CHARITY COMMISSION
Ballet Lorent Limited
cornpanylimitqd by guarantBo
Annual Report and Financlal
Statements
31 March 2024
Cgmpany regl$tr•tlon number: 05093450
Charlty rgglstrat]on nurnbor.. 1162921
dOdd&co

Ballet Lorent Limited
Cont•nts
R•f•r•ne• and Admlnistrative DgtaiLB
Trust8es' rep(*l
Trustees. responsibiSbes in relalb)n to tho flnancial statements
Independenlexaminerfs report
ststement of financia18¢bvitses
Baknce sheet
Cash flow statement
10
Notes to tre finaneial $latements

Ballet Lor•nt Limiled
R8foronce and Administrative Details
Charlty nam•
Ballet Lor8nt Limrtod
Charity r•gistralion nUM￿r
1162921
Ct>mp•nyi8gi$lr*tlon number
05093450
Prfnclpal offic
Jtrhn Martey Cent
Mu3¢0tt Grove
NEWCASTLE UPON TYNE
NE156
R•olst•r¢d 0ffi¢o
John Marfey Centre
muSr￿>tt Grova
NEWCASTLE UPON TYNE
NE15 6rr
Tru8t•••
O C Capps
J P McK•nna
(Resign8d 14 Juna 20231
(R&sign8d 12 June 20241
P R W Jackson
P A F Johnston
ARCft)ft
J Archer
N S Campbell
M S Dunphy
IAppolnt8d 16 June 20231
Socr•tarf•$
C GrirnwC￿ IRospJn8d 9 January 20241
K A Lloyd
(Appointod 9 January 20241
Accountant
Oo(td & Co Limited
FIFTEEN Rosehill
Montgorngry Way
Rosehlll Estato
CARLISLE
CA1 2RW
Pagg 1

Ball•t LrK•nt Llmlted
Trustoos. Roport for the Year Endgd 31 March 2024
The flnanu81 statèmènts have been prepared in axordance with lh& accounting polia•5 set out in notes to the
accounts and cornpty wth the charity's govemiTrJ document, the Ch8ri1ies Act 2011, as 8m$ndod by th8 Chanb88
knt 2022, and Accounting and Reporting by Charitles.. Staiem8nt of Recommended Pr8Ctice applicable to
thaT￿e$ preparing thelr accounts in accordance with the Flnanciol Reporting Stsndard appucabkn in the UK and
Republlc of Ireland.
Organlsatlon Struc￿re and governing docum•nt
The company was Incorporated on S Api15 2004 and is governed by its Memorandurn and Articles ofAsswalion.
The company is limitgd by guarantee and has no Sha￿ capilal. The wrnpany was ￿gISter8d as a charity vmth the
Cttarity Commi$sion on 30 JU￿ 2015 and the registered (*anty numbgr ia 1162921.
Thè Board of Tru$t8es administets the charity at quarterty meetings wth A quorurn of atlgast Ihr66 Irust88s and
rnay bo h8ld in petson or by suitsble elodroni¢ m8ans.
Recrultsn•n¢, knduction and Tralnlng of trustees
The Board ol Trustees is reviewed on a three y88r cycle or when a truslee resigns. The Board requirès a
range of skills, and thls will be maintaingd with th8 Introduc￿on ol new tnJste8s. New trustees are often
h•ad-hunted and oftèn put ttsnward by the Artistic Directcr. Exèeubva Director or th8 Chalr. Proposod now
Iru$tèes arè appiovgd by all gxisling trusl8os kAlo￿ng an initsal meeting lh8 Chair. New tru$t88s ar8
provided with th• Mernorandum and Article8 01 As8OC4abon. most re￿nt 3 year bu&noss plan, minutes and board
pap&rs from the previous 3 meebngs aThY the most recent manag9rn8nt aceounts. Each trust8e is asked to read
Charity Commission guidan¢e on acting as trustee at".
..JIwwN.
ancelcharil
rust8e-what54nvo
and lh8 essentialtruslee, at-
Major rl$k statsrnent
Thè trustaag regubrly revw4 the rnalor rfsks to whfjch the charity is expowl. Systems pw8dutes ar8 In
place io) mitigate any risks indudiThJ insuranc9$, risk asse55mènts eArriad out and health and salèty
policies in place. Risk mtnagement is idenffied in the charity8 bu8ines5 pkn. whkh is reviewed annually.
Oweetlvès and ActivilieB
The objeclwes ol Ihe charty are to promote, maintain. irnprove and advancg public educatbn. partlcularty by
prorrK)ting and encouraging the arts of conternpDrary and classk81 balleL d8ncL and other perforrning arts.
To cffjate high quality and partiapatory eontemporary da￿e theatrè productions for ¢hiklr8n. families and
adults, ￿th a frKus on devekjplng new a￿d￿n￿$ in areas ol least engag8m8nl.
. To ddiver aducation and participation programmes for childran, young peopl? and adults. including the eld8rty.
striving lo b8 inclusive and a￿$s1b1& for 811, wilh 8 lo¢u8 on supporting neurcMJiver5ity.
• To cJJNvate a p05the envlrtsnrnentfor dance in the Ncllh E&st of England by retslnlng danc4 exp0rtIs0 and skill
by omplo￿n9 dancers with a wid8 agè rang8 from 20s up to eos.
In sattlng th8 obl8CttV8s of th8 chartty, th• trusto•s havo paid du8 ragard to Ihe Charity Commisslon guldance on
public berbefit.
Tourlno & New rnld4argo s¢al• Productlong
W8 comFleted our UK tourlryJ prwr8mrne of ow retr￿U￿ted prfyJuctl¢M R8punzsI, and Rapunzel After Dartr, a
W ver￿¢)Th for adults 8ged 16yrs+ Rapunzel and Rapunzel After DÈrk was performed by 7 balklLORENT
dancar5', 2 wstgraduatg student danceTS', and were joined by up io 4 gu8St regiorbal dan￿ artists 8nd ih&lr
pre￿h0o1 th1￿ren, and up to 17 children aged 7-14 ye8r5 fomied a ¢ommunlty chorus In each that we
tC￿jred. BetrNogn 5 April 23 and 10 February 24 we toured to a total of 5 venues, vAth 10 parformances and 3.071
aUdIen￿S.
Pap2

