OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Springs Dance Company

2023-08-31-accounts

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

Registered number: 06371136 Registered Charity Number: 1136487

SPRINGS DANCE COMPANY (A COMPANY LIMITED BY GUARANTEE)

DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY

TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

Contents

Contents
Page
Company Information 1
Report of the Trustees 2 – 10
Independent Examiner’s Report 11
Statement of Financial Activities 12
Balance Sheet 13 - 14
Notes to the Financial Statements 15 - 24

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY

COMPANY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2023

Company Number 06371136
Charity Number 1136487
Registered Office 4 Cedars Close
Address Occold
Eye
Suffolk
IP23 7PB
Independent Paul Newton
Examiner JCS Accountants
5 Robin Hood Lane
Sutton
Surrey
SM1 2SW
Trustees Toby Beazley Chair
Deborah Cruz-Dunn
Kerry Salisbury
Emma Göttke (Resigned 13 May 2024)
Ulrike Pflanz
Angus Reger
Paul Clark (Appointed 2 October 2023)
Secretary Mrs Eliza Reger
Bankers The Co-operative Bank
PO Box 250
Skelmersdale
WN8 6WT
Patrons Jeremy Begbie BD, Ph.D, FRSCM
David Bintley CBE
Steve Chalke MBE
John Drane MA, PhD
Roger Forster
Faith Forster
Candida Hadler AISTD
Pam Howard MBE
Rt Revd Dr Michael Nazir-Ali
Robert Penman FRSA
Peter Spencer
Judith Stevenson MA
Geoffrey Stevenson PhD

Page 1

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023

Directors' Report

The Trustees who are also directors of Springs Dance Company for the purposes of the Companies Act 2006, present their report and the financial statements for the year ended 31 August 2023.

Reference & Administrative Details

Trustees

The trustees, who are also directors of the Charitable Company, who served during the year were:

Toby Beazley (Chair) Deborah Cruz-Dunn Kerry Salisbury Emma Göttke (Resigned 13 May 2024) Ulrike Pflanz Angus Reger (Appointed 17 October 2022) On 2 October 2023, Paul Clark was appointed as a trustee / director of the Company. Staff and Volunteers Ruth Hughes Artistic Director Eliza Reger Company and Education Manager Rebekah Gill Finance Manager Hannah Delaney Company Administrator Helen Heywood Tour Booker Anna Matthews Technical Consultant Jonathan Richardson Data Protection Officer

A number of other professionals were also engaged to dance, choreograph, teach, rehearse and publicise on behalf of the Company.

Structure, Governance & Management

Governing Document

The charity is controlled by its governing documents, memorandum and articles of association dated 13 May 2010 and the charity is constituted as a Company limited by guarantee, as defined by the Companies Act 2006.

Recruitment and Appointment of New Trustees

The Company is a registered charity with the Charities Commission of England and Wales. The Company is overseen by a Board of Trustees which currently consists of six members. Trustees must be over the age of 18 and can only be appointed with the approval of the other Trustees. The Trustees may jointly appoint any person who is willing to act to be a Trustee whether to fill a vacancy or as an additional Trustee. There is currently no maximum number of Trustees specified by the memorandum and articles of association.

Risk Management

The Trustees have examined the major risks to which the Company is exposed and confirm that systems have been established to enable regular reports to be produced so that necessary steps can be taken to lessen these risks.

The Trustees consider that the Company is well placed to continue as a going concern.

Page 2

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY

REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Objectives and Aims

The charitable objectives of the Company are:

These charitable objectives continue to be in line with the aims of the Company:

Achievement and Performance

Charitable Activities

We create dance with heart and soul for theatre, church and community settings.

We are a vibrant contemporary dance organisation that makes, tours and teaches high-quality dance theatre that is relevant and life enhancing for everyone.

Founded over 40 years ago, we are one of the longest established dance companies in the UK.

Schools

We are the UK’s leading specialists in cross-curricular Dance and R.E. (Christianity) in schools. Our workshops and interactive performances are providing much needed resources for:

Over the past year, our outstanding teaching team has continued to deliver our education programme to schools across the country. Following on from the Covid-19 pandemic, demand for our workshops has increased throughout the year as schools get used to inviting visitors back in. We have in particular seen a high number of requests from schools to deliver dance projects that fulfil the RE areas of the national curriculum and provide creative ways for children to learn through movement.

