Charity number- 1165961 London Children's Ballet Report of the Trustees and Unaudited Financial Statements For the year ended 31 July 2024
London Children's Ballet Contents Page For the year ended 31 July 2024 Report of the Trustees 1to4 Independent Examiner'5 Rert to the Trustees Statement of Finanaal Actiwties Statemènt of Financial Positson Notes to th8 Financial Statem•nts 8t015
London Children's Ballet Report of the Trustees For the year ended 31 July 2024 Th8 Trustèès have pleastjre in presenting thr report and the financial statements for ihe charity for the year ended 31 July 2024. The accounts have been prepared In accordance with the accounting policies Set out in note 1 to the accounts and eomply with the Cic's goveming document, the Chariu'es Act 2011 and Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with tl)e Finanaal Reporbng Standard applicable in the UK and the Republic tsf Ireland IFRS 102118ffective 1 January 20191. OBJECTIVES AND ACTIVITIES Obje¢ti¥es and aim5 The charitable objects of the charity are to promote, improve and advance edLJcab"on, in particular the knowledge, YTKl8rst8nding and appreciation of the atts. including dance, music and literature. through.. 11 providing training and performance opportuniti8s for young people in the art and cr8ft of ballet," 21 providing artistic developrnerTt and c8r86r opportunities to emerging creative 8rbSts and", 31 increasing, expanding and improving Publ access and exposure to the arts 8lld to ballet In particular. Statement on public b8n•fit The trustees have consid8r8d th8 Charty Commission's guidan on public benefit, Including the guidance 'public benefit.. ntsnning a cttarity IP821' in planntng the activities and strategy ol LCB as well as in the exercise of their powers and responsibilitie5 as detailed in the goveming document 8nd undèr charity law. 1 of15
London Children's Ballet Report of the Trustees Continued For the year ended 31 July 2024 ACHIEVEMENTS AND PERFORMANCE Significant activities Annual Ballet Production Auditions took place in October and November 2023 and attrdcted 600 dancers. There were less vocational students invdved this y8ar as the show moved back io a July w88k at thè Peacock Theatre. The 2024 the LCB production of The Secret Garden took place In July 2024. The production was a complet8 revival of Erico Montes, The Secret Garden. originally perftsrmed in 2013. The rehearsal team was led by Gemma Pitchley-Gale who was the original rehea81 director on the 2013 production. Jenna Lee oversaw the production as Ruth 8rill was oyt maternity 188v8. Costumes were laryely sourced from existing LCB sto¢k. Thè rèvival set and costume design w85 18d by Carrie-Anne Siein. The core pieces of the set have been made to be used in future production as they can be stored in Dorset. The commercial shows at Tha Pèacock Theatre sold well and attract8d a young family audience. Th8 Ballet for a £ charities and schools. perfomiance were completely sold out11,800 audience m8mbersl. LCB Touring Companie The 4 touring compani89 completed tours lo care homes and SEND sch(x)Is in September. February and the final 2 tours took place in May. Each lour visit8d a total of 10 venues. Feedback fron both the dancers involved and the venues was universally positive. LCB Training The 5LJmmer school, lead by Fiona Chadwick proved popular professionals trom rllusic theatre to classical ballet. a total 0¢ 36 children attended. Sessions wère led by industry In January 2024, Gemma Pitchley-Gale ran the post-Audition Masterclass. Aimed at children who dony rn8ke it through to the corrpany. this M8St8rc18ss foojses on improving perforrnan¢8 in an 8udits.on specific setting. LC8 Developrnent Programme The Development Programme lead by Sabina Cox Igidsl and Jarnes Butcher (boy51 proved popular and beneficial. 