Company reglstration number.. 03292609 c.harity registration number,- 1062185 Magpie Dance IA compriny limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 202S Field Sullivan Lirriited 9 Hare & Billet Road Blackheath SE3 ORB Magpie Dance Content5 Reference and Administrative Details Trustees, Report 2to12 Independent Examiner's Report 13to14 Statement of FlnancSal Activities 15 Balance Sheet 16to17 Statement of Cash Flows 18 Notes to the Financial Statements 19to32 Magpie Dance Reference and Administrative Details Trustees Jade Bassett Aaron Francls Megan Ellnor Gardiner Jesslca Lynch-Blosse Allisha OLJiinmefun Analsli Yilma-Parmar Eamonn Prendergast Christopher Wicks Michaela Moore5 Anjie Enabor Faye Hèrrison Mlchaela Moores Secretary Charlty Reglstr3tlon Number 1062185 Company Regi5tr3tlon Number 03292609 The charSty is incorporated iii England & Wales. C/0 Churchlll Theatre High Street Bromley BRI IHA Registered Offlce Independent Examlner Fleld Sulllvan l.Imlted 9 Hare & Blllet Road Blackheath SE3 ORB Page I Magpie Dance Trustees, Report Trustees, Report The Truslees, who are also tlie Directors of the company under tho Companle5 Act 2006, submit their report and tlie financial stalenients of Magpie Dance for tho yoar ended 31 March 2025, which have been prepared iii compliance with current statutory requirement5, The Conipanies Act 1985, the Charitles SORP IFRS 1021 applicable to charltles preparing their accounts Iii accordance with the Financial Reporting Standard applicable itj the IIK and Republic of Ireland and the Charltle5 Act 2011,. and with the charity's governing documont, it5 Memorandum and Articles of Association. Pur oses Magpie Dance's cliaritable purposes as set out in Artlcle 4 of the company's Aiticles of Associatlon are as follows.. To advance education for the public beneflt in the performin8 arts and learning disability in general. To provide or asslst in the provlsion of facilities in the ii)terests of soclal welfare for the recreation or other leisure time occupation of Ir¥divlduals who have need of such facilities by reason of their disabillties wlth the objective of improving thelr conditions of Ilfe. Alms and Ob ectives The alm of our charity is to enable people with learning disabilities to reach thelr full per50n31, 50Cl8 people wl)o livè away during the week and rire unable to attend repular classes las well as those who do attend our regiilar sossSonsl, WÈ dplivered ari Eastei. ai)d Summer scliool to 136 children, young people and adults with learnlng disabilitles. We deliver all three schools (Junior, Youth and Adults) in 3 studios in the same venue, enabllng peer to peer end of week performaiites las well as to parents and carersl. Page 3 Magpie Dance Trustees, Report Mugple Peer Mentors Our Peer MentorinE programme has been adapted from oijr Inclusive Dance Practice TrainSng programme for professional teachers. Magpie Dance participants are Invited to undertake a three-term programine to develop leader51iip and communicatioii sk1115, support peers in class, and assist the work of tlie lead facilitator. Tlie prograinme develops core skills In a supportive and familiar environment, which parlltlpants can tal(e into otlier volunteoririg and work outslde of Magpie Dance. It empowors partlcipant5 to demonstrate their leadership skills, ènd challeiiges perceptions toward people with learning discibilities. Participants who complete the Peer Mentoring programme are invited to become Ambassadors. Mogpie Ambussudors This programme is a professional progression and skills development opportunlty for active par¥icipants aged 16 years and over who have completed the Pepr Mentor programm@. This scheme benefits 16 particlpants I'Ambassadors'l who assist in sessions, Iindortake i)ubllcitV ilctivitles for Magpie Dance, present and speak at event5 and siipport and take lead responsibilities in the delivery of outreach workshops. The Magple Ambassadors scheme 15 a PBld opportunity. "Magpie Donce h(Ive been absolutely amuzi17g. Tl)e staff have been so frlendly and renlly wont to use the knowledge thut oui. tenms have of the piipils to eiisure that I'hey ure pitching ot the correcl. levels. Huving the Ambassadors come und sUPPOrt the 5e55ion5 our pupi15 instantly gravitated townrds them ond have built beautiful connections. Seeing these relutlOnship5 hos made a few of the 5tu/f cry it W05 $0 wonderful. Having Ilve music is so beneficial. I really think thot this enhonces our pupil and stoff engagement" Laura Stevens, Phase Leader - Riverside School Duncers, Commlttee The Dancers, Comimittee 15 comprised of Clirrent particlpants and is aligned witli our forinal Board of Trustee5. Previoiisly nan)ed the Shadow Board, it was changed in tl)is fly to Dancers, Committee followin8 a revlew facilltated by Cl)arlotte Jonos, the Dlrector of ITC Ilndependent Theatre Couiicill. It was decided to rename and restructure the Sliadow Board In favour of a new and improved Dai)cers' Commitlee, with maln thanges belng the method of selection for Inembershlp Iwliich will be Inore frequentl, the age range of the Commlttee members (which has lowered), the Chair Ibei17E a partSLlpant arid not a Magpie member of staffl and tlie involvempmt and interaction with the Board. Dancers, Committee members receive Easy Read board papers and feedback directly on our activities and future plans. Thls ensures that people with learning disabS1ities have oversight and inpul at the highest levels of decision maklng at Magple Dance, and we are able to design and dellver our work witli the needs and Interests of our communlty at Its heart. Not only do i)ai'licipants contrSbute to matters that impact them flrst hand, but the collaboratlon between Board and Dancer5, Commillee also deeply connects Trustees to our dancers, creating a deeper level of understandiiig and eiigagement from everyone involved. Page 4 Magpie Dance Trustees, Report 2. Artlstlc programming and performance Arllstic Projects and Public performcince are an important part of Magpie Dance's