**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: - Complete the There and Here project with refugees, migrants and asylum seekers in partnership with The Place - Lead workshops and participate on an artist panel as part of HOST, a celebration of dance and age organised by Dance East and Encore East - Deliver activities for communities in the Royal Borough of Greenwich over the Queen's Platinum Jubilee weekend - Collaborate with Greenwich and Docklands International Festival on En Route to Common Ground, an evolution of En Route including community participation - Bring back The Little Prince for the final tour of the current 5 year licence period - Work with partners on events to celebrate Refugee Week in June 2022 ## **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)'. 1 of 17 ## **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 2 of 17 ## **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 3 of 17 ## **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. 4 of 17 ## **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 5 of 17 **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 6 of 17 ## **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 7 of 17 ## **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**| 8 of 17 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance - with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting - records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. 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 9 of 17 ## **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: 10 of 17 ## **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**| 11 of 17 ## **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**| 12 of 17 ## **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**| 13 of 17 ## **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**| 14 of 17 ## **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**| 15 of 17 ## **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 16 of 17 ## **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. 17 of 17