Akademl South Asian Dance UK Charity No. 1107249 Company No. 05294528 Trustees, Report and Unaudlted Accounts 31 March 2024
Akademl South Aslan Dance UK Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activitjes Summary Income and Expenditure Account Balance Sheet 2to20 21 22 23 24 Statement of Cash flows 25 Notes to the Accounts 26to35 Detailed Statement of Flnancial Attivities 36to37 Page I
Akademi south Aslan Dance UK Trustees Annual Report The trustees are pleased to present their annual report together with the financial statements of the charity for the year ended 31 March 2Q24 which are also prepared to meet the requirements for a dlrectors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Artlcles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to ch2ritie5 preparjng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffettive l January 20191. Reference and Administratlve Details Akademi South Asian Dance UK is a registered charity (number.. 1107249) and the company number Is.. 05294528, Prlnclpal Office Old Hampstead Town Hall 213 Haverstock Hill London NW3 4QP Registered Office Old Hampstead Town H311 213 Haverstock Hill London NW3 4QP Directors and Trustees The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year,. Ann David Anu Kapoor Caroline Casev EmilyJenkin5 Hannah Dye Keith Khan (Chairl Prakash Kurup Rachel Harris Sarah Robson Shravan Sood Company Secretary Rachel Harris Treasurer PrBkash Kurup Page 2
Akademl South Aslan Dance UK Trustee5 Annual Report Accountants Luna Muncaster Ltd 40 Vera Avenue Grange Park London N21 IRG Bankers Natlonal Westminster Bank Bloomsbury Parr Branch PO Box 158 214 High Holborn London ECIV 7BX Solicitors Russell Cooke Solicitors 2 Putney Hill London SW15 6AB structure, Governance and Management Akademi is a company limited by guarantee and governed by a memorandum of association which was updated on l December 2021. Trustees, Indemnity Insurance was purchased during the year. Akademi conducts an induction for new trustees and provides on-going training throughout their time as trustees. Trustees hold four f ull board meetings a year and take part In sesslons dedicated to the strateglc development and f uture vislonlng of the organlsation annually, The board is supported by subgroups with specific roles as follows: Flnance & General Purposes (F&GP)- an existing group conslstlng of the Joint CEOS and 2 board members (including the Trea5urerl to analyse and approve quarterly management accounts ahead of each board meetingi review company policies (such a5 equal opportunities, safe8uarding and environmentall, oversee and advise on HR, annually review remuneration for staff salaries and freelancers, fee5. Strateglc Development Group (SDGI- a group consistlng of 3 board members lincluding the Chairl and the Joint CEOS to monitor formal governance, monitoring of this business plan, risk register and mitigations, and adherence to the Arts Council England Investment Principles. Page 3
Akademi South Asian Dance UK Trustees Annual Report Artlst Advlsory Group (AAG)- a group consisting of 5 external freelance artists working within the form of South Asian dance who meet quarterly with the Joint CEOS - note that these individua15 are not Trustees and that their time is appropriately renumerated: -Anusha Subramanyam -Jane Chan Parbati Choudhury - Shyam Dattanl Vidya Patel The AAG represents the voices of the freelance artistic community wlthln Akademi's planning and decision-making ensuring relevance to the wider settor. The group comprise artists of colour IIOO%I, emerging artists140%1, LGBTQl+ artists120%1 and Is 8(YA female. A board member is present at most AAG meetlngs to ensure communication of artists, opinions, ideas 3nd experlences to the wider board, ensuring these voices impatt at board level and that AAG input is minuted as part of the official board papers. As this Is the second full year of this cohort it 15 anticipated that the AAG membership will be rotated in 2024. Major Rlsks Akademi's major risks are principally the withdrawal of f unds by any of our major funders, including public bodies. Steps have been taken by the Trustees to ensure that there Is regular dialogue with Arts Council England 2nd that a fundraising strategy to diversify our income streams is PLJt in place. Akademi has a comprehensive risk analysis which is avallable on request. System5 have been established to enable and ensure regular report5 are produced so that the necessary steps can be taken to lessen these risks. ANNUAL REVIEW Oblectlves The objects for which the Company is formed are to advance the arts for the public benefit, in particular bv the promotion of South Asian dance forms, and generally by the promotion of the performing arts. Akademi makes vibrant. fascinating, and meaningful South Asian dance. We use the compelling power of storytelling, rhythm, and gestures to create deeper connections with each other and our wider world. Care is at the centre of all that we do. Akaderni has been the beating heart of South Asian dance in the UK since 1979, and our vision 15 that South Asian dance 15 a vital part of everyone's creative expression. Since Akademi'5 formation by renowned South Asian dance performer and teacher Tara RaJkum3r OAM, and the Work of Artistic Director Mira Kaushik OBE from 1988-2019, we have grown into the UK'S leading dance organisation dedicated to developlnE South Asian dance at the highest level. Akademi 15 known for our world-class dance performances and groundbreaklng wellbeing programmes. Our work is for everyone, and we bring our work to our communities. You can find us in everyday places from theatres, parks, shopping centres and festivals to hospitals, care homes and schools. Through the captivating forms of South Asian dance like Bharatanatyam and Kathak, we bring joy, inspiration and hope to people's lives. Page 4
Akademl South Aslan Dance UK Trustees Annual Report The artlstic communlty we work with are our collaborators and partners. We engage with internationallv recognised dancers, choreographers, and artists to nurture the future generation of South Asian dance form leaders. We collaborate with environmental, science and health specialists to share stories of the socletal and scientific issues of our world today. Akademl's work generates slgnlf Icant publlc benefit across the Interconnected areas in which it operates Including community engagerhent, performance, and artist development. Our beneficiaries are wide ranging. They include older adults, hospital patients and NHS staff, children and young people, those who are Black, Asian minority ethnic, disabled people, low-income fami lies, people with Special Educational Needs, South Asian dance professionals, artists and their collaborators and aspiring dancers and creative5. "We put care at the centre of everything that we do at Akademi. Caring deeply about dance, the people we work with and the artists and creatives who make work, we care about the planet and our future and we care that as many people as possible can partlcipate and benefit from the joy ofsouth Asian dance." Sub Subromaniam, Artistic Director & Joint CEO, Akodemi. Akademi's Manlfesto Akademi's Manifesto is a new statement developed by the Joint CEOS in consultation with the Trustees and independent Artist Advisory Group. The Manifesto represents Akademi's public declaration and commitment of our aims and values. Our creative programme will be driven by societal and scientif ic issues that are relevant and resonant to the now. The dance artists we work with are our collaborators and cocurators and we will actively engage with them to nljrture the future generations Df dance leaders and create work of high artistic quality. • Our learning and participation programme will be underpinned by research to ensure clance impacts the physic31 and mental wellbeing of our communities. • We will actively seek opportunities for people of all cultures, abilities, and ages to access South Asian dance. Every new work will seek to factor In Inclusivity and access. We will endeavour to listen to our communities to plan and devise all new learnlng and participation programmes effectively in collaboration wlth our artists and participants. Our work will engage with dance artists and communitles through partnerships with organisations across the country. We are committed to this manifesto. We will listen to our communities, be responsive and evolve with our changing times. Publlc Beneflt The Trustees conflrm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general 8uidance on public benefit. Page 5