ainhitions to Showcase the woi'k of poople wlth learning dlsahllities. The past seven years has seen tlie resl)aping of Magpie Dance's artistir focus, with the implementation of an Artistic Plan as our vel)icle for growth. This plan ensures Magpie Dance remalns a highly I'elevant, ainbitlous and 5UStaii)able organisation, Launched In 2018, the plan iiitroduced four annual artistic ihemes, kick started by the First World War Centonary project entitled 'Hldden Iinpact, in 2018119 followed by Technology for 2019120 and Dance in Culture I'cilobal Moves and Grooves} for 2020121. The time frames for 2020 were extended diie to the Covid-19 pandemlc- 50 Technology extended to 2020121 with Dance Sn Culture moved to 2021122 and then '(Sori'owcd Land, in 2022/23 and 'OLtr Land, in 2023124. For 2024125 the Artlstic theme wa5 'Oiir People Histories and Heroes, explorin8 t17e hlstory of people witl) learnlng disal)ilitios and looklng at heroes Ipagt and presentl, We are now Into our second year a5 an Arts Councll England 'National Portfolio Organisatloi), INPOI which has changed the way we report,. we have aligned our reporting and monitoring in conjunction with our NPO reportlng and clianges have been made Such a5 Shifting the dates that our Board meet 50 reports are all in-line with quarterly NPO reporting. This transition has run smoothly, aiid we feÈl fortunate to have the NPO Status, and to coiitinLie to deliver our artistic p¥ogramming with this well rocognised industry statu5. Our Artlstlc vislon continues to be the driving force for our thrlving programme of work. As well as our regular weelrk5hops on our YouTube chaiine.l and then tag these into our soclal Inedia to mark national events such as International Day of SiEn Languages, World Mental Health Day and United Natlons Day to spread awaroness. 'Absolutely wonderful and movingl A really beoutiful encoui7ter." Akram Khan, Akram Khcin Dance company on 'Kingdom' Page 5 Magpie Dance Trustees, Report 3. Tralnlng and Outreach Magple Dance continues to be a rpcognised school and affiliate of the Council for Dance Drama and Musical Theatre ICDMTI dance provislon for all of its CPD actlvity this year as woll as a 'London Youth Bronze Award, recipient whicl) mea115 the worl( we undertake has been given a quality assurance stamp of approval. In 2024125 our tralning strands included.. The Inclusive Dhnce Practice Training IIDPTI Scheme., The IDPT 15 our in-house training programme teaching trainee5 the Magpie metho(l and approaches to inclusive dance. Peer mentorlngi Ambassadors and Dancer Development Coursè {DDC),, We continued to P051tion training at the centre of all our work, with peer mentoring schemes acr055 the youth and adult groups allowlng individuals to develop their skills further ilirough three learning modules. On successful completion a peer mentor 15 Illvlted t'o become a Magpie Dance Ambassador,. Ambassadors receive paid worl( and asslst in sessions (both of which have already been mentioned al)ovel. Our DDC partlclpants receive enrichtnent opporluiiltles la5 well as their weekly session51 including worksliop5 aiid professional cla5s15uch as witli Ben Ash at Siobhan Davles Dance Studios) and collaborating with ella&co and BalletBoyz. Tralning workshops for schoolsi professlonal arts o*ganisations, health organlsatlons, 8nd natlonal charltles.. Magple Dance is a recognised incluslve dance tralnlng provider. It is experlenced in delivering tralnlng for dance professionals wishii)g to gain a deeper understanding of 1nilu.sive dance and specifically learniiig disability, and for training teachers to equip them with a greater 51(illset and knowledge base for working inclusively with students with and without disability. People with learning disabilities lour Ambas5adorsl take lead (paid) roles as part of Magpie Dance's training teams to deliver inclusive Irainlng and dance workshops. Workshop5 this year have included weekly sesslons during term time with Marlborough School in Sidcup and CPD for students at Trinity Laban London. We also have Royal Acic demy of Dance IRADI student5 attend our sessions for block periods to learn about inclusive practice, ènd our lead facilitators assess them as part. of their course witl) RAD. At the end of last fly and the beginning of this one, we dellvered 10 weeks of danr.e worksliops in 8 schools at 12 site5 across London Boi'ough5 of Bexley, Bromley, Croydon and Lewisham. We worked with over 1000 children and young people aged 3 - 19 years With a Vciriety of needs,. the prolect not only benefited more children with learning disabilities, but it also boosted numbers for OLir Minis, Juniors and Youth classes as well as new relatioiiships with these schools. We created a film entitled 'lOOO voices, a5 a legacy lo thi5 project. Public Beneflt Magpie Dance is an inclusive dance company. As such all activitles are targeted towards r.hildren, young people and adults with Ilisabilities, in particular learning disal)ilities who make up 1.5 million people in the UK signiflcant sectlon of society. The work undertaken by Magple Danco beneflts these participants dlrectly by providing access to high quality dance activities underpinnÈd by the MagpSe Daiice Quality Framework. Our unique Inclusive dance attiv5ties improve a range of ski115 such as comimuiiltation, movpmenl and co-ordinatSon and contributo to increased confidence, self-esteem and improve liealth and well-belng. Thp impact on Indlviduals is monltored through a variely of means. The charity's work a150 benefits the fainllle5 and carers of participants by improving the quality of life and wellbeing of the particlpant5 Ihrou8h the provi51on of meaningful and high-qiialily actlvitSes on a sustained basls, Page 6 Magpie Dance Trustees, Report Magple Dance's work Is also of benefit to the general piiblic. both through the Training strand of our work (enabling tliose working with people wSth learning disabilitles to improve their skills and effèctivene551, and through our public performances raisin8 the profile