Company number 04342933 Charity number 1169593 London W1K SLH AJW8VD• 2211212021 COMPANIES HOUSE A24 #182 ILknll•d by Guarnnt•el Reference and Administrth"vè t)etaiis Trustees. Report 3-10 Auditors. Report Statement of Financaal ActNities (induding Income arKI Expenditure ACCO￿1) 14-18 Balance Sheet 19 Cash Flow Siatement 20 Notes lo Ihe Fiwcial Siatements 21-29 ILknll•d by Guw•nl•) Con•llbJtlon The ¢harilable company 4$ a private ¢(Nnpany limrted ty guarantee regislered in EW - Englar￿ and Wales, company number 04342933 in￿rpOrated under the Companies Act and its governing drfument is ils Memorandum and Articles of Asso¢iat*Jn. Thè company ts a registered charrty, number 1169593. The directors of the ¢haritable Ixynpalry (Akram Khan Dance Company) are Is trustee5 for thè purpose ol harity law and Ihroughoul this rek>yI are collectNely refeThed to as the trustees. Policies and wocedure5 adopted for the irnludion and traini)g of trustees are ongoing and incorporated indirecuy into the regulai trust88s meekng$. The trustees dwing the year arbJ s￿Ce the year end. were: Anais Aguerre Gurnek Bains (Chairl Mthael Cohen lan Finlay Paul Oe Quincey Nicole Newman Turner Mxry O'Reilly Dipali Sahni Jeremy Shakerèly Oenis Shafranik Rick Wentworth resigned 18 September 2020 resMJned 24 Seplember 2021 appotnted 23 Septern￿r 2020 appointed 14 Decem￿1 2020 S•¢r•tsry Jane Ta￿Or-HolrneS Akram Khan Farooq Chaudhry Jan Hart IFinan¢e Dirèctor) Mashitah Omar IHead of Touiing and Production) Celine Gaubert (Head of Exlernal Relalionsl Clare Cody-Richardson (Head of Operalionsl Christine Maupetrt (Head of Legacy Projects) Tina Fagan (Head of Technicaf) Isabel Tamen (Head of Operabons. matemty cower l appointed ExeoJtNe Direclor August 20211 IL#Mll•d by Gu*rants•) Audllo Breekman 8 Company Ltd, Chartered Certified Accolniants, 49 South Mollon Street. Lonth)n W1K 5LH. Bink•r• HSBC. 25 Islin9lon High Street, L¢)ndon N1 9LJ. Solkllorn Bales Welt5, 10 Queen Street Place. L(YKJDn EC4 18E. Somersel House, West Wing. Strand. London WC2R 1LA. The trv51ee5 wesent their annual report tO9èther with the finarKial statements of tharity for the year ended 31 March 2021 wh￿h are also prepared to meet ihe requiremerts for a directors. report and acLounts for Ccxnpan*s A¢1 purposes. The refere￿ and administrative detals set tyjl on page5 1 and 2 form part ol this ￿pOrt. The financial statements ￿mplY wilh Charities Act 2011. the Companie5 Act 2rffi. Ihe MemOrar￿um and Articles of Association and Accounting and Reporting by Charthes.. Stalement ol Recomrnended Practi¢e applicable lo charrtiès prepaiing their accounts ￿ accordance with the Financwl Reming Slandard applicable in the UK and Republi of Ireland IFRS 1021. Since Akram Khan Company IAKCI was foundÈd o¥ei twenty years ago. our uncompromising commitrnent to eX￿llence. innovation. dNÈtsty and arlisti¢ risk has posrtK*ned us as one of the most influential and successlul dance companies in the UK and the worfd. Our produclions range from kathak and modern solos lo artisl-to-arlist collaborats.ons and ensemble works. A mileslone in the Companls journey was the creation of a section of the LoThJon Olympic Games Opening Ceremony in 2012, performed by Akram and frfty dancèrs and seen by over h¥0 billion peop￿ wodthvide. In recent years. we created high-quality family and hildren-friendly versions of our larger prcmjuctions. t•thich have had tremendous UK arKI global $U￿$S in nurturing an apprecialion ofdance by younger audien￿$. The Company was four￿￿ in 20LK) by dan¢erlchorÈographer Akram Khan {British bom of Bangladeshi deS￿nI) and producer Farooq Chaudhry Ibom in Pakistan. raised in thè UK). As Sotrth Asian Men who havè straddled two wortds throughrHJt their personal and professional lives. they have Iranscended cultural labelling and, as a consequence, created contemporary dance work that chamP￿S universalisrn. What malters is'story and not cok)ur' ￿d. further slill, 'my story is your st(￿. Our success h83 been achieved Ihfough the combination of dual leadership. unfiinching artistic aMbIt￿n and entrepreneurial business acumen. and we G￿lInUe to buikj on excellence. universal appeal and experimentation. We Wofk across disciplines wth an Fntèmal￿Ial leam of tt)È bèst professionals at all kvels artists. techni¢Bn$ and administrators_ We take rK%ks, thM)k img. explo￿ the untsmthar, aVOKJ c¢ynpromise and teu Sto￿ Ihrouyh Ihal are compelling and rele¥anl. wth artists integrity. The objects for which the Company 15 eslablished. a5 set out In the goveming d(￿rneDt. are: To advance the arts and cutture for the beneffil of the general public by promoling. in the UK and intemationally, modem dartce and other art forrns induding. wrthoul lirnitailon, films and music, with part￿￿13T. but nol èxdusive. referen¢e to touring I￿rf0MancÈS and to the work of Akfam Khan, and To advance Ihe education of young peop￿. dance practh"oners and the general publ￿. with particular reference to the artistic work of thè Charrty. parficularfy, but not exclusively. through the provision ol workshop$. dasse$ and performances. The purpose and aims of Akram Khan Dance Company are I￿8nded for the benefft of the public. The Company enga9es the through the iyeatiffl and pu￿1¢ performances of hyh qualty, ¢tAlurally relevant artÈsth"c W￿k, and through edu¢abon artd ￿3¢Y projects. ty Gumntse In Shaping our objecbves for the year and planning ￿Jr adi￿lIeS. the truslees ha* considered the Charity Commissiorb's guKl8nGe on publi¢ benefit. including the gu#Jance'public benefft". running a charity IPB21'. The Company's inlemational louring remil was unfortunately, like many other arts organi5alions. badly affected in the 2020121 financsal year due to tP* COVID-19 pandemic. We were ￿annIng to deliver 192 performances internationally across four productr.ons throughout this perth and had no choice bul to cancel and poslpone most of them to the folk)wing ye¥. XENOS- there were no perfc¥marKes within the yEar- 20 [￿rt￿rnances were ￿ncelled and klostwied into the 2021122 financial year. Outwitting