Akademi South Aslan Dance UK Trustees Annual Report Principle funding sour5 The principal funding sources for Akademi's work are Arts Council England {ACEI, Paul Hamlyn Foundation, Clty Bridge Trust, The Llnbury Trust, BBC Children In Need, other grants from Trusts and Foundations, performance and contract fees and income from workshops and commission5. As an Arts Council England National Portfolio Organisation, ACE SLJPPOrt5 Akademi's core salary costs for delivery of an agreed artlstlc programme. Our income from grants, commlssions and earned sources supports the appreciation, knowledge of and community, education, and health participation in South Asian dance for the public directly through performances and participatory engagement and workshops, Akademi'5 activities, approach, plans and manifesto throughout 2023/24 demonstrated our strong alignment with ACE'S current strategy- Let's Create Outcomes of Creative People, Cultural Communities and A Creative and Cultural County; and their Investment Princlples IIPS) of Inclusion and Relevance, Ambition and Quality, Dynamism and Environmental Responsibility. CREATIVE PROGRAMME 2023124 Akademi's creative programme is led from our core aims of health & wellbeing, environmental and climate emergency awareness, and research- all delivered by the means of South Asian dance performances and Interventions. In 2023124, this work was developed and cemented through our entire creative programme,. carried out through our productions and tours of two new shows - Pravaas and Plastic Drastic Fantastic - and Learning and Partlcipations programme areas of Dance Well, Reach Out and Reveal, Feet First and the development of new schools, young peoples, and community projects. All of Akademi's portfolio of work is underpinned by our commitment to support and provlde employment for independent South Asian dance artists, plus aLJdience development and advocacy for South Asian dance forms on local, national and international scales. Productions Akademi's new touring produttions, Pravaas and Plastic Drastic Fantastic are both inspired by our commitment to awareness building through performance and creativity in response to the global climate emergency and sustainable 3Ction. Pravaas Building from development and research carried out in 2022/23 by Akademi's Art15tic Director Suba Subramaniam within the Sundarbans area of India, Akademi produced and toured Pravaas (meaning 'migration'l - a new outdoor dance and vocal performance based on climate migration, funded though Without Walls and supported by 101 Creation Space. Page 6
Akademl south Aslan Dance UK Trustees Annual Report Pravaas is inspired by stories of the people of the Sundarbans - a cluster of low-lying islands in the Bay of Bengal, spread across India and Bangladesh. Sundarbans is the world's largest contiguous mangrove forest and is a designated world heritage site, The habitat supports approximately 4.37 million people. Due to climate change the Sundarbans faces several challenges, With rising sea leve15, islands and homes are disappearing and the increasing salinity in the water and soil has severely threatened the health of mangrove forests and the quality of soil and crop5. Additionally, there have been serious disturbances to hydrological parameters and change in fishing patterns, resulting in disastrous consequences for fishermen. Frequent cyclones and erratic monsoon raining pattern are damaging the ecology and humanity. Pravaas featuring a cast of three dancer5 and Carnatic vocalist, was choreographed by Vidya Patel with Artistic Direction from Suba Subramaniam. Pravaas toured to Norwich and Norfolk Festival, Brighton Festival and Inslde Out Dorset {as part of the Without Walls outdoor touring network) and also to Regents Roots Festlval las part of Camden South Asian Heritage Month, London) and Stockton International Riverside Festival, with audience numbers of approximately 2200 people. Pravaas was performed across three outdoor sites per festival, involving cast and audience walking from site to site with the audience encouraged to help carry bamboo Structure to represent the migration and movement of comrnunities due to the climate emergency. Audience feedback was overwhelmingly positlve with a significant amount of people commenting on the themes of the show: 'Enlightening, absorbing and relevant to today. "Mesmerising, emotional and clever." "The movement of people,. joyous, reflective, full of InteErity and powerful,. I got really emotional when she asked me to hold the pole (set structure). That thought of being in a safe place, then it's not safe anymore, really got to me." Audience members, Pravaas. Set and costume design, and touring processes and loglstlcs were all subject to rigorous sustainable practice and a green rider and sustainable working report was created as part of the project. Audio description was offered as part of the touring package for audiences. The creation and touring of Pravaas project involved 18 freelance artists and creative5. Akademi plans to tour Pravaas again with the U K in 2025 and is Investigating potential international links and opportunitie5. Plastlc Drastlc Fantastlc Following a successful run at Polka Theatre, London, in Spring 2022, Akademi was Successful in securing an additional Arts Council England Project Grant for a UK tour or Plastic, Drastic, Fantastlc - our dance show for children and their famllles exploring pla5tiC5, climate issues and sustainabilitv. Page 7
Akademi South Asian Dance UK Trustees Annual Report Produced in house by the Akademl team, Plastic Drastic Fantastic toured in autumn 2023 performing 22 shows across Harrow Arts Centre, Great Ormond Street Hospital London, Pegasus Theatre Oxford, The Place London, Dance East Ipswich, Dance Woking and Warwick Arts Centre and to four primary schools throughout the Leicester area in partnership with Spark Arts. Akademi promoted a 'slow tourinl model whereby the company held mini residencies at m05t venues to provldlng a menu Df wrap around activitie5 such as schools and family workshops, relaxed performances, workshops for Special Educational Needs pupils and Q&A sessions with scientists as well as the production's cast and creatives. Total audlence figures were 1666 with 792 children / young people taking part in workshops and particlpatory events. This touring model proved successful with venues and audiences alike. Through the slow touring 3pproach, Akaderni was able to work deeper with venues, and their communities and audiences to bulld meanlngful connettions through our work. A particular success was the achievement of reaching schools audiences and SEND young people. Akademi's investment and care into this provision (such a5 providing sensory cushions for audience members who may be D/deaf or hard or hearing and a relaxed information pack) proved extremely successful in nurturing young and diverse audiences. This has influenced our partner venues; as a result of the relaxed performance (which drew more patrons than the non-relaxed performance) Harrow Art5 Centre is now nurturlng their relationships with SEND audiences: "3-4 yeors ago we would not have offtred G relaxed perfvrmance, a5 0 result of Plastic Drastic Fantostic thot oudience 15 clearly growing. Matthew Wright, Harrow Arts Centre. The produttion was also successful in making connettions to climate action initiatives for children and young people, and the scientific community. This was realised in both Oxford and Warwick with emphasis on forming additlonal partnerships allled to the venue5 at l F Oxford Science Festival via Pegasus Theatre and Museum of Oxford and Planting Roots FestlV31 with University of Warwick. We successfully continued to develop our sustainable working policy by reusing existing materials for the new costumes, sourcing sustainable set materia15, minimising travel emissions and working with a green rider. This is under continued development and is embedded into our entire production prattice. "The children were wutching so Intently. You could have he(7rd a pin drop, they were oll so absorbed" Teacher from schools performance at Dance East. 