2024-03-31-accounts

Company number 04342933 Charity number 1169593 Akram Khan Dance Company (Limited by Guarantee) Report and Flnanclal Statements for the year ended 31 March 2024 Breckman & Company Ltd Chartered Certified Accountants 49 South Molton Street London W1K SLH

Akram Khan Dance Company (Llmlted by Guarantee) Contents Page Referen￿ and Adminislralive Details Trustees. Report Auditors, Report 10-13 Statement of Financial Activities (including Income and Expenditure Account) 14-17 Balance Sheet 18 Cash Flow Statement 19 Notes lo the Financial Statements 20-28

Akram Khan Dance Company (Llmlted by Guarantee) Reference and Administrative Details Constltutlon The charitable company is a private company limited by guarantee registered in EW - England and Wales, company number 04342933 incorporated under the Companies Act and ils governing document is its Memorandum and Articles of Associalion. The company is a registered charity, number 1169593. Directors and trustees The directors of the charitable company IAkram Khan Dance Company) are its Iruslees for the purpose of charity law and throughout this report are collectively referred to as the trustees. Policies and procedures adopted for the induction and training ol trLJStees are ongoing and incorporated indirectly into the regular trustees meetings. The trustees during the year and since the year end, were Anais Aguerre Gurnek Bains Ichairl Emma Birchall Victoria Brown Anita Kirpal Nicole Newman Turner Mary O'Reilly Dipali Sahni Jeremy Shakerley Denis Shalranik Rick Wenlworth resigned 25 September 2024 resigned 27 September 2024 Secretary Jane Taylor-Holmes Artistic Director Akram Khan Producing DiTrctor Farooq Chaudhry Day to day management Jan Hart (Finance Director) Isabel Tamen IExeeLJtive Director)

Akram Khan Dance Company (Llmlted by Guarantee) Reference and Administrative Details Audltors Breckman & Company Ltd, Chartered Certified Accounlanls, 49 South Mollon Street, London W1 K 5LH. Bankers HSBC, 25 Islington High Street. London N19LJ. Solicitors Bales Wells, 10 Queen Street Place, London EC4 1 BE. Reglstered offl¢e and operatlon address Mirror Works, 12 Marshgale Lane. London E15 2NH.

Akram Khan Dance Company

(Limited by Guarantee)

The Trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2024 which are also prepared to meet the requirements for a Directors' report and accounts for Companies Act purposes.

The reference and administrative details set out on pages 1 and 2 forms part of this report. The financial statements comply with Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Objectives and activities

Since Akram Khan Company (AKC) was founded over twenty years ago, our uncompromising commitment to excellence, innovation, diversity and artistic risk has positioned us as one of the most influential and successful dance companies in the UK and the world. Our productions range from kathak and modern solos to artist-tojourney was the creation of a section of the London Olympic Games Opening Ceremony in 2012, performed by Akram and fifty dancers and seen by over two billion people worldwide. In recent years, we created high-quality family and children-friendly versions of our larger productions, which have had tremendous UK and global success in nurturing an appreciation of dance by younger audiences.

The Company was founded in 2000 by dancer/choreographer Akram Khan (British born of Bangladeshi descent) and producer Farooq Chaudhry (born in Pakistan, raised in the UK). As South Asian men who have straddled two worlds throughout their personal and professional lives, they have transcended cultural labelling and, as a consequence, created contemporary dance work that champions

Our success has been achieved through the combination of dual leadership, unflinching artistic ambition and entrepreneurial business acumen, and we continue to build on excellence, universal appeal and experimentation. We work across disciplines with an international team of the best professionals at all levels artists, technicians and administrators.

We take risks, think big, explore the unfamiliar, avoid compromise and tell stories through dance that are compelling and relevant, with artistic integrity.

The objects for which the Company is established, as set out in the governing document, are:

• To advance the arts and culture for the benefit of the general public by promoting, in the UK and internationally, modern dance and other art forms including, without limitation, films and music, with particular, but not exclusive, reference to touring performances and to the work of Akram Khan, and

• To advance the education of young people, dance practitioners and the general public, with particular reference to the artistic work of the Charity, particularly, but not exclusively, through the provision of workshops, classes and performances.

The purpose and aims of Akram Khan Dance Company are intended for the benefit of the public. The Company engages the public through the creation and public performances of high quality, culturally relevant artistic work, and through education and legacy projects.

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2).

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Akram Khan Dance Company

(Limited by Guarantee)

Achievements and performance

Outwitting the Devil

Outwitting the Devil returned to Shanghai International Festival for two performances in October 2023 as a stand-alone engagement.

