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2022-03-31-accounts

Charity number: 1103713

Company number: 04291125

(England and Wales)

Protein Dance

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 March 2022

Protein Dance Contents Page For the year ended 31 March 2022

Report of the Trustees 1 to 6
Independent Examiner's Report to the Trustees 7
Statement of Financial Activities 8
Statement of Financial Position 9
Notes to the Financial Statements 10 to 17

Protein Dance Report of the Trustees

For the year ended 31 March 2022

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2022, another year in which Protein demonstrated its value to the communities it serves and the dance sector more widely.

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 the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The company's Charitable Objectives are to promote, maintain, improve and advance the education and appreciation of the public in dance and other Arts including, drama, mime, film, singing and music.

OVERVIEW

Protein has 25 years' experience of creating high quality, innovative dance theatre work in both professional and community settings and is recognised as a ground-breaking sector advocate.

Our mission is to connect people and everyday life through dance, both on and off stage, provide dance experiences that everyone can be moved by, amplify the voices which are least heard and to remain relevant, proactive and humble.

In 2021-22 we celebrated the return to live performance with a new outdoor promenade production, En Route, and our family show The Little Prince toured to theatres and arts centres around the UK and to Italy.

In our participation strand we delivered an engagement project with young people outside of mainstream education and a performance project with refugees, migrants and asylum seekers.

We continued to share our digital work, with films The Sun Inside and This is Us featuring at international film festivals.

In November 2021 we finally moved into our new home of Woolwich Works in the Royal Borough of Greenwich where we are Resident Artistic Company. And in March 2022 we were proud to win a Civic Award from the Royal Borough of Greenwich in recognition of our contribution to the local community over the past decade.

FUTURE DEVELOPMENTS

In the 2022-23 year the company aims to:

Statement on public benefit

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

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Protein Dance Report of the Trustees Continued For the year ended 31 March 2022

ACHIEVEMENTS AND PERFORMANCE

Significant activities

PRODUCTIONS:

En Route

Following periods of research and development in 2020-21 Protein created a new work, En Route. En Route is a unique promenade experience, journeying from Woolwich Common, through Woolwich Town Centre down to the river at Royal Arsenal Riverside. Over a 3 hour period covering 4.5km the audience enjoyed dance, specially commissioned live music and storytelling.

An ambitious project logistically, En Route also had the biggest cast of any Protein production, with 9 dancers and 5 musicians. There was original music and songs written by 5 composers.

Access was at the heart of En Route and a detailed access plan was developed with a dedicated route for wheelchair users and those with pushchairs, a detailed map of the route and BSL interpretation.

A covid case in the cast in the latter part of the rehearsal period resulted in the loss of the production week and three performances. Three public performances took place in late July/early August 2021, experienced by a ticketed audience and those who joined along the way totalling around 1,500 people.

During the creation and rehearsal process one day a week was devoted to free community engagement activities. Starting with online sessions and one to one walks between the artists and members of the public during lockdown, this developed into weekly outdoor dance fitness workshops, story sharing sessions and picnics. The participants became 'Friends of Protein' and many volunteered to support during the rehearsals and performances.

The project was thoroughly evaluated by a PhD student who was on a placement from the University of Roehampton to learn about making and staging outdoor work.

The Little Prince

We returned to live theatre performance in Autumn 2021 with a remount of The Little Prince. The first 2 weeks of rehearsals took place in a studio at our new home of Woolwich Works. The show toured to 8 venues around the UK and to Marche Teatro in Italy, a postponed venue from the Spring 2020 tour.

The tour included a week long run at Norden Farm in Maidenhead over half term, a 9 show run at The Place in London in the run up to Christmas and our first ever performances at Woolwich Works, with 2 public performances and 2 schools' matinees. Overall there were 28 performances of the main stage version and 2 performances of the adapted version for smaller/rural venues. 3,920 people attended the public performances.

