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← Springs Dance Company

2025-08-31-accounts

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

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 2025

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Contents

Contents
Page
Company Information 1
Report of the Trustees 2 – 9
Independent Examiner’s Report 10
Statement of Financial Activities 11
Balance Sheet 12 - 13
Notes to the Financial Statements 14 - 22

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

COMPANY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2025

Company Number 06371136
Charity Number 1136487
Registered Office 4 Cedars Close
Address Occold
Eye
Suffolk
IP23 7PB
Independent Paul Newton
Examiner JCS Accountants Limited
5 Robin Hood Lane
Sutton
Surrey
SM1 2SW
Trustees Toby Beazley (Resigned 11 November 2024)
Kerry Salisbury
Deborah Cruz-Dunn
Ulrike Pflanz
Paul Clark
Angus Reger
Frances Clarke (Appointed 14 July 2025)
Secretary Eliza Reger
Bankers The Co-operative Bank
PO Box 250
Skelmersdale
WN8 6WT
Patrons Jeremy Begbie BD, Ph.D, FRSCM
Sir David Bintley CBE
Steve Chalke MBE
John Drane MA, PhD
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: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

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 2025.

Reference & Administrative Details

Trustees

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

Toby Beazley (Chair – Resigned 11 November 2024) Kerry Salisbury (Chair) Deborah Cruz-Dunn Ulrike Pflanz Angus Reger Paul Clark Frances Clarke (Appointed 14 July 2025)

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: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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 professional contemporary dance company, producing vibrant, life-enhancing dance for more than 45 years. Our mission is to improve lives and bring joy through dance.

We partner with theatres, churches, schools and libraries to bring meaningful, accessible, transformative dance to everyone.

Founded in 1979, we are one of the longest established dance companies in the UK.

It has been a busy and rewarding year for the Company, expanding our programme with libraries, touring Journey of the Magi and A Time to Mourn, A Time to Dance and continuing to deliver and develop our education programme and outreach workshops.

This financial year, we delivered 59 live performances, reaching a total audience of 3,393 people. Our education team delivered 64 days of workshops in primary and secondary schools benefitting 4,258 participants. We taught 11 days of community workshops (summer intensive, online workshops and church workshops) reaching 100 participants.

Overall, this financial year, 7,751 people engaged with a performance or workshop delivered by Springs Dance Company.

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. We continue to see a high number of requests from schools to deliver dance projects that fulfil the R.E. demands of the national curriculum and provide creative ways for children to learn through movement.

We were happy to see a steady flow of workshops taking place throughout the year, demonstrating a clear demand from schools to meet all aspects of the R.E. curriculum through dance. A Christmas Story: Refugee, You Are Special, The Good Samaritan and Creation are all popular with schools, while our Easter Project remains top of the list.

Page 3

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

“Thank you so much ... for leading such wonderful workshops! From start to finish, (Springs) created engaging and exciting, educational workshops. The children have enjoyed every moment! The performance to our families last week was very emotional and powerful! The children have grown in confidence, using drama and movement to express themselves. The children have a clear understanding of the Easter story thank you!” Miss Harris, Class Teacher, Delamere CE Primary Academy, Cheshire

“The workshop not only gave our pupils the chance to learn and express themselves through dance and movement/drama; it challenged their understanding of the Easter story. Thank you very much.” Mrs Murphy, Y5 Teacher, Middleforth CofE Primary School, Preston

“Amazing workshop. The children were all engaged and worked really well. It was a really positive lesson with a great ending linking the Good Samaritan with what they can do in class. Would really recommend! Thank you so much!” Jackie Cole - Yr 3 teacher, PE lead, St Margaret's C of E, Essex

Churches

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

In churches, we:

A Time to Mourn, a Time to Dance toured to 10 churches in the autumn of 2024. The show, choreographed by Lizzi Kew Ross and Heather Richmond, was created after the pandemic and offers audiences an opportunity to reflect on grief, human connection and joy.

“We were incredibly blessed by your visit. It was professional - so well thought out... It was also a great time for visitors to come and experience the presence of God... Your team carry the love of God and that clearly comes across in speech and in dance. It was beautiful to let our minds and imagination wonder and partner with all the different movements and emotions going on. I'm sure everybody found a part of their own journey in the performance. It gave us a chance to come out of our own worlds and become childlike again in wonder and thought.” Abi Denniss, The Ark Church, Isleham

Journey of the Magi toured to churches and schools in December 2024 and was performed 12 times. We continue to develop the show each year, keeping the show fresh and up to date, whilst maintaining its Christmassy nostalgia.

