Company registration number: 3888776 Charity registration number: 1079153 Council for Dance, Drama and Musical Theatre known a5 CDMT (Formerly Councll for Dance Education and Tralning) A company Ilmited by guarantee Annual Report and Flnanclal Statements for the Year Ended 28 February 2025 Dlamond Accounts Llmlted Southerden House Market Street Hailsham East Sussex BN27 2AE
Council for Dance. Drama and Musical Theatre known as CDMT Content5 Reference and admlnlstratlve detalls Ito2 Trustees, report Independent examiner's report Statement of flnanclal actlvltles 3to6 Balance sheet Notes to the flnanclal statements IOto14
Council for Dance, Drama and Musical Theatre known as CDMT Reference and Admlnlstratlve Detalls Charlty name Counc51 for Dance, Drama and Musical Theatre (known as CDMTI Charlty re8lstratlon number 1079153 Company re8lstratlon number 3888776 Prlnclpal office Salters, Hall 4 London Wall Place London EC2Y SAU Reglstered offlce Salters, Hall 4 London Wall Place London EC2Y SAU Trustees Adam Adnyana Roger Bramble (Reslgned 10/10120241 Shlrley Coen {Reslgned 10/10/20241 M Ichael Dlxon Davld Grlndrod Mlchelle Johann MaJor-Butler Sarah McFarland (Appointed 10110/20241 Annette Pearson Nicholas Trench, Earl of Clancarty (Appointed 10/10120241 Jesslca Ward Gregg Whelan Baroness Deborah Wilcox Jonathan Wood Page I
Council for Dance, Drama and Musical Theatre known as CDMT Reference and Administratlve Detalls Secretary Glyndwr Jones Sollcltor Well, Gotshal & Manges (London) LLP 110 Fetter Lane London EC4A IAY Bankers Coutts & Co London 440The Strand London WC2R OQS CAF Bank Ltd Klngs Hlll West Malllng Kent ME19 4JQ Accountant Dlamond Accounts 5outherden House Market Street Hailsham East Sussex BN27 2AE Page 2
Council for Dance, Drama and Musical Theatre known as CDMT Trustees, Report SMALL COMPANY PROVISIONS This report has been prepared in accordance wlth the small companies, reglme under the Companles Act 2006. STRUCTURE GOVERNANCE AND MANAGEMENT CDMT is a company Ilmlted by guarantee, Incorporated on 6 December 1999 and registered as a charlty on 28 January 2000. The company Is establlshed under a Memorandum of Assoclatlon, whlch sets out the objects and powers of CDMT and Is governed by Its Artlcles of Assoclatlon. CDMT Is a membershlp or8anlsatlon overseen by a Board of Trustees. The number of Trustees Is eleven. A wlde ranglng pro8r3mme of Inltlatlves and projects Is formulated annually whlch meets Identlfled strateglc alms and the needs of the sector. The charlty's Dlrector reports to the Board of Trustees. NAGEMENT CDMT has consldered the major rlsks to whlch It Is exposed, establlshlng systems and procedure5 to manage them. A rlsk assessment Is conducted annually to revlew the major challenges faced by the organlsatlon and to ensure that the Board of Trustees lactlng as dlrectors of the charltable company) have sound knowledge of the charlty and are in an Informed posltlon regardlng Its operations. IVE AND ACTIVITI The prlnclpal activity of CDMT Is to advance the educatlon of all persons and prlnclpally chlldren, you ng people and students in the art, practice and appreclatlon of the cu Itural slgnlflcance of dance, drama, muslc and musical theatre, and to promote hlgh standards In educatlon and tralnlng across the performlng arts and related technlcal actlvltles (Includlng, wlthout Ilmltatlon, productlon skllls). In summary, CDMT.. Accredits high quallty professlon31 tralnlng at full-tlme dance, drama and muslcal theatre schools, providing the industry benchmark since 1979 o Valldates the world's leadlng awardlng organlsatlons whlch offer performlng arts and muslc qualifications o Works wlth Afflllates to develop the hlghest standards of Contlnuing Professlonal Development provlslon for teacher5 o Recognises. by means of the Reco9nised Awards scheme, pre-vocatlonal performlng arts schools and teachers o Provldes membership and otherspecialist servlces through the Conference of Professionolschools, A warding Orgonisations Committee and Affiliate meetings Negotiates with government authorities on issues of education fundlng, policy and regulatlon Manages a substantial public-facing online platform cdmt,org.uk whlch promotes members and services, as well as administering two information website5 for the DaDA scheme and Graded Examinations respectively o Publishes the UK Guide which is the definitive resource for those seeking information on quality provision in the settor Operates a free comprehensive guidance service for students, parents, teachers, artists and employers. Page 3
