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← Coda Dance Company

2024-03-31-accounts

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CONTENTS

PAGE INFO

03

R E F E R E N C E & A D M I N I S T R A T I O N I N F O R M A T I O N

04

O B J E C T I V E S & A C T I V I T I E S

06

A C H I E V E M E N T S & P E R F O R M A N C E

13

S T R U C T U R E , G O V E R N A N C E & M A N A G E M E N T

15 F I N A N C I A L R E V I E W

22

N O T E S F O R M I N G P A R T O F T H E F I N A N C I A L S T A T E M E N T S

02

CODA DANCE COMPANY

TRUSTEES' REPORT FOR YEAR END 31 MARCH 2024

The trustees, who are directors for the purposes of company law, present their annual report together with the financial statements of the charitable company for the year ended 31 March 2024, in compliance with s414C of the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE INFORMATION

Charity Name Charity Registration No. Company Registration No. Registered Address

CoDa Dance Company 1155551 08535690 40 Laird Avenue Grays Essex RM16 2NP

CHARITY TRUSTEES

Chairperson Hayley Roffey Secretary Sarah Adadi Trustee Anne-Marie Aubrey Daran Akintola Victoria Busfield Hannah Lockyer Amanda Clements Emily McWhirter Emily Parkman Sandra Cottrell Carolyn Riozzie Liza Ward Emelyne Burkhard Rufaro Maposa

(Maternity leave commencing 22 Nov 2022) (Resigned 21 November 2023) (Resigned 21 November 2023) (Appointed 21 November 2023) (Appointed 21 November 2023) (Appointed 7 February 2024) (Appointed 7 February 2024) (Appointed 22 May 2024) (Appointed 22 May 2024)

ACCOUNTANTS

Holy Brook Associates, Curious Lounge, 20 Tudor Road Reading, RG1 1NH

03

OBJECTIVES

CHARITY’S PURPOSE AND VALUES

CoDa is an award-winning, socially driven, female & disability-led dance company telling real life differently.

More than 10 million people in the UK live with a neurological condition and a further 850,000 people care for them. Every year, 600,000 people are newly diagnosed and it’s estimated that one in six people in the UK will experience a neurological condition in their lifetime.

Despite this, CoDa’s beneficiaries tell us that they feel unseen and hidden from the world. CoDa creates immersive dance experiences with, by and for neurodisabled people that gets them moving, brings their symptoms and their stories to light, and challenges perceptions of conditions such as Multiple Sclerosis, Parkinsons and Acquired Brain Injury.

CoDa has a 11-year track record of creating site-specific, Extended Reality and stage productions, alongside workshop and education programmes. We are committed to working with marginalised people, with a particular focus on neurological conditions and those who would not otherwise access dance.

CoDa specialise in dance and neurology, delivering exceptional participatory projects in hospitals and communities for people that experience neurological conditions and disabilities, including (but not exclusively) Multiple Sclerosis, Parkinson’s, and Acquired Brain Injury. We give people joyful and meaningful experiences that inspire creativity and curiosity.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

04

OBJECTIVES

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of CoDa Dance Company for the purposes of company law) are responsible for preparing the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

05

ACHIEVEMENTS & PERFORMANCE

PRODUCTIONS

In 2023/24 CoDa completed the research for its latest installation work, Don’t Look Down, an interactive experience incorporating clever sensor technologies, stunning digital design, and virtual reality. With a concept created and delivered by CoDa’s Artistic Director, Don’t Look Down successfully fused contemporary dance with virtual and augmented realities in short digital dance films that illuminated the stories of the neurologically disabled Lived Experience Consultants (LECs) who collaborated on the project. A paper written by CoDa’s Executive Director & Creative Producer about the process was published in Arts Professional and seen by over 300 people marking CoDa as a serious Company delivering art & technology. Subsequently CoDa

was invited to present its findings at a Conference on Technology, Innovation, Entrepreneurship and Education at Cambridge University.

