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 2024
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 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | to | 7 |
| Balance Sheet | 8 | to | 10 |
| Notes to the Financial Statements | 11 | to | 17 |
| Detailed Statement of Financial Activities | 18 |
DANCE ART FOUNDATION
REPORT OF THE TRUSTEES for the Year Ended 31 March 2024
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 2024. 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 and engaged the public in fresh and imaginative ways. Performances are daring, often in dialogue with other disciplines and extending the boundaries of dance, choreography and performance. Our advocacy work centres independent artists and collective action for systemic change with dance and beyond, and 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 and inclusive dance. 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, in collaboration with a dynamic network of independent artists and project staff.
Dance Art Foundation dedicated time this year to review its organisational resources, with particular focus on the producing and project management of productions and projects, following a very busy year of international touring and UK projects in 2022-23. The charity worked with independent arts producer Laura Sweeney of Uncultured (who previously worked with Dance Art Foundation as a freelance producer) in a consultancy capacity to review the charities producing needs and to support the development of a revised producing framework and recruitment strategy, in tandem with the work of the board of trustees. This has been enormously impactful in identifying, devising and implementing an action plan towards a new, more sustainable producing structure.
Dance Art Foundation's charitable activities this year focused on two key projects: the first live performances of Artistic Director Joe Moran's work Materiality Will Be Rethought at Musée Transitoire in Paris (Nov 2023), accompanied by a simultaneous presentation of the film version of the work (Oct 2023-Mar 2024), and the beginning of a yearlong, inclusive dance residency at Hexham Priory Special School in Northumberland, led by Associate Artist Susie Tate and funded by the Postcode Neighbourhood Trust.
ACHIEVEMENT AND PERFORMANCE
Participation
This year, we successful began Breathing Space Dances, a yearlong inclusive dance residency working with disabled children and their families at Hexham Priory Special School led by local dance artist and inclusive dance leader, Associate Artist Susie Tate and funded by the Postcode Neighbourhood Trust. The project is part of our celebrated Breathing Space participatory dance programme delivered across the UK. Enabling participation in the arts in a rural area with limited provision, the project offers our specialist, well-evidenced, inclusive dance approach across all groups at the school to foster children's creative learning and to support physical and emotional health and wellbeing. Staff training sessions offer the opportunity for teaching and support staff to learn new skills and diversify their work; enhancing their work and relationships with children and expanding the reach of the project. The project will culminate in the creation of our third film collaboration with filmmaker Alice Underwood. The short dance film, co-created by Susie, Alice and the students at the school, that will feature and celebrate children's ideas, stories and achievements from across the yearlong project.
Page 1
DANCE ART FOUNDATION
REPORT OF THE TRUSTEES for the Year Ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE
Advocacy, production and performance
This year, we developed the first live performances of Artistic Director Joe Moran's work Materiality Will Be Rethought. The work was originally commissioned Whitechapel Gallery in London as a live performance in dialogue with Carlos Bunga's exhibition Something Necessary and Useful but was never shown publicly and rather was re-imagined as a 30-min film due to the cancellation of the performance during Covid. The resulting film was screened widely at a number of international festivals in Paris, Berlin, Mexico City and London, and was awarded the Best Choreography Prize at Mexico City International Video Dance Festival 2022. This first live iteration was performed this year in November 2024 by three dancers in a disused car park in Paris as part of the Musée Transitoire 2023-24 public exhibition and performance programme. The production was very well received by audiences and has inspired the development of work and a commitment to further live performances next year. The production was also an opportunity to successfully realise our strategic aim to increase international touring and co-production and was a first step in increasing our investment in producing support for our production work to enable more sustainable practice.
FINANCIAL REVIEW
Financial position
Dance Art Foundation is in a stable financial position. It has maintained reserves and is committed to growing these further. The charity is project funded with core costs, such as insurance, accountancy fees and administration (webhosting, filing costs, subscriptions), incorporated into project grants or funded by unrestricted project income, donations or income from HMRC's Gift Aid scheme. During this financial year, the charity completed a Gift Aid claim (following its re-registration last year), which represented the final income for recent production and closed outstanding project budgets carried over from the last financial year.
Income this year comprised production fees, charitable grants and production income (including costume refunds and insurance claims resulting from travel disruption). The breakdown of income this year is: public funding and donations (78%), commissions and presentation fees (15%), and earned and other project income (8%), which included funding from the Postcode Neighbourhood Trust and FABRIC, and performance fees from Musée Transitoire. As the charity continues its recovery from the impacts of Covid and streamlined its activities whilst focusing on longer term organisational sustainability, its annual turnover rose to a modest £30,600.
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 and is now building up a financial reserve to cover future overheads and ensure its viability should income levels over certain periods fall.