Chotto Desh

After a successful Summer Intensive course at MAC Belfast in 2022, we were delighted to continue nurturing our relationship with this venue by remounting Chotto Desh (our solo family production aimed at 7-year olds +) at this venue from 28 August to 15 September 2023. The remount period culminated with two performances at MAC Belfast on 16 & 17 September 2023. There were 18 further performances across 4 venues within the year.

Jungle Book Reimagined

There were 69 international and 14 UK performances of Jungle Book Reimagined within the year. The production receiving strong global touring interest and bookings are confirmed up to July 2025, with a two-week tour in Japan.

Legacy projects

Workshop programme

We delivered 34 workshops across 73 days engaging with 1,092 individuals, including 311 participants in the UK. Our workshops were delivered to an international audience in 13 different countries across 4 continents.

Unplugged programme

Nico Monaco delivered the first edition of the Unplugged programme to 24 students from Academia Nazionale di Roma with an excerpt of Kaash through a 4-week transmission period (June 2023) wrapping up with 3 performances by the students at the school end of year show in July 2023.

Nico Monaco, Thomasin Gulgec, and Mavin Khoo delivered the second edition of Unplugged to -year students. This edition was divided into two phases. In December 2023, Nico Monaco taught 18 students an excerpt from Kaash over two weeks. Then, in January and February 2024, Thomasin Gulgec and Mavin Khoo worked with 32 students on excerpts from Jungle Book Reimagined and Sacred Monsters during a three-week transmission. The project was wrapped up with 4 performances at the school theatre, followed by 1 performance at the Linbury Theatre in July 2024.

Teacher training

This year saw the continuation of our 2-year Teacher Training programme, funded by the Paul Hamlyn Tower Hamlets. We are working with five schools (including two Special Educational Needs classes) to introduce the Akram Khan Company approach of dance-making and storytelling to teachers, supporting them to become leaders of dance in their own schools. Working in partnership with each school, we are contextualising dance for teachers and exploring how to connect it to the curriculum in a meaningful way. Our ambitious aim is that dance will continue to be a key part of the curriculum once the project ends, allowing the legacy of this special project to continue.

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Akram Khan Dance Company

(Limited by Guarantee)

Digital Engagement

We continue to leverage digital initiatives to engage audiences who are unable to join us in the theatre, providing insights into the creative process and our Legacy projects.

XENOS in Mumbai, marking a significant milestone. We celebrated this moment with our global following through the release of a video series and later, a documentary, capturing special moments of behind the scenes - available to watch on the AKC website and YouTube channel.

To coincide with the restaging of Chotto Desh , our filmmaker and photographer joined us in Belfast, in September 2023, to capture new rehearsal footage, documenting behind-the-scenes moments, and new production images. The new video content included two trailers and a video series that highlighted th build anticipation during the production week and has since been leveraged across our platforms as evergreen material, allowing both new and existing audiences to gain deeper insights into the production. Tour venues worldwide have also used this content in their own local marketing campaigns.

We are also committed to subtitling our video content as an essential part of improving accessibility.

The launch of the redesigned AKC website in 2022-23 has proven invaluable, providing another platform to showcase the Company's high-quality content. We continue to work with our web agency COG on a monthly retainer to make ongoing improvements and adjustments, to enhance the user experience. We continue to track user insights through Google Analytics.

Social media

As with last year, our Instagram following continues to grow steadily. We leverage our social media insights platform (Iconosquare) to guide our content strategy, adapting our approach based on engagement - to ensure we maintain strong and meaningful connections with our online audience across all platforms. Given the controversies over X, we are focusing less on this platform while LinkedIn proves to be an important platform for celebrating our Legacy activity such as Moving Stories.

Financial review

The Company is funded by Arts Council England and has received regular annual funding for 18 years. It is currently a National Portfolio Organisation, and 2023-24 was the middle year of a three-year funding agreement which runs from 1 April 2022 to 31 March 2026. The Company reports to ACE through quarterly monitoring and an annual statistical survey and report. The majority of the rest of the are generated through earned activity income, principally international and UK touring.

Because of our strong and relatively profitable international touring profile and good relationship with co-producers we have only a limited reliance on contributed income. We have consistently exceeded forecasts for co-production funding (included in our earned income figures) which subsidises the production costs of a new work. Our financial planning and resilience are held up as a model for good business planning within the dance industry.

-turn turned out quite different to our initial budgets, as we made the difficult decision to postpone our next big project. Instead, we concentrated on promoting our other shows, which all enjoyed profitable tours, generating around £36k more than budgeted. We used the remaining funds in the choreographic fund (£88,820) to underwrite the costs of the remount of Chotto Desh and a tour of Xenos to India, for the final performances of this solo show.