'The messoge really got across. Reolly brilliant, It makes me feel badfor every time I've drunkfrom a plt75tic bottle. It wos beoutifvl." Audience member, Harrow. Akademi has received enquiries for future touring of Plastic Drastic Fantastic for 2024125 from UCL London, Southbank Centre London. Learning & Participatlon ProEramme Akademi's Learning & Participation programrne continues to go from strength to Strength, consolidatlng and deepening the impact of our work within SEND schools, in hospita15 and care homes and with older adults. Page 8
Akademi South Asian Dance UK Trustees Annual Report 2023/24 saw developments with the scope of our monitoring, evaluation and research frameworks, plans for new projects with mainstream schools, new commi55ions to work with diverse young peoples, groups and a major pilot with young mental health patients. Akademi is being recogniied as pioneers of South Asian dance wlthin health and education settings in the UK, and we are actively working to widen and build our profile in this area and continue to develop the skills of South Asian dance 3rt15ts to deliver this important work. Dance Well- Akademi's participatory and performance programme which alms to Improve the health and wellbeing of people in the UK through the medium of South Asian Dance. Dance Well is delivered for people of all ages and abilities in a range of clinical and community settings including hospitals, care homes and community centres. Dance Well aims to encourage participants take part in more cultural and exercise activities, to help participants self~manage their chronic conditions through incorporating exercise into their daily routine and to positlvely Impatt patients, and staff wellbeing, social engagement and mental stimulation. In 2023/24 across our two regular London hospitals IChe15ea and Westminster and West Middlesexl we have fulfilled over 110 full day dance and movement sessions reaching nearly 1250 individual participants in wards and a further 400 with atrium performances. Our partnership with Breathe Arts and Health has continued at Guys and St Thomas, Hospital with 2 performance and workshop events for patlents and staff. We have continued to perform in London hospital grounds and atrium spaces at St. Thomas's, including a special performance for their Diwali event and at St Bartholomew's as part of their 900th year celebrations. Across our four re£ular care homes and community centres (Holborn Community Centre, Wellesley Road Care Home, Spring Grove Care Home and Third Age Project Camden) focusing on movement work with older people we have delivered 144 workshop days with total engagement figures lincluding an increase in repeat participants) of 1900 for approximately 300 individuals. "I'm so happy thL7t you're continuing the clos5es. Last time I had a class with you, the next doy I was so fvll of energy undfelt like I con move, I reallyfeel like these movements you have shown me have helped me a lot Participant returning after initial outpatient session at Chelsea and Westminster Hospital. Across 2023124 Akademi's Dance Well programme employed 11 freelance South Asian dance form artists and included shadowing and training opportunities for artists to develop their skills and experience in working within community settings and hospitals. Dance Well is funded by The City Bridge Trust and the Linbury Trust. 2023/24 Is year 2 of a 3-year funding cycle for the Linbury Trust and year 2 of a two-year extension from City Bridge Trust which brings the full investment from City Bridge Trust to 5 years. 2024 will see strategies to establish new funding opportunities for the continuation and development of Dance Well. Page 9
Akademl South Aslan Dance UK Trustees Annual Report National Expanslon of Dance Well In 2023, the Executive team secured a new grant from Create Equity / Mewe360 of £40K for capacity building to begin expansion of Dance Well in hospita15 to regional areas. Research has been undertaken to Identify target areas where Akademi can build new relatlonship5 Wlth NHS Foundation Trusts and build a supply chain of new SoLJth Asian dance form artists to train and deliver into regional areas. In 2024 Akademi will recruit appropriate consultancy to build this expansion and network Akademi further into the Arts and Health ecology nationally and to secure new NHS contracts for Dance Well delivery. Reach Out & Reveal IROaR)- Encompasslng SEND Research Project Delivering South Asian dance workshops and Interventlons to pupils with Special Educational Needs / Disabllltles (SEND). Reach Out & Reveal aims to support the physical, emotlonal and communication needs of children and young people with Autistic Spectrum Disorders and SEN D. Specialist Akademi practitioners provide weekly dance and movement Sessions across partner schools, working closely with school and teachlng staff. The unique movement vocabulary of South Asian dance provldes participants with platforms for self-expression, creativity and enlivened social interactions, while fostering their core emotional development. The programme champions and evaluates new approaches, cultivating knowledge transfer opportunities between teaching professionals and dance practitioners. SEND Schools, and youth setting partners: Papillon House School, Tadworth, Surreyi Manor School, Brent and The Avenue School, Brent. Across 2023/24, Reach Out & Reve31 delivered 125 days of workshops- reaching up to 120 pupils per day across the three schools with 2 specialist SEND experienced South Asian dance artists delivering workshops. Of these days, 27 featured shadowing by 3 ROaR artists-in-training to expand the capaclty of the programme and develop new skilled artists within these settings for future work with SEND children. Two of these artists-ln-training have progressed and develop significantly in expertise and confldence to now co-lead sessions at Avenue School lin collaboration with the lead artist). This has been a huge positive outcome, highlighting continuous growth and learning among the trainee artists. The third artist-in-training continues to support and learn from lead artists at the other two schools. Akademi intends to continue to develop the training programme with our trainees over the next phase of the project in 2024125. The impact of ROaR on the SEND schools and their pupils ha5 been signlflcant in 2023124. Evaluation has identified case studies evidencing real impact across the three key aims of the programme al young people will have increased creativity and 5elf-initiation of expressive movement, bl young people will have increased and enlivened social interactions, and cl young people will have Stronger core emotional development. Page 10