Using our learning from previous relaxed shows we supported The Place to host their first relaxed performance.

PARTICIPATION:

Protein 21 Reimagine

Our final rescheduled Reimagine project (part of Protein's 21st anniversary celebrations) took place over Easter 2021. Three Protein dancers worked with Centre for Advanced Training (CAT) students from Dance4 in Nottingham over zoom to reimagine Border Tales. A film was made of the resulting work.

Real Life Real Dance - PRU project 'This is Us'

In May 2021 we were finally able to undertake a planned project with New Directions Pupil Referral Unit in the London Borough of Newham. The project had been postponed due to the pandemic and the outcome was changed from a live performance to a film. The resulting dance film, This is Us, was created in collaboration with Luca, 3 dance artists and filmmaker Alice Underwood and a Bronze Arts Award qualification was weaved into the programme.

The project focused on the importance of the young people's engagement in the arts while developing their awareness and connection to their local area, the Royal Docks. It investigated identity and how digital communication and the rules about social distancing at the time had affected their sense of self and of the space and people around them.

The film was released in early October and featured at the launch event of the Royal Docks Cultural Quarter on 15 October. It also went on to feature at international film festivals.

Real Life Real Dance - Refugee project 'There and Here'

In Spring 2022 we embarked on a performance project with refugees, migrants and asylum seekers. Following the

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Protein Dance Report of the Trustees Continued For the year ended 31 March 2022

successful model from the previous project in 2015 and with funding from the Rebecca Dykes Foundation it was delivered in partnership with The Place in London who hosted the company over a three and a half week period.

Delivered by Luca with 2 dance artists, a musician, and our work placement student the participants came together every weekday over the period to share stories, sing, dance and create movement as well as share a hot lunch which was provided. A contribution to travel expenses and childcare costs was also provided.

Protein once again connected with the Islington Centre for Refugees and Migrants to run weekly dance classes in the run up to the project. The Centre also supported the project with volunteers who assisted participants to travel to The Place to attend taster workshops and the first few days of the project.

We also connected with the British Red Cross and Care4Calais, both of whom brought participants to the project and supported their participation.

Other supporters included Migrant Help UK, Woolwich Works and Snow Creative with additional funding from Berkeley Group and individual donors through our crowdfunding campaign.

As at 31 March 2022 the project was at the midway stage.

ARTIST DEVELOPMENT:

Northern School of Contemporary Dance MA Placement

Protein hosted an MA student from NSCD as a 'work based learner' for the first time this year. The placement runs over a 10 month period where the student gains an insight into life at a professional dance company. The student toured as an understudy on the tour of The Little Prince, stepping in to perform occasionally, taught children's workshops, co-led the refugee project and performed at the opening of Woolwich Works.

Professional Development - Embrace

Embrace is Protein's ongoing professional development programme and includes practical and reflective work that allows space for sharing and discourse around working in or practising dance today.

In March 2022 we hosted 2 days of interactive online training focusing on engaging and working creatively with asylum seekers, refugees, migrants and displaced communities. The sessions were attended by representatives from dance and other creative organisations, independent dance artists, the creative team for the refugee project and the Protein staff team.

Guest speakers included Counterpoints Arts' Emily Churchill Zaraa, independent artist Aida Silvestri, Phosphoros Theatre's Kate Duffy-Syedi and Syed Haleem Najibi and Legal Case Worker Maya Thomas-Davis.

ROYAL BOROUGH OF GREENWICH/WOOLWICH WORKS:

Woolwich Works Opening Event

The opening event at Woolwich Works took place on 22 September. Five Protein dancers shared the stage with musicians from the National Youth Jazz Orchestra (NYJO), carnival dancers and musicians from Taru Arts and singer Mica Paris in a number choreographed by Luca. The event was attended by around 800 invited guests and featured performances and speeches ahead of the public opening on 23 September.

