**REGISTERED CHARITY NUMBER: 1159627**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **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 2024**
|||**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 2024**
The trustees present their report with the financial statements of the charity for the year ended 31st March 2024. 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.
In recognising 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 over £10,000 of free classes.
Page 1
**ACS DANCE CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024**
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
The charity continued to provide high quality dance and performing arts tuition to the general public. This year, we attended 7 dance competitions throughout the year.
Student numbers have increased with a total of 320 School age children and adults attending There were increases in both adult and children attending regularly as an adult HEELS class and an extra adult tap class were created. 2 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 February.
An increased number of students took ISTD Dance examinations 248 with an impressive 100% pass rate and 76% of these achieving the top grade of over 80%. The Charity had no main show this year however there was a musical theatre review show in July which was a resounding success and Infant Childrens' Christmas shows and singing cabaret show in December, these productions were well received generating just over £1816.00 of ticket sales 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. This included distance learning students on zoom as well as in person classes.
The school's association with the Royal Opera House having come to the end of its 5 years run now continues as the "Legacy" Project. Students at Warren Primary were given a selection workshop for selection by the Royal Opera House Dance Artists into a performance taking place at the Lindbury Theatre, Royal Opera House, Covent Garden. 6 students from Warren and 4 more Bursary recipients currently on scholarship at ACS from the original Royal Opera House Chance to Dance project were selected.
Alongside this all Grade 3 and above ballet children received subsidised second classes for ballet, the Boys Scholarship was shared between the current boys class. The ROH Chance To Dance project came to an end but there is an ongoing legacy project with the Warren Primary school and legacy alumni took part in a show at the Lindbury Theatre ROH Covent Garden in June which was well received, 3 bursary recipients from ACS plus 6 other warren Chance To Dance students took part with wonderful reviews. Dianas performance for the Warren project was performed for an in-house showcase and at the Thurrock trailblazer performance for local schools.
Diana also gave free gifted and talented classes to children considering dance as a profession coaching them for entry into the Royal Ballet's Junior Associate program. These two children have successfully gained a place for September 2024.
Together with gifted and talented bursaries, Chance to Dance bursaries and free or discounted classes totalled of subsidised dance classes given out this year was £10,395.12 The ACS association with the Royal Opera House gave opportunities for free and subsidised tickets to watch Royal Ballet performances to any acs pupil and their families for several productions over the year.
ACS Former pupils and graduates also secured teaching and performing appointments in the West End, World Tours in leading roles and for dance companies across the UK and the world.
The charity received donations £97.40 from Easy fundraising £53.28 from the Giving machine and from amazon smile £35.05.
The trustees continue to allocate some of the net proceeds from events and donations described above, to the Scholars Fund, to assist gifted and talented students, with additional lessons and are also building reserves for future projects
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 2024**
## **FINANCIAL REVIEW**
## **Financial position**
The statement of financial activities shows income of £236,131 for the year with net outgoing of resources of £230,990 resulting in net income of £5,141.
## **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**
- To continue own projects with the Royal Opera House's 'Chance To Dance' Legacy program.
- Visit Frances Bardsley Academy school for Salsa Workshop day as part of their International Day.
## **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). Mark Lunn - Principal, Operations and Finance.
## **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.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1159627
Page 3
**ACS DANCE CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024**
## **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, BA(Hons), FCCA 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 27th November 2024 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 2024.
## **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, BA(Hons), FCCA The Association of Chartered Certified Accountants
S.D. Garner + Co Limited Chartered Certified Accountants 92 Station Lane Hornchurch Essex RM12 6LX
27th November 2024
Page 5
**ACS DANCE CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024**
|2024
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
97
**Charitable activities**
Adult Classes
26,243
Child Classes
168,847
Teacher Training
11,050
Studio hires
24,152
Other trading activities
2
5,175
Investment income
3
567
**Total**
236,131
**EXPENDITURE ON**
Raising funds
4
230,990
**NET INCOME/(EXPENDITURE)**
5,141
**RECONCILIATION OF FUNDS**
Total funds brought forward
37,353
**TOTAL FUNDS CARRIED FORWARD**
42,494|2023
Total
funds
£
137
31,766
150,153
11,491
27,060
12,824
154
233,585
244,131
(10,546)
47,899
37,353|
|---|---|
The notes form part of these financial statements
Page 6
**ACS DANCE CENTRE**
## **BALANCE SHEET**
## **31ST MARCH 2024**
|2024
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
8
1,334
**CURRENT ASSETS**
Debtors
9
3,953
Cash at bank and in hand
41,477
45,430
**CREDITORS**
Amounts falling due within one year
10
(4,270)
**NET CURRENT ASSETS**
41,160
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
42,494
**NET ASSETS**
42,494
**FUNDS**
11
Unrestricted funds
42,494
**TOTAL FUNDS**
42,494|2023
Total
funds
£
2,176
2,589
37,304
39,893
(4,716)
35,177
37,353
37,353
37,353
37,353|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27th November 2024 and were signed on its behalf by:
Mr R Crowther - 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 2024**
## **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 2024**
## **2. OTHER TRADING ACTIVITIES**
|Other income
Ticket sales
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**RAISING FUNDS**
**Investment management costs**
Administrative expenses|2024
£
3,359
1,816
5,175
2024
£
567
2024
£
14,004|2023
£
827
11,997
12,824
2023
£
154
2023
£
13,087|
|---|---|---|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31st March 2024 nor 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 £41,697 (2023:£53,802).
