|Pavilion D|Pavilion D|ance South West Limited|ance South West Limited||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Reference||and administrative
details|||||||||| |For the|ear ended 31||March 2023||||||||| |Company||number|03231304||||||||| |Charity|number||1111641||||||||| |Registered||office and|Westover Road||||||||| |operational||address|Bournemouth||||||||| ||||Dorset||||||||| ||||BH1 2BU||||||||| |Trustees|||Trustees,
who are also directors
under||||company|law, who served||during|| ||||the year and up|to the date|ofthis report were as follows:||||||| ||||JAgunbiade||appointed||20 April 2022 8 resigned 22||||| ||||||November||2022||||| ||||M J Cleaver||||||||| ||||R Cossou||resigned|22 November|||2022||| ||||L Diallo||resigned|11August 2022|||||| ||||0 Girling||||||||| ||||J Joy||appointed||23 March 2023||||| ||||H Malone||appointed||23 March 2023||||| ||||T Marden||Co-Chair|until 23 March|||2023||| ||||M H Nabirye||Co-Chair|until 23 March|||2023||| ||||E Nixon||Chair, appointed
23 March 2023||||||| ||||N Player||appointed||6 September||2022||| ||||ESosseh||resigned|20 April 2022|||||| ||||J Ward||appointed||6 October 2022||||| ||||A M Weyman||resigned|8|February 2023||||| |Chief executive officer|||Zannah
Chisholm||resigned|29 May 2022|||||| ||||Victor Fung||Artistic Director and Joint CEO, appointed||||||19| ||||||July 2022||||||| ||||Helen Keall||Executive||Director and||Joint CEO, appointed||| ||||||30 May 2022||||||| |Bankers|||Bank ofScotland||||||||| ||||33 Old Broad Street London||Branch||||||| ||||PO Box1000||||||||| ||||BX2 1LB||||||||| |Auditors|||Godfrey Wilson|Limited|||||||| ||||Chartered
accountants
and||statutory|auditors|||||| ||||5th Floor Mariner House||||||||| ||||62 Prince Street||||||||| ||||Bristol||||||||| ||||BS14QD||||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Income||||| |---|---|---|---|---| |Donations
and legacies||||181,128| |Charitable
activities||||729,673| |Other trading
activities||||97,495| |Investments||||1| |Total income||||1,008,297| |Expenditure||||| |Raising funds||||111,615| |Charitable
activities||||923,915| |Total expenditure||||1,035,530| |Net income/expenditure||2022-23||(27,233)| |Total funds brought|forward||from 2021-22|358,142| |Total funds carried|forward||into 2023-24|330,909| ## ## ## ## ## ## ## ## ## ## ## |irs while we recruited
role in March 2023.|a new Chair - Ed|die Nixon,
| |---|---|---| |Trustees' attendance|at board meetin|s 2022-23| |M Nabi
e||6/6| |M Cleaver||6/6| |T Marden||5/6| |AWe
man||5/6| |0 Girlin||4/6| |NPla er||3/3| |L Diallo||2/3| |J Ward||2/2| |ESosseh||1/2| |R Cossou||1/2| |J A unbiade||0/2| ## ## ## |For the
ear ended 31 March 2023|For the
ear ended 31 March 2023||||||| |---|---|---|---|---|---|---|---| |All Trustees are inducted
and
provided||with
full information
on the organisation's
policies,|||past and||| |current
programmes
and
future
aspirations
and
plans.
Trustees
are
able
to|||attend|||training|| |programmes
or professional
development
as appropriate.|||||||| |The|Board supports
the executive
Leadership
Team,
led
by the Artistic
Director||and||Executive||| |Director as Joint CEOs.
The organisation
transitioned
to this joint leadership
model
in|||||July||2022,| |following
the departure
in May 2022 of||the former CEO Zannah
Chisholm.
Executive|Director||||Helen| |Keall stepped
up as Joint CEO at the||beginning
of June and was joined
by Victor|Fung||as||Artistic| |Director Joint CEO
in mid-July.
They||are supported
by a Senior Management
Team which|||||meets| |weekly
and consists of: Artistic
Director,
Executive
Director,
Marketing
& Communications|||||Manager||| |and|Venue Manager.
