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2025-03-31-accounts

South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

South East Dance

Trustees’ Report and Financial Statements For the year ended 31[st] March 2025

Our vision is a world where everybody is inspired to enjoy, take part in and create bold, brave, pioneering dance.

Our mission is to transform lives through dance. Dance that brings people together, dance that helps us make sense of the world we live in, dance that makes a difference.

Registered Company & Charity Name: South East Dance Limited

Registered Company no: 03434501 Charity no: 1064900

Registered Office: The Dance Space, 2 Market Square, Circus Street, Brighton BN2 9AS

Please contact sedaccounts@southeastdance.org.uk

to receive a copy of our annual report in large format

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South East Dance Limited

Report of the Trustees for the year ended 31[st] March 2025

Contents

1 Reference and administrative information p3
2 Our programme 2024-25 p5
3 Principal risks and uncertainties in relation to future plans p8
4 Organisational and operational outcomes p8
5 Structure, governance and management p11
6 Financial review p14
7 Thanks p16
8 Financial statements and reports p17
9 Independent Examiner report p18

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

1 Reference and administrative information

Registered Company & Charity Name: South East Dance Limited

Registered Company no: 03434501 Charity no: 1064900

Registered Office and operational address: The Dance Space, 2 Market Square, Circus Street, Brighton, BN2 9AS

Trading Subsidiary Company Name: South East Dance Trading Limited

Registered Company no: 11674921

On 13[th] November 2018, South East Dance set up a wholly owned trading subsidiary, South East Dance Trading Limited. The trading subsidiary was dormant for the period to 31[st] March 2025.

Trustees:

Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Name Date Elected Retirement Date
(if during 2024/25 and up to
the date of signing the
accounts in October 2025)
Amanda Sangster 19.06.25
Anna Christoforou 04.12.18
Isabel Mortimer 04.10.16 09.10.24
Lily Norton 06.10.22
Louise Zandstra 06.10.22
Maureen Salmon (Chair) 06.10.22
SallyDomingo-Jones 19.06.25
Sian Thomas 22.01.15
Subathra Subramaniam 06.10.22
Vanessa Lefrancois 06.10.22
Vicky Sword Daniels 06.10.22

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

Key management personnel Cath James Artistic Director Rachel Gibson Executive Director Bankers Metro Bank, 82 North Street, Brighton BN1 1ZA CAF Charity Deposit Platform, provided by Flagstone : 1st Floor, Clareville House, 26-27 Oxendon Street, London, SW1Y 4EL Solicitors Harbottle & Lewis, 7 Savoy Court, London, WC2R 0EX Independent Examiner Sayer Vincent LLP, Chartered Accountants and Statutory Auditors, 110 Golden Lane, London EC1Y 0TG

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

2 Our programme 2024-25

In line with the current operational plan, in 2024-25 our artistic activities were clustered within four programme areas, which seek to effectively communicate our offer and how our constituents might engage with South East Dance: Supporting Artists, Community and Participation, Presenting bold new work, and Advocacy and Leadership.

During 2024-25 we provided free and discounted studio space worth £37,700 to artists and partner organisations. We also supported 259 artists with advice or residencies. We commissioned ten artists to make new work. We paid freelance artists a total of £67,000 to deliver a wide range of performances and classes and paid commissions. We held regular post-class informal coffee chats, as part of our artist support programming, networking opportunities that also allow us to gently consult with artists. We continue to work with our Community Steering group to help inform our community programme and to ensure that the work we do continues to be relevant. Through these, and via our regular Artist Support sessions, we continue to acknowledge a need for more residency space, more financial support via commissioning and seed funding for artists, as well as continuing professional development for artists in order to support them to develop their practice.

CASE STUDIES

Case Study 1: HATCH

We presented our first HATCH Scratch night at The Dance Space in July 2024. We did a call out to south east based dance artists, at any stage of their career, to test early ideas for performance work with a live audience; and to engage in facilitated feedback with audiences.

We presented work by four local makers, at various stages of creation, including:

Camille Cooper (early career artist) presented a version of

her work Portraits of Perversity with six ex-mapdance (University of Chichester MA performance company) performers

Jennifer Irons (mid-career artist) presented scratch sections of her new work Bad Immigrant , which was to be premiered later in the year at Worthing Theatres (also supported by South East Dance)

Will Timpson (early career artist) presented early sections of a new (unnamed) work about his early life growing up, which had strong commercial/hip hop influence

Anna Des Clayes (early-mid career artist) presented an outdoor, community performed, improvised and interactive performance that explored how the area around The Dance Space can be re-purposed, re-imaged and transformed through playful exploration.

The event was well attended, attracted curious and engaged audiences from a real cross section of the community (including the dance sector as well as family and friends).

The feedback was vital for artists and continued informally as artists and audiences met in a local venue after the event.

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

Case Study 2: Residencies and Production Weeks

The Dance Space was busy throughout the year, with residencies for works at various stages of their creation, as well as production weeks. Residencies included regional, national and international artists such as Jean Abreu (UK), Naishi Wang (Canada), Joao Paulo Lima (Brazil), Liam Francis (UK), Annie Edwards (UK), Iole La Sala (UK/Italy), Dance Makers Collective (AUS), Lucy Clark (UK), Sahar Damoni (Palestine), Elisa Sbaragli (Italy) and Zoe Demoustier (Belgium).

We are an ideal space for companies to test their production elements, including lights, sound and projections and artists are well supported from both a production and producing aspect. Companies test and share their work with us and then go on to premiere at larger theatre spaces. We hosted a broad range of companies and artists across the year, who have brought their works to life in the Jamie Watton Creation Space, supported by our team in the building, including: Jennifer Irons, Georgia Tegou, Akshay Sharma, Eva Recacha, Ceyda Tanc, Secondhand Dance, Becky Namguads, Chess Dillion-Reams, Neve Harrington and Ebony Rose Dark. As an accessible venue, we were able to work closely with and host residencies and production time by companies such as Stopgap, Gravity & Levity and National Youth Ballet.

