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 2023
Protein Dance Contents Page For the year ended 31 March 2023
| Report of the Trustees | 1 to 7 |
|---|---|
| Independent Examiner's Report to the Trustees | 8 |
| Statement of Financial Activities | 9 |
| Statement of Financial Position | 10 |
| Notes to the Financial Statements | 11 to 18 |
Protein Dance Report of the Trustees
For the year ended 31 March 2023
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 2023, 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 over 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 in mainstream culture and to remain relevant, proactive and humble.
In 2022-23 our popular family show The Little Prince toured around the UK once again, including to rural venues as part of the Rural Touring Dance Initiative. En Route, our promenade production created during the pandemic, was revived and further developed for Greenwich and Docklands International Festival as En Route to Common Ground, featuring contributions from local artists and 3 local community groups.
Our There and Here co-created dance and music project with adult refugees, migrants and asylum seekers culminated in performances for invited audience at The Place theatre and was celebrated through a special sharing of the documentary film about the project at Woolwich Works during Refugee Week.
A highlight of the year came at The Stage Awards in January 2023 when There and Here won the award for Community Project of the Year.
FUTURE DEVELOPMENTS
In the 2023-24 year the company aims to:
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Successfully transition to a new operating model in the first half of the year
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Lead a module on community dance for BA dance students from London Contemporary Dance School
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Convene a celebration event at Woolwich Works for Refugee Week
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Deliver a co-created dance project with young people outside of mainstream education from Newhaven PRU in Greenwich
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Revive and tour May Contain Food May Contain You to rural and small venues around the UK, with accompanying workshops in care homes
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 2023
ACHIEVEMENTS AND PERFORMANCE
Significant activities
PRODUCTIONS:
En Route to Common Ground
A development of the original En Route from 2021, Protein was commissioned by Greenwich and Docklands International Festival to present a new iteration, En Route to Common Ground, for the 2022 festival.
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 enjoy dance, specially commissioned live music and storytelling.
Building on the success of the original production, the cast of En Route to Common Ground was expanded to include two local artists, one on Kora and drum and one performing a traditional Nigerian song. Additionally, community performers were incorporated which was not possible in 2021 due to the pandemic restrictions. This included the Some Voices Choir, who run a regular group at Woolwich Works, adults from past Protein projects, including refugees and asylum seekers from the Spring 2022 There and Here project and participants from the 2021 Open Fridays sessions, and young people from the Tramshed.
En Route to Common Ground was experienced by a total audience of around 6,000 people.
'Fun and exciting, bringing the community together!' - Audience member
The Little Prince
The Little Prince is Protein's family show based on the iconic story by Antoine de Saint-Exupery.
In Spring 2023 the main stage version of the show toured nationally, giving 14 performances in 8 venues. We then switched to the adapted version for rural and smaller venues for a 2-week rural tour supported by the Rural Touring Dance Initiative. This involved 8 performances (of which 4 were schools performances) at 7 different rural venues in Somerset, Wales, Norfolk and Chichester, as well as 4 school workshops.
The tour culminated at our home of Woolwich Works in Royal Borough of Greenwich where we performed the smaller version of the show, giving 3 free schools performances and 3 public shows, all of which sold out. Ahead of the run in Woolwich, the company delivered 12 primary school workshops which engaged 650 young people living in the Borough.
The Little Prince was experienced by almost 3,000 children and their grown ups.
'Thoroughly entertaining. Great choreography, humorous, thought provoking and poignant' - Audience member
'Picture This' exhibition at The Lowry
Protein's production of The Little Prince featured in an exhibition at The Lowry in Salford from July to October. The exhibition looked at six popular children's books that have a strong visual identity on the page and have also been vividly brought to life on stage. Protein loaned costumes and prop pieces as well as the original costume design drawings by designer Yann Seabra.
PARTICIPATION:
Refugees, Migrants and Asylum seekers
Our Spring 2023 co-created dance and music project There and Here culminated in two performances at The Place theatre in London to a large and enthusiastic crowd, mixing family, friends, industry guests and partner organisations.
Led by Luca Silvestrini with 2 dance artists, a musician, and our work placement student from Northern School for Contemporary Dance the participants came together every weekday over a three and a half week 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 given to participants.
The project was delivered in partnership with The Place with funding from the Rebecca Dykes Foundation. The Islington Centre for Refugees and Migrants 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.
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Protein Dance Report of the Trustees Continued For the year ended 31 March 2023
Other supporters included Migrant Help UK, Woolwich Works and Snow Creative with additional funding from Berkeley Group and individual donors and match funding through our crowdfunding campaign.