Akademl South Aslan Dance UK Trustees Annual Report D reached o mrlestone today with the leg movements os they normally requlres GSSlStance dolng the movements, however, today they lifted their legs inclependently und completed the whole leg sequence. This shows thot they understond instructions given to them. They were also able to do one of the orm extension variatrons Wlthout assistance which again shows o lot of improvement in their listening and movement skills. The aim of the clas5 today wo5 to get the students to engagefor o longer period and to focus on extension and strength. N hos improved throughout the weeks where they ore getting stronger with pushing and pulllng but olso roising their orms when we do the bht7ngra urms. K Is Improvrng with their engagement t7nd H Is also porticiputing without getting agitoted. Z and A are keen to do the movements when you are looking ot them directly und need a bit more encouragement but once they do the movements it Is cleor and shows unclerstanding of whot is asked of them. Though Bollywood they Gre (Tble to strengthen their explosive ond dynamic moves, Funded by the Paul Hamlyn FoLJndation, 2023124 is the second of three years of the ROaR research projett whereby Akademi has commissioned two academic researchers, Claire Farmer and Ashley McGill from Roehampton and Mlddlesex Universities, to develop a peer reviewed research paper on the impact of the programme for SEND young people and their schools. Following pilot data collection in 2022-23, our researchers were able to develop renewed ideas, methods and frameworks that would work effectively with this group of learners. We now have a successful, in progress evaluative framework from which to gather the appropriate data from the artists, and teachers, observations. Over the next year of the programme we aim to expand the activity into a fourth school as planned, to provide the benefits of the programme to more pupils. We will continue to develop our trainee artists expertise through supporting them as facilitators and providing further formal CPD opportunities. We aim to work with partner schools to embed South Asian dance techniques 2nd exercises further into the school curriculum, ideally hosting l NSET days and f inding opportunities to work wlth teachers dlrectly. Flnally, we hope to be able to present our full research report at conferences and within educational hubs to dlssemlnate the learning from this hugely important project when it is complete in 2025. Feet Flrst- A platform for South Asian dance artists to train to work wlth young people wlth mental health Issues. Funded by The Baring Foundation, Feet First W85 a new pilot project to provide a platform for South Asian dance artists to train to work with young people wlth mental health issues. Akademi employed two South Aslan dance artists to undertake training and deliver workshops for young in-patients at Snowsfields Adolescent Unit, Maudsley Hospital, London. 10 workshops were delivered for the young participants, supported by the unit's Occupational Therapist5, Wlth up to 5 participants engaging in each session. Further artlst support, tralnlng and mentorship was provided by Feet First clinical consultant, psychiatrist Dr Partha Banerjea.Feet First has developed Akademi's dance artlSt5' practice in this specialist area of Child and Adolescent Mental Health interventioni providing us Wlth a small, skllled workforce to develop this specialist work in the future. Page 11
Akademl South Aslan Dance UK Trustees Annual Report East London Glrls Dance. As part of a dance project to tackle inactivity amongst London's teenaEe girls, Akademi delivered free South Asian dance session5 for groups of up to 10 11-14 year-old girls at Spotlight in Tower Hamlets, London. Funded by Sweaty Betty Foundation & London Sport, the workshops helped to improve acce55 to dance and address the key barriers to aotivity. The project transformed local community spaces into actlvity hubs providlng difference dance types- including Af ro Beats, Hip-Hop, Modern, and Bhangra-inspired genres - to support young women improve their relationship with physical activity and build an active habit for life. Commissioned Performances & Community Events Akademi has been commissioned to curate and present a variety of performances and workshop5 at key community venues and public facing events. These events provide many different platforms from which to take South Asian dance to the wider public 2nd local communities, often wlth participatory workshops whereby communities can get involved and learn South Asian dance movements. These events also provide much needed performance and freelance employment opportunities for our South Asian dance artists. Commissioned performances and community events also diversity Akademi's Income stream and raise our public profile. In 2023124 Akademi curated and/or provided performers for the following: - Commons Dance FeStval - Stanley Arts, Croydon, London- 200 partlcipants. - Tiffinwalli's Celebrating South Asian Home Food Culture event, Stratford Town Hall, London- 120 participants, Devonshire square, London, Coronatlon Celebration - 200 aLJdience Music, Memory and Meaning at UCL Bloomsbury Theatre. London. A collaboration with a Research Fellow at the Alzheimerfs Society, investigating the impact of music and dance on people with dementia - 150 audience. Regent'5 Roots Festival- Old Diorama Arts Centre & Camden Council, London. Akademi's Dance Well group from Holborn Community Association worked with Akademi's artist Jesal co-create and perform two dance pieces and deliver a drop-in comrnunity workshop. Audience 150. - Soho House, Birmingham Museums - a day of inclusive drop-in workshops for museum audlences to celebrate South Asian Herltage Month in Birmlngham. V&A Family Festival, London. A series of Bharatanatyam performances and workshops for family audiences as part of the museum's summer festival- 150 participants. Wandsworth and Richmond Councils, London. South Asian Heritage Month staff celebration - 24 participants Page 12
Akademl South Aslan Dance UK Trustees Annual Report Devonshire Square Diwali Celebrations, London. Curating up to 5 different South Asian dance artists1 groups. Audlence 150- 200 people. Diwali celebrations at National Maritime Museum - audience approx. 800 people. Claremont Project, Islingtort, London. Dance performance5 and workshops for 01der adults, 43 participants. Dialled in Festival, Walthamstow London. Performances and workshops- 20 participant5. South Asian Carers- Wandsworth London. Performances and workshop- 25 participants. Research & Higher Education Development In 2023124 Akademi has continued to develop our Research and Higher Education connettions as one of our main focus areas. As well as our formal research project for Reach Out & Reveallsee abovel we have collaborated with the Centre for Dance Research at Coventry University to apply for a PhD for an artist to explore how climate change and sustainability permeates through the whole of Akademi's work. If successful, the PhD will start in 2025. Akademi was also approached by Dr Kathryn Stamp, Assistant Professor (Research), Centre for Dance Research at Coventry University for a Dance Well Ihospita151 case study to include in her new book on dance in health. Our tour of Plastic Drastic Fantastic connected with the science department of Warwick University for post-show Q&A sessions and we have interest from University College London to present the show Wlthin their space in 2024. International Connections Akademi partnered with Beyond Bollywood, a Hong Kong based South Asian dance company, in a residency exchange and research programme. Akademi's Artistic Director mentored and co-choregraphed a work that brought together five Beyond Bollywood dancers from the UK and Hong Kong. The dancers were trained in traditional Chinese dance, Bharatanatyam, and conternporary dance.This new work was then performed as part of the Fold Festival in Worcestershire and the 9th Bollywood and M ulti-cultural Dance Festival, Athens. Greece. Akademi also provided Beyond Bollywood's Director Benis Cheng with mentoring advice on organisational sustalnability, strategic development and capaclty bullding from both the Executive Director and Marketing Manager. Page 13
