Charity number: 1165961
## London Children's Ballet
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 July 2025
London Children's Ballet Contents Page For the year ended 31 July 2025
|Report of the Trustees|1 to 5|
|---|---|
|Independent Examiner's Report to the Trustees|6|
|Statement of Financial Activities|7|
|Statement of Financial Position|8|
|Notes to the Financial Statements|9 to 16|
|Detailed Statement of Financial Activities|17 to 18|
## London Children's Ballet Report of the Trustees For the year ended 31 July 2025
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 July 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the CIC's governing document, the Charities Act 2011 and Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charitable objects of the charity are to promote, improve and advance education, in particular the knowledge, understanding and appreciation of the arts, including dance, music and literature, through:
- 1) providing training and performance opportunities for young people in the art and craft of ballet;
- 2) providing artistic development and career opportunities to emerging creative artists and;
- 3) increasing, expanding and improving public access and exposure to the arts and to ballet in particular.
## **Statement on public benefit**
The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)' in planning the activities and strategy of LCB as well as in the exercise of their powers and responsibilities as detailed in the governing document and under charity law.
1 of 18
London Children's Ballet Report of the Trustees Continued For the year ended 31 July 2025
## **ACHIEVEMENTS AND PERFORMANCE**
## **Significant activities Annual Ballet Production**
Auditions took place in October and November 2024 and attracted 600 dancers. There were less vocational students involved again this year as the show is now regularly scheduled for the first week of July and many vocational schools have their shows scheduled for the same week.
The 2025 production was a totally new ballet commissioned by LCB, Artistic Director, Ruth Brill. The story was based on the Shirley Hughes book, Ella's Big Chance- A Jazz Age Cinderella. The Hughes family gave the rights to the book for ballet purposes to LCB for a minimal (£1,000) fee.
A new score was composed by Ian Stephens. Original choreography by Kristin McNally. New sets and costumes designed by Carrie Ann Stein.
The production was staged at Sadlers Wells, The Peacock Theatre, from July 3rd - July 6th. Despite the positive reviews across the board, the six commercial shows at The Peacock Theatre sold less well than previously. The average % of seats sold per show was a disappointing 55%. Having spoken to the programming team at Sadlers Wells, it was felt that the main reason for the downturn in sales was part of the bigger picture as far as theatre ticket sales were concerned with significant decreases being seen across the board, but particularly in family programming.
The significant decrease in revenue and increase in costs that new productions entail resulted in the significant shortfall in this production's profitability.
As ever, the Ballet for £1 charities and schools' performances were completely sold out. A total of 1,800 audience members across 2 matinee shows. This represents 25% of all possible ticket sales for the 5-day run.
All The Ballet for £1 workshops took place between May and June 2025. The team - including a pianist - visited 40 primary schools delivering 2.5-hour workshops in each one. The monitoring forms received gave a clear indication that these workshops were both effective and enjoyable.
## **LCB Touring Companies**
The 4 touring companies completed tours of The Secret Garden to care homes and SEND schools in September, February and the final 2 tours took place in May. Each tour visited a total of 10 venues. Feedback from both the dancers involved and the venues was universally positive. Support for the touring companies from The John Lyons Foundation has now ended so support for the touring programme is being sought.
## **LCB Training**
The summer school, led by Fiona Chadwick, proved popular - a total of 36 children attended. Sessions were led by industry professionals from music theatre to classical ballet.
In January 2025, Gemma Pitchley-Gale once again ran the post-Audition Masterclass. Aimed at children who don't make it through to the company, this Masterclass focuses on improving performance in an audition specific setting. Both weekends were completely sold out and raised funds of
## **LCB Development Programme**
The Development Programme led by Senri Kou (girls) and Erik Brahmania (boys) proved popular and beneficial. 18 girls and 10 boys took part in this free Saturday programme supported by Big Yellow Self Storage Company. The attendees were also invited to watch a performance of Ballet Shoes at the National Theatre. Tickets were kindly provided by the NT free of charge.