A focus for our programme this year has been on ensuring our workshop programme enhances the learning of children in RE all year round, alongside our usual busy times of Christmas and Easter. In particular, our Good Samaritan workshops proved to be popular and saw a high uptake throughout the year, with lots of positive feedback from schools regarding children’s engagement and depth of learning.

“It was wonderful to see the children so engaged in the story and dance moves […] It was certainly accessible for all children regardless of age or ability. There was definitely a positive impact on all children who took part and it was interesting to see them choosing partners they may not normally work with.” – Teacher, Wincle CofE Primary School, Macclesfield

Page 3

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY

REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

“Lots of our children are EAL with some new arrivals, so the modelling worked really well. Built an excellent relationship with the children - very child friendly. The children were able to link the dance to their RE topic and were able to show empathy through their body movements. Children chose to work with somebody outside of their friendship group. Excellent team building.” – Teacher and RE Subject Leader, Nelson St Phillips Primary, Blackburn

Alongside honing and refining our workshop themes, we have also created a new promotional video for schools to showcase what we offer. We feel that both factors contributed to us working with more schools in the Summer term than we have done previously, with our team delivering 15 days of workshops in Summer 2023 (2022: 0 days).

The Easter Project was once again a success, providing opportunities for children to engage with the Easter story through immersing themselves into the events surrounding Jesus’ death and resurrection. Whilst we visit many new schools each year, a highlight for us is returning to schools who have had us in the past – we find that children are particularly excited for the workshops, having either taken part themselves before or having watched older children perform in a school sharing or performance. St Andrew’s Streatham is one of these schools, where each year 120 year 3 and 4 children take part in 6 days of workshops to prepare for performances to the rest of the school and their parents. One of the members of Senior Leadership fed back to us:

“Once again, we are so grateful and pleased with the wonderful work that your dancers did with our children. They were so organised, professional, flexible and encouraging. EVERY child that took part will have a memorable experience for life! It brought the school together as a community, to reflect on this very special time in our church. Parents were tearful watching their children, as it meant so much to see their children performing in a very unique way […] The children were confident, happy and really 'gave into' the experience. It was such an inclusive show - we had SEND children performing alongside their peers in the most heartwarming way - it was so beautiful to watch them being supported and encouraged by their peers throughout.”

Overall, a recurring comment on feedback forms from schools across all of our workshops, has been how inclusive the workshops have been, providing opportunities for children to thrive who usually struggle to engage.

Overall, a recurring comment on feedback forms from schools across all of our workshops, has been how inclusive the workshops have been, providing opportunities for children to thrive who usually struggle to engage.

Churches

We help people engage with the Christian faith through watching and taking part in dance performances and workshops.

In churches, we:

Journey of the Magi toured to churches and schools and was performed 14 times in December 2022 to more than 1400 people. We updated two scenes, The Shopkeepers Dream and Fairies with new choreography and costumes.

Journey of the Magi continues to help churches bring people together at Christmas. One of the churches in a more deprived community secured council funding which enabled them to provide the performance free of charge.

“... many people commented on how excellent the production was. It was fantastic - thank you... As a Church we view working with Springs as a very positive thing. We want to be working directly in our community more.” Jo Reeves, Church Administrator, South East Baptist Association

“It was a wonderful performance... The audience was engaged in what was an amazing evening... This is our second time, and I am certain we will have you back. The church and all that have attended like it.” Pastor Anthony Egbunike, Wood Lane Baptist Church, Dagenham

Page 4

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Following a successful pilot of A Time to Mourn, A Time to Dance in Summer 2022, the tour continued into the Autumn with performances at Malmesbury Abbey, Westbourne Park Baptist Church, and Trinity URC, Blackburn with excerpts also performed live on the BBC on Sunday Morning Live on the 4[th] September 2022 and at the Leeds Diocesan Clergy Conference.

A Time to Mourn, a Time to Dance is an intimate, uplifting dance show choreographed by Lizzi Kew Ross and Heather Richmond that explores the tension between loss and joy. Created after the pandemic, the performance offers audiences an opportunity to reflect on grief, human connection and joy, and is ultimately a celebration of life.