Akademi South Asian Dance UK Trustee5 Annual Report Akademi's Artistic Director, Suba Subramaniam was invited by Bill Gee and Kate Wood from Inside Out Dorset Festival to attend Oerol Festlval. Terschelling Island, Netherlands.Alongside the festival, there was a professional programme for artists and prograrnmers on White Supremacy and Decolonising Climate Justice. The festival presented 3 good opportunity for international artistic connection and future Pravaas touring. Akademl is In talks with the University of Southern Mississippi, USA around the posslbillty of staging a version of Plastic Drastic Fantastic with local student cast members from the University. This is in response to their own work to build awareness of the climate emergency within their Mississippi communitie5. Artist Support & Mentoring / Sector Development As part of Akademi's commitment to supportlng Independent South Asian dance artists we continued our rolling mentoring programme. Delivered by Akademi'5 Artistic Director, with 5UPPOrt from the wider team, mentorlng comprises artist surgeries to discuss creative processes, funding support (funding application advice, in kind marketing Support and f inancial contribution), on demand creative advisory sessions, and guidance for artists, making processes. Artists supported by Akademi's staff team this year included: Archana Ballal, Shyam Dattani, Suhani Dhanki, Aishani Gh05h, Mithun Gill, Dlvya Kasturi, Mathangi Keshavan, Hiten Mistry, Divya Ravi and Tulani-Kayani Skeef. Throughout 2023124, Akademi partnered with Sadler's Wells on a South Asian dance development programme, Ei8ht UK based South Asian dance artlsts were chosen from an open call to be part of XXX weekend intensives featuring guest speaker5, internationally renowned practitioners and facilitated workshops. Facilitators and speakers included, Orrow Bell, Rosemary Lee, Tim Casson and Crystal Pike. The development programme has provided space for in-depth discussions around process and making arts for different spaces. Akademi is supportlng a new international South Asian dance sector series of symposia 'South Asian Dance Equity ISADEI: The Arts British South Asian Dance Ignores" curated by Dr. Royona Mitra (Brunel University), Dr. Prarthana Purkay3Stha (Royal Holloway Unlversityi UK) and Dr. Anusha Kedhar Iuniversity of California, Riverside, USA). Akademi hosted the online project launch with the theme of South Asian Dance and Decentring Indla which was attended by 58 participants. Page 14
Akademi South Asian Dance UK Trustees Annual Report Dlgltal, Marketlng, Audience Development Annual dlgltal summary Facebook Instagram Twltter YouTube Website Total Reach.. 50,700 166% of the target reached Reach.. 32,630 1040h of the target reached Total Impressions: 17,987 43% of the target reached Impressions.. 2,611,374 704% of the target reached Unlque views.. 23,760 Engagement.. 2105 76% of the target reached Interactions: 2748 1460h of the target reached Engagement: 572 53% of the target reached Views: 257,896 705% of the target reached Vlews: 115,355 Total Followers: Followers: 2750 93% of the target reached Total Followers: 3394 83% of the target reached 5055 Subscribers: 3450 136% of the target reached Total visitors.. 21,860 84% of the target reached Annual reach and engagement summary {across all digltal platforms} Reach Engagement Target 2,660,386.4 193,234.6 Attuals achieved 4,468,434 419,493 0/0 achieved agalnst target 2170/0 Includes the data from table above along with platforms Ilke Campaign Monitor, Linkedln. Also Includes figures for the Apotheosis film on British Museum's YouTube. Key polnts and addltlonal data Akademi underwent a rigorous process of comms development resulting in the launch of a new website in summer 2023. The engagement wa5 high at 115,355, The average session duration on the new website has increased by 127OA to I min 52 sec which is a signif icant achievement of its new content and design. Page 15
Akademi South Aslan Dance UK Trustees Annual Report Website traffic channel - Primary channel had 9310 sessions resultlng from organic search i.e. when people have searched for Akademi or South Asian Dance, etc., 5059 from direct URL which means people have specifically decided to visit the website, 433 through referral websites that have our website address mentioned, 167 from finding the website on organlc social media posts. New users from channel: 6765 sessions from organic search, 3612 from direct, 1435 frorn referral. These flgures suggest that our SEO settings are working well, and we have some genuine traffic arrivlng at the slte. We have not considered the website data comparison to last year as data from the old webslte was skewed due to higher bots vlsit. We transitioned to Google Analytics 4 at the start of its launch, which means we will have a more accurate year-to-year comparison for the reporting year 2024-25, We have surpassed our annual digital reach targets IIOOA increase on 2022-231 by 168%. The engagement figures showed an LAnusual spike at 217% due to the high engagement on our YouTube channel as well as the new website. Engagement has been low on Facebook and Twitter whereas YouTube and Instagram have exceeded by many folds in both reach and engagement. Traffic and demographics of YouTube users - Traff ic source: 66.4% from suggested videos that appear at the end of other related videos, 23.3% from Browse feature of YouTube. Geography.. 45.3% from India, 19.9Y. from Pakistan, 10.2% from the UK. We aim to increase the reach in the UK in the coming reporting year. Viewers age: 29.5% of the viewers are 65+ years, 21.2% 55-64 years, 14.5% 45-55 year5, 13.5% 25-34 years. To target a younger audience who consumes short form content, we'd concentrate on creating YouTube Shorts. Gender: 68.6% Male and 31.4% Female Subscription: 99.2% of views were from unsubscribed users, therefore our content is reaching far and wide beyond our subscribers. Akademi's Apotheosls fllm on British Museum YouTube has increased its reach across the year to 1.6 million vlews, 22,000 likes, 3676 comments hence the high youtube results in the above table. Environmental Responsibility Akademi recognises the imperative for arts organisations to do their part to develop environmentally sustainable operation5, acknowledging the UK government's updated aims to reduce all greenhouse Eas emissions to net zero by 2050, compared with the previou5 target of at least 80% reduttion from 1990 levels (source: www.gov.ukl. Page 16
Akademi South Asian Dance UK Trustees Annual Report We also recognise that environmental sustainability is important from a business perspective as well as an ethical one and we are committed to minimising the impact of Akaéemi's programme and business practices on the environment. Our environmental responslblllty Is emphasized throuEh our creative production themes which are aimed at raising awareness on Issues such 35 the impact of harmful materials on the environment and climate change and its consequence5 for climate migration. INe are committed to uslng sustainable production practices such as the re-use of props and costumes and take active steps to ensure that these practices are written into contracts wlth artists and partner settings. In 2023/24 we continued to develop our aims around our envlronmental responsibllity as follows- To contlnue to embed the themes of envlronmental responsibility in the creative output of our production work Icurrently Pravaas and Plastic Drastic Fantastic) to raise awareness, educate and Instlll a sense of practical positive action in audiences to tackle the environmental crisis. To ensure our production processes are sustainable, developlng green riders and best practice policies in sustainability for outdoor work and touring methodologies. To follow our environment impatt policy to reduce carbon footprint In all areas of our off ice environment and administration - encouraging our building manager to review and improve building sustainability. To build environmental impact statements and considerations in contracts and discussions with our wider f reelance workforce - for example making provlsion, f unds and time for publlc transport rather than car travel. To encourage sustainable activlties within our staff and associated artists and to actively support endeavors such as lending costume and equipment for reuse. One of Akademi's aims with our tour of Plastic Drastic Fantastic was to connect to climate action initiatives and the scientific and education community. This was realised in both Oxford and Warwick with emphasis on forming additional partnerships allied to the venues, through the IF Oxford Science Festival via Pegasus Theatre and Museum of Oxford and Planting Roots Festival with University of Warwick. Finally Akademi was awarded the prize of the 'Green Award, for Pravaas at the One Dance UK annual awards. Page 17
