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2024-03-31-accounts

CORALI DANCE COMPANY

(A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL)

REPORT AND FINANCIAL STATEMENTS

31ST MARCH 2024

REGISTERED NUMBER: 03491964

CHARITY NUMBER: 1067832

Frank Lachman Chartered Accountant 31 Fairview Way Edgware Middlesex HA8 8JE

CORALI DANCE COMPANY

(A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL)

FINANCIAL STATEMENTS

for the year ended 31st March 2024

Pages
CONTENTS
Legal & Administrative Information 1
Report of the Committee of Management 2 - 6
Independent examiner's report to the members 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 14

CORALI DANCE COMPANY

(A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL)

LEGAL AND ADMINISTRATIVE INFORMATION

31ST MARCH 2024
Company Registered Number
03491964
Registered Charity Number
1067832
Registered Office
Carlton Mansions
387 Coldharbour Lane
London
SW9 8GL
Examiner
Frank Lachman
Chartered Accountant
31 Fairview Way
Edgware
Middlesex
HA8 8JE
Directors and Trustees
Ms S Frankenburg
Mr H Stultz Resigned November 2024
Mrs H Harte Resigned November 2024
Dr S O Jarrett
Mr S Caseley
Ms D J M Robinson
Ms J Akinwumi-Reid
Ms L B Pugh
Ms S L Moore
Ms D R Potter
Ms B Van Heel Appointed February 2024
Senior Staff
Sarah Archdeacon, Artistic Director
Bridget Chew, Associate Artistic Director
Jacobus Flynn, Associate Artistic Director
Housni Hassan, Associate Artistic Director
Jennifer Dyer, General Manager (until November 2024)
Arianna Carloni, General Manager ( from November 2024)
Andrea Swainson, Outreach and Engagement Manager (Maternity Leave)
Bankers
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
TSB Bank
PO Box 1000
BX4 7SB

Page 1

CORALI DANCE COMPANY (A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL) DIRECTORS' AND TRUSTEES' REPORT for the year ended 31st March 2024

Report of the Trustees

The Trustees present their report and accounts for the year ended 31 March 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

In setting our objectives and activities, the Trustees have given careful consideration to the Charity Commission's guidance on public benefit.

The Trustees sum up Corali's charitable purposes, as defined in its Memorandum, as the following: Corali uses dance to engage and inspire people with a learning disability by putting on original performance works and by offering ongoing professional development, engagement and training opportunities. Corali removes barriers to enable people with a learning disability to contribute meaningfully to cultural activities, positively raises awareness of disability and supports people with a learning disability to lead full and healthy lifestyles.

The charity’s objectives are:

The Trustees felt that our purposes were best achieved by continuing our core programme, alongside strengthening our infrastructure and existing partnerships.

Our core programme consists of:

An engagement programme made up of an adult community class, a class for young people aged 14-25, a schools

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding which activities the charity should undertake.

Achievements and Performance

Artistic programme

From April 2023 – March 2024 a total of 1326 audience members attended our live performances, 377 people took part in our engagement programme, and 45033 people interacted with us online.

During the year, we had the wonderful experience of taking our family show, Super Hot Hot Dog on tour. The tour began with two extracts presented at outdoor summer festivals: IncludFest in Durham, and The Place Theatre’s Family Dance Day at Coram’s fields in London. In September we were excited to premiere the new full-length version of the show at an international theatre festival in Horsens, Denmark. It was great to be part of this festival and feel part of an international community of theatre and dance companies. After Denmark we visited Pavillion Dance South West in Bournemouth, Pegasus Theatre in Oxford and Theatre Royal, Bath. In February 2024 we did a rural leg of the tour to Cornwall, visiting Liskeard for the first time and returning to Portreath. The tour finished at the Place Theatre, London and it was good to finish with a home crowd. We were delighted with the feedback and responses from the families and young people that came to see the shows.

‘Loved the empowering messages and the sense of fun. You included everyone’ ‘Beautiful dancers, magical set, important messages. This should tour to all around the UK!’ Audience responses Super Hot Hot Dog tour

Page 2

CORALI DANCE COMPANY (A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL) DIRECTORS' AND TRUSTEES' REPORT (continued) for the year ended 31st March 2024

As part of the tour, we led professional exchange workshops with local groups including Millstream Theatre in Bournemouth, Shadowlights in Oxford and Shallal in Cornwall. It was great to make connections that we hope will lead to future collaborations. We also devised a new CPD training, developed by company dancers, associates and staff as a deep dive into our methodologies to share with other industry professionals and artists. We trialled this new CPD training at Dance East, Ipswich in March and were happy with the positive feedback and responses.

