COMPANY NUMBER 08535690 CHARITY NUMBER 1155551
Contents Page Info 03 Reference & Administration Information 04 Our Purpose & Values 05 Statement of Trustees. Responsibilities 06 A Word From Our Co-chairs & Artistic Director 13 Achievements & Performance 16 Structure. Governance & Management 18 Financial Review 25 Notes Forming Part of the Financial Statements Please note: We use peach coloured backgrounds on all of our document5 because this colour can be beneficial for readability. particularly for neurodivergent people and people with dyslexia. 02
Reference & Administration Information Trustees, Report for Year End 31 March 2025 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 2025, in compliance with s414C of the Companies Act 2006. Charlty Name Charity Registratlon No. Company Registration No. Registered Address CoDa Dance Company 1155551 08535690 Room 6, The Beehive Community Resource Centre Grays. Essex, RM17 6XP Charity Trustees Chairperson Hayley Roffey Sarah Adadi (Appointed Co-chair 30 October 2024) Secretary Sarah Adadi (Appointed 1 October 2024) Trustees Anne-marie Aubrey Daran Akintola Victoria Busfield Hannah Whyte Emily Parkman Sandra Cottrell Carolyn Riozzie Liza Ward Emelyne Burkhard (Appointed 22 May 2024) Rufaro Maposa (Appointed 22 May 2024) Neil Martin (Appointed 24July 2024) Accountants Holy Brook Associates. Curious Lounge, 20 Tudor Road Reading, RG1 1 NH 03
Our Purpose & Values CoDa is an award-winning. socially driven. female & disability-led dance company creating work with and for people profoundly impacted by neurological disability At CoDa, we believe in the transformative power of movement and expression to improve lives and foster inclusion for those living with neurological disabilities. The Trustees confirm that CoDa has complied with the requirements of section 17 of the Charities Act 2011 by ensuring all our activities are carried out to advance the public benefit, in line with guidance issued by the Charity Commission for England and Wales. We are committed to making a meaningful and lasting difference in the lives of people impacted by neurological disabilities. 04
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 Kingdorn 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: select suitable accounting policies and apply them consistently; obsepde the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the Financial Statements,. and prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 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
A Word From Our Co-chairs 2024-25 saw a pivotal moment in the CoMpanS leadership. developing our board. bringing in diverse perspectives and strengths that have served to enhance our mission and expand our reach. Additionally, we introduced a Co-chair leadership model inline with our company values to continually push the boundaries of the status quo in the third sector. The introdLJCtion of the shared Co-chair role marks a pivotal moment in our leadership, allowing us to share leadership responsibilities helping to distribute the workload, preventing burnout and enabling more sustainable governance practices. Over the past year, CoDa Dance Company has experienced tremendous success with our artistic programmes, with the creation of Beyond the Darkness showcasing innovative creative technology and winning the Unlimited Award to develop a new work. We take immense pride in our collective achievements and the impact we have made through our charity initiatives, drawing in audiences and participants alike. As we embark on this exciting chapter, we are excited to continue the growth of CoDa whilst nurturing creativity and collaboration. ensuring the company continues to enable artistic expression from everyone it touches and continuing to push for dance as an artform that creates social change. Together, we look forward to working with the rest of the Board and CoDa Team in shaping a bright future for our organisation, anchored in shared vision and dedication to impacting the lives of those profoundly impacted by neurological disabilities. Sarah Adadi and Hayley Roffey 06
