**Charity number: 1107179** ## **YORKSHIRE BALLET SEMINARS** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 OCTOBER 2024** Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **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 - 26| Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2024** |**Trustees**|Kenneth Marchant| |---|---| ||David Pickering| ||Charles Glanville| ||Charles Parker| ||Richard Clifford| ||Simone Goligorsky| ||Joanna McDwyer| ||Anna Williams| |**Charity registered**
**number**
1107179
**Principal office**
Regal House
70 London Road
Twickenham
TW1 3QS
**Secretary**
Cira Robinson
**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 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** The Trustees present their annual report together with the financial statements for Yorkshire Ballet Seminars (formerly Yorkshire Ballet Seminars Charitable Trust) for the year 1 November 2023 to 31 October 2024. 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). ## **Objectives and Activities** The primary objectives of the organization are: to promote and advance public education in the field of dance and related performing arts. This is achieved particularly, but not exclusively, through the provision, maintenance, development, and support of training programs, educational courses, seminars, conferences, lessons, and classes focused on the study, practice, and promotion of ballet and other forms of dance. The main objectives for the year were to continue supporting these initiatives for the public benefit. To achieve these objectives, various educational and training programs were undertaken as detailed in the relevant sections of the financial statements. ## **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 charity relies on donations and the income from fees to cover its operating costs for its dance tuition programmes. In setting the level of fees, the trustees give careful consideration to the accessibility of the school for those on low income. This includes the provision of scholarships and bursaries funded by the charity and many wonderful supporters for high potential UK dance students and for students with financial needs. 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. Page 2 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Trustees** The Trustees who served during the year and up to the date of this report were: Kenneth Marchant David Pickering Charles Glanville (Chair) Charles Parker Richard Clifford Simone Goligorsky Joanna McDwyer Anna Williams ## **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 based on 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 maintain unrestricted funds, which have not been designated for a specific use, at a level equivalent to twelve months’ expenditure. This policy ensures that, in the event of a significant drop in funding, the charity can continue its current activities while exploring ways to raise additional funds. As at the reporting date, free reserves are (calculated as unrestricted funds less fixed assets) £317,432 (2023: £265,044). ## **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. Page 3 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Pop Ups 2024** The charity works to extend its outreach to students throughout the UK and to keep the charity and its key Easter and Summer courses in the front of students’ minds through providing one day dance tuition pop up events. We successfully delivered the following over our 2023/2024 season: December - Manchester and London January - Birmingham and London March - Leeds May - Leeds and Glasgow July - Adult Ballet Masterclasses x3 in Harrogate August - London ## **Easter Residential 2024** Our annual Easter residential was successfully delivered. We had an increase in student numbers from last year with 73 students, from both the UK and internationally. The age group of students was 11 – 16, and we also incorporated one to one coaching sessions given daily by the Director. Our experienced staff consisted of: - Laura Hatton: Royal Ballet School Junior Associates Teacher - Daria Stanciulescu: Soloist, Birmingham Royal Ballet - Benji Knapper: Contemporary & Former BalletBoyz - Gavin McCaig: Artistic Director, London Vocational Ballet School - Rachael Hall: Pilates Instructor We saw a small boost in the number of male students who attended. Although there were only six, we were able to offer specific classes taught by a male teacher that was tailored to their needs. 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. ## **Summer Residential 2024** This year, we extended the course from three weeks to four. We received 533 applications, and there were 351 places or 370 student weeks given throughout the four weeks. - The number of students per week consisted of: - WEEK 1: 75 students / 3 Non-Residential (78) - WEEK 2: 97 students / 4 Non-Residential (101) - WEEK 3: 100 students / 3 Non-Residential (103) - WEEK 4: 84 students / 4 Non-Residential (88) Page 4 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Demographics** Like last year, most of our attendees were female, at 83%, and we experienced a massive boost in male students this year taking it from 8% in 2023 to 17% in 2024. Of the 351 students who attended, 49% were vocational and 51% were non-vocational, with this being the first year that we have had more non-vocational than vocational students in attendance. 