“I must say, I have never been a part of a show that is so desperately needed. Some people watch the show and enjoy by the artistry and athleticism, and afterwards say, “Great job, thank you!” They are blessed, and we are happy for them. But other people... other people come straight up to us... bursting! Struggling to put into words the deepest and profoundest experiences—how they saw their own lives, or their loved one’s; how mountains of grief were suddenly understood; how heaviness has been dispelled, and lightness is flowing out of them!" Daniel Cossette, performer.

In July, we held our Summer Intensive, held at Holy Trinity Church, Wallington. It was once again a joyful, encouraging and inspiring week with participants of all levels coming together to dance and connect from across England as well as from Scotland, Belgium and the USA. Our summer courses are a unique way to build skills and learn from each other, whilst being supported by a talented and experienced team of professions from within Springs, and from other organisations with similar goals. Once again, we partnered with West End Has Faith, Natashas Project, Psalms & Stretches and Dance at St Peters as well as a big team from Springs to give a broad range of classes and expert panels discussing a range of topics.

Instead of a live performance of a touring production performed at the end of the week, the company performed alongside participants in a sharing of new site-specific work created through the week.

“I enjoyed learning new ways to engage with dance and learning how dance and worship can be connected. [Also] Connecting with other Christian dancers and hearing about their experiences... It was an amazing week and I'm very glad I came.” Hannah, participant

“ ... the teachers and other students were a great source of knowledge and encouragement.” Sarah, participant

Theatres, Arts Centres, Community Spaces and Libraries

In theatres and the wider arts world, we:

In August 2023, we were delighted to hear that Arts Council England have made us a grant towards the development of a new dance production for children aged 3-6 in libraries and connected schools in Great Yarmouth and Lowestoft, working collaboratively with class & nursery groups from schools identified in areas with high deprivation and low cultural engagement.

Children will be co-creators in devising the performance, taking part in dance, physical and imaginative play and making marks. We are connecting schools to libraries to increase children’s confidence around books and with library spaces, and we are offering the project free of charge to ensure it is accessible to those least likely to engage in cultural and creative activities. This brand-new project will launch in the Autumn of 2023.

In response to the need to nourish, value and support professional dancers in the wider dance community, we have started a new initiative in partnership with Taboo dance (YWAM) with our first event, an advanced day workshop having taken place in April 2023. Feedback from the day was positive and we plan to make this a regular event in the future to build community amongst dancers.

Page 5

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Statistics

Overall, this financial year, our professional company delivered 22 live performances, reaching an audience of 2,244 people. A further 400,000 people were estimated to have seen our performance on BBC Sunday Morning Live.

Our education programme reached 4,359 participants through 47 workshop days in primary and secondary schools.

24 people took part in our adult workshops (advanced day workshop and Summer Intensive), with participants joining us from the United States, Belgium and the United Kingdom.

Profile Raising and Awareness

Company staff have continued to build the following on social media, in particular through Facebook and Instagram. During the year, Facebook reached a total of 25,835 people and on 31 August 2023 our followers numbered 2,595. Instagram saw an 9% increase in followers, to 1,463. YouTube continues to be a valuable tool in increasing public awareness of the Company with 2,018 views this year, and we have continued to use Facebook and Instagram advertising to help reach a wider audience. Our new Workshops video has had a total of 1,917 views across Facebook, Instagram and YouTube, as well as being available to watch on our website. We think this has been instrumental in the increase of workshop bookings we have seen as the year progressed.

We have continued to develop and strengthen our relationships with various church networks across the UK, including the Church of England Diocesan areas, as well as the Methodist, Baptist, United Reformed Churches and Churches Together Networks. In order to grow our education programme, we have continued to work on building relationships with the Diocesan Education Teams as well as the Arts Council Bridge Organisations.

With our office move out of London to Suffolk, we have focussed some time on raising our profile and building networks within the dance and arts community in East Anglia. Some of the organisations we have met with and hope to work with in the future are: Creative Arts East, Dance East, Arts Council East, Norfolk Libraries, Suffolk Libraries, Magic Acorns and Norfolk Community Foundation.

We have continued to develop our website and database, which have allowed us to reach a much greater audience by increasing our Google search ratings, as well as enabling us to disseminate information and digital mail-outs more efficiently.