“I don’t know how you’ve done it, but it's

like you’ve taken everything we said, our stories, what we told you. You’ve taken all that from our brains and put it there for everyone to see. It's like you’ve listened to everything we said and made something from it.” LEC 2023

Positive feedback from the initial testing of the work will inform CoDa’s distribution of the installation, enabling people without direct experience of neurological conditions to get a glimpse into what it’s like to live with some of the unusual symptoms of neuro-disabilities and extend their empathy and understanding as a result.

06

ACHIEVEMENTS & PERFORMANCE

OUR BENEFICIARIES

225 workshops were delivered across all CoDa Activities

2,589 people took part as participants in our workshops

12 sessions were delivered to 788 under 19 year olds including Dance and Tech Arts Outburst, Young Producer’s Workshops and Youth Dance Workshops for Years 7,8,9 & 10

1,636 Patients with neurological conditions took part in dance and tech workshops live and online

27 Freelance Artists and Collaborators explored new ways of making work; created exciting new experiences for audiences to engage with dance and delivered first class workshops

12 Volunteers DfN volunteers from RHN and student placements supported us to deliver work throughout London and the South East

63 specialists attended presentations by CoDa on Dance and Neurology

180 Audience Members saw our work live as part of initial testing

10 people now sit on CoDa’s Board

4 Neurodisabled Lived Experience Consultants supported us to steer our creative work

“I just want to say thank you so much, I never see people smile and laugh the way you do and you have put a smile on my face. This place is often full of sadness and worry so you two are a breath of fresh air.” Patient family member

07

ACHIEVEMENTS & PERFORMANCE

DANCE FOR NEUROLOGY

CoDa continued to expand its Dance for Neurology (DfN) programme during 2023/24, with 225 workshops delivered to 2,589 people, mainly patients & families with severe neurological conditions. There was a marked change in the impact of the work on hospital staff, with senior staff in particular seeing a change in patient behaviour and giving CoDa more support across the wards.

“We have a cohort of patients with Huntington’s disease whose fixations and perseverations are reduced whilst they are engaged in the group. This has a long term positive impact on their health and wellbeing, not to mention the subjective reviews of enjoyment from individuals (including staff!).”

Kathryn Merrison, Occupational Therapist on Wellsley Ward RHN

08

ACHIEVEMENTS & PERFORMANCE

DANCE FOR NEUROLOGY CONT...

Data analysis of participants on the wards showed an increase in uptake of the offer and more individual patients taking part in more sessions. CoDa’s work was delivered to patients across Chatsworth, Devonshire, Haberdashers, Andrew Reid, Combs, Hunter Glyn, Wellesley, Wolfson and Drapers Wards.

“It felt like I was floating. I had no pain. It was like I was having an out of body experience and my Parkinson’s was gone.”

“The one thing I’ll never forget is how you helped me to dance. The way you helped us to use contact with each other - it was the only time of the week I was able to be touched by someone when it wasn’t to stick a needle or a catheter in me. You’ve no idea how much those sessions meant to me.” Residential in-patient

A further expansion of the inclusion of patients’ families was also had, CoDa noting the positive impact on patient/family relationships & understanding of complex conditions. For many, the experience of being with family members in a non-medical context - and feeling the joy of movement / dancing was revelatory:

"I'd go mad without it [dance sessions]. They use inspiring and inventive ways to encourage everyone to take part, including myself. I've also got to meet other patients on the ward and know them by name. It's a social lifeline, not just for Steve but also for me." Anne, partner of Steve (an RHN in-patient) who has severe mobility and communication issues

As part of this programme, CoDa began to test how to deliver DfN workshops with the addition of the Creative Technologies developed during the R&D phase of Don’t Look Down, further extending the Company’s knowledge and expertise in this area. Artistic Director Nikki Watson also used the experience of families and patients moving together to begin work on CoDa’s next project - Our World’s Collide - which will be more fully researched in 2024/25.

