¢h8rity R•gi$trotion No. 117B796 Cryany Reyi51ratlun No. 06667896 {En￿￿Thd arKI Walesl 2FA¢ED LMN¢E ￿MPl41y UMirKI ANNUAL ItEPORT AMD UPiAUDtfED FIIIANCIALSTATEMENTS FOR THE YEAR eNDeD 31 hlARCH 2)24 2FACED DANCE COMPANY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION TrustO8S MrA M Green K45 E KnvJhl 4rJRWe KISJAU Ms G Shye M5 A L rHtorpHarty IAwAnted 15 ￿nUary 20241 IAwMnted 1 JLty 20241 MrA M Green Charfty number 1178796 Comparry number Registered olfiGe The Lyd C¢¥Jrt )1 Swtet Here￿￿ HR1 2HU Ind•wnd•fft •xaMln Kendal Wadky LLP Grants Lfh 71 R￿J Malvern WR14 2ts 2FACED DANCE COMPANY LIMITED CONTENTS Pa98 Inde￿dent exawinprfs rewt ststemenlaffffi8rKial artMiEs Nota$ lo th8 fnarKi8lsial8ft￿tÉ 10-25 2FACED DANCE COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Th8 T￿Stee8 wesent their annual reFKXt atNlfinarnial Slat￿Ents￿Ythe Yea[e￿ed 31 Marth 2024. firhonuel slolem¢nts hevc b¢en prepared in xoyd￿¢Cl￿lth ￿ 8wounbry zet wt M notc 1 of the finJnitJ Stslemenls and comkly with Ihe go%Wn1￿ docthienl. Ihe Cwn*sAd 2(K)6 anO"Att¢untiry and Reporting by Charities". Statement ol Recornmended PraCt￿e alw￿ble to Chartt￿ iryaiirwJ their a{x(￿nIS in a(rthanr* wth the Financial Réwrfitw) Standard appltatle w) UK RwtAic of treL*d IFRS 1021 leffÉctiYe 1 JarxJ8ry 20191.. Objectrwes and a¢ti¥th"es objectives, as ststsd in Ihe dC*)Jm￿ts. 1o•Jvar￿* k¥onKrtt parbcpakn Sn and 8PW8tsatic*) perf(Kmawe art, especialty in Ihe lomi of¢kne, and to prw(Je trnniro in p¥forrnarKe arL espeo*ly dan￿ and assocraled discWines_ In ourobiectwes forthE year firKI t4anThng thibes h￿e (X)n5￿ lh2 Charity co[r￿￿￿51[￿'s gudance puLqic benefil. Ind￿1￿ the gu1darKe'pu￿C b￿efit.. runnry a chatity IPB21" al our Tnjstees. wEeting5. In setting tt Is Oflic￿et prKe5, fBBs. and (Aher chaw85 t1￿ Boatd*d wwJrtDatwThtrt 1$ cornttitted ltrtnsunDg Ih*i all aCt￿ltIeS are av311able b) ttrw)se on in(x*nes thrrwgh tr)e of Iree e￿ts. tsr pririrvJ, aThY. where pplicabk. bursaries. Trustees have Pakl due re￿￿ to iswed by Ihe Chariy Conmw in d•irvJ what8¢bvilies Ch￿ty should urKlerlake. A¢hiov8m&Ms and p8rforman¢o 2Fa¢ed Dance Cowany 8¢ThÈved ￿Side(abl* ar*J Ixrtc(thes Ihr(MNJ￿I 202>24 This was in m small way thai)k3 10 financkil ￿pPort ofa ravJÈ ol na￿￿1 trusts and ftrJndations and DI tt￿rse r(*mbers olth& publL. who rallied behifKJ our 19518asotswhy campaN￿ aner >wrKJ un￿￿$$[u1 in retaffjing r8gular luThSw from Arts Cour￿1 England's Nattcnal Porttolbj Organisatkin rKoJrarrrfne. During 2023.24 2Faced CiThpany5 IMItre￿* corr￿￿1￿￿1 prr¥JiaTrnes saw almost 11.