CHARITY COMMISSION
Ballet Lorent Limited
{A cornpany limited by guarant••l
Annual Report and Financial
Statemerrts
31 March 2025
Company registration numbw. 05093450
Charity registration numbor. 1162921
dOdd&co

Ballet Lorent Limited
Contents
Raferèncè and Adminislratwe Details
Trustees. r8p(wi
Truste8s' responsibilities in ￿lat￿)n to the fin8ntsal statements
Indep8￿￿￿18Xamin?Is
Stal8ment <rf financaal
Balance sheet
Cash fl(yw statement
10
Notes to the finan(4al staternents

Ballet Lorent Limlt•d
Raferonce and Admlnlstratlve Detalls
Charlty name
Ballèt Lorènt Limited
Charlty reglstratlon number
1162921
Company r•gl•tratlon numb•r
05093450
Prlnclpal offlc?
John Madey Cgntre
Muscoli Grove
NEWCASTLE UPON TYNE
NE156
R•gl8t•r•d offic•
John Mad8y Centr8
Muscoll Grov8
NEWCASTLE UPON TYNE
NE156
Trust¢••
J P McKenn8
(Reslgned 12 Jun• 20241
IR&$lgnèd 2 F¢bru8ry 20251
P RW J8thson
P A F Johnston
ARCroft
J Archar
N S C8mpbèll
S Dunphy
Dr C El Zerbl
(Appolnled 12 February 20251
CMHarte
(Appolnled 31 March 20251
Secretary
K A Lloyd
Accountant
Dodd & Co Limlled
FIFTEEN Rosehill
Montgomery Way
Rosehill Est8te
CARLISLE
CA1 2RW
Paga 1

8allet Lorent Limitéd
Trustees. Report for the Year Endèd 31 Mar¢h 2025
Tho financial staterneTils h8V8 been prepar6d in accordance with the accounting policiès sel out In tha notès to
the ac¢ounts and comply wth the charity'5 govaming document, the Charitie5 Act 2011. 85 arnended by the
Charities A¢1 2022. and Accouniing and Reporting by Charities.. Sla18rn8nt of R8eomrn8nd8d Practice applicable
to chariiies preparing thèir accounts in accordance with the Finan￿al Reporting Standard applicable in the UK
8nd Republic of Ir818nd.
Organlsatlon structure and gov•rnlng document
The company w88 incorporated on 5 April 2004 8nd is govemed by its Memorandum and Articles of Association.
The ￿MpanY is limited by guarante8 and has no share capital. The wmpanyw8s registered a¥ a charity with the
Charity Commlsslon on 30 July 2015 and the registered charity nurnber is 1162921.
The Board of Trust888 8dministers the charity 81 quarterly meetings wth a quonjm ol at least three trustees and
may be held in person or by 5uilable 8leclroni¢ means.
Recrultment, Inductlon and Trolnlng of tw8to85
The Board ol Trustee5 15 rev18W8d on 8 three year tycl& or whgn 8 trust88 re$lgn5. Th8 Board requlr8$ 8 ￿de
range of skllls. and this will be maintained wllh the inlroduction of new Irust88s. New Irusle88 8re 8i¢her found by
8 public c811 out or are head-hunted and pul forward by the Artistic Dire¢lor, EKeculiv8 Director or the Chair.
Propo$8d n8w Iru81888 are approved by a118xlsting Iruslees following an Initial meeting wth the Chair. New
truslees are provided wllh the MeFnor8ndum and Artides of Association. m051 recent 3 year business p18n,
rninules and board papers Irom the previous 3 Tneelings 8nd the rnosl r8Cgnl manag8fll8nl accounts. Each
trus188
8sk8d
lo
read Charity Cornmission
guidance
on
acting
as
Injslee
at".
In 2024125 Joanno MeKenn8 and Paul Jackson left the board after serving rn8ximum tarrns. T￿¥) new truste88
loln8d,. Dr Calhedne El-Z8rbl and Mldam Hartè.
Major rlsk statement
The Irustaa5 regulady rèvlèw th8 major rfsks lo which th8 charlty 18 exposed. Systems and procedures are In
place lo mitigate any risks induding Insurances. risk assessments re9ulaily carned out and health and safely
policies in place. Risk rnanagemtsnl 15 Identified in the charity's busine55 plan, which is reviewed annually.
Oblectlv•a and Actlvltle
The objectives of the charlly arè to promote, malntain, Improvt and 8dv8nc8 public sducalion, p8rticu18rfy by
prtsmtsting and eneouraging the art of contemporary and cl83sic41 b811el, dance and other perfomiino 8rts.
To create hlgh qu81ily and particlpalory cont8mporary dance theatre productlons for chlldren. lamlll8s and
adults, wilh a fo¢u8 on developing new audiences in are8s ol least engagemtrnl.
To deliver educ8tion and participation proor8mmes for children, young people 8nd adults. Including tha 8kJerfy.
sIr￿Ing lo be indusive and accessib18 for all, vllh a locus on Supporting neurodiv8rslly.
To cultlvale a posillve environrn8nl for dance In the North E851 of England by rgtaining d8ric8 8XPQrti8e and sklll
by 8rnploying d8ncers with a wde age range from 20s up to 60s.
In seltlng the objecllv8s of the charity. the Iruste8s have paid due regard to the Charity Commission guidance on
public benefit.
Creatlon of Work and Tourlng Produ¢tlon$
We created a version of our 2015 show Snow Whilo for Family audiences and cr8ated a new adult v8rsion of the
show,. Snow Whll& The Sacrifice. Working with artistic collaborators.. Carol Ann Duffy, Murray Gold, Nasir
Mazhar, Libby El-Alfy and M81co1m Rippeth. We prerniered both versions 81 Northem Slag8 N8wc88118 in October
2024. We had a cast of 11 danc8rs, including one appreFilice and two train88 dancers. We did 5 p8rformanc8s, 3
of thè family version and 2 of the 8dult version. Wè had audienc88 of 1,502 over the five p8rforrnanc88.
Page 2