of people with learnlng disabilities and chcimpioning a fairer socioty. There is an indirect benefit to the public, health and social soctors in general through the direct benofit provided to the participaiits and thelr families. Maypie Dance exercises a policy of equal arid falr access. Whlle the cost of delivering our hlgh-qualSty Incluslve programmes necessil'ates tho charglmg of fees, our policy ensures tliat no 01)e is turned away. Magyi@ Dance is coinmitted to providing a working eiivlronment in which all individuals are treated witl) dignity and respect. The cl)arity operates a rigorous Equality and Diversity Policy and does Trot tolerate discrimination of any form. Our commitment to our Environmental Pollcy was recognlsed at the. beginning of thls calendar year (Jan 251 as we were awarded as winners of the One Dance UK 'CJreen Dance Award, which is an accolade to all the hcird work we do, and continuo to do, a5 we endeavour to reduce our carbon footprint across our working methods and programmes of attivily. Magple Dance's robust policies, governance and fram@work ensijre that our charitable objer.tives can be fulfilled. A5 a charily working wlth children and vulnerable adults, our duty of care 15 absolutely central to our activity and our rlsk mlniinlsation is core to our work. The Trust@es of Magple Dance have taken account of the Charity Commission's guidance on public benefit when making decisions and throughout the annual plannlng cycle. "Our Staff and trustees are (ylways led by the question "what will be the best thing for our portlclpnntsP" The dancers, cominittee allows us to get the answer directly from porticipnnts and receive new ideos which we would never have tl?ought of ourselves" chris WScks, Magple Dance Co-chalr Ensuilng MaEple Dance's work delivers our alms The board reviews Magple Dance's aims, objectives and activitles each year. The reviow looks at our achlevement and Ihe outcomes of our work In the previous 12 months agalnst our plan. It monStors the success of each key activity against KPIS and the benefits and Impact it lia5 brought to our partlClPl¢ nts. Thls review helps the board ensure that Magpie Dance's aims, objectives and activities remained focused 01) our charitable objL3cts. In particular, the Trustees consider how plannpd activities will contribute lo tho alms and ol)loctlves set in tl)e business plan and governing documents, and the Charil'y's financial sustainability in the coming year, About Magple Dance's future The past seven years have brought about 5igniflcant structural, artistlc and strategic change, To support this t'ransition process, MagpSe Dance's Busine55 Plan provides a clear set of strategic priorities driving Magpie Dance's work and ambitions. This includes a four-year Artistic Development P131) IADPI with four annual themes running i< loiigside the business plan, Tlie hu5iness plan focuses on stabilising our Core offer of dance 5esslons to particlpants, biiilding a 5UStainable, long-term fundraising and income geiieration strategy. extendlng formal parl'nerships atros5 tho arts and social sectors and biiildlng credible professional and artistic progression pathways for parlicipanl's. With 3 years Ihaving lust completed 2 yearsl with NPO status, we feel that we are in a good position fina ncially aiid artistically. PaEe 7 Magpie Dance Trustees, Report ACHIEVEMENTS, PERFORMANCE AND IMPACT The Board contlnues to measure Magple Dance's performance In achieving its aims and object'ives, althougli It will be appreciated that the benefits of Magpie Dance's work are also intangible and inlApable of precise measurement. The long-term benefits of attendlng OLJr programmes are best rommunicated througli the responses of tl)ose who attend. We asl(ed participants and their parents/c8rers liow comlng to Magpie Daiice makes them feel and tlieir main reasons for attending oiir sessions. The results were.. Developed new skills................,.... Improved commLJnicating with other people Physlcal health / fitness has improved Improvement in mental health / overall wellheinE More conf"ident........................... Developed soc131 Snteractloiis / friendships ..83% ..91% ..96% ..96 % ..96 Yo Monitoring of eacli parllcipant Is undertakeii by our facilitators clt the end of each sessioi), leading I'o in-depth whole term as5essment5. This monitoi'ing is done through captiiring quantitative and qualitative informatlon measured aBain5t tho outconies in our Quality Framework. Over the previous twelve Inont115 of monitoririg data, we have observed.. 99% consistent achiovement, 58°A considerable improvement with Increased coordination, technical and creative skills 980A consistent achievement, 60Y. considerable Improvement with Improved communication, collaboration and cooperation 97°A consistent achievement, 46% considerable improvement with improved physical health and Inental wellbeing 980/ con515tent achievement, 64Yo considerable improvement with increased confidence and self-esteem 980/0 consistent achievement, 600/0 coiisideiable Improvement with Improved social interactions with peers and reduced social isolation 99% consistent achievement, 55% considerable improvement wlth increased leadership s1(i11s includSnE Improved choreographic skills "My brotlier hos been a member of 114ugpie Dance for years. It has helped him to thrive us ui? artistic, fit ond confident individual. Mugple hus been a huge part of my brother'5 life, ond I hope that it con continue to bring joy to many more individuols und theirfamilies." Magpie Dance F3mlly Member I t71woys like It when we make work, Magpie st(Jlf let me be who l am. Wlth other componies I don't get to do tlpot" Magpie Dance Participant Page 8 Magpie Dance Trustees, Report FINANCIAL REVIEW At the end of tl)e reporting period the Trustees report a defirlt on unrestricted funds of £75,94012024'. surplus of £102,139), with cumulatlve unrestricted funds now £337,19312024'. É413,1331. Prlnclpal fundlnE sourcès Magpie Dance's princlpal funding comes from