2022-03-31-accounts

R•gistgrgd numb•r: 06548321 Charty nurnbei: 1125342 NEW ADVENTURES CHARITY (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 "A8D16R2kl' 28109r2022 COMPANIES HOUSE A18

NEW ADVENTURES CHARITY IA ¢(￿panY limited by guarantee) CONTENTS Page Chairfs Introductlon Tru¥tees' report 3-19 Referenc? and administralive details 20 Independent audltor8' report on the financlal 8tatements 21-24 Consolldalod stst•m•nt of financial activiti•s 25 Consolidated balance sheet 26 Charlty balance shBel 27 Consolidated statemenl of cash flows 28 Noles lo th• fin¥n¢i•l statements 29-48

NEW ADVENTURES CHARITY (A comyny Ilmlled by guarante•l CHAIR'S INTRODUCTION FOR THE YEAR ENDED 31 MARCH 2022 Consistently brilliant is the best way to describe Wv Adventu￿$ because a year on from Wfiting my last ststement I can once again state just h(yhT proud l am of the achievements of this company over the ￿e1ve months. The world continues lo change. and New Adventures remains excepbonally agile and resilient through a continued difficult time for the Creative Industr*s. Having been decimated by the pandemic. the Arts rb)w faces Unpre￿dented financial pressure from inflation. and dance which is fuelled by the energy and patronage of audiences contsnues to suffer tren￿ndoU￿y. But challenges can prodLKe great character and V+e have retumed to deliver wortd class perf0m￿nCe on stage in 2021-22. Matthew Bourne, alongstde his creative team of associate arkn"sls. has created The Midnight Bell - a bold new large lo mid-scale producb"on. The World Premiere enticed audiences back to theatres. reaching an audieno of 42,733, and reminded us of unNersal passon for dance. Crib"cs were also sed¥J¢ed by the passion and originality of this new worf(. This was followed by our annual large-sta￿ produ¢tion, a tour of Nutcrackerl back wlh a fresh touch, beautiful costumes and staging. and fabulous dance talent to boot - it was seen by 149.703 people across all regicffls of England arKI the UIQ We continue lo expand our Take Part straThJ of work. to find and develop creative ways to engage communitses. .work with schwls and young people and supwt tslent development. This is proving to be significant part of our N¢w Adventures USP. Our devek)pmenl of daft￿r5 ly)th pre-professional and then sustaining Careers, reached a total of 1.273 people in 2021-22. We L4un¢hed Cygnet School for ten underserved young dancers in the South East. and Doorstep Duels, our response to social isolation saw us take dance to 67 places, seen by 4,578 people. Both thv&e rwi inilkgtives will continue this year. We continue to develop REEL Adventures. our online digital strand of wod( and a vital and successful source of connection befvleen ourselves. our audiences, and the dance world. The programme in¢lutJes professional classes and workshops which attracted over 6C41 parti￿pants in 2021-22. Sky Arts broadcast Swan Lake and Romeo and Juliel and the BBC broadcast The Red Shoes, with over half a million broadcast and on-line views in total. There were also 102 cinema screenings that were seen by over 10.Crf)O Fwple. This is no mean feat at In 2022-23 we have already delivered a Memorable arena version of The Car Man at The Royal Albert Hall. as part of their 150th anniversary celebralions. and a summer tour of Doorstep Duets. across the South East region, ￿a¢hIng 9 levelling up places. We a￿ al)out to begin rehearsals for our iarge-scale production of a reimagined Sleeping Beauty, touring to 16 venues across the UK. and we are planning a return lo Intemalional touring next year. No rest for the talented and bfessedl I want lo record my thanks to the whole Adventures family. Our brilliant leadetshlp team, incredibl¥ ¥Lall, magnifi￿ftt lour managerrenl teams and all our freelan¢e arb"sts, dancers. technicians, and others, who ensu we 'open up a world of JOY. WONDER. CONNECTION and CREATivirY' Page 1

CHAiirs IpirRODUCTION ICOMTINUED) FOR THE YEAR ENDED 31 MARCH 20 phenomenal Exec4JtNe' Dwet#or IMOg￿ IQnd￿n. Her terHO aryj split keF u5 CFtimisb¢ of hw reL¥)very and c￿ntinue to seThJ our love aTrJ SLVPJrt to Imopn and her family as she ￿ntinUeS her journey to gcod heath. I want lo take this OPFQrtunty tr) say a hugo thank you to Kim Grant for stgpping in to supkN)rt Imcgen and the team the Ditense around the kn Couni?l NPO AF91￿tIl￿. Fk8r professionall￿ and ilLg have been admirable. al￿ we extend inNYasurablo thanks to lfjm for this. 18180 neeoj to 8xtsnd huge gralibJd8 to our driven aThJ talentgj Tn￿. ￿ntinue to provide th8 mogt incredible wemance. leadership. suprA)rt and protttth)n to N84¥ Aknntures. Tcsetherwe work for the g￿t Finalty. I want to formally record our heartfett COngra￿l￿tily1$ to our ￿XIate Arbstic Director Etta Murfitt on her MBE for SeThices to DarKe and s)ur Gr￿p Managing DIr￿r Robèrt Nots￿ on hi5 OBE for to the Pforming Arts a4•rarded in tro Quèèn's Jutilee H(yKuTr 21Y22. Well desaved! Brnnda Emmanus OBE Chair, New Adventures

NEW ADVENTURES CHARITY IA Company limit¢d by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Trustees present their annual report together with the audited financial statements for 1 April 2021 to 31 March 2022. The Trustees confirm that the Annual Report and financial stslements of the company comply with the current statutory requirements. the requiremenls of the company's governing document and the provisions of the Stalemenl of Recomrnended Practice ISORP), appluble to charrties plepariry their accounts in accordanee with the Financial RePo￿"ng Standard appluble in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191. Since the charity and the group quaIrf￿5 as small under section 383. the strategic report required of medium and large companEs under The Companies Act 2006 (Strategic Report and Direclorfs Report) Regulations 2013 is not required. GOVERNANCE AND PdANAGEMENT Constitution The Charity 15 controlled by its governing docunEnL a deed of trus( and constiiules a limited company, limited by guarantee, as defined by the Companies Act 2006. The charity is a company limited by guarantee and not having a Share tspitsl, ineorporaled on 29 March 2008 and govemed by the Memorandum and ArtJ"eles of As$￿at￿. In accordance the Memrandum and Articles of Association. there musl be at least three Trustees. Method of appointment or election of Tntstees The charity's elected Trustees are appointed at a meeting of the Board of Trustees. following an open recruitrnent proces4 based on relevant attributes Inc1￿j1n9 per50nal competen¢e, $pecialisl skills and availability. Policies adopted for the indu¢lion and training of Tntst¢es New Trustees are provided wrth copies of the Chanty Commission guidelines on Tnjstee Responsibilities, the charity's goveming document, the last annual rewtrrt and accounts and other important information. All Trustees take part in a formal inductton pr(Kess to ensure they have a sufficient understanding of the charity's activities and resour￿$ to enable them lo fulfil their duties. Organisational structure and decision making The goveming body ￿rnpriSeS the Trustees in accordan￿ wrth the Artides of Association of the company. The Trustees of the charity determine ils general wlicy aThJ are legally reSP￿sIble for the overall management of the eharity. Day-tLxlay Managen￿nI is delegated to the directors coryrising of the Artistsc Director. Group Managing Director and Executs"ve Diredor. The board has recently sel up a Finance & Audit Committee and a Development Committee, both can have extemal rnembers with relevant expenence and skills. Both meet four ￿'Me$ a year, prior lo the board meets'ngs. TTUStees have diverse Televant experience and 5kils to meet the needs of the chafity and we regularly carry oul a trustee skills a¥Jdit to ensure this is maintained. We rects3nise the importance of advocacy and work closely wilh the right tools to promote and represent our work. Our currenl t#)ard comprises 7 females and 3 males, 3 of the trustees identify as ethnicalty diverse and the ages range from 20 to 75+ We are proud to be led by a female Chair Brenda Errmanus OBE. Page 3

NEW ADVENTURES CHARI IA company 1Smited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 IAARCH 2022 Risk management The Trustees have conducted a review of the major areas of risk to which the chanty is exposed. ￿ere appropriate systems have been estsblished to mittgate those risks. Intemal conlfol risks are minimised by implementabon of prcÉedures for aLrthorisath)n of transact￿$ and projects. The key risks currently being managed include common ones for the sector. arouThJ Ihe impact of the gkibal pandemic. funding. inflation, staff retention and slaff cap•. CHARITABLE OBJECTIVES The objectives of the charity as set out in the Memorandum and Articles are. To advance the educats.on of young people, dance artists and the general public partrculady but not exclusively through the provision of workshc4)s and dasses with specific but not exciusive reference lo th8 dance chorecgraphy of Matthew Boume. To advance the arts for the benefit of the genefal public by encouragement of access to and engagement with the art of dance. OVERVIEW For 35 years New Adventures has made a major contn"bulion lo the popularrty of dance in Britain, creating works that have altered the publ￿ perception of what is FM)ssible wthen rt comes to telling StOr￿S without words. We are passionate about dNersifying the dan￿ landgape arKI investing in the future of dance through delivering inclusive projects for people of all ages. abilities and backgrounds alongside development opportunities for e￿￿rging arlists. We want to ensure our work represents contemporary Britain and we are committed to there b*"ng no barriers to our work. AlongsKle our transfonnative programmes for those wilh little or no dance experience and those from underreprEsenled backgrounds, ¥￿ WO￿ extensively with eThErging talent to sprir#Jboard their careets into our company and the wider sector. In 2021-22, we revilalised our MIss￿)n and Goals. lo inspire our work. focus our strategic ambition and strengthen our unique buyne55 model.. MISSION Opening a worfd of joy, wonder, connection and creakn"vty. GOALS, which are mutually relnforclng Staging wodd class performances. in Matthew Bourne's signature dance-theatre style. in usual and unusual places Widening a￿sS to the arts Nurturing and supporting talent that represents UK sooety The lingering impact of COVID-19 inevitably brought further challeThJes for us to navigate alongside some key achievements with the relum of live performance. Page 4

NEW ADVENTURES CHARITY {A c¢xnpany limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 After nearfy tsvo years of closures. ￿ were able to make a joyous relum lo the stsge in September 2021. ¢onnecbng with audiwces on lour once again and supporting our partner theatres to restore public confidence in the post pandemi¢ re¢overy. Our retum to live perfom)anee and the in-person delivery of our Take Part programmes and projects was carefully planned with the support of our Trustees. staff. freelance workforce. partneTS. theatres, audience membels. participants. and othei stakehokJers. Collaborat￿n is central lo our operating model and this year we have continued to develop strategic partnerships that enable us to support local arts eecpsystems, work with communrties and widen a￿sS lo our work across the UK and beyond. We have also continued to invest in our freelance workforce are a valued and vital part of the New Adventures family. In 2021-22.. 191,273 people attended 321 New Adventure$ perforrnances a5 an audien￿ member Over 500 participants took part in our Take Part part￿patOry activity aeross 179 sessions. with 3,613 attendances 941,863 people engaJed with our work online through REEL Adventures We $uptthed 45 dan￿r5 via paid employment on tour for a total of 1,128 weeks. ON STAGE Duiing the year. we tOLtred for a cumulative total of 32 Weeks with trwo productions.. The Midfftight 8011 World Premiere. UK Tour '￿￿81 1$ Matthew 8oume's The Midnight Bell? Anmr. a sensatw)n'_ The Stsge The Worfd Premiere of Matthew Boume's The Midn￿ht Bell. a new work inspiTed by the great English novelist Patrick Hamilton, exploring the underbelty of 1930$ London lrfe, opened at the Cheltenham Everyman in September 2021. A large lo mid-scale lour, the sh)w was a brand-new more ints.male production, which enabled u5 to reach and vi$rt towns and cibes in different parts of the UK lo our annual large-seaie tours. The show toured to 13 venues over a period of 12 weeks. delivering 72 Ferfomiances and reaching 42,733 audiences nationwide. It featured 12 dan￿15 and eng￿ed 16 offstage workers and crew, supporting a retum to work for many of the freelanceTS make up the Adventures workforce. The Midnight BeA Y4￿n tsvo awards at the 22nd Nat￿nal Dan￿ Awards for '8est Modern Choreography, and 'Outst2nding Female Modern PerfomBnce' by Mthla Meazza for her portrayal of Miss Roach. The show received a rating of 91% for 'CaptWat￿. and 84% for 'Dislinctiveness' from audiences at Oxford Playhouse who respond8d to the post-show suThey s￿1 usmg Arts Counal Englands Impact and Insght Toolkit. Page 5