“So glad/pleased that I took the leap of faith and booked JOM - church has never done anything like this and we had no idea how it might go. I would recommend this to any church ... It was a sparkling breath of fresh air from the usual Christmas events; thought-provoking, relevant and just so different. Well done. Thanks for coming to us... Just so different - modern and relevant ... I heard people gasp .” Revd Anne Dunlop, Priest in charge

“A real surprise! We knew it was a dance performance but the depth of interpretation by the dancers was mind blowing. So much to reflect upon in the way the dance and movement expressed the poem. It made me laugh and cry both!” Diane Fretwell, Reader at St Mary's Church

“What an uplifting and beautiful evening Springs Dance Company brought to us last night! It was definitely a place where we could hush the noise. And that noise was so well portrayed in the performance as contrasting with the true meaning of Christmas. So moving, it brought tears to my eyes on several occasions.” Audience – Grove Street Methodist Church

Page 4

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

“What a performance it was, the whole production was brilliant, had us in stitches, audience participation and made us think about the meaning of Christmas.” Audience - Bethesda Methodist Church,

In July, we held our annual Summer Dance Week. For the first time, we were based at City Church, Cambridge, which allowed those living nearby to attend as well as dancers from further across the UK and Luxembourg. We delivered a broad range of classes for all abilities, and the professional company then performed alongside participants at the end of week in a sharing of new work that local church users were able to enjoy.

Thanks are due to City Church Cambridge and to Dan and Mel Cossette for hosting our team.

“It has been SO WONDERFUL. A joy to connect with dancers of faith, formidable teaching. Such amazing creativity.”

“Thank you for another amazing week. The opportunity to dance with others and spend time reflecting on God’s Word was a blessing. The week was called “Refresh” and it lived up to that.”

Following feedback from Summer Intensive 2023 participants that they would like more opportunities throughout the year to dance with us, we hosted two online workshops for adults. The first took place on All Hallows Eve and the second during Advent. In addition to helping Christian dancers stay connected to one another, these workshops continue to provide opportunities for those not able to leave home - due to caring responsibilities - to engage with our work.

Theatres, Arts Centres, Community Spaces and Libraries

In theatres and the wider arts world, we:

Building on the success of Making Your Mark , our creative libraries programme for children aged 3–6, we were delighted to receive grants from Arts Council England and The Foyle Foundation to further develop the project – now renamed Jump In! . Working in partnership with Magic Acorns, Creative Arts East, Suffolk Libraries, and Norfolk Libraries (through the Rekindle initiative), we were able to bring Jump In! to libraries and their local schools, reaching even more children and families.

We delivered 34 school workshops, 18 library trail workshops and 28 shows during January and February 2025, working collaboratively with class & nursery groups from schools identified in areas with high deprivation and low cultural engagement. Children are co-creators of the project, devising the performance, taking part in dance, physical and imaginative play and making marks. Jump In! increases children’s confidence around books and in library spaces. We offered the project free of charge to ensure it was accessible to those least likely to engage in cultural and creative activities.

“The performances were very interactive and staff said that they “have never been to something so age appropriate and engaging for the children”.” Megan Woolacott, Reception and Year 1 team, Project and Events Manager and Class Teachers, Drake Primary School

“The library trails were fantastic! They encouraged children to explore the library space, interact with staff, and helped to break down the barriers that can sometimes come with stepping into a new environment... Immediately after the public performances, we saw families signing up for library memberships and browsing for books, which was wonderful to witness. We know of at least 15 families who joined the library as a direct result of the Jump In activities, and I’m sure there were even

Page 5

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

more that we weren’t aware of. I’m also confident that our book issues have increased, meaning more stories are making their way into the hands of readers... The response from the public was overwhelmingly positive, with plenty of smiles, great feedback, and a real sense of joy in the space.” Kaleigh Garrod, Library Manager, Thetford Library

“Dance is an art form that emphasizes creativity, expression and innovation. Observing the Jump In workshops sparked new ideas for integrating creativity into my own teaching style and encouraging students to explore their own creativity through an exciting adventure.” Bonnie Porter, PE Lead, Bishop’s C of E Primary Academy, Thetford.