Ballet Lorent Llmited
Tru$toos' Report for tho Y￿r Endod 31 March 2024
We developed and toured t￿￿ vetsions cl Th6 Vdv&ts•n Rabblt10-3yrs and 4yrs+) inspir0d by the story by
Margery Williams, r8told by Ben Cromptort. This pr¢du¢tiort involvèd 4 dane&rs 8fKI 2 poslgr8du8te students.
was ¢reated for srnall scale touring. The production ioured to Alnwck P￿YhOuse, Maltings Berwid( and Queens
H811 Hexham between 2 March and 24 March 2024. to a total of 864 audi8nces.
Dlgttal
Wa contsnuad Crèating (xnlgnl for our *Jigttsl rlafforn balletLORENf 81 Hon7e. showcasing our broad range of
ffilrned work. We 18unched an interacb"v& edU￿b"On portal for Learrring aThJ Parb"cipation prograrnm8S C811ed
CREATE.
We created a fikned version ol Rapunz81 Affsr Dath. gntiued RapuntylR￿. Thi$ was complgted by end of March
for di8tribution on digital plaifomi M8rqu88 TV.
Wealso released a behind thg ¥cones fikn of the young Darlington ¢¢)mrnunty c8St in Rapunzel.
We produced iwo films wlth our The Youth Academy The BegAnning- gxpbring themes of celebrating ourselves
and each other. being loud about vtho you ara and enjoying dancinglnKJving lo music in your own uniqu• way
and B fOrB8lon￿ng. a journey to explore the concept of bek)nying.
The 8ecomlng premiered at Tyneslde Cthema In June 23. t)efore Its Onl1￿ release.
Tl)8 Lost Happy ErtdAngs and Rump8lst1ltsk￿ film Continued to 3tre8m throu9h Marqu88 TV. a 9lobal on dèmand
str•aming SeNiea for eribcalty acclaimed dance. opera. and theatre perfomi8n¢gs. A continuation of a 3 yaar
agre8mgnt from December 2020.
Th8 Rump81sbltskln fllrn Is In Its flnal year of a 4yr agreement120201 ￿th Sky Arts. • BrftL8h t￿48m￿nd TV
thann81 dedicated to the best arts programming across all gènras 24 h(wJrs a day.
Leamrng and Parti¢iF)ation
Our ￿arning and partlclpation prDgramme give5 moaningful culiuRI opwtunibe5 to chik1￿n. young peo￿e. and
older people who are Ivlng In wverty. maryina115ed, or living with socioleconornlc underprlvllEg8. Frorn our home
in the west of NewcAStlg ￿ engage with people locally offer￿9 both weekty community classes. and specific
proi8cts throughDUt the year.
Neurodlvergenc•
As a cotnpany ￿th Sv8d experfence of neurodlverslty we a￿ commffted to provlding safe and inthsive spaces
nd supporting people wlh neurodlvetse conditions. We eonverted one of our rooms into a sensory $pace and
we have en$u￿d that staff stay updat8d wth supporling neU￿diVerS￿ b8ha¥iours wth r8guLqr tralnln9.
Rapunz•l Guest Professional and Young Communlty Casts
As our natKinal tour of Rapun281 and Rapunzgl After Dark continued, our uniqug national cornmunity cast
prcgramme saw 150 yèar 3&4 thildr8n from Doncasier and Derby. particApa18 in cr8ab'v8 dance workshops in
their schoob.
Across thè year, 51 thiklr8n perfomied atongslde our Profes￿onal dancers In thelr k)cal theatre5 in L88ds.
Darlington. Don￿Ster, Durham and De￿y. We are proud that children with no p￿ViouS daneè axparigncg have
had th¢8 chance lo r8alis& their ewtiva abilrti&s. and to ￿rf¢*M in front of audignw. tiiend$ 8nd farnilies for the
very fivsttlme.
Our cornrriltmfnt to art15ts wth caring ￿pOnsIbIlitieS continued, as we delivered a programme to support Ortlsts
who ara ngw parents to retum to paid perfomanee work. 28 parents ènd their pre-sthool thihjren have
rehearsed and perfom)ed vlth the company in both versIons of Rapunzel this year.
Youth Academy Junlors and S8nlor8
We continue to recognSse unexplJred talont Ihrough our 18aming and participation prcgrarnrnes and Invite
chldr8n17-14yrsl to join our Youth Academy wh8re we delSver ¢onslstent and hlgh qUa￿ty trainin9 In movement
8nd cr88tiMty. These S885iDn8 take place weekjy at our studlo. We were also suc￿$s1U1 In fijndmising tD SUPPOrt
the costs of sgttsng up an older youth acadarny, Cr•ativ& Studio for 1>18yr okjs, which oxtands our provi510n to
include design. fikn and mu&c rna￿"ng.
Page 3

