OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Corali Dance Company

2025-03-31-accounts

CORALI DANCE COMPANY

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

REPORT AND FINANCIAL STATEMENTS

31ST MARCH 2025

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 2025

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 2025
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 Stood down September 2024
Dr S O Jarrett Stood down February 2025
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
Senior Staff
Sarah Archdeacon, Artistic Director
Bridget Chew, Associate Artistic Director
Jacobus Flynn, Associate Artistic Director
Housni Hassan, Associate Artistic Director
Arianna Carloni, General Manager
Nicola Rayworth, Outreach and Engagement Manager (from January 2025)
Bankers
Charity Bank
Fosse House
182 High Street
Tonbridge
Kent
TN9 1BE
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 2025

Report of the Trustees

The Trustees present their report and accounts for the year ended 31 March 2025.

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

April 2024 – March 2025 was a wonderfully successful year for Corali, widening our audiences across the UK and featuring four highprofile and ambitious projects: Phantasia, Leadership in Action, Finding Ivy and Kick Up youth company projects.

Phantasia was our exciting new performance programme led in partnership with The Place, London. The project kick-started in July with our dancers taking part in Choreodrome , The Place’s own prestigious dance development programme. We collaborated with artists Mark Beldan and Matt Webb to develop two new performances that were premiered at the Place in March 2025, alongside a work-in-progress by Kick Up, our youth company. The premiere was accompanied by a photographic exhibition by artist Jon C Archdeacon, that captured the creation process of Phantasia .

“It was such a high-quality production with unique and interesting choreography and beautiful sound. Loved it!” Audience comment, Phantasia, March 2025

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 2025

Leadership in Action, Corali’s dance leadership development programme, saw us working in partnership with People Dancing to deliver the first ever national learning-disabled dance leadership symposium. The day took place at Attenborough Arts in Leicester in June 2024. The sold-out event included Things to Remember, performed by Corali dancers, as well as workshops and discussions. 100% of attendees expressed that they would value a follow-up event.

“Everyone has a really strong voice if you give them a chance.” “Coming together is so impactful!” Leadership in Action participants, June 2024

In January 2024, we began an impactful partnership with the Percussion Orchestra at City Lit, exploring the difficult subject matter of British-born individuals with learning disabilities who were victims of the Nazis’ Aktion T4 programme. This culminated in a performance at City Lit in May 2024.

Kick Up youth company performed at Brixton House in July 2024, showcasing the culmination of their studio practice over the year, incorporating spoken word, movement and film. The film element will now tour as an independent artwork under the title Frame Work. In February 2025, Frame Work was selected and screened at U.Dance regional platform at Trinity Laban in London.

“Our young people freely expressing themselves, their focus and commitment and their faces once they have seen themselves on the big screen !” Kick Up parent

Our engagement and outreach work continued to blossom in 2024-25. Our programme of classes (two community classes, a youth company class and a professional development class) continue to be well-attended and are a great bedrock for our annual activities. They also provide a connection to the wider community of people with a learning disability. During the year we completed the first year of our new facilitator course to enable dancers with a learning disability to develop workshop-leading skills.

Our outreach programme, co-delivered by a tutor with a learning disability, comprised workshops at local and national special schools including Artsmark schools, and for London-based community groups. We led dance leadership workshops at Fabric in Birmingham, and for the People Dancing summer school in Leicester, as well as online. We were delighted to lead our summer intensive Are You Ready at Brixton House and to deliver a special workshop at The Curve gallery, Barbican in London.

‘Inclusivity embodied!’ People Dancing Summer School

Over 1200 audience members attended our live performance and film screenings, 418 people took part in our engagement programme and we reached 75,600 people on social media.

Developing our sustainability and structure

We are grateful to our high impact team, which for this period was made up of 3 part-time staff and 3 key organisational associates. Arianna Carloni - who joined the team as General Manager in November 2023 - has become a valuable team member, being the great combination of friendly and hardworking! Nik Rayworth continues to drive our engagement and outreach programme with energy and enthusiasm, and she moved from an associate position to a PAYE employee. Our organisational associates were Kate Sarley as Finance Consultant, Jennifer Dyer as Fundraising and Impact, and Saskia Horton as Inclusion and Access. Notably, in 2024-25 Jennifer’s accessible evaluation research was nominated for a Digital Cultural Award by Arts Council England (ACE), and Saskia launched our new governance advisory group, Corali Voice. Corali Voice is made up of representatives from our annual programme, and is a vital addition to our structure, ensuring the voices of our learning-disabled community are represented at board level and providing a new dynamic to our decisionmaking processes. Our artistic, engagement and outreach programmes continue to be delivered by our excellent, talented and committed team of artistic associates, including our three Associate Artistic Directors: Housni Hassan, Jacobus Flynn and Bridget Chew.