A Word From Our Artistic Director l am absolutely delighted with the progress CoDa has made this year. All our Audience Development efforts and planning have truly come to fruition. Our flagship programme. Dance for Neurology. has continued to flourish. expanding into various hospitals and communlty settings to meet the growlng demand. An increasing number of individuals. health professionals. and statutory services recognise the benefits of creative health solutions. As I've emphasised over the years. our work is not merely a 'nice to have,: it's a proven health intervention for neuro-dlsabled Indlvlduals. provldlng profound benefits not only to patients but also to families and staff members. As our team has grown, so has our leadership approach. As a disabled-led organisation, we are acutely aware of the challenges many face. Throughout the year, we have explored innovative methods to adapt our working practices, ensuring we continue to provide excellent support while achieving our goals. l am particularly proud of our artist training program, which has equipped nine artists with the foundational methodology of Dance for Neurology, three of whom successfully undertook further paid trainee roles and one person joined the team as an Assistant Facilitator. Supporting artist and staff development remains crucial to maintaining the calibre of our work, which is evidenced by the ongoing demand for our services. Continues >>
A Word From Our Artistic Director (cont'd) Excellence permeates our artistic endeavors. To ensure accountability to those our work impacts, our Lived Experience Consultants (LECS) guide our artistic choices, exemplified in projects like Beyond the Darkness and initial efforts on Our Worlds Collide. Beyond The Darkness is iterative in its nature mea ning its tourability is high, having already been to hospitals, community settings, libraries and tech festivals. The future of the work looks promising, with bookings secured for the first half of next year. Having this out on tour will continue to raise awareness of neurological disabilities and those most profoundly impacted by the conditions, whilst I can focus on the development of Our Worlds Collide. l am delighted to announce that we are a partner for Unlimited and Sadler's Wells with Our Worlds Collide, meaning I can start to truly realise the potential of this deeply personal work. As we enter 2025-26, I'd like to acknowledge the acutely changing and challenging environment that arts, health and charity sectors continue to face, and want to raise my cap to our colleagues across the third sector. In collaboration, partnerships and trust, we will continue to push for social change through dance and the arts. Nikki Watson OB
Achievements & Performance Our Reach 22.629 People were reached across all CoDa activities across Thurrock. London. Somerset. Brighton and Hove. Cambrldge. Basildon. Norwich and Thessaloniki (reach 2024125 included) 10,000 Online audiences and radio listeners 8,991 Audience members 3,091 Hospital patient participants with neurological disabilities 436 Online readership of publications 282 Under 19 year olds in community and educational settings 114 Industry specialists from arts, culture, health and technology 98% of participants identify as disabled 75 Participants over 19 y/0 in community settings 24 Freelance Artists and Collaborators 13 Trustees 4 Neurodisabled Lived Experience Consultants 4 Volunteers 11
Achievements & Performance Dance for Neurology (DfN) 'Never had stimulation like it, we need more of this type ol thing, also the screen and the tech really impressed me. it was amazing, Delivered a total of 387 sessions in hospital settings Successfully reached 392 unique patient participants Provided 4 student placements, including 1 trainee role, fostering educational opportunities within the field. An average of 87% of participants reported improvements or stability in their physical and/or mental health following sessions. Engaged 7 freelance artists to deliver the DfN program throughout the year Dance for Neurology - Expansion Programme Conducted 5 taster sessions in collaboration with community partners, reaching 190 neurodisabled participants. Achieved a notable 92% of participants reporting improvement in their physical and mental health. Employed 6 freelance artists to support these sessions, enhancing the program's capacity and outreach.
Achievements & Performance Sharing of CoDa Leadership Model 'Very informative. Great to hear specificallyfrom artists themselves making tech bosed artistic work and heoring the challenges they come across. Audience member for CoDa presentation at What the Tech Conference Developed onboarding information and honed the induction process for new staff, ensuring a smooth transition into the organisation. Documented the CoDa model of working, which is being utilised across various settings. Facilitated a cross-sector knowledge exchange throughout the year, engaging board members and external consultants from the Cranfield Trust to identify next steps for CoDa. Provided ongoing supervision and received positive feedback from the new General Manager regarding the onboarding materials and process. Shared knowledge and insights with industry peers in quarterly meetings. Development of Lived Experience Consultants (LECS) Team Collaborative artistic work directed by LECS has been SLJccessfully showcased through the delivery of projects such as Beyond the Darkness {BtD) and initial work on Our Worlds Collide (OWC). Conducted 1 recruitment workshop in Q3 and 1 onboarding workshop in Q4, maintaining a minimum of 3 LECS on the team at all times. Received favourable feedback from LECS about the artistic representation in BtD and OWC, indicating that their experiences and narratives are authentically portrayed. AII LECS (100%) reported increased confidence and expressed interest in continued involvement, with plans to track the new cohort in 2025126