Other

In addition, in accordance with our plans we have:

In preparing this report the Trustees have given due consideration to the Charity Commission’s published guidance on the Public Benefit requirement under the Charities Act 2011.

Page 6

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Financial Review

Reserves policy

The Trustees continue to maintain a policy of sustaining free reserves that are no less than three months and no more than five months of operating costs, together with an allocation to cover redundancy payments should the organisation cease to operate.

Using this calculation, at 31 August 2023, an appropriate level of free reserves is a minimum of £17,400 and a maximum of £25,650 within which the Company seeks to operate. The level of unrestricted funds at 31 August 2023 was £42,468 and the level of free reserves (excluding tangible fixed assets and designated fund) was £18,610, which is within the expected level. Due to the higher deficit in the year, the trustees agreed to transfer £3,500 back from the designated fund (legacy donation) to the general fund in order to maintain the minimum level of free reserves. The Trustees monitor income and expenditure throughout the period and review the reserves policy annually to ensure that the Company is as effective as possible whilst also mitigating the risk of insolvency or serious disruption to its charitable work.

Financial Performance

In line with expectations, the Company has had a challenging financial period, with school and performance bookings still struggling to reach pre-Covid levels. The Trustees have continued to invest in supporting and growing ongoing charitable activities, resulting in the Company ending the year with a deficit on the general fund of £15,868.

There was a marginal decrease of 3% in regular monthly giving during the year, but overall, the unrestricted income from donations was slightly higher than the previous year, due to a higher level of one-off donations. The Trustees are confident that the current level of regular giving can be sustained and are monitoring this area to ensure that the level of unrestricted core funds is maintained.

As noted above, £3,500 of the designated fund for new works was transferred to the general fund. No further money was spent during the year from this fund so there remains a balance of £13,000, part of which will be utilised in the forthcoming library project in the next financial year. The trustees wish to maintain a balance on this designated fund to use as seed funding for future projects.

A further £56 was spent on purchases from the restricted Technical Equipment Appeal fund. The small remaining balance of £344 will be kept for replacement of existing equipment as and when required.

Following the negative impact of the Covid-19 pandemic on the education programme in previous years, the Company has achieved a positive result of a further 16% increase of income to £20,500 (2022: £17,600). Against a backdrop of tightening school budgets, the trustees are confident that the team will work hard to continue to steadily grow this revenue stream.

The Theatre Tax Relief relating to the prior year of £16,750 was approved by HMRC and received following the year end. As such, this amount is still included within debtors as at 31 August 2023. The Company expects to submit a claim of £4,830 for the current year, which has been recognised in these accounts. The quantum of the claim is expected to vary in future years, dependant on the volume of new performance work being created.

Page 7

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Plans for the future

Plans for our work with schools:

Plans for our work with Theatres, Arts Centres, Community Spaces and Libraries

Plans for our work with churches:

Plans for profile raising and awareness:

We will:

We also plan:

Page 8

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

With thanks

This financial year, our work could not have taken place without the generous support of many individuals and communities. We would particularly like to thank:

Thank you for your support.

Page 9

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY

REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Statement of Trustees’ Responsibilities

The trustees (who are also directors of Springs Dance company for the purposes of company law) are responsible for preparing the Trustees' Report (incorporating the strategic report and directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the Board of Trustees on …………………………………… and signed on its behalf by: 28 May 2024

............................................. Toby Beazley, Chair of Trustees

............................................. Angus Reger, Trustee

Page 10

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF SPRINGS DANCE COMPANY (THE COMPANY)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023 set out on pages 12 to 24.

Responsibilities and basis of report

As the charity’s trustees (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charites Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

==> picture [76 x 37] intentionally omitted <==

Paul Newton FCA JCS Accountants 5 Robin Hood Lane Sutton Surrey SM1 2SW

Date: 28 May 2024

Page 11

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2023

Notes
Income from:
Donations and legacies
Grants received
3
Charitable activities
4
Other trading activities
Investments
Total Income