EXPENDITURE POLICY Annual budgets for all aspects of actlvlties are agreed by the Honorary Treasurer and the Dlrector, and submltted to the Board of Trustees for comment and approval prior to the commencement of each financial year. Significant amendments to agreed budgets during a financial year are dlscussed by the Honorary Treasurer and Director in the first instance and subsequently presented to the Board for comment and approval or otherwise. ANNUAL REPORT CDMT Is the only Industry body in the UK offering quallty assurance and membershlp servlces to Institutlons deliverlng training, education and assessment across the performing arts. The organlsation was founded in 1979, dellverlng expert guldance and support to provlders of professlonal courses and qua Ilflcatlons, as well as worklng wlth government to ensure that the UK creative industrles contlnue to provlde superlor opportunltles for students from dlverse backgrounds to develop as artlsts of the hlghest callbre, accordlng to thelr potentlal, CDMT Is honoured to seNe the many professlonal schools, conservatolres and awardlng or8anlsatlons who make up our membershlp. In recent years, durlng the tlme that the creatlve arts sector, together wlth the rest of the populatlon, was collectlvely seeklng to recover from the worst effects of the pandemlc and the cost of Ilvlng crlsls, two reports powerfully slgnalled the perllou5 State of arts educatlon In the UK, and the arts at large were publlshed: The Gulbenklan Foundatlon's The Arts In Schools 2023 and Campalgn forthe Arts The State of the Arts. Together, they describe a sltuatlon where access to an educatlon In the art5, Indeed the arts themselves, are under slege, all the metrlcs headlng In a downward dlrection. For those wlth Ilved experlence of the powerof the performlng arts at flrst hand, thls could only be seen as a profound dlsservlce to the rounded development of the next 8eneratlon. Meanwhlle, In the world of pollcy, the new Government artlculated an ambltlous plan for the cultural and creatlve Industrles, one that both acknowledges the intrlnsic value of artistlc en8a8ement and the development of creatlve skllls, and argues for the slgnlflcant growth potentlal of the arts, commlttln8 to "8rowln8 thls Icreatlvel Industry, for Its economlc beneflt and the enrlchment of Ilves across the country." Agalnst thls backdrop, CDMT launched two key documents at events In Westmlnster.. Securing Access to Performing Arts Educatlon for All, backed by the All-Part¥ Parliamentary Group IAPPGI for Performlng Arts Educatlon and Tralnlng, of whlch we are Secretarlat, In September 2023 and Monifesto for Performing Arts EducGtlon, sponsored by the Cameron Mackintosh and Andrew Lloyd Webber Foundatlons, in June 2024. 'Thls Manlfesto captures both the economlc and emotlonal value of refreshlng performing arts education provlsion In support of our communlties for times to come, and l urge all those Interested In creating a harmonious, productive and reslllent UK to read Its recommendatlons.. (Ladywilcox, Chalrof CDMT at the launch). "I thank CDMTfor Its work In thls area and encourage the Mlnister to please read Its Manlfesto. (Jess Brown-Fuller MP, APPG Chalr, speaking In the House of Commons on 18 December 20241. Autumn 2024 saw publlcation of DCMS-commissioned research that persuasively articulates the posltlve benefits of cu Itural engagement on physical and mental wellbeing. According to its findings, cultural engagement Is worth roughly £8 billion to the UK economy - approximately £IOOO per adult citizen - in terms of delivering national wellbeing benefits. As both calls for entitlement to the arts and evidence of the value of creative engagement mount up, and with new outlooks in the ascendant wlthin the administrative department5, could we be wltnessing an important inflection point, perhaps even a fundamental shift in the zeitgeist, for the future of the arts In the life and education of the UK? As well as improving life outcomes, and giving Page 4