Ballet Lornnt Llmited
Trustges. Report forthe Year EThd￿ 31 Mar¢h 2024
Community wot*sh4w and wohcts
Having a studio in the w98t of Newcaslle has enabled th* wmpany to grow our ongagem?nl pro9rammas
and we now run fvo regular gr￿pS a week. This indudes yoga. da$ses lor babies aThJ young childr9n ￿1th
parents & ¢8￿r$, an ohjer persons dance class, adult ballet and our knitting group. The Movers, Knitters and
Shaker5 project continues to be vèry popular, attra¢ting over 15 regular 0￿er peopb (aged b8tw&an 60 and 85
yrsl lo attend W￿klY $9$51on$ where they knit props, help ￿1h costumes and rnova forw8lln8S8.
Cr•atlvo rgsldonclgs
We are proud to delver an extenslve programme of activty wlth schocls across the region, introducing chldren tt)
dance theatr8 throu9h partlclpation and as aud*n¢e members. This yoarfs programme has buitt on partn*rships
wtth Sch￿18 dirgctty neighbouring our Seotswood bas8 and has seen us engage with schools across Newcastle
ftrrthe first time as we continue to widen our leamiw and participation opportunitios.
553 puplls aged 7-10 YTS from seven prfmary schools across the ¢ty P8rtkipatod in cr•ativo dan￿ workshops in
Iheir schotsb. th•md arouncl our fairytab shows, afyl The Vdveieen Rabbit.
112 year 7-11 pupi15 at Colllngwts)d School and Media Arts Cdleg9, Morpeth part￿pated In 8 day of career
dev8lopm8nt including I￿r8 d8monstralons, talks, and uèalivo danc8 $8sslons.
Wlth fundlng trom NeKastb CuNur8 kniestrnent fund, we were dalfightod to offer 83 chlllren aged e4yrs from
Irnl schocAs St Bedè's RC and Broadw0￿ primaries. along wrth 20 thiklren aged 0.3ys from 8rbdgewater
Nursery the opportunity to 8tteThJ a Iree performance ol Thè Velveteen Rabbit premre shows at John Martey
Centre.
Prof•sslonal D•v•bpm•nt
2 postgraduate dane• $tudenis eomfflenced their 35 week work-based placement as part ol their MA in
Contemporary Dance Progrdrnme at thg Northpm School ol Contemporary Dance and took part in the t(yJr or
Rapunz&l and Rapunzel After Dwk and Thè Velveteen Ra1￿1.
6 students from sclwb and ¢olle90$ at*ossthe reg'on have und?rt8k6n work placements
And we oldwered our annu81 wè8kbng movement res*ts8ncy with Newcast￿ Theatre Royafs 1yr 8¢tor training
programm8, Project A.
Dorlln9ton Engagement Programme
We have wntinu•d to intsract wilh CAynmunities irt 08rfingion as part of our miss￿On to offer dance an(1 ¢￿tiva
otporbjnfjbes In the ACE prlortty area. Ovor the year, we delivered Worf(S￿)ps at each of four Darltwn Prirnary
Schools for 480 year 1￿ chlldrèn based on The Velveteen Rabbrt, and hav8 deliv8r8d POPryUP 510ry tlmes at
CocJ(erton Library and Hulbbabo. wth characters from th9 Show sThing y(NJng chill￿n in their k)cal
communities.
Summary of maln achlevements durlng th• yaar
We toursd 3 pw¢)JuctvJn& Rawnzel. Rapunzel After Da￿ and Thg vefv$t￿n Rabbit.
3,935 ticketssold
1,663 individual chikjren. youn9 and Adults partiapated in danco activity wilh baI￿lLORENT in
2023Q4
24 thiklren and young peopk completed Arts Avrard Dlscover, Explc*e And Bronze through their
paitiupation in our proJr8mrnes
51 children aged 8-14yY8. 28 pre-Sd)0￿ children along with their pa￿nIS joined our professh?nal
casts On stage in Rapunzel In Darllngton, Donca5tEr, Derby. Durham and Leeds theatres
W9 had 621 partiupant5 enjoy our classes at John Marfey Centre
1.199 children twk part In creative dance w9rks1￿ps In their s¢hoob or ¢ommunltyacross th& UK
Page 4

Ballet Lorent LÉmited
Truslees. Report for the Year Ended 31 March 2024
81 professional artists and students engaged in actiwty to devebp theirartistic praetiCOS
8 young peopk undertookwork placement8
15 vO￿ni60r& genorously contrfbuted 80 hou￿ of their tlrno lo support ouracttviti9$
We retain8d ttlghly 8kn"l￿d dance expertise ￿ the North Ea6t through reguEar ompbymnt for 8 maiure
dancers aged 3640.
Futuf• Plans
Wa wlll craate and pr8ml8ra Srv)w Whlto and Snow Whlt&Th& Sacrfficé at North8m Stagè, Nèw¢Ath
Wg wll tour Th¢ Ve￿81¢en R8bbil to 3 moro vgnugs in Spring and rework it to tour one version in
Autumn.
We will cr8at8 a fikn whith showcas8s our work with old8r dancers.
We aim to deliver a Capital project with partners at John Marby Cenlre, èmbodding Inc￿siv[￿ aTh
access iThio the buibjing and enwronmental sustsinability ihrough a venu& d8￿rbon1$at10n projecL
Finan¢io1 R•vi
b8lletLORENT h8s secur9d funding up to 31st March 2026 as a NatiC￿81 Portfolo Organlsatlon through Arts
C￿nCil of EngLqnd.
balbtLORENT has contir¢ued lo r8ceiv8 grants from Trusls & Founolations wth a focus on epplthions for th8
Community Cast Participation and Performan¢e'. Youth A￿de[￿Y and incr8ased 8ngagetnent in areas of
soclo*conomic deprlvafjon In Newcast￿. Grants were recelved thtuugh thg Comrnunlty Foundation, John
Ell&rman Foundation, Threa Monki8s, The AsNey Foundation, John Thaw Foundation. Newby Trust. Hay8
Trdvgt. Gyyling Trust. New￿￿tte.CitY Council Youlh Fund. Sir Jamgs R8¢kn11. NAOFAS, 8ritford Bridge TrusL
Gosling Foundation. Hadiian Trust. Didymus. The JThcey Tru8t and ZEDRA Trust.
Reserle's polley
At tha end of Ihe the charity had reserves of £419,546, of whlch £51,601 ora r￿triCted. Frea reserves
(unrestricted less fixed assets and designated fundsl total £295,191. It ha5 been ayreed that a rninirnum 18vel of
reseNes requlred Is £105,000. whlch Is equlv8lent to 2 months opèrdUr*J c08ts. 11 funding 18V818 droppgd
*gnrflcan￿y. thi8 arnount woull albw the G￿rity to gpgrate whitst furlher fvnding was obtsined or a plan w88
madeforthe ordety cb)sure ol projects.
The Board has agr•ad to dasigftat• £100,000 for the following ar88s of business in 24125. Firslty. rgSgrvg& for
L%pIt51 and r8P81rs fund to support our 8mbitlon to ddiv8r 8 C8pIt81 project at our new hom8 at the John Mamey
Centre and to allow Tor any unexpeded ￿Pair msts Ihal may occur. Secondty, ￿se￿$ for contingenty. which
Includes ar￿stIC prograrnmlng and a r￿eW of cosl ol Ilvlng Increasè lor staff aThl freebnc8r¥.
Small company provl8lons
Thls rapjrt has been prepared in accordanc* tha sm8Jl eompanies r8gime ￿der Ihe CDmpanlesAct 2(Ml6.
Approved by the Board on S Deeember2024 and signed C￿ rts beh81f by..
KAUoyd
Saeretary
Pag& S