the Dew"l - thwe were no perfomiances within the year - 60 perfomiances were cancelkd and postponed into the 2021r22 finanaal year. Chotto Xenos - there were 17 ￿rf0M1anceS xmss 2 C(Yjntr￿ within the ye*. ￿hIng 2.466 people. Therè wèrÈ 95 pèrfomance cancellations. thankfulty many of these perfowmance can¢ellatK)ns were postpone(l into the 2021r22 ffinanaal year. Akram continued to license hK% Cho￿OgraphIC work to other profess*)nal and student cx)mpanres thr￿jg￿ his personal company, ILARAS increasing the reach of his work teyond the Company's realm. His new independent commission for English National Ballet's tI￿d Creature should have premIe￿d wilhin the year bul had to be postponed to the Cov1￿19 pandem￿ to September 2021. Akram worked with ienound film Director Asrf Kapadia to adapt the stage versM)n of Crealure lo film. whith happenèd in PJlarch - April 2021 and is due to be ￿leaSed Later this year In 2020 Akram was featured on tele￿$lon as part of Nefflix's MOVE ser*s and in Swan Film's doojmentsry The Dan￿r aryj Ihe Ftyhler. Akram also ueal8d a s￿rt dance film, commissioned by MIF. called Breath￿$5 Puppets. Akram's tnlernalK)nal repUtat￿n as a ￿nOwfied intemalional choreographer continued - he ￿CeNed the Choreographer of the Year award by German mag•ne for his pr¢jJuctTr￿ oL￿￿ttIng the Dewl. Leg•¢y pvohets w￿kShop programme Our workshop proglamme was impacted by the COVltk19 cris5 and our usual number of workshops was hafved. However. we managed to deli¥er 23 wofksts)ps (including 8 IRL and 15 online workshops) èngaging with 624 dancers around the WOTkl1186 dancws IRL & 438 darcers online) whth repfesents an increase of 23% compared to the previc¥Js year in the number of people we engaged with our workshop pr(%Jramme. Animal Kingdom - onlirtÈ part￿pation project (Maison de la Danse Lyon, FRANCE) Animal lQ"n9dom rs an online partiupation project that was Launched in February 2020 in partnershlp with a French dance resources digital plarfom) Numerklanse. Inspired by the Compan15 productK)n ou￿1llIng Ihe Devil theme of the human connecbon to nature. Anwnal K*igdom is an invitation lo explore the V*yldefness thin us. The idea was to invite people from all over the workj. IK) matter what age, phys￿1 abilty or level of eXper￿nce in dan(%, to choreograph Ihwr rnvn Animal Kingdom wrth the support of vidèo tutorials guiding them through a creative process. Peop￿ were to film thwr creal￿n and submil the ￿￿¢0 online, and with all the subrnissions, AKC would ihen prod¢Jce a short film with eycerpts of ALL the vKleos and ¢elebrale connectedness, bonleriess ueatmty and dvJrtal ¢xmmunty by cieatw)g a global and Shared Animal Kingdom. ILhnknl by Gu•r•nt••) Around 190 people {fknOyrsl en9aged vlrth Animal Kingdom Workshops delivwed on Zoom by Mavin Khoo and Kennedy Muntanga and we rece￿ed 172 wdeo submissions for the project. The participation of the project had a slrong inle¥nalional rea¢hlscopè wrth all the paib'cpants corning from around 31 countries. The final collage film was re￿aSed on 9 Decembei 2020 on both AKC and Numeridansè websitès and Facebook channels. Mama UnNersty Creal￿n by Joy Alpuerto Ritter 11 AKC umbrd AKC Dancer & Rehearsal Director Joy Alpuerto Ritter worked wlh ￿ year dan¢e sludents from Maha University to cieate a piece as pari of the performing module of Iheir programme. The project was placed under AKC umbrella and Jols piece -Shikhandi was inspire(I by the charader of Shikhandi Irom Akram Khan's production Unkn"1 the IKsns, an original reworking of Ihe epic Mahabharats. The uèation wrth the students happened over Zoom from March 2021 lo May 2021. The slwlenls will wrfomi the p￿ce in the Mama University Theatre in May 2021, *there it wll aLso be fikned to be streamed On￿ne in May 2021. Online proiects The Company C￿ntinued lo develop a slrong visual Kjentty arKJ online prewice whi¢h has consmlerably increased during the pandemic period_ We rebeased oui first dvJtsl programme. The Ar¢hile¢ts of Stillnèss. as a response to the first lockdown. for a r￿n0d of 7 weeks {6 Apn5 - 22 May 20201. Importance was given lo the spe¢rfi¢* of Ihe context wrth a sense of resrt•nsibihty for our global audiènces. The programme was developed to engage wrth audiences of all ages. cuttU￿$, ILub"ons and economic backgrounds, who could access fof free online trainin9 sessions and wothsh¢)ps by Company dancers, weekly live conversations led by CrealJ"ve Associate Mavin Khoo, weekty Ins￿ratIOnal Stories ol H¢¥Je by Farooq Chaudhry, the audio series An Anuent Observer with StOr￿S from different M￿hOk￿j1eS narrated by Akram to his daughter, and behind-the-scenes douJmentaries unveibng thé process of early prc4Juct¥)ns. The diversity of the content reathe(J an extraordinarity Yasl a￿l￿nce - exssD"ng and new- wth a total reach of 2.013,467 people, èspeoally the practice-based sessions delNered on Facebook Live which were seen by more than 1.6M F*ople on their FB pago {average reach 0137.700 per s¢ssKsn}. The Silent Burn Project was another slgnfficant digital exper*nce. released for ihe 20th anniversary of the Cornpany on 4 October 2020. This carefvlly-crafted three-hour INe stream delved into the history of the Company, wth personal and lived eXperier￿ Irom the multiple and Tnvaluable voices and lalents who contnbuled to the journey. All the c￿lent was pro(hJced an(1 created exduwvety for this milestone and curated for the screen. With a global reach of 650.193 people Ihroughoul the 204ay ¢>)untdown up to the day of the Irve stream. the anniversary programme has been walched by 11.854 unique viewers lo dale on our YouTube channel. In li9ht ol this su¢¢ess and in the need lo connecl wth our intemational aud￿nce. the Company has dèuded to tnore fully embrace this direct￿n for Ihe fulure. even as we resume touring. The digltal work allows us to share stories in ￿ a9ik. adaptive and ￿aliVe way. that can only Com￿eMent work on S￿&. and develop as a whole new a￿8. lull ol wtenbals. Social Media Our online presence and growlh ha$ been signfficant the past 19 rnonths. Fw