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2022-03-31-accounts

Changing Dancers Lives

Dancers’ Career Development

Registered charity Company Limited by Guarantee

Annual Report and Financial Statements

Year Ended 31 March 2022

Charity number: 1168958 Company number: 10137622

“I will forever be grateful to DCD for not only the financial support, but also for their encouragement and guidance during one of the most daunting periods of my adult life”

Musical Theatre Dancer and DCD Retraining Bursary Recipient

Dancers’ Career Development Annual Report and Financial Statements For the Year Ended 31 March 2022

Contents Page
Reference and Administrative Information 1
Message from the Chair 4
Report of the Director/Trustees 5
Independent Examiner’s Report 15
Statement of Financial Activities 16
Balance Sheet 17
Statement of Cash Flows 18
Notes Forming Part of the Financial Statements 19

Dancers’ Career Development Annual Report and Financial Statements For the Year Ended 31 March 2022

Reference and Administrative Information

Governing document: Charity number: 1168958 Company number: 10137622

Memorandum and Articles of Association

Key management personnel – Trustees

The trustees who are also directors under company law who served during the year and up to the date of this report were as follows:

Zoë van Zwanenberg – Chair Robert Alexander Viviana Durante (Appointed September 2021) Fred Emden Joce Giles (Appointed September 2021) Charles Glanville – Vice Chair Hilary Hadley Ida Levine Ingrid Mackinnon (Appointed September 2021) Jean-Marc Puissant (Appointed September 2021) Sue Sloan Dr Sara Wookey (Appointed September 2021)

Key management personnel – Executive
Director Jennifer Curry
Registered office and operational address: Plouviez House
19-20 Hatton Place
London EC1N 8RU
Independent Examiner: Simon Erskine
61 Mortimer Road
London NW10 6QR
Financial advisers: CCLA
Senator House
85 Queen Victoria Street
London EC4V 4ET
Bankers: Unity Trust Bank
PO BOX 7193
Planetary Road
Willenhall WV1 9DG
Solicitors: Russell Cooke LLP
2 Putney Hill
London SW15 6AB

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Dancers’ Career Development Annual Report and Financial Statements For the Year Ended 31 March 2022

Message from the Chair

DCD is the charity that’s here for all dancers when they need us most – from every dance genre, every background, across the UK and at every career stage.

This year has been one of continued development for DCD. As dancers continue to navigate the postpandemic landscape, DCD has continued to respond fearlessly and diligently, keeping dancers at the heart of our work. Alongside our important work with six national dance companies supporting their current and former dancers, DCD supports all freelance and independent dancers in the UK. We also this year piloted a new programme for Hip Hop Artists, SHIFT, in partnership with ZooNation: The Kate Prince Company.

Equality, Diversity and Inclusion continues to be at the forefront of everything we do. We were pleased this year to recruit 5 outstanding individual freelance artists to be part of our first EDI working group , alongside staff members and Rob Alexander, EDI Board Champion.

This year there has been particular development in our work with young dancers. We were delighted to deliver our partnership with English National Ballet School Trainee Programme for the second year and to launch a brand new Mentoring programme with final year students at The Royal Ballet School. Students are matched with DCD alumni who are excelling in a diverse number of career pathways. We have also continued our long standing partnership with BBC Young Dancer.

We were also pleased this year to cement our long standing relationship with Dance Professionals Fund . This partnership ensures that all dancers who do not qualify for support from our Partner Company Fund are able to apply for retraining support from both charities, increasing the amount of money available to freelance and independent dancers.

As DCD journeys towards its landmark 50[th] Anniversary in 2023, we will continue to be a listening organisation, designing and delivering dynamic and responsive programmes of support for all dancers in the UK.

Our programme of work is overseen by a dedicated Board of Trustees, who I would like to thank personally for all of their support. We are also grateful to members of our Grants Committee who continue to give their time and effort to assess the hundreds of applications for financial support we have received from dancers.

We have sadly said goodbye to our long standing Management Accountants, Clarity, this year. Chris Bush and his team have worked with DCD for a number of years and we thank them for their dedicated service. We also say goodbye to Ikram Hirse who leaves to pursue further education. We wish her well. We are pleased to welcome Chloe Jones to the newly created role of Programmes Administrator and Debbie Cowley as Administrative and Data Manager.

We are grateful to all the Trusts and Foundations, Organisations and Individuals who continue to support DCD, in particular our group of dedicated DCD Patrons. With particular thanks to Sue and Graeme Sloan, Ida Levine, Jamie McAlpine, Judith Batchelor and Charles Glanville for their kind support this year.

This marks my last message as Chair of the Board of Trustees, as I step down from the role in December 2022. I am delighted that after a public recruitment campaign, Nancy Glynn has been appointed as my successor. I wish Nancy and all at DCD the very best as it continues its important work.

Zoë van Zwanenberg Chair 31 August 2022

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Dancers’ Career Development Annual Report and Financial Statements For the Year Ended 31 March 2022

Report of the Director/Trustees

The Director/Trustees of Dancers’ Career Development are pleased to present their annual report together with the financial statements of the charitable company for the year ended 31 March 2022 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

This report sets out our clear vision for the charitable company and contains detailed future plans for 2022/23 in core areas, including Equality, Diversity and Inclusion; Dancer Support Programmes; Income Generation; Advocacy and Strategic Partnerships.

The reference and administrative information set out on page 1 forms part of this report.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Our purposes and activities

The charitable objectives of Dancers’ Career Development (DCD) are:

  1. The advancement in life of dance students which is achieved through, in particular but not exclusively, the provision of support, advice and assistance;

  2. The relief of unemployment of professional dancers in such ways as the Trustees think fit including by the provision directly or indirectly of advice, coaching, vocational training and re-training;

  3. To carry out such other legally charitable purposes for the benefit of such persons as aforesaid as the Trustees shall from time to time determine.

