Docusign Envdope ID.. 3721100A.CFEC4ABC.B82HB64652433C6 Registsred number.. 03636078 Charity number: 1073945 THE DOREEN BIRD FOUNDATION IA Company Llmlted by Guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 VINTHAMS Docusign Envdope ID.. 3721100A.CFEC4ABC.B82HB64652433C6 THE DOREEN BIRD FOUNDATIOM IA Company Limited by Guarantse) CONTENTS Page Rofvron¢o and admlnl$tratlve dots11$ of the Charlty. Its Tru$ts•$ and advi$•rs Trustsg$' rgport Independent auditors. r8port on tho financial statem•nts 10-13 Consolldated statoment of financlal activltles 14 Consolldated statoment of financlal posltlon Company 8tatsm•nt of flnanclal po8ltlon 16 Con$olldat•d stat•m•nt of cash Ilo 17 Notes to the financlal 8tatsm*nts Docusign Envdope ID.. 3721100A.CFEC4ABC.B82HB64652433C6 THE DOREEN BIRD FOUNDATIOM IA Company Limited by Guarantse) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2023 Trustees G. F. Pine. chaimlan S. A. Coen, CEO. joint principal (until 31 August 20221 and accounting officer of subsidiary trading college L. de Abreu, Principal (from 01 September 20221. joint principal lunlil 31 Augu51 20221 ol subsidiary trading colleoe S. J. Alkins J. P. Emery N. Patel S. R. Watson-FovAer P. Catterall {appoinled 10 January 20231 Company r¢glst•r•d numbor 0￿36078 Charity rogistor•d numbor 1073945 Roglstored office Monkstone House Cty Roa¢J Peterborough PE1 1JE Chb•f •x•cutl¥• officor S. A. Coen Independent audltorJ Venlhams Chartered Accountsnts Statutory Auditor Summit House 12 Red Lion Square London WC1R 4QH Bankor# Barclays Bank ple Bexleyheath Busine$$ Centre Kent Soll¢ltors Greenwoods Legal LLP Monkstone House Cty Road Peterborough PE1 1JE Page 1 Docusign Envdope ID.. 3721100A.CFEC4ABC.B82HB64652433C6 THE DOREEN BIRD FOUNDATIOM IA Company Limited by Guarantse) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2023 The Trustees present their annual report together with the audited financial stslemenls of the Charity for the year 1 August 2022 10 31 July 2023. The Annual Report seNes the purposes of both a Trustees, ￿port and a directors. report under company law. These documents. together wth the auditor's report, form the financial ststements for the year. The Trustees confirm that the Annual Report and financial stslements of the charitable company comply with the current 51alutory requirernents under the Companies Act 2006. the requirements of the charitable company's goveming documents and the provisions of the Slatemenl of Recommended Practice ISORPI applicable lo Charities preparing their accounts in accordance wth the Finanaal Reports'ng Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 2015) as amended by Update Bulletins 1 and 2. The director5 01 the Company are ts Trustees for the purpose of charity law and throughout Ihiy report are collectivety referred to as'the Trustees". The Doreen Bird Foundation is referred lo in this annual report and financial statements as 'lhe Charty" the Company" and 'lhe Foundation" The subsidiary company, The Doreen Bird College of Petforming Arts Limited is referred to in this annual report and financial statements as "the College" and 'lhe Subsidiary" The Charity and the College together are referred lo as'the Group" The Doreen Bird Foundation is a limrted company incorporated on 22 September 1998 under the Companies Acts.and is also a reglstered chanty. The company is limrted by guarantee and does not have a Share capital.11 is exempt from using the word Llmiled In the name of the company. On 22 February 1999 Mrs D J Cook and Mr F E Cook transferred their holdings of 900 and 100 shares respectively in the Doreen Bird College of Performing Arts Limited to The Doreen Bird Foundats'on. These have been included in the financial slalement5 al the estimated value al the date of transfer. Mrs D J Cook died on 4 Febwary 2004. By her wll she left the charity three properties under a permanent endowment subject to the payment by the Charity ol the expenses of the estsle including inheritance lax. These were included as tangible fixed assets but were sold in a previous year and replaced by a further asset which was acquired for and is being developed lor the purposes of the trade of the Subsidiary. Page 2 Docusign Envdope ID.. 3721100A.CFEC4ABC.B82HB64652433C6 THE DOREEN BIRD FOUNDATIOM IA Company Limited by Guarantse) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 OBJECTIVES AND ACTNITIES a. Policies and objectives As stated in the A￿'¢le$ of As$￿13b0n, the