THE NF,W ENGLISH BALLET THEATRE
(Registered Charity No: 1137943}
(Registered Company No: 7232736)
TRUSTEES, REPORT AND FIIYANCIAL STATEMENTS
FOR THE YEAR ENDF.D
31 DECFMBER 2024

THE NF.W ENGLISH BALLET THEATRF
RF.PORT OF TIIE'fRUSTF,ES
FOR THF. YEAR LNDF.D 31 DLCE.MBER 2024
REFERENCE AND ADMINISTRATION DF.TAILS
TRUSTEES / DIRECTORS
Luke Rittner KBE (Chair)
Margaret Andraos (resigned 20 November 2024)
Amanda Underwood. known as Amanda Britton
Julian Flitter
Claudia CJorman (appointed 22 July 2024)
Peter Land
Kiki McDonough
karen Pilkington-miksa MBE
Kristina Rogge
Akank4ha Tiinwar (appointed 28 May 2024)
Diana Lynii Teixeira ()BF,. known as I,ynn Wallis OBE
(appointed 20 November 2024)
Kerrie Walsh (appoiiited 22 July 2024)
Simon Patrick Weil
Lila Young (appointed 22 July 2024)
ARTISTIC DIRECTOR
Mrs Karen Pilkington-miksa B.Ed ARAD MBL
REGISTLRED OFb ICE
34 Guntersione Road
London
W149BL
GOVERNING IINSTRIIMEYT
Memorandiim and Arti¢le5 of Association incorporatcd on ?2
April 2010
CHARITY RLGlS'fRATIOI% NUMBER
1137943
COMPANY RF.GlS'fRATION NUMBER
7232736
INDEPENDEN'f EXAMINER
Olayinka Toniori ACA, DChA
Longm¢ade Consult Ltd
The Old Rectory
Springhead Road
Northfleet. DAI 18HN
BAYKF.RS
Barclays Bank plc
Leicester
LL87 ?BB
SOI,ICITORS
Charles Russell Speechlys
5 Fleet Place
Londun
EC4M 7RD

THE NEW ENGLISH BALLET THEAI'RE
RLPORT OF I'IIE TRUSTLF&y {Continued)
FOR THF, YEAR ENDF.D 31 DEC.F.MBER 2024
The trustees. who are also the direclors for Companies Act puryoses, prescnt their report and the accounls of the charity for the
year ei)ded 31 Dec¢mber ?0?4. The Trusiecs have adopted the provi.8ions of Accounting and Reporting by Charities: Stalemenl
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial R¢porting Standard
applicable in the UK and Republic of Ireland IFRS 102) (second edition effective l January 2019).
The New English Ballet Theatre (N'CB T) is a private charitable company limited by guarantee. The Directors of the charitable
company arc its Trustees for the purpose of charity law.
STRUCTI',RE, GOVERNAIYCE AND.MAIIAGEMENT
Constitution
The New Lnglish Ballet Thealrc is a registered charity and registered company incorporaied under a Memorandum and Articles
of Association registered on ?? April ?0 l O.
Appointment ofTrustees
lJnless otherwise determined by Ordinary Resolution, the maximuin number of Trustees shall be twelve and the minimum
number shall be two. Any person who is willing to &ct as a Trustee, and is pcm)itted by law to do so. may be appointed a
Truslcc..
By Ordinary Resolution
By a simple niajority of all Trustces entitled to attend and vote al any meeting of the Trustees.
MAna%en)ent
The Board of Tru8lees m¢cls a5 reqiiired and delegiile the day-to-day running of the affairs of the charity to the Artistic Director
who is supported by tliree other iiiembers of staff. A sub-committee has been established 10 cover development and fundraising.
Induction of new trust¢es And trustee tralnlng
Truslees have undcrgonc an orienlalion and Iraining 5e5sion given by Simon Weil. & Irustee and A solicitor spccialising in charily
law, to aLquainl them with thcir legal obligTations und¢r charity and coiiipany law, Charity Commis4ion guidance on public
benefil, the contents of the Melliorandum and Articles of Association and Ihc strateu, decision-making pro¢esses and business
plans of the charity.
Key ManAgement And man#gement remuneration
The trusi¢es consider that the kLy managLmenl of tl)e Charity ¢onsists of Ihemselves, aiid in particular the Artistic Director, to
whoin much of the running ot the day-lo-day running operation devolves. 'The Artistic Director. who is also a trustee. is
employcd by the charity and is not involved in any discussions to set her remuneration. Her remuneration is set by benchmarking
against those of similar charilic8 Wlth due consideration to any other uniquc skills requir¢d to carry out the job,
No tnistee receives rcmuneration for acting as trustee although paymei)ts are made for other s¢rviLes provided to the charity-
see Note 5 to the financial statemcn15. 'fhc sums charged by the Iruslecs are below the open mark¢t value.
OBJECTIVES AND ACTIVII'IES
The charity's objects are:
To advance the education, app￿CiatIon and knowledge of the public in ihe art of ballel. in particular but without
limitation by..
The fomiation of ll ballct theatrc production company for the presenlation of public perforniances of ballet
and exhibitions and by such other ways as the trustees shall determine from time to time;
Advancing the education and training of young artists, including but noi exclusively dancers, choreographers,
musician%, desigJners, and artists, predominantly through the performance of ballet and dance and the
production of professional stage shows.
To advance any other eyclusively charitable objects and purposes in any part of the world.

