TAVAZIVA DANCE REPORT AND FINANCIAL STATEMENT8 31st MaKh 2026 COMPANY RÉQISTIIATION NUMBER: 0070ua3 CHARITY REGISTRATION NUMBER 1136•$7 Frank S La¢hman 31 Falrvlew Way Edgware Middlesex HA8 8JE 'AEHH0YC2* 1S11212025 COMPANIES HOUSE A05
223
TAVAZIVA DANCE L¢g41 and Admlnlstralive 1nlornman 31st Mar¢h 2026 TRU8TEE81DIRECTOR8 At d•t• ofapproval o1o¢¢ourt• Marie Ellen Nixon - othe18* known as Marie Mccluskey MBE Director and Trusteo Dr Mykaell Riley Director and Trustee Amanda Saunder8 Director and Tfustee Dr Sinibaldo De Rosa Director and Trustee Josephine Kyomuhendo Oireclor and Trustee Sacha Mapletoft Oirector and Trustee Appointed 25th September 2025 ART18TIC DIRECTOR 8awren TavazNa EXECUTIVE DIRECTOR M•rcy Nabirye REGI8TERED OFFICE: Ensign House 84ttor8ea Reach Juniper Drive Londpn SW18 1TA EXAMINER Frank S Lachman 31 Fairview Way Edgwjre MiddloS•X HA8 8JE CHARITY REG18TRATION NUMBER: 1135967 COMPANY RE018TRATION NUMBER.. 05758833 Page 1
TAVAZIVA DANCE DIRECTORS. AND TRUSTEE8' REPORT The directorsltrustees present their report and the financial statements for the year ended 31 st March 2025. The Statutory information on page 1 foms part of this report. DIRECTORS. RESPONSIBILITIES Company Law which is also applicable to charitable companies in England and Wales requires the directors, who are also trustees of the company, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the results of the company for that period. In preparing those financial statements, the directorsltrustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP make judgements and accounting estimates that are reasonable and prudent. state whether applicable UK accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will contlnue in business. The directorsltrustees are responsibla for keeplng proper accounting records whlch disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. PRINCIPAL ACTIVITY AND CHARITABLE 08JECTIVE The Company's principal aclivity during the year continued to be to advance the arts for thé public benefit by the promotion in particular, but not exclusively, of the art of dance. RQAN18A-T.ION-ANtreoNSTITUT.ieN The Company was registered as a charity on 17th May 2010 and is govemed by its Memorandum and Articles of Association. The Company registered charity number is 1135967. The Company Is Ilmited by guarantee and has no share capltal. The guarantees of indivldual members are Ilmlted to £1. Company Registration number 57S6833 The directors of the Company fonn its Committee of Management and Governing Body and are empowered to act as necessary in order for the Company to fulfil its oblectives. Directors may be appointed by the members of the Company or fellow directors at any time. The directorsltrustees set out below have held office during the wholo year of this report unless othepNise stated on page 1. At date of appmval of accounts Marie Ellen Nixon - otheDNise known as Marie Mccluskey MBE Dr Mykaell Riley Amanda Saunders Dr Sinibaldo De Rosa Josephine Kyomuhendo The Company continues to be committed to producing high quality and engaging work, inspired by Artists'c Director Bawren Tavaziva's lived experience as a Black British with colonial history, fusing contemporary, ballet and African Dance styles, telling stories that highlight issues in the world today through movement, rnusic and spoken VKird. Page 2
TAVAZIVA DANCE DIRECTORS, AND TRUSTEES, REPORT (¢ontlnued) Artlstlc A¢tfvlty- Tourlng and Publ1¢ Engagement The Company continued its work guided by Zimbabwean bom Bavrten Tavaziva's artistic vision with the goal of creating original choreography and music that inspires and enriches audiences through performance, training and participation. It continues to fuS on contrtbuting to cultural exchange, opportunity and access for all, as well as innovation within the dance world. The celebration of the Company's 20th Anniversary continued with the theme of'moving Forward,. The soft launch, which was vla digital platforms, sharing previous pieces in the Company repertoire. attracted national and international interest and engagement significantly. The ongoing aim is to raise awareness of all the work of the Company, to raise funds, and to form a cohesive group of friends and supporters. Extra advice from key experts in the field was commissioned to support the Company sustainably to deliver the rework of GREED production, a Research and Development phase of a new Solo piece that saw Bawren Tavaziva retum to the stage, as well as exploring an initiative that would position Tavaziva as an active leader for Black History In Dance Educatlon in the UK and beyond. 