Ballet Lor•nt Limited
Trustees. Report for thè Year Ended 31 March 2025
The Velveteen Rabbit. our small scale show for thildren 0 - 3yTS toU￿d to Sadlers Wells in London. Theatre
Hullaballw, Darling1(￿ and Washington Arts Centre. Sunderland in April. It then went barJ( out for a Christmas
run at Gosforth Civic Theatre, vAth 8 performances and lo Z Arts. Manchester, The Studio. Edinburgh and Bishop
Aud(land Town Hall, Durham.
We perfomied a new versKn of The BeC￿1r￿. a siWr*ofic dance perfO￿￿ar￿ at John Marfey Centre in July
2024.
DSgltal
We created hvo film versions of our production5 this year. The Vthleen Rabbit was filmed in January 25 and
Snow White The Sarrfi¢e was filmed in Marth 25.
We a￿ tjdighted to c4)ntinue our partnership wlh Marquge TV. They have Cornm1￿0n8d The Vefveteen
Rabbit and Snow Whrte The sacrifi￿ for SVOD & Pay TV IKense nghts for tsvo ye8rs. They have also
r8-licen58d Rumpelstillsknn and The Lost Happy Endings Film5.
W8 continued creating cA)ntent for our digital F4alforrn balletLORENT al l*)me. sfv)wcaslng our broad range of
filmed work. We cx)ntinued to update our inter8rt￿e g¢kJcation Fthal for Leaming and Parti￿patth programmes
CREATE.
Studlo Development
We d8veloped Creative SpacB studios wih equipment and hav8 sucLessfulty fundraised for improvements to our
spac8s induding 8 S8nsory room and an IMJtd￿ s￿. Thks wil all be delive￿ frn 2025.
L•amSng and Partl¢lpation
OUT leaming and partiripation prD3rarnme gNes IT￿nIngfUl ujttural oprK)rtunities to children. young peorA8, and
older people vtho are living in rx)vety. margin81ised, or liwThJ sooole¢onornic underpriwlege. FTOM our home
in the west of Newcasde engage wlth peorde kxally ofving tM)Ih o)rnmunity dass85. and specific
projectsthroughoul the year.
Hawng 8 Studio has enabled the ¢x)rnP8ny to gr¢￿ oJr eng8gerrenl programmes and now wn five regu18r
groups a week. This indydes yoga. dasses for babies and young children with parents & ca￿rS. an older
persons dance dass. adutt ballet and our knth"rKJ group. The Mover5, Knitters and Sh8kers project continues to
be very popular. attracting over 15 regular older people (aged betsveen 60 and 85yrsl lo attend weekly sesSiL￿5
wher8 th8y knit props, help wth costumes [￿ve lor weuness.
Youth Academy Junlors and Senlors
W8 continue to recognis8 ￿nex￿Or8d ial•nt IhroLvJh ¢JJr 18am1￿ and parbcipalk)n programm8s and invite
chiklren 17-14yrsl lo join our Youth Academy where we deliver consislent and high quality training in movemenl
and creativity. 30 thildrell take part in these sessio)s. take place weekly at our studio.
We also run Creative StudK) for teenagers bets%*en ages of 13- l￿rs. This group are introduced to a rarigè of
art forn￿ and parbrypants have made films, costumes, MUSK and perf0m)an￿$ over the past year. wth regular
sharing's at the end of eath term for family and friends.
Snow White Community Casts
Our unique appr03th to perforrThanc* in¢hths invoknng ¢asts of kx*l thldren WIK) gel to perfomi alongside
balletLORENT professv)nal dancers. In 2024 worked Wlh 12 members of our Yiyjth Academy as cast
members for Snow Whrte an¢J Snow Whrte The Saoffic£ at Norlhem Slage.
During the year also began rayuitment for <x)mmunity casts in knal sc4Kols to the area wll tour to in
Spring 25.
N8urodbvergence
As a company wth IWJ experience of neUr{￿1ver$ity we are committe£l to prow¢Jing safe and indu51ve spaces
and supporting peop￿ wilh neUr￿1verSe C(x￿[bo￿9. We cA)nverted of our r<M)ms into a s8n50ry space and
have received funding to irnprove this space aThJ create an i)utdwr sensory area. We also ensure that staff stay
updated ￿ supw)rting neUr(￿j1¥8rSe behaWtyJrSv￿th wulartraining.
Page 3

