COIIPANI. NLIIBER 8130q26 YOL.NG DANCERS C&R1T.4BLE ACADEMY LIMITED A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL REPORT ILND FINCLL STATEME'Ts 31ST AUGLST, 2020
YOUNG DAL¥CERS CHARITABLE ACADENIY LIMITED REPORT AND FINANCIAL STATEMENTS 31ST AUGUST. 2020 CONTEI%TS Page Compani Information Directors and Trusiees R¢port Independent Examiner s Report Statement of Financial Aaii'ities Summarv In¢otne and Expenditure Account Balance Sheet Noies to the Financial Statements 10-17
Yob YG DANCERS CIL4RITABLE ACADEMY Ll%flTED COMPANY INFORMATIO. DIRECTORS AP4D TRLSTEES Anna du Boisson KerTh Williams Kale Blakeburn KellN' Il'-illiams Marn'ellen Inkster Vicioria Conran GaN'in Mccaig REGISTERED OFFICE 25 Bulwer Street. London. WI? 8AR. COMPALYY NLIMBER 8130526 INDEPENDE.NT EXAMINER Phillip Roberts, Roberts & Co., 136 Kensington Church Streei London. W8 4BH. REGISTERED CHARITY NLMBER 1148129
YOUNG DAYCERS CEL4IUTABLE ACADEIIY LIIIITED RF.PORT OF THE TRLSTEES The dir¢ctors of tlie charitable compani l-"Ihe charii! ') are lis Trustees for the purpose of chariN' law and throughout this repott ate colleciii eli referred io as ils Trnsiees. The TrusTees present their report together iih the financial siaiemenis for the lear ended 31 st August. ?O?O. Thc tinancial staiemenis ¢QTnpl!' 1Th the Charities Aci ?01 I, the Siarement of Recommended Practice for Charities ISORP ?015) (Second Ediiion. effeeiii'c I st Januarn, 2019) and ihe Financial Reporning Stsndard applicable in ihe LK and Republic of Ireland {FRS 10? OBJECTS OF THE CHARITY. PRIJCtPAL ACTTrITIES AND ORGANISA TIOY Organisation The charit). is goNern¢d b! its Trusiees i¥ho are responsible for fomiulating the strdiegies and policies of the charits including the approi al of budgeis and the annual accounts. The Trustees dele83t¢ Ihe day io day running of the chari(!' io its Staff. Reeruitment and ippointment of Trn5tees Trustees are appoinied on the basis of their expertise in a particular field. Governing document The Young Dancers Charithble Academ Limited is a compan%, limiied b). guardntee and a regisiered charity governed b). ils memoranduwn and articles of ass(Kiation and the policies forniulaied from lime to time b), the Trust¢¢s. The charii! is registered wilh the CharttN, Commission under number 1148129 and is incorpordted under numb¢r 8130i?6. Objects The charity's Obj15 are specificall% $triCied io ihe follow ing- To adiance. for chariiable purposes. education and to promote thc art> (in particular ballct and related perfom)ing arts) boih for ihe public benefit in particular but noi e.Iclusiieli bJ'- (a) operating a school li ithin the meaning of ihe Educaiion Acts. open to all pupils showing a taleni and commiimeni io ballet and related performing ans: (b) advancing and co-ordinating academic and N"ocaiional excellence bN' providing specialist facilities for ballet trdining iihin the school premises.. (¢) protnoling wilh the ¢ommunits" as a 'hOle opportunities io participate in dance for people of s¢hool going age ,hO would othern ise norniall% be excluded bi. i"irlue of cconomic. social or ¢uliural reasons: (d} proN'iding bursaries and other fornis of subsidi. for pupils noi able to afford to pay the full running costs of the school and of its dancing faciliiies. (e) fostering int¢r¢st in and promoiin¥ Knom ledee of ihe subject of ballei and related a¥ts for the better appreciation by and general benefit of ihe public as a w'hole (Ihe school aims neNer to turn awa). a talented child). and {fj fomiing links u'iih other organisations actiieli inioli.ed in ballet. in order io enhance the contribution made bj ballci for the benefii of so¢i¢t% as a ilhole.
