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← Yorkshire Ballet Seminars

2023-10-31-accounts

Charity number: 1107179

YORKSHIRE BALLET SEMINARS

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

YORKSHIRE BALLET SEMINARS

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 8
Independent Examiner's Report 9 - 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13 - 25

YORKSHIRE BALLET SEMINARS

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2023

Trustees Kenneth Marchant
David Pickering
Louise Gash (resigned 23 September 2023)
Charles Glanville
Charles Parker
Richard Clifford
Simone Goligorsky
Joanna McDwyer
Anna Williams (appointed 15 May 2023)
Charity registered
number
1107179
Principal office
Regal House
70 London Road
Twickenham
TW1 3QS
Secretary
Iain Mackay (resigned 10 December 2022)
Cira Robinson (appointed 10 December 2022)
Accountants
Nyman Libson Paul LLP
Chartered Accountants
124 Finchley Road
London
NW3 5JS
Bankers
Lloyds TSB
19-21 The Quadrant
Richmond
Surrey
TW9 1BP

Page 1

YORKSHIRE BALLET SEMINARS

TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2023

The Trustees present their annual report together with the financial statements of the Yorkshire Ballet Seminars (formerly Yorkshire Ballet Seminars Charitable Trust) for the year

1 November 2022 to 31 October 2023. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition effective 1 January 2019).

Status and administration

The Charity converted from a company limited by guarantee to a charitable incorporated organisation, registered under the Charities Act 2006, on 10 January 2019.

The charity's affairs are governed by its Constitution which allows for any activities covered by the charity's objectives with no specific restrictions.

Public benefit

In compliance with the duty set out in section 4 of the Charities Act 2006 and in shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance on public benefit and fee charging. The school relies on donations and the income from fees to cover its operating costs. In setting the level of fees, the trustees give careful consideration to the accessibility of the school for those on low incomes. This includes the provision of scholarships and bursaries funded by the charity and many wonderful supporters for high potential UK dance students.

We believe that our commitment to meeting our Public Benefit obligation is demonstrated by the approach we take to meeting our key objectives of focused and expert tuition to students of any background. This is not just a mantra - it is our absolute creed.

We confirm that we maintain full and proper Safeguarding Policies in respect of young persons and vulnerable adults.

Trustees

The Trustees who served during the year and up to the date of this report were:

Kenneth Marchant David Pickering Louise Gash (resigned September 2023) Charles Glanville Charles Parker Richard Clifford Simone Goligorsky Joanna McDwyer Anna Williams (Appointed May 2023)

Page 2

YORKSHIRE BALLET SEMINARS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023

Governance

The charity is administered by the Board of Trustees which is its governing body. The Board meets regularly to discuss and formulate policy which is then delegated to and implemented by the Director. Trustees are appointed to the Board in accordance with the Constitution and are recruited mainly on the basis of personal recommendation.

In particular, the Board looks to ensure it has the full range of appropriate skills on the Board, considers diversity opportunities and provides appropriate information and governance training to new Board members.

Reserves policy

The Trustees will continue the policy of maintaining as reserves unrestricted funds which have not been designated for a specific use at a level equivalent to twelve month's expenditure. The Trustees consider that holding reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised.

Risk factors

The Trustees have assessed the risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to any major risks.

Yorkshire Ballet Seminars

Our mission is to give opportunities to ballet students with talent and ambition to experience world class tuition and wider learning. Proudly independent, we create a supportive, student focused learning environment to allow our young dancers to thrive. We build on our rich history of broadening accessibility for all students to experience dance teaching of the highest quality. We aim to inspire, refresh, and nurture every student that we teach.

In December 2022, Yorkshire Ballet Seminars had a handover of Directorship, from Iain Mackay to Cira Robinson. Cira Robinson has a wide range of experience as a dancer for both Dance Theatre of Harlem and Ballet Black and as a dance educator, having taught regularly for Ballet Black Junior School and Yorkshire Ballet Seminars.

This year has been filled with exciting events for YBS as we have provided more pop ups, masterclasses and saw us launch the celebration of our 50th anniversary.

Page 3

YORKSHIRE BALLET SEMINARS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023

Pop Ups

We were able to hold a significant number of pop-up events during half terms and holidays, taught by professional dancers from many of the major ballet companies across the UK, with the accompaniment of live pianists.

We have successfully delivered the following over our 2022/2023 season:

Easter Residential 2023

Our second annual Easter residential was successfully delivered. We had a slight increase in student numbers from last year with 62 students, from both the UK and for the first time we opened the Easter course to international students.

The age group of students was 11 – 16, which is a slightly younger age group than we had last year. We also incorporated one to one coaching sessions given daily by the Director.