(KJO peiyle p￿h￿pate in 8 dancè with analysts ofattendees th81 m*)y frtth dwetse oi umdèr.resour¢8d backgrounds. Wa el￿ered workshops and r￿￿8[￿e5 at sevepl of Ihe Nat￿nal Da￿e Centre 5 for AdV￿Ge￿ Traning. c£rsetvatoir65 and universil*S Increasin9 Ihe sknlls ol yo￿9 (13n¢e taknt f01ityWty We ￿L￿ed Ihe (Xjr Cty MOV￿ Fesbva to siren9lhen comrnunities locally In Herefordshire and 8 ¥0￿e lo yourvj artists lo pbfforni th911 Wfrt fr>r the first time. W8 collaborated wth wirnary schod to create (xjr new ￿ l(Y thiktren. FISH BOY. based i)n Ihe ptAlubon in th8 Trliver Wye arKI its ITnpact Dn Èn¥ironW￿t. Thts enablÈtl us to ddNerTnLth nÈetsd suptth and gU￿an￿ on the 5 steps 10 wellbein9 ttryough (Mjr FISH BOY sch￿)L%. We had 4 ¥￿ks (Xjt on the rg>*J *xass the year. ali Df which w8r8 freè to 3tKJ fully indusive by d85¥Jn. TF¥s Wd5 seen by 32.000 arJL55S Unrted Kingdotn with 86% Ol Iha work lourins lo Arts C￿￿11 Enyand's Lev￿￿ Up ¢￿tture Flaces. The COrnp￿y sUcc￿￿11Y aN￿leA1 fr￿Tran￿)rn from AJts Ertynd was ab￿ to spend some trne relbethng 8nd ￿ fotusw)g energies M the nèw fijlurp wlhcxrt regLlar fundirKJ from Arts Cixjrtil EtyLarxl. 0￿[ SUC￿$$fUl fMding aptAIGaliorbS to UK Shared Prospenty FurKI IUKSPFI. Elmky Fcun¢atson arNI Arts Council E(vJknd Nabonal Lottery Proigct Grants ￿LFG) ÈnablÈo thè eompanyto $￿Y r￿K101￿ healhy duriry tsfitst year of ban9 ThqÈthfiJnded. Projact Hlghll9hts Al Ihe starf of the year the cornpany pioduced A NWI At The Ya￿. A fundrai￿ng 931a featuring a range of live perfotrnances by the B￿pany. knmÈr ar￿ ul￿ent stJ(Jpnts. 1estimonkg1 films fitm industry supportets and an Sudion. Thanks ￿ tr* gen8rosity of wr SLWMWS ¥nd 8dvtt8ies. evqning rais•a £10,500 and wa¥ knggtst fundrdiser to dale. It C￿rfY deM(￿Stra￿ reath 3Thl irry)act on peoje. the City of Hereford and the sector nabonally. shinng a light on how dance can po￿kn¥e￿ Kffluer￿e 50 rnany aspec15 of and respect￿ the ￿mp￿Y is fDr the work tr￿1 rt has done wil conbnue to do. 2FACED DANCE COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 2Faced Darte seL8 ￿1 lo chary8 ref$￿￿8$ thrcwgh dartt ttr*atr8. $ryp)weriro fLrtvre 191wl ￿th Innov8liY8 61orytelling and %ry5u3 s. Thg creabw ol Fish Boy wa5 or* ot the h￿N￿Jht5 of Ihe year. th* all th* ar¥J then somel Working ak)ng$￿e 114 prirngry Scho￿ chihyien frtyr some of Herefi)r¥shire's most deprNed ￿EaS. and professionals rewesenhng of the UK'S rtK>St outsiat￿ln9 ￿xIs￿. datKe de*gn taenl. the cowny Érnb*ked on Èn eXtra(￿dinary c[eat￿n process. The showL* set lotow naknalty ècmss 2024-2025. Our Clty Moves r City Moves vras a tree lo ar￿SS. and rrKweThEnt festival %vhth Imk a(xoss W£reford cty centre on 9 & 10 Sept8Mber. C￿￿[¥11￿9 the ioyof [nove[￿l I(rever￿￿e. tre fesival offered 32 outstsrvjing performarKes by leading UK dance *ists and Ic¢al P& wat¢W ortoc* part in 8 workshop. Ihe first wldwr dancefesbval in Hereford Cty 2012_ Imr City Moves dElivered a hi9hqualty and free cultural experien￿. that brwghl the aty to life. tt LYr￿d up for pthGpalK)n, transfo[Th￿d ffl￿d Sel and provided a mean$ to ￿ 10gÈlh* te￿￿ète al of pÈo*p. dance aThJ (xjr Q? of Herefr)rd. As a fre& tsstival it helped ts rernve b8mer8 8rKJ $nc¢x￿gt￿ r8$1¢￿1$ IO¥ilend pathpats.11 k¥OV￿a￿ danc*, orcus and movenEnt work aimed at chihlren. farnile5 and forall Hereford res￿& This ensued thal Iheie was scffieth￿g for everyone. wcowaging a wse 0f￿e in a[￿ io tran5fotrn rrMtHJ5ds.11 prowded opportunit￿S