Charitls objects are reslrided specifically, in each case for the public benefit. to.. advance the education ol the public in the study of performing arts. dance. drama, singing and related subjects." to promote the fjevelopmenl of ed(￿ats.0n in the perfonning arts of dance and drama, signing and related subjects in college'$, Schools and other educational estsblishments.. and. promote the development of facilities for the leaching arKI performance of perfoming arts, dance. drama. singing and related subjects. In setting objectives and planning for activities. the Tnjstees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity IP821'. b. Strateglas for achievlng obJ•ctlves To achieve ils objectives the Charity provides scholarships. bursaries and awards lo applicants to attend courses and provides support lo establish an¢J maintain any college. sch¢)ol. or education body where students may be educated in performing arts, dance. drama, $inging and related subjects. ¢. Actlvltlos undertaken to a¢hleve obJe¢tlv•s The Charty has provided support to students of the College by way of providing bursaries and other financial Support towards students, tuition fees. Some of these bursaries were allocated from reslncled funds a5 the awarding of these funds confoms to the restn"cbons F4aced on these funds vthen they were given lo the company. The Charity receives a market renl from the subsidiary for the buihjing provided by the Chanty to the College for the purposes of the College's trade. The costs incurred on the acquisition an(J refurbishment of the new p￿miseS mentioned above have been either finan¢ed from the cash reserves of the Subsidiary land therefore reflected in the balance on the inler¢ompany a¢countl or from bank loans granted by the Charity's banker or from the sale proceeds of the three proPe￿e$ bequeathed to the Charity under the TrMII of the Founder, Mrs. Cook. Page 3 Docusign Envdope ID.. 3721100A.CFEC4ABC.B82HB64652433C6 THE DOREEN BIRD FOUNDATIOM IA Company Limited by Guarantse) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 ACHIEVEMENTS AND PERFORMANCE a. Main achievements of the Charity The Charity has continued to provide support to its trading subsidiary by way improvement of the site occupied by the Subsidiary and the provision of bursaries for students. The Subsidiary pays a market rent for the property which is used for the servicing of the bank loans that were taken OLrt to purchase and improve the site. b. Koy p•rfomianc• Indl¢atoYs The Charity has not set any Key Performance Indicators. c. R8viaw of activiti8S The results for the year are as sel out in the consolidated statement of financial aclivrties. The Subsidiary achieved a surplus for the year vthich wll be passe¢J lo the Charity as a Gift Aid donation in the lollwng year allowing the Charity to fund future rts charitable expenditure and the development of the site for the College. d. Fundralslng a¢tlvltlo6 and Incomo generatlon The Charity undertakes no direct fund raising but received income from the letting of its premises to the subsidy. a ctsnlribulion from the University who support the actsvits.es of the trading subsidiary and from miscellaneous donations. g. Invastmant pollcy and p•rlomianc All funds are helfj for short term use and are the￿fore mainlaine of The College's revenue was ultimately publicly funded and this level of requirement is expected to contsnue. There can be no assurance that government policy or practice will remain the same or Ihat public fvnding will continue at the same levels or on the same terms. Page 5 Docusign Envdope ID.. 3721100A.CFEC4ABC.B82HB64652433C6 THE DOREEN BIRD FOUNDATIOM IA Company Limited by Guarantse) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 The College is aware of several issues vthith may impact on fvture funding- The fundin9 may cease erther through the actions of a change in Govemment Policy, the performance of the students of The College or a change in criteria of the fvnding bodies which may mean The College no longer qualifies for lunding., The levels of funding may be reduced The risk is mits'gated in a number of ￿aYS..