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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 05467343 (England and Wales) REGISTERED CHARITY NUMBER: 1111476

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Swindon Dance

Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Swindon Dance

Contents of the Financial Statements for the Year Ended 31 March 2023

Page
Report of the Trustees 1 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Financial Statements 13 to 23

Swindon Dance (Registered number: 05467343)

Report of the Trustees for the Year Ended 31 March 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

Our vision

Enriching lives through dance.

Our mission

To be an organisation specialising in the support of our art-form through personal engagement, talent development and professional artist support locally, regionally and globally.

Our beliefs and values

About us

We are a charity based in the centre of Swindon, a place where the art-form is nurtured, and allowed to develop, grow, and flourish, where people from different backgrounds can enjoy the well-being benefits of dance, can develop their creativity and artistic expression, where a young dancer's passion and talent is nurtured helping it to grow and flourish, where the professional artist is supported, their voice heard and is able to work in a more collaborative way. We are proud to be part of our local community working with different cultural, education and welfare groups where people of all ages and abilities can take part in our range of quality dance activities, events, and performances. We are an organisation that cares about our roots and our community and always strives to support, nurture, and bring the joy of dance to everyone we can reach. We provide opportunities to learn to create and perform dance. We take dance out into schools and the community. We work in areas of high disadvantage and low engagement. For many it is a social and fun way to improve their health and mental well-being and to meet people with different backgrounds and experiences. For others it is the first stage into a career in the arts and culture contributing to the UK's dance industry.

Public benefit

The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. The trustees consider that they have acted in the public benefit.

Page 1

Swindon Dance (Registered number: 05467343)

Report of the Trustees for the Year Ended 31 March 2023

ACHIEVEMENT AND PERFORMANCE

We continued to focus on our recovery, which has been slower than expected following Covid. ACE introduced an interim funding for NPOs 2022-23 to reduce the pressures on publicly funded arts organisations, of undergoing a full NPO application process as they move from a period of crisis management into one of recovery. Recovery has been slow and has been further impacted by the Russia/Ukraine war and Cost of Living Crisis leading to low attendance numbers and a large drop in earned income. This is a UK wide situation for the arts, with Directors and CEOs having to make difficult artistic and financial decisions i.e., to either support artists who are struggling to maintain a career in dance or core staff who have worked for many years without pay rises. Retaining and recruiting staff has been a major issue for UK dance organisations.

We started to see a difference in customer habits towards the end of the year with a gradual increase in attendance in the later part of 2022-23. Our programme of classes saw 3,940 children, young people and adults participate in our Community Dance Programme throughout the year. April saw the return of our Children's show DANCE HOUSE, with an audience of 237 and 101 participants over two evenings (theatre capacity is 109).

The Jam Festival & West Country Clash also returned, although due to travel restrictions still being in place in many countries, ran as a UK only event. Despite this 499 people aged between 11 to 30 years took part. This was over double from the previous year.

We saw a slow improvement in Outreach work out in the community and education with a total of 13,260 children, young people and adults participating in a variety of workshops held at Swindon Dance and in schools and community venues across Swindon and Wiltshire. 551 workshops were delivered by our CAT (Centre for Advanced Training) team in schools across Wiltshire. 200 young people aged between 11 and 16 attended a CAT open day, while 210 attended an audition for entry onto CAT September 2022. Cohort numbers across our talent development programme were low with our CAT being down by 30/35% its lowest since the programme started in 2005. We piloted a new ballet programme as part of the CAT with a cohort of 10 young dancers and achieved 100% success at auditions for graduating students going onto full time training at one of the countries Conservatories and Vocational colleges, with students obtaining offers at a number of these institutions.

During the year CAT students worked with some of the leading professionals from the industry such as, Estella Merlos, Vanhulle Dance Theatre, Thomas Page Dancers, Kuldip Singh-Barmi, Adrienne Hart Director of Neon Productions, Avant Garde - mixing Contemporary, street and theatre, Wayne Parsons Director of Voxed a dance theatre company, Synaet Nin, Linden Dance Company, Jordan James Bridge, Anna Watkins, Tavaziva Dance Company and AWA Dance Charity. Alumni - George Hanns, Jack Sergison and Liam Hill. Our street dance students worked with - Jessie O'Rielly, alumnus Kieran Warner, Steady, Shawn Aimery, Michael Bagsy Oladele, Banxy and Tomoko Chuba (Tomo). The CAT Street Dance Programme dancers performed at MOVE IT to an audience of over 20,000 and at the U.Dance Regional platform to an estimated audience of 1,000.

STREET DANCE CONNECT - our regional youth street dance platform also returned this year. 104 young street dancers from across the region participated in workshops, talks and an informal performance to a sold-out event and audience of 100. For the Queens Platinum Jubilee we worked with the Central North Swindon Parish and SAPAC (South Asian Performing Arts Centre) on a street party and cultural entertainment and participation sessions at Pinetrees, an area central north of Swindon town centre recognised as an area of high deprivation, where we showcased the work of Simple Cypher to an estimated 200+ attendees.

Funding from the Foyle Foundation enabled us to support four Digital commissions and performances. These included HIP HOP KNIGHTS by Banxy working with mature hip hop dancers. It received 157 views. ROOTS & ANCHOR by Tangled Dance Theatre gained 315 views. LOST IN PARAMETERIZATION by Henry Labrada Rodriguez received 90 views, and LORE premier by James Wilton Dance gained 1298 views. A further digital performance, ILLEGAL DANCES by Avant Garde received 78 online views.