space to artistic expression of all types, the performing arts industry contributes hugely to the UK economy, and in this context the maintenance of a viable pipellne of talent through to the highest professional levels makes financial, as well as cultural, philosophical and humanltarian sense. In support of thls, CDMT actively continues to: Conduct in5titutlonal Inspection visits and related monltoring actlvities o Em phasise members, interests to parliamentarlans, clvil servants and regulators Host regular meetln8S to facilitate the sharing of information and approaches to the common challenges faced o Produce briefing papers and reports to hlghllght the effects of Covld-19, EU wlthdrawal and Cost of Llvlng crlsls on the performing arts Hold specialist sessions wlth the Department for Education IDfEI and the Department for Culture, Media and Sport IDCMSI Clrculate government and industry guldance on relevant Issues Deliver careers conferences and showcase performances to students, parentslguardlans and teachers. An event was held In Llverpool In 2024 along wlth two onllne sesslons In early 2025 o Publlsh CDMT'S annual UK Gulde to Performlng Arts Tralnlng, Educotlon and Assessment whlch complements cdmt.org.uk, 8radedexams.com and our soclal media platforms Act as Secretarlat of the APPG for Performln8 Arts Educatlon and Tralnlng at Westmlnster. These endeavours are supported by our Recognlsed Awards scheme whlch promotes the DfE's non- statutory alms for Keepin8 Chlldren Safe in Out-of-school Settlngs. CDMT works tlrelessly to sustaln and enhance the proflle of the exceptlonal Instltutlons It Is our prlvSle8e to seNe, connectlng a new generatlon of students wlth the opportunltles avallable to them, wh Ilst securlng the underplnnlng standards that turn those opportunltie5 Into a solld foundatlon f rom which to progress. Our role at the heart of the UK performlng arts sector, as an authorltatlve provider of quallty assurance, go-to sou rce of rella ble Informatlon, and pas51onate and Inf luentlal advocate on behalf of our members, Is vital. Together, we make an enormous contrlbutlon to the sustalnablllty and Internatlonal profile of the UK creative sector a crucial contrlbutlon CDMT wlll contlnue to champlon wlth vlgour and Imaglnatlon In the year to come. FINANCIAL REVIEW The year to 28 February 2025 has agaln been successful operatlonally and flnanclally. The financial statements show a net surplusforthe year of £21,052, Thls result has been chlefly reallsed through CDMfs emphasis on both providing focused support to members In addressing the prevalling conditlons, through the advocacy Inltlatlves Outlined In the report, and carrylng out its cycle of accreditatlon Inspettlons. RESERVES POLICY The Trustees, alm Is to establlsh reserves to a level whlch could support the or8anisation through period of financlal and operational uncertainty. CDMfs reserves at 28 February 2025 stood at £333,122. CDMT has a stable operating model and thls, along with a good medium-term planning horizon and long- term commitments from a number of key stakeholders, mitigates many risks. However, threats still persist and the Trustees have targeted a level of free reserve which confidently covers a range of potentlal business risks considered, including income generation from current activities, operational costs, and a contingency allowance. Page 5
TR STEES, RESPONSIBILtTIESTO THE FINANCIAL STATEMENTS The Trustees are required by company law to prepare financlal statements for each financial year which glves a true and fair view of the financial activities of the charity and its financial positlon at the end of the year. In preparing those financial statements the Trustees are required to.. a) Selett suitable accounting pollcles and apply them con515tently,' bl Make judgements and estlmates that are reasonable and prudent; cl State whether the pollcles adopted are In accordance wlth the Companles Act 2006 and wlth appllcable accountln8 Standards and statements of recommended