- Funding 15 derived through a number of direct and indirect ￿￿tradUal arrangements. By ensuring The College is rigorous in delivering high quality education and training. Considerable focus and investment is plawl ¢)n maintaining and managing key relationships wth the various funding bodies. Ensuring The College focuses on those priority sectors which wll contsnue lo benefit from public funding. Regular dialogue vAlh funding bodies. Rlsk: L8glslatlon and hoalth and safety In line wlh other Colleges and bu5ine55es, The College is exposed to the risk of action by existing staff, students or members of the public from the failure lo operate the business in accordance ￿th current legislation including that covering health and safety matters. The risk is mitl9aled in a number of ways... Setting up a health and safety $utrrcommittee lo look at all aspects of health and safety. Appointment of an operat￿n$ Manager and addrtional premises supeNisors. Engaging a specialised health and safety company to carry out fomial risk assessments on the assets of The College. Engaging a specialised human resources company lo ensure that all staff matters are in accordance wf(h the relevant legislatson. Ensuring that all staff receive adequate training in healih and safety matters. STRUCTURE GOVERNANCE AND MANAGEMENT *. Constitution The Doreen Bird Foundation is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. On 7 December 2021 the Charity adopted new Articles ol Association designed to reflect modern practices and procedures. Page 6 Docusign Envdope ID.. 3721100A.CFEC4ABC.B82HB64652433C6 THE DOREEN BIRD FOUNDATIOM IA Company Limited by Guarantse) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 STRUCTURE GOVERNANCE AND MANAGEMENT (continued) b. Mèthods of appointsnont or •18ction of Trustsos The management of the Charty is the Te5ponsibilty of the Trustees. The Trustees are elected under the temis of the Articles of Associabon which slate that the number of trustees shall not be less than three but shall not be subject to any maximum. The first trustees were appointed under the Artides of Association and subsequent trustees may be appointed to be a Trustee by a resolution of the Trustees. The usual term of office for a Trustee shall be three years at the end of which they shall reb're but are elwible for reappointment by the Trustees for up to a further two term5, each of three years. On appointment as a Trustee the individual becomes a member of the Chanty. The Charity has no staff so all de￿s1OnS are made by the Trustees. The Trustees yerving in thè year and since the end of the year are get out on pagè 1 of thèse financial stslements. . Polic188 adoptsd for the induction and traSning of Truste09 No specrfic policies have been adopleil for the inducts'on and training of Iruslees. d. Pay pollcy for kèy managèm•nt por*onn There are no key management personnel employed directly by the Charity. The pay Policy for the key management personnel employed by the trading subsidiary 1$ detemiined by the Board of Directors of the subsidiary. •. Flnanclal rlsk managgmfjnl The Trustees have assessed the major risks to which the Group and the Charity are exposed, in particular those related lo the operations and finances of the Group and the Charrty. and are satisfied that systems and procedures are in place to mrtigale exposure to the major ri$k$. PLANS FOR FUTURE PERIODS The new site provided for the trading subsidiary has now been fvlty occupied by the Subsidiary, but there is a continual and on going need to look at expansion of this sile. The Charity's bankers conts'nue lo provide additional support lo undertake thi5 expansion. This include5 the Charity providing the Subsidiary with modular buildings acquired by means of finance leases lo be used a addib'onal classrooms. TRUSTEES. LIABIUTY The trustees of the Charity are are required to become members of the Charity and guarantee to Contribute an amount not exceedin9 £10 to the assets of the Charity in Ihe event of winding up. Page 7 Docusign Envdope ID.. 3721100A.CFEC4ABC.B82HB64652433C6 THE DOREEN BIRD FOUNDATIOM IA Company Limited by Guarantse) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Statement of Tru$teey' respon$ibilitie$ The Trustees (who are also the directors of the Charity for Ihe purposes of company lawl are responsible for preparing the Trustees. Report and the financial statements in accordance wth applicable law and United Kingdom Accountsng Standard5 Iunited Kingdom Generally Accepted Accounting Praclicel. Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees musl not approve the financial statement5 unless they are satisfied that they give a true and fair view of the slate of affairs of the Group and the Charity and of their incoming resources and applicab.on of resources, including their income and expendrture, for that period. In preparing these financial statements. the TnJstee$ are required lo.. select suitable accounting policies and then apply them consistenuy.. observe the methods and principles of the Charities SORP IFRS 1021.. make judgements and accountsng estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any matèrial departures disclosed and explaine(l in the financial statements". prepare the financial Slalements on the going coneem basis unless il is inappropriate lo presume that the Group wll ¢onlinue in business. The Tru51ees are Tesponsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose %wth reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply wlh the Companies Act 2008. They are also responsible for safeguarding the assets of the Group and ihe Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. DISCLOSURE OF INFORMATION TO AUDITORS Each of the persons who are Tnjstees at the time vthen this Trustees. Report is approved has confirmed Ihal.. so far as that Trustee is awa￿. the￿ is no ￿levant audit infomalion of which the charitable group's auditors are unaware, and that Trustee has tsken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audrt information and to establish that the charrtable group's auditors are aware of that information. AUDITORS The auditors, Venthams, have indicated their wllingness to continue in office. The designated Trustees will propose a motion reappointing the auditor5 al a meeb.ng of the Trustees. Page 8 Docusign Envdope ID.. 3721100A.CFEC4ABC.B82HB64652433C6 THE DOREEN BIRD FOUNDATIOM IA Company Limited by Guarantse) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Approved by order of the members of the board of Trustees and signed on their behalf by.. G. F. Pine Direclorllruslee and chair Dale Directorltruslee 20 December 2023 20 December 2023 Page 9 Docusign Envdope ID.. 3721100A.CFEC4ABC.B82HB64652433C6 THE DOREEN BIRD FOUNDATIOM IA Company Limited by Guarantse) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE DOREEN BIRD FOUNDATION Opinion We have audited the financial ststements of The Doreen Bird Foundation (the 'parent charitable COTnpany'l and ils subsidiaries Ithe 'group'l for the year ended 31 July 2023 which comprise the Consolidated Statement of Financial Activities, the Con501idaled Statement of Financial Position. the Company Slalemenl of Financial Position. the Consolidated Stslement of Cash Flows and the relate(1 notes. induding a summary of significant a¢¢ounting policies. The finanual reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounts'ng Practicel. In our opinion the financial $tstements'. give a true and fair view of the state of the Group's and of the parent charitable company's affairs as al 31 July 2023 and of the Group's incoming resources and application of resource5, including Ils income and expenditure for the year then ended, have been properfy prepared in a￿ordance United Kingdom Generally Accepted Accounb'ng Practice.. and have been prepared in accordance wth the requiremenls of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance wlh Inlemalional Slandarils on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are fvrther described in the Auditors. responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance wth the ethical requirements that are relevant to our audit of the finanaal statements in the United Kingdom, including the Finanual Re￿rtIng Counthl's Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance wth these requirements. We believe that the audit ewdence we have obtained is suffici&nt and appropriate lo provide a basis for our opinion. Concluyion$ r•lating to going c¢)n¢orn In auditing the finanaal statements, we have concluded that the Trustees. use ol the going concern basis of Iccounling in the preparation of the financial statements is appropriate. Based on the work we have perfomied. we have nol identtfied any material uncertainties relating lo events or conditions that, individualty or collectively, may cast signfficant doubt on the Group's or the parent charitable company's ability to continue as a going concem for a period of al least tsvelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees vAlh respect to going concem are described in the relevant sections of this report. Page 10 Docusign Envdope ID.. 3721100A.CFEC4ABC.B82HB64652433C6 THE DOREEN BIRD FOUNDATIOM IA Company Limited by