REGISTERED COMPANY NUMBER: 04229891 (England and Wales) REGISTERED CHARITY NUMBER: 1088916
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2023
for
The Du Boisson Dance Foundation
Harris Lacey and Swain Suite | The Riverside Building Hessle East Yorkshire HU13 0DZ
The Du Boisson Dance Foundation
Contents of the Financial Statements for the Year Ended 31 August 2023
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| Page | |||
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| Report ofthe Trustees | to | ||
| IndependentExaminer's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 12 |
| DetailedStatementofFinancialActivities | 13 |
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The Du Boisson Dance Foundation
Report of the Trustees for the Year Ended 31 August 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
DBDF is established for the following objects: to provide scholarships, bursaries and other forms of subsidy for pupils at Young Dancers Charitable Academy and the West London School of Dance not able to afford to pay the full running costs of its schools and of its dancing facilities.
To promote within the community opportunities to participate in dance for people of school going age who might otherwise be excluded by virtue of economic, social or cultural reasons; to promote and advance the education of the public in the performing arts, especially, but not exclusively, in the art of ballet and other dance forms, for the benefit of the public.
Trustees are updated regularly and sent any updates received from the Charity Commission.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
2022-23 remained financially challenging. due to the continuing financial crisis.
A fundraising gala was held in March 2023 which was an overwhelming artistic success but after costs of financing theatre hire and overheads it did not make as much profit as it was hoped to due to poor ticket sales.
The effect on our charity - like others - has been demanding. Despite this we have taken great pains to fulfil our main aims and objectives. We have managed to continue to provide bursaries to both the schools we support, and we have explored alternative means of fundraising and continued strong relationships with longstanding individual donors.
FINANCIAL REVIEW
Principal funding sources
The charity holds a fundraising gala every couple of years, performances include productions of Nutcracker in December, the bi-annual Variety Show with raffles attached and private benefactors donate on a regular basis each year.
Reserves policy
The Trustees have established a reserves policy with the objective to build and maintain a level of reserves of at least six months operating expenditure estimated at £160,406. This will cover funding uncertainties and unexpected or planned additional expenditure in order to ensure that the Charity is able to meet commitments and to continue as a going concern.
The current level of free reserves are £242,393.
The Trustees feel it is very important for the future of children for the charity to be financially sustainable.
The charity's financial position is reviewed regularly, with detailed reports at each Trustees meeting.
FUTURE PLANS
Refurbishment plans
DBDF took over the leasehold of the existing 1st floor building on 1 July 2023. Following a large donation for the refurbishment of the first floor a brand new ballet studio was built, fully equipped with a new Harlequin sprung floor, barres and mirrors and existing rooms turned into classrooms and new changing room facilities. The refurb remained on time and completely within budget.
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The Du Boisson Dance Foundation
for the Year Ended 31 August 2023
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Report of the Trustees
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STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
This is also overseen by the recommendations from trustees and associated parties and the unanimous approval by existing members.
Recruitment and appointment of new trustees
All newly appointed Trustees are asked to submit their personal details in-order for checks to be approved by the DDC. Trustees are also required to sign authorised papers declaring cach Trustee has read and adheres to DBDF's Policies held on our official site.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04229891 (England and Wales)
Registered Charity number 1088916
Registered office 25 Bulwer Street
London W12 8AR
Trustees Mr B Azad Ms GL. Black Mrs AM Du Boisson Mr J Ghani (resigned 16.2.24) Mr Y Yamaguchi
Independent Examiner Laura J Drew Harris Lacey and Swain Suite | The Riverside Building Hessle East Yorkshire HU1I3 ODZ
Approved by order ofthe board of trustees on {Q. oY. WY find signed on its behalf by:
/ "a 4 4 oo Pi f Ap 2 ‘ KL of) “a MrY Yamaguchi - Trustee ~~
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Independent Examiner's Report to the Trustees of The Du Boisson Dance Foundation
Independent examiner's report to the trustees of The Du Boisson Dance Foundation (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act'). In carrying out my examination J have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member ofa listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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L. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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- the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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I have no concerms and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Laura J Drew The Institute of Chartered Accountants in England and Wales
Harris Lacey and Swain