The principal activities of DCD are supporting all professional dancers in the UK to navigate a successful transition when they are no longer able to perform professionally. DCD offers guidance to all professional dancers in the UK from across the dance industry. The charitable company offers a range of support through its bold programme of Transition Support Programmes, which includes:

We refer to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, we consider how planned activities will contribute to the aims and objectives that we have set. The Director/Trustees are satisfied that Dancers’ Career Development meets the Charity Commission’s guidelines with regard to delivering public benefit.

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Dancers’ Career Development Annual Report and Financial Statements For the Year Ended 31 March 2022

Achievements and Impact

1. Equality, Diversity and Inclusion

In 2021/22 we have continued our EDI journey. We were pleased to welcome 5 independent artists from diverse dance genres to join our first EDI working group. Through the year the group, which also includes the DCD Executive Director and two members of staff as well as the EDI Board Champion, have discussed a wide range of topics as well as producing a comprehensive SWOT analysis. The work and discussions will feed into the DCD EDI Action Plan 2023-2026. The chairmanship of the group is rotated and the Chair is invited to report directly to the Board of Trustees following each meeting.

A multitude of actions have been implemented as a direct result of feedback from the EDI working group, particularly improving accessibility of external communications including across social media platforms, as well as direct improvements to DCD in person events. We very much look forward to continuing our work with the working group in 2022/23.

2. Dancer Support Programmes

The Programmes team have worked tirelessly to deliver responsive and dynamic programmes of the highest quality. Delivery in 2021/22 includes:

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Dancers’ Career Development Annual Report and Financial Statements For the Year Ended 31 March 2022

Plans for the forthcoming year include:

Image: Maiya Leeke. Contemporary Dancer. EDI working group member.

3. Advocacy

2021/22 highlights include:

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Dancers’ Career Development Annual Report and Financial Statements For the Year Ended 31 March 2022

In 2022/23 our focus will be:

4. Building strategic partnerships

We continue to collaborate with partners in order to broaden our reach, enhance our creativity and ultimately to enable us to better support professional dancers across the UK.

DCD is an essential part of the UK Dance ecology and we have continued our work with a diverse and vibrant group of organisations across the UK and globally.

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Dancers’ Career Development Annual Report and Financial Statements For the Year Ended 31 March 2022

O’Kane, Isaac Our-Gnao and Vanessa Marina who will gain financial assistance, mentoring and coaching towards exploring options to support their career beyond the stage.

Plans for the forthcoming year include:

5. Income Generation

DCD will continue to focus on income generation and warmly welcomed Abigail Walton to the role of Director of Development in October 2021.

Key highlights include:

Focus in 2022/23 will be:

Financial Review

Total income for the year was £437,827 (2020/21 £617,418) of which £377,127 was unrestricted (2020/21 £478,288) and £60,700 was restricted income (2020/21 £139,130).

Total expenditure for the year was £599,636 (2020/21 £611,249) of which £506,743 was unrestricted (2020/21 £489,718) and £92,893 was restricted expenditure (2020/21 £121,531).

Total funds carried forward at 31 March 2022 was £857,803 (2020/21 £927,053), which was made up of unrestricted reserves of £734,659 (2020/21 £778,961) and restricted funds of £123,144 (2020/21 £148,094).

Income from partner dance companies amounted to £241,115. Other notable income streams included continued funding from Acting for Others of £50,000, support from The Royal Opera House Benevolent Fund equating to £49,700.

The market value of the investments amounted to £888,469 as at 31 March 2022 (2020/21 £795,910) and net investment gains were £92,559 (31 March 2021 £155,710).

Total expenditure on charitable activities during the year amounted to £506,101. This was expended on the charity’s dancer support programmes and was made up of £303,036 expended on Retraining Grant

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Dancers’ Career Development Annual Report and Financial Statements For the Year Ended 31 March 2022

Making and £185,589 expended on Coaching, EVOLVE workshops and guidance, and £17,476 on Other support programmes. Retraining grants payable amounted to £205,204.

Staff costs for the year were £212,823.

The movement in funds on the unrestricted independent dancers funds, the dance companies fund and the restricted independent dancers funds may be seen in note 15 to the financial statements.

Investment powers, policy and performance

Investment performance during the year was as follows:

Net gains on investments: £92,559

The Market value at 31 March 2022 was £888,469.

The Investment Objectives as outlined in the investment policy are:

Reserves policy

DCD’s reserves are in the form of listed investments and bank deposits, the fluctuating income from which, when added to the contributions DCD receives from the companies and other sources of income, enables DCD to deliver the programmes it provides for dancers and to make discretionary awards to applicants.

Throughout their career, professional dancers accrue the number of performance years as required by DCD’s eligibility criteria and therefore the option to apply to DCD for financial assistance. The number of dancers who could apply for DCD financial assistance on an annual basis is very difficult to quantify as the dancers are not obliged to apply for the assistance immediately upon becoming eligible to do so, and their decision to embark on a new career is generally influenced by a number of unpredictable factors. As a result, it is necessary for DCD to hold an appropriate amount of reserves, so as to help ensure that the charity can maintain its programme of support to all eligible professional dancers.

It has been necessary for DCD to partially fund awards made to Company dancers from its reserves, and DCD has cut the maximum award levels and tightened eligibility requirements. This is as a result of the Company contributions to DCD being reduced from 5% of Dancers’ salaries to 2.5% in 2012.