10 girf 10 boys trtok part in this tre8 Saturday programme supported by Big Yellow S8K Storage Company. Ballet for a £ The Ballet for 8 £ workshops took place between May and June 2024. Th8 t8am Including a pianist - visited 40 pnmary 5thools delivering a 2.5 hr workshop5 tn each one. The rnonitoring forms received back gav8 a clear Indication that these workshops were both effective and enjoyable. As part of the soci81 agreement with Wandsworth Council. LC8 delivered outreach prograrnmes in schools and other org8nisations within the borough and specifically in the aa rnost local to th8 sludio which Is about to embafk on a signifiGgnt process of regenerali¢x. Specifically, the learn visited 5 schools in the LBC of Wandswcirth whom LC8 has started to work particu18rly ¢105ely with since taking up cultural anchor tenancy In Wandswoth. Wandsworth Art$ Fringe LC8 worked with three schools in the Borough to create piece5 for the Wandsworth Dance Showcase which w85 p8rformed at Wandsworth Town Hall on Wednesday 13th June. The schools and children involved all enjoyed the experience and are keen to b8 involved again in 2025. LCB also Invited audiences to watch a perforrn8nc8 of the Touring Company in the LC8 slLJdiog. Ev•nt No 5Ignificant fundraising evenl was h8ld in 202312024. There is an event planned for Novernber 2024 to be held at the Nation81 Theatre- 8uffini Chao Deck. Studio Hire LC8 continues to earn useful additional revenue from hiring thé studios for dance classes. reh8ars815 and photoshoots. LCB 2of15
London Children's Ballet Report of the Trustees Continued For the year ended 31 July 2024 is gradually building tt)e number of hires moving from LC8 fiiends and larnily to other organisations. Thnas. Sthool In Battèrsea now uses the Studios three evenings a week during term b"ffl8. Overall 202312024 ha5 bèèn a successful year for th8 charity. LC8 continues to focus on strengthening its financial position,. the studio rental and the success of ihe annual production'5 ticket sales As well as a successful fundrdising evènt have helped achieve this. Rising costs ol production 8nd staff costs are an ongoing concern. FINANCIAL REVIEW The financial statements Show 8n overdll deficit for the year of £28,331 12023". surplus £8,719). Income for the year totalled £444,78812023." £487,231). Expenditure totalled £473,11912023'. £478,512). Salary costs incr88S8d by 18.74% to £152.84812023.. £128,7271. The trustees have reviewed the future planned expenditufe of the CIO. A targèt has been set to hold r8s8rvès of thiee months expenditure of CO costs as r8comm8nded by the Charity Commission which would equate to £118,280 based on 2024 expenditu to ensure continued operdbon of the organisation as a going concem. The CIO unrestn'cted funds exceed this amount. This targe will be reviewed annuallv on the performance of the CIO. STRUCTURE. GOVERNANCE AND MANAGEMENT Governin9 document The London Children's Ballet Charitable Trust was established by a charitable tnjst deed dAt8d on 17 October 1994. The Charity was then established as a Charitable Incorporat&J Organi58tion ICIOI on 9 March 2016 and is regi5t8red In England and Wales. STATEMENT OF TRUSTEES RESPONSIBILITIES The truste8s are responsible for the preparing of th8 Trustèe's Report and the fin8nci81 statem8nts in accordance with applicabl8 law and United K1ngdom Accountrng Stsnd8rd$ (United Kingdom Generally Accepted Accounting Practice). The Lgw app11cable lo charities in England and Walés requires the trustees to prep8r8 financial ststements for each financi81 year wh1ch give 8 and lair view of the state of affairs of the CIO and of the incoming resources and application of resources of the CIO for th81 year. In preparing these financial Statements. the trustees are required to.. 5818Ct suitable accounts'ng policies and then apY them consistenuy.. observe itle rnelhods and principles in the Charities SORP". ake judgements and ests'rnates Ihat are r8asonabl8 and prudent.. st8t8 whether applicable accounting standards have been followed. subject to any rnaterial departUS disclosed and explained in the financial statements. and.. prepare the financial statem8nts on th8 going concem basis unless it is inappropriate to presume that the charity wll continue in operats"on. Th8 trustees are responsible for keeping 5uffiu8nt accounting records that discbse with rea50ri8ble accuracy at any time the financial position of the CIO and enable them to ensure Ihat the financial staiements cornply with the Charities Act 2011, The Charily (Accounts And Reports) Regulations 2008 and th8 provisions of the trust deed. They are 8150 responsible for safeguarcjing the as$et$ of the CIO and h8nce for taking reasonable steps for the prevention and detection of fraud and other iegulalIes. REFERENCE AND ADMINISTRATIVE INFORMATION Name of CharSty Charity registration numbor Principal addre55 London Childn.$ Ballet 1165961 3 Holman Road London SW11 3RL 3of15