grants from statutory bodies, trusts, foundations, and other grant making organisations. This year marked Magpie Dance's second as an Arts Council Englai)d 'Natlonal Portfolio Organisation,. This core fundlng of £150,000 per year wlll rise to £152,415 for the 25/26 financlal year, and has boen coi)firmed through to the end of March 2027. An addltional year's extenslon fundlng through to Marcl) 2028 is currentlv under discussioii by Arts Council England and DCMS. We were also Immensely grateful for the continued support of the National Lottery Community Fund thls flnancial year. We would like to thank all of our supporters for thelr terriflc contrlbution to our work, Reserves Pollty It will be appreciated that the charity's 50urcos of Income are not assured. The Charity therefore endeavours to retain reserves at a level tliat will onable it to continue to Support those for whom it provides programmes while remaining prudont and responsive to the finaiicial climate, The Trustees have therefore decSded to hold a minimum of six months reserves. Th15 is so as to permit an orderly winding-up over a six-month perlod should t'ho Trustee5 conclude at any time that the charlty is no longer able to Continue as a going concern. At 31 March 2025, the level of reserves wa5 £337,193 of unrestricted funds equating to approximately nine months operating expenses. It Is the opinlon of the Trustees that this level of reserves is both prudei)l and iiecessary given tlie nature of the charity's objoctives and Its activitles. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng Document The organisiltion Is a cliaritable company limited by guarantee as defined by the Companies Act 1985. It Is governed by Artlc.les of Association which were adopted by Speci21 Resolution on 8 February 2012 and further dniended by Si)Ècial Resolution on 15 November 2012. The charity was originally Sncorporated on 16 December 1996. The Board operates through a serles of sul)-committees that focu5 on key responsibllitles such as,. flnance and marketlng and fundi"ai5ing and Task & Finish groups to oversee tl)e lifecycle of l(ey strategic projects. Page 9 Magple Dance Trustees, Repoit Organlsatlonal Structure Board of Trustees Trustee5 and offlcÈrs The trustees and officers serving diiring the year and since the year end were as follows,. Trustees: Jade Bassett Aaron Francis Megan Elinor Gardiner Jesslca Lynch-Blosse Allisha Oguninefun Anaish Yllma-Parmar Eamonn Prendergast Christopher Wicks Margaret Wilken Sinlth (resigned 24 September 20241 Michaela Moores (appointed 5 DecLimber 20241 Anjie Enabor lappointed 16 December 20241 Faye Harrlson (appointed 15 August 20241 Secretary.. Michaela Moores lappolnted S December 20241 Members of the Board of Trustees The Board is comprI5ed of the members of the charity, All members of the charity are directors (Ind only MÈmlJers are eligible to become directors, Members of the Board are accordlngly directors for the purposes of coinpany law and trustees for the purposes of charity law. Board members who served during the year and up to the date of ilils report are Set out In the Reference and Administratlve Details sectSon at the start of this repowt. At the @nd of the reporting perlod there were eleven Trustees led by two Co-chairs. There are four board meetings a year, plus an away day. they meet additionally Sf necessary15uch as within their Task and Finish Groups/rommitleesl. Trustee recruitmeiit is managed by the Skills Audit and Truste@ RecruStment Committee. Vacancies are advertised as widely a5 possible (within financial limitations) to oncour3ge a diverse pool of applicant5. Progpectlve trustees may also be identified through word of mouth or pei'sonal contacts. Prospectlve candidates are invited to a formal Interview wlth a recruitment panel typically made out of thrLJe trustees. They are then invited to meet tlie Executive Director, the Ai'tistic Director and two member5 of tlie Dancers, Cominittee. The candidate is then Snvited to attend a MaL'pie Dance session and obsewe a Board meeting before a formal appoiiitinent is made. All Trustees are providpd with an Induction pack containing document5 to assisl them in fulfilling their role and paired wllh a buddy to answer question and sUPPOI't them in the onboarding process. Mir gpie Dancial statemenl's comply with the Companies Att 2006. They are also responsible for safeguarding the asset5 of the charitable company and hence for tal(ing reasonable st@ps for tlie prevention and detectlon of fraud and otl)er irregLilarities. The trustees are responsible for the mainteiiance and integrity of the corporate and financial infoi'matlon included on the charitable company's wek)site. Legislation governing the preparation and dissemination of linancial stateinents may differ from legislation in other jijrisdictions. The annual report was approved by the trustees of the charity on /.5 !!o/<: and slgned on ils bel)alf by.. Jade Bassett Cliair and trustee Christopher Wicks Chalr and trustee PaBe l? Magpie Dance Independent EKaminer's Report to the trustees of Magple Dance {'the Companv,) I report to tl)e charity ti'iistees Iwho are also Directors for the purpose of company lawl on my examination of the accounts OF the M¢igpie Dance I'the cl)aritable company'l for the year ended 31 March 2025 which comprlse the Stalemenl of Financlal Activities, the Balance Sheet and related notes. (pages 15 to 321 Thls report is made sololy to the charlty's trustees, as a bDdy, Sn accordance wlth section 145 of the CharitSes Act 2011. My work has been undertaken so that I mlght State to the charity's trLfStees those matl'ers l am reqL*lred to State to them in thSs report and for no other purpose. 