Charlty Reglstration No. 1130289 Company R•yistration No. 06179223 (England and W•les) DANCE CONSORTIUM LIMITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
DANCE CONSORTIUM LIMITED LEGALAND ADMINISTRATIVE INFORMATION Tru$t••s M Ockwgl M Localori S Cater S Cto(*er A Hurst R Kay-Pnr S Walkgr A Bhatt Secyotary T Maycoc Chartty numb•r 1130289 Company numb•r 1179223 R•gl•l•r•d 0ffl¢o cjo Blmilngham Hippodrorne Theatre Hurst Street Blrmlngham B5 4TB Audltor RSM UK Audit LLP Chartered Aountants 103 Cdmore Row Bimilngham B3 3AG B•nk•rn NaNonal Westmln61er Bank p 13 Markgl Place Reading RG12EP Sollcltorn Anthony Collin$ Solicit¥ LLP 134 E¢JmunL1 Slroel 8imingham B3 2ES
DANCE CONSORTIUM LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 The Trusl•es (who arg also Ihe directors for the wrposes of o)mpany lawl submTt their annual r8POrt and tho audited financi41 statem9nl3 ofth6 tharitab comwy llhe company) fcthe year eThJed 31 March 2022. Objectives and aetivlti Dancè Ctsn50rtium Limited w86 established to promoie, maintsin. improve and advan the educalion of the public in the dramatic arts and to prornolè. mainlain. improve and adyance the appreuallon of the dr8matlc arts within the United lfjngdom. 11 Pfovides the pU1C with a rang¢ of intemational contemporary dance experience vA)ith would not otherwisè be availaNe. Danco Consortium Limited 8e8ks lo en$uce that access is nol roslricled by g80oraphy or a1Y to pay. Ils aims are.. To mak• the best inlemallonal conlemporwy dance 8vailabl8 lo Ihe publc UK., To provide a related programme of educalKJn inialIve$-, To build the capaclty of member theatres to prssenl a diverse pry)gr8rNn& of inlemalbJnaS contemporary dance., To 8ncourage member thgatres lo work 109ethw to shar6 exporienc¢ and to pLan education and marketing Inbllab'ves. To reach new audienc•$ and to deepen publ¢ undorstandlng and appreoalion of UK dan In an inl•rnallonal context., To promote engagement wilh danc• arKI of diverse cuNurg8 wthln the UK through r8fiectlng th• dlverslly ol conlempor8ry $008ty. Th8 Tru8tees have paid du& regard to guldan¢8 Issued ty the Charfty Commission In d8cbJ5ng what 8clivilie8 th• harfty shwld undertokg. A¢hlev•m•nts and rformanc Thls has been the final year for the 201&22 Buwne$s Pian as submitted lo Arts Counal England. Fundlng waB onfirmed fof the rolkover year, 2022-23 and a Bu*n858 Plan for this deveh)ped wmh 8UPPOrt from the tlrèctors and Member8 and rewewed in quarterty meelings. The buslness plannln9 proc•$$ for 2022r23 has enabled mtmb8rB lo what further changes to Ihg operation ol the Consortium wll iequired lo re-angage audiences in th¢ presèntation of intèm81ional contemporary sY¥nce 85 well as how il ¢onlribules stror¥Jty lowafds Arts Coundl's 10 year stralegy Lals Create. During thls process. groups were sel up made up of represenl8lwes from acros$ the mernbershlp lo focu$ on the lour Inveslmenl PrIncieS thai wll inform Arts Counc41 England's new fundiro reernents In 2023. These group8 11 cKJnlSnue lo play a part and Support thè dllleront el8m¢nls of Dance Consortium's opwation Ihroughoui the inve$tm&nt period 202&28. Over the past ye8r, Dance Constytum. In common with the whL4e ol the UK arts sector, h8s continued to adapt its opwalion ¥nd programmg In rasponEe to the global pandemic. Mernb8r Iheatre8 were at varying slwJe8 of reopenlng. and were unable to ¢ommit to tours immedialety on reopening. Th• continued disrupllon lo global tra1 alsts had a major wnpaiA on being abk to bring inlemali¢)nal artists into the UK and Ir81and with vaccination leve15 being drfferenl frorn country to country. Changes io thg programme have been infomed by reguLar risk agsessmonls and opllons analyses undertaken by tho Board and membershw ofthe Consortium.
DANCE CONSORTIUM LIMITED REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 A¢hlevements gnd prfornMnc• {¢ontinu•d) Planning for futu touring adiwty WH¥ onwng durfng the year. mgmbers arJ th& Bo¥d of Dance Consortium )n&dered vartolls OPlK)ns to aGhleve an effeclive trankIn Out of lockdown, lo o)nlinu8 lo brkng innovallon lo the theatres, programmos at the same time as suppo"ng members to rnana9e any aOdated risks. In order lo rniligate risk8 associated with re-opening, partioJlarty the risk Ihal th¢ core dar& gu¢lnl> will relurn slow, thè m8mb6r theatres agreed lo create a continoency fund lo be drawn down over the next 2 yèars againsl glortfalls Sn box office income and to fund audi•n¢e development actmty, thus ensurlng that tours could lake place and regional audiences would continue lo be atAe to see thtr work of inl8maliortal dancg companies in the UK. Most of this Contingen fvnd was used by venues in 2021r22 wlh 4 venues carying Ihelr ntingencY over into lh& finano81 year 2022123. Having cancelled and postponed three previous Iouf8. Dance Consortium membèrs worked togolhgr lo programme three shorter lours In quir Susort. of which had been rAncall dutr the pandornic. Th88è were.. Acosta 08nza wmh 11)0% Cuban. inlroduring woth from emerglng Cuban chwgraph•r8 alongde mo established afli818. This was the conclusn ol the first canc811gd Acosta Danza lour In 2020. NDT2 with a mixe(I bill of work from th¢yeographers Mareo Goecke. Hans van Manen 8nd Jcthan Inger, fealurlng UK prOmre$ and the 7th Ilmg lh• company has loured with Dan Con8thtum. However. prlor to thls, the lour5 in 2021r22 Started with The Seven Ftngers (Les 7 0gIS de la M8Sn}. Corning out of Canada. the home ol modgrn circus. lh8 cwipany is of the Wo.6 mo$1 8xdlng and innI1¥e eonlemporary CSrcJJs ojmpanies. Oetsllèd infomiion about thè compani•s, progr•mmos, pholograph¥. 4thJeos, crllc and audienc revkn arn 8vallabl• 8t wVM.dancècon$ortium.m and a ion induded bebw. Furthemiwe. tour report$ were created by thè Dance Consortium team atross all o$pect$ of the tours. indudlny data lo Sltpport on90Sng èvaluabon, and The Audiènce Agency prowded an ov0)W report that was rgwewed by the Directors and Mèmbers. Ongoing evaluation to support arUsii¢ decisions 1$ ntsw also carriad out by Ihg Executs've Direclof through th8 Culture CtyJnls evaluatt. to.1. a resource Pfovh1tsd as a Nallonal Portlollo Organisats'on ofArts Council England. Publlc nfft The Trust$. as required chanty law, have paid regard lo Iha Ch8nty Commission's guldance o) prOdIng public benefit while reviewirwj the Charity's aim$ an¢J objeclive$. and whlle dec¢ding vthal activities the Chority should undertake. The 7 Fingers lour was aThanged in a sh1 amount of lim8 and rospond8d dlrgclly lo venues being able lo rtropen. Comblnlng choreography and dance with physical Ihe8lre, dazzling acrnbali¢ s115 Wlth mU..media and rnusic this award-winnlng Iraikblazing MpanY was lust the ihing to wdcome audiences ba¢k after dosur&s and provlded members with much needed. hKdh-qu¥Ity inlernatsonal work. In total tho Gompany visited 6 venuo8, completing 11 porform8nco8. and reaching 6,867 people. Acosta Donz8 completed the tour lo some of tha v8nu&s ihai had been Cancelled in 2020 due to th8 pandemi¢ and addgd some additional dales. Th8 MpanY also 6 venues inthjding a London Pramiere, wlh a totsl 0114 performances, reaching 11,643 people. The NDT2 lour was th• coMpanS 7th tour prtserted by Dance Congortium whth w88 split across 2021122 and 2022123 financial yoars. It IndLtded a Lorthn Premi&r• and wsited 9 venue$ in total wrfh 20 porformancas. reaehing 13,323 people.