NEW ADVENTURES CHARITY (A company limitsd by guarantsfy) TRUSTEES. REPORT ICONTINLIED) FOR THE YEAR ENDED 31 MARCH 2022 Nutcraek•tl UKTour 'Boume s faultless Nutcracker is the sweet treat we all deserve'_ The EveniThJ Standa Following rt$ postponement in 2020-21, our newty desKJne(J and reimagined 30th AnnNersary pr0dl￿tiOn of Nutcrackerl opened al Theatre Royal Plymouth in November 2021 before embarking on Nthv Adventures, 21 st Christmas seasLV) at Sadlef s Wells. followed by a UK tour. The show toured to 14 venues over a period of 23 weeks. delNering 164 performances and reaching 149,703 audiences nats'onwide. It was brought to lrfe by 33 dan￿rS and 16 offstage wort(ets and crew. 17 of 33 Nutcrackerl company daneÈrs eame through one or more of Nthv Adventures. tslenl development programmes. The show received a rating of 92% lor 'CaptIvat￿n, and 85% for 'Disb'nch"veness' from audW￿e$ at The Martowe, C8nlerbury, who responded to the post-show suThey sent using Arts Council England's Impacl and In&ght Toolkit. TALENT DEVELOPMENT New Adventures is committed lo suppoth'ng the next generab'on of dan￿r9 and artists a5 well as providing conts"nuous professional development opportunitr.es for company mertiers and danee artists. Emer Artlst A renticeshi In 2021-22. New A(Jvenlures launched our first Emerging Athst Apprentieeship. despJned lo support and develop a dancer through their final year of training via mentoring and residew opportunities. leading to paid apprenticeship contract on an upcoming production. Our first apP￿ntl¢e Enrique Ngbokota look part in New Adventures tslent development programmes throughout the year, including pre-rehearsal and r￿nto(l￿g sessK)ns wth pnncipal dancer and Asscciate Artist Glenn Graham whilsl performing the role of Cupid in Nutcracker! 'Since I started my apprents￿shlp, bw.ng Ihe Eft￿￿ing Athst has ovetsll been an enric*ing and enjoyable joumey. It has taught me many invaluable lessons. one being th8 importance of professionalism. and just what it requires. To be able to take my first steps info the worfd of profess￿￿81 dance wlh Ihis company has been amazing. and I couldn't have asked for a better opportunity to do so, as I've looked up to New Adventures for my enti￿ training. I believe that this experience has hel￿d to better me as a d￿n￿r and as a person and that's 8111 could have asked for - EnrNue Ngbokota. Emerging Artist 2021-22 net School Our pre-vocalional training programme for young people - Cygnet School - Lgunched in July 2021 to provide much-needed pattrvway be1￿￿en New Adventures exists.ng participation work and Talent Devek)pment opportunities. Cygnet's School's cohort is comprised of 10 young people aged 12-19 124 for disabl￿ dancers), each passionate about dance. developing ne•V skills and exploring dance as a professional pathway. The programme is fully sUb￿diSed for all the participants ensuring that there are no barriers lo access. Page 6

NEW ADVENTURES CHARir IA ¢ompany limited by guar•nt#•) TRUSTEES. REPORT ICOIUINUED} FOR THE YEAR ENDED 31 MARCH 2022 Multiple 1-2 day resKlenaes have tsken place ac￿$5 2021-22 at The Malh￿e Theatre in Canterbury where the young people have come together with New Adventures Dance Arhsts to explore unique aspects of our work and style as well as develop confKlence, professional skils and watch theatre together. including Nutcracker! at Sadlerfs Wells in January 2022. Profesg)r Angela P￿kard from Cantefbury Christ Chufch Universty has been w0￿ulg with us to evaluate the pilot year so that we can contir¢ue lo develop the prcvjramme moving foward. 'Gygnet School prowdes a p￿"tive, professional and enatsliry environment for young dance1¥ to thrive. This builds a sense of belonging and community that begins wrth a meet and greet sess￿￿ and ends with a renective plenary. The Cygnet School team a￿ respon&ve to the needs of the group and adapt planning as appropriate to ensure that the young dancers are supported to understand material and can work and achieve at their h￿he5¢ level. PastoTrl care is integral and part of the end of day rev￿￿ - Cygnet School Evaluation Repo¢ written by Professor Angela Pickard Worksho We deliver a number of tslent development opportunits.es wilh vaTr)us organiSat￿)n5 to help nurture, develop and supplyt the next generation of talent. In 2021-22, our D￿te Artis15 delivered workshcys for students at Rambert. We held mock audib.ons with students from various conser4aloires ￿th the aim of suppo￿"n9 the transition from training into the profession. ssociate Art￿1 Principal Dancer Glenn Graham was appointed Associate Artist in Juty 2021 a5 part of a new annual leadership development programme. developing new and underrepresented leaders in the dance sector. The role involves coaching sessions, observing board meetings, shajowing the team. management and leadership training opportunitie5. Using his expertise in the sector and mentored and SUPkKJrted by Associate Artisb'c Direclor. Etta Murfitt and Take Part Creab"ve Director, Kery Biggin, Glenn has been instrumental in ￿adIng some of our Talent Development programmes, delivering workshops, intensives and residencies, as well as mentoring the Emerging Artist Apprentice. Our 7th year of the Overture programme consisted of a mix of residentsl and onhne professional development opportunib'es across 2021-22 for 16 dance a￿sts and teachers from a range of dance backgrounds and experience. The New Adventures team and a variety of industy guests shared their expertise with the ¢ohort through workshops, talks. coaching sessions and Q&As. for the dance artists to leam and take these skils back into their own communities around the UK. '1 Just wanted to say how much Ov8rtur8 has hel￿d / is hel￿ng me on myioumey. What really resonated ftir me about the sessions is having the C1)nf￿nce to try things, go for things. and knowing your worth. l am tmly grateful for this prcgrammef _ Overture paitipant Page 7

NEWADVENTURES CHARir¢ (A company limitsd by guarantee TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Pro£lass Pro Class took place al Trinity Laban in January 2022 wrth over 100 dan￿rS taking part in sessions over the course of 1 week. These three-hour sessK¢ns consisted of technique class followed by exploring repertoire from a New Adventures production or lookn'ng al the crealNe prccess and methodology of the work. The first three sessions We￿ open to any dancers in training and gradues, and a fvrther three sessi?ns were held for dancers from Swan School or local casts from our 2019'produclion, Romeo & Juliet, to continue their development and stsy connected. Swan School In August 2021. 23 danors were invited to take part in a four-day intensNe that gave them an exdu5ive insight into the working practices and repertoire of Adventures. with a focus on developing dancer5 from the global majority and partner work. This was a direct response to the lack of opportunity for partner work during training during the pandemic and explored duets for oijr prfyJuctws_ The intensive culminated in a sharing to the senior mernbers of New Adventures, arty"$bc team. Autumn and Winter Adventure Recognising the impact of COVID-19 on training and development opportunities. our 34Jay residency specificalty for pandemic graduates - An Autumn Adventure - was an opportunity for the dantrrs to learn mo about the company as well as aspects of sports psychology and tr￿ntaI health awareness, alongsTde buikling ¢onfidence, new skills and offering individual feedback to supwl their transition into the industry. The demand for An Autumn Adventure led lo the Creation of A Imnter Adventure - a further residency which look place in December 2021 fof an additional cohort of young dancers. 'Thank you to yourseff. the creatives & New Advenlufts for ¢reats'ng such an incredible opportunity & spèce over the Autumn AdventuTr Intensive. It was so wonderful lo be wrth such a lovely group ofpeople & gmw & be inspwed by the wortshops & knowledge shared.'_ An Autumn Adventure participant rin Forward Following the success of our Spring FoThvard programme in 2020, we continued to provide career development opportunities for our freelance workft)rce throughout 2021-22 to ensure continuity of support during the transition out of the pandemic. Bursaries were awarded to 5 of our dancers. dance artists and freelancers lo leam a new skill. undergo training or time for personal development. Training enc(xnpassed a variety of different areas including Ilorislry, personal fitness, mtion capture and operating heavy machinery. In providing new skills, the programme enab￿ part￿1pant$ to become more resilient in what is already a precarious sector. It is now a permanent and imp)rtanl asFec of our lalent development offer that recognises freelan￿r$, e$$entsal contr"but"on to both Adventures and the wder industy. Dancer Fitness and Rehab In October 2021, the NutCf3ckerl company took part in a ffitness and training week that was scheduled prior to the ￿hearsal period The week included moming company dass. wilh afternoon $ess￿n5 focusing on a curated training programme that included.. Safeguarding. Allyship arKI Unc(￿$￿0￿S Bias, Mental Health & Wellbeing and Gender Awareness. Page 8

NEW ADVENTURES CHARITY IA company limited by guararttee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 nllne Class Etta Murfitt and Kerry Biggin hosted 4 classes on Zoom for an invited cohort of dan￿lS from the gknbal majority who we had mel via resKlencies, nwck audibons. or other Take Part initiab"ves. The classes presented a wonderful opportunity to keep in touth. grow this talent and work with them to develop a deeper understanding of the artistic practti and langu4e of Ne* Adventu￿$. The dan￿rS attended these classes were also invited to attend Swan School. Mastercla$$ In January 2021, ￿ welcorned back our extremety populaT open aC￿S 14ay Ma5terclass. focused on Nutcracker! Participants had the opportunity to experience the rehearsal day of a New Adventures company dan￿[. The day was spent working through Company Class, leaming repertoire and creative tasks culminating in a Q&A with Matthew Boume. Etta Murfitt. and Resident Director Neil Westmoreland. The final I￿at wa$ a ticket lo the evenirKJ perf0M￿nCe of Nutcrackerl During 2021-22, there weTr 716 altendances at Talent Develq)fflentsession& YOLING PEOPLE. SCHOOLS & COMMUNITIES A. Young People In eollabor•tion with Danc• United Yorkshir•: The Stitchlln Our long-POStFoned film p￿Je¢l with Dance United Yorkshire finaNy took place in May 2021. with Re$￿Jent Artist Paul Smethurst creating a resportse dance film to EdwarLI S￿ssOr￿ands, working wtth the Dance United Performance Company, young peop￿ aged 14-19yrs from a dwerse range of backgrounds. continuing our ¢ollaborab"on with the organisab.on following the success of Cwil B14X)d in 2019. The Stitchling is a re-imagining of Matthew Boume's Edward Scissothands. conceived and directed by Paul Smethursl. The piece was created with the young perfOrn￿r$ on Zoom and filmed on k)cation in Bradford prior to its release via our online platfom$ in O¢lober 2021. Partiu"pants were able to gain new skills and leam about dance via this unique performance opportunity. We work closely with dance sehe¢)Is and eonser¥atoires lo help nurture, develop and support the next generation of talent This worf( includes workshops. mock auditt'ons. reSA￿ene1eS, career talks and Q&As. In 2021-22, our Dance Artists worked with young people from LIPA. CAT Trinity Laban, Dan￿xChange, Performers College, The Marknwe. Wendy Whatling Schc¥)l of Dance. Central School of Ballet. Italia Conti. London Studio Centre. Rambert and the Royal Ballet School. In April 2021. we also delivered three workshops to graduating dants students from De Mountford University I￿0 in person and one on Zoom for distan￿ leamers). The group wanted to be inspired and physicalty challenged and were PLrt through their paces with repertoire and creatNe tasks from The Car Man. Dunng 2021-22. theR weft 1,528 attenda￿e$ at Young People sessions. Page 9