Expenditure on:
Raising funds
Charitable activities
5,6
Total Expenditure
Net expenditure before tax
2
Tax receivable
Net income / (expenditure)
for the financial period
Transfers between funds
10
Net movement in funds
Reconciliation of Funds
Total funds brought forward
Total funds carried
forward		 2023
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
25,910
49
25,959
-
-
-
49,541
-
49,541
100
-
100
93
-
93
75,644
49
75,693
(1,284)
-
(1,284)
(95,058)
(49)
(95,107)
(96,342)
(49)
(96,391)
(20,698)
-
(20,698)
4,830
-
4,830
(15,868)
-
(15,868)
56
(56)
-
(15,812)
(56)
(15,868)
58,280
400
58,680
42,468
344
42,812		 2022
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
25,233
10,285
35,518
50
7,000
7,050
46,451
-
46,451
1,066
-
1,066
24
-
24
72,824
17,285
90,109
(1,177)
-
(1,177)
(95,006)
(17,365)
(112,371)
(96,183)
(17,365)
(113,548)
(23,359)
(80)
(23,439)
16,771
-
16,771
(6,588)
(80)
(6,668)
180
(180)
-
(6,408)
(260)
(6,668)
64,688
660
65.348
58,280
400
58,680

All income and expenditure has arisen from continuing operations.

The Company has no recognised gains or losses other than those shown above.

The notes on pages 15 to 24 form part of these financial statements.

Page 12

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY REGISTERED COMPANY NUMBER: 06371136 BALANCE SHEET AS AT 31 AUGUST 2023

Notes
FIXED ASSETS
Tangible Assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
Creditors: Amounts Falling
Due Within One Year
9
NET CURRENT ASSETS
NET ASSETS

FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
Funds
Restricted
Funds
£
£

10,858
-
10,858
-
28,705
-
9,276
344
37,981
344
(6,371)
-
31,610
344
42,468
344
 2023
Total Funds
£
10,858
10,858
28,705
9,620
38,325
(6,371)
31,954
42,812
42,468
344
42,812		 2022
Total Funds
£
1,998
1,998
25,530
44,975
70,505
(13,823)
56,682
58,680
58,280
400
58,680

For the year ending 31 August 2023, the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the Charitable Company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The notes on pages 15 to 24 form part of these financial statements.

Page 13

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY REGISTERED COMPANY NUMBER: 06371136 BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2023

The trustees, who are also the directors of the Charitable Company, acknowledge their responsibilities for:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved by order of the Board of Trustees on ……………… and signed on its behalf by: 28/05/2024

.............................................

Toby Beazley, Chair of Trustees

.............................................

Angus Reger, Trustee

Registered Company Number: 06371136

The notes on pages 15 to 24 form part of these financial statements.

Page 14

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

1. ACCOUNTING POLICIES

1.1 Statutory information

Springs Dance Company is a private Company, limited by guarantee, incorporated in England & Wales, registration number 06371136. The Company operates remotely.

1.2 Basis of preparation of the financial statements

The individual financial statements of the Company have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in March 2018.

The Charitable Company is a public benefit entity under FRS 102 and therefore the financial statements have also been prepared in accordance with the 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 SORP) issued in October 2018 and the Charities Act 2011.

The trustees consider that there are no material uncertainties in relation to the Charitable Company’s ability to continue as a going concern and therefore the Company continues to adopt the going concern basis in preparing its financial statements.

1.3 Cash flow exemption

The Company is exempt from preparing a Statement of Cash Flows under Section 7.1B of FRS 102 in relation to small entities.

1.4

Legal status of the charity

The Charity is a Company limited by guarantee and as such, has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

1.5 Income

All income is recognised in the Statement of Financial Activities once the charity has fulfilled its legal obligations for services provided, it is probable that the income will be received and the amount can be measured reliably.

Income from grants, whether ‘capital’ grants or ‘revenue’ grants, are recognised when the charity has legal entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably and is not deferred to later periods.

Other trading activities is amounts receivable for office services, short term hire of equipment and sale of merchandise and is recognised on the date of hire or sale.

Investment income is interest received on cash at bank and is recognised over the period in which it accrues.

1.6 Expenditure

All expenditure is recognised in the Statement of Financial Activities when there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the same category. Support costs, including payroll costs have been apportioned and allocated to activities based on the most appropriate basis for each category. The apportionment methods used for support costs are disclosed in note 6.

