Charity numbor: 1171464 Company number: 08773567 (England and Wales) Alexandor Whltley Dance Company Report of Iho Truslees and Unaudlted Financial Statements For the yoar ended 31 March 2024 Alexander Whitley Dance Company Contents Page For the year ended 31 Mareh 2024 Report of the Trustee8 1to10 Independent Examiner's Report to the TnJsle6$ 11 Ststemenl of Financial Activities 12 statement of Financial Position 13 Not8g lo the Flnanrial Stalements 14to20 Alexander Whitley Dance Company Report of the Trustees For 12 months ending 31 MAreh 2024 The Truslees, who are also the directois for the purposes of company law, have pleasure in preseuling their report and the fjnancial statements for the charitable cornpany for the 12 months ending 31 March 2024. The TNst¢¢s have adopted the provisions of A¢¢ounting and Rq)orting by Charities.. Siat¢ment of Recommth]ded Practice. applicable to charities prepaTing their accounts in accordance with the Financial Reporting Standard applicable in the UK alld the Republic of Ireland (FRS 102}. (Effective January 2015) Screen Ima8e from A￿Xanderwh1tleY Dance Companvs movemeTrt crimpD5ition software. Otmo OBJEcfivES AND ACTIVITIES The objects for which the Company is established, as s¢t out in the governing document. are: For the public benefit to advance education in and knowledge, understanding and appreciation of contemporary dance in particular, but not exclusively, by dcveloping and Producing live public p¢rfomances and workshops, master classe¥ and residential courscs. Alexander Whitley Dance Company cxists as a plarforni for enquiry.. bringing together artists and academics from a wid¢ range of disciplines to explore, devclop and disseminale ideas about movement. Building on a distinguished perfonning caTe¢r. AWDC was founded in response to the ew spheres of knowledge and creativity being opened by digital technology and a widening inl¢resl in dance from think¢rs in other field5 including s¢i¢nce. design, and architecture. 'AIoKander Whitley u one oftke most cerebral meticulous cl￿re0graPherS working in lhe UKioday." Culture Whisper "whit1￿ is a choreogyopherfvll ofbrighi ideas" The Observer Alexander Whitley Dance Company Report of the Trustees For 12 months ending 31 March 2024 Alexander Whitley Dance Company IAWDCI is an internationally acclaimed artist-led creative studio that has been redefining the boundaries of dan¢e over the past decade through its pioneering work with digital technology. The company create multi-disciplinary performance experiences across stage, screen, immerswe and interactive platforms. which have been presented across many of the world's most prestigious theatres, festivals, and medla channels. Creative learning fvels our mission, inspiring ¢uriosity, discovery, and play. We aim to highlight the significance of choreographic knowledge and physi￿1 thinkingj includlng their crucial role in technological innovation. Tailor mAking movement-based experiences and opportunitivo for diverse audiences. we prioritise accessibility, lowcring barricrs to access in dancc and digital technologies. Through workshops, training, and artist development utilising our in-house softwarc plaiforni Otmo, we offer inspiration and nurture CTealivity for new generations of pra¢tition¢rs. The Company's plans are laid out in its business plan and are regularly monitored. The ¢ompany's aims are to: Organise. produce, manage, and promote original contemporary dan¢e works (live and digital) for presentation to the public in the UK and internationally, with Ihc aim oftaking contemporary dance to the broadest possible audience for thc public benefit. Provide educational master classes, workshops, exhibitions, broadcasts and residential ¢ourses to students and professiottal dance artists to engage a wider public beyond the traditional dance audience. Provide training for company dancers via classes and CPD training for educational work. developing their skills, which in turn, ¢an be used outside of the organisation for the wider public benefit. A¢fvocate on behalf of conlempor4ry dance artists with other arts iT￿titUtions, sch￿18. and higher education providers, offering edu¢ational benefLt to third party organisalions and Students. Provide choreographic Sc￿l¢eS through th¢ development of commissioned work for oiher dance companies. which educates and enables the work of the Company to Teach a wider audience. ACTIVITIES In shaping th¢ Company objectives for the year and planning activitieb, the Trustees have considered the Charity Commission's guidance on publi¢ bencfil. In FY24, the company innovated continuously through its use of digital