Company number 04342933 Charity number 1169593 kram Kh•n Dance Company (Limited by Guarantèè) Report and Financial Ststements for Ihe year erNl8d 31 March 2023 *ACIZVPYW• 2Y12f2023 COMPANIES HOUSE A07 Breckman & Company Lld Chartered Certrfied A¢¢ountants 49 South DAollon Strwl LIdOn W1K 5LH
JLram Khan Dance Company (Limited by Guarantee) Contents Page Reference and Administrative Del1$ Trustees, Rgport 3-10 Avditors. RepLYt Statement ol Financial A¢tivities (in¢1¥ng Inc¢yne aThJ Exp&nditure A¢countl 15-18 Balance Sheet f9 Cash Flow Statement Not•s to thè Financial Statemènts 21-29
AAm Khan Daneo Company {Limited by Guarantee) Refèrence and Administrativè Det•ils ConstitLrtion The charitable company is a private company limited by guarantee iegisiered in EW - England and Wales, company number 04342933 incorp)rated undef the Companies Act and its governing document is its MernoraNdum and Articles ol Associaiion. The company is a registered charity. numter 1169593. Directors and trustees The directors ol the charitable company (Akfam Khan Dance Company) are its tnjsiees lor the purpose ol chafity lav• and throL59hout thbs repwl are Cdlecknvpty referred lo as the truslees. Policies and Fycrkdures athpted Iof the ict)n aThJ tr&niThJ ol trusteès are ongoing and incorporated indirectly into the regular trustees meetings. The trustees during Ihe year and sirce the year end. were -. Anais Agverre GLrrrek 8w.ns (Chairl Emma Chfistina Birehall appointed 16 September 2022 Victla Leanae Brown appointed 16 September 2022 Anita Kirpal aFpointed 17 June 2022 M*¢hael Cohen resgaed 16 September 2022 Nicole Newman Tumèr Mary O'Reilly Oipali Sahni Jeremy Shakerley Denis Shafranik Ri¢k wenort Secretary Jane TaWor-Holmes Artistie Director Akram Khan Producing Director Farooq Chaudhry Day to day mana9ernent Jan Hart IFinance Direclorl Isabèl Tamen IExeryit"vè Direclorl
Aklam Khan Dance company (Limited by Guarantee) Refernnce and MinIStrative Detslls Auditors 8reckman & Company Ltd, Chartered CerDl*d A¢counwts. 49 South Molton Street. London WIK 5LH. Bankers HS8C, 25 IslirKJton Higtt Street, London N1 9LJ. Solicitors Bates Wells, 10 Queen Street Pla. Lonth)n EC4 1BE. Registered office and opgration address Somersel House, West Wing, Strand. London WC2R 1 LA.
Akram Khan Dance Company (Limited by Guarantee) Trustees. report The Trustees present their annual report togethef wilh the financial statements of the ¢harty for the year ended 31 March 2023 whtch are also Pfepared lo meet Ihe requirements for a Directors. report and accounts for Companiès Act piirposes. The referen¢e and administrative details set out on page 1 forms part of thts report. Tfie financtal statements Gompty wrth Charitiès Aet 2011, the Companies Act 20C6. the Memorandum and Article5 of Association and Accounting and Reporting by Charihes" Siatement of Recommended Piactice applicable to tharities preparing theii accounts in accor¢Jance wrth Ihe Financial ReportFng Standar¢Y applicablè in the UK and Republic of IreL7nd IFRS 1021. ObiÈetive$ and activities Since Akrarn Khan Company {AKCI was founded 0¥8r entY years ago. our uncompTomising ¢ommilment to excellence. innovation, diversty and artisti¢ risk has positioned us as one of the most influential and successful dance companies in the UK and the worfd. Our productions range from kathak and modern solos lo artist-to-artist collaboraiions and ensemble works. A milestone in the Company's journey was the creation of a seGtion of the London Otyrnpic Games Opening Ceremony in 2012, perfomied by Akram and frfty dancers and seen by over two billion people worldwide In re¢ent yesr5. we ueated high-quality family and chikyren-friendty versions of Qui larger productions. which have had Iremèndotss UK and global 5ucce5s in nurturing an appreciation ol dance by youngef audiencès. The Company was founded bn 20C(I by dancerlchoreographer Akram Khan {British born ol Bangladeshi descRntl and producer Farooq Chaudhry Ibom tn Pakistan. iaised in the UK). As South Asian men who have 5ttad(Jled h¥0 worfds throv9hout their personal and professional INes, they have transcended Jrtural labelling and. as a c4)nsequence. created conlemporary dance work that champions uniwersalism. What mattels is 'story and not colourf and, further slill, 'my story 15 your 510ry. Our sucGe55 has been achieved through the combination of dual leadership. unflinching artistic ambition and enlrepreneufial business acumen and we continue to build on excellence, urtivèrsal appeal and experimentation We Work across disoplines wrth an intematK)nal team of Ihe best pfofeswonals ai all levels- artists. technicians and administrators. We take risks, think big, explore the vnfamiliar. avoKI compromt5e and tell stories through dance that ale Compelling and reWant. with artisb"c inlegcty. The objects for which the Company is estalS*d. as set out in the goveming (Jocument. afe.. To advan the arts and culture for the benefrt of the general public by promoting. in the UK and internationalty, modem dance and Oiher art fom)s induding. wrihout limitation. films and Mus. wrth partUlar. but not exdusive. referen 10 touring performances and to the work of Akram Khan. ark To advance the educaiion of youn9 people, dance practitioners and the general publi¢. with particular reference io the 3rriStiC Wofk of the Charity, particularty. but not exdusively. through the provision of workshops, classes and performances. purpose and aims of Akram Khan Dance Company are intended for the bÈnèfft of the public. The Company engages the public through the creation and Publ performances of high qualty, cutturally relevant artistic work, and thfough ed(tIOn and legacy pioiects. In shaping our objectives for the year and planning oui attrtieS. the trustees have considered the Charity Cornmission's gutdanc£ on public benefft. induding ihe guidance 'public benefrt." running a charity IP821.
