Registered number: 10537823
Charity number: 1183150
RUSSELL MALIPHANT DANCE COMPANY
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
CONTENTS
Page
Reference and admlnlstratlve detalls of the company, Its Trustees and advlsers
Trustees. report
2-10
Independent examiner's report
ststomont of financial activitlOS
12
Balance sheet
13
Notes to the financial statements
14-26
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
Steven Spier, Chair
Phillippa Ad8mson
Fleur Derbyshire-Fox
Stuart Griffilhs OBE
Joseph Henry (resigned 15 October 20251
Louise Shand-Brown
Hamble Wallace Iresigned 27 May 20241
Company registered
number
10537823
Charity registered
number
1183150
Registered office
Russell Maliph8nt Dance Company
Excelsior Studios
17 Sunbeam Road
London
Eng18nd
NW10 6JP
Artistic & Executive
Director
Dr Russell Maliphanl, OBE
Accountants
Nym8n Libson P8uI LLP
Chartered Accounlanls
Slatulory Auditors
124 Finchley Road
London
NW3 5JS
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of the company for the year
ended 31 March 2025 which are also prepared to meet the requirements for a directors, report and accounts for
Companies Act purposes.
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
OBJECTIVESAND ACTIVITIES FOR THE PUBLIC BENEFIT
For the benefit ol the public to advance the arts through the creation and perfDrmance of dance,
exhibitions or otherartistic performances and to advance education by encoLJraging the understanding
and appreciation of the performing arts, particularly the art of dance, and meaningful collaboration.
The Trustees confirm that, in setting and reviewing the objectives and activities of the company, they
have paid due regard to the Charity Commission's guidance on public benefit.
OUR VISION
Is to create art, relationships and opportunities through dance.
OUR MISSION
Is to push the boundaries of movement, light, music, and the concepts of dance, opening this up to
our global audiences through touring, discussion and education.
OUR AIMS
We create the conditions within the company where all involved can feel comfortable and supported
to produce their best work.
We push the artistic boundaries and methodologies, through innovative, experimental collaborations
that combine dance with film, site specific settings and other media.
We challenge conventional ideas and assumptions of what is best practice, and what is expected from
our participants in both learning and performance environments.
We champion diversification, critical leedback, environmental understanding, the collection of
statistical and ethnographic data, and we embrace the use of empirical Èvidence to bringabout change.
We believe listening and learning will help our art be more relevant.
We develop tomorrow's dancers, choreographers, administrators and associate collaborators within
professional and community settings.
RMDC'S work has a proven strong, loyal core audience and our experimentation in form and medium
is aimed at bringing in new and more diverse audiences.
Russell Maliphant Dance Company IRMDCI objectives aye-
Creation and Touring of RMDC dance performances across the world
Education and Research DI dance practice and engagement
Research and Development of the integration and exploitation of digital technologies into
performance.
Russell Maliphant Dance Company IRMDCI is a world class contemporary dance company founded
on the vision of Olivier award winning choreographer Russell Maliphant OBE, PhD, RMDC'S Artistic
Director. Originally founded in 1996 and became a charity in 2016, RMDC is based at Excelsior
Studios, in Ealing and occupies a unique space in the UK dance ecology. Over the last 29 years,
RMDC has consislenlly created innovative new dance works exploring the special relationship
between light, movement and sound lor audiences, professional creatives, emerging talent and young
people acrDSS the UK.
Russell Maliphant enjoys a world class reputation for his unique contemporary dance choreographyi
which has been created in partnership with leading collaborators such as Sylvie Guillem, Robert
Lepage, Vangelis, Alexander McQueen, Isaac Julian, Michael Hulls, BalletBoyz, Panagiotis Tomaras
and the Lyon Opera Ballet to name but a few.
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
Maliphant's language is transdisciplinary, spanning formal classical and improvised contemporary
techniques, yoga, capoeira and tai chi, and is heavily influenced by lighting technology, anatomy,
rolling, physiology and biomechanics.
Seminal works include Vortex, Silent Lines, Push, Broken Fall, The Rodin Project and Critical Mass.
Awards include= three Olivier awards, four Critics Circle awards, three Southbank Show awards, two
Time Out awards and two Knight of Illumination award5.
