bank Short tem deposlts 353,632 89,001 16 Cash and cash èqulvalentg 81 lh• end of the r0POrtlng p•rlod 162 889 The notes fonn part of these financial statements Page 16
CANDOCO DANCE COMPANY NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 N•t In¢omellexp•ndltur•l for th• r•portlng perlod las p•r th• Btat•m•nt of Ilnanclal acllvltl•$l Adjustments for: Depreclation Charges Interèst received Decreasellincrease) in debtors Incréasellde¢rease) in creditors 146,653 {89.781 } 3,708 {5.211) 8,984 3,932 {2.7841 14,214 N•t cash provlded by (u$•d Inl operatlng a¢llvltles 186,644 119 262) Page 17
CANDOCO DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES {a) General Infomiation Candoco Dance Company is a charitable company limited by guaranlee in the United Kingdom. The address of Ihe registered office is given in the charity infomalion on page 1 of these financial slalements. The nature of the Charity's operations and principal activities are sel out on page 2. Ibl Ba$ls of prnparlng th• flnanclal •lat•m•nt$ These financial statements have been prepared in accordance with the Financial Reports'ng Standard 102 -The Financial Reporting Standard appli¢able in Ihe UK and Republi¢ of Ireland" the Companies Act 2006: and the requirements of the Slalemenl of Reco9nised Practice, Accounting and Reporting by Charllies (effective 1 January 201 S). The financial Statents have been prepared under the historical cost convention. The finan¢lal statements a presenteij in sterling (£1 whlch 1$ also the luncllonal currency for the charity. (c) Golng Concern The Iruslees have examinod Ihe 24125 a¢counls together wllh the budget for 25126. and are confident that the organisation remains sufficiently resourced lo meet its financial liabilitses for the 12 months from the point of aulhorisation of the59 accounts. Careful monitoring of cashnow and the securing of income before funds arè committed lo a number of Identified proje¢l$ In-year, will on$ure th81 Ihe company malnlains. at mlnlmum. 118 £150,000 volatility reserve. Id) Judgements and key sources of estlmatlon uncertalnty Accounling eslimal8s and judgements are continually evaluated and are based on hlstoricol8xflenc8 and other factors, Sncludlng expectations of future events that are belleved to be reasonable under Ihe ¢iUM$n¢fjs. The following judgements (apart from those Involving estimates) havé bèen made Sn the process of applylng th8 abov8 accounting policies that have had the mosl signlficanl effect on amounts rocognised in the financial Slalements: Useful economic lives of tangible assets Th$ annual depreciation ¢harg8 for tangible assets is sensitive lo changes in the estimated useful lives and re5idu81 values of Ihe assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect curronl eslimates, based on technological advancement, future investh)enl$. econ0Th¢ ulilisalion and the physical condition of the assets. Sèe note 14 for the carying amount of the plant and machinery and note 21 for Ihe useful economlc Ilvos for each ¢lass ol assets. There are no key assumptions concerning the future and other key sources of estimation uncertainty al the reportin9 dale Ihat hav8 a significant rlsk ol Causing 8 malorlal adjustment lo the carrying amoun1$ of a8s818 and liabilities withln Ihe next financial year. (•) L•gal 8tatu• Candoco is a company Ilmited by guarantee and has no share Gapital. The Ilabllity of ea¢h member in the ovent of a wnding up is limilgd to £10. {fj Publlc gen•fft The charitable company meels Ihe definition of a public benefit entity under FRS 102. {g) Fundlng accountlng Restricted funds - these are funds thal can only be used for $pecifi¢ restricted purposes within the objects of the charity. R¢striclions arise when specified by the donor or when funds are raisod for particular restricted pu0$8$. Designated funds - Ihese are funds sel aside by Ihe trustees oul of unrestricted general funds for specific fulure purposes or proiecls. Unrestricted general funds - these are fvnd$ which can be used in accordance with the charitable obJe¢ts at the discretion of the trusteos. Page 18