Akademl South Aslan Dance UK Trustees Annual Report Future Development and Funding Arts Council England National Portfolio Organisation funding continues with an excellent relationship with our Arts Council England Relationshlp Manager. 2023/24 15 year one of four years as ACE has added an additional year to the 3-year tunding cycle. Akademi's risk rating continues to be classed as 'low'. A second phase of our work to take South A5i3n dance to schools in Brent was successful with the creation of 'Maitri-Too', funded by the John Lyon's Foundation for two years £51,200. Akademi secured over £22K in hospital trust and commissions income for Dance Well service5. City Bridge Trust funding draws to a close in Aprll 2024. Llnbury Trust funding enters year 3 of 3 in 2024/25 and Paul Hamlyn Foundation funding completes in September 2025. Akademi's CEOS have establlshed routes for new funding opportunities and a plan to apply for continuance funding for existing projects and new production opportunities. Financial Review Full detalls of the income and expenditure are set out in the financial statements. All funds have been applied in direct furtherance of Akademi's aims. At 31st March 2024, The unrestricted reserves are £463.Ok. £257.9k of these are designated funds leaving free reserves of £205.1k. The charity does not hold any of its reserves in investments. Surplus cash is held In a 90-day notice savings account and 5hort-term bank deposit account5. Akademi continues to exert tight control on expendlture and identified a number of areas of saving during the year, making signif icant use of charity discounts. Reserves policy Akademi needs reserves in order to meet liabilities in the event of being unable to secure funding, factors beyond Akademi's control such as the decision of a funder to cease funding, failure of a partner organisation or other debtor. Free reserves are defined as income that becomes available to Akademi and is to be spent at the trustees, discretion in furtherance of Akademi's objective5 but which is not yet spent, committed or deslgnated. Page 18
Akademi South Asian Dance UK Trustees Annual Report The reserves policy is reviewed annually by the trustees, with the most recent review in June 2024. The review 15 managed by Akademi's Executive Director and takes into account project cash flow forecasts and risk assessment. As a result of the latest review the Trustees authorised f und transfers tota Iling £lOO,000 from general reserves to designated reserves for f inancial year 2024125 as follows: Artistic Development £30,000, Strategic Development £15,000 and Community and Education £55,000. The Executive Director presented the rationale for the transfers based on planned projects across the above categories which was approved by the Board of Trtee$. Akademl reviews its reserves policy annually taking into account current operating costs and risks assoclated with income required to deliver our busines5 plan objectives, Trustees have assessed that a reserves target equivalent to 6-9 months, core operating costs (approximately £25,000 per monthl Is prudent In the current financial climate, and this is backed by a review of income risks for 2023-24, The reserves target is therefore £150K- £225K. Statement of trustees, responsibllltles The trustees (who are also the directors of Akademi for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting standards (United Klngdom Generally Accepted Accounting Practice), Company law requires the trustees to prepare financial statements for each financial year, Under company law the trustees must not approve the financial statement5 unless they are satisfied that they give a true and fair view of the state of affairs of the charitable campany and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these f inancial Statements, the trustees are required to: select Suitable accounting policies and then apply them consistently. observe the methods and principles in the Charitles SORP,. make judgements and accounting estimates that are reasonable and prudent,. state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the f inancial statements; and prepare the financial statements on the going concern ba515 unless it is inappropriate to presume that the charity will continLJe in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companles Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reason3ble steps for the prevention and detection of f raud and other irre£ularlties. Page 19
Akademi South Aslan Dance UK Trustees Annual Report Small company provisions The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime set out in Part 15 of the Companies Act 2006 and in accordance with the Charltles SORP (FRS 1021. Signed on behalf of the board Anu Kapoor Vlce Chair of Board of Trustee5 tember 2024 Page 20
Akademi South Asian Dance UK Independent Examiners Report Independent Examiner's Report to the trustees of Akademi South Aslan Dance UK I report to the charity trustees on my examination of the financlal statement5 of Akademi South Asian Dance UK for the year ended 31 March 2024. Responsibillties and basis of report As the charity's trustee5 of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Act. Having satisfled myself that the financial statements of the Charity 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 vour charity's financial statements as carrled out under section 145 of the Charities Act 20111'the 2011 Act'}. In carrying out my examination I have followed the Directions given by the Charity Commlssion under section 14515) Ibl of the 2011 Act. Independent examlner's statement As 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 conf irm that l am qualifled to undertake the examination because l am a member of ACA / ICAEW, which is one of the listed bodies. I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: accountlng records were not kept in accordance with Section 386 of the 2006 Att . or the financial statements do not accord with those records; or the financial statement5 do not comply with the accounting requirement5 under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination; or the financial statement5 have not been prepared in accordance with the methods and principles of the Statement of Recommended Prattlce for accounting and reportlng by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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 financial statements to be reached. Luna Muncaster ACA / ICAEW Luna Muncaster Ltd 40 Vera Avenue Grange Park London N21 IRG 10 September 2024 Page 21
Akademi South Asian Dance UK Statement of Financial Activities for the year ended 31 March 2024 Unrestricted funds 2024 Restricted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Grants and charitable actlvltles Investments Other 235,882 4,054 11,843 351,470 587,352 4,054 11,843 509,245 698 488 Total 251,779 351,470 603,249 510,431 Expenditure on: Charitable activities Other 22,271 128,312 206,638 193,895 228,909 322,207 249,982 220,782 Total 150,583 400,533 551,116 470,764 Net gains on investments Net Income 101,196 149,0631 52,133 39,667 Transfers between fund5 Net income before other gains/{lossesl 101,196 149,0631 52,133 39,667 Other galns and losses Net movement in funds 101,196 149,0631 52,133 39,667 Reconcillation of funds: Total funds brought forward 361,820 80,667 442,487 402,820 Total funds carried forward 463,016 31,604 494,620 442,487 Page 22