The consistent quality and integrity of RMDC'S work is testament to Maliphant's artistic vision and
talent. Alistair Spalding, Artistic Director and CEO of Sadler's Wells London has observed that "The
detail and rigour with which Russell focuses on the 'qualily' of movement in his choreographic craft is
second to none and produces choreographic masterpieces"
2024125
ACHIEVEMENTS AND PERFORMANCES
A new solo creation titled 'ln A Landscape, was completed
Nine performances at five different venues reaching 1620 people
Three shows at studio 17 Excelsior, London
Three shows at The Coronet Theatre, London
One show case at Sadler's We115 East, London
One show at Dance East, Ipswich
One show at Lakeside Arts Centre, Nottingham
Two workshops & nineteen regular online classes for non-dancer individuals
One 'Creative intensive, programme development for twenty dance professionals & makers
with plans to launch in spring 2026
11 New Solo'ln a Landscape. production.
A new solo choreographed and performed by Russell Maliphant, created with video artist and lighting
designer Panagiotis Tomaras and with an original score by Dana Fouras.
For In a Landscape, the creative process began with a period of research and experimentation - an
element ol which was exploring how different textiles and fabrics could transform under light and in
dialogue with movement & music. This theme was developed through the work as the lighting became
an active partner to the dancer, shaping atmospheres and perception by shifting focus, direction, and
intensity of light. Through testing how fabrics moved and caught the light, a visual language was
developed where texture, rhythm, and shadow became extensions of the choreography. This interplay
culminates in the final section, where light, dancer, music and fabrics converge to create a hypnotic
and immersive state of quiet suspension and grace.
Reviews for 'ln A Landscape,:
"I could watch it r&pe8tedly, W&ek-after-w￿k., ***** Graham Watts
' The simplicity of Maliphant's new solo, In a Landscape, is awe inspiring., ***** (Maggie
Foyer, Seeing Dancel
"In a Landscape shows Maliphant still has terrific things to say as both a dancerand
choreographer., ***** (Bruce Marriot, lor Lifted Leg)
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
' This immersive, mesmerising 30-minute piece is danced, too, by diaphanous drapes and
shadows cast by Maliphant as a result of Ponagiotis Tomaris's extraordinarily ingenious
lighting., ***** ￿ere55a Guerreiro- London Unattached)
21 '1n A Landscape. & 'Atterlight' performances.
To create a full evening of stand-alone dance, the solo In a Landsc3pe was paired with the 2009-piece
Afterlight- danced by the exceptional Daniel Proielto AfterLight revisits Nijinsky's visionary geometry
and imagination. Fifteen years on, the work remains a hypnotic study of circles, spirals and reflection,
accompanied by Erik Satie'5 Gnossiennes.
Reviews for 'Afterlight':
"It's hard to put into words the hypnotic nature of his movement."
"I'm already looking fonvard to the time when I'llget to see Itagain.
***** (Tere55a Guerreiro- London Unattached)
"This is a small miracle of creation., ***** (Maggie Foyer- Seeing Dance)
Two short lilms were also added to the programme, created previously with the photographerJulian
Broad. Both would be impossible lo perform live.. As Teressa Guerreiro explains..
'The two short films runningin a loop in the studio are studies in movement. The first offers the
opportunity to watch Dana Fouras, who was herself a remarkable dancer both as a classical ballerina
and later as a powerful interpreter of Maliphant movement. Backlit, she animates the generous folds of
designer Stevie Stewart's dark costume with her flowingèrms andcontinuous turns. In the second,
Maliphant, suspended horizontally from an elastic bandjustabove the ground, explores the
possibilities of movement, balance and control."
Venues visited durin
FY 2024-25..
6th December 2024- Studio 17 Excelsior, London. The new 5010 work in progress preview
show, London
26th February 2025- Sadler's Wells East, London. Excerpt of 'ln A Landscape, presented at
the fundraising gala evening
10th - 12th March 2025 - The Coronet Theatre, London. 'In A Landscape, & 'Afterlight'
programme13 performances)
18th - 20th March 2025 - Studio 17 Exce15ior, London. 'In A Landscape, public showing at the
studio13 performances)
13th March 2025- DanceEasl, Ipswich. 'In A Landscape, performance with films & post show
talk
25th March 2025- Lakeside Arts Centre, Nottingham. 'In A Landscape, performance with films
& post show talk
The tour continues in 2025-26, including three repeats of the programme at The Coronet Theatre,
eight international pertormances al the EDF Foundation, Paris, four performances at Sadlers Wells
East, with special guest Alina Cojocaru performing the WDrk Two, and participation in ATG
Entertainment programme in Spring 2026 & Pavilion Dance South West in Autumn 2026.