This allows collective deputising
for the Joint CEOs and spreading|||knowledge|||| |and|risk. The Joint CEOs take ultimate|responsibility.|||||| |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.
The||Risk Register
is a standing
agenda
item for|Board||meetings||| |and|is updated
in advance ofevery meeting.||||||| ||Ke
risks in 2022-23|Miti ations|||||| ||Government
austerity
measures|Developing
and articulating
an innovative,
quality||offer|||| ||impact on ability to raise funds.|with evidenced
outcomes
and impact.|||||| |||Continuin
robust financial
lannin
and bud|etin||||| ||Inflation
and
cost
of
living|Increasing
and
diversifying
income
base,|including||||| ||increases
put
pressure
on|earned
income generation,
philanthropy
and new grant|||||| ||overheads
and salaries.|sources.|||||| |||Continuin
robust financial
lannin
and bud|etin||||| ||Reduction
of
grants
from
core|ACE funding
secured
at stand-still
level for|2023-26.||||| ||revenue
funders
Arts
Council|BCP
funding
cut
proposed
for
23-24|reversed||||| ||England
and
Bournemouth,|following
lobbying
by cultural orgs.|||||| ||Christchurch
8 Poole Council.||||||| |||Maintaining
strong
strategic
relationships|with||key||| |||decision
influencers
and
makers
in ACE and||BCP|||| |||council.|||||| |||Engaging
actively
in
local
strategic
developments,|||||| |||demonstrating
the
positive
impact
of our|work||on||| |||uali
of life in BCP council area.|||||| ||Lease
formalising
PDSW's|Lease
negotiations
concluded
with
BCP|Council||||| ||occupancy
of part of the
Pavilion|(superior
landlord).
Discussions
continuing|between||||| ||Theatre
building
remains
unsigned.|BCP Council and BH Live (landlord).|||||| ||Risk
of
staff
burnout
due
to|Careful Business
Planning
to prioritise capacity|||||| ||pressures
of post-Covid
recovery|Clear roles and responsibilities
for each post.|||||| ||and
delivering
programmes
with||||||| ||reduced team.||||||| ||Slow
return
of
customers
post|Close
monitoring
of data
around
income|targets,||||| ||Covid-19 and due to cost of living|enabling
corrective action
in a timely manner.|||||| ||ressures.||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2023|2022| |---|---|---|---|---|---|---|---| |||||Restricted|Unrestricted|Total|Total| ||||Note||||| |Income from:|||||||| |Donations
and||legacies|3|1,080|180,048|181,128|188,421| |Charitable
activities|||4|53,109|676,564|729,673|722,938| |Other trading|activities||5||97,495|97,495|57,195| |Investments|||||1|1|67| |Total income||||54,189|954,108|1,008,297|968,621| |Expenditure
on:|||||||| |Raising funds|||||111,615|111,615|83,626| |Charitable
activities||||36,004|887,911|923,915|1,002,155| |Total expenditure|||7|36,004|999,526|1,035,530|1,085,781| |Net income I(expenditure)||||18,185|(45,418)|(27,233)|(117,160)| |Transfers
between||funds||3,000|(3,000)||| |Net movement
in||funds|8|21,185|(48,418)|(27,233)|(117,160)| |Reconciliation
of||funds:|||||| |Total funds brought||forward||49,500|308,642|358,142|475,302| |Total funds carried forward||||70,685|260,224|330,909|358,142| ## ## ## |||||||2023|2022| |---|---|---|---|---|---|---|---| |||||Note|||| |Fixed assets|||||||| |Intangible assets||||11||541|3,591| |Tangible assets||||12||19,612|38,984| |||||||20,153|42,575| |Current assets|||||||| |Stock||||13|691||944| |Debtors||||14|26,572||41,175| |Cash at bank|and|in hand|||387,225||380,726| ||||||414,488||422,845| |Liabilities|||||||| |Creditors: amounts||falling due within|1 year|15|103,732)||(107,278)| |Net current|assets|||||310,756|315,567| |Net assets||||17||330,909|358,142| |Funds||||18|||| |Restricted