forth@ showcasingofwork by young (Janixs arKI rTr￿er￿enl nEker5 fve in Ihe (ty. en3￿Ing ouryoung peove to Feel part fthe tsty's dÈvebprnenl arNI Ihal theyare lo rf5 fulwe. The feshvol suptwxtpd 25 wilunteers who were given 8x¢8plional arts oppcrftunthes and ft*nioriig. dev8k(irn ihw ¢¢M)F￿enCÈ. skils èThJ tjpostye lod1ffem￿ tyK6$ )f¢uNur&. Looki￿9 to the futut (Ajr mult1-f￿ed approach lo drffererrt w4ects ha5 enabled us lo on Ourix)tnm￿ty0UIreaCh tryramtne5. SUPPOrt yDung talent rvJht across the UK create w(rt akngs￿e stlne ol Herefor(ts*ire'5 rThJstundetserved Bi working thi5 waywe have crealed a p(Yttdio ￿n0vall¥e 5kKThS. fikns. educalv)nd atQ heath atKJ vfftl1.b￿tVj r8St>ur￿s, phot￿¥hY p'Flt&l N*dL8. Throu* w di91i91 thannds we wmate audEn* reach to be more than 50.(N)O and we bok fotw¥d lo cOn￿￿lI¥j lo emtKYwer p¥b"cparts d)wn Ihe UK wrfh ow inrK)V81we sltydling and powerf￿ VLwals. Flnan¢l81 r•vlaw Dunng the )tar ioial Irwne rece1Tr￿ amwnted 10 £266.￿8(?023." t379.￿s130* of ￿trUth was transilitrn fundin9 fft)m Arts Cuuncl Eng8nd. th& k)ss of ow NPO siaibs. Alnh)a 50% 01 ￿81 Incxyn$ was a¢h*¥￿ wa gr8nls givin9 frtyM ACE prqed gtsnis. other ¢ fundif¥ IUKSPFI ènd lundwn9 events and do￿tionS froff, r￿r loyal supwrters. 8% of Iwome r*l8W 10 pwftyM￿ fees Ik023.. 13%lfvom the SLmmwlautLrnn tOLK$ 8rKJ 8 furthw 10%1202 3.. 1Yol (xrne fiom generat& IrKxJme in the r(Ym Orst￿l0 hres ￿￿IdaSS WOgfd￿￿S. Expenditure totallfO £%1.592 in an ovwal Su￿Ll%<￿£S.O3612023.. E11.1501. {Xt￿o￿all suWu$ noted above F.7.483 {2023'. f16.2781 wag SPÉrttf￿M (￿r r*sbictsd rèseNè> Th8 total re￿￿e5 as al the Sheet dale lo £242.140120TJ" £237.1041 of £2.198 (2023." £9,6611 related to resincted furnts. £172.43012023.' £157.6331 io des¥wd funds unrestrir*ed [￿d5 ¢8rria foNiard showed a swpbs of £67.512 12023.. £69.8101 al Iw year tr￿. Further tetsils regv-rding restricted and desvJnaled funds ar8 cluded in ￿teS 20 atKI 2110 Ihefinanc￿I slate[r￿ls. The desiwaled ￿reStricted reS￿e of £l(M>.(KK> ￿mains thts equate5 to approximatdy thrBe month5 of ortnal tradin9lor the charitable i a r8guL¥ iws lo area5 of need. nf¢yming th& Board recruitment Strategy None of the Trustees has any beTrefioal Interest In the company. Al of Trustees are meThbers of thÈ company and guarantèe 10 tOnth￿tt £1 in the erfetrt tsfa *i￿lI[￿J UP. Fa￿d Dall￿ Is manwjed by 8 Bgard 0lTwstees as thredrmsofthe Coryony. Trustees are reuurfe(l from a ¥ar￿ty of secwrs ano IYWllt￿s￿dle a ra￿ of $￿16 1Th)￿1r0 funtrJtyrMJ. eiiiKaivi. HF< (y)rpcraie w¥ern￿Ce. markebry, &t5, and b￿nesS (knl(yJ￿th. Boafd d8￿gateS day-to.day q)eralKM￿l reS￿iLlI￿ io the hJti51ic DweLts. TatTNll Ftyerad. Pay is rBwPw￿ for 811 ¥Mually. and annual rises. wPen affty￿e. ¥ebased on ihe l•*siinWl•wct c(npw¥bk wsts, re￿ ofpay the arts sector. N8wly apponled trustses re¢6yve a Ind￿￿rt In￿ ts C¢nyny. Indud￿g a Wling Mlh ihe Chair lo discuss the iole of the 803rd and respo￿birtYQ1 tnstees. arKI a I￿eeting wlh Ihe Executive Team to discuss ￿tistiC and manage￿￿￿1 obJ.