Also, the full length version of Vortex will be re-staged and presented for three performances at
Teatr05 Del Canal in Madrid, Spain, marking the first re-staging since June 2023.
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
3) Workshop & Cla55es for nOn￿ancer individuals.
Starting from January 2025 RMDC held a series of workshops & online classes for non-dancer
individuals and decided to continue this activity throughout 2025-26 to broaden our skillset sharing &
approach to movement.
The workshops and classes focus on awareness through movement and improving physical and
mental health, as well as raising awareness ol Maliphant's practices and approaches, used not only
for professional purposes, but 8150 to maintain his own personal health and help to remove
restrictions that may be experienced due to physicallmental stres5 or trauma or decline5 Usually
associated to the process of ageing.
Online classes draw from Russell's extensive experience in dance, bodywork, Somatic movement,
anatomy and biomechanics. The sessions do not require prior dance experience and participants can
engage at their own level of ability. Each class includes movement awarene55 practices, stretching lor
health, and core engagement, and breathwork practices to relax, integrate & invigorate the nervous
system.
Workshops are held in-person, monthly at Studio 17 Excelsior, Ealing. Each workshop is focused on a
different theme of movement practice and includes theoretical articles and imagery about the latest
fascial research. Exercises are designed to help unlock greater ease, efficiency, strength, and
integration in bodies.
By the end of March 2025, the RMDC had organised 19 online classes with 62 unique participants
and 2 workshops with 27 unique participants. As a 'local' incentive, one of the workshops was
provided free for the local community and gave everyone interested, regardless of their financial
means, the opportunity to attend and sample Russell's approach with practlC81 movement exercises
that can be pract15ed at home.
Participants feedback=
'1 left feelingmore knowledgeable andconnected to my body. I learnt not to fear movement,
especially following injury, and thatit is possible to find ease of movement with consideration,
care and understanding of the whole body Nicky
"Russel's classes are a great way to condition the body, touch base with. yourrehab needs and
plan goals. He offers the sophi5tic3tion of full-bodied practice informed through hi5 experience
as a high-endathlete and creative while also being able and willing to supportyou with
adaptations foryour own rehab and athletic needs. Expressive andprecise language, adept
somatization and complete whole-body workout. Highly recommend. '_ Camelia
41 'Creative Intensive, programme development.
This is a programme sharing the unique company approach to the process of creation which can be
scaled and adapted to different movement and aesthetlc sensibilities, venues and budgets.
Designed to explore the relationship between movement, light, and sound as artistic and
draMatU￿lCal tools. This five-day intensive programme intends to..
Equip participants with the creative awareness and technical toci15 to develop new work with
light as a partner
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
Share RMDC's unique methodologies developed over 30 years of interdisciplinary process &
practice
Establish the foundation for a sustainable educational initiative
This 5-day intensive 15 designed for individuals looking to deepen their understanding of processes &
possibilities in creating and producing their own dance or performance pieces. Participants will
explore how light shapes perception, how sound sculpts space, and how these elements intersect
with movement to create layered, emotionally resonant performance5. Our goal is to equip mentees
not only with practical skills, but with an expanded artistic perspective.
One aim of this initial project is to collect initial insights and refine the programme further into a fully
developed educational package. This will enable the RMDC team to support and share with young
professionals from project conception to production launch and touring.
FINANCIAL REVIEW
At the balance sheet date, the total reserves were £138,681 12024.. £178,225), of which £38012024=
£Nill were restricted funds, £Nil12024= £155,000) were designated funds and £138,30112024=
£23,225) were general unrestricted funds.
At the balance sheet date, the company held fixed assets of £Nil12024.. £2581, cash at the bank and
in hand of £68,80312024.. £152,006), debtors of £116.28712024: £30,961) and creditors of
£46,40912024= £5,000).