DANCE CONSORTIUM LIMITED REPORT OF THE TRUSTEES (CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 Public ben•fit Icontinuedl Therefore, In lotsl Dance Consortium presented 45 shows that reached 31,833 Feopk. Th• number ol Performances was less than the previous year, which was 54, but auiJl8nce figures were approximately the samg as pre.¢ovid level$131,253 in 2019r201, demonstrating that pragramming dedslons were slrong and appropriate to support retumlng aUdnces. Alull brèakdown as folbw8'. ompany Dttt•s o. of V•nu rfonnanG•¥ ot•1 Attend¢ vtrrnge apaclty oold e 7 Flngers 1 SeptemboT - 12 October 2022 February aich 2022 16 February- 17 2022 11 costa Danza 14 11.043 51% NDT2 Leaming and Partvpalit)n In addition lo thg tours, Dance Consortium conllnu8d to run a Leamlng and Parlcipalion progfammg, whlch indvded post.sh¢)w disi>J55ion5 and workshop6. Unsurpri&ngly, the number ol wothshops was reduced or the69 three lour8 duè to company eovid protoths and distanang mga8ure8 SliH being in plaLX. For The 7 Finger¥, post show Q8A$ r8n on Ihe opening night in all venue5 except Hu, Whe11 was not PO8$lblt duè to a slng18 show wlth an Immediale get-out. attracthng a Cumulative audience of mora than 580 people. A digital r8$our¢e pack. linking to di9it81 conttnl on Dance Con50rt&um and The 7 Fingers web and yo¢ral media channds, was produced lo $ypport audiences 8ludenls to learn about the or6gins and d18ciplinp conlempofary carcus, The 15-poge digital resourc8 pack was producéd and Shared by venue leaming, mark•ling and box office teams. on the 7 Fingers totjr website and on Dance Con8orUum's wobsil. These introductory not•$ leatud bèd(ground Inlorniation about 7 Fingws, introduced (liclO1 Shana C3rroll and the crgative pro¢•89 lor Pèss8gers. Croatsve fc41owvUP pracaul id•a$ for sob, duo group work were provided to ¢xt¥nd Ihg gxpertence. Alihough ¥urtable for all p5ubtic audience$. p8rticur t8iget group$ wer? young people aged 12+, those in perfoming arts tralning. professior artisls and those who are arts Djrious. For Acosta Danza. hope8 to cataIlse the succtrssful workshop$ during the oJrt8led 2020 EvolulpJn lour dld not come to fwition for ICQ% Cuban. Acosta Danza's o)mpanY8 Cowd protocols re31rlcted workshop participallon ond la¢e-tOvf8ce interactions. However, 505 paopla attend&d posl-5how Q8As. These wère popular events and an average 0115% of audlences femained in the 8uditluM for the 15-20 minute Q&A5. Th& Q8A usually featured four perfoimers Induding Raul Reinoso w*KJ also choreographed on ol the e¢e$ Llberto. Gcnlribulors were Inlllalty selected on th• strpnglh ol their English., thg pool of speakers wldgnèd once Company Manager Hglan, a confidenl Engsh speakor. joined the tOLif 8nd wo¥Aded translatson for dancer5 induding Zdeidy Cr•spo, the soloist in Impfrjnla who recewed enthusiastic receplion by audiences for ihis performanc8. 52 p•op19 8150 attended 4 open reheatsals au0$$ the lour. Open rehearsJ8 were Infomal due lo Ihe nature.of rehearsals taking place and induded 8 welcome and introduction from a m8mb¢r of Stall or short Q8A wKh a mpany meMr. There was some exlIent feedback from attendèes. parts'eularty al The Lowry who opered the event lo Devdopment patrons an¢J Sadler's Wells whith inwled members of ils over 85s local ¢ommunlty programme. Venue Staff noted that many open rehearsal attendees who weren't already tKket holdgrs prior lo the event immediatety w•nl to purchase tickets after seeing the open mhear5al.
DANCE CONSORTIUM LIMITED
REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
L8aming and partic¥pabon (LvnlAnued)
A 12-pago digital r&$ource pack was pcoduced to support oudierKes and students to deepen connections and
knowledge about thè Company and repertoire. The free resourcè was added lo venue and Dance Consortium
websites antj Shared widely by venue laaming, marketing and tKx office teams. Thè inwghl note5 were
downloaded 1c t1rn9s from the Dance Consortium Leam & Partopale lour pap.
NDT 2 s reputation and the calibre of Ihe thoreographers Isupporied by strwJ mark8tin9 8nd promobon vl$u81$
and video) was a selling point for practlc81 workshops and open hearSalS. The 'no cost to v•nutrs' rnodal and
ver8atillty of th& offer enabled venues to identify target groups for the engaggmenl opportunities available. For
example. practical workshops involved Over 60$ in No1. 8 Black-led youth dance group In Nottingham.
freelance dance artists in Ptymoulh. an open kvèl group In InversS and univer51ty studenls in Canlerbury.
Slmilarfy. open rehearsals 8n9agad an 0er peoF4e's art>based group lo albwale social Isolatsn In London.
adults with leamlng disabilities In Plymouth. ¥ocalional students In Edinburgh and high school students Sn
Norwich. Adopting a flexiblo approach supports venues lo establish and grow relallonships with key grouwJ and
communlli88 in their cily or 010n which are rehvanl. meangful and be suslained through venue$, onv
goiThJ locally run engagement programmes.
Across the NOT2 Tour 1,873 pèople engaged wlth 24 leaming and eng89om•nt events.. 82 wort8hop
partiCApanls, 332 open rehearsal attendances, 43 attended an cfjlln8 workshop 8nd 1.216 attgnded post.
P8rforrnance Q&As with company members. Due to uncertaint$ related to Covid, the workshop programma wa$
arranged al relatively Short notice wtth confwmation of lace-tO-fac4 workshops being gNen lust thre8 weeks prwjf
to the lour openiro. A sel of Covid protocols was ne9otialod between tha tour Venues, Danc% Consortium and
NOT 2 to minimise risks. Thls worked succes6fulty and where i83ues were Ilagggd sud) action was lak¢n swfftty
lo swrtch work6hop18ad81s or cancel sessions.