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 2025

Simon Jarrett, our chair of eight years, stepped down in February. Although his tenure was due to end in 2023, he took up a cochair role with Lindsey Pugh to support the embedding of a new staff structure. Lindsey Pugh then became chair in February. We are excited to work with Lindsey in this capacity. We are so very grateful to Simon for his excellent stewardship during his time as chair and look forward to keeping in contact with him.

Sarah Frankenburg stood down as trustee in September 2024, after nine years. We are so grateful to Sarah for her commitment and input over this period. She continues to keep in touch with the company and is in the process of setting up an informal group of ex-Corali trustees called the Corali Chorus . In February we ran a successful trustee recruitment campaign, and two new trustees joined the board in May 2025.

In October 2024 we held a whole company away day at Siobhan Davies Studios, expertly facilitated by consultant Jan Winter. The morning provided the opportunity to work with the board to approve a new team structure (see below in Plans for the Future), and the afternoon brought everyone together to dreamscape future projects/partnerships and ensure an exciting and galvanised company vision.

With an office revamp at the end of March 2025, we continue to enjoy our base as part of the creative hub at Carlton Mansions, the offices adjoining Brixton House. All our regular annual programme classes continue to take place in the theatre's state-of-the art studios.

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 aged 8-14, in partnership with Brixton House. We also took part in Cabrolé in November 2024, a new partnership with the company Eric Longa.

Financial review

We are extremely grateful to all our funders for their continued support of the company.

2024–25 was the second year of our 3-year National Portfolio (NPO) grant from Arts Council England (ACE). This grant has now been extended by ACE until March 2027, in recognition of turbulent economic times and a change in government. The grant is of £101,840 per year, including an additional uplift grant of £64,500, providing a firm foundation for our finances as well as supporting the company’s overall continued ambitions.

This was the first full year of our 5-year grant of £132,000 from City Bridge Foundation. This grant contributes to our annual programme of classes, as well our new facilitator training course, Aspire, and our governance advisory group, Corali Voice.

In February 2025 we heard the good news that we had secured a grant of £5,250 from Abderrahim Crickmay Charitable Settlement, towards our performance programme Phantasia . We were delighted to receive a second generous grant from this funder, who had also supported the project’s research and development in 2024.

We were delighted to receive grants from three new funders: £5,937 from The True Colours Trust towards our summer intensive and youth company programme; £3000 from the Three Monkies Trust towards our youth engagement work; and £3000 from the Garrick Charitable Trust towards our Phantasia performance programme. St. James’s Place Charitable Foundation gave a grant of £1,500 towards our youth company programme, and we are hugely grateful to them for funding us for a second year running. We completed our Monitoring and Evaluation project funded by the CriSeren Foundation and are hugely grateful for their continued and ongoing support of Corali.

The 2024–25 deficit was covered by the surplus generated in 2023–24. The 2023–24 surplus was primarily due to one-off income: an Arts Council project grant (to tour the main company work) and a backdated Theatre Tax Relief (TTR) claim. From now on, we will record TTR claims in the financial year in which they are received.”

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 2025

During the previous financial year, under the guidance of our Finance Consultant, we conducted a finance system review that led to bringing payroll and bookkeeping in-house. This resulted in a reduction in support costs in this financial year.

Reserves Policy

As of March 31, 2025, Corali held a total of £204,451 in unrestricted reserves. Of this, £75,712 as an operational reserve designated winding-down fund, £50,000 designated reserve funds towards artistic costs, and free reserves of £78,739. The operational reserves are to cover core activity in the event of a period of unforeseen difficulty or needing to wind up the charitable company in an ordered and proper fashion. The company reserves policy is reviewed by the finance sub-committee annually and approved by the Trustees.

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

Corali has exciting and ambitious plans to tour the new performance and film work we created during the year. We are in conversation with The Mount Without in Bristol to present Phantasia in early 2026 and we will return to The Place with an extract of the work, including an informal seminar about our practice, in September 2025. Two company films are touring: Dancing to Art (2019) is being shown at the BFI as part of a celebratory weekend of disabled filmmaking, and our youth company film Framework (2024) is being screened as part of U.Dance National Festival at Sadler’s Wells East.

We continue to develop our partnerships: we are in discussion with People Dancing to develop a follow-up dance leadership symposium in tandem with our own dance leadership development programme; we are taking part in a second Cabrolé event at the South Bank; and are in discussions with Thick & Tight to be part of the national tour of their dance programme Natural Behaviour .

