The Ascendance Repertory Company Limited
Charity number 1110747
A company limited by guarantee number 05496869
Annual Report and Financial Statements
for the year ended 31 March 2022
The Ascendance Repertory Company Limited
Annual Report and Financial Statements for the year ended 31 March 2022
| Contents | Page |
|---|---|
| Trustees' report | 2 to 4 |
| Examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 to 11 |
Prepared by West Yorkshire Community Accountancy Service CIO
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The Ascendance Repertory Company Limited
Trustees' report for the year ended 31 March 2022
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates
Name Position Dates Jan Petrus Maria Costima Chair Janet Mitchell Treasurer / Secretary Samantha McCormick Terence Hyde Appointed 6 June 2022 Christopher Lloyd Resigned 4 November 2021 Charity number 1110747 Registered in England and Wales Company number 05496869 Registered in England and Wales
Registered and principal address Bankers
153 Bradford Road The Co-operative Bank Wakefield PO Box 101 WF1 2AP 1 Balloon St Manchester, M60 4EP
Independent examiner
Claire Welling West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a company limited by guarantee and was formed on 1 July 2005. It is governed by a memorandum and articles of association amended 6 June 2022. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.
Method of recruitment and appointment of trustees
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
Objectives and activities
The charity's objects
To advance the education of the public by the promotion of the Arts, in particular but not exclusively the art of dance.
The charity's main activities
The charity currently works in the local community, providing high-quality arts projects and classes, which seek to bring positive change to health and wellbeing.
Public benefit statement
In setting our objectives and planning our activities our trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of the arts, dance and health.
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The Ascendance Repertory Company Limited
Trustees' report (continued) for the year ended 31 March 2022
Achievements and performance
In 2021/22 Ascendance provided a vitally important year of outreach work and built a strong community of ‘Dancers with Parkinson’s’ across Yorkshire. The company now has face to face and on-line provision. This year Ascendance has also produced community and professional dance films to highlight the transformational work it has achieved on-line as well as furthering its creative practice as a professional dance company.
Outreach programme
This year we have:
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Delivered 200 dance & singing classes
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Set up a new older people performance group
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Invested in our freelance workforce & administration team
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Provided opportunities for eight volunteers
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Released one documentary based on our HYBRID programme with Fly Girl Films
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Performed at Age Proud Festival, Worlds Disability Day and The Riley Theatre
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Set up the first ever HYBRID show from Leeds City Museum
The Pandemic dramatically changed the way Ascendance operates and this year the charity re-opened two of its face to face venues at St Chad’s, Headingley and Victoria Hall in Bradford.
Artistic Programme
Ascendance’s dancers and Artistic Director Rachel Wesson created a new dance work entitled Shifting Tides with music composed by Laura Rossi and filmed at Sunnybank Mills in Farsley, by Devon Films and screened as part of our Film Friday series.
Ascendance Team
Ascendance is proud to have retained its full freelance workforce, with Artistic Director Rachel Wesson, and teachers Emma Clayton, Natalie Haslam and Izzy Brittain, as well as expanding the team to offer administration and technical support.
The organisation has supported a pool of eight volunteers throughout the pandemic as well as offering technical support and training for all its participants and for teachers to transition their practice on-line.
Financial review
The net income for the year was £769, including net income of £7,070 on unrestricted funds and net expenses of £6,301 on restricted funds after transfers.
At the time of signing these accounts the charity has been impacted by the global Covid-19 virus. The trustees have reassessed the charity's ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity's ability to continue as a going concern.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £15,267.
The reserves policy is to ensure there are sufficient reserves available to finance adequately, for at least three months, the operation of the company in the event of unforeseen circumstances. This reserve may be depleted to satisfy scheduled temporary liquidity deficiencies. Currently three months trading equates to approx. £15,000 and this is updated on a monthly basis and is calculated on a rolling annual timeline.
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The Ascendance Repertory Company Limited
Trustees' report (continued) for the year ended 31 March 2022
Reserves policy (continued)
This is a minimum requirement to mitigate an unexpected financial emergency. The Management recognise that in times of particular funding uncertainty around our core funder, it is prudent to build reserves above this to enable the company to survive and deliver our mission in the event of loss of a major element of our grant income and it has therefore been a stated aim to rebuild company reserves over the current Arts Council funding period, to bring them to a level which would withstand such longer-term changes to our business model.