Ballot Lorent Limited
Trustees, Rosponslbllltles in rnlatlon to tho Flnanclal Stalements
Tha trustèas Iwho are also directors d Balbt Lorent Limited for the purposes of c¢Ynpotsy ￿w) are responsibl•
prgparing th6 Trustees, Annu81 Report and the finÈnci81 statements in accordance wilh 8pplicabl8 law and tho
Financial Reporting Standard 102 - The Flnartclal Reporting Stawwjard applc8ble In the UK and RepublK of
Ireland..
Company law requir88 th• trustees to prepar• ffinandal statemgnts for èach financial yoar whith gNe a truo and
falr vlèw of the siale of aff&irs of the tharilabb company and ol the incoming resources and appliCat￿n of
r8sources. includlng incomo 8nd expenditure, ol the chafltable company for that pernod. In preparing ihEse
finandal statem6nts, the trust995 ar• required to..
sglecl suitabb accounting policiès and then appty Ihgm eonsiStenUy'.
obse￿8 thè m&thots and principles in the Ch8ri1i95 SORP-,
make ludgem8nts and estimate5 Ihat are reasonable and prudent.
stat8 whether applicable UK accounfjng standards havE ￿en folk>wed, subject to any materlal departures
disclosed and expkin8d in the financial ststernents,. and
prepare th6 finanryal slat&ments on th8 going concem basis u￿#s8 il is inapprowiate to presume that thg
charitable ￿MpanY contlnue in busine38.
The twstee5 are résponsible for ke8ping proper accounting rgeards thal discbse ￿th rea59n0b￿ accuraoy at
any time the finanGial po*tK)n of the ch8riiable Company and enatAè thèm to ènsure that the fi'naneial statements
comply wlth the Companies Acl 2006. They are a150 ffjsponslblo for 5afgguarding Ihe assets of the charitsb
cornpany and hence for taking reasonab￿ st8ps forlhe prevents.on and detecth?n of tr8ud and other i￿egU￿rI￿es.
Pag• 6

Indgpendent Examln•rfs Report to the Trustee8 of
Ballot Lorent Limtled
I repjrt on the accounts of the cornpaty for the yaar ondad 31 Mard12024, which aré $8t oul on pagas 8 to 21.
Re8PeCtl¥e responslbllltla8 of trust￿8 and •xamlner
Th8 Irustees (who are al80 the dlrectoTr of the companyflxthè purposès of Company lawl arb rèsponsib￿ for lh$
preparation of the accounts. The trustees consider that an audit 15 not required for this year under sgdiTh) 144121
of the Charltlos Act 2011 Ilhe 2011 Act) and that an Ind8p8ndgnt exarnination is ne8ded.
The L4)ariVs gross incomg oxe8adgd £250,000 and l arn qualified to undertake tho examinabon by belng a
qU81ified rnernberof the Institute of Chart8red Accountants In England and Wales.
H8vino satisfied my$etF that Ihe eharity 1$ not subj8Ct to audit vndor Part 16 of the Companies Act 2006 and is
elblble for Independent examina￿on, It Is my reswnslbllityto..
exarnlng tho accounts ￿￿er sfjctlon 145 ￿th• 2011 A¢t',
follow the prC￿edureS Lgid down In tho Ganoral Diractlons g￿tsn by thè Charlty Commlsslon under $e¢iion
145 (51 Ibl of the 2011 Act: and
state whether particular matters have come lo myattenth?n.
Bash of Indopgndent gxamlnorf$ r•port
My oxamlnadon Wds ￿rrI￿d out ITh awjrdance wlth the General Dlrectkjns glven by tl* Chsrlty Comml88ion. An
exanwnation inclLKles a review of the accounting records kept by the charity and a eomparigon of thg accounts
presented with th058 r8cords. M aLs0 inrjudes conslderation ol any unusual Items or dlscknsures In the accounts.
and seekJng 2xpl8nalons frorn you as trustees concerning any such matters. The procedures undertaken do not
provide all ihe evklenc8 th81 be required in an audit and wns94U8ntly no opinion is giv8n as to whgthgr
the accounts present a Inje and fair view, and tho raport k8 limited to Ih05e rnattèr9 Sot ¢)ut in tha statement
below.
Ind•p¢nd¢nt ￿amIng￿l Statement
In connoction wilh my axamination, no matter has o)rne to my attendon..
11) ￿1¢h glv¥$ me rgasonabb cause to belleve that Sn any materfal respectthe wulrements.-
io keep accounting r¢¢tsrd& in ac¢xJrdance wth $8Ction 386 of Ihè CcNmpanies Act2006: and
to prepare aecouftts which awd wth tho accountirrfj rocords, ￿rnpty wrth the accounting
r8quirements of section 396 of the Cotnpanies Act 2006 and with the rnethad5 and principles of
the Statement of Reo)mmended Practieè.. Accounting aKKI Reporting by Charit18S
have not been mel.. or
121 to which. in my opinion, att6r¢ticn should b9 in order to *n8bb a propor und¢rstsnding of the
acec*Jnts to bè rèached.
FIFTEEN Rosèhill
Montgomery Way
Rosohill Estate
CARLISLE
CA12RW
ne
on FCA
d & Co Limited
hartered Accountants
5 Docomber 2024
Pège 7

Ballet Lorent Llrnlted
Statsment of Flnancial Activiiies Ilncludlng Income and Expendltur• Account) for the Yur
Ended 31 March 2024
Unr•strfcted Restricted Total Funds Total Funds
Fun+Js
Funds
2024
2023
Nots
Incom• and •ndowmonts froTh:
Donations and leg8¢18S
(￿her trading acbvities
Charitable a¢tivilies
Ott)er ineomo
Total income and *ndowm•nts
546,077
1.745
112,248
825
660,895
122.472
668,549
1,745
112248
825
783,387
552,917
2,383
153.666
1,514
710.460
122,472
Exponditur• ort:
Roising funds
Charitable 8ctiviti•s
Total expendhure
12.258
653.820
666,078
12,258
748.949
761,207
12,820
682.338
695.158
9S.129
95.129
Net b*lor• transfers
15,1831
27,343
22.160
15.302
Transfers
Transfers fundB
S,530
15.530}
Net movernents in furyJ5
347
21.813
22.160
15.302
Reconclllatlon •f funds
Total funds broughl foThvard
Total funds ￿rried forward
367,598
367,945
29.788
51,601
397.386
419,546
382.084
397.386
AJI of thg Charws at￿Vit*SderNe frorn conthnuing opgrgtions during the above pwd$.
The notsg on pages 11 to 21 fonn an integral part ol these flnanrial st3temetrts.
Pa￿9