Ball•t Lorent Limited
Truste¢s' Report for the Year Ended 31 Mar¢h 2025
Crea¢lve resldentiès
We are proud to deliver an extensive programme of acti￿ sdKK)Is across the region, introduang children to
dance th8atre through participation and as aUd￿r￿e members. This y8arfs programrne has built on partnerships
th sthods directy Theighbc*JrirrfJ our ScotSWC#)J base aThl 8e8n us engage vmh acmss Newcastte and
Dadington.
205 ehildren aged &9 frorn our f￿r kKAI primary stho(ds IExcd$KJr. St B8d8's, Broa(k4%M)d, Bridgewalerl
attended open rehearsals of Snow White in September. giwng feedback to help the creative team develop the
work. Children partiupated in IWJ f<Alow up creative danc£ I￿)rkShopS in ther schoDIs.
240 RewtvJn-Yr2 ChI￿Jren trorn the same sthLK)Is attended free r*rfImn￿S of Velveteen Rabbit at John
Marfey Centre in D8C8mb8r.
As part of our programme of offering cxeab.ve ￿P0￿jnI￿es in Arts Counul England priority area,
Darfington. delNered workshop$ ￿th 150 year 6 child￿￿ from three primary sca￿lS INorthwcM)d. Corpor8tion
Road, Firthmoor primanesl as part ol Darfingion Hippoxjrotne's In2 Trdnsition Proje¢l. Al the children ailended
perfom)ance of Snow White at Darfington HipFKMJrome in hAay 2025_
We wotked Oarfington College Film and Media Stu¢Jents. rnentoring and supporting five students in
dcKumentary stye film makirMJ.
Professional Development
One student frotn Northem scho￿ of Contemporary Dance cx)mrdeled a 33 Meek w)rt based FA?￿ment ¥Alh us
as part ol their MA Conternporary Danc¢ Perforrnance Pr￿ramrne.
W8 hosted five studenls aged 15-18yYs (ffi ￿1)rk ￿a¢ernents from locAI sth¢xJls and cx)Ileges. as **ll as members
our Creative Studio group, advanong their skills in arts management. techntsl. and creatiw.
Summary of main achievements during the ￿ar
. We premwed Snow White and Sn(M While The Sacrifice at Northem Stage.
. We tOU￿(j The Vefveteen Rabbtt to 7 venues.
. We pertorrned The 88coming tr 3 p8rf0rn￿n￿ at Jthn Marfey Centre, op8ning up 0￿r studio as a venue in
the West End ol Newcastle.
. 5,528 tidcets sold.
1.571 peo￿8 have tsken part in our regular dar￿ and rythement dasses 81 John M8rley Cent￿.
. 6.579 people from across New3sUe and the UK partsop8t8d in danc£ a¢tiwty wth balle¢LORENT In 24125.
. 52 chiklren and young people paitiopated in weeWy Y(wJlh Aixd8Wry Sessi￿.
. We retained highly skilled dance expewtise in th8 North East thro(tsJh regular employment for up to 16 Dancers
and Dance teachers.
Page 4

B¥ll•t Lorent Limited
Trustees. R•port for the Year Ended 31 Mar¢h 2025
Futur¢ Plan$
* We ￿11 eroatè 8 brarKI nthv shchv ol'Hansel & Gretef for mhJ48rga scale I￿ring. lo pr8mièra in October 2026.
. We wll o)ntinue to run regular OPFXYt(Inities for ￿0a￿arnan1 and 18aming in dancé for children and young
People.
. Wewll open our venue to the Ictal cxynmuntyts r￿larda$s6$. and shadng's ofwryk.
. W&wll eonibnue to offer èmKAoyThnt (￿K￿1n61[6s IC￿ d8ncw8. and dance teadws.
Fundralslng
The vision that 8haw our annual 8¢tsvib¥s r•mèlns the (¥eat*)n and lxorrrt)t￿)Tr of dance Ihe8trg for educatltsnal
and cultural purposes. Th6 charity wnFAoys a freelance fundrdiser io help support these ambit￿ns, to raise
additlonal funds to tyjr tort grant funding through 8ppIic81Kffts to indi￿dual trusts 8nd foundations. Th8
fundr8iser wcrfks dosely %Mth Dur Executwe Dirodor and Educatw & Prr¥ects Manager to res88rth suitable
funds,
and
to
Yjrk together
appty.
monltc
and
manage
our
fundralslng.
No person asSe￿a￿d with th¢ company, ￿ the charity itseN has subject to fundraI￿n9 regulabtsn. Thoro
have be8n no complèinls rec8iv8d by the chailty or the per80n acting on its b8haif for the purposès of
fundraising.
Flnanclal R•vl•w
ballelLORENT has s8gJred fvndlrg up to 31¥l Morth 2026 as a Nabonal PorttolKJ OTg8nwtion through Art8
Counc51 of England.
ballelLORENT has conth'nuèd to rÈe4lvè grants Twsts & Fcwndatkn5 8 focu8 on applica￿.on$ lor thè
Comrnunity Cast Participalion Bnd Pérforman￿,. Y¢yJth Ac8tJemy and incre88ed eThJBg8ment ¢n araas ol
soclo-economic deprivalion in Newcasue and siudio imw0￿Ments. Grants were received through the
Community Foundation. John Ellèm8n Foundats"on. G8thekl Weston. TnJsi, Hays Trav•l, GU￿ling Trust.
Thre8 Monkiès, Garrid( charilab￿ Twst, Backsiage Twst. Newcaslle City Council Youth Fund, Sir Jam8S
Reckitt. Hull & E8sI Riding Tw$t. H8drian Twst, Didymus. Grn8th8m Hospilal Trusl. Charibes Foundation,
Catherine Cook Trust, Sport England. Monisons FoundatK¥).
RovTh•'8 polley
At the end ol Ihe year the charity had reseryes of £410,551, 01 £76,356 are restricted. Free ￿selVeS
lunre5tridèd less ffixed assèts arKI dèsign8ted lundsl total £266.174. tl has been 89reed that 8 rninimum 16val of
reserves ￿qUired is £150.0￿. which is equivalenl to 3 monlh5 ¢)perating ￿Sts. If funding levels dropped
signifiantly, this amount would al￿W Ihe t*anty to opar8tè ￿lL$l lurther fundthg was obt8lne*J or 8 plan was
made lor the orderty closure ol proieets.
Small Company provlslons
This has prspared in aeec*d8ncA ￿ the smam Ixjmpanies regime undor thè CL*n￿ni&S Act 2006.
Approved by the Board on 13 November 2025 and swned on its behaff by..
K A Lloyd
se¢￿tary
Page 5