YOUNG DANCERS CHARITABLE ACADEMY LIMITED REPORT OF THE TRLSTEES DEVELOPMENT, ACTTrITIES A)1) .4cHIEIMEjTs Aehiei'ejnellts gnd Perforniance IDtrodu¢tio The Trustees are deligyht¢d io repon a SU¢Ceisful i ear boih f15calli. academicall!. and kocationalli.. Student intake r¢maincd stable for ihis lear. Due io ihe Coronal irus pandemic hich began in March 7020. Ihe school shifted lis focus io a comprehensil'e online learning progrdmme and tnanag¢d to delii'er all classes i']rtuall.. both academicall) and i'ocaiionall!.. Srudents continued io achieie ¢iicptional progress within iheir dance training and graduating studenls joined an arrai of presiigious nlonal dance schools. AchieTr'ements The school achiei'ed exceptional academic results ei.en in light of the disrupliKe nature of the pand¢tnic. Augusi ?O?O. our radual1n2 students achieied our besi eier GCSE resulis.. l 00 /v 94 {A-C). 730/0 9-7 IA* A). The school ¢oniinued to support a large prop)rtion of students through bursaries which equates 10 approximatel!. 350/0 of the studeni l)od%. -1th much greater financial stsbiliry. in ihe accounts for the period 2019190•0. the Trusiees are confideni in the future of the school and its abili. io d¢liver top quality training to eien more loung people in ihe coming ) ¢ars. RISK POLICY AIID MANAGE.MELIT The Trustees are rc5ponsible for ihe managemeni of ihe risks faced b! lh¢ ¢harits. Risks are identified and ass¢ssed and coniiols are established ihioughoui ihe i ear. A fornial rel'ie of the charit). s risk management process is undenaken on an annual basis. The Truslees consid¢r the principal risks io the charits. to be financial sustainabilitN'. school safeti.. student Melfar¢ and school trips. The ke). controls used b) the charin. include fornial a?endas and minuies for all Tn]stee meetings. ¢ompr¢hensive planning. bud?eiing and accouniing and ¢l¢ar auihorisaiion and approval lee[S of all expenditure. Controls o%'cr operdtion of ih¢ chariti s bank account and periodic rei ieii s of the adequac). of insurance of the charii!. s filed assets are considered io be adequatel! managed. Procedures are in place io ensure compliance wilh health and saleTh and safeouarding reeulations in order to protect Students and staff. Such procedures a re le"ed regularl!" to ensure compliance ith ihe laiesl requireTnents. Through rhe risk tnanagemeni processes estsblished. the Trusiees are satisfied ihat ihe major risks identified have been adequatelN' mitigated i%here necessan". It is recognis¢d that s! siems can onls proi'ide reasonable but not absolu1¢ assurance thai major risks haie been adequaieli managed. Thc major risks to th.hi¢h ihe ¢haritN' is exposed as idenlified b% ihe Trustees hai'e been rei"ieii"ed and si'siems hawe been established to miligate those risks. The Trustees hae considered the risks arising from ihe COVID-19 pandemic. This risk is considered modest in vie, of the charit! s ler% small administratii"¢ Cosis. Homeier. as Slat¢d in noie 16 ihe duraiion and impact of the COVID-19 pandemic. as i%¢ll as the effeciii"¢ness of ongoing measures to combat its continuing threat. remain unclear. It is not wssible io ¢stimaie ihe duration and seierin of these consequences reliabl, nor their impacl on ihe financial wisiiion and resulis of the charin. for future accounting periods.