The DCD policy on free reserves is to hold no less than 3 months total expenditure (£150,000 on current levels of expenditure) but optimally 6 months (£300,000 on current levels of expenditure). Free reserve levels stood at £279,119 at 31 March 2022.

The reserves as at 31 March 2022 were as follows:

Unrestricted funds (including designated funds) £734,659–includes free reserve of £279,119
Restricted funds £123,144
Total funds £857,803

Grant making policy

Key areas include:

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Dancers’ Career Development Annual Report and Financial Statements For the Year Ended 31 March 2022

In 2020/21 DCD reviewed and refreshed key documentation for dancers including guidelines for making an application to DCD and guidelines for Grants Committee members when assessing applications. No major changes to Grant Giving policy were implemented, other than the continuation of a cap of £1,000 to Independent dancers who are not in receipt of a Bursary.

Vision for the Future of Dancers’ Career Development

The vision for DCD in 2022/23 is:

Structure, governance and management

Organisational structure

The Director/Trustees are responsible for administering the charity and meet on average 4 times per year to agree strategic and policy matters and to review the operational performance of the charity. There are also three sub-groups: the Grants Committee, Audit and Risk Committee and Equality, Diversity and Inclusion Working Group.

The day to day management of the charity, strategically and operationally, is the responsibility of the Executive Director, Jennifer Curry. The Executive Director manages all members of staff other than the Programmes Administrator who is managed by the Programmes Manager: Inclusion and Impact Lead.

The Board of Trustees:

The Board is made up of 12 Director/Trustees. The Board met six times during the year.

Director induction and training:

Each Director/Trustee receives an appropriate induction and training following the appointment, led by the Chair and Executive Director. The Director/Trustee is given all relevant induction material such as the

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Dancers’ Career Development Annual Report and Financial Statements For the Year Ended 31 March 2022

charity’s governing document, accounts and minutes from meetings. This also includes key guidance produced by regulators and other organisations. The induction also ensures that the new Director/Trustee meets with key charity personnel.

Grants Committee:

The Grants Committee was chaired by Sue Sloan and met three times during the year, reporting to each subsequent Board meeting on its business. The remit of the Committee is to consider and award all applications for Financial Retraining Grants, with the authority to make Financial Retraining Grants within a budget set by the Board. New Terms of Reference for the Committee were agreed by the Board in May 2021.

Audit and Risk Committee:

The Audit and Risk Committee is chaired by Fred Emden and met four times during the year, reporting to each subsequent Board meeting on its business. The objectives of the Committee are as follows: to provide the Board of Trustees with an assessment of DCD’s external audit and statutory annual accounts, with the objective of providing assurance of the quality and reliability of the published statements; and to review/oversee the establishment and maintenance of effective systems of governance, risk management, internal controls, and an appropriately robust financial and legal framework, across the whole of DCD’s activities, that support the achievement of the organisation’s objectives and strategic goals.

Equality, Diversity and Inclusion Working Group:

The Working Group met three times in the year, reporting to each subsequent Board meeting on its business. The objectives of the Working Group are: to co-create the DCD EDI Action Plan 2022-23; to contribute ideas, solutions, highlight successes and identify road-blocks/challenges around specific and identified EDI issues and how these feed into DCD’s programming, business planning and vision; to undertake horizon-scanning that may impact DCD’s delivery in Equality, Diversity and Inclusion and to offer DCD the opportunity to listen, seek views and respond to a wide variety of lived experiences and knowledge from the community we serve. The Working Group has a rotating Chair.

Related parties

All related party connections and transactions between Director/Trustees or senior management and the charity must be disclosed to the Board in the same way as any other contractual relationship with a related party. Details of Director/Trustees’ expenses and related party transactions are disclosed in note 7 and 9 to the financial statements. Aggregate unrestricted donations from related parties were £14,251 for the year ended 31 March 2022. There were no other related party transactions to disclose for 2022.

Pay policy for senior staff

The Director/Trustees and the Executive Director comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. All Director/Trustees give of their time freely and no Director/Trustee received remuneration in the year.

Staff pay differentials are related to skill levels required, workload, responsibilities, qualifications and external labour market forces. Pay reviews are undertaken regularly and take account of the following factors:

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Dancers’ Career Development Annual Report and Financial Statements For the Year Ended 31 March 2022

Image: Ingrid Mackinnon. Movement Director, Choreographer, Educator, DCD Trustee.

Photo credit: Gabriel Mokake.

Risk management

As part of their ongoing monitoring of the charity’s activities, the Director/Trustees regularly review any risks to which they think the charity may be subject. The Director/Trustees have a risk management strategy which comprises:

The risk register is considered at each Audit and Risk Committee meeting and key outcomes presented to the Board of Directors.

Major risks identified include:

COVID-19 specific: The Director/Trustees have worked with the Executive to continue to identify key risks as a direct result of the pandemic. These include reduced funding from partner companies, reduced funding from current sources such as Trusts and Foundations and individuals and reduced capacity to raise funds through events and significantly poor investment loss due to market volatility. Actions that have been taken to mitigate against these risks include:

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Dancers’ Career Development Annual Report and Financial Statements For the Year Ended 31 March 2022

Risk: Partner Companies reduce funding. Action taken to mitigate the risk: DCD have continued to foster close working relationships with all Partner Companies. The Executive Director meets with Senior Management regularly and continues to demonstrate the value that DCD’s work brings to both the dancers and the companies. We continue to build our offer for dancers working with our Partner Companies and seek ways in which we can continue to work together for the benefit of the dancers.

Risk: Poor investment income yield or capital loss due to market volatility.

