R J C PRODUCTIONS LIMITED (A Company Llmlted by Guarant•o) UNAUDITED FINANCIAL STATEMENTS Year ended: 31 March 2024 Charity no: 1077369 Company no: 3458069 RJC PRODUCTIONS LIMfTED (A Company Limited by Guarante&) DIRECTORS. REPORT 31 March 2024 The directors are pl8ased to present thelr annual directors, report together with the finanGial statements of the charity for th8 year ending 31 March 2024 which are also prepared to meet the requlrements for a directors, report and accounts for Companies Act purposes. The financial ststèments comply with th8 Charltles Act 2011, the Companles Act 2006. the Memorandum and Articles of Association, and the Charities Stalement of Recommended Practice {°Charitles SORP.) (applicable to charities pr8paring their accounts in accordance with the Financi81 Reportlng Stsndard applicable in the UK and Republic of Ireland,. FRS 102) issued in October 2019. OUR PURPOSES AND ACTIVITIES Tho GoMpan￿S objects and prlnclpal activities are to provide dance tralning, perforniance I entertainment and education. In shaping our objectives for Ihe year and planning our activilies we have Considered the Charity Commisslon's guld8nce on public benefit, including the guidance "publiG bgnefit runnlng a charity and the Companies Act 2006. RJC Produotlons Llmlted meets the definition of a public beneflt entity under FRS 102. Assets and liabillties are initially recognised at historical cost or transaction value unless otherwise stated In the relevant accounting policy notes. Golng Concern The trustees consider that there are no materlal uncertainties about the charitable company's ability to continue as a going conGern. The trustees do not conslder that there are any sources of estlmatlon uncertainty at the reporting date that have a signrficant risk of causing a material adjustment to the carrying amounts of assets and liabilitles wlthln the next reporting perlod. Income ReGognition Policles Items of income are recognised and indud&J in the accounts when all of the following criteria are met,. The charity has entitlament to the funds", any performance condltions attached to the item(s) of income have been met or are fully wifhin the control of the charily; there Is sufficient certainty fhat receipt of the income is considered probable; and the amount can be measured rellably. Donated Servlces and Facilltles Donated services or facilities are reoognised as income when the charlty has control over the item, any condltlons assoclated with the donated item have been met, the receipt of economic benefit from the use by the charlty of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gifl to the charlty whlch Is the amount the charity would have been willing to pay to obtain serviGes or facilities of equivalenl economic benefit on the open market,. a correspondlng amount Is then recognised in expenditure in the period of receipt. Interest Recelvable Inter8St on funds held on deposit is included when receivable and Ihe amount can be measured reliably by the charity,. this is normally upon notification of the interest pald or payable by the Bank. R J C PRODUCTIONS LIMITED (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS {Gontinued) 31 March 2024 ACCOUNTING POLICIES (continued) Fund Accountlng Unrestricted funds are available to spend on actlvltles that further any of the purpose8 of charity. Designated funds are unrestrlcled funds of the charity which the trustees have decided at thelr dlscr&tlon to S6t asida to use for a speclfic purpose. Restrlcted funds are donatlons whlch the donor has specified are to be solely used for particular areas of the charitys work or for speorfic proleots belng undertaken by the charity. Expendlture Expendlture Is recognis8d once therè is a legal or constru¢tlve obllgatlon to make a payment to a thlrd party, It Ss probable that settlement will be required and Ihe amount of the obligation can be measured reliably. Expendlture on charitable activitie8 Includes