Other activities were greatly impacted by Covid, the war Russia/Ukraine and the Cost-of-Living Crisis along with the extreme weather conditions during the summer. Our summer tap event being one of these. It was due to include 3-days of tap workshops at Swindon Dance for young people and adults, two free taster workshops one for adults and one for young people, the opportunity to participate in a flash mob with the company at the outdoor performance event with a free workshop on stage for audience members - the culmination of the week's events. Unfortunately, the weeks activities had to be cancelled. We continued with the outdoor performance and audience free workshop, but this attracted minimal interest. We believe this was due to the day being extremely hot with national government putting out extreme weather warnings for that date which kept people in doors, along with having to cancel the week-long event that we had planned to draw an audience from. Other summer activities saw 39 children and young people attend our Steps2 summer school and nearly 300 parents and friends attend our CAT summer show, that brings all four programmes together to show case the years' work. Our Boys Inspiration Day included workshops and performance for males and male identifying children saw 25 young males take part. The event saw the participants working together with Joe Garbett, Ben Dunks and Tomo (Tomoka Chuba) in contemporary, street and creative dance styles, followed by talks with the tutors and a sharing of the work they had created watched by 39 Parent/carers. We ran an African dance weekend - DANCE ROOTS AFRICA in collaboration with Moralle Taiwo, with funding from Wohmad. This included a series of classes/workshops in COMMERCIAL DANCEHALL, BRAZILIAN SAMBA, AFROBEATS and AFRO SAMBA. 106 people registered for all classes.

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Swindon Dance (Registered number: 05467343)

Report of the Trustees for the Year Ended 31 March 2023

We undertook a review of our professional performance programme working closely with a sub-group from our Board of Trustees. This highlighted the true cost of our professional performance programme. Since 2016 we have been running this programme presenting one professional performance every third Friday per month September to April each year. Outcomes showed, ticket sales averaging at 30%. This has been a long-term issue with audience numbers well below 50% pre-2016. The cost to Swindon Dance 2016-22 (bearing in mind our theatre was closed 2020-22) was £80,000. A cost we can no longer sustain. The report also showed that people felt presenting professional work was an important part of our work in supporting the art-form. From this, we will be piloting a new programme during 2023-25 that starts with the audience. We will be working with six artists who are creating new live works over a longer period on individually created projects each working with a target audience. In the final quarter of 2023, we presented our last live 'Friday' evening performances by professional touring companies. These included, Imogen Reeve's EXCESSIVE HUMAN COLLECTIVE that opened with a curtain raiser by Swindon Youth Dance Company to an audience of 33, Richard Chappell's UPLIFT to an audience of 27 and Joss Arnott's children's show TINMAN to an audience of 52. Audience numbers at live dance performances is an issue for dance UK wide and has been the focus of discussions at UKDN (UK Dance Network) a network of Directors and CEOs of dance organisations across the UK. Many small-scale theatres have closed with mid-scale theatres removing dance from their programmes due to low audience numbers.

September saw a successful launch of our autumn programme of activities with Litefest, a 2-day weekend event where 303 young dancers took part in workshops and battles. This years' event included the following industry professionals, Tarone Lindsay - Litefeet Judge and workshop tutor, Ugee Williamson - host and workshop tutor, Shawn Aimey - Popping Judge, Malcom Mbombo - Hip Hop Judge, Julian Owusu - host, with DJs - Duval Williams and Ahmed Zada. Our adult community dancers put on a stunning Christmas show, Festive Fiesta. We introduced a new 'heels' class that proved to be very successful. Our 8-10 and 11-13-years jazz dancers performed at a Christmas Flash Mob at Pinetrees in Swindon, our 14-17 years jazz dancers performed at a STEAM museum event, 15 dancers from our 8-13 years jazz class performed in the INSwindon town centre Flashmob and a Just for Boys taster session saw 17 young males take part. We supported 12 dancers across our Professional Artists Programme and gave 352 hours of free space to artists for rehearsals and research and development of their work and skills and commissioned 14 new professional works which included works for both the digital and live performance markets.

Quote From CAT parent:

'Mike and I would like to say a huge thank you to the team for everything they have done for Olivia. Lockdown gave Olivia time away from mainstream education to consider what really made her tick. This is when she made the decision to apply to the Swindon CAT course online, and undoubtedly it was the best decision she has made so far. It became the highlight of her week and it was the first time that she began to consider a future in professional dance. Returning to the studio for a second year, Olivia was motivated by the exceptional teaching and overtime began to find a new level of self- belief and to unlock a side of herself that gave her a new level of joy for dancing. She also met a group of friends from the surrounding area which she truly resonates with and share her passion for dance and who will probably become lifelong friends. The experience you have created for individuals to thrive and excel is truly remarkable and I am aware that this is not possible without a team of dedicated professionals. I would like to say a particular thank you to Anna Watkins who Olivia has a great respect for and to Sarah who teaches jazz. I just wish that there was the opportunity to thank you all in person.'

Quotes:

'Attending my first jazz class was about as far out of my comfort zone as it's possible to get. I needn't have worried....despite being the only guy there, everyone made me feel very welcome and part of the group. Jazz is so much fun i got withdrawal grumps over the xmas break. '

'I feel absolutely amazing!... But more. I feel like a light that i didn't even know existed has been switched on. My face wears a permanent smile and body can't contain itself but to express with some vigour this newly found illumination.'

'My class every week is great fun and my teacher is amazing.'

Marketing, Communications and The Team

During the year we focused on improving our staffing requirements. We reviewed staffing gaps and the needs of the charity to support its future growth and build resilience.

In April we started a review of our Marketing team which had been running with two part-time staff working a total of 29.5 hours per week with no strategic leadership. We worked with our current marketing team, relevant staff and a sub-group from our Board of Trustees looking at the role of a marketing and communications team in the future growth and sustainability of the Charity and to put in place an action plan to achieving this. The outcome was followed with one-to-one consultations within the team to implement the changes to start January 2023. This was achieved with the reviewed team consisting of a Strategic Manager working 4-days per week and the two previous team members remaining as Coordinators working a combined total of 40.5 hours per week. The focus going forward will be on market strategy review and update, developing our brand, corporate image and partnerships, data collation and using this in the decision-making process, plus various targeted marketing campaigns to increase our customer base and income from various sources.