London Children's Ballet Report of the Trustees Continued For the year ended 31 July 2024 The trustees and officer5 serving during the year and slnce the year end were as fdlows: A Iveson J Gibson S Shepard Cobb l Lewis J Jenno Dlr•ctor V Davlson Ind•pend•nt •xamlners Fergal Davem FCA Hardy House Northbridge House Berkhamsted Herts HP4 1EF Bank•r% CAF Bank Online 25 lfjngs Hill Avernie West Malling Kent ME19 4TA Approved by the Board of Trustees and signed its behalf by 26 August 2025 a.Gibson.... ... . 4of15
London Children's Ballet Independent Examiners Report to the Trustees For the year ended 31 July 2024 report to the trustees on my exBminatson of the accounts ol the charity for th8 year anded 31 July 2024. Responsibilities and basls of report As the charity trustees, you a responsiblè for thè preparation of th8 accounts in accofd8nce with the quirementS of the Charities Act 2011 I'the 2011 Act'l. I report in rèspect of my examination tsf the charity's accounts carried I1 under section 145 of the 2011 Act and in carrying out my examination I have followed 811 the applicable Directions given by the Charity Commiqsion under section 14515llbl of the Act. Independent examiners 5tat•m•nt Since the Ch8rity'5 gross income exceeded £250,000, your examiner rnust be a membef of 8 body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the 8xaminats.on by virtue of my membership of Insty'tute of charte Accountonts in England and Wales, which is one of the listed bodi85. I have completed my ex8min8ts"on. I cctnfimi that no m8ttèrs have come to my 8tt8ntion in connection with the 8xamination giwng me cause to believe that in any material respect.. 1. accounting records wère not kept in respecl of the Charity as required by s8Ction 130 of the 2011 Act; or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the applicable requir8ments concerning the fom and content of accounts set out in the Charities IAccounts and R8POrtsl Regu5ations 2008 other th8n any reqUIrnent that the accounts give a Irue and fair view, which is not a matter considered as part of an independent examinats"on. I have no concerns and have come across no oth8r matters in connection with the examination to which attenb'tsn shoukl be drawn i this report in order to enable a proper understanding of the attounts to be reached. Fergal Dav Hardy se Northbridge House 8ethhamsied Hert5 HP4 1EF 26 August 2025 5of15
London Children's Ballet Statement of Financial Activities For the year ended 31 July 2024 Notes Unrestricted funds R85trfcted funds 2024 2023 Income and endowments from: Donations and legacies Charitable activities Other trading acb'vities Investments other incorne 126,901 221,315 23,293 2.346 30,933 404788 40.000 166,1 221,315 23,293 2.346 30,933 444,788 76.320 257.575 126,289 857 26.190 Total 40,000 487,231 Expenditure on.. R8isiNg funds Ch8ritable activthes 138,7961 1394,3231 1433.1191 138,7961 1434,3231 1473.1191 161.8081 1416.7041 1478,5121 819 140,0001 140,0001 Total Net in¢omelexpenditur• Reconciliation of funds Total funds brought forward Total funds carried forward {28,3311 128,3311 8.719 155.363 127.032 155.363 127,032 146,644 155,363 6of15
London Children's Ballet ststement of Financial Position As at 31 July 2024 Not•s 2024 2023 Fix•d assets Tangible assets Investments 14 24.013 36.571 15 24.014 36,sn Curr•nt ass•ts Debtors Cash at bank and in hand 16 87,129 49.682 136.811 (33.793) 12,731 121.824 134.555 (15,764) Cr•dltors: amounts falllng du• wlthln on• y•ar 17 N•t curr•nt assets Total ass•ts1•ss current Ilabilftl•s 103,018 1ZI,032 111791 155,363 Net ass•ts 127,032 154363 The funds of th• charlty Unrestricted income fvnds 127.032 127.032 155,363 155,363 Total funds The financial sLqtements WWB ap roved and authorised for issue by the Board and signed its behdf ty. J Gibs( Trustee 26 August 2025 7of15