THE NEW ENGLISH BALLET THEATRE
RLPORT OF THL TRIJSTELS {Continued)
FOR THE YEAR ENDED 31 DEC.EMBER 2024
OBJECTIVES AND ACTIVITIF,S {continued)
Our mission and artistic vision is..
To offer paid pcrfomance opportuniti¢s to young professionals across the fields of ballet, music, visual art and
choreography, and give them the chance to work alongside established professionals to develop their careers.
o To explore Collaboration between dance, music and visual art to fos1er a pioneering, cross-discipline slyle of ballet
performance.
To nurture the individual development of each dancer and give solo opportunities not often found in larger Companies.
To provide opportunities lo our emergying and established choreographers. musicians and visual artists
commissioning their works and developing their talents.
To further the study of choreography and visual art for the dance sta¥e and the composition and arrangement of music
for dance.
NEBT was Ix)m from a groundswell ()f support from many leading figures in th¢ ballet and p¢rformance arts worlds, many of
whom have pled&Fed Iheir lime and professional cxpertise.
PUBLIC BENEFIT
The tNsle¢s confinn that they have referred to the guidance conraincd in the c.harity Commission's general giiidance on Public
Benefit whcn reviewinLy Ihe charity's aims and objectives and in planning fllture activities. In particular. the trustees consider
how plann¢d activities will contribute to the aims and objectives they have set.
RLVITr.W Ob THE 2024 Sb;ASOiI'
In ?0?4 NEBI. pcrformcd l ? ball¢ts as part ofiwo mixed programmes, of which three were new commissions. We fornicd a
new rclationship with tlie Alban Arena St Alban5 and I'he Grand Opera House Belfast and performed a¥aift at the Linbury
'I'hcaire as parl of the Next Generation Fcstival and at thc Royal Acad¢my of l)ance.
For the first lime we toured over8eas, havins, been engaged by the French Cultural Minislry to perform a ballei commissioned
by NfBT from a French L,hor¢og?rapher C.onstanl Vigier which we perfomied at the "Senlis Mène La Danse" fesiival in Senlis
and the Orangierie l-healre in Roissy, both close to Paris
We made considerable progress with our plaiis lo tour in Germany, wherL we engaged Munich-based Slagefield Managenient
to organise venues for performanccs in ?0?6.
We received significant granls for the season from the Kathleen Hannay Memorial Charity (£50,000), the Maria Bjomson
Memorial Fund (£?O,000), Cockayne {£15.0001. Ilie Nicholas Rerwin Charitable Trust (£15,1)00) and I'he l.ynne and l.and
Foujidation {£6,500}. Privute donorb Iri)I g¢iicri)us support lor new Lonimissions, notably Richard Cunis, Claude Keith and
Mo fisher, Bonnie Robinson, Pct¢r Shurthousc and Georgina Robbins,
We were particularly gyrateful that 6 ncw Triistecs joined NEB T during the year- Amanda Briiton, Claudia Gorman, Asha
Tanwar, Lynn Wallis, Kerrie Walsh and Lita Young.
Margaret Andraos stepped down as a Triistee after several years of assiduous engagement for which we remain very grdleful.
We were boih sorry and delighted when in June our Company Manager Daniela Cardim joined Ballel.41-i=. ona in Phoenix as
its Artistic Director- a great recognition of her talent and of the success ofher career development through NEBT. She
remains an Associate Choreographer of ihe company and 2 of her ballets were performed dliring 2024. We are pleased Ihat
Emily Bridge has successfully stepped into hcr shoes as c.ompany Manager and Producer.
Finally, a splendid accolade for our Founder and Artislic/LxecutivL Director Karen Pilkington-miksa who was awarded an
honorary MBE for Scrvices to Dance in the Summer Honours List.

