Charity Registration No. 1178796
Company Reglstratlon No. 06667896 IEngland and Wales)
2FACED DANCE COMPANY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2FACED DANCE COMPANY LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustses
MrA M Green
Ms E Knight
Ms G Shire
Ms A L Dallon-Hardy
Mrs R Cook
Ms Barttrop
Ms Purcell
IAppointed 1 July 20241
IAppointed 27 January 2025}
IAppoinled 15 July 20251
IAppointed 15 July 20251
Secretsry
MrA M Green
Charlty number
1178796
Company number
066S7896
Registered office
The Old Court
Gaol Street
Hereford
HR1 2HU
Independent examiner
Kendall Wadley LLP
Grants Lodge
71 Graham Road
Malvern
Worcestershire
WR14 2JS

2FACED DANCE COMPANY LIMITED
CONTENTS
Page
Trustees, report
Independent examinerfs report
statement of financial activities
9-10
Balance sheet
Notes lo the financial ststemenls
13-27

2FACED DANCE COMPANY LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report and financial statement5 for the year ended 31 March 2025.
The financial slalements have been prepared in accordance with the accounting policies sel out in note 1 of the
financial slalements and comply with the Charty's governing document, the Companies Act 2006 and
"Accounting and Reporting by Charities". Statement of Recommended Practi￿ applicable lo charities preparing
their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelantl
IFRS 1021 (effective 1 January 20191
Objectives and activities
The objectives, as stated in the governing do¢uments, are lo advance and promote participation in and
appreciation of performance art. especially in the form of dance, and lo provide education and training in
performance art, especially dance and associated disciplines.
In shaping our objectives for the year and planning our activities we have considered the Charity Commission's
guidance on public benefit, including the guidance 'public benefit. running a charity IPB21" al our Trustees,
meetings. In setting the levels of lickel prices, fees, and other charges the Board and senior management is
committed lo ensuring that all activities are available to those on low incomes through the provision of free
events, fair pricing, concessions and, where applicable, bursaries.
The Trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the
Charity should undertake.
Introduction
2024-2025 was 8 year of celebration. A year in which the company We￿ able to celebrate 25 years of providing
excellent work, celebrate its local community and start testing out some new, commercial models of working.
Throughout the year, 2Fa￿d Dance continued to demonstrate resilience and leadership in an increasingly
precarious cultural landscape. Against the backdrop of reduced public investment. a volatile touring market and
significant pressures on local authorities. the company maintained a steadfast commitment to a￿'StIC excellence,
community impact and sector responsibility. As Co-chairs, we have been particularly proud of the organisalion's
ability to operate wth inlegrty, care and innovation at a time when many small and mid-scale companies are
facing contraction.
Each of our highlighted projects this year reflects the company's commitment lo physically dynamic storytelling,
with a distinctive emphasis on masculinity, idenlily, mental health and the lived experiences of marginalised or
overlooked groups. This Ihemali¢ Consistency continues to strengthen 2Fa¢ed Dance's national profile as a
company with a clear social purpose and a bold artistic vol￿. Our Herefordshire base continLJes to be both a
challenge and a unique strength. The company plays a vital role in an area with limited cultural infrastructure,
providing high-quality artistic experiences and spaces that might otherwse be unavailable lo local residents.
However, with increased and rising core costs including the rent of the studios and staffing, the future very much
remains fragile.

2FACED DANCE COMPANY LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and perforniance
In its 25" year. 2Fa¢ed Dance continued to innovate, surprise and delight audiences, participants and the wider
cultural landscape. The company has always been ￿mented in ils locality, creating and encouraging the rich
diversity of dance whilst reflecting and championing action for national concems. this year around wellbeing and
sustainability.
Our programming choices this year reflected a clear focus on environmental concems, mental health and
wellbeing and social responsibility, rooted in our Herefordshire community while resonating nationally with urgent
themes around men's mental health, environmentsl care and youth empowerment. 2Faced's continued emphasis
on access and inclusion has ensured that our programmes remain open and welcoming lo those who face
barriers lo participation, in line with our ¢harilable objectives.
Outdoor
Touring
Our free lo access outdoor work plays a crucial role in our mission lo reach as many people as possible wrth
exceptional dan￿. In 2024125 we performed outdoor 36 times to more than 15,000 people of all ages, al 18
feslivalslevenls, wi(h 4 different works. It is our flexible and responsive approach with festivals, touring a range of
larger and smaller works that makes our reach possible. Fish Boy wth a cast of 4, Last Orders wth a cast of 4,
Lungs of Our City wV(h a cast of 3 and Last Laugh with a cast of 2. This allows the company to respond to
differing needs and budgets.
We started to fully lour our children's show Fish Boy, to schools, venues and festivals. Initially in co<realion last
year with local primary school pupils, Fish Boy tells the story of pollution In the River Wye and ils impact on our
environment. In 2024125, FISH Soyenjoyed an exceptionally successful first year of touring, reaching audiences
across the UK with ils dislinclivè blend of physical theatre, storytelling, and imaginative design. The production
was widely praised for its ability to engage both young people and adults, wV(h many venues reporting strong
attendance and enthusiastic audience feedback. Festival organisers and attendeeshighlighled the show's
emotional depth. inventive choreography. and a¢￿ssibilitY including BSL and audio inlrodu¢tion. helping it stand
out in a crowded touring landscape. The lour outdoors allowed us to once again start expanding the national
profile of the company and building back after losing our regular funding and was a reminder that we produce
exceptional work. Alongside Fish Boy we re- mounted Lungs of Our City, performing for the first time al Sailsbury
International Festival and toured Sean Moss's Last Orders up north. We also created a new duel Last Laugh
which had ils first outing at Oxford Dance Festival al the end of the year.
Feedback from audlences
'The show was incredible. We couldn't believe the choreography music and staging..
°He barely look his eyes off the dancers (which we all know is a major compliment from a toddlerl and he spent a
lot of the second ha￿ of the show saying 'Wiere are you fish? Come back fishl Loved it.
'Such a beautiful wsy lo highlight the disgusting stale of our beautiful River
'Being able lo watch professional dancers was such a Ireal", we live in a rural county
where access to the arts is limited or prohibitively costly due to travel, so I would like
to thank the organisers and performers for such a super experience"
°Excited. I want for morel 11 feels like you're on the quest with himl.
Alongside the production of Fish Boy we ensured that as many elements of the production and tour were
undertaken sustainably. Travelling by EV, printing our packs via risograph print and ensuring that venues and
festivals rèceived our green rider. Our a¢tivity packs enabled us lo offer after show activities lo all children and
parents, based on the NHS'S 5 steps of wellbeing and we produced a short film alongside spoken word artist
Charlie Slaunlon, called Rivers That Dance.