Case Study 3: Big Give, Dance for Vulnerable Women

With support from Big Give Arts for Impact, we began offering regular fortnightly and monthly movement sessions to vulnerable women who access the services of JustLife and RISE in October 2024. Since then we have regularly welcomed up to 10 women each month to The Dance Space for a diverse range of creative movement sessions from Charleston to yoga dance. Following each session we provide refreshments and a space for the group to come together to socialise, reflect and share.

The feedback from the participants is that the women have loved trying something new each time. Providing a safe trauma-informed space for

women to enjoy an activity offers an opportunity to connect with others and reconnect with themselves. It has taken them out of their comfort zones and into feelings of satisfaction and achievement which has helped with confidence building. It has got them out of their homes and into safe social situations which has helped with overcoming feelings of isolation.

"These sessions have helped me to learn a new skill and feel connected to others. Thank you for these classes" JustLife participant

“I have really enjoyed and found them beneficial as a way to move emotions through my body – It’s like a reclamation of my body- I feel a sense of freedom afterwards.” RISE participant

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South East Dance Limited

Report of the Trustees for the year ended 31[st] March 2025

Case Study 4: Evolve Dance Collective

Launched in 2023, in partnership with Project Female, Evolve Dance Collective provides an alternative pathway dance programme,

suitable for anyone aged 15-20yrs. The programme is for those who are interested in exploring their full potential in dance, prior to going on to full time dance training. The series of workshops provide:

-help for young dancers to find their individual dance identity

-access to professional performance opportunities

Evolve Dance Collective is interested in supporting a more diverse

cultural sector by championing non-traditional routes into dance. Some of the guest teachers include internationally renowned Kloe Dean and local Brighton based Gabby Sanders, alumni of London Contemporary Dance School. The first cohort consisted of 12 young dancers, who all identified as female, and the second cohort consisted of nine dancers, again, all of whom identified as female.

Evaluation

80% of participants said that they gained a better understanding of the creative approach of different dance artists

57% built their knowledge of what goes into a ‘Creative Toolkit’

100% agreed that they now know how to select the best ideas to develop their dance practice

83% had developed their own individual artistry and unique movement style

78% felt more confident to take risks within the studio

63% said that they had improved their confidence to identify an authentic movement style

54% now understood how to identify the feeling that they want to give to their audience.

“It was amazing having so much creative freedom and chances to share our ideas” Participant Evolve Dance Collective 2024.

“Evolve is a really special opportunity that no other dance groups in Brighton provide” Participant Evolve Dance Collective 2024.

Evolve Dance Collective allowed me to present myself exactly as I am. I felt treated with respect and that my ideas were taken seriously. It was so good to work with Far From The Norm and feel as though Vicky was genuinely invested in our progress as dance artists. The experience has definitely inspired me to explore routes into dance in the future”

Participant Evolve Dance Collective 2024.

Digital Strategy

We continue to produce content for use on our digital platforms to position our brand, promote opportunities for people to take part in dance and act as an information source for artists seeking development opportunities. We are also proud to continue to build our support for artists who use digital technologies in their work. In 2024-25 we:

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

Our Digital Strategy for 2024/25 focused on growing audiences, building our brand voice, raising awareness of our charitable status and reflecting the friendly, welcoming and inclusive atmosphere visitors can expect from The Dance Space through fun, informative and engaging content.

In terms of social media, we set ourselves a target of a 25% increase in Instagram engagement and have achieved 25% growth from 5746 to 7050 followers in 2024/25. Our Facebook following has remained steady increasing from 5300 to 5400 followers in 2024/25. Linked In has been an important platform in term of our digital strategy this year. We’ve been using it to raise awareness of our hires offer, supporting the Studios & Events Manager to create engaging content that will appeal to industry and commercial hires targets. We have seen our Linked In following increase to 561 followers.

Accessibility and inclusion continue to be at the forefront of all our digital communications. Alt Text and image descriptions remain a feature of our content, as does a commitment to demonstrating diversity. We continue to produce an audio version of all of recruitment packs.

With income generation being an organisational priority, promoting commercial hires is at the forefront of our digital strategy. Using tools such as organic SEO, paid search and targeted advertising, we have nearly doubled traffic to the Hire Our Space section of our website.

3 Principal risks and uncertainties in relation to future plans

Financial sustainability

Our biggest risk going forward is creating a sustainable financial model as we continue to establish ourselves in The Dance Space. Concerted work to increase income and reduce costs during 2024-25 improved our year-end position, resulting in a surplus movement of unrestricted funds. Figures that contributed to this outcome included a 25% increase in hires income compared with 2023-24, a 53% reduction in electricity costs saving £31k compared with 2023-24 and income from bank interest of £14k compared to £5k in 2023-24. However, this risk persists in the current economic climate, which remains challenging, with factors including the rises in Employers’ National Insurance Contributions and the Brighton Living Wage impacting from April 2025.

Reputational damage

In the current climate, where there is tense public discourse around issues of freedom of expression, safe and inclusive spaces and personal identity, we remain mindful of the risk of our programming or the way in which we work leading to situations that put us at risk of reputational damage and ensure that we have strategies and procedures in place for dealing with any incidents that arise.

4 Organisational and operational outcomes

Environmental Responsibility

Through 2024-25 we continued our work to capitalise on The Dance Space’s green credentials by further improving our environmental sustainability across all aspects of our operations and activity. During the year we retitled our Building Manager’s role to Building & Sustainability Manager and they became our environmental sustainability lead. The work they carried out over the course of the year significantly accelerated our progress. It included:

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

Fundraising

Data Collection, Evaluation and Monitoring

Digital:

Our Communications Team takes the lead in gathering analytics around our digital audiences. We use Google Analytics to gather stats on our website visitors and access data from Instagram, Facebook & Linked In to gain a combined picture of the efficacy of our digital activity. We also utilise survey data produced by Illuminate to help build a picture of our audience demographic and behaviours.

We currently report on the following statistics:

Evaluation of our work is hugely important to us as a learning organisation. To ensure that our programmes are relevant, high quality and diverse, we use a range of tools most appropriate to each individual programme. Each activity within the SED programme has its project leader who is responsible for data capture and evaluation.