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Akram Khan Dance Company

(Limited by Guarantee)

Reserves

The existing policy is for the Company to maintain a consistent level of ringfenced reserves, equivalent to the value of 3 months of shutdown costs, which currently stands at £250k.

Restricted funds

This year we began work on the British Council project which will be a standalone project in Bangladesh to take place in autumn 2024. We carry forward a fund of £10,710. We also hold a balance of £6,742 from funds received from the Paul Hamlyn Foundation, via the Lansbury Lawrence school, to support our teacher training project in the London Borough of Tower Hamlets.

Designated funds

This year we once again received funding from the Capital Group to cover the core costs of the Legacy department. The balance of the costs was covered by the designated legacy fund, with a balance of £358 held at the end of the financial year.

As stated, the balance held on our choreographic fund was used in full to underwrite production costs

The balance of our reserves of £141,495 is held as working capital and the Trustees agreed that this continued to provide us with a strong foundation to lead into the 2024-25 financial year.

Risks

As the company receives most of its co-production funding and performance fees in euros, one of its biggest financial risks is identified as being the fluctuating currency rates. In the annual budgets a sum is set aside to mitigate against this.

On an operational level, we continue to be affected by visa and work permit issues caused by Brexit, and increased costs of shipping equipment across Europe.

Plans for future periods

We create thoughtful, provocative and ambitious dance productions for national and international stages. Akram Khan takes human themes and works with world-class collaborators to take them to new and unexpected places - embracing and working with other cultures and disciplines.

By focusing on excellence and innovation, whilst remaining relevant and pushing the boundaries of the art form, we are committed to reaching new audiences and supporting the development of growing talent - ssical Kathak and contemporary training. Our Vision, Mission and Values are:

Through the meeting of worlds, we invite people to see, dream and reflect on the beauty and complexity of being human.

Our core values are: Courage Curiosity Caring Collaboration Connection

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Akram Khan Dance Company

(Limited by Guarantee)

These values are reflected throughout the company; in our productions, our digital and Legacy projects, our organisational structure and in the worldwide relationships we build and maintain with artists, collaborators, venues, festivals and funders.

The Company has been commissioned by the Royal Commission for AlUla to create Thikra (Night of Remembering) for Wadi AlFann Festival 2025 - a site-specific commissioned performance by internationally acclaimed, multi-award-winning choreographer Akram Khan and Wadi AlFann visual artist Manal AlDowayan.

Thikra: Night of Remembering will feature 14 world-class international dancers, an original music score by award-winning composer Aditya Prakash, Sound Design by Gareth Fry, Lighting by Zeynep Kepekli and uniquely designed costumes and set by Manal AlDowayan.

Wadi AlFann will provide a breathtaking setting for this new work, marking AlUla as a global cultural destination for monumental contemporary art. The performances will be held on 25, 26 and 27 January 2025. Following its world premiere in AlUla, the production will be adapted for indoor theatres, bringing AlUla culture, heritage and artistry to wider audiences worldwide.

The evocative performance and its dancers will embody the concepts of forgetting, collective learning and healing, exploring the idea that "without a past, there is no future."

The creation rehearsals for the indoor theatre adaptation will take place in the UK in March 2025. la Ville de Luxembourg have committed as co-producers for the indoor adaptation version of this production.

Structure, governance and management

The organisation is a charitable company limited by guarantee incorporated on 19 December 2001, amended by special resolution on 24 September 2016 and registered as a charity on 11 October 2016. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. A full review of the Memorandum and Articles of Association was undertaken during 2016. This review ensured that the Governing document continues to be fit for purpose.

Board makeup of skills is regularly reviewed, particularly when a member resigns, and people with strengths in areas less represented on the board, are put forward. In most instances, the choices are approved by all members, and the individual is usually approached initially by the most relevant Board member, often the Chair.

business plan, plus the most recent minutes and management accounts.

The Trust currently has a Board of Trustees of seven members, who meet on an average of once every 3 months. The Board is responsible for the strategic direction, the policies of the charity and for reviewing its financial affairs. The Board has members from a variety of professional backgrounds relevant to the work of the charity.

The quorum of Trustees at general meetings cannot be less than three Trustees present in person or by proxy.

All day-to-day running decisions are made by the Senior Management Team. The Producer is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Finance Director is responsible for ensuring financial and administrative systems, standards and practices meet operational and legal requirements. All artistic planning and

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Akram Khan Dance Company

(Limited by Guarantee)

policy decisions are made by the Artistic Director. All Trustees give their time voluntarily and receive no remuneration of other benefits from the charity.