2FACED DANCE COMPANY LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Fish Boy expanded in 2024 and was taken inside to maxirnise the impact of the production. A lighting designer
was employed to ¢reale a design for the show and il was pèrformed four times al the Courtysrd Arts Centre and
Dance East, Ipswich. Plans lo tske Fish Boy on lour in 2025 are In hand.
Slte
Speclflc
One popular event, produced by the company and creatively directed by the company's ftjll lime dance artists,
was LOCKED & ACCUSED. An interactive 'escape room, style immersive theatrical experience, based in the
disused basement of the Centre for Movement. Using the location (old jail and law courtl as inspiration and
drawing on local Hereford history the production pla￿ participants al the centre of the story where together as a
team they had lo navigate clues, physical tasks and emotionally charged encounters. A first for Hereford,
audiences praised the work for ils inlensily, originality, and the way il mixed art with enlertainmenl. A community
company worked alongside the professional company and the show was performed 22 limes over 5 evenings to
120 people Imax of 8 per showl.
Audlenc& Fegdba¢k
'We absolutely loved the whole experience, the creab'vity, the dan￿r$, the setting, the tssksll This was our first
experience of an escape room and feel like you all set the bar loo high for us to try another one as feel like would
be a disappointment if we went elsewherel!.
'It surpassed my expectations and the perfomiers were fantastic, engaging and entertaining
R&D
During the year and after undertaking a period of theoretical research, our Artistic Director began the practical
research and development phase for the company's much anticipated new indoor work.
With hopes of touring the show the following year, the company delved deeply into topics exploring men's mental
health and the evolving meaning of masculinity in 2025., examining how pressures to be strong, suwssful, or
emotionally contained. shape men's inner worfds. Questions emerged surrounding what happens when
expectations collide, the need for connection and the quiet struggles men face. Forming a partnership with MIND
Herefordshire, the company used testimony, movement and collaborative exploration to uncover the quiet
struggles many men faC￿anxiety, isolation, inherited behaviours-and the courage required lo break cycles
and redefine what strength can look like.
The research and development process cenlred on honest conversations with men of different ages and
backgrounds, revealing shifting attitudes toward identty. responsibility. and emotional openness. These insights
informed a physi¢al language that balances tension and release, and a narrative that challenges stereotypes,
honours lived experience and imagines a fLJture where men can express themselves freely. A short extrad of the
R&D was performed both in the rehearsal studio and at the company's Retrospective evening in March.
Retr05pective
As part of the 25th anniversary celebrations, a Retrospective was held at The Centre for Movement in March. The
company commissioned local photographer Emma Drabble to take 25 portraits of peoplè that had helped shape
the past, present and future of the company. Alongside this there was an exhibition of images of the company's
productions over the last 25 years and engagement work across Herefordshire and beyond alongside the
winners of the school's ￿MPetition. A launch reception was held, featuring a fundraiser that su¢¢essfully raised
£5661 through a Combination Df donations, an auction and match funding through the BIG GIVE'S Arts for Impact
Campaign. 432 people visited it across 3 days, and the online exhibition will be hosted on our website.
In total this year the professional company performed 68 times lo approximately 19,432 people up and down the
UK. Reaching diverse communities, rural and urban, young and old and mainly non-dance audiences.

