| Contents ofthe Financial Statements | |||
|---|---|---|---|
| forthe Year Ended 31stMarch 2023 | |||
| Page | |||
| Reference and Administrative Details |
|||
| Director's Report | |||
| Chair's Report | |||
| Report ofthe Trustees | 4 | to | 8 |
| Independent Examiner's Report |
|||
| Statement of Financial Activities | 10 | ||
| Balance Sheet | 11 | to | 12 |
| Notes tothe Financial Statements | 13 | lc | 21 |
| Detailed Statement ofFinancial Activities | 22 | to | 23 |
| TRUSTEES | H Annetls | |||
|---|---|---|---|---|
| M Graham | (resigned | 10.3.23) | ||
| H Murphy | ||||
| CStenton | (Chair) | |||
| PA James | ||||
| JCAutin | ||||
| 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 | |||
| INDEPENDENTEXAMINER | The Richards | Sandy | Partnership | |
| Thomeloe | House | |||
| 25 Barbouma | Road | |||
| Worcester | ||||
| Worcestershire | ||||
| WR1 1RU | ||||
| ARTISTIC DIRECTOR | R Beeston | |||
| EXECUTIVE PRODUCER | KRoss | |||
| BANKERS | Lloyds Bank pic | |||
| 4The Cross | ||||
| The Avenue | ||||
| Worcester | ||||
| WR1 3PY |
| for the Year En | ded 31st March | 2023 | ||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Designated | ||||||
| Investment | ||||||
| In | ||||||
| Unrestricted | Dancefssi | Restricted | Total | Total | ||
| Notes | funds '6 |
Growth f |
funds 6 |
funds 6 |
funds 6 |
|
| INCOME AND ENDOWMENTS | ||||||
| FROIN | ||||||
| Grants, dona0ons and legades | 105,269 | 10,905 | 115,174 | 139,560 | ||
| Charitable activities |
||||||
| Dance projects, dasses 8 | ||||||
| workshops | 72,472 | 72372 | 58,187 | |||
| Other trading activities Investment income |
1,896 95, |
1,896 95 |
389 4 |
|||
| Total | 179,732 | 10,905 | 190,637 | 198,140 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 7 | 2,304 | 2,304 | 6,547 | ||
| Charitable activities |
||||||
| Dance projects, dasses 8 | ||||||
| workshops | 198,449 | 10.905 | 209,354 | 198,988 | ||
| Total | 200,753 | 10,905 | 211,658 | 205,535 | ||
| NET INCOME/(EXPENDITURE) Transfers between funds |
20 | (21,021) 7,500 |
(7,500) | (21,021) | (7,395) | |
| Net movement In funds |
(13,521) | (7,500) | (21,021) | (7,395) | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | 84,592 | 10,000 | 94,592 | 101,987 | ||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 71,071 | 2,500 | 73,571 | 94,592 |
| 31st | INarch 2023 |
||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| Designated | |||||||||
| Investment | |||||||||
| Iii | |||||||||
| Unrestricted | Dsncefest | Restricted | Total | Total | |||||
| funds | Growth | funds | funds | funds | |||||
| Notes | 5 | 6 | 6 | 6 | 6 | ||||
| FIXEDASSETS | |||||||||
| Tangible assets | 16 | 43 | |||||||
| CURRENT ASSETS | |||||||||
| Debtors | 17 | 8,703 | 8,703 | 13,215 | |||||
| Cash at bank and | in hand | 70,129 | 2,500 | 72,629 | 69,OO6 | ||||
| 78,832 | 2,500 | 81,332 | 102,221 | ||||||
| CREDITORS | |||||||||
| Amounts falling due within |
one | ||||||||
| year | 18 | (7,761) | (7,761) | (7,672) | |||||
