## 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**
1
## 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.
2
## 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:
- Delivered 200 dance & singing classes
- Set up a new older people performance group
- Invested in our freelance workforce & administration team
- Provided opportunities for eight volunteers
- Released one documentary based on our HYBRID programme with Fly Girl Films
- Performed at Age Proud Festival, Worlds Disability Day and The Riley Theatre
- 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.
3
## 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)
4
## 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:
- 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
- 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
- 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
5
## 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.
6
## 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)
7
## 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.
8
## 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.
9
## 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|
|---|---|---|
10
## 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|
|---|---|---|---|---|
11