THE NEW ENGLISH BALLET THEATRE
REPORT OF TlIE'fRUSTEES (Continued)
FOR THE YEAR ENDED 31 DECEMBFR 2024
REVIEW OF I'HE 2024 SF,ASON (continued)
Perforniance venues..
The Linbury Theaire
The Royal Academy of Dance
Tlie Alban Arena St Albans
Thc Grand Opera House Belfast
Le Manège Ordener, Senlis. France
L'orangerie. Roissy, Fi'ance
Works performed:
'Bai'oque E17¢011111ei's' by Daniela Cardim - set to J.S.Bach
' Wulcher oj'ihe Skie.f ' by Wayn¢ Eagling set to G¢nesis
'I Can'l Dan£'e by Kristen McN&lly - s¢t to Gene815
'Invisible Toiich, by Kristen M¢Nlally - set to CJenesis
'I,ii'lh oJ'l,i]ih' by Valenlinu Zucchelli - sel to Genesis
'A,lad M ()men by Ikrislen McNally - various ¢ompos¢rs
'l.oneJonie Ciiin by Krist¢n McNally - various composers
..l¢ls Of1￿￿11￿110n by Maithew Ball - set to Monteverdi
'lo and I,ro by Matthew Ball - set to Respighi
'/iiio Ihe l.ixhi' by Valentino lucchetti - let to Richard Strauss
'.¥oeiurne by Daneela Cardim scl lo Cl)opin
'Did loii Sieal Aly Ilul., by Constant Vigier- set to Mendelgsohn
2. FINANCIAL SLIPPORT
We were delighied that a number of the Trusts and Foundations renewed or pledgcd their support for us in 2024, notably The
Kaihleeii Hannay Meiiii)rial F Lind. The Maria Bjornson Charitable Fund, Cockayne, The Nicholas Berwin Charitable l-rusl, the
Worshipful Company of Mercer.8, I'he (icorgc Cadbury Memorial Fund, the Sisi and Savila Memorial Fund, The Sir Ldward
Lewis foundation, and The I,ynne and l.and Foundation.
In addition. we received many gLnerous individual philantliropic donation% from both angoing and new supporters, most notably
from Deborah Loeb Brice. Richard C'iinis, Simon and Glenda Weil, Claude Kcith and Mo Fisher, Sue Butcher. Bonnie
Robinson, Peter Shorthousc, Georgina Robbins and Martyn Rose. A number of other donors supported us wilh donations al our
October Special event at the Royal Academy of Dance.
3. FINANCIAL REVIEW
Our total income for the year was £435.] ?6 (2023.. £391,065), th¢ ye&r benefitting from higher amounts receivable from Trusts
and from Theatre Tax Relief claims. F.xpenditure in the year also saw an increase from £357,512 in 2023 to £422,780 in 2024
with Inore ballet perforniances in tl)e year. The Review of the 2U?4 Season on the preceding pages provide more insight of the
key drivers for income 2Lnd expenditure in the year.
4. RESERVES
The total reserves of the charity as at 31 December 2024 stood at £210,685 (2023: £198.339), consisting of £3.450 of restricted
funds and unrestricted general tunds of £207,235.
-I'he intention of thc Board rcmains to have unrc8tricted general funds equal to 4-6 monihs of running costs al all times, which
now amounts to around £150.000-£?10,000 based on 50 /0 of our normalised average annual spend.

THE NEW ENGLISH BALLET THEATRE
REPOKT OF THb "I'RUSTEF.S (Continued)
FOR THE YF.AR EIYDED 31 DECEMBER 2024
5. PLANS) FOR TIIE FUTIIRE
We are now finalising our schedLile for ?025 and ?026.
In February 20?5 we commenced rehearsals for the l.ondon Handel Festival taking place in March ?025 when we will
perforni choreography commissioned by NF.Bl' from Valentino 7.ucchetti to the cantata klpollo e Dafne, and to ihe dances
in the opera The C'hoic¥ ofllei'LiilLJ. There will be 5 performances of these masterpieces by George Frideric Handel in Ihe
theatre in the Shoreditch Town Hall in London, with the music played by live orchestra, choir and soloists.
Oiher perfomiances will be as follows..
l) Performances and Pro
rammln
in20
March 271h 28, and ?9th
London Handel Festival 5 perfom)aiices ai ihe Shoredilch Theatre, London
April 3, _ Performance at Stag Theatre Sevenoaks, Kent - Programm¢ 2 (currently ilpollo e Dafne, Tes'linionie3 of
the linseep7, 13y u I'hi'eucl, ,SIiiNn7ei'.S'ic)rn7 I'as dL, deuxfi'onl I'he I'otii'.Stta.¥()n.s, andALls ¢)f fuulialion)
April 5
Perforn)ance Programine ? al the Watersmeet Tlieatre, Rickinansworth, Het1fordshire
July 16th -?Oih- Newport Dance Festival, USA
SeptLinber througyh December reh¢arsals and pcrforinanccs ofN bBT's "Family friendly" A'ulc'i'acker
OLtober 3 IYI
'I'he Stag I'healre, Sevenoaks Kcnt -N'ul¢'i'aL'kei'
November 1st- Radlelt Centre, Radleti, Hertfordshire NulLI'ac'kei' TBC
NovembL'r 8ih - Campus West, Welwyn CJarden City, Hertfordshire - h'zilc'rac,ker TBC
N'ovember ?8th, 29th - 4 perfomances in Nassau, Bahamas, in the Atlaniis Thealre and other venues'fBC-
,I'iilL'I'UC'kei'
Deccmber 16 and 20 8 perfomiances al the LAMDA Sainsbury Thcalre, Ilammcrsmiih. London - NulL'i'uL.kei'
2) Works. beln
Perfor
d in 202$
I)1￿,￿1V Pl ()i'ks- .Ipf)Ilo Lp Di!liiL' and fhcj ('hoic'¢ of Ilei'ciiles
Clioreo8rapher.' Valentino lu¢Lhciti
Music.. George Frideric Fl4iidel
ii)h'eii, IFoi'kn- lesliMonie.F of Ihe linseen
Choreographer: Valenlino Zlicchetti
Music: Mathias Coppens
iii)heii, Pl ork- By £1 7li1'eud.. Cal)'p.¥o
Choreographer.. Marika Brussel
Music.. Rygn Co¢kerham
ivJ,fLrfiiimei',Sioi'm Pas de DeiLr
Chor¢ographer'. Jenna Lee
Music.. Antonio Vivaldi r¢iinv4gined by Max Richter
i)Ac'l3 af FJuliatio
Choreographer.. Matthew Ball
Music.. Claudio MontL'verdi
vi)The hiil¢i'uc'k"ei'
Choreographers: Marius Petipa and various NEB T choreographers
Music.. Pyotr Ilyich Tchaikovsky