Action taken to mitigate the risk: DCD sought independent and expert support to undertake a robust review process and as a result recruited new Investment Managers, CCLA in October 2016. DCD has an execution only agreement with CCLA, meaning DCD have discretion over the overall investment and CCLA have discretion of the management of the fund. DCD receives regular updates and reporting from CCLA. Given global market volatility, DCD has reviewed and feels the investments remain in a suitable vehicle.

Risk: Loss of key staff due to progression or absence without a suitable succession plan. Action taken to mitigate the risk: A full staff structure review was undertaken in 2021/22. The Board reviewed all current roles within the organisation, including a focus on capacity within the staff team as a result of the drastic increase in demand from dancers. This resulted in job title changes for all three members of the programmes team as well at the creation of a new role, Programmes Administrator. The role of Operations Manager was also reviewed and amended to Administrative and Data Manager. A full pay review for all staff members was also completed by the Director/Trustees.

The Director/Trustees confirm that all other major risks to which the charity is exposed have been reviewed and that systems or procedures have been established to mitigate those risks, as far is as reasonably possible.

Independent Examiner

Simon Erskine FCA FCIE DChA was re-appointed as independent examiner of the charitable company during the year and has expressed his willingness to continue in that capacity.

By order of the Director/Trustees of the charitable company

Zoë van Zwanenberg Chair 31 August 2022

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INDEPENDENT EXAMINER'S REPORT TO THE DIRECTOR/TRUSTEES OF DANCERS' CAREER DEVELOPMENT

I report to the charity trustees (Committee members) on my examination of the accounts of Dancers' 1 Career Development for the year ended 31 March 2022 which are set out on pages 16 to 34.

This report is made solely to the Director/Trustees, as a body, in accordance with regulations made under section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the Director/Trustees matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Director/Trustees for my independent examination work, for this report, or for the statement I have given below.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

Simon Erskine FCA FCIE DChA

61 Mortimer Road London NW10 5QR

31 August 2022

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DANCERS' CAREER DEVELOPMENT

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2022

Unrestricted
Funds
Notes
2022
£
INCOME FROM:
Donations and voluntary grants
2
20,122
Charitable activities - transition support programmes:
Retraining grant-making
3
336,115
Coaching, EVOLVE workshops
and guidance
3
20,890
Other support programmes
3
-
TOTAL
377,127
EXPENDITURE ON:
4
67,334
Charitable activities - transition support programmes:
Retraining grant-making
4
292,301
Coaching, EVOLVE workshops
and guidance
4
129,632
Other support programmes
4
17,476
TOTAL
506,743
(129,616)
Net gains/(losses) on investments
85,316
(44,300)
RECONCILIATION OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD
778,959
TOTAL FUNDS CARRIED FORWARD
734,659
£
Net income/(expenditure)
Net income/(expenditure) before
investment gains/losses
Raising funds		 Restricted
Funds
2022
£
-
11,000
49,700
-
60,700
26,201
10,735
55,957
-
92,893
(32,193)
7,243
(24,950)
148,094
123,144
**£ **		 Total
Funds
2022
£
20,122
347,115
70,590
-		 Total
Funds
2021
£
42,232
447,851
76,335
51,000
437,827 617,418
93,535
303,036
185,589
17,476		 50,834
319,212
235,038
6,165
599,636 611,249
(161,809)
92,559		 6,169
155,710
(69,250)
927,053		 161,879
765,174
857,803
**£ **		 927,053
_£ _

NOTES

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year.

Comparative figures are given in Note 19.

The annexed notes form part of these financial statements

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DANCERS' CAREER DEVELOPMENT (company limited by guarantee no. 10137622)

BALANCE SHEET As at 31 March 2022

Notes 2022 2021
£ £ £ £
FIXED ASSETS
Tangible assets 10 816 550
Investments 11 888,469 795,910
889,285 796,460
CURRENT ASSETS
Debtors 12 26,565 26,141
Cash at bank and in hand 426,088 526,629
452,653 552,770
CREDITORS: amounts falling due
within one year 13 (484,135) (422,177)
NET CURRENT (LIABILITIES)/ASSETS (31,482) 130,593
NET ASSETS **£ ** 857,803 _£ _ 927,053
FUNDS
Restricted funds 14 123,144 148,094
Unrestricted funds:
Designated funds 14 455,540 460,477
General fund 14 279,119 318,482
734,659 778,959
**£ ** 857,803 _£ _ 927,053

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

For the year ending 31 March 2022 the Charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

(i) The members have not required the Charity to obtain an audit of its accounts for the year in question in accordance with section 476;

(ii) The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements were approved, and authorised for issue, by the Director/Trustees on 31 August 2022 and signed on their behalf by:-

ZOË VAN ZWANENBERG, Chair

CHARLES GLANVILLE, Vice Chair

The annexed notes form part of these financial statements

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DANCERS' CAREER DEVELOPMENT

CASH FLOW STATEMENT for the year ended 31 March 2022

2022
Note
£
Net cash flow from operating activities:
Net cash (used in)/provided by operating activities
17
(99,631)
Interest paid
-
Net cash (used in)/provided by operating activities (see below)
(99,631)
Cash flows from investing activities:
Purchase of tangible fixed assets
(910)
Net cash provided by investing activities
(910)
Change in cash and cash equivalents in the reporting year
(100,541)
Cash and cash equivalents at 1 April
526,629
Cash and cash equivalents at 31 March
426,088
£
Cash and cash equivalents consists of:
Cash at bank and in hand
426,088
Cash held for reinvestment
-
Total cash and cash equivalents
426,088
**£ **		 2021
£
77,146
-
77,146
-
-
77,146
449,483
526,629
_£ _
526,629
-
526,629
_£ _

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DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

Going concern

The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Critical accounting judgements and estimates

In preparing these financial statements, management has made judgements, estimates and assumptions that affect the application of the charitable company’s accounting policies and the reported assets, liabilities, income and expenditure and the disclosures made in the financial statements. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events and are believed to be reasonable under the circumstances.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

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DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is recognised on an accruals basis as a liability is incurred, inclusive of VAT which cannot be recovered.