76% of the students were of white ethnicity, with 24% being non white. Of the participants, 28% were from the South and Southeast of England, 17% were from overseas, 29% were from the North and Yorkshire, and 10% were from Scotland. Across the four weeks, we had the following teaching faculty: - Harris Beattie: Northern Ballet Company - Sarah Chun: Northern Ballet Company - Daria Stanciulescu: Birmingham Royal Ballet - Laura Hatton: Royal Ballet School Junior Associates teacher - Diana Loosmore: Northern Contemporary School of Dance - Bethany Kingsley Garner: Former Principal of Scottish Ballet, freelance teacher - Claire Calvert: Principal, The Royal Ballet and Opera - Oliver Rydout: Rehearsal Director, Scottish Ballet - Edd Arnold: Contemporary Freelance Teacher & Former BalletBoyz - Louise Bennett: Artistic Director, London Vocational Ballet School - Gina Tse: Artistic Director, International Ballet School of Sweden - Alexander Campbell : Artistic Director, Royal Academy of Dance - Hannah Bateman (Tindall): Former Northern Ballet Company - Jacob Wye: Former Rambert Company, Freelance Choreographer - Sean Bates: Soloist, Ballet Zurich - Mlindi Kulashe: Soloist, Ballet Zurich - Charlotte Pook: Rehearsal Director, Akram Khan Company - Sayaka Ichikawa: Former BalletBlack ## **Masterclasses** We delivered four masterclasses during the summer course with one per week. In our third week, we held the concluding event for our 50th anniversary, which we had Principal ballerina, Claire Calvert, and Former Principal, now Artistic Director of the Royal Academy of Dance, Alexander Campbell, conduct a Sleeping Beauty masterclass to our older students. Our Masterclass programme consisted of: - Rachael Gillespie & Harris Beattie: Northern Ballet- Great Gatsby inspired Masterclass - Madie Squire: First Artist/Choreographer- Scottish Ballet - Nicole Alphonse: Choreographer- Commercial Contemporary - Vanessa Vince Pang: Choreographer ## **Pastoral Care** Pastoral support is crucial to the smooth delivery of the school and to ensure a positive student experience. Our Pastoral team worked hard to deliver not only care and support but also the planning and delivery of nondancing evening activities helping the students to unwind, make new friends and enjoy themselves. The team did an excellent job throughout the four-week course, receiving much praise and thanks from both parents and students. Page 5 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Environmental Efforts** Here at Yorkshire Ballet Seminars, there are many precautions that we take to assure that we stay as environmentally aware as possible. We are contracted with our current existing venue, Ashville College, in Harrogate, while it is vacant and rented to only Yorkshire Ballet Seminars for our Easter and Summer residentials. By consolidating our courses in a single, well-maintained location, practices such as energy efficiency, waste reduction, resource optimization, biodiversity preservation and community engagement contribute to a more sustainable approach to facility usage. We are a paperless organisation, so we have recently adopted the use of iPads for our registration and rosters. We realised how much paper was being printed and knew that a more efficient approach would be having tablets that could be easily adjusted to our needs. We also maintain a paperless office and produce our contracts to our teachers and faculty online, contact our donors and parents via email as well as receive our business and banking information online. To reduce our carbon footprint, we try to encourage our teachers to travel by train versus by car as it is quicker and a better environmental choice. We have barred single use plastic on campus, and before every course, we ask students to bring their own bottles. Water fountains are located throughout the facilities, and this also lessens the chances of misplaced and lost bottles. To preserve water, we also ask students to bring their own towels which cut down on laundry and preserves the unnecessary usage of water. Our food waste policy at Ashville College helps us to cut down on wasted meals by providing exact numbers of students to the canteen on campus. In implementing this policy, we are able to keep track of how much food will be needed. Although we currently take these precautions to do our part for the environment, there is always more that we could do going forward. Cutting shower times down to preserve more water, providing a charity box for unwanted dance clothes in decent condition to donate rather than throwing them away, and carpooling students to and from the train station to the campus upon arrival and departing. We consciously try our best to maintain our reputation as a positive and impactful organisation to those students who enjoy training with us, but we also understand that adopting environmentally conscious practices will not only contribute to the health of the planet but also build a robust foundation for long