YOUNC. DANCERS CHARIT ABLE ACADE.%IY LI.MITED REPORT OF THE TRLSTEES FIliANCIAL REVIEW The charity. achieved a surplus of £33.5?9 for the l'ear ended ) I st August. 2020 (2019 - deficii of £17.186). This is after awarding £141.136 in bursaries to underprii'ileged and ialented students {2019- £168.208} The Trust¢es revieis the charil>' s financial siiuation at Trustees meeiings. PUBLIC BENEFIT Numerous bursaries are aarded to siudents according io their tsleni and financial means. The school operates out-reach programmes hICh help identif! tslent in Ihe communit!. The Truslees confirm M,hen reN'te"in9 the Trvsiees report. aim& obje¢tii'es and actiwities that the), have compiled ith the dui% in Section l ? of the ?0 I I Charities Aci to hai ¢ due regard to guidance published bs the Charity Commission including public benefit. RESERVES POLICY The Trustees intend to build the ¢harits' s resen ¢5 in order to suptM)rt children awarded 8 bursary at the school. The). aim to support such ¢hildren throughout the period of their attendance ai ihe school. INVESTMENT POLICY.4ND RETLILNS Under the Memorandum and Articles of Associaiion. Ihe chariti. has the poTh'er to make any inNcstment which the Trustees see fil. DIRECTORS AYD TRLSTEES All direciors of the compan!. are also Trustees of the charit).. and there are no other Trustees. The Board has the power io appoint addirional Trusiees as it considers fil to do so. The Trustees. 'hO serwed ihroughout the year. other ihan as shoknn below, were as follow s:_ Anna du Boisson Kerr), Williams Kate Blakeburn Kelly Williams Marn'ellen Inkster Victoria Conrdn Gavin Mccaig (appointed ? I st Ociober. ?O?O)
YOUNG DANCERS CHAIUT.4BLE ACADE.IIY LI.MITED REPORT OF THE TRL',STEES TRUSTEES, RESPONSIBILITIES tN RELATION TO THE FINANCIAL STATEMENTS Company law requires the Trustees lo prepare financial stst¢ments that gii'e a true and fair i'iew of the siaie of affairs of the charit). at the end of the financial pcriod and of it5 financial position ai the ¢nd of that period. In preparing those financial statemenis lh¢ Trustees are required to- select suiiable accountinq policies and appl% thetn consisienil!"; make judgements and eimate$ that are reasonable and prudenL observe the methods and principles in ihc Charities SORP- state li heth¢r applicable L K A¢countin? Siandards hai"e been folloed. subject to an). material departures disclosed and explained in ihe financial sraiements. and pr¢pare ihe financial statemenis on a going con¢ern basis unless it is inappropriate to presume that ihe harit!. 1% ill continue in operaiion. The Trustees are responsible for keeping adequate ac¢ounting records thai dis¢los¢ %% ith reasonable a¢¢urac)' at any lime the tinancial posilion of rhe charÈli and enable thetn to ensure that ihe financial statements compl )' with the Companies Act ?006 and the Charilies Act JO I l. Th¢ Trustees are also responsible for safeguarding the assets of the chariry. and hence for raking reasonable steps for the prei'ention and detection of fraud and other irregularities. The Trustees are responsible for the mainlcnance and int¢grit% of rhe corporate and financial infom)atio included on the charits s Iiebsiie. Legislarion in ihe Lniied Kingdom goierning the preparation and dissemination of financial siaiements ma! differ from leoi51aiion in other jurisdictions. In so far as the Trustces are aare. there is no releTr'ant infomiation of M'hich ihe charity. s independent examiner is una,are. and the Trustees ha%e L7k¢n all steps thai ihe! ouohi io hai"¢ taken to make ihemselies aware of any relevant information and to Cstablish Ihat the independent e.xaminer is am'are of that inforniation. APPROVAL This report was approi'ed bv the Board of directors and Trustees on 18th March. ?021 and signed on their behalf. KellTr' Williams Direcior and Trustee