09

ACHIEVEMENTS & PERFORMANCE

LIVED EXPERIENCE CONSULTANTS (LECS)

A key part of CoDa’s work during 2023/24 was the continuing development of a group of Lived Experienced Consultants (LECs) able to inform, support and deliver with the Company. The Company invested in specific training and mentoring in arts practice, with the LECs being involved in the making and testing of Don’t Look Down.

Teresa is one of CoDa’s LECs, meeting CoDa during her rehab at Royal Hospital for Neurology where the Company delivers Dance for Neurology. Having spent four and a half months in intensive care with quadriplegic Guillain-Barré Syndrome, Teresa had to learn how to do everything all over again. The CoDa team came into the hospital several times a week, involving Teresa in the dance sessions.

“It was very important for me when I was a patient for people to treat me like a human being, seeing me and not just what had happened to me. That’s what CoDa do”.

As part of a group, CoDa started off by talking about their own experiences, finding that even though all had very different experiences, there were common links. All wanted to be seen. Gradually a small group of people were asked to be involved in feeding back on the work CoDa was making, with the feedback informing the next stage of the process.

Four LECs in 2023/24 became part of the CoDa team, giving invaluable insights into a range of processes undertaken by the Company. Plans for 2024/25 include recruiting a new cohort of LECs; bespoke training days and input in the operational side of CoDa.

10

ACHIEVEMENTS & PERFORMANCE @ GROWTH & DEVELOPMENT

2023/24 saw another year of significant growth for CoDa as it delivered its first year as an Arts Council England National Portfolio Organisation (NPO). The Company undertook a sustained period of organisational and staff development, moving both the Artistic Director and Executive Director/Creative Producer to PAYE and developing its systems to underpin this. New Job Descriptions and Leadership Roles were also drawn up and discussed with the Board.

In 2023/24 CoDa undertook recruitment processes to grow the core staff team, bringing in a new Executive Assistant and developing a new General Manager role which was successfully recruited at the end of the financial year. CoDa’s Marketing & Comms function was further enhanced through the addition of experienced marketing support and Executive support was brought to complete reporting requirements. In addition to this capacity building , CoDa was able to continue to employ more freelance artists than our previous year - 27 in all - a considerable achievement in the challenging environment our Sector continues to inhabit.

11

ACHIEVEMENTS & PERFORMANCE

NATIONAL PORTFOLIO ORGANISATION (NPO)

Our inclusion in ACE’s prestigious National Portfolio (2023-26) is a significant milestone in our journey as a dance company and a recognition of our dedication to artistic excellence and pioneering digital dance works that challenge perceptions of disability. 2023/24 was the first year of this NPO programme.

CoDa successfully delivered on the majority of its stated Investment Principles and Activity Outcomes as set out in its NPO Funding Agreement. CoDa’s successful NPO programme 2023/24 included:

CoDa received a positive Annual Review of its work 2023/24 from its Arts Council England Relationship Manager, the Review recognising the growth in staff and governance capacity and CoDa’s delivery of high quality work.

12

STRUCTURE, GOVERNANCE & MANAGEMENT . GOVERNING DOCUMENT

The charitable company is controlled by its governing document, the Memorandum and Articles, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

TRUSTEE SELECTION

We would like to welcome Sandra Cottrell, Emily Parkman, Liza Ward and Carolyn Riozzie to the Board of Directors.

We would like to thank Emily McWhirter and Amanda Clements for their time with CoDa, and wish them all the best for the future.

We continue to diversify our Board and Senior Leadership to further reflect the demographics of our participants and community. Of the 10 Trustees who volunteered their time and expertise for CoDa in the past year, 20% identify as being D/deaf and/or disabled, or having a long term health condition; 70% identify as female or non-binary; 10% as Black African; and were aged between 30-59.

ORGANISATIONAL RISK MANAGEMENT

The Board of Trustees, with the Artistic Director (AD), Executive Director, and the staff team, keep organisational risk under review and mitigate risk with a range of measures including: insurance, planning, performance monitoring, policies, and procedures. To meet contractual and legal obligations and deliver operational objectives, the Board agrees the broad annual programme, plans, and budget, and monitors performance during the year.