THE NEW ENGLISH BALLET THEATRE
REPORT OF THE TRUSTLES {C.ontinued)
"OR THE YEAR F.IIDED 31 DECE.VIBER 2024
STATEMEiYf OF I'RUSTEES, RESPONSIBILII'IES
Company law requires the Trustecs to preparc financial statements for each financial year which give a truc and fair view or
the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and resources expended
(includiiig income and expenditure) for thal year. In preparing thesc financial statements, Ihe Trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principlcs of the Charities SOKP.
make jud¥ements and estimates Ihat are reasonable and prudent: and
adopt the going Concern basis unless il 15 inappropriate to presume that rhe charitable company will continue on thai
The Trustees arc respoiisible for the keeping of prop¢r accountiiig records which dis¢lose with reasonable accuracy at any lime
the financial position of th¢ chai'itable Lompany and which enable them lo eiisure that the financial stateinents Comply with the
Charilies Act 201 l and Companies Act ?006. They havc general responsibility for taking such slepb a5 are reasonably open lo
them lo safeguard the assets ofthe charitablL Company and to prevent and detocl fraud and other irrcgularitlCS.
'I'he financial statements which lollow have therefore been drawn up to comply with the abovc stalutory requirements, with the
Meinorandum and Articles of Association and Ihc Financial Reportii)g Standard applicable in ihe UK and Rcpublic of Ireland
(FRS 102) {Sccond f.dition effective l January 2019) - Icharilies SORP (F 102).
The Irustees. Report was approved by the Board and signed on their behalf on I iih March 2025 by..
Karen Pilkinglon-miksa MBE
Trusie¢
Julian F litter
'rrustee

INDEPENDENT EXAMINER'S REPORT TO THE TRLISTEES OF
TIIE NEW b iYGLISH BALLET I'IIEATRE
TrOR THF, YEAR ENDLD 31 DF,CEMBER 2024
I report to the charity Irusle¢s on my examination of the ac¢ounts of the charitable company for the ycar ended 31 December
?024.
Responsibilities and basis of report
As the charily's trustees of the charitable company (and also its director5 for the puryoses of company law) you are responsible
for the preparation of the accounts in accordance with the requirements of the Companieg Act ?006 ('the 2006 Act'}.
Having satisfied myself that th¢ accounts of the charitable company are not required lo be audiied under Pan 16 of the 2006
A¢t and al'e eligible for independent examiiialion, I rcport in respect of my exaniiiiation of your charity's accounts as carried
out under section 145 ofthc C'liarities Act 2011 I'the 201 I ALt'). In carrying out my examination I have followed Ihe Direclions
given by the Charity Commi8sion iinder.8¢Clion 145(5) Ib) ot'th¢ ?0 I l A¢t,
Independent examiner's stRtement
Sin¢e the charitablc compaiiy's ¥ross incuine exceeded £?50,000, your examiner must be a member of a body list¢d in section
145 of the 201 l Act. I confirm that l am qualitied to uiiderrake the examination because l am a member ot. the In8lilute of
C.hart¥rcd Account¢ints in EnglÉind and Wales. which is one of the listed bodies.
I have completcd Iny examination. I confirm that no mallers have comc 10 my attention in connection with the examinalion
giving me cause to believe..
ac¢ounting records were noi kepl in respect of the Company as requircd by se¢lion 386 of the ?006 Act; or
the accounis do not accord with those records; or
the accolints do not Luttiply with the accounting requirements of section 396 of thc ?006 Act othcr than any requiremeni
that the ac¢ouiiis give a 'irue and fair viL'w which is not a matter considered 39 part of an independent cxamination. or
the accoui)ts havc not been prepared in accordance with the methods and principles ofthe Staiement of. Recommended
Practice for aLcouiiliiig und reporiiiig by charities Idpplicable to charities preparing their accounts in accordance with
the F inancial Reportingt Standard ￿PplICable in th¢ and Republic of Ireland (FRS 102)].
I have no concerns and have coine across no other matters in connection with the exaniinalion to which attention should be
drnwn in this re
ort in order to enable a proper Underst￿nding of the accounts to be reached.
Olayinka Tomori A('A, DChA
Chartered Accountant
l.on8meade Consult Ltd
The Old Rectory
Springhead Road
Northflect
DAII 811N
I Ith March 2025