1. Strateglc L•ad•tshlp and Gov•rnanco Tavaziva Oance continues to strengthen Its 8trategic foundation through consistent govemance and forward Plannlng. The organisation remains compliant with Arts Council England (ACE) requirements, maintaining uptfrdate reporting and preparing for the year-end submissions due in June 2025. In December 2024, the planned board away day was postponed. however the Board Development Committee has actively met lo reassess key prloritie8. focusing especially on fundraislng strategy and flnanclal 8UStalnabllity. An open call for new Trustees in February 2025 resulted in several interesting expressions of interest and one new Trustee was appointed. Governance processes remain robust wth updated Trustee handbooks, annual filings Wlth Companies House and Charity Commlssion completed on schedule, and insurance policies renewed. 2. Partn•r¥hlps and N•twork Bulldlng Slrategic partnerships remain a priorfty to 8UPPOrt ¢reat4ve growth and communlty engagement. Key collaborations include: Lo¢41 and Natlonal Partnershlps: Bbodance.. Continued joint Company cla88e8, youth dance group8, and masterclasses. Pointe Black.. Ongoing discussions to create career progression routes for young dancers. Artistry Youth.. Potential partnership with Tavaziva's choreographer, Bawren Tavaziva contributing to an en&ol-year performance. Gateway Studlo (Gateshead).. Collaboratlon to create a project company wlth njral touring ambltlons, includlng a recent artist residency. The Nation81 Gallery.. Culmination of a partnership with upcoming performances in collaboration. Wandsworth Council/Kinetika/Attakkalari.' Over the year the further strategic grovrth of the relationships with Wandsworth Council Arts team led to Tavaziva being selected as the borough's lead dance organisation for the Urban Flow project. a major element in the Council's celebrations as London's Borough of Culture. Negotiats'ons and planning started in the summer of 2024, and the delivery programme is dated to start in June 2025 with a finale event to take place in September 2025. Internatlonal Collab9ratlons: Jeroboam 8ozeman (fomier Alvin Ailey dancer): Continuing an exchange started in 2018, including masterclasses and joint performances. Ecole De Sables (Senegal): Plans to Use Tavaziva's repertoire as a resource for students. Afriker8: International exchange following Bawren Tavaziva's trip and workshops in Zirnbabwe. Danse Nyata Nyata (Montreal) '. Explonng exchange possibilities. Industry Engag•m•nt: Tavaziva's Artistic Director, Bawren Tavaziva was invited to join a collaborative touring committee with Hofesh Schecter. further embedding the Company within the wider dance sector. Relationships with key industry leaders such as Jeanefer Jean-charfes {Mass Movement and Outdoor Arts Producer), Rob Jones (Sadlers Wells East Director), and Ghislaine Granger (Executs've Producer. Consultant and Mentor> continue to strengthen. Page 3
TAVAZIVA. DANCE DIRECTORS, AND TRUSTEES. REPORT (contlnued) 3. Communl¢atlons, Marketlng. and Dlgltsl Prns•n¢a A reVW of Tavaziva's communication strategy is scheduled for the new financial year (starting April 2025) to ensure alignment with the Company's expanding activities. Monthly social media statislics have been tracked to monitor reach and engagement. The website has undergone significant updates, including migration to a new platform QNPEngine), refreshed landing pages, and the addition of a °Support Us. donakn'on page. New activrties and news items have been regularly posted, maintaining 8 vibrant online presence. An unfortunate IT issue occurred in June 2024 with a disk failure on the office PC, reSU1ftg In data1058. This was replaced by new disk and most data restored. 