| NET CURRENT ASSETS | 71,071 | 2,500 | 73,571 | ||||||
| TOTAL ASSETSLESS | |||||||||
| CURRENT LIABILITIES | 71,071 | 2,500 | 73,571 | 94,592 | |||||
| NETASSETS | 71,071 | 2,500 | 73,571 | 94,592 | |||||
| FUNDS | |||||||||
| Unrestricted funds: |
|||||||||
| General Fund |
21,071 | 34,592 | |||||||
| Designated Contingency |
Resenie | Fund | 50,000 | 50,000 | |||||
| Designated Investment |
in | Dancefest Growth | 2,500 | 10,000 | |||||
| 73,571 | 94,592 | ||||||||
| TOTAL FUNDS | 73,571 | 94,592 |
| OTHER TRADING A | C | TIVITIES | |||||
|---|---|---|---|---|---|---|---|
| 2023f | 2022 5 |
||||||
| Fundraising events |
916 | ||||||
| Sale cfmerchandising | goods | 981 | 389 | ||||
| 1,898 | 389 | ||||||
| 5. | INVESTMENT INCOME | ||||||
| 2023 | 2022 | ||||||
| 8 | 6 | ||||||
| Bank interest | 95 | 4 | |||||
| INCOME FROM CHARITABLE | ACTIVITIES | ||||||
| 2023 | 2022 | ||||||
| Activky | 6 | ||||||
| Programme cfClasses | Dance projects | classes &workshops | 27,931 | 24,746 | |||
| School Projects | Dance projects | classes &workshops | 19,817 | 16,242 | |||
| Community Projects |
Dance projects | classes &workshops | 3,691 | 3,241 | |||
| Professional Workshops |
Dance projects | dasses &workshops | 1,080 | ||||
| Community Performances |
Dance projects | dasses 8 workshops | 1,689 | 1,807 | |||
| Big Jigsaw Programme | Dance projects | dassss 8 workshops | 3,171 | 1,375 | |||
| Youth dance | Dance projects | dasses 8 workshops | 11,260 | 8,525 | |||
| Children's Dance Clubs |
Dance projects | classes &workshops | 2,533 | 2,251 | |||
| Dance Development | Leaders | ||||||
| Group | Dance projects, | classes &workshops | 1,300 | ||||
| 72,472 | 58,187 | ||||||
| RAISING FUNDS | |||||||
| RAISING DONATIONS | AND LEGACIES | ||||||
| 2023 | 2022 | ||||||
| 6 | 6 | ||||||
| Staffcosts | 464 | 445 | |||||
| Fundraiser fees | 5,000 | ||||||
| Support costs | 500 | 500 | |||||
| 5,945 | |||||||
| OTHER TRADING ACTIVITIES | |||||||
| 2023f | 2022 5 |
||||||
| Purchases | 1,340 | 602 | |||||
| Aggregate amounts |
2,304 | 6,547 |
| forthe Year Ended 31 | forthe Year Ended 31 | stMarch 2023 | |||
|---|---|---|---|---|---|
| CHARITABLE ACTIVITIES COSTS | |||||
| Direct | Support | ||||
| Costs (see | costs (see | ||||
| note 9) f |
note 10) | Totalsf | |||
| Dance projects, classes 8 workshops | 200,171 | 9,183 | 209,354 | ||
| DIRECT COSTS OF CHARITABLE ACTIVITIES | |||||
| 2023f | 2022f | ||||
| Staffcosts | 133,386 | 119,790 | |||
| Rent and running costs |
6,195 | 3,755 | |||
| Insurance | 1,1aa | 1,321 | |||
| Contractor admin support | 1,363 | ||||
| Telephone | 562 | 427 | |||
| Postage and stationery | 1,993 | 2,297 | |||
| Marketing, publicity, |
adverts | 3,860 | 5,536 | ||
| BigJigsaw Performance | 3,338 | 2,240 | |||
| Youth dance | 1,360 | 660 | |||
| Freelance professionals | 7,025 | ||||
| Professional workshops |
1,260 | 2,132 | |||
| Subscriptions | 221 | 443 | |||
| Training Costs | 203 | 1,235 | |||
| Programme ofclasses |
a,aa4 | 6,702 | |||
| Venue hire | 5,325 | 2,865 | |||