Akademi South Asian Dance UK Summary Income and Expenditure Account for the year ended 31 March 2024 2024 2023 Income 599,195 509,733 Interest and investment income 4,054 698 Gross Income for the year Expenditure 603,249 510,431 551,116 470,764 Totsl expenditure for the year 551,116 470,764 Net income before tax for the year 52,133 39,667 Net income for the year 52,133 39,667 Page 23
Akademl South Aslan Dance UK Balance Sheet at 31 March 2024 Company No. 05294528 Notes 2024 2023 Fixed assets Tangible assets Current assets li Debtors 12 22,716 517,447 540,163 145,5431 494,620 37.645 437,933 475,578 133,0911 Cash at bank and In hand Credltors: Amount falllng due within one year Net current assets 13 442,487 Total assets less current liabilltles 494,620 442,487 Net assets excludlng pension asset or liability Totsl net assets 494,620 442,487 494,620 442,487 The funds of the charlty Restrlcted funds Restricted income funds 14 31,604 31,604 80,667 80,667 Unrestricted funds General funds Deslgnated funds 14 205,109 257,907 193,946 167,874 463,016 361,820 Reserves 14 Total funds 494,620 442,487 These accounts have been prepared in accordance with the special provision5 of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with settion 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the reqLJirements of the Companles Act 2006 with respect to accounting record5 and the preparation of accounts. Approved by the board on 10 September 2024 And signed on its behalf Anu Kapoor Vice Chair of Board of Trustees 18september 2024 Prakash Kurup Treasurer Page 24
Akademi South Asian Dance UK Statement of Cash flow5 for the year ended 31 March 2024 2024 2023 Cash flows from operating activities Net income per Statement of Financlal Actlvltles 52,133 39,667 Adjustments for: Dividends, interest and rents from inve5tmentS Decrease in trade and other receivables Increase/(Decreasel In trade and other payables 115.8971 14,929 12,452 {1,1861 3,020 196,0511 Net cash provlded by/{used In) operatlng activities 63,617 154,5501 Cash flows from investing activities Dividends, interest and rents from Investments 15,897 1,186 Net cash from Investing a¢tivltles 15,897 1,186 Net cash from financlng actlvltles Net Increase/{decrease) In cash and cash equlvalents 79,514 153,3641 Cash and cash equlvalents at the beglnnlng of the year 437,933 491,297 Cash and cash equlvalents at the end of the year 517,447 437,933 Components of cash and cash equlvalents Cash and bank balances 517,447 437,933 517,447 437,933 Page 25
Akademi South Aslan Dance UK Notes to the Accounts forthe year ended 31 Mar¢h 2024 l Accountlng policle5 Basls of preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective I January 20151 ICharitie>SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Cornpanies Act 2006. Change In basis of accounting or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accountlng Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluatlon funds Restricted funds Income Recognition of income Income is included in the Statement of Flnancial Activities ISOFAI when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the 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 legacies Voluntary Income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charlty has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims 15 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 expendlturel and facilitie5 where the benef it to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income Thls is included in the accounts when receivable. Gains/llosses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llossesl on investment assets This includes any gain or loss on the sale of investment5. Page 26
Akademl South Aslan Dance UK Notes to the Accounts Expenditure Recognition of expendlture Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investrnent management Costs. Expenditure on These comprlse the costs Incurred by the Charity in the delivery of its activities and charitable activities serwices in the furtherance of its objects, including the making of grants and governance cost5. All grant expenditure is 2ccounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These Include those costs associated with meeting the con5titution31 and Statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with 3 Share of other administration costs. Other expenditure These are support costs not allocated to a partlcular activltv. Grants P8yable Governance costs Taxatlon The charity is exempt from corporation tax on its charitable activities. Tangible fixed assets and depreciation Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful Ilfe: All assets costing more than £750 are capitalised at their cost to the charity. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade dlscounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three month5 or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities, In the Statement of Cash Flow5, cash and cash equivalents are shown net of bank overdrafts that ar- repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estlmated rellably. Creditors and provisions are normally recognised at their settlement amoLJnt after allowing for any trade discounts due. Page 27
Akademi South Asian Dance UK Note5 to the Accounts Penslon costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pay5 fixed contrlbutions into a separate entity. Once the contributlons have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are Shown in accruals in the balance sheet, The assets of the plan are held separately from the company in independently administered funds. Receipt of donated goods, facllltles and servlces All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. 3 Ststement of Flnanclal Activltles- prlor year Unrestricted funds Restrlcted funds Totsl funds 2023 2023 2023 Income and endowments from: Grants and charitable activities Investments Other 228,006 698 281,239 509,245 698 488 488 Total 229,192 281,239 510,431 Expendlture on: Charitable attivlties 33,460 188,629 214,222 34,453 247,682 223,082 Other Total 222,089 248,675 470,764 Net income 7,103 32,564 39,667 Transfers between funds 16,0171 6,017 Net income before other gains/(Ios5es) Other gains and losses: 1,086 38,581 39,667 Net movement In funds 1,086 38,581 39,667 Reconciliation of funds.. Total funds brought forward Totsl funds carried forward 360,734 42,086 402,820 361,820 80,667 442,487 Page 28
Akademi South Asian Dance UK Notes to the Attounts 4 Income from grants and charltable actlvltles Unrestricted Restricted Total Total 2024 2023 Arts Councll 219,467 219,467 218,961 Community and Curatorial 15,415 16,415 9,045 Dance Well: LinbLJry Trust I City Bridge Trust l N HS Trusts 98,765 98,765 98,146 ROAR., Paul Hamlyn Foundation / BBC Chlldren In Need 106,195 106,195 92,650 1,380 Feet First: Baring Foundation Pravaas.. Without Walls 47,183 47,183 46,841 Maitri.. John Lyon'5 Charity 25,600 25,600 19,700 Plastic Drastic Fantastic 73,727 73,727 6,672 Commerclal 9,770 Green Spaces Dark Skies 6,080 235,882 351,470 587,352 509,245 In 2023, of the total income from grants and charitable activities, £228,006 was from unrestricted funds and £281,239 was from restricted funds, 5 Incorne from investments Unrestricted Total Total 2024 2023 Bank interest 4,054 4,054 4,054 698 4,054 698 6 Other income Unrestrlcted Total Total 2024 2023 Other donations 488 Theatre Tax Relief 11,843 11,843 11,843 11,843 488 Page 29