Project summary:
11 taster workshops and welcome meetings attended by 134 participants
50 individuals took part by attending at least one session
21 participants attended the 18 making days and performed in the work
2 public performances attended by an invited audience of 300
2 participants exhibited their artwork in the theatre foyer
1 participant from the 2015 project was interviewed and took photos Around 450 hot, freshly prepared lunches provided during the residency Travel expenses and childcare support offered to the 21 performing participants
I am very happy to be with you for a while and I learned a lot from you. This was a very successful and excellent project. - Participant
It's beautiful to see high quality multi-generational participatory performance, whilst poignantly humanising refugee people and celebrating a multitude of cultures. - Audience Member
Following the project, we continued to deliver weekly dance workshops at the Islington Centre for Refugees and Migrants through to the summer. Thanks to funding from The Place we able to continue the sessions in Autumn 2022 and Spring 2023 and attendance numbers steadily increased to an average of 25 people participating each week, including families and children, elders, wheelchair users and seated participants.
We were delighted to be invited to present an adapted, shorter version of There and Here at the Islington Centre for Refugees and Migrant's 25th anniversary celebration which took place at the Amnesty International building in November. Members of the original cast rehearsed alongside newcomers to adapt the piece at weekly rehearsals in the Autumn.
HOST
In May Luca led workshops on 'Dance on Location' and participated in a 'Conversations on Dance & Age' artist panel as part of HOST in Ipswich. HOST is a celebration of dance and age organised by Dance East and Encore East, which brought together older dancers with artists, practitioners and choreographers to dance and talk in a programme of workshops, presentations, discussions and performances. Luca's sessions, delivered to 35 dancers, explored the implications and opportunities when creating and performing dance outside the conventional theatre frame.
ARTIST DEVELOPMENT:
Northern School of Contemporary Dance placement students
The 2021-22 placement student finished their time with the company in May, having toured with The Little Prince, co-led the refugee project, taught children's workshops and performed at the opening of Woolwich Works.
A new placement student joined Protein for the 22-23 year in August, going straight into the cast of En Route to Common Ground. They also went on to tour with The Little Prince and teach workshops.
People Dancing in the Summer
Luca led an all-day professional development opportunity on 'People, Places and Unusual Spaces' in Leicester in July as part of the People Dancing summer school.
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 November 2022 we convened an iteration of Embrace titled Navigating Change. Life and Business coach June Gamble worked with Protein to deliver zoom sessions for artists from the sector and the Protein staff team.
Corso per DanzEducatore in Bologna
In early January, Luca was once again invited to lead a three-day intensive on Community Dance Practice at Mousike's Corso per DanzEducatore in Bologna, Italy. Luca is a long-term course leader of this two-year course for dance practitioners coming from all over Italy and his module is one of the highlights of the programme.
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Protein Dance Report of the Trustees Continued For the year ended 31 March 2023
ROYAL BOROUGH OF GREENWICH/WOOLWICH WORKS:
As well as En Route to Common Ground and the performances and engagement activity for The Little Prince Protein delivered the following activity in the borough.
The Queen's Platinum Jubilee Weekend
Protein was involved with a number of celebration events over the Queen's Jubilee weekend.
On Thursday 2 June we took part in the Together 22 event in Charlton Park where we had a stall in the 'Community Village'. On Saturday 4 June we ran free family dance workshops for children and their grownups at Woolwich Works to explore and make dance together. And on Sunday 5 June Protein joined a street party outside the Woolwich Common Community Centre together with Taru Arts, a local carnival organisation, leading dance through seven decades of the Queen's reign, reaching 300 local people.
Woolwich Common Community Centre Opening
We were proud to be asked to perform at the opening of the new Woolwich Common Community Centre building on 8 June. Eryck Brahmania performed a solo from Border Tales.
Refugee Week 2022
For Refugee Week in June we held a number of events celebrating the contributions, creativity and resilience of refugees and people seeking sanctuary.
On Tuesday 21 June we joined the Lewisham Refugee and Migrant Network Migrant Hub at Woolwich Common Community Centre where we led a dance workshop.
On Thursday 23 June Luca and Caron led a Zoom workshop in association with People Dancing to enhance dance artists' confidence and skillset when inviting refugee communities to take part in dance projects.
The highlight of the week was There and Here - A Celebration on Saturday 25 June. This was a special event featuring the premiere of the documentary film about our performance project with refugees and asylum seekers earlier in the year. There were artist and refugee-led craft workshops, dance and music activities and a free buffet lunch. Representatives from Greenwich Borough of Sanctuary had a stall providing information and resources. We had 115 attendees including the Syrian Women's Dance Group, refugee families based in Greenwich and participants from Protein's project There and Here.
