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2025-08-31-accounts

Company registration number: 11077278 Charity registration number: 1179697

OPDA TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Wilson Stevens

OPDA Contents

Page
Reference and Administrative Details 1
Trustees' Report 2—4
Independent Examiner's Report 5
Statement of Financial Activities (including Income and Expenditure Account) 6
Balance Sheet 7
Notes to the Financial Statements 8—15
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities (including Income and Expenditure Account) 16

OPDA Reference and Administrative Details For The Year Ended 31 August 2025

Trustees Mr D Keating Ms Z Newell Ms E Hardy Charity Number 1179697 Company Number 11077278 Independent Examiner David Hatchard BA FCA Nigel Wilson & Co Statutory Auditor & Accountants 4th Floor 100 Fenchurch Street London EC3M 5JD

Page 1

OPDA Company No. 11077278 Trustees' Report For The Year Ended 31 August 2025

The trustees present their report and the financial statements for the year ended 31 August 2025.

Objectives and Activities

Aims and Objectives

The charity aims to provide an engaging way to experience the arts while building health and wellbeing. This includes working towards;

Public Benefit

OPDA continued to provide high-quality performing arts education to young people across the local community. Bursaries and financial support remained available across both the College and On Point Dance Academy to improve access for students regardless of financial circumstances.

Students benefited from productions, performances and enrichment activities that developed confidence, wellbeing, employability and technical skills. The charity also continued to explore additional charitable funding opportunities to expand community outreach.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

Charitable activities

During the period the charity educated young people in the arts of drama, dance and music via a series of classes.

Financial Review

Financial Position

The year ended 31 August 2025 represented a year of recovery and consolidation for OPDA. Following the significant challenges experienced during the previous financial year, the trustees focused on strengthening financial management, improving operational efficiency and investing in areas that would support long-term sustainable growth.

Income increased to £537,639 while expenditure reduced to £515,236, resulting in an unrestricted surplus of £22,403 for the year. This reduced the accumulated deficit from £110,030 to £87,627.

During the year, full-time college enrolment increased to 49 students, while On Point Dance Academy grew to approximately 230 students. Average spend per Academy student increased from approximately £178 to £210 per term. Revenue from theatre productions and shows increased by around 5%.

The charity reduced overall staffing numbers while investing in a smaller, higher calibre team, improving operational performance and student outcomes.

...CONTINUED

Page 2

OPDA Trustees' Report (continued) For The Year Ended 31 August 2025

Financial Position - continued

Strategic partnerships with Central Bedfordshire College and The Bedford College Group continued to strengthen, including early discussions around future opportunities linked to the proposed Universal Studios development in Bedford.

The charity continues to carry historic HMRC liabilities from previous trading periods. A structured repayment plan is in place and the trustees remain committed to reducing these liabilities while ensuring current payroll obligations are paid on time.

Although unrestricted reserves remain negative at the year end, the trustees are encouraged by the return to surplus, improved cash position and positive financial trajectory.

Future Plans

The trustees are optimistic about the charity's future. At the time of writing, the College has secured 65 enrolled students for the next academic year. On Point Dance Academy currently has 173 enrolled students, with recruitment continuing throughout the summer.

The trustees anticipate significant growth during 2025/26, driven by increased student recruitment and contracted educational delivery. Planned investment includes a mezzanine extension to create additional studio space, continued investment in productions and equipment, and improvements to heating and air conditioning.

The charity is progressing discussions with the University of Bedfordshire regarding validation of a Level 6 top-up degree, allowing students to progress from age 16 through to degree-level study within OPDA.

The trustees will continue rebuilding unrestricted reserves while reducing historic HMRC liabilities through planned repayments funded from future operating surpluses, alongside maintaining full compliance with current HMRC obligations.

Structure, Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 22nd November 2017 and registered as a charity. The company was established under a Memorandum of Association which sets out the objects and powers of the charitable company and is governed under its Articles of Association

Trustee Selection Methods

Current trustees are already familiar with the practical work of the charity. Prior to the appointment as a new trustee, the candidate is met by the individual trustees and officers of the charity to ensure that he/she is fully aware of the requirements and statutory duties of a trustee and to ensure that the person is suitable to hold such an appointment.

Page 3

OPDA Trustees' Report (continued) For The Year Ended 31 August 2025

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr D Keating Trustee 8th July 2026

Page 4

OPDA Independent Examiner's Report to the Trustees of OPDA For The Year Ended 31 August 2025

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company 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 your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination.

I have identified matters of concern in my report. During the accounting period, material salaries were paid to a trustee and a related party, which is not allowed per the articles of association because prior consent was not requested from the Charities Commission.