Th8rè Wefe al80 104 downloa
DANCE CONSORTIUM LIMITED REPORT OF THE TRUSTEES {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 ley Proioct UK (conlinued) In Juty 2021, Dance Consorbum officiaty launthed theAiley Proi•ca UK in BimYngh8m. Thg day engaged 25 professional dancers aged 14-19 from Blad(- led dance organisatKJn$ in 8inningham,' Eloquent Praise Dance and Ace Dance and mUc. The young people walched a prfrrecorded Gala of the company, had a live Iperson workshop with ex-Ailey darr Mar8 Jarell IMlli$, leamed rep8rtoire 8 a live 200m link to dgn¢ers in th8 studio in Nèw York and th8n had a sharing of Ihgtr work alongde a Q&A wth the o)mpany membèrs. A short 111m w83 produce111o highlight the event which was uploaded lo Iha Dan¢6 Consortium YouTube page. A further In.person workshop look place in January 2022 with Dance Consortium member vanuè Nottingham Theatro Roy81. They worke¢J with Take One Studios to reuuit young people from the 8r88 for this ontrday event that Included a simllar foml to the launch event but wth Pffj•rnCOTded content from the compony In Yc¥k. Thè project so far has demonslraled that Dance Consortium. through Ihls model of partn¢r8hlp working, can contribute to dance talent developmtrnl In iha UK and inre8se awaren8ss ol career pathways for young peoplg. Ahhough open lo all, the progr3mmè specAfically laigets young black daneefs, who hi$lori¢alty may not have had access Iv Ihe8e proj8cl$. Through the¥e Initial launch events. Danc¢ Consorfium was able lo lesl a model that will be implemented in rnember vènues across Ihe UK ov81 Ihe next 2 years in the lead up lo Arfey 2 lourlng in autumn 2023. Access Dance Consortium Llmrted aims lo overcome and reduce barriers lo access throu9h a rar)98 ol communrAlion m•8n8 and engagement kYoj¢cl$. Th& websrte indudes Imagas, inl•ryiews. film ¢hps an(18udience r8wws to provide insigh15 through different media. The extensive Leaming and Engagemonl progrnmme and after- P8rforman¢e talks aim lo build connections b¢een artists ond audlences and Dance Con80rtium has b8•n workln9 wllh members to devekjp accessibl& pèrfom)ance options for fvlure tours. Followiig the curtailed 2020 Evc4ulKJn ltyjr addep1S whkh only ran in SoLrthampton and Brgdford, Slghlllnts audio descrlpllon wa8 re-contracled to tjescribe 100% Cuban at four v8nuas- Sadlor's We113. Sallord, Hull and prnOLrth. Time was allocaled to prgpare s¢ripls lor Ihg new worf¢s Liberto and Hybrid, although thi$ wa8 confirmed very late dué to editing delays and intem8t probM5 uploading such Latge files in Cuba. Aft8r ing the dress rghearsal. the descberS made edils to the Da Pun18 8 Cabo scfipl since the choreography and some ol the slructure had changed Since the team had 4lew8(J the work in 2020. Al one poinl Ihere w88 concem the de8cribers would nol hgve 8d•quate bme lo ppare the scrfpt. il finally avallablo 48 hour• b8for8 th8 ffirsl show. The Trustees art grateful lo Sighllines for their wo. Unlortunately, no 381 lfflpaired paknis accessed tho a110 description for 100% Cuban. However, venue8 did uso thè ev15 lor staff Iralnlng and lamiliarisalion. The 8udKI-describers noted there is gr8al8r availability of audio-d•seribed perlomiances rtrsulling in more choic• for Visually impaired peo& when deudlng whSch shows lo book loi. The timing ol the lour vthen high ve15 ol Covid in th& community may also hav8 affocted decisKJn- making about booking for th¥alre. Some efforts warg made to promote the audi¢>described p8rformance5 bul rnore resources, especially al venue level. may have supported greal8r take up. LorA rdalionshlps are critical in developing and maint8inlng a Iru5ted relatN)nship between visuaDy impaired eudiences and venues. Sightlines provided an audiowguidè introdLKtion for venues lo sypwt matheling campaigns. The perforrnances were listed on the Vocaleyes perfom18ncè diary and Martha 08kes PR up an inleryiew with Jonalhan Nash for thg Fèbruary edition of Oancing Times, Talking Point lealu¥è. The ¢urrgnl lour of Les Ballèts Tro¢kadero de Monte C8rto has induded both audio desctiptiDn and touch tours as part of the offer to MsuaY impaired patron$. but only al Sadlef's Wdls Theatre In London. Darte Cons0Um,8 Learning aThJ P8rtitypation Coordinator 15 ryJrr&nty workn.ng with the Sadler's Wells le8m lo evaluala these resources, including interviewing patrons and audio dOberS. This wll feed into a widèr piece ol work Sadler's Wells is undertaking on accassibilty and will bg shared members. Oance Cons¢ylium is also wrrentty undertaking a venue acces$ibihty audit aeross the entire member¥hip lo fvlty understand what resources are currenly available. l)rw they are used and hLw this compares wlth oth cornpani&s and art forms. Thls work will feed into Dance Consortium's Equalty and DNersity Action Plan.
DANCE CONSORTIUM LIMITED REPORT OF THE TRUSTEES ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 $91o¢ted reviews ond quotes 7ha 7 Fingerd. Pass&g6rs.' The Tlmt¥. 5.star r•vlow. 4 Octob•r-"Pa8sagers allows ifs pheTh>nenal perfomws onwle chance lo shine not st8$ 8 crnck 8nsemble butinthwdualty.... This is ono ollh8 best-k1O cbrus show$ In my memory." The Guardian, 4•Star revl•w. 2 O¢ft>ber moments of wonderand leaps of lailh" som&lhing highly ¢h4rued, an thstrallon of grncfy, fr8edom, Styl• Blrmingham. revlew. 23 Soptember - "This fhnlling pmd4KfM will havo you IKh)k&d from start to finlsh and was a grgat way lo bring th& Hippodrome bk to lif8. Ilyou enjoy theatrics and are looklng lo walch one Ihlng In theatre this year mako rf The T Firyers." North West End (Hull), &star rnvl•w. 29 S•pt•mb•r. This is 19 to bo the SI$1 rOvW I8 everwrttt&n. HeTr goes. O.M,Gl... Its nol often l am lost for wonls. bul lin sIn4Ing to doscribo what Ihis Grew c8P8ble of. Ill@ ml$$ed 8nythlng out. its bec8use l in slill in shock." GS¢•ne18rfghtonl, r•vl•w. 2 O¢tob•r- 'Thesg 0ments ol oxquislte be8uty ènd d&ngerJust blow you aw8y. B(rt th&rn$ nwch 818e fo pl8ose and exLyt&...If8 slawng." East Mldlonds Th•atr• INottinghaml, Star r•v5ew, 6 O¢tob•r-"Thls &mazlng show has boen gJft8d us by Dance Consortium and if is a totally 6tgo9 bl&nd ol Clrcus skills, conlgmporary d8nc&, theotrg, mlxod mgth0 suals and mu&c that gets Into your soul. It is thomughlyinloxi¢81ing and thore AS no hangover thg moming aft&1 - Just sparkling mernorf&s Ih81 Mll lirogrlorye8ts fmm Passage th8 besf hybrKI d8n¢•/tircus show, unlikft any olh8r." NDT2- Mixed Bill Debrn Cr•ln•, Th• Tlfflm. 17 F•bN•ry - INDf¥J youno danc8rs ar• outslandlThJ Very& and its r8P8rtolre Is 8dv•nturous, groundbr60kinq ond virtuosic.. Lyndsey Winshlpj Th Gunll•n. 17 F•bnMry - "NDT2 18 8 CoMnY of increthbl& dance...m8Ybtr Ih&rBs Something m8gic in the erw and 8mtsfw arnj thscWn8 you 18ke Into your first lyg , m8lchd wilh pr&coctous lechnioue." Marfr Monahan, D•lty T•l•grnph, 17 Febnwry - Tr young Dutch IrOu.$ Iltst UK vIt In &x ye8f¥ ylelds som8 of Ihe mosl Ihrflllng p&rformancgs likely to 8Uye4r." Ro••mary Waugh. Th• 1. 17 F•brury - Tr eleth7¢ oneryy of Ihe NDT2 company radl81è$ thmuph &v•ry $lep...this is &n iryrnssNe shor&sg olpow8rful alltM mgeting gra and tr." Katie Colombu$. rh• Arts D•sk oft Slmple Thlng¥. 18 F•bwary - Tr fuslon thfelegant ballelic lin& wth Ihrowaw8y fin8sse lets the danc6ts'personalib'&s shNn9." Adrlan York. London Unatts¢h•d, 18 F•bruary - "This was a lrtumph8nt evonlng of cort8mporary danGe encompasslng thr88 disTrnct (Jance languages the ojmpany r8ceiving a deseNed $9rigs of0v81s. Cafch11 wthl& you Canr Jarlath O'Conn•ll, Th? Amerlc•n, 19 F•bruary . 'A triple bthl fizzes energy, amthlon, graca. ath181srn, 8ndpOuS t¢¢hnwue."