‘ Dance leadership modelled by disabled leaders’ ‘I really loved the overall approach, really valuable to me’ Feedback from CPD training

To complement the tour and support audience development we led a series of engagement workshops in special schools and community settings.

‘I was so amazed, especially to see these two young boys taking part who would not normally join in’. Teacher Linwood School Bournemouth .

Over the year, we were excited to deliver engagement workshops in new settings including Hastings Museum as part of the Curating for Change programme, the Victoria and Albert Museum, London as part of their inclusive summer programme, and Kings College London for their PGCE students.

Our regular programme of classes continues to thrive, and demand for our community class Explore means we now have a waiting list. Our professional development class (PDC) has flourished in its skill development and performance making, presenting an excellent sharing in February 2024, and Kick Up our youth company, completed its first ever dance for camera work.

‘Sophisticated and thoughtful approach. I have been empowered to let myself go’ Participant at Kings College CPD session

Developing our sustainability and structure

2023-4 was our first full year as tenants at Carlton Mansions, adjoining Brixton House Theatre. It has been positive to have a home for our annual programme of classes and to feel part of a creative community of other arts organisations.

The year was characterised by a great change in personnel for Corali. In November our first ever General Manager, Jennifer Dyer left after seven transformational years with the company. Although a big change, we are delighted that she immediately took up a new role with the company as Fundraising and Impact Associate. This new position will add momentum to our fundraising efforts and develop our data collection and analysis methods.

In November 2023 we were joined by Arianna Carloni, our new General Manager. Arianna has taken the helm of our company management, and it is wonderful to see how quickly and personably she has taken up her responsibilities. She is already such a great asset to Corali!

We were also joined by Kate Sarley, our new Finance Manager Associate. Kate is supporting the transition between Jen and Arianna, as Arianna upskills her finance knowledge. It is great to have Kate as part of the team who comes to us with much experience including working with our neighbours at Carlton Mansions, The Actors Touring Company.

Barbara Van Heel was welcomed onto the board as our new treasurer in February. She will work closely with the board, staff and Kate to ensure Corali upholds its excellent standard of financial management. Simon Jarrett agreed to continue his tenure as chair given the changes in personnel this year and we are incredibly grateful to him for his continued commitment to the company and his excellent stewardship. Lindsey Pugh informally became co-chair during the year, which was formally approved in May 2024. She will work with Simon over the next few months until she becomes chair in March 2025.

Page 3

CORALI DANCE COMPANY (A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL) DIRECTORS' AND TRUSTEES' REPORT (continued) for the year ended 31st March 2024

During the year we continued to develop key partnerships that support the development of our practice and widen our audience, such as Demonstrate! our holiday project for disabled children 8-14 years old with Brixton House, and the Excellent Together project with Dance Duo Thick & Tight.

Financial review

Corali is extremely grateful to all our funders for their continued support of the company.

Corali’s NPO grant from ACE that was originally for three years has been extended for one year. This is because ACE recognise the challenging global economic climate. The grant of £101, 840 per year and includes an additional uplift grant, of £64, 500, and now runs 2023 – 2027.

In October, we heard the good news that we have received a grant of £132,000 from City Bridge Foundation over 5 years. This enables us to grow our annual programme of classes and begin a new facilitators training course. We also gratefully received an unrestricted grant of £25,000 from the Postcode Society Trust. We received grants from: St. Jame’s Place Charitable Foundation of £2,500 towards our youth company programme, the CriSeren Foundation of £5, 629 towards improving our Monitoring and Evaluation systems, and The Abderrahim Crickmay Charitable Settlement of £4,500 towards our partnership with the Place Theatre in 2024. These grants really help us develop our project work and our overall sustainability.

Our 3–year funding from National Lottery Community Fund (NLCF) was completed in July 2023 and we are extremely grateful to NLCF for their support.