The pay of the senior staff and all staff is reviewed annually and normally increased in accordance with average earnings to reflect a cost-of-living adjustment. In view of the nature of the charity, the Trustees benchmark against pay levels in other similar charities of a similar size operating in the arts sector.

Risk Management

A risk register has been developed, risks are prioritised, and high rated risks are discussed at each Board meeting. Should any high or extreme risk become evident in between Board meetings, the Producer or Management Team will inform the Trustees and agreement as to action to be taken in mitigation will be agreed by the majority of Trustees by email. The Board of Trustees is satisfied that all major risks have been identified and that systems and actions are in place to mitigate those risks.

Related Parties

There are no related parties guiding the work of the Trust. The management of the company is undertaken by a senior management team comprising the Artistic Director, Producing Director, Executive Director and Finance Director.

Statement of Trustees' Responsibilities

The trustees (who are also directors of Akram Khan Dance Company for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

· select suitable accounting policies and then apply them consistently;

· observe the methods and principles in the Charities SORP 2019 (FRS 102);

· make judgements and estimates that are reasonable and prudent;

· state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

· prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware at the time of approving our trustees' annual report:

· there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the charitable company's auditor is unaware; and

· the trustees, having made enquiries of fellow directors and the charitable company's auditor that they ought to have individually taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Akram Khan Dance Company

(Limited by Guarantee)

Small Company Exemptions

This report is prepared in accordance with the provisions of the Companies Act 2006 relating to small companies.

This report was approved by the Board of Trustees on 13 December 2024 and signed on its behalf by

Gurnek Bains (Chair) Trustee

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Independent Auditors. Report to the Members of Akram Khan Dance Company Opinion We have audited the linaneial slalements ol Akram Khan Dance Company (the 'charitable company'l lor the year ended 31 March 2024 which comprise the Statement of Financial Aclivilies, the Balance Sheet, the Cash Flow Slalemenl and notes lo the financial stalemenls, including a summary ol significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland (United Kingdom Generally Accepted AccoLJnting Practice). In our oplnlon the flnanelal statements: give a true and lair view ol the slate ol the charitable companls allairs as al 31 March 2024, and of its incoming resources and application of reSoUr￿s, including ils income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We eonducled our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities lor the audit ol the financial slalements section ol our report. We are independent ol the charitable company in accordance with the ethical requirements that are relevant lo our audit ol the financial statements in the UK, including the FRG'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial slalemenls, we have concluded that the trustees, use of the going concern basis ol accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to Continue as a going concern for a period of at least twelve months from when the linan¢ial slalements are aulhorised lor issue. Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant sections ol this report. Other Informatlon The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor's repK)rt Ihereon. The Iruslees are responsible lor the other information contained within the annLJal report. Our opinion on the financial statements does not cover the other information and, except lo the exlenl otherwise explicitly slated in our report. we do not express any form ol assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify SLJch material inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise to a material misslalemenl in the financial statements themselves. 11, based on the work we have performed, we conclude that there is a material misslatemenl of this other information, we are required lo report that fact. We have nothing lo report in this regard.

Independent Auditors. Report to the Members of Akram Khan Dance Company Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the COLJrse of the audit= the information given in the trustees, report lincorporating the directors, report) lor the financial year lor whi¢h the financial statements are prepared is ¢onsislenl with the financial stalemenls., and the directors, report has been prepared in a¢cordan¢e with appli¢able legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of our knowledge and understanding ol the charitable company and ils environment obtained in the course ol the audit, we have not identified material misstatements in the directors, report. We have nothing to report in respect of the following mallers in relation lo which the Companies Act 2006 requires us lo retx)rt to you if, in our opinion.. adequale accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial slalements are not in agreement with the accounting records and returns,. or certain disclosures ol directors, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and lake advantage ol the small companies, exemptions in preparing the directors, report and from the requirement lo prepare a strategic report. Responslbllltles of tw$tees As explained more lully in the Iruslees. responsibilities statement sel out on page 9, the Iruslees Iwho are also the directors ol the charitable company lor the purposes ol company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and lair view, and for Such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misslatemenl. whether due to fraud or error. In preparing the financial stalemenls, the trustees are responsible for assessing the charitable companls ability to ¢onlinue as a going concern, disclosing. as applicable, matters related lo going eoneèrn and using the going concern basis ol accounting unless the Iruslees either intend to liquidate the charitable company or lo cease operations, or have no realistic alternative bul to do so. Audltor's responslbllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalement. whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level ol assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misstalemenl when il exists. Misslalemenls can arise from fraud or error and are considered material il, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions ol users taken on the basis of these financial stalemenls.