London Children's Ballet Notes to the Financial Statements For the year ended 31 July 2024 1. Accounting Policies Basis of accounting The financial statements have been prepared under the histoncal cost convention. except for investments vthich a induded at market value and the revaluatic)n of c8rt8in fixed assets and in accordance with the Charities SORP IFRS 1021 Accounting and Rèporting by Charities.. Ststement of RecoFllrn8nded Practice applicable to charities prepanng their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Iland IFRS 1021 leff8ctiv8 1 January 20191,, Financial Reporting Standard 102 the Financial R8POrting Standard applicable in the iJK and Republic of Ireland IFRS 1021. and ihe Charities Act2011. London Childn.$ Ballet meets the d8finition of a public benefit entity under FRS 102. Assets and liabilities are initialty recognised at historical cost or transaction value unless oth?se stated in the relevant accounting policy notelsl. In the application of the CIO'S 8ccounts.ng ptsliei8s, the trustees are requi to mak& judgements, estimates and assurnptions about the carying amount of assets and liabilities that a not readily apparent from other sourc8s. The estimates and associated assumptions are b8s8d on historical experience and other factors that 8re consid8r8d to be relevant. Actual results rnay differ from these estimates. The estimates and underfying assumptions are VieWed on an ongoing basis. Revisions to the accounting estsmates are recognised in the period In which the estimate is vISed where the revision affects only that period. or in the period of the revision and futur8 Pgriods where th* rèvision affects both currenl and future periods. The financial ststements have departed from the Charities (Accounts and Reports) Regulabtsn 2008 only to the extent required to provide a tN8 and fair vi8w. This departure has involved following the Statern&nt of R8comm8nded Practice for Charities applying FRS 102 rather than the version ol the Ststement of Recommended Practice which is referred to in the Regulations. but which has since been withdrawn. The financial statements are prepa Sterfing, which ks the functs'onal currency of the CIO. Monetary amounts in these finanal statements are roundèd to the nearest £. The financial ststements have been prepad under the historical cost convention. Th8 principal accounting Oiaes adopted are set out below. Golng eoncern At the tsme of approving the fin8nci81 statements, th8 truste8s havè a reasonable expectation that ihe CIO has ad8qU8t8 rèsourcès to continue in operats'onal existence for the frxesee8ble futur8. The trustees continue lo adopt the going concem basis of accounts'ng in prepaiing the financial statements. Stat•m•nt of cash flows The Trustees have taken advantage of the exemption in SORP FRS 102 frorn including a cash flow statement in the financial St8tern8nt5 on the grounds that the charity is small. Funds Unrestricted funds a availablg for usè at thè discretion of the trustees in furtherance of th&r chanta9 obj8Ctives unlèss thè funds have been designated for ottter purp05e5. Restricted funds are given to the ¢tr)arity ftsr sp8afic purposes and a expendable by the trustees in furtheran¢e of p8rticul8r projects wilhing the charity objects. Incoming resources Income Is recognised when the CIO is legally entitled to it 8ft8r any p8rfomi8ncè conditions have been nRt. the amounts can be measured reliably. and it 1$ probable that income will be received. Cash donations are cogniSed on receipt. Other donations are recognised once the CIO h8s been notified tsf tha donation, unless perfomance conditKkns require deferral of the amount. Income tsx recoverdble in relation to donah.ons received under Gift Aid or deeds ol covenant is recogni5ed at the tirne of the donation. All other income is included on an accruals b8SIS. 8of15