Ballet L¢rent Limitsd
Company rnglstratlon numbgr.. 05093450
Balanc• Shoot as at 31 March 2024
2024
2023
Noio
Flxed assets
TangitAe a55ets
72.754
46,428
Currènt a$s•l$
stocks and work in pKoress
Debtors
Cash al bank and in har¢
1,053
154,237
222,460
377.750
12
73.766
293.737
367.503
¢r•dltor•: Amounts falllng du• wlthln
one year
13
120,7111
126,792)
Not current as8¢ts
346,792
350.958
Nel 8$8ets
419,546
397.386
The funds of th• eharity:
Rgstrl¢te¢l fvnds
51,601
29.788
UnNstrl¢t•d funds
Unrestrtcted Incotne fund
367,94S
367,598
Totsl ch•rlty funds
Fu the financialyear ended 31 March 2024. the rknrtywas ent￿ed to exemption from audit under￿tion 477 of
tho Compani8sAct 20￿.
419.546
397.386
Th8 members hav8 not rgquirwj th• chadty to obtaln An 8u¢YIt of Its aecounts for th8 ￿ar in qu•stlon In
ac￿rdance wlh section 476 oflha A¢t.
Tho dirèetors acknowbdge thelr rnspons1b0￿tI￿s for o)mptying wlh tho roquSr8m8nts of the A¢1 b•ith respect to
a¢counting records and the preparation of aceounts.
These accounts have been prepared Sn accordance wlth thè pro￿810n$ 8ppII(*bb to COTnpanies subject tts the
small companies wim8.
Approved by the Board on 5 Dec8rnb¢r2024 and signed on it8 behalf by..
PAFJ
Trustoo
slon
The notes on pag83 11 to 21 fcM an integral part of these financial stalemenls.
Page 9

Ballet Lorent Limited
Cash Flow Statsmant for the Year Ended 31 MarGh 2024
2024
2023
Net ¢a8h provided by {us8d by) ope￿￿n0 actlv5tles
Nel Income for the perk)d
Dopro¢iatlon charges
Decrèasellincreasel kn slod(s
Decreasellincre85el in debtors
(De¢￿SeyIn￿a$e #) ¢￿dItorS
Z2,160
9,391
1,053
80.471
16,0811
106,994
15,302
1102.0701
12,479
170.512)
Net cash providod by (used inl InYÈsllng acti¥itie*
Purchase of prO￿rty, plant and equpment
135,7171
135.7171
127,2921
121,2921
Incroa¥glldo¢r•as•l in cash
71,277
197,804>
The no¢e6 on page8 11 to 21 fom an Integral part of these flnanclal ststements.
Page 10

Bollet Lorent Llffllted
Nolos lo Iho Flnanclal Statwnonts for the Yoar Ended 31 March 2024
Accourtlng poll¢lg¥
Summary of slgnlncant a￿oUntIng poll¢les and k•y #ceounting eBtlmat•s
Th8 princip81 aw)unUng Kx)knd8s applgd in the preparatlon of these fina￿al 5fatsments are sgt out bg10w.
These polryes have been consistentty applied lo al the Yea￿ presentsd, unlgs¥ oth?￿r&& 8tatsd.
ststerngrf of ¢omplianco
Th6 financial statomènts hav* baèn wèpar8d In a￿ordanCe wSth Accounting and Reportitvj by Charttie5'.
St8tementof Recommended Practice applicable to charities preparlng thelr aceourtis in 8c(x)rdance wth the
Financial Reporbng Standard applicable in the UK and R8publK gf Irg18nd IFRS 1021 leffecbve 1 January
20191- ICharili8s SORP IFRS 10211. the Financial Reporting Standard appli¢8ble in the UK and Republic of
Ireland IFRS 10218nd the Companlès Act 2008.
Basls of prnparatlon
The Charlab￿ cornpany rneets the defflnltEon of a pU￿1C benafflt antity undgr FRS 102. A5S8t8 and Ilablllties
a￿ inthalty recognised at historical cost or tr8n$aclign ¥a￿e unl8ss oth8ThViS• Statsd in th• ra￿vant
a¢¢ounting pl41￿ notes.
Golng t¢￿￿rn
The charty has ConsIde￿ whether the use ol the golng concem basis fix accounting is approprrate. To do
thls, they have t>)nsldered whether there ar6 any mat8ri81 uncertalnt18s as to the Charftys abllty to continue
as a gO￿g concern. The Iru5t8es pr8par8 detailed ¢ash flow yolectK)ns budget5 and ks è result of
these r8vi8ws, Ih8 truste8s ar8 satisfied th8re are no material unc8rtainti8S 8LM)ut the chariws ability to
ntlnug as a golng concem.
FWKI a￿oun11n9 policy
Uniestricted Ineome funds are general funds that are ovailable for uso at th• trustses. discration In
furtheMc6of tho objaelives ol thg charity.
R8Strtcted income funds are those donaled for use In a partJ"cular area or for $po¢lflo purposès. the use of
whlch is re8lrict8d to ihat 8re8 or purpose.
Furth8rd8tslb of each fund 8r8 dlscbs8d in noto 18.
P•g¢11

