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 CoMpan￿S 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)