Ballet Lornnt Lirnit•d
Tru8tees' R•$ponslbllltles In relatlon to the Flnanclal Statements
The Iruslees Iwho are also directors cl Ballei Lorent Limrted for Iha wrrx)8es of ¢ornpany lawl are responsible for
prèparing the Tru5te8s' Annual Repc¥l and the finawal siatem8nts in ￿)rdance wth applicable law and the
Finanrial R8POrting Standard 102 - Tr Financial R•Fthting Standard applicablè in thè UK and Rèpublie ol
Ireland..
Company 18W rtouir88 the tw$tee6 to wepam fmarhxl statements for eath financial year which give a true an
lair *i8w of the stale of affairs ol the tharitabl8 Company and ol tho incoming rèsourcès and application of
resour¢8s, induding income arml exp8nditure. ol tho charitstde cL*npany for that p8￿d. In preparing th888
financA& statemènts, thè tnJst8es 8r8 requi￿ to..
se1￿1 surtabl¢ 8¢￿unting pc4iue6 and Ihen apF4y them consistenty..
thè methods and prinriF4es in the ChaFib¢s SORP,
rnAke Judgements 8nd estimates that 8rn rèaweble and prudent:
st818 whether applicable LIK aCC￿U￿tI￿J standards have been f￿1￿￿*￿, sublect to any matarfal departures
dlsclos8d and oxplained in the fin8nrial staloments., and
prèpare the financi￿ slaiemenls cffj th8 corKem basis unlo$8 il is inappro￿at6 to pres¢Jrne that the
tharitable c¥)mp8ny *lll conbnue In busiM$8.
The trustees are responslble lor keeping proper accounting rowds that disdose wth reasonaL40 accuracy al
any lime the finandal posilitin of thè Challtsb￿ c&7)pany and 8n8ble Ihem to ansurè th8t Iha financi81 statemènts
CLJmply wlth the Companie5 Act 2006. They are a150 r8sponsitde lor saleguarding the assets of the ¢h8ri18ble
cL)mpany and h8n¢g for taking reasonabb sltsps for the prevents.on and d81Ktson of fraud and olher IrregulaAtio5.
Page 6

Independent Examinerfs Report to the Trustees af
Ballet Lorent Llmlt
I report on the acwunts ofthe rxJmp8nyfor the year end￿1 31 March 2025. ￿1¢* are setout orb pages 8 to 20.
Respactiv• r•sponslbllttles of trustees and examlner
Th8 trusie8s (who are also the diredtys of the cL¥npanYI￿ the purposes of cornpany lawl are resp)ngble for the
preparation of th8 acLounts. The trustees th81 an audit is rKJt required for this year under section 144121
of the Charities Act 2011 lthe 2011 Act) and that an inder*ndent examinati(#) is needed.
The chari¢Ws gross income exceeded ￿50.0[￿) and l am qualffjed to utHJertake the examination by being
qualified member of the IrkSt*tute of Chartered Aco)untanls in England aThJ Wales.
Hawng satisfied myself that the tharity is not subje¢l to audit under Part 16 of Ihe C(*npanies Act 20[￿ and is
eligible for independent examina1￿. ft is my reSp¢￿sIbIlitytO'.
examine the accounts under Secti￿ 145 ofthe 2011 Act
follow the pr¢xedures L8KI ¢*)wn in the Ge￿ra1 Direc*ons gwen by the Charity Ccmmissbon under Section
145151 Ibl of the 2011 Act." and
state wh8ther partits￿￿ matters have ctwne to my attention.
Basi5 of indepÈrtdent examine¢s ￿port
examinats'on was Ggrried out in accA)rdance with Ihe General (Jire(kns 9tven by the Charity Cornmissi(￿. An
examination it)dudes a rewew of Ihe accAwnting re(ths kept by the charity and a comparison of the ar£ounts
presented wth those records. It also indudes consi¢Jeotion of any unusual items or di5dosures in the accounts.
and seeking explanation5 fro¥n you as Iwu5tee5 conceming any such matters. The procedures undertakefj do not
provide all the evid8nce that VA￿k1 be required in an audii aThJ ￿nsequentlY no opinion is given as lo whether
the accounts present a Irve aThJ fair aThJ Ihe ￿port 15 limited to those [llatte￿ set out in Ihe statement
b810w.
Ind•pond8nt examlnèrfs statement
In connection with my ex8rnin8tion. no maiter has CA)me to my attention..
111 whith giv8s me reasonable cause to bd*ve Ihal in any materi81 resped th8 r8quirement5.'
to keep acujunting rerA)rds in acu)rdan￿ with seclion 386 of the Cornpan￿ Act 20(K", and
to prepare acLounts whth arujrd *ith the aC￿Un￿"￿j recx)rds. comply with the dCCA)unting
requirements of section 396 of the Companies Aci 2(V￿ and with the rr*th(NJs and prin¢iples of
the Statement of Recommended Practice." ACC￿nting and RepO￿ng by Charities
have not b8en met., or
121 to which, in my opinion, attention 51KNJld ￿ drawn in order to enabl8 8 proper understanding of the
actounts to be reathed.
FIFTEEN Rosehill
Montgunery Way
Rosehill Estate
CARLISLE
CA1 2RW
ne Thornlinson FCA
d & Co Limited
hart8red Acr£Juntants
13 November 2025
Page 7