## **Cultural Anchor Tenancy Commitment**
As part of the social agreement with Wandsworth Council, LCB continues to deliver outreach programs in schools and other organisations within the borough and specifically in the area most local to the studio which is about to embark on a significant
2 of 18
London Children's Ballet Report of the Trustees Continued For the year ended 31 July 2025
process of regeneration. Specifically, the team visited 5 schools in the LBC of Wandsworth whom LCB has started to work particularly closely with since taking up cultural anchor tenancy in Wandsworth.
## **Wandsworth - London Borough of Culture 2025**
London Children's Ballet was instrumental in Wandsworth activation of it's London Borough of Culture dance program. Jenna Lee (LCB Co-Artistic Director) produced the opening event in Battersea Park and there were dancers from LCB involved in many of the performances at the opening event and at other subsequent events held throughout the year.
London Children's Ballet is a cultural anchor tenant in London Borough of Wandsworth. This tenancy comprises rent and utilities free use of the studio and office space located In Big Yellow Self Storage in Battersea for 20 years. The cultural anchor tenancy is dependent on LCB fulfilling the terms of the Social Value Agreement agreed in September 2021.
## **Event**
A successful fundraiser was held at The National Theatre in November 2024. This event, a performance followed by a dinner for 100 guests on the Buffini Chao Deck raised £100,000 to support the costs of the new production.
## **Studio Hire**
LCB continues to earn essential additional revenue from hiring the studios for dance classes, rehearsals and photoshoots. Revenue raised from studio hire in 2024/2025 totalled £23,282. LCB is gradually building the number of hires moving from LCB friends and family to other organisations.
## **Policies and Procedures**
LCB continues to treat all matters relating to safeguarding and related procedures with the utmost importance. All staff and regular freelance staff undertook a safeguarding course in March 2025 and all hold appropriate levels of first aid training.
## **Overall**
2024/2025 has been a difficult financial year for the charity because of the downturn in ticket sales for the production. LCB continues to focus on strengthening its financial position; the studio rental and the success of the annual production's ticket sales as well as the popularity of the training programs, including the summer school are key to ensuring that LCB builds healthy reserves. Rising costs of production and staff costs are an ongoing concern.
## **FINANCIAL REVIEW**
The financial statements show an overall deficit for the year of £82,023 (2024: deficit £28,331). Income for the year totalled £504,206 (2024: £444,788). Expenditure totalled £586,229 (2024: £473,119). Salary costs increased to £168,351 (2024: £152,848).
The trustees have reviewed the future planned expenditure of the Charitable Incorporated Organisation and prepared cashflow forecasts and confirmed that the charity continues to be a going concern.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The London Children's Ballet Charitable Trust was established by a charitable trust deed dated on 17 October 1994. The Charity was then established as a CIO on 9 March 2016 and is registered in England and Wales.
3 of 18
London Children's Ballet Report of the Trustees Continued For the year ended 31 July 2025
## **Pay policy for senior staff**
The trustees are responsible for the preparing of the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the incoming resources and application of resources of the CIO for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the financial statements comply with the Charities Act 2011, The Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
**Name of Charity** London Children's Ballet **Charity registration number** 1165961 **Principal address** 3 Holman Road London SW11 3RL
## **Trustees**
The trustees and officers serving during the year and since the year end were as follows:
J Gibson S Cobb A Iveson J Jenno I Lewis G McCaig J Murphy (Resigned: September 2024) **Director** V Davison **Independent examiners** Fergal Davern FCA Hardy House Northbridge House Berkhamsted Herts HP4 1EF
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London Children's Ballet
Report of the Trustees Continued
For the year ended 31 July 2025
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50118
London Children's Ballet
Independent Examiners Report to the Trustees
For the year ended 31 July 2025
I report lo the trustees on my examination of the accounts ol the charity lor the year ended 31 Juty 2025.
Rosponslbllltl•s and ba61s of report
As the charity trustees. you are resrKJfLsible for the preparalDn ol the accounts in a(rordance with the requirements of the Charities Act
2011 Ilhe 2011 Act'l.
I rèport In reswct of my examlnation ol the cttarlvs accowts carrlèd out und8r sèctlon 145 01 thè 2011 Act and In earying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl ol the Act.