13

STRUCTURE, GOVERNANCE & MANAGEMENT

ORGANISATIONAL RISK MANAGEMENT CONT.

The Trustees identified the following to be the key risks to the organisation 2023/24 along with the mitigating actions to be undertaken:

14

FINANCIAL REVIEW

CoDa has continued to experience exceptional growth, with income increasing by over 110% on the previous year. This impacts the charity’s need to increase its reserves and unrestricted funding.

FINANCIAL RISK MANAGEMENT

The Board of Trustees, with the Artistic Director and Finance Manager, keep funding risk under review and mitigate risk with a range of measures including: planning, performance monitoring, policies, and procedures.

Company activity programmes are mainly run with advance secured funding to ensure that any income risk is well managed. Residual risk is assessed and informs the Reserves Policy, which includes financial and non-financial risks.

Risk that funding will not cover core costs is mitigated by ensuring the Project Funding has contributions to core costs and securing core funding (from People’s Postcode Trust and, ACE as NPO). CoDa will continue to develop the programme in a way that diversifies our income from a range of funders including: Arts Council England, National Lottery Community Fund, People’s Postcode Trust, City Bridge Trust, along with other trusts & foundations, statutory funders, and earned income from consultancy, workshops, and training. Projects are operated on a fullcost recovery basis to cover overheads and staffing not covered by core funding.

RESERVES POLICY

The Reserves Policy aims to maintain reserves at the minimum level required to manage risk, support organisational resilience and enable investment in development. This supports strategic financial management and accountability. The Board of Trustees will at times designate funds from free reserves for significant project costs or replacement of major assets. As part of our NPO grant, we are building reserves to the minimum level (3 months), alongside building designated funds to cover redundancies in the unlikely event of the company “winding-up”.

At 31 March 2024, the Unrestricted and undesignated funds of £47,392 are deemed sufficient to meet the reserves policy.

15

FINANCIAL REVIEW

FUNDS AVAILABLE

The Funds held at 31 March 2024 totalled £141,241 (2023: £81,157) of which £57,972 (2023: £73,039) related to Restricted funds. Unrestricted funds totalled £83,268 (2023: £8,118).

The Trustees have chosen to designate a proportion of unrestricted funds to a specific piece of work known as Don’t Look Down, at the 31 March 2024, the funds designated were £35,875. Undesignated funds totalled £47,392.

FUNDERS

We would like to extend our gratitude and thanks to our funders who make the work possible, and enable us to impact the lives of those who need us the most. Continued multi-year funding, and additional unrestricted Core funding from Arts Council England, National Lottery Community Fund, People’s Postcode Trust and City Bridge Trust has enabled us to increase the number of people we reach in our DfN programme and the further development of the Don't Look Down installation assets. It has enabled the delivery team to grow, and allowed our AD to focus on internal talent development, and increase our facilitation team. We have managed to work on an increasing number of wards in RHN and with other London Hospitals as well as growing our work locally in Thurrock and South Essex.

Additional project funding from Thurrock CVS, Through Council and Essex Community Fund had supported CoDa to embed more of our work locally and supported us during this period of ongoing growth.

16

FINANCIAL REVIEW

THE FUTURE

Thanks to the generous support mentioned above, CoDa will further develop its work in dance, health, and immersive technologies over the next 3 years. The creation of innovative income-generating artistic assets will benefit the lives of our participants and ensure a sustainable future for the company.

Our Dance for Neurology programme will expand with new partners, with a specific focus on CoDa evidencing impact on patients health outcomes, increasing its delivery capacity and becoming ‘commissioning ready’ with NHS and Private Health providers to bring in income for its expertise. We will work to incorporate Extended Reality Technologies into the programme to further extend the patient experience.