Reserves Policy

At the end of the year, Corali held a total of £233,568 in funds. Of this, an operational reserve of £72,107 is estimated as sufficient for three months' operational costs and/or the costs associated with an enforced orderly wind up. The level of operational reserve is reviewed annually. Our reserves allow us sufficient flexibility to cover temporary shortfalls in incoming resources due to any timing differences that would incur problems for cash flow, to ensure adequate working capital to cover core costs, and to allow the charitable company to cope with, and respond to, unforeseen events whilst specific action plans are implemented.

The Trustees review the company's Reserves Policy and level of appropriate reserves on a regular basis.

With the ongoing impacts of the financial crisis in the UK and severe impacts to the global economy, in the last 3 years, we reviewed our Reserves Policy in early 2023 to reflect these changes in potential risk, and the potential impact on future financial years.

Risk

The Trustees regularly review the major risks to which Corali is exposed, aided by a clear and regularly updated risk register. Where appropriate, systems or procedures are or have been established to mitigate any risks faced by the organisation. Internal control risks are minimised through clear authorisation procedures for all projects, activities and financial transactions. Procedures are also in place to ensure the health and safety of staff, participants and visitors.

Plans for the future

We are excited to be partnering with the Place Theatre, London to research and develop two new dance works developed by our dancers. These works are being created in partnership with artists Mark Beldan, Matt Webb and Jon C Archdeacon. Corali was selected to take part in Choreodrome in July 2024. This is an intensive research and development creation project. The new performances we create will be presented at the Place Theatre in March 2025.

Page 4

CORALI DANCE COMPANY (A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL) DIRECTORS' AND TRUSTEES' REPORT (continued) for the year ended 31st March 2024

Our new Leadership in Action project that began in the autumn of 2023 featured the first ever symposium for dance leaders with a learning disability in June 2024. The symposium was led in partnership with People Dancing. 100% of participants said they would like more symposiums, so we are already talking about delivering another event in 2025. We are also discussing with People Dancing the potential to create a 2-year mentoring programme for learning disabled dance leaders to go alongside the symposium events. This will complement Corali’s internal leadership mentoring for our dancers that will also continue until 2027, and it has already been wonderful to see how ready our dancers are to develop their leadership roles.

Two new films will be premiered in 2024. We were extremely proud to premiere our youth company’s first ever dance for camera work, Frame Work in July 2024. This film was headed up by our Associate Artistic Director Bridget Chew and was made in collaboration with our long-term artist collaborator, Jon C Archdeacon. Adieu created by Thick & Tight in partnership with Corali dancers will premiere in the autumn of 2024.

Our Arts Award project for dancers aged 14 – 18, Are You Ready ? ran again in summer 2024. This project is an exciting way to introduce younger dancers into company activities and reinforce the company’s progression routes.

Structure, governance and management

Corali Dance Company ("Corali") is a charitable company limited by guarantee, incorporated on 13 January 1998 and registered as a charity on 29 January 1998. Corali was established under a Memorandum of Association, which sets out the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the charitable company's winding up, each member may be required to contribute an amount not exceeding £1.

The Trustees, who are also the directors for the purpose of company law, and who served during the year were:

Ms S Frankenburg Ms J Akinwumi-Reid Mr H Stultz Resigned November 2024 Ms L B Pugh Mrs H Harte (treasurer) Resigned November 2024 Ms S L Moore Dr S O Jarrett Ms D R Potter Mr S Caseley Ms B Van Heel Appointed February 2024 Ms D J M Robinson

As set out in the Articles of Association, the Chair and new trustees are nominated and elected by members of the Board. The Chair must stand down for re-election after every three-year term and, set on rotation according to election dates, a third of trustees must stand down for re-election each year.

Prospective trustees are interviewed by a senior member of staff, an existing trustee and a Corali dancer, and are provided with induction information that outlines their legal obligations under charity and company law. They are also updated on the charitable company's current finances and activities. Before formal election, they are invited to observe a board meeting, providing an opportunity for them to meet the full board and vice versa.

During this period, Mrs H Harte (treasurer) and Mr H Stultz resigned as trustees. We are so grateful of their commitment and support over their tenure and are looking forward to staying in contact with both of them.

The Board of Trustees (which can have up to 10 members) administers the charitable company, and meets four times a year, in addition to an Annual General Meeting. Sub-committees (such as finance and development) are set up when appropriate and necessary. An Artistic Director, General Manager and Engagement & Outreach Manager are recruited by the Board to manage the charitable company's day-to-day activities.