Ind•p•n(*nt èxamlnér¥ $tat•m•nt
Since the Charity'5 gr05s Incotne exceedeij £250.0. your examiner tnusl b8 a rne[nr ol a body listed in seclDn 145 01 the 2011 Act.
I cf1m7 that l am qualified lo undertake the examination by virtue ol my merrbership of Inslilule of Chartered Accountsnls in Engi3nd
and Wale5, bvhich is one ol tht listed bodies.
I have cornpleled my examination. I confirm that no matters h8v& come to my attention in connection wrth the examinatn giving me
cause to believe that in any mat9rial respect..
1. accounting records wer8 not kept in respect ol the Charity as r8quired by section 130 of the 2011 Act,. or
2. the 8ca)unts ijo noi accord with those records,. or
3, the accounts dD not compty with th8 applicable requir8menls conc8rning lh8 form and content of account5 S81 OLrt in thè Charbti85
(Accounis and Reporlsl Regulations 2008 other the any requirement that the accounls give a Irue and fair view, which 18 not a matter
conshyered as part ol an independent examinatKJn.
l ttavè no concerns and hav8 come across no other matters in connection wilh the examination to whKh attention should be drawn in
thi5 repc*l in Order lo enabk* a proper und8rslanding ol the OUnts lo be reached.
Fergal Dave
Hardy Ho
Northbridge Hou5•
88rkhamsled
Herts
P4 1EF
20 March 2026
6of18
## London Children's Ballet Statement of Financial Activities For the year ended 31 July 2025
|**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
Other activities
4
Investments
5
Other income
6
**Total**
**Expenditure on:**
Raising funds
7
Charitable activities
8/9
**Total**
**Net income/expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
132,174
220,431
116,300
2,019
23,282
**494,206**
(39,719)
(536,510)
**(576,229)**
**(82,023)**
127,032
**45,009**|**Restricted**
**funds**
**£**
10,000
-
-
-
-
**10,000**
-
(10,000)
**(10,000)**
**-**
-
**-**|**2025**
**£**
142,174
220,431
116,300
2,019
23,282
**504,206**
(39,719)
(546,510)
**(586,229)**
**(82,023)**
127,032
**45,009**|**2024**
**(Note 13) £**
166,901
221,315
23,293
2,346
30,933|
|---|---|---|---|---|
|||||**444,788**|
|||||(38,796)
(434,323)|
|||||**(473,119)**|
|||||**(28,331)**
155,363|
|||||**127,032**|
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London Children's Ballet
Ststement of Financial Position
As at 31 July 2025
Flx•d •4Mts
Tangue 8ss•ts
Inveymorts
14
15
19,095
2413
19.096
24.014
Curr•rt a•••ts
Dèbtors
Cash & bank and kn hw)d
16
67,650
17.645
87.129
49,682
136.811
(33.Ta3)
Cr•d*orn' amounts Wlng du• wlthln on• y•Ar
N•t ¢wr•rt aM•ts
Tc¢al ass•ts curr•nt Uabllltl
17
($9.W2)
2513
101018
127.032
Th• funds of th• ch¥lty
127.032
127.032
T**3. Income from charitable activities**
**Unrestricted funds**
_Charitable activities_
Income from charitable activities
**4. Income earned from other activities**
**Unrestricted funds**
Fund raising events
**5. Investment income**
**Unrestricted funds**
Bank interest receivable
**6. Other income**
**Unrestricted funds**
Rental income|**Unrestricted**
**funds**
**£**
132,174
**132,174**|**Restricted**
**funds**
**£**
10,000
**10,000**|**2025**
**£**
142,174
**142,174**
**2025**
**£**
220,431
**2025**
**£**
116,300
**116,300**
**2025**
**£**
2,019
**2,019**
**2025**
**£**
23,282
**23,282**|**2024**
**£**
166,901|
|---|---|---|---|---|
|||||**166,901**|
|||||**2024**
**£**
221,315
**2024**
**£**
23,293|
|||||**23,293**|
|||||**2024**
**£**
2,346|
|||||**2,346**|
|||||**2024**
**£**
30,933|
|||||**30,933**|
11 of 18
## London Children's Ballet Notes to the Financial Statements Continued For the year ended 31 July 2025
## **7. Expenditure on other activities**
|**Unrestricted funds**
