Clwrfty rnglstr4kn numb•r 11492841Engl•nd and Wal081 Comp•ry 6635320 MERCURIALARTS LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 MERCURIALARTS LIMITED LEGAL AND ADMINISTRATIVE INFORMATION OJKScott R Hayhow C L H8gonbwlh S•cr•l•ry OJK Ch•rlty number 1149284 Comp•ny nwnb•r R•ol•tsrnd offlc• Slutho 12 Canol L¥l￿St¢l R¢ CV14LH Ind•p•nd•nt •x•mln•r •l$Audlt 3Mc Mlddlemarch 8￿In¢s8 SiS￿n Dri Coventry CV3 4FJ MERCURIALARTS LIMITED CONTENTS P•ge Tn￿teeS réport Statement oflknarKial 8th￿•$ Notes to the flnanfi818totem8nts 10-16 MERCURIAL ARTS LIMrrED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JANUARY 2025 The Irusle&8 pr68ont thoir •rnyJ81 roport and ffinan(xal st8t•m•nts forthe y•or •nded 31 January 2025. The finanaal slalements h•¥e been prnpared in wxordarth wllh Ihg accountiig polryas 801 out in note 1 to the Iln8nei91 stgtemenls and cCffjp￿ with the i*¥nll$ 9ovgming document, the Compan￿$ AL# 2006 and "Acwunting and RéF0￿.ng by CharTti•s.. Statement of Rec•rTwnerhYed Practic* 8ppli¢gble to thar11￿ preparing their aceounts in accordance with the Firwielal ReFth'ng Standard applkabl8 in the UK and R8pubkc of Irtland (FRS 1021 leff•etrve 1 Janu8ry 20191" ObJ•etlvts Ind 4¢tl¥lll•• In accordance with the mom￿ndUm ofAssociatI￿ of MwGurialArt¥ Limrt•d th* company¥ obi8¢tNeS are.. To promote. malntsin. improve and •Y¥0￿ educatN)n by the en￿urageMenl of tho arts I￿ludIng. wlthout Ilmitatkin, the arts of drama, mime. d#nc•. wging mu8k. M•r¢urfal Arfs, curr•nt lo￿* is prirTwrty on enhandng lfves of Young Poople Ihrwgh th8 arts: as p•rtirApants aTrJ audion￿8. We work 7Mih y￿jn9 PeoFAe do not nom)•ly ho￿ lo t￿ orts •rMI fmm 8rea8 klentifi•d 8$ suffering frcm 6000. •uynom￿ dewNatknn. 11 To creala ambSWouts p9rfoffl￿n￿ ond art in • varf•ty of 8•tlry Ihat mLKes d•nc• and technobgy, for #nd wllh young pe￿$ 21 To 8dvance praL￿Ce,. brlnglng insF*8lky). thalory. Conf￿ a s•n8• of athi•¥ement lito fv lth of the young pgoplg we work wilh 3) To d&vdop and promote g physica Bpac& for thg rn8￿n9 y￿ndn￿ g progYamm• of work 4) To tako on intggraltd, hollstk apwoath to th• d•v•lopm8nt and opportunit￿8 wé provhje our bOn￿arleS 5) To grow th• charlty In a #u$tainabkn & strat•gkway. F4gdng tyjr woth w nalional & Int•matknn81 ￿￿tf0m5 Pubbc b6neffl The pu￿1¢ bonefits ol th• company gre the prcthotion, maintenance •nd advaneèmenl of the arts. The public benefrts dir•cty rolate to th• c¢mpgnYs kay ob•s. No detriment or hami arises from tho wmpany pffjwdlng tho publc benefft$. In $h4ping the obj•dhw lor the year arwj tl•nnbNJ IM c**offtls aclv•ikn•s, ts trustoes mfeffed lo tho guthn ¢ont8in8d in the Charity Commis*'on's gen•ral guKlance on publk ￿￿trfft when the th•rWs aims and objective¥ and n plannhg future ath"¥iti•$. MERCURIAL ARTS LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 The 202*2(r25 fin￿#al year has c*ntred on takNig our thgltal wonbeing th from rn8eoic4) into publi¢ doliv•ry. Bu1￿1ng on the fi￿ndatIOnS lakl in yearn, forajsed on delwrin9 and •valuating thg ntsxt Art8 Council funded tA)ase of EmbctyXR. on Unm¢￿v• VR pw Ihal ￿eS darth arKI Cognrtiv8 BehaNioural Th&rapy (C8T) techn￿]ueS to 8UPI)ort mental ￿•11h and a￿e¥￿te aTh¥iety in ywi peopk. TNS phase of work u)ntlnued (￿1 whjer DvJrdance Jnftlalrrfe. ￿n9 art$4ed thgrtal I&L*nology to Invo￿ h8allh and wellbelng outcomes for and young F¢OF4e. The yaar's aL*Nty n￿¥•￿ EmbotyXR from proof of concept lo a 7.level VR danC￿rt loufing expW￿rK* fry ￿"￿1168 ￿ L¥rnunty ￿Ues. w)d gthring detalod f8gdback lo Inform fijtwè d•velopm8nt. oss th• proJeGt pe11￿ we d•Jhwr•d a sInJ(*￿ proc686 of r￿Ul1M￿￿, dgvl&ng and it•ralfve dtsvek>pmenL We brought In a cora team induding g Proied Managar, markets.ng Manw. UX deveknper and 3D artist. along$Kle dancers and a Tang? of speualist freelance rolès as tec*nio8ns. ¢ompos•r, dramaturg and ual 4rtts1$. This tnabled u8 to manage the sgnifi¢ant le¢hI￿al and artist￿ compltixty of the work within a modest budgel, and to M￿lM1$e impact thrwh c4r¢fL4 ￿anrIYV aThl re￿ur¢4 ErnbodyXR Ii)ur*d to key partn&r I¢￿tIonS inc*Jding Coventy Ihraiies (Central. fiJ• H(11 and Bell Gre8nl, Sollhull libraries ICheh)8ley Wood aThJ The Corn). Salnls in Nuneaton, Nun8aton Llbrary. LC8 Depol in Lelcestar and The Herbert Gallfrry. In additw, w• ￿dertOOk I•stin9 al￿ C4>aLrthoring •venl$ with peop￿ at pather Sch￿[$ and unlvèrsibea. and pr•senl8d the work at s•caor Irade ovents and ￿nferenceS. Thi$ approKh enablod u$ lo r8a¢h broad crtsss-8tction of young Peop￿ ￿ ¢yTh￿d gam• to oth•r¥. also In¥&*81•d In volunteer d￿lop￿￿t. trainiry 18 volunle•rs from a broad 48 range (14 10 60+}, Sneluding I1￿￿ry Staff and Staff from Saints and T￿ Hfrrt￿rt G8￿ry. Togethef tlw contributad over 16S vofuntser hours supportiro tho ontM)arthng and offboardiry of partKipanl8. managJrKJ th• •xporianc* and coll•¢ting feedback that dlredty Infonned our iterati￿ devdopirthl pr￿Ss. AIory8kle knifyface dO￿ry gr•w th• dTgilal presence. usfng knnkedln. Facebook and Inslagram to sharn tt project. Our scthl med18 reach dwing the p8riod was 21.4k. wilh addilional ongolro impression$ generated by a hlighls VKleo thgt ¢ortinu8s lo supi*¥t lulurn bOO￿n￿ and Nrtere8t in the Environmentsl 5UStalnabilty remained an iriwtant part of ow a¢￿. By pri• remote workn'r¥,' lo¢using our tour Mlhin MvJ8nd$, fwl*ng printfji1 materials wilh 1li9ital ￿￿ftmUn*a￿ns and QR c•des'. and enablw venue st8ff lo run el8monts experrencg withtyjt ¢)ur constant presenc6,' we redu￿￿ unn•ce5sary trav81 and mwgrf818. Using J￿1&S 8icyde's Creative Clirnate Tools cakul&lor. we eslrm•to th•t theso raM)Ic48 8wd 6.6 Icth•$ of Coi during the proje¢l. MERCURIALARTS LIMITED TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 hlw•m•nts and wrfwmaDG• Swnificart aclivth•3 aCh￿Orn￿nIS ag&n&obpcbv8 EmbodyXR is a groun(*)Te&Wng VR Pfojed that o)mbnes Immershe 3D en￿ronMents, choreTr3rophed rnovemenl and CBT4nlormed prompts to help young Fwle understaTrJ and rnanege Signs ol anxl&ty. partkAJlarty 1h8 body's FlighVFighUFf8oza respons8. T￿S phase of work, in partnership with Mergjiial Dance, Sought to fefine the p&ri8nce artislicaly and t¢thnbcaty. lost its •c¢e$S￿l￿ in (1xnmi￿ satting6. and Wln to èxplore r(￿$ lor long-lenn wstslnabllty. The KYol8ct alm8 IndU￿d.. m8rt8l hfr4llh young poople ag&J 1>25.. Inrxeasing access lo innovative digrtal art in areas of ￿(a¢￿et0n0rnrt d•prwb"on'. invtskn"r4 ywng ￿0P18 In ¢o-ueation Bkill deVelO￿ent. ¥upportww workforce developThnt *ithin freelm tsims.. buth*'ng partwshys wrth libraries and univer81ti8& and layirw fWndatK￿￿ for sUstaW￿t4e fuiure tr￿ring and pthib'al r￿mmerda1 dMkom•nL To achi8v• Ihls. w• ryjnlnuad to ov0￿8 ErrtJodyXR Ihrrxyh CL*abcffkn pr￿￿ce. Reuurtmenl t￿oUgh1 loplh•r d•n¢er¥. dlgllal d•slgners. a UX Sp￿101$[ an •n4ironment orfist. ￿ltsf. rn0tKJTrc4p￿re leain. comp088r, and Immor81￿ auth"o collaboratorn. OarKers urKJertook on Inlfjn$fr*P resld8noy. Incjudlng trw'ning in sign 8plnning In collabor•tion with Sign Spin, and L¥••t•d b•spok• thor¢ography that was Motion￿p{Ur6d and inlegr8lèd Into the rlual wodd. Al tools w•r¢ uaad lo prototype kntwactlw features Immersfve 8utho, developed with Sound Reacllon. •ll¢Aved en¥ironmenti to r•¥pond dyrMm*4ty lo pthcip8nts' 4c*ioM. Th• r••ulllng expwi•rth c4JmbThd 8 high de9Tee of te(*nK*l sorthisli¢&llon with dear, acLws4ble guidanoe for users. Our SCOT Istrgngths, Chalenge$, Opportunlties and Threats) ansty￿S within tho ovaluallon highlights key $tr8ngths'. the proi8Ct achieved Comp￿ technical arml wli&lic integratron on a light budget.. reachod 8 widgr audlence thgn Proje￿?￿.. prO￿d￿l to wnmorni￿ t8thnL*y for communtlie8 who W¢￿Id not usualy engage with it; •nd ddiv¥r•d $ignrfKant upskilling for danc•rs. desvjnws and w&JucAgf8. chaI￿￿je9 Indudoo the n••d for addlllonal support fc< parttcipanl$ unf8nNli•r wilh VR, ¢yity Imrtatms wthln some &'brary teams, and budget nstrain16 that m•ant scAn¢ ¥rtisli¢ amlitions-S(Trc* a8 fvlty bgspokg ava¢ar8 addrt*)nal choreographed and anim#led 8equences-f#)ukl Tr)1 be re•lised •t this point. Thi$ pro￿￿¢$ opportunil*$ for our fijture phase8 of the prolt¢t. which we 8éèk lo d•veh)p. ￿ ackntrM8dg0 the su8tahwJ ChaI￿nge we are fadng as o soc4or, and Ihft*ts of shrinking, highly competitNe opportunities kn lunding me•n for athitvirvd thts8• wntytiM$. Ak>ng6id• ddiv•ry. we began to fflap fuiure dirndv)M for thè worf¢. Th• evalualion Identffle$ oppwlunhi84 Sn •XP8ndlng heaNh and wfjllknng initi'8tbV83 Ihrough unNOTsty pwtner5hips, fijrther touring in the UK and abn)ad. and develOp￿n9 EmbodyXR as inteleclual property that can be adapted fof Othef platromis. Inc4udrt Ilve perfom8nr*. We have tsken earfy $1gp$ tV*l8rds 8 smartyhone-bas•d