Guarantse) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE DOREEN BIRD FOUNDATION ICONTINUEDI Other Infomiatlon The other information comprises the information induded in the Annual Report other than the financial 51alements and our Auditors, Report Ihereon. The Tru5tee5 are responsible for the other infomialion contained within the Annual Report. Our opinion on the financial slalemenls does not cover the other Inftsrmation and, except lo the exient othemse explicrtly slated in our report. we do not express any form of assurance ¢on¢lusion thereon. Our responsibility is to read the other infomation and, in doing so, consider whether the other inforrnation is materially inconsistent wth the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If ¥￿ identify such material incon51Stencies or apparent material misslalemenls, we are required lo determine whether this gives rise lo 3 material misslalemenl In the financial slalemenls themselves. If. baseil on the work have perfomied, we conclude that there is a material misslalemenl of this other inlomiatson, %%e are reqUI￿d to ￿pOrt that fact. We have nothing to report in this regard. Opinlon on othor matters prescr5bed by the Compani•s Act 2006 In our opinlon, based on the work undertaken in the course of the audit.. the information given in the Trustees. Report for the financial year for vthich the financial stslementg are prepared is consistent wth the financial Slatemenls. the Trustees, Report has been prepared in accordance applicable legal rèquirements. Mattor• on whSch wo are requlred to report by •xceptlon In the light of our knO%￿edge and understanding of the Charitable eompany and ils environment obtained in the course of the audrt. we have not identified material misslalemenls in the Trustees, Report. We have nothing lo report in respect of the following matters in relat￿￿ to %thich Companies Act 2006 requires us lo report to you if, in our opinion.. the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not Vi511ed by us,. or the parent charitable company financial statements are not in agreement with the accounting records and relums.. or certain disclosures of Trustees, ￿m￿neration specified by law are not made." or we have not received all the informatson and explanations we require for our audit. Re$pon$ibilitie$ of trustees As explained more fully in the Trustees. Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purpose5 of company lawl are responsible for the preparatson of the financial statement5 and for being sa115fied that they give a true and fair wew. and for such internal control as the Trustees delemiine is necessary lo enable Ihe preparalion of financial stslements that are free from material misstatement, whether due to fraud or error. In preparing the fin8nci81 st8tewnents. the Trustee$ are responsible for assessing the Group'$ and the parent charitsble company's ability to ¢onbnue as a going ¢oncem. disclosing. as appli¢able. matters related lo going concern and using the going concern basis of accountsng unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic altemative but to do so. Page 11 Docusign Envdope ID.. 3721100A.CFEC4ABC.B82HB64652433C6 THE DOREEN BIRD FOUNDATIOM IA Company Limited by Guarantse) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE DOREEN BIRD FOUNDATION ICONTINUEDI Audltors. r•sponslbllltl•s for tho audlt of th• financial $tatsm•nts Our objectives are to obtain reasonable assurance about ￿ether the financial statements as a whole are free from material mi5Stalement. whether due to fraud or error, and to Issue an Audilor5' Report that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audrt conducted In a¢¢ordan¢e with ISAS IUKI VAII atways detect a material misststement when rt exists. Misstalemenls can arise from traud or error and are considered material if, individualty of in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, induding fraud, are instsnces of non-compliance wlh laws and regulations. We design procedures in line with our responsibilibes, outlined above, to detect material misststements in respect of irregularities. including fraud. The extent lo vthich our procedures are ¢apabbe of dele¢ting ifregularrtie$, including fraud 1$ detailed below.. Our approach to identifying and assessing the risks of material misslatemenl in ￿SpeCt of irregularities. including fraud and non-compliance with laws and re9ulalions. was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills lo idenlfy or recognise non