2022-03-31-accounts - Akademi South Asian Dance UK

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		Pages
Trustees' Annual Report		2 to 16
Independent Examiner's Report			17
Statement of Financial Activities			18
Summary Income and Expenditure	Account
Balance Sheet			20
Statement ofCash flows			21
Notes to the Accounts		22to	32
Detailed Statement of Financial Activities		33to	34

			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
			2022	2022	2022	2021
		Notes	E	E	E	E
Income and	endowments
from:
Donations and legacies Charitable activities Investments Other			218,956 7,240 127 12,163	177,572	396,528 7,240 127 12,163	373,943 3,562 392 821
Total			238,486	177,572	416,058	378,718
Expenditure	on:
charitable Other	activities		1D,875 151,386	209,SSS	220,430 151,386	135,751 227,872
Total			162,261	209,555	371,816	363,623
Net gains on	investments
Net income		10	76,225	(31,983)	44,242	15,095
Transfers between funds
Net income before other
gains/(lasses)			76,225	(31,983)	44,242	15,095
Other gains and losses
Net movement in funds			76,225	(31,983)	44,242	15,095
Reconciliation	offunds:
Total funds brought forward			284,509	74,069	3S8,S78	343,483
Total funds carried forward			360,734	42,086	402,820	358,578

			2022	2021
			E	E
Income
			415,931	378,326
Interest and	investment	Income	127	392
Gross income for the year			416,058	378,718
Expenditure			370,698	362,505
Depreciation	and charges	for
impairment	offixed assets		1.4118	1,118
Total expenditure for the year			371,816	363,623
Net income	before tax for the year		44,242	15,095
Net income	forthe year		44,242	24,424

Akademi South Asian Dance UK Balance Sheet at 31March2022	Akademi South Asian Dance UK Balance Sheet at 31March2022
Company No. 05294528		Notes	2022	2021
			f	6
Fixed assets
Tangible assets
				1,118
Current assets				1,118
Debtors Cash at bank and	in hand	14	40,665 491,297	4,316 367,776
Creditors: Amount fail)ir58 due within one year Net current assets Total assets less current liabilities Net assets excluding pension asset or liability		15	531,962 (129,142) 402,820 402,820 402,820	372,092 (14,632) 357,460 358,578 358,578
Total net assets			402,820	353.578
The funds ofthe charity
Restricted funds		16
Restricted income	funds		42,086	74,069
Unrestricted funds		16	42,086	74,069
Genera I funds Designated funds			167,445 193,289	174,620 109,889
			360,734	284,509
Reserves		16
Totalfunds
			I02,820	358,578

		2022	2021
			6
Cash flows from operating	activities
Net income per Statement	of Financial Activities	44,242	15,095
Adjustments for:
Depreciation of property, plant and equipment Dividends, interest and rents fram investments Other gains/losses		1,118 (290)	1,118 (1,213)
(Increase)/Decrease in Increase/(Decrease) in	trade and other receivables trade and other payables	(36,349) 114,510	2,883 (2,185)
Net cash provided by operating activities		123,231	15,698
Cash flows from investing	activities
Dividends, interest and	rents from investments	290	1,213
Net cash from investing activities		290	1.213
Net cash from financing activities
Net increase in cash and cash equivalents		123,521	16,911
Cash and cash equivalents	atthe beginning ofthe year	367,776	350,865
Cash and cash equivalents	at the end ofthe year	491,297	367,776
Components of cash and cash equivalents
Cash and bank balances		491,297	367,776
		491,297	367,776

Fund accoun	Fund accoun	ting
Unrestricted		funds	These are available for use at the discretion ofthe trustees in furtherance			of
			the general objects ofthe charity.
Designated		funds	These are unrestricted funds earmarked by the trustees	for particular purposes,
Revaluation		funds	These are unrestricted funds which include a revaluation	reserve representing
			the restatement of investment assets at their market values.
Restricted	funds		These are available for use subject to restrictions imposed by the donor		or
			through terms of an appeal,
Income
Recognition		of	Income is included in the Statement of Financial Activities (SoFA) when		the
income			charity becomes entitled to, and virtually certain to receive, the income		and		the
			amount ofthe income can be measured with sufficient	reliability.
income with		related	Where income has related expenditure the income and	related expenditure			is
expenditure			reported gross in the SoFA.
Donations	and		Voluntary income received by way ofgrants, donations	and gifts is included			in
legacies			the the SoFA when receivable and only when the Charity has unconditional
			entitlement to the income.
Tax reclaims		on	income from tax reclaims Is included in the SoFA at the	same time as the
donations	and gifts		gift/donation to which it relates.
Donated services			These are only included in income (with an equivalent amount in expenditure)
and facilities			where the benefit to the Charity is reasonably quantifiable, measurable		and
			material.
Volunteer	help		The value ofany volunteer help received is not included	in the accounts.
Investment		income	This is included in the accounts when receivable.
Gains/(losses) on			This lndudes any gain or loss resulting from revaluing investments to market
revaluation		offixed	value at the and ofthe year.
assets
Gains/(losses) on			This includes any gain or loss on the sale ofinvestments.
investment		assets

