2024-03-31-accounts

Do¢u5ign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED IA Company Limited by Guarantee TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purFK)ses. The reference and administrab've details set out on page 1 form part of this report. The financial statements comply with Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association 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 IFRS 102). Principal Activity The principal activity of the Company is the advancement of education for public benefit by the promotion of the arts, in particular but not exclusively, in the art of dance. Objectives and Activities 'To make great art and seek out new audiences, These continue to be the ￿1n ambitions and the guiding principles of BalletBoyz, founded in 2000 by multi- disciplinary artists Michael Nunn OBE and William Trevitt OBE. The Company's approach is simple.. to make the most interesting live and digital performances and works of art possible by working with the very best choreographers, composers, artists: designers, and filmmakers. and to reach new audiences by presenting them in the most ac￿Ssible way possible across a range of disciplines. Over the last 24 years BalletBoyz has been awarded Olivier. Southbank Show, TMA and Time Out Awards (among others), and was named Best Independent Dan￿ Company by the Critics, Circle National Dan Awards in 2013. BalletBoyz has also won an International Emmy. several Rose D'or awards. and Golden Prague Jury Grand Prix awards for film and television work alongside numerous nominations. Mission Statement BalletBoyz promotes eX￿llen￿ in dan￿ through live perf0mlan￿. film, installations and participation, creating a legacy of outstanding new work that appeals to a wide audien￿ nationally and internab'onally. The core aims of BalletBoyz are made up of three parallel and equally important strands. each with the company's repertoire and creative output at its core, delivered through consistent collaborations, partnerships and commissions. Core Aims and Objectives: To Create- making original and adventurous creations that serve to demystify, provoke and, most importantly, entertain. To Present - taking an accessible approach to presenting live and digital work which allows art to be shared widely around the UK and intemationally, whilst continuing to develop new markets and audiences. To Share - using the broad scope of the Company s activity both in person and online to continue developing projects which reach diverse collaborators and aUdien￿S. In shaping objectives for the year and planning activities, the Trustees have considered the Charity Commission's guidan￿ on public benefit. including the guidance "public benefit.. running a charity IPB2}" Arts Council England's 10-year plan and vision "Let's Create. is inherent to the Company's planned activity and ils four Investment Principles, Ambition & Quality., Indusion & Relevan￿,. Dynamism.. and Environmental Responsibility have been incorporated throughout. Page 2

Do¢u5ign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED IA Company Limited by Guarantee TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Strategies for achieving ain￿ and objectives sin￿ the Company's formation in 2000, BalletBoyz has consistently demonstrated a high level of artistic credibility and re￿iVed positive feedback from aUdien￿S, theatre programmers, and programmers of digital content in the UK and abroad. The Company s steadily evolving identity and continuous aptitude for innovation and reinvention has resulted in a repertoire of award-winning choreography and digital work in a broad range of Styles which is publicly known to be diverse, inventive, accessible, and of the highest quality- As an Arts Council England National Portfolio Organisation, the Company is currently in the Investment Programme funding period 2023-2026. Throughout this funding period, the Trustees, aims and ambitions embody a consolidation of the creative trajectory the Company has been on in the past five years through a set of ambitsous projects that will challenge BalletBoyz artistically and push the Company in new directions. Planned activity will allow the Company to explore new markets and audiences, initiate and develop new creative relationships, and diversify income streams. Planned activity for the nexi financial year is as summarised in the following paragraphs. Building on the Company's strong reputation for commissioning, curating, and producing, the coming period will see new creations that are diverse in terms of content, style. and creative team, with a particular focus on developing the Company's artistic identity within the cultural landscape as an organisation with a specialist ability to marry live performance, digital creations, and dance. Since the pandemic in 2020, the Company has ensured a level of risk-averse elements within projects to mitigate against the uncertainty and unpredictability of a risky artistic climate. Although there remains a high level of uncertainty specifically within the area of arts funding, as the volatility of the cultural landscape in the UK has to a degree become easier to navigate, there is now a renewed desire to be more risk-taking in arts'stic projects and decisions. This has historically been abundantly rewarding, and lucrative in terms of audience engagement, income, and arbsts'c fulfilment. In 2024125, the Company will continue the development of its new work England on Fire, an R&D version of which was presented to a live audience at Sadlerfs Wells in November 2023. The sold-out stage production will serve as the seed for a narrative feature length film shot on location. England on Fire will be a powerful work, the strength of which will lie in the wealth of voices involved in ils creation and development through various iterations. The initial presentation of the production at Sadlerfs Wells involved 50+ collaborators, making it the Company's most ambitious and collaborative project to date. This approach enables numerous opportunities to discover and foster relationships with new and diverse tslent, allowing the Company to work with the best emerging dancers, choreographers, composers and artists. New relationships will also be sought out with programmers, broadcasters, presenters. distributors, venues, and directors, in order to develop a model to allow work and audiences to be further diversified. BalletBoyz remains committed to sharing its work as much as possible and uses a wide range of platforms to do so. These include digital reSoUr￿S and bespoke programmes for specific groups. An online educational resource is being developed for England on Fire, designed to fit in with the national curriculum, which will be available free of charge on the Company's platform MoovBank. The platform will also see additional development, particulady in regard to its distribution. Parkinson's CAN Dance will continue to be refined and developed with supplementary activities outside of the main classes, and the Company wll be reintroducing inclusive dance classes in September 2024 after a four-year hiatus. Achlevements and actlvlty 2023-2024 stage Work The research and development which we begun in March 2023 continued in the first and second quarter of 23124, and culminated in its first iteration as the stage work England on Fire. The show had four performan￿$ at Sadlerfs Wells in November 2023, was completely sold-out with a total audien￿ of 6.152, and in employing 79 freelancers, 52 of which were creatives, the stsge work is the most collaboratively ambitious work to date. On stage performers included 15 dancers, 12 live musicians. and a punk rock band of 4 players. Bringing together so many components and creatives was a rewarding arts.stic challenge and the show became a powerful evocation of creativity. The feasibility of touring the work regionally was explored but despite the ambition to realise such a tour and the creative value it would bring to local areas, projected losses were determined to be Page 3

Do¢u5ign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED IA Company Limited by Guarantee TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 too high, particularly as a result of the steadily declining fees and income from theatres. This is however as expected and in line with plans as outlined following the previous financial year, to reduce live touring for a period oftime and to deliver ath'vity through other platforms. The work was originally inspired by Stephen Ellcock and Mat Osman's book of the same name, and Stephen's response to the perforMan￿S perfectly sums up how the Company s ambib'ons were realised: It was an absolute joy and priwlege to see England on FI￿ being brought to lrfe at Sadlerfs Wells last week. It was a wonderful and memorable experien￿ and one that I will always tsEasure. I thoroughly enjoyed and appreciated everything about the Pn￿uctlon, which was audacious, hugely ambitious. allusive, electrifying and haunting. It was a remathable spectacle, the impact of which ￿sonated long after I had left the theatre. All the elements combined to create a wort( which managed the incredibly difficult feat of conjuring up all the magic, sense of wonder. an8￿hY and rebellious spirit that l attempted to capture in the original book, whilst simultaneously evoking and embodying the impossibly complex, contradictory nature of the English psyche. Every aspect of the pmduction was terrific," the dancers, choreography, the music, costumes, lighting, set design, sound design etc. and every single nyember of your extended c￿W deserves the highest praise and, from a purely personal point of view, my deepest gratitude for breathing bold and vital new life into a concept that has been rattling around in my own battered and beleaguered psyche formany, manyy8ars. Everybody I know who came along to Sadlers Wells last week seemed to love and appreciate it, including nephews and friends, children who have very little, rf any, previous experience of live dance, performance, or even theatre, which I think is very gratfying and a fantastic testimony to the power and resonance of the production. Thank you again for your remarkably sensitive and imaginative response to the book. The production definitely captured the spirit of both the book and of Albion, Itself/he￿elf. In November 2023, the Company organised and produced a fundraising performance gala for the charity Borne, in support of researching premature births. There was no international touring in the financial year 23124. Relationships with venues, promoters, and festivals were maintained however, with a view to tour again in the financial year 25126. Territories outside the UK include North America, Australia, Gemiany, Italy, Scandinavia, and China. Digital Work In pursuit of creating an improved platform for sharing dan￿ on screen, where the Company has identifi'ed an opportunity in the market, a partnership with Curzon Cinemas continues to be in development which will eventualty see BalletBoyz curate and produce a cinematic dan￿ season, possibly on a rolling basis. The intention is for dance companies, including BalletBoyz as well as independent artists, to have a new outlet for digital dan￿ work. The partnership would also foster audien￿ diversification, for BalletBoyz itself as well as for the wider dance and performing arts sector. The stage iteration of England on Fire at Sadle¢s Wells was filmed in order to be able to share the work with a broader audien￿ outside of London. This was post-produced in earfy 2024 and released on MarqueeTV in April 2024. Post-production was completed on the on-location films of the repertoire forming the Company's double bill Deluxe. The films have been licensed to MarqueeTV for online streaming and may also form part of a future dance on screen season at Curzon Cinemas. Maxine Doyle's work Bradley 4_.18, originally created for the stage as part of Deluxe and later produced as an on4ocation film, was nominated for a Golden Prague in November 2023. Page 4