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Swindon Dance (Registered number: 05467343)

Report of the Trustees for the Year Ended 31 March 2023

Following several leavers in the CAT team, this also underwent a similar review with improvements made to give the Senior Manager more support and an update in roles and responsibilities to the remaining team members. An Assistant Manager and Administrator were appointed along with a Recruitment Coordinator and a weekend councillor to support student welfare where numbers of anxiety, self-harming and eating disorders among students have been rising at an alarming rate.

Our Education & Development team is now fully staffed and will be able to focus on rebuilding partnerships and our education and community work. We have appointed a Senior Manager for Business & Operations along with an Assistant Manager for Operations with the responsibility of overseeing the in-house operations for the charity. We reviewed our hybrid working scheme, which is working well for the team and will be continuing. We introduced a new online HR system - Breathe HR which has allowed us to centralise and move all our HR systems online in one place and automated. The next stage is a move to an online telephone system that will save approximately £1,000 per year and improve our support systems for staff especially when working from home.

Team training has included, safeguarding and mental health first aid for managers, assistant managers, project Coordinators and Duty Managers. Leadership training for the Artistic Director and four senior managers was started and will continue into 2023-24. This is being led by Pearl Jordan of Rhythmic Remedies and includes both group sessions and individual consultation/mentoring with an open fluidity to allow the training to follow any needs that arise.

Environmental sustainability

We have used Julie's Bicycle Creative Climate Tools, developed for the arts and culture industries, to produce a report on our energy use, water consumption, waste generation and recycling, travel, and production materials from 2022-23 that we plan to use to inform us on our environmental priorities going forward.

There is uncertainty over the town centre regeneration plans and the development of the Cultural Quarter with the change in local government. A meeting is being held in July 2023 and we hope to have an update on the situation and any plans the government may have then. Regardless of this there are several building upgrades that we are discussing with SBC (Swindon Borough Council) and ACE in preparation for applying to the ACE Capital Investment Programme when this opens later in 2023. These upgrades will improve the quality of our facilities and ensure we meet the needs of our wheelchair users and young males. We reviewed our facilities and the challenges our users and staff face. We talked with our users, young users, practitioners, disabled users, young males and staff. Second Hand Dance, a disable led dance company tested our facilities. We aim to upgrade our changing rooms and convert one of our first-floor changing rooms to an accessible facility providing better quality appropriate facilities for those with disabilities, wheelchair users and those preferring to use single person changing facilities that are close to our studios. To bring back into use two changing rooms on the lower floor specifically for use by young males, students aged 11-17 years and 100s of children, that have been closed due to black Mould and damp. We have no alternative changing rooms for these young people. The stairs leading from these changing rooms to the dance studio that provide a secure passage for the young people are bare concrete, we plan to improve and cover these. We also plan to install secondary double glazing in our dance studio and two offices to stop drafts, improve room temperature and the working environment for the 1000s of people who use the studio and eight staff who use the two offices. New carpets in these two offices will further improve staff moral and feelings of worth. Materials and services will be sourced from environmentally responsible companies. SBC supports these measures. Cllr Marina Strinkovsky and Shahina Johnson Director of Create have also offered their support to the project.

We continue to focus on improvements in our working habits and ways to find environmentally responsible solutions. We have implemented a temporary solution to drafts in the two offices by using a secondary glazing film, which has greatly improved the temperature in those offices. A member of staff has taken on the role of environmental champion to check we are following changes in working habits to reduce our carbon output, such as ensuring staff turn off all computers, screens and other electrical equipment when not in use. An office and storage clean up led to recycling (shredding) a huge amount of old paper and a large supply of folders, dividers and plastic folders for reusing rather than buying new, and free cabinet/office space. With online working we will have very little papers to store. We have achieved our goal of becoming 90% paperless through our online systems such as, E-Contracts, new online booking systems, online HR and payroll systems, storing copies online rather than paper/hard copies, a paperless audit 2021-22, plus the use of hybrid working which has reduced staff travel, online meetings and methods of communication. We will be moving to a VOIP telephone system 2023-24.

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Swindon Dance (Registered number: 05467343)

Report of the Trustees for the Year Ended 31 March 2023

FINANCIAL REVIEW Financial position

Finances

We are in an NPO interim funding year 2022-23 of the ACE NPO funding cycle 2022-26. ACE implemented this due to pressures on Directors/CEOs of NPOs from the pandemic. However, NPOs still had to go through the pressure of an application process. This year saw a new format in place for the application process for NPO funding 2023-26 covering the ACE 'Lets Create' strategy outcomes and its four new Investment Principles. Action plans and financial reporting have all been formulated across all NPOs. We were successful in gaining our NPO funding for 2023-26 although this remains capped at the 2015 funding level. This is a serious cut for the Charity at a time when the country is still recovering from Covid and is on the brink of an inflation induced recession/cost of living crisis. Because of the impact of a longer recovery from Covid, the Russian invasion of Ukraine and cost of living crisis, recovery will be far slower than originally predicted with organisations facing a further period of financial difficulty forecast to continue into 2024. With a record number of applications for NPO status many organisations, companies and artists were unsuccessful with a high number losing their NPO funding leading to a large increase in competition for other sources of funding and financial support. The student bursaries from the DfE (Department for Education) for the CAT saw a slight increase in bursary level whilst the total number of bursaries available to us remained at 105.

We worked with EDUKIT a bid writing company specialising in working with not-for profit organisations as an interimfund-raising option for 3-months Oct-Dec 2022. They only completed two of the five proposed applications in that time, with a third later as recompense. All applications were unsuccessful. We will not be continuing with this company. We were successful in reapplying to the D'Oyly Carte Foundation for our carers respite sessions with funding to trial several workshops for young carers. Funding was also secured for the boys' inspiration day and practitioner Moralle Taiwo secured funding from Wohmad to run an African Dance Weekend that was held at Swindon Dance. We have made a few savings for example, pausing our live professional theatre performances will save approximately £3,000 per show, a change in our audit process will save a further £5-6,000 and a change in our telephone system will save £1,000 per year.