THE NEW ENGLISH BALLET THEATRF.
STATEMb;N'f OF FINANCIAL ACTIVITIES
(Ineluding Income & F.xpenditure Account)
bOR THE YEAR ENDED 31 DECLMBF.R 2024
31 Deeember 31 Deeember
2024
2023
Total
TotAI
Unrestricted
Restricted
Notes
(Note l O)
IIYCOMF. from:
Donaiioiis, legacies and grants
?26,64?
226.642
252.856
Charitable activities
?08,484
208,484
138 ?09
Total income
435.126
435,126
391,065
EXPb:NDI'fiiRb. on:
Raising funds
23,867
23,867
6,046
Charitable activities
394,813
4.100
398,913
351,466
Ti)tal expenditure
418,680
4.100
42?.780
357,512
Net incomel{expenditure) find
iyet Movement in Funds
16.446
(4,100)
12,346
33,553
Fund balances brought forward
at l January ?024
190.789
7,550
198.339
164,786
Fund balfinces carried forw4rd
at 31 Deeember 2024
£207,235
£3,450
£?10.685
£198.339
No separate summary income and expenditure account has been prepared because all the required inforniation is given in the
above statment.
All recognised gains and losses in the currenl year are included in the income and expenditure acrount.
All operations are continuing activities.
The accompanying noles form part of these accounts.

THE NEW ENGLISH BALLET THEATRE
COMPANY NUMBER: 7232736
BALANCL SHEET
AS AT 31 DECEMBER 2024
31 December
2024
31 December
2023
CIIRREN'f ASSETS
Debtors
Cash at bank aiid in hand
84.000
131,4?1
145,701
61,394
215,421
CURRENT LIABILITIES
Creditors: amounts falling due
within one y¢ar
?07.095
(4.7361
(8,756)
NET CURRLliT ASSE'I'S
210,685
198.339
TO'I'AL ASSF.I"S
£210,685
£198.339
Represented by:
FIINDS
Unrestricted:
General
Restricted
207,235
3.450
190,789
7,550
£210,685
£198,339
For the year ended 31 fjecembcr ?0?4 Ihe Lompany wa4 entitled to exemption from audit under section 477 of the Companies
Aci ?006 relaiing lo .%niall Lompanies.
Trustees, responsibilities:
The member5 have not required the charitable conipany to obtain an audit of ils accounts for the period in question in
accordance with 8ection 476 of the Con)panies Act 2006.
The trustCC8 acknowledge their responsibilities for complying with the ￿qUire1￿entS of thc Compimies Act with resp¢Lt Io
accounting records and the prcparation of acc()untq.
These accounis have been prepared in accordanee wilh the provisions appli¢abl¢ to small companies subject to the small
¢ompanie8' r¢gime and in a¢¢ordaiice with fRS I O? SORP.
Approved by the Trustees on I I Ili March 2025 and signed on their behalf by
Karen Pilkington-miksa MBE
Trustee
Julian Flitter
Trustee
The aGwmpanyin¥ notcs form part ofihese accounts.

