REGISTERED COMPANY NUMBER: 07647089 IEn%lAnd and Wales) REGISTEREDCHAIIITY NUMBER.. 1143433 Report of the Trnstees and Fin#nei#l Statements for the Year Ended 315¢ March 2024 ror The Frederick Ashton Foundatio Sheen Stickland Chartered Accountants 7 East Pallani Chichester West Sussex P019 ITR The Frederick Ashton Foundation Contcnts of the Fi118ncial Statement for the Ycar Ended 315t March 2n24 Page Report of the Tru.$tees Independent Examiner's Rewrt Statement of Fina￿¢1￿1 Aeiivities Balance Sheel 10 to 11 Trlotes to th¢ FiNaneial Statements 12 to 17 Detailed StatemtNt of Finanelal Activitios The Fredtriek Ashton FouDd8lion Report of the Trustees for the Yethr F.nded 3151 March 2024 The tru51ees who are also directors of the charity lor the purkN)ses of the Companies Act 2006, p￿se￿I iheir report with ie financial slatetnenis of the charity lor the year ended 3 1st March 2024. Tr tr￿slee$ have adoptcd Ilie provisions of Accouniing and fieporting by Charities.. Statement of Recommended Prnctice applicable 10 charit1¢5 preparing ihEir accounts in accordance ivith the Financial Rq￿rtirtg Sthndard applicable in the UK athd Republic of Ireland {FRS 102} (effective l January 2019}. OBJEcfivF.S AND ACTIVITILS Objectives and &im5 Th¢ objects ofihe Foiindation are to utili5e the legacy of the disiinguishcd English choTeographer. Ihe late Sir Frederick Ashioii, to advance Ihe education of the public in and Ihe appreciation and performantr of the art of ballei and its allied aTls in the United Kingdom and throiighout the worltL and for the public benefit to PUT￿lle a broad range of activities and programmes, including ballet reconstructions and revivals, publicaiK)ns. and lectures and videos. and w promote reseairh in all aspects of ihe subject and to publish the useful results. Public Benefit The irustees have noted the principles of Piiblic B¢nefit, ls defined by the Charity Comtni55ion, and having regard to the Charity Commission's guidance. confirn) that Ihe FT*tck Ashton Foundation meets the requirements of Publi¢ Benefit. Page I The Frederick Ashton Foundation Report of the Trustees for the Y¢#r Ei nded 31st March 2024 ACHIEVEMENT AND PERFORMANCE Charit#ble 9Ctiviti¢5 2023-24 has been a busy year for the FrEderick Ashton Foundation, &$ a ￿sUIt of significant supw)rt provided by CAF America on behallof th¢ generous e5tale of Barbara Schlain, a long-titne supw)rter of thc foundation and its WOTk. As rAn be seen below. this has ¢nabled ihe Foundation to expand its r￿h and increase activitj¢5 in a number of diffcrcni way5. Resources In ord¢r to deliver increased aclivilies, the Foundation has been able to engage on a part-time basis an Artistic Producer, Artisti¢ A55ociare. Communications Manager. Administrator & kvents Officer and Financial Consultant in Hddiiion to the p￿-time Executive DirectOT. Mmnagement ofthe Ashton catalogue The Foundation Owns the copyright of, and therefore manages tK)th artisiically and financially the licencing for perfomiances of, Les Patineurs, Les Rendezvous and Daphnis and Chloc. It also acts on behalf of die riglitsholdors of EniL)ma Varialion5, Monotones and Ondine. With the sad death in January 2024 of Anthony Russell-Robcn5, Sir Frederick A5hton'5 nephew and residual legatee of his balleis {and a fomier Trustee and Patron of the Foundation). lonb*_Standing arrangeinents have been implemented ivhich mean that the FouJKla(ion now acis as ageni on behalf of the ES￿le of Anthony Rus5ell-Roberts in managing