wellbeing aFp to widen accessibility. supported by ngw forward d•velopm•nl funds, wl¥"¢h wlll in twn wle knc41 lob owy¢unlUg8 for pgrfonneTS and o)nlribut¢8 10 ongoing 8UStainability. Overnll. th18 ph￿t ha8 ¢onf*med EN*odyXR'8 pcrfenll8t •$ •"pm? ts ¢hong•": • work ￿ a 8oaal purpose that r•8onat•s with young people and offw8 a fvva¢lul, erwing tool fty awareness and management. MERCURIALARTS LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Dlverslty 4nd knGluslon DIver￿ty and incfu$lon r8matn central to our prnclic*. both t)ur (xefjtive t•aYts * In th8 comrnunNle8 WO serve. The Embr**XR •fdluation Clear plclure of we r•&1￿1 and who was invdved in maklng tho Wthln the proAoct team. 54% idenlifi8d as f•m*, 42% as mal• and 4% as Irarb¥gW￿er, th a 4".3 femak'.mal8 ratio in ttealrve 18adersh* roles. 04w on8-thwd of the to8m wère from ethni¢ ba￿9TC¥Jnds under- rèpros&nted In the 8rt$ SfjL*)r. This rgfieL*8 our ongoiftg tcknm1tm￿ to offen.ng me￿11￿￿1 roles 18ad&rnhlp ¢)pportunllMs to a range of art￿ts a￿1 pr•Gtttonern. AUd￿nr¥ evaluatlon fom8 eo110dod from a ￿mple of 125 paib¢wts arms ntr)e v•nuèB Ih•l 48% of pa￿C*panIS Identif￿￿ as femaio and 52% as mal•, wlh 16% identlfying as having a disablHy. Thirty per cent ol partlcipanfs were In our wlmary target age bracknt o11HS. poslcode anaty8is shtyved Ihgl many lived wilhln a short distan￿ of the event K)cabons, with an travèl dthnc• of 4.5 rnile5 and hdf fiving Within 2 mlkn$. This dèmn¥tiales that locatirwJ woth kn lo￿1 Ilbrw and ycès ￿aInS an gff•ctive way of rnachlng ngorby Comm￿11￿$. A s￿nth￿nI maj¢xity ol pw15dpant8 (86%) rnpthj Ihat had not known the projocl unlii ca avo86 R on th• day, polntkng to thg TrAIug of being in e￿rydaY wblc spaces rnther thon retylng sol8ly on pre-booked audien￿. The presen￿ of a Ir¥e 8i9n spinnef al ov•nl8 IKrea¥￿ I(￿ by around 50%. he*ing u8 reach people who mlphl nol usu•ly ch¢rne to •ngaBe In wt• or￿*¥01n9 a(*iwtv. r•wnl8e that many of th• commuiyllgs worked with had 4mttsd pmi)us al￿* to Imm&1¥￿0 1ochnologi98. By providlng free, 8UPF*Yted opport￿1￿1$ lo engage wrth VR in a w•lc•mlno onv5ronmenl, ￿ aim lo rg(luce the8e inequalittes arKI •nsurg that em•rgin9 d*ilal **llb￿n9 tcd8 arn not restric4•d lo thoBe with greater L￿d•￿￿1p, Gov•rnanc• and Man•g•m•fit The EmbodyXR proio¢1 was defvered thro￿ ¢h8rfty'8 0818bN$hed modd of drwng tOget￿r a tallored freelance team around each pie¢t ofwork and partnernhlps approad￿ to fin8￿n9 and delivery. For Ihls phase we coordinated 8 dlveT6e group of 8peci8lis18 Incl￿1￿ DKedwKhorwrnpher. Designei IUXI, Envtronm•nl ArU81, comFh)5er and 80und dg8igner8. dancers and siw spinners, mot￿ptUre I￿￿￿1&n8, visual wNsls. writer. producgr, ma￿011ng lead and consuftwrts in dinlcat p$ythok>gy and dancg movamenl th•rapy. Thi$ approach ollowed us to ￿xIbfy to the proi•(*s rneds whle m8n8gts￿ finanrAal risk wthin a projocl.ba$ed fundhg contoxt. The tvafuation hlgNlghts Slgnificanl workforc8 devekjpment and upskilllw ￿03S Ihis tegm. Da￿18 gaingd nw 5kin$ in sign spinnlng, motion4aptWg 8nd colalthtive doviswig for VR. 09it￿ artists 8nd tho d￿¢tc￿ d99pened th•r expertence in ImmersiN* ￿￿10 ted￿ka1 int4Talion uthg Fmod and U￿, ir￿108$1n9 both Ihe qualrty of lh• work and tho future empfoyatylty of frtelancery Invdvod. Tlws skdls de¥elopm¢nt i8 a key kngacy of lh• proje and str•ngth8n8 the tharlty's c4paoty lo delivgr ambitw8 digltal wolberng wtyk in future yeaTr. Strong relab'on$l¥ps wrth librgdes, community 8ettHy wMveTStUes underpm￿ed th8 yoieL*8 Sur￿8¥. provKling Inwkind support. arrnss to C4)mnxmtttes and opportUnit￿S for shar8d leamry. These partnerships, together wilh the thwlty's agile lead8rship model. ¥nsured that EmbotyXR co￿￿ be defi¥8rn1 to a hbjh standard, ev￿U010d lI￿ro￿3hty, and p05rf¥)ned for onward in1kn8 with our chaiilth awns. MERCURIALARTS LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (COKTINUED FOR THE YEAR ENDED 31 JANUARY2025 Ewlronm•nt*l S￿lI1n•bIl1fy Enwronmental 8uslainalxlty refflarn8 a core of ow w(rt 8nd we intend to on the 6.8 tonnes of CO saved this year ty d88pwing our cc¥nnutmgnt in fuiur8 phasas. W8 ￿￿'s• red￿8. rouso and reryde prinriplo$ in al woiect design, and our dw¢e-dyta fij$1￿ supports o knw-cart4)n to￿"nO model ty presentin9 Wort in local ¥gnug$ that audlencos can walk lo. Thls akyoxh wll conllnue to ty4d& Lwr plannthi, ensurlng ¢)ur programmes remain bolh •cc•sslbl• and •Mronm￿t8ty mponslt4•. Using Julie's &'cyde Cre*live Climate Tools-p(¥tsSSvreferencal with The Nthorted cond11hy￿ will stmngthgn r data collei*on across all PTO)ects, alry*lng us to ITac* our cart￿1 foolprfnt more a￿1ratety and $hape $hcrft- and kJnTrlemi aclions. IA* will continue lo minimi8e emissions by expaTrJing re1T￿e working, tralnlng venu• staff to deliver a$pecl$ of our VR gxwienw will￿1 reqwry our tw lo trawl. and maintaining hyptr-loc tourlng roLrt88 or clu$lergd re9W￿.