Our data allows us to track our commitment to diversity, to rethink our approach, diversify our networks and ensure equity is at the heart of what we do. Below are some of the statistics from our Artistic Programme that underpin our commitment to equality and diversity.

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

Across our whole artistic programme for 2024-25, we can demonstrate our percentage engagement with artists and participants from protected characteristics (age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex and sexual orientation) or from low socioeconomic or under-represented backgrounds:

Our Anti-Racism Commitment

As a leader in dance development, we are dedicated to challenging perceptions of what dance is, who it is for and what it can achieve. Inclusivity is one of our core values and we believe that diversity in all its forms is the driving engine for creativity. We wrote our anti-racist statement in August 2020 and regularly renew our stated commitment to monitoring our progress and being held accountable.

In line with our Anti-Racism plan, that we review each year:

We continue our commitment to holding ourselves accountable by publishing our outcomes, learnings and progress every year in our Annual Report.

Human resources

Our activity programme and operations are delivered by our staff team and a variety of freelance contractors. On 31 March 2025 our staff team comprised 16 members. Of these 11 identified as female, four as male and one preferred not to say. Their gender identity was 11 as a woman, four as a man and one as non-binary. One was Black Caribbean, one was White & Black African, one was Gypsy, Roma or Irish Traveller, one was White Irish, one was from any other White background and 11 were White British. Three identified as D/deaf, disabled or having a long-term health condition, 12 considered themselves not to be disabled and one

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

preferred not to say. Two members of staff identified as neurodivergent. Eleven members of staff identified as heterosexual/straight, one as bisexual, two as gay men, one as queer and one preferred not to say.

Of our eight Trustees at 31 March 2025 seven identified as female and one as non-binary. One was Indian, one was from any other white background, five were White British and one preferred not to say. Of these Trustees, one identified as D/deaf or disabled or had a long-term health condition, six considered themselves not to be disabled and one preferred not to say. One Trustee identified as neurodivergent. Six Trustees identified as heterosexual/straight, one as queer and one preferred not to say.

Volunteers

Our volunteering programmes are twofold – the first through our Steering Group who meet monthly and have developed their curating skills to the point where they are now confidently curating Our City Dances and other elements of our programme with us. This group ranges in age from 20-75. Many of them also identify as having protected characteristics. There were eight members of the Steering Group at 31 March 2025. Alongside this programme we also offer opportunities for local people to support our work during our festivals and programme activity, which can include supporting our artists, gathering evaluations from participants and audiences, and general onsite support. 18 people voluntarily supported our programmed activity over the course of the year. We continue to extend volunteering opportunities with stewarding for performances, which has worked very well across our performance programme.

5 Structure, governance and management

Charitable status

South East Dance is a charity registered with the Charity Commission. South East Dance exists to develop dance and support dance artists and practitioners in the South East region. The charitable objectives of South East Dance are:

We confirm that, under the terms section 17 (5) of The Charities Act 2011, we have complied with our duty to have due regard to the public benefit guidance as published by The Charity Commission. All our charitable activities, highlighted in this report, are undertaken in furtherance of our charitable objects and for the public benefit.

The Board of South East Dance assesses its governance against the Charity Governance Code. How South East Dance worked in 2024-25 to achieve its charitable objectives and the public benefit thereof is outlined in sections 2-4 of this report.

Governing documents

South East Dance is a company limited by guarantee governed by its Memorandum and Articles of Association. The company was incorporated on 16[th] September 1997. In March 2016, in consultation with and approval from the Charities Commission, the Trustees formally adopted an updated Memorandum and Articles of association for the company.

Appointment of Trustees

As set out in the Articles of Association the Trustees nominate the Chair of the Trustees. Existing Trustees also nominate all potential Trustees. Nominees appointed by Trustees are subject to the appointment processes

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

outlined in the Memorandum and Articles of Association.

Trustee induction and training

Trustees receive an induction pack and have an orientation meeting with the Executive and Artistic Directors to brief them South East Dance’s activities and plans, their legal obligations, understanding of charity and company law, the content of the Memorandum and Articles of Association, the committee and decisionmaking processes, the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. Part of the Trustee induction procedure is to ensure that Trustees understand the declaration of interests process. All Trustees are required to complete a declaration of interest form annually and declaration of conflicts of interest is a standing item on all Board and sub-committee agendas.

Trustees’ responsibilities in relation to financial statements

The Trustees (who are also directors of South East Dance for the purposes of company law) are responsible for preparing the Trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company, of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The liability of the members is limited to a sum not exceeding £10, being the amount that each member undertakes to contribute to the assets of the charity in the event of its being wound up while they are a member or within one year after they cease to be a member. The total number of such guarantees on 31[st] March 2025 was eight. The Trustees are members of the charitable company, but this entitles them only to voting rights. The Trustees have no beneficial interest in the charity.

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

Independent Examiner

The Trustees review the re-appointment of the Independent Examiner annually. The Trustees agreed at their 12 December 2024 Board meeting that Sayer Vincent LLP be re-appointed as Independent Examiner for the charity for the ensuing year.

Management

Cath James as Artistic Director and Rachel Gibson as Executive Director are appointed by the Trustees to be jointly responsible for the management of the day-to-day operations of the company. To facilitate effective operations, the Artistic and Executive Directors have delegated authority, within terms approved by the Trustees, for delivering the agreed programme as defined within the current operational plan. This includes day-to-day responsibility for operational matters including finance, personnel and artistic activity. Within the terms of South East Dance’s Scheme of Delegation, the Artistic and Executive Directors work with the Senior Management Team to deliver the charity’s activities. Any activity outside the remit of the approved operational plan, or course of action outside the remit of the Scheme of Delegation or approved policies and procedures, is referred to Trustees for discussion and approval, usually through the regular Trustee meetings.

The Board of Trustees administers the charity. The Trustees meet at least four times are year, with additional extraordinary meetings scheduled if required to deal with any additional decision-making.

In addition to the full Board the charitable company currently has two sub-committees. The Finance & Audit sub-committee reviews finance and risk management. The sub-committee meets four times a year and reports directly to the Board. The committee consists of five Trustees and is attended by three members of staff.