CANDOCO DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued {h) Taxation The charitable company is consldered lo pas$ Ihe tests $el out In Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meels the definilion of a charilable company for UK corporalion tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or ¢apilal gains received within cale9ones covered by Chapter 3 Part11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to Ihe extent that such income or gains are applied exclusively to charitable purposes. (l) Income All Incoming resources are included in Ihe Statement of Financlal Acllvilles (SOFA) when the Charity is legally entitled to the income after any perfomiance conditions have been met. Ihe amount can be measured reliably and it 16 probable that Ihe income will be received. Donation Income including core grants, donallons and glfts Is included in full in the Statement of Financial Activttles when receivable. Grants. where enlillemenl is nol conditional on the delivery of specific performance by the charity. are rècognlsed when the charity becom•$ uncondlllonally entilled to the grant. Incoming resources from charitable activities includes income from performar)ce fees received urKler contracts. Grant income included in Ihls category provides funding lo support perfomance aclivilies, touring or education prolects and Is feGognlsod whoro thoro 1$ 8ntiUemenl, certainty of receipt and tho amount Gan b• moa$ured with sufficient reliability. Investment Income is Included when recelvable. O) Expendltur• Llabilitie5 are recognlsed as expendiluffj as soon as there Is a legal or ¢onslruclSve obllgalion committing the charity lo that expendllure,11 Is probable Ihal Settlemonl wlll bo required and tho amount ol tho obligation ¢an be measured reliably. All exp8ndilure 1$ accounled for on an accruals basis. All expens6s includlng support co$1$ and govemance costs are allocatéd or apportioned to the appllcable oxpondilur• headings - seo lh8 allocation ol support and govemanc• costs for more detall. Cosls in relallon to ra181ng funds consi81 of Costs In relatlon lo lundralslng and publiclty expendlluTe. Costs ol charitable activities consist of those costs incurred by the charity in the delivery of ils activities and services lor Ils beneficiaries. 11 include$ both costs allocated directly lo such activities and those costs of an indirecl nature necessary lo support them. (k) Allo¢allon and apportlonm•nt of costs Support costs are those that asslsl the work of the charlly but do nol directly represent charitable activities and indude govemance costs, administrative office function costs, depreciation, HR and recrullment. and premlses costs. They are incurred directly in support of expenditure on the objects of the ¢harrtable cmpanY. Govemance Costs comprise all costs Involving the publlc a¢¢ounlablllty of the charity and ils compllance wllh regulation and good praclice. These costs include ¢osls related lo the statutory audit fees, insurance costs and board expenses. Support and Governance costs hav8 been allocated a¢ro$$ the charitable activities usin9 various percentage allocations. 11) Tanglblo flxod assets Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided on all tangible fixed a55et$, al rates calculated to wrllè off the cost of each asset on a straight-'no basis over the asset's estimated useful lives as follows.. Flxtures, fittings and equipynent 25% - Reduclng balance (m) Dftbtors Additional contract income receivable is measured at Ihe amount due to be received. Other debtors are recognised at the Settlement amount due. Prepayments are valued al the amounl pr8paid. Accfued income is measured at the amount due to be received. Page 19