Independent Auditors. Report to the Members of Akram Khan Dance Company Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misstalemenls in respect ol irregularities, including fraud. The exlenl to which our procedures are capable ol delecling irregularities, including fraud is detailed below.. Our assessment locussed on key laws and regulations the charitable company has to comply with and areas ol the financial slalements we assessed as being more susceptible lo misstatement. These key laws and regulations included bul were not limited lo compliance with the Companies Act 2006, Charities Act 2011, taxation legislation, data protection and employment legislation. We are nol restx)nsible lor preventing irregularities. Our approa¢h to detecting irregularities included, but was not limited to, the following.. obtaining an understanding ol the legal and regulatory framework applicable lo the charitable company and how the charitable company is complying with that framework, including agreement ol financial statement disclosures lo underlying documentation and other evidence., obtaining an understanding ol the charitable company's control environment and how the charitable company has applied relevant control procedures, through discussions with Trustees and other management and by performing walkthrough lesling over key areas., obtaining an understanding ol the charitable company s risk assessment process, including the risk ol fraud., reviewing meeting minutes of those charged with governance throughout the year., and performing audit lesling lo address the risk ol management override ol controls, including lesling journal entries and other adjuslmenls lor appropriateness, evaluating the business rationale ol signifieanl transactions outside the normal course of business and reviewing accounting estimates for bias. Whilst considering how our audit work addressed the detection ol irregularities, we also considered the likelihood ol detection based on our approach. Irregularities arising from fraud are inherently more dillicull to delecl than those arising from error. Because ol the inherent limitations ol an 2udil, there is a risk that we will not dele¢l all irregularities, including those leading lo a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial slalements, as we will be less likely lo become aware ol instances ol non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities lor the audit ol the financial statements is located on the Financial Reporting Council's website at.. www.Irc.org.uKlaudilorsresponsibililies. This description forms part ol our auditor's report.

Independent Auditors. Report to the Members of Akram Khan Dance Company Use ol our report This report is made solely lo the charitable company's members, as a body, in accordance with Ghapler 3 01 Part 16 01 the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to slate lo them in an auditor's report and for no other purpose. To the lullesl extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body, for our audit work. lor this report, or lor the opinions we have formed. Mr Graham Berry FCCA (Senlor Statutory Audltor) For and on behalf of Bre¢kman & Cornpany Ltd Statutory Auditors Chartered Certified Accountants 49 South Mollon Street London W1 K 5LH 13 December 2024

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Akram Khan Dance Company (Llmlted by Guarantee) Year ended 31 March 2024 2024 2023 Income from donations and legaci8s Grants Arts Council England - NPO funding 509,821 509,821 509,821 509,821 Capital Group Sky Arts 21,000 5,100 20,000 18,295 26,100 38,295 Donations Donations 1,357 2,649 1,357 2,649 537,278 550,765 Income from charltable actlvltles Theatre Theatre income UK performance lees International performance lees Co-production income Workshops Other income 197,000 939,169 194,412 41,194 222 126,637 1,016,606 436,292 32,809 2,500 1,371,997 1,614,844 Project speclflc fundlng Grants British Council The Paul Hamlyn Foundation 15,000 16.042 27,500 27,500 31,042 1,399,497 1,645,886

Akram Khan Dance Company (Llmlted by Guarantee) Year ended 31 March 2024 2024 2023 Expenditure on charitable activities Theatre Production costs Dancers, fees Artistic director lees Producer lees Rehearsal costs Technicavcreative costs Selslcoslumes Soundllighvolher technical costs Other production costs Touring costs Markelinglpromolion Royalties 258,023 100,000 100,000 204,753 267.189 9.220 59,458 72,317 142,194 60,615 150,232 280,460 120,000 126,733 418,442 269,220 80,080 269,876 105,087 205,453 40,497 54,636 1,424,001 1,970,484 Support and governance costs - page 17 646,388 597,979 2,070,389 2,568,463