NEW ADVENTURES CHARITY IA company Ilmlled by guarantee) TRUSTEES. REPORT (CONTINUED . FOR THE YEAR ENDED 31 MARCH 2022 B. Schools In collaboration with SadleVs Wellg: Ro er Ascham Prima School Walthamstow Oance Artists Gavin Eden and Shelby Williams worked with less enga3ed and SEN students from across the school lo create a response piece to the COVID-19 pandernic. In weekty Sessi￿$. the young people responded to themes they idenb.fied from being in Ic£kd(hvn as well as focusing on reSi1￿nCe and future hopes and dreams. The project was captured digiialty as a short dance film. wrth the young people pa￿'clpa1in9 in the capture and edits'ng. The final piece was shared as part of the school's art festival of creab'ons inspired by the pandemic. 'This is incrediblel What a beautiful. mowng piece of woth fhat captures a moment in histoty - Sara Daniels, Education Co-ordinator, Sadlers Wells In collatboration with Culture Box Surrey: anceventurers Paul Smelhurst and Shelby IMlliam$ worked wrth KS1 and KS2 primary school students from the For￿aY Pupil Referral Unil in Ashford, Surrey, on a reimagined. in person iteration of the project Danceventurers physical phonTh films that were created during Ihe first lockdThvn. Over the course of a fve-week residency. delivered 3 days a week throughout November and December 2021. the sessions were an opportunity for the Sch￿I.S staff and students to explore and creatively devise a dan¢e pie¢e through play, movement, embodiment. and creatNty- Empowerment and Conffiden￿ building are central to the project, as well as improved I￿eraCY, hearth, wellbeing, and sellexpression, with the young people becorr•ng co-direclors and co-collaborators through encouragement and offering choice and autonory over creatwe decision making. The non-vefbal, image- based nature of the New Adventures meth(Jok)gy ensured that the prL)Jramme was inclusive and accesgble to all abilrties. backgrounds. and levels of experience. The final piece was captured d￿ltsIty as a short dance film. wf(h the young people participating in the capture and editin9. 'LW (Linda white1￿￿ - Head of Sthool. Fo￿waY PRU) reflKted that Ihis was one of the most successful events to have laken place at The Fortlway and thal attenda￿e had Signif￿antlY impffjved during the project. chIld￿n s Conf￿8nCe had also increased ￿gn￿￿ant1Y and that the impact of the project on the school had been unbelievable, Extract from Danceventurers Evaluats"on Report 2021 Worksho We continued to deliver workws across the UK in Sch￿15 colleges. We tailor workshops to suit Earfy Years through to Key Stsges 1- In total, 19 residenaes and W￿kShopS took plxe. where we explored and shared repertoire from Swan Lak8. Romeo & Juliet, The Midnighl Bell and Nutcrackerl Partner schcols included". Carshallon H￿h School, H￿hWc￿th Grammar School, Knights Templar Sthool. St Ivo Academy. Tnng ParK Elmhurst Ballet SLool. Bristol Met Academy and Roger Ascham Primary Schools. During 2021-22. there were 958 attendances at sch(￿ls sessions. Page 10

NEWADVENTURES CHARITY IA ¢ompany Ilmited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 C. Comrnunities In collaboration with Farnham Maltings: Elders Session We continued to deliver our regular monthty dance sessi)n for over 55s. hosting one woikshop in Famham and one session online. In an inclusive and encourajing environment. Ihe participants leam some repertoire and get led through creative and improvisational tasks. The sess￿n5 aft led by Dance Artist Emily Piercy. te In August 2021, a new work - Doorstep Duels - vras presenled across the South-East and beyond with key partnefs including Pavillion Dance West. BEE Creab"ve, Dacorum Community Danee, Wafford Council. Dance Woking. Dance Unrted Yoikshire. The Marlowe Theatre, Dance East, Greenw￿ and Do¢klands Festival and Dance Nelwork ASS￿atiOn. This is a special projed ￿nsIsts"ng of a new duel Choreographed by Paul Smethurst in collaboration with Kerry Biggin, Etta Murfrtt and company dancers, that is perfomied in communities. The duet is lively. characterful and joyful and lakes audiences through drfferent eras through dance styles and iconic music. Doorstep Duets was created as a response to social isolation. Offering free opportuntties vthere people can enjoy world-class perfomiance in their I￿al ne1ghtrf￿rh0CrfJ. on their street, in local parks. and through community-based organisations. The aim of the Project is to bring joy. escapism, and connection. and make dance more acces&ble to everyone. It also offered an important opportunity to offer empFoyment and performance prospects to our freelance dancers and stage management. 12 company dan￿rS were se*ted lo devise and perform this project and in the first week of June. we premiered the [￿f￿nce in Famham. Beyond Famham. new partners. audiences, Ic¢ab"ons and sp&es were reached from Bournemouth to Brndford. Wofking with our partners. we were able to identify and eng￿e directly with communities including schools, care home re$￿ents, a Dance for Parkinson's group. an older people's dance group, a young carers support group. lo individuals who are shielding and the wwjer public. The project is key in supporting our aim of tskn'ng dance perlormances and pro￿ out of the traditional theatre space and developing a place-based approach with our Partn￿5. 'We managed to connect to well over 400 people in 22 Iccations through 26 perfonnances across the town ranging from individual homes perfom7ing to a &ngle Sh￿Iding indrvidual and their carer to the residents of am7S houses and communitses of vulnerable young people. Without doubt we met an arnbit￿n lo reach people who have been badly impaded by the pandem¢. WI￿ are struggling with isdation or whose spirits just needed lifting, Gavin Stride, Director of Famham Matts'ngs 'The doorstep duel program has been a ble￿￿￿J! I honestly can t rind the words to 8xpl￿n how it felt being able to perfonn again let alone being able to connect to smaller audiences on a personal level and bringing joy in a MO￿ bespoke and unique way. Ihat most people don t think is possible for live Iheafrel Connecting lo different communities across Farnham and bringing Art to peO￿e who can l access the Arts normally (even less of 8 chance in the midst of a pandern￿) was magical and humblingl Seeing various people fmm a ￿￿e range of demographic groups, smiling and eniowng themselves is one of my driving k)rces to being a perfom?er. The doorslep duet program is on8 fflaior step in making the Arts more accessible for everyone in the UKf _ Isaac Bowry, Company dancer Page11

NEW ADVENTURES CHARITY (A company Ilmiled by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 orf(sho Workshops are delivered in nu￿rOuS community settirys wilh participants of any a9e and ability. In 2021-22. Wotkshops took place both in person and online. Re".Connec( our monthly senes of workshops for over 55s. was in Such high demand additional sessions were programmed. Participants explored ¢horec¥3raphy and shaw reFertoire from Nutcrackerl Workshops were also look place in partnership with Out of Imack. INapwick Arts Centre's over-60s contemporary dance cornpany when The Midnwht Bell was in situ at the venue. During 2021-22. there weTr 413 attendances at LomMunft￿S SeSs￿s. There wetB 106 Doorstep Duets perfom7ances, seen by 4.578 peo￿e. AUDIENCES One of our.three ¢ore ¢ompany values is Audience. Our aUd￿nceS are why we do what we do. Entertaining and engaging audiences is our passion. We strive to be widety accessble and welcoming lo t)th our loyal and new audiences. As a company we are driven by a desire to make great art that is seen by as many people as possibk. We were able to connect with audiences in a live capaaty once again. as well as venues and partners around the UK and beyond via REEL Adventures. We have continued to build slror#J and sustained partnerships with our key touring venues, working together to reach local aUdien￿S. increase aC￿$S and encourage more people to experience arKI be inspired by dance in all its fomis. In January 2022, New Adventures pr¢xluced its first¥er relaxed pertomiance of the shcw. an opportunity for disabled and neurodivergent young people and their families lo experience the magic of a New Adventures production in a supportive, welcoming and excrting environment. Discnunted I￿ketS were available lo ensure cost was not a barrier to access. As well as watching the perf0M￿nce, families were able lo take part in pre- show danee workshops that expkjred the narrative, non-verbal nature of the New Adventu￿$ melhodology, inclusive and accessible to all abilth"es, baekgrounds and levels of experien￿. ThroLJghoul The Midn￿h¢ Bell offered 7 Audio Lkscrtied performances and 9 during Nutcrackerl advertised via a dedicated Access page on our website and that of partner venues. A Visual Guide and Sensory Introduelion film of Ntrtcrackerl were made available, for anyone who would t£nefit from familiarising themselves with what to expeet before attending a perfomiance. We continued to work with presenting venues to allc¢ate 30 free Audien￿ ￿ketS at each venue, specifically ringfenced for targeted groups induding those have not previously altended the Ihealre. young people, as well as participants in our en9agement projects. 4 post-show talks offered the general audien￿ unique insight into the making of the slbjw. In 2021-22. VR commissioned research to help us better understand our audien￿ reach. focus our communication Strateg￿S, and inform our future aims around aud￿nce devek*pment. We are proud of our long-stsnding relationships with the venues, audiences and places we to¥Jr lo and continue to work with organisalions across the sector to develop shared strategies that will enhance our reach and deepen the special role that dance can have in placemaking. 'Just to say an enomi¢JJS thank you. I have never taken Hannah to a ballet and for her to experience this was just totally m89ical. Hannah absolutely loved rt. Relaxed perf0rn7ances are just the best and I really appre¢iale the work you put into arranging these'_ Nui¢ra¢kerl Relaxed Perforrnan￿ Audience Member Page 12

NEW ADVENTURES CHARI (A company Ilmited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 IAARCH 2022 'My daughtsr is non-verbal we often cannot be entirely sure how much she is enjoying something, but on Sunday it was abundantly alear how engaged and happy she was. She was sMil￿g and laughing all the way through the perf0M￿nce._ Ntrtcrackerl Relaxed Performance Audience Member 2021-22 Total Attendances by Region South East South West North Midlands London Total England Restof UK Total UK 24.243 33,365 29,247 16.134 74.747 177,736 13.537 191.273 DIGITAL: REEL ADVENTURES Following the accelerated launch of REEL Adventures in 2020. in 2021-22 * conbnued to build on our work in this area and look lo digital to support our creative ambitions. cultivate an authent￿ and exciting presence online and to reaeh new and existing audiences. Broadcasts Screenin and On-Llne We worked with broad￿$1 and streaming partrprs and Ihealres to increase ways for audiences to exper*nee our work. The Red Shoes was broadcast on the 88C during Christmas 2021 and was then available to watch on demand via BBC Iplayer, with a total of 204,(E7 ¥￿W5. Sk Arts Other Broadcasts & Online Streamin Sky Arts broadcast The Car Man, Romeo and jUl￿t and Swan Lake, ￿a¢hIng approximately 187,000 vyéwers. Romeo and Juliet and Swan Lake wefe also made available for streaming online. reaching a further eslimaled 105,000 audieno rrEmbers over the year. Our shows were streamed alongside muftiple intefflational partners from theatres to broadcast networks lo online platfomis lo their audiences via the Digital Stage programme. Broadway HD, DigitalThealre and Curzon Horro Video. Our work was seen in countn.es including Australia. USA, South Korea. China. Mexico, Japan and Brazil, with local theatre partner$ including Sydney Opera House in Australia and LG Arts Center in South Korea. Our other broadcasts reached 86.000 and also worked with our online streaming partners across the globe reaching a further 15.290. inema Screenin Five of our producb.ons - The Red Shoes. Romeo and Juliet. The Car Alan, Cinderella and Swan Lake - were screened 102 times in cinemas worldwide. seen by 10,284 people. Page 13