Our Immersive Digital Dance Installation will develop a number of iterations able to tour to diverse settings including those aligned to health, arts and education - engaging and educating audiences in the complexities of neurological conditions. The development of distribution networks for this work will also bring in income.

CoDa will develop and implement comprehensive artist training to increase capacity and expertise in both Dance for Neurology and more generally in working with disabled artists and participants that will enrich the arts and health sectors.

Finally, we will develop new work that will result in a groundbreaking Mixed Reality Dance production, merging live in-person dance performance with cutting edge immersive technologies for the benefit of all who engage with it.

Approved by the trustees of the charity and signed on its behalf by:

Hayley Roffey, Chairperson

TAK

17

INDEPENDENT EXAMINERS REPORT

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect,:

I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed, Rachel Eden (eetabite

18

STATEMENT OF FINANCIAL ACTIVITIES

Statement of Financial Activities for the Year Ended 31 March 2024

Including Income and Expenditure Account & Statement of Total Recognised Gains and Loses for CoDa Dance Company

Income and
Endowments from:
Note
Donations and
Legacies
2
Investment Income
3
Charitable Activities
4
Total Income
Expenditure on:
Raising funds
5
Charitable activities
6
Governance costs
9
Total Expenditure
Net (expenditure) /
income for the year
(before other gains /
(losses)
Total funds brought
forward
Transfer between
funds
Total funds carried
forward		 Unrestricted
funds
£
137,526
1,199
26,030		 Restricted
funds
£
-
-
157,146		 Total 2024
£
Total 2023
£
137,526
2,638
1,199
28
183,176
147,194
164,755
180
103,601
4,507
108,288
56,467
8,118
18,683
83,268		 157,146
-
150,492
3,038
153,530
3,616
73,039
(18,683)
57,972		 321,901
149,860
180
191
254,093
105,225
7,545
6,146
261,818
111,562
60,083
38,298
81,157
42,859
-
-
141,240
81,157

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The Notes on pages 22 to 32 form part of these Financial Statements.

19

BALANCE SHEET

CoDa Dance Company Balance Sheet as at 31 March 2024

Fixed assets
Note
Tangible assets
10
Current assets
Debtors
11
Cash in hand at
bank
Creditors:
Amounts falling
within one year
12
Net current
assets
Net assets
Funds of the
charity:
Unrestricted
funds
13
Restricted funds 13
Total funds		 Unrestricted
Funds
£
1,554
228
82,824
(1,338)		 Restricted
Funds
£
-
101
57,871
-		 2024
2023
Total
Funds
£
Total
Funds
£
1,554
-
329
381
140,695
81,273
(1,338)
(497)
81,714
83,268		 57,972
57,972		 139,686
81,157
141,240
81,157
83,268
8,118
57,972
73,039
141,240
81,157

Directors Responsibilities:

For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

20

BALANCE SHEET CONT... ™ . Fp™™ ™ = These financial statements have been prepared in accordance with the special —™ provisions of Part 15 of the Companies Act 2006 relating to small companies and = with the provisions of the Statement of Recommended Practice ‘Accounting and reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) issued in October 2019 by the Charity Commission.

The financial statements on pages 19 to 20 were approved by the trustees and signed on their behalf by:

Hayley Roffey, Chairperson

The Notes on pages 22 to 32 form part of these Financial Statements.

21

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

(a). Basis of Preparing the Financial Statement

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

(b). Going Concern.

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparation of the accounts.

22

CONT...

(c). Incoming Resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

The following policies are applied to particular categories of income:

(d). Resources Expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Charitable Expenditure which comprises those costs which are incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Costs of generating voluntary income are those incurred in seeking voluntary income.

Governance costs are those incurred in meeting the charity's constitutional and statutory requirements. They include the Independent Examination fees and other costs linked to the strategic management of the charity.

All other expenditure has been allocated to the headings in the SOFA on the basis of the time spent by the executive officer.

23

CONT...

(e). Taxation

The charitable company is exempt from corporation tax on its charitable activities.