The Remuneration sub-committee has a rolling membership of at least three Trustees and meets once a year to review and approve staff remuneration levels for the coming year.

Remuneration policy for key management personnel

The Remuneration sub-committee is a sub-committee of Trustees, which meets annually to review the remuneration policy, and discuss and approve the salaries budget for the forthcoming year. No employee at South East Dance receives a salary above £60,000 p.a. We do not employ interns without pay and we pay the Brighton Living Wage as a minimum.

Risk management

The Trustees have a risk management strategy that comprises:

Fundraising practices review

All fundraising practices are framed within the values and principles of the organisation. We registered with the Fundraising Regulator in July 2019.

The fundraising is carried out by our internal team and South East Dance does not currently use external professional fundraisers. We do not employ the services of any fundraising agencies or third parties, nor have we run telephone or door-to-door fundraising campaigns. Our relationship with our supporters is very important to us and we do not wish our supporters to feel under any undue pressure to donate to us. We do not make direct contact with the general public in any of our fundraising campaigns. Staff involved in fundraising are conversant with the Code of Fundraising Practice.

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

We have a Gift Acceptance policy which includes processes for due diligence on all donations and grants received. This policy is supported by a Gift Acceptance template, which ensures that clear parameters and responsibilities are formally agreed between partners. We have ensured we are in line with the GDPR data protection regulations and all other relevant codes of conduct. We received no complaints about our fundraising practices during the year.

6 Financial review

Result for the year

Financially, South East Dance exceeded its financial projections. Operationally, the organisation incurred a surplus on unrestricted funds of £ 47,552 compared with a budgeted deficit of £ (27,434). General funds outturn was better than budgeted due to savings in electricity costs, increased hires income, an increase in bank interest received and The Dance Space Post Opening Fund £19,309 was transferred into unrestricted funds.

Total income for the year amounted to £902,403 (2023/24 £886,394) and resources expended amounted to £944,400 (2023/24 £1,176,805), including those relating to The Dance Space.

Restricted depreciation incurred on The Dance Space totalled £92,506 (2023/24 £105,363 depreciation).

Full details of the work supported by this expenditure are contained in the foregoing sections of this report. The organisation’s principal funders are shown in note 3 to the accounts.

At 31st March 2024 general fund reserves amounted to £288,575 (2024/25 £241,023), including free reserves of £264,166 (2023/24 £231,863).

At 31st March 2025 restricted funds of £53,127 were held to fund specific projects and activities as agreed with the relevant funders (2023/24 £80,632), and a designated fund of £30,460 was established to ensure South East Dance has sufficient funds to maintain The Dance Space in good repair and condition.

In addition, restricted funds totalling £1,251,335 were held at 31st March 2025 in respect of The Dance Space capitalised assets (2023/24 £1,343,841).

Reserves policy

The Trustees of South East Dance have a policy of holding reserves to provide resilience, to enable the charity to respond to opportunities and protect it against situations in which it might be financially vulnerable such as the current economic climate or changes in funding. The level of reserves is calculated on a range of three to six month’s operating expenditure.

Based on the budgeted expenditure for 2025-26 the range is between £217,226 and £434,452 with the actual current level of unrestricted reserves of £288,575.

The Trustees are conscious of the potential impact of the operational cost of running The Dance Space on the charitable company and have, through long-term financial planning, sought to mitigate potential risks.

Going concern

Having made due enquiries and having paid particular regard to the matters outlined in Section 3 of this report the Trustees consider that there are no material uncertainties as to the charitable company’s ability to continue as a going concern.

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

7 Thanks

We would like to acknowledge the long-term commitment of our key funders, as well as everyone that has supported or worked with us over the past year. Thanks to your belief in our vision, we can continue to share our passion for dance with the communities, artists and the wide range of audiences we work with. Simply put: nothing we do would be possible without you. Thank you.

Funders, Donors & Supporters The Dance Space Funders & Donors Arts Council England Public Funders Brighton & Hove City Council Arts Council England Chalk Cliff Trust Brighton & Hove City Council Esmée Fairbairn Foundation Garfield Weston Foundation Trusts & Foundations NESTA (Arts for Impact) The Arts Society Backstage Trust Paul Hamlyn Foundation Big Give Arts for Impact Fund The Pebble Trust Abderrahim Crickmay Charitable Settlement Rampion Community Benefit Fund Chapman Charitable Trust Wolfson Foundation Ernest Kleinwort Charitable Trust The 29 May 1961 Charitable Trust Fenton Arts Trust The Pebble Trust Sir Rod & Lady Carol Aldridge The 29 May 1961 Charitable Trust The late Bob Lockyer OBE Corporate Supporters Lindsay & Sarah Tomlinson Electric Square Legal & General plc and all those who wish to remain anonymous Project Partners Artisti.Associati: Gorizia IT One Dance UK Arts Award Oxford City Council Artsmark Parable Dance Attenborough Centre for the Creative Arts Pavilion Dance South West Brighton Fringe People Dancing Brighton & Hove City Council - Seniors Housing & Active for Life Project Female Brighton Dome & Brighton Festival Puffin Community Nursery Brighton MET College Québec Government Office Brighton Unemployment Centre’s Families Project Second Hand Dance Brighton Youth Centre Screen archive south east Cinecity Brighton Independent Film Festival Stuart Waters DanceEast Sydney Dance Company Dance City Sydney De Haan Research Centre Dance Makers Collective, Sydney Take Art Dance Reading Tandemworks Dance Woking Tarner Children’s Centre Dance Umbrella Tarner Community Project FABRIC The Lowry, Salford Festival Quartiers Danses, Montreal The Old Market FilmHub SouthEast The Place Flexer & Sandiland Three Score Dance Company London International Screendance Festival Trust For Developing Communities Marlborough Productions UK Dance Network Motus, MK University of Bath Spa Move South East University of Brighton National Youth Dance Company University of Chichester New Italian Dance Platform University of Canterbury, Christchurch National Youth Ballet Company University of Sussex Worthing Theatres Yorkshire Dance