Page 5

CORALI DANCE COMPANY (A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL) DIRECTORS' AND TRUSTEES' REPORT (continued)

for the year ended 31st March 2024

Directors' responsibilities

Company Law which is also applicable to charitable companies in England and Wales requires the directors, who are also trustees of the company, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the results of the company for that period.

In preparing those financial statements, the directors/trustees are required to:

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

Disclosure of information to examiner

So far as each director at the date of approval of this report is aware:

Approved by the board on 27/11/2024 and signed on their behalf by Dr S O Jarrett, Trustee

Page 6

CORALI DANCE COMPANY (A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL) DIRECTORS' AND TRUSTEES' REPORT (continued) for the year ended 31st March 2024

Independent Examiner's Report on the Accounts

I report to the charity trustees on my examination of the accounts of the company for the year ended 31st March 2024 which are set out on pages 8 to 14.

Responsibilities and basis of report

As the charity’s trustees of the company (and also its directors for the purposes of company law) 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 your charity’s accounts as carried out under section 145 of the Charities Act 2011 (the ‘2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's report

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 & Wales, which is one of the listed bodies.

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

(1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

(2) the accounts do not accord with those accounting records; or

(3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or

(4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

27/11/2024

Frank S Lachman Chartered Accountant Independent Examiner

31 Fairview Way Edgware Middlesex HA8 8JE

Page 7

CORALI DANCE COMPANY

(A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL)

STATEMENT OF FINANCIAL ACTIVITIES Including INCOME AND EXPENDITURE ACCOUNT

for the year ended 31st March 2024

Note
Income from:
Donations and legacies
2
Charitable activities
3
Expenditure on:
Charitable Activity Costs
4
Net income/(expenditure)
Total Funds brought forward
Transfers
Total Funds carried forward
9		 Total
Funds
Total
Funds
Restricted Unrestricted
2024
Restricted
Unrestricted
2023
Funds
Funds
Funds
Funds
£
£
£
£
£
£
86,653
165,682
252,335
39,290
104,425
143,715
-
52,748
52,748
3,050
22,854
25,904
86,653
218,430
305,083
42,340
127,279
169,619
87,793
144,585
232,378
58,806
152,505
211,311
87,793
144,585
232,378
58,806
152,505
211,311
(1,140)
73,845
72,705
(16,466)
(25,226)
(41,692)
18,238
142,625
160,863
34,704
167,851
202,555
-
-
-
-
-
-
17,098
216,470
233,568
18,238
142,625
160,863

The notes on pages 10 to 14 form part of these accounts.

Page 8

CORALI DANCE COMPANY (A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL)

BALANCE SHEET AS AT 31st MARCH 2024

Note 2024 2023
£ £ £ £
Tangible Fixed Assets 6 - 91
Current assets
Debtors 7 9,808 126
Cash at bank and in hand 238,460 167,143
248,268 167,269
Creditors: amounts falling due within one
year 8 14,700 6,497
Net current (liabilities)/ assets 233,568 160,772
Total assets less current liabilities 233,568 160,863
Funds
Total Funds 9 233,568 160,863

For the year ended 31 March 2024 the company was entitled to exemption under section 477(2) of the Companies Act 2006.

No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for:

i. ensuring the company keeps accounting records which comply with section 386; and ii. preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company.

The accounts have been prepared in accordance with the special provisions in Part 15 applicable to companies subject to the small companies’ regime under Companies Act 2006 and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

Approved by the board on 27/11/2024 and signed on their behalf by Dr S O Jarrett, Trustee

Page 9

CORALI DANCE COMPANY (A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL) NOTES TO THE FINANCIAL STATEMENTS for the year to 31st March 2024

1 Accounting policies

(a) Financial Statements

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) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Corali Dance Company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

(ii) Tangible Fixed Assets

Depreciation is calculated to write down the cost less estimated residual value of assets by the reducing balance method over their expected useful lives at the following rates.

Furniture, fixtures and equipment 20% on reducing balance or over useful life

(iii) Income

Income derived from co-production agreements, performance fees and other sales is credited to the Statement of Financial Affairs (SOFA) in the period to which it relates on the basis of entitlement - excluding value added tax. Grants and donations represent amounts from individuals, corporations, trusts and other funding bodies and are credited to the SOFA in the year in which they are expended.