YOUNG DAJCERS CHARITABLE ACADEMY LI.NIITED INDEPENDEYT EXAMIIIER'S REPORT TO THE MEMBERS OF YOUNG DANCERS CHARrrABLE AC.4DEIII' LIMITED I report to the charit! TtU5te¢s on m J examination of ihe accounts of ihe company. for the l'ear ended 31 st August, ?020. Responsibilities And basis of report As the Lharit!. s Trusiees of the compani {and also its directors for ihe purposes of Compan la) >'ou are responsible for the prepardtion of ihe accounis in accordance with the requirements of the Companies Act 20061.the 7006 Acr. l. HaN'ing satisfied mi.self ihat the accounts of the ¢ompan!" are noi required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I rcpon in respeci of Jni ciamination of j'our ¢hariti' s aciounts as ¢arried out under seciion 14) of the Charilies Act 101 I ('the ?01 l Act-). In cam'ing out tny examination I ha¢ followed Ihe Dir¢¢iions gii'en bN' Ihe Charity. Commission under scction 145{5) Ib) of the 2011 Act. Independellt examiner's $taiemellt hai'e completed mi ¢xaTnination. I confimi that no maners hai".e come io mi. attention in connection with the examination gii'ing me cause io belieie.. accountin8 records were not kept Iti rcspect of ihe compan). as required b). section 386 of the 2006 Aci; or the accounts do not accord .]lh those records= or the accounts do noi compl! li ith ihe accouniing requiremenis of section 396 of the ?006 Act other than an) requiremeni ihat the accounts gil'e a true and fair i ieii iihi¢h is not a Tnatter considered as part of an independeni examination; or the accounts haie not been preparcd i¥J accordance ith ihe meihods and principles of the Statement of RecoEnm¢nded Practice for accounting and reportino b! charities applicable io chariiies preparing their accounts in accordance "1th the Financial Reponing Siandard applicable in the IJK and Republic of Ireland (FRS I O?)- have no concerns and haie come across no oiher matters in conneciion "1th the examinaiion to which attention should be drdwn in ihis repon in order to enable a piopcr understsnding of the accounts lo be reached. v) Phillip Roberts, FCA Robens & Co.. Chartered Accountants. 136 K¢nSIn0n Chur¢h Stre, London. .8 4BH. 18th March, 1021
YOUNG DANCERS CHARITABLE ACADENIY LIMITED STATEML ENT OF FLVthCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGLST, 2020 202 2019 ote Unr¢sirirted fund5 I,cOmE Income Voluntar), income- donations Governmeni Grants 4.381 2,494 18.810 2,494 Income from eharitable aetiiities School fees Other income 531.102 516.470 Total income 549.912 526.796 EXPENDITURE Cost of generating iolunlary. income Total charitable activities Governance costs 11.360 48? ?44 26.695 497.978 19,309 Total expenditure 516,383 543.982 ET SURPLLS/IDEFICff) FOR THE YE.4R 33.)29 {17.186) RECONCILIATIOL¥ OF FL'JDS FUND BALA)CE BROLGHT FORWARD AT 31ST AUGtiST. 2019 281 17.467 FUND BALANCE C.4RRlED FORM'ARD AT JIST ALGUST. 2020 £33,810 £?81 The statemeni of financial actii ilies includes all gains and losses recognised in the )'ear. All income and ¢xpenditure deri1¢ from coniinuing actii"iiies. The company has no recognised gains or losses oiher than the surplusl{deficit) for the )'ear. The fund balance at 31 st Au8usL ?020 and 2019 ¢on5iSted of unr¢stri¢i¢d funds. The accompanjing notes fomi an integrdl pan of these financial ststements.
YOUNG DthCERS CHAIUTABLE .4C.4DEMY LIMITED SUMMARY 1cO.E AI%D EXPENDITLRE ACCOLNT FOR THE YEAR ENDED 31ST ALGbST. 2020 2020 2019 Gross income for the year Unreslri¢ted income 535.483 526.796 Expenditure for the Trear 1501,954) (543.982) Net surplusl(deficit}for the Trear £33.529 £{17,186) The accompanying notes forn] an iniegral part of these financial statements.