Trusts & Foundations The Arts Society Backstage Trust Big Give Arts for Impact Fund Abderrahim Crickmay Charitable Settlement Chapman Charitable Trust Ernest Kleinwort Charitable Trust Fenton Arts Trust The Pebble Trust The 29 May 1961 Charitable Trust

Corporate Supporters Electric Square Legal & General plc

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

8 Financial statements and reports

The financial report and accounts follow, including: • Independent examiner’s report

This report and accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005) and prepared in accordance with the small company regime (Section 419(2) of the Companies Act 2006) respectively. Approved by the Board, on the recommendation of Finance and Audit Sub-Committee, on 9 October 2024 and signed on behalf of the charitable company by:

Name: Maureen Salmon

Title: Chair of the Board of Trustees

Signed by order of the charity Trustees South East Dance

9 October 2025

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

9 Independent examiner’s report to the trustees of South East Dance Limited

I report to the trustees on my examination of the accounts of South East Dance Limited for the year ended 31 March 2025.

This report is made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for my examination, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the charity trustees of the Company you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’) .

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the /Company’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011 (‘the 2011 Act’).

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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South East Dance Limited Report of the Trustees for the year ended 31[st] March 2025

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Name: Judith Miller, FCA Address: Sayer Vincent LLP, 110 Golden Lane, London, EC1Y 0TG Date: 15 October 2025

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South East Dance Limited

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2025

Note
Income from:
2
3
3
3
3
4
5a
5a
5a
5a
5a
5a
Transfers
6
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income for the year and net movement on funds
before transfers
Net movement on funds
Raising funds
Total expenditure
Charitable activities
Performances and events
The Dance Space Capital Project
Artists development programme
Community and participation programme
Investments - Rental Costs
Donations and legacies
Charitable activities
Artists development programme
Community and participation programme
Performances and events
The Dance Space Capital Project
Investments
Total income
Expenditure on:		 Unrestricted

£
587,474
3,105
130,029
19,738
-
95,147		 Designated
£
-
-
-
-
-
-		 Restricted
£
-
2,746
51,612
12,552
-
-		 2025
Total
£
587,474
5,851
181,641
32,290
-
95,147		 Unrestricted
£
581,951
2,313
105,799
10,049
-
69,619		 Designated
£
-
-
-
-
-
-		 Restricted
£
-
24,062
71,179
11,690
9,732
-		 2024
Total
£
581,951
26,375
176,978
21,739
9,732
69,619
835,493 - 66,910 902,403 769,731 - 116,663 886,394
37,443
9,096
598,569
130,921
-
15,991		 -
-
-
-
-
-		 -
1,873
54,910
3,091
92,506
-		 37,443
10,969
653,479
134,012
92,506
15,991		 49,574
173,581
519,092
105,171
-
-		 -
-
-
-
-
-		 -
136,718
74,256
13,049
105,363
-		 49,574
-
310,299
593,348
118,220
105,363
-
792,020 - 152,380 944,400 847,419 - 329,386 1,176,805
43,473
4,079		 -
30,460		 (85,470)
(34,539)		 (41,997)
-		 (77,688)
77,688		 -
-		 (212,723)
(77,688)		 (290,411)
-
47,552
241,023		 30,460
-		 (120,009)
1,424,473		 (41,997)
1,665,496		 -
241,023		 -
-		 (290,411)
1,714,884		 (290,411)
1,955,907
288,575 30,460 1,304,464 1,623,499 241,023 - 1,424,473 1,665,496

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 15 (a) to the financial statements.

19

South East Dance Limited

Company no. 03434501

Balance sheet

As at 31 March 2025

Note
Fixed assets:
11
Current assets:
12
Liabilities:
13
14
15 (a)
Designated funds
Total unrestricted funds
Total assets less current liabilities
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
Total net assets
Restricted funds
Unrestricted income funds:
Cash at bank and in hand
Short term deposits
Tangible assets
Debtors
General funds
Total charity funds		 £
23,694
83,000
336,201		 2025
£
1,275,744		 £
36,537
-
347,842		 2024
£
1,353,001
1,275,744
347,755		 1,353,001
312,495
442,895
95,140		 384,379
71,884
30,460
288,575		 -
241,023
1,623,499 1,665,496
1,623,499 1,665,496
1,304,464
319,035		 1,424,473
241,023
1,623,499 1,665,496

For the year ending 31st March 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime

Approved by the trustees on 9th October 2025 and signed on their behalf by

Maureen Salmon Chair Trustee

20

South East Dance Limited

Statement of cash flows

For the year ended 31 March 2025

Note
16
17
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
Cash flows from operating activities
Net cash (used in) investing activities
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Purchase of fixed assets		 £
£
£
£
91,190
(193,288)
(19,831)
(6,470)
(19,831)
(6,470)
71,359
(199,758)
347,842
547,600
419,201
347,842
2025
2024

21

For the year ended 31 March 2025

South East Dance Limited

Notes to the financial statements

1 Accounting policies

a) Statutory information

South East Dance Limited is a charitable company limited by guarantee and is incorporated in England and Wales. The registered office address is The Dance Space; 2 Market Square; Circus Street; Brighton; BN2 9AS.

b) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

c) Charitable status

The charitable company meets the definition of a public benefit entity under FRS 102.

d) Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

g) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

22

South East Dance Limited

Notes to the financial statements

For the year ended 31 March 2025

1 Accounting policies (continued)

i) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Support and governance costs are re-allocated to each of the activities on the following basis which is an estimate, based on project expenditure, of the amount attributable to each activity:

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

k) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

l) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £750. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Computer IT equipment 3 years Equipment & Furniture 5 years Fixtures & Fittings 10 years  The Dance Space Building Costs 39 years

m) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

n) Short term Deposits

Short term deposits include cash balance that are invested in accounts with a maturity date of between 3 and 12 months.

o) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of 3 months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.

