##
##
||||Page|
|---|---|---|---|
|Trustees'
and|charity|information||
|Trustees'
report||||
|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|||||
|Company|secretary||||Robert Davage|||||
|Registered||office|||Aberdeen
House|||||
||||||South Road|||||
||||||Haywards
Heath|||||
||||||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|||||
||||||South Road|||||
||||||Haywards
Heath|||||
||||||West Sussex|||||
||||||RH16 4NG|||||
|Bankers|||||Lloyds Bank|||||
||||||99-101South Road|||||
||||||Haywards
Heath|||||
||||||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|