		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
Income and endowments	from:
Oonati ons and legacies Charitable activities Investments Other		218,956 3,562 392	154,987	373,943 3,562 392
		821		821
Total
		223,731	154,987	378,718
Expenditure on:
Charitable activities Other		13,271	122,480	135,751
		227,872		227,872
Total
		241,143	122,480	363,623
Net income
Transfers between funds		(17,412) 52,654	32,507 (52,654)	15,095
Net income before other
gains/(losses)		35,242	(20,147)	15,095
Other gains and losses;
Net movement in funds Reconciliation offunds:		35,242	(20,147)	15,095
Total funds brought forward Total funds carried forward		249,267 284,509	94,216 74,069	343,483 358,578

			Unrestricted	Restricted	Total	Total
					2022	2021
					f	f
Arts Council Dance Well	/Linbury	Trust /	218,956		218,956	218,956
City Bridge Trust				48,743	48,743	65,470
ROAR - John	I.yons charity/
BBCChildren	In Need			17,100	17,100	30,000
National Lottery Heritage
Fund				7,203	7,203	39,480
ACE & UCL-	Dancing	Brain/
Plastic Drastic Fantastic				54,060	54,060	8,000
Barings / Feet First				34,501	34,501
Community	workshops			15,965	15,965
			218,956	177,572	396,528	361,906

5	Income fr	om charitable activities
			Unrestricted	total	Total
				2022	2021
	Dance development		7,240	7,240	445
	Education	and community			3,117
			7,240	7,240	3,562
6	income from investments
			Unrestricted	Total	Total
				2022	2021
	Bank interest		127	127	392
			127	127	392
7	Other income
			Unrestricted	Total	Total
				2022	2021
				E	f
	Other donations		163	163	821
	Theatre Tax Relief		12,000	12,000
			12,163	12,163	821

		Unrestricted	Unrestricted		Restricted	Total		Total
						2022		2021
	Expenditure on chariiable
	acbvities
	Dance development Education and community Governance costs	10,585			209,555	220,140		16,855 118,896
	Trustees' meeting costs		290			290
		10,875			209,555	220,430		135,751
9	Other expenditure
				Unrestricted		Total		Tote I
						2022		2021
	Advertising and corporate				f	f		f
	fundraising				6,250	6,250		3,471
	Employee costs Ivlotor and travel costs				103,399 2,034	103,399 2,034	177,768
	Premises costs Amortisation, depreciation,				5,710	5,710		24,531
	impairment, profit/loss on disposal offixed assets				1,118	1,118		1,118
	General administrative costs Legal and professional costs				21,11,4 11,761	21,114 11,761		13,054 6,476
	151,386 151,386 227,872 Full cost recovery amounts from grants (core cost contributions from grants that relate directly to the project i.e.appropriate pro rata percentages of rent, support administrative salaries, overheads etc) are included within expenditure on charitable activities in note 8,thus reducing the costs in "other expenditure" in note 9, and in note 12"staffcosts".

This is stated Depreciation Independent	after charging. ' ofowned fixed assets Examiner's fee	2022 f 1,118 1,950	2021 f 1,118 1,950

Staff casts
	2022	2021
Salaries and wages	62,272	158,875
Social security costs	30,171	11,056
Pension costs	10,956	7,837
	103,399	177,768

	The average	monthly number af full time equi	valent employees during the year was	as follows:
			2022	2021
			Number	Number
	Direct charitable activities		3	2
	Fundrai sing
	Management	and
	administration
13	Tangible fixed assets
	Cast ar revaluation
	At 1April 2021			75,802
	At 31March	2022		75,802
	Depreciation	and
	impairment
	At 1April 2021			74,684
	Depreciation	charge for the
	year			1,118
	At 31March	2022		75,802
	hlet book values
	At 31March	2022
	At 31March	2021		1,118

14	Debtors
		2022	2021
	Trade debtors Other debtors	3,050 12,000	1,795 9
	Prepayments and accrued income	25,615	2,512
15	Creditors:	46,666	~,316
	amounts falling due within one year
		2022	2021
		6
	Trade creditors
	Other taxes and social security Other creditors		2,141 4,270
	Accruals Deferred income	46,992 82,150	1,078 7,143
		126,142	14,632