DANCE CONSORTIUM LIMITED REPORT OF THE TRUSTEES (CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 Sele¢t•dreviews •nd quotes (Condnu Sarnh Crompton, The Obswv•r, 20 F•bruary - Tr p)Un&t or the 18 d8ncorn who mak& Ned&rtands Dans Th&8ter2 is 20, th8 oldest is 26- 8nd every sin918 one of tham 1$ utterty astomshing. Wglching Ih8m move is just a pl&asuro, Iheir fluid t9chnwue. 8legant limb$ and thsCIrIed shapes filling then7s•lves to whatgvgl ¢horeogTrphyis Ihwn at them.. Acosta Danza- 1007 Cuban.. Th• Tlm•$, 10 February - "What a W8m, s&n5ual atxl 10th group of danGern ASta has at his dlsposal. The pl&asure they takè in rfOm.ng Ispalp8ble." Th Guardlan, 10 F•bruary- '[A&)sta Danzaj 0mld [Astaj hop8dto pul ou¢ into th& wortd th Its 18unch in 2016.. taking Cuban choreography arou1 tho globe with o set of gift8d d8n¢ern whose vors&ts'le I)0d8 sp88k in multiple languages olball81, GontempNary. urtjan, Afiican and Labn dance.. Ev•nlng Stsndard, 10 F•bTUary . '[Acoslas] gmalesl success hès bgen in his cholGg ofd8nc&rs- o dozen or so youngsters, brighlveyed and tsush111ed, 811 c8P8Ole of fliok6ring b&lwe•n classical and Gonl8mpor8ry With o breezy seM-confidenc& and ¢on$umm8t& $klAI - 8nd wlth a chartsma many ol Ihose who saw Awsta In his heyday ¥wll o&slly recogrri¥6." Dally T•l•graph on De Punt• a C•b4 10 F•bruary - 'A snapshot of n)dgnHlJy H4v8nè in 011 ts crumbllng. iff&&Stlbl8 glory, this inlgiweoves- with grnal succ8ss- dan¢e Styles as rnmoto 4$ hip hop and blgL shows thg comp8ny$ 14 danc•rs off lo $lW-S1opP1Q eff8Ct. and orgu4Ny Ihe finost on&-Stop Misw•Ient yo101 whalA¢osla w8nls from hls company.. Brltlih Th•otr• Guld• R•¥lw¥. 10 F•brn•ry - 'The joy. the Weg'ying ernrgy of d8nc&. Its oxpres&lven8ss, its muslc&llty, doesnl come b•tter thèn tlwHh to lje 49wn. Even the dancad curtain Gall IsJoyou&' Th• Stage. 11 F•bruary- 'Its gre81 lo watch t81ontod danc8Tr Ihal oozepy 8$ much as technical bnlli8n¢e. And it m8kes for an gv&n better expert8nce 4then th81ioy is inlecitrous. nkns you in your s08t and conpets you lo 1•8p on lo th& sl8g8 to In in. In a wthp of d8nees rnngng Imm bèllet lo AftcUbaft. 1C¥y Cuban h8s11811 on offer." Th• Ob8•rvor, 12 F•bruary-'tThe d8fKrsJ ha talent, pef50nality 8nd •nlhusla¥m Ihat b&èms off tho stap. 11 is a plea5uip lo spend 8 couplo olhours in Iheir company.. Th• Art•dosk. 14 Febru#ry-"Il Cort0s Aco$18 LVId have l)01tt8d the ygar-round stmshin8 ol h1$ n8tNe Cuba, he would have. Insfvad he did lh• next bes1 tth'ng and founded Acosta Danz4... Theres nol on Item on t pro9ramrne that doesn t Illuminal& some aso6d of conlemfvNThry Cuban lilo..
DANCE CONSORTIUM LIMITED REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Strnctur•Tr goveman¢• •nd managemgnt Danee Consortium Llmited was established in March 2007 Iregislered number 61792231 and ils conslitutkjn is set out in a Memorandutn and Arbde$ of Associatk)n {Jast amended 29 February 2008). The c4)mpany is company limited by guarantee and i¥ also a wistered tharity (number 11302891. DanG• Consortium Limited comprises 18 member Ih&alre8 and other Iheati85 that tske part in tours an occasional basis. Memb8r theatre8 contribut& lo the core CA)Sts of thè organisation and are listèd on the ts$ll•.. w¥AY.danceconsortium.eom. The oblects of Dance Consortium Llmiled ar8 lo arts and tUre by prowdlng thè public atyos5 th8 UK aryss to a range of intemalonal eonl8mporary dancé experfencE3 that would not otherwise b6 avibabfe. The goveming body of Ihe company Is a board of len noTrexethe Trusle6s. No Trustee recaivad èny remuneratlon In the y•8r. Thè Tmst••$ of Charfia0 cwnpany durtng the poliod were as lolows.. M 0011 M Locatori P gernays S Caler S Crocker A Hursl R Kay-Prtce I Wlile S Walker A Bhatt (Apw'nted 25 May 2021) (Rgsigned 1 December 2021} The Charity 15 iM•M•n11n9 Ihg Chadty CommiJn,S Code lor lh8 Voluntary and Community Se&or 'Good Govemanco.. New Trusteès 8re elected by the Members and al 1ga$l 50% have experience of 08nc4 Consortium as a M8mb&r. They are expèri•nced arts managers and have govemance exper¢0 In th8lr own org8nisalion8. In 2017 the eoard and m•mbers road Ihal independent m&mbers should be appointed to the Btsard in order to diverslfy 11$ mtsrnbershlp, recwitrnenl commen¢ed in September 2018 and lour new mernbers were appointed at Ihe AGM in Derembar 2018 with an oddlts.onal 4 fflembers Including 2 indendent members b8ing 8ppointed in January 2021. In May 2021 3 new membèr Oirector was appoinl&d and lollowlng the Wesignatn ol a men*er Dlrector {Co-Chair) in December 2021, a new dlredor was appointe¢J as cchaIr at the AGM in December 2021. All Members receive copies ol governan¢8 documents. membership agreements, Dance Consortium's Business Pkns. appltations to and lunding agroements wilh Art$ Council EThJland.' AJI mambers partipala In derAding and planning Ihg artistic programme and receive quarterty fInana r•port$. The respOnSlI1t1&S of the Board, requirfjd by Company L. are set on page 12. The Board me&ls four limes eoth year. The Board tskes a viow and nNx¥iors progress on budgets and finGlI projections 8n¢ a8CIaled and ancillary actiti including.. the use and devajopmenl of the website and other digital communl¢alion6,' marketing and technical support for lours-. marketing. tèchnical and education seminars Involn9 the wider d#nce sector. arKI general commLrnrAtyons whh key 5takehok1er& Attendance al all m•eling5 has been good, with attendance supported Ihrough using virtual meeting tools lo nae wider p8rttcApaknon and reduc8 barriers to accèss Ihal can be presented by Irav81. This w88 Lts8d •ffeetNety during thè pericMJs ol l¢xkdown throughoui 2020 and 2021. Over the year the Board has nsidered a range of issues iAding the Mabilty of proposed lour& specific aspects of poli and operathJn¥ - r•porbrvJ kéy proposas and dec4sionÉ to meetings of rnembers whith follow DIreOrS, meetsngs.
DANCE CONSORTIUM LIMITED REPORT OF THE TRUSTEES ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Int&mal conlmls The Board is responsible for malntalning a s(xJnd System of inlemal (y)nlrol and bud9&t mon(toring. ALy>)untsncy service$ arè provsded by a contract wilh Birmlngham HipKM)drome Thealrtr. The Iheatra's Director of Flnance & Resources andlor Danee Con50rtium's Ex•¢utive Dir•cl¢x report lo 8a¢h Board meeting on 811 aspects d finance and a¢¢>Junling. Outline budgets ale presented that eA)ver ihe proia¢t&d period ol Arts Council funding and Dan Consortium Limrfed's business plan. An annual budgot i8 presented to and approved by the Board prior lo each new finènrAal year. Management xo)unts in which aclual results arg compared against budgot8d fKJures are issuod monlhty lo the Exacutive DirwAor lor re¥i8w and presented lo the Board al each mealing for Réwèw olnsks Tha Board ha8 oVern a re¥i&w of Iho major risks lo vthlch thè Charity is •xpo88d, and systems hav8 been esleb¢ished lo miligale the88 fisk$. Inlemal rfsks are minirnised by thè implemenlallon of procedures for authorisation and moniloring ol all Ir8nsactions. and ptstèntial axiamal risks to futswo in¢orne 18vels 8nLI th• availability of produd arè addressed by the 8oard of Trusleos. A review of the rlsk management an was catheil out In March 2021 foJltsww)g tha ongoing risk monllorfng of th 8ffeds of Ihe globgl pandemic. Th• cancellation of tours due to a pandemk ntinUed lo be hlgh wilh addilitsnal rlsks a6Bocialed wllh major incidents affeeb'ng both national and intemalional travel and thè effect conllnued lo mpacl diff8ronl seclors. These risks were rgnked akjngshje the risks ol budget tsver5pends and c85h flow management 0880daled with lour cancelLgth'on. Assurances were givèn by Arts Council England that iesèNes occumulaled from the cancellation and po$lponemenl of tours Could be carrie(I forward lo fund lulure touring ans. From Marth 2021 Ihe planning of futurè l¢)urs ntInUed lo be reviewe(1 by thè Director5 and al members al regular rn&eling$. Followin9 the previous can¢ellalion of on& lour ha1fv4ay through and hyo lour$ i*ing Postponed in 2020121. Dar9 Consoruum undertook threè tours bn qulck succe$8lon trorn Sept6rnt)er 2021 10 March 2022, giving member venues much needed arfi61ic product lo bring audiences back lo liv• theatre. D8nc& Con50rtium Lkniled ha8 bggn regularly frjnded by Arts Councl England since 2008. An applic4tion for funding for th8 2018-22 perio¢ was made in January 2017 and a ¢onditional offgr of fundlng for thi$ ptrriod received in June 2017. Funding lor the period up lo 2022 was Confirmed in March 2018 and a lunding wJreemènl offered on the basis of gn agreed BLtsinass Plan for ihe pèriod. AS 8 resutt of th? pan(Jemi¢ fvnding was extended to Mafth 2023 8n¢ a 8usiness Plan for the 2022r23 periotj submitted to thè Arts Council. In January 2021, Arts Councll England opened applicalions from ofganlsalions seeking regular lunding from April 2023 10 March 2028. "reCtorS and members worked 109elher on the applic8tson. setting dear goals, targets and artlS(ic plans as pef the applicatlon guidance ond process. This appiicab.on was 5ubmitt&d 8t the ènd of April 2022 with 4 dedslon Confimed in November 2022. No tours arè planned without confimiation of suffKient fijndlng and lour trNJdgets InrAude a small o)nllngency lo mrflg81& the possible imp8Ct of costs that ¢annol be anticipated. Foreign axchange ri6ks are mlllgaled by the fotward purchasa of f(Meign cJJrrency vtherè appropriate or through negoliab.ng fees wrth companies. Dance Consortium Limite(l operates with a minimal ovethead with pernianenl. part lime employee, th8 Ex8oJIe Director wh¢ is hosted at the Birmingham Hippodrome. makn'ng a minirn81 contribution lo desk space and IT 8nd HR support. Following Ihe planned reiiremenl of Ihe curr&nl Executive Director. an exl&nsive rgUUTtment process look aCe befvleèn November 2021 and January 2022, which resulled in thtr appointrnenl of new Executiv8 0ire¢lor, in a lu114ime role. They took this posl up in May 2022. A lull risk revpw is currently un(Jerway and due for MpletiOn by end of 2022 oncè the new Executtve Diredor has been in post for 6 months. Tour boon9. management, ma¥keting. soci•l media and tethnrAI requirements are Cltracted on a freelance basis as requlre(l. with costs bèing albcated lo lour budg&ts. Management of the website Is also conlraGted on a freelance basis, with additsonal Services provided on a ¢our-by.Icur ba&$.