Achievements & Performance Creation of Beyond the Darkness (BtD) Scalable Touring Installation 'Unusual. kind in its approach andfearless. Beyond the Darkness wields compassionate power to make the world a more understanding place.. Dive(rse) Dance Magazine The BtD interactive installation was completed, featuring two separate components designed with accessible digital elements, eliminating the need for depth cameras. Developed a tourable set for all versions of the scalable installation. Completed soundscapes and audio descriptions for all installation elements, enhancing accessibility. Evaluated the process, impact, and fit of the BtD installation within the touring context, with assessments conducted during delivery at Dreamy Place in Q3 and Arts/TechlPlay outings in Q4. 12
Achievements & Performance Hyperlocal Touring of Beyond the Darkness .1 really enjoyed it but it wore me out in the best way possible - such passion and so much lunlrom the team. Audience member. Beyond the Darkness Launched at prestigious Dreamy Place Festival, Brighton Delivered S exhibition-style installation presentation events throughout the year. Presented 7 stand-alone experiences in a workshop context during Q3 and Q4. Engaged a total audience of 1,868 across all events, with 90% providing positive feedback. Received positive responses from 3 community partners involved in the project. Confirmed upcoming bookings for 2025: April 1-11: As the Floor Shifts film screening at Elevate in Whitstable May 3: Beach of Dreams Festival June 6-22: Wandsworth Arts Festival BtD in Roehampton July 3-29: Gallery Space in Thameside. Thurrock 'Stunning merging of artforms.. Emotive. calming. different.. Beautlful, Moving, empathetic video piece.. Audience three word feedback. Tech Art Fest 13
Achievements & Performance Training for Artists 'Been unsure about going into dancelor health but this has solidified that it's what I want to do in thefuture.. Artist at CoDa Training Day. Thurrock Conducted 1-day artist training on the Intro to DfN Methodology. Provided paid on-the-job training for artists delivering DfN in community settings, alongside the Associate Director in South Essex and Thurrock, with 9 artists trained in the introductory methodology. Offered paid training for 3 artists as part of DfN delivery efforts. Although artist confidence was not tracked specifically. term evaluations demonstrated progress and positive reactions to their roles, leading to 1 artist being offered follow-up paid work with CoDa. Continued to hone artist training assets for improved effectiveness 'It has been a great experience. Not justfor me as a dancer but a5 someone looking to work in the medicalfield. A very safe and warming environment for the patients and their families (ynd I con see how each week these workshops help to make a difference to their wellbeing, I will definitely come back to volunteer again.. 'Roehampton BPA placement student 14
Achievements & Performance Our Worlds Collide Successful funding for a partnership with UNLIMITED and Sadlerfs Wells for 2025-26 Facilitated 5 days of initial research with dancers in Q3, coupled with conversations involving a composer and creative technologists. Further development will be extended into 2025126 due to an Unlimited commission. Identified the conceptual direction for the new work 15
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 Emelyne Burkhard, Rufaro Maposa and Neil Martin to the Board of Directors. We continue to diversify our Board and Senior Leadership to further reflect the demographics of our participants and community. Of the 13 Trustees who volunteered their time and expertise for CoDa in the past year, 30% identify as being Dldeaf and/or disabled, or having a long term health condition,. 38% as neurodiver5e' 70% identify as female or non-binary,. 10% as Black African; and were aged between 30-59. 16
