Charty number. 1178357
NK BALLET FOUNDATION
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

CONTENTS
REFERENCE AND ADMINISTRATIVE OEfAILS OF THE CHARrrY,
TRUSTEES. REPORT
INDEPENDENT EXAMINEWS REPORT
STATEMÉNT OF FINANCIAL AcrNrriES
8ALANCE SHEET
NOTESTO THE FINANCIAL STATEMEP4T5

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY,
ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2024
Trn*t
Natalia Kremen
OscarAnthony Hugh Wllllam D¢xld
Olga Vysokova
Donald Brown IAppoinl•d on 8 January 20251
K. Cartey Whitè (Appointed on 20 March 202S)
Detsorah Louise Mi115 (Resigned on 6 October 20231
Parnmjil Sin9h Sehmi {R￿gned on 8 Oc#ober 2023}
F8rtd G88anov (Appointed on 30 May 2023 R•$ign•d 31 O•cwhr 2024)
char￿ r•gl•t•r•d nufflb•r
1178357
Prlnclpal offlc•
411- 413 Oxlord Street, Unit 1.01. London, WIC 2PE
Banker•
Metro Bank. Ono s￿rth•Mpt0n R(M, LondM. VIC1B str
Ind•p•nd•nt examln•r
F8isal Khan FCCA
MJ Golz & Co Llmll•d
Odeon House
146 College Road
Harrow
HA118H
Page 1

TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JULY 2024
The Trustees present their annual report logelher wrth tho financial stslemonts of the charity for the 1 August
2023 to 31 July 2024.
ObJectl¥M and A¢tl¥ltl•*
o. POLicies AND OWECTIVES
The obiecls ofthe charity we..
111 to advance tho education of the wtlic In the ffidd8 of bolb8t, donce and art.,
l?, lo advance the educotion of the pupils 8t ballet. dance and art I¢1￿￿$ in London by providing and aui8tirvJ in
th• provision of facilits•8 lor •du¢alion at tho8• 8chool8', and
131 lor the publlc bènofft lo promote the educats.on of ywng people in the fields of bal￿1 and dance in Such w•y8
48 th• ¢harty trustees thlnk fit. in¢ludin9 by..
la i awarding lo such per80n8 8(*018r8hip8, maintwan¢e o110her￿ N grnnts,.
ltri provlding thoir •ducalion lincluding the 8tuty ol ballot, musk or other 8rt8l. to undertake trav81 In furthergnce
ol that educotlon or lo prepare lor entry to any In ¢Onn•¢t￿Th with p•rfomiing arts on leaving any
edu¢ation81 e•tabliohment
b. ACTIVITIE8 FOR ACHIEVING OBJECTive8
NK Ball8t Foundation 84W8rd6 grants and m81nlenwice 8lkyNanceg to young ballet students wlth trln8nclal need lo
•upport the cost ol their ballet education and Ir•iniThJ. Induding 888ou'atthY trav•1 and #ccommodalion expenses.
Awards under the charity's scholarghip8 and bufsaries pr¢)Jf8mme aro moans le8led and d8pend on availabl8
r&sourc&8 The ch•dty al#0 plans to l•unch • ball•l m*•l•rcl#• progr•m in •chool• In order to incr•a$è wider
awar•nM• and intér￿1 in ballot among chlldr•n.
Achl•v•mont• and p•rlornMnc•
. REVIEW OF ACTIVITIES
During the year we hahl a fvndr8i$ing 8ftemoM)n tea party wh￿h g8n8rat8d a 8Ufplu$ of £5,343. Th1* ¥urplu$
togèthèr with donations from our 8pon8or¥ and generou8 one off donors hovg ollowed u8 lo provide bur88ri88
and on90ing 6UPPOrt Io Six hard W*thing ballet slLKlents from familw *tylh limtted ffin8ncl81 me8n8. We give these
children a ty￿8M ¥nd ￿alIty to fealise th•'r passion and enjoy the of ballet. vthith is beautthjl but demanding
and expenwve al the same tsme. ￿1 Our tnJstees * furrflrai$ing thrOug1K)￿ the year to make sure thèt V4e ean
Support more ¢hilOren each year. This is the sooal MIS￿(￿ of the NK Ballet Foundation.
Page 2