| Worcester Childrens | Groups | 111233 | 5,960 | ||
| School projects | 8,581 | 6,444 | |||
| Community projects |
8,410 | 8,656 | |||
| Travel Costs | 219 | 2,685 | |||
| Sundry expenses | 22 | 612 | |||
| Computer equipment |
and repairs | 2,288 | 3,662 | ||
| Bank charges | 780 | 509 | |||
| Depreciation | 42 | 363 | |||
| 200,171 | 188,902 | ||||
| 10. | SUPPORT COSTS | ||||
| Governance | |||||
| Management f |
costs f |
Totals f |
|||
| Raising donations and legacies |
500 | 500 | |||
| Dance projects, classes &workshops | 9,183 | a,183 | |||
| 500 | 9,183 | 9,683 |
| Support co | st | s, | includ | ed | in the above, am as fofio | ws: | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||||
| Raising | Dance | |||||||||
| donations | projects, | |||||||||
| and | dasses 5 | Total | Total | |||||||
| legacies | workshops | activities | activities | |||||||
| 8 | 6 | 6 | 6 | |||||||
| Marketing, | publicity, | adverts | 500 | 500 | 500 | |||||
| Accountancy | fees | 1,980 | 1,980 | 2/66 | ||||||
| Professional | fees | 1,564 | 1,564 | 1,555 | ||||||
| Annual return |
13 | 13 | 13 | |||||||
| Bookkeeping | 5,626 | 5,826 | 6,052 | |||||||
| 500 | 9,183 | 9,883 | 10,588 | |||||||
| NET INCOME/(EXPENDITURE) | ||||||||||
| Net income/(expenditure) | isstated after charging/(crediting): | |||||||||
| 202$ | 2022 | |||||||||
| 5 | 5 | |||||||||
| Depreciation | - | owned | assets | 43 | 362 | |||||
| Independent | examiner's | fee in respect ofexternal | scrutiny | 1,980 | 1,740 | |||||
| Independent | examiner's | fee in respect ofother assurance | services | 726 | ||||||
| Other operating | leases | 6,731 | 4,553 |
| During the year ended 31 March 2023one trustee wa STAFFCOSTS |
s paid travel expenses cff22 (2022:5143). | |
|---|---|---|
| 202$ | 2022 | |
| 8 | E | |
| Wages and salaries | 128,263 | 116,009 |
| Social security coals | 3,209 | 2,263 |
| Other pension costs | 2,378 | 1,963 |
| 133,850 | 120,235 |
| COMPARATIVES FORTHE ST | ATEMENT O | F FINANCIAL ACTIV | ITIES | ||
|---|---|---|---|---|---|
| Designated | |||||
| Investment | |||||
| in | |||||
| Unreskicted | Dancefest | Restncted | Total | ||
| funds f |
Growth 6 |
funds 6 |
fundsf | ||
| INCOME AND ENDOWMENTS | FROM | ||||
| Grants, donations and legades |
108,061 | 31,499 | 139,560 | ||
| Charitable activities | |||||
| Dance projects, dasses &workshops | 58,187 | 58,187 | |||
| Other trading activtdes Investment income |
389 4 |
389 4 |
|||
| Total | 166,641 | 31,499 | 198,140 | ||
| EXPEND!TURE ON | |||||
| Raising funds | 1,115 | 5,432 | 6,547 | ||
| Charitable activities |
|||||
| Dance projects, classes &workshops | 172,303 | 26,685 | 198,988 | ||
| Total | 173,418 | 32,117 | 205,535 | ||
| NET INCOME/(EXPENDITURE) | (6,777) | (618) | (7,395) | ||
| Transfers between funds |
9,382 | (10,000) | 618 | ||
| Net movement in funds |
2,605 | (10,000) | (7,395) | ||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward | 81,987 | 20,000 | 101,987 | ||