In October 2024, Artistic Director Sarah Archdeacon worked with consultant Jan Winter to revise and refine Corali’s organisational structure as a way to further develop the impact, ambition and succession of our small team. The proposed structure was scrutinised by the board at our October away day and approved at our December board meeting. This plan came into operation in April 2025, and features a complete staff review, including the creation of a new post and the position of General Manager becoming Senior Producer.

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 Stood down September 2024 Ms J Akinwumi-Reid Dr S O Jarrett Stood down February 2025 Ms L B Pugh Mr S Caseley Ms S L Moore Ms D J M Robinson Ms D R Potter Ms B van Heel (Treasurer)

As set out in the Articles of Association, the chair and new trustees are nominated and elected by members of the board. Trustees serve up to two three-year terms, unless a third term is agreed at an EGM.

Page 5

CORALI DANCE COMPANY (A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL) DIRECTORS, AND TRUSTEES, REPORT (continued) forthe year ended 31st March 2025 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 fvll board and vice versa. During this period, Dr S Jarrett (Chair) and Ms S Frankenburg resigned as trustees. We are so grateful for their commitment and support over their tenure and are looking forward to stsying in contact with both of them. The board of trustees (which can have up to 10 members) administers the charitsble company, and meets four times a year. Sub-committees (such as finance and development) are set up when appropriate and necessary. An artistic director, general rnanager (now senior producer) and engagement and outreach manager are recruited bythe board to manage the charitsble company's day-to-day activities. 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 affalrs ofthe company and of the results of the company for that period. In preparlng those financlal statements. the dlrectorsltrustees are requlred to: select suitable accounting policies and then apply them consistenly. observe the methods and principles in the Charities SORP,. make judgements and accounting estimates that are reasonable and prudent; stste whether applicable UK a¢counting standards have been followed, Subject to any material departures disclosed and explained in the financial ststements. prepare the financial statements on the going concern basis unless it is inappropriate to presume thatthe company ￿711 continue in business. The directorsltrustees are responsible for keeping proper accounling records which disclose with reasonable accuracy at any time the financlal position ofthe company and to enable them to ensure that the financial statements compty V¥ith 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 detecb'on of fraud and other irregularitles. Disclosure of Infomiation to examlnar So far as each director at the date of approval of this report18 aware.. there is no relevant information of thich the companys examiner is unaware; and the directors have tsken all steps that they ought to have taken to make themselves aware of any relevant Information and to 8Stabli8h that the auditors are aware of that information. pproved by the board on and signed on their behalf by Director 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 2025

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 2025 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.

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 2025

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
2025
Restricted Unrestricted
2024
Funds
Funds
Funds
Funds
£
£
£
£
£
£
52,175
125,417
177,592
86,653
165,682
252,335
-
52,675
52,675
-
52,748
52,748
52,175
178,092
230,267
86,653
218,430
305,083
62,310
184,732
247,042
87,793
144,585
232,378
62,310
184,732
247,042
87,793
144,585
232,378
(10,135)
(6,640)
(16,775)
(1,140)
73,845
72,705
17,098
216,470
233,568
18,238
142,625
160,863
5,379
(5,379)
-
-
-
-
12,342
204,451
216,793
17,098
216,470
233,568

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 31$t MARCH 2025 Note 2025 2024 Tangible Fixed A$s•ts Current assets Debtors Cash at bank and in hand 9,616 219,461 9,808 238,460 729,077 248,268 Creditors.. amounts falling due within one year 12,284 14,700 Net current (liabilities)l assets 216,793 233,568 Total assets less current liabililies 216 793 Funds Restricted Funds 12,342 17,098 Unrestricted Fund$ 204.451 216,470 Total Fund$ 216,793 For the year ended 31 March 2025 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 wth section 476 ofthe Companies Act 2006. The directors acknO￿edge their responsibility for: i. ensuring the company keep8 accounting records ￿1¢h comply with sectlon 386; and ii. preparing accounts which give a true and fair view of the state of affairs ofthe 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 ich otherY￿Se 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 wth the special provisions in Part 15 applicable to companies subject to the small Companies, regime under Companies Act 2006 and constitute the annual a¢counts required by the Companies Act 2006 and are for circulation to members ofthe company. Approved by the board on and slgned on Iheir behalf by -Director 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 2025

