**REGISTERED COMPANY NUMBER: 04802927 (England and Wales) REGISTERED CHARITY NUMBER: 1105222** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **FOR** ## **DANCE ART FOUNDATION** ADJ Business Solutions Limited 10 Coldbath Square London EC1R 5HL **DANCE ART FOUNDATION** ## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|4| |**Independent Examiner's Report**||5|| |**Statement of Financial Activities**|6|to|8| |**Balance Sheet**|9|to|11| |**Notes to the Financial Statements**|12|to|20| |**Detailed Statement of Financial Activities**||21|| **DANCE ART FOUNDATION** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. 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 Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** Dance Art Foundation is an independent arts charity working at the intersections of dance, visual art, social engagement and artist advocacy. It incubates new ideas and developments in dance that it takes out into the world in fresh and imaginative ways, strongly focused on public engagement. Performances are daring, often transgressing artforms and in dialogue with other disciplines, extending the boundaries of dance, choreography and performance. Our advocacy work centres independent artists and collective action for systemic change. Our discourse projects foster generative dialogues and widen access to critical thinking in dance. In participation and social engagement, Dance Art Foundation is a recognised UK leader in dance-in-health. The charity is led by trustees Robyn Cabaret (producer), Martin Richard Coppell (curator) and Dr Martin Hargreaves (dramaturge and writer) with Artistic Director Joe Moran directing, curating and producing all of the charity's activities, working in collaboration with a dynamic network of independent artists and project staff. This year coincided with the Covid-19 pandemic which had inevitable impact on Dance Art Foundation's work seeing the suspension of its performance and participation programmes and a move to remote and online working. The charity received generous emergency support from Arts Council England, the Community Fund and through partnership funding, whilst BBC Children in Need agreed an extension of existing projects. ## **ACHIEVEMENT AND PERFORMANCE** ## **Participation** We developed new formats and ways of working as part of our nationally recognised Breathing Space dance-in-health programme and also through our partnership with The Magpie Project in Newham, East London. These projects were delivered by Dance Art Foundation Associate Artists Susannah Tate (North and North East) and Louise Klarnett (London and South East). Funding from Arts Council England supported research and development into working online with the vulnerable groups with whom we work. Intermittent in person delivery took place as Covid restrictions allowed, alongside online and remote work with our hospice partners. In some cases, online sessions have been transformative, particularly for vulnerable and isolated young people. One child came to value and look forward to sessions in such a way that: 'The sessions have been the highlight of the lockdown for us' (family member). The Magpie Project ensures that children living in temporary accommodation are given every opportunity to thrive socially, emotionally, and developmentally, and that Mums are supported to parent their children positively under very stressful circumstances. In this context, dance artist Louise Klarnett's work supports child development and improves children's developmental delays through creative dance, movement and touch, whilst nurturing emotional wellbeing and bonding and meaningful embodied interactions between Mums and children in a safe and playful environment. In place of in person sessions this year, Louise, Dance Art Foundation and The Magpie Project worked together to create a series of short films that acted as reminders of live, in person workshops that were shared weekly with Mums and minis from the project, augmented by Zoom sessions. Data, tablets and laptops were distributed as part of the project to address digital poverty. The films were subsequently collated on a dedicated website and a detailed project evaluation was undertaken by Dr Sara Reed. We were delighted to also receive funding from the Community Fund this year to support our participation programmes and to receive funding from the Postcode Community Trust for _Swimming Upstream_ , an inspiring film project lead by Associate Artist Susannah Tate working in Cumbria with her About Being Dance for Stroke Survivors' Group, in partnership with Cumbria Wildlife Trust and the University of Cumbria Institute of Arts dance students and Institute of Health occupational therapy students. _'This project came at just the right time. I, we would not have got through the 2nd lockdown mentally or physically without our weekly meets on the computer. Then coming back together in the summer and working towards a film has been brilliant. Something we could look forward to and we knew it would happen even with Covid because we are such a committed bunch!'