￿bVes. An ￿￿liOn p&-k ￿rIal￿S￿￿ C(xnpany b￿nesS IAan contribulorydocutnents, 3 cA>py ofthB 9ovèmin9 (kn¢umants." all ¢uirenl ￿1¢￿$ i￿1￿1n9 Salegu*ciny. E(TJal Oprthiunil￿S and He8th & Safety." the most recenlannua rekkirt,. CLYreniannual L￿dget and DY*)sl recent rn3wemeN accounts and an ouline oflhe respwblite$ ofthe rde ola Truslee. Tr￿ee$ to*nd per￿Mar￿$ ofthe Cory8n*s work where POSSI￿$. 2FACED DANCE COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Th8 T￿Stee4 rwt svas apwwEd by the BTrird ol Tr￿le85. rAMOr••n Trustee Dated.. 4 December2024 2FACED DANCE COMPANY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 2FACED DANCE COMPANY UMITED I r8Wrt to Ihe Tru5te85on rnYexam￿aITh ofthe thanLial Stale￿ts of2F&th Cowpany Limrted IttE Charityl for Ihe yearended 31 Marth 2024. R$spon￿bIllIFy arKI basls of report As Ihe Trusiee8 of the Charity land also tts diwlors the syJwsÉs ofts)wy8ny L8wI yoj ar8 responsibl6 lor pr8P8ralh)n of tre finaroal Slat￿￿ntS in &¢trdar￿0*lth r6Y41irw*nts c￿an*S Act 20￿ (the 2006A¢tl. Hawry salEfied m)seWthat the fin3noal s￿te￿￿￿tS of the Charity arp tK)t reqwed to be au(*ted und2r Part 16 ofthp 2006 knt arvj are elu1b￿ for ￿de[￿ndent e￿7tH[la￿on. I rewri In tE5pe(*of Tny exaThination of th8 Charity's f￿ancIal ststements Carried out under seth)n 145 ofthe Charthes Att 2011 2011 kll In carTrirg out Myexaminat¥￿ I have follo%v8d all applicabk DYectK)ns gven by Ihechatty Comnyssti)n under s8cbon 149iXbl of Ihe 2011 Act. Independent examinees statement Since the Charitys w5 incorne exceeded r25o.rmy￿[ ex3rn1wTh￿￿t bp a tneTrthr￿a tx)dy lisled ￿ sertK￿ 145 ofthe 2011 Act. I Ihal l am qualth& lo utwknke the eXa[r¥nal￿ b8cEuse l am a [nErnt￿r ofThB Institute of Chartered AccounlW in Erykntt Waks. i5ty* Iwed trxKYEs. I have CoMp￿ted rny exaThinalion. I confirrn that M matt¥s have corne to rnyattentiDn in rnnnectkM ￿th the exÈmw)aiion giving tnecau$8 to b￿￿Ve thai in any rnaterk41 wpcL accounbry records were notkepl in reS￿l￿the Charity aswuir&l tysedon 386afthe 2(th AGI." or the financial stairynents do not a¢tyyd *ith tFN)se re￿￿$.. the financial statefflents do ￿(￿ComplY wlh Ihe rewyernents of secbon of the 2V(X> Act ots*r Ihan any requwenl Ihal the aco)￿ts gve a t￿￿ l*rvE¥iwlKh ￿ nol a TrN4itef {xXB￿e[&1 as P￿1 of an Independent exam*181ic*). or the financial 5talements have tK>l been Prep￿ed in a(LordatKe ￿ryth Ihe tneth(xts and prin￿p￿SOrthe Statetnent of Recommended for repthts)g by (kni*s apr1￿ lo ¢hanDes preparity their accounts in Accordance wAlhlhe FiianL471 Rekutirg s1andardapp1￿￿e the UK￿￿ RepublG of Irdand IFRS 1021 should be dravm In rerrt* rthr to en*4e8 wderstaTrYiw ￿the finaW statem￿t8 to be Yeactsj. Sarah Morlry ACA forand on beham af KeThlall Wad*y LLP Granta Lcw 71 Graham Road MabEm WorcestwshY• WR14 2JS Dated.. 