CO[PAN1' NLMBER8130526 YOUNG DANCER.S CHARITABLE ACADE,MY LI.MITED BALAl44CE SHEET- 31ST ALGUST, 2020 2020 2019 FIXED ASSETS Tangible asseis 346 CLRRENT ASSETS Debiors Cash ai bank and in hand 18.963 73.466 4.)94 52.500 92.429 57,094 CREDITORS: A.MOUNTS FALLING DUE WITHIP4 OP*E YEAR {60.733) {57.159) NET CURREYT ASSETSI(LIABILrrIES) 31.696 (65} NET ASSETS £281 FUND BALANCE Unrestricted free reserves £33.810 £281 For the vear ended 3 1st August. 20•0 the cornpan!. il'as entitled io eiemption under section 477 of the Companie5 Act 2006 relating to small companies. No members hai'e required ihe compan!. to obiain an audit of its accounts for ihe year in queslion in accordance M iih $tIOn 476 of lh¢ Companies Aci ?006. The Trustees acknoH,ledge their responsibilities ensuring that ihe company keeps accouniing rttords whieh comply iih section 386 of ihe Act and for preptiring financial statemenis iihich gil'e a true and fair vie. of ihe slate of affairs of the companN' as ai 31 st Augusi. ?O?O and of ihe result for ihe l'ear ihcn ended in accordance M'ith the requirement5 of section 394 and 39) of the Aci and M hich oiheTh¥ise ¢ompl! .][h ihe requiremenis of the Companies Aci 9006 relaiing io ihe financial ststemenis so far 18 applicable to the compan!,. These aecounts have been prepared in accordance 1th the provisions applicable to companies subjeci io the small companies reg Approl'ed and authorised for issue by the Trustees of Young Dancers Ciutitable Academj Limited and signed on Eheir behalf on 18th March. ?0? l. Kelly illi¥m5 - Director and Trnstee The accompanying noies fonn an integral part of ihese financial sthiements.
10. YOUNG DANCF.RS CHARITABLE ACADEMY LIMITED NOTES TO THE FINANCIAL STATE,MEjTS 31ST AUGUST, 2020 ACCOLTliTIThG POLICIES Basis of prep#r#tion of accounts The financial staiemenis hai e b¢cn prepared in accordance ith ihe Siaiemeni of R¢¢vmm¢nded Practice tor Charities ISORP •0151 {Second Edition. etTeciii'e Isi Januarn. )019). Ihe Financial Reporting Standard applicable in the L K and Republi¢ of Ireland IFRS I O? i and the Companies Act ?006. The organisation meets ihe definition of a public benefit entin. under FRS I O? Assets and liabilities are iniiialli. recognised ai hisiorical cosi or trdnsaction i.alue unless oihen% ise staled in the releN'ant accounting policy notes. In addition these financial statements hai'e been prepared under the historical cosi con¥'ersion. Going concern In assessing the chariti. s abilin" io continue as a ooing concern. the Trustees hav¢ considered the liquidiry position and rei'ie'ed anticipai¢d fundino commiimenis for the foreseeable future. The charil)" has suffi¢ienl financial resour¢¢s to finanLe most COVID-19 outcomes Iihe impaci of ilhich is sei oul in note 16} and as a COtLS¢qu¢nce. the Trustees beliei'e ihat lh¢ cownpans" is adequaiel)" placed io manage its busin¢ss risks successfull) and tneet its liabililies as thei fall due. For this reason, the Trusiees have continued io adopt the going ¢oncern basis in preparing the financial siatetnents. Income Income is reco8nised in the period in Mhich the chariTh has entitlement to the income. it is probabl¢ ihat it will be received and when the amount can be measured li iih reasonable ¢enaintv. voltAr. income The charity receives donations from a numb¢r of organisaiions and other sources. donatioris is included in income w.hen it is receivable. Income from these Interest Bank inierest receivable is credited to the Statement of Financial ActiN'ities when it is re¢¢ii"ed by the charity. Expenditure Expenditure is included in the statemeni of financial actll'llies M hen incurred and include VAT. Direct charitsble expendilure Direct charitable expenditure cotllprises ihose costs direcil!" attributable to furthering the charitable 'ork to Ihe chariTh'. Direct charitable ¢ip¢ndiwre is recognised in the )'ear io li hich it is attributable.
