Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
Charity registration number 1172741 (England and Wales)
DANCEBOX THEATRE WORKS
(A CHARITABLE INCORPORATED ORGANISATION) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Ms V Allen Mr A Murray Mr R Linecar Senior management Mr T Linecar-Boulton Mr M Linecar-Boulton Charity registration 1172741 Charity address 216 - 218 Regency Court Upper Fifth Street Milton Keynes MK9 2HR Independent examiner James Wooldridge MSci FCA Mercer & Hole LLP The Pinnacle 170 Midsummer Boulevard Milton Keynes Buckinghamshire MK9 1BP
Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8 - 15 |
Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT
FOR THE YEAR ENDED 31 JULY 2025
The trustees present their annual report and financial statements for the year ended 31 July 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Charities Act 2011 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)" (effective 1 January 2019).
Objectives and activities
Public benefit
The charity’s objects are to advance education for the public benefit through the provision of vocational education and training in the performing arts, delivered through the charity’s own school, for young people up to the age of 25.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
In the year from 1st August 2024 to 31st July 2025, the Charity’s activities provided access to high quality, prevocational and vocational performing arts training for students both from the local area and a wider geographical catchment. The Charity also provides access to high quality dance and performing arts studios for use by both local organisations and renowned professional companies.
As part of a re-structuring of the wider Dancebox Group, the Charity has ceased to be involved with the provision of education programmes at Further Education (FE) and Higher Education (HE) levels from the 1st of August 2025, as these fall under the charitable remit of the relevant delivery partners, The Bedford College Group and Buckinghamshire New University. It is felt that FE and HE provision is more effectively and transparently delivered through an entity created solely for FE and HE delivery and this delivery will pass to the newly created Dancebox Studios & Theatre Works Ltd.
Achievements and performance
Significant activities and achievements against objectives
The Junior School continues to operate with around 375 children registered for classes. There has been an increase in the number of classes that children are taking, which has resulted in a slight increase in class fee revenue. There is healthy diversity in the student body, and under the leadership of Liberty Taverner, the Junior School continues to make excellent progress in developing as a creative and connected hub for exceptional dance and performing arts training for children and young people in central Milton Keynes.
In the FE and HE delivery, the 24/25 academic year saw the third cohort graduate from the headline BA (Hons) Professional Dance & Musical Theatre course, with a 100% success rate in students achieving their degree qualification and 87% of the students securing professional performing work within 6 months of graduation.
There was substantial growth in college admissions, with an intake of 54 degree students, on courses validated and in partnership with Buckinghamshire New University.
The quality of applicants was improved from the previous year’s intake and the panel were still able to be selective about applicants with more than 150 people auditioning for degree courses. Sixth Form applications also increased with 32 new students joining the course in September 2024.
Sadly, gender diversity across both courses remains poor, with an entirely female student cohort in this period. Plans and outreach activities to address this imbalance are being continued and tutor recruitment is also being used to provide more gender equality in the teaching team. Diversity in student ethnicity has improved slightly, but is still very limited. Again, plans continue to actively improve diversity across the student body continue, with diversity in the teaching team being used to help visibility, perception and recruitment of a more diverse student body.
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Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
Financial review
Sources of income were receipts from Junior School class fees, Further Education training funding under the terms of an agreement with Bedford College, and Higher Education training funding under the terms of an agreement with Buckinghamshire New University.
In the YE July 2025, the charity’s income totalled £1,514,391, which reflects a 47.25% increase in income from the YE July 2024, when the total income was £1,028,444. This accurately reflects the planned growth in student numbers as the Junior School classes expand and degree course provision continues to be rolled out. Due to the expansion in FE and HE delivery, the financial year ending July 2025 saw costs increase at an expected rate of 33.84% compared to the previous YE July 2024.
The Charity has completed a risk assessment and is confident that, now that recovery from the pandemic is stable, only moderate risk to the Charity remains. In line with previous years, these risks relate to the sole nature of the partnership agreements under which the educational qualifications are delivered with The Bedford College Group and Buckinghamshire New University. To mitigate these risks, management continue to assess the appropriate delivery methodologies of the Charity, as well as other potential partners and other modes of training delivery should there be any changes to the current sub-contracting arrangements.
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Structure, governance and management
The charity is governed by its constitution and managed by a board of trustees. Trustees are recruited through a combination of recommendations, and approaches to individuals with relevant skills and experience in education, performing arts, safeguarding, finance, and charity governance. New trustees are appointed in accordance with the provisions set out in the charity’s constitution and are subject to approval by the existing board. The trustees meet to review performance, delegating day-to-day running to senior management. The trustees are responsible for setting the pay and remuneration of key management personnel, ensuring that salaries are fair, proportionate, and benchmarked against comparable roles, taking into account the charity's size, complexity, and financial position.
The charity works closely with a jointly owned LLP established to support and deliver commercial activities connected to the charity’s objectives, including performances, events, and other income-generating ventures. The relationship is in accordance with the charity’s conflict of interest and related party policies, with trustees ensuring that all arrangements are in the best interests of the charity and support its charitable aims.