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 2022) - (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 Foundation
CriSeren Foundation
Garrick Charitable Trust
Abderrahim Crickmay Charitable
Settlement
St James Place Charitable
Foundation
Baily Thomas Charitable Fund
The True Colours Trust
Three Monkies Trust
Donations and gifts
3
Charitable Activities
Engagement fees
Performance fees
Training fees
Theatre Tax Relief
Other		 Restricted
Unrestricted
Restricted Unrestricted
Funds
Funds
2025
Funds
Funds
2024
-
-
-
64,088
-
64,088
-
123,340
123,340
-
123,340
123,340
-
-
-
-
25,000
25,000
21,488
21,488
10,575
10,575
-
-
4,990
4,990
3,000
-
3,000
-
-
-
5,250
-
5,250
4,500
-
4,500
1,500
-
1,500
2,500
-
2,500
12,000
-
12,000
-
-
-
5,937
5,937
3,000
3,000
-
2,077
2,077
-
17,342
17,342
52,175
125,417
177,592
86,653
165,682
252,335
Restricted
Unrestricted
Restricted Unrestricted
Funds
Funds
2025
Funds
Funds
2024
-
5,336
5,336
-
4,925
4,925
-
7,443
7,443
-
18,862
18,862
-
4,573
4,573
-
1,318
1,318
-
32,867
32,867
-
24,951
24,951
-
2,456
2,456
-
2,692
2,692
-
52,675
52,675
-
52,748
52,748

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 2025

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
196
-
Payroll administration
209
-
Independent examiner
-
1,750
Meeting costs
-
-
Accountancy
3,179
-
3,584
1,750
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
196
-
Payroll administration
209
-
Independent examiner
-
1,750
Meeting costs
-
-
Accountancy
3,179
-
3,584
1,750
5 Employment costs
Wages and salaries
Statutory recoveries - SMP
Social security costs
Pension costs		 2025
76,737
82,711
58,580
3,273
671
2,851
8,767
1,014
501
8
491
1,313
1,568
3,223
-
241,708
3,584
1,750
247,042
184,732
62,310
247,042

2025
Support
Costs
196
4,498
209
1,028
1,750
-
-
-
3,179
4,974		 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
Governance
Costs
2024
-
4,498
-
1,028
1,750
1,750
262
262
-
4,974
3,584
1,750		 5,334
10,500		 2,012
12,512
2025
73,116
-
2,093
1,528
76,737		 2024
82,032
(8,191)
798
2,092
76,731

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 2025

There were no employees with emoluments above £60,000 in the year. (2024 - none)

During the year the average number of employees was 3. (2024: 4)

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 2024
As at 31st March 2025
Depreciation
As at 31st March 2024
Charge for year
As at 31st March 2025
Net Book Value
As at 31st March 2025
As at 31st March 2024
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 2025 are
represented by:
Tangible assets
Current assets		 Furniture,
fittings &
equipment
Total
388
388
388
388
388
388
-
-
388
388
-
-
-
-
2025
2024
1,904
2,839
-
6,409
7,712
560
9,616
9,808
2025
2024
10,183
12,950
2,101
1,750
12,284
14,700
Unrestricted Unrestricted
Restricted
2025
general
funds
designated
funds
funds
-
-
-
-
202,744
1,707
12,342
216,793		 Furniture,
fittings &
equipment
Total
388
388
388
388
388
388
-
-
388
388
-
-
-
-
2025
2024
1,904
2,839
-
6,409
7,712
560
9,616
9,808
2025
2024
10,183
12,950
2,101
1,750
12,284
14,700
Unrestricted Unrestricted
Restricted
2025
general
funds
designated
funds
funds
-
-
-
-
202,744
1,707
12,342
216,793		 Total
388
388
388
-
388
-
-
9,616
9,808
2025
2024
10,183
12,950
2,101
1,750
12,284
14,700
Restricted
2025
funds
-
-
12,342
216,793
202,744
1,707		 12,342
216,793

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 2025

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:

Adberrahim Crickmay Charitable Settlement
City Bridge Foundation
St James Place Charitable Foundation
CriSeren Foundation
Arts Council England - Project Grant
Baily Thomas Charitable Foundation
Garrick Charitable Trust
Three Monkies Trust
The True Colours Trust
Previous year
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		 At 1 April
2024
Incoming
resources
Resources
expended
As at 31 March
2025
4,500
5,250
(9,750)
-
7,369
21,488
(25,030)
3,827
1,190
1,500
(1,190)
1,500
3,365
-
(2,000)
1,365
674
-
(674)
-
-
12,000
(7,480)
4,520
-
3,000
(2,452)
548
-
3,000
(2,418)
582
-
5,937
(5,937)
-
17,098
52,175
(56,931)
12,342
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

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
2023
Movement
of funds
Balance at
1 April
2024
2025
Incoming
resourses
2025
Resources
expended
Balance at 31
March 2025
45,053
(21,277)
23,776
123,340
(147,116)
-
-
25,000
25,000
-
(25,000)
-
45,053
3,723
48,776
123,340
(172,116)
-

12 Related party transactions

There were no disclosable related party transaction during the year (2024 - 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 2025

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 £1,528 (2024- £2,092)

Page 14