Dance through the Decades at Christmas Market
As part of the Royal Arsenal Christmas Market, organised by Berkeley Group and GCDA, Protein and Taru Arts returned to the project originally created and presented as part of the Queen's Jubilee. This festive edition of Dance through the Decades took place just outside Woolwich Works on Saturday 26 November with around 200 children and adults participating.
Young people in care workshops
Protein was commissioned by Greenwich Virtual School and Inclusive Services, who support Looked After children in the borough to deliver dance workshops as part of their weekly club. A group of the participants also attended a performance of The Little Prince at Woolwich Works
DIGITAL:
International Film Festivals
Protein's work continued to be featured at international film festivals. LOL (lots of love) featured in the Busan International Performing Arts Festival in Korea. The Ramallah Contemporary Dance Festival showed both This is Us and The Sun Inside. This is Us was also presented as part of the PlatArtistic Spring Dancefilm festival in Spain and the Kino Tanca online dance festival in Poland.
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Protein Dance Report of the Trustees Continued For the year ended 31 March 2023
FINANCIAL REVIEW
Significant events
Incoming resources for the year were £413,542. Total resources expended in the year were £387,648. This led to an in-year surplus of £25,894.
FUNDERS
The company's principal funders in the year were Arts Council England and Royal Borough of Greenwich. The project with refugees, migrants and asylum seekers was funded by the Rebecca Dykes Foundation (Princes Exchange Foundation), for which a restricted accrual of £11,119 was carried forwards from 2021-22. Funding of £1,410 was received from Trust for London as match funding for the crowdfunding campaign towards the refugee project.
The continued delivery of weekly dance sessions at the Islington Centre for Refugees and Migrants in Autumn 2022 and Spring 2023 was supported by The Place.
In summer 2022 Protein commissioned fundraising consultants Achates Philanthropy to work with the company on a funding review and a new fundraising strategy to support the diversification of funding streams going forwards.
OPERATIONAL CHANGES
In November 2022, Arts Council England (ACE) announced that it would not be continuing to fund Protein as a National Portfolio Organisation (NPO) for the period from 2023 to 2026. Transition Funding of £141,841, equivalent to 7 months of the previous NPO grant, has been secured from ACE to enable the company to develop and adapt to a new operating model.
From April to September 2023 Protein will undertake a period of organisational development, streamlining our structure and overheads and transitioning to a new operational model to embed sustainability going forwards. Staffing will be adapted to a more nimble, flexible model with the capacity of the core team scaled up and down with support from our existing pool of expert freelancers, according to the requirements of the programme.
A revised fundraising plan has been developed in collaboration with fundraising consultants and earned income will be increased through proactively seeking additional external commissions and engagements for the Artistic Director, building on the reputation Protein has established as the expert sharing learning around community participation through dance.
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 £169,863. The reserves include the Company's Core Cost Reserve (designated) of £80,000 and a Touring Reserve (designated) of £39,530. The net book value of the company's fixed assets at the year end was nil, and the company's free reserves at 31 March 2023 amounted to £50,333.
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, inflation and staff capacity.
Going concern
The financial statements have been prepared on a going concern basis. The directors are confident that the group has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future for a minimum of twelve months from the date of approval of these financial statements. The directors are continually reviewing their plans and forecasts and believe that the going concern basis is appropriate.
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Protein Dance Report of the Trustees Continued For the year ended 31 March 2023
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.
As at 31 March 2023 there were 8 trustees.
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.
We engage dance artists, musicians, creatives, practitioners and technical staff on a project by project basis. Through the year we supported a total of 28 freelancers.
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 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 2023
Approved by the Board of Trustees and signed on its behalf by
09 October 2023
.............................................................................
Simon Pitts (Chair)
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Protein Dance
Independent Examiners Report to the Trustees For the year ended 31 March 2023
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2023.