The charity’s related party policy also applies where key management personnel are connected to trustees or other related parties. Management personnel are related to a trustee, and appropriate procedures are in place to ensure that any decisions relating to remuneration, performance management, or contractual arrangements are managed transparently, to avoid a conflict of interest.
The main risks to which the charity is exposed have been assessed, including safeguarding, health and safety, financial sustainability, staffing, and regulatory compliance. The charity has established appropriate systems, policies, procedures, and internal controls to mitigate and monitor these risks on an ongoing basis.
The trustees who served during the year and up to the date of signature of the financial statements were: Ms V Allen Mr A Murray Mr R Linecar
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Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
The trustees' report was approved by the Board of Trustees.
..............................
Mr R Linecar Trustee 28/5/2026
Date: .............................................
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Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF DANCEBOX THEATRE WORKS
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 July 2025 which are set out on pages 1 to 13.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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2 the accounts do not accord with those records; or
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3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
James Wooldridge MSci FCA
Mercer & Hole LLP
The Pinnacle 170 Midsummer Boulevard Milton Keynes Buckinghamshire MK9 1BP 28/5/2026 Date: ............................
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Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Charitable activities | 3 | 1,513,737 | 1,027,454 |
| Investments | 4 | 654 | 990 |
| Total income | 1,514,391 | 1,028,444 | |
| Expenditure on: | |||
| Charitable activities | 5 | 1,294,772 | 967,402 |
| Total expenditure | 1,294,772 | 967,402 | |
| Net income and movement in funds | 219,619 | 61,042 | |
| Reconciliation of funds: | |||
| Fund balances at 1 August 2024 | 373,066 | 312,024 | |
| Fund balances at 31 July 2025 | 592,685 | 373,066 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) BALANCE SHEET
AS AT 31 JULY 2025
| Notes Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities The funds of the charity Unrestricted funds 14 |
2025 £ 340,584 117,632 458,216 (31,750) |
£ 166,219 426,466 592,685 592,685 592,685 |
2024 £ 252,984 47,057 300,041 (31,277) |
£ 104,302 268,764 |
|---|---|---|---|---|
| 373,066 | ||||
| 373,066 | ||||
| 373,066 |
28/5/2026 The financial statements were approved by the trustees on .........................
.............................. Mr R Linecar
Trustee
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Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2025
| Notes Cash flows from operating activities Cash generated from operations 18 Investing activities Purchase of tangible fixed assets Investment income received Net cash used in investing activities Net cash generated from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2025 £ (81,543) 654 |
£ 151,464 (80,889) - 70,575 47,057 117,632 |
2024 £ (30,327) 990 |
£ 35,579 (29,337) - 6,242 40,815 47,057 |
|---|---|---|---|---|
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Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
1 Accounting policies
Charity information
Dancebox Theatre Works is a Charitable Incorporated Organisation registered charity in England and Wales. The address of the principal office is 216-218 Regency Court, Upper Fifth Street, Milton Keynes, MK9 2HR.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, the Charities Act (Northern Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
As described in the trustees' report, the charity has ceased to provide education programmes at Further Education and Higher Education levels from 1 August 2025. The charity will, nonetheless continue the running of the Junior School. At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
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Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings 2% Straight line basis Leasehold improvements 25% Straight line basis Fixtures and fittings 25% Straight line basis Computers 33% Straight line basis
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Financial instruments
The charity only has financial asset and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction values and subsequently measured at their settlement value.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Sales within charitable activities | ||
| Course fees and facilities | 1,513,737 | 1,027,454 |
| Income from investments | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Interest receivable | 654 | 990 |
4 Income from investments
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Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025
5 Expenditure on charitable activities
| Charitable | Charitable | ||
|---|---|---|---|
| Expenditure | Expenditure | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Direct costs | |||
| Staff costs | 781,811 | 620,527 | |
| Depreciation | 19,626 | 17,145 | |
| Purchase and event costs | 200,305 | 102,617 | |
| Printing and stationery | 6,606 | 2,320 | |
| Rent | 61,018 | 56,720 | |
| Rates and water | 16,785 | 19,835 | |
| Light and heat | 26,529 | 18,265 | |
| Cleaning | 34,299 | 26,575 | |
| Repairs and maintenance | 20,363 | 18,004 | |
| Processing fees | 8,603 | 5,653 | |
| Travel and subsistence | 8,448 | 1,842 | |
| Office and storage costs | 9,422 | 4,283 | |
| Advertising and exhibition costs | 11,233 | 20,087 | |
| Waste disposal | 2,584 | 1,571 | |
| Accountancy fees | 7,940 | 6,808 | |
| Insurance | 713 | 589 | |
| Other charitable expenditure | 76,387 | 42,561 | |
| 1,292,672 | 965,402 | ||
| Share of support and governance costs | |||
| Governance | 2,100 | 2,000 | |
| 1,294,772 | 967,402 | ||
| Analysis by fund | |||
| Unrestricted funds | 1,294,772 | 967,402 | |
| 6 | Net movement in funds | 2025 | 2024 |
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | 2,100 | 2,000 | |
| Depreciation of owned tangible fixed assets | 19,626 | 17,145 |
7 Trustees
During the year ended 31 July 2025, no Trustee received any remuneration or other benefits (2024: £nil).