￿u¢rtsIOUrS" as ￿ gr￿￿. Our Green Rthr for EmbthXR ¢￿t￿u0 to v•okni, Jupwong •MryTreffiuent ￿4)I￿nI u8e. waste reductlon. 8USt•in•bl• m81orials and OCO•friendty worknng acrnss 411 ¥enues. Wo also plan to b￿ld on our awarenèss of our OqUiFxMnl Mtcyde and supth th•in, 8dopts.ng 8 proadivè stsnce on procureff￿nI, mainlgnonr and en¢&of4ife management. Alongside Ihis, we aim to de¥dop con¥Jarativ8 carbon anaty6es4or •xamplo, 511malkng Iha diffef8nce b8h¥88n ¢*gitaJ tourirvj and tradttional touriry modgj8-and lo share th8J• findu)gS tran8paronUy wilh pwtriers ond stak•hokler•. By embgddlng those commitmwts tiilo ￿1 firtur• pha8•8 of EmbodyXR, indudlw tourirvj and app devdopm•nt. wè alm to s•1 a Strong 8tandard frjr Suslalnable praclk* kn $malk8¢alo arts thal our •nvkonmonlil respon8ibilrty grows in slep wilh our ¥rlisk aThl *x>al wnp•¢l. Fln*n¢lil r•vl•w During the ¢urrenl perlod tho tharty h•8 relwned a defidt 01 £71,07312024: £72.380 8uWu8}. Thls r•fl•ds the conN)letlon ofth• EmbcdyXR Pfopd. tM wa8 recei¥ed in th• wior wio Res&ry&s poI￿Y It 18 the poly of the charTty that unrestricled frjnds whK* have not be8n d￿Ignated lor a Spe￿r￿ us• should be malntained at a ￿e1 eqwvalent to befr￿en Ih¥ee and sts monlh's eX￿d￿Ure. The trustees considèrs that ￿8e￿¢S 41 this levol will ensuro tha( in th8 evenl of a svJnfftant drop n fvnthng, thgy wll b9 alAo to continue the d)¥rty's T[￿t activities while consideration r& to ways in which addrtional funds may bo raisod. The In￿￿¥9 a¢knowl•dge that Ihe ¢hgrity h83 nol yfjt rv•th¢d thi$ posit￿ gnd w• C￿nt￿￿n9 efforts lo mefjt Ihl8 policy. A8 of the 31 January 2025. tho ¢hathy hr￿ net ha1￿11tieS of £305. Th19 18 rewesented by th• ba1fjn￿ on the sliicted fuNJ of£1,8851￿3 IM défidt on t￿ unfestsiC￿ 01£2.190. As d￿￿1•d 618ewh•r• In the ffinandal stat•mènts thè eharlty t*Mffts from cashlk)w $upwt fr￿1 Mercurial Danc• Ltd and Ihe main charity liabiliti'es awe rmed lo thi¥ crndilor. Th•s• arTr)unts ha￿ b••n pw'd in full post y&ar end after the c4JMFIetK￿ of the EmbodyXR project. M8Jorrtsks The Board is aware of its responsitm'lty to identify and revivw the maijr risks to which the company 15 exposed and to implement systems to M￿gate t￿)Se risks. The funifing roceTrMI during the ygor has hdped to devdop tho tharity and part of this has boon to stronglkn th• charl￿S systems and p￿￿•dur•s. F8¢tors Ilkety to 8ffecl ffn8W'8lpethm8n¢e Mgrcurial Arts, busine$8 model ol proje¢l b8$ed worktng ond frgthce empk)yment struLXurgs. mean the trustees eonsidw that tho organisalKJn is Mabl• wng foTh¥ard. Mereuiial rèmains ￿5￿1¢At r•sOurC•f￿ in responding lo the n&gd$ and ¢h8lkng¢s our wdierKe$, p8rtKipants, partners lar2 a$ we emerpe from this period and we wlll ¢onllnue to t*e an inrthative woa¢h to deli¥ern)g ourwcrfk. MERCURIALARTS LIMrrED TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Slruetsrrei gov•manG• and manag•ment The charty Js controllgd by it¥ goveming do1￿ment a d&*1 of trux a￿1 ccrfnpany, limit•d by guarantèe. defined by th¥ Companies Act 2006. Mercurial Art¥ Lin*t•d li a th*it*blg c•fflpany thnNted by tyiarwtee, thco￿)r#ted on th• 1st Juty 2￿8. Th8 company r8 gowmed by a and Artrd•8 of Asswation. It reg*tered as a charity wlth th• Chatity Commission on th• 111h October 2012 and M this dale th& tharty t(*)k over thè assèts and of th8 limit•d company ¢*d Morcuiial Arts Limit•d * trA"s date. In thè e%trt of the wnpany being *￿Und up. 41 m8mb•TS present Ènd 12 months past are requ¥ed to contriTr*the N)t excoeding £10. The trusieès, who are 8180 thè ithra¢tors lor the pu￿01• of compary Iw, and tha yèar and up lo the dale of ￿gnatUre Of1￿ firwthl statements ww•". OJKScott C L Hgg•nborlh N Dodzo Reen￿mèrt8nd aPp￿nI￿nI The dir￿torS of the company aro alx+ th8nty truslts¥ for th• &MmpO8￿ of and under