Akram Khan Dance Company (Llmlted by Guarantee) Year ended 31 March 2024 2024 2023 Support and governance costs Support costs Office overheads Rentlrateslroom hire Telephonelinternel Insurance Storage Equipmentlrepairslmaintenance Computer costs Depreciation ol equipment 34,980 9,667 27,284 31,854 1,883 7,674 11,426 32,597 10,185 21,949 26,362 1.402 8,696 9,546 124,768 110,737 Administration ¢o$ts Salariesllees Social security costs Staff pension costs Staff welfare Work permits Travevsubsistence Entertaining Prinlinglposlagelslalionery Subscriplionsllicences SLJndries 373,423 33,113 12,962 18 12,554 17,685 3,899 663 2,132 3,309 395,284 29,572 13.187 1,573 6,261 21,423 2,543 1,490 2.076 722 459,758 474,131 Profes$ionalltinan¢ial Research and development Legavprolessional Bank charges Bad debts Isurpluslldelicil on foreign exchange 1,610 1,568 4,337 373 43,001 6.944 1.168 2,024 15,8301 50,889 4,306 Governance costs Accountancylconsullancy Audit 5,000 5,000 3.000 5,000 10,000 8,000 645,415 597,174 Delicil on disposal of tangible fixed assets 973 805 646,388 597,979

Akram Khan Dance Company (Llmlted by Guarantee) Balance Sheet 31 March 2024 2024 2023 Notes Fixed assets Tangible assets 41,828 35,236 Current assets Debtors Cash at bank and in hand 882,419 135,145 500,626 315,255 1,017,564 815,881 Liabilities Creditors.. amounts falling due within one year 10 1608,2591 1346,8601 Net current assets 409,305 469,021 Total assets less current Ilabllltles 451,133 504,257 The funds of the charity Unreslricled funds General fund Designated funds 13 183,323 250,358 57,701 427,099 433,681 484,800 Restricted income funds 14 17,452 19,457 Total Charity funds 451,133 504,257 The trustees have prepared these accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These aceounls are prepared in accordance with the special provisions of Part 15 01 the Companies Act relating lo small companies and constitute the annual accounts required by the Companies Act 2006 and are lor circulation to members ol the company. The accounts were approved by the Board ol Trustees on 13 December 2024 and signed on ils behalf by Gurnek Bains (Chair) Trustee The notes on pages 20 to 28 form an inlegral part ol these financial statements.

Akram Khan Dance Company (Llmlted by Guarantee) Cash Flow Statement for the year ended 31 March 2024 2024 2023 Not8S Cash Ilows from operating activities 18 1161,6091 131,2131 Cash flows from investing a¢tivities: Dividends, interest and rents from investments Purchase ol fixed assets 490 118,9911 142 19,2141 Net cash provided by investment activities 118,5011 19,0721 Change in cash al bank and in hand in the reporting period Cash at bank and in hand al the beginning of the reporting period 1180,1101 140,2851 315,255 355,540 Cash at bank and in hand at the end of the reporting period 135,145 315,255

Akram Khan Dance Company (Llmlted by Guarantee) Notes to the Financial Statements for the year ended 31 March 2024 Ac¢ountlng poll¢les Basis of preparing the financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities= Statement ol Flecommended Practice (issued October 20191 applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 lelleclive 1 January 20191 Icharilies SORP IFRS 10211, and the Companies Act 2006. The charity meets the definition of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy notes. 1.2. Incoming resources All incoming resources are included in the Statement ol Financial Activities when: the charity is legally entitled to the funds any pertormance condition8 allached to the income have been met or are fLJlly within the control of the charity there is sufficient certainly that receipt of the income is considered probable the amoLJnt can be reliably measLJred Donations and legacies Grantsldonalions are recognised in incoming resources in the year in which they are receivable, except as follows.. when donors specify that grantsldonalions given to the Charity must be used in future a¢counting periods, the income is deferred Ljnlil those periods when donors impose conditions which have to be fulfilled before the charity becomes entitled lo use such income, the income is deferred and not included in incoming resources until the preconditions for use are mel. Charltable actlvltles Theatre income income from box office, performance lees and sundry other theatrical income is included in incoming resources in the period in which the relevant show lakes place. Project specifi¢ funding - when donors specify that donations and grants are lor particular restricted purposes, which do not amount to pre-conditions regarding enlillemenl, this income is included in incoming resources of restricted funds when receivable. Investment Income Interest on funds held on deposit is included when receivable and the amount can b8 measured reliably by the charity., this is normally upon notification of the interest paid or payable by the Bank. 20