During the year ended 31 July 2025, no Trustees' expenses have been incurred (2024 £nil).
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Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
8 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | ||
|---|---|---|
| Employment costs Wages and salaries Social security costs Other pension costs |
2025 Number 7 2025 £ 337,398 31,974 8,103 377,475 |
2024 Number 5 |
| 2024 £ 272,179 3,039 12,221 |
||
| 287,439 |
Remuneration of key management personnel
During the year, total payments were made to Mr T L Boulton and Mr M L Boulton in return for their services, as follows:
-
Mr T Linecar-Boulton £15,888 (2024: £34,060)
-
Mr M Linecar-Boulton £Nil (2024: £44,060)
and in addition they received equal salaries of £75,000 (2024: £75,000)
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025
10 Tangible fixed assets
| 10 Tangible fixed assets |
||
|---|---|---|
| Leasehold land and buildings Leasehold improvements Fixtures and fittings £ £ £ Cost At 1 August 2024 88,007 12,524 46,483 Additions - 75,503 4,366 At 31 July 2025 88,007 88,027 50,849 Depreciation and impairment At 1 August 2024 27,174 3,773 15,263 Depreciation charged in the year 1,760 4,489 11,178 At 31 July 2025 28,934 8,262 26,441 Carrying amount At 31 July 2025 59,073 79,765 24,408 At 31 July 2024 60,833 8,750 31,221 11 Debtors Amounts falling due within one year: Amounts owed by related parties Other debtors Prepayments and accrued income 12 Creditors: amounts falling due within one year Other taxation and social security Trade creditors Other creditors Accruals and deferred income 13 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
Computers £ 14,925 1,674 16,599 11,427 2,199 13,626 2,973 3,498 2025 £ 325,345 - 15,239 340,584 2025 £ 9,634 6,541 1,613 13,962 31,750 2025 £ 8,103 |
Total £ 161,939 81,543 |
| 243,482 | ||
| 57,637 19,626 |
||
| 77,263 | ||
| 166,219 | ||
| 104,302 | ||
| 2024 £ 224,601 13,749 14,634 |
||
| 252,984 | ||
| 2024 £ 5,000 18,967 - 7,310 |
||
| 31,277 | ||
| 2024 £ 12,221 |
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Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
13 Retirement benefit schemes
(Continued)
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
14 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 August | Incoming | Resources | At 31 July | |
|---|---|---|---|---|
| 2024 | resources | expended | 2025 | |
| £ | £ | £ | £ | |
| General funds | 373,066 | 1,514,391 | (1,294,772) | 592,685 |
| Previous year: | At 1 August | Incoming | Resources | At 31 July |
| 2023 | resources | expended | 2024 | |
| £ | £ | £ | £ | |
| General funds | 312,024 | 1,028,444 | (967,402) | 373,066 |
15 Operating lease commitments
Lessee
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
| Within one year Between two and five years |
2025 £ 55,000 55,000 110,000 |
2024 £ 55,000 110,000 |
|---|---|---|
| 165,000 |
16 Events after the reporting date
As described in the trustees' report, the charity has ceased to provide education programmes at Further Education and Higher Education levels from 1 August 2025. This provision will continue to be provided by Dancebox Studios & Theatre Works Limited whilst the charity will focus on the continued running of the Junior School.
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Docusign Envelope ID: BB4F0C72-B36E-8C6E-8343-CA5EF473E100
DANCEBOX THEATRE WORKS (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
17 Related party transactions
During the year the Charity entered into the following transactions with related parties:
Payments for services were made to the following key management personnel as follows:
-
Mr T Linecar-Boulton £15,888 (2024: £34,060)
-
Mr M Linecar-Boulton £Nil (2024: £44,060)
In addition to the above, both the management personnel have received a gross salary of £75,000 each via payroll.
Both management personnel are related to Trustee and chair of Mr R Linecar.
As at the year ended 31 July 2025, £325,345 (2024: £224,601), as disclosed in note 8 to the accounts, was owed by Dancebox Milton Keynes LLP, of which the key management personnel of Mr T Linecar-Boulton and Mr M Linecar-Boulton are equal members.
The amount owed by Dancebox Milton Keynes LLP is repayable on demand and does not bear interest. The balance has been fully repaid in May 2026.
| 18 Cash generated from operations Surplus for the year Adjustments for: Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets Movements in working capital: (Increase) in debtors Increase/(decrease) in creditors Cash generated from operations |
2025 £ 219,619 (654) 19,626 (87,600) 473 151,464 |
2024 £ 61,042 (990) 17,145 (19,641) (21,977) 35,579 |
|---|---|---|
19 Analysis of changes in net funds
The charity had no material debt during the year.
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