'fo the fullest extent permitted by law, I do not accept oi. assiime responslbililv to anyorie other than the charity ènd the charity's trustees as a body, for my work, for this report, or for the opinioi)s I have formed. Respon51bllittes and basls of report As the charity's trustee5 of Magple Dance you are responsil)le for the preparatSon of the accounts In accordance with the requirements of the Companles Act 20061'the 2006 Act'l. Having satisfipd myself that the accounts of Magpie DanLe are not requii'Èd to be audlted under Part 16 of the 2006 ACL. and are eliglble for Independent examinatlon, I report In respect of my examinatlon of your charity'5 accoijnts a5 carried out under section 145 of thf Charities Act 2011 I'the 2011 Act'l. In carrying out my exJminatlon I have followed the Directioiis given by the Charity Commi55ioiI under sectlon 14515llbl ol the 2011 Act. An independent exèmination does not Involve gathering all the evidence that would be iequSred in ali audit and consequently does not cover all the matters that an auditor conslders In giving theii- opinion on the flnancial statements. The planning and conduct of an audlt goes beyond the limited assurance that an Independent examination can provide. Consequently l express no opinion a5 to whether the financial 5tatemeiits present a 'true and fair, view and my report is limited to those specific matters set out in the independent examiner's statement. Independent examlner's statement Since Magple Dance's gross income exceeded £250,000 your examlner must be a member of a body listed in section 145 of the 2011 Act.. I confirm that l am quallfled to undertake the examinatlon because l am o member of ICAEW, which is one of the listed bodles. have completed my examination. I confirm that no matters have come to my attention in connection with the examlnation givlng me cause to believe.. l. accounting records were not kept in respect of Magple Dance as required by sectlon 386 of the 2006 Act,. or 2. the accouiits do not accord with those record5,' or 3. the account5 do not comply with the accounting requirements of section 396 of the 2006 Act oilier than any requirement that the (>ccounts give a 'true and fair vlpw, which is not a matter corisldered as part of an indepondent examlnatlon; or 4. the accounts liave not beei) prepared in accordance with the method5 and prlnciples of the Statement of Recommended Practice for accounting and reporting by charlties appllcable to charltles preparing thelr accotAnts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Pa￿￿ 13 Magpie Dance Independent Examiner's Report to the trustees of Magpie Dance ('the Cornpany,) I have no Comcerns and have coime across no other matters In connection with the examination to wl)ich attentlon should be drawn in this report in order to enable a proper understanding uf the accounts to be reached, Tim Sullivan rield Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB Page 14 (n *t o) Lri ui oi a) > Oi o th ¢0 rx) ¢Tr $1 1111111111 I tsi O ￿ t4 o o) (y) rn (n Ln Lt) ** Magple Dance (Registration number; 03292609) Balance Sheet as at 31 March 2025 2025 2024 Note Flxed assets Tanglble assets 12 2,075 4,402 Current assets Debtors 13 3,959 357,829 6,909 437,758 Cash at bank and in liand 14 361,788 444,667 Credltors: Amounts falling due wlthln one year 15 14,6701 15,1031 Net current assets 357,118 439,564 Net assets 359,193 443,966 Funds of the charity: Restrlcted Income funds Restricted funds 17 22,000 30,833 Unrestrlcted Income funds UnrestrScted funds 17 337,193 413, 133 Total funds 17 359,193 443,966 For tlie financial year ending 31 March 2025 the charSty was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, re5iionsibilities.. The members have not required the charity to obtain an audit of it5 accounts for the year in question in accordance with sectlon 476,. and The directors acl(nowledge thelr re5poiisibilitles for complying with the requirements of the Act with respect to accounting records and tho preparation of accounts. The note5 on pages 19 to 32 form an Integral part of these financlal stalenients. Page 16 Magpie Dance (Registration number: 03292609) Balance Sheet as at 31 March 2025 The f .21è).ricial Statements on page5 15 to 32 were approved by the trustees, and autliorlsed for issue on ?A4nd signed on thelr behalf by: Jade Bassett Clialr and trustee Clirlstopher Wicks Chair and trustee Tlie notes on pages 19 to 32 form an inteEral part of these flnanclal statements. Page 17 Magple Dance Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from operatlng actlvitles Net cash lexpenditiirel/income 184,7731 75,931 Adjustment5 to cash flows from non-cash Items Deprociation Investment income 2,796 {11,1861 193,1631 2,703 19,6461 68,988 Worklng capltal adlustments Decrease In debtors 13 2,950 14331 3,057 15251 13,1721 Decrease In creditors Decrease in deferred income 15 Net cash flows from operating actlvitles 190,6461 68,348 Cash flows from Investlng activltles Interest receivable and similar income Pui'chase of tangible fixed assets 11,186 14691 9,646 11,6451 12 Net cash flows from investing activities 10,717 8,001 Net Idecreasel/increase in cash and cash equivalent5 179,9291 76,349 Cash and cash equlvalents at l April 437,-158 361,409 Cash and cash equivalents at 31 March 357.829 437,758 All of the cash flows are derived from contlnuing operations during the above two periods. The iiotes on pages 19 to 32 form an Integral part of tliese flnanclal 5tateinents. Page 18 Magpie Dance Notes to the Flnancial Statements for the Year Ended 31 March 2025 I Charlty status The charlty is1Smited by guarantee, incorporated In Englaiid & Wales, and consequently doe5 not have share capital. Each of the trustees is Ilable to contribiite an amount i)ot exceedSng El towards tl)e assets of the charity in the event of liquldation. The address of it5 registered office Is: CIO Churchill Theatre High Street Bromley BRI IHA 2 AccountlnE pollcles Summary of slgnlflcant accountlng pollcles and key accountlng estlmates The princip21 accounting policies applied in the prepai'ation of these finEincial statement5 are set out below, These policies have been con51Stently applied to all the years presented, unless otherwise stated. Statement of compliance Tlie flnancial statement5 have been prephred In accordance with Accour)ting and Reporting by