4. Progrnmm• Actlvlty: P•rforniances, Projects, and Communlty Engag•m•nt Tavaziva's artistlc programming remains dynamic and multi-faceted, combining new creations, community work, and educational initiatives. As a company within Arts Council England's (ACE) National Portfolio of Organisalions that helps rt to deliver their'Let's Create Investment Programme to communities, the Company ensured that it made great progress towards embedding the Investment Principles of the progrdmme and this was evident in the activits'es delivered across the year. The ACE annual review assessment Was very posits.ve on activty plans. govemance and the Company's direction of travel. Bawren's creatlve leadership being elevated and the team fundion solidifying helped to strengthen the infrastructure. Trustees were aware that working wrth a tight budget for the year would require immediate pnorities for the Company to move forward. It would Involve reviewing strategies for wider engagement activity and generating diverse income streams. A fvndraislng consultant vrfas immediately contracted to support the team. A¢tlvltles In¢lud• Youth and Company Clas608: The youth dance group sessions, segmented by age (10-13 and 14-18). are ongoing, with monthly sessions in collaboration with bbodance planned through 2025. Twice-monlhly Company classes continue, delivered in partnership vth bbodance, attracting consistent attendance. Bbodance provide free studio space and Tavaziva provide the artistic vision. A scheduled five-day long Tavlntensive was postponed due to lower take up than anticipated. The team is exploring possible ways to mits'gate low take up e.g. optlons to collaborate, run the Intenslves at dlfferent venues wtthln the local ommuoi Seh¢ol workshop8 and student work pl•¢•m•nts: The William Ellis School worf(shops in Highgate led to reactivating a productive relationship that existed before COVID. 28 boys aged 12-13 years {75% BME. 70% tree school meals) participated in the workshops with hopes to lead to further perforniance collaboration. The Company hosted a student VKsrk Placement from BRIT School for a week In June. Natlonal Gall•ry P•rfonnaneo8 (REQUIEM): A significant commission with The National Gallery was confirmed after nearly iwo years of discussion. It successfully took place in February and early March to coincide with the opening of their new education building. The Roden Centre for Creative Learning. Tavaziva performed three perfomiances of REQUIEM to different audiences at different times across one weekend to mark the reopening of The National Gallery's new education centre. The perfomances respond to 8rfvrforks from the Gallery's collection, marking a significant milestone in Tavaziva's insts'tuts'onal partnerships. Tavaziva was given the Intellectual Property of the work, however wrth a request to credit The National Gallery for commissioning il wherever it is restaged. Research and Documentallon: Addib'onally. Tavaziva collaborated with Safiya Kinshasa, an accomplished Choreo Poet, on a Researcher Employability Project for her PhD. Safiya documented the REQUIEM piece with her own version of labanotatson, preserling it as a living archive alongside performances. GREED Tour: Despite the intense downward pressure on fees and a likely reduction in the proportion of venues offering guarantees, the reworklproduction phase of GREED took place successfully in preparation for a regional tour planned for the new financial year from April 2025, across eleven performances in cities including London, Harrogate, Sheffield. Bristol, Bradford and Coventry. In addition. we are delighted to be retuming with GREED to long standing partner venues Jersey Arts Centre & the Stephen Joseph Theatre, Scarborough. Rehearsa15 for the new production began early 2025 for 6 weeks. with a launch of the Tour on 28 March 2025 at Theatre Peckham, London. Over 350 audition applications were received, wilh five dancers contracted. Page 4