Do¢u5ign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED IA Company Limited by Guarantee TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 In the financial year 2023124, the Company conts'nued ccpproduction on the short film Adieu with Thick & Tight and Corali Dance Company, and Limpet with former BalletBoyz dan￿r Hary Pnce. The Company also supported the distribution of former BalletBoyz dancer Edd Arnold's film By The Sea. In July 2023, a short film Visions was shot in the Company s studio in Kingston with choreographer Edd Arnold and dance artist Holly Vallis, which was later included as on-stage projection for England on Fi￿. By the Sea was a dance screen project by BalletBoyz alumni Edd Arnold and Sean Flanagan and explored the relationship be￿een humanity and the sea. Shot over tsvo days on the south coasl of England, the film captures the supreme power of water under an imposing slomi. With the dan￿rS positioned at the centre of this for￿ of nature - costumed in recycled ocean plastics - By the Sea offers a poignant statement of a fragile future that's ours to secure. BalletBoyz provided advisory support for shoots-ng on location and creating dance for screen, and supported the production through use of studio space and equipment. The film was released on the online platform Nowness, and won Best Cinematography and Best Short at Exeter Short Dance Film Festival in October 2023, as well as receiving the following accolades: Best Dance Film, Global Short Film Festival, Cannes., Finalist, LA International Film Festival., Honourable Mention. Greenwich Film Festival,. Honourable Mention, Covent Garden Film Fesb'val., Official Selection, Intemational Portrait Film Festival, Bulgaria., Official Selection, Cinedanza Festival, Italy., Official Selection, ArtGarageDan￿c0mpany, Italy., Official Selection, Key Plus Dance, Japan,. Official Selection, Still Voices, Ireland,. Official Selection, Muestra Movimiento Audiovisual, Mexico., Official Selection, Fish Eye Film Festival: UK., Finalist, LA Intemational Film Festival. For Adieu, BalletBoyz supported dan￿ theatre company Thick & Tight to develop their stage work of the same name into a short film. In collaboration with Corali Dance Company, the work brings together queer and learning disabled artists to offer a new insight into Derek Jam)an and his work. BalletBoyz supported the production through use of equipment and studio space, as well as advisory support and on-site assistance during the shoot in March 2023 at Prospect Cottage in Dungeness. and filming material for behind-the-scenes content. The work allows the performers to connect to important and complex subjects that are traditionally reserved for non- disabled or academic environments, which in tum opens up new conversations and awareness for aUdien￿S. Adieu remains in post-production at the end of 23124 and is expected to finish in 24125. Limpet is produced and d1￿cted by BalletBoyz alumnus Hary Pri￿. In an exploration of unhealthy dependent relationships, Harry translates the darker fa￿ts of the human experience into movement. Taking a non-linear course, at once visually claustrophobic and disorienting. kn.mpet straddles the conflicting emotions that underscore the dynamic, challenging the stereotypes often portrayed in dan￿ film. The film was released online on the Nowness platform in April 2024. These co-productions are part of the Company's ongoing pursuit of in-house continuous professional development and career development, supporting the artists and staff we work with to diversify skill sets and encouraging on-going curiosity. Filmed versions of previous stage pr¢xluctions remain available for purchase intemationally on the BalletBoyz Vimeo on Demand plafform. MoovBank The free, online, educational dan￿ platfomi continues to grow both in content and number of subscribers, with over 2,900 individuals and schools now using the platfomi. The content created by the Company and hosted on the website is incredibly varied, ranging from structured tutorials and lesson plans designed to fit the UK curriculum, to simple warm-up and movement exercises that can be completed at home, to recorded Parkinson's CAN Dance lessons delivered by trained specialists. Alongside the addition of small-scale content, a new education package for GSCE students has been created and designed to tie in with the stage presentstion version of England on Fire. The pack delves into both the material of the production itself as well as the inspiration and creation pro￿$S. The resour￿ has been in production throughout 23124, and will be released in ts'me for the academic school year 2024125. A second part to Page 5

Do¢u5ign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED IA Company Limited by Guarantee TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 the educational resource will be prodU￿d alongside the creation of the feature film. MoovBank remains accessible from anywhere in the wodd and is completely free to use. Creative Learning The Company s long-running Pa￿inSOn s CAN Dance classes have continued throughout 2023124. Two classes a week are held, in person and on Zoom for participants who are unable to attend in person. Some semesters are taking place at the Kingston Workmen's Club, enhancing the Company s local connections and adding a supplementary element of socialising to the classes. Further supplementary aclivities are now included as part of the programme as well, including film ￿reeningS in the studio and singing workshops. The programme remains entirely funded by BalletBoyz. without other investment, as its reach is primarily limited to the local area. Because of the significant benefits observed in participants, the Trustees view this as a justifiable expense. It is hoped that outside funding can be raised in ftjture years. The Company's inclusive dance offering. fO￿edY known as The Amazings, will be reintroduced in September 2024, following evaluations in this financial year about how the programme is delivered. Classes will be delivered in partnership with Kingston College, and will indude former BalletBoyz dan￿r$ as some of the class leaders in order for participants to experience a direct link to the Company's repertoire. Diversity The Company and its Trustees remain highly conscious of the need to improve diversity within the arts throughout all activity undertaken. Specifically, the Company has identified three areas in which it is making focused efforts to increase inclusion". Gender diversity in both creatives and crew. Ethnic minority and socioeconomic diversity in creatives, leadership, on stsge and on screen. Differently abled people across all areas. In order to achieve this, the following actions have been taken= All members of staff undertake regular training and CPD sessions, as well as directors and trustees. Anyone new entering the building is asked if they have any aC￿sS requirements. This is done both on the understanding that people coming into the building may need reasonable adjustments to be made before their visit, and in order to normalise the process of making such adjustments. The Company's ownership of a portable ramp and the building's indusion of an accessible toilet on the ground floor allows building adjustments to be made to enable aC￿sS to and use of the ground floor by individuals with specific aC￿sS requirements. Anyone with whom the Company engages is required to complete an anonymous Equality and Diversity Monitoring Fomi. Envimnmental Responsibilty The Trustees are becoming increasingly conscious of the Company s Environmental Responsibility as a leading arts organisation. The Company is now BAFTA albert ceriified for climate action and staff attend regular training and CPD sessions to further their knowledge about how to minimise the Company s environmental impact. A Green Memo lor Environmental Policy) has been put in place as part of official Company policy. This policy is shared with all employees and freelancers with whom the Company engages and will encourage many and all possible small changes to make a significant impact. The Company is also placing a lot of importance on recycling as much and as often as possible.. everything from general office waste to sets and costumes for new productions. England on Fire included the use of LED lighting, reused set matenal, and a completely second-hand set of costumes for all 15 dancers. Financial Review There was a net decrease of £46,100 (2023.. net increase £266,965) in the year on a turnover of £669,938 Page 6

Do¢u5ign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED IA Company Limited by Guarantee TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12023. £820,971}. Unrestricted reserves stand at £645,427 (2023.. £657,800), which is a decrease of £12,373 {2023'. increase of £194,009) on the previous year. Arts Council NPO grant of£305,520 was received. Unrestricted funding of £25,000 was re￿iVed from The Robert Gavron Charitsble Trust. Unrestricted funding of £93,750 was received from philanthropy. A total of £439,542 in donations was r￿1Ved in the year (2023.. £468,071). The Reserves Policy states that an amount equivalent to three 131 months of running costs is retained in the event that the Company is wound up. This is currently at approximately £100,000. Any remaining unrestricted funds can be spent on artistic acb'vity as approved by the Trustees. Total ftjnds at the year end amounted to £943,167 {2023.' £989,267} which comprise general funds of £282,242 (2023.. £294,615), designated fvnds of £363,185 {2023.' £363,185) and restricted fvnds of £297.740 {2023.' £331,467). Free reserves at the year end amounted to £261,294 which the Trustees consider sufficient to cover fijture expenditure. Risk BalletBoyz is a company which consistendy and successfully takes artists'c risks, and a company which knows how to reap the benefits from both the successes and areas of irnprovement that taking such risks creates. However, risks to the stability and longevity of the company need to be recognised and mitigated. Currently the highest risk the Company faces are the significant financial changes taking place in the wider arts industry, chiefly rising costs paired with reduced public funding. There is a crowded marketplace with many artists competing for funds from trusts and foundations. Consequently, activity plans are carefully considered before being confirmed, and value for money is stringently sought throughout. Cashfiow is carefully monitored, and quarterly meetings are held with a Finance SU￿CoMMIttee to ensure rigorous evaluation of all risks, including financial. The particular consequences of Brexit are still undear. making rt challenging to plan meaningfully. Expected concerns include the appeal of UK companies to European dan￿rs, the ability to employ European dan￿rs, and the rise in European touring costs and administrab've complexity as a result of the UK'S departure from the EU. An unexpected factor which has become apparent in the most recent tour12021122} is the steep increase in domestic costs, indicating that the most impacthjl repercussion for the Company is and will be financial. Progress and development are monitored Closely and plans will be adapted as and when ne￿$Sary. The Company's Kingston base continued to be one of the most significant assets of the company. 12 years of the 15 year lease have now passed, and conversations were initiated with the landlord to negotiate a purchase of the building, but it was clear that this was currendy not a possibility. However there does seem to be potential to extend the lease, for which we expect to enter negotiations in the financial year 25126. In the event this is not possible, or if the Company is unable to meet rent increases, the Company s previous model of hiring studio and Offi￿ space will be adopted again whilst a pemianent solution is sought Future Plans BalletBoyz continues to develop and produce a range of projects across its varied strands of stsge work, digital work and educational programmes to maintain its strong position in the British Cultural Sector. New Creation Reversing the model that has seen so much success in previous years. whereby a new work for the stage is created and subsequendy adapted for the screen, the Company now endeavours to be primarily digital and film focused in the first instance, for possible adaptation for the stsge afterwards. Recognising the Company's own Page 7

Do¢u5ign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED IA Company Limited by Guarantee TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 creative development as well as changing extemal factors, the reversal of the Company's former model will more closely marry the hvin strands of stage and screen, and enable a greater depth within each creation. Creating digitally first will also serve as an exercise in marketing for possible later live perft)rmances, resulting in increased audien￿ attendance and ticket sales. The Company's new creation for the current Arts Council England NPO funding period {2023-2026) is England on Fire, inspired by Stephen Ellcock and Mat Osman's book of the same name. Exploring themes of belonging, identity, and rebellion, the work will seek to bring together a wide array of voices and experiences and present these in a thought-provoking and entertaining way. Following the live presentation of the initial R&D work at Sadlerfs Wells in November 2024. the work will now be developed into a feature film shot on location. A second digital work will be created in 24125, The Principles of Classical Dan￿, based on photographer Anthony Crickmay's book of the same name. A co-production be￿een BalletBoyz, The Royal Ballet, and the V&A, the work is intended to be a short film installation at the V&A museum and will also be a part of the first dance on screen season at Curzon Cinemas. The film will be shot at the Holloway Production Studio in September 2024. Although it remains the Company's ambition to create excellent art both on screen and on stage, the Trustees are acutely aware of a rapidly changing landscape, making the viability of live touring increasingly unsustainable. Future tours will operate through an adapted model to make the Company more financially and environmentally sustainable, meaning shorter tours with fewer performances, but with a more targeted approach to which venues are chosen and the number of performances at each venue. To repla￿ the audiences lost by having shorter tours, creations will be shared digitally through cinema releases, TV broadcasts, and online streaming. Participation Based on the structure and framework for the Rumpelstslzchen and Young Men educational reSoUr￿s, a resource for England on Fire is being created for release on MoovBank. BalletBoyz Parkinson s CAN Dan￿ classes continue to be held in person and on Zoom. Annually, the class is opened up to the extensive waiting list, enabling more people to be introduced to the classes. The afternoon session will also be streamed on Zoom for those participants who remain uncomfortable with visiting the studio or whose physical condition prevents them from doing so. Supplementary activits.es will conb.nue to be develop, increasing the creative and cultural benefits on offer from the programme. The Company's inclusive dance sessions will be reintroduced in September 2024 in partnership with Kingston College, for an initial 'pilot' term. This will then be evaluated to determine if any adjustments to delivery need to be made. There are also plans in development for a new creative learning programme delivered together with the charity Hospital Rooms, whereby BalletBoyz company dan￿rS will visit NHS mental health units throughout the UK to run movement workshops. Structure, Governance and Management Governing document BalletBoyz Ltd is a charitable company limited by guarantee, incorporated on 7 November 2000 and governed by ils Memorandum and Articles of Association. In the event of the company being wound up, the members are required to contribute an amount not exceeding £1. Appointment of tmstees The Board of Trustees may from time to time and at any time appoint any member ofthe company as a member of the Board of Trustees either to fill a temporary vacancy or by way of addition to the Board of Trustees, provided that the prescribed maximum {12 members) is not thereby exceeded. Any member so appointed shall retain their Offi￿ only until the next Annual General Meeting. but they shall then be eligible for re*lection. The current Chair ofthe Board of Trustees has been in post Sin￿ February 2016. Page 8