TRUSTEES. REPORT (contlnuedl
FOR THE YEAR ENDED 31 JULY 2024
Flnanelal rnvl8w
. GOING CONCERN
After making appropfiate enquirie8, the trustees have a reasonable expectalion that the charity has adequate
resources lo continue in operational existence for the foreseeable future. For this reason they ¢ontinue lo adopt
the going Goncern basis in preparing the financial sl8tement5. Further details regardlng the adoption of the going
oncem bas18 con be found In th•Accounting Pol￿1•￿.
b. FINANCIAL RISK MANAGEMENT OWECTIVES AND POUCIE8
The tru8leè8 con8id•red fin•nual nlks arKI put In pla¢• approprl819 to mlnlmlsa th880.
c. RESERVES POUCY
The charlty 18 Currontly aiming to rai88 fund8 8fKI e818bli8h some reMrv8•. ¢uff•ntly Itt• polley lo to bulld up 8
•U8toinoble balance and than d•¢￿8 the8e re•ervo8 will ￿ Lth'lis•J and m•int•in•d.
Structur•. go¥•m•nc• •nd m•n•g•m•nt
. CONSnTUTION
Th• charlty wa8 In¢orporaled ￿ 11 May 2018 88 a Chorll4ble Iiwwxated Orgonl•atlon ICIOI.
b. METHOD OF APPOINTMENT OR ELEcnoN OF TRUSTEES
Apart from the first Cttanty Irusleu, every trusteo mu•t be appointed ty a resolution passed at a propèrly
¢onv?n•d m•oting of th• chanty tru8t4M.
c. ORGAN13ATIONAL STRUCTURE AND DECISION IAAKING
NK 8allèt Foundauon 18 a Charttable Inc￿￿8￿ OTrJani¥fjtiM (CIO) onty votlng membern are rts ehadty
tnbgtees.
The tru8t•o¥ manage th• affairn of the charity and take deo8lon8 at a meetlng or by wrltten resolLrtlons, In ellher
case in accordancts with the charity's con81itution.
s approvod by trm Trustees on 20 Moy 2025 arKI Signed on tsr behaw ty..
Tru8tse
Page 3

NK BALLET FOUNDATION
INDEPENDENT EXAMINAR'S REPORT
FOR THE YEAR ENDED 31 JULY 2024
a. Re¥pecdve reJpon¥lbllltlu of trustees and examlner
The charity's trustees (who are alw the dtrectors for the purNsses crf company18wI ¥re responslblo for the
preparation of the aC￿￿nts. The charitys truste8s ennsider that an audit is not requirnd for this year (under Soctlon
144121 of the Ch8rits8s Act 2011 (the 2011 Act)18nd that an ind•pth)d0nt examinatson16 required.
Havlng saJ8fied myseff thot the charty 1$ ncrt subject to audit undor c¥Mnpany law and Is ellglblg for independent
ex8min8tlon. it 19 my responsibitsty to..
examln• the accounts undar sOcti￿ 145 ofth8 2011 A¢t
to fdlow tho wocodureB laid down in the Gwwal Dir•ctions given by lh8 Chanty Commi¥sion {und8r
Section 14515llbl of the 2011 Act),. 4rvJ
lo state whether paroeular matters havo c4mo ts my attenlM.
b. Ba•1• of th• Ind•p•nd•nt examln•rf• report
My examlnation was camed out in accordance vAth thè Gonwal DlreclJMs g1¥￿ ty Ihe Charity Commission. An
¢xamin8tlon Includ05 a review of tho accountsng rocoryiB kept by tha tharity and a LY)mpartson of the accounts
presented with those records. rt also indudos con81dera1l￿ of 8ny unu8u81 Itèms or dlsdo8ur&$ In tho 4cc￿jnts and
ieekSng 8xpl•nalions from you as tru8teos concornlng any such matters. The prwlures undert8ken do not Pro￿￿•
all the e￿dence that woultj be required In an audit. and consequently no opinlon 18 glven #s lo ￿ether the accounts
present a Irue and falr ￿ew, and th8 report is Iwntted to tsM￿e mattsrs sg11)ut in tho statements below.
Ind•p•nd•nt •x•mln•rf# •t•t•m•nt
In ￿nneCtion with my examinB15on, no matter has ¢om• to my attèntion:
whlch 91￿ me rea80nable cause to t¢lle¥e that, In any rospocL tho r•qulr8monts
• to keep acc￿nI￿ng rocord8 In accordance Section 386 ond 387 of the Companléj Ad 2006: and
. lo prepare accounts which accord wtth the accounong rec£wds, eonwly vthth Ihe acc¢yJntlng
requlr•ments ol S•cts'ons 394 ¥nd 395 of the c￿an188 Act 2006 and wth the methods and prlndpleg
of the Slaierngnl ol Recommended Practjce.. AccouniSng and Reportsng by Chanb8$ have not been mgL
or
to which. in my ¢)pinion. att•ntlM shoukl be drawn In tyd•r to •nable a prrrf)er understanding of lh8
accounts to be reached.
Fal•al Khan, FCCA
144J&2025
Page 4