Fund accounting

Unrestricted funds are received or generated for the charitable purposes.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

It is the intention of the Trustees that the fixed asset investments belong respectively to the General Fund and any designated fund including the Dance Companies Fund (i.e. the unrestricted funds), the Leslie Edwards Bursary Fund and the Matthew Winsten Bursary Fund pro rata to the book value of these funds. Because of movements in the funds the proportion of the investments attributable to each fund is recalculated at the start of each financial year, based on the book values of the funds at the end of the previous financial year. Investment gains/losses are then allocated to the Dance Companies Fund and the two legacy bursary funds according to these proportions, with the remainder allocated to the General fund.

Allocation of support costs

Expenditure is allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead (Support) costs of the central function, is apportioned in proportion to the staff costs allocated to that activity.

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DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

Employee benefits – Pension scheme

The charity contributes to stakeholder pension schemes for its full time employees. The assets of the schemes are held separately from those of the charity in independently administered funds. The aggregate costs being 7% (2021 - the same) of pensionable salaries are charged to the statement of financial activities for the period to which they relate. The charitable company has no liability under the schemes other than payments of these contributions.

Operating leases

Rentals are charged on a straight line basis over the term of the lease.

Tangible fixed assets

Tangible fixed assets are accounted for at historic cost less a provision for depreciation. Expenditure on equipment in excess of £100, with a useful life of at least 3 years, is capitalised as tangible fixed assets.

Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Office and computer equipment: 25% straight line

Fixed asset investments

Investments are a form of basic financial instruments and are initially shown in the financial statements at market value. Movements in the market values of investments are shown as unrealised gains and losses in the Statement of Financial Activities.

Profits and losses on the realisation of investments are shown as realised gains and losses in the Statement of Financial Activities. Realised gains and losses are calculated between sales proceeds and their opening carrying values or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the end of the year and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

21

DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2. INCOME FROM DONATIONS AND VOLUNTARY GRANTS

Individual giving
Covid-19 #4Dancers Campaign		 Unrestricted
Funds
2022
£
20,122
-
20,122
**£ **		 Restricted
Funds
2022
£
-
-
Nil
£		 Total
Funds
2022
£
20,122
-
20,122		 Total
Funds
2021
£
22,185
20,047
42,232

In the 2021 financial year all the income was unrestricted.

22

DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

3. INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
Restricted
2022
Funds
Funds
2022
2022
£
£
Income for retraining grant making
Contributions receivable from dance companies:
The Royal Ballet
96,345
-
English National Ballet
46,579
-
Birmingham Royal Ballet
39,352
-
Scottish Ballet
26,535
-
Northern Ballet
25,206
-
Rambert Dance Company
7,098
-
241,115
-
Grants:
Combined Theatrical Charities
50,000
-
Equity Charitable Trust
45,000
-
Royal Opera House Benevolent Fund
-
-
Rudolf Nureyev Foundation
-
6,000
Other
-
5,000
Total for retraining grant making
336,115
11,000
Income for coaching, EVOLVE workshops and guidance
Grants:
Royal Opera House Benevolent Fund
-
49,700
New Approaches
2,500
-
Linbury Trust
-
-
Earned income:
Graduate Programme
14,050
-
Coaching, Workshops & Guidance
4,340
-
Total for coaching, EVOLVE workshops
20,890
49,700
Income for Other support programmes
Grants:
Anonymous donation
-
-
Linbury Trust
-
-
Total for Other Support Programmes
-
-
Total income from charitable activities
357,005
60,700		 INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
Restricted
2022
Funds
Funds
2022
2022
£
£
Income for retraining grant making
Contributions receivable from dance companies:
The Royal Ballet
96,345
-
English National Ballet
46,579
-
Birmingham Royal Ballet
39,352
-
Scottish Ballet
26,535
-
Northern Ballet
25,206
-
Rambert Dance Company
7,098
-
241,115
-
Grants:
Combined Theatrical Charities
50,000
-
Equity Charitable Trust
45,000
-
Royal Opera House Benevolent Fund
-
-
Rudolf Nureyev Foundation
-
6,000
Other
-
5,000
Total for retraining grant making
336,115
11,000
Income for coaching, EVOLVE workshops and guidance
Grants:
Royal Opera House Benevolent Fund
-
49,700
New Approaches
2,500
-
Linbury Trust
-
-
Earned income:
Graduate Programme
14,050
-
Coaching, Workshops & Guidance
4,340
-
Total for coaching, EVOLVE workshops
20,890
49,700
Income for Other support programmes
Grants:
Anonymous donation
-
-
Linbury Trust
-
-
Total for Other Support Programmes
-
-
Total income from charitable activities
357,005
60,700		 Total
Funds
2022
£
96,345
46,579
39,352
26,535
25,206
7,098
241,115
50,000
45,000
-
6,000
5,000		 Total
Funds
2021
£
97,459
39,220
36,916
26,215
24,750
12,291
236,851
145,000
45,000
10,000
6,000
5,000
347,115 447,851
49,700
2,500
-
14,050
4,340
70,590
-
-
-
417,705		 40,630
-
29,000
5,100
1,605