I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

David Hatchard BA FCA Nigel Wilson & Co Statutory Auditor & Accountants 8th July 2026 4th Floor 100 Fenchurch Street London EC3M 5JD

Page 5

OPDA Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025

Notes
INCOME AND ENDOWMENTS FROM:
Other trading activities
3
EXPENDITURE ON:
Raising funds
5
NET INCOME/(EXPENDITURE)
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
15
The notes on pages 8 to 15 form part of these financial statements.		 2025
Unrestricted
funds
£
537,639		 2024

Unrestricted
funds
£

415,251
(527,576 )

(112,325 )

(112,325 )
2,295
(110,030 )
(515,236 )
22,403
22,403
(110,030 )
(87,627 )

Page 6

OPDA Balance Sheet As At 31 August 2025

Notes
FIXED ASSETS
Tangible Assets
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
Creditors: Amounts Falling Due Within One Year
13
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET LIABILITIES
FUNDS OF THE CHARITY
Unrestricted Funds
TOTAL FUNDS
15
On behalf of the board
Mr D Keating
Trustee
8th July 2026
The notes on pages 8 to 15 form part of these financial statements.		 2025
Unrestricted
funds
£
5,813		 2024

Total funds
£

6,502
5,813
129,867
24,052
6,502

37,915

1,558
153,919
(247,359 )
39,473
(156,005 )
(93,440 ) (116,532 )
(87,627 ) (110,030 )
(87,627 ) (110,030 )
(87,627 ) (110,030 )
(87,627 ) (110,030 )

Page 7

OPDA Notes to the Financial Statements For The Year Ended 31 August 2025

1. General Information

OPDA is a company limited by guarantee, incorporated in England & Wales, registered number 11077278 and registered charity number 1179697 . The registered office is .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

2.3. Significant judgements and estimations

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

2.4. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the donor.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 8

OPDA Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

2.5. Incoming Resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Legacy income is recognised when receipt is probable and entitlement is established.

Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

2.6. Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

2.7. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold 20% on cost Fixtures & Fittings 20% on cost Computer Equipment 20% on cost

2.8. Taxation

The charity is exempt from tax as all its income is charitable and applied for charitable purposes.

Page 9

OPDA Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

2.9. Pensions

The charitable company operates a defined pension contribution scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

3. Income from Other Trading Activities

. Income from Other Trading Activities
Fundraising events
Shop income
Sale of donated and bought in goods
Letting and licencing arrangements
Sponsorships / social lotteries		 2025
Unrestricted funds
£
63,282
3,037
154
275,738
195,428		 2024
Unrestricted funds
£

6,387

1,213

142

395,509

12,000
537,639
415,251

4. Net Income/(Expenditure)

The net income/(expenditure) is stated after charging/(crediting):

Depreciation of tangible fixed assets - owned
. Analysis of Expenditure
Raising funds
Raising funds		 Activities
undertaken
directly
(see note 6 )
£
216,794		 2025
£
3,063		 2024
£

4,941

Support
costs
(see note 7 )
£

298,442		 2025

Total
£

515,236
Activities
undertaken
directly
(see note 6 )
£
190,348
Support
costs
(see note 7 )
£

337,228		 2024

Total
£

527,576

5. Analysis of Expenditure

Page 10

OPDA Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

6. Direct Costs

Cost of goods sold:
Purchases
Cost of goods sold:
Purchases
. Support Costs
Employee costs:
Wages and salaries
Employers NI
Employers pensions
Trustees' salaries
Other motor/travel costs
Premises expenses:
Rent
Rates
Repairs and maintenance
General administration:
Insurance
Printing, postage and stationery
Advertising and marketing costs
Telephone
Independent examiner’s fees
Accountancy fees
Subscriptions
Bank charges
Other office costs		 2025
Raising
funds
£
216,794
2024
Raising
funds
£
190,348
2025
Raising
funds
£
114,760
17,913
1,425
40,000
4,104
62,198
18,750
1,598
1,390
2,988
4,214
2,549
400
3,850
2,669
3,093
12,704
...CONTINUED

7. Support Costs

Page 11

OPDA Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

Sundry expenses
Depreciation:
Depreciation
Employee costs:
Wages and salaries
Employers pensions
Trustees' salaries
Other motor/travel costs
Premises expenses:
Rent
Rates
Repairs and maintenance
General administration:
Insurance
Printing, postage and stationery
Advertising and marketing costs
Telephone
Independent examiner’s fees
Accountancy fees
Bank charges
Other office costs
Sundry expenses
Depreciation:
Depreciation
8. Independent Examiner's Remuneration
2025
£
Independent examination of the financial statements
400		 774
3,063
298,442
2024
Raising
funds
£
144,929
3,803
60,000
3,867
60,811
26,117
4,889
2,581
1,428
2,533
3,104
400
2,250
829
14,538
208
4,941
337,228
2024
£
400