TAVAZIVA DANCE DIRECTORS. AND TRUSTEES. REPORT (continued) Solo Project (NATURAL BORN SUITI: 'Natural Born Suiv Bawren's new solo commenced with a week-long Research and Development (R&D) perlod wlth mentor Martin Hylton at Gateshead in April. followed by Jonzi D in London for three days in July. The R&D showcased as a work-in-progr8ss in late 2024 and early 2025, includlng masterclasses and Q&A sessions at Milton Keynes and Gateshead. It toured in NoDNay at the IN21T festival to a family friendly theatre audience. A planned solo sharing event initially scheduled for June 2024 at Battersea Arts Céntre (BAC) was postponed to allow for further rehearsal and preparation for a full performance tour to take place in the coming year. 6. Chall•nq•s and Forward Plannlng Wort(load and Capacity.. The organisation Is experienclng a heavy workload, especlally impactlng the planning of summer and autumn 2025 activities and educational work. This is being actively monilored by senior management. Flnanolal 8•ourfty and Rlsk: A Pleo hacking incident during the year has highlighted the need for enhanced cybersecurity measures and Insurance coverage. Artlstlc D•v•lopm•Dt: The delayed productlon of key solo work and the ongolng cultivation of partnershlps point to a careful balancing act between ambition and resource capacity. Tavaziva Dance is positionlng itself for sustslned artlstlc growth and community impact through strong governance, strategic partnerships. and diverse programming. Despite some challenges, the Company continues to innovate and build slgnificant cultural collaborations both locally and internationally. The ongoing GREED tour and National Gallery partnership underscore Tavaziva's commitment to presenting compelling, socially engaged dance work. while investment In youth and education promises a vibrant future. 8. Finanolal Ov•rvl•w and Rlsk Manaq•ment The Company recorded incoming resourc8s of £245,893 for the y88r, with totsl expenditure amounting to £237,000. A detailed breakdown of Income sources and expenditure categories is provlded in the accompanying financial statements. Our flnanclal posltlon this year was bolstered by two Independent commissions, each generating a modest surplus that contributed to coverlng core operational costs. The remount of GREED recelved partial undents'ng through a generous £10,000 grant from the Abderrahim Crickmay Settlement Fund. Additionally, a £15,000 grant trom Cockayne- The London Community Foundation enabled Bawren to inits'ate research for a new solo work. Any unused funds from thls grant will be carried fopward to support the production phase. We also received a grant of £2,000 from the Wandsworth Black History 365 initiative: A significant incident oGcurred in January 2025 when the finance team's PLEO account was hacked. resulting in the loss of £4,523 to a cryptocurrency platform. Investigations are undepway through PLEO, Mastercard. Action Fraud. and rinancial authorities. Although no resolution has yet been reached, it is hoped that the funds might be recovered through our Finance Consultant's professional indemnity cover, if these investigats'ons are unsuccessful. In light of this event. Tavaziva is in the process of upgrading its own insurance to include cyber protection. R•serv•s We concluded the year with our Company reserve of £25,000 fully maintained and a working capital of £42,75laCing us in a strong financial position as we enter the next financial year. ThEre is no change to the existing reseprfes policy, to maintain a consistent level of ringfenced reserves. equivalent to the value of three months of shutdown costs. The Company is committed to increasing the current level of resenies from £25k incrementally to £45k. The movement in reserves is shown in note 9 to the accounts. Page 5
TAVAZIVA DANCE DIRECTORS, AND TRUSTEES. REPORT (¢ontinued) Risks Monitorlng the movement and growth around activity and financial viability remained a necessty throughout the year. Tavaziva continues to adapt to an evolving cultural landscape. Having secured two independent commissions this financial year, we aim to expand this area of work to complement our touring programme, which typically operates at a loss-making level. Looking ahead, plan to engage an external fundraising consultant to help shape a robust busine&s plan and develop a long-term fundraising strategy that will underpin our artistic ambitions and programme growth. Flnancial stability remains a key concern, and the Company continues to manage its budgets with discipline and precision. We are actively diversifying our income streams by pursuing opportunities with extemal partners, exploring funding from Trusts and Foundations, and seeking multi-year grants to strengthen