Grants:
Royal Opera House Benevolent Fund
New Approaches
Linbury Trust
Earned income:
Graduate Programme
Coaching, Workshops & Guidance
Total for coaching, EVOLVE workshops
Income for Other support programmes
Grants:
Anonymous donation
Linbury Trust
Total for Other Support Programmes
Total income from charitable activities
-
2,500
-
14,050
4,340
20,890
-
-
-
357,005
76,335
50,000
1,000
51,000
575,186

23

DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

Unrestricted
2021
Funds
2021
£
Income for retraining grant making
Contributions receivable from dance companies:
The Royal Ballet
97,459
English National Ballet
39,220
Birmingham Royal Ballet
36,916
Scottish Ballet
26,215
Northern Ballet
24,750
Rambert Dance Company
12,291
236,851
Grants:
Combined Theatrical Charities
132,500
Equity Charitable Trust
45,000
Royal Opera House Benevolent Fund
10,000
Rudolf Nureyev Foundation
-
Other
5,000
Total for retraining grant making
429,351
Income for coaching, EVOLVE workshops and guidance
Grants:
Royal Opera House Benevolent Fund
-
Linbury Trust
-
Earned income:
Graduate Programme
5,100
Coaching, Workshops & Guidance
1,605
Total for coaching, EVOLVE workshops
6,705
Income for Other support programmes
Grants:
Anonymous donation
-
Linbury Trust
-
Total for Other Support Programmes
-
Total income from charitable activities
436,056		 Restricted
Funds
2021
£
-
-
-
-
-
-
12,500
-
-
6,000
-
18,500
40,630
29,000
-
-
69,630
50,000
1,000
51,000
139,130		 Total
Funds
2021
£
97,459
39,220
36,916
26,215
24,750
12,291
236,851
145,000
45,000
10,000
6,000
5,000
447,851
40,630
29,000
5,100
1,605

Grants:
Royal Opera House Benevolent Fund
Linbury Trust
Earned income:
Graduate Programme
Coaching, Workshops & Guidance
Total for coaching, EVOLVE workshops
Income for Other support programmes
Grants:
Anonymous donation
Linbury Trust
Total for Other Support Programmes
Total income from charitable activities
76,335
50,000
1,000
51,000
575,186

24

DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

4.
EXPENDITURE
Direct
costs
2022
£
Raising funds
3,344
Charitable activities:
Retraining grant-making
204,222
Coaching, EVOLVE
workshops & guidance
97,615
Other support programmes
9,192
Support costs
72,440
386,813		 Staff
costs
£
47,233
51,749
46,072
4,338
63,431
212,823		 Support
costs
£
42,958
47,065
41,902
3,946
(135,871)
-		 2022
Total
£
93,535
303,036
185,589
17,476
-
599,636		 2021
Total
£
50,834
319,212
235,038
6,165
-
611,249

Total staff and support Costs are shown respectively in Notes 5 and 9. Direct Retraining grant-making costs are shown in Note 7.

2021
Raising funds
Charitable activities:
Retraining grant-making
Coaching, EVOLVE
workshops & guidance
Other support programmes
Support costs		 Direct
costs
£
8,737
262,210
117,542
6,165
43,048
437,702		 Staff
costs
£
29,998
39,199
91,327
-
13,023
173,547		 Support
costs
£
12,099
17,803
26,169
-
(56,071)
-		 2021
Total
£
50,834
319,212
235,038
6,165
-
611,249
5.
STAFF NUMBERS AND COSTS
Wages and salaries
Social security costs
Pension costs
Accountancy fees
Temporary staff		 2022
£
166,444
12,324
12,146
190,914
7,659
14,250
212,823		 2021
£
140,813
9,742
11,752
162,307
9,840
1,400
173,547

One employee had employee benefits in excess of £60,000 during the year (2021 - None).

25

DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

Retraining grant making
Coaching, EVOLVE workshops and guidance
Other support programmes
Raising funds
Governance and support
The average monthly number of employees, calculated as full time
equivalents, during the year was as follows:		 Number
2.0
1.8
-
1.7
0.6
6.1		 Number
1.7
1.6
-
1.3
0.5
5.1

6. DIRECTOR/TRUSTEES AND KEY MANAGEMENT PERSONNEL

The key management personnel of the charity comprise the Director/Trustees and the Executive director. The total employee benefits including pension contributions and employer national insurance contributions of the key management personnel were £64,720 (2021 - £56,458).

The charity trustees were not paid nor did they receive any benefits from the charity in the year (2021 - £Nil). 1 charity trustee was reimbursed expenses of £64 during the year. (2021 - no trustees received any expenses).

7.

RETRAINING GRANTS PAYABLE
Grants written back in the year
Unrestricted Independent Dancers Fund -
Awards to 29 dancers (2021 - 65)
Restricted Independent Dancers Fund -
Awards to 5 dancers (2021 - 6)
Designated Dance Companies Fund -
Awards to 40 dancers (2021 - 76)		 2022
£
41,662
10,000
153,542
205,204
(982)
204,222		 2021
£
98,518
19,823
208,371
326,712
(64,502)
262,210

Retraining grants payable comprise grants to professional dancers and ex-dancers to assist them to retrain in their chosen field when their performing career has come to an end through age or injury. Some of the awards are funded from amounts given by the dancers' dance companies, some from funds given for specific dancers, while others are funded by the charity itself.

A list of grants payable is maintained at the registered office.