tcchnology and undertook the following activities for Ihc pub]i¢ benefit. Alexander Whi¢ley Dance Company Report of the Trustee5 For 12 months ending 31 Mareh 2024 //,] I l Ji'i,',I,,, Olmo bvesoftware used in ¥ live & dtsltal performance as partof Targét 3D's AMP Net¥York launch ovent During FY24, AWDC: ¢ Pro￿Ssed development of our itmovative movement composition software Olmo {rebranded from DigilalDance Studio) including the addition of pion¢¢ring feattwes such as an inclusive avatar system, which enables the represenlalion of a diverse range of human body types and abstract fomis. (MVP launch expected July 2024). Presented the cuTrent Oimo protot5TY¢ at ¢v¢nrs and conferences including the Prime Minist¢T'S Council of Science and Technology, The Economist's MeÈaveYse Summit, Oxford University. Goldsmith's Mo-cap Streamer Showcase. V&A Friday Late and SIGGRAPH LA (in VR). E Creat¢d a live virtual duet using the Ofvio Software. perfornied at the launch of the Advanced Media Production network. led by Digital Catapult and Target 3D. ¢ Carried out technical and creative R&D for AWDC'S next Sadler's Wells stage commission, doubl¢ bill of The Rite ofspring and a companion piece with composition by Ben Frost for UK and international touring. Thc production will utilise live motion-caplure and cutting- edge Virtual Production technology and be created and perfom)ed using th¢ live version of the Oimo software. £ Established a Digilul Irtnovation Nelworkthrough a University College London grant and secured parttierships with UCL, Target 3D, Marshmallow Laser Feast, London College of Fashion and Sadler's Wells E&st. This network for Inlegratlng Virtual Production Technologies into the Arts and Creative Industries. seeks to address barriers of access and usability. develop innovative solutions, and leverage the tran8fom)ativc power of Virtual Production to streamline content creation processes and enable innovalion in artistic practices. A full programme of parther hosted events is in progr￿$ and runs until July 2024. ¢ Developed plans for the Digital Body Festival, a globally significant opportunity for attists. industry. Communities, and audiences to explor¢ th¢ intersection of the moving body and digitsl technOlo￿e$. National partDers in¢ludo UCL and the Digital Innovation Network, DanceE8st, Watershe& Dancecity and Mediale. with support from East Bank. Sparq. and Googl¢ Arts & Culture. Alexander Whitley Dance Company Report of the Trustees For 12 months ending 31 March 2024 £ Worked with Canadian partners Norn]al Studio and Sandra Rodriguez to further develop Fuluye Riles, a VR experience based on Stravinsky's The Rile of Spring. £ Presented film and Augmented Reality Exp¢ri¢nc¢ Chaolic Body 2 at ZED ftstival (Bolo8na) and the V&A (UK). ¢ P¢rfomied stage production Anti-Body at the Science & Theatr¢ F¢stival (Heilbronn, Gerniany) and Wonderfrnit Festival (Chon Buri, Thailand). ¢ Crea￿d a commissioned perforniance work for visual artist Lucy Orta as part of Earth Day 2023 in Granary Square (London). ¢ Collaborated with London Colleg¢ of Fashion for the fourth year. working with 21 MA Costume for Perfornlance design students, including a commissioned performan¢e as part of their graduatc showe&8e at their new building in London's East Bank Cultural District. £ Delivered 25 workshop.q, for over 290 participants, a¢ross England, using Oipxo for secondary. further education, and Iligher education in5titytions. £ Connected with the Jordan National Gallery of Fin¢ Arts and FutureEverything, where Alexander ¢ondu¢ted a series of Brilisb Coun¢il-funded mcntorships for artists in Jordan. Alcxandcr also dclivcrcd s¢v¢rnl talks including at BEYOND 2023 at the Royal Institution 'Exploring th¢ boundaTi¢S of t¢chnology-enabled live perfornian¢e'. È Supported Digital Engagement Directur, Stacie Lee Benn¢tt-WortM in participating in thc National Centre for Academic and Cultural EKchan8¢ and at the Centre for Artificial Jntelligencc Research. Opened Studio 90, our new satellite space in Hackney Wick which has become a base for year-round workshops and engagement activities. ¢ Expanded our team to include tAlented young professionals including a young ambassador. Next Gen Board Advisor and two recent UCL graduates as creative programmers. ¢ Collaborated with Dr Dani¢l Strutt who undertook a year-long British Academy Fellowship with the company, focu5sing on accessibility and inclu8ivity. ¢ Partnered with A New Direction's STEP 9 programm¢, to recruit A Content Creator and Social Media Intern, local to East London. Impact The company's work inspires and educates". "Ma&sive thank¥ lo A WDCI7￿￿ Medialeforgiving us all the amazing opporft4nitv loparlicipale in ihe Dance + Di￿tal Crealive Developmenl weekexd in Selby. Ihad ihe best time experimenting and deepening my knowledge about how movemenl t7nd iÉchnolo&v can exisl logeiher. J have beeh so inspired. - OIMO Workshop participan¢ Selby "Whut I liked L7bout your company is it was occessiblefvr my 5tudents...I've never come across onything like a project like this.