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JULY 2024
Total
funds
2024
Total
Adjusted
2023
funds
2024
funds
2024
INCOME FROM:
14,579
11,767
211
7,872
22.451
11,767
211
518
13.536
82
Income from event8
TOTAL INCOME
26.557
7.872
34,429
14,136
EXPENDITURE ON:
Charitsble actiwts'gs
24,928
33,3Ck8
12,728
TOTAL EXPENDITURE
24,928
8,380
33,306
12,728
NET INCOME I IEXPENDITUREI BEFORE
OTHER RECOGN13ED GAINS AND
LOSSES
NET MOVEMENT IN FUNDS
1,831
1.631
(5081
15081
1,123
1,123
REC014CIUATION OF FUNDS:
Total lund8 brought ftyward
17.830
18,338
16,930
TOTAL FUND8 CARRJEO FORWARD
19.461
19.481
18,338
The notes on pageg 7 10 10 fom part of the￿ finanao16tal•nonts.
Pago 5

BALANCE SHEET
AS AT 31 JULY 2024
2024
2Q23
CURRENT A88ETS
Debtors
4,800
Cash at bank and In Iwvj
14.661
18.338
19.461
18,338
NET ASSET8
19.481
18.338
CHARITY FUNDS
Re*rfcted fiJrth
Unre8tricted fvnds
508
17,830
19,461
TOTAL FUND8
19.481
18,338
finan
•t4l•rn•nt• •ppfo¥•d by ts Trultoos on 20 May 2025 Ind lig[￿d on ￿11 t•holf, ty..
Tru•t••
The notes on page8 7t0 101omi part oltheM financial •tat￿￿nts.
Pagg 6

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
AeeOUPJTING POUCIES
1.1 8a•l• of pr•p•rntlon of flnanchl •tat•mni•
The financial $tstements have been kyopared to give a 'true and fairf view and have departed from
the Charits'es IAccounts and Reports} Regulations 2008 only lo the extent required to provide a 'true
and fairf view. This departUT8 has involved follo￿n9 the Charities SORP IFRS 1021 published on 16
July 2014 rather than the Accounting and Reporting by Chanties.. Statement of Recommended
Prathce effeGknve tr¢)m 1 Apri12005 which has since been withdrawn.
The financial statements have been prepared under the historical cost convention with items
recognized al cost or transaCt￿n value unless otherwise stated in the relevant note$ to these
aGGounts. The financial ststements have been prepa￿ in accordance with the Statement of
Recommended Practu.. Accounting and Reporb'ng by Chanltes preparin9 their accounts in
accordanc• wrth the Financ￿4 ROFLlrting Standard appI￿able in the UK and Republic of Ireland IFRS
1021 iSSLted on 16 Juty 2014 and Financial Rtporbng Slandard appltabkg in the United Kingdom and
Republi¢ of lrnland IFRS 1021 and Charities Act 2011.
NK Bal￿1 FoundatK)n La)nstrtute6 8 publt benefft entity asdefined by FRS 102.
1.2 Ineom•
All income is reCOgn￿ad once the chanty has entrdemenl to the ineome. it is probabl• that the
Incom• will bo received. and t￿ amount of inwme receivab￿ can be measured relwbly.
For legaoies, entsllemenl Is taken as the earl￿r of the dale on which either." the chanty is aware that
probate has boen granted. tha eslate has baen fInal￿0d and notIf￿trOn has been made by the
executorlsl to the Trust thai 8 distn'butson will be made, or when a distnbution Is received from the
tste. Receipt of a *&y, in whole or in part. is only considered probable when Ihe amount can be
measured reliably, and the ¢harity has been nolff￿ of th6 executo¢$ Intgnlion to make a distn'bution.
Wher• legacies hav• b•en notsfied to the chanty, or the charity Is aware of the granting of probate.
and the enton8 lor income recogn￿"¢n havo not ba•n me( then the legacy is treated as a contingenl
asset and dixlo$¢d rf material.
Donaled serv￿$ or faciliti'es are recogni2ed vthen the eharity h88 control over the Item, any
Conditions asswated wrth the donated item have been met Ihe receipt of e￿nOMiC benefit from the
use of the Gharity of the item is probable and that ecnnomic benefit Can be measured reliably. In
accordance with the Charities SORP IFRS 1021, the general volunt*r time of the Fnends is not
recognized and ￿ler to the TnJste8s' T8￿forMOre inlomiation about their￿ntribUtiOn.
On receipt, donated professional servw and donatod fa￿11￿"08 are recognized based on tha
value of the gfft lo the charity which 1$ the amount the charity would have been willing to Pay to
obtain services or facilities of equNalent econom￿ benefit on the opgn market., a corresponding
amount ss then recognized in expendrture in the penod of reLYipt
Income tax recovefable in ￿latIon lo donalions receNed under Grft AMI or deeds of covenant is
recognvzed at the lime of the donation.
Income tax recoverable in relat￿n to investment income 1$ rwnried at the time the investment
income is receivable.
Page 7