th• cc¥np8ny'J Articl98 are known *• member8. Under th• Itqui￿ments rf the Memwandum and Aitid•s of A$80clat￿n member8 afft appointed by apptyiThJ for admission In wrillng lo the Board of Directorn who dockJ• whether to admit or roject Ihe applkont. The number of throctorn ¥hall not ￿ loss th￿ thTe8. At every siknwuent AGM, on& thlrd of thg directors must r•lire. The th'rttior¥ lo r•tir• by rotalion arv Ihose who have b••n lory* h offic• sthce Ih•tr ￿81 Olh&rmatt8 L•ad•rnhlp. Oov•m•n¢• and M•n•9•m•Tht The charity structures it• delTW by drawlnp trMJether. rAordinatry and contraL*kng ltrams of h•lance kndtvkfua and smal bu￿ne$S lo delI￿r ¥*ufi¢ proJe¢ts' needs. Thw brtngs agillty. it8p￿S￿￿en98& and mlnimi1•8 financjal risk8 ass￿81￿ ￿th the prohci-based ￿l￿1r￿a model in thg arts ￿tOr. develop r•l•tion8hlp6 wilh our tsams a¢70$8 projects, dramng In arHI ￿nthno from experb'se lo our work. O. Scott works with thg board of trustee$ lo dèvelop the 19odershy apyoach and artI¢￿ale the prcqramme. ThrO￿h the partnershlps we do￿lOP with key organi5aliona. w8 •Xtend tho charitys rooth Impocl. ben&fitin9 from in-kiTrJ support, goodwtii Ind Inl8ngibl8s that lurther adwar*ce the chwities ml88ion. Thor• 18 a mate￿￿ link with Mercurial Danc• Lrnitgd owned by twslee O. Scott. Hi6 trystee rolè 1$ entirely wluntary, arvj as wlth au DI the board, he brlngs In-￿nd and int*ngble bgnefrt8 10 the charity in lem)8 of donat¥d Itme, eyp8rb8e and leadefship. Th& ch*ity benefits from c48h 8UPPOrt from Mefojrial Dancè. Thi8 relates to in¥oice$ d8ferrèd to 8UPF¢rt the ¢ashllow managemfjnl against flnandal end w'nt payment rel&¥ses. whBr• actw propds C￿35 t1￿ finan>al year. ensures that our leam of contr8¢tor$ 8re p8ld pfcirnptty while fundor8 condude Ih•iT eYaluak)n processes. F•08 to Mèrcurlal Da￿ rolate to aitistic direct￿3n, ¢*oreography and proio(a leader5PMp ty O S¢otL Feès s¢ale year lo year a¢Mrding lo outy)uts. This approach is rnM8wed annuaW by iKJard. Tth$ year rt has been 49teed that the OLrt¥tsnding loan bO￿nC• ed to Mercurfal DAn¢è wiu not b• IDI rnpaYrn￿ so has boen wt(tten off and th8 amtyjnt induded In th• charity's incoming rg8ourc•8. The truste88 roport WA¥ wroved by Ihg Board OfT￿$t008. akn Dodso , Dat9:27 Nov 2025 MERCURIAL ARTS LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MERCURIALARTS UMITED I rowt to thg Iwste8s on my oxamIn*W￿ ofthe fmancid 8t•tern￿ of ￿￿￿rIal Arts Limbtod lth• dwlty) for thè y•ar O￿ad 31 knry 2025. R••pon•Sbllltl•• and of r•port As the trust￿ of the ¢har6ty I￿￿ also tts dlrKtm tr th8 purposes ol company lawl, you ara rn$Pc*￿1bl0 k)r the preparation of th• f￿ana¥1 Statem￿ts in acurdonce *ilh the requirements of the CompanlesAct 20C6. Hawng satiSf￿d mysew that the fThncaaf sLthents ofthtt ¢thorty arè not r4uv•d to b8 aLkth8d u￿ler Part 16 of the Companies Ad 2C(fj and are eliglble for Independent exarnnat￿. I reF¢rt in resixct of my examination of Ihfj th4ri1l$ ffinan¢ial stst•menl$ carri￿ out sed1(￿ 145 of thè Chèriti66 Act 2011. In ¢arrwng OLrt my oxambnalion I have folkywed the tJ'reclion8 gi￿1 by fv CIwTty Comrni85ion under section 145<5}Ib) of the Charrf6e8 Act 2011. knthp•nd•nt •xafflln•V• stat•m•nt I havè ¢onWeled my oxamlnalion. I conllm) th8t no matters ho￿ ¢LNne lo my ottenbon kn COMedIc￿ vAih tho examination giving me ouse to bdieNp th81 any m¥twial r•S￿cl. 8c¢ounts"ng wore not kept In respKI ol the dwty 85 ryk8d by SOCtk￿ 388 of the CcThpgnl•8 Act 20C6. the fin¥n¢lal statowthl8 do I￿t a￿d wllh t1￿8? rg(>yd8.' or the flnana81 siat•m8nts do ￿t comF* t￿th th8 accounting requir•m•nts of $￿tion 396 of thg Crynpani08 Act 2008 oth•r than requirement that th8 fir￿da1 ststements gi￿ a In￿ and f*'r vw*. whi¢h 18 not matter conwd¢f•d 88 part 01 gn ind•p•ndent •X8rrination,' or the flnanc4al statements ha￿ not b••n prepared in &￿d￿nc4 wlth tho methods and principl86 Of th8 Slalemgnl of Recommended Pradic* for a￿L￿ntiTh3 and f•POrting by d)aiiti6s appllc4ble to tharibes Prepa￿n9 thglr flnandal ststerrwl$ In rnYdanc• wilh the ReporllNJ St•nd•rd ¥pp¥Ca￿• In thè UK and Republlc of Ireknd IFRS 1021. I have no concems and have come 8c¥o$6 no oth•r mattws In COn￿￿On th• examination lo whlth attenllon $houhJ b8 drawn thls roport In order_ on¥t4p ¥ undwstanding ofth& financial slalèmonls to r••ch•d. obertAnderson F 3Mc Mklthemarth B￿lnesS P*k Slskin Drwè