-_ Teacher at a SEND school Alexander Whilley D8D¢e Colnpany Report of the Trustees For 12 months ending 31 March 2024 Partlcipam from Wor￿hOP￿ mthd[sab￿d darKe corryanyAMICI DarKeTheatre I lrnège byAliEe Underwood AWDC engages arts attendees and industry {wnt¢mpordry dance, balleL visual arts, video and digital arts, contemporary and classical music), daTJce swdents, school children and families, as well as science, technol08y. and new media audiences. Over 6,500 audience memberslparticipanls benefit annually from UK and int¢rnational touring and associaled edu¢alion activities 2nd 93.00(FF via online music/vid¢o content. FY25 Plans Complete Oimo fin21 build and product launch, ahead of showcasing opportunities al Fifth Wall Festival (Philippines), Hong Kong Perfomiing Arts Market, Tanz Karlbruhe al ZKM Karlsruh¢, Cenler for Art & Mcdia {Gem]any), and the Digital Body Festival (London). Launch the Digilal Body Feslival in Easi London and online in November 2024 (pending funding). This is opportunily lo draw togciher the nwnerous partnerships and collaborators we have developed aruund this line of work ov¢r the last ten year5 and an intention to create a platforni to showcase and support other artists working in this territory. Create Living with My Digital Twin.. new mov¢ment-based animated film ma(k with young people using Othio to be shown at the Digital Body Feslival. Further develop Futhre Rlles VR alJ¢ad of its FY26 premiere and featuring at Tribeca Immersive 2024 as part of The Circle, incubator progrdmme. Partnership funding includes Canada Media Fund and Luxemburg Film Fund. Further (kvelop The RI￿ ofspring double bill. a Sadler's Wells ¢omtni5sion, fe&tUTing Oimo Live ahead of production dates and previews at Danc¢Easl, our base in Ipswich and a London pr¢mier¢ al Sadler's Wells East in June 2025. before touring in the UK and internationally. Offer a new. year-round learning programme. based on our innovative work with technology. from Studio 90 in London, with partners DanceEast in Ipswich. and on tour. including support for independent artists in immersive and interactive te¢h. Support and participate in the UCL Digital Innovation Network events ai Sadler's Wells, Marshrnallow Laser Feast. Target 3D and the Digital Body Festival. Alexander Whitley Dance Company Report of the Truste For 12 months ending 31 March 2024 Continue to evolve the company business model. into a more self-sustsiningj and commercially active creativ¢ studio. Invest in a motion ¢apthr¢ system for use across our crealive activities, through generous support from the Foyle Foundation. This key asset will also enable new income streams through hires and professional services at Studio 90. Data Protection AWDC'S data protection and priva¢y policy is GDPR complianl and published on our websit¢. Flnanclal Revle For AWDC, FY24 was one of investment in rese(￿Ch and digital innovation, development of major projects that have been years in the making that will be launching in 2024 & 2025. and l¢aming, in preparation for a further transition of our business model to include more diverse sources of income. In FY24 incoming resources were £375,548 (FY23 £381,492.51) of these, £180,821 cam¢ from grants. Total r¢sourc¢s expended were £402,765 {FY23 £386,390). As a project-fvnded company, it can bc challenging to bridge the gap betwccn projects. Critical core ￿ndIng came from the second of a 3-year granl from the Jolm Ellornian Found8tlOD wbich supported the Artistic Director, Exccutive Director and Digital Education & Engagement Director ([- 2 days per week). Arts Council England (ACE) is AWDC'S principal funder and the organisation reports to ACE through mandatory National Lottery Project Grants interim and final project reports. In FY24. AWDC rec¢iv¢d an ACE National Lottery Proj¢¢t grant of £76,770 for Di￿¢￿1 Body Feytival. Future Rites and Otmo (Digital Dance Studio) development. Other public funding came from an Innovate UK Creative Catalyst grant (£46,875) for the development of Otmo. Local authority funding was also received from Discover Young Hackney for a series of workshops at S¢udio 90 (£1.585). In FY24, earned Income from performantes, educational activities, commlsslons, digital-d#nce projects & other Ineome totalled £148,203 representlng 390/• of ihe company's turnover. We are very grateful to those individual donors who have supported the cvmpany. PTivats donations received w¢re'. £30.012 £10,000 £. 