2FACED DANCE COMPANY LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Learning
Participation
This year deepèned our commitment lo using dance as a tool for social connection, confidence building and
belonging. Many of our workshops and rèsidencies supportèd young people navigating mental health Challenges,
isolation, or lack of access to cultural provision, particulady in rural areas. The company's partnerships with
schools. universities, the CAT network and community organisalions strengthened our role as a bridge btheen
early talent, higher education and the professional sector.
During 2024-25, 2Fa￿d Dance Company's outreach and community programmes saw almost 17,000 people of
all ages participate in a dance workshop, class, residency or project.
Our highlights included".
LocallylRegionally
We delivered creative Fish Boy Workshops within 6 primary schools across Herefordshire
We delivered a week residency at Bosbury Primary School to all year groups from Reception lo Year 6.
We secured 3 opportunities for our youth company. 2Fa￿d Youth, to perform in 2024125 and we were
proud and delighted when they were accepted into the r￿IOnal finals of the national U.dance event.
Alongside this they also look part in their own mini lour, performing a collection of work curated by
2Faced Youth Lead John Robinson, 2FY alumni and guest performers from HCA and Fairfield High
School.
Alongside this we hosted ￿gUlar company class for professional dancers
Our weekly Community dan￿ classes al our studios grew. and were allended by those aged 4- 84
We continued to deliver regular after school clubs al a host of very rural local primary schools.
We continued working with Young People attending Pupil Referral units and saw an increase in the
number of neurodiverse young people attending our dan￿ classes.
Nationally
We continued our partnership wlh Lincoln University delivering a choreographic residency lo the 3rd year
BA Students for the fourth year running
We delivered summer classes lo National Youth Dance Company Vvales students and continued to run
the weekly contemporary classes for London Studio Centre Associates Iwest Midsl
We delivered day workshops and choreographic residencies to CAT students in Birmingham,
Nottingham and Ipswich.
On lop of these highlights, we delivered an additional number of school workshops, work experience pla￿￿ents,
community sharing's, shows and training sessions.
Feedback
from
partlclpants
'2Faced Dance has been a huge part of the children's lives. 11 is more than simply a dance Class. It helps build
transferable skills such as presentation, improved ¢oordinalion, increased confidence. people skills elc which can
all be used in life"
'It would feel like a huge loss. A hole that would remain unfilled. No where else is like 2FD and we previously had
taken her lo dance classes in quite a wde radius from where we live bul none came anywhere dose lo 2FD. I
think partly il's the male teachers, but it'5 also the approach, ethos, great venue and vibe. 2FD aren't replaceable
or easy lo replicate. 11 is unique and special, and we feel hugely grateful to have them in our childs lifè.
'2FD are a huge positive influence in her childhood..
All of this work is only possible with the support of those around us,. local and national trusts and foundations
including.. The Elmley Foundation, UKSPF, Arts Council England, Hereford City Council, Big Give, Garrick Club,
Fo￿e Foundation, Hereford Community Foundation and EF Bulmer and of course individual support and
donations from the public, both local and from further afield.

2FACED DANCE COMPANY LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Online
Digital conlenl remains 8 key means of ¢ommunicaling with our 8udiences." on our website, through our short
films and our social media channels. Our robust soaal mèdia plan has seen our social media channels continue
to grow in 2024125, with over 44,000 followers collectively across Facebook, Instsgram, Twitter lor X") Vimeo
and Linkedln. Conlenl shared across our social media channels, in particular on Inslagram, are seeing
substsnlial levels of engagement, providing an a¢¢essible way for audiences who might not usually engage with
our work to see what we do.
Our total live and digital audiences across the year were 63,432, including participants a total of 80,432 people
engaged with our work.
We would like lo recognise the dedication of the staff team, freèlancers, trustees, artists, supporters and partners
who have contributed lo 2Faced Dance during an exceptionally challenging year for the cultural sector. Despite
the pressures facing small and mid-scale organisalions nationally, the Company has Continued lo create bold
work. reach new audiences and support community'es across Herefordshire and beyond. We remain ¢ommitted to
Championing dan￿ as a force for social impact and creative expression. and to ensuring that 2Faced Dance
continues to be a resilient, indusive and relevant organisation for many years lo come.
Plans for the future
Our mulli-faceled approach lo different projects has enabled us lo build on our Community outreach programmes,
support young tslenl right across the UK and create work alongside some of Herefordshire's most underserved
areas. By working in this way. we have created a portfolio of innovative shows, films. educational and health and
well-being resources, photography and printed media. We look forward lo Continuing to empower audiences and
partiapants up and down the UK with our innovative storytelling and powerful visuals.
Looking ahead, 2Faced Dance Company is preparing for a period of bold growth, creative innovation, and
deeper community Impact. Building on the momentum of recent touring work and the success of our Learning
and Parti¢ip8tion programmes, the company will continuè lo champion underrepresented voices, nurture
emerging tslenl, and push the boundaries of contemporary performance.
Future plans include expanding our national and international touring. developing new inlerdis¢iplinary
productions, and strengthening our Commitment lo work that addresses urgent social themes-particularly those
affecting men and boys. We aim to grow our partnerships with schools, cultural organisations, and community
groups, ensuring that our work reaches further and resonates more widely. Alongside this, we will invest in
organisalional resilience, artist development, and new digital opportunities to secure a sustainable and ambitious
future for the company. Our goal Is simple.. lo make powerful, relevant dance that changes lives, sparks
conversation, and leaves a lasting legacy.