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:
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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
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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
09 October 2023
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Protein Dance
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2023
| Notes | Unrestricted | Restricted | 2023 | 2022 | |
|---|---|---|---|---|---|
| funds | funds | ||||
| £ | £ | £ | £ | ||
| Income and endowments from: | |||||
| Donations and legacies | 2 | 294,582 | 1,410 | 295,992 | 322,900 |
| Charitable activities | 3 | 117,402 | - | 117,402 | 88,380 |
| Investments | 4 | 148 | - | 148 | 9 |
| Total | 412,132 | 1,410 | 413,542 | 411,289 | |
| Expenditure on: | |||||
| Charitable activities | 5 | (375,119) | (12,529) | (387,648) | (474,150) |
| Total | (375,119) | (12,529) | (387,648) | (474,150) | |
| Net income/expenditure | 37,013 | (11,119) | 25,894 | (62,861) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 132,850 | 11,119 | 143,969 | 206,830 | |
| Total funds carried forward | 169,863 | - | 169,863 | 143,969 |
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Registered Number : 04291125
Protein Dance Statement of Financial Position As at 31 March 2023
| Notes | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 10 | - | 618 |
| - | 618 | ||
| Current assets | |||
| Debtors | 11 | 112,982 | 62,641 |
| Cash at bank and in hand | 89,442 | 103,851 | |
| 202,424 | 166,492 | ||
| Creditors: amounts falling due within one year | 12 | (32,561) | (23,141) |
| Net current assets | 169,863 | 143,351 | |
| Total assets less current liabilities | 169,863 | 143,969 | |
| Net assets | 169,863 | 143,969 | |
| The funds of the charity | |||
| Restricted income funds | 13 | - | 11,119 |
| Unrestricted income funds | 13 | 169,863 | 132,850 |
| Total funds | 169,863 | 143,969 |
For the year ended 31 March 2023 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 09 October 2023
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Protein Dance Notes to the Financial Statements For the year ended 31 March 2023
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 2023
2. Income from donations and legacies
| Donations received Grants received |
2022 2023 Restricted funds Unrestricted funds £ £ £ £ 4,793 1,427 - 1,427 318,107 294,565 1,410 293,155 322,900 295,992 1,410 294,582 |
|---|---|
Analysis of grants received
| Arts Council England Princes Exchange Foundation Royal Borough of Greenwich Royal Docks Trust for London ncome from charitable activities Unrestricted funds Dance productions Performances Education fees Commissions Miscellaneous income Theatre Tax Relief |
2023 £ 243,155 - 50,000 - 1,410 294,565 2023 £ 63,098 3,011 2,761 9,002 39,530 117,402 117,402 |
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 |
3. Income from charitable activities
4. Investment income
| Unrestricted funds Bank interest receivable |
2023 £ 148 148 |
2022 £ 9 |
|---|---|---|
| 9 |
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Protein Dance
Notes to the Financial Statements Continued For the year ended 31 March 2023
5. Costs of charitable activities by fund type
| osts of charitable activities by fund type | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 2023 | 2022 | |
| funds | funds | |||
| £ | £ | £ | £ | |
| Direct cost | ||||
| Staff costs - wages & | 166,143 | 1,956 | 168,099 | 152,928 |
| salaries | ||||
| Staff costs - social security | 12,738 | - | 12,738 | 9,850 |
| costs | ||||
| Staff costs - pension | 3,506 | - | 3,506 | 4,436 |
| contributions | ||||
| Depreciation - owned assets | 344 | - | 344 | 344 |
| Project purchases | 16,371 | 507 | 16,878 | 31,340 |
| Project fees | 93,601 | 2,291 | 95,892 | 173,110 |
| Project rent | 11,886 | - | 11,886 | 5,896 |
| Project travel and freight | 23,559 | 676 | 24,235 | 33,079 |
| Project accommodation and | 7,585 | 4,648 | 12,233 | 10,109 |
| subsistence | ||||
| Project marketing | 12,573 | 2,451 | 15,024 | 33,850 |
| 348,306 | 12,529 | 360,835 | 454,942 | |
| Support costs | ||||
| Dance productions | ||||
| Management | ||||
| Depreciation - owned assets | 274 | - | 274 | 746 |
| Rent | 9,000 | - | 9,000 | 3,438 |
| Insurance | 3,022 | - | 3,022 | 2,424 |
| Repairs | 2,459 | - | 2,459 | 1,301 |
| Telephone | 66 | - | 66 | 84 |
| Office expenses | 589 | - | 589 | 2,451 |
| Subscriptions | 3,821 | - | 3,821 | 3,997 |
| Sundry | 1,823 | - | 1,823 | 2,972 |
| Travel | 227 | - | 227 | 210 |
| Bank charges | 281 | - | 281 | 185 |
| Book keeping | 3,851 | - | 3,851 | - |
| Governance costs | ||||