dlrect project costs, Staff costs and thair associated support costs. Irr8coverable VAT is charged as a cosl agalnsl the activty for which the expendlture was incurred. Allocation of Support Costs Support cosls are those functions that assist the work of the charity but do not directly undertake Gharitable activities. Support costs Include back Off1￿ costs, flnance, personnel, payroll and governance costs which support the company's activities. The bases on which support costs have been allocaled are set out in note 6. Tanglblo Fixed Assets Tangible fixed assets ar8 depreciated on a reducing balance basis over thelr estimated useful lives as follows: Annual Rate reducing balance basis 1 OOYr* Stralght Ilne Plant & Equipment Mlnlbus Debtors Trade and other debtor8 are recognised at the settjement amount duè after any trade discount offered, Prepayments are valued al the amount prepaid after taking account of any trade discounts due. Cash at Bank and In Hand Cash at bank and cash In hand Is In respect of bank balances. Creditors and Provlslons Creditors and provlslons 8re recognised where the charty has a present obligatlon resulting from a pasl event thal will probably result In the transfer of funds to a third party and the amount du8 to sett18 the obligation can be measured or 6Stimated r81iably. Creditors and provisions are normally recognised at thelr settlement amount after allowing for any trade dlscounts due, Flnanclal Instruments The charity only has financial assels and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction valu8 and subsequently measured at their settlement value wlth the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repaymenls. R J C PRODUCTIONS LIMITED (A Company Llmlted by Guarantee) 10 NOTES TO THE FINANCIAL STATEMENTS {contlnued) 31 March 2024 ACCOUNTING POLICIES (continued) Pènslon Costs The company has a deflned Contrlbution Pension Schem@. The pension costs charged to the statement of Financial Activities are the premlums payable in respect of the accountlng period. Significant Judgomonts and Estlmates In applying its accounting policies the company did not have to make any slgnificant Judgemenls. or estimates LEGAL STATUS OF THE CHARITY The charity is a company Ilmited by gu8ranlee and has no share capital. In the event of th6 charity being wound up, the liability in respect of the guarantee Is Ilmlted to £1 per member of the charity. At 31 March 2024 ther& were 6 mem bers. Unrestricted Deslgnataj ReslriGted Funds Funds Funds Total FurKI8 2024 Total Funds 2023 DONATIONS 2024 2024 2024 FurK£raising Donatlons 13.878 2,168 16,046 13,878 2,168 16,046 7,600 1,307 8,￿7 INCOME FROM CHARITABLE ACTIVITIES Unrestrfcted Designaled Restrithd Funds FuThYs Funds Total Funds 2024 Total Funds 2023 2024 2024 2024 Grants Arts Council England Leeds City Council arts@leeds Leeds Community Foundation Other Tolal Grants 151,608 13.614 15,000 151,608 13,614 15,000 77,872 11,876 15,OIXI 3,106 107,654 180,222 180.222 Fees & Other Income 67,325 67,325 51,365 247.547 0 247,547 159,019 R J C PRODUCTIONS LIMITED (A Company Llmlted by Guarantee) 11 NOTES TO THE FINANCIAL STATEMENTS (continued) 31 March 2024 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTivrriES Youth I Comrnunlty Youth I Community Dance Dance 2024 2023 Staffing Admlnlstratlon Premises Other Expenditure Shows & R&sldencl&s Depreciation Supporl Costs (see note 6) Governance Costs {see rN)t8 6) 152,127 14,634 104,945 10,077 1,565 19,174 3,594 6,342 7,814 4,175 157,686 21,666 45,975 4.756 9,602 4,385 253,145 Th8 company undertakes participatory creative activity with ￿th young people (4yrs-19yTS) and also adults includlng dance, theatre skllls, gymnastics, residentials & performance alongslde personal and social development. ANALYSIS OF GOVERNANCE AND SUPPORT COSTS The company initially idenlrfies the costs of its support functions. It then identifies those costs which relate to the governance function. The table below