the many balleis and diverti55efflents p￿VIouSlY in his caro. Thu8 the Foundation now manage5 all the Ashton cathlogue bar seven ballets Still managed b> the rightsholdeTS. Ashton ballers are regFularly performed around the world and this iMp)rt￿l aspect of the Foundaiion's operdiion is becoming increasing)ly time-consuming. Sh#dosvin% scheme An expansion of the Foundation's schem¢ to trdin up the Ashion repetiteuTS of the fumre has resulted in a further participating tTainee repetiteur, currently sttidying Benesh International's online n(rtaiion reading course. The Foundation was proud thELt Ashton Repctiteur Vanessa Palmer. a prfyjuct of the 5hidowing scheme. was invited by Ihe ROY￿1[ Ballet to stag7¢ their new production of Lcs Rende7vous as pan of an Ashton Celebra(ed season at the Royal Q)¢ra Holtse in June 2024 and thai Ashwn Repeliieur Isa￿1 Mcmeekan. also a Product of the schem< was invited by Biigjlish National Ballet School to stage Les Patin¢ur5 for the School's graduation perforniances in July 2024. Ashton Rediseovered mastertla5ses gnd other events 'lkne foundation has delivcred Nvo additional rnLStC￿1asSes. one in Oxfort one in Birmingliam {for the second time}, in addition lo the usual two cvents held ai the Royal Ballet Schwl in the autumn aTid spring. It is hoped 10 further expand thi5 Series of masterclasses. Also, for the first time, the Foiindation presented an evellt at the Royal Academy ofDanLe d enLFa¥Ted wilh the London Ballet Circle to PTeseni an evenL AT AP projeet In a new initiative, the foundation, in a pIoneer￿ng partnership with the Royal Ballet School's AtrIliate Tratningb and Assessin¢nt Programme (ATAP), is bringing Ashion reperiore ￿ life fw the next generation of younL danL¢r5 in a progrn Report of the Trusiecs ror th¢ Yt#r F.nded 31st March 2024 Ashton Worldwide 2024 - 2028 Much of the year was focused on setting up and launching a new w0je￿, Ashton Worldwide 2024 2028. the FoLindation's internaiion1I I festival to celebrdte the WOTk and legacy of Fredorick Ashton. Book-ended by the 120th aRniversciry of fredcrick Ashton'.￿ birth in 2024 and the 40ih anniversary of his deèth in 2028. the fesiival aims io liighlighl the iinivcrsal appeal of Ashton's ballets across the globe. fos(er the sprcod and influence of his leLFacy and encoiirage companies worldwide to perform Ashion iVOTks, whether as Tevivals OT foT the fiTSI time. To date, twenty-four internaiional companies hav¢ agreed to participate, coming frorn around thc world, including fm Australia, Canada. South America. F.urope. Japan. South Africa, New Zealand and the USA as wcll the UK. The festival was launched during the Royal Ballcvs Ashton Celebrat￿ s¢ason a( the Royal Opera Hous¢ duTiT)bF Jun¢ 2024. A$ht(Jn ApprA15cd Another new F'oilndic tion project currently being deyeloped will see the yoduction of several short film5 in which ihe infliiencc of Frederick Ashton on current day choreogrdpheTS is explorcd. Ninette de Valois Choreographie Programme Following representations from the Foundation. the Royal Ballei Sch¢)ol for ihe firsi time introduced a clioreograpliic event namcd aft¢T the Founder of ihe Royal Ballec - namely. the Fredcri¢k Ashton Emerging choreograph￿.. This eveni Is one of Ihrce cvcnts ¢ornprising the School's annual Ninette de Valois Choreob'raphic Programme. the others being the Kenneth Macmillan Emerging Chor¢ographer and the Ursula Moreton ETherguig¥ Choreographer. Royal Ilallet S¢h¢M>I and F.Imhurst Ballet