NEW ADVENTURES CHARITY IA company limited by guarantoo) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Online En ement Film content was made available across our platfomis offering insight. news, interviews and other engaging content related to tmxh our producb'ons and Take Part activity. 8ehind The S￿nes contenl for The Midnight Bell and Nutcrackerl achieved a totsl of 131,833 views, enabling us to connect with our eommuntty online both nationally and inlemat￿na1Iy. The distribution of our film propcts with Dance United Yorkshire and Roger Asham Schcrt)I, as wdl as online Company Class, formed part of our online engagement. A new series of films - Two Minute Tales- proved particularly popular and enabled us lo spollight the career paths of New Adventures, workfofce, from dancets, backstage roles. the office team and artistic ￿adershIp, Including Matthew Bourne and Etta Murfrtt. A lotsl of 30 Two Minute Tales were released across the tour of Nutcrackerl with 105,143 vEws_ Exploring new channels and vrdys to disseminate our wC￿k was key. Our new podcast serEs- 8oume to Dance - launthed on IntemalDnal Dance Day in April 2021. ¢elebrab"ng the love of dance, ￿all¥￿, and storytelling. Hosted by Resident Artist Paul Smelhurst, the fi￿1 serEs fealured freelancers and creatives from across the New Adventures family, revealing Iheir Ljnique story of they first encountered dance and how it has impacted their live$. Guests included Sir Matthew Boume, principal dancer Ashley Shaw, Culture & Arts broadcasting legend Bfenda Emmanus, West End stsr Layton Williams, theatre maker and movement director Kane Husbands and award-winning lighb.ng designer Paule Conslabk. Following the SULxess of series one. series tsvo was released to coincide wth the tour of Nutcrackerl in November 2021. Episodes were released weekty and featured five new guest$ who o¢¢upy a variety of roles within New Adventure5 and beyond. tslking about dance moves. inspires and excites them". Brett Morris. Helen Linsell. Kerry Biggin. Arthur Pits and Jeanette SiddJl. Ser￿s One and Two reached 25.978 listenefs. 2021-22 Total Digrtal Broadcasts Online Streaming Cinema Screening Online Engagement Total 355.200 242,157 10.284 334.222 941.863 GLOBAL We are proud lo be ￿cogniSed as one of the most successful British exwrts for dance and are committed to promotsng British a￿08d both through live aryj d￿lta1 presentations. online and in cinemas. Although our international touring plans were on hold due to the pondemi¢. we were able to connect with new and existing internat￿nal partners and audiences through dvJital and On￿'ne pLatforrns, screenirwJs and broadcasts. Th8 Red Shoes, Romeo and jul￿1. cInde￿lIa arKI Th8 Car Man were broadcast internat￿nalty to countries including Japan, ￿ Zealand and Lithuanka. Page 14

NEW ADVENTURES CHARITY (A company Ilmlted by guarantee) TrUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Our sh(ws were also streamed alOngs￿e mU￿1ple intemalional pathrs from Iheatres to broadcast ne￿orkS to online platforms to their aUdi￿ceS via the Duital Stage programme. Our work wa5 seen in countries including Australia, USA, South Korea, China, Mexi¢o, Japan and Braal. wrth local theatre partners including Sydney Opera House in Australia and LG Arts Center in South Korea. During 2021-22. our work reac1￿* 11 countiies, with intemali¢yDal audiences totalling 98.511. SECTOR LEADERSHIP: SUSTAINABILITY Green Adventure5, the company's environmental sustainabilrty strand, was launched in Juty 2018. Since then, we have been making changes aenss all areas of the company and engaging with our venue partners and audiences around suslainabilty. Post pandemic we We￿ able lo reenergise our ¢ommitmenl to embedding environmental best pra¢tits in our productions, touring, operations and offi￿. A ne•V team of Green Champions, drawn from a variety of roles from across New Adventures. met in March 2022 and will contsnue to meet quarterly. We continued to sUp￿t Company dancer. Andrew Ashton. following his Environmental Management qualificalton funded via Spring Forward. in the rthv role of Green Champion Lead. Andrew worked strategically throughout the lour ol Nutcrackerl to re-connect with our partner venues around sustainability initiabves and encourage the company on tour to adopt environmentally fn"endly thinknng both on stsge and off. We continued io provide advice and guidance to other UK based arts organisations, sharing our learning lo date. as part of our Sector Leadership role around sustainable touring We look fO￿ard lo building on our achievements and selbng rthv actions for the future. EQUITY. DIVERSITY AND INCLUSION New Adventures is committed to achieving a working environment which provides equity of opportunity and freedom from discriminat￿n. harassment and bullying. We belseve that everyone is entsued to be treated with respect and d￿nIty. One of our core company values is Family and ￿ have a ￿ng-held and shared Commitment lo supporting, developing and investing in all members of the New Adventures Company and everyone involved with our work in whatever capacity - performers. creatwes. crew. staff, dance a￿Sts, audvènces, participants, trustees, students and partners. This year have eontinued lo work wrth our sector 5UPPOrt partners to help us achieve these aims, including Creative Access. Ine Arts, Tonic. PIPA (Parents and Carers in the Performing Arts) and Stage Sight. Our freelancers, staff team and Trustees are actively engajed in Equity, Inclusion and Anti-Racism work. Anyone joining New Adventures is expecled to suppryt and promote our Equity, Diversity and Inclusion policy Prior to The Midnight Bell and Nutcrackerl tours, the Company took part in Safeguarding, Uneonsci)us Bias, Allyship and Anti-Raeism and Perfomiance Anxiety training. Dance ￿tists and members of the New Adventures office team also took part in this training. plus training in Embracing Neurc4Jiversty and Mental Health First Aid or Awareness. Equity, Diversity, and Inclusion is a standing item on the agenda of all Board meetings. Ouring 2021-22. the Board wa$ 30°k ethnically diverse, 70% female (including the Chair) and 30% LGBTalA+ Page 1S

NEW ADVENTURES CHARI (A company limlted by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Subsidised or free places are offered on all talent devekjpment projects and we continue lo review the level at which these are offered. Our Overture programme is fvlly subsidEed for parbapants with additional suppjrt offered as required to suppcKt caring or a￿sS needs. The focus of our equity. diversity arKI inclusion work continued to be around race, age and so¢ioconomic background. We received a Creab"ve Case for Divefsity rating from Arts Council England of 'Strong' in recognition of the company's Wofk to increase and celebrate diversity and representation. We acb.vely seek out and develop those Vltho are CU￿nty Unde[reP￿Sented on and offstage bul a¢knowledge Ihere 15 a lol more work to be done in this area. We have idenkn.fied key areas for change and action across all areas of our work and are committed to improving and strengthening Ouf approach to ensure our c#Jllure is inclusive and that everyone that encounters the organisab.on feels visible and valued. STAFFING New Adventures is run by a srnall core stsff leam. The capacity of the stsff team ￿a$ increased in 2021-22 wr¢h Ihe creation of an Administration Manager post and recruitment of new staff membefs to the exisbng posts of AUd￿nCe & Communication5 Manager and Executive Assistant via Creative A￿ss. The new role of Inclusion, Ac￿sS & Development C￿OrdInator was created lo help drive our EDI. A￿sS and fundraising ambition. A freelance Development Assoche was recruited, a pathcular focus on Individuals and Events. to work wrth existing team members lo develop and deliver our fundraising strategy The Take Part team wa5 restructured with Kerry 8￿391n taking on the fole of Take Part Cfeative Director from January 2022, in line with our key areas of fo￿$. wf(h tsvo rw Producer roles created.. Talent Development Producer and Communiti'es Producer. At the close of the year there were 13 members of staff and 33 dan￿rS empboyed. We suprA)rted a total of 90 treelancers throughout the year. The Company eontinued lo provide training and professional devekjpment opportunith'es for stsff. dan￿rS and the wider New Adventures freelanee workfor¢e. The mental health and wellbeing of our workforce is suppcited via aC￿sS to an Employee Assistan￿ Programme. which provides a 2417 confidential support resource and access to free counselling. FUNDERS During 2021-22, in additpJn lo sUpP￿t received from Arts Coun¢il England, a further £157k was raised from the folh)wing funders.. Julia & Hans Raus￿9 Foundation, te8mArchie. The Dorfman Foundabon. The O'oyly Carte Charrtable Trust, The Garrick Charitsble Trust, The Noel Coward Foundats"on. Paul Hamlyn Foundation. The Reed Foundation, Heather Aclon and Peter Williams. The Honourable William Archer. Roger de Freitas. Linda Herd, Andrew Manley. Huw Morris, Kate Redfem. James Tod. Pieter Toerien, Jeanetta Siddall OBE. Our Corporate partners were.. Edwardian Hotels London. Fothum & Mag)n and Buccellali London. Page 16

NEW ADVENTURES CHARITY IA ¢ompany limit•d by guarants•) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 COMPANY STRUCTURE New Adventures Charity is the parenl company and wholty-(ywned Irading 5ub5idiaries are sel up for all of our productions. Creatives, dancers. crew and tour rnanage￿￿nt are engaged on fixed term contracts for each sh¢)w. We also have a subsidiary for New Adventu￿$ partners including SP￿S0[S and film distribution. The financial results of Ihe Irading subsidiaries are conSol￿ated into those of the charity in these statements. The subsidiary companies for the year 2021-22 were.. New Adventures Red Shces Limited New Adventures Midnight Bell Limited New Adventures Swan Lake Limited New Adventures Nul¢ra¢ker Limited New Adventures Sleeping Beauty Limited New Adventures Partnerships Limited FINANCIAL OVERVIEW New Adventures is a registered ¢harity. The subsidiaries and ¢harity re¢eived a combined income of £7,097,518 in the financial year 2021r22. Of this, £5,219,026173%1 eamed income from our producticns of The Midnight Bell and Nulcrackerl and other Charitsb￿ aclivity {including our Offstage work encompassing Talent Development. Young People and Communities and REEL Adventures). £403.480 16°h} was ￿ceiVed through the Theatre Tax Relief scheme. aftd £1,475.012 (21%) was grant and donation income from Arts Council England and other fvnders and sUp￿rterS. Of this income, £6.726.332 190%) was spent on deveknping. producing and touring our shows, £447,67016%1 was spent on support costs. with the remainin9 £273.116 14%) spent on Talent Devebpment. Young People and Communities and REEL Adventures projects and acbvilies. We have one restricted reserve as of the end of 2021-22. which is a fund for the postponed engagement project Magic Me which will lake place in 2022-23. We have designated funds from our reserves for our forthcoming product￿n and ath'stic work. a designated fund for Capitsl, a designated DKJital fund for our ambitsons with our d￿lta1 work. a designated fund for our ontinued legacy work with our Romeo and Juliet IcKal cas( an offstage projects fvnd for previously p051poned activity, and a Post Pandemic Reserve to safeguard any further projects which may be affected due lo the COVID-19 pandemic. The operational reserve of the charity is set at an agre&J level of £475,000 plus al least £200,000 in free reserves. Our Arts Council EnglarKI annual NPO grant of £1.317.810 enabled us to &hieve 1,136,749 engagements nationally and internationally in 2021-22 resulting in a per engagement Su￿dY of just £1.16. FUTURE DEVELOPMENTS Having carefully navigated the safe transition back to live theatrical exper￿n￿ over the past year, we are lookn'ng to a future where we can invest in the delivery of our Mission and Goals whilst carying forward leaming from the pandemic. In June 2022, the mulli-award-winning production of The Car Man. a dan￿ thriller based on Bvzet's beloved Camen. was reimagined in a spectacular staging at the Royal Albert Hall. The limited season featured an expanded ¢ompany of 65 dan*rs and musicians. a live orchestra, and epi¢ new desvJns, as part of the venue's 150th Anniversary celebrat￿n5. Page 17