examp￿, the increase in audience member5 on Inst8gr8m has attraded 13.000 more fdlower5 since Awl 2020. and the account currently stands at over 85.6k followers. Akram's growing profile in mainslream media. especially after his recent documentary on Neffiix. has broughi a broader aUd￿nCe to the Companls wotk. However, the number of follower5 is not the mosl important aspeci to us,. it is the organK and genuine engagement we gain from each indNidual Ihat matters. The main princ¥ple when it comes lo our socaal meL1ia platfomis is that they are used as a conduit lor u5 to convetse ￿th our audiertts. Our Facebook pagè continues to steadily grow with a follwng of O￿T 137.7k and Twiiter r•mains OUT slwesl growing plalform, which sees 22.sk folbwers. Publ¥cation We have been working with the publishing cofflpany Bok eok Books. created by Rumana Yasmin lo represent 8angladeshi authors and illuslralor5 in children's lrtèrature Akram and his childhood is the locus of a book aimed al children aged 5+ wrrtten by Samira Ahffled (known as The Millen¢al Mal. The book will be published in October 2021. and aims to chan9e the narratNe acound migrants and iheir contributions to society. and to in5piie chIld￿n to fofkjw Iheir drèams and pass￿9. Fln•nclal R•vl• Thtr Company is funded by Arts C(NJnol EngLand and has Tecei¥*d regular annual funding for 17 years. It is currently a National Portfolio Organ￿Sa￿.0n in its final years of 8 four-year lunding ag￿ement which commenced on 1 April 2018. The Company reports to ACE through qUarte￿Y monitoring and an annual statistical survey and report. The majority of Ihe resl of the Companf$ resources are generaled through eamed acti￿lY income, prinopaly internat￿nal and UK touring. Because of our strong and relab.vely profitsble intÈmatK)nal touring profile alid good relationship with CO•produceTS we have only a 14mrted reliance on ¢ontribthèd ineome. We have consistentfy exceeded fore¢85ts for ts>produ¢tion fijnding (Includ￿ in our Èamed mcome figures) which subsidises the production costs of a new work. Our resilience lies in otjr abilrty to Wofk our wal out of any finanaal s￿rt[all, and in the robust reserves policy l*kl by Ihè Company. The cov1￿19 pandemic has proved the biggest test of that resilbence in our 20-year history. With thè k)ss ol almost all our touriTh3 Income for the year, we wefe able to draw on our working reservès to Ènsure the survival of the cornpany, and it is a testament to Ihe hard work ol the ￿rnpany and the team's skilful management Ihat we were able to emerge fr£￿ with both ow shutdLx¥n rese(¥È and our projèct fund intact. Reserves The existing policy is for the Company to maintsin a consi51enl level of rin9fenced reseNes. equsvalent lo the value of 3 months of shutLbwn cost5. whith ¢urrenlty stands at £250k. Designated ftjnds In the 2019-20 finanoal year we crealed a desvJnated project fund of £250k to Ilse against fvlure pi¢i¢cts, and this, along with the gen￿￿J$ £2CQk grant recet¥ed from Ihe Garfie￿ Weston fund, wll underwrrte the costs ol our new production of jur0￿ Book feimagined that wll exc£ed the cTrpIodu¢t￿n lun¢Jing that we have secured. The unspent portK)n of our aAni¥er$8ry fund1£17.0271 wa5 ￿leaSe￿ into undÈsKJnated funds, and this year we created a designated Legacy fund to enab￿ this department to operate independently and develop the charilvs educational and legacy programme. The balance of our reserves 01 £26.114 is hehj a5 WOrt￿g capital Io ¢8rry forward into 2021-22. ReStr￿ted funds There are restricted funds of £2tx).Crf)O lo be Carried fop*ard ￿10 2021-22. ￿CeNe￿ from Garfield Weston Foundation Weston Culture Fund towards prf￿r￿Ming. espeualty the ￿atson and rehearsal of Junyle Book, due to piemiere in Awil 2022. for Fu￿rn P•iiod8 We create thoughtful, provocatNe and ambTrtvJs dar￿e wcmlucti￿s for natKJn* aThJ inlemational stages. Akram Khan takes human themes and w(*k5 With work14k4$s collaborators to take them lo new and unexpected places- eMbraC￿g and working wth other cumuies and d¢saplines. By focusing on excellence and innovation. whi15t iemaffiin9 relevant and pushing the boundaries of the art form. we are commrtie(I to ￿8¢hing nèw aut1iènces atwj supporting the devekjpment of growing tslenl- vnth its dance language rooted ￿ Akram Khan's classrcal Kathak and conlemporary training. Our Core values are.. Excdlence InnovatK)n 8 Creativity Collaborats'on Empowemient These values reflecled Ihrou9houl the company," in our productions, in our organisational structure and in Ihe world￿"d8 relationshps we build and Mainta￿ with artists. collaborators. venues. lesb.vals an¢J fundèrs. The Company has more excbling plans in place.. with proposals for ne4V works, extended Legacy projècts. and engaging d￿lts1 actmly, we ￿11 see a Wh1e range of meaningful projects worldwKIe. We see the coming years as much-needed transittonal year5 of ￿COVery for the Company as a whole. We have leamt and listened. and will be addressing the weaknesses exposed by the COVID-19 pandèmic ol our business rnodel lo dale and Ihe effect it has had on our workforce. The coming year will matk Ihtr end ol Akram's extraordinary career as a solo performer as well as enabling his development as a renowned worldwide choreographer. This year will also prowde us with Ihe opporturbity lo nurture and test an innovative, yet iobust, new touring bLJ5iness rnodd. as well as solit1ty.ng ouf MSK)n and mission over the next (Je¢ade. We will continue to tour Chotto Xenos, XENOS Ouiwrtling the Devil throughout the 2021122 financial year. XENOS will come to the end of its louring ryde. with planned performances in Paris and Indka in Spring 2022. and ou￿ttIng the DeMI and Chotto Xenos will end Ihwr touring cydes in Autumn 2022. Jungle Book reimagined will premiere in April 2022 and used as a pilot produ¢tK)n for a shift in businèss model. We wll maximise 115 commer¢ial polenb"al. and USÈ rt as a v*h￿Ie to progressivety embrace all four of the Arts Counul England's Invèstment Principles across all our actMh"es. In addition, we wll nurture