We started conversations with Neon Productions regarding a long-term company in residence in our building, which would have brought a regular hire income into the Charity. It was dependant on Neon gaining NPO status. Unfortunately, they were unsuccessful in their application. A second possible company in long-term residency - Shoebox Theatre found a home elsewhere. We continued to support collaborative projects with our culturally diverse community. We worked with SAPAC and Swindon Central North Parish and Pinetrees Centre in an area of low engagement and high deprivation in Swindon, who gained funding for a collaborative Queens Jubilee project. We also provided a town centre flash mob as part of the Jubilee celebrations. Other events during the year followed this partnership with Pinetrees such as a 'Silver Sunday' Christmas event for over 55s, and with the Marie Lou Revue on a project for the elderly. Our Education & Development team started discussions with Health UK Swindon regarding dance and dementia and development of activities for Parkinson's sufferers. Our adult community dancers performed in our Christmas gala performance, that included a performance by our Salto! Adults' groups (adults with learning difficulties) and almost sold out on both nights. Salto! Integrated Programme started its final year of three years funding from BBC Children in Need autumn 2022. We will be applying for long-term funding for the programme for autumn 2023.

The new Marketing & Communications team started January 2023, will form a new marketing strategy to develop partnerships with local businesses to support various projects and specific events such as our relaxed performance, develop support in the form of sponsored events, and implement special fund-raising events to raise resources for the organisation. We have developed our Education and Development team which is now back at full capacity and will focus on the growth of this programme. Our volunteer's group now consists of five young volunteers and three adult volunteers. We achieved £42,000 of a funding target of £50,000. This consisted of £3,000 from D'Oyly Carte for carers project and CAT which was successful in its bid for £39,000 from DfE for outreach work across the southwest.

Performances - our focus has been on the return of our community performances. Our Dance House Youth Platform returned in April with 98% of tickets sold. Our adult Christmas show sold 60% of tickets each night for 2-nights with other community shows planned April, June and July 2023.

Despite everything, we were able to award our staff with a 5% pay increase from 1st April 2022.

Investment powers and policy

Under the Memorandum and Articles of Association the charity empowers the Trustees to invest funds. The Trustees having regard to the liquidity requirements of operating the organisation and to the reserve policy have operated a policy of keeping available funds in an interest-bearing deposit account. This is reviewed annually to ensure that a competitive rate of interest is obtained.

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Swindon Dance (Registered number: 05467343)

Report of the Trustees for the Year Ended 31 March 2023

FINANCIAL REVIEW

Reserves policy

The Trustees continue to follow the previously agreed reserves policy to retain unrestricted reserves to three months of support costs in line with good practice and following the requirements of the Charities Commission.

Total reserves

Reserves held at 31st March 2023 amounted to £310,211. Restricted funds total £183,255. Fixed assets total £40,795. The reserves after restricted funds and fixed assets are £86,161. Reserves held are above that required per the reserves policy.

Going concern

Charity costs continue to remain high against ongoing low income due to a slower recover than predicted from the Cost-of-Living Crisis. Impact on the Charity if the UK moves into an inflation induced recession. Although the charity gained its NPO funding for the next three years this has been capped at 2015 levels placing further pressure on the Charity's earned income. Reducing funding pots such as funds from Trusts and Foundations alongside higher levels of competition for funds. The continued deterioration of Swindon town centre and loss of visitors and public to the town along with political uncertainty and change in local government. The Charities Reserves Policy needs to be reviewed against increased running costs to ensure the level of reserves held are sufficient and can support the Charity through another proposed difficult financial year 2023-24.

FUTURE PLANS

2023-24 is looking to be a further hard year financially. Our focus will be on increasing our income and bringing our expenditure down to gain and maintain a good level of financial stability. We will also be focusing on improving our diversity and inclusion across our core team and a recruitment campaign to recruit two new board members. Towards the end of 2022-23 we started to see an improvement in class numbers and numbers applying and attending auditions for our Talent Development Programme esp. the CAT. We have seen an increase in outreach and schools' activities and discussions regarding several local collaborative events - Pathway to Paris Olympic project, Heritage Open Days, Heritage Action Zone and the local Theatre Square Group. April 2023 will see the return of The Jam Festival & WCC to its international status bringing back international street dancers and performers.

We will be applying to ACE Capital investment programme to support the cost of making some much needed upgrade to our internal facilities that will improve the quality of experience for our disabled and male users and the working environment for our staff and users. We are undergoing research into various funding streams to apply to for our Salto! Integrated Programme, artists support and assisted places on several events and activities for those unable to participate because of costs.

We will be introducing a new audience choice event for young people called the REVERSE PITCH and a revised family open day that will include free participation into a variety of workshops and classes, a 'walk about' and onsite professional performance, films and goody bags.

We will be trialling our new Professional Performance Programme/audience development projects working with Theo Clinkard - national CAT projects, Vanhulle Dance Company - children and young audiences, Breakin' Uk - specialist training for young Breakers in-line with the Olympics, Tavaziva Dance Company - young males and African communities, Simple Cypher - theatre, dance and circus audiences, and Marie Lou - children and nature.

We aim to implement a new marketing strategy to aid our recovery, improve our data collection and develop our corporate identity and partnerships, and move to using the ACE new Illuminate system due to launch June 2023. With staffing gaps filled we will focus on fulfilling our action plans and new strategies with the aim to return to pre-Covid income levels by the end of 2024.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Swindon Dance is a limited registered charity and a company limited by guarantee governed by its Memorandum and Articles of Association dated 31st March 2005.