term sustainability. ## **Scholarships and Bursaries** For the first time ever, we were able to provide funding for bursaries for the Easter course. Three bursaries were awarded and with a bonus of one scholarship from The London Ballet Circle. At our 2024 Summer Seminars, a total of 69 scholarships and bursaries were awarded to very deserving students, which was 10 more than last year. We thank our individual donors and The CHK Foundation for enabling us to offer such levels of support, higher than any other similar UK program. Bursaries are awarded based on financial need, while scholarships are awarded to deserving students who attend our scholarship auditions (in 2023, in Leeds, Birmingham and London). In 2024, we have expanded our auditions to Scotland as well as additional London venue, and our ticket numbers are up from the following year. Access has continued to be 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. Page 6 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024** ## **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 used either towards our core operations costs or scholarships and bursaries. We remain active in applying for further support through sourcing possible funding streams. At our August Ballet Bootcamp, we invited guests to view the masterclass, taught by Principal Ballerina from the Royal Ballet and Opera, Anna Rose O’ Sullivan, and afterwards, invited them to Café Murano Covent Garden as a thank you for supporting YBS and a continuation of the celebration of our 50th anniversary. Another event will be held in January 2025 where invited supporters will be able to witness first-hand how we offer top notch experiences for young dancers. We have Principal Ballerina of the Royal Ballet, Mayara Magri, to lead the masterclasses. ## **Future Plans** We have fulfilled our plan to expand the numbers attending our Easter course and will continue the formula in 2025. We feel it worked extremely well and provided the opportunity for more students to attend. We will again, provide funded places through a bursaries and have three secured for April 2025. We continue to work hard to increase the numbers of male students attending. We will continue to deliver our Pop Ups with a similar format and have specialised masterclasses and one to one sessions with special guests to strengthen our partnerships with major dance organisations, ultimately, increasing the numbers of students we can reach and support as much as possible. A rebrand is underway where there will be a launch of a refreshed website and new logo. We have engaged a fundraising consultant to assist us in our fundraising initiatives, with the ultimate goal of creating and building a strong CRM system for fundraising. Due to our delivery costs increasing, we have decided to increase our fees by 10% in 2025. 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 and this is always at the heart of what we do. We will continue to focus on this goal and build on what we have achieved in 2023/2024 to diversify the work we do and reach students and communities we may not currently be creating enough access for. ## **Financial Review** For the financial period under review, Yorkshire Ballet Seminars reported a total income of £440,738 (2023: £321,941). The total expenditure for the same period amounted to £395,046 (2023: £309,102). This increase is in part due to an additional week on the residential courses as we have gone from three weeks to a four-week course, as well as receiving more in voluntary income than 2023. During the year, the charity produced a net surplus of £45,692 (2023: £12,839), with closing funds at the reporting date being £347,706 (2023: £302,014). £10,900 (2023: £19,000) of these funds were for use on restricted activities. Page 7 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024** ## **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: - select suitable accounting policies and then apply them consistently. - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any - material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the - Charity will continue in business. 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 and signed on their behalf by:29 January 2025 Signer ID: G4YOO3GRFB... ## **Charles Glanville** (Trustee) Page 8 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **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 2024. ## **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 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024** ## **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. Andrew Thomas ACA ## **Nyman Libson Paul LLP** Chartered Accountants 3 March 2025 Page 10 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024** |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
2024
£
36,900
-
-
36,900
-
45,000
45,000
(8,100)
19,000
(8,100)
10,900|Unrestricted
funds
2024
£
134,563
265,973
3,302
403,838
8,107
341,939
350,046
53,792
283,014
53,792
336,806|Total
funds
2024
£
171,463
265,973
3,302
440,738
8,107
386,939
395,046
45,692
302,014
45,692