| Accountancy fees | 1,400 | - | 1,400 | 1,400 |
| 26,813 | - | 26,813 | 19,208 | |
| 375,119 | 12,529 | 387,648 | 474,150 |
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Protein Dance Notes to the Financial Statements Continued For the year ended 31 March 2023
6. Analysis of support costs
| Dance productions Management Governance costs |
2023 £ 25,413 1,400 26,813 |
2022 £ 17,808 1,400 |
|---|---|---|
| 19,208 |
7. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Depreciation of owned fixed assets | 618 | 1,090 |
| Accountancy fees | 1,400 | 1,400 |
| Staff pension contributions | 3,506 | 4,436 |
8. Staff costs and emoluments
Total staff costs for the year ended 31 March 2023 were:
| Salaries and wages Social security costs Pension costs Artistic and management |
2023 £ 168,099 12,738 3,506 184,343 2023 4 4 |
2022 £ 152,928 9,850 4,436 |
|---|---|---|
| 167,214 | ||
| 2022 4 |
||
| 4 |
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Protein Dance
Notes to the Financial Statements Continued For the year ended 31 March 2023
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/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward 10. Tangible fixed assets Cost or valuation At 01 April 2022 At 31 March 2023 Depreciation At 01 April 2022 Charge for year At 31 March 2023 Net book values At 31 March 2023 At 31 March 2022 11. Debtors Amounts due within one year: Trade debtors Prepayments and accrued income Other debtors |
Unrestricted funds £ 293,706 88,380 9 382,095 (447,259) (447,259) (65,164) 198,014 132,850 |
Restricted funds £ 29,194 - - 29,194 (26,891) (26,891) 2,303 8,816 11,119 2023 £ 41,760 4,175 67,047 112,982 |
2022 £ 322,900 88,380 9 |
|---|---|---|---|
| 411,289 | |||
| (474,150) | |||
| (474,150) | |||
| (62,861) 206,830 |
|||
| 143,969 | |||
| Plant and machinery £ 9,577 |
|||
| 9,577 | |||
| 8,959 618 |
|||
| 9,577 | |||
| - | |||
| 618 | |||
| 2022 £ 18,603 16,520 27,518 |
|||
| 62,641 |
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Protein Dance Notes to the Financial Statements Continued For the year ended 31 March 2023
12. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Other creditors Accruals and deferred income |
2023 £ 22,579 2,426 7,556 32,561 |
2022 £ 12,807 4,026 6,308 |
| 23,141 |
13. Movement in funds
Unrestricted Funds
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
|---|---|---|---|---|---|
| 01/04/2022 | resources | resources | 31/03/2023 | ||
| £ | £ | £ | £ | £ | |
| Designated | |||||
| Core cost reserve fund | 80,000 | - | - | - | 80,000 |
| Touring reserve | 32,790 | - | - | 6,740 | 39,530 |
| General | |||||
| General | 20,060 | 412,132 | (375,119) | (6,740) | 50,333 |
| 132,850 | 412,132 | (375,119) | - | 169,863 | |
| Unrestricted Funds - Previous year | |||||
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
| 01/04/2021 | resources | resources | 31/03/2022 | ||
| £ | £ | £ | £ | £ | |
| Designated | |||||
| Core cost reserve fund | 45,000 | - | - | 35,000 | 80,000 |
| Touring reserve | - | - | - | 32,790 | 32,790 |
| General | |||||
| General | 153,014 | 382,095 | (447,259) | (67,790) | 20,060 |
| 198,014 | 382,095 | (447,259) | - | 132,850 |
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Protein Dance Notes to the Financial Statements Continued For the year ended 31 March 2023
Purpose of unrestricted Funds
Touring reserve
The trustees have decided to designated the TTR income to finance the tour of The Little Prince in 2022-23.
Core cost reserve fund
This fund is to provide working capital and financial resilience to secure the company's sustainability.
General
The production of theatrical dance performances
Restricted Funds
| Restricted fund Restricted Funds - Previous year Restricted fund |
Balance at 01/04/2022 £ 11,119 11,119 Balance at 01/04/2021 £ 8,816 8,816 |
Incoming resources £ 1,410 1,410 Incoming resources £ 29,194 29,194 |
Outgoing resources £ (12,529) (12,529) Outgoing resources £ (26,891) (26,891) |
Balance at 31/03/2023 £ - |
|---|---|---|---|---|
| - | ||||
| Balance at 31/03/2022 £ 11,119 |
||||
| 11,119 |
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 2023
14. Analysis of net assets between funds
| Unrestricted funds General General Designated Core cost reserve fund Touring reserve Restricted funds Previous year Unrestricted funds General General Designated Core cost reserve fund Touring reserve Restricted funds Restricted fund |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ - 50,333 50,333 - 80,000 80,000 - 39,530 39,530 |
|---|---|
| - 169,863 169,863 |
|
| 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 |
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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