**REGISTERED CHARITY NUMBER: 1159627**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023**
## **FOR**
## **ACS DANCE CENTRE**
S.D. Garner + Co Limited Chartered Certified Accountants 92 Station Lane Hornchurch Essex RM12 6LX
**ACS DANCE CENTRE**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|13|
|**Detailed Statement of Financial Activities**|14|to|15|
**ACS DANCE CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023**
The trustees present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The principal activity of the CIO is the teaching of dance and performing arts to the general public of all ages and abilities from beginners to potential professional dancers and dance teachers.
The objects of the Charity are:
- To advance the education of people of all ages in the performing arts, particularly dance, for the benefit of the public, by provision of classes and courses.
- To offer all students the opportunity to gain recognised qualifications and to take part in public performances and competitions.
- To provide teacher training and vocational education to students and teachers to gain recognised teaching qualifications.
## **Public benefit**
Activities are offered to all ages of the public, with a non-exclusive focus on the Greater London and Essex areas. The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 and have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
The Trustees recognise that dance and performance promotes fitness, coordination, and physical and mental health, and wellbeing as well as fostering excellent team spirit. ACS Dance Centre offers the benefit of generous discounts to all children taking more than 4 classes per week as well as additional bursary 'free' classes and scholarships under certain circumstances to under represented groups as well as the gifted and talented by way of their outreach and bursary programs. Pupils over the last academic year have benefitted from approx. £9,500 of free classes.
Page 1
**ACS DANCE CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The Charity continued to provide high quality dance and performing arts tuition to the general public. We were able to attend many more dance competitions than in the previous year, with 8 external competitions attended in Ballroom, Latin and Disco freestyle by over 100 ACS students from 5 years old upto our more mature adult dancers.
Student numbers were steady with a total of 320 School age children and adults attending There were increases particularly in adult students attending regularly as adult tap was added to the genres offered. 22 of our teacher training students who had fully completed all units of their DDE qualifications were recognised at a prestigious graduation ceremony held by ISTD at the London Geographical Society in Kensington, London in October.
An increased number of students took ISTH Dance examinations 219 with an impressive 100% pass rate and 80% of these achieving the top grade of over 80%. This included over 12 distinctions at a vocational level 3 and 4, including Intermediate, Advanced 1, Advanced 2 and DDE level exams with over 90%.
Our Main production show in May took place and was a resounding success with 120 students taking part and watched by an audience of 536 after expenses this yielded £5,548 minus lights sound and staffing cost.
The Adult Christmas Dance, Infant Childrens' Christmas shows and singing cabaret show also went ahead as normal this year as Covid infections eased and these productions were well received during December generating just over £3,000 of funds for the Charity over the year.
The Charity continued to teach part-time level 4 teaching courses in DDE, as well as level 3 and 4 Intermediate, advanced 1 and advanced 2 Ballet, Modern and Tap courses.
The Dance school's association with the Royal Opera House continued and Joseph Lunn was also accepted as an additional ROH Associate Artist working alongside Diana Clifford with the joint outreach "Chance To Dance" program.
During the 2022 Easter holidays ACS hosted the Royal Opera House's "Chance To Dance project" , "Easter School" 2022 for two days culminating in a live performance at a London Venue based on the Swan lake repertoire. Children danced alongside Royal Ballet dancers. There were 30 children from Warren and Woodside Primary Schools in attendance. Seven Royal Opera House staff plus Diana as an Associate Artist, led the creative dance work-shops to choreograph the pieces and this was viewed by the children's parents, members of the public and various members of the Royal Opera House Board.
Two children were then selected form this cohort to receive additional bursary classes at ACS for the year 2022-2023, joining the bursary children from the previous year. These children were again jointly funded by ACS and the Royal Opera House.
Alongside this all Grade 3 and above ballet children received subsidised second classes for ballet, and our full yearly boys' scholarship was given to Szymon Gwazdz with additional part scholarships given to four other boys totalling £2,300. Together with gifted and talented bursaries, "Chance to Dance" bursaries and free and discounted classes for gifted and talented, the total of subsidised dance classes given out this year was approx. £9,250.