Ballet Lorent Limltsd
ststement of Flnanclal Actlvltles (including Income and Expendlturè A¢¢ountl for the Year
Ended 31 March 2025
Unrestrlcted Re6trl¢ted Total Fund$ Total Funds
Funds
Funds
2025
2024
Not•
Incom• and $ndowm8nt8 from..
Donations and legacies
Other Ir8ding 8ctiwtie8
Inv8$lm8nt Income
Charitsble 8cliviti88
Olhor Incomè
Tot81 income and endowments
537.327
1,298
139.730
677,057
1.298
668,549
1.745
136,504
2.418
677.552
136,504
2,418
817,282
112.248
825
783.367
139.730
Expendlturo on..
Ralslng funds
Charilable aclivltl6s
Tot81 oxp8nditur8
14.510
696.7g2
711.302
14,510
811,767
828,277
12.258
748.949
761,207
114.975
114.975
Net18xpendltureylncome bèforè tr8nsl6rs
133,7501
24.755
18,9951
22.160
Tran8tars
Tr8n8fer8 beh¥een funds
Net tTr)vem•nls in lund8
133,7501
24,755
18,9951
22.160
R•¢onclllatlon ol fundo
Total funds brought forward
Total funds c4rri8d forward
367,945
334,195
51,601
76,3
419.546
410,551
397.386
419.546
All of the Ch8rlWs 8clivilie3 derive from conllnulng operallon5 during the abovo p8ri0ds.
The notes on pages 11 to 20 fom an integral part of these financial 5t3tern8ntS.
Page 8

Ballet Lorent Limited
Company reglstration number: 05093450
Balance Sheet as at 31 Mar¢h 2025
2025
2024
Nots
Fixed ass•ts
Tangible assets
12
68,021
72,754
Current assets
Stocks and work in progress
Debtors
Cash at bank and in hand
144
162,004
215,364
377,512
13
73,766
293,737
367,503
Creditors.. Amounts falling due within
one year
14
134,9821
120,7111
Net currènt assets
342,530
348,792
N•1 ass•ts
410,551
419,546
The funds of the charhy.
Restricted funds
78,356
51,601
Unrestricted funds
Unrestricted incorn8 funds
334,195
367,945
Total charttylunds
410,551
419,546
For the financial year 8nd8d 31 March 2025, the charity was entiued to exemption from audit und8r s8clion 477 of
the Cornpanies A¢t 2006.
The membèrs have rlot r8quir8d the eharity to obtain an audit of ts accounts for Ihe year in quests.on in
accordan￿ with Section 476 of the A¢t.
The di￿¢torS ackno%￿edge their responsibilities for complying with the requirements of the Act wth respect to
accounting records and the pr8paralion of accounts.
These accounts have been prepared in accordance ￿th the provisions applicable to companies subject to the
5tnall cornp8nies r8gime.
Approved by t
oard on 13 November 2025 and signed ￿ its beh8K by..
PAFJO
Trustee
nston
The nole5 on page5 11 to 20 fom) an int￿ra1 part of these financial statements.
Page g

Ballèt Lorent Llmlt8d
Cash Flow Statement for the Year Ended 31 March 2025
2025
2024
Net cash provlded by IuBed by) operatlng activltles
Net18XP8nditur8llincom8 lor the ￿rI0￿
Dapraciation chargès
Ilncrease)Idecrea88 in stocks
Ilnrx88selldecreas8 in d8btors
Increaselldecreas81 in creditors
18,9951
11.363
11441
188.2381
14.271
171,7431
22,160
9,391
1,053
80,471
16.0811
106,994
Not cash provldad by lusad Inl Inv08tlng aetlvltlgs
Purchas8 of proparty, plant and equipmènt
16,6301
16.6301
135,7171
135,7171
178,3731
71,277
The notes on pages 11 to 20 form 8n integral part of these financlal stalernents.
Page10

Ballet Lorent Limited
Notes to the Financlal Statements for the Y•ar Ended 31 March 2025
Accountlng pollel85
Summary of sl9nlflcant aeeounting polici85 and kèy accounting •$tlmates
Th8 priN￿paI ac(x)unling policies applied in the praparalion of these finan¢ial stat8rn8nts ar8 set out b810w.
These policies have been ¢onsislenlly applied to all the yaats presented, unless othetwise slated.
Statement of compliance
The financi81 ststements have been prepared in accordance with A¢¢ounling and Reporting by Charities..
Statement of Recommended Pra¢li¢e applicable to charities preparing their accounts in a¢¢ordan¢e with the
Flnanclal Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffeGlive 1 January
20191- Ichanlies SORP IFRS 10211, the Finanual Reporting Standard applicable in the UK and Republic of
Ir818nd IFRS 1021 and th8 Companies Act 2006.
Basi5 of preparation
The charitable company rneels the definition of a public benefit entity under FRS 102. Assets and liabilities
ar8 initially recognised al historical cost or transaction value unless Otherwise stated in the r818vant
a¢¢ounting policy notes.
Going concern
The charity has consi(Jered whether the use of the going conc8rn basis for accounting 15 appropriate. To do
thi5, they have considered whether there are any rnalerial uncertainties 8S to the Charitys ability lo continue
as 8 going concern. Th8 trust88s prepare detailed cash flow projections and budgets and as a result of
these reviews, Ihe trustees are satisfied there are no rnalerial uncertainties about the charity's ability to
¢onlinue as a going cOn￿M.
Fund accounting polScy
Unrestricted inctsme funds are general funds that are available for use at the trust8es' dis(xetion in
furthefdnce of the objectives of the charity.
Restri¢ted income funds are those donated for use in a particular area or for specific purposes, the use of
which is restricted to that area or purpose.
Further details of each fund are disclosed in note 19.
Pag811