Funds in deficit and project surpluses
The accounts at year end show all project budgets in surplus, or drawn to close. Most years, Dance Art Foundation's projects and programmes will cross financial years and therefore budget surpluses are retained in order to continue or complete projects in the following year.
Two small project budget deficits from the last financial year were cleared by an outstanding gift aid claim completed in this financial year.
The Trustees express their sincere thanks to Dance Art Foundation's artists, project staff and production teams, funders, supporters and partners, and the participants and audiences who have engaged with its work.
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.
Page 2
DANCE ART FOUNDATION
REPORT OF THE TRUSTEES for the Year Ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
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
Approved by order of the board of trustees on 18 December 2024 and signed on its behalf by:
.......................................................................... Dr M Hargreaves - Trustee
Page 3
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 2024.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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: 18 December 2024
Page 4
DANCE ART FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2024
| Unrestricted funds .Production Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies - 5,055 Other trading activities 2 - 730 Total - 5,785 EXPENDITURE ON Charitable activities Dance Art Foundation - 5,085 NET INCOME/(EXPENDITURE) - 700 RECONCILIATION OF FUNDS Total funds brought forward - - TOTAL FUNDS CARRIED FORWARD - 700 |
Core Budget. £ 754 1,168 1,922 1,955 (33) 3,276 3,243 |
Dance Art £ - - |
|---|---|---|
| - | ||
| - | ||
| - - |
||
| - |
The notes form part of these financial statements
Page 5
DANCE ART FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2024
| Participation. Production. Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies - 214 Other trading activities 2 - - Total - 214 EXPENDITURE ON Charitable activities Dance Art Foundation - 2,174 NET INCOME/(EXPENDITURE) - (1,960) RECONCILIATION OF FUNDS Total funds brought forward - 2,938 TOTAL FUNDS CARRIED FORWARD - 978 |
Breathing Artist Space: Projects dance-in-he £ £ - 20,900 - - - 20,900 800 7,689 (800) 13,211 2,900 - 2,100 13,211 |
|---|---|
The notes form part of these financial statements
Page 6
DANCE ART FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Total EXPENDITURE ON Charitable activities Dance Art Foundation NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.3.24 31.3.23 Core Total Total Budget Participation Production funds funds £ £ £ £ £ - - 1,300 28,223 28,030 - - 520 2,418 528 - - 1,820 30,641 28,558 - - 340 18,043 38,273 - - 1,480 12,598 (9,715) - - (1,480) 7,634 17,349 - - - 20,232 7,634 |
|---|---|
The notes form part of these financial statements
Page 7
DANCE ART FOUNDATION
BALANCE SHEET 31 March 2024
| Unrestricted funds .Production Notes £ £ CURRENT ASSETS Cash at bank - 700 CREDITORS Amounts falling due within one year 5 - - NET CURRENT ASSETS - 700 TOTAL ASSETS LESS CURRENT LIABILITIES - 700 NET ASSETS - 700 |
Core Budget. £ 3,243 - 3,243 3,243 3,243 |
Dance Art £ - - |
|---|---|---|
| - | ||
| - | ||
| - |
The notes form part of these financial statements
continued...
Page 8
DANCE ART FOUNDATION
BALANCE SHEET - continued 31 March 2024
| Participation. Production. Notes £ £ CURRENT ASSETS Cash at bank - 978 CREDITORS Amounts falling due within one year 5 - - NET CURRENT ASSETS - 978 TOTAL ASSETS LESS CURRENT LIABILITIES - 978 NET ASSETS - 978 |
Breathing Artist Space: Projects dance-in-he £ £ 2,100 13,211 - - 2,100 13,211 2,100 13,211 2,100 13,211 |
|---|---|
The notes form part of these financial statements
continued...
Page 9
DANCE ART FOUNDATION
BALANCE SHEET - continued
31 March 2024
| 31.3.24 | 31.3.23 | |||||
|---|---|---|---|---|---|---|
| Core | Total | Total | ||||
| Budget | Participation | Production | funds | funds | ||
| Notes | £ | £ | £ | £ | £ | |
| CURRENT ASSETS | ||||||
| Cash at bank | - | - | - | 20,232 | 9,114 | |
| CREDITORS | ||||||
| Amounts falling due within one | ||||||
| year | 5 | - | - | - | - | (1,480) |
| NET CURRENT ASSETS | - | - | - | **20,232 ** | 7,634 | |
| TOTAL ASSETS LESS | ||||||
| CURRENT LIABILITIES | - | - | - | 20,232 | 7,634 | |
| NET ASSETS | - | - | - | **20,232 ** | 7,634 | |
| FUNDS | 7 | |||||
| Unrestricted funds | 4,921 | 6,214 | ||||
| Restricted funds | 15,311 | 1,420 | ||||
| TOTAL FUNDS | **20,232 ** | 7,634 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 18 December 2024 and were signed on its behalf by:
............................................. Dr M Hargreaves - Trustee
The notes form part of these financial statements
Page 10
DANCE ART FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024
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 | ||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| Earned & project income | 2,418 | 528 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
continued...