funds||||||70,685|49,500| |Unrestricted|funds||||||| |General|funds|||||260,224|308,642| |Total charity|funds|||||330,909|358,142| ## ## ## |For the
|ear ended 31 March 2023|||||| |---|---|---|---|---|---|---| ||||||2023|2022| |||||Note||| |Cash used in operating
activities:||||||| |Net cash|provided
by I (used in) operating||activities|19|9,056|23,155| |Cash flows from investing
activities:||||||| |Dividends,
Purchase|interest and rents from investments
oftangible
fixed assets||||1
~2,558|67
~16,092| |Net cash|used
in investing
activities||||~2552 ,|~16,025| |Increase|in cash and cash equivalents|in|the year||6,499|7,130| |Cash and|cash equivalents
at the beginning||ofthe year||380,726|373,596| |Cash and|cash equivalents
at the end|of|the year||387,225|380,726| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2.|Prior period com|parative|s:
st|atement
offinancial act|ivities||| |---|---|---|---|---|---|---|---| ||||||||2022| ||||||Restricted|Unrestricted|Totalf| ||Income from:||||||| ||Donations
and legacies||||485|187,936|188,421| ||Charitable
activities||||17,725|705,213|722,938| ||Other trading|activities||||57,195|57,195| ||Investments|||||67|67| ||Total income||||18,210|950,411|968,621| ||Expenditure
on:||||||| ||Raising funds|||||83,626|83,626| ||Charitable
activities||||69,759|932,396|1,002,155| ||Total expenditure||||69,759|1,016,022|1,085,781| ||Net income I(expenditure)||||(51,549)|(65,611)|(117,160)| ||Transfers
between|funds|||(55)|55|| ||Net movement
in|funds|||(51,604)|(65,556)|@117,160)| |3.|Income from donations||and legacies||||| ||||||||2023| ||||||Restricted|Unrestricted|Total| ||||||F|E|| ||Donations||||155|6,272|6,427| ||Donated services|and facilities*|||925|173,776|174,701| ||Total income from donations|||and legacies|1,080|180,048|181,128| ||Prior period comparative:||||||2022| ||||||Restricted|Unrestricted|Total| ||||||F|E|F| ||Donations||||485|3,892|4,377| ||Legacies|||||11,054|11,054| ||Coronavirus
Job Retention||Scheme and other support|||3,150|3,150| ||Donated services|and facilities*||||169,840|169,840| ||Total income from donations|||and legacies|485|187,936|188,421| ## ## ## |Income from charitable
a|ctivi|ties|||||| |---|---|---|---|---|---|---|---| ||||||||2023| ||||||Restricted|Unrestricted|Totalf| |Artistic income
—including|performances|||and classes||98,139|98,139| |Collaboration
income - Arts University|||Bournemouth|||56,346|56,346| |Grant income:|||||||| |Arts Council NPO||||||393,322|393,322| |Bournemouth
Christchurch|Poole Council|||||114,000|114,000| |Arts Council - National
Lottery|||||26,249||26,249| |Children
in Need|||||10,300||10,300| |Kickstart Scheme||||||6,437|6,437| |Other grants (under E5,000)|||||16,560|8,320|24,880| |Total income from charitable||activities|||53,109|676,564|729,673| |Prior period comparative:|||||||| ||||||||2022| ||||||Restricted|Unrestricted|Total| ||||||F|E|E| |Artistic income - including|performances|||and classes||78,575|78,575| |Collaboration
income - Arts University|||Bournemouth|||55,687|55,687| |Grant income:|||||||| |Arts Council NPO||||||393,322|393,322| |Bournemouth
Christchurch|Poole Council|||||114,000|114,000| |Bournemouth
Christchurch|Poole Council|||- ARG|||| |Strategic Cultural
Business|Support (Covid-19)|||||35,000|35,000| |Bournemouth