Akram Khan Dance Companv lknmited by Guarantee) Trustees. report Achievements and perfomiance The ¢ornpany's touring schedule remained voktile due to the COVID pandemi¢ and èver£hanging mandatory quarantining lestrlI$ worldwide in Ihe 2022123 financial year (April 22 - March 231. We continue(1 lo rnonitor Ghanges lo Governmeni gusdan¢e. and adapting our plans as needed trying to Postpone perforrnances or proiects as much as possible rather than accept hard cancellalvjns. The Company delivered a total of 106 perfomances acros5 92 venues in 17 countries within the year. Xenos Due to the risè of the Omiuon variant IA Indsa, the perfoimarKes li Mumbai weie postponed trom Juty to November 2022. unfortUn*e. these performances were unable to happen in November due to the diffwlt financial situation in India and have been postponed to Ihe 2023124 financial year. Akram delivered his very last performances of XENOS at NCPA Mumbai {24 8 25 June 20231, markin9 the official end of his performing career. Chotto Xen There were 11 performances a¢ross S venues wrthin the 2022123 financial year. 3 pèrfomianees were cancelled. The final performances of Chotto Xenos were deliver in Pama Iltatyl on 10.11 & 12 of Nov•mber 2022. utwittin theD There were 8 performances across 5 venues tArthin the 2022Q3 finanual year. The performances Ingolsladt IGermanyl on 25. 26 & 27 of Odober 2022 were meanl to be the final pèrformances of this productyon. although Outwitting The Devil relumed as a slandak)ne engagement at the Shanghai International Festival in Oaober 2023. Kaash Revival There were 4 UK performances of Koash within Ihe 2022123 )Snawal year. Jun le Book Reima ined After the world premiere al Curve Leicesler on 7 of Aprjl 2022. Ibe were 79 Ferfomiances across 28 venues within the financial year. L•gacy projects We deliv?r¢d workshops across 78 sessionsldays engaging wilh 719 indival$. induding 149 participants in the UK. Our workshops were delivered to an intematronal audience in 13 different o)Jnlriès around the world from the UK and Europe lo Asia. Teacher trainin In September 2022 we began a 2-year Teacher Training programme. fvnded by the Paul Hamlyn Foundation'Teachèrs' Devek)prnent Funrt. to develop dance Wrth schools In the London Borough of Tower Hamlets. The project is managed and delivered by Emma Bellerby. a dance education specialist, who eame into the new role as Creative Learning Manager tn September. We are working with five schools (including Spec1 Educational Needs dasse51 to introduce the Akram Khan Company approach of (Sance-rnaking and storytelling to tea¢hers. supporting them to become leaders of dance in their own schools. Working In partnership with each School. we ale contextuali5ing dance lor lea¢hers
Akrarn Khan Dance Companv (Limited by Guarantee) Trustee< port and exploring how lo CoreCt rt to the currrculum ir) a meaningful way. Our ambitious aim is that dance will continue to be a key part of the curriculurn once the project ends. allowing the legacy of this spe¢ial project to continue. From Septembef io Mard). we delivered 113 sessions. leathing workshops to our cohort of 10 tea(er5 and approximatety 300 ¢hildien on a regular b8sis. This is a new way ol working forAKC. our first ever sustained. hyper-l¢xal projecl that is building extended partnerships with 5chool$ in Tower Hamlets. Summer Intensive 2 Ifast AKC collaboraled with Theatre and Dance Nl. Northern Ireland's reading support or9anisation for Theatre and Dance. and the MAC Bellast. Ihe cultural hub and beacon for the tsngoing re9ener#tion of the crty. to host the Intensive In their awartj-winning venue in BeKasfs C#ihe¢Jral Quarter. Under the dirèction and mentorship of Akram Khan and Mawn Khoo, and AKC assouate artist Joy Alpuerto Ritter, 30 selected participants were given a unique opportunity t() chaInge their own praclj'ce. immerse themselves in a creab.ve procèss and broaden their artistic horizons during a stx-day prograrnme. Th¢s edilion expanded Into a choreographic lab where 3 carefully curaled choreographers had the opportunity to explore and develop their idea5 and their process with part¢Gipanls in the studio. a5 parl of their artisb"¢ iourney. Following AKC'S commitment to Sup[ the rbew generation of dance artists. ihe Summer Intensive fees fof the 30 partirypan15 were entirely covered by AKC and TONI, as well as local subsistence costs. ci sical In nsiv n¢Ji AKC'S second Classical Intenswe. Seeking Satori, was a svx4lay Immersive training programme and mini lecture-demonstrations fèstival Ihat took place in Kumbakonam. Tamil Nadu. AKC inviled 12 Bharatanyatarn dancers and 12 Kathak dancers based in India to immerse training and en9age in a dialogue beeen generatt>ns of Intjian Class1 (Jan¢ers. alongside 25 highly-esleemed musicians, observers and guest artists. Following AKC'S ¢ommitment Its support trte new generation of danc artists. the Classical Intensive programrne (par1panIS fee5, local expenses. artists fees) was entirely funded by AKC tn partnership with Saraswatham FOundatn and EnArl Consulting. Sk Arts Yèar Z Following the SUesS of Ihe Artist-(Jevelopment programme that we developed last year with Sky Arts, lo provKle support and mentoring to developing artists. we were lucky enough to secure furthef ftjnding from Sky Arts, and this year we chose to work wrth 3 artists on their respective creation project - Mythili Prakash for her 5010 work. and Joy Alpuerto Rrtter and Hannes Lang0 on their duet. This programme gave these artists the opportunrty lo lurther develop and produe£ their projects. The programme once again provided finarrial 5vbsidy l£11.000 pec proJe¢tl. one-to-one mentoring se5siofbS Wlth Akram and Ihe AKC team. and an audio-wsual documentalion of theif process and mentoring relationship with Akr8m Khan. Oigilal Engagement Building on the Company's Su$fUl engagement strategies durtng the pandemic. our MmMent to digital infciatives remains pivotal in complimentin9 the narratives brought to lrfe on stage. Cla sical intÈnswe In te 2022123 year of oyr digttal ioumey. the Company'$ 2022 Summer Intensive was documented by Ouf video artist Maxiffle Dos. Through five engagifi9 bile-size fdrns, we chronided the week'5 &xperiences. sharing thern daily. The impact was significant, gamering 30.3k impressions and leaching over 133k on Instagram, as well as 79.3k impressions and a reach of 75k on Facèbook This immersive journey culminated a compellin9 documèntary. synehronised with the launch tsf thÈ re-dèsigned AKC website in oober (from 19 O¢t- 31 March 2023 5.3k views).