Page 11
DANCE ART FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024
| 4. | COMPARATIVES FOR THE STATEMENT | OF FINANCIAL | ACTIVITIES | ACTIVITIES | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Core | Dance | ||||||
| funds | .Production | Budget. | Art | |||||
| £ | £ | £ | £ | |||||
| INCOME AND ENDOWMENTS FROM | ||||||||
| Donations and legacies | - | - | 218 | - | ||||
| Other trading activities | - | - | - | - | ||||
| Total | - | - | 218 | - | ||||
| EXPENDITURE ON | ||||||||
| Charitable activities | ||||||||
| Dance Art Foundation | - | - | 3,689 | - | ||||
| NET INCOME/(EXPENDITURE) | - | - | (3,471) | - | ||||
| RECONCILIATION OF FUNDS | ||||||||
| Total funds brought forward | - | - | 6,747 | - | ||||
| TOTAL FUNDS CARRIED FORWARD | - | - | 3,276 | - | ||||
| Breathing | ||||||||
| Artist | Space: | |||||||
| Participation. | Production. | Projects | dance-in-heal | |||||
| £ | £ | £ | £ | |||||
| INCOME AND ENDOWMENTS FROM | ||||||||
| Donations and legacies | - | 71 | - | - | ||||
| Other trading activities | - | 450 | - | - | ||||
| Total | - | 521 | - | - | ||||
| EXPENDITURE ON | ||||||||
| Charitable activities | ||||||||
| Dance Art Foundation | - | 4,080 | - | - | ||||
| NET INCOME/(EXPENDITURE) | - | (3,559) | - | - | ||||
| RECONCILIATION OF FUNDS | ||||||||
| Total funds brought forward | - | 6,497 | 2,900 | - | ||||
| TOTAL FUNDS CARRIED FORWARD | - | 2,938 | 2,900 | - |
continued...
Page 12
DANCE ART FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024
| 4. | COMPARATIVES FOR THE STATEMENT OF | FINANCIAL | FINANCIAL | ACTIVITIES - continued | ACTIVITIES - continued | |
|---|---|---|---|---|---|---|
| Core | Total | |||||
| Budget | Participation | Production |
funds | |||
| £ | £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | - | - | 27,741 | 28,030 | ||
| Other trading activities | - | - | 78 | 528 | ||
| Total | - | - | 27,819 | 28,558 | ||
| EXPENDITURE ON | ||||||
| Charitable activities | ||||||
| Dance Art Foundation | 2,505 | - | 27,999 | 38,273 | ||
| NET INCOME/(EXPENDITURE) | (2,505) | - | (180) | (9,715) | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 2,505 | - | (1,300) | 17,349 | ||
| TOTAL FUNDS CARRIED FORWARD | - | - | (1,480) | 7,634 | ||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.3.24 | 31.3.23 | |||||
| £ | £ | |||||
| Bank loans and overdrafts (see note 6) | - | 1,480 | ||||
| 6. | LOANS | |||||
| An analysis of the maturity of loans is given below: | ||||||
| 31.3.24 | 31.3.23 | |||||
| £ | £ | |||||
| Amounts falling due within one year on demand: | ||||||
| Bank overdrafts | - | 1,480 |
continued...
Page 13
DANCE ART FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024
7. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.4.23 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Management & Administration | 3,276 | (33) | 3,243 |
| Producer | 2,032 | (1,168) | 864 |
| Production | 906 | (792) | 114 |
| Materiality Will Be Rethought | - | 700 | 700 |
| 6,214 | (1,293) | 4,921 | |
| Restricted funds | |||
| Artist-Curator-Leader | 2,900 | (800) | 2,100 |
| Sadler's Wells: Arrangement | (1,175) | 1,175 | - |
| Whitechapel | (125) | 125 | - |
| Arrangement Int | (180) | 180 | - |
| Community Foundation | |||
| - | 13,211 | 13,211 | |
| 1,420 | **13,891 ** | 15,311 | |
| TOTAL FUNDS | **7,634 ** | 12,598 | **20,232 ** |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Management & Administration | 1,922 | (1,955) | (33) |
| Producer | - | (1,168) | (1,168) |
| Production | 214 | (1,006) | (792) |
| Materiality Will Be Rethought | 5,785 | (5,085) | 700 |
| 7,921 | (9,214) | (1,293) | |
| Restricted funds | |||
| Artist-Curator-Leader | - | (800) | (800) |
| Sadler's Wells: Arrangement | 1,175 | - | 1,175 |
| Whitechapel | 125 | - | 125 |
| Arrangement Int | 520 | (340) | 180 |
| Community Foundation | |||
| 20,900 | (7,689) | 13,211 | |
| 22,720 | (8,829) | **13,891 ** | |
| TOTAL FUNDS | 30,641 | (18,043) | 12,598 |
continued...