CANOOCO DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS - CONTINUEO FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - eontlnued {nl Current ass•t Inv•stm¢nts Currenl asset investrnents compnse cash deposlis wlth an orlglnal malurlty dat• of more Ihan 3 months. {ol Cash at bank and in hand Cash al bank and cash in hand includes cash and short term highly liquid inveslmenl8 Wlth a short maturity of three months or less from the date of acquisition or opening of the deposit or sIMar accounts. {pl Cr•dltors Creditors are racognlsed where the charity has a present obllgation resulting from 8 pasl event that will probably result in the transfer of funds to a thiid party and the amount due to settle the obligation can be measured or eslimaled reliably. Olher creditors and accruals are recognised al their setllemenl amount due. {ql Flnanclal Instruments The charity only has financial assets and financial liabilrties of a kind thal qualify as basic financial inslNmenl$. Basic financial inslrumenls are initially recognised al Iran5aclion value and subsequenlly m8asured al thelr settlemenl value. Irl Op•ratlng lèa$•$ Rentals applicable to operatlng leases where substantially all of the benefits and risks of ownership ramaln wlth the18s50r. Rontal Charges are charged on a $tralghl-Ilne basls ov?r th• tom of the leose. DONATIONS AND LEGACIES Unrestrlcted Funds Restrlctod Funds Total 2025 Total 2024 Core grants receivable Donations and glfts 456.130 13.290 193,350 649,480 466.130 36.216 469,420 193,350 862.770 502,346 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Acllvlty Performances Education Performance lees Education fees 43,497 84,421 101.413 INVESTMENT INCOME 2025 2024 Bank inlere$l receivable 5.211 2.784 OTHER INCOME 2025 2024 In¢ludin9 theatre tax relief 8S.330 71,059 85.330 Page 20
CANDOCO DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 RAISING FUNDS 2025 2024 Staff costs Support costs 37,256 29,407 31,417 20,765 66.663 52.182 CHARITABLE ACTIVITIES COSTS Support costs (SM not• 9) Dlrect ¢osts Totals Perfomian¢es Education 349.091 148.530 74,215 423,306 193410 497,621 119095 616,716 In 2024. the total ¢h8rilabl• actlvllle5 costs 01 £715,201 ware Splll £586,342 Dlr8Ct cosls and £128.589 Support Costs. SUPPORT COSTS Govern•ne• costs Other Totals Ralslng funds Performances Educalion 16,628 28,244 12,779 45,971 29,407 74,215 85.075 In 2024. the total support costs of £149,624 were split £70,898 Other and £78,726 Governance costs. Support CO8t$, included in thè above, are 88 follows.. 2025 2024 Rent and room hire Sundries Communication costs Wages Accountancy fee$ Auditors, remuneralion Auditors. remuneralion lor non-audil work Insuran Telephone Prlnling, p0818nd slalionary Other costs Depreciation of tangible fixed assels Training Travel Foreign exchange 13,060 7,572 27,246 59,147 1,986 6,100 3,300 5.252 18 240 9,458 3.712 11,106 11.819 11,228 13,311 57,412 1,345 5,500 2.300 6,634 720 407 18,796 3,932 12,973 1.119 2,128 121 148.502 149,624 Page 21
CANDOCO DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS - CONTINUEO FOR THE YEAR ENDED 31 MARCH 2025 10. NET INCOMEI{EXPENDITURE Net Incomel(expondllure) is slated after charging.. 2025 2024 Auditors. MuneratiOn Other non-audit services Depreciation - owned assets Operats'ng lease rentals 6.100 3,300 3.712 13.060 5.500 2,300 3.932 11,819 11. TRUSTEES. REMUNERATION ANO BENÉFITS There were no Iruslees who received remuneratlon or olh•r bènoflls for the year ond•d 31 March 2025 nor for the year ended 31 March 2024. Trust••8' exp•n••• Dunng ihe year. out-of-pockel and travel expenses 01 £70212024.. É126) were reimburned to 9 Injslees {2024.' 4). 12. STAFF COSTS 2025 2024 Salariès and w8g68 Social security costs Other pension costs 384,807 25,085 17.630 490,016 25,116 18,278 427 522 533 410 Included wllhln sa18rles and wages are ¢o$l$ In relalon lo lf-emplOYed dancers and freelance staff. The average number of employees was.. Full-time staff Part-time staff Employee time has been allocated either.. To direct costs on a percentage of the lime spent by an employee on an activity To support ¢osls allocated on a p8Tcenlage basis over all Ihe costs. The key management of the charity comprises Ihe sentor management team (Executive Director and Co- Artislic Directors. as noted on page 1). No employee received emoluments of more than £60,00012024.' none) rhe total employee emoluments of the key management personnel of the charity were £124,01212024: £87,134). 12.1 PENSION COMMITMENTS The company conlribules lo a dèfined contribution pension scheme in fespecl of ils employees and self-employed staff. The oontributions payable a charged lo the statement of financial activities. Pension contributions for the year amounted to £17,630 (2024.. £18.2781. Page 22