Income for the period totalled £208,67112024= £326,709) consisting of income from donations and
legacies of £70,00012024.. £256,7151, income from charitable activities of £138,24512024=
£68,416) and income from investments totalling £42612024.. £1,5781. Expenditure on charitable
activities totalled £248,21512024.. £677,220), resulting in a net loss of £39,54412024= £350,511).
FY 2024125 was a year of new work development and creation. During this year RMDC funding was
associated with securing £IOO,000 funds from Cockayne Foundation and £15,000 co-commissioning
funds from Sadler's Wells for the production of new work.
Our core income was covered by the commercialisalion of our studio with trading income of £27,750,
individual donation of £1,360 and by securing touring income of £16,417.
PLANS FOR FUTURE PERIODS
Our purpose for the FY 2025126 is to expand our touring activitie5 in the UK and internationally
through a flexible model tailored to different venues and budgets. Our porttolio currently includes
several solo pieces that can be combined into one programme or performed separately, las for the
EDF Foundation), as well as the popular and ever-interesling Vortex, which it is intended to offer in
conligurations with three or five dancers enabling different transportation cost5 depending on the
construction of the wall which 15 the main heavy set of the performance. Our expected unrestricted
income from touring activity for FY 2025126 is £150,000.
In FY 2025126 the studio's revenue is expected to be increased by 40/0 Wlth total income 01 £39,000
through stronger marketing and special offers for our regular customers. We also intend to strengthen
our c05t coverage through ongoing workshops and classes, with an expected income of £20,000 from
this activity. Additional expected income from our intensive programme for dance professionals is
£4,000.
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
FREE & RESTRICTED RESERVES
A target minimum operating reserve of £30,000 is held to provide financial stability to the company
while making sure that funds are used to achieve the charity's aims wherever possible. The board feels
this is adequate to cover3 months ofwind down expense5. At the reporting date, the charity maintained
free reserves of £138,301, which is considered adequate and meets the requirements of the minimum
operating reserves target noted above.
The restricted funds for the new work 'ln a Landscape. development and production at the end of FY
2023124 was £85,000. This allowed the company lo fund the new work creation with production costs
of £84,620. The final part of the restricted fund will be received in the FY 2025126 and will cover part
of the touring costs.
GOING CONCERN
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. For this reason,
they continue to adopt the going concern basis in preparing the financial statements.
STRUCTURE. GOVERNANCE AND MANAGEMENT
The company is a charity limited by guarantee, incorporated on 22 Decernber 2016, amended by
special resolution adopting new Articles of Association on 9 April 2019, and registered as a charity on
29 April 2019. The Memorandum of Association, which established the objective and powers ol the
charitable company and 15 governed under its Article of Association. In the event of the company being
wound up members are required to contribute an amount not exceeding £1. A full review of the
Memorandum and Articles of Association was undertaken during 2019 by our lawyers, Counterculture
Partnership LLP. This review ensured that the Governing document continues to be fit for purpose.
The company currently has a Board ofTrustees of five members, who meet on average once every three
months. Trustees are responsible for the strategic direction, the policies of the charity and lor reviewing
its financial affairs.
Steven Spier (Chairl
Louise Shand-Brown
Pippa Adamson
Fleur Derbyshire-Fox
Stuart Griffiths OBE
Joseph Henry- resigned 15th October 2025
Hamble Wallace- resigned 27 May 2024
The quorum of Trustees at a general meeting cannot be less than three Trustee5 present in person, or
digital conlerencing, or proxy.
All day-to-day running decisions are made by the Executive Director l Artistic Director. The Executive
Direclorl Artistic Director is responsible for ensuring that the charity delivers the services specified and
that key performance indicators are met. All artistic planning and policy decisions are made by the
Artistic Director. All Trustees give their tirne voluntarily and receive no remuneration or other benefit
from the charity.
Artistic l Executive Director- Dr Russell Maliphant, OBE
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
Risk Management
A risk register has been developed, risks are prioritised, and high rated risk5 are discussed regular
Board of Trustees meeting. Should any high or extreme risk become evident in beb￿een meetings, the
Artistic l Executive DirectDr will inform the Trustees and agree on action to be taken in mitigation,
agreed by the majority of Trustees by email. The Board of Trustees is Satisfied that all major risk5 have
been identified and that system5 and actions are in place to mitigate those risks.