Fund raising events
**Costs of charitable activities by fund type**
Charitable activities
Support costs
**Costs of charitable activities by activity type**
**Support costs**
Charitable activities
**Analysis of support costs**
**Charitable activities**
Wages and salaries
including pension costs
Governance costs|**Unrestricted**
**funds**
**£**
503,297
33,213
**536,510**
**Activities**
**undertaken**
**directly**
**£**
513,297|**Restricted**
**funds**
**£**
10,000
-
**10,000**
**Support costs**
**£**
33,213|**2025**
**£**
39,719
**39,719**
**2025**
**£**
513,297
33,213
**546,510**
**2025**
**£**
546,510
**2025**
**£**
27,085
6,128
**33,213**|**2024**
**£**
38,796|
|---|---|---|---|---|
|||||**38,796**|
|||||**2024**
**£**
392,255
42,068|
|||||**434,323**|
|||||**2024**
**£**
434,323
**2024**
**£**
34,476
7,592|
|||||**42,068**|
## **8. Costs of charitable activities by fund type**
## **9. Costs of charitable activities by activity type**
## **10. Analysis of support costs**
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## London Children's Ballet Notes to the Financial Statements Continued
For the year ended 31 July 2025
## **11. Staff costs and emoluments**
Total staff costs for the year ended 31 July 2025 were:
|Salaries and wages
Social security costs
Pension costs
Employees|**2025**
**£**
149,095
15,758
3,498
**168,351**
**2025**
5
**5**|**2024**
**£**
137,055
12,651
3,142|
|---|---|---|
|||**152,848**|
|||**2024**
5|
|||**5**|
## **12. Trustee remuneration and related party transactions**
During the year the trustees did not receive remuneration nor did they receive reimbursed expenses. The trustees also made donations to the charity totalling £42,470 during the year. These donations are included within donations and legacies income in the Statement of Financial Activities. No conditions or restrictions were attached to these donations.
The trustees believe that these transactions are at arm’s length.
The trustees have confirmed that there were no other related party transactions to report.
## **13. Comparative for the Statement of Financial Activities**
|**Comparative for the Statement of Financial Activities**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
**Total**
**Expenditure on:**
Raising funds
Charitable activities
**Total**
**Net income/expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
126,901
221,315
23,293
2,346
30,933
**404,788**
(38,796)
(394,323)
**(433,119)**
**(28,331)**
155,363
**127,032**|**Restricted**
**funds**
**£**
40,000
-
-
-
-
**40,000**
-
(40,000)
**(40,000)**
**-**
-
**-**|**2024**
**£**
166,901
221,315
23,293
2,346
30,933|
||||**444,788**|
||||(38,796)
(434,323)|
||||**(473,119)**|
||||**(28,331)**
155,363|
||||**127,032**|
13 of 18
## London Children's Ballet Notes to the Financial Statements Continued
## For the year ended 31 July 2025
## **14. Tangible fixed assets**
|**Cost or valuation**
At 01 August 2024
At 31 July 2025
**Depreciation**
At 01 August 2024
Charge for year
At 31 July 2025
**Net book values**
At 31 July 2025
At 31 July 2024|**Plant and**
**Machinery**
**£**
38,601
**38,601**
38,521
80
**38,601**
**-**
**80**|**Fixtures and**
**Fittings**
**£**
48,380
**48,380**
24,447
4,838
**29,285**
**19,095**
**23,933**|**Total**
**£**
86,981|
|---|---|---|---|
||||**86,981**|
||||62,968
4,918|
||||**67,886**|
||||**19,095**|
||||**24,013**|
## **Investments**
## **15. Analysis of movement of commercial investments**
|Market value at 01
August 2024
Market value at 31 July
2025
The Charity has an investment in LCB Productions Ltd, it is a wholly owned subsidiary that is currently dormant.