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

Page 15

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

1. ACCOUNTING POLICIES (continued)

1.7 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided so as to allocate the cost of assets, less their estimated residual value, over their expected useful lives on the following bases:

Technical Equipment 25% Reducing Balance Motor Vehicles 25% Reducing Balance Computer Equipment 25% Reducing Balance

The assets’ useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains or losses on disposals are determined by comparing the proceeds of the disposal with the carrying amount and are recognised in the Statement of Financial Activities under Income from other trading activities for gains and Expenditure on Charitable activities for losses.

1.8 Debtors

Short term trade and other debtors are recognised at the transaction amount after any trade discounts offered, less any provision for any bad or doubtful debts.

1.9 Cash and cash equivalents

Cash at bank and in hand includes cash and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit account.

1.10 Creditors

Short term creditors are recognised at the transaction amount when the Company has a present obligation resulting from a past event.

1.11 Current and deferred taxation

The Charitable Company is exempt from corporation tax on its charitable activities and therefore does not include a tax expense in its Statement of Financial Activities. The Company therefore is also not required to provide for any deferred taxation liabilities. However, the Charitable Company is eligible to receive a corporation tax credit as a Theatrical Production Company under the provisions of Part 15C Corporation Tax Act 2009 in relation to Theatre Tax Relief.

The Theatre Tax Credit receivable is only recognised in the Statement of Financial Activities when the Charitable Company is virtually certain that the related asset will be received.

1.12 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments under FRS 102. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value except for bank loans which are subsequently measured at amortised cost using the effective interest method.

1.13 Operating leases as a lessee

Amounts paid under operating leases are charged to the Statement of Financial Activities on a straightline basis over the lease term.

Page 16

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

1. ACCOUNTING POLICIES (continued)

1.14 Foreign currency translation

The Company’s functional and presentational currency is GBP.

The Company has not entered into any foreign currency transactions in the current or preceding period and as such does not have any reported foreign currency exchange gains or losses.

1.15 Pensions

The Company operates a defined contribution pension plan for its employees. A defined contribution plan is one in which the Company pays fixed contributions into a separate entity and therefore once the contributions have been paid, the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Financial Activities when they fall due and amounts not paid are included as a liability in the Balance Sheet. The assets of the pension plan are held separately from the Company in an independently administered fund.

1.16 Fund accounting

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

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

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

Transfers from the unrestricted general funds into restricted funds arise when the trustees designate unrestricted funds to be used for restricted purposes or to satisfy a deficit on a particular restricted fund.

Transfers from a restricted fund into unrestricted funds only arise in order to transfer the value of tangible fixed assets when the asset has been purchased from restricted funds but is held for a general and not a restricted purpose.

2. NET EXPENDITURE

The net expenditure is stated after charging/(crediting):

2023 2022
£ £
Depreciation of tangible fixed assets 3,268 652
Independent examiner’s fees 1,320 1,236

3. GOVERNMENT GRANTS

Included in Grants Received is £nil (2022: £50) of revenue grants received under the Coronavirus Job Retention Scheme.

Page 17

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

4. ANALYSIS OF INCOME FROM CHARITABLE ACTIVITIES

4.
ANALYSIS OF INCOME FROM CHARITABLE ACTIVITIES		 4.
ANALYSIS OF INCOME FROM CHARITABLE ACTIVITIES
Activity
Performances
Workshop
/ Course
Fees
Travel
costs
recharged
£
£
£
Touring
Journey of the Magi
13,630
-
1,375
Parable
575
-
161
A Time to Mourn, A Time to Dance
5,600
-
1,023
Special Events
-
-
-
19,805
-
2,559
Education
School Workshops
-
20,500
3,456
Summer Course & Open workshops
-
3,221
-
-
23,721
3,456
TOTAL
19,805
23,721
6,015
5.
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Activity
Activities
undertaken
directly
Support
Costs (Note
6)
£
£

Touring
Journey of the Magi
15,434
12,968
Parable
2,007
1,308
A Time to Mourn, A Time to Dance
(including restricted)
6,558
6,211
Special Events
-
6,810
23,999
27,297
Education
Elevate Dance Course (restricted)
-
-
School Workshops
14,255
19,027
Summer Course & Open workshops
4,063
6,466
18,318
25,493
TOTAL
42,317
52,790		 2023
Total
£
15,005
736
6,623
-







2022
Total
£

13,330

5,458
1,170

300
22,364
23,956
3,221
20,258

20,128

6,065
27,177
26,193
49,541
46,451
2023
Total
£
28,402
3,315
12,769
6,810
51,296
-
33,282
10,529
43,811
95,107		 2022
Total
£
28,029
6,828
41,778
1,468
78,103
60
26,484
7,724
34,268
112,371

Included in the direct expenditure for Special Events is £nil (2022: £20) from the Technical equipment appeal fund. Included in the direct expenditure for A Time to Mourn, A Time to Dance is £49 (2022: £17,285) from the restricted fund with this name.