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Swindon Dance (Registered number: 05467343) Report of the Trustees for the Year Ended 31 March 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The charity and Board work to ensure all policies and procedures along with Staff Handbooks are current with any national requirements or changes implemented. The Charity's Artistic Director worked closely with the Board of Trustees throughout the Coronavirus pandemic. The board was consolidated with new members joining including independent artists, two of which have joined as an interim learning year observing full-board meetings without being able to vote and participating in various sub-groups. The Board introduced this role as a skills development year for young artists and the fresh new viewpoint, they will bring to Board discussions. It is envisaged these two artists will join as full board members after the interim year. The Board is very active and contributing their skills, knowledge, and experiences to the work of The Charity. The sub-groups were reviewed November 2020 to be more in-line with the Charity's needs and members skills, going forward and are in Finance Human resources/general business, Marketing Communications and Fundraising, and the Organisation's purpose (the artform and vision) with a fourth category for special projects as they arise for example, Cultural diversity focus group and Cultural Quarter / new building group. These have been working well and giving good guidance and support. The trustees have completed the Level1 Child Protection online training and Charity Finances training live streamed online. An up-to-date skills audit has been completed.

Organisational structure

The trustees have overall control of the charity and are responsible for making sure it is carrying out its purposes for the public benefit. The Artistic Director is responsible for the day to day operations of the charity.

Induction and training of new trustees

All new trustees undergo an induction to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision-making process, the business plan and recent financial performance of the charity. Prior to induction they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these facilitate the undertaking of their role. The trustees have completed the Level1 Child Protection online training and Charity Finances training live streamed online. An up-to-date skills audit has been completed.

Key management remuneration

A system of yearly pay increases with a minimum 1% increase per year has been implemented, effective from 1st April 2019. This was postponed this year due to the impact of COVID-19 with a review of the charities financial system in the autumn to confirm if the charity will be in a financial position to instigate the pay rise at that time.

Related parties

There are no related charities.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have a risk management strategy which comprises:

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05467343 (England and Wales)

Registered Charity number

1111476

Registered office

The Town Hall Studios Regent Circus Swindon Wiltshire SN1 1QF

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Swindon Dance (Registered number: 05467343)

Report of the Trustees for the Year Ended 31 March 2023

Trustees

R Jandy Chair B Pont (resigned 17.11.22) V Drew (resigned 8.9.22) Mrs P Jordan (resigned 17.11.22) Mrs S M J H Kelly Mrs A Preece V Fung R Chappell (appointed 6.4.22) R Bridger

Chief Executive Officer

V Slayford

Independent Examiner

James Gare DChA FCA Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Solicitors

Clark Holt Hardwick House Prospect Place Swindon SN1 3LJ

Bankers

Co-Operative Bank plc 1 Balloon Street Manchester M60 4EP Sep 12, 2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

Robert Jandy

........................................................................ R Jandy - Trustee

Page 8

Independent Examiner's Report to the Trustees of Swindon Dance

Independent examiner's report to the trustees of Swindon Dance ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees of the 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 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 2011 ('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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  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

  2. 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

  3. 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.

James Gare DChA FCA

The Institute of Chartered Accountants in England and Wales

Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Date: .............................................Oct 13, 2023

James Gare

Page 9

Swindon Dance

Statement of Financial Activities for the Year Ended 31 March 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
51,210
Charitable activities
5
Revenue grants
209,994
Activities for young people
20,213
Community Dance
42,174
Artist professional development
5,500
Production and performances
12,661
Other trading activities
4
4,446
Total
346,198
EXPENDITURE ON
Raising funds
6
2,400
Charitable activities
7
Activities for young people
316,189
Community Dance
81,063
Artist professional development
36,193
Production and performances
84,454
Total
520,299
NET INCOME/(EXPENDITURE)
(174,101)
Transfers between funds
19
74,899
Net movement in funds
(99,202)
RECONCILIATION OF FUNDS
Total funds brought forward
226,158
TOTAL FUNDS CARRIED FORWARD
126,956		 Restricted
funds
£
13,786
-
388,165
-
-
-
-
401,951
-
334,522
1,646
1,119
43
337,330
64,621
(74,899)
(10,278)
193,533
183,255		 2023
Total
funds
£
64,996
209,994
408,378
42,174
5,500
12,661
4,446
748,149
2,400
650,711
82,709
37,312
84,497
857,629
(109,480)
-
(109,480)
419,691
310,211		 2022
Total
funds
£
96,058
210,226
365,343
29,001
18,074
5,539
4,866
729,107
-
647,088
61,242
59,113
47,979
815,422
(86,315)
-
(86,315)
506,006
419,691

The notes form part of these financial statements

Page 10

Swindon Dance (Registered number: 05467343)

Balance Sheet
31 March 2023
Notes
FIXED ASSETS
Tangible assets
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
17
NET ASSETS
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2023
£
40,795
22,929
329,991
352,920
(38,856)
314,064
354,859
(44,648)
310,211
126,956
183,255
310,211		 2022
£
54,355
20,618
482,060
502,678
(86,694)
415,984
470,339
(50,648)
419,691
226,158
193,533
419,691

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

Robert Jandy Sep 12, 2023 ............................................. R Jandy - Trustee

Victor Fung Sep 13, 2023 ............................................. V Fung - Trustee

The notes form part of these financial statements

Page 11

Swindon Dance

Cash Flow Statement

for the Year Ended 31 March 2023

Notes
Cash flows from operating activities
Cash generated from operations
22
Finance costs paid
Net cash used in operating activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2023
£
(151,971)
(98)
(152,069)
(152,069)
482,060
329,991		 2022
£
(48,064)
(51)
(48,115)
(48,115)
530,175
482,060

The notes form part of these financial statements

Page 12

Swindon Dance

Notes to the Financial Statements for the Year Ended 31 March 2023

1. GENERAL INFORMATION

Swindon Dance is a company limited by guarantee, without share capital, registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The charity's registration number and registered office address can be found in the trustees' report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.