our financial resilience. The Board maintsins close oversight of risk management and strategic impact, while the senior leadership team meets regularly to review financial performance, projections, and cash flow lo ensure informed decision-making and long-tenn sustainability. Examln•r A resolution proposing the re-appointment of Frank S Lachman as Independent Exarniner will be subrnitted at the Annual General Meeting. Assots The movement in fixed assets is shown in Note 6 to the accounts. R•latod Part1•5 Except as otherwise disclosed In note 11 to the financial statements, there were no transactions with related parties during the year. Publ1¢ b•n•fit The Trustees confirm that in compiling this report they have had due regard to the guidance on public benefit issued by the Charity Commission in complian¢e the duty set out in section 4 of the Charilies Act 2006. ma1•MpAnY-oXtmption This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. Thls report was approved by the board on and signed on its behalf by Marie Ellen Nixon Marie Ellen Nixon Director Page 6
TAVAZIVA DANCE Ind•p•ndent Examlner's Rèport on the Ae¢ounts I report to the charty trustees on my examination of the accounts of the company for the year ended 31st March 2025 which are set out on pages 8 to 14 . Responsibilities and basis of report As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Acr). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (the '2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5>{b) of the 2011 Act. Independent examinerfs report Slnc8 the company'8 gross income exceeded £250,000 your examiner must be a member of a body listed In section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a memb8r of the Institute of Chartered Accountsnts in England & Wales, which is one of the listed bodies. I have completed rny examinatlon. I confirm that no matters hav8 come to my attentlon In connectlon with the examination giving me cause to believe: {1) a¢untInG records Vre not kept in respect of the company as required by section 386 of the 2006 Act; or (2) the accounts do not accord wlth those accounting records., or (3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts glve a 'true and faif view which is not a matter considered as part of an independent examination; or (4) the accounts have not been prepared in accordance with the methods and principles of the Staternent of Recommended practice for accounting and reporting by charities applicable to charitles preparing thair accounts In accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention 8hould be drawn in this report in order to enable a proper understanding of the accounts to be reached. Frank S Lachman Chartered Accountsnt Independant Examiner 31 Fairview Way Edgware Middlesex HA8 8JE Page 7
TAVAZIVA DANCE Statement of Flnanelgl Activltl•s (in¢Jorp•ratlng an Incom• and Exp•ndltur• Ae¢•unt) For the Year Ended 31st Nlar¢h 2025 Restrl¢ted Unrestri¢ted Funds Funds Total Funds 2026 Restrleted Unrestri¢ted Funds Funds Total Funds 2024 Notes Income Donations and legacies Investment income 25,000 198.860 223,860 746 746 196.023 196,023 649 649 Charilable actlvitles 29.172 29,172 31,120 31,120 Totsl Incomlng r•sourc•s 25.000 228,778 263,778 227.792 227,792 Exp•ndltur• on: Charltabl• A¢tlvlty Costs 16,338 220,910 237,248 251,647 261,647 Total r•sourc•s •xpend•d 16,338 220,910 237,248 251 ,647 251,647 •ndltur• 8,662 7.868 16.630 (23,855) 123,865) Funds brought fOard 58,883 58,863 82.718 82,718 Transfers Funds ¢arrf•d forward 8,863 Page 8
TAVAZIVA DANCE Balance Sheet at 31st March 2025 Notes 2026 TOTAL 2024 TOTAL R•striGt•d Unr•stri¢t•d FIXED A88ETS Tangible assets 1,595 1,595 1,851 CURRENT A88ET8 Debtors Cash at bank and in hand 47,222 50,394 97,616 47,222 59,056 106,278 29,905 60,601 90,506 8,882 8,662 CREDITOR8-AMOUNTS FALLING DUE WITHIN ONE YEAR (32,480) (32.4801 (33.494) NET CURRENT A88ETS TOTAL ASSETS LESS CURRENT LIABILITIE8 8,662 65,136 73,798 57,012 66,731 75,393 58,863 FUND8 Restricted Funds 8,662 8,662 Unrestricted Funds 66.731 66, 31 66.731 75,393 58.863 58,863 For the year ended 31 March 2025 the company was ents'led to exemptlon under section 477(2) of the Companies Act 2006. No members have required the company to obtain an audit of