4 December 2024 2FACED DANCE COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EPIDED 31 MARCH 2024 Current financi* year T¢*al Tdal nds genera deslgnated 2024 frJnd5 2024 2024 Income and •Trdo%vrn•nts frorn.. Donations and legacE5 Ch¥liab￿ *tiwlies Otr*r tradin) acliwbes Investrnen15 129.773 81.234 10.595 2.738 101,032 272.041 81.234 10.595 2.738 273.385 105.145 75 620 Total incorne 224.360 104.032 366.628 379.T25 Ex on(¥tur¥ on.. Charilabk ￿bvi118¥ 23,439 128.888 361.592 368.075 NBt in¢omirylloulgDingl re8tyJf¢ b*lore tr￿SlerS 15.09S 14.797 124.8561 5.036 11.150 Ngt In¢rJrn1￿lOUI9OIngl r¢sour¢gs 15.09S 14.797 124.8561 5.036 11.150 Gross transfers be1W￿ fun¢ls 15 117.3931 Not16xpanditurnyin¢om0 forth¢ N8t movemont In lund8 12.2981 14.797 (7.4631 5.036 11.150 Fund balarKas at 1 April 2023 69.810 157.633 9.661 237.104 225.954 Fund balancos al 31 Mar¢h 2024 67.512 172.43D 2.198 242.140 237.104 stalernént ￿finar￿a81 a¢tMl*S in¢knd&s all gair**vJ in tho yèar. siaierneni ￿ finar*818thi1É5 *icbJdes all 98if6*wJ h)sses rewised in the year. Wl ir￿£￿e expeThYrture derive contswrvJ aclMI*s. The stat8tnent of &tiviti&s aso (xJmtAie$ %Yrfh thp requi￿￿tS for an incorne arNI expenditu￿ a(thunl under the Act 20(￿. 2FACED DANCE COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVMES ICONTINVED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EPIDED 31 MARCH 2024 Prior financial year Total frJnd5 frjnds 2023 202J 2023 2023 Income and •Trdo%vrn•nts frorn.. Donations and legacE5 Ch¥liab￿ *tiwlies Otr*r tradin) acliwbes IDvestrnents 205,541 104.145 15 61.764 6.080 1.000 273.385 105.145 75 620 Total Intorne 310.381 e1.764 7.080 379.225 Ch¥itabk 343.583 8.929 15.563 368.075 Not ineomihwloutgoingl r•sLwr¢•s b•ftr• transfors 133,2WLI 52.835 18.483 11.150 Gross transfers bE1W￿ funds 15 {481 48 Net lexpenditureyincome forthe yearl Net movernenl in fund5 133.29Jl 18.4351 11.150 Fund balances al 1 April 20T2 103.( 11)4.7 18.096 225.954 Fund balances ai 31 IAarch 2023 69.810 157.633 9.661 237.104 5tateThentoffinarKial aGtwitEs all gan5awKI k>s5e5 re￿1￿1 in the year. $iaternéni uffin8￿81 a¢tMl*S in¢knd&s all gai￿*￿j k6$0¥ in tho yèar PJI irw)Th eXp8￿J1ur8 doriY8 contyrrtiry actMtie> The Sta1Ftne￿ of acbvil* *¥0 ¢¢%nFdiE$ with th8 WBqU1rt￿ts aTh Inty)￿ arwj expendilutt actxJiJnl under the Corryank8s Act 20￿. 2FACED DANCE COMPANY LIMITED BALANCE SHEET ASA T31 AIARCH 2024 Flx•d assgls Tangib18 a55ets Cuvrent assets Stocks Debtors Cash at bark and n h 16 118,264 17 24.255 1x1.914 1￿.6￿0 114.207 175269 130.967 CreditOWS: alllOiWbtsl*lling the wilhin year 19 (22.4211 112.1271 Nel current asset5 IS2.848 118.￿0 Total assets less current Ilablllks 242.140 237.104 Incomp fund5 Resiricitd furQs Unrestr¢ltrd fuThYs Designated Iwds Genera unre5tticted fvTrd5 21 2.198 9.661 172.420 67,512 157.633 f9.810 239.942 227.443 242.140 237.104 2FACED DANCE COMPANY LIMITED BALANCE SHEET ICONTINUEDI ASA T31 AIARCH 2024 Th8 Ixynpany ￿ entiued to Ihe exeWKm fr(4n the aLvJil tEYw1Terr￿rt￿￿ta￿e￿ 477 althe CoTtyanpsAct 20C6. for Ihe year ended 31 M8r¢h 2024. The ftwbers have ￿1 required the ¢(rtnpany to ebtsn an audrf in ￿¢(￿dence Mnlh sectir 476 ofthe Companies Act 