Akrarn Khan Dance Company (Limited by Guarantee) Trustees. report Soaal medi As we navigate the evervofving landscape of swal rne<lia. our online preser has Ilourished across Facebook, Instaglam. YouTube. and Linkedln. However, rt 15 worth noiing a marginal decline on Twitter. refiec¢ive of the widespread exodus following Elon Musk's takeover and the subsequent transformation olthe pl3tfotm_ Despite this. our Instagrarn comrnunity has seen SignifnI growth. with irnprovements in reach. impressions. and engagement compared to the previtsus year. We are dediGated to navigating these shifts and continuing to connect with our audience a¢ross all of the five platforms wrih lots of other content tspportunities planned lor the subsequent financial year. Financial rgview The Company is funded by Arts Council England and has received regular annual funding for 17 year5 It is Currently a National Portfrjlio Organisation, and 2022-23 was the first year of a thrèe-yeaf funding agreement which runs from 1 April 2022 to 31 March 2026. The Company reports to ACE through quarterly rnonitoring and an annual slalistical suryey and rewt. The majonty of the rest of the Company's resources are generated through earned acliwty income. principally internatn31 and UK touring. Because of our strong and relatwely profftable international tounng profile and good relationship wilh c0-prodUr5 we have only a Itmited reliance on conlributed income. We have con51Stently exceeded forecasts lor co-produGlion funding lindudecl in our earned income figures) which subsidises the production costs of a nÈw work Our finanoal pkinrung and les11Er ale held up as a model Iw good business planning within the dance industry_ As th8 arts world continues to relum to a Semblan of normahty after the devast8ting efiects of the COVID-19 pantjemic, we have had to leam to Davate an emerging new wortd. Live theatres an performances have been slow to re-establish. venues have less money and are dealing with audiences with new and different expeclations. and louring conditions are rnore ¢hallenging, especially when we factor in the post-Brexit effects on Brblish companies and European tourbng. Thanks to a dedated hardworking team. despite reduced income auoss all of our shows, we were able to bring the year to an end with a f1nanoal out-tum thal was not far off ouf original target. We have concentrated on reduang operational costs. in order to prolÈct the artistic vision and output Res The existing polity is fcr Ihe Company to maintain a consistent levèl of ringfènced fÈseNes. equwalenl to the value of 3 months of shutdown costs. which cuirenity stand5 at £250k. Restnetèd funds This year we recewed £15,000 from Bntish Council which is to fund a standalone project In Bangladesh to lake place in a future year, possib 24-25. We also receNed from the Paul Hamlyn FourKlaiion. via the Lansbijry Lawrence school. 10 5UPPOrt a teacher training projèd in the London Borough of Tower Hamlets. The project runs from I Seplernber 2022 to 31 August 2024_ 7 months of the ltsnding was Ilocated to the 2022-23 yeai, and the tsnspent balance retained In a restricted fund The proporti¢n of five months. belonging to April to Au9USt 2024. ha5 been deferied. Total restricted lunds Carried forward into 2023-24 were £19,457. Desi nated funds During the year. we moved £20.OC(J to thè Lègacy designated fund, in or(ler to underwrite the ¢osls of the Classical intensNe in india, whth could nol have taken place wrthout this support. tl was felt that the beneffits ol running the projecl far 0Ueahed the impact ofthe kjss irUr(ed.
Akram Khan Dance Comparry (Lirnited by Guarantee) Trustee5' report As intended, we used up 8rovnd 80% of our desigftated project fund to underite thè costs of Jungle Book This included the restricteil fund$ held from Garfield Weston. the Genesis fund and individual donations. TOL81 design8d funos ca¥ried forward into 2023-24 were £342.798. The balance of our reserves of £142.002 15 held as working capital and the Truslees agreed that this continued to provi¢Jè us with a slrong loundaiton io lead into the 2023r24 finanoal year. Risks As thè eompany receives most of ts co-production fundino antl pèrfo[mar fees in euros, one of ils biggesi financial risks is ideotrfd as bèing the fluctuating oJrrency res. In the annual budgets a sum is set aside to mitigate against this. On an operational level. we conb.nue to be aflected by visa 3nd work permit Issues caused by Brexit, and increased costs of shipping equipTnent auoss Europe. Plan$ lor future periods We create Ihoughfful, provocative and ambitious dance productlons for national and international stage5_ Akram Khan takes human ihemes and works wilh world-class collaborators to tske them to new and unexpected places- embracing and working with olher wltures and disciplines. By focusing on excellence and irtnovab"on. whi15t Temaining revant and pushing the boundartes of the art form, we are comrnitted to reaching rtew audiences and supporting the development of growing talent - with rts dance langua9e rooted in Akram Khan's claSsal Kathak and Conternpary training. Our Wtsion. Mission and Values are.. Through thè meets'ng ofworlds, we invrte people to see, dream and reflect on the beauty and ¢omplexty of being human. O¢Jr core values are-. Courage Curiosity Caring Collaboration Connection These values are reflected throughout the rMpany." in Qui woductions, our digital and Legacy projects, OLbr organisational structure and in the worl0le relationships we build and maintain with artists, coltaborators, venues. festivals and fundeis. After last years successful S¢Jmmer lrttensNe r$e at Mac Beffast. Ihe Company was delighted to continue io nurture rts latIOnship wrth Ihe venue by iemounling the solo. Chotto Dgsh, from 28 August lo 15 September 2023. This production wtll be available foi Intèrnational and UK touring from rnid- September 2023 to 2026. We will continue to tour Jvn9le Book reimaginedthroughout the 2023124 finanoal year. The production receiving Strong gksbal touring interest and bookings are confirmeil up lo July 2025. with a three-week lour in Japan. XENOS, OuhvAthng Ihe Dew"l and Gholto Xer$ have come io the end oftheir touri cyde. The Company has been commissioned by Ihe Royal CommissKJn for Alula to develop a unique world- ¢lass dan<* performance for Wadi AiFann FèstNal 2025. Akiam Khan will collaborate wlh Visual Dire(xor Manal AIDowayan. Composer Adtya Prakash and Sound DeswJner Gareth Fry, to create
Akram Khan Dance Company (Limited by Guarantee) Trustees. report choreographic matefial fof Ohtkra (working tille) wrth a cast ol inlernational dan($ whose techniques and cultures are rooted in Western contemporary dance and Bharaianatyam. The projectwill 5howca5e the creative communities in Alula and more widely in Saudi Arabia. Ihrough their contribution to the thoreography. music. and stageuaft. Led by Saudi artist Marwah Almugart, in collaboration wrth Akram Khan and Manal AIDowayan. communty integratson will be dele through workshops, Ir8Éning sessions and lectures. This new production continues tne Company's cornmitment to creaEing transformative experience5 while also preserving Ihe environment by prioiitising eco-In"eTrdly materials, using reusable and fecyclable ilems in our sel design and production and working Gb5ely with local artisans in Alula to ensure that our sets and costumes are sustainable. The rehearsals lor the indoor theatre adaptation are expected to take pbce in Finland (Helsin Dance House} in February 2025. Helsinki Dance House, Sadlers We11s, Theatre de la Ville. Paris and Sydney Feslival have committed as co-producers lor the door adaptation ¥eNon of this production. Structure. 9o¥emanGe and management The organisalion is 3 chantablè company limrted by guarantee Incorporated tsn 19 Dember 2CKI1, amended by Special resolution on 24 Septembèr 2016 and regisleret1 as a charity on 11 Octobèr 2016. The company was established under a Memorandum ofAssouation, which eslabltshed Ihe obJ"ect5 and powers of the charitable company and Is governed under its ArtS of Association. In the event of the company being wound up rnembers are required lo contribute an amount not exceeding £1. A full review of the Memorandum and Anides ofAssoaah"on was undertaken during 2016. This ieview ensured that the Governing document continues lo be fit for purpose. Board makeup of skilts 15 regularfy eewed. partularly when a member resigns. and people with strengths in areas less represented on the board. are put lorward. In mosl instances, the ¢hoi¢es are approved by all members and the individual is usualty appfoached initially by the most ielevanl Board member, often the Chair. On appoiniment Tiustees are 9Nen Ihe C(xnpany's Memorandum and th.ctes and most recent business plan. plus the m05t recenl minules and management accounts. The Trust currently has a Board of Trustees of seven member5. who meet on an average ofonce every 3 months. The Board is responsible lor Ihe strategic direction. the polioes ol the chanty and for reviewing its financial affairs The Board has members from a variety of professional backgrounds relevant to thè work of the charity. The quiyum of Trustees at genèral meetings cannot be less than three Trustees pre$tt in person or by proxy. All day-to-day running de¢isM)ns are made by Senior Management Team. The Producer 15 responsible for ensunng that the charty ¢Jelivers the 5eryices specified and that key performance indicators are met. The Finance Director is responsible For ensuiin9 financial and administrative Systems, standards and practices meet operational and legal requIents. All artistic planning and policy dècisions are ma¢Je by the Artistic Director. All Trustees grve their time voluntarity and receive no remunèration of other benefits from thè Charity. The pay of the senior staff and all stsff is reviewed annually and nomalty Freased in accor(Jance with average eamings to reflect a cost-of-living adjustment In wew of the nature ol the charity, the Trustees benchmaik agatnst pay levels in other svnilar charilts of a simiL4r size operating in the arts $ector.