the growlh and development of our LÈgacy and Dwital dèpartments and expand the large communrties they serve across the globe. GNen the continued demand for Akfam's woth both in the UK and intematK*nally. the conlinue(l excellent ￿pUtatIOn of the Companrfs creative (Mllwi. and the tjedication and wmmitment of its highly skilw aryl experienced staff and Tmstees. we fèmain Optimis￿ and have put in place 3 realist fO8tJmap for cfjnlinued success in the years to cg)me. Ouf artbstr ambrtion remain unth"minished. and our rel*b)nship wrth ow 8udierte will be deeper and morè meaningful. Akram personally wll have conhnued to IransttK)n into a new eia of his career, and the Company will be starting to reap the artistic riches that will come once Akram Is f(xused solely on his role as Arti%tic Dirèctor. The Company. and Akram's legacy, will be assuie(1 and secured. and we will be moving fonvard. wrth momenbjm. to Ihe next phase of ouri0uff￿y. The organisalh)n is a tharitsble company limite(I by guarantee incorporated on 19 December 2C(J1. amended by special resolution on 24 Septembw 2016 and legisle￿d as a charty on 11 October 2016. The cornparhy was established undef a Memorandum of Assocration, which established Ihe objects and powers of the Charitable company and is govemed under its Arlicks of Assoclation. In the event of the Cornpany bew)9 wound up members are required to ￿ntA"bl[le an amount not exc8eding £1. A full review of thè Memorandum and Art￿eS ol Association was undertaken thring 2016. This review ensureo that the Govefning document conbnues to be fft for purpose. Board makeup of skills is regularty revièwed, particularty when a member iesigns, and people with strengths in afeas less repfesented on the board. are put forward. In most inslances, the Ch￿CeS are approved by all members and the indrvhlual is usvalty approached initialy by the most rekvant Board member, often Ihe Chair. On appoinlmertl Trustees a￿ given Companl$ Memorar￿lm and Arttles and most re¢ent business plan, plus most le￿nt minutes and management a¢¢ounts. The Tfusl ¢urrenlly has a Board of Trustees of seven members. vtho meet on an avwag• of once every 3 months. Thè Board is ￿sponsible ft)r the strategic dire¢tKJn. thè polKies of Ihe ¢harity and for reviewing linan￿31 affairs. Thè 8oar¢J has members from a variety of professKsnal backgrounds re￿Vant to the work of the charity". Gurnek Bains (Chair) M¢hael Cohen Paul De Quincey (reS￿ned 24 Seplember 2021} Oipali Sahni Rick wenty￿rth Oenis Shalranik Jeremy Shakerfey lan Finlay Iresuned 21 Sepiember 20201 Anais AguèrrÈ NICO￿ Newman Tumer {aprx)inied 23 Seplernber 2020) Mary O'Reilly {appow)le(1 14 December 2020) The quorum of Trustees at general meeb"n9$ Cannot b& kss than three Trustees present in person or by proxy. All day-to-day running decisions are made by the Senv)r M￿ageMent Te￿. The PrtyJu¢er is responsible for ensuring U)at the chafity delivers Ihe ser¥7ces speTrf*(l arvj that key perforrnan(% indicator5 are met The Finance Direcior is responsible for ensuring financial and administralive syslems. slandard$ and Pfacti¢e$ meet operalional and legal requsrements. Al artisb"c planning anil deu"Sk)ns are made by the Artislic Director. All Trustees give their lime vofuntarty and r￿1Ve no remuneralw)n of other benèfits Iiom tlie charity. Iumltsd ty Guarnntee) pay of Ihe senior staff aThJ aH slaff is r￿le￿d annualty and nomialty increased in acLordanrR wth average èamings to refleci a cost of living adiuslment. In vth¥ of the nature of the charity. the Trustees benchfflark a9ain$l pay leTrAs in other similar charibe5 of a similar soe operating in the arts sector. Risk Management A rtsk register has been dèvekyd, risks a￿ prKJriiised. and hvJh rate(l risks are discussed at each Board meeting. Should any high or exlreme risk become ewdenl in befv4eÈn Board meetings, the Pfoducer OT Management Team will inform the Tiustees and ag￿rnent as to action to be taken in mlkngat￿n will be a9reed by the majority ol Trustees by email. The Board of Trustees is sab"sfied that all major risks have been KI￿t￿led and that systems and actions are in place to mrb"g*e It￿e risks. As the cnmpany receives most of it5 Co-produdion lundFng aThl perfomiance lees in euros. one of 115 biggest firiancial risks is Kfjentified as bwng the flu(auab"ng ￿r[tA¢Y rates. In the annual budgets a sum is sel aS￿e to mitigate against this. As the COVID-19 pandemic continues to disrupt every aspect of lrfe, it is ineWlab￿ that we will face furlhèr cancellations. We are also aware that the full impact of Brexit has not yel been fert, and Ihis may yet impact further on our opeiations. The Trustees have contsnued to rec￿Ve financial forecasta and remain confident that the 1xJ￿ert1 level of reserves will prote¢t Ihe ccrfnpany from further bsses of knjring irwme o¥er the coming yèar. Related Parties There are no related parties gu*Jing the work of the Trust. The management of the company was undertaken by a team of 5 Departmental Heads who, abng wiéh the Finance Dire¢lor. report dirèetly to the Producer and Artisttc Director. From 2021.22 the management of the eompany is undertaken by a senior management team cornprising the ArtF5tK Dwector. pl￿1{￿er. Exe¢[At￿e Director and Fniance 01￿CtOr. Slat•m•nt of TnMt•••' R•¥pon•lbillli•• The trLtslees (who are also directors of Akram Khan Dance Company for the purposes of company lawl are responsible lor preparirtrg Ihe Truslees, Annual Report and the financial statements in aG¢ordance wlh applicable law and Unfled ￿'ngdOM Accounting S&wdard5 (Uniled Kingdom Generalty A￿epten. The trustees are responsib￿ for keeping adequale accounbng records that disclose wf¢h reasonablè accuracy at any time the financial posthcm of the charitable company and efgable Ihem to ensvre that the financial statements cornply wilh Ihe compan￿S Acl 2006. They are aLw responsib￿ for safeguarding Ihe assets ol the char¢table company and hence for taking rea￿able steps for the prevention and detectK)n of fraud and other irregularities. In so lar as the truslees are #Wa￿ th the b.me of awovin9 our truste8s' annual Teport.. . there is no re￿Vant inlofmatK)n, being infOrmath￿ needed by the audilor in c1jnnect￿n with preparing their rèport, of which the ¢harrtable companys audrtor is unawafe.. and . thè trustees. having made ènquiries of felk)w directors and the Charila￿ company's audilo¥ thal they Ought to have indivKJually taken to make themsefves aware ol any relevant audit information an¢J to establish that the au(litor 15 aware of that informatw)n. The trustees are responsible for the maintenance and integrity of the ¢x)rporale and financial inforrnat included on the charilable companls website. Legislation in the Unile(l Kingdom governin9 the preparation and disseminats.on of financial statements may drfler from kgrjation in otherjurisdKtK)n5. This report is prepa￿￿ in accordan¢¢ with the pro¥i$ron$ of th• Cofflpanies ALtt 20CiS relating to small compantes. This ￿port was approved by the Board of Trustees on 21 De¢embw 2021 and signed on its behalf by Gum•k Bakn• {Ch•ir) 10 Oplnlon We have audited the finanoal slalements of Akram Khan Dan¢e Comparry lthe'charitabte Compan￿ for the year ended 31 March 2021 which comprise the siatement of Financk?l Actrvrtles. the Balance Sheel. the Cash Flow Statement and notes to the financial statements. indudiny a summary of %gnrficant accounting pOI￿leS. The financial repwting framework that has been #ppliÈd in their prepaiaiKJn is applicable law arHI United Kingdom Accounting Standards. including Finan¢ial Réporb"ng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Iieland (Unrted Kingdoffl Generally Accepted Accounting Piacticel. In ouroplnloTh lh• fin•nci•l •I*m￿. - give a tr￿ and fair view of Ihe slate of the charitat4e czjmpanls affairs as al 31 Marth 2021. and of its incoming ￿SoUrceS and applicatKJn of reSoUr￿s, includiThJ its income and expenditure, lor the year then ended- - have proF*rty piepared in xc(%dan￿ wilh United Kingthjn Generally Accepted Accounting Praclice," and - have been p￿pare*l in a¢cordance wlh the requirements of the Companies Acl 2006. Ba•h for oplnlon We conducled our audit in aCCOTdance with Intemational Standards on Audiling IUKI IISAs IUKII and applKable law. OUT responsibilitEs under those stsndards aTe further described in the Auditorfs iesponsibilities for the audil of the financial statements seclK>n of our report_ We are independenl of the Charitab￿ company in accordan￿ vnth the ethical requiremen15 th* are relevant to our audit of the financial statemènts in the UK, induding the FRC'S Ethical Standard, and we have fujfilled our other ethical responsibilities in accordancè wrth these reqLb1￿Ments. We bel*¥e that Ihe audrt e￿den￿ we have obtained is SLrffiuent and appropriale to provxle a basis lor our opinion. Conclugiom rnlating to going con¢•rn We havè nothing to report in respect of thè f￿k}wry matteTS in relat￿￿ lo whth the ISAS (UK) Tequire us to report to you where.. - the Iruslee$' use of Ihe 90ing concem basts of a¢¢cwnlJ"n9 in the weparalK>n of the finantial statements is nol appropriate." or - the Iru$lee$ have not ¢Jis¢h)sed in the finwcwl ststem¢rts any Traentthed material un¢ertaint*s that may cast slonrf￿8nt doubt about the chanlable wnpangs abilrty to conb.nue to adopt the going concern basis ol a¢¢ounting a period of at least ￿e1ve months from the dale when the financial stslements arè authorised for issue. Oth•r Inforn4llon The trustees are responsib￿ for the olher informakn"on. The oiher infomiatth ujmprises the informatson included in the trustees, annual report. olher than the financial statements and our auditorfs report thereon. Our opin¥)n on the financial statemènts does not cover the olher infomiation and, except to the extent otherwise explicbtly s&*ed in our report. we do not express any forrn of assurance condusion thereon. In connecb'on wrth our audil of the financial statements. our respon5rtJilty rs to read the other information and, in doing so. considef whether the other Informal￿n t5 materialty inconsistent with the financial statements or our knovAedge obtained in the audit or otherwise appears to be materially mv3sl8ted. If we identify such material inconsislen(iés or apparent m¥iero1 misstatements. we are required to deteimFne whether there is a material misstatement in the financial statements or a material misstatement of the other information. If. based on the work we have performed. we condude thal there is a material misstatement of this other information, we are rewired to rewt that fact. We have nothing to rer#)rt in this regard. Oplnlons on oth•r pr••crfb•d by th• Comp•nl•• P4t 20 In our opinion. based on the work undertaken in the course of the audit.. the infomi8ts.on given in the trustees. rÈKx)rt (incorporating the directors, report) for the ￿anual year for which the financial ststements a￿ prepared is consistent with the finanoal statemenls", and - the directors, report has been prepared in aC￿rdance with ap[l¥￿ble le981 wuiremènts. IA•tt•rn on whkh TN• •rn v•WMd to rnportby •xopt In the IKJht ol our knowledge and understandiThJ of the charitable o)mpany and rts enwronment obtai￿￿ in tho ¢our$e of the audrt. we have not identified malerial misstatements in the directors. report. We have rtothing lo report in ￿SpeCt of the folow*vJ matters in reLaiion to which the Companies Act 2006 requires us lo report to you if. in our opinioft". - adequate accouniing records have not been kept. or retwns adequale for our aLhYif have not been received from branches not visited by us- or - the financial statements are not in agreemenl wth the accounliThJ records and retums., or - certain disdosures of ithrectors. reM(￿eratIOn specffied by Jaw are r*)1 made: or - we have not received al the infwmat*)n and exFdanations we rewire for tyjr audit,. or - the Iruslees were not entitkd to prepare the financ4al statements in accordance with the small companies, reoime and tske advantage of the small cofflpanEs' exemptions in preparing the diredors. report and frorn the requirèmenl lo prepa￿ a strateg¢ report. As