ACS former pupils and graduates also secured teaching and performing appointments in the West End in leading roles and for companies across the UK and the world.
The Charity received £62.40 of donations from "The Giving Machine" and £53.28 From "Amazon Smile". The trustees continue to allocate some of the net proceeds from events described above, to the Scholars Fund, which are used to assist gifted and talented students, with additional lessons and are also for building reserves for future projects. ACS also received £590.50 from the the Royal Opera House funding their part of the "Chance to Dance" bursary Children.
The Trustees have an ongoing strategic funding plan, to incorporate income from a cross section of sources, normal trading, donations, and bequests and in the future inclusion of grants from external funders for specific new projects.
Page 2
**ACS DANCE CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023**
## **FINANCIAL REVIEW**
## **Financial position**
The statement of financial activities shows income of £233,585 for the year with net outgoing of resources of £244,131 resulting in a deficit of £10,546. This was mainly caused by an increase in running costs of the charity.
## Impact of Covid
The pandemic had moderate impact on the operations of the charity. However since lockdown was lifted, the charity has had minimal access to government grants and efforts are being explored to obtain additional funding sources.
## **Reserves policy**
All net incoming resources are spent maintaining its charitable objectives through the provision of tuition, maintaining the studios and equipment, or kept as reserve income for emergencies.
The trustees remain committed to maintaining enough reserves in the event of unforeseen circumstances arising such as future pandemics. They are currently targeting an amount equivalent to 3 months operating expenditure.This policy is subject to a regular review of finances. Unfortunately the claim under the business interruption insurance was unsuccessful.
## **Going concern**
The accounts are prepared on a going concern basis.
If the CIO is wound up, each Member of the CIO is liable to contribute to the assets of the CIO such amount (but not more than £1) as may be required for payment of the debts and liabilities of the CIO.
## **FUTURE PLANS, OBJECTIVES AND ACTIVITIES**
The charity has been accepted to award "Jack Petchey Awards" for students, and will continue outreach projects for encouraging different under represented groups within the local community to start to dance Grant applications have been made to offer our dance projects for dementia sufferers and we hope to find new links with social prescribers across the borough of Havering, at GP surgeries recommending the benefits of dance for general physical and mental health and well-being.
To continue partnerships and joint projects with with the Royal Opera House's 'Chance To Dance' program.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The governing document for ACS Dance Centre is the Constitution of a Charitable Incorporated Organisation whose only voting members are its Trustees ('Foundation' Constitution).
## **Recruitment and appointment of new Trustees**
Any person over the age of 18 years who is willing to act as a Trustee, and who would not be disqualified from acting under the provisions of the Constitution, may be appointed to be a Trustee by a decision of the Trustees.
Trustees are normally appointed by the existing trustees directly from and within the charity's sector of operation.There shall be a minimum of 3 trustees with no maximum. One third of the trustees must retire from office at each Annual Meeting at which the accounts are adopted. Retiring trustees are eligible for re-election. New Trustees receive induction from existing trustees.
A Trustee may not be employed by or receive any remuneration from the CIO as a trustee, but may receive a benefit from the CIO as a beneficiary of the CIO. Trustees may also receive repayment for expenses incurred on charity business and may take part in the normal trading and fundraising activities of the CIO on the same terms as members of the public.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Covid Risk assessments have been done and updated as guidance changed throughout this year.
Page 3
**ACS DANCE CENTRE**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1159627
## **Principal address**
66 Albert Road Romford Essex RM1 2PP
## **Trustees**
Mr C Jolly Mr A Fennell Mr R Crowther Ms N Moura-Lunn Ms R Fennell
## **Independent Examiner**
Jamal Arshad S.D. Garner + Co Limited Chartered Certified Accountants 92 Station Lane Hornchurch Essex RM12 6LX
## **Solicitors**
Bates Wells & Braithwaite London LLP 10 Queen Street Place London EC4R 1BE
**Advisers Bankers :**
CAF Bank Ltd. 25 Kings Hill Avenue Kings Hill, West Malling Kent ME19 4JQ
Approved by order of the board of trustees on 17th November 2023 and signed on its behalf by:
Mr R Crowther - Trustee
Page 4
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ACS DANCE CENTRE**
## **Independent examiner's report to the trustees of ACS Dance Centre**
I report to the charity trustees on my examination of the accounts of ACS Dance Centre (the Trust) for the year ended 31st March 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do 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 fair view which is not a matter considered as part of an independent examination.