Akram Khan Dance Company (Limited by Guarantee) Trusterf, report Risk Managennt A risk register has been developed. risks are prioritised. and high tsted risks are discussed at each 8oard meeting. Shovld any high or extreme risk become evident in befvrfeen Board meetsngs, the Producer or Managernent Team will inform the Trustees and agreement as to action to be taken in mrtigation will be aged by the majority of Trustees by email. The 8oard of Trustees is satssfietl that a15 major risks have been kyentified and that systems and actKJns are in pLace to mriigate those risks. Related Parties There are no related parties guiding ihe work ol thè Trusi. The management of the company 15 undertaken by a senior management team comprbsing the Artist Direuof, ProdueirMJ Director. Executive Diredor and Ftnance Director_ Statsment of Trustees, Rèsponsibilities The trustees (who are also dwectors ofAkram Khan Dan( Company forthe purposes of¢ompany lawl are responsible for preparing the Trustees. Annual Rew and the finanoal statements in accordance with app11cable law and Unbled Kingdom A¢¢oiJnting Standards (Uniled Kin9dom Genefally Accepted Accounting Praclicel. select suitable attounts.ng poliaes and then appty Ihem consistently.. observe the meihods and principles in the Charities SORP 2019 {FRS 1021.. make judgements and eslimates that are reasonable and prudent", state whether applicable UK Accounlin9 Standards have been followed. subject to any malerial departures disclosed and explained in the financial staiements", prepare the financial starements on the going concern basis Un$5 it is inappropriate to prèsume that the charitable Company will ¢tsntinue in opèraiion_ The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financtal posrtion of the charitable company and enable them to ensure that the financial statemenis compty wrth ihe Companies Act 2006. They are also responsible for safeguar¢Jing the assets of the charitable company and hence for laking reasonable steps for the prevention and dete¢lion of fraud and olher irfegularities_ In so lar as the Iruslee$ are aware ai the lime of approving otsr trustees, annual port-. there is no rekvanl information. bw'ng infofmation needed by the auditor in connecth?n with preparing their report, of which the charitablè company's auditor F5 unaware", and the trustees. having made enquiries of fellow directors and the chaniable cornpany's auditor thal they ought to have indiwdually taken lo make Ihemselves aware of any relevant 8ud4t information and to establish that Ihe auditor is aware of ihat infofmaborn. The trustee5 are responsible for the maintenance and integity ofthe corporate and financial information include(l on thè Charitable company's websrte. Legsslation in the United Kingdom 9overning the preparation and disseminatron ol (anCIal slatements may drffer from legislation In Oiher juri5di¢lions.
Akram Khan Dance Comp* (Limited by Guarantee) Trustees. Trptyt Small Company Exemptions This repm is pPared tn accordance with the k¥ovisv)ns of the Companies Act 20[ latift9 to small cornpanies. This report was approved by the Board of Tnjstees on 15 December 2023 and signed on rts behalf by Gurnek eains (Chairl Twste• 10
Independent Auditors, R•port lo the Members of Akrnm Khan Dance Company Opinion We have audited the linancid slatèment5 01 AkTam Khan Dance Company Ilhe'Gharilable cornpany'l lor the year ended 31 March 2023 which comprise the Statement of Financial Activibes, thè Balance Sheet, the Cash Flow Stalement and notes 10 the financfjal slaternents. including a sumrnary of significant accounting policies. The financial reportino Iramewofk Ihat has been ak¥Jlied In their preparation is apicable law and United Kingdom Accounting Standards. including Finanoal Reporbng Standard 102 Thè Financial Reporting Standard Wieable in thè UK aThJ Reb.C ol Iièknd Iunited KJ"rtyrn Generally A¢¢epitrd A¢¢ounb"ng Practice). In our opinion the finan¢i41 statements- give a true and lair view ol the State ol the charitatAe companls altairs as al 31 March 2023, and ol its incoming resources and ol resources, incIJ19 its in¢tsme and expenditure, lor the year then ended", - have been property prepwed In acc¢ydan¢e wlh UINted King(k>rn GenerlY Accepted Ac¢ounling Pra¢li¢e'. and - have been prepared in a¢¢¢rdance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance wilh Internaiional Standards on Auclting IUKI IISAS (UK)) and aF)pli¢ablÈ law. Our responsibilities under thosè StarardS are further described in thé Audilor's responsibililies for the audil of the financial staiements section of our report. We are independent ol the ¢hariie company in accordance wth the ethic requtrements Ihal are relevant to our audil ol the linanoal slalemants in the UK, inclu¢Jing the FRC'S EÉhical Standard, and we have lullilled OLJr other ethical responsibilities in accordance wlh these requiremen15. Wè btrlieve that the audit ev*Jence we have obtained is sulficieni and apprgyiate to prowde a basis our tynion. Conclusions relating to going con¢em In auditing the financial statements, we have concluded that the trustees. use ol the going concern basis ol accounting in Ihe preparation ol Ihe financial statements is appropriate. Based on the work we have rformed. we have not idenD"lied any material un¢ertaints"es relabng to evenrs or condilions that, indiwdually or colle¢hvèty. may cast signiheant doubt on the charitable companls ability 10 continue as a gong concern for a pertod ol at least twelve months from when the financial statements are authorised for issue. Our reswnsibilitEs and Ihe rè$Fx)nsilylTbes ol the iruslees th resrect to going concern arè described in the relevant sections ol this report. Other inlorm•ion The other information comprisÈs the Information included in the trustees annual report, other than the financial statements and OUT auditors reFQrt thereon. The trustees are s)nsIble lor the other information contained within the annual report. Our opinion on the linancial statemenis does not cover the other irlormatson and, except lo the extent olherwise explicidy statèd in tyjr report. we do not express any form ol assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing SD, consider whether the other information is MaterilY inconsisient ¥th the financial statements our knowledge obtained in the ¢our5e ol the audit or othèwse appears to be materially misstated. If Ksentify such material ineonsislencies or apparent material misstatements, we are required to detèrmine whether this gives risè to a material misstatement in the financial siatements themselves. 11, based on the work we have performed. we conclude ihal there is a material misstatement of this other information, we are required to report ihat lact. We have wlhing lo report in this regard.
