2023-12-31-accounts - The Russian Ballet Society

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THE RUSSIAN BALLET SOCIETY TRUSTEES, ANNUAL REPORT AND STATEMEIYT OF ACCOUNTS FOR THE YEAR ENDED 3131 D¢cemb¢r 2023 English Registered Charity: 1189032

THE RUSSIAN BALLET SOCIETY TRUSTEES, ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR EIWED 31 DECEMBER 2023 INDEX Page I Page 2 Page 3 Page 4 Page 5 Page 6 Contsct and administrntion Activity Review 2023 Independent Examiner Report Statement of Financial A¢tivities Balance Sheel Notes to the Accounts

THE RUSSIAN BALLET SOCIETY TRUSTEES, ANNUAL REPORT AND STATEME OF ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 The RUSSI Ballet S¢xiety was f0uTrd in 1923 and established pursuontto the Friendly Soci¢tiesAct 1974. Itt 1992 it E¢c8me a Scottish registered charity, number SC020680. In 2012 it bewn¢ validated by the UK Council for Dance EduClon and Training and qualtficotions are now accredited by OFQUAL in patthership with ILS.L. In 2020 it an English registtred charity. number 1189032 and is no longer a Scottish (hrtty. Truitee eomnhlttee members tkborah Ad8mou- tte5ident Fiona Dew-MelviTh- Wi¢e PsIdent Jamila AladwaDi Tamarn Moubayed Nina Gh05h Adrian Gtbbs Enza Bracciale Helen Yng Wong Robert Hampton- Artis¢i¢ Director Collt¢tAddre85: Robert Hamptotk 26 Triq il.GIMeL STAM&r8h¢rit4 Mo4 Msf2523. Malts RetrnltmtDt 8nd •ppointm¢Dt of Trusts All th¢ So¢iety's trustees and officers are appoint&J or rtsar4X)ithted by them¢mbets at th¢ SIety's Annyal Genern] Meding held im Allgu ye. GrJverniDg document The sl¢ty is an w)incorporated kknitabl¢ so¢i¢ty with its obi¢¢ts being 3¢t out in its RuI¢s and Con41trA. Charitsble pvrpo The &Kiety has the following obj¢ctS'. To prot¢the fJn¢ art of ballet by: Preserving 8j upholding th¢ thi¢ traditi¢)ns of Rwian Blet in 4¢¢ordan¢¢ with the PTinciples of the Russian classic School and sty14 &% taugbt by tll&5ters Novett¢ Vestri& Boumovill4 JOhan3X Petip4 and Lew. 2. Enwur48ing the teaching and ofthe a¢ its appreciation and than¢¢ment g¢netally, in wnforn)ing Providing examinations and awarding eertificates &q 8 resuli thereof. for membershtp qualification of the Society. which vrtificate shall b¢ 8c¢epled by th¢ profession #nd the public aq valid guarantee 0ftechni mastery. 4. Providin8periodicwl l¢¢tsw¢4 8nd demonslrationi forih¢ betkefitofAs80¢i¢e$ Memb¢

THE RUSSIAN BALLET SOCIETY TRUSTEES, ANNUAL REPORT AND STATEMENT OFACCOUNTS A¢¢ivity R¢vi¢w 2023 We have sttn lo&ses 5 years in a row. Th¢ Russian Ballet s(Kiety is still r0Vering from the effects of the Covid pandemic, with many of ourschoo]s in Europe and Asia having had a 0W recovery. However, we are ¢losingthe gap. and w¢ have high hopes that 2024 will be the yeaT wh¢n th¢ RBS will once a8ain thow a profiL Sts¢ement of Trnstes' RtspoDslbllitles The Trustees are responsible for maiTrtainill8 proper 4¢¢ourttirtg records whith dixlose at 4tty time the finan¢il position of the charity. and whi¢h are suffieicnt lo indicate and explain the eharity's transactions, ensuring ihat the financial statement ¢omply with ststutory regl&tIonS. The TrUsS are a]50 Tesponsible for s&feguarding th¢ &ssets of the ¢harity ond therefore for thkin8 rMst)nabl¢ steps to detret fraud ond other irregularitie& Truste¢s' experts Trustees do not rrfeiv¢ remuneration during th¢ year. imrt any specific expendittre inawred on b¢half of the so¢i¢ty is r¢irnburs•J on wesentation of receipts. Vlh¢re a tnwee upon oce&8ion raists * fee and expenses for condu¢ttng professional ¢xaminations orteachirtg on Ixhalf of th¢ S(¢i¢ty this is accourtted for the annual rets]nL Risks to wbicb the Charity is expoJ¢d Th¢ Trn$t¢¢s ¢onsider that there are Ro marial risks to which it is exposed. Re8eTve5 gnd Funds This is the third year in a row that has resul& in a loss. tn 2022 we a1055 of £6.668 and in 2023 we had g loss of£5.931. We are hopin8 to breakeven in 2024 more exams can be held COrnpar1 to 2020 whil¢ continuing to offer dancers th¢ benefitof our exirtÈR As a resultof the financial impactofCOVtD-19. wewill haveto be moreconservative with our funds. Signed on behalf ofthe Trustees

THE RUSSIAN BALLET SOCIETY Independellt Examiner Report FOR THE YEAR ENDED 31 DECEMBER 2023

FOR THE YEAR ENDED 31 DECEMBER 2023 14141 31174 1752 ,45

FOR THE YEAR ENDED 31 DECEMBER 2023 37 f3/6*/202Y

THE RUSSIAN BALLET SOCIETY Notes to the Account FOR THE YEAR ENDED 31 DECEMBER 2023 Not• 1 Basis on whh the accounts have been prepared. The Society's accounts have been prepared on a futy accrued basis. Not8 2 Taxatlon As a re918tered cherity, the Socloty 15 exempt from Income tsx and corporatK>n tax to the •xtent that its coMe and 9ains afe applied for charbtsble purposed onty. Not• 3 Salary TheArtistic Direetor is a paid position and is appointed ty the Trustees. TheArtisti¢ Director provides specialist services, consultancy. and administration work for the charity.

THE RUSSIAN BALLET SOCIETY TRUSTEES, ANNUAL REPORT AND STATEMEIYT OF ACCOUNTS FOR THE YEAR ENDED 3131 D¢cemb¢r 2023 English Registered Charity: 1189032

THE RUSSIAN BALLET SOCIETY Independellt Examiner Report FOR THE YEAR ENDED 31 DECEMBER 2023

FOR THE YEAR ENDED 31 DECEMBER 2023 14141 31174 1752 ,45

FOR THE YEAR ENDED 31 DECEMBER 2023 37 f3/6*/202Y

THE RUSSIAN BALLET SOCIETY

INDEPENDENT EXAMINER’S REPORT

Independent examiner’s report to the trustees of The Russian Ballet Society – Charity Number 1189032

I report on the financial statements of the charity for the year ended 31 December 2023, which comprise the statement of Financial Activities, the Balance Sheet and the related notes 1-3.

Respective responsibilities of Trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (‘the Act’). The Charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed. Where the charity’s gross income exceeded £250,000 I am qualified to undertake the examination by being a qualified Fellow of the Chartered Association of Certified Accountants.

It is my responsibility to examine the accounts under section 145 of the Charities Act, follow the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act, and state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

(1) In connection with my examination, no material matters have come to my attention which give me cause to believe that, in any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Report) Regulation 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of independent examination.

(2) 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 to enable a proper understanding of the accounts to be reached.

Chaweevan Williams FCCA Chartered Certified Accountants Verdant Accountants Limited 20-22 Wenlock Road, London N1 7GU

Date: 28August 2024