2006 Thè diredots Iheir rÈsp(A)stslthes fDrerwl￿thatIh￿ tharity ketys *tounting records wh*h comply with sedK)n 386 of the Acl ￿ fur wepanng fiDaTrial S-.ale￿e￿ts swe B tDJe arKJ fairMer4 of the stale of alfairs of the company as al Ihe er￿ ofthe finan¢k31 year of its iTr)yThng reswr¢es ￿ ap￿￿a￿On rrf resources. including Ils in¢ome and expendrture. for the ffina￿al SEar in ac￿r(lanCe wrfh the requymnts ofsection5 3Y4 and 395 arKI Othe￿Ise COm￿Y wthlhe requirements of the C￿par*S relatiry tOffin￿C￿ gatements. SD I￿a5 Witxble tothe tDtnpany. Memb￿ have not required Ihe coM￿Y to rA)tain an audit of rf5 thancial stslerMIts forlhe y in q￿stion in acwrd9r￿wth Sect￿ 476. These fi￿ar￿al staternents have prepa￿￿ Yhiknlhe apk4Kxblp to uThpatMes 5ubpctto the small (£¥npaniÈs rÈgift*. Ihefinan¢￿I ststeTr*nts wele aprmed bytrt Twsleesrffi 4 December L124 Mr A M Green Trustee Company Regl$irnUon No. (6667896 2FACED DANCE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A￿OUnt￿9 pol￿195 Charity inlarmBtit 2F?ced Dance c(w￿PanY Lvrxted is a ¢￿p￿Y lffliw by gwwt98 Mirjyrwaw in EnglfjrKI IVal8s. Th9 istsred offKe Is Theold Louri Gad Slreel HwefL¥d. HR12HU. 1.1 A¢count*lg comtenti Tho finanasl stat8rnonts hth bèsn in a(%￿rdan￿￿IIh Ihè Chariwswing dtthtnènl thè Companièg Act 2006 and"A£counbry and Repo￿9 by ChatrÈs". Staten*rt of RetNnftwdeiJ Pr&#¢È a￿lIe￿ble iorJ)aritsÈs Ihgr 8￿ntS in all￿¥r￿pY￿lh the Fr￿￿081 RewNbru SWdatd apliratye In IhB UK and REpub￿s uf Irdand IFRS 1D21 leftectNe 1 Janw2019f. The Charity is a Benefit Entity as defined by FRS 102. The Charity ha5 taken thantage of the ky0￿10[￿ in the SORP for(*awlJe5 app￿.[￿ FRS 102 Upjale Bul￿tin 1 notto prpp￿e a Statetn2trt of Cash FkM5. The fina￿￿1 *akrthnts are s￿l￿j. vknich v3 th8 oJrwolth8 Charitv. McmtaTr aM￿nIS In Ihfysefin￿c￿I stslemwis we rOU￿E￿ to Ihe wrest£. The financial stalements have WEpaed uTh*rthe tristorica f￿v￿110n. The wnc¥)al a￿￿ntir0 polryes adoptèd a￿ SBI oul beknw. 1.2 Going concem Al the Iirne of apprrmry Ihefftnatwl statemenis. Ihe Irustees have a rea￿ab￿ expedakn tral th8 Lhanty has adequate resources to continue in IipPrdt￿naI exi51enceknthp 10teseeth￿ fulwe. ThLts T￿5￿5 c(thnLE to ad¢ptlhe wing wncem ofac¢oLnbTh3 in pryriry lh8 fnarKJal sialam8nts. 1.3 Charitable lunth Unrestrthd luids are avatsL* fc¥ use al lh8 ofuie T￿￿e&S In luiilN)ra￿eOrl1l¥1[ ct)i¥LIIv¥s. Restr￿ed knd5￿￿ SU￿.ectIO S￿￿Cco￿ ty thrKKS 0[￿￿11)r5 a5 ta h￿theY rw b2 used. The putpws and uses ofth8 ￿str￿ted funds are setwt In the lo the [￿a￿LIa1 siatwt￿ts. 1.4 In¢ome IrKorne E r8crKJnEed wheffl the Charity is Wly enti1￿ io d after any twftXTN4n¢8 have t*en the ounts ￿ be Tr3sured relabty. a￿j itl5 Fxobable 1ha1itKxY￿e *il berts￿￿ed. 1.5 Expenditure Liabilities are retth)ni$ed ase>p￿d￿urt as as Ih8re i%a lega oblvJation ¢x)mnNttin9 the charty trJ tt)ai expendityie. il s W0￿bIe Ihai a transfef ￿e¢￿thr￿cbentfjt$ tequi*d In settkmenl and the 8munl oftr* oblbJ¥kncr Can be me8SLY&J reliably. ExF*Thditure * accwnted