Indepèndent Audilors. Rèport to the Members of Akram Khan Danca Company Opinlons on other matters prescribed by the Companies kt In our opinion. Imsed on the undertaken in the course ol the aud5t: the information given in the trustees. reFJrt (inporab"ng the threGtors' report) for the financial yèar lor which the financial statements are prepared is consistent wth the linancial statements". and - the directors. reFQrt has been prepared in accorarKe wilh appli¢able legal fequirements. Matters on which we are required to report.by exception In the light of our knowlèdge and understanding ol the charitatye ¢ompany and its environment obtained in the course ol Ihe audit, we have not identified material mi55taiemenls in the directors. report. We have noihiTrJ to pOrt in r&S¢t ol the lollowiro matters in relaOn to which ¢he Cornpanies Act 2006 requires us to Feport lo you il, in OnIon.. - adequatè aceuJnb'ng records have rt been kept, of rebJrns adequate lor oui audit have not teen received Irom branches not ted by us., or . the financi statements are not in agieement Ihe accwnb'ro records arwJ returns.. or - Certain discl¢sures of directors. remuneration specihed by law are not made,. or - we have not received all the inlormaiion exF4anath)ns we require for OLJr audit,. or the trustees were not entiued lo prepare the financial statements in acwdance wilh the small ¢ompanies' regirne aTrJ take advanlage ol the small companiè5' exempt5 in preparing the directors. report and from the requirernent to preparè a Strateg report. Responsibilities ol trustees A5 explained more fully in the trustees. re¥sibIliteS statement set out on page 9, the trustees Iwho are also the directors ol the charitable company for the purposes ol company lawl are responsible for the preparation ol the financial staiemenis and lor being saD"sfied that (hey give a true and lair view. and for such inte¥nal control as the trusiees det8rminè is necessary to enabje Ihe preparation ol financial $18Eements that are free from rnalen misstatement. whether thè iia4JJ or èrror. In preparing the linanaal statements, the trvsieès are resFonsbi le for assessiThJ the charitable companfs ats'lily to conlinue as a going concefll, disclosing, a5 aJ)plICab, matters related lo going concern and usino the gng concern basis ol accountir4J unless Ihe trusiees eilhei intend Iulale (he charite company or lo cease operatsons. or have no realistic alternabve but to do so. Auditor's responsibilities far Ihe audit ot the linanesal slatements Our objectives are to obiain rèasonable assurance aboth whether the financial 51aiements as a whole are free Irom material misstatement: whether due lo Iraucl or error, and lo issue an auditor's report IhaE includes our opinion. Reasonable assuranTr is a hh level of 8$51Jrance, but is not a guarantee thai an audit conducted in accordance with ISAS IUKI wtll always detecl a material misstatemeni when Il exisr5. IAisslatemenls can afise from fraud or error and are consthred rnalerial if. individually or in the augregate, they could reasonably be expect to influerte the economic decisions of users taken on the basis ol these nancial statements. 12
Independent Auditors, Report to the Members"of Akram Khan Dance Company Irregularibes, inclurfing Iraud. are in5tartes ol non-complianee with laws and regulations. We dèsign procedures in line with our reswftsibilities, ouuined above, to detect material rnisstatèTrents in respect ol irregularities, including fraud. The extent to whh our procedures are cawe ol delecting irregularits'es, including frau¢ rs detailed below.. Chjr asse55rnent IU$$ed on key laws and regulations the charItae company has 10 comply with and eas ol the financial statements we assessed as being more suscepiible 10 misstatemeni. Thes9 key laws and regulabons included but were not limited to ComlanCe th Companies Act 2006. Charities A 2011. iaKaboN legislation, data wolectton and emF4oyment legisl3b"on. We aré not rèsponsible for preventing irregularits"è5. Our approach to dètecting irregularities in¢ludèd, Lxjt was not limited to. the following.. - ¢Jbtaining an urKletslandir&J ol the leg and regulatt)ry framework applicak4e to the charitatle company and how the charitable company is complying with that Iramework, IrbcILKling agreement ot financial statement disclosures to LJndÈrlwng documentation a1 other èvidence," obtaining an uncserstanding ol the charilae company's Control envifonrnent and how the charitable company has applied relevant control procedures, throtjgh discussions wth Trustees and other management and by performing walkthrough iesèng 01 key areas.. obtaining an urKlerstanding ol Ihe charifthe company's risk assessment pyocess, induding the risk of fraud". - reviebMn9 meeting minutes ol those charged 7Èh gov&maA¢e thfoughout tha year: and performing audit iesling to address the risk of managernenl overrrtfje of ctrntrols, including testing journa entries and other adjLtstrnents for appropriatene55. evaluating the business raty'onale of signilicani transactions outside the normal course ol business and revièwing accountin9 estimates lor bas. Whilst conshlering how ovr audil work aikessed the detection ol irregulariliès. we also consdered the likèlihood ol detection based on our approach. Iiregulari)es arising from Ira are inherently more difficult lo doi¢¢t than thos¢ arising Irom orror. Because ol the inherent limitations of an aLMJit. there is a risk thai we wll not delect all irregularities, including those leadlng to a material misstatemersl in the financial staigments or non<omplian¢e with regulation. This rsk increasès the more that compliance with a law or regulats'on is removed from thg gvenls and transa¢ts'ons reflected in the finanriJ statefflents. a5 will be less likely to become aware of instancés ol non-coMlanCe. The risk Is also gréater regarding ir9Ltlaritls occurring due to fraud rather than error, as fraud involves intenDonal concealm8nt. forgery. eollugon, omission or misrerxesentation. A further description ol ou¥ responsibilities the audit ol the financial statements is located on the Financtal ReF)Orting Council's wèbsjlè at_ vMv.Irc.org.UVaLitor$resp0n$Ikn.IitIes. This descripb.on forms part ol our auditor's rewr. 13
Ind¢wnd8nt Audilors. Report to the Members ot Akram Khan Dance Cornpany Usè ol our TÈPOrt Thi5 report is made solely 10 the charitabte cofflpany's rnefflbers: a5 a t*Y.. in accordanc? wilh Chapter 3 of Part 16 of the Gompanies Aet 2006. Our audit work has bèen undertakÈn so that we might slate to the chantable companys members those rnattèf5 we are reouired 10 Slate to them in an audiior's report arKS lor no other purpose. To the fullest extent irMilled by law, we do not accept or assume reswnsibility 10 anyone olher than ihe chariiable company and the charitae companls members as a body, lor our audit work. lor t"$ reF(Kt, or lor the opintons we haye lofmed. Mr Graham Berry FCCA (Senior Statutory Auditoil For and on behalf of Bre¢krnan & Company Lld Statutory Auditors Charterod Certiliod Accountanls 49 South Molton Strèei London W1K 5LH 15 Decemtef 2023 14