DANCE CONSORTIUM LIMITED REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 FSnanclal r•vl•w The result$ for ihe period are shown in the statemènt of financial act1¥r¢ on pag¥ 16. A defiot of £222.402 12021.. surplus 01 £393.9691 has been incurred on unre611icted lunds. The level of Surplus achievèd al the end of Ihe financial year 2020r21 was &xc8Ptional and due to th& dosure of Ihe theatres and lack of a¢tivty during the pandemic where the oiganisation actsued income wilhoul spending. Th& defitsl in 2021r22 is the resutt of ulili$ing funds re¢eivgd In 2020r21 that were unaLge lo be spent n 2021Y21. The Charity has no restr& funds. Golng conc•rn The finan¢i81 slalèmenls haw been prepar8d on a concem b86is. The tharity'8 future esle9 18 dgpendenl upon the finanfial SUCSS ol future produciions and ori the continuad support of Arts Coul1 of England, whith has confirmed its 5UPPOrt lor th6 period to 31 Mafch 2026. The ifusltses have undertakAn an 8$sessmenl ol Ihe going ¢oncem ol Ihe charity. This 8ss•ssmant considered. for a poriod ot bvelve months from th8 dale of approval of the financial statements, the likety trading condilw$, alongskl& $tskoholder support and expected consumor appolile. Following COnderation ol Ihe likefy tradirrfJ conOn8 and a nurnber ol diff8renl scanarlos. the tTUStees havo nClUded that the ¢h81ity remains a goirKJ eon¢em and 10 th•r•fore appro81• to prepar¥ the financial stalemonts on a going concwi basis. Pknni for futur• p•rlod* Tour6 planned for 2022 onward$ indude rescheduled tours from Sao Paulo Oance Cornpany and A1Y 2 from New York. as well as relum visls from Le$ Ball915 Tmckadefo de Montg Carfo {USA) and ooda ma40 (South Africa). Provlslonal touring plans are in ple up lo and induding Spring 2024. Dance Consortium plan5 its tours over a >4 year cydo in Ino wlih funding from Arts Coundl England. 118eeks lo bajance a diverse programm& of popular and advgnturous work Ihal builds 8udienc•s. 1•14in$ 9$tablIsd danco supporterslpalrons and incroases Ihe depth and appreoation and enga98manl. R•••riM Pollcy Dance Consortlum Llmfted h88 agreed 8 resew polcy lo en$uTe rt is able to covar outstanding costs of tours and other contracts in the event of exceptional ¢irrwmstances such a8 the loss of Arts Coundl England funding, andlor lo cover any necessary costs aSl9t81 wtth the orderly wiTh>LSP of the txmpany. The cufrenl re58rve$ required for this purpo8¥ w¥s set as £7S,000. Thi$ wa8 reviewed in 2021 and due to the in¢roasod costs of lourlng and operations of Oanee Consortium knmi18d, this has now been increased to a target of £150,OLJJ by the 9nd ol the 202&26 fundlng period. The athial ¢uryenl Ve1 of reserves is unrestricted funds of E551.76312021'. £777.1651 and will enable th8 planned use of rjjrrent Arts Counc41 England fundiro for Danc& Con59rtium Limlt8d'$ ongoing pro9ramm8 oftounng. Inv•Jtm•nt poll¢y Th8 funds available for thg Charity lo invest depend on the th'ming of funding and of tour fee$ and other xpendilure. Theatre fees are requested as the tour proceeds lo Ihg indlvldual venue. To r¢t8ln flexlbllrty and availability of these funds. the CITarily uses a wrrent a¢xount and a higher raie call account, takiig account of higher inlere8t rates whorg possible. Flx•d •i•¢ts There are no fLxed assets. Trusts• Llablllty Imurnnce Tftjslee Liability Insurance was r8kiewed and ¢onslder8d by the Board In June 2022. It was agreed that this should b9 In place and has been tsken Olrt in July 2023 wth £l.QX¢..i]rJ) liabilty in pla¢e. .10-
DANCE CONSORTIUM LIMITED REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Taxation Ststu¥ The company. whlch is a regislefed charity. is entrfed to the eX•mn6 affordgd by Part Xl. CTA2010 and S250 TCGA 1992, and 50 is exempl for taxation on Ks charitglA& activit*s. Statem•nt a• to dli¢losurn ol Inlormation lo audltor The director3 who w•r• in office on th& dal? of approval of these financi $ts1om8nts have Confirmed. as far 88 Ihey arè aware, Ihal th is no re]8vanl audit inforrnation of which the auditor 1$ unaware. Eath ol the directors hav¥ confirmed Ihal Ihoy have taken all the steps that Ihey ought to have tsken a¥ directors in ordw to mak¥ Ih8mselves awarn of any relevant audrt infonnation an(1 to estsblish that tt has been c4mnwnlcal8d to lh• auditor. This report has been prgpared In accordarte Mrylh the provl6Son8 applicab18 to companr48 enl¢tled to thè Small company's exèmption. On beha the ockèr 11
DANCE CONSORTIUM LIMITED STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2022 The TNslee8 are responslble for weparing the Trustees. Report and tha findra1 5tat¢mgnis ac£ordonce th applicable law and United Kingdom Acwunthng Standards (United ngdoM Generalty Accaptod Aryunling Practice). Company law raquir•s the Twslegs lo pwpe financial s181ements for financL41 year wlNth gives a Im• and falr vlew of the stale of affairs of the thantable company and of the Incoming resources and application of resources, includlng the income and expendibJre. of the thaTity fof that peri¢)d. In prgparing these ftnanual Stslements. th& Trustees are r¢qLAr4<110- ' select suitabk accounting poll¢1 and then wly them ¢onsislenlly' obsew the methods and prinopies the chir11$ SORP,. . make iudgemenl8 and 08tlmal&s that are reasonable and prtent. ' pr•p?re the finandal 8tslements on the golng conc8m basi$ unless tt Is Inapprowlal• to Presumg that the charltable company will wntinue in business. Th& Trusle85 are re$n61b1e lor kegping proper accUntIl9 rwds that dlxlose with r¥•sonable awraCY al any lime the financial positi.on ol the Chafilable company and enat48 them to ansure that th8 flnanoal stslernenls comply with the Companias Acl 2006. They are also responsible lor safeguafding assgls of the charitabl& g)mpany and hence lor taking reasonab steps the prevenllon aThJ detection of fraud and other iffegularthes. In $0 far 88 tha Trustfjes ar• ¥warn.' • Ih•r¢ is no rfjlgvanl audit InfomlOn ofwhl¢h the tharilabk rynpatys auditor is ungwar•', and é the Tru6lfjes havo taken st•p$ that they tst to hav• lak to make th9msel$ #T8 of ary r91evant audll Infoall0n and lo •Gt8blish Ihgl the auditor Is aware of thal Inforni8ti0n. The Twste&s ar6 responsible for the maintenance arvJ integrity of th8 torporale and financial In1110n induded on th8 ¢h8Tit*ble company's websrte. Legislation In the Unitèd Kingdom govemSng the pwjarnlon and dissemination of Ilnancial Slalemenls rnay diffor from legislakn in o¢herjurisdldions. 12-
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DANCE CONSORTIUM LIMITED Opinion We have audited the firwncial $lat8merrts of Dance Consorbum Lknrted {the 'charilable company) for the year ended 31 March 2022 which comprise the Statement ol Finaniial Activities. the Balance Sheet. tho Slalement ol Cash Flows and notes to the financ4al statements, induding a summary ol signrficant accounlSng policEs. Tho financial reporting framework that ha$ been applled in Iheir preparation is appIable Law United ngdoM Accounting Standards, indLbding FRS 102 'The Finanaal Rewthng Standard apICall8 In th8 UK and Republk of Ireland" IUn((ed Kingdom Generaly Accepted Accounting Piadice). In tyjr op1n1c Ihe finan¢i81 stslements.. give a true and foir &W of the State ol the ¢haritable ojmpanls affairs as al 31 March 2022 and of 115 incoming resourc8s and applulbon of resource$, induding ils income and exp&nditure. for th8 year then ended.. have been property prepared in aC0)rdan United Klngdom Generalty ApIed Accountlng Prnctre., and have been prwared In accordancé wth the requirements of th8 Companie$Act 2008. Bag18 for oplnlon We conduct8d our audrt in accordan¢g Wth Internalional Standard$ on Audn9 IUKI IISA8 (UKII and appll¢abl8 law. OUT re8ponslt41rlies under those slandafds are fijrther described in the Audilorfs respon5ibililies for the audit ol the 1Snancio18tatements sgdion ol our reporL We ar& irwjependenl ol tho tharilabl8 ¢ompany in accordan¢e with the ethlcal quITmentS Ih81 are relevant to our auL1i¢ ol tho financial slatem&nls th6 UK, SnclLJing the FRC'5 Ethical Standard, and wo have fujfilled our other elhical wponsibilities ) 8¢o)rdance wrth these requiremènts. W8 believe that Ihe audit evidence w& have oblah)•d ts suifKxnl and apyopwiate to pro¥ldo 8 ba8is lor our opinlon. Conclu#lon8 rnlatlng 1¢ golng concern In auditing the financAal statamenls, we have c(1U¢¢I thgt the Irusloes, use ol gdng Co81n basil ol 8rLountsng In the preparation of tho finan¢i81 slalemonts is appropriat&. 