practice, subject to any material departures dlsclosed and explalned In the flnanclal statements; d} Prepare the flnanclal statements on a golng concern basls unless It Is appropriate to assume the charlty wlll continue In operatlon. The Trustees are responslble for keeplng proper accountln8 records whlch dlsclose wlth reasonable accuracy at any tlme the financlal posltlon of the charlty and whlch enable them to ensure that the flnanclal statement5 comply wlth the Companles Act 2006. They are a150 responslble for safe8uardlng the asset of the charity and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irre8ularltles. Approved by the Board on 2025 and slgned on Its behalf bv: Barone55 Deborah Wllcox Chalr of the CDMT Page 6
Independent Examiner's Report on the accounts to the Trustees of Council for Dance, Drama and Musical Theatre known as CDMT I report to the charlty on the accounts of the company for the year ended 28 February 2025, Charlty Number: 1079153 and Company Number: 3888776 which are set out on pa8e5 8 to 14. Responslbllltles and basls of report As the chariVs Trustees of the Company Iwho are also the dlrectors of the company for the purposes of company lawl, you are responslble for the preparatlon of the accounts In accordance wlth the requlrements of the Companles Act 2006 {'the 2006 Act.). Havlng satlsfled myself that the accounts of the Company are not requlred to be audlted for this year under Part 16 of the 2006 Act and are ellgible for Independent examlnatlon, I report In respect of my examlnatlon of your charltls accounts as carrled out under sertlon 145 of the Charltles Act 2011 {"the 2011 ACVI. In carryin8 Out my examinatlon, I have followed the directlons given by the Charlty Commlsslon {under settlon 14515llbl of the 2011 Act. Independtnt examlner's statement The companvs gross Income exceeded £250,000 and l am quallfled to undertake the examlnatlon by belng quallfled member of The Chartered Instltute of Management Accountants. I have completed my examlnatlon. I confirm that no materlal matters have come to my attentlon whlch glve me cause to belleve that: accountln8 records were not kept In accordance wlth sectlon 386 of the Companles Act 2006; or the accounts do not accord wlth such records, or the accounts do not comply wlth relevant accountlng requlrements under sectlon 396 of the Companles Act 2006 other than any requlrement that the accounts 8lve a 'true and falrf vlew whlch Is not a matter consldered as part of the Independent examination,. or the accounts have not been prepared In accordance wlth the charities SORP IFRS1021. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached. Dlamond Accounts Limited Southerden House Market Street Hailsham East Sussex BN27 2AE 3iomc¥d 4cccLnE Date: 27.10 2£ Page 7
Council for Dance, Drama and Musical Theatre known as CDMT Statement of Flnancial Actlvlties {Including Income and Expendlture Account) for the Year Ended 28 February 2025 Unrestrlcted Restrlcted Total Funds Totsl Funds Funds Funds 2025 2024 Note Incomln8 re59urces Incomlng resources from generated funds Investment Income Incoming resources from charltable actlvltles 12,781 314,968 12,781 314,968 8,850 380,397 Total Incomln8 resources 327,749 327,749 389,247 Resources expended Charltable actSvltle5 Governance costs 243,157 63,540 243,157 63,540 320,724 65,185 Total resources expended 306,697 306,697 385,909 Net movements In funds 21,052 21,052 3,338 Reconelllatlon of funds Total funds brought forward 312,070 312,070 308,732 Total funds carrled forward 333,122 333,122 312,070 All Incomlng resources and resources expended derlve from contlnuln8 activities. The notes on poge5 10 to 14fvrm on integrol port of the5efinonciol stotementS. Page 8