InEomÈand efvJonThtsfr4m.' Dottations and Pegaoes. page 16 15.OCII 859 Theatre- 16 1.614M 142 31.012 1.645 794.479 lom) 4.479 142 To 2.165.751 31M42 2.1.793 1.6)9,13T 25,IKX> l.e64,137 E¥perntnur•on'. Ratsing lurés.. Furthatyng ¢hariie athvitibl". ThÉatre. 17 21.W) 21.000 2J4IO78 6.585 2.W.463 1.XOJSI 1.5107 2J41M78 265 2.56&, 1521J51 10.Qm) I.151 Nol leAwditurelfincrAThTr Rec¢cIIWityJ of fuThds.' Tot1 lorard 1176.1271 {195.Y31 137170) 117.786 15.L¥X) 132,78S .927 275 875.W2F 543.141 Total fvndsC3Iudfarnrd 19.457 M257 660.927 215. 875.927 ThÈ leSn pages 21 to 29 fum an Intewalpar ottw sla15. 15
Akrnm Khan Dance Company (Llmiied by Guaraniee) Year ended 31 March 2023 2023 In¢ome from donations and legacies Grant$ Emergency COVID-19 funding Arts Counal England - CAF HMRC Coronawrus Job Relenton Schemè 280.000 11.271 291,271 Arts Counal England - NPO Ivling 509.821 509,821 509.821 509.821 Caprfal Group Sky Arts 20.000 18.295 12,922 30.0¢ 38,295 42,922 Donations Donations 2.649 15,492 2,649 15.492 550.765 859,506 Income Irom chariL*le aetivilies Th&re Theatre income UK performance fees Internatronal KErforrnance lees Co-produeiion inwrne Special education woiects Workshops Fees receivable Other income 126.637 1.016.606 436,292 118,500 602,938 25,000 7.324 26,352 3,500 10,865 32,809 2.500 1,614,844 794.479 Projtet specific lunding Grants British Council Genesis Fund The Paul Hamlyn Founoation 15,000 10.000 16,042 31,042 10,000 1.645.886 804,479
AkTrm Kh•n Oance Company (Llmited by Guarantee) Ye•r ended 31 March 2trZJ 20 Expenditurè on eharitablo activities Theatr¢ Produclion cosls Dancers, lees Artistic directoi fees Producer féès Rehea¥sal costs TèChnicaVca1È Gosts Sètslcosiumes Soun¢JllighVother technical cc6ts Other production ¢o$ts Touring costs Markelintypromob'on Royalts'es 280,460 120,000 126,733 418.442 269,220 80,080 269.876 105,087 205,453 40.497 S4.636 91,573 70,000 88,750 76,473 202,890 4,702 5,994 28,441 110.660 57,630 105.824 1.970.484 853,937 Supporl and governance costs- page 18 597,979 656,414 2.568,463 1,510.351 17
ram Khan Dan¢• Company (Limited by Guarantee) Year ended 31 March 2022 . 2023 2022 Support and goveman¢e ¢o$t$ Support costs Office overhead$ RenUrate51room hi¥e TelephOnEnternet Insurance Siorage Equipm¥nUrepairslmaintenance Ctsmputèr costs Depreciation of eqijipment 32.597 10,185 21.949 26.362 1.402 8,696 9.546 33.304 9,537 25,531 24,337 1,925 5,944 5.960 110.737 106,538 Adminislration ¢osi$ Salarieslfees SOCI sècurity cosis Stall pension costs Siaff welfare Work permits Travellsubsistence Entertaining Prinlinglposlagelstalionery Subscripts'onwlicerces Sundries Charitable donalKJns 395,284 29.572 13,187 1,573 6.261 21.423 429, 194 23.044 8,151 896 8,072 8,191 1.225 1,096 1.347 22,036 1,490 2,076 722 474,131 501,302 Professionallfinancial Research and developrnent Legallprolessional Bank charges Bad debts Isvrplu5lldelicil on foreign exchange 6,944 1.168 2.024 5,998 12,969 1,648 60 20,649 15,8301 4.306 41,324 Governan¢e ¢osts Accountan¢y15UltancY Audit 3,000 s.000 3.250 4.000 8,000 7,250 597.174 656,414 Deficit on disposal of rangle lixed assets 805 597.979 656,414 18
Akrnm Khan Dance Company (Limited by Guarartee) Balance Sheat . 31 Mareh 2023 Notes FIX asset$ TaTraible assets 3S.236 ,373 Current assets Debtors Cash at bank artd in hand SOO,626 315,255 1.306,089 355.540 815.881 1.661,629 LiabilitÉos Creditors.. arnounts falling due within one year 10 1346,8601 1822,0751 Net current ass¢ts 469.021 839,554 Total asset$ less Current liabilities 504.257 875,927 The funds of thè ehaiity Unrestricted lund$ General lun Oesignated funds 13 142.002 342,798 127.641 533,286 484,800 660,927 Restricted incorne furnjs 14 19.457 215.000 Total charity funds 504,257 875,927 The trvsiees have PTepafed these accounts in ace¢ydance th sectTon 398 of Ihe Companies Act 2006 and section 138 01 the Charities Act 2011. These accounts are prepared in accordance with the speciat provision5 of Part 1 S ol the Companies Act relating to small companies and constilute the annual accounts . required by the Companies Act 2006 and are tor circulabon lo members of the company. The acceunts we approved by thè P£ard ol Trustèès on I S DècÈmtr 2023 sigrftd on its b8h811 by Gurnek B#in¥ {Chair) Trust¢• The notes on pages 21 to 29 lom an integraf part of th linanc¢J statements. 19
Akr Khan Dancè Company . (Limited by Guarnntee) Cash Flow St*Èmefit for Ihe year ended 31 March 2022 Notes Cash flows from operating a¢tivttle$ 18 131.2131 1294,9491 Cash tlows from invesiing activities. Dividends, interest an¢J renls Irorn investments Pijrchasè of property. plani and equipment 142 (9_2J41 152 122,0311 Net cash provided by investment xtivilies 19.0721 121,8791 Change in cash at bank and in haThd in the reForbng FerKxI Cash at bank and in haThJ at the teginning of the reportiThJ per {40,2851 1316,8281 355.540 672,368 Cash al bank and in hand at the end of the reporting period 315.255 355,540 20
Akrnm Khan Dance Company (Limited by Guardntee} Noies to Ihe Finaneial Statements l¢r the yw endad 31 Mar¢h 2023 Accounting policies 1.1. Basis ol preparing the financial stalements The linaTrci statements have teen ppared in accordance wth Accounting and Rporting by Charith'es= Ststement ol Recommended Practice (issued October 20191 applicawe to charities pieparing thèir accounts in accordance wth the Financial Reporbng Standard aOicable in the UK and Republic of Ireland {FRS 7021 lefleGtIVè l January 20191- Icharitiès SORP IFRS 10211, and the ompaniès Act 2006. Thè chanty meets Ihe delinrtion ol a beneht ents.ty under FRS 102. Assets and liabilities are inilially recognised at h551orical cost or transactitin valuè unless Oiherwise staled in the re18vant accounling policy not&s. 1.2. Incoming resources All In¢oming resources are incjuded in the Staiement ol Financial Actiwties when.. the chanty 15 legally entstled to the lynds - any pertormanGe conditions attached to the income have been met or are fully within the control ol the charity - there is sufficient certainty that receipt ol the income is Consthred probable - the amount can be rneasured - Donations and legacies GranlsldonatK)ns are recognised in incoming resour¢es in the year in which they are r&¢#iwdble, except as follows.. when ¢nors specity that grandOna0ns given to the charity niU5t be used in Ire accounting periixls, the in¢omè is dèferred until those ()$ when clonors impose conditions which have to be lulh.lled before the charity be¢omes entr'd8d io use such income, the income ts deferred and not inclLhJed irb incoming resources unb"I the preconditions lor use are mel. - Charitablè a¢tivities Theatre income - income Irom box ollti, Ferformance lees and stjndry other theatral. incorne is included in incoming resource5 in the peri1 in which the relèvaNI show lakes aCe. Proieci sp8¢ifi¢ funding when donors specity Ihal donations and grants are for parti¢ular resiricted rwses, which do not amount to we4ondib.ons regarding entillemeni, this Incomè is included in incomrng resource5 01 StrCIed tunols when receiv4e. - Investmènt income Interest on funds hèld on dewsit is included when rec¢ivAtr and the amount can te measured reliabty by the charity.. Ihis ts rK)rmaly UP notrfication ol Ihe inkresi paid or payable by ihe Bank. 21