CANDOCO DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES12024) Unr•strlcted funds R?strl¢l•d Tot•1 fund lund$ INCOME AND ENDOWMENTS FROM Donations and legacies Charitable actlvltles Performances Education 492,346 10.000 S02.346 84,421 16,992 84.421 16,992 Investment income Olhei income 2,784 2,784 Total 667,602 10,000 677.602 EXPENDITURE ON Raislng funds Charitable activitl•s Perfom)an¢es Education 52,182 52.182 453,634 251,567 453,634 261567 Totsl 757,383 10,000 767,383 NET INCOMEI(EXPENDITURE) (89.781) (89,781 Tran8f•r• b•lw••n lund• N•t mov•m•nl In fund• (89,781) 189,781) RECONCILIATION OF FUNDS Total funds brought forward 383.714 383,714 TOTAL FUNDS CARRIED FORWARD 364 558 14. TANG18LE FIXED ASSETS Plant and maGhin•ry COST Al 1 April 2024 Addition$ Dlsposals 67.631 1,382 Al 31 March 2025 69,013 DEPRECIATION Al 1 April 2024 Charge for year Eliminaled on disposal 58.662 3,708 Al 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 10.969 Page 23
CANDOCO DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors VAT Prepayments and a¢¢rued income 1,254 41.610 5,912 6.793 10,102 3.124 121.527 132 562 16. CURRENT ASSET INVESTMENTS 2025 2024 Oth•T 73.888 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade credllors Other tax and social security Other creditors Accruals and deferred incomè 26.671 6,128 6,252 8,598 9,193 318 40,627 Deferrèd Income 2025 2024 Balance at 1 April 2024 Amount released lo incoming resourcei Amount def8rr8d In year (800) 8alance at 31 March 2025 Deferred Income in 2024 relates to income recelved during the year for one leaming proiecl wllh Ihe New Wolsey Thealro. There 1$ no doferrnd Income at the •nd of 2025. Page 24
CANDOCO DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENOED 31 MARCH 2025 18. LEASING AGREEMENTS The charity had lolal comrnllment5 under an operatlng lease as follow$: Land and Buildings 2025 2024 Due within one year Due behveen one and five years 8,600 3,225 8,600 3,225 11,825 11,825 19. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total funds 2024 Total fvnds Unr•strl¢ted funds R¢strl¢ted funds Flxed assets Current assets Current liabilities 8,643 385.609 73 137) 8,643 485,924 73 137) 10.969 304.435 40.627) 100,315 321.115 100 315 421,430 274.777 20. MOVEMENT IN FUNDS Not m•v•m•nt In fund• Transfers belwegn fund$ At 114124 At 3113125 Unrestrl¢t•d fund$ Generaiivolalility fund Access Contingency fund Creative Inveslmenl fund 150,000 50,000 74,777 46,338 {46,3381 150,000 50,000 46,338 274,777 48.338 238,080 Restrl¢t•d fvnds Garfield Weston Foundation Paul Hamlyn Foundation Trust for London, Disability Justi Fund 10,417 59,992 29,906 10,417 59,992 29,906 183 350 183.350 TOTAL FUNDS 274 777 146.653 421430 Page 25
CANDOCO DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 20. MOVEMENT IN FUNDS- contlnu•d Net movem•nl in funds. Induded in the above are a5 follows- In¢omlng resources Resources Movement In èxpènd•d lunds Unreslrlcted funds General fund 636,682 (590,344) 46,338 Restrlct•d funds Garfield Weston Foundation Cockayne, The London Communty Foundation Paul Hamlyn Foundatlon Soulhwark Council Trust for London. Dlsability Justice Fund 25,000 20.000 78,350 10.000 (14,S83) (20.000) (18.358) {io.000) 30 094) 10.417 59,992 29.906 TOTAL FUNDS 830 032 683.379) 146.653 De8lgnat•d funds Designated funds lomi part of Unrestricted Funds and are amounts sel aslde by Ihe Iruslees lo meet specific future requirements of the organisatlon. A Volalilrty Fund Is deslgnaled In the Reser•es Pollcy. Thls is regulady revlewed by the trustees in the Context ol the company's operational costs. The fund level Is currently set al £150,000 to reflect three months, operational costs {ie excluding artistic projects). The Creative Investment Fund enables investment