Page 14
DANCE ART FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.22 | in funds | 31.3.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Management & Administration | 6,747 | (3,471) | 3,276 |
| Producer | 2,032 | - | 2,032 |
| Production | 4,465 | (3,559) | 906 |
| 13,244 | (7,030) | 6,214 | |
| Restricted funds | |||
| Artist-Curator-Leader | 2,900 | - | 2,900 |
| Sadler's Wells: Arrangement | (1,175) | - | (1,175) |
| Whitechapel | (125) | - | (125) |
| ACE Emergency Respond Funds | 2,505 | (2,505) | - |
| Arrangement Int | - | (180) | (180) |
| 4,105 | (2,685) | 1,420 | |
| TOTAL FUNDS | 17,349 | (9,715) | 7,634 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Management & Administration | 218 | (3,689) | (3,471) |
| Production | 521 | (4,080) | (3,559) |
| 739 | (7,769) | (7,030) | |
| Restricted funds | |||
| ACE Emergency Respond Funds | - | (2,505) | (2,505) |
| Arrangement Int | 26,319 | (26,499) | (180) |
| Fest en Fest | |||
| 1,500 | (1,500) | - | |
| 27,819 | (30,504) | (2,685) | |
| TOTAL FUNDS | 28,558 | (38,273) | (9,715) |
Page 15
continued...
DANCE ART FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.22 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Management & Administration | 6,747 | (3,504) | 3,243 |
| Producer | 2,032 | (1,168) | 864 |
| Production | 4,465 | (4,351) | 114 |
| Materiality Will Be Rethought | - | 700 | 700 |
| 13,244 | (8,323) | 4,921 | |
| Restricted funds | |||
| Artist-Curator-Leader | 2,900 | (800) | 2,100 |
| Sadler's Wells: Arrangement | (1,175) | 1,175 | - |
| Whitechapel | (125) | 125 | - |
| ACE Emergency Respond Funds | 2,505 | (2,505) | - |
| Community Foundation | |||
| - | 13,211 | 13,211 | |
| 4,105 | 11,206 | 15,311 | |
| TOTAL FUNDS | 17,349 | 2,883 | 20,232 |
Page 16
continued...
DANCE ART FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024
7. 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 | 2,140 | (5,644) | (3,504) |
| Producer | - | (1,168) | (1,168) |
| Production | 735 | (5,086) | (4,351) |
| Materiality Will Be Rethought | 5,785 | (5,085) | 700 |
| 8,660 | (16,983) | (8,323) | |
| Restricted funds | |||
| Artist-Curator-Leader | - | (800) | (800) |
| Sadler's Wells: Arrangement | 1,175 | - | 1,175 |
| Whitechapel | 125 | - | 125 |
| ACE Emergency Respond Funds | - | (2,505) | (2,505) |
| Arrangement Int | 26,839 | (26,839) | - |
| Fest en Fest | |||
| 1,500 | (1,500) | - | |
| Community Foundation | |||
| 20,900 | (7,689) | 13,211 | |
| 50,539 | (39,333) | 11,206 | |
| TOTAL FUNDS | 59,199 | (56,316) | 2,883 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 17
DANCE ART FOUNDATION
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|
| for the Year Ended 31 March 2024 | ||
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Grants & public funding | 23,744 | 1,134 |
| Commission & presentation fees | 4,439 | 24,979 |
| Individual giving | - | 1,912 |
| Other income | 40 | 5 |
| 28,223 | 28,030 | |
| Other trading activities | ||
| Earned & project income | 2,418 | 528 |
| Total incoming resources | 30,641 | 28,558 |
| EXPENDITURE | ||
| Charitable activities | ||
| Travel & subsistence | 697 | 6,246 |
| Office rent & equipment | 156 | 134 |
| Venue hire | 337 | 216 |
| Insurance & professional fees | 1,583 | 2,876 |
| Subscriptions | 158 | 77 |
| Artistic director | 800 | 1,030 |
| Press & marketing | - | 2,026 |
| Administrative costs | 1 | 13 |
| Production costs | 810 | 4,085 |
| Project artists, staff & costs | **13,501 ** | 21,570 |
| 18,043 | 38,273 | |
| Total resources expended | 18,043 | 38,273 |
| Net income/(expenditure) | 12,598 | (9,715) |
This page does not form part of the statutory financial statements
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