2FACED DANCE COMPANY LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financial review
During the year total income received amounted lo £364,17012024'. £366,828).
£198.9771550/o 12024.. £265,3331720hl of total income was achieved via grants, with the management
team working hard to secure income from a decreasing public funding pot.
£16,25814% 12024.. £20,04115°kl of income came fundraising events and donations from our loyal
supporters.
£34,32519°k12024.' £28,74218°/ol of income related lo perfomiance fees from touring our creative works,
with touring activity increasing slightly year on year despite the difficulties in the sector generally.
£44,7531120A 12024". £42,4921110/0l Came from generated income in the form of studio hires, class
programmes and community outreach work which is a core part of the company's aclivilies, bringing
dance lo a wider audience in rural areas.
Despite careful management and cost control measures total expenditure rose 1 O9h year on year lo £397,876
12024.. £361,592) which resulted in an overall deficit of £33,70612024'. Surplus £5,0361.
Expenditure on core team salaries remains our primary outgoing in the year. Inflationary and minimum wage
increases were given to staff lo help maintsin and relain these employees and an additional dance artist was
employed.
Produdion costs and tour travel increased year on year as these are directly related lo the number of works
created and the performances undertaken.
Despite inflationary pressures on other costs, increases in rent, insurances and building maintenance were kept
to a minimum.
Principal funding sources
The following granl-giving bodies donated to the charitable company during the year.. The Elmley Foundation,
Arts Council England, UK Shared Prosperity Fund, The Foyle Foundation, Hereford City Council, Hereford
Community Foundation, the Garrick Trust and EF Bulmer Trust.
Structure. goveman¢e and management
The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by
guarantee as defined by the Companies Act 2006.
2Faced Dan￿ Company Limited incorporated on 8 August 2008 and registered 88 a charity on 16 June 2018.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up
to the date of signature of the financial statements were".
MrA M Green
Mr J N Jones
Ms E Knight
MSA R Thomas
Mr J R Boyle
Ms J R Cleves
Ms JAGlawe
Ms G Shire
Ms A L Dalton-Hardy
Mrs R Cook
Ms Badlrop
Ms PLJrcell
(Resigned 15 April 20241
(Resigned 11 November 20241
(Resigned 15 July 20251
(Resigned 1 July 20241
(Resigned 15 July 20251
IAppoinled 1 July 20241
(Appointed 27 January 20251
IAppoinled 15 July 20251
(Appointed 15 July 20251

2FACED DANCE COMPANY LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
In the year the Board began a period of renewal and reflection to ensure it has the right blend of skills,
perspectives and lived experience lo guide the company and 5UPPOrt the executive through the increasing
fragility of the cultural landscape. This Indudes work to improve board dynamics. crèate Clearer communication
pathways with the Executive Team, and strengthen strategic oversight. The Board remains committed to
fostering a culture of transparency, accounlabilily and trust, while ensuring that governance arrangements are
proportionate lo the size and Capacity of the organisalion.
Directors retire by rotation every three years but are free to be re-elected again straightaway. As part of
govemance arrangements, the board reviews ils strengths and skills on a regular basis to identify areas of need,
informing the Board recruilmenl strategy. None of the Trustees has any beneficial interest in the company. All of
thè Ttuslees are members of the company and guaianlee to contribute £1 in the event of a winding up.
2Faced Dance is managed by a Board of Trustees who also act as directors of the Company. Trustees are
recruited from a variety of sectors and demonslrale a lange of skills Including fundraising, education, HR,
corporate govemance, marketing, arts, and business development.
The Board delegates day-to-day operational responsibility to the Artistic Director. Tamsin Fitzgerald. Pay is
reviewed for all staff annually, and annual rises, when affordable, are based on the latest intelligence on
comparable posts, rate of pay in the arts sector.
Newly appointed Iruslees re￿1ve a comprehensive induction into the Company, including a meeting wrth the
Chair lo discuss the role of the Board and responsibility of the trustees, and a meeting wth the Executive Team
to discuss art15tic and management objectives. An induction pack contain5 the Company business plan and
¢onlribulory documents," a copy of the goveming documents., all current policies including Safeguarding, Equal
Opportunrties and Health & Safely., the most recent annual report., current annual budget and most recent
management accounts and an OLJlline of the responsibilities of the role of a Trustee. Trustees are encouraged to
attend perfomiances of the Company's work where possible.
The Trustees. report was approved by the Board of Trustees.
MrA M Green
Trustee
Dated.. 11 December 2025

2FACED DANCE COMPANY LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF 2FACED DANCE COMPANY LIMITED
I report lo the Trustees on my examination of the financial statements of 2Faced Dance Company Limited Ilhe
Charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the Trustees of the Charity land also ils directors for the purposes of company lawl you are responsible for
the preparation of the financial stslemenls in accordance with the requirements of the Companies Act 2006
(the 2006 Act).
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the
Charity's financial statements carried OLJI under section 145 of the Charities Act 2011 (the 2011 Act). In carrying
out my examination I have followed all the applicable Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent examinerfs ststement
Since the Charity's gross Income exceeded £250,000 your examiner musl be a member of a body listed in
section 145 of the 2011 Act. I confim that l am qualified lo undertakè the examination because l am a member
of The Institute of Chartered Ac¢ounlanls in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection wfth the
examination giving me cause lo believe that in any material respect".
accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act., or
the financial slalements do not accord with those records., or
the financial stslemenls do not comply with the ac¢ounling requirements of section 396 of the 2006 Act
other than any requirement that the a￿O￿nIS give a true and fair view which is not a matter wnsidered as
part of an independent examination., or
the financial 5talemenls have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo
be reached.
Sarah Morley ACA
for and on behalf of Kendall Wadley LLP
Granla Lodge
71 Graham Road
Malvern
Worcestershire
WR14 2JS
Dated.. 11 December 2025