NEW ADVENTURES CHARITY IA compaDy limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR ThE YEAR ENDED 31 MARCH 2022 Now established as a firm favourile in the New Adventures repertoire. the award-winning production of Sleeping Beauty will lour to venues across the UK this autumn. celebratsng 10 Yea￿ since il's premiere al Sadlels Wells. Alongside our work on stsge, our plans indude.. Investing in and supporting our onst4e. off-stage and ￿Stsge freelance workforce. Maintaining our talent development of dancers, both pre-professional and sustaining careers. Maintaining our delivery to the South East region, through strengthening our ties with our home venue, Famham Maltings. and deepening our engagement and working in partnership with local organisab"ort$ to create projects wth children, young people and cornmunib"e5. Maintaining our digitsl reach through broadcasts, screenirKJs and online streaming. as well as exploring other opportunities for digital exploitation and a￿ss. Developing our placemaking Wa￿ by strengthening our b'es wilh 7 of our key venue partners aero$$ England and deepening our engagement and workn.ng in partnership wth lo¢al organisations lo Create piojecls with children. young peop￿ and communities. Further embedding our Equity. Dwersity and Inclusion IEDI) WO￿ across the organisation and in the wo that we do. Re*nergising our commitment to tt)e environment via Green Adventures. buihding on our achievements and settj'ng new acts'ons for the future. Embedding our S Workn"ng Groups.. Access Digrtal, EDI. Green and Data & Dashboard in the work we do, supporting our delivery of Arts Council England's Investment Principles. 'Beyond this we will continue to develop our bold ambitions lo grcw Our talent development programme and our engagement work with young people and communities. This indudes embarking on Year 2 of Cygnet School, a three-year programme for 12-17 year olds that foeuses on grassroots dance development and harnessing raw potential. Following the success of Doorstep Duels. are working in partneTrhip with Famham Mallings lo deliver an 8- week summer tour tsknng the joy and wonder of live performance to communities across the South East region. Following the inaugural Adventures in Film a propcl which commissioned New Adventures Company members lo create short dance films - and the previous Su￿seS of our New Adventures Choreographer Award, we are committed lo providing career devekjping opportunikn"e5 lo dan￿rS from a mulb'lude of backgrounds and experiences, creating a pLattorm for them to exercise and hone their skills as artists, producers and creative storytel￿Ts. We are excited by the opportunities offered through Leys Create, Arts Council England's 11>year strategy, which we will have begun embedding into our work. and our aMb￿"onS moving fonyard. PUBLIC BENEFIT STATEMENT In setting objectives and planning for activities. the Trustees have grven due ¢onsideration to the general guidance published by the Charity Corniission relating to public benefft. FUNDRAISING COMPLIANCE STATEMENT The charity seeks to comply with best praCt￿e on fvndraising. arrfl is ¢ompliant with the Code of Fundraising Practice of the Fundraising Regulator. All fundraising acbvitses are monrtored arKI reviewed on a nK)nthty basis. Page 18

TRUSTEEV REPORT (CONTINUED) ' FOR THE YEAR ENDED 31 MARCH 2022 TRUSTEES. RESPONSIBILMES STATVAENT The Trustees tsvho are ako th& dr&Xors of the ctiarity for the pU￿￿eS of ¢)Jmpary kn) ate respv)nsibl8 for preparing the TTU5tees' rw induding the stratty"c report and the finanaai statsmants in ac£ordanc with a￿c£b￿ law and Untted lfjngdom N£t4iuntirfj Standards {United lfjrW)m Gener￿ty Accepted Accounting Prncbeel. Company law requires thè Trust88S to pr•par8 fin￿(x￿ Slatem￿ts for financial year. Under ￿MpanY I the.Trustees must not approve the finanoal Stat￿nents uft￿$ thay are satisfied that th&y gfve a trne and fair vitrw of th8 stats of affairs of the group arKI ￿ catity arKI of their incoming resources and applicalic￿ of resourc£s. Induding their in¢ome and expendi￿re. for that Feric•J. In pre￿ring trese fr￿DE￿al statements, the Trusteeg are ks: selec 5uitabl8 accounting poltcies aTrJ thw apply thwn ￿M$￿St0nty,. observe the meahtsjs and prinaples of the Charibes SORP {FRS 102); make judjments and ac£DuntiTr3 estmates that arg rfrasOna￿e and prudent state whether applIczb￿ UK Ac£•)unling Standards (FRS 102) hava ft￿lOWed, subFGt to Bny mateffj81 depa￿j￿$ di8dosed and eyplained in the ffinanci￿ statements.. prepare the ffinan¢ial stateJrnts C￿ lh8 going to95 unbsg it is inaN)ropr to presurne that lh8 group will continue in bu9ines The TrustOgs arg reiMsl￿e for keepiro adeq￿ acr4Junting rèxrds IPAt are 8uffvi8nt to shcAV and axplain the group and the tharivs transactions and with TEasorth a¢curacy at any time thè finanaal poSi￿)n . of the group and the chartty and enle them to ensure that the finarKial statÉmÉrtts compty with the C￿￿panIa¥ Act ￿. Th8y are also reSp￿1b[e for uarding the assets of the group and the chartty and h￿ce for taklng rnasonab]e sty for th& prèvention arKI detecti￿ offraud and ots iwuTarilies. DISCLOSURE OF INFORMATION TO AUDITORS Each ofthe Pe￿¢￿$￿1￿ S￿ Tn￿ at the time whw this Tnthes. rwt is approved has confim￿￿ that g) far as that Trustee i8 aware. is no relevant audit informath?n ofvth* the charilable group'¥ audito￿ ar8 unawarq and that Tfustee has taken all the sleps that ought to have been tak8n as a Tru in order to aware of any inf0m￿tion needed by the charitable group's auditNs in conngxlim with preparing their reFort and lo estaL4ish that the chalilab￿ grcKJP'S a￿dito￿ are aware of that infomatvJn. Tha auditors. Nyman Libg)n Paul LLP. have Fndrated Iheir vthliwness ta p￿tInue in office. The deSvJ￿ted Twstee5 wll prLFKqe 3 rn1)Don reapwinting the audilLVS at a meetirMJ ofthe Tn￿ee& opn)ved by order ol the memb￿5 ofthe kxHrd of Tntsiees and on their behaw by: Brenda Emmanus OBE Chair Page 19

NEW ADVENTURES CHARITY {A company limitBd by guarantoel REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022 Trustees B A Emmanus. Oirector J Siddall, Director A A Smith Jones. Director K O Tharp. Director P J M Williams, Director E J Bolton. Director lappointed 13 September 20211 J M Brunjes Director (appointed 13 September 20211 J C RKldell. Director lappointed 13 September 20211 H Morris, Director lapwinted 13 September 20211 J A A Watd. Director (appointed 13 September 2021) H Protheroe, Director (resigned 22 Juty 20211 Company registered number 06548321 Charity regi$tered number 112S342 Registered office Famham Maltings Bridge Square Famham GU9 7QR Independent audltors Nyman Libsc4) Paul LLP Chartere(l Accountants Stslutory Auditors 124 Finchley Road London NvfJ 5JS Page 20

NEW ADVENTURES CHARir IA company Ilmlted by guarnntee) INDEPENDENT AUDrroRS' REPORT TO THE IAEMBERS OF NEW ADVENTURES CHARI Opinlon We have audited the financial statements of Adventures Charty (the 'parent charitabk company'l and its subsidiaries Ilhe 'group'l for the year ended 31 March 2022 which comprise the consolidated statement of financial activities, the eonsolidated balance sheet. the charity balance sheet, the consolidated stslemenl of cash ftows and the related notes, induding a summary of signtficant accounting wlicies. The financial reporting frarnework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard appl￿b in the UK and Republie of Ireland. (United Kingdoffl Generalty Accepted Account"ng Pr8clicel. In our opinion the financial ststemenls.. give a true and fair view of the state of the group's and of the parent tharitabk company's affairs as at 31 March 2022 and of the group's in¢oming reS￿r￿S and applieats.on of resources, ineluding ils income and expenditure for the year then ended". have been properly prep¥ed in accordance with Unrted Kiryjdom Generally Accepted Accounting Practice,. and have been prepared in attordan¢e wrth the ￿quIrements of the Companies Act 2006 and the Charities Act2011. Basis for opinion We conducted our audit in accordance with Intemattinal Stsndards on Auditing {UKI IISAS {UK}l and aPpI￿able law. Our responsibilit￿ under those staThJards are further described in the Auditors. responsibilities for the audit of the financial slaterrEnls 5ecb.on of our report. We are independent of the group in a¢¢ordance .wilh the elhical requirements that are relevant to our audrt of the financial slalements in the United Kingdom, including Ihe Financial Reporkn"ng Council's Ethical Standard. and we have fulfilled our other ethical sponsibilitE5 in accordance wrth these requirements. We believe that the audit evidence we have oblained is sufficient and appropriate to provide a basis for our opinion. Conclusions rèlating to going ¢oncern In auditing the financial statements. V•E have concluded that the Trustees. use of the going concem basis of accounts.ng in the preparation of the financial statements is appropnate. Based on the work we have perfomied, Ve have nol identified any material uncertainkn'es relatsng lo events or condits'ons that. individually or collectNely. may cast SlgnrfKant doubt on the group's or the parent charitable company's ability lo continue as a going concem for a period of at least ￿e1ve months from when the financial ststements are authorised for issue. Our responsibilities and the ￿SPOnSIbl11bes of the Trustees with ￿$￿t to going ¢on¢em a￿ dexribed in the relevant secth)ns of this rewrL Page 21