The Little Prince performances and workshops

One of the highlights of the Autumn tour was performing The Little Prince at our new home in Woolwich. Ahead of our four-day run at Woolwich Works we delivered 5 days of dance theatre workshops with children from local Greenwich primary schools, organised in conjunction with the Education and Community team at Woolwich Works. Over 400 children from 10 different schools and one home educated group attended the workshops. Following the workshops nearly 1,000 children came to see the 2 dedicated schools' matinee performances.

Greenwich connections

The Greenwich Cultural Forum, an informal network of artists and cultural organisations in the borough, was rebooted with a return to face-to-face meetings in February 2022. This was spearheaded by a new Administrative Group, comprising of the new Executive Director from Protein together with representatives from the University of Greenwich and Artfix, a local café/arts space.

Protein continues to be an active member of the Greenwich Cultural Education Partnership (CEP) which also returned to in

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Protein Dance Report of the Trustees Continued For the year ended 31 March 2022

person meetings following the pandemic.

Through our refugee work we have created new relationships with Greenwich Inclusion Project, Migrant Hub, Greenwich Borough of Sanctuary and the Greenwich Syrian Women's group.

DIGITAL:

May Contain Food online

Protein continued to collaborate with venues on ticketed broadcast events. May Contain Food was shown with partners South Hill Park, Lancaster Arts, Kings Place and Norwich Theatre Royal in April/May 2021. The menu was available for audiences to download to prepare their own food beforehand and Luca did an Instagram live with Lancaster Arts and a Zoom Q&A with Kings Place.

International Film Festivals

The Sun Inside, Protein's film created in lockdown from 152 contributors from around the world and This is Us, created with students from New Directions PRU in the London Borough of Newham were shown at film festivals.

The Sun Inside was presented at the Experimental Film and Music Video Festival in Toronto and Los Angeles and also at Hangart Arts Festival in Italy.

This is Us was selected to be shown as part of CAN.CIN.FEST, an online film festival based in France and received Honourable Mention at the Athens International Monthly Art Film Festival.

The Shows Must Go On!

Protein entered into a 5 year agreement with NBCUniversal in April 2021 to be part of The Shows Must Go On! which celebrates all things theatre on YouTube. To date Border Tales has received over 25,000 views.

FINANCIAL REVIEW

Significant events

Incoming resources for the year were £411,289. Total resources expended in the year were £474,150. This led to a planned in year deficit of £62,861 mitigated by funds carried over from 2020-21 for our production of En Route.

FUNDERS

During 2021-22 in addition to ongoing funding from Arts Council England and Royal Borough of Greenwich we received a grant of £22,238 from the Rebecca Dykes Foundation (Princes Exchange Foundation) to support the delivery of our Real Life Real Dance project with refugees, migrants and asylum seekers. A crowdfunding campaign also raised £1,592 towards this project and Berkeley Homes gave a grant of £2,500 to support our work with refugees in the Royal Borough of Greenwich.

We also received £2,714 from Royal Docks on successful completion of the Real Life Real Dance project with New Directions Pupil Referral Unit.

Reserves

The company's Reserves Policy is to maintain an unrestricted designated fund of £80,000 as working capital, which represents approximately three months' central costs and a modest contingency. This reserve is to aid cashflow and provide for an orderly wind-down in the event of an unexpected reduction in the funds raised.

At the year end, total reserves amounted to £143,969. The reserves include a restricted fund, which stood at £11,119, the Company's Core Cost Reserve (designated) of £80,000, and a Touring Reserve (designated) of £32,790. The net book value of the company's fixed assets at the year end was £618, and the company's free reserves at 31 March 2022 amounted to £19,442.

RISK MANAGEMENT

Protein regularly reviews its risk register in order to mitigate the risks which the company faces. The key risks currently being managed include funding, the continued impact of the pandemic, inflation, staff capacity and staff retention.