Councll for Dance, Drama and Musical Theatre known as CDMT (registration number: 38887761 Balance Sheet a5 at 28 February 2025 2025 2024 Note Flxed assets Tan8lble assets 10 Current assets Debtors Cash at bank and In hand 8,936 351.619 10,150 316,771 360,555 326,921 Credltors: Amounts falllng due wlthln one year 12 (27,433) (14,851) Net current assets 333,122 312,070 Net assets 333,122 312,070 The funds of the charlty: Unrestrlcted funds Unrestrlcted Income funds 15 333,122 312,070 Total charlty funds 333,122 312,070 For the financlal year ended 28 February 2025, the charity was entltled to exemptlon from audlt under sectlon 477 of the Companles Act 2006 relatlng to Small companles. The members have not requlred the charity to obtaln an audit of Its accounts for the year In questlon In accordance with section 476. The directors acknowledge their responslbilities for complylng wlth the requirements of the Act wlth respect to accounting records and the preparation of accounts. These accounts have been prepared In accordante wlth the provlsions appllcable to companies sublect to the small companies regime. Approved by the Board on 2025 and si8ned on its behalf by: Baroness Deborah Wilcox Chair of the CDMT The notes on pt7ge5 10 to 14form an integrt71 port of thesefint7ncial stotement5. Page 9
Council for Dance, Drama and Musical Theatre known as CDMT Notes to the Financlal Statements for the Year Ended 28 February 2025 l. Accountlng pollcles Basls of preparatlon The flnantial statements have been prepared under the hlstorical cost conventlon and in accordance with the Statement of Recommended Practlce 'Accountln8 and Reportlng by Charlties ISORP 20051,, Issued in March 2005, appllcable accountlng standards and the Companies Act 2006. Fund accountlng poll¢v Unrestrlcted income funds are 8eneral funds that are avallable for use at the Trustee5' discretlon In furtherance of the oblectlves of the charltv. Further detalls of each fund are dlsclosed In note 15. Ineomln8 resources Investment Income15 reco8nlsed on a recelvable basls. Income from charltable actlvltles Sncludes Income reco8nlsed as earned la5 the related 8oods or servlces are provldedl under contract. Grant5 are Included In the Statement of FSnanclal Actlvltles In the year In whlch they are recelvable. They are cate8orlsed as restrlcted where the donor wlshes to re5trlct thelr use more narrowly than the 8en eral purposes of the charlty, Resources expended Llabllltle5 are reco8nlsed as soon as there Is a legal or constru¢tlve obll8atlon commlttln8 the charSty to the expendlture. All expendlture15 accounted for on an accrua15 basls and has been classlfled und er headln8S that a88re8ate all costs related to the cate8ory. Charltable expendSture comprlses those costs Incurred by the charlty In the dellvery of Its actlvltles and servlces for Its beneflclaries. It Includes both costs that can be allocated dlrectly to such actlvltles and those costs of an Indlrect nature necessary to support them. Govornance costs Governance costs Include costs of the preparatlon and examlnatlon of the statutory accounts, the costs of Trustee meetlngs and the cost of any le8al advice to Trustees on governance or constltutlonal matters, Support cost$ Support costs Include central functlons and have been allocated to actlvlty cost cate8orles on a basls conslstent wlth the use of resources, for example, allocatln8 property costs by floor areas, or per capita, staff costs by the tlme spent and other costs by thelr u5a8e. Flxed assets Individual fSxed assets costln8 £0 or more are initially recorded at C05t. Depreclatlon Depreciation is provided on tangSble fixed assets so as to write off the cost or valuation, less any estimated resldual value, over their expected useful economic life as follows., Fixtures. fittin85 and equipment Fixtures and fittings Plant and machinery includin8 motor vehicles IO% straight line basis IO% straight line basis 33% Straight line basis Page 10
Council for Dance. Drama and Muslcal Theatre known as CDMT Notes to the Flnancial Statements for the Year Ended 28 February 2025 2. Investment income Unrestrlcted Restrlcted Totsl Funds Total Funds Funds Funds 2025 2024 Interest on cash deposits 12.781 12,781 8,850 Incomlng resources from charltable actlvltles Unrestrlcted Re$trlcted Total Funds Total Funds Funds Funds 2025 2024 Charltable artlvlty Subscriptlons Grants Glft in klnd Donation CDMT UK Gulde to Professlonal Tralnln8 Accredltation/Validatlon Fees Reco8nised Awards Other Income 224,544 224,544 220,183 28,000 28,000 32,599 12,742 17,083 32,599 12.742 17,083 41,219 14,397 104,598 314,968 314,968 380,397 4. Total resources