Sehool 'lThe foundation continue5 10 support the choreogrnphic progrdmme of the Royal Ballei School (Upper School and White Lodge). the feeder school for the Royal Bc111ec. and for the fiTsI IiTf]e &T4ive SUPEM)rt 10 the choreo&7raphi¢ Programme of Elmhursl Ballet School, which works in a&sociation with BimiinghÈm Royal Ballet. Frederick Ashton Foiindation tyents durlng 2023-24 15 May 2023= rhe Foundation-¢ommissioned film directed by Lynne Wake, Frederick Ash(on'. Links in tlie Chain. wlls shown at the Royal Academy of Dance. followed by a Q&A led by the Foundaiion's Execulive Director Chrisioph¢r Nourgc with Royc11 Ballet Principals Ftancesca Hayward and Vadim Munts&yiTOV, and Foundaiion Trnstee Lynn Wallis. all of whom feature in the film. 19 June 2023.. Frederick Ashton Lecture. given in aS$￿tatIon with the Wa]iace Collecuon. Speaker.. Dame Marina Warncr. 15 Octobcr 2023.. Ash(on Redi5covercd mdsierclass. preseiited ai the Royal Ballet Upper Schg01, when Anthony Dowell coaclied Royal Ballet First Soloist Melissa Hamilion and Royal Ballet Principal Reece Clarke in Asliton's Awakening pas de d¢iix from The Sleeping Beauty- 18 FebNary 2024= Ashion Rediscovered M&%￿r¢las￿ Presented at the Royal Ballet Upper School, when Anthony Dowell coached Royal Ballet Soloist Sae Maeda and Royal Ball¢t First Soloist Leo Dixon in Ashton's Thals pas de deiix. 24 April 2024.. A%hton RediscoveTed masi¢rclass presenied in association with thnsox al St Hilda'5 Colleg¢, Oxford when Royal Ballet rcpctiteur Helen Crawford coached Royal Ballet Soloist Romany Pajdak in Ashton's rtve Bralims Wic Itzes in the manner of Isadord Duncan. A screening of Frederick Ashl￿.. Links in the Chain followed. 30 April 2024.. Ashion Rediscovered masiercla5S p￿senIed in association with Bimiikgiham Royal Ballet and Elmhiirsi Ballet School ai Elmhiirsi Ballet School when Sandra Madgwick and Carlos Acosta. DiTector of Birming>liam Rvyal BallcL ¢(iached BRB Principals Bea(rice PaTmd and Max Maslen in solos and the wedding pas de deux from Ashton's l.a Fillc mal gardée. 29 May 2024.- A 'Special Frederick Ashton Event, presented in a550ciation with the London Ballet Ciicle ai th¢ Royal Ballci Upper School. A screeningy of Frederick A5hton'. Link5 in the Chain was followed by int¢rvi¢w5 Wjth laiii Webb nd MclTgaTCt Barbieri, respectively Director and Assi51ant Director ofthe Sarasoth Ballel, USA. pi'ioi. Lo the Con]pany's visit to tlie ROH Linbury Theatre a5 part of tlie Royal Ballel'5 Ashton Celebrated season in June 2024. Page 3 The Frederick A8hton Foundation Report of the Trvstee5 lor the Yegr Ended 31st March 2Q24 10 June 2024.. l¢iiinch icl the Royal Opera Ilous¢ during the Royal Ball&s Ashton Celebrated season of Ashton Worldwide 2024-2028. the Foundation's International festival celebrating the WOTk and legacy of Frtderick Ashtot) 1¢ Foundation'5 rnueh-incrca5ed actiwties have beeTt made possible principally by signifiunt financial sUp￿rt fmm CAF America with funds provided by the F.siate of the late BArdbarn Schlain. an American lover of cla8Eic81 ballet and devoted admirer of F'r¢deri¢k Ashton's works who Sadly di¢d in 2021. In addition to acknowledgiing our 5in¢erest grntitude to Barbara for her great generosiry. l also thank CAF Ameri¢a for their gwenerous and helpful managemeni of thc transfer to the Foundation gf these fvnds. l a150 acknowledge, for the rWrt￿nth year Ivnning, the onnual support given 10 the Foundation by l.ind5ay and Sardh "l omlinson, Who￿ g¢ner05ity has extended well beyond the call of duty. Their 2024 donation marks their last contribution in support of our a¢tivilies, and it is no exaggerntion to say ihar without iheir sieadfast suppon ihough ihe years. the Foundation would not l* where it is ￿day. We owe thein a huge debt of gratitude. The Rick Mather David Scrase Foundation has also a significant supporter of our aciiviiies. helping to fllnd the Foundation's shadowing scheme ro trnin the Ashion re￿tit¢￿rS of the fuiure. as have many other d(bnors and supix)rters. On ￿half of ihe Foundatiov, I thank them all. Finally. l am also pleased io record ilie Foundsforniation of the fornier lliformal group of Ashton b&llet iighis holders. the Ashion TrnsL into the current charitable Foundation and, whilst working closely with the Board ot Trusiee5. for his ima&Fination and lead¢rship in the s¢ttinuT up, development and reall￿tiOn of the Frcdcrick Ashton Foundaiion and its projKlS'. J and th¢ Founddtion also owe ChTlStopher hu&ye thaTrk5 for his last, and perhaps most enduring. contribution - hi5 Sustained enc(￿ragement ofthe wonderful support ¢llnEntly being provided to the Foundation by the la￿ BaTbaTa Schlain. It is with lieortleli gralilude that l echo wid record all rhese comments, addingi my own petsonal thanks to Clttlstopher for all he has done in making my vision of an organisation devoted to the choreobiraphic legacy olthe Founder Chor¢ographer of the Royal Ballet becoin¢ a Teality. It would not have hap￿￿ed without him. l am delighted 10 re￿rt thai Sarah Elio(-Cohen. who joined the Board of Trustees in March. is 10 be Clirislophews sllccessoT as Execuiive Director. She will resigin as a Truslee and take up her ¥)pointrnent in January 2025. Sarali's role Hcttd of Developmenr for the Royal Ballet School for many year5, as well ￿ her previous significanl fuiidmising exptrrience, makes her the ideal head of ihe otEanisation as it enters a new phase in which fundraising is lo play an incrcasingily imp)rtanl Ilcllvlty. l am hllgely b¥aieful to Sarah for accepling my invi(ation io be our new Executive Diiector% nd on behall'ofthe Board ihank her mosi sincerely. With Sarah in ]xist. SUPtK>rtrd by our inval￿ble pari-time consultanrs who tnable OLif c1Ctivilies to be iTnplemented. and with the irtpui of my colleague% on the Board, l am confident ihat the FredeTick Ashion Foundation has an excitinb future in the delivery of its central missioii to enrich the legwacy and work of the choreo&Frapher who more than any other created wbat ts known as the Englisli style, of ¢lassical ballei. Frederick Ashton. FINANCIAL REVIEW Reservcs policy The TrLisiees ensure the chpTity holds reserves al no l¢ss than £ll)O.000 at ￿lY lime. 10 be used in the evellt that tlie Ftsundaiion needs tiTne 10 seek core fundingp or be wound up. Th¢ charity's reserves currently meei tliis threshold. Page 4 The Frederick Ashton Foundation Report of the Trustees for the Yev4r Ended 3 1st Marth 2024 FINANCIAL REVIEW Incoming Oiitgoin£ Resourees and Net Movement in Funds 'I'he Statement of financial Activities for Ihe period ended 3 1 March 2024 is set out on pog¢ 9 of the financial slatemet)ts. There was a surplus of unrestrtcted funds carrred forward for the peri(Kl of £745.708 (2023= £539,676). which illcludcs intangible fix¢d assets of £36,160 represented by the Da￿)nIS and Chloc copyrighL There was a surplus of restricted lun(L% carried forward for thc period of £Dil (2023 £nil) STRUCTURF., GOVERNANCF. AND