_ - Participant, member of the About Being Dance for Stroke Survivors' Group Page 1 **DANCE ART FOUNDATION** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** ## **ACHIEVEMENT AND PERFORMANCE** ## **Advocacy, production and performance** We continued our impactful and highly regarded _Artist-Curator-Leader_ project that focuses on increasing artist leadership and artist representation in the dance sector. Having completed a series of public and invited roundtables, the project moved onto phase two: writing up research findings into a Guidance Publication. The Working Group gave particular attention to how the publication may have achieve a 'poly-vocal' structure, in order to reflect the diversity of voices and perspectives that made up the roundtables. This planning has led to a two-part structure for next year's publication that will summarise the research to date and commission a diverse range of new contributors to respond to findings and to look forward. We were very pleased to extend our advocacy work to 'walk the talk' of increasing artist leadership and artist representation. This saw the creation of a six-member, paid Artist Council working as a senior leadership team and who lead the distribution of artist bursaries during the pandemic. We were also very happy to invite a number of artists and community organisers to deliver a series of online talks and workshops on the theme of _'Organising for Change'_ that offered resources and skills for navigating the challenges faced by artists as a result of the pandemic, as well as challenges made apparent during the crisis. The public presentation of our performance commission from Whitechapel Gallery, _Materiality Will Be Rethought_ by Artist Director and choreographer Joe Moran, was cancelled due to Covid restrictions on Monday 16 March 2020, the evening of its dress rehearsal. The work was commissioned as a site-specific performance in dialogue with visual artist Carlos Bunga's exhibition _Something Necessary and Useful_ and developed as a three-part commission set to be presented in March, May and July 2020. With the support of Arts Council England, as well as private patrons and additional funds from Whitechapel Gallery, the work was reimagined as 30-minute film that was presented online on the gallery website and a dedicated project site for two weeks in December 2020 watched by over 2000 viewers. It is hoped a live version of the work may be presented to public audience in the future. ## **FINANCIAL REVIEW** ## **Financial position** Dance Art Foundation completed the year in a stable financial position. The charity has reduced its overheads over the past several years which included moving to remote working and letting go of its office space to sure up financial stability. Current core costs are insurance, accountancy and basic administration such as webhosting, which are incorporated into project grants and also funded by gift aid income from donations. The charity has maintained a mixed financial economy with a stronger emphasis on charitable grants and public funding and marked reduction in commissions and presentation fees as a result of the pandemic and consequent reduction in production activities. Income this financial year was received from charitable grants and public funding (73%), earned, projects and other income (15%), commissioning and presentation fees (9%) and private donations (3%). The annual turnover was £85,282. As usual for Dance Art Foundation, activities across the year included programmes that crossed over from last year that were completed in this financial year, as well as new projects and those that bridge into next year. Emergency support from Arts Council England this year made a significant difference for Dance Art Foundation. It enabled an ambitious programme of organizational development and successful adaptation of public facing activities for online delivery (Jun-Dec 2020). It also enabled Dance Art Foundation to use its organisational position to support freelancers during the pandemic: 97% of its grant (£32,300) was paid to 37 freelance artists and creative practitioners. Organisational development focused upon implementation of a paid Artist Council operating as a new senior leadership group, Covid-responsive modelling, development of a Communications Strategy, and Equity, Dignity and Anti-discrimination policy development. The grant was instrumental in enabling us to research and learn how to move activities online and helped us to repurpose existing funding agreements and to attract additional funding. ## **Commercial projects** Over the several years, Dance Art Foundation has developed working in commercial contexts to increase earned income in order to fund core expenditure and furthering its charitable objectives. Dance Art Foundation did not undertake any activities in this area over the past year. Page 2 **DANCE ART FOUNDATION** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** ## **FINANCIAL REVIEW** ## **Reserves policy** Dance Art Foundation is not in receipt of core funding. It receives restricted, project-based or unrestricted income from grants, commissions, workshops, performances and donations that is spent in accordance with its charitable objectives. The charity retains reserves required to complete committed projects. ## **Funds in deficit** At the year end, the accounts show small project budget deficits in two areas. These deficits however represent confirmed outstanding project income that will balance each budget (£325 - Whitechapel Gallery commission; (1,175 - Sadler's Wells performances). We additionally note that the unrestricted funds to hand exceed the total of these project deficits. The Trustees express their sincere thanks to Dance Art Foundation's artists, project staff and production teams, its funders, supporters and project partners, and the participants and audiences who have engaged with its work. We are particularly indebted to Arts Council England for its generous emergency support this year and to the flexibility and understanding of all our project funders during this most challenging year. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **Recruitment and appointment of new trustees** The Board of Trustees is ethically and financially responsible for the charity. The position of Trustee is voluntary, and one for which none of the Trustees or those closely related to them may receive financial remuneration. Trustees are recruited and appointed on the basis of necessary skills sets at board level and their under-representation. Candidates are sought through pertinent networks decided up on the Trustees. Appointments are made by proposal to the board which are considered and voted upon by all board members. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 04802927 (England and Wales) ## **Registered Charity number** 1105222 ## **Registered office** 8b Rushmore Road London E5 0ET ## **Trustees** Ms R Cabaret Mr M R Coppell Dr M Hargreaves ## **Company Secretary** Mr J D Moran ## **Independent Examiner** ADJ Business Solutions Limited 10 Coldbath Square London EC1R 5HL Page 3 **DANCE ART FOUNDATION** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2021** Approved by order of the board of trustees on 20 December 2021and signed on its behalf by: ........................................................................ Dr M Hargreaves - Trustee Page 4 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DANCE ART FOUNDATION** ## **Independent examiner's report to the trustees of Dance Art Foundation ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you 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 as 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 examiner's statement** 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: 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 accounting 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 Josephs ADJ Business Solutions Limited 10 Coldbath Square London EC1R 5HL Date: 20 December 2021 Page 5 ## **DANCE ART FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021** |Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**-**
Other trading activities
2
**-**
**Total**
**-**
**EXPENDITURE ON**
**Charitable activities**
Dance Art Foundation
**-**
**NET INCOME**
**-**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**-**
**TOTAL FUNDS CARRIED FORWARD**
**-**|Core
Budget.
Dance Art
Participatio
£
£
£
**1**
**-**
**-**
**-**
**-**
**450**
**1**
**-**
**450**
**(1,552)**
**-**
**-**
**1,553**
**-**
**450**
**184**
**-**
**(450)**
**1,737**
**-**
**-**| |---|---| The notes form part of these financial statements Page 6 **DANCE ART FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021** |Production.
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**2,032**
Other trading activities
2
**-**
**Total**
**2,032**
**EXPENDITURE ON**
**Charitable activities**
Dance Art Foundation
**279**
**NET INCOME/(EXPENDITURE)**
**1,753**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**279**
**TOTAL FUNDS CARRIED FORWARD**
**2,032 **|Breathing
Artist
Space:
Core
Projects
dance-in-health
Budget
£
£
£
**1,875**
**9,750**
**34,600**
**-**
**-**
**-**
**1,875**
**9,750**
**34,600**
**1,800**
**11,950**
**16,528**
**75**
**(2,200)**
**18,072**
**2,100**
**8,570**
**-**
**2,175**
**6,370**
**18,072 **| |---|---| The notes form part of these financial statements Page 7 **DANCE ART FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021** |||||**31.3.21**|31.3.20| |---|---|---|---|---|---| |||||**Total**|Total| |||Participation|Production|**funds**|funds| ||Notes|£|£|**£**|£| |**INCOME AND ENDOWMENTS FROM**|||||| |Donations and legacies||**19,844**|**3,680**|**71,782**|37,781| |Other trading activities|2|**13,045**|**5**|**13,500**|4,039| |**Total**||**32,889**|**3,685**|**85,282**|41,820| |**EXPENDITURE ON**|||||| |**Charitable activities**|||||| |Dance Art Foundation||**12,113**|**4,712**|**45,830**|44,831| |**NET INCOME/(EXPENDITURE)**||**20,776**|**(1,027)**|**39,452**|(3,011)| |**RECONCILIATION OF FUNDS**|||||| |**Total funds brought forward**||**-**|**(473)**|**10,210**|13,221| |**TOTAL FUNDS CARRIED FORWARD**||**20,776**|**(1,500)**|**49,662 **|10,210| The notes form part of these financial statements Page 8 ## **DANCE ART FOUNDATION** ## **BALANCE SHEET 31 March 2021** |Unrestricted
funds
Notes
£
**CURRENT ASSETS**
Debtors
5
**-**
Cash at bank
**-**
**-**
**CREDITORS**
Amounts falling due within one year
6
**-**
**NET CURRENT ASSETS/(LIABILITIES)**
**-**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**-**
**NET ASSETS**
**-**|Core
Budget.