2FACED DANCE COMPANY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Current financial year
Unrestrlcted Unrestrlcted Restrlcted
funds
funds
funds
general deslgnated
2025
2025
Total
Total
2025
2025
2024
Notes
Income and endowments from:
Donations and legacies
Charitable adivities
Other trading activities
Investments
Other income
5,280
79,079
9,261
1,717
71,856
196,977
202,257
79.079
9.261
1,717
71.856
272,041
81,234
10.595
2,738
20
Total income
167,193
196,977
364,170
366,628
Ex
enditure on-
Charitable activities
220,852
17,727
159,297
397.876
361,592
Net loutgoingllincoming resources
before transfers
{53,6591
117,7271
37,680
133,706}
5,036
Net loutgoingllincoming resources
before transfers
{53,6591
117,7271
37,680
133,706}
5,036
Gross transfers between funds
15
Net lexpenditurellincome for the yearl
Net movement in funds
{53,6581
117,7281
37,680
133,706}
5,036
Fund balances al 1 April 2024
67,512
172,430
2,198
242,140
237,104
Fund balances at 31 March 2025
13,854
154,702
39,878
208,434
242,140
The ststemenl of financial activities includes all gains and losses recognised in the year.
The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure
derive from eonlinuing aclivilies.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

2FACED DANCE COMPANY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Prior financial year
Unrestrlcted Unrestrlcted Re$trlcted
funds
funds
funds
general deslgnated
2024
2024
Totsl
2024
2024
Notes
Income and endowments from:
Donations and legacies
Charitable adivities
Other trading activities
Investments
Other income
129,773
81,234
10,595
2,738
20
38,236
104,032
272,041
81,234
10.595
2,738
20
Total income
224,360
38,236
104,032
366,628
Ex
enditure on-
Charitable activities
209,265
23,439
128.888
361,592
Net loutgoingllincoming resources before
transfers
15,095
14,797
124,856}
5,036
Gross transfers between funds
15
117,3931
17,393
Net lexpenditurellincome for the yearl
Net movement in funds
12,2981
14,797
17,463}
5,036
Fund balances al 1 April 2023
69,810
157,633
9,661
237,104
Fund balances at 31 March 2024
67,512
172,430
2,198
242,140
The ststemenl of financial activities includes all gains and losses recognised in the year.
The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies A￿ 2006.
10-

2FACED DANCE COMPANY LIMITED
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Notes
Flxed assets
Tangible assets
Current assets
Stocks
Debtors
Cash at bank and in hand
18
67,591
89,292
17
18
100
80,156
92,778
100
24,255
150,914
173,034
175,269
Credltors: amounts falllng due wlthln
one year
19
132,1911
122,4211
Net current assets
140,843
152,848
Total assets less current liabilities
208,434
242,140
Income funds
Restricted funds
Unrestricted funds
Designated fLJnds
General unrestricted funds
21
39,878
2,198
22
154,702
13,854
172,430
67,512
168.556
239,942
208.434
242,140

2FACED DANCE COMPANY LIMITED
BALANCE SHEET ICONTINUED)
ASAT31 MARCH 2025
The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2025. The members have not required thè company to obtain an audit In
accordance with sedion 476 of the CompaniesAcl 2006.
The directors ackno1￿edge their responsibilities for ensuring that the charity keeps accounting records which
comply with section 386 of the Act and for preparing financial statements which give a true fair view of the Stale
of affairs of the company as at the end of the financial year and of ils incoming resources and application of
resources, including its income and expenditure, for the financial year in accordance with the requirements of
sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo
financial statements, so far as applicable to the company.
The members have not required the company to obtain an audit of its finan¢ial ststemenls for the year in question
in accordance with section 476.
These financial slalements have been prepared in ac￿rdanCe with the provisions applicable lo companies subject
to the small companies regime.
The financial stslemenls were approved by the Trustees on 11 December 2025
MrA M Green
Trustee
Company Reglstratlon No. 06667896
12-

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity inforniation
2Faced Dance Company Limited is a private company limited by guarantee incorporated in England and
Wales. The registered office is The Old Court, Gaol Street. Hereford. HR1 2HU.
1.1 Accounting convention
The financial statements have been prepared in accordance wrth the Charity's governing document, the
Companies Act 2006 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 IFRS 1021 leffeclive 1 January 20191" The Charity is a Public
Benefit Entity as defined by FRS 102.
The Charity has tsken advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not to prepare a Stslemenl of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetsry
amounts in these financial stslemenls are rounded lo the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Going ¢on¢em
Al the lime of approving the financial slatemenls, the Trustees have a reasonable expectation that the Charity
has adequate resOUr￿S 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
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Reslricled funds are subject lo specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the restricted funds are set out in the notes lo the financial slalements.
1.4 Income
Income is recognised when the Charity is legally enb'tled to il after any performance conditions have been
mel, the amounts can be measured reliably, and it is probable that income wll be re￿ived.
1.5 Expenditure
Liabilities are recognised as expenditure as SODn as there is a legal or constructive obligation committing the
charity to that expenditure, 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 accounted for on an accruals basis and
has been classified under headings that aggregate all cost related lo the category. Vvhere costs cannot be
direcuy attributable lo particular headings they have been allocated to 8Ctivilies on a basis consistent wlh the
use of resources.
13-