| TOTAL FUNDS CARRIED FORWARD | 84,592 | 10,000 | 94,592 |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Computer | |
| equipment | |
| 8 | |
| COST | |
| At 1stApril 2022 and 31stMarch 2023 | 5,610 |
| DEPRECIATION | |
| At 1stApril 2022 Charge foryear |
5,567 43 |
| At31stMarch 2023 | 5,610 |
| NET BOOK VALUE | |
| At31stMarch 2023 | |
| At 31stMarch 2022 | 43 |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 2023 | 2022 | |
| Trade debtom | 7,761 | 11,662 |
| Other debtors | 15 | 636 |
| Prepayments | 927 | 917 |
| 8,703 | 13,215 | |
| CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR | ||
| 2023 | 2022 | |
| 9 | 2 | |
| Trade creditors | 2,940 | 1,814 |
| Funds held as agent | 560 | 304 |
| Accrued expenses | 4,252 | 5,464 |
| 7,761 | 7,672 |
| Minimum le |
as | e payment | s | under non-cancellabl | e operating leases |
fall due as follows | : | |
|---|---|---|---|---|---|---|---|---|
| 2023 f |
2022 6 |
|||||||
| Within one year | 1,888 | 1,727 | ||||||
| Between one | and five years | 1,888 | 3,454 | |||||
| 3,776 | 5,181 | |||||||
| MOVEMENT | IN FUNDS | |||||||
| Net | Transfers | |||||||
| movement | between | At | ||||||
| At 1.4.22 | in funds 6 |
fundsf | 31.3.23 f |
|||||
| Unrestricted | funds | |||||||
| General Fund | 34,592 | (21,021) | 7,500 | 21,071 | ||||
| Designated | Contingency | Reserve Fund | 50,000 | 50,000 | ||||
| Designated | Investment | in | Dancefest | |||||
| Growth | 10,000 | (7,500) | 2,500 | |||||
| 94,592 | (21,021) | 73,571 | ||||||
| TOTAL FUNDS | 94,592 | (21,021) | 73,571 |
| MOVEMENT IN FUNDS - contin |
MOVEMENT IN FUNDS - contin |
MOVEMENT IN FUNDS - contin |
ued | ||||
|---|---|---|---|---|---|---|---|
| Net movement in funds, included |
in the above | are as follows: | |||||
| Incoming | Resources | Movement | |||||
| resources f |
expended f |
in funds f |
|||||
| Unrestricted funds |
|||||||
| General Fund | 179,732 | (200,753) | (21,021) | ||||
| Restricted funds | |||||||
| Projects | 500 | (ooo) | |||||
| Cover Me In Sunshine | Dance | Days | 2,827 | (2,827) | |||
| Jubilee - Crowns, Hats | and Handbags | ||||||
| Project | 7,578 | (7,578) | |||||
| 10,905 | (to,ooo) | ||||||
| TOTAL FUNDS | 190,837 | (211,658) | (21,021) | ||||
| Compsrstives for movement |
in | funds | |||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.4.21 f |
in funds f |
funds f |
31.3.22 f |
||||
| Unrestricted funds |
|||||||
| General Fund | 31,987 | (6,777) | 9,382 | 34,592 | |||
| Designated Contingency |
Reserve | Fund | 50,000 | 50,000 | |||
| Designated Investment |
in Dancefest | ||||||
| Growth | 20,000 | (10,000) | 10,000 | ||||
| 101,987 | (6,777) | (616) | 94,592 | ||||
| Restricted funds | |||||||
| Dancefest Culture Recovery Fund | (618) | 618 | |||||
| TOTAL FUNDS | 101,987 | P,395) | 94,592 | ||||
| Comparaove net movement in |
funds, induded | in the above are as follows: | |||||
| Incoming | Resources | Movement | |||||
| resounws f |
expended f |
in funds f |
|||||
| Unrestricted funds |
|||||||
| General Fund |
166,641 | (173,418) | (6,777) | ||||