I have no concerns and 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.
Jamal Arshad
The Association of Chartered Certified Accountants
S.D. Garner + Co Limited Chartered Certified Accountants 92 Station Lane Hornchurch Essex RM12 6LX
17th November 2023
Page 5
**ACS DANCE CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023**
|2023
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
137
**Charitable activities**
Adult Classes
31,766
Child Classes
150,153
Teacher Training
11,491
Studio hires
27,060
Other trading activities
2
12,824
Investment income
3
154
**Total**
233,585
**EXPENDITURE ON**
Raising funds
4
244,131
**NET INCOME/(EXPENDITURE)**
(10,546)
**RECONCILIATION OF FUNDS**
Total funds brought forward
47,899
**TOTAL FUNDS CARRIED FORWARD**
37,353|2022
Total
funds
£
19,005
29,883
141,952
13,979
26,152
1,025
4
232,000
228,165
3,835
44,064
47,899|
|---|---|
The notes form part of these financial statements
Page 6
**ACS DANCE CENTRE**
## **BALANCE SHEET 31ST MARCH 2023**
|2023
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
8
2,176
**CURRENT ASSETS**
Debtors
9
2,589
Cash at bank and in hand
37,304
39,893
**CREDITORS**
Amounts falling due within one year
10
(4,716)
**NET CURRENT ASSETS**
35,177
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
37,353
**NET ASSETS**
37,353
**FUNDS**
11
Unrestricted funds
37,353
**TOTAL FUNDS**
37,353|2022
Total
funds
£
3,018
3,107
52,579
55,686
(10,805)
44,881
47,899
47,899
47,899
47,899|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 17th November 2023 and were signed on its behalf by:
Mr C Jolly - Trustee
The notes form part of these financial statements
Page 7
**ACS DANCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
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.
## **Expenditure**
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 cost 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.
## **Tangible fixed assets**
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery - 10% straight line Fixtures and Fittings - 10% straight line
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 8
**ACS DANCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
## **2. OTHER TRADING ACTIVITIES**
|Other income
Ticket sales
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**RAISING FUNDS**
**Raising donations and legacies**
Sundries
Support costs
**Investment management costs**
Administrative expenses
Aggregate amounts|2023
£
827
11,997
12,824
2023
£
154
2023
£
-
-
-
2023
£
13,087
244,131|2022
£
34
991
1,025
2022
£
4
2022
£
84
300
384
2022
£
15,898
228,165|
|---|---|---|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.
continued...
Page 9
**ACS DANCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
## **6. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
Key management personnel remuneration for the year was £53,802 (2022:£57,879).
The average monthly number of employees during the year was as follows:
Admin
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Adult Classes
Child Classes
Teacher Training
Studio hires
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**||2023
2022
£
£
158,728
144,652
1,933
2,648
1,571
1,362
162,232
148,662
2023
2022
7
7
Unrestricted
fund
£
19,005
29,883
141,952
13,979
26,152
1,025
4
232,000
228,165
3,835
44,064
47,899|
|---|---|---|
## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
continued...
Page 10
**ACS DANCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
## **8. TANGIBLE FIXED ASSETS**
|**8.**|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|---|
||||Fixtures||
||Plant and||and||
||machinery||fittings|Totals|
|||£|£|£|
||**COST**||||
||At 1st April 2022 and 31st March 2023|5,630|2,800|8,430|
||**DEPRECIATION**||||
||At 1st April 2022|3,527|1,885|5,412|
||Charge for year|563|279|842|
||At 31st March 2023|4,090|2,164|6,254|
||**NET BOOK VALUE**||||
||At 31st March 2023|1,540|636|2,176|
||At 31st March 2022|2,103|915|3,018|
|**9.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||Other debtors||2023
£
2,589|2022
£
3,107|
|**10.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||Trade creditors||2023
£
1|2022
£
-|
||Taxation and social security||1,643|1,744|
||Other creditors||3,072|9,061|
||||4,716|10,805|
|**11.**|**MOVEMENT IN FUNDS**||||
||At 1/4/22||Net
movement
in funds|At
31/3/23|
||**Unrestricted funds**|£|£|£|
||General fund|47,899|(10,546)|37,353|
||**TOTAL FUNDS**|47,899|(10,546)|37,353|
continued...