MANAGEMENT Goveriiing dociiment The Foundation 1% controll¢d by its gov¢rning d(￿men￿ a deed of thJsL and ¢onstituies a limited company. limited by guarantee, as defined by the Companics Act 2006. lthe Fredthtk Ashton Foundarion wa% incfjrpotated as a priva￿ company limited by guar6 Cthe 2006 A¢i'). HavinbF satisfied myself tht the accounts of the &)mpany are required 10 be audiied UTKler Parl 16 of Ihe 2006 Act and are eligible for independent examinaiion. I tepKprt in JEspect of my examinaliort ofyour charity's a¢¢ounts as rricd oiii under Section 145 ofthe Charitie5 Act 2011 {'the 201 l Act'l. In carytng out my examination I have followed the Directions given by ihe Charity Commission under Section 145(5) (b) of the 2011 ACL Ind¢i)endent exAmincr'$ $t#tement Since your charity's gr05s income excteded £250.IKM) your ¢xaminer be a memi%r of a listed kndy. I can ¢onfi that l am qualified to undertake th¢ examination because l am a mrmb¢r of the Institute of Chartewd Accountanls in England and Wales, which is one of the listed IMyJie5. I have ¢ompl¢ted my examination. I ￿nrImI that no matt￿5 have eorne ¢0 my allenuon in conn¢ctK)n wilh the exAtnination giving me Cause to bclieve.. accounting records w¢r¢ not kept in respect olthe co￿partY as required by Seclion 386 of the 2006 Act; or lh¢ e¢coiinls do not accord wit]i those records; or the accounts do noi comply with the a¢¢ovnting requirements of Section 396 of the 2006 Act other than requiretnent that the a¢¢ounts givc a true and fair view wliich is ￿01 a Thatt¥r consider¢d as part of an independcnt examination. or the accounts have not lieen prepared in accordancc with ihe rnethLNJs and principles of Ihe Statement of Recommended Prdctice for a¢¢ounling 2nd rew)rting by charities lappli¢able to cliarilies preparing iheir accoiints in *¢ord2nee with the Financial Rew>rting Standard appli￿ble in the UK and Republic of Ircland IFRS 10211. have concerns and have come atnss no other malters in connection with the examination to whicli attention should bc drawn in this report in order to enable a proper undeÉstandin8 of the accounts lo be reached. Paul Wright FCA DChA Shcen Sticklic nd Chartered ALLounianis 7 EL?sl Pallajit Chichester West Sussex P019 ITR Date.. )¢1 Page 8 The Frederick Ashton Foundation Ststemenl of Financial Activities {Ineorporating arb Income Expenditure Account) for tlit Year Ended 3151 March 2024 2024 Total funds 2023 'I'otal funds Un]rstricted fund Rtstric(ed funds Noles INCOMF. AND ENDOWMENTS FROM t)onic lions 4?nd legcicl 293299 293299 221.884 Charitable Aetlvities Advancing educaiion and appreciation of the art of ballet 22.976 Total 316275 316.275 232,011 EXPENDITURE ON Charitable activities Advancing ediication and appreciaiion of the art of ballet 149.792 149,792 87,470 Nei gyain￿[losses) on investments 39.549 39.549 5,961 iYET INCOME 2LhS,032 206.032 138,580 RECONCILIATION OF FUNDS Tot2tl funds broushi forward 539,676 539,676 401,096 TOT AL FUNDS CARRIED FORWARD 745,708 745.708 539.676 The notes forni part of these financial ststements Pagyt 9 The Frederlck AslitoN Foundatio BAlance Shect 31st M8rch 2024 2024 To￿1 funds 2023 'loial funds UnYestri¢ted nd R(stricied runds Notes FIXF.D ASSF.TS InlanL7ible assets Tangiblc 11 ssets Invcstmenis 36.1(rf1 630 337519 36,160 630 337.519 37.224 945 297 970 10 374,309 374.309 336,139 CURRF.NT ASSF.TS Debtors Cash at bank 1,574 384,159 1,574 384,159 1.574 203.989 385.733 385.733 205.563 CREDITORS Amounts