NEW ADVENTURES CHARITY (A company Ilmlted by guarantsel INDEPENDENT AUDITORS. REPORT TO ThE MEMBERS OF NEW ADVENTURES CHARITY {CONTINUED Other information The other information comprises the infonnalion induded in the annual report olher than the financial statements and our auditors. report thereon. The Trustees are responsib￿ fof the other infomiation contained within the annual report Our opinJn on the financial statements does not cover the other information and, except lo the extent otherwise explicitly ststed in Our rep)rt. we do not express any form of assL¢rance onclusion Ihereon. Ouf responsibility is to read the other informab"Dn and. in doing so, consider whether the other infomation is materially inconsistent wrth the financial statements or our knowledge obtsined in the course of the audit, or otherwise appears to be materially misstated. If ¥￿ identify such material inconsistencies or apparent material misstatements, Ve are required lo determine whether this gives rise lo a material misstalemenl in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material rnisstalement of this other infomiakn, we are required lo report that fact. We have nothing to reFX)rt in this regard. Opinion on other mattern prescribed by the Companles Acl 2006 In our opin￿￿n, based on the w(yk urKlertaken in the coutse of the a￿lIt." the information given in the Trustees. Report for Ihe financial year for which the financial statements are prepared is"consistent with the financial statements. the Trustees, Report has been prepared in aecordance with appl￿b￿ *al requirements. Matters on which we are requlred to report by excepllon In the lfjhl of our knowledge and undetstanding of the Challtsb￿ company and ils environment obtained in the course of the audit, we have not identif￿d material misstalemenls in the Trustees. Report. We have nothing to report in respect of the folk)wing matters in relation to which Companies Act 2006 requires us to report lo you if. in our opinion.. the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate fof our audit have not been received from branches not visited by us." or the parent chantable o)mpany ffinanaal statements are not in agreement with the accounting recnrds and relums., or ertain disclosures of Truslees. remuneration speryfied by law are not made" or we have not received all the informab.on and explanab.ons we require for our audit.. or the Trustees were not entitled lo prepare the financial statements in accordance with the small companies regiffle and take advantaqe of the small o)mp8nies' exempts'ons in preparing the Tru5tee8' Report and from the requ1￿ment to prepare a strateg￿ Report. Page 22

NEW ADVENTURES CHARITY IA company limited by gu•ranteel INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NEW ADVENTURES CHARITY ICONTINUED) Responsibilities of trustees As explained more fully in the trustees, responsibilits state￿￿n[ the Trustees (who are also the directors of the Charitsb￿ company for the purposes of company lawl are reS￿nsib￿ for the preparation of the financial slalements and for being satisfied that they give a tnje and fair view. and for such internal control as the Trustees determine is necessary to enab￿ the preparab￿ of financial statements that ￿ free from material misstalemenL whether due to fraud or error. In preparing the financial statements, the Trustees are resp)nsible for assessing the group's and the parent charitable company's ability to continue as a going concem, disclosing, as applicable, matters related to going coneem and using the going ¢on¢em bas$ of aecounb.ng unfes$ the Trnstees erther intend to liquidate the group or the parent Charitab￿ company or to cease operatths. or have no realistic a￿ernatIve but lo do so. Auditors. responsibllltles for the aud6t of the financlal ststements Our objectives are to obtain reasonable a￿rance about whether the financial statements as a whole are free from material misstatemenL whether due to fraud or error, and lo issue an audrtors, report that indudes our opinK)n. ReasOna￿e assurance is a hvJh level of aSsUrar￿e. but is not a guarantee that an audit conducted in accordance with ISAS (UK} will afvtsys detect a material misstalement when it exists. Misstalemenls can arise from fraud or efror and are considered malerial if. individualty or in Ihe aggregate, they could reasonably be expected to influence the e￿norn￿ deci$Dn$ of users taken on the basis of these financial statements. Irregularities, including fraud. are instsnces of non-cornpliance wrth laws and regulations. We design pro￿du￿$ in line with our ￿POnsibl11￿"e$, outlined at)ve, to delecl material misstatements in respect of irregularities. induding fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is detaI￿d belvw.. Irregularities. including fraud. are instances of non-coMplk4n￿ with laws and regulatsons. We design procedures in line with our resF4)nsibililies. outbned a￿Ve. lo detect material misstatements in Tespect of irregularities, including fraud. The extent to which our Pro￿UrES are capabk of detecting irregularities, including fraud is detai￿ belo￿. We gained an understandng of the legal and regulatory fraffework applicabte io the charity and the group and the Industry in which it operates and consKtered the risk of acts by the charity and the group that were contrary to applicable laws and regulations. including fraud. We desbJned audrt procedures lo respond lo the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not delecling one resulting from error, as fraud may involve deliberate concealment by. for example, forgery or intentional misrepresentations, or through collusion_ We fotsjssed on laws and regulatNJns which Could give rise to a material missLitement in the financial statements. including, bul not limited to. the Companies Act 2006, UK tax legislation, Chant￿S Act and Charity Commission guidelines. Our tests included agreeing the financial statement discbsures to underlying suppo￿"ng documenlab.on and enquiries with managernent. There are inherent limitations in the audit procedures described above and, the further removed non•complian¢e with laws and regulations is from the events and transactions reflected in the financial slalements. the less likely we woubj become aware of it. We dNJ not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls. induding testing joumals and evaluating whethef there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud. Page 23

NEW ADVENTURES CHARITY (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF NEW ADVENTURES CHARITY ICONTINUEDI We also communicated relevanl identified laws and regulat￿lS and potential fraud risks to all engagement team members and remained alert to any ind1¢al￿)nS of fraud or noncompliance with laws and regulations throughout the audit. A further descripts.on of our responsibilitEs for the audit of the financial 51atements is located on the Financial Reporting Couneil's websrte al." www.Irc.o .ukJauditor5res onsibilikn"es. This description forms part of our auditors, report. Use of our report This report is made solely lo the charitabk company's meTnbers. as a l)ody. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. and lo the chantsb￿ company's trustees, as a body. Part 4 of the Charities {Aecounls and Reports) Regulaty"ons 2CK)8. Our audit work has been undertaken so that we might slate lo the charitsble company's members Ih05e matters Y￿ are required to slate lo them in an auditors, ieport and for no other purpose. To the fullesl extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and its memters, as a body, for our audit work, for this feport. or for the opinions we have fomed. Anthony Pins {senior statutory auditor) for and on behalf of Nyman Libson Paul LLP Chartered Accovnlanls Slalulory Auditor5 124 Finchley Road London NW3 5JS l L S<£￿￿ Tr)--. Date.. ?A

NEW ADVENTURES CHARITY IA company limited by guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT} FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted fvnds 2022 Restricted funds 2022 Designated funtts 2022 Totsl nd$ 2022 Total funds 2021 Note Inc¢m• from: Donations Charitable activities Trading activities Investments 1,397.447 209.427 4.9*,497 3,274 403.480 77.565 9.828 1.475,012 219.255 4.996,497 3,274 403,480 1.740.￿8 106.277 493.929 3,037 128.412 Other income Total income and ondowments 7.010,125 87.393 7,097,518 2,471,663 Expenditure on: Raising funds.. Voluntsry income Trading activitses Charitable activities.. other charitable activities Governance cost 86.023 5.991.264 86,023 5,991,264 22.143 686.633 10 826,446 14.857 528.528 1,354,974 14,857 1.217.139 7,588 Total expendlture 6.918,5 528.528 7,447,118 1,933,503 N•t incornellexpenditure) Transfe￿ befv￿en funds 91,535 1441.135) 1349,600) 538,160 19 50.000 150.(K)01 Net movement In funds 141,535 {441,135) 150,000) 1349,600) 538,160 Reconclllatlon of funds: Total funds brought forward Net movement in fvnds 103.678 141.535 469,885 (441.1351 3.435.C (50.000) 4.008.563 {349.6001 3,470.403 538.160 Total funds carrled forward 245.213 28,750 3,385.CfJO 3.658.963 4.008.563 Page 25

(A crfjmpany Iwnited by guararrtee) REGISTERED NUPABEIL. I)6548321 AS AT 31 MARCH 2022 2021 Tangble assets 14 3.913 4,855 Currnnt a￿ts Production costs 16 17 291.304 274,841 4,269,936 Debtors 1,346,937 4.891.467 Cash at bank arKI in hand 6238.4CH 4.836,081 Creditor&' amounts fdling duo wrythwb one year 18 (2.583.354) (832.373) N•t eurr•nt as80ts 3.655,050 4.IXI3.708 Totsl net 3,658.963 4.C•J8.563 Charltyfvnds Deg>Jnated funds Restrict8d funds Unr8strbed hJnds 19 3.385.fA)O 3.435.LKK) 19 19 28,750 245,213 469,885 103.678 Total funds 3,658,3 4.008.563 The Trustées a¢kntrwlethJe theyr resp￿￿￿711t[es for complyffig with th8 reqUire￿ents of th8 Act with raspect to 8(rounting recy)rds and pryrats)n of finan￿¥ statements. The financial stalements have weparwj in araX¥dan￿ wilh the F￿a¥i51D￿S applicabte lo entrt￿$ wbject to the small companios r8gim8. The financial ￿l￿ents were appro￿3 end autr￿1￿1 for issue by tlb3 Tn suwj cffi their behalf by: Brenda Emmanu6 OBE Twstse Dale: .1 L 4do_U<r lo The notes on pages 29 to 48 fom of these financÉd siatfJ. Page 26

(A ery•ny limited by guaAnts•) REGISTERED NUMBEIL" 06548321 CHARrrY BALANCE SHEET AS AT 31 IMRCH 2022 Flxed auots Tangfole assets Investments 14 3,913 4,855 15 3.919 4.862 Currènt ￿Get$ Debtors Cash 81 b8r 17 892.774 3.115.268 626,338 3,585,941 4.008.042 4,212279 Creaitors: amunts falllng within one year 18 (350.005) 1208.585) . N•t ¢urr•nt awts 3.658.037 4.003.694 Total not as8 3.661,9S6 4,008,556 Ch•rity funds Destrjnated funds 19 3,385,OCfJ 28,750 248.X 3.435,000 469,885 103.671 19 19 funds Total fvnd8 3.661.956 4,008,S56 Thè charitys nèt M0ven￿￿t in funds for Ihe yearvAs £[346.￿0) (2(Y21- £538,158). a¢x¥Junting recuds preparat*)n offinanoa stat￿￿ts. The financial stAiements have been prepared in with ts wo￿on5 aFvlioble to ￿trI18S Sutlect to the small Ca￿￿nIeS regim& The financial Statern￿ts were and aUltrKJ￿ for isgue by the Tnjstees￿b￿ signed on their behalf by: Brenda Emmanus OBE Tw5tee Date.. IL Sep¥i_Ltr The notes on pag88 29 to 48 form part of these fina￿ts1 gtatw Paye 27

NEW ADVENTURES CHARITY IA company limited by guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Cash flows from opernting activities Net cash used in operating a¢tivits"es 624,218 1620,8811 Cash flows from investsng a¢tivili¢s Purthase oftangibk fixed assets 12,6871 13,7971 Net cash used in investing activilies 12,6871 13.7971 Changt in ¢a$h and ¢a$h equivalents in th¢ year Cash and cash equivalent$ at the Ixginning of the year 621,531 4,269,936 1624,6781 4,894,614 Cash and cash equivalents al the end of the year 4.891,467 4,269,936 The notes on page$ 29 to 48 form part of these financial statements Page 28

NEW ADVENTURES CHARITY IA company limlted by guafanteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Company slatus Adventures Charity is a Chantab￿ company limited by guarantee and is incorporatèj in England. The members of the Company are the Trustees named on page 1. 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 registered offKe is Famham Malb"ng4 Bridge Square, Famham. England, GU9 7QR. Accounling policies 2.1 8a818 ol preparatic•n of financial statements The financial ststemerbls have been prepared in aecordanee with the Charities SORP IFRS 102} - Accounting and Reporting by Chanties_" Ststemenl of Recommended Practice applicable lo charities preparing their accounts in accordancE wrth the Financ￿1 Reporting Standard appluble in the UK and Republic of Ireland IFRS 1021 leffeth.ve 1 January 2019) and the Companies Act 2006. New Adventures Charty meets the definition of a public benefft entity under FRS 102. Assets and liabilities are initially reccgnised at histcKical cost or transath.on value unless otherwise staled in the relevant accoun￿"n9 policy. The consolKlated ststement of financial activities (SOFA} and consolidated balance sheet consolidates the financial slatements of the ¢harity and ils subsidiary undertakn"ngs. The ￿s￿liS of the subsKlraries are consolKlated on a line by line basis. The resutts of subsidiarw acquired during the year a￿ mduded from the effective date of acquisibon. The results of subsidiaries sold are i￿lL￿led up to the effective date of disposal. The functional and presentat￿al currency of the charity is GBP. The ¢harity has taken advantage of the exemption allowed under secthin 408 of the Companies Act 2(KJ6 and has not presenied its U4vn statement of financial actNities in these financial stslements. 22 Going ¢on¢•rn After reviewng the charity's forecast and projeclion. the trustees have a reasonable expectation that the charity has adequate reSw￿$ to continue in operational existen* for the foreseeable fvture. The charity. therefore. contlnues to adopt the going ¢ortem ba$1$ in prepariro its financial ststemenls Page 29