“The workshop process has been a particular favourite for me. We have seen children grow in confidence, both in movement and their relationships to books. We have seen young children, who may not usually “fit the mould” find their creative voice. Jump In! make a difference and is a joy to be a part of.” Hannah Rotchell, Jump In! teacher & performer, Springs Dance Company

Other

In accordance with our plans, we have also:

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.

Financial Review

Financial Performance

Overall, it was a very positive financial year for the Company which resulted in generating a surplus on the general fund of £13,364 (2024: £3,580).

Regular monthly giving has remained steady and there was a significant increase in one-off donations, which doubled compared to the previous year. The Trustees are confident that the current level of giving can be sustained and are monitoring this area to ensure that the level of unrestricted core funds is maintained.

The Company ran a successful appeal to replace the Company’s outdated stage lighting system. Funds of £4,864 were raised for this purpose and allowed the Company to spend £9,173 on a LED lighting system in August 2025.

Focus was maintained throughout the year on grant applications and project funding as a way to ensure the company keeps moving forwards and producing new work. This continued to be successful with a total of £33,841 received in grant funding towards Jump In! (previously MYM).

The Company successfully claimed Theatre Tax Relief relating to the prior period of £19,155, which was £1,819 more than anticipated. The Company expects to submit a claim of £15,623 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 6

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

There has been no movement in our Designated Fund for new work during the year, and the Company expects to utilise this as seed money for new projects next year. This is an essential part of being able to apply for further project funding.

School workshop income saw a 7% increase and still contributes significantly to our overall income making up 20% of total income.

Reserves policy

In reflection of a financial period with a surplus on the general fund, the Trustees are able to maintain a policy of sustaining free reserves that are between three and five months of operating costs, together with an allocation to cover budgeted short-term operational deficits. The trustees will also compare this to the potential costs required for orderly closure of the charity if necessary.

Using this calculation, at 31 August 2025, an appropriate level of free reserves is a minimum of £24K and a maximum of £32K within which the Company seeks to operate. The level of unrestricted funds at 31 August 2025 was £59,412 and the level of free reserves (excluding tangible fixed assets and designated fund) was £30,923, which is within the expected level. 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.

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:

We also plan:

Page 7

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

With thanks

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

Thank you for your support.

Page 8

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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: 2 February 2026

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

Kerry Salisbury, Chair of Trustees

==> picture [153 x 49] intentionally omitted <==

----- Start of picture text -----
.............................................
[ ey06D405B0A809480... by:
Angus Reger, Trustee / Treasurer
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Page 9

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

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 2025 set out on pages 11 to 22.

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.

[lant by:

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

Date: 03 February 2026

Page 10

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

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 income/(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		 2025
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
30,951
4,864
35,815
-
33,841
33,841
57,712
7,100
64,812
349
-
349
313
-
313
89,325
45,805
135,130
(588)
-
(588)
(81,610)
(57,149)
(138,759)
(82,198)
(57,149)
(139,347)
7,127
(11,344)
(4,217)
17,442
-
17,442
24,569
(11,344)
13,225
(11,205)
11,205
-
13,364
(139)
13,225
46,048
139
46,187
59,412
-
59,412		 2024
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
27,887
-
27,887
-
26,571
26,571
44,315
-
44,315
104
-
104
181
-
181
72,487
26,571
99,058
(336)
-
(336)
(85,674)
(26,571)
(112,245)
(86,010)
(26,571)
(112,581)
(13,523)
-
(13,523)
16,898
-
16,898
3,375
-
3,375
205
(205)
-
3,580
(205)
3,375
42,468
344
42,812
46,048
139
46,187

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 14 to 22 form part of these financial statements.

Page 11

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY REGISTERED COMPANY NUMBER: 06371136 BALANCE SHEET AS AT 31 AUGUST 2025

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
£
£

15,489
-
15,489
-
21,431
-
32,665
-
54,096
-
(10,173)
-
43,923
-
59,412
-
 2025
Total Funds
£
15,489
15,489
21,431
32,665
54,096
(10,173)
43,923
59,412
59,412
-
59,412		 2024
Total Funds
£
8,305
8,305
34,848
19,224
54,072
(16,190)
37,882
46,187
46,048
139
46,187

For the year ending 31 August 2025, 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 14 to 22 form part of these financial statements.