POST BALANCE SHEET EVENT

In November 2022, Arts Council England announced that it would not be continuing to fund Protein as a National Portfolio Organisation (NPO) for the period from 2023 to 2026. The company was very disappointed with this decision, but will be applying for ACE Transition Funding for a period during which Protein can re-engineer its business model to ensure its sustainability under the new circumstances.

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Protein Dance Report of the Trustees Continued For the year ended 31 March 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Company is limited by guarantee and does not have a share capital. It is governed by Memorandum and Articles of Association, incorporated 20 Sept 2001, and registered as a Charity, 12 May 2004.

As a registered Charity, Protein is governed by a Board of trustees. The Board is led by Simon Pitts, an experienced Chair, who has been in place since 2019. Day-to-day management is delegated to the Artistic Director and the Executive Director.

ARTISTIC ASSOCIATIONS

Partner Company of ARC Stockton on Tees since 2016 Associate Company of People Dancing since 2017 Resident Artistic Company at Woolwich Works since 2021 Luca Silvestrini is Affiliate Artist at The Place

STAFFING

Protein is run by a small core staff team. During the year there were 5 members of staff on payroll, working at 4.2 full time equivalent.

Franck Bordese, Executive Director since 2017, left the company in June 2021 and was replaced by Louise Allen who joined in September 2021. An interim Executive Director, Anna Arthur, provided cover from July to early September.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity Protein Dance Charity registration number 1103713 Company registration number 04291125 Principal address The Fireworks Factory 11 No.1 Street London SE18 6HD

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Independent examiner

Lorraine Cox Jane Downes (Appointed: 26 April 2022) Lew Hodges Carolyn Naish Hakeem Onibudo (Resigned: 31 August 2021) Simon Pitts (Chair) Fiona Ross Vick Sagar Shah Diana Walton Andrew M Wells FMAAT Counterculture Partnership LLP 99 Western Road Lewes East Sussex BN7 1RS

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Protein Dance Report of the Trustees Continued For the year ended 31 March 2022

Approved by the Board of Trustees and signed on its behalf by

............................................................................. Simon Pitts (Chair)

06 December 2022

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Protein Dance

Independent Examiners Report to the Trustees For the year ended 31 March 2022

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, 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 carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

Since the Charitable company's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of Association of Accounting Technicians, 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 that in any material respect:

  1. 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 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

  4. 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).

I have no concerns 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.

Andrew M Wells FMAAT Counterculture Partnership LLP 99 Western Road

Lewes East Sussex BN7 1RS

06 December 2022

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Protein Dance

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2022

Notes Unrestricted Restricted 2022 2021
funds funds
£ £ £ £
Income and endowments from:
Donations and legacies 2 293,706 29,194 322,900 305,352
Charitable activities 3 88,380 - 88,380 22,120
Investments 4 9 - 9 12
Total 382,095 29,194 411,289 327,484
Expenditure on:
Charitable activities 5 (447,259) (26,891) (474,150) (243,845)
Total (447,259) (26,891) (474,150) (243,845)
Net income/expenditure (65,164) 2,303 (62,861) 83,639
Reconciliation of funds
Total funds brought forward 198,014 8,816 206,830 123,191
Total funds carried forward 132,850 11,119 143,969 206,830

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04291125

Registered Number :

Protein Dance Statement of Financial Position As at 31 March 2022

Notes 2022 2021
£ £
Fixed assets
Tangible assets 10 618 1,709
618 1,709
Current assets
Debtors 11 62,641 62,058
Cash at bank and in hand 103,851 213,491
166,492 275,549
Creditors: amounts falling due within one year 12 (23,141) (70,428)
Net current assets 143,351 205,121
Total assets less current liabilities 143,969 206,830
Net assets 143,969 206,830
The funds of the charity
Restricted income funds 13 11,119 8,816
Unrestricted income funds 13 132,850 198,014
Total funds 143,969 206,830

For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Simon Pitts (Chair) Trustee

06 December 2022

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Protein Dance Notes to the Financial Statements For the year ended 31 March 2022

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Companies Act 2006.