Its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The dlrectors acknowledge thelr responsiblllty for. i. ensuring the company keeps accounting records which comply with section 386 of the Companies Act 2006; and ii. preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its deficit for the financial year in accordance with section 393. and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts. so far as applicable to the company. The accounts have been prepared In accordance with the speclal provisions applicable to companies subject to the small companies, regime under the Companies Act 2006. Approved by the directors on and signed on their behalf by Marie Ellen Nixon IX(Th Marie Ellen Nixon Page 9
. TAVAZIVA DANCE N•tes to the Financial Ststements For the Year Ended 31st March 2026 l A¢counting Pollc•s (a) The financial statements have been prepared in accordance with Accounts'ng and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2022) - (Charities SORP {FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Tavaziva Dance meets the definition of a public benefit ents'ty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s}. (b) Tanglble Flx¢d Assets Depreciats'on is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows.. Fixtures, fittings and equipment 25% straight line (¢) Ineom• Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and thè amount can be measured reliably. Income from grants. whether capitsl or revenue grants, is recognised when the charity has entitlement to the funds. any performance conditions attached to the grants has been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. dl"Expvndltur All expenditure is accounted for on an accruals basis. Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty. It is probable that settlement will be required and the amount of the obligation can be measured reliably. Costs are allocated to a category either because such costs are dlrectly incurred in relation to such CAtegory, or because they are support costs in respect of which an apportionment has been made beiween the categories. Support costs consist of infrastructure costs for salarles, prèmlses, office admlnistratlon. Such costs are apportioned on a reasonable and nSIstent basis to the various categories with a view to determining. as accurately as possible, the total resources expended for each category. The basis of apportionment used is either a function of staff time applied to a given activity. or an estirnate of the proportion of costs associated with the same, or a combination of both. Direct and Support costs ara separately shown by natural classification in Note 5 to thesè accounts for 88ch category of cost. (•) Taxatlon The company as a registered charity ( number 1116776) is exempt from taxation on most investrnent income insofar as it is applied for charitab18 purposes. The company is also exempt from taxation on capital gains. (fj D•btois Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayrnents are valued at the amount prepaid net of any trade discounts due. Page 10
TAVAZIVA OANCE Notes to the Flnancial Statements For th• Year Énd?d 31st March 2026 ACCOUNTING POLICIES (continued) (g) Cr•dltors and pr•vlslons Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably resu5t in the transfer of funds to a third party and the amount due to settle the obligatlon can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. {h) Golng concern The company's forecasts and projections, taking account of confirmed ACE funding for 2025-26. reasonably achievable fund-raising prospects for the coming year and allowance for potential sensltivities In trading perfomiance, show that the company should be able to continue to operate without recourse to borrowings. The risk of a material unforeseen revenue shortfall giving rise to a solvency problem is mitigated by the regularity of financtal reporting against detailed income and expenditure budgets for the year ahead which will allow the directors adequate scope to take corrective actlon, in consultation with the rA)mpany's winclpal funder, should circumstances require. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial ststements. 