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Icontlnuedl
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impaimient losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases".
Plant and equipment
Fixtures and fittings
Motor vehicles
250A Reducing balance
250A Reducing balance
250A Reducing balance
The gain or loss arising on the disposal of an asset is determined as the differen￿ between the sale
prO￿ed$ and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss lif any).
1.8 Stocks
Nel realisable value is the estimated selling price less all eslimaled costs of Completion and costs to be
incurred in marketing, selling and distribution.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand. and deposits held al call with banks.
1.10 Financial instruments
The Charity has èlected to apply the provisions of Section 11 'B8sic Financial Inslrumenls, and Section 12
'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls.
Financial instruments are recognised in the Charity's balan￿ sheet when the Charty becomes party to the
ntractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial stslemenls, when
there is a legally enforceable right lo sel off the recognised amounts and there is an Intention lo settle on
nel basis or to realise the asset and settle the liability simultaneously.
BasiTC financial assets
Basic financial assets, which include debtors and cash and bank balances. are initially measured at
transaction price including transaction costs and are subsequently carried al amortised cost. Finanryal assets
classified as receivable within one year are not amortised.
Baslc flnanclal Ilabllftles
Basic financial liabilities, including creditors are initially recognised al transaction price unless the
arrangement conslitules a financing transaction. Financial liabilities classified as payable within one year are
not amortised.
Derecognition of financial liabilities
Financial liabilities are dèrecognised when the Charty's contractual obligations expire or are discharged or
cancelled.
14-

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Icontlnuedl
1.11 Employee beneflts
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
lo lerminale the employment of an employee or to piovide lerminalion benefits.
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Crltlcal accountlng estlmates and Judgements
In the application of the Charity's accounting policies, the Trustee5 are required lo make judgements,
eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The eslimales and associated assumptions are based on historical experience and other
factors that are considered lo be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales 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.
15-

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Dona¥on8 and IBga¢lg5
u￿￿trict￿ R•Ètritt•d
fund¥
lunds
general
2026
Totsi Unresthtted UnrÈytriCted Res￿￿ter1
funds
funds
2025
2025
2024
2D24
2024
2024
Oonabony 2nd 9rfts
Grants
3.260
2,000
3.260
198,9TI
6.708
123.065
6.708
265,333
196,977
38,236
104.032
S.250
196.977
202.257
129.773
38.23f
104.032
272.041
Gronts r•¢•iVi￿O for¢orè a¢tivitWg
ATts counci1-c￿a￿O￿ of Tomo￿1>W
UKSPF
Norihem School ol CoThtemporary Dance
Éarrick Foundation Crant
Her&ford City Rewospe¢tive
The Elnley FtsundÈtion
Arts Council England- Fish 8oy
Her&fordshire Council
EF BulmerTruSt
The Foyle FoundatiD
99.99B
39,000
99,998
39,000
114.065
9.000
89.807
9705
1.520
203,B72
18,705
1,S20
2,000
2,000
3,000
1S.000
9,979
6,000
9.000
15,000
3,000
15.000
9.979
8,000
9.000
15.000
38.23
38.236
3,000
3.000
2.000
196.977
198.977
123.QES
38.23
104.032
268.333

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Charitable activitie5
Advance and Educats and
promote
Train
2025
2025
Total Advance and Educate and
2025
promote
Train
2024
2024
Total
2024
Sale of goods
Performance related
grants
44,800
34,279
79,079
39.495
31,739
71,234
10,000
10,000
44,800
34,279
79,079
39,495
41,739
81,234
Perfomiance related grants
The Elmley Foundation
10,000
10,000
10,000
10,000
Other tradlng actlvltles
Unrestricted Unrestricted
funds
funds
general
general
202S
2024
Fundraising events
9,261
10,595
Income from investments
Unrestricted Unrestricted
funds
funds
2025
2024
Interest receivable
1,717
2,738
Other income
Unrestricted Unrestricted
funds
funds
2025
2024
Other income
71,856
20
17-

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Adva￿¢& *ndEdrtat* and
Promots
Trnin
2026
Total Advant• andEduC4tè Ind
2025
Prornote
Train
2024
2024
2026
2024
otorv•hKl•expen6es
5,052
2,788
27,532
17,228
2,439
22,235
5,052
2.788
41.146
18,404
2.439
22.235
555
203
2,731
642
41,030
642
26.616
13.930
2.481
28.917
214
315
Rent and storage space
14,414
Cleaning
Freelathce artists
WOrkshoptrov￿ ¢¢sts
Srnall equipment
2.481
30,613
235
443
203
77,589
15,233
92,822
75.846
92,287
Shar8 of supportcosts Is88 note 91
Share of gwrnance cosis Ise* noty 91
303,254
303.254
1,800
267.048
2,257
267,048
2,257
382,643
15,233
397.876
16,441
361,592
Analy*i$ ty fund
u￿r￿triCi￿d funds- general
UnrestTrcW funds-
ResI[￿ted funds
205,619
17,727
159,297
15,233
220,852
17,727
159.297
192.824
23.439
128.888
16,441
209,265
23,439
128.B8B
382,643
397,876
361,592