Protein Dance meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

The financial statements are prepared, on a going concern basis, under the historical cost convention.

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Income and endowments

Voluntary income including donations, 'gifts, legacies and grants that provide core funding or are of a general nature is recognised when the Charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Resources expended

Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

These include the costs attributable to the Charity's compliance with constitutional and statutory requirements, including audit, strategic management and Trustee's meetings and reimbursed expenses.

Taxation

As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

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Protein Dance Notes to the Financial Statements Continued For the year ended 31 March 2022

2. Income from donations and legacies

Donations received
Grants received		 2021
2022
Restricted
funds
Unrestricted
funds
£
£
£
£
1,340
4,793
4,242
551
304,012
318,107
24,952
293,155
305,352
322,900
29,194
293,706

Analysis of grants received

Arts Council England
Princes Exchange Foundation
Royal Borough of Greenwich
Royal Docks
ncome from charitable activities
Unrestricted funds
Dance productions
Performances
Education fees
Commissions
Miscellaneous income
Theatre Tax Relief		 2022
£
243,155
22,238
50,000
2,714
318,107
2022
£
46,373
3,354
1,711
4,152
32,790
88,380
88,380		 2021
£
243,155
-
50,000
10,857
304,012
2021
£
3,358
4,213
4,418
131
10,000
22,120
22,120

3. Income from charitable activities

4. Investment income

Unrestricted funds
Bank interest receivable		 2022
£
9
9		 2021
£
12
12

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Protein Dance

Notes to the Financial Statements Continued For the year ended 31 March 2022

5. Costs of charitable activities by fund type

osts of charitable activities by fund type
Direct cost
Staff costs - wages &
salaries
Staff costs - social security
costs
Staff costs - pension
contributions
Depreciation - owned assets
Project purchases
Project fees
Project rent
Project travel and freight
Project accommodation and
subsistence
Project marketing
Support costs
Dance productions
Management
Depreciation - owned assets
Rent
Insurance
Repairs
Telephone
Office expenses
Subscriptions
Sundry
Travel
Bank charges
Finance
Depreciation - owned assets
Governance costs
Accountancy fees		 Unrestricted
funds
£
149,936
9,850
4,436
344
28,836
158,237
5,896
30,520
9,329
31,265
428,649
746
3,438
2,424
1,301
75
2,451
3,946
2,434
210
185
-
1,400
18,610
447,259		 Restricted
funds
£
2,992
-
-
-
2,504
14,873
-
2,559
780
2,585
26,293
-
-
-
-
9
-
51
538
-
-
-
-
598
26,891		 2022
£
152,928
9,850
4,436
344
31,340
173,110
5,896
33,079
10,109
33,850
454,942
746
3,438
2,424
1,301
84
2,451
3,997
2,972
210
185
-
1,400
19,208
474,150		 2021
£
145,183
9,974
4,015
344
1,484
43,136
5,276
868
1,068
21,507
232,855
-
-
2,403
115
162
152
3,556
1,661
84
170
1,287
1,400
10,990
243,845

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Protein Dance Notes to the Financial Statements Continued For the year ended 31 March 2022

6. Analysis of support costs

nalysis of support costs
2022 2021
£ £
Dance productions
Management 17,808 8,303
Finance - 1,287
Governance costs 1,400 1,400
19,208 10,990

7. Net income/(expenditure) for the year

This is stated after charging/(crediting):

2022 2021
£ £
Depreciation of owned fixed assets 1,090 1,631
Accountancy fees 1,400 1,400
Staff pension contributions 4,436 4,015

8. Staff costs and emoluments

Total staff costs for the year ended 31 March 2022 were:

Salaries and wages
Social security costs
Pension costs
Artistic and management		 2022
£
152,928
9,850
4,436
167,214
2022
4
4		 2021
£
145,183
9,974
4,015
159,173
2021
5
5