NEW ADVENTURES CHARITY (A company limited by guarant￿) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies (continuedl 2.3 Income All income is recognised once the charity has an entitlement to the ￿n￿rne, it is probable that the income will be received and the affounl of receivable can be measurEd reliably. Income relating lo venue fees is retcgnised at the end of the week in which the show is staged and is exclusNe of VAT Income rei4bng to dona￿n5 from the Arts Counryl England 15 rwni5ed in a￿ordance with the agreed fvnding in the year. Other income is recognised in the period in which rt is receivable and lo the extent the good$ have been provKled or on cOM￿etiC￿ of the seN¢e. 2A Expendilure Expendrture is" accounted for on an awual ba&s and has been induded under expense categories that aggre9ale all costs for allocation to actIv￿es. Where costs cannot be directly attributed lo particular activities they have been allocated on a bags ￿nsIstent with the use of the resources. G0veMan￿ costs are those incurred in connection with the ajminislration of the charity and compliance with consl*ut¥)nal and statutory requiremenls. Grants payable are ¢harged in the year the offer is made except in those cases where the offer is conditional. such grants being recognised as expenditure when the conditions attaching are lfilled. Granls offered subject to condits.ons which have not been met at the yearend are noted as a Commitment, but not accrued as an expendf(ure. Fundraising costs are those incurred in seekn.ng voluntary contribut￿n5 and do not include the Costs of disseminats'ng informats'on in supP￿t of ¢haritable a¢ts"vth"es. Support costs are those costs incurred directly in supm of expendilure on the objects of the charity and include projed manageffent costs. 2.5 Government grants Grants are a¢counled under the awuals rr¥>Jel as pemiitted by FRS 102. Govemmenl grants received are reco9nised as donation in the SOFA as the related expenditure is incurred. 2.6 Taxallon The charity is exempt from corporation tsx on its charitable activities. Page 30

NEW ADVENTURES CHARITY IA ¢ompany limit•d by guarants¢l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies (continued) 2.7 Fund accountlng General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtherance of Ihe general objectives of the group and which have not been designated for other purposes. tjesignated funds comprise unrestn.cted frJnds that have been set aside by the Tnjstees for Part￿Ular purFoses. The aim and use of each designated fund is sel out in the notes to the financial statements. Restricted fiJnds are fijnds which are to be used in aetordance with speafic restrictions imposed by donors or which have been raised by the group for particular purKk)ses. The costs of raising and administering such funds are charged against the sFecific fvnd. The aim and use of each reslricled fund is set out in the notes to the financial statements. Investment income. gains and losses are allocaled to the aFvropriale fund. 2.8 Tangibl¢ fix¢d •$$¢ts and d¢wo¢i•tion All assets costing more than £1.000 are capiialised. A review for impaimient of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls betsveen the airying value of fixed assets and their recoverable amount$ are recognised as impairment$. Impairment losses are rectsjnised in the statement of financial activities. Tangib￿ fixed assets are camed al cost. net of deprec￿tiOn and any Provision for impairment. Depreciation is provided at rates cakulated to write off the cost of fixed assets, less their estimated restdual value. over their exFected useful INes on the folbowing basis.. Office equipment 25% straKJht line 2.9 Investmènts InveStr￿nts in subsidiaries are valued at cost ￿S provis#)n for impairment. 2.10 Inter•sl receivable Interest on funds held on deposit is included when receivable and the amunt can be measured reliably by the charity.. this is normally UF#)n notthcation of the interest paid or payable by the Bank. Page 31

NEW ADVENTURES CHARITY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED"31 IAARCH 2022 Accounting policies {continuedl 2.11 Production costs Productson costs comprise all costs incurred in the staging of the ballet performances of The Red Shoes, Swan Lake, Cinderella, Romeo and Juliet. Nutcracker and m￿n￿h1 8ell. These ¢051s a re¢ognised in the Statement of Financial Activibes in the period the production commences. If the productson is yet lo commence al the reporting date. all costs are carried forward in the balance sheet as Work in prOg￿$S. 2.12 Debtor8 Trade arKI other debtor5 are recognised at the setllement an￿nI after any trade dis¢ounl offered. Prepayments are valued at the arnunt prepaid net of any trade disec￿nts due. 2.13Cash at bank and in hand Cash at bank and in hand includes cash and short-lerm h￿hlY liquid investments with a sh￿t maturity of three months or less from the date of acquisibon or opening of the deposit or similar account. 2.14 Creditors Creditors are normally recognised al their setuement arr#)unt after allowing for any trade discounts due. 2.15 Hollday pay accrual A liability 15 recognised lo the extent of any unused holKlay pay enlidement which is accrued al the reporting date and carried forward lo future periods. This is rneasu￿d at the undiscounled salary cost of the ftjlure hdiday enlitlemenl so accrued al the rep)rting dale. 2.16 Flnanclal instruments The ¢harity only has financial assets and financial liab￿lts"es of a kn.nd that qualify as bas￿ financial instruments. Basic financial instruments are initvalty recognised at transacti￿ value and subsequendy measured at their settlement value. The Subsidiaries only enter into basic financial instruments transactions that result in the recognition of financial assets and liabilib"e5 like trade and other accounts receivable and payable, bans from other third part￿s. The subsidiaries have no material exposures to inlerest rate. credit or foreign exchange risk by virtue that there are no extemal borr(Ywings. The ts.cket provider bears all the risk with the ticket holder and all material foreign exchange transath.ons are denominated in sterfing whereby the eounterpaty bear all the risk. Page 32

NEW ADVENTURES CHARITY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EMDED 31 IAARCH 2022 Judgements in apptying accountlng pollcles and key sources of estimalion uncertainty The preparation of the financial ststements requires rnanagement to make judgements. estimates and assumptions that affect the amounts reported for assets and liabilitse5 as at the reporting dale and the amunts reported for revenues and expenses during the year. However, the nature of the estimation means that actual outcomes ¢ould drffer from those ests"mates. Accruals The charity makes an estimate of accruals al the year end based on invoices received after the year end and work undertaken whth has not been invoi¢ed based on quotstDns or estimates of amounts that are due for paymenL Incomg from donalions and legacies un￿StrICted fvnds 2022 Restricted fvnds 2022 Total funds 2022 Other donations Grants from Arts Council 79,637 1,317,810 77,565 157.202 1.317.810 1.397,447 77,565 1.475,012 Unrestricted fvnds 2021 Restricted funds 2021 Total funds 2021 Other donations Grants from Arts Counctl Government grants 97,131 1.317.810 222.682 102.385 199,516 1,317,810 222,682 1.637,623 102,385 1,740,008 Page 33

NEW ADVENTURES CHARrrY IA company limited by guaranlee) NOTES TO THE FINANCIAL-STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2022 Inc¢)me from charitabh activities Unrestricted funds 2022 Reslricled funds 2022 Total funds 2022 Project income Other income 209,427 209.427 9,828 9.828 209,427 9.828 219,255 Unrestricted funds 2021 Restricted fiAnds 2021 Total funds 2021 Proje¢l income Other income 92,462 92,462 13,815 13,815 92,462 13,815 106,277 Inc¢Jme from trading activiti Income from non charltable tradlng activitles Unrestricted funds 2022 Total funds 2022 Shcth venue fees- UK 4.952,492 18,338 25,667 4,952,492 18,338 25,667 Sh(Mi other income btorage fee income 4,996,497 4,996,497 Page 34

NEW ADVENTURES CHARI IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Income from trading activities Iconlinued) In¢omo from non Charitable trading activities (conlinuedl Unrestricted funds 2021 Total fvnds 2021 . ShNvenue fees- UK Show venue fees - Rest of World Show other income Storage fee income 369.875 23.447 75,062 25.545 369,875 23,447 75,062 25.545 493,929 493,929 Investment income Unrestricted fvnd5 2022 Total fvnds 2022 Interest receivable 3,274 3,274 Unrestncted fiJnds 2021 Total funds 2021 Interest receivable 3.037 3,037 Page 35

NEW ADVENTURES CHARITY IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Other incoming rnsources Unreslricled funds 2022 Total fvnds 2022 Theatre tax credits 403.480 403,480 Unrestricted funds 2021 Total funds 2021 Theatre tax credits 128,412 128,412 Expendi￿re on ralslng funds Unrestricted funds 2022 Total funds 2022 Fundraising costs Costs of raising voluntary income - wages and salaries 43.259 42.764 43.259 42.764 Total 2022 86.023 86,023 Unrestricted funds 2021 Total funds 2021 FundraisiTh3 costs 22,143 22,143 Total 2021 22,143 22,143 Page 36

NEW ADVENTURES CHARITY IA cornpany limlted by guarnntee> ' NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Expendlture on ralsing funds (continued Trading ex￿n$¢$ Unrestricted funds 2022 Total funds 2022 Shry•V pr¢xIu￿r fees ShcMI product￿ Costs Sh(hv running costs Trading account staff costs 23,365 1.819,932 2,575,035 1,572,932 23,365 1.819.932 2,575,035 1,572,932 Total 2022 5,991,264 5,991,264 Unrestricted funds 2021 Total funds 2021 Shcy•V producer fees Show production costs Shry4V running costs Trading a¢¢ount staff costs 113,364 104.738 261.429 207.102 113.364 104.738 261.429 207.102 Total 2021 686.633 686,633 10. Expondituro on ¢haritablo •dbvitios Support costs 2022 Total funds 2022 Direct costs 2022 Various Charitab￿ a(*vits'es 922,161 447,670 1,369,831 Page 37

NEW ADVENTURES CHARITY (A Company lim1t￿ by guarnntee) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. Expenditure on charltable actlvltles Icontlnued) Support costs 2021 Total funds 2021 Direct costs 2021 Various Charitable activib.es 841,044 383,683 1,224,727 Analysls of dlrect cos18 Total fvnds 2022 Total fvnds 2021 Offstage activity costs Wages and salaries Other staff costs Storage Set up storage costs Merchandise costs Advertising and markets.ng Green adventures 200,994 473,364 46,779 9,828 117,284 1.918 71,394 600 265,302 414,483 75.007 13.815 46,332 4,169 21.936 922,161 841.044 Analysis of support costs Total fun¢Js 2022 Total funds 2021 Wages and salanes Other staff costs Administrative expenses Depreaats"on Rent Govemance costs- AccountsrKy and audit costs 195,Rfi3 56,396 165,377 2.976 12.201 14.857 256.793 12.991 $4),028 4,082 12,201 7,588 447,670 383,683 Page 38