sets out the basis for 8PPOrtionment and the analysis of support and governance Gosts. General sW)[￿rt Governanoe Fundon Total Basis of Apportionment Staffing Administration IndeperKlent Exam ination & Payroll Services 8,538 1,D64 8,538 aGtual Gosts 1,064 pm rata 4,385 aGtual costs 13,987 4.385 4,385 9,602 Analysis of Governance and Support Costs - prevlous ye ar General Governance Support FunGtion Total Basls of Apportionment Staffing Administration Premises Independent Examination & Payroll Services 8,786 926 102 6,786 actual costs 926 pro rats 102 pro rats 4.175 actual costs 11,989 7,814 4,175 NET INCOME I (EXPENDITURE) FOR THE YEAR is stated after charging- 2024 2023 Depreciation Independent Examination, Accountancy & Payroll Services 4,756 6.342 4,385 4,175 R J C PRODUCTIONS LIMITED (A Company Limited by Guarant88) 12 NOTES TO THE FINANCIAL STATEMENTS (contlnued) 31 March 2024 2024 2023 STAFF COSTS & NUMBERS Salaries Soclal S8curlty Cosls Penslon Costs 122,789 7,133 4.6 134,612 82,597 2,491 86.927 No employees eamed in excess of £60,000 p.a. The average number of employees during the year, calculated on the basis of full time equivalents, was as follDWS: 2024 Number 2023 Number Artistic Team Admlnlstratbn Kèy Management Pèrsonnol The key management personnel comprlse the trustees, the executlve dlrector and the administrator. No remuneration was paid to any trustees {2023: £nil)- No exp8nses were reimbursed to truste@s during th8 ￿ar (2023- £nil). Th8 total emoluments of the key manag8ment personnel (salaries, employ8r's NIC and pension costs) durlng the year was £87,573 (2023: £67,g41). RELATED PARTY TRANSACTIONS No director or other person related to the Charitable Company had any personal Interest in any conlract or transaction entered into by the Charitable Company during the year (2023 - Nil). 10 CORPORATION TAXATION As a charlty R J C Productions Llmlted Is exempt from tax on income and gains received within categories covered by Chapter 3 Part 11 Corporation Tax Act 2010 or s256 of the Taxation of Chargeable Gains Acl 1992 to the extent that these are applied to tts charltable objects. No tax charge has arisen in the year. R J C PRODUCTIONS LIMITED (A Company Llmlted by Guarantae) 13 NOTES TO THE FINANCIAL STATEMENTS {continued) 31 March 2024 11 TANGIBLE FIXED ASSETS Planl & Equipment Minibus Total COST At 1 April 2023 Additions Disposals At 31 March 2024 157,618 35,000 192,618 157,618 35,000 192,618 DEPRECIATION At 1 April 2023 Charge for the Year Dlsposals At 31 March 2024 138,593 4,756 35,000 173,593 4,756 143,349 35,000 178,349 NET BOOK VALUE At 31 March 2024 14,269 14.269 At 31 March 2023 19,025 19,025 All fixed assels are used in direct furtheranGe of the chariws objects. At 31 March 2024 the company had made no capltal commltments (2023., £0). 2024 2023 12 DEBTORS: amounts falling due within one year: Trade Debtors PrepayTnent8 & Accrued Income 12,874 4,￿0 16,874 9,400 9,400 2023 2023 13 CREDITORS: amounts falllng due within one year: Other Creditors & Accruals other Taxes & Social Security Costs 6,805 4,595 1,622 6,217 11,453 R J C PRODUCTIONS LIMITED (A Company Llmited by Guarante8) 14 NOTES TO THE FINANCIAL STATEMENTS (continugd) 31 March 2024 14 FUNDS BIF Incoming Resources Transf8r8 01.04.23 Resources Expended CIF 31.03.24 Unrestricted Funds General 75,524 264,914 248,389 92,049 Deslgnated Funds Building Development Fund 9,500 9,500 Total Unrestricted Funds 85,024 264,914 248,389 101,549 Restrlcted Funds Capital Funding Programme 19,025 4,756 14,269 TOTAL FUNDS 104.049 264,914 253.145 115,818 Analysis of Movements In Funds - prevlous year FUNDS BIF Incomlng Resources Transfers 01.04.22 Resources Expended CIF 31.03.23 Unrostricted Funds General 59,434 168,134 152.044 75,524 Designated Funds Building Development Fund 9,500 9,500 Total Unrestrlcted Funds 64,286 168.134 152,044 85,024 Restrlcted Funds Capital Funding Programme 25,367 6,342 TOTAL FUNDS 89,633 168,134 158,386 104,049 Purpose