Akademi South Asian Dance UK Notes to the Account5 7 Expendlture on charltable acttvities Unrestrlcted Restricted Total Total 2024 2023 Expenditure on choritable artlvltles Charitable activities 18,960 206,538 225,498 247,265 Governunce costs Trustees, meeting costs Independent Examiner's fees 1,361 1,361 417 1,950 loo 2,050 2,300 22,271 206,638 228,909 249,982 8 Other expendlture Unrestricted Restricted Total Total 2024 2023 Advertlsing and corporate fundraising 1,360 4,701 6,061 8,180 Employee costs Motor and travel costs 95,798 3,944 9,095 17,290 825 146,353 22,861 19,230 242,151 26,805 28,325 17,290 1,575 322,207 176,213 3,395 14,855 16,564 1,575 220,782 Premises costs General administrative costs Legal and professional costs 750 128,312 193,895 9 Trustee remuneration and expenses 2024 Number 2023 Number The nature of the reimbursed expenses The charlty trustees were not paid or did not receive any other benefits from the charity in the year. neither were they reimbursed expenses during the year. Page 30
Akademi South Asian Dance UK Notes to the Accounts 10 Staff costs 2024 023 Salaries and wages Social security costs Pension costs Staff welfare 155,153 62,055 23,819 1,124 242,151 94,734 64,326 17,153 176,213 The Jolnt CEOS recelved emoluments below £60,000 during the year. IDuring 2023 this was below £60,000). In 2024, staff costs include costs fully assigned to restricted roles. However, in 2023 'restricted staff costs included only those of the Learning and Participation Manager (part of the Dancewell restricted fund), with all other restricted staff costs included in the cost of charitable attivlties. If such costs had been included in staff costs for 2023, total staff costs would have been £222.4k. The average monthly number of full time equivalent employees during the year was as follows: 2024 2023 Number Number Dlrect charltable activities Fundraising Management and administration 11 Tangible fixed assets Cost or revaluation At l April 2023 At 31 March 2024 Depreclation and Impalrment At l April 2023 At 31 March 2024 75,802 75,802 75,802 75,802 75,802 75,802 75,802 75,802 Net book values At 31 March 2024 At 31 March 2023 12 Debtors 2024 2023 Trade debtors Other debtors Prepayment5 and accrued income 2,850 11,843 8,023 22,716 io,oio 27,635 37,645 Page 31
Akademi South Aslan Dance UK Notes to the Accounts 13 Credltors: amounts falling due within one year 2024 2023 Other creditors Accruals 8,380 17,163 20,000 45,543 794 32,297 Deferred income 33,091 Page 32
Akademl South Aslan Dance UK Notes to the Account5 14 Movement in fund5 Incoming resources At31 March 2024 (including At l Aprll other 2023 galnsllossesl Resources expended Gross transfers Restrlcted funds: Restricted Income funds: Dance Well.. Linbury Trust / City Bridge Trust l NHS Trusts 8,187 98,765 1106,9521 Pravaas: Without Walls 16,970 47,183 164,1531 Feet First.. Baring Foundation ROAR: Paul Hamlyn Foundation / BBC Children In Need 31.040 (31,0401 22,106 106,195 1128,3011 Maitri: John Lyon's Charity 2,364 25,600 19181 27,046 Plastic Drastic Fantastic 73,727 169,1691 4,558 Total 80,667 351,470 1400,5331 31,604 Unrestrlcted funds: General funds 193,946 251,779 1140,6161 iioo,0001 205,109 Designated funds: Strateglc Development Dance Production Artist and Artform Development Communlty and Education fotol 24,109 96,198 {8,2171 15,000 30,892 96,198 24,320 23,247 {1,7501 30,000 55,000 52,570 78,247 167,874 {9,9671 loo,000 257,907 Totsl funds 442,487 603,249 1551.1161 494,620 Purposes and restrictions in relation to the funds: Restricted funds: Dance Well.. Linbury Trust / Funding for community dance & health programme City Bridge Trust / NHS Trusts Page 33
Akademi South Asian Dance UK Notes to the Accounts Pravaas.. Without Walls A projett to animate Areas of Outstanding Beauty by community groups with outdoor lighting and dance. Presented by Walk The Plank as part of Unboxed Festival. Feet First.. Baring Foundation Barings Foundation funding for young people's mental health projee(. ROAR: Paul Hamlyn Foundation / BBC Children In Need Funding for Reach Out and Reveal ISEND project). Maitri: John Lyon'5 Charity A series of Bollywood workshops across secondary and feeder primary schools to aid transition and engagement in dance, delivered in Brent, London. A production for children on the use and misuse of Plastics. Plastic Drastlc Fantastic Deslgnated funds: Strateglc Development For organisational support during the diff icult economic climate, Dance Production For future dance productlons Artist and Artform Development For work associated with Artist and South Asian dance development Community and Education FDr community and education support or development 15 Analysis of net assets between funds Unrestricted funds Restrlrted funds Total Net current assets 463,016 463,016 31,604 31,604 494,620 494,620 16 Reconciliation of net debt At31 At l April 2023 March 2024 Cash flows Cash and cash equivalents 437,933 437,933 79,514 79,514 517,447 517,447 Net debt 437,933 79,514 517,447 Page 34
Akademi South Asian Dance UK Notes to the Accounts 17 Comrnltments Operoting leose commltments Annual commitments under non-cancellable operating leases are 35 follows: 2024 2024 2023 2023 Land and buildings Other Land and bulldlngs Other Operating leases with expiry date: Over f ive years 23,824 23,824 22,560 22,560 Pension commitments 2024 2023 The pension cost charEe to the companv amounted to: 23,819 17,153 Unpaid contributions due to the f und are included in other creditors and amounted to.. 7,585 18 Related party dlsclosures Contmlllng party The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 35
Akademi South Asian Dance UK Detailed Statement of Flnan¢lal Actlvltles for the year ended 31 March 2024 Unrestricted funds 2024 Restrlcted funds 2024 Total funds Total funds 2024 2023 Inwme and endowments from: Grants and charitable 3Ctivitiés Arts Council Community and Curatorial Dance Well: Linbury Trust/City Bridge Trust / NHS Trusts ROAR.. Paul Hamlyn Foundation I BBC Children In Need 219,467 16,415 219,467 16,415 218,961 9,045 98,765 98,765 98,146 106,195 106,195 92,650 Feet First.. Baring Foundation Pravaas: Without Walls Maitri: John Lyon'5 Charity Plastic Drastic Fantastic Commercial 1,380 46,841 19,700 6,672 9,770 6,080 509,245 47,183 25,600 73,727 47,183 25,600 73,727 Green Spaces Dark Skies 235,882 351,470 587,352 Investments Bank interest 4,054 4,054 4,054 4,054 698 698 Other Other donations Theatre Tax Relief 488 11,843 11,843 11,843 11,843 488 Total Income and endowments 251,779 351,470 603,249 510,431 Expenditure on: Charitable activities Charitable activities 18,960 18,960 206,538 206,538 225,498 225,498 247,265 247,265 Governance costs Trustees, meeting costs Independent Examiner's fees 1,361 1,950 3,311 1,361 2,050 3,411 417 loo 2,300 2,717 loo Total of expenditure on charitable activities 22,271 206,638 228,909 249,982 other expenditure Advert15ing and corporate fundraising 1,360 4,701 6,061 8.180 1,360 4,701 6,061 8,180 Employee costs Salaries/wage5 30,698 124,455 155,153 94,734 Page 36
Akademl South Aslan Dance UK Detailed Statement of Flnanclal Activities Employer's NIC Pension costs Staff welfare 43,269 20,707 1.124 95,798 18,786 3,112 62,055 23,819 1,124 242,151 64,326 17,153 146,353 176,213 Motor and travel costs Travel and subsistence 3,944 3,944 22,861 22,861 26,805 26,805 3,395 3,395 Premise5 Costs Rent 6,707 1,474 914 17,118 600 23,825 2,074 2,426 28,325 10,747 1,971 2,137 14,855 Rates Premises insurances 1,512 19,230 9,095 General administrative costs, including depreciation and amortisation Bank charges Software, IT support and related costs Stationery and printing SLJb5criptions Sundry expenses Telephone, fax and broadband 641 641 5,292 5,292 4,499 692 692 3,362 7,260 43 185 3,362 7,260 43 3,362 8,374 144 17.290 17,290 16,5fA Legal and professional costs Consultancy fees 825 750 750 1.575 1,575 1,575 1,575 825 Total of expendlture of other costs 128,312 193,895 322,207 220,782 Total expenditure 150,583 400,533 551,116 470,764 Net gains on investments Net income 101,196 149,0631 52,133 39,667 Net income before other gains/1105ses) Other Gains 101,196 149,0631 52,133 39,667 Net movement in funds 101,196 149,0631 52,133 39,667 Reconciliation of funds: Total funds brought forward 361,820 80,667 442,487 402,820 Total funds carried forward 463,016 31,604 494,620 442,487 Page 37