Akram Khan Dance Company (Llmlted by Guarantee) Notes to the Financial Statements for the year ended 31 March 2024 1.3. Expendlture All expenditure is included on an accruals basis inclusive ol any VAT which cannot be recovered and is recognised when.. there is a legal or conslruclive obligation to make a payment il is probable that settlement will be required the amount of the obligation can be measured reliably Costs of raising funds Costs incurred in allracling donations, and those incurred in trading activities that raise funds. Charitable activities Theatre production costs - costs incurred in production and running of productions toured in the year. Support costs The administrative and overhead costs associated with running the ollice from which the company operates as well as governance costs. Support costs are wholly attributable lo theatre production costs. Governance costs Costs associated with the conslilulional and statutory requirements of the charity- 1.4. Fund accounting Funds held by the charity are either.. Unreslricled general funds - these are funds which can be used in accordance with the charitable objects al the discretion ol the trustees. Designated fLJnds these are unrestricted funds of the charity whi¢h the trustees have decided at their discretion lo set aside lo use lor a specific purpose. Restricted funds - these are funds that can only be used lor particular restricted purtx)ses within the objects ol the charity. Reslriclions arise when specified by the donor or when funds are raised lor particular reslricled purposes. Further explanation of the nature and purpose ol each fund is included in the notes to the financial statements. 1.5. Tangible fixed assets and depreciation Individual fixed assets costing £100 or more are capitalised at cost. Depreciation is provided at annual rates calculated lo write oll the cost less residual value ol each asset over ils expected useful life, as follows.. Plant and machinery Fixlureslfillingslequipmenl 25¢/o on reducing balance 25Q/o on reducing balance 1.6. Debtors Trade and other debtors are recognised al the settlement amount due aller any trade discount offered. Prepayments are valued al the amount prepaid after taking account ol any trade discounts due. 21

Akram Khan Dance Company (Llmlted by Guarantee) Notes to the Financial Statements for the year ended 31 March 2024 1.7. Productlon ¢o$ts In advance Costs incurred in respect of a theatre production which opens in the following accounting period, and which are to be paid out ol general unrestricted funds, are carried lonNard al the balance sheet date. 1.8. Cash at bank and in hand Cash al bank and in hand includes cash and short term highly liquid investments with a short malurily of three months or less from the dale ol a¢quisition or opening of the depos11 or similar a¢¢ount. 1.9. c￿ditOrS and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer ol funds lo a third paty and the amount due lo settle the obligation can be measured or eslimaled reliably. Creditors and provisions are normally re¢ognised al their settlement amount aller allowing for any trade discounts due. 1.10. Pen$lons The company operates a defined contribution scheme lor the benefit of ils employees. contributions payable are recognised as expenditure when due. 1.11. Foreign currencies Monetary assets and liabilities denominated in foreign Currenciès are translated into sterling al the rates ol exchange ruling al the balance sheet dale. transactions in foreign currencies are translated al the dale ol the Iransaclions. all gains and losses on exchange are wrillen oll in the income and expenditure account. 1.12. Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised al transaction value, and subsequently measured at their selllemenl value. 1.13. Significant Accounting Estimates and Judgements In determining the carrying amounts ol certain assets and liabilities, the charity makes assumptions ol the ellects of uncertain lulLJre events on those assets and liabilities al the balance sheet date. The charity's estimates and assumptions are based on historical experience and expectation ol future events and are reviewed annually. Incoming resources The total theatrical income lor the year has been derived from the principal activity- The proportion ol theatrical income derived from outside the UK amounted lo 59Q/. 12023 . 65D/.I. 22

Akram Khan Dance Company (Llmlted by Guarantee) Notes to the Financial Statements for the year ended 31 March 2024 Net lexpendlturellln¢ome for the year Is stated after charging: 2024 2023 Depreciation ol tangible fixed assets Deficit on disposal of tangible fixed assets Deficit on foreign exchange Auditors, remuneration external audit other services 11,426 973 43,001 9,546 805 5,000 5,000 5,000 3,000 and after crediting: Surplus on foreign exchange 5,830 Trustees. emoluments and reimbursed expenses The trustees received no remuneration during the year12023 £nill. The aggregated amount reimbursed lo Iruslees during the year was £nil12023 - £nill. 23

Akram Khan Dance Company (Llmlted by Guarantee) Notes to the Financial Statements for the year ended 31 March 2024 Staff costs and numbers 2024 2023 Staff costs Salaries and wages Social securtty costs Pension Costs Ex-gralia payments 379,143 33,113 12,962 15,470 340,715 29,572 13,187 15,145 440,688 398,619 No employee earned £60,000 or more during the year12023 - £nill. The key management personnel of the charity comprise the Trustees and the Senior Management Team. The lolal employee benefits and lees ol the key management personnel of the charity were £415,06812023 - £378,340). Ex-gratia payments - the Trustees agreed to make bonus payments lo employees in the year tolalling £15.47012023 - £15,145). Staff numbers The average numbers of employees (including casual and part time slalll during the year was made up as follows.. 2024 Number 2023 Number Production Support 13 12 Pension costs The company operates a defined contribution pension scheme in resped ol its employees. The scheme and ils assets are held by independent managers. The pension charge represents contributions due from the company and amounted lo £12,96212023 £13.1871. Corporatlon taxatlon The charity is exempl from lax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 01 the Taxation of Chargeable Gains Act 1992 to the exlenl that these are applied to its charitable objects. 24