Structure, Governance & Management 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. The Trustees identified the following to be the key risks to the organisation 2024125 along with the mitigating actions to be undertaken: Continued Company Development: During the year the new General Manager role was embedded into the core team impacting (positively) on the way the Company was managed. The systems set up in the previous year were also embedded and a suite of draft policies developed. Management of long term sickness of a key member of staff: CoDa's Executive Director/ Creative Producer was off long term sick/on a six month Sabbatical during the year, the Company mitigating the impact through a change of activity planning and support of a Consultant Executive Director Capacity of staff to deliver NPO requirements and increased demand for its worklservices: The year was heavy on delivery but good forward planning meant demand was met within capacity. Delivering activity and reporting against a variety of funders: To manage successful fundraising and subsequent reporting requirements, CoDa spread reporting across the team and made better use of its Freelance Fundraiser to report on applications they were familiar with Change in industry resources/cost of living: CoDa continued to meet the risk of inflationary pressures including increase in resources required for production by careful budgeting,. more frequent budget reviews and increased fundraising Board Recruitment: CoDa continued to develop its Board, recruiting 3 new Trustees over this period. The new Trustees brought in expertise in Corporate Connections,. Safeguarding,. Lived Experience and Leadership and Legal Expertise. Safeguarding: With much of its activities aimed at individuals with neurological conditions, CoDa continued to understand the inherent Safeguarding risks involved. The organi5ation has a Safeguarding Policy and highly experienced, well- trained staff. Training and DBS checking is repeated annually. The AD has a Safeguarding Diploma and regularly refers to local policies to keep up with any legal changes. The General Manager brought with her a wealth of experience from practice as a Social Work Practice Educator to further underpin CoDa's expertise. 17
Financial Review Financial Risk Management The Board of Trustees. with the Artistic Director. General Manager and Finance Manager. keep funding risk under review and mitigate risk with a range of measures including: planning. performance monltoring, pollcles 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-fina ncial 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 full-cost 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 2025, the Unrestricted and Undesignated funds of £27,367 are deemed sufficient to meet the reserves policy. 18
Financial Review Funds Available The Funds held at 31 March 2025 totalled £68.538 (2024: £141.240) of which £41,171 (2024: £57.972) related to Restricted funds. Unrestricted funds totalled £27.367 (2024: £83.268). During the year, the Trustees chose to designate a proportion of unrestricted funds to two specific pieces of work known as Beyond the Darkness (previously Don't Look Down) and Our Worlds Collide. At the 31 March 2025, the funds designated were £nil. Undesignated funds totalled £27,367. 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, Garfield Weston, National Lottery Community Fund, People's Postcode Trust, Thurrock CVS Resilience Fund and City Bridge Trust. alongside project specific funding from Essex Community Foundation, Wandsworth Arts Fund, Active Essex, Wimbledon Foundation, The Hospital Saturday Fund and London Catalyst Fund has enabled us to significantly increase our reach throughout this financial year. We are exceptionally grateful for your trust and investment in the work we do to continue to achieve our ambitions. The Trustees Annual Report on pages 04-19 were approved by the Trustees and signed on their behalf by: ÈVA? Hayley Roffey. Co-chair 19
Financial Review Chartered Accountants, Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of CoDa Dance Company for YE 31 March 2025 Respective responsibilities of Trustees and examiner The charity's Trustees are responsible for the preparation of the accounts. The charitys 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: examine the accounts under section 145 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act state whether particular matters have come to my attention Basls of Independent examlner'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. Continues >> 20