Do¢u5ign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED IA Company Limited by Guaranteel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tnjstee induction process 'New Trustees are introduced to the Board and the Artistic DirectorslExecutive prOdu￿rs, and are provided with an introduction to the Charity and their role and responsibilities including copies of the most recent sets of accounts, NPO application, background and history to the Charity and ambitions and strategies for the next few years Organisational operation The Board of Trustees administers the charity- The Board normally meets each quarter. An executive team is appointed by the Trustees to manage the day-to-day operations of the charity. To facilitale effective operation the Executive Team has delegated authority, within the tems of delegation approved by the Truslees, for operational matters including employment and artistic performance related activity. A Finance Manager was appointed in 2017 to oversee accounting and financial matters as part of the Executive Team. A Finance Sub£ommittee of trustees meets On￿ a quarter to evaluate financial performan￿ in detail and reports to the Board at meetings of the Trustees. An Environmental Sub-committee meets bi-annually to evaluate the Company's actions taken to minimise its environmentsl impact and to review new strategies and methods. BalletBoyz Trustees take ultimate legal and financial responsibility for the Company while the day to day running of the charity is delegated to the Executive Team. Relationships between charity and related parties None of the Trustees re￿1ve remuneration or other benefit from their work with the charity. Any contractual relationship with a related party must be disclosed to the full Board of Trustees. Details of related paty transactions in the year are set out in the notes to the accounts. Pay policy for senior staff When setting staff pay, other comparable roles within the industry are benchmarked to ensure pay is in line with peers. Salaries are reviewed annually. Appointment of new auditors Nyman Libson Paul LLP were appointed by the trustees as auditors during the year following a lender process. Approved by order of 22 November 2024 the members of the board of and signed on their behalf by: Trustees on Dotus￿￿•d br. D685B80 Timothy Waldman (Chair of Trustees) Page g

Do¢u5ign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED IA Company Limited by Guarantee STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the charity and of its incoming reSoUr￿S and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., obsetve the methods and principles of the Charities SORP IFRS 102)., make judgments and accounting estimates that are reasonable and prudent-, state whether applicable UK Accounting Standards IFRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hen￿ for tskn'ng reasonable steps for the prevention and detection of fraud and other irregularities. Page 10

Do¢u5ign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED IA Company Limited by Guarantee INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BALLETBOYZ LIMITED Opinion We have audited the financial statements of BalletBoyz Limited (the 'charity') for the year ended 31 March 2024 which comprise the Statement of Financial Activities. the Balan￿ Sheet, the Slatement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practi￿). In our opinion the financial statements". give a true and fair view of the stste of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources. induding its income and expenditure for the year then ended., have been properly prepared in accordan￿ with United Kingdom Generally AC￿pted Accounting practi￿., and have been prepared in accordan￿ with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing IUKI {ISAs (UKI) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordan with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan￿ with these requirements. We believe that the audit eviden￿ we have Obtained is sufficient and appropnate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial ststements, we have concluded that the Trustees, use of the going concem basis of accountj'ng in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authoiised for issue. Our responsibilities and the responsibilities of the Trustees wth respect to going concern are described in the relevant sections of this report. Page11

Do¢u5ign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED IA Company Limited by Guarantee INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BALLETBOYZ LIMITED (CONTINUED) Other information The other information comprises the infom)ation included in the Annual Report other than the financial statements and our Auditors. Report thereon. The Trustees are responsible for the other infomiation contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misststed. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial ststements themselves. If. based on the work we have performed, we conclude that there is a material misststement of this other infomiation, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements. the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion. adequate accounting records have not been kept. or retums adequate for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all Ihe infomiation and explanations we require for our audit., or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the Trustees, Report and from the requirement to prepare a Strategic Report. Page 12

Do¢u5ign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED IA Company Limited by Guarantee INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BALLETBOYZ LIMITED (CONTINUED) Responsibilities of trustees As explained more fully in the Trustees, Responsibilities Statement. the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial ststements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is ne￿SSary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concem, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditors. responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to Influen￿ the economic decisions of users taken on the basis of these financial statements. Irregularities, induding fraud, are inStan￿S of non•compl1an￿ with laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misststemenls in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We focused on laws and regulations which could give rise to a material misstatement in the financial statements. Our tesls included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of intemal controls, including testing journals and evaluating whether there was eviden￿ of bias by the directors that represented a risk of material misstatement due to fraud. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. A further description of our responsibiltties for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.or -uklauditorsres nsibilits'es. This description forms part of our Auditors, ReF)Ort. Page13

Do¢u5ign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED IA Company Limited by Guaranteel INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BALLETBOYZ LIMITED (CONTINUED) Use of our report This report is made solely to the charitable company's members, as a body, in accordan￿ with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charilable company's members those matters we are required to state to them in an Auditors. Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the chantable company and its members. as a body, for our audit work. for this report, or for the opinions we have formed. Andrew Thomas (Senior Statutory Auditor) for and on behalf of Nyman Libson Paul LLP Chartered Accountants Statutory Auditors 124 Finchley Road London NW3 5JS Date.. 29 November 2024 Page 14

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 Registered number: 4109324 Charity number: 1088336 BALLETBOYZ LIMITED (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee CONTENTS Page Reference and Administrative Details of the Charity, its Trustees and Advisers Trustees. Report Trustees. Responsibilities Statement 10 Independent Auditors. Report on the Financial Statements Statement of Financial Activities Balance Sheet 16 Statement of Cash Flows 17 Notes to the Financial Statements 18-38

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Michael Timothy Waldman, Chair Mary Anne Cordeiro Natasha Duffield (resigned 17 September 2024) Anne Fowler Kate Gavron Thomas Hope Phoebe Reith Ibery Matthew Sandiford Steven Berryman (appointed 26 April 2024) Kwesi Dickson (appointed 26 April 2024) Company registered number 4109324 Charity registered number 1088336 Registered office 52a Canbury Park Road Kingston Surrey KT2 6JX Company secretary Nike van Schie ArtisticlExecutive Directors Michael Nunn OBE William Trevitt OBE Patron Dame Vivian Duffield Independent auditors Nyman Libson Paul LLP Chartered Accountants 124 Finchley Road London NW3 5JS Bankers Royal Bank of Scotland PLC 40 Islington High Street London N18XB Page 1

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The reference and administrative details set out on page 1 form part of this report. The financial statements comply with Charities Act 2011, the Companies Act 2006. the Memorandum and Articles of Association 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). Principal Activity The principal activity of the Company is the advan￿ment of education for public benefit by the promotion of the arts, in particular but not exclusively, in the art of dan￿. Objectives and Activities 'To make great art and seek out new audiences, These continue to be the twin ambib-ons and the guiding principles of BalletBoyz, founded in 2000 by multi- disciplinary artists Michael Nunn OBE and William Trevitt OBE. The Company's approach is simple" to make the most interesting live and digital performances and works of art possible by working with the very best choreographers, composers, artists, designers, and filmmakers, and to reach new audiences by presenting them in the most accessible way possible across a range of disciplines. Over the last 24 years BalletBoyz has been awarded Olivier. Southbank Show, TMA and Time Out Awards (among others}, and was named Best Independent Dance Company by the Critics, Circle National Dance Awards in 2013. BalletBoyz has also won an International Emmy. several Rose D'or awards, and Golden Prague Jury Grand Prix awards for film and television work alongside numerous nominations. Mission Statement BalletBoyz promotes excellen￿ in dan￿ through live performan￿. film, installations and participation, creating a legacy of outstanding new work that appeals to a wide audience nationally and internationally. The core aims of BalletBoyz are made up of three parallel and equally important strands. each with the company's repertoire and creative output at its core. delivered through consistent collaborations. partnerships and commissions. Core Aims and Objectives: To Create - making original and adventurous creations that se￿e to demystify, provoke and, most importantly, entertain. To Present - tsking an accessible approach to presenting live and digitsl work which allows art to be shared widely around the UK and internationally, whilst continuing to develop new markets and audiences. To Share - using the broad scope of the Company's activity both in person and online to continue developing projects which reach diverse collaborators and audiences. In shaping objectives for the year and planning activities, the Trustees have considered the Charity Commission's guidance on public benefit. including the guidance "public benefit- running a charity (PB2)" Arts Council England's 10-year plan and vision -LeYs Create. is inherent to the Company's planned activity and its four Investment Principles. Ambition & Quality- Inclusion & Relevan￿., Dynamism., and Environmental Responsibility have been incorporated throughout. Page 2