YOUNG DANCERS CHARITABLE ACADEMY LLMITED NOTES TO THE FINANCIAL STATEME)TS 31ST AUGUST, 2020 ACCOUNTING POLICIES (continued) Expenditure (continued) GoN'ern•nce costs Goiernance costs include cosis iihi¢h are directl! attributable io the da%" io da). running of the charity and procedures necessar). for compliance iiith siawior) requirements. Ineoming resources All incoming resources Ère included in the stsiemeni of financial actii'iiies il'hen the charitable company 15 legall eniitled to the income and ihe amount can k quaniificd M ith reasonable accurac!.. Resources expended Expendiillre is recognised on An accruals basis as a liabilits is incurred. Costs of charitabl¢ actii'ities comprise dir¢cl costs incurr¢d in ¢offtpl)'ing with the chartry"s objectives. GOeManCe costs include those costs associated ii.ith the goiernance of ihe charitsble compan). and include ind¢p¢nd¢nt eillin2110n fees. Funds Unrestricted funds represeni funds that are eipendable at the discretion of ihe Trustees in the furtherance of the objects of ihe chariiable compani. Such funds ma! be held io finan¢e both iN"orLing capital and Capital investment. Tangible fixed assets Depreciation is provided at the following annual rates in order to WTite off each asset over its estimaled useful life.. Fixiures and furniture- 33.3J /0 on ¢0 Office equipment_ 250/0 on cost Estimales judgements Egiimates and judgements are coniinuall% ei"aluared and are based on historical expcrience and other factors, including expectaiions of future ei'enis that are beliei'ed io be reasonable under the circumstances. Alihough these estimates are based on the Trusi¢¢s best knoii ledge of the atnouni. ei enis or actlOll5, actual resulrs ultimately differ from these esiimaies. The TnEStees do not consider ihere io bc ani. material estimates and judgements.
12. YOUNG DANCERS CHARITABLE ACADEly LIMITED NOTES TO THF. FIIIANCIAL STATEMENTS 31ST AUGUST. 2020 ACCOUNTING POLICIES (continued) Finallcial instrumellts The charit). onlj has financial assets and financial liabilLti¢s of a kind thai qualif) as basic finan¢ial instruments. Basic financial in5trumenis. in¢ludinq trade and other debtors and creditors are initially re¢ognised at transaction i'alue and subsequenili measured ai iheir settlement ialue. Debtors Trade and othcr debtors arc recognised ai the seulemeni amount due after anv trade discount off¢red. Prepayments are Tralued ai the amount prepaid nei of ani. irdde discounts due. Cash at bank and in hand C&sh at bank and cash in hand includes cash and short terni highl!" liquid inN'estmenis 'Ith a short maiurity of three months or less from the dale of acquisiiion or opening of lh¢ deposit or similar account. Creditors and proi'isiolls Cr¢ditors and proi"isions are re¢vgnised iihere the chariTh has a present obligaiion resulting from a past event thai will probabl! rcsuli in the transfer of funds to a third pam. and the amount due to settle th¢ obligation can be measured or estimaied reliabli.. Crediiof5 and proi'isions are nom)alli recognised at iheir settlement amount after allowing for an%. trdde discounis due. Deferred income Deferred income arises on amounts inioiced in ad%"ance at ihe lear end. IliCOME All in¢ome il'as deriied from lh¢ main objeetii"¢s of ihe charithble company providing bursari¢s and promoiing ballei and related performing ans. namely. operating a school. All incotne from generated funds arises in the L'.nited Kingdom.