88$•d on woth wo hav pgrformed, w• hovg r1 kl•ntrfied any material uncwtalnllos r•taling lo events or conditions Ihal, individu8lly or collectively. may cast sKJnifi¢•nl doubt on the charitsblè company'8 ability lo rAJnllnu8 os 8 going concern for a porbd ol ai le¥61 fv¥elve months frf>n whon the financial statements are authorised lor 188ue. Our re8ponsibS1itsgs and Ihe responbIlItIeS of th8 ITUStge$ th rnsp8cI to golng o)ncorn are de8¢rlbed in the relevant sections of thi8 report. Other Informatlon The trusleeg are r•spon#ib18 for th• othef inlomation. The other Infomiatton Comprises the infoTm8lon Includ8d in the Report and FinAnc¢81 S181emenls other than the finan¢i81 stslements and OLN auditor's report Ihereon. Our opinlon on Ihe finanetal $18temenis does not cover Ihe othor information and, excèpt to tho tsxtenl otherwis8 expllolly $¢aled in our report. we do not express any fomi of assurane¢ ¢onclusion Iher80n. Our re8ponsibllity is lo r•ad th• oth•r lOrnatiOn and. In (b)ing $0. consider whether the Othgr knfomigtion is malerialty inconsislenl wilh the fin8ndal statemenls or our kn¢¥ledge obtained In the couw of the audit or otherwise appears to bg matèrialty mi55tated. If we hlentlfy such Matèri Ineonsistenaes or 9pparenl material m5gslalements. we are reguirpd to detenIn• wh8th8r this gNes rise to a fflatellaS mlsstatamgnl in th8 financial slalemenis themselves. If. based Ihe work we h8ve perfomed. we ndd0 th81 Ihpre IB a m818rial mis51atemenl ol this othw infoTrnalion, we are r8qulre(I to pOrt that frdd. We have nolNng lo report in thi5 regard. Oplnlons on oth•r matt•rB prnscrfbed by the Companles Act 2006 In our opinion, based on the work underfaken in Ihe course of th& audiL the information givgn ift the Truslees. Rèwl, whith inctudes thg Oirgct¢Ys' Report prepared for th8 purposes of company law. for the finanaal year lor which Ihe finan(#al slements are prepared is ¢onslStent with thè finanual stalements: and the D1ctors, Rgport inced withln the Tn4siees' Report ha$ been preparad in acetrfdpnce with apF41cable legal requiramanls. 13-
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DANCE CONSORTIUM LIMITED (CONTINUED) Matter5 on whlch w• are required to rvport by exception In the IvJht of the knowledge and understanding of the charitable MpanY and ils enwronm&nl obtaned in the coursa of tha audit, we have not identifEd malerial mlsslalements the Directors, Report I[lded within Ihe Trustees. Report. We have nothing lo report in resped of the folkn¥ing matters wh8re the Companh?s Act 2C(6 raquires us lo r&w)rt to you rf, In our ownion.. adequxle accounting re¢ords have not b88n kept. or r•tLrn8 adequele for our audit have not been receivgd from branthes noi visited by us.. or the financial statements are Il in agreement wrth Ihe accnunllThJ record5 and retum5.' or certain disdosuies ol trustees, mneral1 Spear by law af¥ not made., or • we have not r袥ived 411 the information and explanations we requiro lor our audrt.. or the Trustees were not entitled lo prepare the financial statèmnls in aOrdanCe with the Small CAynp8nies' regime and takg advantage ol the small companies exempbon from the requirement lo prtspare a Slrateglc Roport Of in prewng th• OireLXors' Rep Rg•pon8lbllltle• of Trustrg¥ As explained more lully in the Statement ol Trustees, responsibilities sel out on pag8 12, Ihe trustees Iwho are algo tha dlrèclor5 of the tharil8ble company lor the PLrposes ol company lawl are responsib for th8 preparatSon ol the financial 51alernents and for being satisfied that they giv• a true and fair view, and for such inlemal control as the Irusleos determine is neoessary to anable the preparalion ol finanaal slatam¢nls Ihal ar8 Irg9 from malwial misslalemenl, wh8th•r lo fraud or arror. In preparing the financ1 slatsmanis. the trustees are responsiblé for as6es$ing the ch¥ritabk company's alitY lo continue as a gn9 concafn, disdosing, as appli¢ablo, matlers Tetated to golng fX)ncem and using Ihe golng concern basis ol auntIng Lmless the Irusleej either intend to tiquid8le the charita& Company or lo cease opor8tions, or hgvo no re1$11¢ 4lternati¥8 bul lo do so. AudStorf• r••pon•lbllbtloB lor tho audlt of th• fln•Th¢1 8tat•m•nts OUT objectives grg lo obtaln r•ason8bl8 as8uran¢e about whether Ihe finantyal $18lernents As a whde arfr fr90 from mai•Tial misstatem8nl, whelhar due io fraud or error, and lo Issuè an audiior'$ oport that Indud88 OLW opinlon. Reasonable a8$urance is a high le1 ol a$sufan¢e, bul is not a guarantee that an audrt u)nducted in accordance wilh ISAS IUKI will always delect a m8teri81 misstatement when il e$1$. Mi5Statemenl¥ can arlse from fraud or error and are nsidered materi81 il, individually or in th6 aggregale, they u)uld re850nabty b8 axpe¢led lo influence Ihg economic decisions ol Ltsers laken on the boSi5 of these fmawal gtstement8. The extont to whlch th¥ audit was consld•rnd eapabl• of d•t•cting Irr•gularltig8. Includlng fraud Ifregularilies are Instances of nonrycompliance wlh laws and regulalions. The objectNèS of our audit gre to obtaln suffKient appropriate audit evider8 regarding compliance wilh law3 and regu1)n$ thal have a direct effect on the determinallon of material amounls and d1$dosu5 in the financial statemènts, lo perform au(Jil proc8dure$ lo help aentily Inslancès of non-compliance with olher bws and Tegulalions that may have 8 rnalerial effecl on the fin#n¢i81 8¢alemenls, and Iv respond aFgroprialety to Kknilifieo or suspoGt8d notFcomplianLX Wrth laws and regulations ljenlified during tho audll. In relation to frgu¢J, the objectives of our aLKlit ar• to Klenlfy and assess risk ol m8ltrrial misstatemonl of th& financial slatamgnl$ due lo frdud, to obtain suffifienl appropriate audit evidence regardirrfJ the assessed risks ol matèrial misststemenl due to fraud through designin9 and implementing appropria18 responses and lo respond approprfalely lo fraud Ix suspecied fraud Idenlffled during the audit. However, the pnmary r95ponsif)ilty of management, with the Oversh1 ol th0$9 thaTggd with govemanco. lo ensure that the entity's oper8th)n8 are Conducted in accwdance with the provisi8 of law8 and regulations and for Ihe prevention and dele¢b"on of fraud. 14-
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DANCE CONSORTIUM LIMITED (CONTINUED)
The extent to which the audit was considered capable of detecting irregularities, including fraud (continued)·
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:
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obtained an understanding of the nature of the sector, including the legal and regulatory framework that the charitable company operates in and how the charitable company is complying with the l�gal and regulatory framework;
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inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of
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. fraud;
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discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud.
