| Page | |||
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| Trustees' and |
charity | information | |
| Trustees' report |
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| Independent | auditors' | report | |
| Statement of | financial | activities | 13 |
| Balance sheet | 14 | ||
| Statement of | cash flows | 15 | |
| Notes to the financial | statements | 16 |
| Trustees | Carlos Acosta Quesada | Carlos Acosta Quesada | Carlos Acosta Quesada | (appointed | 15May 2022) | ||||
|---|---|---|---|---|---|---|---|---|---|
| David Caswell | |||||||||
| Robert Davage | |||||||||
| Rupert Rohan | |||||||||
| Andrew Skipwith |
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| Company | secretary | Robert Davage | |||||||
| Registered | office | Aberdeen House |
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| South Road | |||||||||
| Haywards Heath |
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| West Sussex | |||||||||
| RH16 4NG | |||||||||
| Company | registration | number | 07495610 | ||||||
| Charity registration | number | 1142368 | |||||||
| Independent | auditor | Saffery Champness | LLP | ||||||
| 71Queen Victoria Street | |||||||||
| London | |||||||||
| EC4V 4BE | |||||||||
| Solicitors | Rohan Solicitors | LLP | |||||||
| Aberdeen House |
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| South Road | |||||||||
| Haywards Heath |
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| West Sussex | |||||||||
| RH16 4NG | |||||||||
| Bankers | Lloyds Bank | ||||||||
| 99-101South Road | |||||||||
| Haywards Heath |
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| West Sussex | |||||||||
| RH16 4ND |
| Year ended 31August 2021 | Year ended 31August 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | 2020 | ||
| Funds | Funds | Funds | Total | ||
| Note | f | f | f | f | |
| Income and endowments | from | ||||
| Grants and donations | 105,753 | 36,335 | 142,088 | 566,556 | |
| Investment income |
25 | ||||
| Total income | 105,753 | 36,335 | 142,088 | 566,581 | |
| Expenditure on |
|||||
| Fund raising | 6,237 | 3,778 | 10,015 | 13,785 | |
| Charitable activities |
92,905 | 193,263 | 286,168 | 747,769 | |
| Total expenditure | 99,142 | 197,041 | 296,183 | 761,554 | |
| Net (expenditure)/income | 6,611 | (160,706) | (154,095) | (194,973) | |
| Transfer between funds |
|||||
| Net movement in funds |
6,611 | (160,706) | (154,095) | (194,973) | |
| Funds brought forward |
97,809 | 583,748 | 681,557 | 876,530 | |
| Funds carried forward | 104,420 | 423,042 | 527,462 | 681,557 |
| 31August 2021 | 31August 2020 | ||||
|---|---|---|---|---|---|
| Notes | f | f | |||
| Fixed assets | 9 | 98,170 | 275,727 | ||
| Current assets | |||||
| Cash at bank | 458,032 | 436,290 | |||
| 458,032 | 436,290 | ||||
| Creditors: Amounts | falling due within one year | 10 | (28,740) | (30,460) | |
| Net current | assets | 429,292 | 405,830 | ||
| Net assets | 527,462 | 681,557 | |||
| Represented | by: | ||||
| Restricted funds | 423,042 | 583,748 | |||
| Unrestricted | funds | 104,420 | 97,809 | ||
| Total funds | 12 | 527,462 | 681,557 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Cash flows from operating | activities | (see below) | 21,742 | 57,097 | ||
| Cash flows from investing | activities | |||||
| Interest received | 25 | |||||
| 25 | ||||||
| Cash flows from financing | activities | |||||
| Change in cash and cash equivalents |
21,742 | 57,122 | ||||
| Cash and cash equivalents | at the beginning | of | 436,290 | 379,168 | ||
| the reporting period |
||||||
| Cash and cash equivalents reporting period |
at the end ofthe | 458,032 | 436,290 | |||
| Reconciliation ofnet income/(expenditure) |
to net | cash flow from | operating | activities | ||
| 2021 | 2020 | |||||
| Net (expenditure)/income | (154,095) | (194,974) | ||||
| Adjustments for: |
||||||
| Depreciation | 177,557 | 182,847 | ||||
| Interest received | (25) | |||||
| Decrease/ (increase) in debtors |
47,536 | |||||
| (Increase)/ decrease in creditors |
(1,720) | 21,713 | ||||
| Net cash provided by/(used |
in) operating | activities | 21,742 | 57,097 |
| Current year | Current year | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|
| 2021 | 2021 | 2021 | |||
| f | E | E | |||
| Donations | from individuals, | 100,753 | 100,753 | ||
| including | gift | aid income | |||
| Donations | from organisations | 5,000 | 36,335 | 41,335 | |
| 105,753 | 36,335 | 142,088 | |||
| Comparative | year | Unrestricted | Restricted | Total | |
| 2020 | 2020 | 2020 | |||
| f | f | E | |||
| Donations | from individuals, | ||||
| including | gift | aid income | 13,614 | 195,000 | 208,614 |
| Donations | from organisations | 357,942 | 357,942 | ||
| 13,614 | 552,942 | 566,556 |
| 2021 | 2020 | |