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Support costs
Support Governanco
Costs
Costs
2025Support costs Govemance
costs
2024
staff costs
Depreciation
Freelancers
staff welfare
Payroll fees
Bookkeeping
Bank charges
Insurance
Subscriptions
Telephone
Postage and stationery
Sundries
Professional fees
Recruitment fees
Repairs and
maintenance
Advertising
Fundraising costs
217,719
22,350
13,615
2,609
217,719
22,350
13,615
2,609
173,684
29,742
10.837
2,980
483
18,935
458
2.623
2,923
1,722
178
538
5,892
5,766
173,684
29,742
10,837
2,980
483
18,935
458
2,623
2,923
1,722
178
538
5,892
5,766
15,702
507
2,720
1,003
3,740
287
1,431
4,603
1,036
15,702
507
2,720
1,003
3,740
287
1.431
4,603
1,036
1,761
9,221
4,950
1,761
9,221
4,950
601
6,449
3,237
601
6,449
3,237
Independent examination
Trustee expenses
1,800
1.800
1,200
1,057
1,200
1,057
298,304
1,800
300,104
263,811
2,257
269,305
Analysed be￿een
Charrtable activities
303,254
1,800
305,054
267,048
2,257
269,305
10 Net movement in funds
2025
2024
The nel movement in funds is slated after chargingllcreditingl..
Fees payable for the independent examination of the charity's financial
slalements
Depreciation of owned tangible fixed assets
1,800
22,349
1.200
29,742
11 Trustees
None of the Trustees lor any persons Connected with them) received any remuneration during the year, but 2
of them were reimbursed a total of £339 travelling expenses 12024- one trustee was reimbursed £103
travelling expenses).
19-

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
12 Employees
The average monthly number of ernployees during the year was..
2025
Number
2024
Number
Employment costs
2025
2024
Wages and salaries
Social security costs
Other pènsion costs
199.442
13,814
4,463
160,975
9,193
3,516
217,719
173,684
No employees received emoluments in excess of £60,000.
13 Key management personnel
Remuneration of key management personnel
The remuneration of key management personnel was as follows..
2025
2024
Aggregate compensation
84,000
74,087
14 Taxation
The charity is exempt from laxalion on its acb'vity'es because all ils income is applied for ¢harilable purposes.
15 Transfers
Other transfers of £112024- £17,393) have been made from designated funds to unreslricled funds.
-20-

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
16 Tangible fixed assets
Plant and Fixtures and
equipment
rittings
Motor
vehicles
Total
Cost
At 1 April 2024
Additions
21.584
649
70,856
60,443
152.883
649
At 31 March 2025
22,233
70,856
60,443
153,532
Depreclatlon and Impalrment
Al 1 April 2024
Depreciation charged in the year
8,007
3,421
37,230
8,406
18,355
10,522
63,592
22,349
Al 31 March 2025
11,428
45,636
28,877
85,941
Carrying amount
Al 31 March 2025
10,805
25,220
31,566
67,591
Al 31 March 2024
13,578
33,626
42,088
89,292
17 Stocks
202S
2024
Finished goods and goods for resale
100
100
18 Debtors
202S
2024
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
3,108
4,382
3,811
13.262
74.248
77,356
21,455
2025
2024
Arnounts falling due after more than one year:
Prepayments and accrued income
2,800
2,800
Total debtors
80,156
24,255
21

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
19 Creditors: amounts falling due within one year
2025
2024
Other tsxation and social security
Trade creditors
Other creditors
Accruals and deferred income
4,492
6,808
3,250
16,475
42
2,654
20,891
32,191
22.421
Deferred income of £1,225 12024.. £1,169) is induded in accruals above. The deferred income relates lo
income paid In advance for community dasses, workshops and room hire post year end.
20 Retirement benefit schemes
2025
2024
Deflngd ¢ontrlbutlon Schgmes
Charge to profit or loss in respect of defined contribution schemes
4,463
3,516
The Charity operates a defined wntribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the Charity in an independently administered fund.
-22-

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
R•strfctsd funds
The resthtted lund$ of the thènty ctsmprisèthe unexpended b￿aNCeS of donthns and grants held On truyt $ubiecttD $pecili¢ condititsn$ by donots &$ to htrw they may
b8 ￿￿d.
Mov¥mpntin fund#
Movim#nt in funds
Peiour¢e•
Bilanreal
•xp#nd•d J1 Marth2425
eat
I AW112D2J
MsoknY¢è8
1 A￿2ll24
Bench
The Ctrop FoundabOTh- Space to Conne
Futures Fund
National Lottery Community Fvund- Multkstvry
Norubem sthool ContempDrarydance- BulS£ry
EF BulmerTTUSt
Thg Foyle FvuThdat￿￿
The EIn￿eY FtsundÈtitsn
ATts Council
UKSPF
HeTpIotd Cty Council
ATts Council- Fish Boy
3,442
13,4421
4,510
l.S20
9.000
15.000
15.000
99.998
48.000
9,000
15,0
15,000
9,705
3.000
B9,807
17.393
1,043
9.979
9.661
104.03
17.393
2,198
196.977
3>,678
23-