(f). Defined Contribution Pension

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in the Statement of Financial Activities when they fall due. Amounts that are not paid are shown in creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

(g). Fixed Assets

Fixed assets (excluding investments) are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 4 years. Impairment reviews are carried out as and when evidence comes to light that the recoverable amount of a functional fixed asset is below its net book value due to damage, obsolescence or other relevant factors.

( h). Debtors

Trade debtors, prepayments and other debtors are valued at the amount paid in respect of future accounting periods.

(i). Cash At Bank And In Hand

Cash at bank and in hand include cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or openings of the deposit or similar account.

(j). Creditors

Trade creditors, accruals and other creditors are recognised when there is an obligation at the year-end as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement and the amount of settlement can be estimated reliably.

(k). Financial Instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

24

CONT...

(l). Fund Accounting.

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.

Restricted funds can only be used for particular restricted purposes within the objects of the charitable company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Provision is made in the majority of restricted funding streams for management and administration costs. These costs are borne within unrestricted funds and then an appropriate transfer is made in accordance with the funding agreement.

2. Donations

Unrestricted
£
Arts Council
NPO
137,500
Local Giving
-
Co-Operative
Society
-
Amazon
Smile
26
Donr Ltd
137,526
Unrestricted
£
Investment
Income
1,199
3. Investment Income		 Unrestricted
£
137,500
-
-
26		 Restricted
£
-
-
-
-		 2024 Total
£
2023 Total
£
137,500
-
-
1,423
1,186
26
26
3
137,526 137,526
2,638
Restricted
£
-		 2024 Total
£
2023 Total
£
1,199
28

25

CONT...

4. Income from charitable activities

Unrestricted
£
Restricted
£
2024 Total
£
2023 Total
£
Arts Council England
-
55,272
55,272
55,273
Essex Community
Foundation
-
3,000
3,000
-
City Bridge Trust
-
2,400
2,400
10,560
National Lottery
Community Foundation
-
9,2504
9,2504
75,556
Workshop Fees
980
3,970
4,950
725
VSDF Community
Foundation
-
-
-
4,000
Albert Hunt Foundation
-
-
-
1,000
Postcode Lottery
25,000
-
25,000
-
Other Revenue
50
-
50
80
26,030
157,146
183,176
147,194
Unrestricted
£
Restricted
£
2024 Total
£
2023 Total
£
Fundraising
Support Costs
-
-
-
95
Local Giving Fee
180
-
180
191
5. Raising Funds		 Unrestricted
£
-
-
-
-
980
-
-
25,000
50		 Restricted
£
55,272
3,000
2,400
9,2504
3,970
-
-
-
-		 2024 Total
£
2023 Total
£
55,272
55,273
3,000
-
2,400
10,560
9,2504
75,556
4,950
725
-
4,000
-
1,000
25,000
-
50
80
26,030 157,146 183,176
147,194

26

----- Start of picture text -----
2023 Total
----- End of picture text -----

CONT...

6. Expenditure on Charitable Activities

Staff Costs
Contractor Costs
Training
Travel & Expenses
Admin & Stationery
Access Costs
Evaluation
Consultancy
Volunteer Costs
Subscriptions
Costume, Set & Materials
Marketing
Rent
Total charitable
expenditure		 Unrestricted
£
60,022
25,856
115
6,524
816
8,771
-
-
-
642
158
217
480		 Restricted
£
34,537
82,691
1,098
4,730
7
10,491
2,002
6,300
4,710
764
3,162
-
-		 2024 Total
£
2023 Total
£
94,559
-
108,547
91,866
1,213
455
11,254
4,832
823
138
19,262
350
2,002
-
6,300
5,250
4,710
159
1,406
1,188
3,320
781
217
206
480
-
103,601 150,492 254,093
105,225

7. Trustee Remuneration

No trustees received any remuneration during the year (2023: Nil). Trustee expenses totalled £124 (2023: £nil) for the year ending 31 March 2024.