6.433 79 £46,524 Individual dona¢ions Co￿Or￿te donalions Gift Aid Givc as You Live Total donations received We are also gratethl to the following trusts and fow]dations for th¢ir SUp￿)rt during the year: £44.590 £ 5.000 £. 3.000 £. 3,000 £55,590 John Ellern)an Foundation- 2. of 3-yr award for core salaries A New Direction - support for hiring Intern as part of STEP 9 Big Give TNstAieed Foundation- support for projects in 2024 Coln Trust- Support for development of Otmo (Digilol Dance Siudio) Total Trust & Foundation $upport Alexander Whitley Danee Company Report of the Trustees For 12 months ending 31 March 2024 Reserves AWDC is a Charity that op¢rat¢s on a proj¢ct basis with few long-terni f]xed costs. Project activity is undertaken (Inly when a significant percentage of the required resources bave been identifL¢d, and contracts are entered into only when sufficient resources have been identified to meet COntr￿tUal obligations. In FY24, AWDC had a loss of £27,217 for the year. with £24.438 total fill￿8 caTried fonvard, of which none is restTiCted. The loss is due to the receipt of £29,292 in fiu)ds from FY23 carried forward for aclivi¢ies taking place in FY24. Taking this liming difference into accounl, Ihc company had a FY24 surplus of £2.075. The Board regularly monitors the level of reserves to ensure that they are comm¢nsurate lo the level of financial activity and with enough ￿ndS to address unforesecn circum.qlan¢es and future overhead8 with a goal of gradually building greater reserves over time. Our target res¢tve figure is of £45,000. rRUCTURE, GOVERNANCE & MANAGEME]Yr Governing D(rtument Thc Company was incorpornted on 13 November 2013 and is governed by its Memordndum and Article5 of Association as amcnd¢d by special resolution 19 December 2016. Th¢ Company is limited by guardntee and has no share capital. The Company was registered as a charity with the Ch￿lty Commission on 3 Febnthry 2017. Organivdtional Stru¢ture The Board ov¢rs¢¢s and administers the charitable Company. scrutinizes the financ¢s, discusses, and supports the management in financial matters. The Board meets quarterly and monitors th¢ Company's progress against tk current business plan. All day-to-day operating decisions are made by the Executive Director. Donna Meierdiercks and Artistic Director, Alexander Whitley. All artistic planning and policy de¢isions are made by the Artistic Director. within the business plan framework approved by the Board. Board members give their time voluntarily and receive no remuneration or other benefits from th¢ charity. Thc skills make-up ofthe Board is r¢gularly reviewed, particularly when a member resigns, and people with strengths in areas less represented on the Board are proposed. In line with the Articles of Associalion. new Board m¢mbers are appointed at a mccting wher¢ a minimum of two serving Dircctors are in attendance. On appointment, Board members ar¢ given the Company'b Memowandum and Articl¢s and most re￿llt business plan, plus the most recent minutes and thc Charity Commission's"Tn]stees Welcome Pack" and 'The Essential Tru5tee'. What you need to kno￿, ('Good Governance A Code for the Voluntary and Community Sector.,) The pay for management and artists is reviewed annually and nornially increased in accordatLce with guidance from Equity and Independent Theatre Council to Tcflect a cosl-of-living adjustn]¢nt. In view of the nature of the charity, the Board benchmarks against pay levels in other ¢barities ot a similar size operating in the arts sector. Diversity is at the heart of the company. AWDC employs an ethnically div￿5¢. international team of freelance collaborators. dancers, and staff. 6￿/Th of A1￿c.$ board & senior team (aged 26-60) ar¢ female. ethnically underrepr¢s¢nted or LBGTQ+ and we are committed to creating 2ccessibl¢ & inclusive spaces for divers¢ audiences io participale & enga8e in our creative PTocess¢s. Alexander Whitley Dance Company Report of the Trustees For 12 months eDding 31 March 2024 Financial Controls Financial controls are reviewed annually. The company's next review of its financial controls is scheduled for th¢ September 2024 meeting of the Board of Trustees. Financial Teporting: Management accounts- produ¢¢d and reviewed by sraff team quarterly. Quarterly financial Teport (adual vs budget, P&L and Balance Sheet) reviewed and approved by the Board on a quarterly basis. Routine financial