foroi an axruals b85Ls ar￿ has been ci3ssthed under headngs Ihatagjr￿ate all cost re￿Ied to Ihp catewy. Whwe (Xjsts cannotbe (*recty atthbUIa)￿ to P3￿cUlar h@adngs th&y hav8 b&Bn ￿lOcat￿d on a b￿S Co￿￿￿￿t ￿ryth th@ US8 ofr8sourc8s 10- 2FACED DANCE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 ACcoUntw￿ pol￿•e$ (Continued) .6 Tan9lts￿ fixed as8ets Tallgib￿ r￿ed assets ¥e inthaly [r￿as￿Ed at (X>5t atKI subsequentymeasured al cost orwdlualion, netol depr￿al￿ and any imwm)*M k6$6S. Depreaation Is r2crynis&l so as to WTite oll Ihe cost ￿ wd1￿1￿￿ Ot assets le5S ther re5K￿al values over their uselul IN95 on thg Iyllwrhg ba59S". aThl eqU￿rr￿n1 Fivtur£s and ffitt￿95 MotorvehKles 25% Reduung baL4nDe 25% ReduorvJ balance 25% R￿JULIng balarKe The ￿An or loss ansing on the disrrtssal atan assd i5delermined as theIfilfere￿e bets￿en th2 Sale proceeds and Ihe catryng value Dfthe asset. ar￿ is rewised in trE sIaterrErtoffin￿r￿a acbvrties. 1.7 Imp*mont assets is ￿Y ￿diCat￿n th3tlhose assets have suffered ￿ Impatrr￿t k>s5. If any 5uth Inthrati￿ e￿515, the recDvera) 8mouni of the 8sw is estimated il (Mder 10detemi￿ the exteni ofts inv1m￿l b)ss Irf anyj. 1.8 stocks Nai r&altsablo vaL* e3bmai8d 8dliNJ k¥ice *ss al t£6tsrf0)mr4etvM and ¢osls lo bt ￿tUr1ed in marketing. selling and (fiStrtrtrtK￿. 1.9 Cash and cash equivalpr Cash cath awwalen￿ in aThY defft hew 3t<41 with ￿n￿5 1.10 Flnan¢ial Mistrumtrnts The Ctsrily lo ?￿Y Ihe prrJ￿￿6 ¢A*tion 11'Basic FTn•W Inslrw￿nts. and Section 12'0ther Financial Instrurnents Issues. of FRS 102 to dl of ts th[￿Cla insttuw￿￿ts. Financial instru[￿a￿tsare rwised ID the Charivs b#￿Tr￿She￿1kn IhB Charity LEC(y[￿ party tothe ￿n￿Ual yovtsk)￿Q[the *Wrun￿L Financial asset5and h'abililK*sare offset. *ilh the net alTh￿nts FKesented ￿ the fi[￿(￿￿ state￿￿fits. when there 15 a 1ega1tyenfoi￿ab1e right to Sel offlhe reCOgn￿ed ￿￿15 tt￿re 15 ￿ Intenti{￿ to setde on a net ba5E orto real￿e ihÈ a$￿t and Sett￿ Ihe Iiablty Bask financlal assots Basrfin¥ncig1 assets. d¢btcws rath b•nk baknnc*. We inth$lly fvwtk)n pri induding Iransadon o)sls and are &AwenUy carried at aThths8d cost. Fwwn(Jal assets dassif￿d as Tecei¥atAe wthin ane year are not atn(it5ed. Basic ffnon¢wl tiabilitses Ba5￿financ￿lI Iiabililies. ￿CIl¥JIng credrtL¥5 Init￿lY at ttan5wkn un￿5 the arrdnwment ¢onstrule$ ¥ fin¥KarvJ trar*¢￿. Fi18rKial Ikqt4*ies dassified ¥s pay8bk v*thin ore year¥e not &mty•sed. Financ￿1 li*)Ilthes are d8r8w*88d ￿en Charitys otlK>9b£￿s di%(th8rg￿ ￿ Cancel￿d. 2FACED DANCE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 ACcoUntw￿ pol￿•e$ (Continued) .11 E￿￿Oyee benefit8 The cJJst of any unused ￿N13Y enlit1￿￿1 ￿ re(xNJn￿ed in the the e￿Y￿SSerVI￿a[e re￿Ived. T￿n￿t￿n I￿nefits are rec￿n￿e￿ inethaielyas an when ts cwty ￿ demwstrJbly ¢ximmthed to lerrninate rfan ernPb￿ provKk lerM￿at￿￿ ber 1.12 Ret1￿Metht benefits PaytTEn15 lo defned c(Krt[￿n rptirery*nt bp[￿ theIr￿Sare as èXpPt￿e as 1hByfall due. Cr6tl¢al o¢counOr￿ osVm*s and IWgnts In aptyicAti￿ o1th8 Ch¥ty's