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Protein Dance

Notes to the Financial Statements Continued For the year ended 31 March 2022

9. Comparative for the Statement of Financial Activities

Income and endowments from:
Donations and legacies
Charitable activities
Investments
Total
Expenditure on:
Charitable activities
Total
Net income
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
294,495
22,120
12
316,627
(241,804)
(241,804)
74,823
123,191
198,014		 Restricted
funds
£
10,857
-
-
10,857
(2,041)
(2,041)
8,816
-
8,816		 2021
£
305,352
22,120
12
327,484
(243,845)
(243,845)
83,639
123,191
206,830

10. Tangible fixed assets

Cost or valuation
At 01 April 2021
At 31 March 2022
Depreciation
At 01 April 2021
Charge for year
At 31 March 2022
Net book values
At 31 March 2022
At 31 March 2021
11. Debtors
Amounts due within one year:
Trade debtors
Prepayments and accrued income
Other debtors		 2022
£
18,603
16,520
27,518
62,641		 Plant and
machinery
£
9,577
9,577
7,868
1,091
8,959
618
1,709
2021
£
5,026
47,032
10,000
62,058

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Protein Dance Notes to the Financial Statements Continued For the year ended 31 March 2022

12. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income		 2022
£
12,807
4,026
6,308
23,141		 2021
£
59,112
5,407
5,909
70,428

13. Movement in funds

Unrestricted Funds

Designated
Core cost reserve fund
Touring reserve
General
General
Unrestricted Funds - Previous year
Designated
Core cost reserve fund
General
General		 Balance at
01/04/2021
£
45,000
-
153,014
198,014
Balance at
01/04/2020
£
45,000
78,191
123,191		 Incoming
resources
£
-
-
382,095
382,095
Incoming
resources
£
-
316,627
316,627		 Outgoing
resources
£
-
-
(447,259)
(447,259)
Outgoing
resources
£
-
(241,804)
(241,804)		 Transfers
£
35,000
32,790
(67,790)
-
Transfers
£
-
-
-		 Balance at
31/03/2022
£
80,000
32,790
20,060
132,850
Balance at
31/03/2021
£
45,000
153,014
198,014

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Protein Dance Notes to the Financial Statements Continued For the year ended 31 March 2022

Purpose of unrestricted Funds

Core cost reserve fund

This fund is to provide working capital and financial resilience to secure the company's sustainability.

Touring reserve

The trustees have decided to designated the TTR income to finance the tour of The Little Prince in 2022-23.

General

The production of theatrical dance performances

Restricted Funds

Restricted fund
Restricted Funds - Previous year
Restricted fund		 Balance at
01/04/2021
£
8,816
8,816
Balance at
01/04/2020
£
-
-		 Incoming
resources
£
29,194
29,194
Incoming
resources
£
10,857
10,857		 Outgoing
resources
£
(26,891)
(26,891)
Outgoing
resources
£
(2,041)
(2,041)		 Balance at
31/03/2022
£
11,119
11,119
Balance at
31/03/2021
£
8,816
8,816

Purpose of restricted funds

Restricted fund

For specific aspects of performances

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Protein Dance Notes to the Financial Statements Continued For the year ended 31 March 2022

14. Analysis of net assets between funds

Unrestricted funds
General
General
Designated
Core cost reserve fund
Touring reserve
Restricted funds
Restricted fund
Previous year
Unrestricted funds
General
General
Designated
Core cost reserve fund
Restricted funds
Restricted fund		 Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
618
19,442
20,060
-
80,000
80,000
-
32,790
32,790
-
11,119
11,119
618
143,351
143,969
Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
1,709
151,305
153,014
-
45,000
45,000
-
8,816
8,816
1,709
205,121
206,830

15. Company limited by guarantee

Protein Dance is a company limited by guarantee and accordingly does not have a share capital.

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