Coventy CV3 4FJ // MERCURIALARTS LIMITED STATEMENT OF FINANCIAL ACTivrfiES INCLUDING INCOME ANO EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY2025 Tot•1 fund• 2025 nd• 2025 fund 2024 fund• 2024 2025 2024 Donation8 aNJ legadg5 Othw income 37.910 37.910 6.223 75.913 75,913 6,223 Total In¢om• 6.223 37.910 44,133 75.913 75,913 Expndlbjm on: Chadtable act￿lI1e8 1152( 115, 3,533 3,533 Tot•1 •xP•nd1￿l• 115, 1152 3.533 3.533 N•t Incom•ll•xp•ndliur•) 6223 (n296) (T1.073} 72.380 Tr•nsf•rs ba￿•¢n fund8 13.67n 3.677 (3,960) N•t mov•m•nt In fund• 173,819) (71.073> 68,420 72.380 R•con¢lll•llon of lund•: Fund balBnc48 411 Febnjwy 2024 (4,7361 75.504 70,768 18.696) 7.084 11,812) Fund baknnc•• at J1 J•nuary 2025 (2.19)) 14.736) 75,504 70.788 Th• stalem•nt o11knonc¥al adv1ti•8 ifKaud•$ am ggins arml kx8e8 r•c¢grtwl in the y•ar. All irK>JTh 8xp8nd6turo dfjr￿ from r?)￿￿1u1rVj athti•8. MERCURIALARTS LIMITED BALANCE SHEEr AS AT31 JANUARY2025 2025 2024 Curr•nt •M•ts Debtors C85h at bank and in ￿nd 10 75.913 8.927 24. 24.(KS 84.840 Cr•dltov¥: •mounts hllkng T*lthln n• y•ar 11 {24.370) (14.072) Net ¢uTh•nt Illabllltl••)la•••ts {3051 70.788 Th• fund• ofth• ¢h•rfty Re8trict•d incom• fundi UnrestrifA4d fvnds 12 13 1.885 P.1901 75.504 {4.7361 13051 70.768 The company is entillod lo th• ex•mpl*￿ from th• au¢HI c{Xrt*￿d in Mcdon 477 of tho CLYnpanlo¥Act 2ThJ6, for the year ended 31 J•nu•ry 2025. The thre￿I)r8 al*noW￿ge their c¢mF4ykng wilh f•qulromonts of the CompanS•s Act 2(KJ6 wfth rnsp•¢l lo aceounbng rKord8 and the preparnfj'on of finèrwl st¥l•ff*nts. Th• momber8 hwe Thjt rerylred the cunpany to olA•kn •n •MI# ol its finandal 8tat•m8nts for th• yoor In quesfjon in ordance with 8ethn 478. T￿09 flnandl *atwMnts been prwred ffi acth)rdanc• wth ￿ wovl8lons applK#t4è lo ¢ompanb8 subjoct to the Smol comp￿1￿ Toglmo, 27 Nov 2025 T￿ financ4al slalements wwe approved by Iha tr￿100S ijn ......................... Do¥p SIGN" zo Thi•ts• Company rggthtKJn nurrthr 663S328 (England and v￿leS} MERCURIAL ARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY2025 A¢¢ounllng pollei Charlty infonnatlon MercLKtal Arts Lrnllgd ￿ a wiydle Company limilad by guarnntge Incorporated #i Enoarhl and Wal88. The registered office is Studio 12 Canal L•icestet Row. Co*ntry. CV14LH, Unrt&d Ktryjom. 1.1 R•portJng p•rft)d The premcxts acwJnUThJ pwb)d wa8 a shtyl from l A￿uSt 2023 to 31 January 2024 in order lo b&tter 8ynthronise the actounting perfod wrth Ihè chontys pfoJ8ca doffivery and r•portng timelines. The curr•nt ae¢ounUng period Is for the year ended 31 January 2025. the WnparatI￿ rnnts prèwnled In the In￿1￿1 statements are r)ol entirety cryr¥ble. 1.2 A¢¢ounllng Can￿nI10￿ The financial 8tstementy h•¥* been prepared in ac¢ord•rKe with the chwiws goNYmlng d￿rnrt the Compani89 Ad 2Cx)6 and "Arthunting and Reponlng by ChaTit*8'. Ststwn8nt of Rocomm8TrJed Praclice applkable to charities Pf•paring their accounts in attcrfdanc• wtth the Finarrial Reportlng StarKlard pplicat49 In t￿ UK and Rèpubli¢ of IrelwMI {FRS 1W21 leffèctr¥e 1 2019}". The tharfty18 a PublSc B¢nefrt Entity as dofined by FRS 102. The charlty has tsken advantage ol pro4isbM in th• SORP fi>r chonW apptyw¥ FRS 102 Updat• Bulloljn 1 not to pr¢pore • Ststsment of Cash Fkhv8. Tho flnanc401 $tat•m•nts ar• pyrywed In stethy. whk* is ￿T￿nCY of the CW. Mongtsry amount3 In iho8• IJnanci•l 8tatem•nts arg r￿nd•d to the n••Test £. The 1kn8no*l stalwnents ha￿ beon urmlar ts hKltoric•l (xxt o)nv•nllon. The windpal acmunllng poIc486 adoM•d ar• 8•t oul belrm. 1J Golnq con¢•rn Al thg Ilme of appro￿n9 th8 fknanrlal statements. Ihe trusie•s hava a rea$0￿ble expectation that lh• charlty h8s adequale resources to c￿ in owrational •xist•nce for the fweeabl& future. Thus th• Iru8t••$ lo odopt th• oowvj baskn of •ccounllng In prtyaring the financ4818tsloments. IA Charlt•bl• fund• Unreslrlcled fu￿3 ar• 4v*labl• for use at lh& 4Ivx•Yon ol th8 tru$l•e5 of Ihèir ¢hadtatl• objectsves. ReslrKled fvrwJ8 are subpd lo specllk ¢ondlVons by donors or grantors as lo how thèy may b8 us•d. Tha pJrF¥)s*s and uses of Ihe reslrided fvn￿ISed on rece￿. Oiher are rgcrynisgd or￿* the tharity has bagn notifiod of the donadon. unless F*rfOrMa￿ cOndd￿n8 require defeThd of the am(xml. Incxjme lax racoverable rth lo donatk>n8 re￿ved undEr GiftAid or de8ds of menant 1$ recogrmsed at thp lkn• of