ram Khan Dance Company (Limited by GuaraMee} Noies to the Finaneial Statements for the year ended 31 March 2023 1.3. Expenditure All expenditure is included ofi a¢¢ruals basis inclu ol any VAT which ¢annot be recovered and is recognised when.. - therè is a legal or conslwctive otligation fo make a payment il is prObae ihal sgtdemgnt will be reqLufed - the amounl of the rtJigation can be measureo rellaY - Cosls ol raising lunds Costs incuried in attracting donalsons. and those irKJJrred in.trading activities Ihal false flfnds. Charitable a¢tivilie$ Thealre pr(x4u¢tion costs . costs incurred in k¥oJLttion aThJ running ol pr¢)JuctN)ns toured in the ye. - Support ¢0$ The administral've and overhead St$ associated with running the office from which the company operales as well as governance costs. Sukwrt costs are wholly attributsWe to thealre production costs. - Governance costs Costs asso¢iated 7th Ihe consbtub'onal aThJ slatutory requirernents ol the charity. 1.4. Fund accounting Funds held by the charity are eilher= Unrestricted general lunds ihese arè furth whtch can be used in a¢¢¢ydance with the charitable .objects at the dis¢reknon ol the trustees. Designated funds - these are unrestricted funds of tr charity which the truslees have decided at their di5crets.on to set asKle fo use for a specific WfFY)se_ Restricted funds - these a funds that can only be used lor particular restricted purposes within the objects ol the charily. Restrictions arise when SFecified by the donor or when funds are raised lor particular restrithd pvrpJses. Further explanat.on of rhe nature and purpose ol each lund is induded in the note5 to the financial statements. 1.5. Tangible fixed assels and dèpreeiaiion Indwidual fixed assets costing £100 or more are cat41alised at cosi. Depreeiatiort is wovided at annual ratès calculated to write ofl the ¢ost less residLral value ol each asset over Its expe¢te<J uselul lile, as [lOws". Plant and machinery FIxtur9fElb"ngS/eqUlPm8n1 25% on reduung balancè 25% (y) reducing Wance 1.6. Debtors Trade and other debtors arè reeeAJnised at the setmemenl amount due aftèr ary trade discount offered. Prepayments are valijed at the amount wepaid alter taking account Of any trade discounts due.
Akram Khan Dan Company (Limited by Guarantse) Notes to the Finan¢ial Siaiements tor the year ended 31 March 2023 1.7. Produetion eosls In advan¢e Ctsst5 inCUrd in fespoct ol a theaire production which Oper in the IdlowAng accounbng period. and which are to be paid out ol general unresyicted lurbds, are carried l¢yward at the balance sheel dale. 1.8. Cash at bank and in hond Cash al bank and in haThJ includes ¢ash and short term highty IUl investments with a short maturity ol thr¢9 mortths or less from the date ol acquisilion or openin9 01 the deposit or smilar a¢eount. 1.9. CrÈdilors and provisions Creditors arKI prowsions are recognised where thè chafity has a present oljigation resulting from a past eveni that will probaljy result in the transfer of fuThls to a third party aTrY the amount due lo settle the obligation can be measured or esD"rnaied reliably. Creditors wovisKins are normally recoonised at IheFf 5eitlement amounl after loWIng lor any trade discotjnls due. 1".10. PÈn$ions The ¢otnpany oFxrates a defined contrtbuD"on scheme lry bgnelit ol its employees. contriiiutions payable are reco9nised as èxpendTriur¢ Ythen due. 1.11. Fol9n currènc$ Monetary assets aftd liabililies denominated in foreign curren¢iès are translated into stèrfino at the rates ol exchange ruling at the batance sheet date. transactions in foreign currencies are translated at the dale ol the transactions. all gains aThJ losses on exchange are written off in Ihe inc()me and exFenditure account. 1.12. Financial Instrumenls The charity only has financial assets and financial lia.11.es ol a kind that qualify as basic financial instruments. Basic financi& Instruments are InitilY recognised at transaction value, and subsequenuy measured at their setdemenÈ value. 1.13. Signifi¢•nt Aeeounting Estimates and Judgement$ In detèrmining the calng arnounts of certain assets and liabilibes. the charity makes assumptions ol the ellects ol uncertain fulure events on those assets and liabilities at the balance sheet date. The charitys estimates and assumptior15 are bas on historical experience ancl exp¢tiOn ol future events and are reviewed annually. Incomin9 resources The tolJ theatrical income lor ihe year ha5 teen tjerived from the wncipa actTrvity. The proportion ol th&atn"¢al income deaved from oulsicje the UK amounted to 65% 12022- 9%). 23
.Akram Khan Dance Company (Ltmited by Guarantee) Notes io the Financial Statemenis for the year ended 31 March 2023 Net lexpenditureifincome for the year is $tatsd after charging= 2022 Depre¢ialion ol langible fixed assets Deficit on disposal of tangible fixed a55et5 Delicil on foreign exchange Auditors. remuneration external audil - other serrices 9.S46 805 5.960 20,649 5,000 3,000 4.000 3,250 and after ¢rtdiling- Surplus on foreign exchange 5.830 Trustees. gmoluments and reifflbutsed expenses The trustees received no remuneratron during the year12022- £nill- The aggregated amount reimbJrsed to truslees during the year was £nil12022 - £nill. 24
knm Khan Dance Company (Limitgd by Guarantee) Notes io the Financial Staiemenis for the year ended 31 March 2trXJ Siaft costs and numbers 2023 . 2022 Stalf costs Salanes and wages Social seoJrity costs Pension costs Ex-graba payments AedUndaY costs 340,715 29,572 13,187 15,145 272,024 23,044 8.151 22,523 398,619 325.742 ND empk)yee earned £60.000 or more during ¢be year {2022 . £nill. The key fftanagement personnèl ol ihe charity ¢omprise the Trustees and the Senior Management Tearn. The 10t employee tenefits and lees of the key rnanagement personnel ol the charity £378,34012022- £321,5001. Ex-gratia payments - the Trustees agreed to make bonus payments io èmpbyees tn the year lofalling £15.145. Stsff numbers The average numters of employees linduding Casu and part bme staffj during Èhe year was made up as loll¢Ms.' 2023 Numbef 2022 Numbor Production Support Pension costs The company cFerates a defined conlyibufjon nSion scheme in respcl ol its employees. The scheme and its assels are hèkj by ¢ndeFendent managèrs. The Fension charge represents contnbulions %Yue from thè ¢¢mpany and amounied 10 £13,18712022- £8,151). Corporation taxatlon The charity is exempt Irom tax on incoffle and gains Iling wthin secbon 505 01 the Taxes Act 19.88 oi section 252 of the Taxaton of Chargeable Gans Act 1992 ro the Èxtent that these are applied io its charitable objects.