2 Grants and Donations Restrlot•d Unr•strl¢tod Funds Funds Rtr1¢t•d Unr•stri¢t•d Funds Funds 2025 2024 Grants f•r Sp•eWl¢ Purpos•s ACE- Core Funding Donations London Borough of Wandsworth Cockayne Foundation Abderrahim Crickmay Trust 191.973 250 6.637 191,973 260 6,637 191,973 191,973 2,000 2,000 15,000 10.000 15,000 10,000 Deferred grants carried fornvard Deferred grants brought fop•vard (25,000) 125,000) 2,060 25,000 26,000 2,050 198.860 223 860 196.023 196 023 Income from Charitable activities is from performances. workshops, company class and Theatre Tax Relief. All income is unrestricted 3 N•t IneomellExp•ndltur•) Incomel(expenditure) is after charging: 2025 2024 Depreciatlon of tangible assets Examinerfs fee 531 1.750 617 1.750 Page11
TAVAZIVA.DANCE Notes to the Flnancial Statements For the Year Ended 31st Marah 2025 support Costs Unrestrlcted Support Costs Rastiicted Charitable Charltable Governan¢• Costs Costs Costs Rostrlctsd Unr•striGted 4 Charltable Actlvlty Costs Total 2026 Dlr•ct oosts Artistic direction & creative development Production & performance Touring Marketing 2,959 13,379 11,833 31,750 2,435 7,759 14,792 46,129 2,436 7,769 Fundraislng exp•ns•s 6,725 6,726 Support gosts Company management, programme delivery & admin staff costs Office & general running costs Depreciation 137,323 20,554 137,323 22,664 636 2,000 536 Total 2026 16,338 2,636 237 263 2024 Comparntlv•s 8upport Support Charftabl• Charltabl• Oov•rnanG• IiarltablrAEtMtye Totsl 2024 Unf•striet•d R•strl¢t•d Rostrl¢t•d Unrestrl¢t•d Dlrect costs Artistic dlrecdon & creative development Production & performance Touring Marketing 22,764 29,878 37,019 2,918 22,764 29,878 37,019 2,918 Fundrnlslng •xp•ns•s 2,894 2,894 Support eosts Company management. programme delivery & admin staff costs Office & general running costs Depreciation 133,691 20.116 133.691 21,866 617 1,750 617 Total 2024 Page12
TAVAZIVA DANCE Notes to the Financial Ststements For the Year End¢d 31st Mareh 2026 6 Employees and Dancers 2026 2024 Wages and fees Pension contributions Social security costs 127,297 2,604 3,627 123,645 2,468 3,169 133,628 129,282 16,537 27.101 Dancers fees 160,065 156,383 The averdge number of employees, analysed by function, was." No. No. Productlon Administration Dancar8 No employee earned more than £60,000 during the year. (2023 none) 6 Tangible Flxed Assets Offic• •quipm•nt Total At 1st April 2024 Additions I disposals 12,996 275 12,996 275 At 31st March 2025 13,271 D•pr•cl*tlon At 1st April 2024 Charge for the year 11,145 531 11.145 531 At 31 st March 2025 11,676 11,676 N•t Book V#lu•s At 31st March 2025 1,696 1,595 At 31st March 2024 1,851 1.851 7 D•btors . 2026 2024 Trade debtors Other debtors Prepayments and accrued income 2,378 3,045 41,799 3,954 25.946 47,222 Page 13
TAVAZIVA OANCE Notes to the Finan¢ial Statements For th• Y•ar Ended 31st March 2025 8 Creditors - Amounts falling due within one year 2026 2024 Trdde creditors other Taxation and Social Security Deferred grants Accnjals and deferred income 14,714 3,576 636 2,663 25,000 5.195 14,190 32,48 33,494 g Reeoncillatlon of Movement 01 Funds Balance at 31st Mar¢h 2025 Balance at 1st April 2024 Ineom• Expenditure Transfers Restrlot•d Funds 25,000 (16,338) 8,662 Unr•strl¢t•d Funds G•n•ral 58,863 228,778 (220,910) 237,248 68,731 58,863 253,778 76,393 The abov• funds eomprls•: Restrl¢t•d Funds: Restricted fund balances represent unexpended grants from funders towards special Gen•ral Fund: Represents resources which can be used by the Trustees at their discretion for any purpose and which have not been designated to particular Priorities. 10 Anatysis ol Assèts b•twe•n Funds Tangibl• Flx•d Assets N•t Curr•nt Assets Total 2026 Total 2024 Rèstrlcted Funds 8,662 8,662 Unrestricted Funds: General Designated 1,595 40.136 25.000 41,731 25,000 33.863 25,000 1,595 73,798 76.393 68,863 11 Trust••s No trustee or ex-trustee received remuneration for seNices provided to. or 1MbUrsernent of expenses incurred on behalf of, the company while a trusteeldirector during the year accept as noted below. 2026 2024 Mercy NabSrye Freelance Production Executive Director £37,497 £38,995 In November 2021 Mercy Nabirye replaced Beth Cinamon as Production Executive Director. The fee paid W8s agreed at market value by the Trustees and was below that previously paid to the outgoing incumbent, Page 14