the donat*)n. Leg￿e8 are recogniwd on reL*IFrt or ¢)thfjTh￿ rf the thaiity has been ￿￿fied of an impending ththbuthjn, the afflount ￿ known. and receipt is oxpe¢ted. If the ameAmt is not the 189acy is treated as • conthngent •8set 10- MERCURIALARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUAR Y2025 Ac¢ountinB poli¢l•* Icontlnu•dl 1.8 Ex￿￿11￿r* Liabikns are fe¢opnlg•d 8s expenthre as sotsn 88 thoro Ig a Ibual or oblip8tion o)mmtttOng Iho chaiity to that expendlture, It Is probable that a transfer of economK bèneifrts 7*ill b• r•quw•d in $ettlemenl and the amwnl of the oblvJalvx be ￿3¥Y￿ tethat*y. Expenditure is accounted for M an •cayals bas￿ 4nd has bg8n d859ified undef headings th•t oggre9ate 8N cost relatod to the category. Vthere (xjsts ¢8Mot bg diw¢Uy ottritrxrted lo partI￿￿&r h&adkng8 they h8vg bggn 4llocot•d to aclivib•8 on a basis co￿1$tOnt *ith tho u80 of ￿￿￿re•￿. 1.7 Tanglbl• flx•d •¥••ts Tongibltr fixed a88ets are Inttlalty measured at r4>st WKI 8ubwu•ntty me88ur•d al oxt or valuallon. nèt of depT8claUon and any impairnierrt bws. Deprèd•trJn18 recognlsed so 4$ to off the t))s1 or valU￿10n of a88ets lom their r•8ldual ¥aluo8 ovgr thelr U5efiJl lives on the folloYit*d b¥u$: Pl•nl 8ThJ mathknery F￿lUres, fft￿n9$ & ￿U￿rnent 20% on ￿>St 33% c06t The or on th• db5po8al Of￿ a•￿t Is detwmtr*ed as th• dlN8r•nc¢ betwe8n tho 8a1& proceeds and th& corrykng valu• oflh• a88et. #nd Is re¢xw180d kn Iho 8tstemanl ol fmandal •c44vW. 1.8 C••h and ¢••h •qul¥al•nts Cash and cash equivalenls indude ¢a8h in hand. hekl at c41 wlth bankJ. ot￿￿ short-term liquld Invoslmonts with oriqlnal maturi11è8 of mnths Dr l•ss. and ￿nk overdraft8. Bank ON*rdraft$ are $hown wllhkn borro•4ingB In current lthililim. 1.? Flnin¢lal In•lNThnts Th& chanty has 818cted to apF+y the wfftKJn8 of Se(*on 11 'Bast Finan¢ial Instrum•nts' and Seclbn 12 'Olher Finanual InsiTumenis1$5ue5' 01 FRS 10210 au of Its fmandal Inslwrr￿nts. Flnandal Instruments are Toc4Jgni%td kn th• charW8 bakn(• th••t th• become8 party to the contra¢lual Frfo¥iS￿rtS of Ihg instrumont. Flnancial aM•ts and Sabl￿ti￿ arn offset. wilh the not *nounts preserrted In ￿ finondal stat•menl$. when there is a legalty enforceable rlghl lo 8•t off th& recognise¢J amourlts arKI tsre h an Inl•nJon to 8gttJe on a n•1 basis orto realise the a6Set artd s•tttg th8 liabilty simuhan80usfy. asle thMnctsl•ss•ts Basic finanual assets. detrtrys and (x8h WKI b￿k balar￿s. are Inlllalty rneasured 41 transaction price indvding tr￿sact￿n costs and ar8 subsequenlty carried at amortised cost using the effecllve interest melhc¥J unle53 the ¥rrongemerrt eonsbiutes a financiw transaction. where tho transaction is measured at the wesenl value of the Tocelpts discoun1￿ at a markel rate of interest. Flnandal assets a$sified as receivatde within yw oro Mt aM￿￿ad. 11 MERCURIALARTS LIMITED NOTES TO THE FINANCIAL STATEMEKrs IcoKriNUED) FOR THE YEAR ENDED 31 JANUARY2025 A¢¢ouThtlng polkl•• {Contlnuedl 84ic IlnanclalHabHIII•s Basic financial labNtties. IndLFdiny and bank108ns ar• inttialty recognised at tr*tsadicm price unless the arrangernent con$lhules a ffinanong transactm￿. the debt hstrument Is masur8d at tho present of the future payments at a market of kknrgst. Finarthl kabilitle8 cfg8srfied as payat49 within one are Th)1 •m￿tised. Trade (y•dilors ar• obfigalrons lo pay for gc*)ds or ￿￿eS that ha￿ been a￿￿TOd in tho ordlnary course of OPOTalions from suppfi¥r3. Amounts ptyable we dassrfi8d as rJJThgnl laLMlrtieg rf paymènt is due wrthln one yfj*r or 1•88. If not. they are pres￿18d 98 nOr￿rrent lithlrbes. Trade ￿ditOrS aro rec4)9nls8d inibalty at transaction prKe and subsequenty m•asur•d at amortisod ¢))¥t usw the effecllve &it•re51 method. D•r•¢wltton ollln•neklH•bllld Financlal li0￿lItieS •e d&r¢cognised tho ¢haii¥$ ￿ntrarkn1 ob¥gation• explrn or arn di$d￿rg•d ¢anc•llgd. Doth•tlon• and l•q*cl•• R••trkt•d Restridgd funds 2026 2024 ran1$ re￿￿9b Donated gooth and 8orvixs 19,410 18,SIM) 7S,913 Grnnts r•¢•lv•bl• for corn •clJvltl•• Art$ Counc 19.410 75,913 19,410 75.913 DoMt•d good* and ••r¥l¢ Other Incom• Unr••trf¢t•d Unr••trlct•d fund¥ fund• 202S 2024 Other incoj 6,223 Olher inm rgpr08ents th• loan baknce to MonwNial Dance Ltd that has been written off as no ioThJer ￿n9 Lmved. 12- MERCURIALARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS IcoKfiNUED) FOR THE YEAR ENDED 31 JANUARY2025 Charltabh actlvlll•• 2028 2024 Jtisls and w10mian￿ o)sls Sundri86 Marketfjng 43,494 8,377 12,486 8S4 109.057 2.254 Share ol 8UFWrt C48ts 51 Share of govemance cosls Iw rM)t• ¥ 3.845 2.504 331 948 115.206 3,533 8upportGo•ts •llo¢•t•d to •¢d¥ld 2025 2024 Rent, rats8 and ub'litb Insuran¢¢ Gov•man¢e c￿$1$ 2,8ChY 837 331 6,149 1,279 N•t mov•m•nt In lund• 2025 2024 Th• not m¢)wnthtt In fvnds 18 8tat•J oftei thArglnty(eJ•drfingl.' Fees payable lo the 1*8riVs md•pondenl examirwr. . forth¢ independent examlngtTh of th• fman¢¥ol statements - for other as$uran¢e 8eM(*8 1.650 TnMt• None of thg trustee8 (or any personB wilh thun) TOn￿ngra￿ or benellts from the charfty during the year. EThploy••J The average monthty of ompknyws durfng tho year Yas: 2025 Nun*er 2024 Numb•Y -13- MERCURIALARTS LIMITED NOTES TO THE FINANCIAL STATEMEKrs (coKriNUED) FOR THE YEAR ENDED 31 JANUARY2025 Employ (C¢ntinu•dl Th&• weTO no **bo8e ￿nVOl rènKN￿J1yjn was more than £60.C*Y). T•x•tlon The chty Is ex8mpt from ts¥ on inc*Jme and gairra fallvYJ within 50L*ion 505 of the Taxes Act 1988 or saclion 252 ofthe TaxatKJn of Charg•abfe G￿nsA& 1992 to the extent that these we appl*d to its charitablè objects. fjo D•bth)rn Am¢)unts f*lllng *llhln on• y••r. 2025 2024 Trade debto 75,913 11 Cr•dknv*: amounts fallln9 du• wlthkn on• y••r 2025 2024 Tr8d• ¢r8dlorn Ott￿r creditL¥s Acttuals aThJ d•lerred Incom• 22,840 2.592 9.200 2,280 24.370 14.072 12 R•8trl¢t•d fvnd• Tho lè￿¢18d lunds cl tho C*Y1V￿ the unexpgnded balW￿ of th)natvJns and grants hald on Irust 4¢Jbj•Gt lo speofK by donors a8 to how thoy may ￿ used. At 1 F•bn*ry kncomkng Rmour Tr•n•f•M At 31 Janu*ry 2026 Coventy 2021 Arts Council- XR 73,619 37.910 (115.21￿) 3,677 75.504 37.910 1115.2C6) 3,677 1,885 -14- MERCURIAL ARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 JANUAR Y 2025 12 Re•trlctsd lund• IContinu•dl Pv•viou• p•rnd: At 1 F•bnw Reso￿tI 2023 rn*Ou￿ Trnn•fer¥ At 31 J•nu•ry 2024 Coventy 2(r21 Arts CourKil- R￿earth0n9 D￿lIa1 Art$ DvJldance Arts Coundl- Emb)ty XR 1.885 1800} <3,380) (1.239> (2.2941 75,913 73.819 75,913 (3.5331 {3.￿>) 75.504 Art5 CoLbndl- Researthlng Digit81 Arts for V4tsllbelrwJ The funding is to h81p dovelcy Dar￿ In4 to ￿dertake fesewch and d•b*h)pnxrt Iv*ards thè tt8alknn of a Pfoof of ¢onc8pl ￿rtUal reah'ty (VRI art experiènce whth wll cg)ntwcl play•r8 to their 'dance Sen￿$, to dovfrlop sdf osteom. and per8ono1 dixx)vgry thwh se1kaffiM￿titsn l*thniqu•s. in ordor lo support the devfrlownent ol ho8llh •rwJ wdknlng. Digidance Dlgl'Dance Is ￿ S￿led. actmsm profrecl that ¥lms lo Irfpro￿ & wekning rArtcome$ fi)r c*Sldr•n through the UBe ofdance a movèmenl-rèspongwo technolog*s. Arts Coundl- Emt4>ty XR Th¢$ fvnding wo$ lo support an irnrnersiNB Vlthèl Re8Nty danco art, atmgd •1 rawng menlil health awar&ness & mttigatkng anyjgty In young peoph. 13 Unmtrfctsd fund• Th• unr•strlct•d lunds ol the ch8thy cowiso the uneypended balanca of donations and grgnts whkh we not $ubJ'e¢t lo specific condilions by don￿ and gr•nlors as to may ￿ usgd. These indude deslgnatgd funds which haw been set asido out of unrestrided lunds by tfu$l￿S for sp8dfic purpo8es. At 1 F•bruary In¢ornlng Trnn•f•rn At 31 ￿ny￿ry 2025 G•Mral lund8 (4.7361 6.223 (3,67n 12.1801 Pr•vlous wlod: At 1 F•bry•ry Incornkng 2023 ff••oure•s Trnn•f•r• At 31 January 2024 General funds (8,￿) 14.7381 15- MERCURIALARTS LIMITED NOTES TO THE FINANCIAL STATEMEKrs (coKriNUED) FOR THE YEAR ENDED 31 JANUARY2025 14 Analysis of n•t4•th1 b•iw••n fund• Totsl lund• 2026 fund• 2026 202S At Jl January 202S= Current assel8jll￿b11t1os} 12.1 1.885 13051 (2,19)) 1.885 {305) Unr••trlct•d RMtrlct•d fund• lun 2024 2024 Totsl 2024 At 31 J•nu•ry 2024: Cwronl assetsll18N￿Os) (4.736) 7S.504 70.768 {4,738) 75,504 70,768 16 R•lat•d yrty tr•n•actlon• Tran4*¢tlon• f*lth y•l*t•d p•rtl•• Dudng tho y•8r lh• ¢h•dty ent8f•d into Iho lokning partlos.. Durfng the year rt￿11ty f••s of £32,508 (2024- £0) to Mu￿￿11 Dan￿ un￿1•￿, a ts)M￿Y of whl¢h O Scott 15 a dlrndor and sharehohjer. At th• IAar*ce 8heel dgle £22,84012024 - £2.5921 was owed in Ir8d& debts lo Mercur￿1 Dance LKnited. Al th& b8lanc* sheol date a lo•n b818n¢• of £0 r2024 - £9.200) was owed to Mar￿￿81 Donc* Llrnited. A balanc• 01 £6,223 has been wrltten off during the CLVMI yoar and Inc4uded in th• thaiity's Incomkng resourc•8.