Financial Review Chartered Accountants, Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of CoDa Dance Company for YE 31 March 2025 (Cont'd) 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,. the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records.. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a'true and fairf view which is not a matter considered as part of an independent examination 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. 2025 21
Financial Review Statement of Financial Activities for YE 31 March 2025, incl. income & expenditure account & statement of total recognised gains & loses Income and Endowments from: Unrestricted funds Restricted funds Total 2025 £ Tota I 2024 £ Note Donations and Legacies 140,055 140.055 137.526 Investment Income 1,376 1,376 1,199 Charitable Actlvities 58,057 80,669 138.726 183,176 Total Income 199.488 80.669 280.157 321,901 Expenditure on: Raising funds 19.650 19.650 180 Charitable activities 230,063 97,135 327.198 254.093 Governance costs 5.676 335 6.011 7,545 Total Expenditure 255.389 97.470 352.859 261.818 Net (expenditure) / Income for the year (before other gains / (losses) (55,901) (16,801) (72,702) 60,083 Total funds brought forward 83,268 57,972 141,240 81,157 Transfer between funds Total funds carried forward 27.367 41.171 68.538 141.240 The statement of financial artivities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. The Notes on pages 25 to 34 form part of these Financial Statements. 22
Financial Review Balance Sheet as at 31 March 2025 2025 2024 Unrestrlcted Funds Restrlcted Funds Flxed assets Note Total Funds Total Funds Tangible assets 10 3,916 3,916 1,554 Current assets Debtors 1,740 19,151 20,891 329 Cash in hand at bank 24,757 22.885 47,642 140,695 Credltors: Amounts falling withln one year 12 (3,046) (865) (3,911) (1,338) Net current assets 23,451 41,171 64,622 139,686 Net assets 27,367 41,171 68,538 141,240 Funds of the charity: Unrestricted funds 13 27,367 83,268 Restricted funds 13 41,171 57,972 Total funds 68.538 141.240 Continues >> 23
Financial Review For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirement of the Act with respect to accounting records and the preparation of the accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 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 (FRS102) (effective 1 January 2019) issued in October 2019 by the Charity Commission. The Financial Statements on pages 22 to 24 were approved by the Trustees and signed on their behalf by: Hayley Roffey. Co-chair The Notes on pages 25 to 34 form part of these Financial Statements. 24
Financial Review Notes forming part of the Financia Statements for YE 31 March 2025 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 Statements 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 l 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. (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: Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts Incoming resources from charitable trading artivity are accounted for when earned. Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance 25
Financial Review Notes forming part of the Financia Statements for YE 31 March 2025 (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 heading5 that aggregate all costs related to the category. Where c05ts 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. (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. 26
Financial Review Notes forming part of the Financia Statements for YE 31 March 2025 (l) 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. Q.) 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. (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. Restrirted 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 Donatlons Unrestricted Restricted 2025 Total 2024 Total Arts Council NPO 137.500 137,500 137,500 Fowler. Smith & Jones 2.500 2,500 Easy Fundraising 55 55 Amazon Smile 26 140.055 140.055 137.526 27
Financial Review Notes forming part of the Financia Statements for YE 31 March 2025 3. Investment Income Unrestrirted Restricted 2025 Total 2024 Total Investment Income 1,376 1,376 1,199 4. Income from charitable activities Unrestrirted Restrirted 2025 Total 2024 Total Arts Council England Essex Communlty Foundation 55,272 3000 City Bridge Trust National Lottery Community Foundation Workshop Fees 29,165 29,165 2400 92,504 2,057 31,476 33,533 4950 Postcode Lottery Wandsworth Arts Fund 30,000 30,000 25,000 1,600 1,600 Active Essex 3,000 3.000 Wimbledon Foundation 3.500 3.500 The Hospital Saturday Fund 5,964 5,964 London Catalyst Thurrock CVS 5,964 5,964 6,000 6.000 Garfield Weston 20,000 20.000 Other Revenue 50 58,057 80,669 138,726 183,176 28