Suite | The Riverside Building Hessle East Yorkshire HU13 0DZ Date: ASG [20 Te
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The Du Boisson Dance Foundation
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Statement of Financial Activities
for the Year Ended 31 August 2023 nn
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|2023|2022|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME AND ENDOWMENTS|FROM|
|Donations and|legacies|426,150|461,318|
|Investment income|2|47|39|
|Total|426,197|461,357|
|EXPENDITURE|ON|
|CharitableBursaries|fundactivities|117,955|148,364|
|Village hall|running costs|15,56817,127|11,083216|
|FundraisingProduction|costscosts|12,750547|148,410484|
|BankRent andchargesutilities|48,050|42,390|
|24,010|24,010|
|Depreciation|883|1,343|
|SundryLegal|andexpensesprofessional|14,0614,359|8,6063,677|
|Accountancy|2,539|4,759|
|Bookkeeping|84|570|
|TrainingVillage|hallcostsrefurbishment|costs|37,537809|1,805850|
|Advertising|24,533|13,187|
|Payroll|
|320,812|409,814|
|Total|
|105,385|51,543|
|NET|INCOME|
|RECONCILIATION|OF|FUNDS|
|Total|funds brought forward|137,008|85,465|
|TOTAL FUNDS CARRIED FORWARD|242,393|137,008|
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The notes form part of these financial statements
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The Du Boisson Dance Foundation
Balance Sheet
31 August 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | a | 20,474 | 44.484 |
| CURRENTASSETS | |||
| Debtors | 8 | 7,965 | 8,467 |
| Cash atbank and inhand | 247,198 | 107,604 | |
| 255,163 | 116,071 | ||
| CREDITORS | |||
| Amounts falling due within one year | 9 | (33,244) | (23,547) |
| NETCURRENTASSETS | 221,919 | 92,524 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 242,393 | 137,008 | |
| NETASSETS | 242,393 | 137,008 | |
| FUNDS Unrestricted funds |
10 | 242,393 | 137,008 |
| TOTALFUNDS | 242,393 | 137,008 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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The Du Boisson Dance Foundation
Balance Sheet - continued 31 August 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The(QApaelfinancial , statementsoor} andwere were signedapproved on itsby behalfthe by:Board of Trustees and authorised for issue on [YbadiXt Y Yamaguchi -‘Trusteeloaner
The notes form part of these financial statements
te
epg lo
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The Du Boisson Dance Foundation
Notes to the Financial Statements for the Year Ended 31 August 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
Income received for services provided is accounted for on an accruals basis.
Cash donations, gifts and legacies are included in full in the income and expenditure account as they are received. Any significant non-cash donations are included in the income and expenditure account at the trustees’ estimate of their market value when received. The value of voluntary help is not included in the accounts.
Grants and other funding of a revenue nature are deferred and released to the income and expenditure account over the period to which they relate.
Bank interest is included in the income and expenditure account on an accruals basis.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements
- Straight line over 15 years
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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The Du Boisson Dance Foundation
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Notes to the Financial Statements - continued for the Year Ended 31 August 2023
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- ACCOUNTING POLICIES - continued
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Estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors’ best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, Basic financial instruments, including trade and other debtors and creditors, are initially recognised at transaction value and subsequently measured at their settlement value.
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|2.|INVESTMENT|INCOME|2023|2022|
|Interest received|47|39|
|3.|NET|INCOME/(EXPENDITURE)|
|Net|income/(expenditure)|is|stated|after|charging/(erediting):|
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|2023|2022|
|£|£|
|Depreciation|- owned|assets|24,010|24,010|
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4, TRUSTEES' REMUNERATION AND BENEFTPS
There were no trustecs' remuneration or other bencfits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
STAFF COSTS
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|2023|2022|
|Gross Wages|24,000|10,000|
|Employers|NI|2,087|934|
|Employers|Pension|$32|222|
|26,620|11,156|
|The|average monthly number of employces|during|the|year was|as|follows:|
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|2023|2022|
|Administration||||
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The Du Boisson Dance Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
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|5.|STAFF|COSTS|-|continued|
|No|employees|received|emoluments|in|excess|of £60,000.|
|6.|COMPARATIVES|FOR THE|STATEMENT|OF|FINANCIAL|ACTIVITIES|
|Unrestricted|
|fund|
|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|461,318|
|Investment|income|39|
|Total|461,357|
|EXPENDITURE|ON|
|Charitable|activities|
|Bursaries|fund|148,364|
|Village|hall running|costs|11,083|
|Fundraising|costs|216|
|Production|costs|148,410|
|Bank charges|484|
|Rent|and|utilities|42,390|
|Depreciation|24,010|
|Sundry|expenses|1,343|
|Legal|and|professional|8,606|
|Accountancy|3,677|
|Bookkeeping|4,759|
|Training|costs|570|
|Village|hall refurbishment|costs|1,865|
|Advertising|850|
|Payroll|13,187|
|Total|409,814|