Dance Art
Participatio
£
£
£
**-**
**-**
**-**
**1,737**
**-**
**-**
**1,737**
**-**
**-**
**-**
**-**
**-**
**1,737**
**-**
**-**
**1,737**
**-**
**-**
**1,737**
**-**
**-**| |---|---| The notes form part of these financial statements continued... Page 9 **DANCE ART FOUNDATION** ## **BALANCE SHEET - continued 31 March 2021** |Production.
Notes
£
**CURRENT ASSETS**
Debtors
5
**-**
Cash at bank
**2,032 **
**2,032**
**CREDITORS**
Amounts falling due within one year
6
**-**
**NET CURRENT ASSETS/(LIABILITIES)**
**2,032 **
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**2,032**
**NET ASSETS**
**2,032 **|Breathing
Artist
Space:
Core
Projects
dance-in-health
Budget
£
£
£
**-**
**-**
**-**
**2,175**
**6,370**
**18,072 **
**2,175**
**6,370**
**18,072**
**-**
**-**
**-**
**2,175**
**6,370**
**18,072 **
**2,175**
**6,370**
**18,072**
**2,175**
**6,370**
**18,072 **| |---|---| The notes form part of these financial statements continued... Page 10 **DANCE ART FOUNDATION** ## **BALANCE SHEET - continued** ## **31 March 2021** |||||||**31.3.21**|31.3.20| |---|---|---|---|---|---|---|---| |||||||**Total**|Total| |||Participation||Production||**funds**|funds| ||Notes|£||£||**£**|£| |**CURRENT ASSETS**|||||||| |Debtors|5||**-**||**-**|**-**|5,035| |Cash at bank||**20,776**|||**-**|**51,162 **|10,854| |||**20,776**|||**-**|**51,162**|15,889| |**CREDITORS**|||||||| |Amounts falling due within one year|6||**-**|**(1,500)**||**(1,500)**|(5,679)| |**NET CURRENT ASSETS/(LIABILITIES)**|**NET CURRENT ASSETS/(LIABILITIES)**|**20,776**||**(1,500)**||**49,662 **|10,210| |**TOTAL ASSETS LESS CURRENT**|||||||| |**LIABILITIES**||**20,776**||**(1,500)**||**49,662**|10,210| |**NET ASSETS**||**20,776**||**(1,500)**||**49,662 **|10,210| |**FUNDS**|8||||||| |Unrestricted funds||||||**3,769**|13| |Restricted funds||||||**45,893**|10,197| |**TOTAL FUNDS**||||||**49,662 **|10,210| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006. - The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 2021 and were signed on its behalf by: Dr M Hargreaves - Trustee The notes form part of these financial statements Page 11 **DANCE ART FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. OTHER TRADING ACTIVITIES** |**OTHER TRADING ACTIVITIES**||| |---|---|---| ||**31.3.21**|31.3.20| ||**£**|£| |Earned & project income|**13,500**|4,039| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. continued... Page 12 **DANCE ART FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** |**4.**|**COMPARATIVES FOR THE STATEMENT**|**OF FINANCIAL ACTIVITIES**|**OF FINANCIAL ACTIVITIES**||| |---|---|---|---|---|---| ||||Unrestricted|Core|Dance| ||||funds|Budget.|Art| ||||£|£|£| ||**INCOME AND ENDOWMENTS FROM**||||| ||Donations and legacies||-|(1)|-| ||Other trading activities||-|143|3,000| ||**Total**||-|142|3,000| ||**EXPENDITURE ON**||||| ||**Charitable activities**||||| ||Dance Art Foundation||63|(805)|3,000| ||**NET INCOME/(EXPENDITURE)**||(63)|947|-| ||**RECONCILIATION OF FUNDS**||||| ||**Total funds brought forward**||63|(762)|-| ||**TOTAL FUNDS CARRIED FORWARD**||-|185|-| ||||||Breathing| |||||Artist|Space:| |||Participation.