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
R•¥trfctsd funds
Icontynu•dl
Bench-a devdopmEntand support programfflewhich 2FD hag created to combat uendEr Inequalty In dance. This fund will be used forc0mmi￿oni￿9 and events.
stsrt- a M￿￿-yearprogr￿rnrne worf<ing with schools in Heref0rdshI￿ with (xltutsl wsrts. wothshops. teacherCPDand special eventsfDryoung peO￿e
Space tts ConTheet- consult artists Ènd mierfrSME's from the ereÈtivèleulturd indugtrieg a¢rO$$ He￿I0￿$hIre a3 we had 8 Collectivè desire to eng29è in 8
conversation and try to find a S￿￿tIOn tD ourcollective lackDfaccess to appropriate Spa￿ In our¢ounty-
Mum￿￿tory- SUPPDrtforan OUtd￿rCom[￿UTrty Sh(￿ to tske pl8￿ In the roof of a multi-storycarpatk In Herefard. This took pL￿￿O￿l￿e dueto cowd resulting In redu
$pendiDg.
8ursary- Notthétn Schwl of contgm￿rary Danc& contribut8 towards Iho cost of paying a bursary to apprantlC8 dancer and Unde￿1VIte th& tounng costs of sa
apprentl¢t.
Company of H•reford$hire Community Fund fora neW￿mMUnity dass w be run oversummer2020, pos*oDed du•to covhj.
Th8 Elmley Foyndatiw- la￿Yearwlth kiD¢ p8nDI¥s￿￿ thg¥e rnonv8$ wgrg rfrdesignaled to fund a digital programmg. Thk4 ygar were rgc91Vgd In r91ation to
theathst programme.
Arts Council-9rarl rKei¥ed forth• creolion of work, Tomorfutyé.
UKSPF-grant rE￿1V@d from th8 QUI￿ra1 De￿IDP￿ellt and CUl￿ra1 Programming schemas.
Herefordshire ¢ty ¢Duncl-gr8ntti)wards costs af our 25th Anniversary"Retrospective' Exhibition.
Arts Council- Fish Boy- proJECtgrantlorlhE creabDn of a newWD￿.
Bulmer F¢undabOn- grant re¢eived 1¢rTOwns￿1Ve proje￿. a senes of11￿ events In dewved rur￿ markeitowns.
FoW8 Foundation-grant rece￿@d forth8 cr8ation of n8LY Wotk. Tomorrow.
24-

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
22 Designated funds
The unreslricled funds of the charity comprise the unexpended balances of donations and grants which are
not subject lo specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes.
Movement in funds
Incoming
Resource5
Balance at
resources
expended 1 April 2024
Balance at
1 April 2023
Resources
expended
Transfers
Balance at
31 March 2025
Arts Council-
Cultural
Recovery
Fund
Risk reserve
Fixed assets
DCMS-
Cultural
Recovery
capitsl grant
100,000
3,610
100,000
2,720
100,000
2,053
18901
1667)
54,022
38,236
122,5491
69,709
117.0601
52,649
157,633
38,236
123,4391
172,430
117,7271
154,702
Arts Council England CultLJral Recovery Grant - Funding was provided during the year to assist with the
survival of the organisation during the Covid-19 crisis, it was originally provided to cover support for a 6 month
period lo 31 March 2021, however, this was extended to 30 June 2021.
Risk reserve - It is the policy of the charity lo maintain sufficient unreslricled reserves, which are free reserves
of the charity to close down the organisalion. In accordance with Charity Commission guidelines these
represent three month's running costs of the charity. Based on the 2021122 budget this amounted lo £100,000
and therefore this amount was transferred from unrestricted lo designated reserves.
Fixed assets- assets purchased using restricted funds a¢¢ounled for through transfer lo designated fund.
DCMS- Cultural Recovery Capital Grant- rinal instalment of the grant received in 2022 for capital expenditure
to improve accessibility lo the studio space and have a greener impact for our touring works.
-25-

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
23 AnJlys18 vf n•taS$gts b•tsvgw fvnd
VTrre$trlcted Deslgnated Ro$trScted
funds
funds
funds
2025
202$
2025
Total Unresbicted Oesigna￿d ￿e*￿ted
lunds
2024
Total
2025
2024
2024
2024
Fund balan￿3 st 31 March 2025 sre represented
by..
Tangit4t oss*s
CuTrentllia￿litleS)1aSsets
52,929
829
39.049
67,591
140,843
4S.380
.152
42,825
129,605
89,292
152,B4B
13.854
154,702
39.878
208,434
67.S12
172,430
2.198
242,140
28-

2FACED DANCE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Operating lease commitments
Lessee
Al the reporting end dale the Charty had outstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows..
2025
2024
thin one year
Be￿een two and five years
40,000
70,925
29,925
110.925
29,925
-27-