|NET INCOME|51,543|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|85,465|
|TOTAL FUNDS|CARRIED FORWARD|137,008|
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The Du Boisson Dance Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
qe TANGIBLE FIXED ASSETS
| qe | TANGIBLE FIXED ASSETS | |||
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| Leaschold | ||||
| improvements | ||||
| £ | ||||
| COST | ||||
| At 1 September 2022 and 31 August 2023 | 260,148 | |||
| DEPRECIATION | ||||
| At 1 September 2022 Charge foryear |
215,664 24,010 |
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| At 31 August2023 | 239,674 | |||
| NET BOOKVALUE | ||||
| At 31 August 2023 | 20,474 | |||
| At 31 August 2022 | 44,484 | |||
| 8. | DEBTORS: AMOUNTS FALLING DUEWITHIN ONEYEAR | |||
| 2023 | 2022 | |||
| Other debtors | 7,879 | 7,195 | ||
| Prepayments | 86 | L272. | ||
| 4,965 | 8,407 | |||
| 9. | CREDITORS: AMOUNTS FALLING DUE WEPHIN ONE YWAR | |||
| 2023 | 2022 | |||
| - | £ | |||
| Social security and other laxes Accrued expenses |
907 32,337 |
435 23,112 |
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| 33,244 | 23,547 | |||
| 10. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.9.22 | in funds | 31,8.23 | ||
| Unrestricted funds | ||||
| General fund | 137,008 | 105,385 | 242,393 | |
| TOTALFUNDS | 137,008 | 105,385 | 242,393 |
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The Du Boisson Dance Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
10. MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
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|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|426,197|(320,812)|105,385|
|TOTAL FUNDS|426,197|(320,812)|105,385|
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Comparatives for movement in funds
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|Net|
|movement|At|
|At|1.9.21|in|funds|31.8.22|
|£|£|£|
|Unrestricted|funds|
|General|fund|85,465|51,543|137,008|
|TOTAL FUNDS|85,465|51,543|137,008|
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Comparative net movement in funds, included in the above are as follows:
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|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|461,357|(409,814)|$1,543|
|TOTAL FUNDS|461,357|(409,814)|51,543|
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A current year 12 months and prior year 12 months combined position is as follows:
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|Net|
|movement|At|
|At|1.9.21|in|funds|31.8.23|
|£|£|£|
|Unrestricted|funds|
|General|fund|85,465|156,928|242,393|
|TOTAL FUNDS|85,465|156,928|242,393|
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The Du Boisson Dance Foundation
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
- MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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|Incoming|Resources|Movement|
|resources|expended|in|funds|
|Unrestricted|funds|
|General|fund|887,554|(730,626)|156,928|
|TOTAL FUNDS|887,554|(730,626)|156,928|
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- RELATED PARTY DISCLOSURES
The charity has relationships with a large number of organisations and individuals who contribute funds either to support specific objectives or as general funding to support the administration of the charity to enable it to carry out its charitable objectives.
In view of the charity's Iegal status, the charity Trustees consider that there was no ultimate controlling party disclosed under the provisions of Financial Reporting Standard No, 8.
Other related party transactions
During the year the charity made the following related party transactions:
West London School of Dance Limited (A company owned by Anna Du Boisson)
Bursaries amounting to £8,031 (2022 - £11,254) were paid to West London School of Dance Limited in the year.
At the balance sheet date, the amount owed by West London School of Dance Limited was £7,879 (2022. - £7,195).
12, LEGAL STATUS OF THE CHARITY
The charity is a company limited by guarantee and has no share capital. The liability of cach member in the event ofwinding up is limited to £10.
- UNRESTRICTED FUNDS
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|2023|2022|
|At 31st|August|2022|148,107|85,465|
|Net|surplus/(deficit)|for|the|year|105,385|62,642|
|At|31st August 2023|£253,492|£148,107|
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The Du Boisson Dance Foundation
Detailed Statement of Financial Activities
for the Year Ended 31 August 2023
| 2023 | 2022 | |
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| £ | £ | |
| INCOMEANDENDOWMENTS | ||
| Donations and legacies | ||
| Production income | 49,775 | 189,573 |
| Voluntary income -donations | 340,735 | 231,765 |
| Hall Hire | 35,640 | 39,980 |
| 426,150 | 461,318 | |
| Investment income | ||
| Interest received | 47 | 39 |
| Total incoming resources | 426,197 | 461,357 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages Pensions Insurance |
24,000 533 2,300 |
12,965 222 1,651 |
| Postage and stationery | 387 | 353 |
| Advertising Sundries Bursaries Gift aid fees |
809 496 117,955 216 |
850 990 148,364 216 |
| Production costs | 29,661 | 148,410 |
| Village hallrunning costs | 98,855 | 53,687 |
| Professional fees | 16,600 | 13,365 |
| Training costs | 84 | 570 |
| 291,896 | 381,643 | |
| Support costs | ||
| Finance | ||
| Bankcharges | 547 | 484 |
| Depreciation oftangible fixed assets | 24,010 | 24,010 |
| 24,557 | 24,494 | |
| Governance costs | ||
| Accountancy and legal fees | 4,359 | 3,677 |
| Total resources expended | 320,812 | 409,814 |
| Netincome | 105,385 | 51,543 |
This page does not form part of the statutory financial statements
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