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Strategies for achieving aims and objectives Since the Company's formation in 2000. BalletBoyz has consistently demonstrated a high level of artistic credibility and received positive feedback from aUdien￿S. theatre programmers. and programmers of digital content in the UK and abroad. The Company's steadily evolving identity and continuous aptitude for innovation and reinvention has resulted in a repertoire of award-winning choreography and digital work in a broad range of styles which is publicly known to be diverse. inventive, accessible. and of the highest quality. As an Arts Council England National Portfolio Organisation. the Company is currently in the Investment Programme funding period 2023-2026. Throughout this funding period, the Trustees, aims and ambitions embody a consolidation of the creative trajectory the Company has been on in the past five years through a set of ambitious projects that will challenge BalletBoyz artistically and push the Company in new directions. Planned activity will allow the Company to explore new markets and audiences. initiate and develop new creative relationships, and diversify income streams. Planned activity for the next financial year is as summarised in the following paragraphs. Building on the Company's strong reputation for commissioning. curating, and producing, the coming period will see new creations that are diverse in terms of content. style, and creative team. with a particular focus on developing the Company's artistic identity within the cultural landscape as an organisation with a specialist ability to marry live performance, digital creations. and dan￿. Since the pandemic in 2020, the Company has ensured a level of risk-averse elements within projects to mitigate against the uncertainty and unpredictability of a risky artistic climate. Although there remains a high level of uncertainty specifically within the area of arts funding, as the volatility of the cultural landscape in the UK has to a degree become easier to navigate, there is now a renewed desire to be more risk-taking in artistic projects and decisions. This has historically been abundantly rewarding, and lucrative in terms of audience engagement. income. and artistic fulfilment. In 2024125, the Company will continue the development of its new work England on Fire, an R&D version of which was presented to a live audience at Sadler's Wells in November 2023. The sold-out stage production will serve as the seed for a narrative feature length film shot on location. England on Fire will be a powerful work, the strength of which will lie in the wealth of voices involved in its creation and development through various iterations. The initial presentation of the production at Sadlerfs Wells involved 50+ collaborators, making it the Company's most ambitious and collaborative project to date. This approach enables numerous opportunities to discover and foster relationships with new and diverse talent, allowing the Company to work with the best emerging dancers, choreographers. composers and artists. New relationships will also be sought out with programmers, broadcasters. presenters. distributors. venues. and directors. in order to develop a model to allow work and audiences to be further diversified. BalletBoyz remains committed to sharing its work as much as possible and uses a wide range of platforms to do so. These include digital resources and bespoke programmes for specific groups. An online educational resource is being developed for England on Fire, designed to fit in with the national curriculum, which will be available free of charge on the Company's platform MoovBank. The platform will also see additional development, particularly in regard to its distribution. Parkinson's CAN Dance will continue to be refined and developed with supplementary activities outside of the main classes. and the Company will be reintroducing inclusive dance classes in September 2024 after a four-year hiatus. Achievements and activity 2023-2024 Stage Work The research and development which we begun in March 2023 continued in the first and second quarter of 23124, and culminated in its first iteration as the stage work England on Fire. The show had four performances at Sadler's Wells in November 2023, was completely sold-out with a total audien￿ of 6,152, and in employing 79 freelancers, 52 of which were creatives, the stage work is the most collaboratively ambitious work to date. On stage performers included 15 dancers. 12 live musicians, and a punk rock band of 4 players. Bringing together so many components and creatives was a rewarding artistic challenge and the show became a powerful evocation of creativity. The feasibility of touring the work regionally was explored but despite the ambition to realise such a tour and the creative value it would bring to local areas. projected losses were determined to be Page 3

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 too high, particularly as a result of the steadily declining fees and income from theatres. This is however as expected and in line with plans as outlined following the previous financial year, to redu￿ live touring for a period of time and to deliver activity through other platforms. The work was originally inspired by Stephen Ellcock and Mat Osman's book of the same name, and Stephen's response to the performances perfectly sums up how the Company's ambitions were realised.. It was an absolute joy and privilege to see England on FI￿ being brought to lrfe at Sadlerfs Wells last week. It was a wonderful and memorable experien￿ and one that I will always treasure. I thoroughly enjoyed and appreciated everything about the production. which was audacious, hugely ambitious, allusive, electrifying and haunting. It was a remarkable spectacle. the impact of which resonated long after I had left the theatre. All the elements combined to create a woth which managed the incredibly difficult feat of conjuring up all the magic, sense of wonder, anarchy and rebellious spirit that l attempted to capture in the original book, whilst simultaneously evoking and embodying the impossibly complex. contradictory nature of the English psyche. Every aspect of the production was temfic.. the dance￿, choreography, the music. costumes, lighting, set design, sound design etc. and every single member of your extended crew deseNes the highest praise and. from a purely personal point of view, my deepest gratrtude for breathing bold and vital new lrfe into a con￿pt that has been rattling around in my own battered and beleaguered psyche for many. many years. Everybody I know who came along to Sadleffs Wells last week seemed to love and appreciate it. including nephews and friends, children who have very little. rf any. previous experience of live dance, performance, or even theatre, which I think is very gTrtrfying and a fantastic testimony to the power and resonance of the production. Thank you again for your remarkably sensitive and imaginative response to the book. The production definitely captured the spirit of both the book and of 'Albion' itself/herself. In November 2023, the Company organised and produced a fundraising performance gala for the charity Borne, in support of researching premature births. There was no international touring in the financial year 23124. Relationships with venues, promoters, and festivals were maintained however, with a view to tour again in the financial year 25126. Territories outside the UK include North America, Australia, Gemiany. Italy. Scandinavia. and China. Digital Wo In pursuit of creating an improved platform for sharing dance on screen, where the Company has identified an opportunity in the market, a partnership with cu￿on Cinemas continues to be in development which will eventually see BalletBoyz curate and produce a cinematic dance season, possibly on a rolling basis. The intention is for dance companies. including BalletBoyz as well as independent artists, to have a new outlet for digital dance work. The partnership would also foster audience diversification, for BalletBoyz itself as well as for the wider dance and performing arts sector. The stage iteration of England on Fire at Sadlerfs Wells was filmed in order to be able to share the work with a broader audience outside of London. This was post-produced in early 2024 and released on MarqueeTV in April 2024. Post-production was completed on the on-location films of the repertoire forming the Company's double bill Deluxe. The films have been licensed to MarqueeTV for online streaming and may also form part of a future dance on screen season at Curzon Cinemas. Maxine Doyle's work Bradley 4."18, originally created for the stage as part of Deluxe and later produced as an on-location film, was nominated for a Golden Prague in November 2023. Page 4

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 In the financial year 2023124, the Company continued c(Fproduction on the short film Adieu with Thick & Tight and Corali Dance Company, and Limpet with former BalletBoyz dancer Harry Price. The Company also supported the distribution of former BalletBoyz dancer Edd Amold's film By The Sea. In July 2023, a short film Visions was shot in the Company's studio in Kingston with choreographer Edd Arnold and dance artist Holly Vallis, which was later included as on-stage projection for England on Fire. By the Sea was a dan￿ screen project by BalletBoyz alumni Edd Arnold and Sean Flanagan and explored the relationship be￿een humanity and the sea. Shot over two days on the south coast of England, the film captures the supreme power of water under an imposing storm. With the dancers positioned at the centre of this force of nature costumed in recycled ocean plastics - By the Sea offers a poignant statement of a fragile future that's ours to secure. BalletBoyz provided advisory support for shooting on location and creating dance for screen, and supported the production through use of studio space and equipment. The film was released on the online platform Nowness, and won Best Cinematography and Best Short at Exeter Short Dance Film Festival in October 2023, as well as receiving the following accolades.. Best Dance Film, Global Short Film Festival, Cannes., Finalist, LA International Film Festival- Honourable Mention, Greenwich Film Festival,. Honourable Mention, Covent Garden Film Festival.. Official Selection. International Portrait Film Festival, Bulgaria,. Official Selection, Cinedanza Festival, Italy" Official Selection, ArtGarageDanceCompany, Italy., Official Selection, Key Plus Dance, Japan,. Official Selection, Still Voices, Ireland., Official Selection, Muestra Movimiento Audiovisual, Mexico- Official Selection. Fish Eye Film Festival. UK.. Finalist, LA International Film Festival. For Adieu, BalletBoyz supported dance theatre company Thick & Tight to develop their stage work of the same name into a short film. In collaboration with Corali Dance Company. the work brings together queer and learning disabled artists to offer a new insight into Derek Jarman and his work. BalletBoyz supported the production through use of equipment and studio space. as well as advisory support and on-site assistance during the shoot in March 2023 at Prospect Cottage in Dungeness. and filming material for beh1nd-the-S￿neS content. The work allows the performers to connect to important and complex subjects that are traditionally reseNed for non- disabled or academic environments, which in turn opens up new conversations and awareness for audiences. Adieu remains in post-production at the end of 23124 and is expected to finish in 24125. Limpet is produced and directed by BalletBoyz alumnus Harry Price. In an exploration of unhealthy dependent relationships, Harry translates the darker facets of the human experience into movement. Taking a non-linear course, at once visually claustrophobic and disorienting. Limpet straddles the conflicting emotions that underscore the dynamic, challenging the stereotypes often portrayed in dance film. The film was released online on the Nowness platfom in April 2024. These co-productions are part of the Company's ongoing pursuit of in-house continuous professional development and career development. supporting the artists and staff we work with to diversify skill sets and encouraging on-going curiosity. Filmed versions of previous stage products-ons remain available for purchase internationally on the BalletBoyz Vimeo on Demand platform. MoovBank The free, online, educational dance platform continues to grow both in content and number of subscribers, with over 2,900 individuals and schools now using the platfomi. The content created by the Company and hosted on the website is incredibly varied. ranging from structured tutorials and lesson plans designed to fit the UK curriculum, to simple warm-up and movement exercises that can be completed at home, to recorded Parkinson's CAN Dance lessons delivered by trained specialists. Alongside the addition of small-scale content. a new educats.on package for GSCE students has been created and designed to tie in with the stage presentation version of England on Fire. The pack delves into both the material of the production itself as well as the inspiration and creation process. The resource has been in production throughout 23124. and will be released in time for the academic school year 2024125. A second part to Page 5

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 the educational resource will be prodU￿d alongside the creation of the feature film. MoovBank remains accessible from anywhere in the worfd and is completely free to use. Creative Learning The Company's long-running Parkinson's CAN Dance classes have continued throughout 2023124. Two classes a week are held, in person and on Zoom for participants who are unable to attend in person. Some semesters are taking place at the Kingston Workmen's Club, enhancing the Company's local connections and adding a supplementary element of socialising to the classes. Further supplementary activities are now included as part of the programme as well, including film screenings in the studio and singing workshops. The programme remains entirely funded by BalletBoyz. without other investment, as its reach is primarily limited to the local area. Because of the significant benefits observed in participants, the Trustees view this as a justifiable expense. It is hoped that outside funding can be raised in future years. The Company's inclusive dance offering. formerly known as The Amazings, will be reintroduced in September 2024, following evaluations in this financial year about how the programme is delivered. Classes will be delivered in partnership with Kingston College. and will include former BalletBoyz dancers as some of the class leaders in order for participants to experien￿ a direct link to the Company's repertoire. Diversity The Company and its Trustees remain highly conscious of the need to improve diversity within the arts throughout all activity undertaken. Specifically. the Company has identified three areas in which it is making focused efforts to increase inclusion- Gender diversity in both creatives and crew. Ethnic minority and socio*conomic diversity in creatives. leadership, on stage and on screen. Differently abled people across all areas. In order to achieve this, the following actions have been taken- All members of staff undertake regular training and CPD sessions, as well as directors and trustees. Anyone new entering the building is asked if they have any access requirements. This is done both on the understanding that people coming into the building may need reasonable adjustments to be made before their visit, and in order to normalise the process of making such adjustments. The Company's ownership of a portable ramp and the building's inclusion of an ac￿Ssible toilet on the ground floor allows building adjustments to be made to enable access to and use of the ground floor by individuals with specific access requirements. Anyone with whom the Company engages is required to complete an anonymous Equality and Diversity Monitoring Form. Environmental Responsibility The Trustees are becoming increasingly conscious of the Company's Environmental Responsibility as a leading arts organisation. The Company is now BAFTA albert certified for climate action and staff attend regular training and CPD sessions to further their knowledge about how to minimise the Company's environmental impact. A Green Memo {or Environmental Policy) has been put in pla￿ as part of official Company policy. This policy is shared with all employees and freelancers with whom the Company engages and will encourage many and all possible small changes to make a significant impact. The Company is also placing a lot of importance on recycling as much and as often as possible" everything from general office waste to sets and costumes for new productions. England on Fire included the use of LED lighting, reused set material, and a completely second-hand set of costumes for all 15 dancers. Financial Review There was a net decrease of £46,100 (2023.. net increase £266.965) in the year on a turnover of £669,938 Page 6