RelatedParties
There are no related parties guiding the work of the company. The above report has been prepared in
accordance with the provisions applicable to companies subject lo the small companies, regime as set
out in Part 15 of the Companie5 Act 2006 and in accordance with the Charitie5 SORP IFRS 1021.
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Trustees Iwho are also the directors of the company for the purposes of company lawl are responsible for
preparing the Trustees. report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the stale of affairs of the company and of ils incoming resources and application of resour￿$, including
Ils income and expenditure, for that period. In preparing these financial statements, the Trustees are required
lo..
select suitsble accounting policies and then apply them consistently",
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting eslimales that are reasonable and prudent., stale whether applicable UK
Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and
explained In the financial statements.,
prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the
company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the company's transactions and disclose with reasonable accuracy al any lime the financial position of the
company and enable them to ensure that the financial stslements comply wth the Companies Act 2006. They
are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other Irregularities.
Approved by order of the members of the board of Trustees on 16 De￿mber 2025 and signed on their behalf
Steven Spier
Ichair of Trustees)
J&uL JF£éA
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent Examinerfs Report to the Trustees of Russell Maliphant Dance Company Ilhe
company.)
I report lo the charity Trustees on my examination of the accounts of the company for the year ended 31 March
2025.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's
Trustees those matters l am required lo stste lo them in an independent examiner's report and for no other
purpose. To the fullest exlenl permitted by law, I do not accept or assume responsibility lo anyone other than
the Company and the Company's Trustees as a body, for my work or for this report.
Responsibilities and Basis of Report
As the Trustees of the company land ils directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l.
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 the company's
accounts carried out under section 145 of the Charities Act 2011 I'lhe 2011 Acfl. In carrying out my examination
I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attenb.on in connection with the
examination giving me cause to believe..
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act.,
or
the accounts do not accord with those records", or
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 fairf view which is not a matter considered as part of
an independent examination., or
the accounts have not been prepared in accordan￿ with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their
accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 10211.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn In this report in order lo enable a proper understsnding of the accounts lo be
reached.
Signed..
Andrew Thomas IACAI
Nyman Libson Paul LLP
Chartered Accountsnts
124 Finchley Road
London
NW3 5JS
Dated.. 16 December 2025
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT}
FOR THE YEAR ENDED 31 MARCH 2025
Restricted
funds
2025
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and legacies
Charitsble activities
Investments
70,000
15,000
70,000
138,245
426
256,715
68,416
1,578
123,245
426
Total income
85,000
123,671
208,671
326,709
Expenditure on:
Charitsble activities
84,620
163,595
248,215
677,220
Total expenditure
84,620
163,595
248,215
677,220
Net movement in funds
380
139,9241
139,5441
1350,5111
Reconclllatlon of funds:
Tot81 funds brought forward
Nel movement in funds
178,225
139,9241
178,225
139,5441
528,736
1350,5111
380
Total funds carrled forward
380
138,301
138,681
178,225
The notes on pages 14 to 26 form part of these financial statements.
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
REGISTERED NUMBER: 10537823
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Fixed assets
Tangible assets
258
258
Current assets
Debtors
Cash al bank and in hand
116,287
68,803
30,961
152,006
185,090
182,967
Creditors.. amounts falling due within one
year
146,4091
15,0001
Net current assets
138,681
177,967
Total net assets
138,681
178,225
Charity funds
Reslricled funds
10
380
Unrestricted funds
10
138,301
178,225
Total funds
138,681
178,225
The company was entitled lo exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo
accounting records and preparation of financial statements.
The financial stslemenls have been prepared in accordance with the provisions applicable to entities subject lo
the small companies regime.
The financial stslemenls were approved and authorised for issue by the Trustees on 16 December 2025
and signed on their behalf by..
Steven Spier
(Chair of Trustees)
The notes on pages 14 to 26 form part of these financial statements.
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard
applicable In the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Russell Maliphant Dan￿ Company meets the delinilion of a public benefit entity under FRS 102.
Assets and liabilities are Initially recognised al historical cost or transaction value unless otherwise
stated in the relevant accounting policy.
1.2 Company status
The company is a company limited by guarantee. The members of the company are the Trustees
named on page 1. In the event of the company being wound up, the liability in respect of the
guarantee is limited to £1 per member of the company.