Page 12

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY REGISTERED COMPANY NUMBER: 06371136 BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025

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: 02/02/2026

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

Kerry Salisbury, Chair of Trustees

............................................. [ ey06D405B0A809480... by: Angus Reger, Trustee / Treasurer

Registered Company Number: 06371136

The notes on pages 14 to 22 form part of these financial statements.

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Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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).

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) 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.

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Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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%ReducingBalance
Motor Vehicles 25%ReducingBalance
Computer Equipment 25% ReducingBalance

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.

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Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES (continued)

1.13 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.

1.14 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.

1.15 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:

The net expenditure is stated after charging:
2025 2024
£ £
Depreciation of tangible fixed assets 2,333 2,757
Independent examiner’s fees 1,440 1,380

3. GRANTS RECEIVED

Parable
Jump In! (Making your Mark)		 2025
£
-
33,841

33,841
 2024
£
4,000
22,571
26,571

Page 16

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

4. ANALYSIS OF INCOME FROM CHARITABLE ACTIVITIES

4.
ANALYSIS OF INCOME FROM CHARITABLE ACTIVITIES
Activity
Performances
Workshop
/ Course
Fees
Travel
costs
recharged
2025
Total
£
£
£
£
Touring
Journey of the Magi
14,700
-
575
15,275
Parable
-
-
-
-
Jump In! (Making your Mark)
7,100
-
-
7,100
A Time to Mourn, A Time to Dance
10,623
-
1,125
11,748
Special Events
-
-
-
-
32,423
-
1,700
34,123
Education
School Workshops
-
24,105
2,680
26,785
Summer Course & Open workshops
-
3,904
-
3,904
-
28,009
2,680
30,689
TOTAL
32,423
28,009
4,380
64,812

5.
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Activity
Activities
undertaken
directly
Support
Costs (Note
6)
2025
Total
£
£
£
Touring
Journey of the Magi
17,493
7,975
25,468
Parable
-
1,059
1,059
Jump In! (Making your Mark)
35,820
21,329
57,149
A Time to Mourn, A Time to Dance
14,725
4,949
19,674
Special Events
-
-
-
68,038
35,312
103,350
Education
School Workshops
14,838
10,985
25,823
Summer Course & Open workshops
4,149
5,437
9,586
18,987
16,422
35,409
TOTAL
87,025
51,734
138,759		 2025
Total
£
15,275
-
7,100
11,748
-









2024
Total
£
9,725
4,600
-
-
950
34,123
26,785
3,904		 15,275
25,091
3,949
30,689 29,040
64,812 44,315
2024
Total
£
24,142
10,899
34,558
2,687
987
73,273
28,845
10,127
38,972
112,245

Page 17

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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

Touring
Support cost
Journey of the Magi
Parable
Jump In! (Making your Mark)
A Time to Mourn, A Time to
Dance
Special Events
2025 TOTAL
2024 TOTAL
Education
Support cost
School Workshops
Summer Course & Open
Workshops
2025 TOTAL
2024 TOTAL		 Staff
administration
costs
£
5,176
1,059
16,548
2,550
-		 Van
expenses
£
1,361
-
777
1,360
-
3,498
4,398		 Office
costs and
Insurance
£

1,213

-

3,379

877

-		 Governance
costs
Total
£
£

225
7,975

-
1,059

625
21,329
162
4,949

-
-
25,333
5,469
1,012
35,312
17,802
3,819
843
26,862
Staff
administration
costs
£
8,627
4,666		 Van
expenses
£
-
389
389
776		 Office
costs and
Insurance
£

1,990

322		 Governance
costs
Total
£
£

368
10,985
60
5,437
13,293
2,312
428
16,422
15,452
2,433
537
19,198

Methods used for apportionment of support costs

Support cost Basis of allocation

Staff administration & tour booking costs Estimated time spent per timesheets Van expenses Estimated mileage Office, Insurance and Governance costs Total fee income

Page 18

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

7. TANGIBLE FIXED ASSETS

Cost
As at 1 September 2024
Additions
As at 31 August 2025
Depreciation
As at 1 September 2024
Charge for the year
As at 31 August 2025
Net Book Value
As at 31 August 2025
As at 31 August 2024
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
£
£
£
6,599
659
12,000
9,517
-
-		 Technical
Equipment
Computer
Equipment
Motor
Vehicles
£
£
£
6,599
659
12,000
9,517
-
-		 Total
£