in artistic a¢llvlty as outlined in Ihe buslness plan. This is a fluctuating fund, bein9 drawn down lo create work, and then reflated when a surplus allows. The Access Conllngency Fund provldes a buffer should access costs exee8d those budgeted for In-year, partlcvlarly in the case of Ihe Govèrnment's Access to Work scheme nol providing the expected support. R•strlcted funds The Cockayne, The London Communlty Foundation grant Is lo support th& creation of Over 8nd Over (and over again), the Company's 2024 work, devised by Dan Daw Creative Projects. The Garfield Weston Foundation grant supports the company in re-slabilisin9 throughout the costf-11vln9 Crisis while developing exciting work which affirms Candoco's reputation as a glob81 leader in inclusive dance The Paul Hamlyn Foundatlon grant is to support the sustenance of dlsabled arusts. trustees and directots and to support developing 8 culture of care within Candoco which is grounded in disability justice. The Company gratefully recelved a grant of £10,000 from SouthwaTk Borough Council lo support 8¢tivlty wilhln andoco's local community of Peckham wih a Day of Dance, offering free engagement opportunities to participate in workshops, enjoy outdoor ptrfomiances and creale work. The Trust for London, Disability Juslice Fund grant supports the salary costs for a Head of A¢ces$ and Equity, as well as resources for disabled leaders, collaborative workiDg inl8rrogalion plus overhead costs. Page 26
CANDOCO DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDEO 31 MARCH 2025 20. MOVEMENT IN FUNDS . continued Comparatlves for movemenl In funds Net movomont in funds Transfers botween lunds Al 114123 At 3113124 Unrestricted Funds Generaltvolatillly fvnd Access Fund Creative Investment fund 1SO,000 50,000 164.558 189,7811 89.781 150,000 50,000 89,781) 364,558 189,7811 274,777 R•strlct•d funds Day of Danc¢ TOTAL FUNDS 89 781) 274.777 Compar8llve net movement in funds. included in the above are as follows: Incomlng r¢$our¢es R•sourco$ •xpended Movemenl In lund$ Unr•strlct•d lund$ General fund 667,802 1757.3831 (89,781 R¢$trlcted fvnd• Culture Recovery Fund 10,000 {10,0001 TOTAL FUNDS 677 602 767 3831 89 781) 21. RELATED PARTY DISCLOSURES There wére no related party transactions for tho year ended 31 Mar¢h 202512024: Noné). Page 27
CANDOCO DANCE COMPANY DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 INCOME AND ENDOWMENTS 2025 2024 Don•tlons and10gacl•s Individual donations ACE National Portfolio funding Paul Hamlyn Foundation Garfield Weston Foundation Trust for London. Disability Juslice Fund Cockayne, The London Community Foundation Soulhwark Coun¢ll 13,290 456.130 78,350 25,000 60.000 20,000 10,000 36.216 456.130 10,000 662,770 502.346 Inve8tment Incom• Bank interest receivable 5,211 2.784 Charltsblo a¢tlvltl•• Performance fees Educakn'on fees 43.497 84.421 16.992 81,932 101.413 Other Incom• other Incomlng resources 71.059 Total Incoming resour¢es 830,032 677.602 EXPENDITURE Ral$lng funds Wages 37,256 31,417 Charltabl• actlvlll•• Wages Direct costs - Perfoman¢es Dlrect Costs - Educallon 331.118 134,689 444,581 82,568 59.193 497,621 586,342 Support ¢osts Rent and room hire Telephone ' Printing, Post and Stationery Sundries Recruitment Repair5 and maintenance Subscriptions and publications 13,060 18 240 7,572 832 3.769 779 11.819 720 407 11.228 11,748 5,461 558 This page does not form part of the slatulory financial slalemenls Page 28
CANDOCO DANCE COMPANY DETAILED STATEMENT OF FINANCIAL ACTIVITIES (Contlnu•dl FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Bank charges Communication costs Depreciation Wages Auditors. remuneration Auditors, remuneralion for non audil work Insurance Legal and Professlonal Accountancy fees 8oard expènsès Training Travel For•ign exchange 283 27,246 3,712 59.147 6,100 3,300 5,252 13,311 3.932 57,412 5.500 2,300 6,634 1,986 3,795 11.106 184 121 1,345 663 12,973 1,119 2.128 148 502 149 624 Total r•sourc•s •xp•nd•d 683,379 767,383 N•t In¢om¢ll•xp•ndltur•) 146 653 89,781) This page doe$ not form part of the statutory financial statements Page 29