Ballet Lorant Limited
Notes to the Flnancial Statements for the Year Ended 31 Mar¢h 2025
continued
In¢ome and endowments
Donations are re¢ognised when the Charity has been notified in writing of both ihe amounl and seit18rnent
date. In the event that a donation is subject to conditions that require a level of p8rfomi8nc8 by the Charity
before the Charity 15 entitled lo the funds, the income is deferred and not recognised until either those
Conditions are fully rnet, or th8 fuifilment of those ¢ondition5 is wholly Mrithin the CA)ntrol ol the Charity and il
is probable that these conditions will be fulfilled in the rewrting period.
Legacy gifts are r8cognis8d on a case by case basis following the granl ol probate when the
administorlexecutor for the estate has communicated in writing tK)th the amount and settlement date. In the
event that Ihe gift is in the form of an ass8t other than cash or a financial as58t trdded on a recognised stock
exchange. recognition is subject to the valve of the gift being reliably measured wth a degree of ￿asOnable
accuracy and the tiue to the asset having been transferred to the Charrty.
Incorne from Gov8mment and other grants. whether 'c3pilal' grants or'revenue. grants, is recognlsed when
the charity has entitlement to the funds, any performanc8 conditions attached to the grant5 have been met,
it is probable that the income will be received and the amount Can be measured reli8bly and is not deferred.
Income from tax reclairns 8r8 inrjuded in the statement ol financial adiviti8s at the same time as the gift to
whith they relat8.
Investment income is recognised on a r6c6ivable basis.
In¢ome from charitable actsvities includ8s income r8cognised as eamed las the r8lat8d goods or s8rvices
are provided) under contract.
Expendi¢ur¢
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the
expenditure. All expenditure is accounted for on an accnjals b8sis and has been dassified under headings
that aggregate all costs related to the category.
Expenditure on raising fun¢Js 15 th8 cost of trading for funéolslng purposes.
Charitsble expenditure compri585 thos8 Costs incurred by the charity in th8 delivery of ts a¢tiwties and
services for its beneficiaries. 11 includes both costs that can be 8llocat8d direcfjy to such activities and thos8
rA)sis of 8n indirect rnatu￿ ne￿$sary10 support them.
Support costs
Support costs includè caniral furictions and hav8 been allocated to activity cost &gt8gori85 on a basis
nsistent wth the use of resources, for example, allocating property costs by fl(x)r areas. or p8r c8pIIa,
staff costs by the lime spent and other costs by their usage.
Irrecoverable VAT
Irre¢overable VAT Is charged against the rategory of resources expended for which it w85 incurred.
Taxatlon
The Charity is considered lo pass the tests set out In Paragraph 1 Sehadule 6 of th8 Finan¢8 Act 2010 and
therefore it meets the definition of a charitable company for UK ¢orporation tax purp05e5. Accordingly. the
Charity is poleniially exempt from taxalion in respect of incom8 or capital galns ￿ceiVed wilhin categories
cover8d by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992. to the extent that such Income or gains 8re applied exclusively to charitable purposes.
Flxed assèts
Individual fixed assets costing £100 or more are initialty r8cord8d at cost.
Page12

Ballat Lorent Limit•d
Notes to the Flnanclal Statements for the Year Ended 31 March 2025
. continued
Dèpr•¢latlon
Depre¢iation is provided on tangible fixed assets Scb as to wri18 off the cost or valuation, less any estimated
residual value, over their expected useful economie lif8 as follows..
FSxlures. fittSngs and equipment
15% reducing balan¢e basis
Stock
Sl(Kk is valued at the bwer of cost and net realisable valu8. after due regard for obso18te and slow moving
stocks. Net realisable value Ss ba$8d on s811ing price less anticipated costs lo completion and selling costs.
Items ¢Jonated lor ￿sale or distribution are not included in the financial statements until they are sold or
distributed.
Trade Debtors
Trade deblors are arnounls due from customers for merchandise sold or services perforrned in the ordinary
cours8 of business. Trad8 debtors a￿ recognised initially at the transaction price. Th8y 8fe subsequently
measured at amortised cost using the effective interest method, less provision for Impairment. A provision
for the Impairment of trade debtors is 8stablished when there is objective eVIden￿ that the Charity will nol
be ètAe to collect all amounts due according lo the original terms of the receivables.
cash at)d ¢a$h Equlvalenl8
C88h and c8sh equiva18nts comprise cash on hand aThJ call deposits, and 0th8r short-term highly liquld
investments that are readily ¢onvertible to a known amounl of c¥$h and are subject lo an in$ignific8nt llsk of
change in value.
Llabllltle$
Trade ueditors are obligations to pay for good5 or services th8t have been a¢quired in the ordinary course
of business from suppliers. AcLounts payable are classif￿d as current liabilities if the Charity d08s not have
unconditional right, at the eno of the reporting period. to defei settlement of the creditor for at least
twelve months after the reporting date. If there is an unconditional right to defer settlement for at least
¥elve months after the reporting date, they a￿ p￿sented a5 non-current li8bilities.
Trade creditors are recognised inibally at the transaction price and subsequenuy measured at arnortiS8d
cost using the effective Interest method.
Operatln9 leases
L8a888 in which substantially all the risks and rewards of ownership 8r8 retained by th818ssor are classified
as operating leases. Rentsls payable under operating leases are ¢harged in the Statement of Finanaal
Activities on a slraighl Ilne basis over the leas8 t8mi.
P¢n$lon$
The charity operates a defined contribution pension scherne. Contributions are charged in the statement of
financial activities as they becom8 payable in accordanc8 Wth the rules of the scheme.
Pag813