London Children's Ballet Notes to the Financial Statements Continued For the year ended 31 July 2024 Resources èxpended Expenditure is rewgnised once there is a legal or constructive obligation to transfer economic benefit to 8 thirrt party, it is probable that a transfer of economic banèfils wll be required in seidem8nt, and th8 amount of the obligation can be rneasure(l liablY. Expenditure Is classified by activity. The costs of each 8Ctwity 8re made up of the total of direct ¢OSts and shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single activity are 8llocAted directly to that activity. Shared costs which contribute to MO than one activity and support costs which a not attn'butable to a sirTrgle acts.vily a apporboned b8iwe8n those activities on a basis consister¥t Mth th8 use of $Our$. Central 5tsff costs are allocated on ihe basis of 'rne spent, and depCIatiOn charges are allocated on the portion of the asset's use. Liabilities are recogni88d as èxp&ThjitU as Soon as the is a regal tsr constructive obligation comrnitting the CIO to that expendilure, it 15 probable that settlement will be required. and th8 amount of the obligation can be m88sur8d reliably. The cosl of raising funds a psented by expenses attributsbl8 to fijndraising events and those costs associated wth the receipt of the donation inconte. Charitable exp8nditur8 rèlates to the costs of Ihe pursuit of th8 charitable activities of the CIO and Induded ctssts of the main performance, tour and cLgsses. Also induded are grants p8y8ble Bs repsented by schoLgr5hips 8w8rd8d to selected Indivua1s. so included in charitable expenditu are support costs &% represente(J by a proportion of the office ovet1)eads and salaries as well as govemance costs. Gov8manc8 costs are presented by costs assoriated wth meeting the statutory obligations uf the CIO. Taxation AS a CIO the organisation is exempt frorn taxation on its actsvit*s which fall within the scopg of part 10 ITA 2007 and secb'on 256 of the Tax8bon of Chargeable Gains Acl 1992. Therefore, the Charity is likely to be exernpt from taxation on its charitable activities if all its in¢(mè is applied to its charitable obj8Cts and or purpose. Tangrble fixed as$•ts The gain or loss arising on the disposal of an asset is detsmined as the diffefyn¢e b8tween the sale proceeds and the carying value of the asset 3nd is r8cognised in the statement of finanoal services. Expenditure incurred on ftware licenses and databases is wriiten off in the year of purchases. Tangible fixed assets, oth8r than freehohl land, a stated at cost or valuation, 185$ depreciation and any provision for imp8irm8nt. Depreciation is provided at rates calculated to write off the cost or valu8ti0n of fixed assets, less their estimated residual value, ovèr their expected useful 5ives on the following basis. Plant and Machinery FiKLur85 and Fith"ngs 20 SiTaight line 10 Straight line Finance leas85 The fin8nc8 8lem8nt ol the rental paymenl is charged to the Statement of Financial Activities on a straight-line basis. Operatlny leases Costs of operdbng188ses ar8 charged to the Staternent of Finanoal Actbvi1%8s tsn a siraight-line basis over the lease t8rm. Consolidation Th8 CIO has a subsidiary company No consolidation has been carried out on the basis thal it IS 8 small group and, in the opinion of the trustees. no advantage would accrue from any such course of acthon. Flxed Asset Investments Fixed assets investments are initially rneasured at transaetion pnce excluding transaction costs. and are subsequently measured at fair value at each reporting date. Ch8nges in fair value are COgnised in net incomellexpendilur81 for ihe year. Transaction costs are expensed as incurred. 9ofl5
London Children's Ballet Notes to the Financial Statements Continued For the year ended 31 July 2024 Employee Beneffts The cost of any unus8d holiday enbuement is recognisgd in th8 pèriod in vthich the employee's s8rvices are Ceived. Termination benefits are tOgniSed immediately as an expen$8 whèn thè CIO is demonstrdbly committed to tèminate the employment of an employee or to provide lemination benefits. 2. Incom• from donatson$ and legael•s Urtr•strlet•d funds Restricted fvnds 2024 2023 Donations r1ved 126,1 40.000 166,901 76.320 126,901 40.000 166,901 76.320 3. Income from charitable activitles 2024 2023 Unrestricted funds Income from charitable acb"viti8s 221,315 257,575 4. Incom• eamed from other activities 2024 2023 UnStrICted lunds Fund raising events 23.293 126,289 23.293 126.289 S. Investment incorne 2024 2023 Unrestricted funds Bank int8r8St reCVable 2,346 857 2.346 857 100115