NOTES TO THE FINANCIAL STATEMEpirs
FOR THE YEAR ENDED 31 JULY 2024
ACCOUNTING POLICIES (continu￿)
1.3 Exp•nditur•
Expendilure is recognLzed once there is 8 *al or constnjctive oblKJation to transfer econom
benefit to a third party, rt is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligath?n can be measured reliably. Expenditure is classified by
actiwty. The costs of each acbwty are made up of the total of direct costs and shared eogt5,
including support costs involved In undertaking each athiity. Direct costs attributable lo a single
actsvity are allculod direGlly lo that activity Shared costs which contribute lo more than one acts'vity
and support costs which are not attributsble to a single acts'vity are apports.oned between those
acty'vities on a basis consistent wrth the use of resources. Central staff costs are allocated based
on time spent, and depreciation Charges allocated on the portion of the asseys use.
Charitable ath'vities and Govemartce costs are costs incurred on the chanty's operations. including
support costs and costs relating to the gov8m8n¢e of the charity appjrtioned to charitable activilias.
1.4 Int•r••t r•c•lvabl•
Intsrest on fund8 held on deposrt is induded vthen recefvable and the amount rAn be measured
reliably by the ¢harity; this is nomally upon nolffication of the interest paid or payable by the Bank.
1.6 C••h •tBankand Inh•nd
Cash al bank and in hand includes cash and short temi highly IK4uid investments with a short
maludty of three months or less from the dalè of acqUis￿'0n or OFening of tho deposit or similar
account
1.6 Fund •ccountlng
General fvnds are unrestricted lunds which a￿ available ft>r use at the discretson of the TNslee$ In
furtherance of the gener810ty'e¢tiv•s of th• chanty and hav• nol bwn d•signated for other
purposes
Restricted funds are funds which are to be used in accordance with specific restrictions Imposed by
donors or which have been raised by the charity for particular pur￿￿. Thg costs of raising and
adminislenng such fttnds are charged against Ihe specfft lund. The alm and use of each restrthd
fund is set out in the notes lo the financial statements.
1.7 Corrnspondlng Amounts
The corresponding amounts have been am8ntJed to gross up the in￿rne and expenditure from
events which were previously reported nel. This is to correspond with the disclosure made in the
current year.
Poge

NOTES TO THE FINANCIAL STATEMEpirs
FOR THE YEAR ENDED 31 JULY 2024
INCOME FROM DONATIONS
Unrestricted Restricted
Jnds
funds
2024
Total
funds
2024
Total
funds
2023
Donatlons
14.579
7.872
22 451
518
Total 2023
518
518
INCOME FROM CHARITABLE ACTIVITIE8
Unreltrlctsd ReWict•d
fund$
funds
2024
2024
Tot•1
funds
2024
Total
AdJu8tod
2023
Intc¥ne from ovonl8
11.787
11,767
13.538
DIRECT COSTS
Total
2024
Total
2023
funds
fuTrd•
ScM8r8hip8
Admlnl8lrollon
Event co￿•
I3,5￿)
4,912
8,424
21.970
4.980
4.850
6.424
8,685
Totsl 2024
24,920
33.306
12,728
Total 4dJustsd 2023
7,748
4,980
12.728
NEf INCOMEIIEXPENOITURE)
During the y8ar. no Trustee fwAiv•d any remunerntion. bènèffts in kiTrJ cff reimbursement of èxpgnses
12023- £NIL).
DEBTORS
Total
2024
Total
2023
fund•
Fund•
Other Debtors
Page g

NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENOED 31 JULY 2024
STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balonco at
31 Juty
2024
1 Augu•t
2023
Incom• Ex￿ndItur0
Unr••trl¢t•d fund•
General Funds
17,830
26,557
124.9281
19,461
R•Atrlct•d fund•
holarship funds
7.872
18.3801
Total
18,338
34,429
133,3061
19,461
STATEMENT OF FUND8 - PRIOR YEAR
B•lanc• al
1 AugU•t
2022
lanco at
31 Juty
2023
Incom• EX￿ndItUrn
UnrHtrfcl•d fund•
Gen•r41 Fund•
11,442
7,251
18631
17,830
RMtrlct•d fund•
Scholarship fund8
14.980)
Tot81 of fvnd$
16.930
7,251
{5,8431
18,338
ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALY818 OF NET ASSETS BETWEEN FUND8- CURReKf YEAR
Unmtrlct•d Ro#trSctod
fvnd•
lund•
2024
2024
Total
fund•
2024
Current 8ty8ets
19,481
19.481
ANALY818 OF NET AS8ET3 BETWEEN FUNDS - PRIOR YEAR
Totsl
fundg
2023
funds
2023
fund8
2023
Current assets
17.830
18,338
Page 10