There are no significant areas of judgements or key sources of estimation uncertainty.

Going concern

The charity made a loss of £99,202 on unrestricted funds for the year ended 31 March 2023. Free reserves have fallen to £86,161. Charity costs continue to remain high against ongoing low income due to a slower recover than predicted from the Cost-of-Living Crisis. Although the charity gained its NPO funding for the next three years this has been capped at 2015 levels placing further pressure on the Charity's earned income. The Charities Reserves Policy needs to be reviewed against increased running costs to ensure the level of reserves held are sufficient and can support the Charity through another proposed difficult financial year 2023-24. The trustees consider that there is no material uncertainties about the Charity's ability to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of a theatrical performance or provision of other specified service is deferred until the criteria for income recognition are met.

Donated services and facilities

Donated services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Direct expenditure is allocated between charitable activities, fundraising and governance as appropriate. All support costs are allocated to charitable activities based on the percentage of direct costs incurred on those activities.

Page 13

continued...

Swindon Dance

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Theatre and studio equipment - 20% on straight line basis and 10% on straight line basis Fixtures and fittings - 20% on straight line basis Computer equipment - 20% on straight line basis

Fixed assets costing more than £500 are capitalised at cost.

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 discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

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 estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The Charity is a member of The Wiltshire Pension Fund. The Scheme is a multi-employer scheme. The scheme has previously been accounted for as if it were a defined contribution scheme on the grounds that trustees decided that it would be too expensive and of limited benefit to users of the financial statements to obtain the valuation of the Charity's share of the scheme. The trustees have therefore continued to account for the scheme on a defined contribution basis. However the Trustees have negotiated a deal with Swindon Borough Council (SBC) whereby they guarantee any future shortfall in return for the Charity paying across a £36,607 pension deposit and £120,000 over a further 20 year period. Payments under this agreement started in year ended 31 March 2023. Details relating to the Wiltshire Pension Fund are provided in the notes to the accounts.

3. DONATIONS AND LEGACIES

Donations
Grants
Donated services and facilities		 2023
£
4,746
10,250
50,000
64,996		 2022
£
915
45,143
50,000
96,058

Donated services and facilities relates to the use of the property.

Page 14

continued...

Swindon Dance

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

3. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

Swindon Borough Council
Children in Need Grant
Foyle Foundation
4.
OTHER TRADING ACTIVITIES
Hire of premises
Miscellaneous income
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Revenue grants
Grants
Activities for young people
Centre for Advanced Training
fees
Activities for young people
Productions and
performances
Activities for young people
Summer school
Activities for young people
Youth groups
Activities for young people
Outreach
Activities for young people
Community classes
Community Dance
Diploma in dance pedagogy
fees and bursaries
Artist professional development
Pre Vocational Training fees
Artist professional development
Productions and
performances
Production and performances
Grants received, included in the above, are as follows:
Arts Council England (NPO funding)
Department for Education (Centre for Advanced Training)
Government grants		 2023
£
-
10,250
-
10,250
2023
£
4,194
252
4,446
2023
£
209,994
281,200
94,649
7,634
465
5,657
18,773
42,174
5,500
-
12,661
678,707
2023
£
209,994
281,200
-
491,194		 2022
£
15,143
10,000
20,000
45,143
2022
£
4,532
334
4,866
2022
£
210,226
272,288
68,994
-
-
5,234
18,827
29,001
8,487
9,587
5,539		 2022
£
15,143
10,000
20,000
45,143
628,183
2022
£
209,994
272,288
232
482,514

Page 15

continued...

Swindon Dance

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

6. RAISING FUNDS

Raising donations and legacies

Raising donations and legacies
Consultancy
CHARITABLE ACTIVITIES COSTS
Activities for young people
Community Dance
Artist professional development
Production and performances		 Direct
Costs
£
441,754
51,649
23,310
52,782
569,495		 2023
£
2,400
Support
costs (see
note 8)
£
208,957
31,060
14,002
31,715
285,734		 2022
£
-
Totals
£
650,711
82,709
37,312
84,497
855,229

7. CHARITABLE ACTIVITIES COSTS

8. SUPPORT COSTS

Activities for young people
Community Dance
Artist professional
development
Production and
performances		 Staff
costs
£
77,711
11,551
5,207
11,794
106,263		 Office
and
Governance
Premises
administration
costs
£
£
£
86,346
42,519
2,381
12,835
6,320
354
5,786
2,849
160
13,106
6,454
361
118,073
58,142
3,256		 Totals
£
208,957
31,060
14,002
31,715
285,734
Activity Basis of allocation
Staff costs Percentage of direct costs
Premises Percentage of direct costs
Office and administration Percentage of direct costs
Human resources Percentage of direct costs
Governance costs Percentage of direct costs

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£ £
Auditors' remuneration - 9,352
Depreciation - owned assets 13,560 14,620
Independent examination 3,000 -

Page 16

continued...

Swindon Dance

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Town Hall
Chief Executive
Education
Administration
Marketing
Centre for Advanced Training
Freelancers		 2023
£
305,231
15,412
7,703
328,346
2023
6
1
3
1
2
6
2
21		 2022
£
270,074
9,223
8,541
287,838
2022
5
1
5
1
1
4
4
21

No employees received emoluments in excess of £60,000.

The key management personnel of the charity, comprise the trustees and the Chief Executive Officer. The total employee benefits of the key management personnel of the charity were £51,379 (2022: £37,810 ).

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
65,615
Charitable activities
Revenue grants
210,226
Activities for young people
19,529
Community Dance
29,001
Artist professional development
8,487
Production and performances
5,539
Other trading activities
4,866
Total
343,263
EXPENDITURE ON
Charitable activities
Activities for young people
275,967
Community Dance
56,602
Artist professional development
42,407
Production and performances
44,908
Total
419,884		 Restricted
funds
£
30,443
-
345,814
-
9,587
-
-
385,844
371,121
4,640
16,706
3,071
395,538		 Total
funds
£
96,058
210,226
365,343
29,001
18,074
5,539
4,866
729,107
647,088
61,242
59,113
47,979
815,422

Page 17

continued...