fallin& due within one year 12 (14.334) (14.334) (2.0261 IYET CURRENT ASSETS 371.399 371,399 203,537 TOT AL ASSEIS LESS CURRENT LIABILITIES 745,708 745.708 539,676 NEI T A&SF.TS 745.708 745,708 539.676 FUNDS Unre%irictcd funds 13 745.708 539 676 T()TAL FUNDS 745 708 539 676 The cliariiable company is ¢ntitled to exemptioll from audit under Section 477 of the Companies Act 2006 for the yettr ended 3 1st Ma￿h 2024. The mernbers have noi required the company to obtain an audii of its fmanciai slatements for the year endcd 3 Isi March 2024 in acLordance with Se¢tion 476 of the Comp￿]eS Act 2(K)6. The irustees acknowledge their reswTrnsibklities for {*) en.%iiring that the charitable company kcep% accounting records that comply with Section5 386 and 387 of the Comp(Inies Act 2006 and PTeparing financial statem¢nts which givc a true and fair view of the slate ofa(taiTS of the charitable company as at th¢ end of each Iinancial year and of its SUTplus or deficii for ea¢li financial year in atcordaiicc with the requirements olsections 394 and 395 and which oiherwise comply with the requirements of Ihe Companie% Act 2006 relalingTr to financial statements, so far as applicable to the charitabl¢ company. 'rhe not¢s forni w of t1￿5¢ financial staieii)ents Page 10 The Frederlck Asbton Foundatio BAIAnee Sheet- eontlnued 31st March 21n4 These financial statements have been prepared in a¢cordance with th¢ provisions applicable to tharitsble compani¢$ subject to ihe small ¢ompani¢s ￿8]Me. The financia] stat¢tnents were approved by the B(th of TnLstee5 and wthorised for t&8ue on .F.q.. Q 1¢>￿4nd were signed on its behalf by: s Jeanett¥ Laurence OBE- Trnstee Th¢ Mies forni parf of these financial slatthnents Pagell The Frederick A5htoN FoundAtion Notts to the Financi41 Sixtements for the Year Ended 31st Mareh 2024 ACCOUNTING POLICIES Basis of preparing the financial ststements The financial stdiements of ihe charithle company. whicli is a public benefit entity under fRS 102. hav¢ been prepcired in accoidanee wilh the Charities SORP IFRS 102) 'Accoun¢ing and Rewrting by Chariiies.. Staicment of Recommendcd Practice applicable io charities ptepaTin& dieir a￿oUnts in accordaiice with the financial Reporting Standard applicable irt the UK and Republic of Iieland (FRS 1021 {effe¢tiv¢ l January 2019}'. Financicll Reportin¥ Standard I￿2 'The Financial Reporting S(andprd appli￿￿1¢ in the UK ftnd Republic of Ireland. and the Compdnies Aci 2006. The financial staiements have been prepared under the historical cost ¢onveniion. with the exceplton of invesknenls which are included al tnarket value. a5 Inodified by tlie r¢valu#tion of cenain assets. The %ignificani accounting policie5 applied in the preparntion of these financial statements are set out below. These policies have been oonsistenily applied to all years prEsenled unless otheTwise srated. Financlal reporting standard 102- reduced disclosure exemptions Th¢ charitable company has taken advanta￿ve ol the followinbw dI￿lOSU￿ exemption in preparing these finan¢ial statements. as perniitted by FRS 102 The Financial R¢portill8 StsndaTd applicable in the UK and Republic of ITol8nd': the requirements of Section 7 Statement ofcash Flow5. Income All income 15 recobmised in the Statemeni of Financial Activitie5 once the charity lias entitlement ro the funds. it is probable that (he income will be received nd the amount can be Ineasurcd reliably. Expenditure Liabilities r¢ recognised as expenditure as soon as there