management ts delegated to the Exwitive Director and Artistic Direc¢or. All income is madc payable lo Alcxander Whitley Dance Company and paid into the con)pany's bank account.. Thc Co•operative Banl P.0. Box 250, Delf House, Soutbway, Skelmersdal¢, WN8 6WT, UK. The majority of inward payments are made by BACS and includes grants from funders. perforniance fees, commission ￿lld5 and donations from individuals. All outward paymcnts require dual authorisatson against involce. The company does not havc a credit card but has secured a £25,000 overdraft facility from The Co-operative Bank. Fraud Risk.. The Trustees have reviewed the principal risks associated with the company, including fraud, and have concluded Ihat th¢r¢ is minimal risk of fraud. There are solid financial controls in place, littl¢ cash handling, delegated authority levels, and dual authoris&tion on bank accounts. Management accounts are produced and reviewed on a quarterly basis. Risk Management The TnIst￿S have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees consider ihe detsiled operation of the cumpany and the associated risks at their regular Trustees, meetings. Trustees, Remuner4tlon and Benefits There were no TTUStee5' ￿muneration or Oth￿ benefits for the 12-month wiod ended 31 March 2024 (nor for the year ending 31 March 2023). Chor¢ographi¢, rehearsal and touring fees (not for service us a Tn￿le¢) were paid to Artistic Dir¢clor Alexander Whitley during the 12-monih period totslling £54,450 (FY23.' £56,204} gross of tax. His rate of pay was approved by the Trustees of thc charity on 12 December 2022. Aiemnder Whiiley is not paty to th¢ Tntstees, discussions about his remuneration as Artistic Director. Artistit A$￿￿￿tIOnS Alexander Whitley is a former New Wave Associate at Sadler's Wells Theatre. fornier Choreographic Affiliate of the Royal Ballet and AWDC is a fornier Associate Company of Rambert. Alexander Whitley was an Associate Artist at DanceEast from 2014 to 2016 and the company has been based there since December 2016 receiving regular advice and in-kind support for pri)ductions. Alexander Whitley is an Associate Artist at Queen Mary University of London and a tutor on the 'Design for Perfomiance & Interaction, Masters coutse al The Bartlett S¢hool of Architecture- University College London. Alexander Whitley Dance Company Report of the Trustees For 12 months ending 31 March 2024 REFERENCE AND ADMINISTRATIVE INFORMATION Name of charity Charity registration number Company registration number Principal address Alexander Whitley Dance Company 1171464 08773567 Je￿00d D2nceHouse Foundry Lane Ipswich IP4 1 DW Trustees The t￿ste¢S serving during the year and since Ihe year end were as follow5.. Thomas Higham Kaushik Ray Denis Shafranik Dr Cindy Sughrne OBE (Chair) Florence Uchida Alexander Wbiiley Kad¢ Stroude Emma McFarland David Ripert Independ¢nt examiners Counterculture Partnership LLP Unit NH.204, El Studi05 7 Whitechapel Road LoDdotk E I IDU Prlncfipal staff Donna MeieTdiercks. EX￿utiVe Director Approved by the B d of Trustees and signed on its behalf by Dat¢ Dr. Cynihia Sughru¢ (Chair) 10 Alexander Whitley Dan¢e Company Independenl Examlners Report to tho Trustees For the yèar endéd 31 March 2024 l ffjport to tho trustees on my exarnination oflhe 8¢wunts ofthe charftsb18 company for tho yoar ended 31 March 2024. Respon$lbllll105 and bas18 of r•pDrt As the charity Trust¢&$, who are aso directors for ¢he purposés of company law. are responsble for the prcparglon of thè a¢¢ounis in accL)rdance wfth Ihe requir8ments oftha compan￿ 2006 fth8 2006 ACVI. Having satisfied myseK that thè 8eeounts of the Company are not roquired to be audlled under Pwl 16 of Ihe 2006 Ad and are eligiblè for independent examination, I report in respeet of my examinathon of your charftys a¢￿Unts carrKgd out undèr sectlon 145 of Ihe Gharities Act 2011 {Ihe 2011 Act'l. In carrying ovt my exam•iatlon I h8vg folkjwed Ihe Drections gfven by thg Charity Commission under sectlon 14515llbl of Ihe 2011 Aet. Ind•p8ndent examin•rs statement Sinra the Charitable companvs gross incom8 èxesèded £250.000, your exarniner must be a mernber of a tM)dy Ilstsd in $e¢tiDn 145of the 2011 Ad. l eonfim) that l am qualKied to un(Jertake the examination by vlrtug of rny mèmbgrship of Association of Accounting Te¢hniclans. vthlch Is one of the listed bodies. I havg compl•t•d my examination. I confirrn th8t no matttrts have come to my attenthon ¢wnectth with thè exanlnalion giwn9 me cau89 to b81ieve that in any material respect.. 1. 