of Designated Fund.. Building Development Fund.. Thls fund is to support the ongoing development of the RJC Dance studio and Office at the Mandela Centre. Purpose of RestriGted Funds.. The Capltal Funding Programme provides granfs to fund the refurbishment and upgrade of the companls studio facilities. R J C PRODUCTIONS LIMITED (A Company Limited by Guarante8) 15 NOTES TO THE FINANCIAL STATEMENTS (continued) 31 March 2024 15 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted D6slgnat8d Restdct8d 2024 Total 2024 2024 2024 Tanglble Fixed Assels Current Assets Creditors.. du8 Wlthin one year 14,269 14,269 113,002 11,453 14,269 115.818 103,502 11.453 92,049 9,500 9,500 Analysls of Net Assets between Funds - prevlous year Unr88Mcted Deslgnat8d Reslrlct@d 2023 2023 2023 Total 2023 Tangible Fixed Assets Current Assets Creditors.. due wilhin one year 19,025 19,025 91,241 6,217 19,025 104,049 81,741 6,217 75,524 9,500 9,500 16 FUTURE FINANCIAL COMMITMENTS At 31 March 2024 the company had total commitments under operatlng leases over the remaining Ilfe of these assets of £nil {2023.. £nil). R J C PRODUCTIONS LIMITED (A Company Limited by Guarant68) 16 NOTES TO THE FINANCIAL STATEMENTS (contlnued) 31 March 2024 17 STATEMENT OF FINANCIAL ACTIVITIES - comparatlVO Unrgstrlcted DeSI￿ated Restrlct8d Funds Funds Funds 2023 Total Funds 2023 Note 2023 2023 INCOME Donations Income from Charitable Activitles Investm8nt Income Total Income 8,907 159,019 208 168,134 8,907 159,019 208 0 168,134 EXPENDITURE Costs of Raislng Funds Expenditure on Charltable Actfvitles Total Expendlture 700 700 151,344 152,044 6.342 157,686 6,342 158,386 Net Incomel (expendlture) for the year 16,090 (6.342) 9,748 Transfers bgtwgan Fund8 for the year Net Movement in Funds 16,090 (6.342) 9,748 Reconciliation of Fund8 FUND BALANCES BJF 59,434 9,500 25,367 94,301 FUND BALANCES CIF 14 75,524 9,500 19,025 104,049 RJC PRODUCTIONS LIMITED (A Company Limited by Guarantee) 17 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RJC PRODUCTIONS LIMITED I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024 which are set out on pages 6 to 16. Responsibilities and basls of report As the charlty'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 Companles Act 2006 ('the 2006 Act,). Havlng satisfied myself that the accounts of the company are not required to be audited und8r Part 16 of the 2006 Act and are eliglble for Independent examination, I report in respect of my examination of your charills accounts as carrled out under section 145 of the Charities Act 2011 (the '2011 Acl,). In carrying out my examination I have followed the Directions giv&n by the Charily Commission under sectlon 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 AGI. I confirm Ihat l am qualified to undertake the examination because l am a member of The Institute of Charlered Accountsnts In England and Wales, which 15 one of the lisled bodies. I have Gompleted my examination. I confirm that no matters have come to my attentlon In connection with the examinalion giving me cause to believe.. 1) accounting records were not kept In respect of the company as requlred 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 accountlng requlrements of section 396 of the 2tK)6 Act other than any requirement Ihat the accounts give a 'true and falr, vlew which is not a matter considered as part of an Independent examination; or 4) the accounts have not be8n prepared in acGordance with the methods and prlnciples of the Statement of Recommended practi￿ for accounting and reporting by charltie8 [applicable to charities preparing their accounts in accordance wlth the Financlal Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in conneclion with the ex8mlnatlon to which attention should be drawn in this report in order to enable a proper unden8landing of the accounts to be reaohed. ¢ i[,'L S W O'BRIEN O'BRIEN & CO Chartored Accountants 31a Finkla Str¢•t Selby Y08 4DT 23 September 2024