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 (2023. £820,971). Unrestricted reseNes stand at £645,427 (2023.. £657.800), which is a decrease of £12,373 (2023.. increase of £194,009} on the previous year. Arts Council NPO grant of £305,520 was received. Unrestricted funding of £25,000 was re￿iVed from The Robert Gavron Charitable Trust. Unrestricted funding of £93,750 was received from philanthropy. A totsl of £439,542 in donations was received in the year (2023.. £468.071). The Reserves Policy states that an amount equivalent to three (31 months of running costs is retained in the event that the Company is wound up. This is currently at approximately £100,000. Any remaining unrestricted funds can be spent on artistic activity as approved by the Trustees. Total funds at the year end amounted to £943,167 (2023: £989,267) which comprise general funds of £282,242 (2023.. £294,615), designated funds of £363,18512023. £363,185) and restricted funds of £297.740 (2023. £331,467). Free reserves at the year end amounted to £261.294 which the Trustees consider sufficient to cover future expenditure. Risk BalletBoyz is a company which consistently and successfully takes artistic risks. and a company which knows how to reap the benefits from both the successes and areas of improvement that taking such risks creates. However, risks to the stability and longevity of the company need to be recognised and mitigated. Currently the highest risk the Company faces are the significant financial changes taking place in the wider arts industry, chiefly rising costs paired with reduced public funding. There is a crowded marketplace with many artists competing for funds from trusts and foundations. Consequently. activity plans are carefully considered before being confirmed. and value for money is stringently sought throughout. Cashflow is carefully monitored, and quarterly meetings are held with a Finan￿ Sub£ommittee to ensure rigorous evaluation of all risks, including financial. The particular consequences of Brexit are still unclear. making it challenging to plan meaningfully. Expected concerns include the appeal of UK companies to European dancers, the ability to employ European dancers, and the rise in European touring costs and administrative complexity as a result of the UK'S departure from the EU. An unexpected factor which has become apparent in the most recent tour12021122} is the steep increase in domestic costs, indicating that the most impactful repercussion for the Company is and will be financial. Progress and development are monitored dosely and plans will be adapted as and when necessary. The Company's Kingston base continued to be one of the most significant assets of the company. 12 years of the 15 year lease have now passed. and conversations were initiated with the landlord to negotiate a purchase of the building, but it was clear that this was currently not a possibility. However there does seem to be potential to extend the lease, for which we expect to enter negotiations in the financial year 25126. In the event this is not possible, or if the Company is unable to meet rent increases, the Company's previous model of hiring studio and office space will be adopted again whilst a permanent solution is sought. Future Plans BalletBoyz continues to develop and produce a range of projects across its varied strands of stage work, digital work and educational programmes to maintain its strong position in the British Cultural Sector. New Creation Reversing the model that has seen so much success in previous years. whereby a new work for the stage is created and subsequently adapted for the screen. the Company now endeavours to be primarily digital and film focused in the first instance, for possible adaptation for the stage afte￿ards. Recognising the Company's own Page 7

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 creative development as well as changing extemal factors, the reversal of the Company's former model will more closely marry the ￿1n strands of stage and screen. and enable a greater depth within each creation. Creating digitally first will also serve as an exercise in marketing for possible later live performances, resulting in increased audience attendance and ticket sales. The Company's new creation for the current Arts Council England NPO funding period12023-2026} is England on Fire, inspired by Stephen Ellcock and Mat Osman's book of the same name. Exploring themes of belonging, identity, and rebellion, the work will seek to bring together a wide array of voices and experiences and present these in a thought-provoking and entertaining way. Following the live presentation of the initial R&D work at Sadler's Wells in November 2024, the work will now be developed into a feature film shot on location. A second digital work will be created in 24125, The Principles of Classical Dance, based on photographer Anthony Crickmay's book of the same name. A c(Fproduction between BalletBoyz, The Royal Ballet, and the V&A, the work is intended to be a short film installation at the V&A museum and will also be a part of the first dance on screen season at cu￿on Cinemas. The film will be shot at the Holloway Production Studio in September 2024. Although it remains the Company's ambition to create ex￿lIent art both on screen and on stage, the Trustees are acutely aware of a rapidly changing landscape, making the viability of live touring increasingly unsustainable. Future tours will operate through an adapted model to make the Company more financially and environmentally sustainable, meaning shorter tours with fewer performances. but with a more targeted approach to which venues are chosen and the number of performances at each venue. To replace the audiences lost by having shorter tours, creations will be shared digitslly through cinema releases, TV broadcasts. and online streaming. Participation Based on the structure and framework for the Rumpelstilzchen and Young Men educational resources, a resource for England on Fire is being created for release on MoovBank. BalletBoyz Parkinson's CAN Dan￿ classes continue to be held in person and on Zoom. Annually, the class is opened up to the extensive waiting list, enabling more people to be introduced to the classes. The afternoon session will also be streamed on Zoom for those participants who remain uncomfortable with visiting the studio or whose physical condition prevents them from doing so. Supplementary activits-es will continue to be develop, increasing the creative and cultural benefits on offer from the programme. The Company's inclusive dance sessions will be reintroduced in September 2024 in partnership with Kingston College, for an initial 'pilot' term. This will then be evaluated to determine if any adjustments to delivery need to be made. There are also plans in development for a new creative learning programme delivered together with the charity Hospital Rooms, whereby BalletBoyz company dancers will visit NHS mental health units throughout the UK to run movement workshops. Structure, Governance and Management Governing document BalletBoyz Ltd is a charitable company limited by guarantee. incorporated on 7 November 2000 and governed by its Memorandum and Articles of Association. In the event of the company being wound up, the members are required to contribute an amount not exceeding £1. Appointment of t￿SteeS The Board of Trustees may from time to time and at any time appoint any member of the company as a member of the Board of Trustees either to fill a temporary vacancy or by way of addition to the Board of Trustees, provided that the prescribed maximum (12 members) is not thereby eX￿eded. Any member so appointed shall retain their office only until the next Annual General Meeting, but they shall then be eligible for re-election. The current Chair of the Board of Trustees has been in post Sin￿ February 2016. Page 8

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Tnistee induction process 'New Trustees are introduced to the Board and the Artistic DirectorslExecutive Producers, and are provided with an introduction to the Charity and their role and responsibilities including copies of the most recent sets of accounts, NPO application. background and history to the Charity and ambitions and strategies for the next few years Organisational operation The Board of Trustees administers the charity. The Board normally meets each quarter. An executive team is appointed by the Trustees to manage the day-to-day operations of the charity. To facilitate effective operation the Executive Team has delegated authority, within the temis of delegation approved by the Trustees, for operational matters including employment and artistic performance related activity. A Finance Manager was appointed in 2017 to oversee accounting and financial matters as part of the Executive Team. A Finance Sub-committee of trustees meets once a quarter to evaluate financial performance in detail and reports to the Board at meetings of the Trustees. An Environmental Sub-committee meets bi-annually to evaluate the Company's actions taken to minimise its environmental impact and to review new strategies and methods. BalletBoyz Trustees take ultimate legal and financial responsibility for the Company while the day to day running of the charity is delegated to the Executive Team. Relationships between charity and related pa￿eS None of the Trustees receive remuneration or other benefit from their work with the charity. Any contractual relationship with a related paty must be disclosed to the full Board of Trustees. Details of related party transactions in the year are set out in the notes to the accounts. Pay policy for senior staff When setting staff pay, other comparable roles within the industry are benchmarked to ensure pay is in line with peers. Salaries are reviewed annually. Appointment of new auditors Nyman Libson Paul LLP were appointed by the trustees as auditors during the year following a tender pro￿sS. Approved by order of 22 November 2024 the members of the board of and signed on their behalf by.. Trustees on Do¢uSSAned by.. (ijth Dfj￿B8 1Sael Timothy Waldman (Chair of Trustees) Page 9

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees {who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and pnnciples of the Charities SORP (FRS 102}', make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going COn￿M basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 10

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF BALLETBOYZ LIMITED Opinion We have audited the financial statements of BalletBoyz Limited (the 'charity') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial 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 AC￿pted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the stste of the charitsble company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended., have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordan￿ with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK}} and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page11

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF BALLETBOYZ LIMITED (CONTINUED Other infonnation The other information comprises the information included in the Annual Report other than the financial statements and our Auditors, Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent othewise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements. the Trustees. Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the ft)Ilowing matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and retums,. or certain disclosures of Trustees. remuneration specified by law are not made" or we have not received all the information and explanations we require for our audit., or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the Trustees, Report and from the requirement to prepare a Strategic Report. Page 12

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF BALLETBOYZ LIMITED (CONTINUED Responsibilities of trustees As explained more fully in the Trustees, Responsibilities Statement. the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. Auditors. responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to Influen￿ the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our prO￿dureS are capable of detecting irregularities, including fraud is detailed below" We focused on laws and regulations which could give rise to a material misstatement in the financial statements. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of intemal controls. including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. vMw.frc.or .uklauditorsres onsibilities. This description forms part of our Auditors, Report. Page 13

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF BALLETBOYZ LIMITED (CONTINUED Use of our report This report is made solely to the charitable company's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to stste to them in an Auditors, Report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body. for our audit work, for this report, or for the opinions we have formed. Andrew Thomas (Senior Statutory Auditor) for and on behalf of Nyman Libson Paul LLP Chartered Accountants Statutory Auditors 124 Finchley Road London NW3 5JS Date: 29 November 2024 Page 14