As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, Charities SORP (FRS 102), Companies Act 2006, Charities Act 2011, the charitable company's governing document, tax legislation and Charities (Protection and Social Investment) Act 2016. We performed audit procedures to detect non-compliances which may have a material impact on the financial statements which included reviewing the financial statements including the Trustees' Report, remaining alert to new or unusual transactions which may not be in accordance with the governing documents, inspecting correspondence with local tax authorities and evaluating advice received from internal/external advisers.
The audit engagement team identified the risk of management override of controls as the area where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments, evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Anna Spencer-Gray
Anna Spencer-Gray (Senior Statutory Auditor) For and on behalf of RSM UK Audit LLP, Statutory Auditor Chartered Accountants 103 Co Im ore Row Birmingham B33AG
16 December 2022
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DANCE CONSORTIUM LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Year ¢nd•d 31 M•h Totsl Totsl nmtTiCted unMtrf¢tsd 2022 2021 Donat)n$ and19gadas Charilable aclNrfioS Invostmants Olhvr irxxm 500.371 525.102 470 4,686 498.371 15,825 Totsl In¢om• 1.030.829 S14,581 Ch•rtt•bl• acai¥ilws 1,253.031 120,592 N•t leXp•nd1fvwln¢0M• for th• y••rf N•t mov•m•nl In fund• 1222,4021 393,989 Totsl lund8 brtyjghl I0•r0 777.165 383.216 Total fund• urrled ftmnl 554.783 777,185 All Inc• and exp•ndllur• dfjrlve frryn G¢)nikwlng actNilbei. The si8l•menl of ffnwial 8clivitles aho coff• with lh• r•thnIS In Incthn• •9nJro 8tsxunl undor lh• Comp*ies Act 2006. 18-
Company Registration No. 06179223
DANCE CONSORTIUM LIMITED
BALANCE SHEET
AS AT 31 MARCH 2022
| Current assets Debtors Cash at bank and in hand Notes 11 Creditors: amounts falling due within 12 one year Net current assets Income funds Unrestricted funds 2022 £ 202,969 559,394 762,363 (207,580) |
2021 £ £ £ 12,525 781,290 793,815 (16,630) 554,783 777,185 554,783 777,185 554,783 777,185 |
|---|---|
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
iaat�iements were approved by the Trustees on 14 December 2022.
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DANCE CONSORTIUM LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Nots8 Cash flows trom op•rating activiti Cash labsort>ed by)Igensral8d iiom operalK)ns 13 1222,366) 321,764 Investing aGtlvltl•8 Inlerest receiv8d 470 365 N•t ¢h u•n¢rnt•d from Inv•stlng a¢tlvlties 470 365 N•t ¢*8h used In fln•n¢Sng actlv5tle• Not Id•er•?¥•Vlncr•a•• In rn•h •nd cash •qulv•lgnts 1221.896) 322.129 Cash and cash equivalent8 al beginnbng of year 781,290 459.161 Ca•h and c4•h •qulval•nt8 at end of y••r 559,394 761.290 -18-
DANCE CONSORTIUM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 A¢countlng pollclei Chartty inf0mtIon Daneo Consortium Limited is a charitabb cornpany (orporated in England and do&s not have share prtaI. The 8ddr88s ol the Charivs registered office 1$ &'mingham Hippodiom& Theatre. Hutsl Slr&g1. Binningham, BS 4TB. A¢¢ountlnq conv•ntSon The financial statem¢nls hav8 been prep8red in 8cwdance vAlh the Staiement of R8commgnd8d Pra¢XrA'. Accounting and Rèporb"ng by Charitie$ Wepar1r their accounts in aceordance with the Financlal Rewting Standard applicable In the UK and RepU1C ol Irdand IFRS 1021 {effective 1 January 20191 and the Financlal Reporfng Standard applscable In the United Kingdom and RtrpubNc of Ir8laNI IFRS 1021. and thg Companies Act 20Cé. Dance Consortlum Llmlled meets the definitlon of a public ben•fft 8ntity under FRS 102. A8$91$ 8nd Ilabililies are inrtially recogni$ed at historical st or transadion value unless othèrwise staled In the relevant accounting policy. The prlncipal 8ruunling policies adopted. j(¥menls and key $oufc•s of eslknation unc8rtalniy In th8 prèparation of Ihe financlal 5ts18m8nl$ are 8et tsut below. Tho flnancial 8talement8 Br• drawn up li Stsrfing and gnwnts are roundèd to the nearest pound. Golng ¢onc•rn The fin8ndal statements hav• been prepared on a 90ing ¢)xeern ba818. The charflY$ fuluT8 exiBtgnce 1$ dfjp¥nd•nl vpon the financlol $u¢¢e8s of future productions 8nd on the continued support ol Arts Council ol England, whith has confimied its support for Ihe perw to 31 Marth 2026. Th8 iru$le88 hav& undertaken an assessment ol the going concem of the charity. This asses8m8nl considered. for a ri0 of fvlelve month$ from the dale of approval ol the financial statements. Ihe likely Irading condition8, 8longshde slakeholdef support and expected eon8um¢r appettte. Fdlowing consideralion of the Ilkgly Ir8ding ¢ondilions and number of differenl ¥cenarf03. the trustee5 have concluded Ih8t the tharity romains a going con¢gm Is Iherelore appropriate to prepare ihe finan¢io1 stalements on a going concern b8818. Incomlng r••ourc•s Inc¢rne is principally represented by inLY)me from Arts Courd EWatxl and fees from rnember theatr08 In rèspecl of tours net of valua added lax. Thè résuhs are dèrived from rA)ntinuing opefations durlng tho Current and the prewous period. No operations have been acquired during these Iwo periods. Donations and orants Income from donations and giants, Inthding ¢apilal grants. v4 reL))gni80d when these arfy racoivAble, except as follows.. When donors specafy that donations 8nd grants givon to the Chanty musl be used in fulura a¢)untIng pariods, ihe income is deferred until Ih05e periods. When donors imposg conditions wttio have to ba fulfilled before Ihe c*arily bgcomes enlitted lo use such incorne. the income Is ¢Jelerred and not recwni5pd unth'l the prfrcond¢lM)ns fof u$9 have been mel. When donor5 Specify that donalbns and grants are for partk%lar restricted purFW)$es, whith do not arnounl lo pre-conditions r8garding enlillement. this Incom• is regnIsed 1h1n restrided funds when receivable. In¢&msl r8celvable Inte$t 15 vecognised as rt aLfTU8$. 19-