Charities,. Statement of Recommended Practlce applicable to charities preparing their accounts in accordance wlth the Financlal Reporting Standard applicable the UK and Republic of Ireland IFRS 1021 leffoctive l January 20191 (Charities SORP IFRS 1021 Second edition October 20191, the Financial Reporting Standard 1¢ pplicable in the UK and Rei)ublic of Ireland IfRS 1021. They ¢1150 comply with the Companies Act 2006 and Charities Act 2011, Basls of prepayation Magpie Dance meets tlie definitlon of a public benefit entlty under FRS 102. Assets and15ahilities are inltSally recognised at hlstorical cost or transaction value unless othei'wise stated in the relevant accounting policy notes. Golng concern The ti'iistee5 consider that tliere are no materlal uncertalntles about the charity's ability to contlnue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charStv. Page 19 Magple Dance Notes to the Financial Statements for the Year Ended 31 March 2025 Judgements and key source5 of e5tlmation uncertaintv In the application of the charity'5 accounting policies, the trustees Iwlio aro a150 dire.ctors1 are required to make judgements, estlmates and assumptlons about the carrying amoiint of assets and liabilities that are not readlly apparent from other 50urcL%s. Tlie estlmates and associatpd a£sumptions are based on Iiistorical experience and other factors that are consldpred to be rolevant. Actual res(Jlts may differ from thÈse estimate5. The e5tlmates and underlying a55umptlons are reviewed on an ongoing basls. Rev15ions to accounting estimate5 are recognised in the periods in which the estimate is revised where revisions affect 01)ly that perlod, or in the period of the revision and future perlods where the revisions affect both current and future periods. Income and endowments All income is recognised once the charity has entitlement to the Sncome, it Is probable that the income will be received and Ihe amount of the income receivable can be measured rellably. Donatlons und legocle5 Donations are recognised when the charity lias been notlfied in writing of both the amount and settlemont d3te. In the event that a donatlon is sublect to condltion5 that requlre a level ol performance by the charity before the charity is Èntitled to the funds, the income is deferred and not recognised untS1 eitlier th05e conditions are fLilly met, or the fullilment of those conditions is wholly within the control of the charity and it is probable that these conditlons will be fulfilled in the reporting perlod. Grunts recelvable Grants are recognlsed when the charity has an entitlemont to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the incomp15 recognised as a liability and included on the balance sheet as deferred income to be released. Donated seyvlces undfoclllties Where servlces or facllltle5 are provided to the charity as a donatlon that would normally be purchased from suppliers, th55 benefit 15 Included in the financial statements at its fair value unless its falr value cannot be reliably measured, then at the cost to the donor or the resale value of goods that are to be 501d. Investment Income Dividends are recognlsed once tlie dlvldend has been declared and notificatlon has been recelved of the dividend due. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expendlture. it is probable settloment Is required and the amount can be measured reliably. All costs are allocatod to tl)e applicable expenditure heading ih¥lt aggregate simSlar costs to that rategory. Where costs cannot be directly attributed to partlcular headings they have been allocclted on a basis consistent with the uso of resourcos, witli central staff cost5 allotated on tho. basis of time spent, and depreciation chcirges allocated on the portion ()f the asset's use, Other support costs are allocated based on the spread of staff costs. Page 20 Magpie Dance Notes to the Financlal Statements for the Year Ended 31 March 2025 Roislnglunds These are costs incurred In attracting voliintary Incoine, the Inanagpment of investments and those incurred I trading activitiès that raise funds, Charltoble actlvities Charltable expenditure comprises those costs incurred by the charity in the delivery of Its activitles and services for its benefitiaries. It incliidos both costs that can be allocated directly to such activltSes and those costs of an Sndirect nature necessary to support them, Support costs Sijpport costs include central functions and have been allorated to activity cost catÈgorle5 on a basis consistent witl) the use of resources, for example, allocating property Costs by floor area5, or per eapita, staff costs by the tlme spent and other costs by their usage. TaKatlon The charily is considered to pass the tesls set out in Paragraph I Sche(lule 6 of the Flnanco Act 2010 and therefore It mp.ets thè definition of a charitable company for UK corporation tax purposes. ALcordiiigly, the charity IS Potentially exempt from taxation Sn respect of incoine or capital gains received withln categories covered by Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Acl 1992, to the extent that such intome or galns are applied exclusively to charitable purposes. Tangible fixed a55ets Individual fixed assets COStin8 £500.00 or Inore are initially recorded at cost, less any subsequent accumulated depreciation ancl subsequent accumulated iinpaSrment losses. Depreclatlon and amortlsatlon Depreciation is provided on tanglble fixed a55ets so as to wrlte off the cost or valuation, less any estimated residual value, over tlielr expected ￿seful economic Ilfe as follows,. Asset class Furniture, fittirigs, too15 and equipment Depreclatlon method and rate stralght line 200 Research and development Research and developnient expenditure is written off as incurred. Trade debtors Ti'ade debtors are amount5 due from customers for merchandise sold or services pe¥formed in the ordinary course of bu51ness. Trade debtors are recoynlsed Initially at the trc7nsactlon price. They are Subsequently measured at amortised C05t