(iv) Expenditure

All expenditure is accounted for on an accruals basis excluding value added tax.

Costs are allocated to a category in the SOFA either because such costs are directly incurred in relation to such category, or because they are support costs in respect of which an apportionment has been made between the SOFA categories.

Support costs consist of infrastructure costs for salaries, premises, office administration. Such costs are apportioned on a reasonable and consistent basis to the various SOFA categories with a view to determining, as accurately as possible, the total resources expended for each category. The basis of apportionment used is either a function of staff time applied to a given activity, or an estimate of the proportion of costs associated with the same, or a combination of both.

Direct and Support costs are separately shown by natural classification in Note 4 to these accounts for each SOFA category of cost.

2
Donations and legacies
Project Grants and Income
Arts Council England - Project Grant
Arts Council England - NPO
Players of People's Postcode Lottery
City Bridge
Criseren Foundation
National Lottery Community Fund
Abderrahim Crickmay Charitable
Settlement
St James Charitable Foundation
Baily Thomas Charitable Fund
Donations and gifts
Sundry
3
Charitable Activities
Engagement fees
Performance fees
Training fees
Theatre Tax Relief
Other		 Restricted
Unrestricted
Restricted Unrestricted
Funds
Funds
2024
Funds
Funds
2023
64,088
-
64,088
-
-
-
-
123,340
123,340
-
101,840
101,840
-
25,000
25,000
-
-
-
10,575
10,575
-
-
-
4,990
4,990
-
-
-
-
-
-
24,290
-
24,290
4,500
-
4,500
2,000
-
2,000
2,500
-
2,500
-
-
-
-
-
-
13,000
-
13,000
-
17,342
17,342
2,514
2,514
-
-
-
71
71
86,653
165,682
252,335
39,290
104,425
143,715
Restricted
Unrestricted
Restricted Unrestricted
Funds
Funds
2024
Funds
Funds
2023
-
4,925
4,925
-
4,958
4,958
-
18,862
18,862
3,050
11,260
14,310
-
1,318
1,318
-
2,490
2,490
-
24,951
24,951
-
-
-
-
2,692
2,692
-
4,146
4,146
-
52,748
52,748
3,050
22,854
25,904

Page 10

CORALI DANCE COMPANY (A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March 2024

4 Analysis of Charitable Activity Costs
Staff costs
Associate fees and external commissions to artists
Artist activity costs
Transport costs
Rehearsal costs
Materials, props and costumes
Rent
Insurance
Telephone and postage
Printing and stationery
Consultancy
Subscriptions and publications
Sundries
Other charitable expenditure
Depreciation
Support Costs
Governance costs
Analysis by fund
Unrestricted funds
Restricted funds
Support
Costs
Governance
Costs
4 Analysis of Support and Governance costs
Marketing
4,498
-
Payroll administration
1,028
-
Independent examiner
-
1,750
Meeting costs
-
262
Accountancy
4,974
-
10,500
2,012
5 Employment costs
Wages and salaries
Statutory recoveries - SMP
Social security costs
Pension costs		 4 Analysis of Charitable Activity Costs
Staff costs
Associate fees and external commissions to artists
Artist activity costs
Transport costs
Rehearsal costs
Materials, props and costumes
Rent
Insurance
Telephone and postage
Printing and stationery
Consultancy
Subscriptions and publications
Sundries
Other charitable expenditure
Depreciation
Support Costs
Governance costs
Analysis by fund
Unrestricted funds
Restricted funds
Support
Costs
Governance
Costs
4 Analysis of Support and Governance costs
Marketing
4,498
-
Payroll administration
1,028
-
Independent examiner
-
1,750
Meeting costs
-
262
Accountancy
4,974
-
10,500
2,012
5 Employment costs
Wages and salaries
Statutory recoveries - SMP
Social security costs
Pension costs		 2024
76,731
47,014
60,820
5,209
778
1,224
8,484
907
399
17
12,133
1,255
-
4,804
91
219,866
10,500
2,012
232,378
144,585
87,793
232,378

