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.
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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
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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.
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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￿$S. The resour￿ has been in
production throughout 23124, and will be released in ts'me for the academic school year 2024125. A second part to
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BALLETBOYZ LIMITED
IA Company Limited by Guarantee
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
the educational resource will be prodU￿d alongside the creation of the feature film.
MoovBank remains accessible from anywhere in the wodd and is completely free to use.
Creative Learning
The Company s long-running Pa￿inSOn s CAN Dance classes have continued throughout 2023124. Two classes
a week are held, in person and on Zoom for participants who are unable to attend in person. Some semesters
are taking place at the Kingston Workmen's Club, enhancing the Company s local connections and adding a
supplementary element of socialising to the classes. Further supplementary aclivities are now included as part of
the programme as well, including film ￿reeningS in the studio and singing workshops.
The programme remains entirely funded by BalletBoyz. without other investment, as its reach is primarily limited
to the local area. Because of the significant benefits observed in participants, the Trustees view this as a
justifiable expense. It is hoped that outside funding can be raised in ftjture years.
The Company's inclusive dance offering. fO￿edY known as The Amazings, will be reintroduced in September
2024, following evaluations in this financial year about how the programme is delivered. Classes will be delivered
in partnership with Kingston College, and will indude former BalletBoyz dan￿r$ 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
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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
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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.
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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)
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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.
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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.
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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.
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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.
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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
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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
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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.
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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
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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.
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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
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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
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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
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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.
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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)
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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: mail@nlpca.co.uk 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** 

mail@nlpca.co.uk Direct line: (020) 7433 2400  Fax: (020) 7433 2401 



## **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. 



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