Ballat Lor8nt Llmltad
Notes to the Flnan¢lal Statemènts for the Year Ended 31 March 2025
. ￿ntInUed
Financial instruments
Financial assets and finanaal liabilities are reGognSsed when the charity becornes a p8rty to the contractual
provisions of the instruffl8nt. Finanoal liabilities arEd equity instwments 8r8 ¢lassified according to the
substance of the contractual arrangements entered into. An equity instrument is any contract that evidences
a residual interest in the assets ol the Charity after deéucting all of its liabilities.
All financial assets and liabilities are initially measur8d at transaciion pric8 lincluding Iransactlon costs),
except for those financial assets classified as at fair value through profit or loss. whi¢h are initially rnea5ured
at lair value (which is normally the Iran58etion price excluding transaction costs), unless the arr8ng8rn8nt
conslitules 8 financing transaction. If an arrangernent constitute5 a financing transaction, the financial asset
or financial li8bility is measured at the present value of th8 futur8 payrnent5 discounted a¢ a mart(&t rat6 of
interest for a similar debt instrument.
Financial ass8ts and liabilities are only offset in the statement ol financial poslllon when, And only when
there exists a legally enforceable right to set OH the recognised atnounts and the Charity intends either to
settle on a net basis, or to realise the asset and s8tt1e the liability simultaneously.
Financial assets are derecogni5ed when and only when al the contractual right5 to the tlows from the
rinancial asset expire or ar8 setued. bl the Ch8rity transfers to another party substantially all of the risks and
reward5 of ownership of the financial a5sel, or cl the Charity. despite having retained some, but not all,
significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilits"e5 are d8recognised only when th8 obl￿￿￿on sp8cif18d in th8 contra¢t is discharged,
canc£lle(J or expires.
Donations and lega¢les
Unrestricted Restricted Total Fund8 Totsl Funds
Funds
Funds
2025
2024
Grants
Trusts and foundaiions
Arts Council of England public grdnts
Other grants
104,355
104,355
537.327
35,375
677.057
117,002
545.328
6.219
668.549
537,327
35,375
139,730
537,327
01 the donations and legacies in¢ome in 2024, £546,077 relat8d to unrestrict8d funds and £122.472 r&lated
to ￿$triCted funds.
Other tradlng a¢Uvltlos
Unrestricted R¢striGt¢d Total Funds Total Funds
Funds
Funds
2025
2024
Fundraising
Gift aid incom8
1,158
140
1,298
1,158
140
1,298
1.660
85
1.745
All of the other trading actswties income in 2024 relalod lo unrestricted funds.
Pag8 14

Ballet Lorent Limited
Notes to the Financial Statemènts for the Year Ended 31 March 2025
. w?tinued
Investment income
Unrestricted Re$trl¢ted Total Funds Totsl Funds
Funds
Funds
2025
2024
Interest receivable
Charltsble a¢tlvl¢les
Unrestrfcted Restricted Total Funds Total Funds
Funds
Funds
2025
2024
Artistic programme
Digital production income
Other eamed income
Theatre tax relief receivable
43.209
8.938
16,820
67.537
136,504
43,209
8,938
16,820
67,537
136,504
45.811
1,252
16.980
48,205
112,248
All of the Ineome from eharitabla activities in 2024 related to unrestricted funds.
Other Income
Unrestrfcted Restr￿Cted Total Funds Total Funds
Fund$
Funds
2025
2024
Rental income
2.418
2,418
825
All of the other incorne in 2024 related to unrestricted fund5.
Page 15

Ballet Lorent Limltad
Not•s to the Flnancial Statfrments for the Year Ended 31 March 2025
. continued
Exp•ndltur•
Fundraising
Perfomianc
e5
Total
2025
Total
2024
Dlr8Ct costs
Opening stock
Perforrnance costs
Artist fees
Activity costs
Merchandise costs
Closing stock
Sub¢ontractor costs
Office rent
Venue hire and li￿nceS
Trdvel and accommodation
Roy81ti8s payable
1,053
131,938
46,724
103,606
96,910
440
478
11441
103.606
96,910
440
478
11441
14.510
48,100
1.268
49,767
1,205
316,140
14,510
13,404
40,476
12.928
44,494
1.867
292.884
48,100
1,268
49,767
1,205
301,630
14,510
Support cost5
Employment costs
Business r818s
Insuran
Repairs and maintenanr
Telephone
Printing. postsge and stationery
Sub5CriPtions
Sundry expenses
Mark@ting
Accounlanty and professional
Independent examinels lee
Legal and professional fees
Bank Charges
other interest payable
Oepreciation of fixture5, fith'ngs and equipment
Tralning and consultancy
437,511
1,697
4,017
15,242
2.265
2,141
5.351
6,726
11,008
5,739
450
5,671
464
437,511
1,697
4,017
15,242
2,265
2,141
5,351
6,726
11,008
5.739
450
5,671
464
373,336
1,664
3.713
2fj.724
2.610
1.949
4,897
12.937
12,156
7.457
450
13.907
485
21
9.391
1,626
468.323
11.363
492
510.137
11.363
492
510.137
14,510
811,767
826,277
761,207
Of the expenditure in 2024, £666,078 related to unr8Strfcl8d funds and £95.129 related to re5triGled funds.
Page 16