Christchurch|Poole Council|||- Arts by the|||| |Sea||||||10,000|10,000| |Children
in Need|||||9,950||9,950| |Other grants (under F5,000)|||||7,775|18,629|26,404| |Total income from charitable||activities|||17,725|705,213|722,938| ## ## ## |Income from other trading
activi|ties|||| |---|---|---|---|---| |||||2023| |||Restricted|Unrestricted|Totalf| |Merchandise|||1,222|1,222| |Barsales|||9,306|9,306| |Corporate events|||22,472|22,472| |Venue hire income|||64,495|64,495| |Total income from other trading|activities||97,495|97,495| |Prior period comparative:||||| |||||2022| |||Restricted|Unrestricted|Total| ||||E|E| |Merchandise|||573|573| |Barsales|||6,158|6,158| |Corporate events|||5,111|5,111| |Venue hire income|||45,353|45,353| |Total income from other trading|activities||57,195|57,195| ## |||||||m
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I—| ## ## ## |||||2023|2022| |---|---|---|---|---|---| |||||E|F| |Depreciation||||17,800|11,755| |Amortisation||||3,050|4,675| |Loss on|disposal offixed assets|||4,130|995| |Operating|lease payments|||3,026|3,350| |Trustees'|remuneration|||Nil|Nil| |Trustees'|reimbursed|expenses||102|93| |Auditors'|remuneration:||||| ||~ Statutory|audit (excluding|VAT)|6,250|5,850| |Staff costs and numbers
Staff costs were as follows:||| |---|---|---| ||2023|2022| |||E| |Salaries and wages|457,580|418,315| |Social security costs|36,888|31,315| |Pension costs|13,277|12,408| ||507,745|462,038| ## ## ## ## ## |Intangible
fixed assets|| |---|---| ||Website| |Cost|| |At 1 April 2022 and at 31 March 2023|14,021| |Amortisation|| |At 1 April 2022|10,430| |Charge for the year|3,050| |At 31 March 2023|13,480| |Net book value|| |At 31 March 2023|541| |At 31 March 2022|3 591| ## |Tangible fixed assets|||||| |---|---|---|---|---|---| ||Dance|Fixtures|Office|Computer|| ||equipment|and fittings|equipment|equipment|Total| ||F|P||F|| |Cost|||||| |At 1 April 2022|73,198|42,010|9,158|22,088|146,454| |Additions
in year
Disposals|603
~34,882|~28,783|~7,448|1,955|2,558
~71,111| |At 31 March 2023|38,919|13,227|1,712|24,043|77,901| |Depreciation|||||| |At 1 April 2022|49,575|34,227|7,708|15,960|107,470| |Charge for the year|9,523|3,207|428|4,642|17,800| |On disposals|(32,337)|(27,547)|(7,097)||(66,981)| |At 31 March 2023|26,761|9,887|1,039|20,602|58,289| |Net book value|||||| |At 31 March 2023|12,158|3,340|673|3,441|19,612| |At 31 March 2022|23,623|7,783|1,450|6,128|38,984| ## ## ## |13.|Stock||||||| |---|---|---|---|---|---|---|---| |||||||2023|2022| |||||||E|E| ||Merchandise|||||691|944| |14.|Debtors||||||| |||||||2023|2022| ||||||||F| ||Trade debtors|||||11,598|23,038| ||Prepayments|||||12,074|3,091| ||Other debtors|||||2,900|15,046| |||||||26,572|41,175| |15.|Creditors: amounts|||due within|1 year||| |||||||2023|2022| |||||||E|| ||Trade creditors|||||34,124|30,105| ||Accruals|||||10,343|13,635| ||Deferred|income|(note 16)|||45,281|44,949| ||Other taxation and social security|||||7,097|9,114| ||VAT|||||3,886|5,772| ||Other creditors|||||3,001|3,703| |||||||103,732|107,278| |16.|Deferred|income|||||| |||||||2023|2022| |||||||f.|E| ||At 1 April|2022||||44,949|32,364| ||Deferred
Released|during
during|the year
the year|||45,281
~(44,949|44,949