|Production.|Projects|dance-in-heal| |||£|£|£|£| ||**INCOME AND ENDOWMENTS FROM**||||| ||Donations and legacies|-|7,810|3,225|9,850| ||Other trading activities|-|42|300|-| ||**Total**|-|7,852|3,525|9,850| ||**EXPENDITURE ON**||||| ||**Charitable activities**||||| ||Dance Art Foundation|450|7,573|1,425|8,900| ||**NET INCOME/(EXPENDITURE)**|(450)|279|2,100|950| ||**RECONCILIATION OF FUNDS**||||| ||**Total funds brought forward**|-|-|-|7,620| ||**TOTAL FUNDS CARRIED FORWARD**|(450)|279|2,100|8,570| continued... Page 13 **DANCE ART FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued** ## **for the Year Ended 31 March 2021** |**4.**|**COMPARATIVES FOR THE STATEMENT OF**|**FINANCIAL ACTIVITIES - continued**|**FINANCIAL ACTIVITIES - continued**|**FINANCIAL ACTIVITIES - continued**|**FINANCIAL ACTIVITIES - continued**|**FINANCIAL ACTIVITIES - continued**|| |---|---|---|---|---|---|---|---| |||Core|||||Total| |||Budget||Participation||Production|funds| |||£||£||£|£| ||**INCOME AND ENDOWMENTS FROM**||||||| ||Donations and legacies||-|1,800||15,097|37,781| ||Other trading activities||-||-|554|4,039| ||**Total**||-|1,800||15,651|41,820| ||**EXPENDITURE ON**||||||| ||**Charitable activities**||||||| ||Dance Art Foundation||-|1,800||22,425|44,831| ||**NET INCOME/(EXPENDITURE)**||-||-|(6,774)|(3,011)| ||**RECONCILIATION OF FUNDS**||||||| ||**Total funds brought forward**||-||-|6,300|13,221| ||**TOTAL FUNDS CARRIED FORWARD**||-||-|(474)|10,210| |**5.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE**||**YEAR**||||| |||||||**31.3.21**|31.3.20| |||||||**£**|£| ||Prepayments and accrued income|||||**-**|5,035| |**6.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||| |||||||**31.3.21**|31.3.20| |||||||**£**|£| ||Bank loans and overdrafts (see note 7)|||||**1,500**|5,679| |**7.**|**LOANS**||||||| ||An analysis of the maturity of loans is given below:||||||| |||||||**31.3.21**|31.3.20| |||||||**£**|£| ||Amounts falling due within one year on demand:||||||| ||Bank overdrafts|||||**1,500**|5,679| continued... Page 14 **DANCE ART FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **8. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|||| |---|---|---|---| |||Net|| |||movement|At| ||At 1.4.20|in funds|31.3.21| ||£|£|£| |**Unrestricted funds**|||| |Management & Administration|**184**|**1,553**|**1,737**| |Commissions & Performances|**300**|**(300)**|**-**| |HE Lectures & Workshops|**(450)**|**450**|**-**| |Thirst|**(21)**|**21**|**-**| |Producer|**-**|**2,032 **|**2,032 **| ||**13**|**3,756**|**3,769**| |**Restricted funds**|||| |BBC CIN: National Programme|**950**|**(950)**|**-**| |The Lowry|**(87)**|**87**|**-**| |Artist-Curator-Leader|**2,100**|**75**|**2,175**| |BBC Children in Need: Year 2|**7,620**|**(1,250)**|**6,370**| |Sadler's Wells: Arrangement|**(1,175)**|**-**|**(1,175)**| |Whitechapel|**789**|**(1,114)**|**(325)**| |ACE Emergency Respond Funds|**-**|**18,072**|**18,072**| |Postcode Foundation|**-**|**17,344**|**17,344**| |Magpie Dance Project|**-**|**3,432 **|**3,432 **| ||**10,197**|**35,696**|**45,893**| |**TOTAL FUNDS**|**10,210**|**39,452 **|**49,662 **| continued... Page 15 **DANCE ART FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **8. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |Management & Administration|**1**|**1,552**|**1,553**| |Commissions & Performances|**-**|**(300)**|**(300)**| |HE Lectures & Workshops|**450**|**-**|**450**| |Thirst|**-**|**21**|**21**| |Producer|**2,032 **|**-**|**2,032 **| ||**2,483**|**1,273**|**3,756**| |**Restricted funds**|||| |BBC CIN: National Programme|**-**|**(950)**|**(950)**| |The Lowry|**-**|**87**|**87**| |Artist-Curator-Leader|**1,875**|**(1,800)**|**75**| |BBC Children in Need: Year 2|**-**|**(1,250)**|**(1,250)**| |Whitechapel|**3,685**|**(4,799)**|**(1,114)**| |ACE Emergency Respond Funds|**34,600**|**(16,528)**|**18,072**| |Community Fund|||| ||**9,750**|**(9,750)**|**-**| |Postcode Foundation|**19,844**|**(2,500)**|**17,344**| |Magpie Dance Project|**13,045**|**(9,613)**|**3,432 **| ||**82,799**|**(47,103) **|**35,696**| |**TOTAL FUNDS**|**85,282 **|**(45,830)**|**39,452 **| continued... Page 16 **DANCE ART FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **8. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |||Net|| |---|---|---|---| |||movement|At| ||At 1.4.19|in funds|31.3.20| ||£|£|£| |**Unrestricted funds**|||| |Management & Administration|(762)|946|184| |Commissions & Performances|-|300|300| |HE Lectures & Workshops|-|(450)|(450)| |Sampled at Sadler's Wells|63|(63)|-| |Thirst|-|(21)|(21)| ||(699)|712|13| |**Restricted funds**|||| |BBC CIN: National Programme|7,620|(6,670)|950| |The Lowry|5,789|(5,876)|(87)| |Wysing Arts Centre|511|(511)|-| |Artist-Curator-Leader|-|2,100|2,100| |BBC Children in Need: Year 2|-|7,620|7,620| |Sadler's Wells: Arrangement|-|(1,175)|(1,175)| |Whitechapel|-|789|789| ||13,920|(3,723)|10,197| |**TOTAL FUNDS**|13,221|(3,011)|10,210| continued... Page 17 **DANCE ART FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **8. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |Management & Administration|142|804|946| |Commissions & Performances|5,216|(4,916)|300| |Royal College of Art: Joe Moran|2,800|(2,800)|-| |HE Lectures & Workshops|-|(450)|(450)| |Adidas Project|200|(200)|-| |Sampled at Sadler's Wells|-|(63)|(63)| |Norwich: NNF|760|(760)|-| |Thirst|1,876|(1,897)|(21)| ||10,994|(10,282)|712| |**Restricted funds**|||| |BBC CIN: National Programme|-|(6,670)|(6,670)| |The Lowry|115|(5,991)|(5,876)| |Wysing Arts Centre|-|(511)|(511)| |Artist Gathering D4|300|(300)|-| |Artist-Curator-Leader|3,225|(1,125)|2,100| |BBC Children in Need: Year 2|9,850|(2,230)|7,620| |Magpie Awards for All|1,800|(1,800)|-| |Sadler's Wells: Arrangement|11,499|(12,674)|(1,175)| |Whitechapel|4,037|(3,248)|789| ||30,826|(34,549)|(3,723)| |**TOTAL FUNDS**|41,820|(44,831)|(3,011)| continued... Page 18 **DANCE ART FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **8. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| |||movement|At| ||At 1.4.19|in funds|31.3.21| ||£|£|£| |**Unrestricted funds**|||| |Management & Administration|(762)|2,499|1,737| |Sampled at Sadler's Wells|63|(63)|-| |Producer|-|2,032|2,032| ||(699)|4,468|3,769| |**Restricted funds**|||| |BBC CIN: National Programme|7,620|(7,620)|-| |The Lowry|5,789|(5,789)|-| |Wysing Arts Centre|511|(511)|-| |Artist-Curator-Leader|-|2,175|2,175| |BBC Children in Need: Year 2|-|6,370|6,370| |Sadler's Wells: Arrangement|-|(1,175)|(1,175)| |Whitechapel|-|(325)|(325)| |ACE Emergency Respond Funds|-|18,072|18,072| |Postcode Foundation|-|17,344|17,344| |Magpie Dance Project|-|3,432|3,432| ||13,920|31,973|45,893| |**TOTAL FUNDS**|13,221|36,441|49,662| continued... Page 19 **DANCE ART FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021** ## **8. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |Management & Administration|143|2,356|2,499| |Commissions & Performances|5,216|(5,216)|-| |Royal College of Art: Joe Moran|2,800|(2,800)|-| |HE Lectures & Workshops|450|(450)|-| |Adidas Project|200|(200)|-| |Sampled at Sadler's Wells|-|(63)|(63)| |Norwich: NNF|760|(760)|-| |Thirst|1,876|(1,876)|-| |Producer|2,032|-|2,032| ||13,477|(9,009)|4,468| |**Restricted funds**|||| |BBC CIN: National Programme|-|(7,620)|(7,620)| |The Lowry|115|(5,904)|(5,789)| |Wysing Arts Centre|-|(511)|(511)| |Artist Gathering D4|300|(300)|-| |Artist-Curator-Leader|5,100|(2,925)|2,175| |BBC Children in Need: Year 2|9,850|(3,480)|6,370| |Magpie Awards for All|1,800|(1,800)|-| |Sadler's Wells: Arrangement|11,499|(12,674)|(1,175)| |Whitechapel|7,722|(8,047)|(325)| |ACE Emergency Respond Funds|34,600|(16,528)|18,072| |Community Fund|||| ||9,750|(9,750)|-| |Postcode Foundation|19,844|(2,500)|17,344| |Magpie Dance Project|13,045|(9,613)|3,432| ||113,625|(81,652)|31,973| |**TOTAL FUNDS**|127,102|(90,661)|36,441| ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2021. Page 20 **DANCE ART FOUNDATION** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021** ||31.3.21|31.3.20| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Individual giving|**2,534**|4,496| |Grants & public funding|**66,069**|11,650| |Commission & presentation fees|**3,179**|21,635| ||**71,782**|37,781| |**Other trading activities**||| |Earned & project income|**13,500**|4,039| |**Total incoming resources**|**85,282**|41,820| |**EXPENDITURE**||| |**Charitable activities**||| |Travel & subsistence|**36**|2,082| |Press & Marketing|**112**|-| |Administrative costs|**417**|2,367| |Practice Support/Supervision|**-**|2,210| |Production costs|**11,452**|25,858| |Project & workshop costs|**33,813**|10,895| |Studio/Project Space|**-**|1,419| ||**45,830**|44,831| |Total resources expended|**45,830**|44,831| |**Net income/(expenditure)**|**39,452 **|(3,011)| This page does not form part of the statutory financial statements Page 21