Swindon Dance

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
NET INCOME/(EXPENDITURE)
(76,621)
(9,694)
(86,315)
Transfers between funds
84,080
(84,080)
-
Net movement in funds
7,459
(93,774)
(86,315)
RECONCILIATION OF FUNDS
Total funds brought forward
218,699
287,307
506,006
TOTAL FUNDS CARRIED FORWARD
226,158
193,533
419,691
13.
GOVERNMENT GRANT INCOME
2023
2022
£
£
Arts Council England
209,994
209,994
Department for Education
264,450
272,288
Coronovirus Job Retention Scheme grant
-
232
Swindon Borough Council
-
15,134		 Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
NET INCOME/(EXPENDITURE)
(76,621)
(9,694)
(86,315)
Transfers between funds
84,080
(84,080)
-
Net movement in funds
7,459
(93,774)
(86,315)
RECONCILIATION OF FUNDS
Total funds brought forward
218,699
287,307
506,006
TOTAL FUNDS CARRIED FORWARD
226,158
193,533
419,691
13.
GOVERNMENT GRANT INCOME
2023
2022
£
£
Arts Council England
209,994
209,994
Department for Education
264,450
272,288
Coronovirus Job Retention Scheme grant
-
232
Swindon Borough Council
-
15,134		 Restricted
funds
£
(9,694)
(84,080)
(93,774)
287,307
193,533		 Total
funds
£
(86,315)
-
(86,315)
506,006
419,691
2023
2022
£
£
209,994
209,994
264,450
272,288
-
232
-
15,134

There were no unfulfilled conditions or other contingencies attached to these grants. The charity has not directly benefited from any other forms of government assistance.

14. TANGIBLE FIXED ASSETS

Theatre
and
studio
equipment
£
COST
At 1 April 2022 and 31 March 2023
112,964
DEPRECIATION
At 1 April 2022
70,529
Charge for year
9,087
At 31 March 2023
79,616
NET BOOK VALUE
At 31 March 2023
33,348
At 31 March 2022
42,435
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income		 Fixtures
and
fittings
£
26,046
19,666
2,629
22,295
3,751
6,380		 Computer
equipment
£
51,680
46,140
1,844
47,984
3,696
5,540
2023
£
3,600
19,329
22,929		 Totals
£
190,690		 Totals
£
190,690
136,335
13,560
149,895
40,795
54,355
2022
£
15,057
5,561
20,618

Page 18

continued...

Swindon Dance

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Pensions liability
Accruals and deferred income		 2023
£
14,979
4,481
42
6,000
13,354
38,856		 2022
£
25,754
-
145
37,660
23,135
86,694

Included in accruals and deferred income is deferred income of £11,227 (2022: £8,368) which relates to income received in advance for courses, classes and performances held post year end.

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Pensions liability
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
funds
£
Fixed assets
40,795
Current assets
165,536
Current liabilities
(34,727)
Long term liabilities
(44,648)
126,956
MOVEMENT IN FUNDS
At 1.4.22
£
Unrestricted funds
General fund
226,158
Restricted funds
Centre for Advanced Training
176,613
PrimarySTEPS
5,205
Other restricted donations
1,377
Children in Need - Salto Juniors
6,969
Adult carers class
35
Salto - learning difficulties
651
Salto - adults
145
Theatre Trust
2,150
Digital platform
388
193,533
TOTAL FUNDS
419,691		 Restricted
funds
£
-
187,384
(4,129)
-
183,255
Net
movement
in funds
£
(174,101)
61,038
2,506
-
2,143
1,466
(899)
(145)
(1,100)
(388)
64,621
(109,480)		 2023
£
44,648
2023
Total
funds
£
40,795
352,920
(38,856)
(44,648)
310,211
Transfers
between
funds
£
74,899
(67,527)
(4,650)
-
(2,314)
(656)
248
-
-
-
(74,899)
-		 2022
£
50,648
2022
Total
funds
£
54,355
502,678
(86,694)
(50,648)		 2022
£
50,648
419,691
At
31.3.23
£
126,956
170,124
3,061
1,377
6,798
845
-
-
1,050
-
183,255
310,211

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

19. MOVEMENT IN FUNDS

Page 19

continued...

Swindon Dance

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

19. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Centre for Advanced Training
PrimarySTEPS
Centre for Advanced Training - talent
spotting, outreach and recruitment
Children in Need - Salto Juniors
Adult carers class
Salto - learning difficulties
Salto - adults
Theatre Trust
Digital platform
TOTAL FUNDS		 Incoming
resources
£
346,198
350,788
4,682
32,695
10,250
3,070
466
-
-
-
401,951
748,149		 Resources
Movement
expended
in funds
£
£
(520,299)
(174,101)
(289,750)
61,038
(2,176)
2,506
(32,695)
-
(8,107)
2,143
(1,604)
1,466
(1,365)
(899)
(145)
(145)
(1,100)
(1,100)
(388)
(388)
(337,330)
64,621
(857,629)
(109,480)		 Resources
Movement
expended
in funds
£
£
(520,299)
(174,101)
(289,750)
61,038
(2,176)
2,506
(32,695)
-
(8,107)
2,143
(1,604)
1,466
(1,365)
(899)
(145)
(145)
(1,100)
(1,100)
(388)
(388)
(337,330)
64,621
(857,629)
(109,480)
64,621
(109,480)