explained more fully in the trustee$. responsibilrtie$ stslemenl set oul gn pages 9 an(1 10. the trustee Iwho are also the direciors of the thantsble Company for the purpose5 of ¢ompany lawl are responsible for Ihe preparatM?n of the financial statements and for being sab"sf*d that they give a true and fair view, and for such internal ccffitrd as the tnjstees detemiine ts necessary to enable the preparat¥)n of financial statemenls Ihat are free from material mssslalement. whether due to fraud or error. In prepanng the finanryal slatemenls. Ihe trustees are responsible for assessing the charitable companys ability to continue as a going ¢orKem. disdosing. as applICa￿e. matters related to 90ing con￿rn and using thè going concern basis of accounting unless the trustee5 either intend to liquidate the charitable company to cèase operations, or have no realisbG attemabve l)ut lo do so. Audliorf• vo•ponglbllltl•• forlh• •¥dttof th• fin•n¢knl ¥lat•m Our obJecti¥e5 are tt) obtain reasonable assurance about whether the financral statements as a whole are Iree from material misstatemenl. whether due to fraud or error, aTrJ to issue an auditorfs report thal includes our opinion. Reasonable assurancè is 8 lèvel of assurance. but 15 not a guarantee that an audrt conducted in accordance wrth ISA5 {UK) will always delect a malerial misstatemenl when il exists. IAisstatemenls Can arise from fraud or ewror and are ￿nSIdered rnaterial if. individually or in the aggregate, they could reasonabty be expected to ￿fluence Ihe ecoTr)fflK decis￿rts of users taken on the basis of these ffinancial statements. 12 A further description of (wr resrx)nsibllrt￿ for the audit of the financAal statements is lo¢aled on the Financial Reporting Council's websrte al". www.frc.o(g.uklauditorsresponsibilities. This description forms part of our auditorfs report. ol our rnport This report is made sokty to the charilable COMWYS members. as a t￿. in accordance with Chapler 3 of Part 16 of Ihe Companies Act 20C6. Our audit work has been undertaken so that we mght state to the ch8fitabJe companys member5 those matter5 we a￿ required lo state to them in an auditorfs reporl and for no other purpose. To the ftjllest extent permffted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charrtable ￿rnpan￿$ members as a body, for our audit work. for this reFX)rt. or for the opinitins we have fomied. Mr Gr•h•m B•rry FCCA18•nlor •tatulory audfffj For •nd on b•hallol Brncknwn & Compary Ch*rt•Thd Cortilt•d AGGountsnts 49 Soulh Mdton Street London W1K 5LH 21 December 2021 13 tsrlh•>w•ndod 31 I1•￿h 2021 Ta¥ Donakns and WrJeg. 15 613,078 813.076 507.257 7.257 Tl*aire. page 15 ertr*ry Sports(rfsho. P￿16 InveSkn*nts Olher. rrR- page 18 1￿.3￿5 ￿1.1￿) Xffj.383 1.117.W I.233,￿5 85213 105 85.213 136.016 1*.026 55.542 .IXI) 1.055.542 1.710.531 1.825,644 Exp•ndknr•offt: Raisifflg fLThIs FuAdiai&N4 Chaiitabfe artth". Th8*re-pag8 17 28250 28.Z 1.r(ffj.4 I,￿.43& 2.￿7,882 2.123.fK)5 Toill 1.034.669 l.QJ4.689 2,W7.w 2.123.C Il•t lexpond￿l•￿kn¢Wrn Il•eonellthTr DIf￿nd•.. {179.14n 2rA).Tr)J 20.653 1297,*11 (297.361} 2U8 1.019.649 1,019,649 543.141 2r1).￿ 743.141 7222e8 722,288 ILlmll•d ty G￿•fil•• 2021 2020 Grnnts Emergency COVltk19 funthrbJ HMRC Coronavirus Job RetentKin Scheme Arts Counryl England- NPO fvnding 509.821 s￿.610 509.821 500,610 DoTrallo Donations 18.569 6.647 18,569 6,647 613,078 507,257 Th•ats Thwtr• In¢om• UK pertorrnance fees International perfom)ance fees Co-production income Special educattrjn pwoiecls Workshops Management fees Fees receivable Other income 48.169 832.026 154.746 44,811 29,929 5.LKJO 3.166 109 6.728 1(￿,383 1.177.956 Pn>J•ct•p•cmc fundlrwj Imperial War Museums Blues Communications Garfield Weston Foundation Other grants 200,0 4.813 115,113 306.383 I.233.￿9 15 Y•ar•nd•d 31114￿ 2021 Sponsorshp- Colas 85,213 Theatre Tax Relief 136,028 136,026 16 ILknlt•d by GwrnThl••) Y•w •nd•d 31 Il•rGh 2021 2020 Prndu¢tlon ¢o•l• Oancers, fees Artistic director fees Producei fees Rehearsal costs Technical and creabve costs Set5 and costumes Sound, lighl and other technical costs Other production costs Touring cos15 Markelinglpromotion Dramaturgy Educatiorwworkshops Royalties 31.813 70.¢MI 70.C(KI 34.801 60,432 103,373 100,000 100,000 196,057 283,205 145,002 151,520 23,811 221,722 96,002 15,000 S9,678 62,159 4,4 25,038 21.745 76.634 397,872 1.557.529 Support and 90￿Mance costs- page 18 608,567 565.476 1.Lm￿.4Jg 2.123,005 17 2021 2020 Support c¢Ats Renuraleslroom hire Telephonelinternet Insurance Storage Equipmenvrepairslmaintenance Computer costs Depreciation of equipment 48,762 6.410 29.598 24.442 1.932 6.110 5.745 51,7rA8 8.790 21,989 21,169 3,935 8,617 6,749 122,999 122.955 Admlnl•knloTh co•t• Salaries and fees Social security costs Staff pension costs Staff weNare Work permit5 Travevsub5i￿ence Enlertainin9 Printin￿p0st39elStatIQnery Subsciiplionsnicen¢e$ Sundrie5 368.947 24.715 336,599 23,978 6,431 2.039 16.645 22.102 2.476 3.018 1,712 293 4.213 1,782 277 1.158 173 410,(M)4 415.560 Prof•MtoMbffinanci Research and development Legallprofe55KJnal Bank charges Bad debts Defi¢iV{$urpltJsl on ftyeign exchange 23.462 6.144 1.759 15,327 20.298 24.201 13.365 876 (25,6051 16.536 Gov•rnanc• ¢￿ts Ac¢ountanwlconsultancy Audit 6,425 4,000 10,425 608.493 565,476 Deficit on disposal ol langible fixed assets 74 608,567 565,476 18 31 Il•v¢h 2021 2021 Tangible assets 20,302 24.613 CurTrTht •¥••ts Debtors Cash at bank and in hand 337.998 672,368 869.722 511,337 1.010.3e 1.181,059 Uablliii•• Creditors.. amounts falliNJ duÈ wthin one year 11 (287.527) (483,384) M•1 ¢Un•Dt a•••ts 722.839 697.675 Tolal as••ts l••• eurrnnt Il•blllll•• 743,141 722.288 Th• fvndB of th• ch•rfty Unresiricleo lunds General lund - Designated funds 14 26,114 517.027 152.288 570,OCKJ 543.141 722,288 Restricted income funds 16 Tol*l clwity fvnd• 743.141 722,288 The trustees have prepared these accounts in accordancè wth sethon 398 of the Companies Act 2006 and sedpon 138 of thè Charrties A¢t 2011. These accou1￿ are prepa￿d in aLrordance with the special provisiofts of Part 15 of the Companres Act rekting to small companies and constitute the annual accounts required by the Companies A¢t 2006 an¢J are for circulalion to membe¥s of the company. The accounts approved ty Ihe Board of Trustees M 21 oe￿rnbel 2(r21 and signed on its behalf ¢3urn•k BAln• Ich￿1) The notes on pages 2110 29 fonn an integral part of Ihese ￿anci￿ staiernents. 