The average monthly number of employees during the year was as follows:
Admin|2024
£
155,870
1,590
1,935
159,395
2024
7|2023
£
158,728
1,933
1,571
162,232
2023
7|
|---|---|---|
No employees received emoluments in excess of £60,000.
continued...
Page 9
**ACS DANCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024**
## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**----- Start of picture text -----**
|||||
|---|---|---|---|
|Unrestricted|
|fund|
|£|
|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|12,824|
|Investment income|154|
|Total|233,585|
|EXPENDITURE ON|
|Raising funds|244,131|
|NET INCOME/(EXPENDITURE)|(10,546)|
|RECONCILIATION OF FUNDS|
|Total funds brought forward|47,899|
|TOTAL FUNDS CARRIED FORWARD|37,353|
|8.|TANGIBLE FIXED ASSETS|
|Fixtures|
|Plant and|and|
|machinery|fittings|Totals|
|£|£|£|
|COST|
|At 1st April 2023 and 31st March 2024|5,630|2,800|8,430|
|DEPRECIATION|
|At 1st April 2023|4,090|2,164|6,254|
|Charge for year|563|279|842|
|At 31st March 2024|4,653|2,443|7,096|
|NET BOOK VALUE|
|At 31st March 2024|977|357|1,334|
|At 31st March 2023|1,540|636|2,176|
**----- End of picture text -----**
continued...
Page 10
**ACS DANCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024**
|**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Taxation and social security
Other creditors
**11.**
**MOVEMENT IN FUNDS**
At 1/4/23
£
**Unrestricted funds**
General fund
37,353
**TOTAL FUNDS**
37,353
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
236,131
**TOTAL FUNDS**
236,131
**Comparatives for movement in funds**
At 1/4/22
£
**Unrestricted funds**
General fund
47,899
**TOTAL FUNDS**
47,899|2024
2023
£
£
3,953
2,589
2024
2023
£
£
2,165
1,643
2,105
3,073
4,270
4,716
Net
movement
At
in funds
31/3/24
£
£
5,141
42,494
5,141
42,494
Resources
Movement
expended
in funds
£
£
(230,990)
5,141
(230,990)
5,141
Net
movement
At
in funds
31/3/23
£
£
(10,546)
37,353
(10,546)
37,353|
|---|---|
continued...
Page 11
**ACS DANCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024**
## **11. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
233,585
233,585|Resources
Movement
expended
in funds
£
£
(244,131)
(10,546)
(244,131)
(10,546)|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**|At 1/4/22
£|Net
movement
At
in funds
31/3/24
£
£|
|---|---|---|
|General fund|47,899|(5,405)
42,494|
|**TOTAL FUNDS**|47,899|(5,405)
42,494|
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
£
469,716
469,716|Resources
Movement
expended
in funds
£
£
(475,121)
(5,405)
(475,121)
(5,405)|
|---|---|---|
continued...
Page 12
**ACS DANCE CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024**
## **12. RELATED PARTY DISCLOSURES**
£36,000 (2023:£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 £14,004 (2023:£6,174).
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 (2023:£32,460).
Mr Lunn, the husband of Mrs Lunn, received remuneration during the year from the Charity as part of his contract of employment of £9,237 (2023:£21,342).
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 £10,404 (2023:£10,129).
Page 13
**ACS DANCE CENTRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**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**
**Other trading activities**
Shows & events
**Investment management costs**
Administrative expenses
**Support costs**
**Management**
Wages
Social security
Pensions
Other operating leases
Rates and water
Light and heat
Advertising
Cleaning
Plant and machinery
Fixtures and fittings|2024
£
97
3,359
1,816
5,175
567
26,243
168,847
11,050
24,152
230,292
236,131
840
14,004
155,870
1,590
1,935
36,000
507
4,744
4,071
3,147
563
279
208,706|2023
£
137
827
11,997
12,824
154
31,766
150,153
11,491
27,060
220,470
233,585
9,001
13,087
158,728
1,933
1,571
36,000
3,476
2,594
3,829
3,330
563
279
212,303|
|---|---|---|
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 2024**
|**Management**
**Finance**
Bank charges
Travelling
**Other**
Repairs and renewals
**Governance costs**
Accountancy fees
Professional fees
Total resources expended
**Net income/(expenditure)**|2024
£
1,260
-
1,260
1,456
2,100
2,624
4,724
230,990
5,141|2023
£
1,354
30
1,384
2,467
2,100
3,789
5,889
244,131
(10,546)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 15