23

South East Dance Limited

Notes to the financial statements

For the year ended 31 March 2025

1 Accounting policies (continued)

p) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

q) Pensions

The company contributes to each employee's Individual Personal Pension plan.

r) Trading subsidiary

On 13th November 2019, South East Dance set up a wholly owned trading subsidiary, South East Dance Trading Limited (Company No 11674921). The company was dormant for the period to 31st March 2024 and the year ended 31st March 2025 and accordingly its profit and loss account and balance sheet are not included in the accounts of South East Dance.

2 Income from donations and legacies

Backstage Trust
Grants receivable for core activities:
Arts Council England - National Portfolio
Other donations		 Unrestricted
£
580,660
5,000
1,814		 £
-
-
-
Restricted		 2025
Total
£
580,660
5,000
1,814		 Unrestricted
£
580,660
-
1,291		 £
-
-
-
Restricted		 2024
Total
£
580,660
-
1,291
587,474 - 587,474 581,951 - 581,951

24

South East Dance Limited

Notes to the financial statements

For the year ended 31 March 2025

3 Income from charitable activities

Income from charitable activities
Unrestricted
£
-
-
-
-
-
-
240
2,865
3,105
108,448
11,839
-
-
-
-
-
-
-
-
-
2,609
-
7,133
130,029
14,595
-
-
5,143
19,738
-
-
152,872
Tickets Events
Tickets Events
Leche Trust
Total income from charitable activities
Brighton & Hove City Council
Little Big Dance Performance Fees
Other project income
Jamie Watton Fund Donations
Arts Council England
Artists development programme
The Arts Society
Abderrahim Crickmay Charitable Settlement
3rd Party Insurance Claim
Other project income
Tickets Events
Big Give
Electric Square
The Chapman Charitable Trust
Ragdoll Foundation
Sub-total for Performances and events
The Dance Space
Ernest Kleinworth Charitable Trust
Donations
Legal & General
Fenton
The 29th 1961 Charitable Trust
Fenton
Sub-total
for
Community
and
participation
programme
Other project income
Studio and Room Hires
Sub-total for The Dance Space
Curated Classes
Sub-total for Artists development programme
Community and participation programme
Performances and events
Pebble Trust		 Unrestricted
£
-
-
-
-
-
-
240
2,865		 £
-
-
-
-
2,746
-
-
-
Restricted		 2025
Total
£
-
-
-
-
2,746
-
240
2,865		 Unrestricted
£
-
-
2,064
-
-
-
-
249		 £
11,980
3,000
6,032
3,000
-
50
-
-
Restricted		 2024
Total
£
11,980
3,000
8,096
3,000
-
50
-
249
3,105
108,448
11,839
-
-
-
-
-
-
-
-
-
2,609
-
7,133		 2,746
-
-
39,938
-
5,000
1,350
4,124
-
-
-
1,200
-
-
-		 5,851
108,448
11,839
39,938
-
5,000
1,350
4,124
-
-
-
1,200
2,609
-
7,133		 2,313
89,829
14,173
-
-
-
-
-
-
-
-
-
-
-
1,797		 24,062
-
-
44,376
10,000
5,000
-
-
2,000
3,000
4,997
-
-
8
1,798		 26,375
89,829
14,173
44,376
10,000
5,000
-
-
2,000
3,000
4,997
-
-
8
3,595
51,612
-
3,650
-
8,902		 181,641
14,595
3,650
-
14,045		 105,799
10,049
-
-
-		 71,179
-
-
2,000
9,690		 176,978
10,049
-
2,000
9,690
19,738
-		 12,552
-		 32,290
-		 10,049
-		 11,690
9,732		 21,739
9,732
- - - - 9,732 9,732
152,872 66,910 219,782 118,161 116,663 234,824

25

South East Dance Limited

Notes to the financial statements

For the year ended 31 March 2025

4 Income from investments

Income from investments
Rental Income
UK bank interest		 Unrestricted
£
80,730
14,417		 £
-
-
Restricted		 2025
Total
£
80,730
14,417		 Unrestricted
£
64,261
5,358		 £
-
-
Restricted		 2024
Total
£
64,261
5,358
95,147 - 95,147 69,619 - 69,619

26

South East Dance Limited

Notes to the financial statements

For the year ended 31 March 2025

5a Analysis of expenditure (current year)

Staff costs (Note 7)
Consultants
Other staffing costs
Building overheads
Operational overheads
Communications
Projects and activities
Bank Charges
Professional fee
Legal costs
Trustee and Board costs
The Dance Space
Investments - Rental Costs
Support costs
Governance costs
Total expenditure 2025
Total expenditure 2024		 £
36,565
-
-
-
879
-
-
-
-
-
-
-
-
Cost of
raising
funds		 £
-
-
-
-
-
-
-
-
-
-
-
-
15,991
Cost of
Investments		 Charitable activities Charitable activities £
-
-
-
-
-
-
-
-
5,649
-
4,616
-
-
Governance
costs		 £
99,750
858
8,017
121,128
33,066
16,413
-
1,607
-
-
-
-
-
Support
costs		 2025
Total
£
539,996
858
8,017
121,128
33,945
16,413
103,674
1,607
5,649
-
4,616
92,506
15,991		 2024
Total
£
571,473
1,272
8,199
178,469
34,377
23,250
237,770
1,294
5,899
6,372
3,066
105,363
-
£
2,680
-
-
-
-
-
4,290
-
-
-
-
-
-
Artists
development
programme		 £
365,348
-
-
-
-
-
49,884
-
-
-
-
-
-
Community and
participation
programme		 £
35,653
-
-
-
-
-
49,500
-
-
-
-
-
-
Performances
and events		 £
-
-
-
-
-
-
-
-
-
-
-
92,506
-
The
Dance
Space
37,444
-
-		 15,991
-
-		 6,970
3,858
141		 415,232
229,846
8,401		 85,153
47,136
1,723		 92,506
-
-		 10,265
-
(10,265)		 280,839
(280,839)
-		 944,400
-
-		 1,176,804
-
-
37,444 15,991 10,969 653,479 134,012 92,506 - - 944,400 1,176,804
49,574 - 310,299 593,348 118,220 105,363 - - 1,176,804

Of the total expenditure, £792,020 was unrestricted (2024: £847,419) and £152,380 was restricted (2024: £329,386).