Page 12

OPDA Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

9. Staff Costs

Staff costs were as follows:

. Staff Costs
taff costs were as follows:
Wages and salaries
Social security costs
Other pension costs		 2025
£
154,760
17,913
1,425
174,098		 2024
£
204,929
-
3,803
208,732

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

10. Average Number of Employees

Average number of employees during the year was: 4 (2024: 5)

11. Tangible Assets

Land & Property

Cost
As at 1 September 2024
Additions
As at 31 August 2025
Depreciation
As at 1 September 2024
Provided during the period
As at 31 August 2025
Net Book Value
As at 31 August 2025
As at 1 September 2024		 Leasehold
£
34,899
-		 Fixtures &
Fittings
£

5,451
2,125		 Computer
Equipment
£

5,527

249		 Total
£

45,877

2,374
34,899
7,576
5,776
48,251
34,357
542
1,940

1,185
3,078

1,336
39,375

3,063
34,899
3,125
4,414
42,438
- 4,451
1,362
5,813
542
3,511
2,449
6,502

Page 13

OPDA Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

12. Debtors

Due within one year
Trade debtors
Other debtors
3. Creditors: Amounts Falling Due Within One Year
Trade creditors
Other creditors
Taxation and social security
Accruals and deferred income
5. Movement in Funds
Unrestricted funds
General:
General unrestricted fund
Total funds
Unrestricted funds
General:
General unrestricted fund
Total funds		 As at 1
September
2024
£
(110,030 )		 Income
£
537,639		 2025
£
98,694
31,173
129,867
2025
£
47,308
16,094
91,249
92,708
247,359
Expenditure
£

(515,236 )		 2024
£
2,455
35,460
37,915
2024
£
63,054
39,401
46,408
7,142
156,005
As at 31
August
2025
£
(87,627 )
(110,030 ) 537,639
(515,236 )		 (87,627 )
As at 1
September
2023
£
2,295		 Income
£

415,251		 Expenditure
£

(527,576 )		 As at 31
August
2024
£
(110,030 )
2,295
415,251
(527,576 )		 (110,030 )

13. Creditors: Amounts Falling Due Within One Year

15. Movement in Funds

16. Transactions with Trustees

Page 14

OPDA Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

The following trustees have been paid remuneration or have received other benefits from the charity or related entity:

Name of trustee Legal authority Remuneration 2025 Total
£ £
Mr D Keating
 Regulatory body permission 40,000 40,000

During the previous year the following trustees have been paid remuneration or have received other benefits from the charity or a related entity:

No trustee expenses have been incurred.

17. Related Party Disclosures

The charity owes an amount of Nil to Amazing Group Holdings Limited (2024; £2,294). D Keating is a director of Amazing Group Holdings Limited.

The charity is owed an amount of £4,835 from Amazing Group Holdings Limited (2024; £Nil). D Keating is a director of Amazing Group Holdings Limited.

18. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

Page 15

OPDA Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025

INCOME AND ENDOWMENTS FROM:
Other trading activities
Fundraising events
Other
Interest receivable
Fees
Rent received
EXPENDITURE ON:
Raising funds
Purchases
Wages and salaries
Employers NI
Employers pensions
Trustees' salaries
Other motor/travel costs
Rent
Rates
Repairs and maintenance
Insurance
Printing, postage and stationery
Advertising and marketing costs
Telephone
Independent examiner’s fees
Accountancy fees
Subscriptions
Bank charges
Other office costs
Sundry expenses
Depreciation
NET INCOME/(EXPENDITURE)		 2025
Total funds
£
63,282
3,037
154
275,738
195,428		 2024
Total funds
£

6,387

1,213

142

395,509

12,000
537,639
415,251
537,639
(216,794)
(114,760)
(17,913)
(1,425)
(40,000)
(4,104)
(62,198)
(18,750)
(1,598)
(1,390)
(2,988)
(4,214)
(2,549)
(400)
(3,850)
(2,669)
(3,093)
(12,704)
(774)
(3,063)
415,251
(190,348)
(144,929)
-
(3,803)
(60,000)
(3,867)
(60,811)
(26,117)
(4,889)
(2,581)
(1,428)
(2,533)
(3,104)
(400)
(2,250)
-
(829)
(14,538)
(208)
(4,941)
(515,236) (527,576)
(515,236) (527,576)
22,403 (112,325)

Page 16