Our experienced staff consisted of:

Due to the low number of male applicants, for a second year the course was composed of female students only. The students were mainly from non-vocational ballet schools and did an impressive job of learning a vast range of materials which we shared with a demonstration for parents at the end of the week, which was very well received.

Page 4

YORKSHIRE BALLET SEMINARS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023

Summer Residential 2023

Cira Robinson was on maternity leave from June, therefore an Operations Director was hired to oversee the three week course. Christopher Marney, former principal dancer with New Adventures, previous director of Central School of Ballet, and former Director of The Joffrey School in Chicago, USA was a perfect match for the job. He was professional, efficient, and diligently executed his role during the course.

We received 497 of applications for our summer residential. A total of 298 students attended.

The number of students per week consisted of:

Across the three weeks we had the following teaching faculty:

The teaching throughout was of the highest standard that we as an organisation pride ourselves on being able to deliver.

The students’ achievements are testimony to their dedication and hard work which was evident daily and celebrated in the sharing of work at the end of each week.

Masterclasses

We delivered three masterclasses during the course with one per week. On our third week we invited external guests to launch our 50th celebrations.

Our programme consisted of:

Page 5

YORKSHIRE BALLET SEMINARS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023

Pastoral Care

Pastoral support is crucial to the smooth delivery and positive student experience. Our Pastoral team worked hard always delivering not only care and support but also the planning and delivery of non-dancing evening activities helping the students to unwind, make new friends and enjoy themselves. The team did an excellent job, receiving much praise and thanks from both parents and students.

Scholarships and Bursaries

At our 2023 Summer Seminars, a total of 59 scholarships and bursaries were awarded to very deserving students. We thank our individual donors and The Linbury Trust for enabling us to offer such levels of support, higher than any other similar UK program.

Access is at the forefront of everything we do and breaking down financial barriers with these awards is fundamental to the impact we have on young dancers’ development.

Fundraising

Yorkshire Ballet Seminars continues to rely on many individuals and loyal supporters who year on year generously donate to the work we do. These funds are either towards our core operations costs or funds restricted to scholarships and bursaries.

We remain active in applying for further support through sourcing possible funding streams.

With this year being our 50th anniversary, a launch was held in Harrogate in July at Ashville College, where the event consisted of roughly 17 guests who gathered to watch the masterclass that was beautifully presented by Alex Campbell and Zenaida Yanowsky. Helen Bruce and Cathy Birch, authors of “25 Summers, the Yorkshire Ballet Seminars in Ilkley”, who launched their book back in May, were in attendance.

At our August Ballet Bootcamp, we invited guests to view the masterclass and afterwards, invited them to Tuttons Restaurant as a thank you for supporting YBS and a continuation of the celebration.

Another event will be held in January 2024 where invited supporters will be able to witness first-hand how we offer top notch experiences for young dancers.

We are still in the process of planning a gala inspired event in 2024 that will properly wrap up our year of commemoration.

Page 6

YORKSHIRE BALLET SEMINARS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023

Future Plans

We will deliver an Easter Residential at our Yorkshire home of Ashville College for one week with 75 student places available. We intend on offering bursaries for the first time to students wishing to attend our Easter course and eventually, scholarships as well.

We will be continuing to deliver our Pop Ups and increase the venues and cities we visit, such as Edinburgh and Manchester, increasing the numbers of students we can reach and support as much as possible.

We will be continuing to deliver our Pop Ups and increase the venues and cities we visit, increasing the numbers of students we can reach and support as much as possible.

The summer residential course in 2024 will now consist of four weeks, instead of three. Being able to offer an additional week will hopefully be beneficial to those students who might not normally get a chance to attend due to full capacity or scheduling.

This will have the capacity for 320 students aged 10 – 20 to attend across the four weeks.

Yorkshire Ballet Seminars recognises that there is a need, both by us as an organisation and in the wider world of dance to be wholly inclusive, accessible and to represent the diverse society we live in. We will be focusing on this goal and working hard to make connections and collaborating with other charities to help diversify the work we do and reach students and communities we may not currently be creating enough access for.

Financial Review

Yorkshire Ballet Seminars is reporting a surplus of £12,839 for the year ended 31 October 2023. (2022: surplus of £7,304)

Reserves at year end stood at £302,014 (2022: £289,175)

Reserves at this level are consistent with the Reserve Policy adopted by the charity.

Page 7

YORKSHIRE BALLET SEMINARS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees on 18 January 2024 and signed on their behalf by:

Charles Glanville

(Trustee)

Page 8

YORKSHIRE BALLET SEMINARS

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2023

Independent Examiner's Report to the Trustees of Yorkshire Ballet Seminars ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 October 2023.