Using the effectlve Interest method, less provision for Smpalrment. A prov151on for the Impalrment of trade (lebtors is established when there is objective evidence thiÉ t the charity will not be able to r.ollect all amounts due accordii)g to the original terms of the receivables. PaEe 21 Magple Dance Notes to the Financial Statements for the Year Ended 31 Maych 2025 Cash and cash equlvalents Cash and casli equivalents comprise cash on hand and call deposlts, and other short-tei'm highly liquld Invostments that are readily convertible to a known amount of cash and are subject to Bll inslgnificant risk Df change in value. Trade credltors Trade creditors are obligations to pay for goods or services that have heen acquired in the ordinary course of business from suppliers. Accounts payahle are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve Month5 after the reporting date. If there is an unconditional rlght to defer settlement for at least twelve month5 after the reporting date, they ai'o presented as non-current liabilities. Trade creditors ale recognised initially at the transactlon prlce and subsequently measured at amortisÈd c05t uslng the effectlve interest method. Fund structure UnrestriLted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectSve5 of the charity. Designated funds are unrestrlcted fund$ Set aslde for specific piirpose5 at the discretlon of the trustees. Restricted income fund5 are those. donated for use In a particular area or for specific PLirposes, the use of which is restricted to that area or purpose. Pen51ons and other post retlrement obligations The charlty operates a defined contributlon pension scheme wliich is a pension plan under which fixed contributlon5 are pald into a pension fund and the charity has no legal or constructivo obligatlon to pay further contributions even if the fund does not hold sufficient a55ets to pay all employees the benefits relating to employee serviLe in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Flnancial Activities when thev are due. If contribiition payments exceed the contriL)utlon due for service, the excess Is recogni5ed as a prepayment. Page 22 Magpie Dance Notes to the Flnanclal Statements for the Year Ended 31 March 2025 3 Income from donations and legacies Unrestricted General Restrlcted Total 2025 Total 2024 DonatSons and lebyacies,, Appeals and donations Grants, including capital grant5,' Arts Councll 38,168 38,168 50,853 150,000 150,000 173,141 10,000 5,000 20,107 BBC Children in Need Grants - other agp.ncies Community Links Bromley Greater London AuthorSty Sir Jules 1.5,750 15,750 3,000 10,000 3,000 Backstage Trust Garfield Weston 10,000 10,000 10,000 5,000 1,710 5,000 1,500 6,000 28,000 Three Monkies Trust Thp Boshier Hinton foundatlon The Grocers, cliarity London Catalyst The Gosling Foundation Vogue World Fund Loiidon Youth Tlie D'oyly Carte Charitable Trust The National Lottery - Awards for 5,000 5,000 12,682 4,420 2,000 4,420 2,000 9,730 9,730 1,800 Jack Petchey foundation City of London The Natlonal Lottery Donated services and facllitle5 1,800 11,360 33,335 65,000 9,926 55,000 55,000 1,270 1,270 56,920 251,900 308,820 445,932 Page 23 Magpie Dance Notes to the Financial Statements for the Year Ended 31 March 2025 4 Income from charltable activities Unrestrlctod funds General Total 2025 Total 2024 Adult Communlty Class Mlnis, Junlors & Youth Adults Choreographer5 Tralnlng and Outreach Adiilt Tecl)nique Other 10,075 9,740 3,500 14,954 3,350 340 10,075 9,740 3,500 14,954 3,350 340 11,145 12,425 3,650 29,455 3,090 1,026 11,500 3,300 Dancer Development Conti'actual income 11,990 10,000 11,990 io,ooo 63,949 63,949 75,591 5 Investment Income Unrestrlcted funds General Total 2025 Total 2024 Interest receivable and 51milar income,, Interest recelvable on bank deposits 11,186 11,186 9,646 Page 24 fvlagpie Dance Notes to the Flnanclal Statements for the Year Ended 31 March 2025 6 Expendlture on raising funds a) Cost5 of generatlng donatlons and legacles Total 2025 Total 2024 Fundrai5Ing costs 36,925 38,750 7 Expenditure on charltable activltles Total 2025 Total 2024 Note Adult Communlty Class Min15, Juniors & Youth Adults Choreograpliers Traiiiing and Outreach Adult Technique Dancer Development Support costs 15,235 65,415 30,511 34,784 11,015 30,855 243,988 14,635 58,636 30,227 35,996 10,734 27,994 238,266 431,803 416,488 Page 25 Magpie Dance Notes to the Financial Statements for the Year Ended 31 March 2025 8 Analysi5 of governance and sUPPO¥t Costs Support Costs Total 2025 Total 2024 Staff costs Wage5 and Salaries Social securily costs Pension costs 13J,411 8,577 4,061 2,796 2,060 7,970 1,186 12,527 1,509 1,026 4,330 554 143,989 8,870 4,312 2,703 2,537 Depreclation, amortisation and othpr similar costs BookkeepSiig and adminlstration RecruitrY)ent Stafl trainlng Rent 1,008 7,940 1,576 1,042 4,288 313 Insuraiice Telephone and fax Computer software and maintenance Printing, postage and stationery Trade siibscrlptions Sundrles 4,495 4,854 933 2,566 6,026 688 Meetlng fee5 Travel and subslstence AdvertSslng Independent examiner Project manager Bank charges Cost of trustee meetlngs 483 555 7,550 3,696 39,032 79 9,358 4,578 33.731 70 859 2,116 243,988 238,266 Pago 26 Magpie Dance Notes to the Financial Statements for the Year Ended 31 March 2025 9 Trustees remuneration and expenses Durlng tl)e year the charity made the fDllowing transactlon5 Wlth trListees'. Jesslca Lynch-B105se £Nil12024- £91 of expenses weie relmbur5ed to Jessica Lynch-Blosse duriiig the yÈar. Tlie expense5 relmbursod were for travel costs incurred. Margaret Wilken Smlth £Nil12024.' £481 of expenses were reimbursed to Margaret Wilken Smith during the year. The expenses reimbursed were for trainlng costs incurred. No trustees, i)or any persons connectod with tliem, have recelved any remuneratlon from the charity durlng the year. No trustee5 have received any other beneflts froin the charlty during the year. 10 Staff costs The aggregate payroll costs were a5 follows.. 