2021-03-31-accounts

Contents ofthe Financial Statements
forthe Year Ended 31stMarch 2021
		Page
Reference and Administrative Details
Director's Report
Chair's Report
Report ofthe Trustees	4	to	6
Independent ExamineVs Report
Statement ofFinancial Activities
Balance Sheet
Notes tothe Financial Statements	10	to	16

TRUSTEES		P Perrett
		R P Kaynes Director		(resigned	20.11.20)
		H Annetts
		M Graham
		H Murphy
		C Stenton (Chair) (appointed			10November 2020)
		P AJames
		AJohnson
		J C Actin
COMPANY SECRETARIES		K M M Ross
		P H Bellamy
REGISTERED	OFFICE	The Angel Centre
		Angel Place
		Worcester
		Worcestershire
		WR1 3QN
REGISTERED	COMPANY NUMBER	04177900(England		and Wales)
REGISTERED	CHARITY NUMBER	1092334
INDEPENDENT	EXAMINER	The Richards	Sandy	Partnership
		Thomeloe House
		25 Barboume	Road
		Worcester
		Worcestershire
		WR1 1RU
ARTISTIC DIRECTOR		R Beeston
BANKERS		Lloyds Bank pic
		4The Cross
		The Avenue
		Worcester
		WR1 3PY

fo	rthe Year En	ded 31stMarch	2021
				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	6		f	5
INCOME AND ENDOWMENTS FROM
Grants, donations and legacies	2	142,569	59,000	201,569	118,066
Charitable activities
Dance projects, dasses 3 workshops		20,527		20,527	60,112
Other trading activities					174
Investment income		10		10	20
Total		163,106	59,000	222,106	178,372
EXPENDITURE ON
Raising funds		948	8,800	9,748	2,790
Charitable activities
Dance projects, classes 8 workshops		123,238	30,723	153,961	177,667
Total		124,186	39,523	163,709	160,677
NET INCOMEI(EXPENDITURE)		38,920	19,477	58,397	(2,305)
Transfers between funds	12	23,262	(23,262)
Net movement in funds		62,182	(3,785)	58,397	(2,305)
RECONCILIATION OF FUNDS
Total funds brought forward		39,805	3,785	43,590	45,695
TOTAL FUNDS CARRIED FORWARD		101,987		101,987	43,590

								2021f	2020f
Donations								1,217	3,628
Gifi aid									508
Grants								183,092	100,473
Worcester	Municipal			Exhibition		Foundation		17,260	13,457
								201,569	118,066
Grants received,			included		in the	above, are as follows:
								2021f	2020f
ACE NPO								87,066	85,493
The Bransford		Trust							9,500
Saintbury	Trust								2,000
Roger and	Douglas Turner				Charitable		Trust		200
Baron Davenport									700
Worcester	City	Council						10,000	1,580
Severn Arts									1,000
Rowlands	Trust							2,000
Coronavirus Job			Retention		Scheme			29,028
ACE Culture Recovery Fund 1								So,ooo
ACE The Way		I	See	It Grant				5,000
								183,092	100,473

for the Year E	for the Year E	nded 31st March 2021
OTHER TRADING ACTIVITIES
			2021	2020
			8
Merchandising				174
INVESTMENT INCOME
			2021	2020
			8
Deposit account interest			10	20
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated aRer charging/(crediting):
			2021	2020f
Depreciation -owned assets			363	363
Independent examiner's	fee in respect ofexternal	scrutiny	2,220	1,820
Other operating leases			1,727	642

STAFF COSTS
	2021	2020
	8	5
Wages and salaries	98,491	110,785
Social security costs	715	2,972
Other pension costs	1,627	1,777
	100,833	115,534

TANGIBLE FIXEDASS	E	TS
					Computer
					equipment
					F
COST
At 1stApril 2020 and 31stMarch 2021					5,610
DEPRECIATION
At 1stApril 2020					4,842
Charge for year					363
At 31st March 2021					5,205
NET BOOK VALUE
At 31st March 2021
At 31st March 2020					768
DEBTORS:AMOUNTS	FALLING DUE WITHIN		ONE YEAR
				2021	2020
				6	F
Trade debtors				40	4,422
Other debtors					340
Social security and other	tax			567
Prepayments and accrued		income		5,914	763
				6,521	5,525
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2021	2020
				6	6
Trade creditors				6,002	7,619
Social security and other	taxes				1,639
Accrued expenses				2,220	2,393
				8,222	11,651
LEASING AGREEMENTS
Minimum lease payments		under non-cancellable	operating leases fall due as follows:
				2021 f	2020 f
Within one year				1,727	1,727
Between one and five yeats				5,181	6,908
				6,908	6,635

								Net	Transfers
								movement	between	At
							At 1.4.20	in funds	funds	31.3.21
							5			5
Unrestricted	funds
General Fund							14,805	38,920	(21,738)	31,987
Nlind Up Fund							25,000		(25,000)
Designated Contingency			Reserve		Fund				50,000	50,000
Designated Investment			in Dancefest
Growth									20,000	20,000
							39,805	38,920	23,262	101,987
Restricted funds
Bransford Trust		- Youth	Programme			Fund	3,785	(3,785)
Dancefest Culture Recovery Fund								23,262	(23,262)
							3,785	19J77	(23,262)
TOTAL FUNDS							43,590	58,397		101,987
Net movement	in funds,		included		in	the above are as follows:
								incoming	Resources	Movement
								resources	expended	in funds
									F	8
Unrestricted	funds
General Fund								163,106	(124,186)	38,920
Restricted funds
Bransford Trust		- Youth	Programme			Fund			(3,785)	(3,785)
Dancefest Culture Recovery Fund								50,000	(26,738)	23,262
Projects								9,000	(9,000)
								59,000	(39,523)	19/77
TOTAL FUNDS								222,106	(163,709)	58,397
Comparatives		for movement		In	funds
									Net
									movement	At
								At 1.4.19	in funds	31.3.20
									F
Unrestricted	funds
General Fund								17,143	(2,338)	14,805
Wind Up Fund								25,000		25,000
								42,143	(2,338)	39,805
Restricted funds
Bransford Trust		- Youth	Programme			Fund		3,752	33	3,785
TOTAL FUNDS								45,895	(2,305)	43,590