London Children's Ballet Notes to the Financial Statements Continued For the year ended 31 July 2024 6. Other in¢orne 2024 2023 Unrestricted funds Rentsl income 30,933 26,190 30,933 26.190 - Expendltur• on other trading actr¥iti•s 2024 2023 ilnlestricted funds Fund raising events 38.796 61,808 38,796 61,808 8. Costs of charitabl• activities by fund type Unre¥tricted funds Restricted funds 2024 2023 Chartsble a¢ts"vty costs Support costs 352.255 42.068 40.000 392.255 42.068 375,404 41,300 394.323 40.000 434,323 416.704 9. Costs of charitable activrtios by activity type Activities Support costs undertaken directly 2024 2023 Charrtable activib'es 392,255 42.068 434,323 416,704 10. Analysis of supp¢)rt costs 2024 2023 Wages and salaries including pension costs Governance costs 34,476 34.480 7,592 6.820 42.068 41,300 11 tsf 15
London Children's Ballet Notes to the Financial Statements Continued For the year ended 31 July 2024 11. Staff costs and emoluments Total staff c03ts for the year ended 31 July 2024 were.. 2024 2023 Salaries and wages Social secunty £os15 Pension costs 137,055 12.651 115,078 10,967 3.142 2,682 152,848 128,727 2024 2023 Employees Ther8 wer8 no 8rHployees whose annual remunerabon was more than £60,000. 12. Trustee rernunvratlon and related party transactions None of the trustees received rerTtuneration dunng the year. There were no related p8ty transactions in the year with trustees or management. 12of15
London Children's Ballet Notes to the Financial Statements Continued For the year ended 31 July 2024 13. Comparative for the Ststement of Financial Activities UnrestrSct•d funds Rèstrlcted funds 2023 Ineomè and •ndowments from.. Donation5 alld legacies Charitable activitie5 Other trading activities Investments 76,320 247,575 126,289 857 76,320 257,575 126,289 857 26,190 487,131 10.000 Other income 26.190 477,231 Total 10.000 Expenditure on.. Raising funds Charitable acb"vities 161.8081 1406,7041 1468,5121 161,8081 1416,7041 1478,5121 110,0001 110.0001 To¢al Net incomelexpendriure Reconciliation of fund5 Total funds brought fon*ard Total funds earned for4¥ard ,719 8,719 146.644 155,363 146,644 155,363 14. Tangible fixed assets Plart and Machlnory Fixtures and Fittyngs Cost or valuation Total At 01 August 2023 At 31 July 2024 38.601 38,601 48,380 48.380 86,981 86,981 Oepreciation At 01 August 2023 Charge for year Al 31 July 2024 Net book values 30.801 19.609 50,410 7.720 38.521 4.838 24,447 12,558 62.968 Al31 July 2024 80 23,933 24.013 At 31 July 2023 7,800 28.771 36.571 13of15
London Children's Ballet Notes to the Financial Statements Continued For the year ended 31 July 2024 In¥e5tments 15. Analysis of movement of commercial investrnents Inveslrnents in subsidiaries Market value at 01 August 2023 Market value 8t 31 July 2024 The investment corFTrprises the only shar8 IOrdin8ry1 issued in the domiant company LCB Productions Ltd (Co. No. 051079941 incorporated in England and Wales. 16. Debtors 2024 2023 Amounts due wTrthin on• y•ar: Prepaym8nts and accru8d incx)me Other d8blors 63,293 926 23,836 11,805 87,129 12.731 17. Creditors.. amounts falling due within one year 2024 2023 Accruals and deferred income 33,793 15,764 33,793 15.764 18. Movement In funds Purpose of unr•strlct•d Funds General The purpose of the fund is to fulfil the objects of the ChaTIty. Unrestricted funds are available for use at the discr8tion Of thè trust8&s in furtherancè ol their charitable obj'ectives unless the funds have been designated for other purposes. The ullregtrieted funds of the chanty comprise the unexpended balances of donations and grants which 8f8 not subject to specific conditions by dontsrs and grantors as to how they rnay be used. These indude designated funds wh¢ch have been set aside out of unrestricted funds by the trustees for specific purposes. 14of15
London Children's Ballet Notes to the Financial Statements Continued For the year ended 31 July 2024 Purpose of restricted funds R8sthcted Funds The purpose of the fund is to fulfil thè obj8cts of the Charity. Restrict8d funds 8rè given to the chanty for specific purpose5 and are expendabl8 by th8 trustees in furthèrance of particular projects within the charity's objects. 15 of 15