|---|---|---|
| f | E | |
| Consultancy | 8,138 | 11,089 |
| Travel | 31 | |
| Support costs (note 5) | 1,877 | 2,665 |
| 10,015 | 13,785 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| f | f | ||||
| Grant to Acosta Danza | 357,942 | ||||
| Consultancy | 22,194 | 35,948 | |||
| Other fees | 46,076 | 53,347 | |||
| Equipment costs |
4,032 | 5,477 | |||
| Student costs | 10,468 | 40,283 | |||
| Costumes and uniforms |
3,072 | 15,719 | |||
| Other running | costs | 5,580 | 32,226 | ||
| Student production |
costs | 298 | |||
| Depreciation | ofequipment | 966 | |||
| Depreciation | offixtures | and fittings | 79,390 | 83,711 | |
| Depreciation | of buildings | 98,167 | 98,169 | ||
| Support costs | (note | 5) | 16,891 | 23,981 | |
| 286,168 | 747,769 | ||||
| Support costs | |||||
| 2021 | 2020 | ||||
| f | E | ||||
| Trustees fees | (note | 8) | 6,200 | 12,200 | |
| Printing, postage and stationery |
81 | 86 | |||
| Bank charges | 263 | 399 | |||
| Insura nce | 1,196 | 2,319 | |||
| 7,740 | 15,004 | ||||
| Governance costs: |
|||||
| Legal and professional | fees | 228 | 241 | ||
| Accountancy | and audit | 10,800 | 11,400 | ||
| 18,768 | 26,645 |
| Net income/(expenditure) | Net income/(expenditure) | is stated after charging: | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| f | f | |||
| Depreciation | 177,557 | 182,846 | ||
| Auditors' | remuneration: | |||
| For the current | year audit | 9,300 | 6,900 | |
| For accountancy | services | 1,500 | 1,500 | |
| For other services | 3,000 |
| Building | Fixtures and | |||
|---|---|---|---|---|
| improvements f |
fittings f |
Equipment f |
Total f |
|
| Cost | ||||
| At 31August 2020 | 490,843 | 354,839 | 10,185 | 855,867 |
| Additions | ||||
| At 31August 2021 | 490,843 | 354,839 | 10,185 | 855,867 |
| Depreciation | ||||
| At 31August 2020 | 294,506 | 275,449 | 10,185 | 580,140 |
| Charge for the year | 98,167 | 79,390 | 177,557 | |
| At 31August 2021 | 392,673 | 354,839 | 10,185 | 757,697 |
| Net book value | ||||
| At 31August 2021 | 98,170 | 98,170 | ||
| At 31August 2020 | 196,337 | 79,390 | 275,727 |
| 2021 | 2020 | |
|---|---|---|
| f | f | |
| Accruals | 28,740 | 30,460 |
| 28,740 | 30,460 |
| 11. | Movement in funds |
|||||
|---|---|---|---|---|---|---|
| Current year | Balance | Income | Expenditure | Transfers | Balance | |
| brought | carried | |||||
| forward | forward | |||||
| Restricted funds | ||||||
| Building and | ||||||
| accommodation | 196,336 | (98,169) | 98,167 | |||
| fund | ||||||
| Oak Foundation equipment fund |
107,881 | (44,886) | 62,995 | |||
| Acosta-Jebsen Scholarship fund |
279,531 | (53,986) | 225,545 | |||
| Jorge Perez Foundation |
36,335 | 36,335 | ||||
| Acosta Danza fund | ||||||
| 583,748 | 36,335 | (197,041) | 423,042 | |||
| Unrestricted funds |
105,753 | (99,142) | 104,420 | |||
| Tota I funds | 681,557 | 142,088 | (296,183) | 527,462 | ||
| Comparative year |
Balance | Income | Expenditure | Transfers | Balance | |
| brought | carried | |||||
| forward | forward | |||||
| Restricted funds | ||||||
| Building and | ||||||
| accommodation | 294,505 | (98,169) | 196,336 | |||
| fund | ||||||
| Oak Foundation equipment fund |
176,047 | (68,166) | 107,881 | |||
| Acosta-Jebsen Scholarship fund |
214,727 | 195,000 | (130,196) | 279,531 | ||
| Acosta Danza fund | 357,942 | (357,942) | ||||
| 685,279 | 552,942 | 654,473 | 583,748 | |||
| Unrestricted funds |
191251 | 13,639 | (107,081) | 97,809 | ||
| Total funds | 876,530 | 566,581 | 761,554 | 681,557 |
| Current year | Unrestricted | Restricted | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | ||
| f | f | f | ||
| Fixed assets | 98,170 | 98,170 | ||
| Net current assets | 104,420 | 324,872 | 429,292 | |
| 104,420 | 423,042 | 527,462 | ||
| Comparative | year | Unrestricted | Restricted | Total |
| Funds | Funds | Funds | ||
| f | f | f | ||
| Fixed assets | 79,390 | 196,337 | 275,727 | |
| Net current assets | 18,419 | 387,411 | 405,830 | |
| 97,809 | 583,748 | 681,557 |
| omparative SOFA |
|||
|---|---|---|---|
| Year ended 31August 2020 | |||
| Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | |
| f | f | f | |
| Income and endowments | |||
| Grants and donations | 13,614 | 552,942 | 566,556 |
| Investment income |
25 | 25 | |
| Total income | 13,639 | 552,942 | 566,581 |
| Expenditure on |
|||
| Fund raising | 4,836 | 8,949 | 13,785 |
| Charitable activities |
102,245 | 645,542 | 747,769 |
| Total expenditure | 107,081 | 654,473 | 761,554 |
| Net income/(expenditure) | (93,442) | (101,531) | (194,973) |
| Transfer between funds |
|||
| Net movement in funds |
(93,442) | (101,531) | (194,973) |
| Funds brought forward |
191,251 | 685,279 | 876,530 |
| Funds carried forward | 97,809 | 583,748 | 681,557 |