Page 11
**ACS DANCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
233,585
**TOTAL FUNDS**
233,585
**Comparatives for movement in funds**
At 1/4/21
£
**Unrestricted funds**
General fund
44,064
**TOTAL FUNDS**
44,064
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
232,000
**TOTAL FUNDS**
232,000|Resources
Movement
expended
in funds
£
£
(244,131)
(10,546)
(244,131)
(10,546)
Net
movement
At
in funds
31/3/22
£
£
3,835
47,899
3,835
47,899
Resources
Movement
expended
in funds
£
£
(228,165)
3,835
(228,165)
3,835|
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**|At 1/4/21
£|Net
movement
At
in funds
31/3/23
£
£|
|---|---|---|
|General fund|44,064|(6,711)
37,353|
|**TOTAL FUNDS**|44,064|(6,711)
37,353|
continued...
Page 12
**ACS DANCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
465,585
465,585|Resources
Movement
expended
in funds
£
£
(472,296)
(6,711)
(472,296)
(6,711)|
|---|---|---|
## **12. RELATED PARTY DISCLOSURES**
£36,000 (2022:£36,000) was charged to the SOFA during the period for rental of the property to landlords Mr. & Mrs. Lunn.
Mr & Mrs Lunn control Anthony Clifford Studios Limited. During the year the company provided services for the sum of £6,174 (2022:£12,852).
Mrs Lunn, the daughter of C Jolly is a member of staff and received remuneration during the year from the charity as part of her contract of employment of £32,460 (2022:£31,515).
Mr Lunn, the husband of Mrs Lunn, received remuneration during the year from the Charity as part of his contract of employment of £21,342 (2022:£26,364).
L Crowther the spouse of R Crowther is a member of staff and received remuneration during the year from the charity as part of her contract of employment of £10,129 (2022:£9,456).
Page 13
**ACS DANCE CENTRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Donations
Grants
**Other trading activities**
Other income
Ticket sales
**Investment income**
Deposit account interest
**Charitable activities**
Income From Adult Classes
Income from Child Classes
Income from Teacher Training
Income from Studio Hires
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Sundries
**Other trading activities**
Shows & events
Governance costs
Fundraising costs
**Investment management costs**
Administrative expenses
**Support costs**
**Management**
Wages
Carried forward|2023
£
-
137
-
137
827
11,997
12,824
154
31,766
150,153
11,491
27,060
220,470
233,585
-
9,001
-
-
9,001
13,087
158,728
158,728|2022
£
244
4,237
14,524
19,005
34
991
1,025
4
29,883
141,952
13,979
26,152
211,966
232,000
84
530
16
8,158
8,704
15,898
144,652
144,652|
|---|---|---|
This page does not form part of the statutory financial statements
Page 14
**ACS DANCE CENTRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023**
|**Management**
Brought forward
Social security
Pensions
Other operating leases
Rates and water
Light and heat
Advertising
Cleaning
Plant and machinery
Fixtures and fittings
**Finance**
Bank charges
Travelling
**Other**
Repairs and renewals
**Governance costs**
Accountancy and legal fees
Professional fees
Total resources expended
**Net (expenditure)/income**|2023
£
158,728
1,933
1,571
36,000
3,476
2,594
3,829
3,330
563
279
212,303
1,354
30
1,384
2,467
2,100
3,789
5,889
244,131
(10,546)|2022
£
144,652
2,648
1,362
36,000
2,217
3,176
4,167
3,400
563
279
198,464
1,287
140
1,427
1,488
2,100
-
2,100
228,165
3,835|
|---|---|---|
This page does not form part of the statutory financial statements
Page 15