19,258

9,517
16,116 659
12,000
28,775
5,318
577		 572
5,063
22
1,734
10,953

2,333
5,895 594
6,797
13,286
10,221 65
5,203
15,489
1,281 87
6,937
8,305
ONE YEAR 2025
£
2,933
1,249
15,623
1,626
21,431

2025
£
200
2,914
2,325
4,734
10,173		 2024
£
9,224
1,084
21,718
2,822
34,848

2024
£
163
2,151
13,758
118
16,190

Page 19

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

10. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated fund: legacy
Total unrestricted funds
Restricted funds
Technical Equipment Appeal
Parable
Jump In! (Making your Mark)
Total restricted funds
TOTAL FUNDS		 As at 1
September 2024
£
33,048
13,000
46,048
139
-
-
139
46,187		 Net income /
(expenditure)
£
24,569
-
24,569
4,864
-
(16,208)
(11,344)
13,225		 Transfers
between funds
£
(11,205)
(11,205)
(5,003)
-
16,208
11,205
-		 As at 31
August 2025
£
46,412
13,000
59,412
-
-
-
-
59,412

The transfer from the Technical equipment appeal fund relates to capital expenditure of £5,003 in the year. The transfer into the Jump In! fund was to cover the excess expenditure.

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
Parable
Jump In! (Making your Mark)
Total restricted funds
TOTAL FUNDS		 Income
£
89,325
-
89,325
4,864
-
40,941
45,805
135,130		 Expenditure
£
(82,198)
-
(82,198)
-
-
(57,149)
(57,149)
(139,347)		 Taxation
17,442
-
17,442
-
-
-
-
17,442		 Net income /
(expenditure)
£
24,569
-
24,569
4,864
-
(16,208)
(11,344)
13,225

Page 20

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

10. MOVEMENT IN FUNDS (continued)

SUMMARY OF MOVEMENT FOR THE PRIOR PERIOD

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 2023
£
29,468
13,000
42,468
344
-
344
42,812		 Net income /
(expenditure)
£
3,375
-
3,375
-
-
-
3,375		 Transfers
between funds
£
205
-
205
(205)
-
(205)
-		 As at 31
August 2024
£
33,048
13,000
46,048
139
-
139
46,187

The transfer from the Technical equipment appeal fund relates to capital expenditure of £205 in the year.

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
Parable
Jump In! (Making your Mark)
Total restricted funds
TOTAL FUNDS		 Income

£
72,487
-		 Expenditure
£
(86,010)
-
Taxation
£

16,898
-		 Net income /
(expenditure)
£
3,375

-
3,375

-

-
-

3,375
72,487
-
4,000
22,571		 (86,010)
-
(4,000)
(22,571)		 16,898
-

-
26,571 (26,571) -
99,058 **(112,581) ** 16,898

Page 21

Docusign Envelope ID: 318BD2E5-52D2-4241-AC4A-7B34B9C05AB6

SPRINGS DANCE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

10. MOVEMENT IN FUNDS (continued)

Name of fund

Description, nature and purpose of the fund

Unrestricted Funds General Fund All funds which are not designated or restricted Designated Fund: Legacy Legacy received in prior years which has been ring-fenced to create new dance works

Restricted Funds

Jump In! (Making your Mark) Technical Equipment Appeal Parable

A Time to Mourn, A Time to Dance

To produce and tour Jump In! (previously known as Making your Mark) 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

11. STAFF COSTS

STAFF COSTS
Wages and salaries
Cost of defined contribution pension schemes		 2025
£
38,633
351
38,984		 2024
£
29,375
342
29,717

The employee benefits received by key management personnel were £24,532 (2024: £16,491).

The average number of employees was:

The average number of employees was:
2025 2024
Average monthly part-time employees 4 4
Average number of part-time subcontractors 7 9

12. TRUSTEES’ REMUNERATION AND BENEFITS

No trustees received any remuneration or other benefits for the year (2024: £nil). No trustee expenses were reimbursed (2024: £Nil).

13. RELATED PARTY TRANSACTIONS

Donations amounting to £2,491 (2024: £4,990) 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 £500 (2024: £1,135).

During the year, the Company paid salary and fees of £11,799 (2024: £3,396) and a pension of £156 (2024: £147) 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 22