27

CONT...

8. Employee & Contractor Costs

Wages & Salaries
Employers NI
Pension Costs
Total Staff costs		 2024
£
2023
£
87,363
-
4,881
-
2,315
-
94,559
-

The average number of full time equivalent employees during the year was 2 (2023 - nil). The average headcount of employees during the year was 2 (2023 - nil). No employees received emoluments exceeding £60,000 per annum (2023 - none).

Facilitators
Core
Marketing Manager
Company Manager
Project & Admin
Manager
Collaborators
Producer
Dancers
Total		 Unrestricted
£
225
-
6,300
12,818
-
2,150
-
4,363		 Restricted
£
35,517
-
6,705
10,544
-
13,271
14,104
2,550		 2024 Total
£
2023 Total
£
35,742
28,045
-
27,180
13,005
-
23,362
2,456
-
765
15,421
4,420
14,104
24,900
6,913
4,100
25,856 82,691 108,547
91,866

The average number of persons employed as contractors by the charity during the year was as follows:

the year was as follows:
2024 2023
Average number of contractors 9 7
Average headcount expressed as a
full-time equivalent		 4 2.36

28

CONT....

9. Governance Costs

Accountancy &
Independent Examination
Insurance
Depreciation
Trustee Expenses		 Unrestricted
£
3,524
404
455
124		 Restricted
£
2,634
404
-
-		 2024 Total
£
2023 Total
£
6,158
2,901
808
793
455
2,452
124
-
4,507 3,038 7,545
6,146

10. Tangible Fixed Assets

Cost Fixtures & Fittings
£		 Total
£
At 1 April 2023 7,847 7,847
Additions 2,009 2,009
At 31 March 2024 9,856 9,856
Depreciation
At 1 April 2023 7,847 7,847
Charge for the year 455 455
At 31 March 2024 8,302 8,302
Netbook Value
At 31 March 2024 1,554 1,554
At 31 March 2023 - -