19 2021 2020 162,484 {33,136} Ca•h Ilows from Inve•ttng •Gllvltlè•: Dividends, interest and rents from investments Pufchase of property. plant and equpmenl SS 11,508) 105 (13.886} N•t ¢a•h pvovld•d by Inv•8lm•ntacllvMS1• 11.453) {13,781) ChaThJe ¢n ¢ash at bank and in hand in the reporting per*)d Cash at bank and in hand at the beginning of the repwb'ng peri(xl 161.031 (46,9171 511.337 558,254 Cmh at bank and In hand atth• •nd of th• rnporfkn• p•rfod 672.368 511,337 A¢Gounthry polkl•• The financial statements have been prepared in accor(Jan¢e with Accounting and R0k￿￿ts.ng by Charit*s." Statement of Recommended Practice {issued O¢tober 20191 applicable to charities preparing Iheir accounls in accordance with the Fmancial Rep¢ytin9 Slandard applicable the UK and RepU￿1C of Ireland IFRS 102) leffeclive 1 January 2019) - ICharts"es SORP {FRS 10211, and the Companies Act 2006. The charity meets Ihe definit￿￿ of a putAK benefft enbty under FRS 102. Assets an¢J liabilrties are inttially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting polw noles. 12. Incomtng rn•ourc•• All in¢oming resources a￿ induded in the Statement of Financial Adivibes when.. - the charty is legally entrt￿d to the fLrnds - any perforniance conditions atlached to the Ir￿orne have been met or are fulty within the control of the charrty - there is SLrffJoent certanty Ihal recejpt of Ihe irthme is consMleret1 probab - the amount can be rdiabty measured Grantsldonalions are recognised in incomirrfJ resources in the year in whth they are receivab￿, except as folh)ws'. - when donors specfy that grantShlonat￿￿S given to the charity must be used in future accounting periods. the income is deferred unlj'l those per¥)ds - when donors impose condrtions have to te fulfilled bèfore the ¢harity becomes enirtled to use such income, the income FS delerred and not included in incxjming resources until the preconditions for usè are met. Thealre income income from t>ox office. performance fees and sundry other IheatrKal income is incltsded in incoming re50ur¢es in the period in which the rekvant Show takes place. Project speofic funding - when Oonois speth that d￿ationS and grants afe for partKular restricled purposes, which do nol amount to pie-condilions regard¥￿ entitlement. this incorne 15 included in incoming resources of restricled lunds when receNable. . In¥￿tm•filIneOfft• Interest on lunds held on deposil Ys r￿Ude{l Vrt￿n ie¢eivable and the amount can be measured Tel￿t￿Y by the charty", Ihis is nomially UFW notrficab.on of the inlwest paid or payable by the Bank. 21 forth• y•v•nd•d 31 IAu¢h 2021 1.5. Exp•ndlh All expenditure is indL*Jed on an accruals basi5 I￿K1$r￿e of any VAT whth cannot be recovered and is reco9nised when.. - therè is a leW or constructive obligatw)n to make a payrnent it 5$ probable that settlemenl will be required - Ihe amount of the oblNJation ¢an be measured reliably . Costs of rnknlng fwMI• Costs incurred in attracting donations. aThJ those irKLwred in tra￿￿g aclvths that raise funds. . Ch•rft•bl• a¢llvlli Theatre production costs- costs incurred in product￿￿ ano running of produ¢tK)ns toured in the year. - Supportco•ts The administrat￿9 arKJ ovwhea(I costs asso¢iated with running Ihè office from which the company operates as well a$ 9ovemance ￿Sts. Surp>1 ¢osts are wholty attnbUtab￿ to theatre production ¢osls. Costs assoaated with the constitu￿nal and staluw requiremenls of the charity. 1.& Fund accound Funds hèl¢J by the charty are èrthÉr- Unrestricted geneial funds - these ar* fuThJ$ *hth can be used in accordance with the charitable objects at the disuetTron of the trtIst￿. Designated fund5 - Ihese are unre5tricled funds of the charity which the trustees have dechled al their discretion to set aside io use for a spe¢fft purpose. - ResIr￿ted funds - these are funds Ihat can onty be used for partKxJlar reStr￿1ed purposès wrthin the objects of the chanty. Rest1th￿S arise when sperj￿ by Ihe donor or when fuThJ$ are raised for particulai restricted purposes. FLMther eXplanat￿n of the natu￿ aKI puiFK)se ol each knnd is A)duded in the notes to the financial stslement$. Indiwdual fixed assets costing £11X) or more are capitalised at cost. Oepreciation is prov¥Jed at annual rat¢s calojlated to wrile off the cost less residual value of each asset ovèr.its expected useful lrfe, as foll(Mts". Plant and mathinery Ftxluresffittingslequipmenl 25% ort reducing balance 25% on reducing balan 1.1. O•bt•rn Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are Valued at the amount prepaid after taking account of any trade discounts due. forth• y•ar•nd¥d 31 IAar¢h 2•21 1.7. Pnbductlan Go•ts kn *dv•n Costs incurre¢J in respect of a theatre prc¥JLthn wh￿h opens in Ihe following accounting period, and which are lo be paid out of general UnresIr￿#ed fLtnds. are carried fmrd al the balance sheet dale. IA. C••h at bank and b) h￿d Cash al bank and in hand includes cash and short tenn hi9hty Ih]uid investments with a short maturity of three months Of less from the ¢Jate of a￿￿1$11￿ or openK)g of the deposit or similar account. Creditors and provisions are recognb5ed where the ¢*awty has a present obligation resutting from 8 past event that will probably resull in Ihe transfer of funds to a third paty and Ihe ainount due 10 5etUe Ihe obligation can be measured or estimated relobly. CredrtOTS and PTOVtsions are norrnalty recognised al th￿1 settlemenl arnount after al￿VA.