Ballet Lorent Llmlt•d
Notss to Ihe Financial Statsmonts forlho Year Ended 31 MarGh 2024
. conts.nued
Incomg and endowmonts
Donations are rocogr*sed b%fien Ihg Charity has been notified in writing of both thè amount and setuement
date. In the event that a dona￿.On B 5ubjeet to conthtions that require a bvgl of ￿rtOm7ance by the Charity
before Ihe Chanty 15 entitkd to the funds. the Income Is ¢jefer￿d and not recognised unNI eith8r those
cOndi￿OnS are fijlly met, or fuffllmgnt of ￿se conditions is wholly wilhSn the control of the Charlty and it
15 probabk tl%gt Ihese Conditions￿11 be fuifilkd in the reporbng perk)d.
Legacy gifts arè recognised on a fAse by case basis f￿hOWing thg grant of Pfobate when tho
administor/executOT for the estate has comrnunicat8d in ￿i￿rvj both the 8mount and sètttem6nt d818. In thè
$vènt that the gift is in the fom ol an assot other than or a finanthal asset traded on a recognised siock
gxchang•, recogni￿.On is subj8ctto the vtjue of the gifl being reliabty rnè8su￿d wlh 8 degre8 of r8asonabkg
8ccur8Cy and the to the assel havlng been transferred to the Charity.
Incomg frotn Governm¢nl and othEr grants, ￿el￿eT'CaPltaf grants or'r8v8nu8' grants, Is recogni5ed when
ihe charity h85 eniitlement to the lund$, any psrfomiance COndtt￿n$ attached to the grants have boon mèt.
It is probablg thatthe inc¥)mewill be received and tho arnount can be measured relisbty and 15 not deferred.
In¢ome from tax re¢kim$ Sre ¥)cbJded in the statsmont of financial activities at the same tsme as the gift to
which they r81ata.
Income from eharilable actiwtws inclu(lè$ Incon* r6¢))gnlsed a8 earned186 tho r*laiod good8 Qr 8eNic8s
are providodl undor contract.
Expend¥lur•
Liabilities 8re r8¢0gnised as soon as thero is a legal or ￿nStru¢bv0 obb"gation o)mmitting Iha ¢￿)rity to th8
*xpèndiiure. Al expgndilLtre 15 accounted ts on an a￿r￿815 ba&5 and has been classifigd under headin9S
that aggregate all costs related to th6 category.
Expènditure on ra18ing funds k8 tha cost ol irading for (undr8i$ing purposa$.
Charitable expendlture cornprfse5 those costs Incurred by the chartty in Ihè de&very of Its aclivits85 and
servlces for its b8n•fici8ri88. ￿ ir￿l￿deS both ¢￿St$ that can be alkK*8d directty to such actNttias and thos8
(osts of an indirect nature necessary to support thom.
SupFK4rt ￿$ts
Support cosls includè c&ntral functions and have ￿8ft allocated to a¢tiiYty cost ¢•leg￿*S on a basis
consi818nt the use of r8source5. for axatry16, a1kXa￿rwj property costs by Ib)r ar@as, or per caplta,
staff ￿sts by Iha limo spent and other costs by their usage.
Irrecovtrable VAT
IrrecL*verable VAT 1$ Charged against the calegw of rèsources expended forvknich it was incurre(l.
Taxatlon
Thè Charty is considered io pass th• le$l$ sel out in Paragraph 1 Schadule 6 of Ihe Finaneè Act 2010 and
Iherefore It rnee￿ the dgfinib'on ol 8 chariiable company for VK wrpjration tax purposes. Accordingly, the
Charity pot8ntially exempt.from tsxabon In respect of income or Gqpital gains re￿iVed wiihin categories
covered by Chapter 3 Part 11 01 Ihe Cuporation Tax Ad 2010 or Saction 2S6 of the Tayalion ol Chargeable
Gains Act 1992, tty the extenl that such Ino)me or gains are applied exchjsivety to charttab￿ purpose5.
Foxed a88ets
IndivK1ual frxed assets costing £100 or mre are knthalty recorded at cost.
Pag• 12

Ballot Lornnt Limitod
Notss to tho Flnanclal Stat&m8nts for Ihe Yoar Ended 31 March 2024
.. wnhnugd
DepreCIa￿on
Deprèciation is prtsvKled on t8n9ible fixed ass8ts so as to write off tho cost or valuatlon, 10s8 any estimated
residual value, ¢)ver their expected useful economic life as follows:
Fixturg$, fittings and equipment
15% reducing bajanco basfjs
Siock
Sto¢k valuad at th8 lower ol cost and net ￿lIsable value. after due regard for obsolete and sbw moving
st(Kks. Net realsabb v8luo 18 based on selllng price bs5 antldpated costs to complotion and selllng &￿t8.
Iterns donated lor resale or distributlon are not includ8d in th8 financial statements unb'l they ar8 sold or
dlstributod.
Trade Debtor•
Tr8d8 d8blor5 are amounts due from customer5 for merchandise 501d or seNice5 perfO￿ned in the ordinary
¢C4Jrs8 of bu$lne$$. Trade debtors are reeognlsed initially at the 1ransaction prlcè. Thfry are 8ub5equenlly
measu￿1 at amortise(1 cost using th& &ffective interest method. bss provision for irnpairmenl. A pmvision
for the impairrnent of Ir8d9 d9btors is established when Ih8re is objective evidence that the Charity wll not
be able to colknlall amounts due according to thè originsl term$ of the rèeèiv8bles.
Cash and Gash Equlvaknts
Cash and cash equlvabnts comprk%e cash on hand and call dopo¥its, and othgr Short4e￿ highly liquid
I￿￿$tMentS that are readlly convarliblo to a knL)wn amounlof cash 8nd are subja¢t lo an in8ignifunt rfsk of
change in Value.
Uabllltlès
Trade uedttors are d)ligations to pay for goc￿$ or sarwcès that have been acqulred In the onjinary course
of business from SUpp￿erS. Accounts payable ar8 classified a5 curr8nt liabilities If th8 Ch8Wity d088 not have
an uncondltlonal rfgm. at the end of the rgporbng period. to defer settlement of the credrtor for at least
¥elve months after th• r8POrting dale. If there Is an unc(thditional rfght to defer settkmenl for at laagt
twelve months 8ft8r th8 reporting dat6. they are presented as non-current liabilties.
Trad8 creditors are r6cognls8d initially at the transactKJn pric8 and subsequentty measured at amort5sod
e¢st using the effective interest mèthod.
Oporatln91gase•
L9058s in whiL* $ubslaniialty all the risks and rawards of own8fship ara rglainod by Iholgssor arè d8ssified
as operats'ng leases. Rentsls Payab￿ under operating lea88s ar8 charg8d in the Statern8nt of Finandal
Actfvlties on a straight ffne basis ovarthè lease term.
Penslon$
The ehanty 0￿rateS a deffned &)ntribution penslon sCheTh￿. Contrlbutlons are charsed in the ststemerrt of
finan(ag1 adivi11gs as they becvme payable In accordance with the rukn of the schome.
Pa9e13