~32,364| ||At 31 March 2023|||||45,281|44,949| ## ## ## ## |||Restricted|General|Total| |---|---|---|---|---| |||funds|funds|funds| |Tangible|fixed assets||20,153|20,153| |Current|assets|70,685|343,803|414,488| |Current|liabilities||~103,732|~103,732| |Net assets at 31 March 2023||70,685|260,224|330,909| |||Restricted|General|| |Prior period comparative||funds|funds|Total funds| |||E||| |Tangible|fixed assets||42,575|42,575| |Current|assets|49,500|373,345|422,845| |Current|liabilities||(107,278)|(107,278)| |Net assets at 31 March 2022||49,500|308,642|358,142| ## ## ## |Movements
in|fund|s|||||||| |---|---|---|---|---|---|---|---|---|---| ||||||||Transfers||| ||||At 1 April||||between|At|31 March| ||||2022|Income||Expenditure|funds||2023| |Restricted funds|||||||||| |Quay School|||393|||(393)|||| |Parkinson's
Dance|||4,073||2,389|(2,753)|||3,709| |Surf The Wave|||4,499|||(376)|||4,123| |RIO Challenge|Fund||30,768|||(10,812)|||19,956| |Active Dorset|||1,017|||(1,017)|||| |Children
in Need|||8,750||10,455|(8,798)|||10,407| |Le Club Social|||||17,519|(4,180)|3,000||16,339| |Plastic Paradiso|||||18,826|(7,675)|||11,151| |Dance Along the South Coast|||||5,000||||5,000| |Total restricted|funds||49,500||54,189|36,004|3,000||70,685| |Unrestricted
funds|||||||||| |General
funds|||308,642|954,108||(999,526)|(3,000)||260,224| |Total unrestricted||funds|308,642|954,108||(999,526)|(3,000)||260,224| |Total funds|||||||||330,909| |Purposes of restricted funds|||||||||| |Quay School|||Funds
raised|from|Rotary|Club and PDSW|staff challenge||event
in| ## ## ## ## ## |For|the
ear ended 31 March 2023|||||| |---|---|---|---|---|---|---| |18.|Movements
in funds (continued)|||||| ||Prior period comparative||||Transfers|| |||At 1 April|||between|At 31 March| |||2021|Income|Expenditure|funds|2022| |||||E||| ||Restricted funds|||||| ||Catalyst Evolve|16,506||(16,506)||| ||Quay School|458|(65)|||393| ||Parkinson's
Rollout|187||(187)||| ||Parkinson's
Dance|6,417|550|(2,894)||4,073| ||Dorset Community
Foundation-|||||| ||Reawakenings|20||(20)||| ||Surf The Wave||4,750|(196)|(55)|4,499| ||National
Showcasing|905||(905)||| ||RIO Challenge
Fund|39,241||(8,473)||30,768| ||Women Leaders|27,720|3,025|(30,745)||| ||Paul Hamlyn
Foundation|6,650||(6,650)||| ||Active Dorset|3,000||(1,983)||1,017| ||Children
in Need||9,950|1,200||8,750| ||Total restricted funds|101,104|18,210|||| ||Unrestricted
funds|||||| ||Designated
funds:|||||| ||Repairs and maintenance|30,000|||(30,000)|| ||Capital improvements|30,000|||(30,000)|| ||HR contingency|30,000|||(30,000)|| ||Cultural
Recovery Fund 2|99,267||(99,267)||| ||Vibrotactice
floor development||1,000|1,000||| ||Total designated
funds|||||| ||General
funds|184,931|949,411|||| ||Total unrestricted
funds||||55|308,642| ||Total funds|||||358,142| ## ## ## |Reconciliation
ofnet movem|ent|in funds to net cash flow f|rom operating
activities|| |---|---|---|---|---| ||||2023f|2022f| |Net movement
in funds|||(27,233)|(117,160)| |Adjustments
for:||||| |Depreciation
and amortisation|charges||20,850|16,430| |Dividends,
interest and rents|from|investments|(1)|(67)| |Loss on the sale offixed assets|||4,130|995| |(Increase)
/ decrease
in stock|||253|(201)| |Decrease
in debtors
Increase
/ (decrease)
in creditors|||14,603
~3,546|113,926
9,232| |Net cash provided
by operat|ing|activities|9,056|23,155| ## ## |Operating
lease commit|Operating
lease commit|ments|||| |---|---|---|---|---|---| |The charity had operating||leases at the year end with total future|minimum|lease payments|as follows:| |||||2023|2022| |||||f|F| |Amount|falling due:||||| |Within|1 year|||471|2,793| |Within|1 - 5years|||431|902| |||||902|3,695|