Financial Review Notes forming part of the Financia Statements for YE 31 March 2025 5. Raising Funds Unrestricted Restricted 2025 Total 2024 Total Fundraising Costs 19,650 19,650 Local Giving Fee 180 19.650 19,650 180 6. Expenditure on charitable activities Unrestrlcted Restrlcted 2025 Total 2024 Total Staff Costs 121,204 15.101 136,305 94,559 Contractor Cost5 61,086 63.875 124,961 108,547 Training 3.723 5.109 8,832 1,213 Travel & Expenses 6,637 728 7,365 11,254 Admln & Statlonery 425 425 823 Access Costs 15,241 4.680 19,921 19,262 Evaluatlon 1,400 3.058 4,458 2,002 Consultancy 5,144 130 5,274 6,300 Volunteer Costs 113 3.007 3,120 4,710 Subscrlptlons 2,049 224 2,273 1,406 Project Expenses 5,887 883 6,770 3,320 Marketlng 6,162 340 6,502 217 Rent 962 962 480 Research & Development 30 30 230,063 97,135 327.198 254.093 29
Financial Review Notes forming part of the Financia Statements for YE 31 March 2025 7. Trustee Remuneration No Trustees received any remuneration during the year {2024: Nil). Trustee expenses totalled £332 (2024: £124) for the year ending 31 March 2025. 8. Employee and Contrartor Costs 2025 2024 Wages & Salaries 125.417 87,363 Employers Nl 7,887 4,881 Pension Costs 3,001 2,315 Total Staff costs 136.305 94.559 The average number of full time equivalent employees during the year was 3.12 (2024- 2). The average headcount of employees during the year was 3.12 (2024- 2). No employees received emoluments exceeding £60,000 per annum (2024 - none}. Unrestrirted Restrirted 2025 Total 2024 Total Facilltators 135 49.108 49,243 35,742 Executlve Consultant 30,100 19.200 2,559 8,725 30,100 19,200 2,559 8,725 Marketing Manager Company Manager Collaborators 13.005 23,362 15,421 Producer 367 14,767 15,134 14,104 Dancers 6,913 61.086 63.875 124.961 108.547 30
Financial Review Notes forming part of the Financia Statements for YE 31 March 2025 9. Governance Costs Unrestricted Restricted 2025 2024 Accountancy & Independent Examination 1,465 234 1,699 6,158 Insurance 959 101 1,060 1,467 332 808 Depreclation Trustee Expenses Governance Costs 1,467 332 455 124 1,453 1,453 5.676 335 6.011 7.545 10. Tangible Fixed Assets Unrestricted Restricted 2025 Total 2024 Total £ Facilitators 135 49,108 49,243 35,742 Executlve Consultant 30,100 30,100 Marketing Manager Company Manager Collaborators 19,200 19,200 13,005 2,559 2,559 23,362 8,725 367 8,725 15,134 15,421 14,104 6,913 Producer 14,767 Dancers 61.086 63.875 124.961 108.547 31
Financial Review Notes forming part of the Financia Statements for YE 31 March 2025 11. Debtors: amounts falling due within one year 2025 2024 Trade Debtors 19,152 Prepayments 1,740 329 329 381 12. Creditors: amounts falling within one year 2025 2024 Trade Creditors 3,299 672 Pension payable 66 Accruals 612 600 3.911 1,338 32
Financial Review Notes forming part of the Financia Statements for YE 31 March 2025 13. Movement in Charity Funds Openlng Funds Transfers between funds Income Closlng Funds Expenditure Unrestrlcted Funds General Fund 47,393 199,188 (233,522) 14,308 27,367 Designated - Beyond the Darkness (previously 35,875 Don't Look Down) Fund 300 (12,107) (24,068) Designated - Our Worlds Collide (9,760) 9,760 Total Unrestricted Funds 83.268 199.488 (255.389) 27.367 Restrlcted Funds City Bridge Trust National Lottery Community Fund Partnership for Health & Queen Mary Hospital Dance for Neurology London 29,165 (32,094) (2,929) 57,972 (57,972) 14,883 (4,416) 10,467 18,739 (2,702) 16,037 Dance for Neurology Training 3,000 (250) 2,750 Beyond the Darkness Tour 11.382 (36) 11,346 Wimbledon Foundation 3,500 3,500 Total Restricted Funds 57.972 80.669 (97.470) 41.171 Total Funds 141.240 280,157 (352.859) 68.538 Transfer between funds represent an allocation of Arts Council NPO funding to the Don't Look Down and Our Worlds Collide projects. This funding will be used for the creation and subsequent touring of new work created by CoDa Dance Company. 33
Financial Review Notes forming part of the Financia Statements for YE 31 March 2025 14. Related Party Disclosures Trustee expenses of £332 were claimed in the year to 31 March 2025. There were £124 of expenses claimed in 2024. There were no other related party transactions during the year. 15. Ultlmate Controlllng 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 Un restricted Funds Restricted Funds 2024 Tota I Funds Fixed Assets Notes Tanglble Assets Current Assets 10 1,554 1,554 Debtors 228 101 329 Cash at Bank & In Hand 82,824 57,871 140,695 Creditors Amounts Falllng Due Wlthln One Year 12 (1,338) (1,338) N ET Current Assets 81.714 57.972 139,686 Total Assets Less Current Llabllltles 83.268 57.972 141,240 NET Assets Funds Unrestricted Funds 13 83,268 Restricted Funds 13 57,972 Total Funds 141,240 33
)MPANY 11 ARTtSTIt-DIRLCTDR Nikki Watson Contact: liz@codadance.com (Executive Assistant) katie@codadance.com (General Manager)