Ballet Lorent Llmited
Notes to the Flnancial Statements forlha Y￿r Ended 31 March 2024
.. LY)ntlnued
Flnanclal Instrurnants
Financial asseis and financial liabililie8 are recognised when thè charity becomes a party to thè ¢ontracbJal
provisitirts of the instsument. Financ4al liabilitlèg and equity instruments a￿ ck2ssified accordsng to the
substance of the contradual atrangements entered Into. An equty Instrument Is any ￿ntract thal evldence5
a residual interestln the assets of the Charfty after d8dL$Ct￿9 all of Sts labilities.
l flnanaal 85sets and lab11￿.eS are initialty measured at tr8n3acticfi prlee (Inc￿ding trdnsaclon ¢Jistgl.
except for thos8 finanual assots classified as at lair valuo through profit or loss, which a￿ initialty rneasured
at fair value Iwhieh is ntsmal￿ the transaction price excluding trans8ctKJn costs), unless the arrangement
n$iibJtès a finanong transaction. If an arrangement ¢￿stitUteS a financing Iransactv)n, the financial asset
or finanei81 li8bilty Is mgasLJred at the present value ol lh8 fuwre paym6nts discount¢d al a markot rate of
Interest for a sirnibr debt instwrTrent.
Financial a$8e& and habiEtiès arn only offsel in the statement of financial position when. and only vthen
there exists a ￿galty eTrf0r¢eab￿ right to set off the reccgnlsed amounts and the Charity Intends e￿her to
setue on a basis, orto realise the asset and setue the liability slrnuttanetyjsty.
FinAncaal assets are derewni88d whèn and only when al thg contra(lual rfghts to the cash fk)ws fnm the
financial ass8t expir8 or are settled. bl the Charity transfers to another party substantialty all of th8 risks
rewards ol ownership of the financial asset, or ¢1 the Charity. despbte having retained some. bul not all.
5wJnlflcant rfsks and r8wards of ownershlp. has transferred (x)rlJol of the asselto 8notherparty.
Financial liabiltles ￿e derecognised onty when the oblLqaJon spaclfied In the contrad Is dI￿ar9$d.
cancg118d cf 8xpir8S.
Donatlons and 18gacl85
Unr88trieted Restrictod Total Funds Totsl Funds
Fund$
Funds
2024
2023
Grants
Trnsts and foundatio
Arts Counal of ErylarbJ- public grants
other granis
8.750
537.327
108.252
8,001
6.219
122,472
117,(J)2
545,328
6,219
668.549
61.500
480,136
11,281
552,917
546.077
01 the donations and kgaclgs incom8 in 2023. £427,544 relalad to unTeslrlcted fvnd$ and £125.373 rolatsd
to re$iJlcledfunds.
Oth•r tradlng activiti•6
Unr•strtcted Ro$trictod Total Fund¥ Total Funds
Funds
Fund8
2024
2023
Fundraising
Gift aid incorne
1.660
85
1.745
1,680
85
1,745
2.254
2.363
l of the other tradlng activitN8s Incorr￿ In 2023 ￿lated to unr85trictvJ funds.
Page 14

Ballel Lorent Llmlted
Note6 to the Flnanclal Statements for the Yoar Ended 31 March 2024
conthued
Charltsblo actmtles
Unroltrlcted Re8tiict•d Total Funds Total Funds
Funds
Funds
2024
2023
istic programme
Oigilal produdion incom8
Other eamed income
Theatre tax raliaf ￿e1vab
45.811
1.252
16,980
48.20S
112,248
45,811
1.252
16.980
48,205
112.248
54.090
1,268
10A28
87.880
153,666
Al of th& income from chadtsble advlles In 2023 related to unrestrfctedlunds.
Oth•r Income
Unrostricted R8strlcted Total Fundg Total Funds
Funds
Funds
2024
2023
Rental ine¢m&
82S
825
1.514
All of the othor Incorr￿ in 2023 related to unrestr￿ed flmds.
Page 15

Ballet Lorent Llmll•d
Notes to the Financlal Statements for the Year Ended 31 March 2024
conllnued
EXper￿ltur•
Fundrnlslng
P•rfomianc
•s
Total
2024
Total
2023
Direct Gosts
Openlng stock
Performanc8 COSt5
Artist fee5
(Josing stod(
Subcontractor c¥)sts
Office rent
Venue hlre and licences
Trdvel and a(L0mM￿ati0n
Royalll8s payab
1,053
131,938
46,724
1,053
131.938
46,724
262
128,486
72,882
11,0531
14,137
23,260
13.251
31.507
2.948
285,680
12.258
1,146
40,476
12,928
44,494
1,867
280.626
13,404
40,476
12,928
44,494
1,867
292,884
12.258
pport ¢Ogtg
Employment costs
Business rat•5
Insurance
Ropairs gnd maintenance
Te￿phOne
Prin￿Thg, postagè and statlonery
sub5cripts.ons
Sundry expenses
m8rkets.ng
Accountancy and professional
Independent 8xatninerfs fee
Legal and profes￿onal fee¥
Bank ¢hwge$
other interest payable
Depreciai¥)n of fixtures, fittings and equipment
Training and ccfflsuttan
373,336
373.336
1,664
3.713
21.724
2,610
1,949
4.897
12.937
12,156
7.457
450
13.907
48S
21
9.391
1.626
468,323
331,957
3,317
3,519
9.297
2.717
1.345
3.867
9,232
28.813
6,839
450
3.950
110
3,713
21.724
2.610
1,949
4,697
12,937
12.156
7,457
450
13.907
485
21
9,391
1,626
468,323
197
409.478
12,258
748,949
761,207
695,158
Crfthe expendrture in 2023, £515,484 related to unresiricied funds and £179.674 rekted to restriclod fvnd$.
P•ag 16