8¢countin9 ￿CordS were not kept in respect of1hè Company as requlred by $è¢tion 386 of the 20C6 ACL. or 2. the 8cttJunts do not accord wth those records,. or 3. tho accounts do not cornply with the requirements of section 396 of the 2006 Act other than any requirement that the ccounts giva a'tw& and fair view which 1$ not a matter consldered as part of an Independent examination. or 4. the account5 have not been PrePa￿d in accordance with the methods and principles ol the Sl8t8ment of Rec¢)mmond8d Praetice for accounting and reporting by charities appllcable to charities preparing 1h&ir aecounts in accordan¢e ¥￿th the Financial Reporting Stsndard applicable in Ihe UK and R8public of Ireland IFRS 1021. I have no concerns and have corne a¢rtss$ no other matters in connection with thè èxamlnalion to which 8ttentk*n should be drawn in Ihis report in order tD enable a proper understanding of the a¢￿Unts to be reached. Andrew M Wells FMAAT Counterculture Partn9rship LLP Unit 115 Ducie House Duriè Street Manchesier M12JW Alexander Whitley Danco Company Statement of Financial Activities {Includlng Income and Expendlture Account) For the year ended 31 March 2024 u￿￿trICted funds R•strlcted funds 2024 2023 Income and endowments from.. DOnatI￿S and legacies Charitable ac11vit￿$ 94,700 74.810 58,393 132.645 15.000 227,345 89,810 58.393 206,961 168,296 6,236 381.493 Olh&r Income T*)tal 227,903 147,645 375,548 ExpendSture on: Charitable 8Ctivilies {225,8281 1225,828) 1176,9371 1176.9371 1402.7e51 1402.7651 1386,3901 1386,3901 Totsl Net In¢omelexpendlturn Reconciliation ol funds Total funds brought lorward Totsl funds car¥led forw•rd 1075 129,2921 127.2171 {4.897) 22,363 24.438 29.292 51,655 24438 56.552 51,655 12 Register8d Numbgr.. 08773567 Alexander Whltley Dance Company statement of Financial Posltlon As at 31 March 2024 Notes 2024 2023 Flxwl ass8t¥ Tangible assets 12 8.625 625 12.708 12.708 Current 4$$0ts Debtors Cash at bank and in hand 13 88,545 337 27,730 48,774 76.504 137,5571 88,882 Cr•dltors: afflounts falllng du• wlthln on• y￿r 14 173.0691 Net curr•nt assets 14813 24,438 38,947 51.655 Total a88ets l•ss curr•nt liabiffitits N•t a55•ts 24,438 51.65S Thg lund* of th• charity Rèstricted Inc￿Me funds Unr&stsicted incom¢ funds 15 29,292 22,363 24.438 24,438 Total funds 51.655 For th8 year ended 31 March 2024the ¢ompany wos entlued lo exemption from audit uTrJgr $8ction 477of Ihe Companles Act 2006 relating to small companies. The members have Th)t required th8 Company to oblain an audit ol rts accounls for the in questK)n in accordance with Section 476, Thg trustaes acknowledge their resp¢n$ibiliti•$ for complying th th• requlrements of thÈ Aet wtth respect to acc￿ntIng cords and the preparalion of accounts. These accounts have been prèpared in ac¢ordance wllh the provisign$ pplicabl? to companies subject to thg srnall comp8nles' regime. The financial statamènts wor• approved and aulhorised for issue by the Board and signed on ils beh8W by: 13 Alexander Whltloy Dance CoTryany Notes to the Financlal Stalements For the year ended 31 March 2024 1. Accountkng Poli¢i•s 8a91* of ac¢ountlng The financial ststernent¥ havg b¢¢n prepared under tho historical cost convention. ex￿pt for investments which are induded at market valLte and the revaluation of certain fixed as$ets and in accordance with the Charitie5 SORP IFRS 1021'A¢counting and ReportiTrJ by Chariti85'. Statetnent of Rfjcommended Praclice appli¢atAe to charities preparing their accounts in accordance wlth the Financial Reports'ng Stsnd8rd applIG3b￿ in the UK and Republic ol Irèland IFRS 1021 leffeclive 1 January 20191., Financial ReportiTrJ Standard 102 th• Flnanaal ReportiThJ Standard applicabl• in the VK and Republic of Ireland IFRS 1021, and the Companies Act 2006. AFèxandÈr WPTlt￿y D￿￿è Company meets the definition ol a public bonèfft entity under FRS 102. Assets and liabilitiès are inthally recognised at historical cost or transac*'on value unless otherwise stated in thg rglovant acCoun￿n9 pollcy nolel$l. Golng COn￿M The finanual statements are prepared, on a golng concem basis. underth• histoiiyl c>)st conventi¢)n. Funds The charity m8intsins a general unr•5trid•d fund which ￿preSentS thnds wh￿h Irè èxp8ndat4e at the dis¢r8tion of1he trusltes in lurtherarte of the objects of the ch8rity. Su¢h fund$ may b* held in order to financè both working c8pltal ond ¢apital investment. De￿￿n#t•d funds trA)n¥)rfsè ofunrestrlcted fijnds that have been set aslde by the Trnstees for partI￿laT purpos9¥. Restricted ￿ndS have been provld8d to Ihe tharty for patkn"cular purposes. and it is thg policy ol the board of trustees to earefuny Monit￿ the applicati￿ of those ftjnds in acwrdance with the restrictions placed upon th8rn. Tharo is no formal polky