Comparatives for movement in funds

Unrestricted funds
General fund
Designated legacy income
Restricted funds
Centre for Advanced Training
Diploma in dance pedagogy (DDP)
Threatre Maintenance Fund
PrimarySTEPS
Other restricted donations
Children in Need - Salto Juniors
Adult carers class
Salto - learning difficulties
Salto - adults
Pre Vocational Training
Culture recovery fund
Theatre Trust
Digital platform
TOTAL FUNDS		 At 1.4.21
£
170,092
48,607
218,699
226,051
(2,305)
(443)
5,563
1,377
8,616
898
3,870
775
10,457
30,298
2,150
-
287,307
506,006		 Net
movement
in funds
£
(76,621)
-
(76,621)
15,930
-
254
3,217
-
3,869
(720)
(2,520)
(630)
(3,857)
(25,625)
-
388
(9,694)
(86,315)		 Transfers
between
funds
£
132,687
(48,607)
84,080
(65,368)
2,305
189
(3,575)
-
(5,516)
(143)
(699)
-
(6,600)
(4,673)
-
-
(84,080)
-		 At
31.3.22
£
226,158
-
226,158
176,613
-
-
5,205
1,377
6,969
35
651
145
-
-
2,150
388
193,533
419,691

Page 20

continued...

Swindon Dance

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

19. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Centre for Advanced Training
Threatre Maintenance Fund
PrimarySTEPS
Centre for Advanced Training - talent
spotting, outreach and recruitment
Children in Need - Salto Juniors
Adult carers class
Salto - learning difficulties
Salto - adults
Pre Vocational Training
Culture recovery fund
Digital platform
TOTAL FUNDS		 Incoming
resources
£
343,263
313,237
443
4,532
28,045
10,000
-
-
-
9,587
-
20,000
385,844
729,107		 Resources
Movement
expended
in funds
£
£
(419,884)
(76,621)
(297,307)
15,930
(189)
254
(1,315)
3,217
(28,045)
-
(6,131)
3,869
(720)
(720)
(2,520)
(2,520)
(630)
(630)
(13,444)
(3,857)
(25,625)
(25,625)
(19,612)
388
(395,538)
(9,694)
(815,422)
(86,315)

Centre for Advanced Training: This offers advanced dance training for exceptionally talented young dancers. The fund includes amounts received from the Department for Education and South Glos College.

Diploma in dance pedagogy (DDP - formerly DDTAL): Funding received to deliver a professional qualification for dance artists and practitioners.

PrimarySTEPS: Funding received from the Royal Ballet School to deliver the Primary STEPs programme which sends accredited ballet teachers into schools.

Centre for Advanced Training - Talent spotting, outreach and recruitment: funds received from The Department for Education to raise aware of the Centre for Advanced Training scheme, whilst seeking out young performers with exceptional talent and potential.

Children in need - Salto Juniors: Funding to deliver dance lessons for children and young people with learning disabilities which will increase self-esteem, social skills and physical mobility.

Other restricted donations: Swindon Dance received the donations for various purposes.

Theatre maintenance fund - various grants towards the refurbishment of the theatre

Theatre improvement - grant towards the improvements to the theatre

Adult carers class - donation towards weekly dance classes for carers in swindon

Salto - learning difficulties - donation towards the Salto dance group

Salto - adults - donation to support Salto 16+ Disability Dance group to pay for a live musician during their class and for the opportunities got them to watch a dance performance in a safe and relaxed environment.

Pre vocational training - Funding received to deliver a two Access to Higher Education Diploma's in dance or urban dance

Culture recovery fund - funding from Arts Council to support the charity following the impact of COVID19

Theatre Trust - funding towards the reopening costs

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Swindon Dance

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

19. MOVEMENT IN FUNDS - continued

Transfers between funds

The following transfers between funds have been made in the year in respect of the management charge and space hire allowances built into the income received;

Transfer from Transfer to £
Management charge
Restricted fund - Centre for Advanced Training General fund 37,980
Space Hire
Restricted fund - Centre for Advanced Training General fund 29,546
Restricted fund - Children in Need Salto Juniors General fund 2,314
Restricted fund - PrimarySTEPS General fund 4,650

20. EMPLOYEE BENEFIT OBLIGATIONS

The Charity is a member of The Wiltshire Pension Fund. The Scheme is a multi-employer scheme.

Although the charity has not included the liability and disclosures necessary to account for the defined benefit pension scheme under the normal reporting standards, it had negotiated with Swindon Borough Council (SBC) to pay £156,607 over the next 20 years in exchange for them taking over the liability. This agreement has been signed by the charity and SBC. These payments have been discounted to a liability of £88,308 to reflect the present value of these future cashflows using a 4.3% discount factor. The liability is include in note 15 and note 16. Repayments under this agreement started in year ended 31 March 2023.

The cost for the period was £2,625 (2022 - £4,534). At 31 March 2023 outstanding contributions were £Nil (2022 - £Nil).

The charity also makes payments to NEST, a defined contribution scheme. The costs for the period was £5,085 (2022: £4,006). At 31 March 2023 outstanding contributions were £Nil (2021 £Nil).

21. RELATED PARTY DISCLOSURES

The Trustee, R Chappell, was paid £1,500 (2022: £1,270) during the year for providing services as Associate Artist. This payment does not relate to services as a trustee.

There were no other related party transactions during the year.

22. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Finance costs
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash used in operations		 2023
£
(109,480)
13,560
98
(2,311)
(53,838)
(151,971)		 2022
£
(86,315)
14,620
51
12,049
11,531
(48,064)

23. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.22 Cash flow At 31.3.23
£ £ £
Net cash
Cash at bank and in hand 482,060 (152,069) 329,991
482,060 (152,069) 329,991
Total 482,060 (152,069) 329,991

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Swindon Dance

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

23. ANALYSIS OF CHANGES IN NET FUNDS - continued

Signature:

rob jandy (Sep 12, 2023 15:24 GMT+1)

Email: rpjandy@googlemail.com

Signature:

Email: victor.fung@pdsw.org.uk

Signature:

Email: james.gare@monahans.co.uk

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