expended. Unrestrlcted Restrlcted Total Funds Totsl Funds Funds Funds 2025 2024 Dlrect cosls QualSty assurance & membershlp servlces Consultancy fees Advertlslng and promotlon and other 28,846 28,846 30,437 47,385 47,385 114,007 76,231 76,231 144,444 Support costs Employment costs Establishment costs IT and communications Offlce expenses Printlng, posting and statlonery Subscriptions and donations Travel and subsistence Entertainment and hospitality costs Accountancy fees Bank charges Refreshments/Hospitality cost Le8al and professional costs 108,617 39,538 7,987 1,866 2,109 147 354 108,617 39,538 7,987 1.866 2,109 147 354 115,876 38,821 11,267 1,857 2,160 103 781 5,781 423 78 26 5,781 423 78 26 4,836 537 32 io 166,926 166.926 176.280 Pagell
Council for Dance, Drama and Musical Theatre known as CDMT Notes to the Financlal Statements for the Year Ended 28 February 2025 Resources expended on Charltable Activities 243,157 243,157 320,724 5. Governance cost$ Unrestrlcted Restrlcted Funds Funds Total 2025 Total 2024 Employment costs EstablSshment costs IT and communicatlons Office expenses Prlntln81 POStin8 and stationery SubscrSptlons and donatlons Travel and subslstence Accountancy Independent examlnerfs fee Insurance Bank char8es Legal and professlonal costs Refreshments/Hospltallty Cost Cost of Trustee meetln8S 36,206 13,179 2,662 622 703 49 36,206 13,179 2,662 622 703 49 118 5,781 1,245 2,745 141 38,625 12,940 3.756 619 720 34 261 4,836 1,205 1,963 179 5,781 1,245 2,745 141 26 54 26 54 li 33 Support cost Employment costs Offlce expenses Cost of Trustee meetln8S Examlnerfs fee Accountancy fees Basls ol allocatlon Tlme spent, 25% Governance, 75% Charltable Actlvltles Tlme spent, 25% Governance, 75% Charltable ActSvltles 100% Governance 100% Governance 50% Governance ba5ance Charltable Actlvltles 6. Tru$tee$' remuneratlon and expenses No Remuneratlon was pald to any Trustee, The Trustees were Indemnlfled for the purchase of Insurance (£7801 to Indemnlfy CDMT from loss arisln8 from the neglect of Its Trustees, employees, or a8ents and to indemnlfy officers a8alnst the consequence of any neglect or default on thelr part, as permltted by the governSn8 Instrument. 7. Nèt Income Net Income Is stated after char8ln8'. 2025 2024 Independent Examlner 1,245 1,205 8. Employees, remuneratlon The aggregate payroll costs of these persons were as follows.. 2025 2024 Wages and salaries 156,384 164,140 Page 12
Council for Dance. Drama and Musical Theatre known as CDMT Notes to the Flnancial Ststements for the Year Ended 28 February 2025 9. Taxatlon The company is a reglstered charity and is, therefore, exempt from taxation. 10. TAngible fixed a$$et$ Flxtures, ffttings and equlpment Cost As at l March 2024 Addltlons 14,674 As at 28 February 2025 14,674 Depreclatlon As at l March 2024 Charge for the year 14,674 As at 28 February 2025 14,674 Net book value As at 28 February 2025 As at 29 February 2024 11. Debtors 2025 2024 Trade debtors Other Debtors Prepayments and accrued Income 7,384 1,552 4,104 1,128 4,918 8,936 10,150 12. Credltor$: Amounts falllng due wlthln one year 2025 2024 Trade credltors Other Creditor5 Accruals and deferred income 1,881 7,247 25,552 7,604 27,433 14,851 Page 13
Council for Dance, Drama and Musical Theatre known as CDMT Notes to the Financial Statements for the Year Ended 28 February 2025 13. Members, Ilablllty The charity 15 a private company Ilmited by guarantee and consequently does not have share capital. Each of the members Is Ilable to contrlbute an amount not exceedlng £1 toward5 the assets of the charlty in the event of Ilquldatlon, 14. Related partle$ Controllln8 entlty The charlty Is controlled by the Trustees who are all dlrectors of the company. 15. Analys1$ ol funds l March 2024 Incomlng Resources 28 February resources expended 2025 Genoral Funds Unrestrlcted Income fund Restrlcted funds 312,070 327,749 (306,697) 333,122 312,070 327,749 (306,697) 333,122 16. Net assets by fund Unrestrlcted Restrlcted Total Funds Total Funds Funds Funds 2025 2024 Tanglble assets Current assets Creditors: Amounts falllng due wlthln one year 360,555 (27,433) 360,555 (27,433) 326,921 (14,851) Net assets 333,122 333,122 312,070 Page 14