of transfer behveen funds or on Ihe allocatK)n of ful￿$ to destyjnated fvnd$. oth$r than 1hat descr¢bed above. Incornlng r•sourc•s All irteornlng resujrces are included in the statement of financial 8etlvRf8s whèn th6 Charity is entitled to the income and the amount ¢an be quanlified with reasonable 8ceuracy. Voluntary incorne is recewed by way of donations and gifts and is Included in full in th8 Ststement ol Flnancial Activibes when reeeivable. Donated assets are included at tho valu? tg the charity where this can be quants'fied and a third party is bearing the cost. The valug of ¥ervic8 provided by vdunteers has nol been induded. In accordanco with the SORP grant5 r•c*ived in advance and specified by Ihè th)nor os relating to 8P8cthc 8c¢ountirvJ perbods ￿ altemalfvely whKh a￿ subject to conditions whlch ara still to be met, and which are outside the control of the ¢harty or wherè it is uncert8in whetherthe condith)ns Can or will b8 met, a￿ deferre(J on an accruals ba&is to th8 period to which they relate. Such deferrals are shown in the notes to the accounts and lh& sums invofved are shown as credllors in account R•sour¢•s •xp•nd•d Llabilities are recognised as resources g¥pgnded whèn thèrè is 4 legal or coistnjctive obtVd81ion commitbng the Charity to the eXp￿d[ture. Fundraising costs are thtrse Incurred In seeking voluntsry conthbullons and do not Indud8 the costs of disseminating informat¥)n in SUPPDrt ol the chArftablè aeli¥ith"es. Charitable ￿tlyty costs *• u￿se costs Incurred dlrecdy in support of expend5Wrt ¢)n the obIects of the charity and ncludÈ project managemenL Govemanc6 costs are those inwrr8d in connèeknon wth admlnlstralion of Ihe charity and cornplian¢e wlth constitutv)nal and stalulory rnquirtrrn•nts. Taxallon As 8 registÈr•d eharity. the company is exemptfrorn income and corporation tsx to the extent that its in￿m? and 98ins arè applicable to charitable purposes only. 14 Alexander Whitley Danc• Company Notss to the Flnanclal Ststsments Contlnuèd For the year ended 31 March 2024 Tanglble fixed ass•ts Tangibb fixed assets, other Ihan freeh)Id l￿d, are Ststed 8t cost or valuation less depre(ialKJn and any provision for Impairment. Deprecia￿an is pro￿d8d at rates calculated to wrlte off the cost or Valual￿fl of fixed assets,18ss their estim81gd r85hdu81 value. tsvertheir expected uselul Nves on the following b8Si¥.' Plant and machinery Compuier equipment 20% Stralgm li 33°h Straight lin 2. Incom• from donatib)n8 and hgacie8 Unr¢¥trlct8d lund$ Restrl¢t•d funds 2024 2023 Donatlons rgcelvod 46,524 48.176 46,524 180,821 51.651 155,310 Grants received 132,845 94.700 132.645 227,345 206.961 Anaty$l$ of grants re¢eSved 2024 2023 A New Direction s.000 76.770 Arts Council EngL￿d Backslage Trust Big Give TNst Cdn Trust 29,995 13.975 3.750 3.000 3.000 1,585 Discover Young Hacknay Edwin Fox Foundathon Foyle Foundation Innovate UK 26,0￿) 46.876 44,590 Jcknn E118rman FoundatK)n The London Community Foundal*)n (Cockayne Foundation) 44,590 25,000 180.821 155,310 15 Alexand?r Whitley Dance Company Notes to the Financlal Ststements Contlnued For the year ended 31 March 2024 3. In¢omo from charltsbl• aetlvW•s Unr•strithd funds Restricted fvnds 2024 2023 Dano8 (perfonnance. digit81 & educatiTonJ PerfOrMar￿ and digital projecl income Workshcfjs and class9$ Studlo Activity Incom• 50,223 15,000 65.223 14B,916 23.038 1,549 74,810 23,038 1,549 89,810 19.380 15,000 168.296 74810 t5.￿0 89010 168.29$ 4. Other Incom• 2024 2023 Unrestrf¢ted funds Thgatre tax rellef 54.835 3.558 Other income 58,393 236 5. Costs of ¢harll•ble •ctlvltl•s bylund typ• Unrestrlcted nds Re5tricttd nd6 2024 2023 Dance (performan￿, digital & educatlonl Support ¢osts 129.470 176,937 306.407 311,356 96,358 96.358 75.034 225.828 176,937 402.765 386.390 16 Alexandor Whltley Dance Company Not•s to the Flnan¢lal Statements Contlnuod For the year ended 31 March 2024 6. Colts of ¢h•rllabl¢ •¢tlvlll•s by actlvty typ• A¢tlvltles undertak•n r•dly Support costs 2024 2023 Support costs Dan¢¢ Ip•rlorni•n¢g. dlgltal & •ducatlon} Danc• Ip•rfomiance, dlultal & edW￿￿onI OeprecAth"on- owned assets Artist FÈ88 85,404 85,404 65.251 10,954 10,954 151,570 411 9.783 119.714 2.768 151.570 411 Olher Costume. Set & Music costs Equlpment hire & Transport Technical P8rsonnel 7,575 8,285 33,688 7,575 8,285 33.688 29.571 34,437 17.603 Prtsjèet Producer & Management Educatlon Ddlvory Spa¢9 costs Touring Costs Marf(eting & PromotKJn Fundraising Owantsauonal Development 41,279 2.392 25.296 28,OS6 7,202 653 41,279 2.392 25,296 28,056 7,202 653 25,408 6,974 25.269 35,403 13.804 405 306A07 96,358 402,765 386.390 306A07 96,358 402,765 386,390 7. Anal￿18 of 5￿port costs 2024 2023 Danc? (p¢rfomiwK•. dlgttal & •du¢atlonl Management Overheads 56,954 20.090 55,653 19,381 Office Ren181 Costs 19,314 96.358 75,034 17 Alexander Whltley Dance Company Notes to the Financial Ststements Continu•d Forthe year ended 31 March 2024 8. Nel In¢omellexponditur¢} for th• y•ar This is stated after ¢hargin9ll¢rediting1". 