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Charitable activities Investments 434,042 101.391 9,304 115.081 5,500 4,620 439,542 106,011 9,304 115,081 468,071 318,804 1,851 32,245 Other income Total income 659.818 10,120 669,938 820,971 Expenditure on: Charitable activities 704.630 11,408 716,038 554,006 Total expenditure 704.630 11.408 716,038 554,006 Net lexpenditure)lincome Transfers be￿een funds (44,812) 32.439 (1.288) (32,439) (46,100) 266,965 17 Net movement in funds (12.373) (33.727) (46,1001 266,965 Reconciliation of funds: Total funds brought forward Net movement in funds 657.800 (12.373) 331.467 (33.727) 989,267 (46,100) 722,302 266,965 Total funds carried forward 645,427 297,740 943,167 989,267 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 18 to 38 form part of these financial statements. Page 15

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED IA Company Limited by Guarantee REGISTERED NUMBER: 4109324 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Tangible assets 13 118,268 172,139 118,268 172,139 Current assets Debtors 14 144.489 55.457 648,160 109,364 63,092 671,881 Investments 15 Cash at bank and in hand 848.106 844,337 Creditors.. amounts falling due within one year 16 (23.207) (27,209) Net current assets 824,899 817,128 Total net assets 943.167 989,267 Charity funds Restricted funds 17 297,740 645,427 331,467 657,800 Unrestricted funds 17 Total funds 943,167 989,267 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were 22 November 2024 approved and authorised for issue by the Trustees and signed on their behalf by.. on D￿us￿Jned by. D8BsB￿8l ael Timothy Waldman (Chair of Trustees)

JPF525C2B1A*he Fowler (Trustee) The notes on pages 18 to 38 form part of these financial statements. Page 16

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note Cash flows from operating activities Net cash used in operating activities 20 {40,660) 413,212 Cash flows from investing activities Dividends, interests and rents from investments Purchase of tangible fixed assets Proceeds from sale of investments 9,304 1,851 (12,1221 7,635 Net cash provided byl(used in) investing activities 16,939 (10,2711 Cash flows from financing activities Net cash provided by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year (23,721) 671,881 402,941 268,940 Cash and cash equivalents at the end of the year 21 648,160 671,881 The notes on pages 18 to 38 form part of these financial statements Page 17

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General information BalletBoyz Limited is a charitable company limited by guarantee and registered in England & Wales. Its registered office address is 52a Canbury Park Road, Kingston. Surrey, KT2 6JX. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP {FRS 102) 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 1021 (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. BalletBoyz Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheNise ststed in the relevant accounting policy. 2.2 Going concern The Trustees have reviewed the circumstances of the charity, and consider that adequate resources are available to fund the activities of the charity for the foreseeable future. The Trustees consider that there are no material Un￿rtaIntieS about the charivs ability to continue as a going concern. 2.3 Income Income is included in the Statement of Financial Acts-vities when.. the charity is legally entitled to the funds- any performance conditions attached to the income have been met or are fully within the control of the charity, there is sufficient certainty that re￿Ipt of income is considered probable- - the amount can be reliably measured. Donations and legacies Grants and donations, including Arts Council and local authority funding, are recognised in the year in which they are receivable and the criteria for recognition has been met, except as follows" when donors specify that grants and donations given to the charity must be used in future accounting periods, the income is deferred until those periods come into effect. when donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the preconditions for use are met. Charitable activities Theatre Income Income from box office. performance fees and sundry other theatrical income is recognised in the period in which the relevant show tskes place. Pro ects ecific Fundin When donors specify that donations and grants are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included within restricted funds when Page 18

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.3 Income (continued) receivable. Donated Facilities Donated services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated SeNi￿S and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services facilities of equivalent economic benefit on the open market., a corresponding amount is then recognised in expenditure in the period of receipt. Investment Income Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity- this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.4 Expenditure All expenditure is included on an accruals basis inclusive of any VAT which cannot be recovered and is recognised when.. there is legal or constructive obligation to make a payment it is probable that settlement will be required the amount of the obligation can be measured reliably Charitable Activities Theatre production costs incurred for the running of productions toured during the year. Support Costs The administrative and overhead costs associated with running the office from which the company operates as well as govemance costs. Support costs are wholly attributable to theatre production costs. Governance Costs Costs associated wth the constitutional and statutory requirements of the charity. 2.5 Pensions The company operates a def ned contribution scheme for the benefit of its employees. Contributions payable are recognised as expenditure when due. Page 19

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.6 Tangible fixed assets and depreciation Tangible fixed assets costing £1.000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tsngible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. as follows. Depreciation is provided on the following bases- Leasehold improvements Fixtures and fittings Straight line over the life of the lease 25°A on cost 2.7 Operating leases Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term. 2.8 Investments Current asset investments are measured and included in the accounts at their fair value. 2.9 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 2.10 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 20

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.11 Theatre tax relief Theatre tax credits are incents-ves provided to creative industries designed to promote culturally relevant productions in the UK, to incentivise investment into UK theatres that would othetwise take place outside the UK, and to support the necessary critical mass of infrastructure and skills in the UK for both today and in the longer term. Theatre tax credits are reported within other charitable income when they are receivable and the criteria for recognition has been met. 2.12 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisits.on or opening of the deposit or similar account. 2.13 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balan￿ Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 2.14 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 21

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estimates and areas of judgment In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The trustees do not believe that there is a significant risk of a material adjustment being made to the carrying amounts of assets and liabilities included in these financial statements within the next financial year. Income from donations and legacies Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Donations Grants 9.772 424,270 5,500 15,272 424,270 434,042 5,500 439,542 The Arts Council supported the Charty with a National Portfolio Organisation grant which amounted to £305,520 in 2024 (2023.. £305,520) which is included within grants. Unrestricted funds 2023 Total funds 2023 Donations 137,551 330,520 137,551 330,520 Grants 468,071 468,071 Page 22

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable activities Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Theatre income 101,391 4,620 106,011 Grants for specific projects 101.391 4,620 106,011 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Theatre income Grants for specific projects 125,536 125,536 193,268 193,268 125,536 193,268 318,804 Investment income Unrestricted funds 2024 Total funds 2024 Bank interest 9,304 9,304 Unrestricted funds 2023 Total funds 2023 Bank interest 1,851 1,851 Page 23

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Other incoming resources Unrestricted funds 2024 Total funds 2024 Theatre tax reliefl Film tax relief credits 115,081 115,081 Unrestricted funds 2023 Total funds 2023 Theatre tax relief l Film tax relief credits 32,245 32,245 Anatysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2024 Restricted funds 2024 Total 2024 Production costs 704.630 11,408 716,038 Unrestricted funds 2023 Restricted funds 2023 Total 2023 Production costs 516,544 37,462 554,006 Page 24

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Anatysis of expenditure by activities Acts'vities undertaken directly 2024 Support costs 2024 Total funds 2024 Production costs 597,317 118,721 716,038 Activities undertaken directly 2023 Support costs 2023 Total funds 2023 Production costs 452.345 101,661 554,006 Anatysis of direct costs Total funds 2024 Activities 2024 Directors'ldan￿rs, wageslsocial security costs Depreciation charge Musicianlcreative team fees 169,186 40,403 249,781 17,190 186 169,186 40,403 249,781 17,190 186 Production costs Travel Accommodationlsubsistence Marketinglpromotions Transport Technical equipment hire Merchandise Rent 2,727 5,393 1,275 17,002 17 39,757 18,212 29,482 6,706 2,727 5,393 1,275 17,002 17 39,757 18,212 29,482 6,706 Rateslheatinglcleaning Insurance Storage 597,317 597,317 Page 25

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Anatysis of expenditure by activities (continued) Anatysis of direct costs (continued) Total funds 2023 Activities 2023 Directors'ldancers, wageslsocial security costs Depreciation charge Musicianlcreative team fees 170,124 41,121 115,876 4,745 80 170,124 41,121 115,876 4,745 80 Production costs Travel Accommodationlsubsistence Marketinglpromotions Transport Technical equipment hire Merchandise Rent 16,357 3,149 11,026 14,379 141 35,089 17,871 16,531 5,856 16,357 3,149 11,026 14,379 141 35,089 17,871 16,531 5,856 Rateslheatinglcleaning Insurance Storage 452,345 452,345 Page 26

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Anatysis of expenditure by activities (continued) Anatysis of support costs Total funds 2024 Acts-vities 2024 staff costs 46,925 13,468 13,253 6,070 526 46,925 13,468 13,253 6,070 526 Depreciation Rent Rateslheatinglcleaning Telephone and fax Repairs, Maintenan￿ and IT support Financial reporting Printing, postage and ststionery Subscriptions and liCen￿S Sundries Bank charges Governance costs 4,187 6,000 1,722 6,046 7,872 493 4,187 6,000 1,722 6,046 7,872 493 12,159 12,159 118,721 118,721 Included within support costs are £12,159 of govemance costs (2023." £10,763) which comprise audit, accounting, legal and professional costs attributable to the governan￿ of the charity. Page 27

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Anatysis of expenditure by activities (continued) Anatysis of support costs (continued) Total funds 2023 Acts-vities 2023 Staff costs 42,753 13,708 11,697 5,957 348 42,753 13,708 11,697 5,957 348 Depreciation Rent Rateslheatinglcleaning Telephone and fax Repairs, maintenance and IT support Financial reporting Printing, postage and stationery Subscriptions and liCen￿S Sundries Bank charges Governance costs 4,127 6,000 514 4,602 616 576 4,127 6,000 514 4,602 616 576 10,763 10,763 101,661 101,661 10. Auditors. remuneration 2024 2023 Fees payable to the charity's auditor for the audit of the charity's annual accounts 8,250 5,500 Fees payable to the charity's auditor in respect of.. All taxation advisory services not included above All non-audit services not included above 2,250 2,000 5,250 11. Trustees, remuneration and expenses During the year, no Trustees received any remuneration or other benefits {2023 - £NIL). During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL). Page 28

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Stsff costs 2024 2023 Salaries and wages Social security costs Pension costs 188,250 22,213 5,648 184,500 18,842 9,535 216,111 212,877 The average number of persons employed by the charity during the year was as follows.. 2024 No. 2023 No. Administration Production The number of employees whose employee benefits {excluding employer pension costs) ex￿eded £60,000 was.. 2024 No. 2023 No. In the band £70,001- £80,000 Total key management remunerats.on during the year to 31 March 2024 totslled £169,186 (2023.. £170,124). Page 29

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Tangible fixed assets Leasehold Fixtures and improvements fittings Total Cost or valuation At 1 April 2023 486.587 301,883 788,470 At 31 March 2024 486,587 301,883 788,470 Depreciation At 1 April 2023 Charge for the year 356.828 32,439 259,503 21,432 616,331 53,871 At 31 March 2024 389.267 280,935 670,202 Net book value At 31 March 2024 97,320 20,948 118,268 At 31 March 2023 129,759 42,380 172,139 14. Debtors 2024 2023 Due within one year Trade debtors Other debtors 10,002 6,906 127,581 5,176 15,308 88,880 Prepayments and accrued income 144,489 109,364 15. Current asset investments 2024 2023 Short term production investments 55,457 63,092 Page 30