27

South East Dance Limited

Notes to the financial statements

For the year ended 31 March 2025

5b Analysis of expenditure (Prior year)

Charitable activities

Staff costs (Note 7)
Consultants
Other staffing costs
Building overheads
Operational overheads
Communications
Projects and activities
Bank Charges
Professional fee
Legal costs
Trustee and Board costs
The Dance Space
Support costs
Governance costs
Total expenditure 2024		 £
48,614
-
-
-
960
-
-
-
-
-
-
-
Cost of
raising
funds		 £
82,361
-
-
-
-
-
114,905
-
-
-
-
-
Artists
development
programme		 £
307,410
-
-
-
-
-
69,798
-
-
-
-
-
Community and
participation
programme		 £
22,089
-
-
-
-
-
53,067
-
-
-
-
-
Performances
and events		 £
-
-
-
-
-
-
-
-
-
-
-
105,363
The
Dance
Space		 £
-
-
-
-
-
-
-
-
5,899
6,372
3,066
-
Governance
costs		 £
110,999
1,272
8,199
178,469
33,417
23,250
-
1,294
-
-
-
-
Support
costs		 2024
Total
£
571,473
1,272
8,199
178,469
34,377
23,250
237,770
1,294
5,899
6,372
3,066
105,363
49,574
-
-		 197,266
108,376
4,657		 377,208
207,234
8,906		 75,156
41,290
1,774		 105,363
-
-		 15,337
-
(15,337)		 356,900
(356,900)
-		 1,176,804
-
-
49,574 310,299 593,348 118,220 105,363 - - 1,176,804

28

South East Dance Limited

Notes to the financial statements

For the year ended 31 March 2025

6 Net income for the year

This is stated after charging:

This is stated after charging:
2025 2024
£ £
Depreciation 97,085 107,766
Independent examiner’s fee (excluding VAT):
Independent examination - current & prior year fee 5,250 5,500

7 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Other staff costs
Employer’s contribution to defined contribution pension schemes
Salaries and wages
Social security costs		 2025
£
485,521
39,268
15,207
-		 2024
£
513,931
41,393
15,509
640
539,996 571,473

No employee earned more than £60,000 during the year (2024: nil).

The total employee costs including pension contributions and employers NIC for the key management personnel were £123,355 (2024: £121,366).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £630 (2024: £742) incurred by 4 (2024: 4) members relating to attendance at meetings of the trustees.

8 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

Raising funds
Support
Artists development programme
Community and participation programme
Performances and events		 2025
No.
1
1
12
2
2		 2024
No.
1
4
8
2
3
18 18

29

For the year ended 31 March 2025

South East Dance Limited

Notes to the financial statements

9 Related party transactions

Second Hand Dance are related to the charity by virtue of having a trustee in common. A South East Dance trustee is also related to Stopgap Dance Company as an employee. During the year the charity received income of £640 (2024:£1,813) and incurred expenditure of £4,315 (2024:£5,325) from the 2 (2024:4) related parties.

Aggregate donations from trustees were £60 in 2025 (2024: £150). There were no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

10 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

11 Tangible fixed assets

Tangible fixed assets
Net book value
Charge for the year
At the start of the year
At the end of the year
Cost or valuation
At the start of the year
Depreciation
Additions in year
At the end of the year
At the end of the year
At the start of the year		 Computer IT
equipment
£
34,094
4,122		 Equipment &
Furniture
£
168,423
-		 Fixtures &
Fittings
£
335,219
15,709		 Building Costs
The Dance
Space
£
1,035,808
-		 Total
£
1,573,544
19,831
38,216 168,423 350,928 1,035,808 1,593,375
32,131
2,226		 68,478
33,211		 66,809
35,089		 53,125
26,559		 220,543
97,085
34,357 101,689 101,901 79,684 317,631
3,859 66,734 249,027 956,124 1,275,744
1,963 99,945 268,410 982,683 1,353,001

All of the above assets are used for charitable purposes.

SED holds a 40-year lease of The Dance Space at peppercorn rent which commenced in December 2021. The lease is granted by Brighton and Hove City Council. SED bears the responsibility of repairs and maintenance of the building for the duration of the lease. Due to the specialist nature of the building, it is not practical to assess a market value of a similar property in the local area. For this reason, no value has been recognised in the financial statements in relation of the lease.

30

South East Dance Limited

Notes to the financial statements

For the year ended 31 March 2025

12 Debtors

Debtors
Trade debtors
Prepayments
Accrued Income
Accruals
Taxation and social security
Other creditors
Creditors: amounts falling due within one year
Trade creditors		 2025
£
8,083
15,489
122		 2024
£
28,624
7,853
60
23,694 36,537
2025
£
25,853
8,939
44,085
16,263		 2024
£
6,544
10,529
30,529
24,282
95,140 71,884

13 Creditors: amounts falling due within one year

14 (a) Analysis of net assets between funds 2025

Analysis of net assets between funds 2025
Net assets at the end of the year 2025
Tangible fixed assets
Net assets at the end of the year 2024
Net current assets
Analysis of net assets between funds 2024
Tangible fixed assets
Net current assets		 General
unrestricted
£
24,409
264,166		 Designated
£
-
30,460		 Restricted
£
1,251,335
53,129		 Total funds
2025
£
1,275,744
347,755
288,575 30,460 1,304,464 1,623,499
General
unrestricted
£
9,160
231,863		 Designated
-
-		 Restricted
£
1,343,841
80,632		 Total funds
2024
£
1,353,001
312,495
241,023 - 1,424,473 1,665,496