2024 2023 Depreciation of owned fixed assets 10.954 9,783 9. Staff costs and emolumtnts Total staff eosts for the year ended 31 March 2024 were: 2024 2023 S818rf•s and w8g&$ Pension costs 49.1))O 42.166 1.822 50.988 43,988 No omployee eamod moro Ihan £60.000 durfng Ihe year12023=nill. The remuneration of key manÈgement is outlined above. 2024 2023 man0￿ment 10. Truslee remuneration and r•knt•d party transa¢tlon$ During the year, payments of £54,45012023 £56,2041 wer8 made tg Akxander Whldey a INsloe. for his 58rvi¢es as a choree/Jrapher and artislic director. P8yments of £6(K)12023". £4.8001 W9￿ also made to Mediale lor consuKanw semces. Tom Hlgham, a Irusteè. is also the Cr8alve Diredor of Medial8. There arg no othèr r*lated party transactions lo di$¢h)se for 202412023 none). 18 Alexander Whitley Dance Company Notes to the Financial Ststements Contlnued For the year ended 31 March 2024 11. CMipor•dve forlhe Stalement of Fin￿la• Activiti•s Unrostrfct•d nd8 Restrict•d fvnd8 2023 Incok valu0$ At 31 March 2024 1,137 8.625 At 31 M8r¢h 2023 5.038 7,670 12.708 13. Oebtors 2024 2023 Amount$ dug withln onè yoar.. Tradg debtors Prepayments and acttuèd Incomè 16.492 72.053 9.409 18,321 88.545 27.730 19 Alexander Whitley Dan¢6 Company Notes to the Financlal Ststements Contlnued For the year ended 31 March 2024 14. ¢r•ditOTS: arno￿￿ falling dy• v41thin on• y•ar 2024 2023 Trade Creditors 65,043 20.800 12.2721 19.029 Other ¢rtrditors Ac¢ruals and deferred In￿Me 4.182 73,009 37.557 15. hlovemerrt In lund$ Unrgstrlctsd Funds Balance at 0110412023 In¢4)mlng r•s•urees Outgolng r•souru8 Balanc• al 31A1312024 Genw41 General 22,363 227,903 1225,8281 24,438 22,363 227,903 1225,8281 24.438 Unr•strict•d Fund¥- Pr•vlou$ y•ar Balan¢e at 0110412022 Incomin9 8our¢Ès Outgolng r•sour¢es B•lanee at 3110312023 General General 56,552 274.213 1308,4021 22.363 56,552 274213 1308.4021 22.363 Purp08• of wirestrict•d Funds Gengral For the general promotion ol the charity'8 a¢tiwlles Al¢xander Whltley Dan¢e Company Nctès to the Flnanclal Statsments Contlnued For thè year ended 31 March 2024 Restii¢t•d Funds Balance at 0110412023 Incomlng r•stsur¢oS OutyolR9 Balance at 3110312024 r•$our¢ès Cockayrw Foundation A New Direetlon 20,000 120.0001 15.(KlOI 176,7701 19,2921 1S,(X)01 145,8751 115,0001 5,000 76.770 Arts Council Backstag? Trust Coln Tntst 9.292 5,000 45.875 15,000 Innovatè VK Sa¢Jlers Well 29.292 147,645 (176.9371 Rèstrict￿ Fund8. Pr•vious yèar Balan¢• at 0110412022 In￿rnIng resourc•$ Outgolng MBovr¢ Balance at 3110312023 Coekayne Foundation Arts Council 25.000 29.995 13,975 38,310 {5,0001 129,9951 14.6831 138,3101 20,000 Bsckstage Tntst BFI 9,292 107.280 177,9881 29.292 21 Alexander Whltley Dance Company Notes to the Financial Statsments Contlnued For the year ended 31 March 2024 Purpme 01 restrfct•d fund? Comrnissions This fund holds grants and funds giv$n lor the production of specifi¢ works. Arts Counul This fund holds grants arKI fvnds given for the production of spe¢lfi¢ works. Backstage Twst Bathstage Tnjst fund15 for staff roles which wlll underpin the dovolopment of the Digitsl Danc8 Studlo ¢horeo9r8phic 50fiware Isubsequendy renamed Otrnol. Co¢kayne Foundatlon Cod(ayne Foundatk)n fvn¢J is lor the croalon of new double bill staga producllon- Rite of Spring & companion work with music by Bèn Ffost. BFI BFI fund 1$ for a short stage workcommlssioned for their Lumirvjus fundraising gala. Sadl8rs Wells sad￿￿5 Wells fund is for the commis5￿n of Rite ol Swng double bil. A N¢w Direth"on A New DSre¢lion fiJnd is lo partially support the ¢ost of an intèm. Innovate UK Innovatg UK fund is for developmgnt ofth8 Olmo chorgographr $gthvar• for commercial use. Coln Tru3t Cdn Tw$1 fund is for develcpment ol the Olm ¢horeographic sofh¥are. 16. Anolysls of net a$$gts b•tw••n lunds Tanylb Ilx4d a￿•ts Net ¢urr¢nt N•tA85ets a$s•ts I Unrestrlcted lunds G8ngr#l Genèral 8.625 15.813 24.436 Restrlcted funds 8.625 15.813 24438 22 Alexander Whltley Dance Company Notos to the Financial Statsments Contlnued For the year ended 31 Mar¢h 2024 Pr•vlous year Tgnglble fix•d ag¥0ts M•t ¢urront 8880ts 1 Ilthblllllo51 N•tAg80ts Unr•stri¢ted fvnds General Gèneral 12,708 9,655 22,363 Restrlcted funds Cockayne FoundatSon Bad(slage Trust 20,000 9.292 20,or)o 9.292 12.708 38,947 51,655 23