			Incoming
		At 1April	resources (including other	Resources expended	Gross transfers	At31 March 2022
		2021	gains/losses)
			E
Restricted funds:
Restricted income funds:
Dance Well /Linbury	Trust /
City Bridge Trust		30,000	48,743	(78,743)
ROAR - John Lyons charity /
BBCChildren In Need		25,636	17,100	(42,736)
National Lottery Heritage
Fund			/,203	(7,203)
ACE 8 UCL-Dancing	Brain/
Plastic Drastic Fantastic		9,500	54,060	(63,560)
Without Walls/ Pravaas		8,933		(1,348)		7,585
Barings / Feet First			34,501,			34,501
Community workshops			15,965	(15,965)
Total		74,069	177,572	(209,555)		42,086
Unrestricted funds:
General funds		174,620	238,486	(158,661)	(87,000)	167,445
Designated funds:
Strategic Development Dance Production Artist and Artform		17,495 54,527		(3,600)	22,000 50,000	35,895 104,527
Development		19,620			10,000	29,620
Community and Education		18,247			5,000	23,247
Total		109,889		(3,600)	87,000	193,289
Total funds		358,578	416,058	(371,816)		4II2,820

17	Analysis ofnet assets between funds
		Unrestricted	Restricted
		funds	funds	Total
		f	E	f
	Net current assets	360,734	42,086	402,820
		360,734	42,086	402,820
18	Reconciliation of net cash equivalents
				At 31
		At 1April		March
		2021	Cash flows	2022
		f	f	f
	Cash and cash equivalents	367,776	123,521	491,297
		367,776	123,321	491,297
	Net cash equivalents	367,776	123,521	491,297

Annual co	mmitments under non-cancellable	operating leases	are as follows:
		2022	2022	2021	2021
		Land and buildings	Other	Land and buildings	Other
Operating	leases with expiry date:			E
Over five	years	22,420		24,531
		22,420		24,531
Pension commitments
			2022		2021
The pension cost charge to the company			g		E
amounted	to:		78,356		7,837

				Unrestricted	Restricted
				funds	funds	Total funds	Totalfunds
				2022	2022	2022	2021
				E	E		E
Income and endowments		from:
Donations and ilegacies
Arts Council Dance Welf /Linbury	Trust/		City	218,956		218,956	218,9S6
Bridge Trust					48,743	48,743	65,470
ROAR - John Lyons charIty		/	BBC
Children in Need					17,100	17,100	30,000
National Lottery Heritage Move Well - Ageing Better ACE & UCL - Dancing Brain		Fund In Camden /			7,203	7,203	39,480 3,104
Plastic Drastic Fantastic					54,060	54,060	8,000
Pravaas —Without Walls							8,933
Barings / Feet First					34,501	34,501
Community workshops					15,965	15,965
Charitable activities				218,956	177,572	396,S28	373,943
Dance development Education and community				7,240		7,240	445 3,117
Investments				7,240		7,240	3,562
Bank interest				127		127	392
Other				127		127	392
Other donations Theatre Tax Relief				163 12,000		163 1,2,000	821
				12,163		12,163	821
Total income and endowments Expenditure on:				238,486	177,572	416,058	378,718
Charitable activities
Dance development Education and community				10,585	209,555	220,140	16,8S5 118,896
Governance costs				10,585	209,555	220,140	135,751
Trustees' meeting costs				290		290
				290		290
Total ofexpenditure on	charitable
activities				10,875	209,555	220,430	135,751

Other expenditure	Other expenditure	Other expenditure
Advertising and corporate
fundraising			6,250	6,250	3,471
Employee costs			6,250	6,250	3,471
Salaries/wages Employer's FIIC Pension costs Staff recruitment Staff training			62,272 30,171 10,956	62,272 30,171 10,956	150,626 11,056 7,837 1,116 543
Staff welfare Temporary staff					1,996 4,594
Motor and travel costs			103,399	103,399	177,768
Travel and subsistence			2,034	2,034	1,454
Premises costs			2,034	2,034	1,454
Rent Rates			3,653	3,653	22,560
Premises insurances			2,05/	2,057	1,971
General admInistrative		costs,	5,710	5,710	24,531
including depreciation		and
amortisation
Depreciation Bank charges General insurances Postage and couriers			1,118	1,118	1,118 546 2,723 16
Software, ITsupport		and
related costs			7,705	7,705	6,729
Stationery and printing					92
Subscriptions			3,413	3,413
Sundry expenses			8,569	8,569	1,436
Telephone, fax and	broadband		1,427	1,427	1,512
Legal and professional	costs		22,232	22,232	14,172
Audit/Independent
examination fees			1,950	1,950	1,950
Accountancy and bookkeeping			1,038	1,038
Consultancy fees Other legal and professional			8 773	8,773
costs					4,526
			11,761	11,761	6,476

Akademi South Asia	n Dance VK
Detailed Statement	of Financial Activities
Total ofexpenditure costs	ofother	151,386		151,386	227,872
Total expenditure		162,261	209,555	371,816	363,623
Net gains on investments
Net income		76,225	(31,983)	44,242	15,095
Net income before	other
gains/(losses)		76,225	(31,983)	44,242	15,095
Other Gains
Net movement in funds		76,225	(31,983)	44,242	15,095
Reconciliation offunds:
Total funds brought	forward	284,509	74,069	358,578	343,483
Total funds carried	forward	360,734	42,086	402,820	358,578