NEW ADVENTURES CHARITY (A ¢ompany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 11. Audllors. remuner•tion 2022 2021 Auditor's remuneratr&n 7,000 7.000 11 Staff costs Group 2022 Group 2021 Charty 2022 Chartty 2021 Wages and salaries 2.284.923 878,378 711,991 671,276 2,284.¥23 878.378 711.991 671,276 The average number of perS(￿S eryloyed by the charity duriThJ the year vras as follows.. Group 2022 No. Group 2021 No. Emph)yees 48 42 The number of employees whose enyloyee beneffts {excluding employer penS￿n costs) exceeded £60.000 was.. Group 2022 Group 2021 In the band £60,001- £70,0(KJ In the band of 80,001-£￿.0(m} In the band £90,001- £100.000 The total employment benefits received by key manage￿ent personnel including employerfs national insurance and employe¢s penwn tontnbub.c￿S were £271,40312021". £246,889). 13. Trustees. remuneratlon and expenses During the year. no Trustees recaved any remuneration or other benefrt$12021- £NILI. During the year eTrJed 31 March 2022. no Trustee expenses have been incurred {2021- £NILI. Page 39

NEW ADVENTURES CHARITY (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 14. Tanglble flxed assets Group and Charity Office equipment Cost Al 1 April 2021 Addib"on$ Dtsposals 28,298 2,687 (6.964) At 31 March 2022 24,021 Depreclalion At 1 April 2021 Charge for the year On disposals 23.443 2.976 (6.3111 At 31 March 2022 20,108 Net book value At 31 March 2022 3,913 At 31 March 2021 4.855 Page 40

NEW ADVENTURES CHARITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 1S. Fix•d a$$•t invgstm•nts Investments in tsubsidiary companies charity Cost or valuatlon At 1 April 2021 Additions Disposals 13} At 31 March 2022 Net l)ook value At 31 March 2022 At 31 March 2021 The following were subsidiary undertakn'ngs of the charity.. Company Nam• Holding Included In consolidation New Adventures Red Shoes Limited New Adventures Midnight Bell Lirniled New Adventuies Swan Lake Limited New Adventures Nutcracker Limited New Adventures Sleeping Beauty Limited New Adventures Partnerships Limited 100% Yes 100% Yes 100% Yes 100% Yes 100% Yes 100% Yes The financial results of the sU1M'dia￿ for the year were.. Income Expenditure ProfiV{Loss) for the year Nel assets New Adventures Red Shces Limited New Adventures Midnight 8ell Limited New Adventures Swan Lake Limited New Adventures Nutcracker Limited New Adventures Sleeping Beauty Limited 1.719,026 58,376 4.845.137 11.719.026) 158.3761 14.845.137) Page 41

NEW ADVENTURES CHARITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2022 15. Fixed asset investments (continued) New AdVentu￿S Partnerships Limited 122.943 {125.943> 13.000) {2,9991 16. Production costs Group 2022 Group 2021 Production cos15 291,304 17. Debtors Group 2022 Group 2021 Charity 2022 2021 Due within one ye•r Trade debtors Amounts owed by group undertakings Other debtors Prepayments and accrued inco 602,649 53,126 21,577 782,964 21.223 67,010 52,295 461.711 282.577 115,5 1C6,179 574,043 1,346.937 274,841 892,774 626,338 Creditots: Amounts falllng due wlthin one year Group 2022 Group 2021 Charty 2022 Charrty 2021 Trade t￿ditorS Amounts owed lo group urKlertakings Other taxats.on and $0¢01 securrty Other ¢redrtors Accruals and defer￿ in¢ome 154,894 30,833 24,671 75.047 18,194 41,718 190,375 24.680 368.oe6 810,885 1,249,509 23,736 425,102 352.702 23.736 3,507 156,662 2,583.354 832,373 350,005 208.585 Page 42

NEW ADVENTURES CHARfTY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 19. Ststementof funds Statement of fvnds - current year Balance at 31 March 2022 Balance at 1 April 2021 Transfers inlout Incon￿ Expenditure Unrestricted funds General Funds 1 103.678 7,010.125 (6.918.590) 50,000 245,213 Designated funds Deferred Production and Arb"slic Fund Organisabonal Develop￿￿nt Reserve Capitsl Fund Reser¥e Core Costs Reserve Digitsl Reserve R&J Legacy Reserve P05t Pandern￿ Reserve Offstage Projects Reserve 1.950.000 (200,000) 1,750,000 30,CQO soo.ots) 475.000 300.000 60,000 50,fy)0 70.C {30,000} 500,000 475.000 350.OCrf) 60,000 200,OC(I 50,000 50,000 150,0(MJ 120,CQOI 3.435,CM)O 150,0001 3.385.COO Restrlcted funds Storage fund Magic Me Cygnet School Swan School Nutcracker ReseNe 9.828 20.CQO 20.IKIO 19,8281 ,750 60.000 6,135 395,0 28,750 180,000) {6, 1351 {395,CrfJO) 121,565) {16,000) Relaxed perfomiance Emerging Arti$15 21,565 16,000 469,885 87,393 1528,528) 28,750 Total of funds 4.008.563 7.097.518 {7,447,118) 3,658,963 Page 43

NEW ADVENTURES CHARir IA company limited by guarnntoel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 19. Statement of funds (continued) Statement of funds - prior year Balance at 31 March 2021 Balance al 1 Awil 2020 Transfers inlout Income Expenditu Unrestri¢t¢d fund$ General Fund$ 1 125.403 2,355.463 11,892,188) {485,000} 103,678 Designat•d funds Deferred Production and Arti$ts"¢ Fund Organisational Development Reserve Capitsl Fund Reserve Core Costs Reserve Digital Reserve R&J Legacy Reserve Post Pandemic Resen4e 1,000,C 950,0 1,950.ODO 30.000 I500,￿)0) 25,000 275,0001 110.0001 1200,¢XIOI 70.000 30.000 500,000 475,000 300.000 60,000 50,000 70,000 1.000.000 450,OC() 575.OlJ) 70.000 250.OL)J Offstage Projects Reserve 3.345.000 90,000 3,435,000 Reslrkted funds Storage fund Magic Me Cygnet S¢htr)I Swan Sthool Cornpany Support Spring Forward Nul¢ra¢ker Reserve 13.815 8,750 60,000 6.135 22.500 (13.815) 8,750 60,000 6,135 122,5001 {5,000) 395,000 395,000 116,200 141,3151 395,000 469,885 Page 44

NEW ADVENTURES CHARITY (A company limited by guar¥nte•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 19. Ststofflont of fvnds (continugd) Deslgnated lunds Deferred Production and Artistic Fund - Funds designated for future production work of new shrhvs. Organisational Development Reserve - Fund$ deS￿n¥t¢￿ for fvtU￿ ¢osts m relats.on to the development of the organisation. Capital Fund Reserve - Funds designated for fv￿re capital expendilure. Core Costs Reserve- Funds designated to be utilised in the event of unforeseen circumstances. DKJital Reserve - Funds designated towards digital innoval￿n and creats'on. R&J Legacy Reserve- Funds designated to fund legacy woth with Romeo and Juliet thal casts. Post pandem￿ Reserve - Funds desiwated to safegu* any activity which may be impacted by the COVID-19 Pandemic.. Offstage Projects Reserwe - Funds desrgnated to be ub"lised fr>r oftslage projects whi¢h We￿ postponed due to COVID-19 restrictions. Transfer in and out of the designated frJnds represents expenditure incurred in relation to the designated purposes and funds transferred back to the general unrestricted fund after reviewing the positson as of the reporting date. Restricted Fund$ Storage Fund - Funds lo be used towarts the renovation of New Adventures. storage facility in Man¢hester. Magic Me- Funds to be used towards the poStFm)￿d project. Magic Me. Cygnet School - Funds io be towards the F¢slponed prcfje¢( Cygnet School. Swan School- Funds to be used towards the annual Swan SclKM)I Project. Company Support - Funds to be to supwt New Adventu￿$ Company members affected by the Covid-19 pandemic. Spring Forward - Funds to be used to sup￿1 Adventures company members Ihrou9h the Spring Fomard proje¢t. Nutcracker Reserve - Funds to be usaj for an upcoffing prOdUct￿n of Nutcrackerl Relaxed Performance performance of Nutcracker! Funds receNed via THe Big Give carr￿a￿3n to be used for a relaxed Emerging Artists- Funds to be used tovrdrds the Emerging Arb5t Project. Page 4S

NEW ADVENTURES CHARITY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 20. Summary of funds Sumrnary of funds - current year Balance al 31 March 2022 Balance at 1 April 2021 Transfers inloul Income Expenditure General funds Designated fvnds ReStr￿ted funds 103.678 3.435.000 469.885 7.010.125 {6.918,590) 50.000 245.213 {50.0001 3.385.C(10 28.750 87.393 (528.528) 4,008.563 7,097,518 {7,447.118) 3.658,￿3 Summary of funds - prior year Balance at 31 March 2021 Balance at 1 Apnl 2020 Transfers inlout Inc(MT* Expenditure General fvnds Designated funds Restricted funds 125,403 3,345,000 2.355,463 (1,892,188) {485,0001 ,000 395,OC(J 103,678 3,43S,000 469,885 116.200 (41.3151 3,470,403 2,471,e63 11,933.5031 4,008.563 21. Analysis of net assets between funds Analysis of net assets b¢two¢n fund$ - ¢urrent y•ar Unrestricted nds 2022 Restricted Designated funds nds 2022 2022 Totsl fvnds 2022 Tangib￿ fixed assets Current assets Creditors due within one year 3,913 2.824,654 {2.583,354) 3.913 8,238,404 {2,583,354) 28.750 3.385.(X)o Total 245,213 28,750 3.385.c￿0 3,658,963 Page 46

NEW ADVENTURES CHARITY IA company Ilmlted by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 21. Analysis of net assets beiween fvnds Icontlnued) Analysis of net assets between funds - prlor year Unrestricted funds 2021 Restrided Designated funds funds 2021 2021 Total funds 2021 Tangible fixed assets Current assets Creditors due wrthin one year 4,855 931,1 (832,3731 4,8S5 4.836.081 1832.3731 469.885 3,435.Ci)O Total 103.678 469.885 3.435,CQO 4.008.563 22. Reconciliation of net movement in funds to net cash flow from operallng actlvftles Group 2022 Group 2021 Net incomelexpenditure for the year la$ per Statement of Financ￿1 Acbvilies) 1349.600) 538.160 Adjustments for: Depreciali¢)n charges Loss on the sak of fixed assets Ilncreaselldecrease in production costs Ilncreaseydecrease in debtors Increaselldecrease) in creditors 2,976 653 291,304 1291.3041 {1.072,096} 1,382.603 1.750.981 (2.254.422) 4,082 Net cash provided byl(used in} operating activilie8 624.218 {620,8811 23. Anatys16 of cash and cagh equivalents GTOUP 2022 Group 2021 Cash in hand 4.891,467 4,269,936 Total ¢a$h and cash equivalents 4,891,467 4,269,936 Page 47

NEW ADVENTURES CHARITY (A company limit•d by guarontso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 24. Anatysis of changes in net debt At 1 Apnl 2021 At 31 March 2022 Cash flows Cash at bank and in hand 4,269,936 621,531 4,891,467 4,269,936 621,531 4.891,467 25. P•nsion commitments The grtyJp operates a defined contributions pen￿n scheme. The assets of the scheme are hekl separately from those of the group in an independenlty administered fund. The pensv)n cost charge represents contributions payab￿ by the group to the fvnd and anN)unled lo £47,05812021.' £23.4171. Contn'butions totalling £4.176 12021." £1.6021 w￿e payable to the fund at the repo￿ng dale and are induded in creditors. 26. Related party transactions During the year the charity paid fees totallin9 £nil12021'. £1001 lo Afielle Smith Jones. a trustee of New Adventures Charity. During the year the charity received donattins in aggregate of £6.030 {2021.. £32.2601 from rts trustees. Page 48