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2022-07-31-accounts

char￿ r•glslratlon number 1172741 DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022

DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Ms VAllèn MrA Murray Mr R Linecar Charlty numbor 1172741 Reg￿tored office 21&218 R898ncy C￿rt Upper Frfth Street Milton Keynes MK9 2HR Ind•pondent examiner Crouch8rs Ltd 2 cOpp￿hOUse Court Caldecotte Business Park Milton Keyne$ Buckingham8hire MK7 8NL

DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Tru$lge$' report Independent oxaminefs report Slalement of financial activilies Balanc8 sh88t Statement of cash flows Notes to the finanaal statements 8-13

DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2022 trust￿ present their annua report and financi81 statements for ts year ended 31 July 2¢y22. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply wrth the Chariivs govgming d¢)cumenl, the CharitiesA¢t 2011 and"Ac¢ounting and Reporting by Charities.. Stsleménl of Recommended Practice applicable lo charities pr8paring their accounts In accordance %wth the Financial Reporting Standard applicable in the UK and Rewblic of Ireland IFRS 1021. (as amended for accounting periods wmmencing from 1 January 20161. Objectives and acuvltles The charity's oblects are lo advance edu&ion for the public benefft through Ihe provision of vocational education and training in the performing arts delivered through the thority's own sch￿1, for young ￿0p19 aged 2 to 25. Th8 Trustees have paid duo regard lo guidance issued by the Charty commi￿on in deciding adivrfies the Chaiity should undertake. Thè Chaitys adivilies provvje xcess to high quafty, prtrvocattonal and vocational perforrning arts training for 8ludenls both from the local area and a wder geographical catchment. The Charity also prowdes acces5 to high quality dance and performing arts Studios for use by both I￿81 organisations and renownad professional companies. Achlwements and performance The 21122 academic year saw continued grovAh for the college, wth a strong intske of 30 students for the headline professional training course, the BA (Hon$} in Professional Dance & Musical Theatre. validated and in partner8lMp with Buckinghamshre New Unrv8rsty. The qualty of appli￿nts was improved from the previous year's Intake arml the panel were still able to be selective about applicants wlh more than 90 people auditioning for the course. In order to make as much space available for the headline professional course, a Smaller cghort of Sixth Form were recruited. with 21 new students joining. Sadly, gender diversity across bolh courses ramains poor, with an ents'rely female 81udenl cohort in this period. Plans and OLrtreach activities to address this imbalance are berng continued and tutor recruitment IS also being used lo provide more gender equality in the leaching team. Diversity in student ethnicity is also limited, bul again, plans are in place to actively improve diversity across the sludent body. Agaln, diverw in the leachtng team is also being used to he perception and r8cruitmenl of a more diverse sludenl bo(Jy. The Junlor School continues recover from the challenges prowded by the pandemic. In the first quarter of the '211 22 AY, numbers recovered significanly. with an stsrting sludenl ¢ounl of 291, Ti$ing to 363 by the end of the quarter. Numbers remained stable and continued to show st• grth￿h to a maximum student eouni of 4ts) by the end of the year.

DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 Flnanclal revlow The principal Source of income in the fiT8t Ptsr￿d was recei￿$ under the terms of an agreement wth Buckinghamshire New Universty and Bedftxd College. and from the operaticffl of classes in Dancebox Junior School. In the YE July 2022, the chBrity's income totslled £742.524, whth reflects just over a 42%increase in income from the YE July 2021. when the total income wo5 £520,156. This a￿Ur81e1Y reflects th8 planned growth in sludent numbers as the degree course continues to b8 rolled OLrt, and reflects the recovery in student numbers ond income of the junior school provision. To meet the expanding delivery needs of the colle9e and the education81 reqU1￿ments of the FE arKI HE programmes, there was a 52% increase in costs in Ihe YE July 2022. The Charity has completed a risk assessment arKI is wnfident Ihat. that recovery from the Pandemic is Stable. onty moderate iisk lo the Charity rernains. In lin• previous yéars, these risks relate to the sole nature of the partnership agreements under which the educational qualffications are delivered with The 8edford College Group and Bu¢kinghamshire New University. To mibgate these risks, management continue to 8ssess other potential partners and other modes ot training delivery should there be any changes to the current SUt￿￿ntract1ng arrangements. It 1$ the policy of Charty that unrestricted funds which have not been designated for a speL)r￿ use 5h¢yJld maintsined al a lev81 eqLtivalent to btheen thre& and six-month's expenditure. The trustees consder that reserves at this lèvel wll ensure that, in the event ol a significant drop in funding, they will be able to continue the Charty's currènt activities while consideration is given to ways in which addltéonal fvnds may be raised. This18vd of reserves has been maintained throughout the year. Structure, govemance and m•nagemenl Th8 Charity is a c>)mpwy limited by guarantee. The trustees who served dwng the year and up to the dale of sgnature of the financial st8temenls were: MSV Allen Mr A Murray Mr R Line¢ar The tru$lee8' re￿ wa5 approved by the Board of Trustses. Richard Linecar (May 26, 2023 19..40 GMT+ll Mr R Linecar Trustee 26 May 2023

DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DANCEBOX THEATRE WORKS I rewt lo the trusteas on my examination of the finar￿181 statements of Dancebox Theatre lthrks Ohe Charilyl lor the year eryjed 31 July 2022. Responslbllltles and basls of report As the trustees of the Charity you are responsible for the preparati￿ of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in rewct of my examination of the Charity's financial stsl&ments ¢affied out under sedion 145 of the 2011 Act. In carrying out my gxamination I have followod all the applicable DirectK)ns given by the Charity Commission under section 145{5){b) gf the 2011 Act. Independ•nt examlnets statsment- matter of ¢onc•rn Identffied Sinee the Chanty's gross income exceèded £250,000 your examiner must be a member of 8 body listed In section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which 1$ one of listed bodles. Your attention is drawn to the fact that the charity has p￿pared financial ststemenls in accordarte with ACCO￿ling end Reporting by Charrtigs preparing their aco)unls in accord8nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Statement of Recommended Practice Issued on 1 April 2005 wlwch 1$ ￿ferred to in the extant ￿gulatI￿$ bLrt has n¢)w been withdrawn. l understand that this has boen done in order for Ilnancial ststements to provida a twe and fair￿aW in accord$nce with Ggneralty Accepted Accounting Pr8CtiC8 effe¢tive f￿ reporting p*riods beginning on or after l January 2015. I have completèd my examlnatlon. I have identlfied matters of con¢em that gwe me reasonat4e cause to believe that the finandal slalements prepared for the Charity are not fully Compliant with the ae¢ounting requirements of sectKin 396 of the 2006 Act and have not boen prepared fully in accordance wlh the methods and prinoples of the Statement of R￿mmended Practi￿ for accounting and ieporting by charities. No bank account 15 malntsined ￿￿th regards to the charity funds for the year ended 31 Juty 2022 and all funds were handled in the bank account of Dancebox Milton Keynes LLP. Dancebox Mitton Keynes LLP is jointly owned by MrT Linecar-Boulton and Mr M Linecar-Boulton who are related to Trustee Mr R Linecw. Mr R Linecar, a Tru$le@ Was present at the Trustee Meeting when the Trustees approved payment for seNices provided by Mr T Linecai-Boullon and Mr M Linecar-Boullon. Mr R Linecar is related to Mr T and Mr M LineCar-BoU￿. I confimi that there 8re no othèr matters in connection wth the exaM￿￿10n lo which attention should be drawn in this report in order to enable a proper understanding of the finan￿al statement5 to be ￿8¢had. accounting re￿S were not kept in respect of the Charity as requlred by section 130 of the 2011 ACL. or the accounts do not accord with those r9cords,' or exe8pI for the matter of concem noted above, the finan¢kg18talements do not compty with the appI￿able requir8ments concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that ￿ a¢thurrts give a Iwe and fair vièw which is not a matter considered as part of an independfrnl examination.

DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF DANCEBOX THEATRE WORKS I have no concerrts and have come across no other matters in cennection with the examinalitsn to which attenllon should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. This report Is made solely to the Charity's Trustees, a¥ a body, in accc*dance wlh Part 4 of the Charities (Accounts and Report$l Regulations 2008. My work has been undertaken so that I might slate to the Charity's Trustees those matters l am required to state lo them in an Independent examinerfs report and for no other purpose. To the fullest extent pemitted by law, I do not accept or assume responsibility lo anyone olher than the Charty and the Charity's Trustees as a body. for my Work orfor this report. Crouchers Ltd 2 Copperhouse Court Caldecotte Business Park MiFton Keynes Buckinghamshire MK7 8NL Dated.. 26 May 2023

DANCEBOX THEATRE WORKS {A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2022 Unrgstrl¢led Unrestrlcted funds fund8 2022 2021 Notes Charitable aelivilie8 742.524 520.156 Ex Chwltsble activities 614,e56 397,093 Tolal ¢h•Tltabl• expendlture 614,656 397,093 Net Incomg for the yearf Net movement in funds 127,868 123.063 Fund balan￿$ at 1 August 2021 239,763 116,700 Fund balances at 31 Juty 2022 367,831 239,783 The statement of fin￿¢la1 actNities includes all gain$ and los¥es recognised in the year. All income and e￿tndrtUrQ derive from continuing activilre5.

DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET ASAT31 JULY2022 2022 2021 Noles Flx•d assets Tangible assets 67.821 73,359 Curront •s$ets Debtors 309.96e 168,460 Crodltors: amounts falling due vAthln one year {10,1561 12,056} Net curent assets 299.810 166,404 rotsl assets less current liabllltles 367,631 239.763 Charity funds General unrestricted funds 372,004 293,763 367,631 239,763 The financial statements We￿ apwoved by the Truslees on 26 May 2023 Richard Linocar (May 26, 2023 19..40 GMT+II Mr R Linecar Trustee

DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY2022 2022 2021 Cash flow8 from operatlng a¢tlvltles Cash (absorbed byiigeneraled from operations 13 4,554 Inve¥ting activiti Purd)a$e of tangibfe fixed assets (4.554} Net cash used In Investing actlvitlos {4,554) Net Cash used in financlng a¢tivltlo8 Net Increase In cash and cash equivalgnts Cash and cash equivalents at begiming of year Cash and cash equlvalents •t end of y8ar

DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2022 Accountlng pollGI•s Charity infomlatlon Dancebox There Works is a Charitsbl8 Inthrporated Organisalion registered charity in EThJland and Wales. The addres5 of th8 prinaple office is 216-218 Regency Court. Upper Ftrth Street. Milton Keynes, MK9 2H 1.1 Accountlng conv•TrtloD The financial statements have been prepared In accordwKe wlh Ihe Charities SORP (FRS 1021- A¢¢ounling and Reporbng by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in a￿rdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffo¢tbve 1 January 20191, the Finwcial Reportlry Stsndard applicable in the UK and Republic of Ireland {FRS 1021 and the Charities Act 2011. The finanual statements have been prepared lo give a Irue and faif view and have departed from the Charities {A¢counts and Reports) Regulations 2008 only to the extent required to provide a Inje and fair, view. This departure has involved following the Charities SORP IFRS 102) published in October 2019 rather than the Accounting and Reporting by Charib"es: Slalement of Recommended Practice effectsve from 1 April 2005 which has sinee been wthdrawn. Dancd)ox Theatre IAbrks meets the defin￿On of a public benefit enbty under FRS 102. Ass￿￿ and liabilities are initially recognised at historical cost or transaction value unles3 otheMi8e ststed in the relevant accounb'ng policy. The financial slatem8nts are prepared in sterling, which is the fUnctic￿al cwrency of the Charity. Monetsry amounts in these financial ststements are rounded lo the nearest £ The financial statements have been prepared under the historical cost eonvents"on. The PTincipa accounliThJ poliGies adopted ¥e sel out below. 1.2 Going concarn Al the lime of approving the financial ststements, the tru8lees have a reasonable expectation that the Charity has adequate resourc8S to continue in operational existence for the foreseeable future. Thus the tr￿te8$ continue to adopt the going r£)ncern b88is of accounting In preparing the financial statements. 1.3 Charltable fvnds General funds are unrestricted funds ￿leh are aVaila￿e for use al ts discretion of the Trustees in fvrtherance of the general rtje¢thve$ of the Charity and vhbith have not been designated for other purposes. 1.4 Incomè All income is recognised once the Charty has enti￿ement to the income, it is probable that the income ￿11 be received and the amount of income receivable can be measured reliabty.

DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 Accounting poli¢les (Contlnued) 1.5 Expenditure ExperKliture is recognised once there is a legal or constructive obllgalion to transfer economic benefft to a third party, il is probable that a Iran8fer of economic benefits will be required in settlement and the amount of tho obligation can be measured le￿ably. Expenditure is dassified by è¢tivity. The costs of tsach activity are made up of the total of direct ¢osls and Shared costs, including support costs involved in undertaking each aclivily. Direct costs attriblrtable lo a single activity are allocated direclly lo that activity. Shared ¢osts which contribute to more than one activty and support Costs which are not attributable lo a single activity are apportioned between those activibes on a basis consist8nt with the use of resources. Central staff costs are allocated on the basis of lime SFent. and depreoallon tharges allocated on the portK)n of tho asset's use. Expenditure on charitabl8 activikn"e$ is ir￿Urred on diredy undertaking the aclivrfi8s whith fvrther tr* Charitys obje¢lives, 85 well as any associated swport ¢osts. All expenditure 18 incluslve of irrecoverable VAT. 1.6 Tanglbl• ffxgd a86ets Tangible fixed assets costsng £NIL or mLYe are capilali8ed and reo)gnised when ftrture economic bemfits are kyobable and the cost or value of the asset can be mea811red reliably. Tangible fixed assets are initially recognised al cost. After recognition, under the cost model, tanglble fixed assets are measured al cost less accumulated depreoation and any accumulated impairment bsses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measuremerrt of¢osL Depreciation is charged so as lo allocate the c051 of tangible fixed assets loss their residual value over their estimated useful lives, using th8 Straight-line method. Depreciation 1$ provided on the foll¢)wing basls.. Ffeehold land and buildings Fixtures and fth'ngs Comwters 25% 33% The gain or loss arising on the disposal of an asset 15 detemined as the difference betsveen the Sale pff￿eeds and the ￿rying value of the asset. and i¥ recognised in the slalemenl of firbanc￿l activities. 1.7 Cash and cash equlvalents Cash and cash equivalents include cash in harKI, deposits held at call Wth banks, other short-term liquid investments wlh original maturities of three months or less, and bank overdrafls. Bank overdrafts are shown within l)orrowng$ in current Irabilrties. 1.8 Flnanclal Instruments The Charity onty ha$ financial assets and finanual liabilitie$ of a kind that qualify as ba&c fmanual instruments. Basic financial irkstruments are ini118lly recognised at transaction value and subsequently measured at their sethemenl value with the exception of bank loans whiekn aré subsequently measured al amortised cost using the effeciive interest meth¢)d. 1.9 Debto Trade and other debtors are recognised at th& settlement amount after any trade dlsttjunl offerod. Prepayments are valued al the aMo￿t prepaid net tsf any trade discounts due.

DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE> NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 Accounting pollcles (Continuodl 1.10 Llabllltle8 and provlsloDs Liabilities are recognised vthen there is 8n obllgation 81 the Balance sheet dale as 8 result of a past event, it is probable Ih8t a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are racognised al the amount that the Chadty anliThpales it wll pay to settle the debt or the amounl ri has received as advanced payments for the goods or services il must provide. ProTrAsions are measured at the best estimate of the amounts required to settle the oblwJation. ￿ere the effect of the tsme value of money is material, the provision is based on the present value of those amounts, dlscounted at the prfrtsx discount rale that refflects the risks speofic to the liabilty. The unwinding of the discount is recognised in the Statement of financial actiwties as a ffinan￿ cost. Charitable athltles Unrestrtcted Unrnstricted Funds Funds 2022 2021 Sales wthin ¢harrtable ￿111￿118S 742,524 520,156 10-

DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 JULY 2022 Charitablo actlvhl8¥ Charitsblo Charitablo Expenditure Expendituro 2022 2021 Subcontractors Depreciation arKI impairment Pur¢hases and event costs Legal and professional fees Printing and postage Rent Rates and water Light and hoat Cleaning Repairs and maintenance Processing fees Travel and subsistence Office and storage costs Advertising and exhibition costs Waste disposal Admin fees Insurance Other tharilable expenditure 426,177 5,539 75.317 1,080 278,175 5,147 1.206 300 S3 56,720 1.650 2,S31 1,425 8,452 5.369 2.402 11,193 5,583 555 13,700 436 40,898 3.518 2,506 10.408 1,034 5,627 5.250 10,094 18,143 183 6,350 612,906 394,897 Share of govemance costs {s8e note ) 1.750 2.196 614,656 397.093 Auditorfs remun8rdtlon FMS payable to Ihe Charity's audltor and as8oclates: 2022 2021 Audit of thè Charivs annual accounts 1,750 2,196 Trv5tegs During the year ended 31 July 2022. no Trustee received any remuner81i¢)n or other benefits12021- NIL). Duiing the year ended 31 July 2022. no Trustees. expenses have been incurr8d12021'.NIL) Tax•tlon The tharily Is ¢xempl from tax on income and gains fallir¥J within section 505 of the TaxesAct 1988 or se￿10n 252 of the Taxationof Chargeable GainsAct 1992 to the extent thal these are applied to its charitable obieth. 11

DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 Tanglble Ilx¢d assets F￿ehOld land Flxlw88 and Comput•vs and bulldlnos Totsl Cost At 1 August 2021 88,007 3,233 8.920 100,160 At 31 Juty 2022 88,007 3,233 8,920 100,160 Depre¢latlon and Impalrment Al 1 August 2021 DeFfeaatson tharged in the year 21,894 1,760 758 808 4,149 2,970 26,801 5,538 Al 31 Juty 2022 23,654 1,566 7.119 32,339 Carrying amount Al 31 Juty 2022 64,353 1,667 1.801 67,821 At 31 Juty 2021 66,113 2,475 4.771 73,359 Debto 2022 2021 Amounts falllng due within on• year: ArrK)unls owed by joint ventures other debtors 296,216 13,750 154,710 13,750 309,966 168,460 Trade debtors dlsdosed above are classified a8 loans and receivables and are therefore measured at amortised eost. Cr•dltors: amounts falllng du8 within one year 2022 2021 Accruals deferred income 10,156 2,0 12-

DANCEBOX THEATRE WORKS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 10 Doslgnat•d funds Movement in fund• In¢omlThJ R•sourc88 Ba￿nce at r•¥ources &xporvJ8d l AuouBt2021 Movement In funds Incoming B)lan¢eat 1 Auwst 2020 B•lan¢• at •xp•ndod 31 July 2022 General Furhjs 116,700 520.156 397,093 293,783 737,197 {604,9561 426,004 118,700 520.156 397.093 293.763 737,197 1604,956) 426,004 11 Anaty•ls of net assets botbyeen funds Unrestrictad Unrestricted funds funds 2022 2021 Fund ba18nces at 31 July 2022 are represented by-. Tan9ible assets Current ass81s1(liabililiesl 87,821 299,810 73.359 166.404 367,631 239.783 12 Relatsd Party Transactlons During the year 8nded 31 Juty 2022 p8yment8 for Servtes were made lo the following kw management personnel as follows.. Mr T Linecar-Boutton 63,000 {2021'.40,000) r M Linecar-Boulton 62,000 {2021'.40,000) Both are related to Trustee Mr R Lin8car. As al year ended 31 July 2022 Debtors as dlsclosed in note 8 to the accounts include an amount owed by Dancebox Milton Keynes LLP of £296.216 {2021.'154,710) . Mr T Linecar-Boullon and Mr M Linocar-Boulton jointty control Dancebox Millcfi Keynes LLP and a￿ ￿lated lo Mr R Linecarwho is a Trustee of the Charity. 13 Cash genfjrat•d from operallons 2022 2021 SurplLrs for the year 127.868 123,063 Adjustmen15 for.. Deprociabon and impairment of tangible fixed assets 5,146 5,147 Movements in working caprtal.. Ilnc*easel in debtors Increasel{decrease) In creditors {141.5061 8,100 {117,6561 {6.000} Cash (absorbed by)Ig8n8rat8d from operatlon5 1392) 4,554 13-

Dancebox Theatre Works Annual Report & Unaudited Financial Statements YE 31 July 2022

Final Audit Report

2023-05-26

Created: 2023-05-26 By: T Linecar-Boulton (hello@danceboxstudios.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAfXx3pqSzC6Aqam0a-f3sT6RLLKs9yfgi

"Dancebox Theatre Works Annual Report & Unaudited Financial Statements YE 31 July 2022" History

Document created by T Linecar-Boulton (hello@danceboxstudios.co.uk)

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