2024
Support
Costs
4,498
2,658
1,028
1,894
1,750
-
262
-
4,974
-		 2023
81,415
53,247
21,177
5,434
16,128
2,787
6,931
842
460
218
3,850
997
1,493
9,242
27
204,248
4,552
2,511
211,311
152,505
58,806
211,311
Governance
Costs
2023
-
2,658
-
1,894
1,896
1,896
104
104
511
511
10,500
2,012		 12,512
4,552		 2,511
7,063
2024
82,032
(8,191)
798
2,092
76,731		 2023
76,973
-
2,149
2,293
81,415

Page 11

CORALI DANCE COMPANY

(A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March 2024

There were no employees with emoluments above £60,000 in the year. (2023 - none)

During the year the average number of employees was 4. (2023: 3)

During the year, none of the trustees received any remuneration from the trust and no expenses were paid for or reimbursed to any of them.

6
Tangible Fixed Assets
Cost
As at 31st March 2023
As at 31st March 2024
Depreciation
As at 31st March 2023
Charge for year
As at 31st March 2024
Net Book Value
As at 31st March 2024
As at 31st March 2023
7
Debtors
Trade debtors
Accrued income
Prepayments and other debtors
8
Creditors: amounts due within one year
Trade creditors
Accruals
9
Analysis of net assets between funds
in members funds
Fund balances at 31 March 2024 are
represented by:
Tangible assets
Current assets		 Furniture,
fittings &
equipment
Total
388
388
388
388
297
297
91
91
388
388
-
-
91
91
2024
2023
2,839
126
6,409
-
560
-
9,808
126
2024
2023
12,950
2,330
1,750
4,167
14,700
6,497
Unrestricted Unrestricted
Restricted
2024
general
funds
designated
funds
funds
-
-
-
-
168,884
48,776
15,908
233,568		 Furniture,
fittings &
equipment
Total
388
388
388
388
297
297
91
91
388
388
-
-
91
91
2024
2023
2,839
126
6,409
-
560
-
9,808
126
2024
2023
12,950
2,330
1,750
4,167
14,700
6,497
Unrestricted Unrestricted
Restricted
2024
general
funds
designated
funds
funds
-
-
-
-
168,884
48,776
15,908
233,568		 Total
388
388
297
91
388
-
91
9,808
126
2024
2023
12,950
2,330
1,750
4,167
14,700
6,497
Restricted
2024
funds
-
-
15,908
233,568
168,884
48,776		 15,908
233,568

Page 12

CORALI DANCE COMPANY

(A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March 2024

10 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

National Lottery Community Fund
SCOR
The Funding Network
Other small donations
Adberrahim Crickmay Charitable Settlement
City Bridge Foundation
St James Charitable Foundation
Criseren Foundation
Arts Council England
Previous year
National Lottery Community Fund
SCOR
The Funding Network
Other small donations
Siobhan Davies Studios
Adberrahim Crickmay Charitable Settlement
Baily Thomas Charitable Fund		 At 1 April
2023
Incoming
resources
Resources
expended
As at 31 March
2024
12,475
-
(12,475)
-
1,000
-
(1,000)
-
3,923
-
(3,923)
-
840
-
(840)
-
-
4,500
-
4,500
-
10,575
(3,206)
7,369
-
2,500
(1,310)
1,190
-
4,990
(1,625)
3,365
-
64,088
(63,414)
674
18,238
86,653
(87,793)
17,098
At 1 April
2022
Incoming
resources
Resources
expended
As at 31 March
2023
24,685
24,290
(36,500)
12,475
5,256
-
(4,256)
1,000
3,923
-
3,923
840
-
840
-
3,050
(3,050)
-
-
2,000
(2,000)
-
-
13,000
(13,000)
-
34,704
42,340
(58,806)
18,238

11 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

People's Postcode
Arts Council England
National Portfolio		 Balance at
1 April
2022
Movement
of funds
Balance at
1 April
2023
Incoming
resourses
Resources
expended
Balance at 31
March 2024
84,248
(39,295)
45,053
123,340
(144,617)
23,776
-
-
-
25,000
-
25,000
84,248
(39,295)
45,053
148,340
(144,617)
48,776

12 Related party transactions

There were no disclosable related party transaction during the year (2023 - none).

Page 13

CORALI DANCE COMPANY

(A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March 2024

13 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £2,092 (2023 - £2,293)

Page 14