ac¢ovnbng OK*s. the Trust88S¥8 W4u*&I to mak*judg•￿nts. esiimaies and assumplK)ns a￿Ut1he carrying amourtofassets ￿ Sablities that are not reathly apparenl Other The estynates ar￿ a5SDCK41ed based on historic￿ experie￿ othertactots that a￿ (X)nS￿ere0 ta be rdfvgnt. A¢bJal reyJNs tnaydrffEr [￿j￿th￿SeeS￿"￿￿e* The tstymales Ur￿*￿n9 on 8n or9yfM) b¥gs. Revisiws to 8¢¢ounbrvJ eaim8tes are rec(vJnised in the perK)d in ¥Jl¥ch Ihe esbmale *twe tIE revisw aff¥ts ￿lY Ihal p&i¢KI. or in the penou L the revis￿￿ Tulure pet￿￿5 where the rewS1￿ affects tx>th ￿1[r￿1 ar￿ thre period5. 12- i¥ ,Iil o a OOOLn￿) O CD 2FACED DANCE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 Chpr#ablo a¢thlts Trt•l Tr*n Tvain 2023 l@ ofgixJd5 Per[(￿anCe re&t8d grants 39.495 31.739 71.234 66.￿2 27,373 94,145 10.(MX) 10.1kn) 10,(XY) 11.(A)o 39.49S 41.739 81.234 67.772 37.373 105.14S An￿￿Els by fund Unrestrictsd fimds. gerer81 41.739 81.234 66.772 1.(M)O 37,373 104.145 PerfwMan¢o YeLqtod Th¢ Elnley Fouré•bon H￿h Sh8rrrft lo.1￿0 10.(VJ) 10,000 10.(M)O 10.(XX) 10.0 1.￿D 10,( 11.(K)O Othertfdding aGtivitks Unrp51rthd Unrostrictsd fu￿$ goneral 2024 2023 Fundraising events 10.595 75 ¢ome from lThYe¥bnents un￿￿trIcted Unre5tsicted funds lund5 2024 irnertst receivatAe 2.738 14- 2FACED DANCE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 O¢her In¢ VnrEytrirted UnrestrictEd fund5 nd5 2024 2023 Otherinccthe 15- r• 3 1111 11 ¥lj.fl£j Cy 11 Iti li NJ Gl ¢> ¢> JKO C) Ca Ln tsl- O O 2FACED DANCE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 $uppwt ¢ost$ 2024 Swwikryees. The a$8Ètsofts s¢h8me are held separawy frc*Tr IrKJse of the Charfy in an &1mirMthed fuThl. TIJ n< o otrJ ¢hi 000 o o 2FACED DANCE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 22 0¢slwat¢d fvnds Th¢ Lr(e8lricled funds of the chortyccffiwse the uncxpcrthy bolancesoldongtiofis and gronts which orc Th)1 tUb￿ct to speofi¢ condilryE by and tyanto￿ as t¢ Ilw These ir(Jude designaW funds which h8¥8 been set aS￿e of unrestricted luThls by Ihe trust￿ p￿￿￿s. Movementin Movement in fuTrd5 Balanco at I Wl 2ro2 Arts CtsJntil- Reco¥ery Fund Risk teser¥e Fixed assets 1￿.(y)0 4.797 100.(M)D 2.720 11.1871 3.610 18901 DCMS- CLdtural Re&￿ery capilil 61.764 IT.7421 38.236 122.5491 69.709 104,798 f1,764 18.9291 157.633 38.236 123.4391 172.430 Art8 CtrJntil Er¥Jand Cdlurdl Reciwy G￿l- F￿￿irVj wasprovid8d the year to assillwilh tht suTviY81 ofth? or9arnsaiion duri￿ th8 Cowth19 CL P) r 2FACED DANCE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 Ope[at￿9 kase (x)rnlitw￿rrtS Lessee Al the rgp(Kbry wd date ￿ lJarity hwl (xrtslanthry c(Nnmitrngnlsfor fijlurg b8$9 tYyTnents ￿￿1 notpcancellaWeopwatirvJ kases. fdl due a5 &JIry￿". 2024 2023 Wthin one year Belween iwo and five ye￿5 29.Y25 39.gH) 29.￿5 -25- This document was delivered using electronic communications and authenticated in accordance with ihe registrar's mles relating to electronic fomi, authenticatior and manner of delivery under sectioi) 1072 of the Companies Act ?006.