Akrnm Khan Dance Company ILimited by Guarnnteel Notes lo the Financial Statemènts for Ihe year ended 31 March 2 Fixed assel$- tsngible assels Pknv machinery Fixlure fittingsl equipment Total Cost 1 April 2022 Ad¢Jibons Disposals $9,524 5.483 24,927 3,731 15.4831 84,451 9,214 15,4831 31 March 2023 65,007 23.175 88.182 Depreeiatlon i April 2022 On disposals Charge for year 31 March 2023 30,906 17,172 14,6781 2.392 48,078 14,6781 9,546 7.154 38.060 14,886 52,946 N•t book vaFues 31 Mar¢h 2023 26.947 8,289 35,236 31 March 2022 28.618 7,755 36,373 Debtors 2022 Trade debtors Other dèbtors Production costs in adVae Prepayments Accruad income 402,867 25,074 41.386 31.299 562,997 11,949 599,052 21,236 110.855 500,626 3,306,089 26
Akram Khan Danee Company {Limited by Gua¥antee) Notes to the Financial Statements tor tho year end 31 Uarch 2rd 10. Credltws: amount$ falling due within one year Tradè credilors Other taxationlsocial security Other creditors AcGru&s Delerred income Inote 111 111,255 8,768 10.839 145,127 70,871 265,065 5,790 11.258 119,709 420,253 346,860 822,075 11. Deferred in¢¢me Balance at 1 4)ri12022 420.253 Amount leased lo incoming res¢)urces Amount deferred in the year 1420,2531 70,871 8alan¢e at 31 March 2023 70.871 Deferred income relates to theatre incorne received in advance. 12. Limited by guarantee The pyivate company is limiled by guarantee, wtslered in EW - England and Wales, arKI th)es not have a share ¢apital. Each member gives a gua¥antee to coniribute a sum. not exceedin9 £1, to thè ¢ompany should it be wound up. Al 31 March 2023 there were 11 membets. 27
Akram Kh•n D•n¢e Company (Limited by Guarantee) Note$ to the financial Statements for the year ended 31 March 2023 13. Unreslrfcted lunds Broughl": forwartl Incoming resources Outgoing resources Transyèrs Carrd forward General fund Designated funds-. Ringfell¢ed rerve lund 'Project fund Legacy piojects 127,641 "2.165.7S1 {2.131,3SI)I 120,0001 142.002 250.000 250,000 33.286 250.000 88.820 3,978 1161.1801 149.3081 20,000 660.927 2,165.751 12,341,878> 484,8C(J Ringfèneed reseThè lund This fund reFyesents a ngnfenced amouni equivalent to a three monih kYovi&on shoLtld the charily Cease opèrating. Pr¢Jject lund Hawng used a kjt ol our big co-pr(u¢er contacts io fund Xenos, we created the proje¢t fund to undeThvrile the costs of luture projects whTr¢h may fequire a hoher level ol fuThYing. Legacy projeei$ Our designated Legacy lurKS supports artisb"c, educalionaF and frainin9 projects that ensvre the conbnu&"on of Akrarn's ¢horeo9rapbic legacy and AKC values. 14. Re$tri¢ied fund$ 8roughl In¢¢yning Outgoing forw¥rd resources o$oure•s Carried fonvard Jungle 8ook Creative Engagefflent- Sri Lanka Teacher Development Fund 21 S.000 1215.0001 15.000 16.042 15,0(Kl 4,457 111,5851 215.000 31,042 1226.S851 19,457 Jungle Book FuS received Iroffl Garfield Weston Foundation Weslon Culture Fund, Genesis Fufid and other donations towards the creation and roheaKsal 91 Jungle Bwk which wemier80 in April 2022. Creative En9a9ement- Sri Lanka Funds from Britssh Council towards the proiecl Creative Engagemeni Exrience, Sri Lanka 2023-24. Teacher Development Fund Funds received from Paul Hamw FouTrJation tcrrtards the Teacher Developmeni Furn1.
Akram Khan Dance Company (Limhed by Guarant8e) Notes to the Finan¢ial Statemenis lor the year ended 31 March 20Z3 15. Analysis of net assets between funds General fund$ Oesignated lunds Restricted funds Total Fijnd balances at 31 March 2023 are represented by= Tangible lixed assets Net current assgls 35,236 106.766 35,236 469,021 342,798 19.457 142,002 342.798 19,457 504,257 16. Financial commitments Al 31 March 2023 lh• company had total fvture cfjmmrtrnents under non-canceljaiye q)erating leases as follows". 2023 Due.. Within one year Belween on$ and live years 24,209 25,349 23,069 24.209 48,418 17. Rèlated party transaetions During the year the company had no related party trartsacbons thal required discbsurè. 18. Reconciliation of net incomdlèxpenditur•) to net cashtlow Irom opèrating aetivtties 2023 2022 Nei incomellexpgndilurel lor Ihe reporting pèriocl las per the staterneni ol linanciJ aetiwtiesl Depreciaiion Dividends, interest and rents from invèstménts Deficit on the 5a(e of fixed asssts Decreasellincreasel in debiors ID8creasellincreasè in erÈdrtors 1371.6701 132,786 9,546 11421 805 805,463 1475,2151 S,960 13521 1968,0911 534,548 Nel cash outflow from opeIng aciivitiès 131,2131 1294,9491