THE NEW ENCLISH BALLET THEATRE
CASH FLOW STATEMEIYT
FOR THE YEAR EIYDED 31 DLCEMBER 2024
31 Deeember
2024
31 December
2023
Net movement in funds (as per the Statement of Financial Activities)
12.346
33,553
Adjustments for
Decrease/(Increa5e) in debtors
([)ecre¢￿e)/Increas¢ in creditors
61,701
14,0?0)
{92.166)
6.414
Net c*¥h provid¢d by operatlng activltle5 &
Change in cAsh and cash equivAlent¥ in year
70.027
152,199)
Cash And cash equivalents at l January 2024
61,394
113,59.3
Cash And cA$h equivAlents At 31 December 2024
£131,421
£61,394
Analysis of ￿$h And cash equiv4lentS
Cash at bank and in hand
£131,421
£61 J94
10

THE NEW ENGLISH BALLET THEATRE
ryOTES'fo THE FINANCIAL STA'I'EMF,NTS
FOR TIIE YEAR ENDED 31 DF,CEIVIBER 2024
ACCOI,'INTING POLICIES
The principal accoiinting policies adopted. judgements and key sources of estimation un¢¢rtainty in the preparation of the
financial statements are &s follows:
Basis of preparation
The financial slatcmenls have been prepared in accordance with Accounting and Rcporting by Charilies: Stalemenl of
Recoiniiiendcd Practic¢ appliLable to charities preparing their accounts in aeeordance with thc b inancial Reporting Siandard
applicable in th¢ L'K and Republic of Ireland 11.'KS 102) {Second Edition etrective l January 2019) - (Charilies SORP {FRS
10?) and the Companies Act 2006.
The New English Ballet Theatre meets the definition of a public benefit entity 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).
Assessment of use Cvoill2 Concern A¥sumption
The Trustees h¢ive asscssed whcther the Ll8C of the going eoncern assumption is appropriate in preparing ihese accounis and
Ihey have Inade this assessment for a ot a p¢riod of one year trom the dale of approvAI of these accounts. ThL Trust¢es of the
charily have concluded thal thcre are no material unLcrtaii)lies related to ev¢i)Is (?r conditions that may ¢asl siginificani doubt on
the ability of the charity to continue as a Lyoing concern. 'fhe I'ru51ce8 are of thc opinioi) that the charily will have sufficient
resourLes t() meet ils liabilities as Ihey fall due.
Income
Income is recogi)ised when the charily has entitlement to the funds. any perfomiance conditions attached to ihe item(s) of
income have been met, it is probable that ihe income will be received and the amount can be measured reliably.
Incoine from g()vernmenl and other grants is recognised wh¢n the charity has eniiilemeni to ihe funds. any performance
conditions alla¢hed lo th¢ bFrants have becn mct, it is probablc that the in¢ome will be receivLd and the amount Lan be measured
reliably and is not defcrred.
Income receivcd in advance of a Ihealrilal performance or provision of other.specified service it is def¢￿ed until the criteria for
income recognition are met.
Donated services and fAeilittes
Donated professional services and donated facilities are reeognised as incoine when the Charity hh8 control over the ilcm, any
conditions associated with th¢ donated itein hAve been mel, the receipt of economic bcnefit from ihe use by Ihe charity of Ihe
ilem 1.4 probable and that ecoiioinic ben¢lit can b¢ mcasurcd rcliably. In a¢¢ordance wilh the C."harilies SORP IF'IiS 102). the
general voluntier tiine of Ihl Friends is not recognised and refer to the trusl¢es' annual report for more inforniaiion about their
coiitribution.
On receipt, donated profc5sional services and donated facilities are recogniscd on the basis of the value of the gift lo the charily
which is tlie amounl the charity would have bc¢ii willing lo pay to obtain services or facilities of equivalenl economic benefit
on the open market. a corresponding amount is then recognised in expenditure in the period of re¢eipt.
Interest receivable
Interest on tunds held on deposit is included when receivable and the amount can be measured reliably by the charily; this is
normally upon notification of the intLrest paid or payable by the Bank.
Fund accounting
Unrcstricted funds arc available to spend on activities that further any of the purposes of ¢harity. Designated funds are
unrestricled funds of the charity whi¢h the trustees have decided, at their discretion, to set aside to use for a specific purpuse.
Restricted funds arc donations which the donor has specified are to bc solely used for particular areas of thc charily's work or
for specific artistic projects bcing undcrtaken by the charity.