￿9 for any trade discoLsnts due. 1.10. P•n•lon• The company operates a defined con1ribut￿n stheme fof the benèfft of its employees. cOntribut￿nS payable are recognised as expenditure when due. 1.11. Fornlw ¢urv•ncl•• Monetary a55els an¢J l￿bIlI11eS denominated in foreydn ￿lIen￿S are translated into sterfing at the rales of exchange ruling at the balance sheet date. transactions in forwgn CU￿ncIeS are translated al the date of the Irartsa¢ts>ns. all gans and k)sses on exchange are written off in the income and expenditure account. 1.12. Flnanclal In•tnM The charity only ha5 finantyal a$sets and financial liabilit*s of a kind that qualrfy as basic financial instruments. Basic financial in$trumÈrts are inrtAly recognised at transacaion value, and subsequenlty measured at their settkment Value. 1.13. Slgnffic•nt A¢counting E*limatJ• ar￿ Judg•mwrt• In determining the carrwng amounts ol certain assets and ￿abilit￿S. the charrty makes assvmptK)n$ ol the effects of Ltncertain fvture events on Ihose assels and liabilrties at the balance Sheet dale. Thtr charivs estimates and aSsumptw￿S are based on hislorical experience and expethlion r)f lulurè events and are reviewed annualty. Inmmlng r••ouM• The total theatrical income for the year has been derNe(I frryn the pnncpal acti￿ty. The prop)rtion of theatrical income derived trom OLrtside Ihe UK amounted to 12020. 61%}. 2021 Theatre Tax Relief (TTR) 136,026 23 (L&nh￿ by GuaAnts•) 2021 2020 tat•d aft•r ¢h*rylng: Depreciatthjn of tangible fixed 35sets Deficit on disposal of tangible fixed a$set$ Deficit on foreign exchange Audrtors, iemuner8bon exlernal audil - other services 5,745 74 20,298 6.749 4.ThJO 2.825 and aft•f ¢rndlllng: Surplus on foreign èxthange 125.605) The Irustees f8ceNed no remuneration durffig the sear (2020- £ra0. The aggregated amount rewnbursed to truslees 0Jri￿ the Jear was £nil (2020- £nll. 24 for th• y••r•nd•d 31 IA•v¢h 2021 2021 2020 Salar￿$ and wages Social seujrity ¢OSts Pension costs 317,638 24,715 6,9JO 270,097 23,978 6,431 349.253 300,506 No employee eamed £60,000 or more dumg the {2020- £nd). The key management personnel of the charity comprise the Trustees and the SenK)i Management Tèam. The toial empbyee benefts aThJ fees ol the key rnanagement personnd of the charlty were £553.[￿6(2020- £552.85n The average numbers of employees {1￿u￿1n9 ￿Ual and part stsffj during the year was made up as follows.. 2021 Numb•r 2020 Numb•r Product¢on Support 10 10 The company operates a defined conln"bution pensK)n stheme in respect of ils employees. The scheme and rts assets are hehj by independent managers. The pènsion char9e represents contribuiions due from the company and amounted to £6.90012020- £6.431). The eharty is Èxempt Irt)m lax on income and gains falling within secI￿n 505 01 the Taxes Act 1988 or section 252 of the Taxakn"on ol Chargeable Gains Act 1992 to the extent that these are applied to its tharItab￿ objects. 25 lor th• y•tr•nd•d J1 2021 FI￿r•$I fftllw •qulpm•nt m•¢hlw Totsl l April 2020 Addrtion5 Disposals 40.469 21.303 1,508 61.772 1.508 18601 {8601 31 March 2021 39.609 22.811 62.420 Ihprneknllon 1 April 2020 On disposals Charge for year 24,523 17861 3,347 12.636 37,159 1786) 5,745 2.398 31 March 2021 27,084 15.034 42,118 31 March 2021 12,525 7,777 20,302 31 March 2020 15.946 a,￿￿7 24,613 10. 2021 Tradè debtors Other debtors Production costs in advance Prepayments Accrued income 113,883 17.963 15,500 lo.￿2 179,750 502,554 16,887 118,221 337,998 869,722 (Lknlt•d by Guarnnts•> fwth• y•ar•nd•d 31 *rGh 2021 11. Cr•ditoY•: amounts tsllng T*lthln on• ymr 2021 Tiade creditors Other taxatk)nlsocial security Other creditors Ac£nJals Deferred income (note 121 84.678 79.361 6,486 5,813 117,749 273,97S 3.843 40.$03 151.655 287.527 463.384 12. Balance at 1 April 2020 273,975 Amount relèased to incomin9 fesoL*ces Amount deferred in Ihe year {273,97SI 151,655 Balance at 31 Mor¢h 2021 151.655 Defwred income rebtss to theatre in￿rne re¢ei¥ed in advance. 13. The private ccrfnpany is kniled by guar￿tee. rwstered in EW - England and Wales. and does not have a share capital. Eath member gwes a guarantee lo contribute a sum. not exceeding £1, to the mpany should il be wound up. At 31 Marth 2021 ihere were 10 members. 27 BN)ughl In¢omlng Iwng Trnn*f•rn C•nl•d fornaro General fvnd Designated funds". Ringfenced rese￿ lund Project fund 20th Anniversary fuThJ Le9acy proJ¢d$ 152.288 855,542 (993.7551 12,040 26,114 250.0 250.0 70.CiKI 250,0 250,OCK) 140.9331 I29,(￿7) 17.027 17.027 722.288 855.542 11.034,689) 543,141 Rlngf•n¢•d fund This fund represents a r¥Jnfenced amount ewivalent to a three month pr￿5￿ should the ¢ease operating. Prnl•ctfund Having used a lot ol our txg o>producer contxis to fund Xenos. we L¥eat8d the project fuThJ to underwrite the costs of future projects wh￿h may require a higher kvel of f￿ding. This fund has been r￿gfencefl for the charitys 20th annr¥efsary cAebraiion in 2020. for vthich acb'vities include a book ant1 a retrospeckn.ve of Akfam'$ woth. L•g•¢y prnh Oui desgnaled Leg8¢y fuThJ supports *bSli¢. ￿￿liOnaI and training proJeci$ that ensure ihe ontinualion ofAkram's CPKWraph￿ legacy and AKC values. Carrl•d fomnl r••ouvea¥ fonvard Pro9ramming 21)0.000 200,000 Programmlng Funds received from Garf￿1￿ Weston FoUndat￿n Weston Curture Fund towards Programming. especially the crealjon and ￿hearSal of Jungle Bc¥)k. due to prem*re in April 2022. 28 forth• y•v •nd•d 31 Il•r¢h 2021 G•n•rnl D•Blgnat•d R••tiicl•d Totsl nd• Fund balances at 31 2ff21 are ￿presented by.. Tangible fixed assets Net current assets 20.302 5.812 20,302 722.839 517.027 200.000 26.114 517.027 200.000 743,141 17. Al 31 Mar¢h 2021 the company ha(5 tolal future commilments under non4an¢ellabb operating leases as lollows.. 2•21 21120 Within one year Betsveen ¢)ng and fi¥e yeats 23.069 46.138 39.248 69,207 43,791 During the year the Company had no related pty trans8th￿S Ihal reqUi￿d disdo$u￿. 19. 2021 2020 Net incomel(eXpendbtU￿) for 11 reporting perKx1 (as per st*ement offinanrial ath"vrt*sl Depreciation Div*Jends, interest and rents from ir)vestment$ Lossllprofill on the sale of fixed a55ets Ilncreaselldec￿a$e in debtors {De¢reasellinuease in credrtors 20.853 1297.361) 5.745 1551 74 331,724 {195,857) 6,749 {1051 156,912 100,669 N•t ¢a8h Inlkn from op•rallng actm 162.484 133,136