The ambition is to sustain reserves that allow the company to function for a six month period and this has been set at £30,000.
Statement of trustees' responsibilities
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and 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 financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. 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 has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Signed on behalf of the board of trustees on 17/10/2022
Janet Mitchell (Trustee)
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The Ascendance Repertory Company Limited
Independent examiner's report to the trustees of The Ascendance Repertory Company Limited
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022, which are set out on pages 6 to 11.
Responsibilities and basis of report
As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or
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3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Claire Welling
27/10/2022
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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The Ascendance Repertory Company Limited
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 March 2022
| Notes 2022 Unrestricted funds £ Income from: Grants (2) - Earned income 5,417 Donations 1,920 Total income 7,337 Expenditure on: Artistic programme 1,164 Administration - Other overheads 157 Marketing - Organisational development - Personal access - Minor equipment 48 Depreciation 2,167 Total expenditure 3,536 Net income / (expenditure) 3,801 Transfers between funds 3,269 Net movement in funds 7,070 Fund balances brought forward 11,896 Fund balances carried forward (3) 18,966 |
2022 Restricted funds £ 67,666 - - 67,666 29,825 15,315 7,721 5,600 9,453 988 1,796 - 70,698 (3,032) (3,269) (6,301) 41,943 35,642 |
2022 Total funds £ 67,666 5,417 1,920 75,003 30,989 15,315 7,878 5,600 9,453 988 1,844 2,167 74,234 769 - 769 53,839 54,608 |
2021 Total funds £ 70,009 4,230 1,007 75,246 22,098 14,848 1,499 4,383 2,231 - 1,161 1,536 47,756 27,490 - 27,490 26,349 53,839 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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The Ascendance Repertory Company Limited
Balance sheet
| as at 31 March 2022 2022 Unrestricted £ Fixed assets Tangible assets (4) 3,699 Total fixed assets 3,699 Current assets Debtors and prepayments (5) 70 Cash at bank and in hand (6) 15,797 Total current assets 15,867 Current liabilities: amounts falling due within one year Accruals 600 Total current liabilities 600 Net current assets 15,267 Net assets 18,966 Funds Unrestricted funds 18,966 Restricted funds - Total funds 18,966 |
2022 Restricted £ - - 144 35,498 35,642 - - 35,642 35,642 - 35,642 35,642 |
2022 Total £ 3,699 3,699 214 51,295 51,509 600 600 50,909 54,608 18,966 35,642 54,608 |
2021 Total £ 2,597 2,597 278 51,464 51,742 500 500 51,242 53,839 11,896 41,943 53,839 |
|---|---|---|---|
For the year ending 31 March 2022 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on 17/10/2022
Janet Mitchell (Trustee)
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The Ascendance Repertory Company Limited
Notes to the accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Tangible fixed assets
Tangible fixed assets costing more than £250 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: IT equipment: over 3 years
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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The Ascendance Repertory Company Limited
Notes to the accounts continued
for the year ended 31 March 2022
| 2 Grants National Lottery Community Fund Arts Council England Sport England Wades Charity Sir George Martin Trust Leeds City Council Bradford Metropolitan District Council (BMDC) Leeds Community Foundation Wesleyan Foundation 3 Restricted funds Balance b/f £ Wesleyan Foundation 2,000 Arts Council England 12,349 Warburtons Community Fund 250 Bradford MDC 4 National Lottery-Zoom 27,340 National Lottery-Dance - Sir George Martin Trust - Wades Charity - Sport England - 41,943 |
2022 Unrestricted funds £ - - - - - - - - - - Incoming £ - 20,626 - 1,000 22,340 10,000 2,000 4,500 7,200 67,666 |
2022 Restricted funds £ 32,340 20,626 7,200 4,500 2,000 1,000 - - - 67,666 Outgoing £ 2,000 18,240 250 1,004 46,411 - 29 2,764 - 70,698 |
2022 Total funds £ 32,340 20,626 7,200 4,500 2,000 1,000 - - - 67,666 Transfers £ - - - - (3,269) - - - - (3,269) |
2021 Total funds £ 27,340 29,669 - - - - 1,000 10,000 2,000 70,009 Balance c/f £ - 14,735 - - - 10,000 1,971 1,736 7,200 35,642 |
|---|---|---|---|---|
Fund name Purpose of restriction
Wesleyan Foundation
Arts Council England
Warburtons Community Fund
Bradford MDC Fund National Lottery Funds - Zoom and Dance
Sir George Martin Trust
Wades Charity
Sport England
To continue the provision of an inclusive and high-quality dance programme for people living with Parkinson’s in Meanwood.