THE NEW ENGLISH BALLET THEATRE
NOTES TO THE FINANCIAL STATEMF.N'I'S (eontinued)
FOR THL YEAR ENDED 31 DLCEMBER 2024
ACCOUNTING POLICIES (continued)
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that
settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the
following activity headings:
Cosis of raising funds comprise the costs asgociated with attracting income and the costs of trading for fundraising
purposes
Expenditure on charitable activities includes the costs of perforniances, exhibitions and other educational activities
ndertaken to further the purposes of th¢ charity and their associated support costs.
Other expenditure reprcsents those items not falling into any other heading.
Irrecoverable V AT is charg¥d as a cost against the activity for which the expenditure was incurred.
Allocation of support costs
Supw)rt Losls relate to those functions that assist the work of the charity but do noi direLtly relate lo particul&ir charitable
activilics. Support costs iiiclude back-ullice costs. financ¢, persoiinel, payroll and governance costs which support the charity's
artistic programmes and aclivities.
These costs are allo¢ated between ¢05t of raising funds and expcnditurc on charilable activitics based on esliniated usage.
Pension Cuntrihutions
The charily makes contributions into a deliiied contribution pension scheme for slaff. Contributions are shown in the Ststement
of Financial Activities as tl)ey beLomc due.
Debtors
Tradc and other debtors are recognised at the settlement amount due after any trade discount offcred. Prepayments are valued
al the amount prepaid ncl of any tr(Ide disiounts due.
Cash At bank And in hAnd
Cash al bank and Lash in hand includes e¢l8h and short temi liiLyhly liquid investments with a short maturily of three months or
l¢ss from Ilie date of acquisition or openinbT C)rthe deposit or Similar account.
Creditors and provi$ions
Creditors and provisions are recogJnised where the charity has a present obligation resulting from a past event that will probably
result in the Iransf¢r of funds lo a third party and the amount due to settle the obligation can be measured or eslimated reliably.
Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounls due.
Financial instruments
The charity only has financial asscls and financial liabilities of a kind that qualify as basic financial instrumenls. Basic financial
insirumeiits are initially rLcosJllised at transaction value and subsequently Ineasured at their settlement value with the exception
of bank loans which are subsequenily measured al amortised cost using the effective interest method.
Legal 8tatus of the charity
The Charity is a conipany limited by guarantee and has no share capital. In the evciit of the charity being wound up. the
liability in respecl of the guarantcc is liniited to £1 per mcmber of thc charily.
12

THE NEW ENGLISH BALLET THEATRF
NOTES TO TIIE FINAP4CIAL S"E'ATEMEN'I'S (euntinued)
FOR THE YEAR ENDED 31 DLCF.MBER 2024
DONATIOISS. LEGACIES AND GRAN'I'S
31 December
2024
Total
31 December
2023
Total
Unrestricted
Restricted
Trusts & Foundations
Special F.vcnts
Oih¢r chai'itable donations {including Gift Aid)
1 ?5,770
125,770
40,138
60.734
200,500
11,216
41.140
60,734
£??6,64?
£226,64?
£252,856
Period ended .3 l D¢¢einber 2023
£25? 856
£?52,856
INCOME FROM CHARITABLTr: AC.'I'IVI'I'IES
31 December
2024
TotAI
31 December
2(b23
Unrestrieted
R¢stricted
Tieket sales
Performance fees
Special b.vents - T'ilket sales
Special Events - Auction inconie
Theatre Tux Relief
12,?20
39,778
6,14?
500
149,844
1 ?,2?0
39.778
6.14?
500
149,844
2,631
24,578
111,000
£?08,484
£208,484
£138.209
Breakdown.. period ended 31 D¢cembcr 2023..
£138,?09
£138.209
13

THE NEW ENGI.ISH BALLET THEATRE
NOTES TO THE FINANCIAL STATEMENTS (eontinued)
'OR TIIE YEAR ENDF,D 31 DECEMBER 2024
ANALYSIS OF EXPTr:NDITURE
31 December
2024
31 Deeember
2023
Unrestricted
Restricted
Raising funds:
Fundraising costs
Gala and Special Events Costs
2,632
2,632
2,707
3.339
Total -. Raising funds
?3,867
23,867
6,046
Charitable xctivities:
Promotion
Production Costs
Ai1ists' fees
Oulreach & PertonnanLe
Administration and support costs
Governance costs
10,567
213.743
144,3155
7.05?
17,466
1,600
10,567
?13,743
144,385
7,052
21,566
I,CiOO
9,792
193.306
1 ?6,?96
6,069
14.453
1,550
4,100
Total -. Charitable activities
394,813
4,100
398,913
351,466
TotAI expenditure for the yegr
£418,680
£4,100
£42? 780
£357.512
Total expenditure- 31 Dccember 2023
£351,062
£6.450
£357,512
Included in Artists, fees abuve are slaff costs of £1 ?9,2?6 {?023.. £108,009). see Note 4 below.
31 December
2024
31 December
2023
Included in expenditure are..
ces paid to IndepLndenl Examiner lin
Govcmancc costs)..
Indcpendciit Examination
Accountaney services
1,100
500
1,100
450
£1,600
£1,550
SI'AFF COSTS AND NUMBFRS
31 December
2024
Total
31 December
2023
"rotal
Staff costs during the year were as follows..
Wages and salaries
Social security costs
Other pension costs
50,016
1.413
1.300
43,231
4,711
1,098
52,729
49.040
Consultanis
76,497
58,969
£129,??6
£108.009
14