26

DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

Reconciliation of grants payable:
Commitments at start of year
Commitments made in the year
Grants payable for the year
Grants paid during the year
Grants written back in the year
Commitments at end of year
Commitments at end of year are payable as follows:
- Within one year		 2022
£
196,591
205,204
401,795
(226,705)
(982)
174,108
174,108		 2021
£
213,087
326,712
539,799
(278,706)
(64,502)
196,591
196,591

8. RELATED PARTY TRANSACTIONS

Aggregate donations received from related parties amounted to £14,251 (2021 - £10,834); none of these donations had conditions attached which would, or might, require the Charity to significantly alter the nature of its existing activities. Other related party transactions are disclosed in Notes 5 and 6. There were no other related party transactions to disclose for the year (2021 - the same.)

9.
DIRECT SUPPORT AND GOVERNANCE COSTS
Governance costs:
Independent examiner's fees:
Legal and professional fees
Diversity and inclusion
Total governance costs
Rent and rates
6,950
Depreciation of office and computer equipment
Telephone and broadband
1,540
IT and website costs
2,509
Staff CPD and human resources
2,945
Training - staff life coaching
4,900
Trustee expenses
64
Sundry expenses
#VALUE!
Irrecoverable VAT, interest on VAT liability and late filing
penalty (see Note 13)		 2022
£
2,850
16,619
-
19,469
6,950
644
1,540
2,509
2,945
4,900
64
26,464
6,955
72,440		 2021
£
1,700
7,334
4,000
-
9,950
733
1,733
2,928
7,095
1,790
-
-
5,785
43,048

Support costs and governance costs are allocated to activities on the basis of estimates of the proportion of time spent by staff on those activities.

27

DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

10. TANGIBLE FIXED ASSETS - OFFICE AND COMPUTER EQUIPMENT

Cost
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2021
At 31 March 2022
11. FIXED ASSET INVESTMENTS
2022
£
Market value at start of year
795,910
Additions at cost
-
Disposal proceeds
-
Net investment gains / (losses)
92,559
Market value at end of year
888,469
Historical cost at end of year
548,795
Listed investments comprise COIF Charities Investment Fund Accumulation Units.
12. DEBTORS
2022
Due within one year
£
Contributions due from dance companies
14,775
Donations and grant funding receivable
2,625
Accrued income
9,165
26,565		 Office and
computer
equipment
£
10,237
910
11,147
9,687
644
10,331
550
_£ _
816
**£ **
2021
£
640,200
-
-
155,710
795,910
548,795
2021
£
20,790
351
5,000
26,141

28

DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accounts payable
Grants payable (see Note 7)
Other tax and social security (see below)
Pension contributions payable
Other creditors
Accruals
Deferred grant income (see below)		 2022
£
16,125
174,108
220,609
1,206
3,777
6,310
62,000
484,135		 2021
£
-
196,591
158,248
1,151
-
16,187
50,000
422,177

As explained in last year’s accounts the charity needed to register for VAT following advice on the VAT status of dance company contributions. The net VAT due was paid after the year end and is included within Other tax and social security above.

Deferred grant income
Balance at start of year
Amount released to incoming resources
Amount deferred in the year
Balance at end of year		 50,000
(50,000)
62,000
62,000		 45,000
(45,000)
50,000
50,000

29

DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

14. STATEMENT OF FUNDS

STATEMENT OF FUNDS
2022
UNRESTRICTED FUNDS
General fund
Designated funds
Bettine Goldberg
Retraining and
careers development
Dance Companies Fund
Total designated funds
Total unrestricted funds
2021
UNRESTRICTED FUNDS
General fund
Designated funds
Bettine Goldberg
Retraining and
careers development
Dance Companies Fund
Total designated funds
Total unrestricted funds
2022
RESTRICTED FUNDS
Leslie Edwards Bursary
Mathew Winsten Bursary
Associated Dance
Companies Bursary Fund
Other bursary funds
Royal Opera House
Benevolent Fund
Director of Development
Other Coaching, EVOLVE
workshops &
guidance funds
IT Infrastructure Fund		 Brought
Forward
£
318,482		 Incoming
resources
£
106,012		 Resources
Investment
expended gains/(losses)
£
£
(181,439)
36,064		 Carried
Forward
£
279,119
10,545
250
449,682
460,477
778,959
Brought
Forward
£
211,653
10,545
-
422,474
433,019
644,672
Brought
Forward
£
27,198
38,932
-
8,097
8,400
50,000
11,732
3,735
148,094		 -
30,000
241,115
271,115
377,127
Incoming
resources
£
166,437
-
75,000
236,851
311,851
478,288
Incoming
resources
£
-
-
5,000
6,000
49,700
-
-
-
60,700		 (5,555)
-
(24,645)
-
(295,104)
49,252
(325,304)
49,252
(506,743)
85,316
Resources
Investment
expended gains/(losses)
£
£
(109,208)
49,600
-
-
(74,750)
-
(305,760)
96,117
(380,510)
96,117
(489,718)
145,717
Resources
Investment
expended gains/(losses)
£
£
-
2,979
-
4,264
(5,000)
-
(4,000)
-
(42,225)
-
(26,201)
-
(11,732)
-
(3,735)
-
(92,893)
7,243		 4,990
5,605
444,945
455,540
734,659
Carried
Forward
£
318,482
10,545
250
449,682
460,477
778,959
Carried
Forward
£
30,177
43,196
-
10,097
15,875
23,799
-
-
123,144