Ballet Lorent Limitad
Noto5 to tho Flnanclal Statements for the Year Ended 31 March 2025
.. conlinuod
Govornanc• costs
2025
2024
Accounlancy fees
Ind8pgnd8nt exarnSnèr's faa
Legal and professional f885
5,739
450
5,671
11,860
7.457
450
13.907
21,814
Tru8t•¢8' remungratlon and oxpon5•8
No Iruslee8 rec8lV8d any remunèration or èxpènses ¢Jurlng th8 ye8r.
10 Net l•xp•ndlturelllncoma
N$1 lèxpanditurelllncome Is stsled after ch8rglng'.
2025
2024
O$praclatlon ol tanglble flxed assels
11.363
9,391
11 Emplo￿0&, r•mun•ratlon
Th8 monthly avar8ge numberol persons (including s8nlor management) employed by the charity durin9 tha
year was as follows..
202S
No.
2024
Charitable 8clsvitie8
15
14
Th8 aggregate payroll costs ol these persons were as followg..
2025
2024
W8ges and sal8riaS
Social s8curity
Other pension costs
391,723
32,884
8,840
433,447
338,403
27.187
7.746
373,336
No employee re¢8ived emoluments ofmore than £60,000 dudn9 the year.
The key managgrn8nt personnel compris8 th8 Truste8s and the Company Secretary. Tha total employee
benefits of the kgy management P8rsonnel ofthe Charity were £51,72012024- £47,048).
Page 17

Ballet Lorent Limltad
Notes to the Flnanclal Ststsments for the Year End¢d 31 March 2025
Continuod
12 Tonglble flx•d assets
Flxtur8S,
ttlng$ and
equlpment
Cost
As 611 April 2024
Addits'on$
As at 31 March 2025
120,8￿1
6.630
127,520
0opr•¢latlon
As at 1 April 2024
Ch8roé lor thè ytsar
As 8t 31 Marth 2025
48.136
11,383
59.499
N•t book v*lu•
As 8t 31 March 202S
AS at 31 MBr¢h 2024
68,021
72.754
13 D•btor•
2025
2024
Trad• dèblcn
Olher debtors
Propoym•nts and accru•J inc(N
20,670
115,742
25,592
162,004
3,521
53.637
16.608
73,786
14 Cr•dltor8: Amoublts l•lllng du• wlthln on• s•ar
2025
2024
Trade uedrtors
Taxation and ￿81 w¥rity
Olher eroditor5
Accwals and %Jelerred inc
7,283
4,024
70
23,605
34,982
11.105
Yo
9,536
20,711
Pagt 18

Ballet Lorent Limited
Notes to the Flnanclal Statements for the Yèar Ended 31 March 2025
. continued
15 Members, Ilablllty
The Charity is a privat8 eA>mpany lirnited by guarantee and eonsequenly does not have sh8r8 capital. Each
ol the mernbers Is liable to c£)ntribut8 an amount not ex￿edIng £1 towards the assets of the tharity in the
8venl of liquidation.
16 Operatlng l&a$• commltm•nts
A5 at 31 March 2025 the charity had total future mlnimum lease payments under nOn-¢an￿lIable operating
188ses as follows..
Land and Bulldlngs
2025
2024
Within one year
36,075
36.075
17 Penslon scheme
Dèflnod contrfbutlon ￿nSIon scheme
Th8 charity op8rates a defined contribution pension scheme. The pension cost charge for th8 period
represents ctsntribulions payable by the charity to the scheme and amounted to £8,84012024- £7,746).
The￿ were no outstanding ￿ prepaid wntributions at either the beginning or end of the financial year.
18 Related partles
Controlling entty
The eharity is controlled by the trustees who are all directors of the cornpally.
19 Analysls of fund$
At 1 April
2024
Incomlng
rèsourcès
Resource$
oxp8ndod
At 31 March
2025
General Funds
Unrestricted incotne fund
387.945
677,552
1711.3021
334.195
Restricted Funds
Core restricted
S1.601
139,730
1114.9751
76.356
419,546
817,282
1826,2771
410.551
Cor8 re5tricted- Grants re￿Ived for spe￿riC projects wthin the tharity.
Page 19

Ballet Lorent Limited
Notes to the Financial Ststements for the Yèar Ended 31 March 2025
.. t7)ntinu8d
Prlor perlod
Al 1 Aprll
2023
In¢oming
r•$our
Resources
expended
Transfers
At 31 Mar¢h
2024
Gon8ral Funds
Unrestsicted income fvnd
367.598
660.895 1666.078)
367,945
Restrlcted Fund$
Core restricted
29,788
397.386
122.472
783.367
195.1291
1761.2071
15.5301
51.601
419.546
20 Net assets by fund
Unrestricted
Furbds
Restricted
Funds
Total Funds
2025
Total Funds
2024
Tangible assets
Current assets
Creditors.. Amounts falling due
within one year
Nel assets
68.021
301,156
68.021
377,512
72.754
367.503
76.356
134.9821
334,195
134.9821
410,551
120,7111
419.546
76.356
Prior p8rtod
Un￿strICted
Funds
R¢strlct¢d
Funds
Totsl Funds
2024
Total Funds
2023
Tangible a&%8ts
Current assets
Creditor5". Amounts f811iThJ due
within on8 year
Net as5els
72.754
315,902
120.7111
367.945
72,754
367.503
46.428
377.750
51.601
120.7111
419,546
126.7921
51.601
397.386
Page 20