14 (b) Analysis of net assets between funds 2024

31

South East Dance Limited

Notes to the financial statements

For the year ended 31 March 2025

15 (a) Movement in funds 2025

Movement in funds 2025
Total restricted funds
TDS Post Opening Fund
YP U.Dance
Brighton Screen Dance Festival
TheWelcomeProject2
Mapdance
P&E Activity
Propel - Young Talent Programme
Big Give Women's Project
BHCC Funding
Flourish Activity
Wayfinding - Dance Graduates
Young Film -Maker Commission
Total Programmes
Networks - MSE
Restricted funds:
The Dance Space -capitalised asset
Total unrestricted funds
Older Peoples Wellbeing
Legal & General
Chapman Charitable Trust
Our City Dances Festival
RAPPORT
Restricted Building Fund
ADP Activity
General funds
Designated building maintenance fund
Unrestricted funds:
Designated funds:
Total funds
Mind the Gap		 At the start of
the year
£
14,997
11,413
-
-
6,669
-
3,283
2,607
2,000
1,794
1,281
-
685
499
-
-
-
863
-
15,230
19,309		 Incoming
resources &
gains
£
-
60
39,939
2,746
5,000
4,124
137
-
-
-
-
1,350
-
150
240
1,245
3,656
-
17,217
-
-		 Outgoing
resources &
losses
£
(4,425)
(2,681)
(39,939)
-
(4,130)
(1,236)
(2,250)
(2,087)
(2,000)
-
-
(1,350)
-
-
-
(1,245)
(2,246)
(341)
(4,898)
-
-		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(15,230)
(19,309)		 At the end of
2025
£
10,572
8,792
-
2,746
7,539
2,888
1,170
520
-
1,794
1,281
-
685
649
240
-
1,410
522
12,319
-
-
80,630
1,343,843		 75,864
-		 (68,828)
(92,506)		 (34,539)
-		 53,127
1,251,337
1,424,473 75,864 (161,334) (34,539) 1,304,464
-
241,023		 -
835,493		 -
(792,020)		 30,460
4,079		 30,460
288,575
241,023 835,493 (792,020) 34,539 319,035
1,665,496 911,357 (953,354) - 1,623,499

32

South East Dance Limited

Notes to the financial statements

For the year ended 31 March 2025

Purposes of restricted funds

Purposes of designated funds

• South East Dance is obliged, under the terms of the Arts Council England capital funding agreement, to maintain The Dance Space in good repair and condition. The Designated Building Maintenance fund is to ensure South East Dance has sufficient funds to cover repairs and renewals as identified in the lifecycle cost plan. The initial sum set aside for this in the 2023/24 accounts was interpreted as a restricted, however as this is the charity setting aside its own funds for this purpose it is considered to be more appropriate that this is described as a designated fund. Hence the transfer of funds in 2024/25 which includes the opening balance plus this year's sum set aside from general funds.

33

South East Dance Limited

Notes to the financial statements

For the year ended 31 March 2025

15 (b) Movement in funds 2024

Total restricted funds
General funds
Chapman Charitable Trust
Chalk Cliff Our City Dance
Mid Career Artists
Networks - MSE
RAPPORT
Pebble Trust Our City Dance
Mapdance
Emerging Creative Producers
Radical Rhizomes
Ark School Dance
Commissions
Festivals and Conferences
Brighton Festival (May)
P&E Activity
C&P Activity
Mind the Gap
YP U.Dance
Curated Events
Legal & General
Total unrestricted funds
YP - AALN
Restricted Building Fund
Total funds
Restricted funds:
Little Big Dance
Older Peoples Wellbeing
TheWelcomeProject2
Maria Bjornson Memorial Fund
Propel - Young Talent Programme
Flourish Activity
Total Programmes
The Dance Space -capitalised asset
TDS Post Opening Fund		 £
101,643
-
15,345
12,000
11,161
6,492
5,000
5,000
1,733
-
-
2,151
3,321
2,000
-
1,500
600
480
286
-
-
-
-
-
-
-
-
96,967
At the start of
the year		 £
18,012
14,997
44,383
3,000
-
-
5,000
-
3,050
3,000
2,000
-
6,562
-
-
-
-
-
120
1,559
120
-
2,702
1,750
676
-
-
Incoming
resources &
gains		 £
(119,655)
-
(46,250)
(15,000)
(11,161)
(4,512)
(2,998)
(5,000)
(1,500)
(393)
-
(357)
(8,602)
(2,000)
863
(565)
(600)
(480)
93
(1,559)
(120)
500
(2,702)
(1,750)
(676)
400
-
-
Outgoing
resources &
losses		 £
-
-
(2,065)
-
-
(1,980)
(333)
-
-
-
-
-
-
-
-
(250)
-
-
-
-
-
(500)
-
-
-
(400)
15,230
(77,658)
Transfers		 At the end of
2024
£
-
14,997
11,413
-
-
-
6,669
-
3,283
2,607
2,000
1,794
1,281
-
863
685
-
-
499
-
-
-
-
-
-
-
15,230
19,309
265,679
1,449,204		 106,931
9,732		 (224,024)
(105,361)		 (67,956)
(9,732)		 80,630
1,343,843
1,714,884 116,663 (329,386) (77,688) 1,424,473
241,023 769,731 (847,419) 77,688 241,023
241,023 769,731 (847,419) 77,688 241,023
1,955,907 886,394 (1,176,805) - 1,665,496

34

South East Dance Limited

Notes to the financial statements

For the year ended 31 March 2025

16 Reconciliation of net (expenditure)/income to net cash flow from operating activities

Net (expenditure) for the reporting period
(as per the statement of financial activities)
Depreciation charges
Decrease in debtors
Increase/(Decrease) in creditors
Net cash provided by operating activities		 2025
£
(41,997)
97,085
12,846
23,256		 2024
£
(290,411)
107,766
10,531
(21,174)
91,190 (193,288)

17 Analysis of cash and cash equivalents

Cash at bank and in hand
Total cash and cash equivalents		 At 1 April 2024
£
347,842		 Cash flows
£
71,359		 £
419,201
At 31 March
2025
347,842 71,359 419,201

18 Operating lease commitments

At the balance sheet date, there were no operating lease commitments (2024: £nil).

19 Contingent assets or liabilities

At the balance sheet date, the there were no contingent assets or liabilities (2024: £nil).

20 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.

The company is registered in England, registered number 03434501, and has it registered office at The Dance Space, 2 Market Square, Brighton, England, BN2 9AS.

The company is a registered charity, registration number 1064900.

35