30

DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

Brought
2021
Forward
£
RESTRICTED FUNDS
Leslie Edwards Bursary
23,088
Mathew Winsten Bursary
33,049
Acting for Others Bursary
-
Other Bursary Funds
6,097
Royal Opera House
Benevolent Fund
37,636
Dancers support officers
-
Director of Development
-
Other Coaching, EVOLVE
workshops &
guidance funds
12,632
IT Infrastructure Fund
8,000
120,502
SUMMARY OF FUND MOVEMENTS
Brought
2022
Forward
£
Unrestricted funds
778,959
Restricted funds
148,094
927,053
£
2021
Unrestricted funds
644,672
Restricted funds
120,502
765,174
_£ _		 Incoming
resources
£
-
-
12,500
6,000
40,630
29,000
50,000
1,000
-
139,130
Incoming
resources
£
377,127
60,700
437,827
£
478,288
139,130
617,418
_£ _		 Resources
Investment
expended gains/(losses)
£
£
-
4,110
-
5,883
(12,500)
-
(4,000)
-
(69,866)
-
(29,000)
-
-
-
(1,900)
-
(4,265)
-
(121,531)
9,993
Resources
Investment
expended gains/(losses)
£
£
(506,743)
85,316
(92,893)
7,243
(599,636)
£
92,559
£
(489,718)
145,717
(121,531)
9,993
(611,249)
£
155,710
_£ _		 Carried
Forward
£
27,198
38,932
-
8,097
8,400
-
50,000
11,732
3,735
148,094
Carried
Forward
£
734,659
123,144
857,803
**£ **
778,959
148,094
927,053
_£ _

Fund descriptions

a. Unrestricted funds

General fund

The General fund represents income and expenditure not designated or restricted for a specific purpose.

b. Designated funds

Bettine Goldberg Designated Fund

This fund represents the generous unrestricted legacy from the late Bettine Goldberg which has been designated to fundraising and providing awards in her memory for independent dancers.

Retraining and Careers Development Fund

This fund represents emergency funding gratefully received from Acting for Others (Combined Theatrical Charities), designated for dancers whose performance careers have been interrupted by the COVID-19 Pandemic.

31

DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

Dance Companies Fund

This fund represents the fees paid by dance companies, less expenditure on their dancers' transitional support programmes. As explained in Note 25 these had previously been treated as restricted funds.

c. Restricted funds

Leslie Edwards Bursary Fund

This fund represents a generous legacy received from the late Leslie Edwards to provide a bursary in his memory for an independent professional dancer in transition.

Mathew Winsten Bursary Fund

The late Mathew Winsten was a long time supporter and valued director of the Corporate Trustee of Dancers' Career Development. This fund represents his generous legacy to provide future bursaries in his memory for an independent dancer.

Royal Opera House Benevolent Fund

This fund represents a generous donation from The Royal Opera House Benevolent Fund towards providing coaching and EVOLVE workshops for independent dancers across the UK.

Dancers Support Officer

This represented funding received from The Linbury Trust towards the annual salary of the Dancers Support and Programmes Officer role for independent dancers across the UK.

Director of Development

This fund represents a generous donation towards the annual salary for a new role of Director of Development within the charity.

IT Infrastructure Fund

This fund represents a grant received from The Clore Duffield Foundation for the improvement of IT hardware and infrastructure, in particular, upgrading of the charity's server and the purchase of new computer hardware. The fund was fully spent during the year.

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

2022
Tangible fixed assets
Fixed asset investments
Net current assets/(liabilities)		 Unrestricted Funds
General
Designated
fund
funds
£
£
816
-
346,179
472,765
(67,876)
(17,225)
329,277
455,540		 Restricted
funds
£
-
69,525
53,619
123,144		 Total
funds
£
816
888,469
(31,482)
857,803

32

DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

Unrestricted Funds
2021
General
Designated
fund
funds
£
£
Tangible fixed assets
550
-
Fixed asset investments
303,829
428,993
Net current assets/(liabilities)
14,102
31,485
318,483
460,478
16. OPERATING LEASE COMMITMENTS
Not later than one year
17. RECONCILIATION OF NET INCOME/(EXPENDITURE)
TO NET CASH FLOW FROM OPERATING ACTIVITIES
Depreciation charges
Investment gains
(Increase)/decrease in debtors
Increase in creditors
Net cash (used in)/provided by operating activities
Total future minimum lease payments under non-cancellable operating
leases for each of the following periods are as follows:
Net (expenditure)/income for the reporting period (as
per the Statement of Financial Activities)		 Restricted
funds
£
-
63,088
85,006
148,094
2022
£
3,475
2022
£
(69,250)
644
(92,559)
(424)
61,958
(99,631)		 Total
funds
£
550
795,910
130,593
927,053
2021
£
6,800
2021
£
161,879
733
(155,710)
25,939
44,305
77,146

18. LEGAL STATUS OF THE CHARITY

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of a winding up is limited to £1.

33

DANCERS' CAREER DEVELOPMENT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

19. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Notes
INCOME FROM:
Donations and voluntary grants
2
Retraining grant-making
3
Coaching, EVOLVE
workshops
and guidance
3
Other support programmes
3
TOTAL
EXPENDITURE ON CHARITABLE ACTIVITIES
4
Charitable activities - transition support programmes:
Retraining grant-making
4
Coaching, EVOLVE
workshops
and guidance
4
Other support programmes
4
TOTAL
Net gains/(losses) on investments
13
RECONCILIATION OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD
Charitable activities:
Raising funds
Net income/(expenditure)
Net income/(expenditure)		 Unrestricted
Funds
2021
£
42,232
429,351
6,705
-
478,288
35,198
299,903
154,617
-
489,718
(11,430)
145,717
134,287
644,674
778,961
_£ _		 Restricted
Funds
2021
£
-
18,500
69,630
51,000
139,130
15,636
19,309
80,421
6,165
121,531
17,599
9,993
27,592
120,502
148,094
_£ _		 Total
Funds
2021
£
42,232
447,851
76,335
51,000
617,418
50,834
-
319,212
235,038
6,165
611,249
6,169
155,710
161,879
765,176
927,055
_£ _

NOTES

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year.

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