347,706|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| The notes on pages 13 to 26 form part of these financial statements. Page 11 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **BALANCE SHEET AS AT 31 OCTOBER 2024** ||||||||2024|2024|||2023|2023| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||Note||||£||||£|| |**Fixed assets**||||||||||||| |Tangible assets|||12||||19,374||||17,970|| ||||||||19,374||||17,970|| |**Current assets**||||||||||||| |Debtors|||13||24,076|||||10,784||| |Cash at bank and in hand|Cash at bank and in hand||||324,065||||286,080|||| ||||||348,141||||296,864|||| |Creditors: amounts falling due within one||Creditors: amounts falling due within one|Creditors: amounts falling due within one|||||||||| |year|||14||(19,809)|||||(12,820)||| |**Net current assets**|||||||328,332||||284,044|| |**Total net assets**|||||||347,706||||302,014|| |**Charity funds**||||||||||||| |Restricted funds|||15||||10,900||||19,000|| |Unrestricted funds|||15||||336,806||||283,014|| |**Total funds**|||||||347,706||||302,014|| |The
financial|statements|were|were
approved|and|authorised||for
issue||by|by
the|Trustees
on|| |_________________________________________________and signed on their behalf by:
29 January 2025||||||||and signed on their behalf by:||||| Signer ID: G4YOO3GRFB... ## **Charles Glanville** (Chairman) The notes on pages 13 to 26 form part of these financial statements. Page 12 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **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. 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 £347,706, which included net current assets of £348,141 and cash of £324,065. Of these amounts, £337,481 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 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **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 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 **YORKSHIRE BALLET SEMINARS** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **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. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. 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. ## **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. During the year, there were no significant estimates or areas of judgment. Page 15 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **3. Income from donations and legacies** |Donations
Donations|Restricted
funds
2024
£
36,900
Restricted
funds
2023
£
29,650|Unrestricted
funds
2024
£
134,563
Unrestricted
funds
2023
£
86,212|Total
funds
2024
£
171,463| |---|---|---|---| ||||Total
funds
2023
£
115,862| |**4.**
**Income from charitable activities**
Student fees
Pop-up
Student fees
Pop-up
Total 2023|Unrestricted
funds
2024
£
247,588
18,385
265,973
Unrestricted
funds
2023
£
187,702
16,768
204,470|Total
funds
2024
£
247,588
18,385| |---|---|---| |||265,973| |||Total
funds
2023
£
187,702
16,768| |||204,470| Page 16 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **5. Investment income** |Investment income
Investment income|Unrestricted
funds
2024
£
3,302
Unrestricted
funds
2023
£
1,609|Total
funds
2024
£
3,302| |---|---|---| |||Total
funds
2023
£
1,609| ## **6. Expenditure on raising funds** ## **Costs of raising voluntary income** |Advertising
Fundraising
Merchandise|Unrestricted
funds
2024
£
1,109
2,407
4,591
8,107|Total
funds
2024
£
1,109
2,407
4,591| |---|---|---| |||8,107| Page 17 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **6. Expenditure on raising funds (continued)** ## **Costs of raising voluntary income (continued)** |Advertising
Fundraising
Merchandise|Unrestricted
funds
2023
£
851
452
2,803
4,106|Total
funds
2023
£
851
452
2,803| |---|---|---| |||4,106| ## **7. Analysis of expenditure on charitable activities** ## **Summary by fund type** |Charitable activity expenses
Charitable activity expenses|Restricted
funds
2024
£
45,000
Restricted
funds
2023
£
37,450|Unrestricted
funds
2024
£
341,939
Unrestricted
funds
2023
£
267,546|Total
2024
£
386,939| |---|---|---|---| ||||Total
2023
£
304,996| Page 18 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **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
2024
£
258,547
Activities
undertaken
directly
2023
£
196,285|Support
costs
2024
£
128,392
Support
costs
2023
£
108,711
Total
funds
2024
£
5,093
11,168
76,983
165,303
258,547|Total
funds
2024
£
386,939
Total
funds
2023
£
304,996
Total
funds
2023
£
7,605
8,109
57,270
123,301| |---|---|---|---| ||||196,285| Page 19 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **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
Refund of fees
Office rent
Storage costs
Floor fitting and transport
Loss on disposal of fixed assets|Total
funds
2024
£
93,699
950
357
2,522
5,967
1,035
8,237
1,629
552
1,431
341
3,246
7,729
697
128,392|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| ## **9. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £6,300 (2023 - £6,270). Page 20 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 **YORKSHIRE BALLET SEMINARS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **10. Staff costs** |Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
The average number of persons employed by the charity during the year was
Management, administration and fundraising|2024
£
89,677
2,274
1,748
93,699
as follows:
2024
No.