13. YOuG DAliCERS CHAIUTABLE ACADENIY LI.MtTED NOTES TO THE FlhANCIAL STATE.ME.NTS 31ST AUGUST, 2020 EXPENDITURE 2020 2019 C0515 of generating Costs of "olunt4r%" chgriiable income ciii'iiies Goi"ern&Nce Tot81 Tot81 Tuilion fees DonatÈons Exam fees Books for iuition Cosi of unifornis School Nisits Fundraising costs PaN'roll costs Teacher trainin8 Rent and rates Insurance Office expenses Repairs and maintenance Computer costs Printing. postage and stationery Subscriptions Tra'e] and subsistence Telephone AdNertising Accountanc Consultanci. Legal and professional Bad debts Depreciation - oifice furniture Depreciation - fixiures Sundries Interest receiN'able 166.961 166.961 166.208 460 2.567 2.567 2.171 1.68) {1.3661 l.i88 958.304 564 35.770 6.130 731 666 1.387 1.290 2.413 (994) 7,6?6 ?13.535 1,588 75,013 6,227 836 4.359 2.?43 1.816 1.891 1,273 2.401 3.406 4.050 3.i47 1.912 32,?84 1.68) (1,366) 1,388 ? j8.304 i64 35.770 6.130 731 666 l.i87 .i6i 340 2.565 1,348 84) 4.iso 990 17.?39 9.472 745 84) 4.550 990 9,472 745 174 555 (46) 183 {14) (14) £11.360 £481 ?44 £?2.779 £516.383 £543,982 STAFF COSTS There were seien emplol'ees during the l'ear {?019 - se¥'en emploN'ees). No etnploi'ee earned more than £60.000 per annum in the !"¢ar.
14. YOUNG DANCERS CIL4RITABLE ACADE.MY LIMITED NOTES TO THE FINANCIAL STATEMENTS 31ST AUGUST, 2020 TRUSTEES. REMLINERATIO Other than as set out in noie li nc)nc of the Trnsiees receii.ed an)" remuneraiion or reimbursement of expenditure in respect of their sen ices during Ihe lear 1,019 - nil). NET SURPLUSI(DEFICIT) FOR THE YEAR 2020 2019 The follow'ing itcms are included in arriving ai the surplusl(deficii) for the l'ear.. Independent e.iaminer s fee Directors i¢tnuneraiion £4.550 £110.417 £4,050 £115,000 TANGIBLE FIXED ASSETS Ol¢C equiprnent Furniture gDd fixtures Total Cost At 31 st August, ?019 Additions 458 1,501 1.959 2.510 At 31 st August. ?020 2.968 1,501 4,469 Depreciation Ai J I st Augusi. 2019 Charge for N'ear 1.498 1.613 742 At 31 st August, ?020 857 1.498 2.355 Carrying amount At 31 st Augusi. 20?0 L?.111 £3 £2,114 At 31 st Augusi. 2019 £343 £3 £346
15. YOUNG DANCERS CEL4RITABLE ACADEMY LIMITED NOTES TO THE FLNANCIAL.STATF.MENTS 31ST AisGUST, 2020 DEBTORS 2020 2019 Trade debtors Other debiors 18.860 103 4,594 £18.963 £4.594 CREDITORS: AMOLYTS FALLING DLE WITHIN ONE YEAR 2020 2019 Deferred income Other creditors 51.684 9.049 45.560 11.599 £60.733 £57,159 I O. FUTURE CAPITAL ExPED1TLRE There IaS no capithl expenditure contracied for not provided for in the accounis at 31 August, 2020 {31 st August, 2019- none). I I. LEGAL STATUS OF THE CIL4RITY The charity is a compan!. limiied bi guarantee and has no share capital. The liability. of each member in ihe evenl of w'inding-up is limited to £10. 12. TAXATIO.N As a charity. the Young Dancers Charitable Academ). Limii¢d is exempt from t&x on in¢ome or gains falling ithin section 50) of the Tales Act 1988 or Seciion _i6 of the Taxation of Chargeable Gains A¢t 199? to the exteni that these are applied io its charitable objects. Tr40 tax charges hai"e arisen in the charity.