THE NEW ENGLISH BALLET THEATRE
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
STAFF C.OSTS AIYD NIJMBERS (CONI'IIYUED)
The average number of employees in the year was..
31 December 31 December
2024
2023
No.
Artistic director
No12023: Nil) eniployee received emoluments exceeding £60,000 in the year.
The key management personnel of the charity, in charge of directing, controlling and operating the charity, on a day-
to-day basis, comprise the trustees. in particular, Ihe Artistic Director. Apart froni Ihc salary of ihe Artistic Director
{see Note 5 below), the tNstees receive no r¢muneration.
TRU&•TEE REMIIiYLRA'fioN & RELATED PARI'Y TRAYSACTIONS
In aLLurdaiicc with the Memorandum & Articles of AssoLiatioii, the Trustees are allowed to enter into a contracl with
tlie Lharity for the supply ()f pi'uf¢5sional 5crvices on an arms-lengih basis..
31 December
2024
31 December
2023
Karen Pilkington-miksa
Remuneration as Artistic r)ireclor
£52,7?9
£49,040
Jan Pilkingiton-miksa (spouse of a trustee)
Fees paid for admini8lraliwc work
£11,18?
£7,017
Julian fiilter is a partner al Goodman Jone5 LLP, Chartered accouniants
For payroll services
£480
£790
No expenses inciirred on bLhalf of thc charity werc reimbursed lo any Irustee for
phone. travel and subsisteiice (31 Deceiiibcr ?0?3: none)
All of the above are included in Administration and Support costs.
Donations from trustees and their rclated parties in the year was £ I,OQO (2023.. £nil).
DF.BTORS
31 December
2024
31 December
2023
VAT recoverable
Other debtors
2,124
143,577
84,000
£84,000
£145.701
Other debtors in the current year are Theatre Tax Relicf claims receivablc. The prior year relates to Theatre Tax
Relief clain)s, grants rcccivable and events.
15

THE NEW EIYGLISH BALLET THEATRE
NOTES'I'O THF. FINANCIAL STA'I'LMENTS (continued)
FOR THE YEAR ENDLD 31 DECFMBER 2024
CREDITORS
31 December
2024
31 December
2023
Other taxes and Social Security
Other creditors
Accruals and deferred income
2.434
702
1,600
1,012
5.059
2,685
£4,736
£8,756
RFSTRICTED FIINDS
Year ended 31 Deiember 2024
Balance at
start vf year
Balince at
end of year
Income
Expendilure
Business Development Fund
7.550
(4.100)
3.450
£7,550
£(4,100}
£3,450
Thc Business Devclopmenl F und Consists of a grant from the Linbury Trusl. to assist the charily in reviewin&y its opiions
for business planning. fundraising aiid governance.
Year ended 31 December 2023 {¢ompArative)
Balanee at
start of year
BAlanee at
end of year
Ineome
Expenditure
Fundingi foi. performanLe.8
Business DevelopmLnt Fund
4,000
i 0,000
(4,0001
(2,4501
7,550
£14,000
£(6,450)
£7,550
The Funding for Performance.8 Funds consists of grants to support ¢xpenses relaled lo the produciion of ballets,
in¢ludifig choreog?rapher. musicianj und dc5igiicr5' fees, making aiid maierials of sets. props and cosiumes, and crew
costs.
The above resti'i¢ted funds in the year ended 31 Deceniber 2024 and in ihe prior period were held entirely in ¢ash at the
year-end.
16

THE NEW ENGLISH BALLET THEATRE
NOTES TO THE FINAINCIAL STATLVIEryTS (continued)
FOR TIIE YEAR LNDED 31 DECEIMJIER 2024
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Funds
Restricted
"unds
Total
Current assets
cU￿ent liabilities
211,971
(4,736)
3.450
215,421
{4,736)
£?07.235
£3,450
£?10,685
31 Deeember 2023 (compArative)
Unre5trieted
unds
Restrleted
'unds
Tolal
Current assets
(.'urrent liubilities
199,545
(8,756)
7.550
207.095
(8.756)
£190,789
£7,550
£198.339
10. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITILS- PRIOR PFRIOD
31 Deeomber
2023
Total
Unrestricted
Re$trieted
INC.OMF. from:
Donations, legacies and grants
?52.856
252,856
Charitable activities
138,209
138,209
Total ineome
391,065
391.065
EXPEYDI'I'URL on:
Raisiiig funds
6,046
6,046
Charitable activities
345,016
6,450
351.466
Total expenditure
351,06?
6,450
357,512
et income/(expenditure) and Movement in Funds
40.003
(6,450)
33,553
Fund balances brought forward
ai l January 20?3
150,786
14.000
164,786
Fund balances carried forward
At 31 DeceJnber 2023
£190,789
£7,550
£198,)39
17