3|2023
£
74,766
2,369
1,658| |---|---|---| |||| |||78,793| |||2023
No.
3| No employee received remuneration amounting to more than £60,000 in either year. ## **Key Management Personnel** The trustees, Operations Manager, and Director are considered to be the key management personnel of the charity. No benefits or expense reimbursements were received by the trustees during the year. Total Key Management Remuneration was £73,412 (2023: £58,401) during the year. ## **11. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 October 2024, no Trustee expenses have been incurred (2023 - £NIL). Page 21 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **12. Tangible fixed assets** |**Cost or valuation**
At 1 November 2023
Additions
Disposals
At 31 October 2024
**Depreciation**
At 1 November 2023
Charge for the year
On disposals
At 31 October 2024
**Net book value**
At 31 October 2024
At 31 October 2023|Fixtures &
fittings
£
38,023
5,814
-
43,837
22,125
5,093
-
27,218
16,619
15,898|Computer
equipment
£
8,046
2,330
(929)
9,447
5,974
950
(232)
6,692
2,755
2,072|Total
£
46,069
8,144
(929)
53,284
28,099
6,043
(232)
33,910
19,374
17,970| |---|---|---|---| ## **13. Debtors** |**Due within one year**
Other debtors
Prepayments and accrued income|2024
£
3,282
20,794
24,076|2023
£
45
10,739| |---|---|---| |||| |||10,784| Page 22 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **14. Creditors: Amounts falling due within one year** |Other creditors
Accruals and deferred income|2024
£
269
19,540
19,809|2023
£
1,070
11,750| |---|---|---| |||| |||12,820| Page 23 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 **YORKSHIRE BALLET SEMINARS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **15. 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
2023
£
283,014
Balance at 1
November
2023
£
19,000
302,014|Income
£
403,838
Income
£
36,900
440,738|Expenditure
£
(350,046)
Expenditure
£
(45,000)
(395,046)|Balance at
31 October
2024
£
336,806| |---|---|---|---|---| |||||Balance at
31 October
2024
£
10,900| |||||347,706| Restricted funds consist of donations received for using on scholarships. Page 24 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **15. Statement of funds (continued)** **Statement of funds - prior year** |**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Funds - all funds
**Total of funds**|Balance at
1 November
2022
£
262,375
26,800
Balance at
1 November
2022
£
289,175|Income
£
292,291
29,650
Income
£
321,941|Expenditure
£
(271,652)
(37,450)
Expenditure
£
(309,102)|Balance at
31 October
2023
£
283,014| |---|---|---|---|---| |||||19,000| |||||Balance at
31 October
2023
£
302,014| Page 25 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293 ## **YORKSHIRE BALLET SEMINARS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **16. Analysis of net assets between funds** ## **Analysis of net assets between funds - current period** |Tangible fixed assets
Current assets
Creditors due within one year
**Total**|Restricted
funds
2024
£
-
10,900
-
10,900|Unrestricted
funds
2024
£
19,374
337,241
(19,809)
336,806|Total
funds
2024
£
19,374
348,141
(19,809)| |---|---|---|---| ||||347,706| ## **Analysis of net assets between funds - prior period** |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| ## **17. Pension commitments** The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £1,748 (2023 - £1,658). £269 (2023: £nil) was payable at the reporting date and is included in creditors. ## **18. Related party transactions** During the year, donations to the charity from trustees totalled £45,833 (2023: £12,917). Page 26 Document ID: f20709087c80867e584144b4477fafcfdd97e9806f49ba11ec832cba37e16293