The Charity did not make any grant payments to fund third parties to undertake work on the Charity’s behalf in either the current or preceding period.

Page 18

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

6. ANALYSIS OF SUPPORT COSTS INCLUDED IN EXPENDITURE ON CHARITABLE ACTIVITIES

Touring
Support cost
Staff administration costs
Equipment storage
Van expenses
Office costs and Insurance
Governance costs
TOTAL
Education
Support cost
Staff administration costs
Equipment storage
Van expenses
Office costs and Insurance
Governance costs
TOTAL		 Journey of
the Magi
£
6,811
834
2,793
2,117
413
12,968		 Parable
A Time to
Mourn, A
Time to
Dance
Special
Events
£
£
£
1,202
4,006
6,810
-
-
-
-
1,157
-
89
877
-
17
171
-
1,308
6,211
6,810
School
Workshops
Summer Course
& Open
Workshops
£
£
15,223
5,208
-
-
-
660
3,183
500
621
98
19,027
6,466		 Special
Events
£
6,810
-
-
-
-		 2023
Total
£
18,829
834
3,950
3,083
601		 2022
Total
£
22,513
2,645
-
4,172
743
6,810 27,297 30,073
2023
Total
£
20,431
-
660
3,683
719
25,493		 2022
Total
£
13,849
-
-
2,769
493
17,111

Methods used for apportionment of support costs

Support cost Basis of allocation Staff administration & tour booking costs Estimated time spent per timesheets Equipment storage Estimated space used Van expenses Total fee income Office, Insurance and Governance costs Total fee income

Page 19

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

7. TANGIBLE FIXED ASSETS

Cost
As at 1 September 2022
Additions
As at 31 August 2023
Depreciation
As at 1 September 2022
Charge for the year
As at 31 August 2023
Net Book Value
As at 31 August 2023
As at 31 August 2022
8.
DEBTORS
Due within one year
Trade debtors
Prepayments and accrued income
Corporation tax receivable
Other debtors
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN
Trade creditors
Accruals
Deferred income
Taxation and social security		 Technical
Equipment
Computer
Equipment
Motor
Vehicles
£
£
£
6,340
586
-
55
73
12,000		 Technical
Equipment
Computer
Equipment
Motor
Vehicles
£
£
£
6,340
586
-
55
73
12,000		 Total
£

6,926

12,128
6,395 659
12,000
19,054
4,411
492		 517
-
26
2,750
4,928

3,268
4,903 543
2,750
8,196
1,492 116
9,250
10,858
1,929 69
-		 1,998
ONE YEAR 2023
£
4,806
1,714
21,580
605
28,705

2023
£
94
1,728
4,500
49
6,371		 2022
£
7,005
1,052
16,750
723
25,530

2022
£
2,890
1,679
9,180
74
13,823

Page 20

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

10. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated fund: legacy
Total unrestricted funds
Restricted funds
Technical Equipment Appeal
A Time to Mourn, A Time to Dance
Total restricted funds
TOTAL FUNDS		 As at 1
September 2022
£
41,780
16,500
58,280
400
-
400
58,680		 Net income /
(expenditure)
£
(15,868)
-
(15,868)
-
-
-
(15,868)		 Transfers
between funds
£
3,556
(3,500)
56
(56)
-
(56)
-		 As at 31
August 2023
£
29,468
13,000
42,468
344
-
344
42,812

The transfer from the Technical equipment appeal fund relates to capital expenditure of £56 in the year.

The transfer from the Designated fund is to maintain an appropriate level of free reserves.