| Restricted funds | |||||||
| Dancefest Culture Recovery Fund | 24,999 | (25,617) | (618) | ||||
| Floods Project Fund | 4,500 | (4,500) | |||||
| Why I Dance Project Fund |
2,000 | (2,000) | |||||
| 31,499 | (32,117) | (618) | |||||
| TOTAL FUNDS | 198,140 | (205,535) | P,395) |
| 2023 | 2022 | ||
|---|---|---|---|
| 5 | 6 | ||
| INCOME AND ENDOWMENTS | |||
| Grants, donations and legacies |
|||
| Donations | 253 | 359 | |
| Grants | 97,971 | 121,941 | |
| Worcester Municipal Exhibition |
Foundation | 17,950 | 17,260 |
| 116.174 | 139,560 | ||
| Other trading activities | |||
| Fundraising events |
915 | ||
| Sale ofmerchandising goods |
9S1 | 389 | |
| 1,896 | 389 | ||
| Investment income |
|||
| Bank interest | 95 | ||
| Charitable activities |
|||
| Programme ofClasses School Projecb |
27,931 19,S17 |
24,746 16,242 |
|
| Community Pmjects |
3,691 | 3,241 | |
| Professional Workshops |
1,080 | ||
| Community Performances |
1,689 | 1,807 | |
| BigJigsaw Programme | 3,171 | 1,375 | |
| Youth dance | 11,260 | 8,525 | |
| Children's Dance Clubs |
2,533 | 2,251 | |
| Dance Development Leaders Group |
1,300 | ||
| 72,472 | 58,187 | ||
| Total incoming resources | 190,637 | 198,140 | |
| EXPENDITURE | |||
| Raising donations and legacies |
|||
| Wages Social security |
427 29 |
427 10 |
|
| Pensions | 8 | 8 | |
| Fundraiser fees | 5,000 | ||
| 464 | 5,445 | ||
| Other trading activities | |||
| Merchandising goods costs |
1,340 | 602 | |
| Charitable activities |
|||
| Wages and Dance Artists costs Social security |
127,836 3,180 |
115,582 2,253 |
|
| Pensions | 2,370 | 1,955 | |
| Rent and running costs | 6,19S | 3,755 | |
| Insurance | 1,199 | 1,321 | |
| Contractor admin support | 1,383 | ||
| Telephone Postage and stationery |
562 1,99S |
427 2,297 |
|
| Carried forward | 143,3S5 | 128,973 |
for the Year Ended 3 |
1stMarch 2023 | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Chadtable activities |
|||
| Brought forward | 143,335 | 126,973 | |
| Marketing, publicity, |
adverts | 3,860 | 5,536 |
| Big Jigsaw Performance | 3,338 | 2,240 | |
| Youth dance | 1,360 | 660 | |
| Freelance professionals | 7,025 | ||
| Professional workshops |
1,260 | 2,132 | |
| Subscriptions | 221 | ||
| Training Costs | 203 | 1,235 | |
| Programme ofdasses |
9.694 | 8,702 | |
| Venue hire | 5,325 | 2,865 | |
| Worcester Childrens | Groups | 11,233 | 5,960 |
| School projects Community projects Travel Costs |
8,581 8,410 219 |
6,444 8,656 2,885 |
|
| Sundry expenses | 22 | 612 | |
| Computer equipment |
and repairs | 2,288 | 3,662 |
| Bank charges | 780 | 509 | |
| Depreciation | 42 | ||
| 200,171 | 188,902 | ||
| Support costs | |||
| Management | |||
| Marketing, publicity, |
adverts | 500 | |
| Governance costs | |||
| Accountancy fees | 1,980 | 2,466 | |
| Pmfessional fees |
1,564 | 1,555 | |
| Annual return |
13 | 13 | |
| Bookkeeping | 5,626 | 6,052 | |
| 9,183 | 10,086 | ||
| Total resouross expended | 211,658 | 205,535 | |
| Net expenditure | (21,021) | (7,395) |