1.3 Going concern
The Trustees have reviewed the circumstances of the company and consider that adequate
resources wnlinue to be available lo fund the activiles of the company for the forseeable future. For
this reason the Trustees continue lo adopt the going cOn￿M basis in preparing the financial
statements.
1.4 Income
All income is recognised once the company has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are recognised in the SOFA in accordan￿ with the grant agreement.
Donations are recognised on re￿ipl.
Other income is recognised in the period in which it is receivable.
1.5 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation lo transfer economic
benefit lo a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably.
Support costs are those costs incurred directly in support of expenditure on the objects of the
company.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
company's objectives, as well as any associated support costs.
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies Icontinuedl
1.6 Government grants
Government grants relating lo tsngible fixed assets are treated as deferred income and released lo
the statement of financial activities over the expected useful lives of the assets concerned. Other
grants are credited to the statement of financial activities as the related expenditure is incurred.
1.7 Tanglble flxed assets and depreclatlon
Tangible fixed assets are carried al cost, net of depreciation and any provision for impaimient.
Depreciation is provided al rates calculated lo write off the cost of fixed assets, less their estimated
residual value, over their expected useful lives on the following basis..
Computer equipment
250kn straight line
1.8 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the company., this is normally upon notification of the interest paid or payable by the Bank.
1.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
1.10 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
1.11 Llabllltles
Liabilities are recognised when there is an obligation at the Balan￿ Sheet date as a result of a past
event, il is probable that a transfer of economic benefit will be required in selllemenl, and the
amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the
company anticipates il will pay to settle the debt or the amount it has received as advanced
payments for the goods or ServI￿S it must provide.
1.12 Flnanclal Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
inslrumenls. Basic financial instruments are initially recognised at transaction value and
subsequently measured al their settlement value with the exception of bank loans which are
subsequently measured al amortised cost using the effective interest method.
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies Icontinuedl
1.13 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objecb'ves of the company and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Income from donatlons
Restricted Unreslricled
funds
funds
2025
2025
Total
funds
2025
Totsl
funds
2024
Grants
70,000
70,000
256,715
Total 2024
256,715
256,715
Anatysis of grants
2025
2024
Arts Council England - NPO funding
Arts Council England - Other
The London Community Fund
147,924
98,791
10,000
70,000
70,000
256,715
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from charitable activities
Restricted Unreslricled
funds
funds
2025
2025
Total
funds
2025
Totsl
funds
2024
Touring income
Education Income
Commission Fees
Donations
Theatre tax relief
16,417
27,770
16,417
27,770
15,000
1,411
77,647
38,730
3,900
10,000
1,000
14,786
15,000
1,411
77,647
15,000
123,245
138,245
68,416
Tot812024
68,416
68,416
Analysis of expenditure by activities
Activities
undertaken
directly
2025
Support
costs
2025
Total
funds
2025
Total
funds
2024
Direct costs
52,462
195,753
248,215
677,220
Totsl 2024
477,576
199,644
677,220
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expenditure by activities Icontinuedl
Analysls of dlrect costs
Total
funds
2025
Total
funds
2024
Production Costs
Production Touring Costs
Education Programmes
37,519
14,888
55
185,217
276,571
15,788
52,462
477,576
Analysis of support costs
Total
funds
2025
Total
funds
2024
staff costs
81,897
256
Depreciation
General Adminislralive Costs
Legal and professional costs
Consultancy
Motor and Travel costs
Premises costs
Research
Freelan￿ costs
258
15,220
9,907
800
43,282
10,004
6,475
105
14,804
1,979
40,842
48,159
121,409
195,753
199,644
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Staff costs
2025
2024
Wages and salaries
Social security costs
Contribution lo defined contribution pension schemes
76,856
3,998
1,043
81,897
The average number of persons employed by the company during the year was as follows..
2025
No.
2024
No.
Employees
The number of employees whose employee benefits {excluding employer pension costs) exceeded
£60,000 was..
2025
2024
In the band £70,001- £80,000
Employee benefits for key management personnel lolalled £45,51812024.' £98,846).
Trustees. remuneration and expenses
During the year, no Trustees re￿iVed any remuneration or other benefils12024 - £NILI.
During the year ended 31 March 2025, no Trustee expenses have been incurred12024 - £NILI.