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Creditors: Amounts falling due within one year 2024 2023 Trade creditors 1,530 5,960 1,480 12,112 5,857 1,230 10 Other taxation and social security Pension creditor Other creditors Accruals and deferred income 14,226 8,000 23,207 27,209 Page 31

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Ststement of funds ststement of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure Unrestricted funds Designated funds Monument Trust Legacy grant 363,185 363,185 General funds General Funds- all funds 294,615 659,818 (704,630) 32,439 282,242 Total Unrestricted funds 657,800 659,818 (704,630) 32,439 645,427 Restricted funds Fixed asset fund 129,759 {32,439) 97,320 MoovBank (previously Digitsl Dance Platform) Parkinson's CAN Dance Programme Inclusive Classes The Principles of Classical Dan 10.000 2.500 12,500 7.620 {7,620) 3.360 3,360 188,348 (3,788) 184,560 331,467 10.120 (11,408) {32,439) 297,740 Total of funds 989,267 669,938 (716,038) 943,167 Page 32

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Ststement of funds {continued) Monument Trust Le ac Fund As part of its winding-up process. a legacy donation of £750.000 was made to the Company by the Monument Trust in 17118, to replace future grants and to ensure the Artistic Directors could pursue their adventurous thinking. bold commissioning. and creative risk-taking into future years. Fixed Asset Fund When the building was acquired on a 15-year lease in 2012, renovations were made to its internal structure so it could accommodate two dan￿ studios. and office. and an edit suite. It was advised at the time that the totsl cost of renovations was amortised over a 15-year period, the duration of the lease. The amortisation charge in respect of the leasehold is transferred in from the general fund on an annual basis. MoovBank reviousl Di ital Dance Platform Fund MoovBank is the Company's online educational resource for dan￿ teachers. Funds relate to the amount originally set aside to cover costs of creation and setup of the platform and materials, project management, and creative fees. Further development continues on a smaller scale. Parkinson's CAN Dance Pro ramme Fund The Parkinson's CAN Dance programme is for the delivery of dance and movement classes for people with Parkinson's. The programme is currently unfunded but will continue, with any associated costs paid for by the Company's undesignated. unrestricted funds. Inclusive Classes Fund Before the COVID-19 pandemic caused its cancellation. Inclusive Classes used to run in the Company's studio for differently abled adults and young people with additional needs. The classes restarted in September 2024 in partnership with Kingston College. The Princi les of Classical Dance Fund The Abderrahim Crickmay Charitable Settlement awarded the Company the full production budget to create a short film called The Principles of Classical Dance. based on Anthony Crickmay's book of the same name, in celebration of the late photographerfs work. The fund is expected to be used in its entirety in the financial year 24125. Page 33

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Ststement of funds {continued) ststement of funds - prior year Balance at 31 March 2023 Balan￿ at 1 April 2022 Transfers inlout Income Expenditure Unrestricted funds Designated funds Monument Trust Legacy Grant 363,185 363,185 General funds General fund 100,606 627,703 (516,544) 82,850 294,615 Total Unrestricted funds 463,791 627.703 (516,544) 82,850 657,800 Restricted funds Fixed asset fund MoovBank (previously Digital Dance Platform} Parkinson's CAN Dance Programme Dan￿ Together Inclusive Classes The Principles of Classical Dance 162,198 (32,439) 129,759 16,032 {6,032) 10,000 2,021 50,411 3,360 4.920 {6,941) (50,411) 3,360 188,348 188,348 Young Men 24,489 (24,489) 258,511 193,268 (37,462) (82,850) 331,467 Total of funds 722,302 820,971 {554,006) 989,267 Page 34

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. Summary of funds Summary of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure Designated funds General funds 363,185 294,615 331.467 363,185 282,242 297,740 659.818 10.120 (704,630) (11,408) 32,439 (32,439) Restricted funds 989,267 669.938 (716.038) 943,167 Summary of funds - prior year Balan￿ at 31 March 2023 Balan￿ at 1 April 2022 Transfers inlout Income Expenditure Designated funds General funds Restricted funds 363,185 100,606 258,511 363,185 294,615 331,467 627,703 193.268 (516,544) (37,462) 82,850 (82,850) 722,302 820,971 {554,006) 989,267 19. Analysis of net assets between funds Anatysis of net assets between funds - current period Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 20,948 647.686 (23,207) 97,320 200,420 118,268 848,106 {23,2071 Total 645,427 297,740 943,167 Page 35

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. Analysis of net assets between funds (continued) Anatysis of net assets between funds - prior period Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Tangible fixed assets Current assets 42.380 642,629 (27,209) 129,759 201,708 172,139 844,337 (27,2091 Creditors due within one year Total 657,800 331,467 989,267 20. Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net incomelexpenditure for the period (as per Statement of Financial Activities} (46,100) 266,965 Adjustments for: Depreciation charges Dividends, interests and rents from investments Decreasel(increase) in debtors Decrease in creditors 53,871 (9,304) (35,125) (4,002) 54,829 (1,8511 116,441 (23,1721 Net cash provided byl(used in) operating activities (40,660) 413,212 21. Anatysis of cash and cash equivalents 2024 2023 Cash in hand 648,160 671,881 Total cash and cash equivalents 648,160 671,881 Page 36

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. Anatysis of changes in net debt At 1 April 2023 Cash flows At 31 March 2024 Cash at bank and in hand 671,881 (1,230) 63,092 {23,721) (250) (7,635) 648,160 (1,4801 55,457 Debt due within 1 year Liquid investments 733,743 {31,606) 702,137 23. Pension commitments The company operates a defined contribution pension scheme in respect of its employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £5,831 (2023: £5,535). Amounts payable at the year end to the fund amounted to £1,480 (2023.. £1,230). 24. Corporation Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 25. Operating lease commitments At 31 March 2024 the charity had commitments to make fvture minimum lease payments under non- Can￿lIable operating leases as follows.. 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years 50,000 112,500 50,000 162,500 162,500 212,500 26. Members. liability The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum, not exceeding £1, to the company should it be wound up. At 31 March 2024 there were 8 members. Page 37

Docusign Envelope ID.. 778D022E-08084487-BB9C-152902F92927 BALLETBOYZ LIMITED (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 27. Related party transactions Both FOO￿Ork Films Limited and Romeo & Juliet Productions Limited are owned and controlled by the Artistic Directors of the Charity. BalletBoyz have invested £100,000 (with £44,543 return to date12023'. £36,438)) with Footwork Films Limited with regards to the feature film Romeo & Juliet, aired on the BBC at Christmas 2019. FOot￿Ork Films Limited are the Commissioning Producer, with Romeo & Juliet Productions Limited being the PrOdU￿r. Recharges of £2,782 (2023.. £Nil) were paid to Manilla Productions Limited, a company owned and controlled by the Artistic Directors of the Charity. R Trevitt, wife of ArtisticlExecutive Director William Trevitt. was paid £9,568 (2023.. £9,710> in freelance fees relating to Parkinson's Can Dance. A donation totslling £25,000 {2023'. £25,000) was received from The Robert Gavron Charitable Trust, a charity whom shares a common trustee with BalletBoyz Limited. Page 38

Nyman Libson Paul LLP

Chartered accountants

124 Finchley Road, London NW3 5JS t: 020 7433 2400 e: [e-mail] www.nlpca.co.uk

The Board of Trustees BalletBoyz Limited 52a Canbury Park Road Kingston Surrey KT2 6JX

Date: 18 October 2024

Your ref Our ref AT/RR/40778

Dear Trustees

BalletBoyz Limited Audit Findings for the year ended 31 March 2024

Under International Standards on Auditing (UK), we are required as your auditor to communicate formally with “those charged with the governance”, i.e. the BalletBoyz Limited the various matters relating to our audit for the financial year 31 March 2024.

The objectives of this are:

• to promote an effective two-way communication between the auditor and the trustees.

• ensure that there is a clear understanding of the scope of our audit and the respective responsibilities of ourselves as auditor and the trustees.

• obtain from the trustees information relevant to the audit; and

• provide the trustees with timely observations arising from the audit that are significant and relevant to their responsibility to oversee the financial reporting process.

• We have therefore set out below matters which should be brought to your attention from our audit.

We would also like to take this opportunity to express our thanks to management for their assistance during the completion of our work.

Your financial statements

You should be aware that the financial statements on which we are to report are your responsibility; the audit of the financial statements does not relieve management or the trustees of their responsibilities and as trustees you must be satisfied that the financial statements give a true and fair view before approving them. Further details of your and our respective responsibilities are set out in our engagement letter dated 10 July 2024.

Our audit scope

Our audit work was performed in accordance with International Standards on Auditing (UK) (‘ISAs’) to enable us to form an audit opinion on the financial statements of BalletBoyz Limited. Our work comprised a combination of substantive procedures, involving on a test basis direct verification of transactions and balances (including obtaining confirmations from third parties where we considered this to be necessary), with a review, where considered relevant to our audit work, of certain of your financial systems and controls.

Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales Nyman Libson Paul LLP is a Limited Liability Partnership registered in England, number OC338971

A list of principals is available on request from the registered office: 124 Finchley Road, London NW3 5JS

In completing our audit work, we considered compliance with the Companies Act 2006, the Charities Act 2011, the Charities SORP (FRS 102) and Financial Reporting Standard 102 (“FRS 102”). This included a review of the disclosures made in the statutory financial statements and reading the Trustees Report and any other information that will be included alongside the financial statements to ensure the content and wording is consistent with that disclosed within the financial statements.

No restrictions or limitations were placed on our work.

Assessment of audit risks

As noted in our planning letter, ISA (UK) 315 (Revised) introduces a number of changes, applicable to our work. The revised ISA introduces the concept of a spectrum of inherent risk, requiring us to consider both the likelihood and magnitude of a possible misstatement, with risks close to the upper end of the spectrum of inherent risk considered to be ‘significant risks’.

Risk is considered in the context of how, and the degree to which, inherent and control risk factors affect the likelihood and magnitude of a misstatement occurring. Such factors may be qualitative or quantitative, and include complexity, subjectivity, change, uncertainty or susceptibility to misstatement due to management bias or other fraud risk factors.

In line with the ISAs, we identified a range of risks from documenting our understanding of your company, its people and environment, and your system of internal control and planned our audit work so as to reduce the risk of material misstatement to an acceptable level.

Based on our risk assessment at the planning stage, we identified management override of controls and income from donations and grants as being areas of significant risk and have commented further on these areas below.