Ballet Lorent LimSled
Not•s to the Financial Statom•nls for th• Yoar Ended 31 March 2024
conllnu6d
Governance
2024
2023
A¢¢ount8ncy fee?
Independent examlnerfs fee
Legal arKI professional fees
7.457
450
13.907
21,814
6,339
450
3.950
10,739
Trust9￿. rgmungration arml ¢xpgn$•ty
NL> trustees recelved any remuneratknn or expEnses durlng the year.
Ngt Incorng
Net IncY)m¢ Is $t8ted after charglng..
2024
2023
Deprecialion of laTrgible fixed asse
9,391
10 Employ•••' v•mungration
The monthty average number of persons linduding senior man8pm•ntl errpbyed by the charity during the
year was as follows..
2024
2023
Charitsbb athvilK98
14
Thg &Jgr8gato payroll Costs of th8s8 por50ns wero a$ follows:
2024
2023
Wages and salaries
lal securfty
Other ￿nSIon costs
338.403
27,187
7.746
313,336
301.097
24,463
6,397
331.957
.No emi4oye& r6c6ived emluments ol mr6 than £60,000 during tho year.
Th8 key man8gemerrt personrEI cornprE5e the Trustees and the Company se￿etary. The total employee
benefits oflhe key managernent pgrsonhel oflhe Charrty were £47.04812023- £39,735).
Page 17

Ballet Lorent Llmlted
Notes to the Flnanclal Stst•monts lor the Year Endod 31 March 2024
ntinu8d
11 Tanglble flxed a$sots
Flxturo5.
Ilttlngs and
equlpmEnt
Cost
As at 1 Aprfl 2023
Additions
A£ at 31 March 2024
85.173
35,717
120.890
Depreciation
AE at 1 April 2023
Charg8 lor tho year
As at 31 March 2024
38.745
9,391
48.136
Net book valuè
A8 at 31 March 2024
As at 31 March 2023
72.754
46.428
12 Debtor5
2024
2023
Trade debtcrfs
Othar d8blors
Prapayments and a¢￿9￿ income
3.S21
53,637
16,608
73,766
24,1T2
89.336
40,729
154,237
13 Creditors: Amountg tslmng duè wlthln on• y*ar
2024
2023
Trade c¥editors
Other creditor
Accruals and deferred income
11.105
70
9,536
20.711
3,815
7.036
16,141
26,792
14 Mernb•rs' ￿abIlIty
The charity is a private eompany ￿Mited by guarantee and wnsequentty (*xs nol have sharg capita. Each
of lh8 m8mb8rs Is Nab￿ to tontrfbutè an aftKJunt mt 8xce8ding £1 toward5 Iha assots of tho tharity in the
event ol liquidation.
Pag8 18

Ballet Lorent Llmlted
Nots5 to tho Financlal Statemonts for the Year Endod 31 March 2024
.. conllrntsd
15 0￿ratIng l•as• ¢•mmltmont•
As at 31 Marth 2024 the charity had total futurn minimum lease payrnents under non4ancellabb op•rating
108868 as foth)ws.'
LaNI and Bulldlngs
3024
2023
Wlthln on$ye8r
36,07S
29,250
16 Penslon sch•m•
Defined contyibutlon p•nglon scheme
The d)arlty operates a defined ￿)ntribut￿n pen￿oft sehErne. The pensh* cost charg8 fc¢ the perfod
rèpresents contributions Payab￿ by the tharity lo the scheme and amounted lo £7,74612023-£6,3971.
ThèM wère no outstsnding or pr•paid conlributs'ons al eilhor Ihe b8ginnln9 orend olthe finaneioly•ar.
Page 19

Ballet Lorent Limited
14otes to thè Flnanclal Statemonts lortho Ygar Ended 31 March 2024
.. continued
17 Related partles
Controlllng enttty
The chariiy is controfAd by thè trustsaswho are 811 dire¢tors of the wmpany.
18 Anatysls of fund•
At 1 Aprll
2023
In¢omlng
re$our¢es
Rosour¢•$
oxpendod
At 31 March
2024
Tran$fors
G•n•ral Funds
Unrestrfcted Income fund
367,598
660.895
1666,0781
5.530
367,945
R•strlct•d Funds
Cor8 restricted
29,788
122,472
195,1291
{5,5301
51,601
397.386
783,￿7
(761,2071
419.546
Cor& rastricigd- Grants r￿1Ved for spgcific projectswilhin the cha¥ty.
Prlor p•rtod
At 1 Aprll
2022
Incomlng
r•sourco8
R8sourc•s
expended
Al 31 March
2023
General Funds
Unrestricted incomg hJrtd
297,99S
585.087
1515.4841
3fj7.598
Restrlded Funds
Coro rgstrictsd
125,373
71D.460
1179.f741
1695,1581
29,788
397,386
382,084
19 Tr•nsfer8
The tr8nsfèrtotalling £5.530 from re8tric18d funds to Lmreslricted fvnds r•presents restricted funds r￿1V9￿
to purchase fixed assets. 0￿9 purchased the original restriction on the funds was mèl and thè assets wer
th$rÈkn6 transferred io unr86tri¢led fvnds lo ￿floCi tho fact that they arè unrestrictod in u$8.
Page 20

Ballet Lortnt Limited
Notss to the Financial Statoments for tho Year Ended 31 March 2024
conlinued
20 Netas$•ts by fund
Unrestrld•d
Funds
R•strfGted
Fund¥
Total Funds
2024
Total Funds
2023
TangiU& assèts
Current assets
Creditors.. Amounts faNlng due
within one year
Nèt assets
72,754
315.902
72.754
367,503
46.428
377.750
51,601
{20,711
367,945
120,7111
419,548
{26,7921
397.386
S1,601
Prlor ￿rIOd
Unrestrlcled
Fund8
Restrl¢i•d
Fund$
Totsl Funds
2023
Total Funds
2022
TaNJiblg awts
Current assets
Credrtors.. Amounts fralllng du8
ithin one yèar
Nel assets
46,428
347,9e2
128,7921
367,598
46.428
377.750
126,7921
397,386
23,704
372,693
{14.313}
382,084
29.788
29.788
Pag8 21