To support the making of 5 short dance films with a diverse group of Dancers with Parkinson’s (DWP) and 3 professional dancers, captured in 360° Virtual Reality.
To pay for 10 specialist high-quality dance sessions for people living with Parkinson’s in Pudsey over a one year period.
Transitioning of current weekly Dancing with Parkinson's (DWP) classes
Live Streaming and Zoom Development project with its Dance with Parkinson's participants to expand its virtual Zoom sessions and to work towards resuming physical meetings in the future, including testing the HYBRID model and live streaming. A transfer of £3,269 was made from this fund for the purchase of equipment, which is for the general use of the charity.
To fund two dance exercise and wellbeing sessions per week for People with Parkinson’s.
To support a Hybrid ‘Dance with Parkinson’s’ dance class at St Chad’s Parish Centre, Headingley, Leeds.
To fund a project at Marie Curie Hospice.
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The Ascendance Repertory Company Limited
Notes to the accounts continued
for the year ended 31 March 2022
| 4 5 **6 ** |
Tangible assets Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 Debtors and prepayments Debtors Prepayments Cash at bank and in hand Cash at bank Cash in hand |
£ 4,602 3,269 7,871 2,005 2,167 4,172 3,699 2,597 2022 £ 70 144 214 2022 £ 51,285 10 51,295 IT equipment |
Total £ 4,602 3,269 7,871 2,005 2,167 4,172 3,699 2,597 2021 £ - 278 278 2021 £ 51,454 10 51,464 |
|---|---|---|---|
7 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
Other transactions with trustees or related parties
| Other transactions with trustees or related parties Samantha McCormick 8 Independent Examination fees Independent Examination fees Name of trustee or related party Relationship to charity Description of transaction Trustee Podcast project delivery |
2022 £ 450 450 2022 £ 600 |
2021 £ - - 2021 £ 500 |
|---|---|---|
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The Ascendance Repertory Company Limited
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2022
| 2022 2021 Unrestricted Unrestricted funds funds £ £ Income Grants - - Earned income 5,417 4,230 Donations 1,920 1,007 Total income 7,337 5,237 Expenditure Artistic programme 1,164 400 Administration - 352 Overheads 157 140 Marketing - - Organisational development - - Personal access - - Minor equipment 48 - Depreciation 2,167 1,536 Total expenditure 3,536 2,428 Net income / (expenditure) 3,801 2,809 Transfers between funds 3,269 3,193 Net movement in funds 7,070 6,002 Fund balances brought forward 11,896 5,894 Fund balances carried forward 18,966 11,896 |
2022 Restricted funds £ 67,666 - - 67,666 29,825 15,315 7,721 5,600 9,453 988 1,796 - 70,698 (3,032) (3,269) (6,301) 41,943 35,642 |
2021 Restricted funds £ 70,009 - - 70,009 21,698 14,496 1,359 4,383 2,231 - 1,161 - 45,328 24,681 (3,193) 21,488 20,455 41,943 |
2022 Total funds £ 67,666 5,417 1,920 75,003 30,989 15,315 7,878 5,600 9,453 988 1,844 2,167 74,234 769 - 769 53,839 54,608 |
2021 Total funds £ 70,009 4,230 1,007 75,246 22,098 14,848 1,499 4,383 2,231 - 1,161 1,536 47,756 27,490 - 27,490 26,349 53,839 |
|---|---|---|---|---|
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