**Debtors**
**2025**
**£**
**Amounts due within one year:**
Prepayments and accrued income
59,150
Other debtors
8,500
**67,650**|**Investments in**
**subsidiaries**
**£**
1|
|---|---|
||**1**|
||**2024**
**£**
63,293
23,836|
||**87,129**|
## **16. Debtors**
Included in accrued income is £35,427 in respect of Sadler Wells Settlement and premiere tickets. The debtor was received in August 2025.
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London Children's Ballet Notes to the Financial Statements Continued For the year ended 31 July 2025
## **17. Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
|Accruals and deferred income|**2025**
**£**
59,382
**59,382**|**2024**
**£**
33,793|
|||**33,793**|
Included in accruals is £53,982 that relates to production costs incurred in the year. The creditor was settled by the end of August 2025.
## **18. Movement in funds**
## **Purpose of unrestricted Funds**
## General
The purpose of the fund is to fulfil the objects of the Charity.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
## **Purpose of restricted funds**
## Restricted Funds
The purpose of the fund is to fulfil the objects of the Charity.
Restricted funds are given to the charity for specific purposes and are expendable by the trustees in furtherance of particular projects withing the charity objects.
## **19. Analysis of net assets between funds**
|**Unrestricted funds**
_General_
General|**Tangible**
**fixed assets**
**Investments**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
**£**
19,095
1
25,913
45,009|
|---|---|
||**19,095**
**1**
**25,913**
**45,009**|
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## London Children's Ballet Notes to the Financial Statements Continued
## For the year ended 31 July 2025
## **Previous year**
|**Previous year**||
|---|---|
|**Unrestricted funds**
_General_
General|**Tangible**
**fixed assets**
**Investments**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
**£**
24,013
1
103,018
127,032|
||**24,013**
**1**
**103,018**
**127,032**|
16 of 18
## London Children's Ballet Detailed Statement of Financial Activities For the year ended 31 July 2025
|**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
**Charitable activities**
Income from charitable activities
**Other activities**
Fund raising events
**Investments**
Bank interest receivable
**Other income**
Rental income
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Fund raising events costs
Staff costs - wages & salaries
Staff costs - social security costs
Staff costs - pension contributions|**£**
**2025**
142,174
**142,174**
220,431
**220,431**
116,300
**116,300**
2,019
**2,019**
23,282
**23,282**
**504,206**
(16,331)
(20,500)
(2,367)
(521)
**(39,719)**|**£**
**2024**
166,901|
|---|---|---|
|||**166,901**
221,315|
|||**221,315**
23,293|
|||**23,293**
2,346|
|||**2,346**
30,933|
|||**30,933**|
|||**444,788**
(15,574)
(20,500)
(2,201)
(521)|
|||**(38,796)**|
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This page does not form part of the statutory financial statements
## London Children's Ballet Detailed Statement of Financial Activities Continued For the year ended 31 July 2025
|**Charitable activities**
Cost of direct charitable activity
Staff costs - wages & salaries
Staff costs - social security costs
Staff costs - pension contributions
**SUPPORT COSTS**
**Wages and salaries including pension costs**
Staff costs - wages & salaries
Staff costs - social security costs
Staff costs - pension contributions
Depreciation - owned assets
**Governance costs**
Accountancy fees
**Total resources expended**
**Net Expenditure**|(400,366)
(98,730)
(11,638)
(2,563)
**(513,297)**
(20,000)
(1,753)
(413)
(4,919)
**(27,085)**
(6,128)
**(6,128)**
**(586,229)**
**(82,023)**|(284,547)
(96,555)
(8,945)
(2,208)|
|---|---|---|
|||**(392,255)**
(20,000)
(1,505)
(413)
(12,558)|
|||**(34,476)**
(7,592)|
|||**(7,592)**|
|||**(473,119)**|
|||**(28,331)**|
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This page does not form part of the statutory financial statements