Materiality

As highlighted in our planning letter, we do not seek to certify that the financial statements are 100% correct; rather we use the concept of “materiality” to plan our sample sizes and also to decide whether any errors or misstatements discovered during the audit (by you or us) require adjustment.

The assessment of materiality is a matter of professional judgement but in general, misstatements, including omissions, are considered to be material if, individually or in the aggregate, they could reasonably be expected to influence the decisions of a user of the financial statements.

Judgments about materiality are made in the light of surrounding circumstances and are considered having regard to the overall financial statement level, the individual asset balance, the type of transaction and the disclosures.

We set our overall audit materiality as part of our audit planning at 2% of turnover. The calculation was reviewed during the course of our audit work and based on the draft financial statements we are satisfied that this remains appropriate.

Key findings and adjustments from our audit

There were no changes to our audit approach as set out in our audit planning letter. The key findings from our work are set out below:

Significant risk areas

Income from grants and donations

At the planning stage we identified income from grants and donations as being areas of significant audit risk, due in particular to concerns around the completeness of the income (has it all been captured in the period) and cut off. We tested this income in line with the proposed work set out in our planning letter.

Our testing was performed satisfactorily, and we are pleased to note that there were no matters arising to bring to the Trustees’ attention.

Other areas of audit focus

Other income streams

Income from events and equipment hire, investment income and income from tax reliefs were not identified as being a significant risk either due to the predictability of the income streams or the low value of the individual transactions. The main audit risks were around completeness of the income and cut off. Our testing analytical review and tests of detail.

Our testing was performed satisfactorily with no matters to bring to the Trustees’ attention.

Fund allocation

BalletBoyz maintains a number of restricted and designated funds. From our testing of income and expenditure we were satisfied that balances were being correctly allocated between funds and that the terms of the restricted income were being met.

Related parties

Under the auditing standards we are obliged to ensure that any related parties are identified and that any transactions involving these parties and the Charity are appropriately authorised and correctly disclosed in the financial statements.

A “related party” as defined in FRS 102 and the Charity SORP encompasses, in addition to the Trustees of the Charity, any members of management who can directly influence management decisions and close family members of both; the latter being of relevance if individual Trustees and members of management are perceived to be in a position to influence the management decisions of family members or can be influenced by them.

As part of our audit work, we reviewed the Charity’s procedures for identifying potential related parties and ensuring all transactions are complete. This included completed annual declaration forms for the Trustees and senior management

No issues arose from our audit work. We have reviewed and are comfortable that the related party transactions disclosed in the accounts are complete.

Going concern

Under Financial Reporting Standard 102 the Trustees and management are required to assess the charity’s ability to continue as a going concern. In assessing whether the going concern assumption is appropriate, the Trustees and management are required to consider all available information about the future of the charity in the period of at least, but not limited to, twelve months from the date when the financial statements are approved and authorised for issue.

The trustees’ going concern assessment is a key area of emphasis and importance for our audit and, in accordance with the requirements of ISAs (UK), our audit report includes a specific reference to going concern.

Our work on going concern included the following:

• reviewing the period used by Trustees to assess the ability of BalletBoyz to continue as a going concern,

• examining budgets and forecasts prepared by management covering the period of the going concern assessment to ensure that these appropriately support the trustees’ conclusion,

• reviewing the accuracy of past budgets and forecasts by comparing the budget for the current year against actual results for the year, and

• reviewing any other information or documentation which the Trustees have used in their going concern assessment.

As at 31 March 2024 BalletBoyz is reporting total funds of £943k (2023: £989k), comprising unrestricted funds of £282k (2023: £295k), designated funds of £363k (2023: £363k) and restricted funds of £298k (2023: £331k). Overall the Charity had a negative net movement in funds for the year of £(111)k, with a net deficit for the year for unrestricted funds of £(13)k.

Cash held at year end totalled £648k (2023: £672k).

We have requested and are awaiting forecasts from management to cover the period to December 2025 to enable us to complete our audit work and conclude on going concern.

We will ask for a representation in the representation letter, that the Board has considered the budgets and supporting management information and are satisfied that the going concern basis continues to be appropriate.

We are required to confirm during our audits whether those charged with governance have knowledge of any actual, suspected or alleged fraud affecting the charity and its subsidiaries and the financial statements. We have not been made aware of any such issues from our initial discussions but will seek confirmation of this in the representation letter we will be requesting from the directors.

Management override of controls

Auditing standards require us to consider as a significant audit risk areas of potential or actual management override of controls. In completing our audit we have therefore considered the following matters.

a) Significant accounting estimates and judgements

We reviewed the accounting estimates and judgements which management have necessarily made which impact on the financial statements. As identified in our planning letter there was a particular focus on the following:

• the assessment of the remaining useful life of assets

No further areas of concern arose from our work and for the purposes of our audit we have concluded that the basis of the accounting estimates and judgements are reasonable.

b) Controls around journal entries and the financial reporting process

We did not identify any instances of management override of controls or other issues from our sample testing on the charity’s processing of journal adjustments.

c) Significant transactions outside the normal course of business

We have not become aware of any such transactions relevant to the financial statements during our audit.

Summary of audit differences

We discussed all potential adjustments during the course of our audit work. These included adjustments which were non-trivial in size, which management did not wish to adjust the accounts for and have therefore been included on our unadjusted error schedule in Appendix 2. We will be asking you to confirm in the letter of representation that you are happy for these potential adjustments to remain unadjusted.

Systems and controls

The purpose of the audit was for us to express an opinion on the financial statements. The audit included consideration of internal controls relevant to the preparation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of internal control. Our audit is, therefore, not designed to identify all control weaknesses and any matters reported below are limited to those deficiencies that we have identified during the audit.

We have summarised the systems and controls issues identified in our audit work in Appendix 1.

In addition, as part of our audit work we reviewed the existing Financial Procedures Manual, Risk Register and IT Policy Procedure documents.

Whilst the Financial Procedures Manual covers many areas of the Charity’s control environment it would benefit from having sections/greater detail on the setting and monitoring of the annual budget and forecasts, HR and payroll and the on-line banking procedures.

Whist it identifies a number of the key risks facing the Charity and current mitigations, there are a number of areas not currently covered by the risk register including governance risks, fraud risks, risks around the use of IT and safeguarding and the protection of dancers and young people.

Whilst a good starting point, the IT policy document also needs to be expanded as it currently does not cover areas including the process for new employees and leavers, GDPR, cyber security training and a disaster recovery plan.

We have raised and discussed this with management and understand that the policy documents will be updated to reflect the recommendations.

No further matters came to our attention from our review of your systems and controls to suggest that they were not operating as intended.

Audit report

We anticipate that we will issue an unmodified audit report for the year, subject to the satisfactory clearance of any outstanding/unresolved the matters outlined in this report.

Trustee representations

The auditing standards require us to obtain representations from those charged with governance on various matters relating to the financial statements and our audit.

We have therefore attached a draft letter of management representations required in connection with our audit.

Trustees’ responsibilities

The trustees (as company directors) will be aware that, under the provisions of the Companies Act, the Trustees’ Report is required to include a statement to the effect that, in the case of each of the persons who are directors at the time the report is approved:

• so far as the director is aware, there is no relevant audit information of which the company’s auditors are unaware, and

• they has taken all the steps that he ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company’s auditors are aware of that information.

Independence and ethics

Under the Financial Reporting Council’s Ethical Standard we are required to inform you of all significant facts and matters that may bear upon our firm’s integrity, objectivity and independence.

We have considered the non-audit services provided in the period and are satisfied that there are appropriate safeguards in place and that there are no matters arising concerning the provision of such services which would affect the integrity, objectivity and independence of our firm or of the audit partner and audit staff. Safeguards include the preparation of the corporate tax calculations and returns including the Theatre Tax Relief being undertaken by a separate team from the audit to maintain independence.

No additional facts or matters have arisen during the course of the audit that we wish to draw to your attention and we confirm that we are independent and able to express an objective opinion on the financial statements.

If any members of the board have any queries in relation to this letter or if we can be of further assistance on any other matters please do not hesitate to contact Andrew Thomas.

Please note that this report has been prepared for the sole use of BalletBoyz Limited for audit and governance purposes. It must not be disclosed to third parties, quoted or referred to, without our prior written consent. No responsibility or liability is assumed by us to any other person or parties in relation to its contents.

Yours faithfully

Nyman Libson Paul LLP

NYMAN LIBSON PAUL LLP

[e-mail] Direct line: [phone] Fax: [phone]

APPENDIX 1: SYSTEMS AND CONTROLS RECOMMENDATIONS

Controls/weaknesses identified Risk Recommendation and management priority response rating 1. Recording Trustee changes It was observed during our audit fieldwork High External records maintained at that appointments and resignations of Companies House and the Charity trustees declared in the board minutes Commission should be updated as soon were not being appropriately updated on as possible to reflect the current the Companies House and Charity composition of the Board. Commission website respectively. This included a Trustee Emeritus who had not Going forward Companies House and the been actively involved as a Trustee for Charity Commission details should be several years. regularly monitored and kept up to date for any Board changes.

As those charged with governance the Trustees are collectively responsible for ensuring that details of officers are kept up to date including the details on record at Companies House and the Charity Commission.

2. Completeness of accruals

From our audit testing, it was identified that gas and electricity invoices received after year end relating to March 2024 had not been accrued into the accounts.

Whilst the value was not material and has now been adjusted for we note that points have been raised in previous management letters regarding the year end process and ensuring all balances have been appropriately captured in the correct accounting period

Medium We recommend that as part of the year end process post year end invoices and bank receipts and expenditure are reviewed for transactions not captured at year end and to identify balances that relate to the next accounting period.

3. Trade debtors listing

During our testing of trade debtors, we identified an immaterial error where payments had been received from customers in prior years but the debtor report had not been updated to reflect the payments.

Low The difference has now been adjusted but management should ensure going forward that the debtors listing is regularly reviewed and reconciled to the control account.

Whilst not material on this occasion it is important that the debtor listing is reviewed regularly and payments are accurately allocated to minimise the risk of error and overstatement.

1. VAT control account As in the prior year we noted there was a Low It was agreed with management that the reconciling difference between the VAT immaterial difference of £4,797 was to be returns and the control account. This was written off as a timing difference. highlighted previously as likely being a timing difference.

Appendix 2 – Unadjusted errors

Adjustment description	Debit/credit [net income/ profit and loss] £k	Debit/(credit) net assets £k	Debit/(credit) opening reserves £k
Being to correct the rent prepayment figure by applying a cut off date of 31 March 2024.	824	(824)	824
Being to revalue the HUF account at the closing rate of exchange provided by HMRC.	2,529	(2,529)	2,529