Responsibilities and Basis of Report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Page 9

YORKSHIRE BALLET SEMINARS

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023

Independent Examiner's Statement

Since the charity'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 because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Jennifer Pope ACA

Nyman Libson Paul LLP

Chartered Accountants 124 Finchley Road London NW3 5JS Date: 18 January 2024

Page 10

YORKSHIRE BALLET SEMINARS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2023

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2023
£
29,650
-
-
29,650
-
37,450
37,450
(7,800)
26,800
(7,800)
19,000		 Unrestricted
funds
2023
£
86,212
204,470
1,609
292,291
4,106
267,546
271,652
20,639
262,375
20,639
283,014		 Total
funds
2023
£
115,862
204,470
1,609
321,941
4,106
304,996
309,102
12,839
289,175
12,839
302,014		 Total
funds
2022
£
132,320
179,555
494
312,369
6,434
298,631
305,065
7,304
281,871
7,304
289,175

The notes on pages 13 to 25 form part of these financial statements.

Page 11

YORKSHIRE BALLET SEMINARS

BALANCE SHEET AS AT 31 OCTOBER 2023

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 10,784
286,080
296,864
(12,820)		 2023
£
17,970
17,970
284,044
302,014
19,000
283,014
302,014		 13,943
276,543
290,486
(26,025)		 2022
£
24,714
24,714
264,461
289,175
26,800
262,375
289,175

The financial statements were approved and authorised for issue by the Trustees on 18 January 2024 and signed on their behalf by:

Charles Glanville

(Chairman)

The notes on pages 13 to 25 form part of these financial statements.

Page 12

YORKSHIRE BALLET SEMINARS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with 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) (second edition effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2011.

The Charity has applied all amendments to FRS 102, as set out in the Financial Reporting Council's triennial review published in December 2017, and included in Update Bulletin 2 to the Charities SORP (FRS 102), as required for mandatory adoption for accounting periods beginning on or after 1 January 2019.

Yorkshire Ballet Seminars 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.

1.2 Going concern

The charity meets its day to day working capital requirements through the utilisation of its own funds. At the reporting date, the charity held reserves of £302,014, which included net current assets of £284,044 and cash of £286,080. Of these amounts, £283,014 was unrestricted. This is line with the charity's reserves policy of holding the equivalent of 12 month's expenditure in general reserves.

The trustees have prepared updated forecasts and projections based on the likely scenarios and, at the time of approving these financial statements, they have a reasonable expectation that the charity has sufficient resources to finance its activities over the next 12 months. Accordingly, they consider it appropriate to continue to adopt the going concern basis in preparing the charity’s financial statements.

1.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Donations are accounted for when received. Bank interest and all other income is accounted for on an accruals basis.

Page 13

YORKSHIRE BALLET SEMINARS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

1. Accounting policies (continued)

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs are allocated to the applicable expenditure headings.

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

1.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £250 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Fixtures & fittings - 20%
Computer equipment - 25%

1.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 14

YORKSHIRE BALLET SEMINARS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

1. Accounting policies (continued)

1.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

1.10 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.11 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

1.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2. Critical accounting estimates and areas of judgment

The preparation of the financial statements required management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The following are the charity's key sources of estimation uncertainty:

Accruals

The company makes an estimate of accruals at the year end based on invoices received after the year end, work undertaken which has not been invoiced based on quotations or estimates of amounts that maybe due for payment.

Page 15

YORKSHIRE BALLET SEMINARS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

3. Income from donations and legacies

Donations
Donations		 Restricted
funds
2023
£
29,650
Restricted
funds
2022
£
36,400		 Unrestricted
funds
2023
£
86,212
Unrestricted
funds
2022
£
95,920		 Total
funds
2023
£
115,862
Total
funds
2022
£
132,320

4. Income from charitable activities

Student fees
Pop-up
Online sales
Student fees
Pop-up
Online sales
Total 2022		 Unrestricted
funds
2023
£
187,702
16,768
-
204,470
Unrestricted
funds
2022
£
160,445
17,800
1,310
179,555		 Total
funds
2023
£
187,702
16,768
-
204,470
Total
funds
2022
£
160,445
17,800
1,310
179,555

Page 16

YORKSHIRE BALLET SEMINARS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

5. Investment income

Investment income
Investment income		 Unrestricted
funds
2023
£
1,609
Unrestricted
funds
2022
£
494		 Total
funds
2023
£
1,609
Total
funds
2022
£
494

6. Expenditure on raising funds

Costs of raising voluntary income

Advertising
Fundraising
Merchandise		 Unrestricted
funds
2023
£
851
452
2,803
4,106		 Total
funds
2023
£
851
452
2,803
4,106

Page 17

YORKSHIRE BALLET SEMINARS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

6. Expenditure on raising funds (continued)

Costs of raising voluntary income (continued)

Advertising
Fundraising
Merchandise		 Unrestricted
funds
2022
£
2,183
1,923
2,328
6,434		 Total
funds
2022
£
2,183
1,923
2,328
6,434