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

Unrestricted funds
General fund
Designated fund: legacy
Total unrestricted funds
Restricted funds
Technical Equipment Appeal
A Time to Mourn, A Time to Dance
Total restricted funds
TOTAL FUNDS		 Income

£
80,474
-
80,474
-
49
49
80,523		 Expenditure
£
(96,342)
-
(96,342)
-
(49)
(49)
(96,391)		 Net income /
(expenditure)
£
(15,868)
-
(15,868)
-
-
-
(15,868)

Page 21

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

10. MOVEMENT IN FUNDS (continued)

SUMMARY OF MOVEMENT FOR THE PRIOR PERIOD

As at 1 Net income / Transfers As at 31
September 2021
(expenditure)		 between funds August 2022
£ £ £ £
Unrestricted funds
General fund 44,948 (3,348) 180 41,780
Designated fund: legacy 19,740 (3,240) - 16,500
Total unrestricted funds 64,688 (6,588) 180 58,280
Restricted funds
Elevate Dance Course - (60) 60 -
Technical Equipment Appeal 660 (20) (240) 400
A Time to Mourn, A Time to Dance - - - -
Total restricted funds 660 (80) (180) 400
TOTAL FUNDS 65,348 (6,668) - 58,680
The transfer from the Technical equipment appeal fund relates to capital expenditure of £240 in the year.
A transfer of £60 to the Elevate Dance Course fund was made from the General fund to prevent a deficit on the
restricted fund.
Net movement in funds included in the above, are as follows:
Income
 Expenditure Net income /
(expenditure)
£ £ £
Unrestricted funds
General fund 89,595 (92,943) (3,348)
Designated fund: legacy - (3,240) (3,240)
Total unrestricted funds 89,595 (96,183) (6,588)
Restricted funds
Elevate Dance Course - (60) (60)
Technical Equipment Appeal - (20) (20)
A Time to Mourn, A Time to Dance 17,285 (17,285) -
Total restricted funds 17,285 (17,365) (80)
TOTAL FUNDS 106,880 (113,548) (6,668)
Unrestricted funds
General fund 89,595 (92,943) (3,348)

Page 22

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

10. MOVEMENT IN FUNDS (continued)

Name of fund

Description, nature and purpose of the fund

Unrestricted Funds General Fund Designated Fund: Legacy

All funds which are not designated or restricted Legacy received in the year ended 31 August 2020 which has been ringfenced to create new dance works

Restricted Funds

Elevate Dance Course Magic Paintbrush Technical Equipment Appeal Parable

A Time to Mourn, A Time to Dance Arts Council England

To train students in dance To produce and tour the Magic Paintbrush

To purchase technical equipment necessary for productions To create a new interactive performance and workshop that reimagines the parables that Jesus told

To create, rehearse and tour this new production

To carry out research and development and teacher training during lockdown

11. STAFF COSTS

STAFF COSTS
Wages and salaries
Cost of defined contribution pension schemes		 2023
£
33,137
335
33,472		 2022
£
35,436
538
35,974

A total of £nil (2022: £50) was claimed under the Coronavirus Job Retention Scheme to help fund staff costs.

The employee benefits received by key management personnel were £22,931 (2022: £19,381)

The average number of employees was:

The average number of employees was:
2023 2022
Average monthly part-time employees 3 4
Average number of part-time subcontractors 9 9

12. TRUSTEES’ REMUNERATION AND BENEFITS

No trustees received any remuneration or other benefits for the year (2022: £Nil). No trustee expenses were reimbursed (2022: £28 was reimbursed to one trustee for travel expenses in the year).

Page 23

DocuSign Envelope ID: B359CCF7-F5E4-44E3-B36E-F558B83ECB2D

SPRINGS DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

13. RELATED PARTY TRANSACTIONS

Donations amounting to £1,840 (2022: £2,438) were received from trustees during the year.

Richard Hughes, who is married to Ruth Hughes, provided filming and editing services to the company, through his company Edge2Edge Films, totalling £300, net of a £800 charity discount (2022: £1,263). In 2022 he made a donation of £700.

During the year, the Company paid a salary of £13,664 and a pension of £216 to Eliza Reger as an employee. Eliza Reger is considered to be a related party as she is married to Angus Reger, a trustee of the Company. As per the Charity’s conflict of interest policy, Angus Reger recuses himself from any decision making in relation to Eliza Reger’s employment including compensation, hours or other benefits.

Page 24