is a legal or consiTU¢tiv¢ obligatioii committing the charity to that expenditure, it l5 probable thai a transfer of economic benefits will b¢ required in scttlemeni and the amount of the obligiation ¢an be tneasured reliably. Expendiiure is accounted for on accnjals basis and has ixen classified under heading5 that aggregaie all cost ￿la￿d io the category. Wh¢re costs eannoi be diroctly aitributed tv particul￿ headin85 they have been all￿ated io activiti￿ on a basi5 coiisisieni with tlie use of resources. CharitAble activities Thig incliid¢s all expenditure directly related io the objects of the Foundation. Governanee costs Govemc1nce costs include ihose incurred in the governance of ihe F(NJndaiion and its asseis and are primarily associated with statutory requirements. Intangible #ssets Copyri&This represent ¢osts incurred by the Foundation to acquiTe thc Tights to Ashion ballets. These artlslic rights will expire in 2058. 70 yea¥s after the death of Frederick A5hion, hnd are Ilierefore beingy aTnortiscd on that ba515. T#iigible fixed xssets DepTeciation is provided at the (ollowing annilal rdtes in order to write off each asset over lis esiimated useful life. Compuier equipment ?SQ/o on cosl Taxation The th￿2[1￿ is exempl from corpordlÈon tax on irs charithble aci1vil￿$. Flind #ecoiiiiting UDiYstricied fLinds can be used in acconlance wilh the ¢hariiable thjcctivcs at tlie discretioii of the trusiees. Page 12 coniinued.. The Frederlck Ashton Foundation r4ntes to the Fin8Dcial Stattments- continued for the Year Ended 31st March 2024 ACCOUNTING POLICIES- continued Fund *ccountlng Restricted funds can Imly be used for particular restricted wrwes within the objects of the charity. Restrictions arise when specified by the donor or when funds Bre rdised for particular rc5tritt¢d purposes. Further explanation of the nature and purpose ofeach fund is included in the notes to thc finan¢iftl statements. DONATION.S AND LEGACJES 2024 2023 t)onations GTants F.vent income 19.880 259,(y14 13.77.5 23,369 173.315 25.200 221,884 GTclnts r¢¢eived. included in the Above. are as follow5: 2024 2023 CAF America Other birdnts 234,614 25,(￿0 148.315 25.000 259,644 173,315 INCOME FROM CHARITABLE AcfiviTIES 2024 2023 A¢tivity AdvaThcing ethacation and appreciation of the art olballei Advancing education and appreciallon of the art of ballet Ballet licence fee5 7.800 10.127 Agency licence fees 15,176 10.127 CHARITABLE AcfIviTIES COSTS reci Costs costs (see note S) Totals AdvaTJCtngi edu￿tion 1( nd appreciation of the art of ballet 15,593 34.199 149792 conlinued... The Frcderiek Ashton Fuundation Notes to the Financial Statements- Continued for the Yellr Ended 31st March 2024 SUPPORT COSTS Governance Manag¢Tneni Toials Advllncing education and appreciation of the rt of ballei 32.263 1.936 34,199 NET INCOMEIIEXPENDITURE) Net inLornel(expendilure} is slated after chargingl(crediting): 2024 2023 Depre¢ia(ion- owned assets Copyrights amonisation 31S 1.064 315 1.064 TRUSTEES, REMUNERATION AND BEP4F.FITS There were no triisiees. remuneration or other benefits for the year ended 31st Matrh 2024 Jior for the year ended 3 1st Marcl) 2023. Trusttts, expenses There were no trusie¢s' expenses paid for the year ended 31st March2024 nor for thc y¢Ar ended 31st March 2023. INTANGIBLE FIXF.D ASSETS Copyi'i&Fhts cosr At 1st April 2023 aTtd 3 1st March 2024 46,800 AMORTISATION At 1st April 2023 Charge for year 9,576 At 3 Isi Ma￿h 2024 10.640 NET BOOK VALUE At 31 st M