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Tangible fixed assets
Computer
equipment
Cost or valuation
At 1 April 2024
1,026
At 31 March 2025
1,026
Depreciation
At 1 April 2024
Charge for the year
768
258
At 31 March 2025
1,026
Net book value
At 31 March 2025
At 31 March 2024
258
Debtors: Amounts due within one year
2025
2024
Trade debtors
Tax recoverable
17,955
92,433
5,899
12,000
14,786
4,175
Other debtors
116,287
30,961
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Creditors: Amounts falling due within one year
2025
2024
Trade creditors
Accruals and deferred income
40,909
5,500
5,000
46,409
5,000
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Statement of funds
ststement offunds - current year
Balan￿ at
31 March
2025
Balan￿ at 1
April 2024
Transfers
inlloull
Income Expenditure
Unrestricted funds
Designated Funds
Designated minimum
operating reserve
Future touring programmes
RMDC productions
RMDC Organisalion
Development
30,000
75,000
25,000
130,0001
175,0001
125,0001
25,000
125,0001
155,000
1155,0001
General funds
General Funds
23,225
123,671
1163,5951
155,000
138,301
Total Unre$trieted funds
178,225
123,671
1163,5951
138,301
Restricted funds
In a Landscape
85,000
184,6201
380
Totsl offunds
178,225
208,671
1248,2151
138,681
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Statement of funds (continued)
Deslgnated Funds
The 'Designated minimum operating reserve, fund relates lo money set aside and agreed by the
Trustees as the equivalent of three months of operating expenses, to provide financial stability to the
company.
The 'Fulure touring programmes, fund relates lo money set aside with the aim to fund future RMDC
tours.
The 'RMDC productions, fund relates to money set aside with the aim to fund future RMDC productions.
The 'RMDC organisation development, fund relates to money set aside by the Trustees to be used in the
future development of the company.
All designated funds were transferred into the general fund at the end of the reporting period as agreed
unanimously by the Trustees.
Restrlcted Funds
The 'ln a Landscape, fund relates to income received and spent on the RMDC original production 'ln a
Landscape,.
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Statement of funds (continued)
ststement of funds - prlor year
Balan￿ at
31 March
2024
Balance at
1 April 2023
Transfers
inlout
Income Expenditure
Unrestricted funds
Designated funds
Designated minimum
operating reserve
RMDC Vortex Tour 2023134
Three Score Dance
Production
60,000
200,000
130,0001
30,000
1200,0001
25,000
200,963
125,0001
1200,9631
EDI Designated Funds
Future touring programmes
RMDC productions
RMDC Organisalion
Development
75,000
25,000
75,000
25,000
25,000
25,000
485,963
1425,9631
95,000
155,000
General funds
General Funds
42,773
326,709
1251,2571
195,0001
23,225
Total Unrestricted funds
528,736
326,709
1677,2201
178,225
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11.
Analysis of net assets between funds
Analysls of net assets between funds - current year
Restricted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Current assets
Creditors due within one year
380
184,710
(46,4091
185,090
146,4091
Total
380
138,301
138,681
Anatysls of net assets between funds - prlor year
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
258
182,967
15,0001
258
182,967
15,0001
Total
178,225
178,225
12.
Pension commitments
The entity operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the group in an independently administered fund. The pension cost charge
represents contributions payable by the group lo the fund and amounted to £Nil 12024.. £1,043). £Nil
12024.. £Nill was payable to the fund al the balance sheet dale and included in creditors.
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RUSSELL MALIPHANT DANCE COMPANY
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13. Related party transactions
During the year, a total of £54,517 12024.. £Nill was paid lo R Maliphant, Artistic & Executive Director,
consisting of £3,000 of production fees, £45,518 of freelance costs and £6,000 of touring fees.
At the balance sheet date, £5,451 12024.. £Nill was due to R Maliphant, and the balan￿ was included
within short term creditors.
During the year, a total of £26,464 12024.. £13,182) was paid lo D Maliphant, a relative of the Artistic &
Executive Director, R Maliphanl, consisting of £9,366 of production fees and £14,298 of freelance costs.
There were no amounts outstanding to or from D Maliphant as al the balan￿ sheet date.
During the year, the company paid £189 12024.. £Nill of expenses lo Artstrust Productions Limited, a
charitable company that shared a common trustee with Russell Maliphant Dance Company. There were
no amounts outstanding to or from this charitable company as at the balance sheet date.
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