7. Analysis of expenditure on charitable activities

Summary by fund type

Charitable activity expenses
Charitable activity expenses		 Restricted
funds
2023
£
37,450
Restricted
funds
2022
£
42,900		 Unrestricted
funds
2023
£
267,546
Unrestricted
funds
2022
£
255,731		 Total
2023
£
304,996
Total
2022
£
298,631

Page 18

YORKSHIRE BALLET SEMINARS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

8. Analysis of expenditure by activities

Charitable activity expenses
Charitable activity expenses
Analysis of direct costs
Depreciation (floor)
Travel/subsistence (teachers)
Teachers, pianists, physio, auditions
Location/facilities		 Activities
undertaken
directly
2023
£
196,285
Activities
undertaken
directly
2022
£
186,197		 Support
costs
2023
£
108,711
Support
costs
2022
£
112,434
Total
funds
2023
£
7,605
8,109
57,270
123,301
196,285		 Total
funds
2023
£
304,996
Total
funds
2022
£
298,631
Total
funds
2022
£
5,632
8,044
59,949
112,572
186,197

Page 19

YORKSHIRE BALLET SEMINARS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
Sundry expenses
Computer and website costs
Insurance
Printing, postage and stationery
Accountancy fees
Legal & professional fees
Telephone and internet
Office rent
Storage costs
Floor fitting and transport		 Total
funds
2023
£
78,793
795
449
1,556
5,227
1,395
5,544
1,811
376
1,327
3,118
8,320
108,711		 Total
funds
2022
£
85,629
586
341
1,867
3,793
1,171
5,340
4,369
517
2,529
3,118
3,174
112,434

9. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £5,000 (2022 - £5,000).

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2023
£
74,766
2,369
1,658
78,793		 2022
£
79,433
4,351
1,845
85,629

Page 20

YORKSHIRE BALLET SEMINARS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

10. Staff costs (continued)

The average number of persons employed by the charity during the year was as follows:

2023 2022
No. No.
Management, administration and fundraising 3 3

No employee received remuneration amounting to more than £60,000 in either year.

Key Management Compensation

The trustees are considered to be the key management personnel of the charity. No benefits or expense reimbursements were received by the trustees during the year.

11. Tangible fixed assets

Cost or valuation
At 1 November 2022
Additions
Disposals
At 31 October 2023
Depreciation
At 1 November 2022
Charge for the year
On disposals
At 31 October 2023
Net book value
At 31 October 2023
At 31 October 2022		 Fixtures &
fittings
£
38,023
-
-
38,023
14,520
7,605
-
22,125
15,898
23,503		 Computer
equipment
£
6,967
2,397
(1,318)
8,046
5,756
795
(577)
5,974
2,072
1,211		 Total
£
44,990
2,397
(1,318)
46,069
20,276
8,400
(577)
28,099
17,970
24,714

Page 21

YORKSHIRE BALLET SEMINARS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

12. Debtors

Due within one year
Prepayments and accrued income		 2023
£
10,784
10,784		 2022
£
13,943
13,943

13. Creditors: Amounts falling due within one year

Other creditors
Accruals and deferred income		 2023
£
1,070
11,750
12,820		 2022
£
1,025
25,000
26,025

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YORKSHIRE BALLET SEMINARS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

14. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Restricted funds
Restricted Funds - all funds
Total of funds		 Balance at 1
November
2022
£
262,375
Balance at 1
November
2022
£
26,800
289,175		 Income
£
292,291
Income
£
29,650
321,941		 Expenditure
£
(271,652)
Expenditure
£
(37,450)
(309,102)		 Balance at
31 October
2023
£
283,014
Balance at
31 October
2023
£
19,000
302,014

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YORKSHIRE BALLET SEMINARS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Restricted funds
Restricted Funds
Total of funds		 Balance at
1 November
2021
£
248,571
33,300
Balance at
1 November
2021
£
281,871		 Income
£
275,969
36,400
Income
£
312,369		 Expenditure
£
(262,165)
(42,900)
Expenditure
£
(305,065)		 Balance at
31 October
2022
£
262,375
26,800
Balance at
31 October
2022
£
289,175

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YORKSHIRE BALLET SEMINARS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2023
£
-
19,000
-
19,000		 Unrestricted
funds
2023
£
17,970
277,864
(12,820)
283,014		 Total
funds
2023
£
17,970
296,864
(12,820)
302,014

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Endowment
funds
2022
£
-
(431)
431
-		 Restricted
funds
2022
£
-
26,800
-
26,800		 Unrestricted
funds
2022
£
24,714
264,117
(26,456)
262,375		 Total
funds
2022
£
24,714
290,486
(26,025)
289,175

16. Pension commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £1,658 (2022 - £1,845). £nil (2022: £431) was payable at the reporting date and is included in creditors.

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