16. YOUNG DANCERS CHARITABLE ACADEMY LIMITED NOTES TO THE FIPILNCIAL STATEIIENTS 31ST AUGUST. 2020 13. UNRESTRICTED FbJDS 2020 2019 At 31 st Augusl. ?019 Net surpluO(deficit) for ihe l'ear ?81 33.5?9 17.467 {17,186) At 3 1st August, 20?0 £33.810 £281 14. ANALYSIS OF YET ASSETS BETWEEN FL%DS 2020 2019 Fixed assds Current assets Current liabilities 346 57.094 157.159) (60,733) £33.810 £281 15. RELATED PARTY TIL41ISACTIO*S The charity. has relaiionships w'ith a large number of orEanisations and indii"iduals h0 contribute funds cither to support specific objectii'es or as g¢neral funding to support the administration of the charii). to enablc il to can). out its charitable objcctii'es. In view of the ¢hariiN' s legal siatus the chants. Trusiees consider ihat ihere was no ultimate controlling party to be disclosed under the prol'isions of Financial Rewning Standard No. 8. Other related party transactions During the lear the compani made the followtn¥ relaied partj. transa¢tions- The Du Boi5SOD Dance Foulldation (A separaie charit!") One of the Trust¢e8 of the companN' is also a Trusiee of The Du Boisson Dance Foundaiion. a charity w'hose obj¢ctiN'es include fundraising in order io supFx)rt organisaiions such as the companN'. The amount owing to the COTnpan)' was in respcct ot donaiions and grnnts. Reni amounting lo £5.000 aS paid in the )'ear (2019 - £9.000). At the balance Sheet date the amount due to The Du Boisson Dance Foundation was £iO {2019 -
YOUNG DANCERS CK4RITABLE .4CADE.MY LIMITED NOTES TO THE FIA1CIAL STATE.MESTS 31ST AUGUST, 2020 15. RELATED PARTY TRA.NSACTIONS Icontinuedl Wesi London School of Danee Limited (A compan!. oil ned b! Anna du Bois%on) The company's 0]c¢ and classrwm Space is rented from the aboN'e company. Rent amounting to £17.000 was paid in the I'car (2019 - £51.0001. The compan!" also paid tuition fees amounting to £53.616 (?019 £53,886) to the aboie compan).. Ai ihe balance sheei dai¢ the amount due from West London School of Dance Litlliied w'as nil l?019 - nil). Kerr). Williams IA Trusiee of ihe COTnpanJ') Fees of nil {2019- £1 ?501 and a salaTh' of £30.417 (?019- £40.000) M'as paid io Ihe above under a eontraet of emploiment as Execuiii e Principal. as agreed iih ihe CharitN' Commission. Ai ihe balance shed dale the amount due to Kerr). Williams "aS £349 (2019 - £349). Kate Blakeburn (A TrusTee of ih¢ ¢ompany) A salary. of £40.0001"019 - £Ji.0001 lias paid io the akni'e in respect of the l'ear. At the balarkce sheet date the atnouni due to Ka(e Blackburn li.as nil {?019 - nil). Anna du Boisson (A Trustee of the ¢ompan!' and of The Du Boi5s0n Dance Foundation) A salar%. of £40.00012019 - £40.0001 iiere paid to the aboi'e as Artlslic Director in respect of the year. At the balancc sheei dale ih¢ amouni due to Anna du Boi550n aS £3491?019 - £J49). 16. IMPACT OF THE OUTBREAK OF CON"1[19 The Trustees consider the iJnpact of the outbreAk of COVID-19 10 be a non-adjusting post balan¢¢ sheet event. Accordingl!.. the financial posilion ai i I st August. 'O•O and ihe results for th¢ lear then ended hai'¢ not be¢n adjusted. The durdiion and iwnpact of ihe COVID-19 pandemic. as i¥¢ll as the effectii'eness of ongoing measures lo combat ils coniinuin£ threat. remain unclcar. It is not wssibl¢ to e5tiTnate the duraiion and severit> of thcse consequen¢¢s reliabli, nor their impali on the financial posiiion and results of the charity. for future a¢¢ounting periods.