Akram Khan Dance Company (Llmlted by Guarantee) Notes to the Financial Statements for the year ended 31 March 2024 Fixed assets- tangible assets Planti machinery Fixtu￿$/ fittingsl equipment Total Cost 1 April 2023 Additions Disposals 65,007 15,470 11,2031 23,175 3,521 16,4741 88,182 18,991 17,6771 31 March 2024 79,274 20,222 99,496 Depreclatlon 1 April 2023 On disposals Charge for year 38,060 11,1341 9,167 14,886 15,5701 2,259 52,946 16,7041 11,426 31 March 2024 46,093 11,575 57,668 Net book values 31 March 2024 33,181 8,647 41,828 31 March 2023 26,947 8,289 35,236 Debtors 2024 2023 Trade debtors Other debtors Production costs in advance Prepayments Accrued income 353,109 47,555 217,533 23,417 240,805 402,867 25,074 41,386 31,299 882,419 500,626 25

Akram Khan Dance Company (Llmlted by Guarantee) Notes to the Financial Statements for the year ended 31 March 2024 10. c￿dItorS. amounts falling due within one year 2024 2023 Trade creditors Other laxalionlsocial security Other creditors Accruals Deferred income Inole 111 204,051 8,083 12,816 115,667 267,642 111,255 8,768 10,839 145,127 70,871 608,259 346,860 11. Deferred income Balance at 1 April 2023 70,871 Amount released lo incoming resources Amount deferred in the year 170,8711 267,642 Balance at 31 March 2024 267,642 Deferred income relates to theatre income received in advance. 12. Llmlted by guarantee The private company is limited by guarantee, registered in EW - England and Wales, and does not have a share capital. Each member gives a guarantee lo contribute a sum, not exceeding £1, to the company should il be wound up. Ai 31 March 2024 there were 11 members. 26

Akram Khan Dance Company (Llmlted by Guarantee) Notes to the Financial Statements for the year ended 31 March 2024 13. Unrestricted funds Brought lorward Incoming resources Outgoing resources Transfers Carried fonvard General fund Designated funds.. Ringfen￿d reserve fund Project fund Legacy projects 142,002 1,989,765 11,925,063) 123,3811 183,323 250,000 88,820 3.978 250,000 1112,2011 13,6201 23,381 358 484,800 1,989,765 12.040,8841 433,681 Ringfenced reserve fund This fund represents a rignfenced amoLJnl equivalent to a three month provision should the charity cease operating. Project fund Having used a lol of OLJr big co-producer contacts lo fund Xenos, we created the project ILJnd lo underwrite the costs of future projects which may require a higher level of funding. Legacy projects Our designated Legacy fund supports artistic, educational and training projects that ensure the conlinualion ol Akram's choreographic legacy and AKC values. 14. Restrlcted funds Brought forward Incoming Outgoing resources resources Carried forward Creative Engagement - Sri Lanka Teacher Development Fund 15,000 4,457 14,2901 125,2151 10,710 6,742 27,500 19,457 27,500 129,5051 17,452 Creative Engagement- Sri Lanka Funds from British Council towards the project Creative Engagement Experience, Sri Lanka 2023-24. Teacher Development Fund Funds received from Paul Hamlyn Foundation towards the Teacher Development Fund. 27

Akram Khan Dance Company (Llmlted by Guarantee) Notes to the Financial Statements for the year ended 31 March 2024 15. Analys1$ of net assets between fund$ General funds Designated funds Restricted tunds Total Fund balances at 31 March 2024 are represented by.. Tangible fixed assets Nel current assets 41,828 49,055 41,828 409,305 342,798 17,452 90,883 342,798 17,452 451,133 16. Financial commitments Al 31 March 2024 the company had lolal future commitments under non-cancellable operating leases as follows.. 2024 2023 Due: Within one year Between one and five years 27,672 30,184 24,209 57,856 24,209 17. Related party transactlons During the year the company had no related paty transactions that required disclosure. 18. Reconciliation of net incomellexpenditurel to net cashflow from operating activities 2024 2023 Nel incomellexpenditurel for the reporting period las per the statement of financial activities) Depreciation Dividends, interest and rents from investments Delicil on the sale of fixed assets Decreasellincreasel in debtors IDecreasellincrease in creditors 153,1241 1371,6701 11,426 14901 973 1381,7931 261,399 9,546 11421 805 805,463 1475,2151 Net cash outflow from operatlng actlvltles 1161,6091 131,2131 28