11. Debtors: amounts falling due within one year

Trade Debtors
Prepayments		 2024
£
2023
£
-
-
329
381
329
381

29

2024
£
2023
£
Trade Creditors
672
97
Pension payable
66
-
Accruals
600
400
1,338
497
Opening
Funds
£
Income
£
Expenditure
£
Unrestricted Funds
General Fund
8,118
122,960
(92,871)
Designated - Don’t
Look Down Fund
-
41,795
(15,417)
Total Unrestricted
Funds
8,118
164,755
(108,288)
Restricted Funds
City Bridge Trust
386
2,400
(525)
National Lottery
Community Fund
34,278
92,504
(62,966)
Arts Council England
Project Installation
22/23
38,375
62,242
(90,039)
Total Restricted Funds
73,039
157,146
(153,530)
Total Funds
81,157
321,901
(261,818)
CONT...
12. Creditors: amounts falling within one year
13. Movement in Charity Funds		 2024
£
2023
£
Trade Creditors
672
97
Pension payable
66
-
Accruals
600
400
1,338
497
Opening
Funds
£
Income
£
Expenditure
£
Unrestricted Funds
General Fund
8,118
122,960
(92,871)
Designated - Don’t
Look Down Fund
-
41,795
(15,417)
Total Unrestricted
Funds
8,118
164,755
(108,288)
Restricted Funds
City Bridge Trust
386
2,400
(525)
National Lottery
Community Fund
34,278
92,504
(62,966)
Arts Council England
Project Installation
22/23
38,375
62,242
(90,039)
Total Restricted Funds
73,039
157,146
(153,530)
Total Funds
81,157
321,901
(261,818)
CONT...
12. Creditors: amounts falling within one year
13. Movement in Charity Funds		 2024
£
2023
£
Trade Creditors
672
97
Pension payable
66
-
Accruals
600
400
1,338
497
Opening
Funds
£
Income
£
Expenditure
£
Unrestricted Funds
General Fund
8,118
122,960
(92,871)
Designated - Don’t
Look Down Fund
-
41,795
(15,417)
Total Unrestricted
Funds
8,118
164,755
(108,288)
Restricted Funds
City Bridge Trust
386
2,400
(525)
National Lottery
Community Fund
34,278
92,504
(62,966)
Arts Council England
Project Installation
22/23
38,375
62,242
(90,039)
Total Restricted Funds
73,039
157,146
(153,530)
Total Funds
81,157
321,901
(261,818)
CONT...
12. Creditors: amounts falling within one year
13. Movement in Charity Funds		 2024
£
2023
£
Trade Creditors
672
97
Pension payable
66
-
Accruals
600
400
1,338
497
Opening
Funds
£
Income
£
Expenditure
£
Unrestricted Funds
General Fund
8,118
122,960
(92,871)
Designated - Don’t
Look Down Fund
-
41,795
(15,417)
Total Unrestricted
Funds
8,118
164,755
(108,288)
Restricted Funds
City Bridge Trust
386
2,400
(525)
National Lottery
Community Fund
34,278
92,504
(62,966)
Arts Council England
Project Installation
22/23
38,375
62,242
(90,039)
Total Restricted Funds
73,039
157,146
(153,530)
Total Funds
81,157
321,901
(261,818)
CONT...
12. Creditors: amounts falling within one year
13. Movement in Charity Funds		 2024
£
2023
£
Trade Creditors
672
97
Pension payable
66
-
Accruals
600
400
1,338
497
Opening
Funds
£
Income
£
Expenditure
£
Unrestricted Funds
General Fund
8,118
122,960
(92,871)
Designated - Don’t
Look Down Fund
-
41,795
(15,417)
Total Unrestricted
Funds
8,118
164,755
(108,288)
Restricted Funds
City Bridge Trust
386
2,400
(525)
National Lottery
Community Fund
34,278
92,504
(62,966)
Arts Council England
Project Installation
22/23
38,375
62,242
(90,039)
Total Restricted Funds
73,039
157,146
(153,530)
Total Funds
81,157
321,901
(261,818)
CONT...
12. Creditors: amounts falling within one year
13. Movement in Charity Funds
73,039
81,157		 157,146
321,901		 (153,530)
(261,818)		 (18,683)
57,972
-
141,240

CONT...

Transfers between funds represent donations agreed with funders towards general running costs of the charity.

The Trustees designated a proportion of the Arts Council NPO funding to the Don’t Look Down project, this funding will be used for the creation and subsequent touring of the new work created by Coda Dance Company.

30

CONT....

14. Related Party Disclosures

Trustee expenses of £124 were claimed in the year to 31 March 2024. There were no expenses claimed in 2023. There were no other related party transactions during the year.

15. Ultimate Controlling Party

There is no ultimate controlling party at the balance sheet date.

16. Company Limited by Guarantee

CoDa Dance is a Company limited by guarantee. The liability of each member is limited to £10 by guarantee.

17. Prior Year Net Assets by Fund

Notes
FIXED ASSETS
Tangible Assets
10
CURRENT ASSETS
Debtors
11
Cash at Bank & In Hand
CREDITORS
Amounts Falling Due Within One Year 12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
Unrestricted Funds
13
Restricted Funds
13
TOTAL FUNDS		 Unrestricted
Funds
£
-
280
8,255
(417)		 Restricted
Funds
£
-
101
73,018
(80)		 2022
Total
Funds
£
-
381
81,273
(497)
8,118
8,118		 73,039
73,039		 81,157
81,157
8,118
73,039
81,157

Please note: We use peach coloured backgrounds on all of our documents because this colour can be beneficial for readability, particularly for neurodivergent people and people with dyslexia.

31

ARTISTIC DIRECTOR Nikki Watson +44(0) 7429 040 922 nikki@codadance.com

EXECUTIVE DIRECTOR & CREATIVE PRODUCER Elise Phillips +44(0) 7740 093 230 elise@codadance.com