DANCE CONSORTIUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 Ac¢ountlny policles {Contlnu•d) R0r£•8 •xp•nd•d Expenditure Is indude¢J in Ihe Statement of Financ1 Activities on an 8¢cnJa15 ba$ aThl is diredty 8ttributabl8 to specAfic actiwties and has been indud•d in those cost categcdes. Expenditure on faising funds are those inrred in trading a¢tivib"e$ that rats8 additional Incorne for thé charity. Charitable octmlies inthde expendrfure assoo8led wilh touring and indude both thg direct $15 and support eosls relating to Ihes6 act1wtl. Support costs indude central fundj'ons. Governance costs indude those Costs eUrred in the govemarKe of the (arrty and Its a8set$ and arg primari associated with constltullonal and Sta1¢ requirements. C•$h and ¢a$h equlvalents Cash and bank balances indud&s $h and short tenn hyhly Ilquld in$1Ments vMlh a short malurfty of three months or1856 from ihe dal& of oMuisS1ion. Fln•nclal Instrum•nts Th9 charity has elected to apply the provisims of Seclion 11 '8asic Flnandal In$lnJm8nls' and Stctlon 12 'Olher Financial Instrumonts l$$u8$' of FRS 102 to aN of rts fflnanc4al instwment8. Finanual A58ets ar8 recognlsed in the charity's bolance sh¢o1 when the charity becom8$ party lo ¢h8 contractual provislons of th8 in$lwmgnl and are das$ifigd into specifd cegoraS. Tho dassrflcautsn depgnds on the natwe and purpose ol Ihe finanrial a5seis and 1$ detwmined al th8 bme of rn(wnlllon. For•lgn •xchano• Transadions in foreign cJJrrena&s arts translated into Sierflw al ihe exchange rale ruling 91 the dale of the transaction exp1 where lOl9n exchange contract$ are in rAace. Where such contracts are in place the related tran59dlon3 arg translated al the rate sel by the contract. Monetary ass91$ an¢ liabllrtles denomlnaled In foreign curwncies are Iranslaled Into Sl•ding al Ihe dosing rate 81 the balanc6 sheet dalo and any gxchange differences are induded in the Statement of Flnandal Activities. D•btor• Trade and other debtors wch are receivabl8 Withln ono y¢ar arts iniiially r8o)9nised al the Iransactlon pn'ce and sub6equenlly measured al affl050d cosl. being the Iransaction price le88 any amounts settled any impairment losses. Trad• ¢r•dltor• and Ilab511119s Trade crèditors payable wrthin one year •re InNJalty measured at Ihe transaclion prfce and subsequenly measLxed at amoriised ¢osl, being Ihe transa¢tK)n wice $8 any amounts s•l(led. Government grants Govarnm8nt grants are recognised at tho falr vue of the asset CeiVed or recelvable when there is reasonable assurance that the grant conditions vrill be mel arKI the granls will b8 r1Ved. A grant that SP8effi¢s performance conditi¢)ns Is rwnised in irKome when the pertomartt conditions are met. Where a grant does not speufy perf¢)nnHnce 0dIt)n$ it is recDgni5ed in income when tha pro(eds ar9 received or rethvable. A grant receNed belore the recognItn cnteria are satisfied is recognised as a
DANCE CONSORTIUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Critical aeeounllng •stlmat•8 and Judgemonts Estimat and judgemonts are cryiiinualty eval&d and are based on hlslorical experienc• and othw faclors. induding expectslions of future event5 thal are b•lieve(I lo be reasonab under the fArcJjmstsn9. There are no such uilical acccyjnting e8ts"male5 and assumptKns lo reForL Donatlonl and l•ga¢l Ye•r •nd•d Y•ar •nd•d 31 Mar¢h 31 March Unr•stricted Unf••trkted fund8 funds 2022 2021 Arts C¢uncil grant- rggulary funded Dryanion grant Sponsorshlp 498,371 2,CQO 49B,371 500,371 498,371 critablI *ctlvltl•• Y•4r •nd•d Y•ar •nd•d 31 March 31 March Unmtrfcted Unr••trlct•d fundB funds 2022 2021 ProuTBmme & rner¢handS$9 Income Fees from mgmb¥r theatres lor tours 17,202 507,900 525.102 Investments Y••r ended Y•ar ended 31 March 31 March Unr•8trlcted Unr98trlctsd fund8 fund$ 2022 2021 Interest r•fv8b1e 470 365 21
DANCE CONSORTIUM LIMITED NOTES TO THE FINANCIAL STATEMEKfs {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Othtt In¢ome Y•ar •nd•d Y•ar gnd•d 31 M•rch 31 March Unr•$trlcted Unr•¥tslctsd 2022 2021 Other Inc0rn8 4,686 15,825 Charftsbh actlvldfj• Y•ar end•d Yoar•nded 31 March 31 Morch 2022 2021 Siaff costs Foè9 ol visiting componles Freelance contracts R•sèar¢h visits Mis¢elL8n¥ou8 Programmes Bank charg•s WebgHe co818 51,590 1.132,047 17.700 1,347 8,704 18,084 424 9,225 46,411 18.175 9,380 114 147 20,617 1,239,121 104,467 Share of support Gosls Share of governance costs 8,910 7,000 9,125 7,000 1.253,031 120,592 Y•ar •nd•d Y•ar ended 31 Morch 31 March 2022 2021 Total exp•nditure includ¢•: Audito¢s remuneration . audit 7.500 5.500 Truste*• None of the Trustees lor any person$ conneded with them) receNed any rernuneralion or banèfils Irn It charfty during either 8. £40 of tra¥el expenses were irUrred during the year by one trustee. {2021'. £Nill
DANCE CONSORTIUM LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Employ••¥ Mumber ol ¢mploy Thts averoge monthty number employees during the y&ar was: 2022 Numbor 2021 Number Dlr•clor Employm•nt Colts 2022 2021 Wages and salaries Social security costs Othgr penslon 81S 49.684 633 1,293 30,583 13,179 2,689 51,590 48,411 There were no employ•o8 whose annugl remunerallon wa8 £80.LWXI or more. 10 Taxtlon Thè company, whlch became a iegislered tharity on 23 June 2CQ9, Is enttlled lo the exempllon5 afforded by Part Xl, CTA 2010 and S258 TCGA 1992. and So is exempt from 18xatlon on its tharitable a¢tivities. 11 Debtorn 2022 2021 Amounts falllng du• wlthln )n• y•ar. Trade debtors Other debtor8 Prep¥ymenls ondawued InMe 184.121 3.100 9,425 18.840 202,989 12,525 12 Cr•dltors: amounts f*lllng due wlthln rtn• year 2022 2021 Trade GrgditiKs Other taxalion anij social securiiy Accruals and dal8rred illcome 155,873 1,049 50,858 8,027 8.603 207.580 16.630
DANCE CONSORTIUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 13 Cash gèn•rated from op•rnllon¥ 2022 2021 IDefiutllsurpu8 for the year 1222.402} 393,969 Adjustments for. Investment ino)me recognis8d in slalement ol finanoal adiMtie8 14701 13651 Movements in worn9 Gapttal.. {Inueasèlldecrease in debtor8 lncreaselldecrea) In credltors 1190,4441 190,950 79,419 {151,2591 Ca8h lahOrb byygenw•t•d from operntlon 1222,3881 321.764 14 Analy•l• of ¢hony•• In net debt 1 Apr51 2021 C••h flo31 March 2022 Cash al bank and in hgnd 781.29) I221,8) 559.394 781.29J (221,8) 559,394 15 R•l•tgd p•rty trn•a¢tlon• Member Th6ètre8 The followlng th•alr&$ art considered lo b• members of Danee Consorts'um timiled. Tho traracts.cs befvleen lh• company and fts mèmb8rs during the p•riod amount8 ftomltrwed to the memb•rs 01 th& balance ¥h•el ¢Jale are as follows.. Net Net N•t Amounts N•t Sal•• lo Pur¢h4• due from Amounts mvmbe from memb•r4 due to m•mb•Y¥ m•mbor• Blmilngham Hbppodrome Limiteil BrighlDn Dome and Festival Eden Court Hull Naw Thèalre London S8dler3 We115 Marlowa Theatre (fhel Milton Kayn•s Theatre Newcastle Theatr• Royal Notwlch Theatre Royal Nottingham Royal Centre Plymouth Theatre Royal Samord Thw Lowry 19.144 19,232 20.612 36.486 129.940 52,516 19,176 20.000 20,(h)O 82,805 82.398 22,570 26,761 2,55B 4,153 4,759 32.610 5,227 18,000 4,372 2,753 423 14,848 123,081 24,OCQ {3851 8.212 8.610 2,385 2.893 31,736 524.879 98.514 179.878 43.289 -24-
DANCE CONSORTIUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 15 Related party tran¢1103 IContlnu•d) The transactions b8tween the company and its members durfng the prior period and amounts due froml owe(I lo the members al the 31 March 2021 were as follows.. Not Mot Not Amounts M•t sal to Purchas•$ due from Amounts m•mb•rn from momb•rn du• to m•mb•v• m•mb•r• Blmiingham Hippc4Jrome Llmited Nol¢h Theatre Royal 9,680 9,680 365 10.045 -25-