2025 2024 Staff costs durlng the year were: Wages ai7d Salaries Social securlty costs Penslon costs 135,411 8,577 4,061 143,989 8,870 4,312 148,049 157,171 The monthly average number of persons lincluding senior management / leadership team) employed by the charlty during the year expressed as full time equivalents was a5 follows.. 2025 No 2024 Charltable activilies No employee received eimolumeiits of more tl)an £60,000 during the year. 11 Taxatlon The charlty is a registered charity and is therefore exempt froim taxatS0n. Page 27 Magpie Dance Notes to the Financlal Statements for the Year Ended 31 March 2025 12 Tangible fixed a5setS Furnltui'e and equipment Total Cost At l April 2024 Additions 13,510 469 13,510 469 At 31 March 2025 13,979 13,979 Depreclation At l April 2024 Cliai'ge for the year 9, 108 2,796 9,108 2,796 At 31 March 2025 11,904 11,904 Net book value At 31 March 2025 2,075 2,075 At 31 March 2024 4,402 4,402 13 Debtors 2025 2024 Trade debtors 635 3,324 2,705 4,204 Prepayments 3,959 6,909 14 Cash and cash equlvalents 2025 2024 Cash at bank 357,829 437,758 Page 28 Magpie Dance Notes to the Flnancial Statements for the Year Ended 31 March 2025 15 Creditors: amounts falllng due wlthln one year 2025 2024 Accruals 4,670 5,103 16 Penslon and other schemes Defined contrlbution penslon scheme The charity operates a defined contribution penslon scheme. The pension cost charge for the year represents contrlbLtrtions payable by the charity to the scheme and amounted to £4,06112024 - £4,312). 17 Funds Balance at I April 2024 Incomlng resources Resource5 expended Balance at 31 March 2025 Unrestricted Genernl General Funds 263,133 132,055 1207,9951 187,193 Deslgnuted Designated Funds 150,000 150,000 Total unrestrlcted 413,133 132,055 1207,9951 337,193 Restrlcted Blg Lottery GLA - Young Londoners FLind Three Monkles Trust Clty Bridge Trust National Lottery - Awards for All Arts Council - NPO Backstage Trust London Youth The D'oyly Carte Charitable Trust 15,000 158,0001 115,7501 12,000 15,750 5,000 5,000 8,333 18,3331 19,7301 1152,5001 iio,0001 14,4201 12,0001 9,730 150,000 10,000 4,420 7,500 5,000 30,833 251,900 1260,7331 22,000 Total funds 443,966 383,955 1468,7281 359.193 Pa8e 29 Magpie Dance Notes to the Financial Statements for the Year Ended 31 March 2025 Balance at I Aprll 2023 Incomlng resources Resources expended Balance at 31 March 2024 Unrestrlcted Generul General Funds 160,994 178,316 176,1771 263,133 Designuted Designated Funds 150,000 150,000 Total unre5trlcted 310,994 178,316 176,1771 413,133 Restrlcted Big Lotterv Capital Group The Boshier Hinton Foiindation The Grocers, Charitv Other funds 11,839 3,000 65,000 161,8391 13,0001 11,7101 15,000} 15,0001 (6,0001 iio,0001 15,0001 120,1071 {25,0021 116,0001 15,000 1,710 5,000 5,000 6,000 10,000 The Gosling Foundation Garfield Weston Three Monkies Trust Community Llnk5 City Bridge Trust Mercers 20,107 33,335 8,333 16,000 Jack Petchey Fund internshlp programme Arts Council - NPO Backstage Triist BBC Children in Need 12,426 8,560 150,000 10,00 10,000 23,141 120,9861 1142,5001 iio,0001 iio,0001 136,9171 7,500 Arts Councll Borrowed Land 13,776 57,041 352,853 1379.0611 30,833 Total funds 3613,035 531,169 1455,2381 443,966 Page 30 Magpie Dance Notes to the Flnanclal Statements for the Year Ended 31 March 2025 Big Lotteiy - for 'Thrivino through dance, project. GLA - Young Londoners Fund funding towards core cost5 and programme5 from the Gol London Fund. National Lottery- Awards for All funding towai'ds the 'Adult Holiday, project. London Youth - funding the NCS project. The D'oyly Carle Charitable Trust . fuiiding towards a new multi-sen50ry weekly dance class for 3 to 15 year olds with learnlng dlsaksilitlQ5, The Gosling Foundatlon - funding toward5 supporting 50 young people to take part In weekly Magpie Junior classes for 8 to 15 year olds with learning disabilities. Jac1( Petchey - part-funding of salary cost5 fro one year to support a full time intern. Capital Group - fundSng the development of a digltal traininB and dellvery model for accessible dance, The 8oshier Hlnton Foundation disabllities. funding for physical and creatlve actlvities for people with l@arnSng Tlie Grocers, charity - funding to support a 12-month i)rogramme devised wlth children and young people with learning disabllilies using dance as a vehicle for change to connect them with important themes and issiies that have an Smpatt on thelr Ilves. Other funds - towards open access community dance cla55es in 23124. Garfield Weston - towards core costs and programmes. Three Monkles Trust - towards the 'Our People, project. Commui)ity Llnks - fiinding the 'Accesslble Dance lor All, project, City Bridge Trust - towards tlie costs of the Youth, Community and Adult dance activities fro people with learning disabi1Sties in London. Mercers to support the development of a new family and peer support prograimme for people with learning disabilities. Arts Council INPO and IPSOI - towards costs associated with the 'NPO and IPSO, art15tlc programme. A¥ts Councll (Borrowed Landl towards costs a550ciated with the 'Elorrowed Lai)d' artistic programme. Backstage Trust - to support the artistic programme for adults with learnii)g disabilities In Bromley and tlie SoLlth East. BBC Chlldren in Neod towards the 'Lead Facllllator, salarles and actlvity Costs. Page 31 Magpie Dance Notes to the Financial Statements for the Year Ended 31 March 2025 18 Analysis of net assets between fund5 Total funds at 31 March 2025 Unrestricted funds General Deslgnated Restrlcted funds Tangible flxed assets Curront assets Currenl. liabilities 2,075 189,788 14,6701 2,075 361,788 14,6101 Iso,000 22,000 Tolal net assets 187,193 150,000 22,000 359,193 Total funds at 31 March 2024 Unrestricted funds General Designated Restrlcted funds Tangible fixed assets Current assets 4,402 263,834 15,1031 4,402 444,667 15,1031 150.000 30,833 Current liabilities Total net assets 263,133 150,000 30,833 443,966 19 Related party transactlons There were no related party transactions in the year. Page 32