Registered number: 06131209 Charity number: 1189800
BOY BLUE
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
BOY BLUE
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 7 |
| Independent examiner's report | 8 - 9 |
| Statement of financial activities | 10 |
| Balance sheet | 11 |
| Notes to the financial statements | 12 - 25 |
(A company limited by guarantee)
BOY BLUE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024
| Trustees | Andrea Lidder |
|---|---|
| Nicola Cornwell (resigned 25 May 2023) | |
| Nicholas Triantafyllou (resigned 5 July 2023) | |
| Sarah Wall | |
| Kieran Jay | |
| Gurpreet Singh Lidder, Chair | |
| Anthony Gray | |
| Jon-Rhys Peter Foster (appointed 19 September 2024) | |
| Anja Zoll-Khan (appointed 19 September 2024) | |
| Nadine Deschamps (appointed 26 March 2024) | |
| Company registered number 06131209 Charity registered number 1189800 Registered office Barbican Centre Stage Door Silk Street London EC2Y 8DS Company secretary M Asante |
Page 1
BOY BLUE
(A company limited by guarantee)
TRUSTEES' REPORT
........................
The Trustees present their annual report together with the financial statements of the Charity for the 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The objects for which the Company is established are:
To advance education for the public benefit by the promotion of the arts in particular, but not exclusively, the art of dance
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Strategies for achieving objectives
Boy Blue was founded by Co-Artistic Directors Michael ‘Mikey J’ Asante MBE and Kenrick ‘H2O’ Sandy MBE to develop and elevate the hip hop dance theatre artform and its workforce, and to nurture and develop the creative practice and talents of young people and non-professionals. We are working towards a thriving inclusive hip-hop dance theatre scene, empowering UK-based hip hop artists to make, create, perform and teach on a global level.
Boy Blue affirms that reflecting the diversity of contemporary England and a strong belief in equality of opportunity is at the heart of everything that we do. We have long understood that diversity enables opportunity for artistic innovation, for collaboration, for risk-taking and finding new forms of expression. The artform embraces creative potential regardless of people’s backgrounds if the right support and equity of opportunities are in place.
Page 2
(A company limited by guarantee)
BOY BLUE
TRUSTEES' REPORT (CONTINUED)
........................
Objectives and activities (continued)
c. Activities undertaken to achieve objectives
As Artistic Associates of the Barbican, London and a member of Art Council, England’s National Portfolio, we run a thriving Creative Learning, Participation and Performance programme.
Our Creative Learning programme consists of a renowned dance academy for students from the ages of 5 years up, and workshops delivered nationally and internationally for all ages and skill levels. We work in all formal education settings from primary schools to Higher Education and are part of the English GCSE Dance syllabus. Artist Development is an important strand of the programme, and we seek out and create development and performance opportunities for our cohort of ‘Boy Blue Young Artists’.
Our performance programme is driven by the main stage full-length works we create that tour nationally and internationally employing world-class dance artists, creatives and technicians. Complementing these works are projects with, and commissions for, partners from venues and festivals.
Achievements and performance
a. Main achievements of the Charity
Performance
This year was dominated by the creation and presentation of Free Your Mind - The Matrix…Now . Commissioned by Factory International to launch their spectacular new building, Aviva Studios in Manchester, it was extraordinary after 4 years to finally see the work realised. Based on the updating the concept of the Wachowskis’ Matrix franchise to reflect recent developments in our technological world, Free Your Mind featured 50 dancers, over 80 volunteers and a stellar creative and technical team. The production opened in October, was performed 24 times, and then closed in a sell-out final week. Over 26,000 people saw it live and critically it was an absolute triumph.
Manchester Evening News ****
"nothing short of mind-blowing... never less than spectacular... truly extraordinary, and unlike anything I've ever seen on stage before in the UK"
Observer ****
"genuinely popular and artistically sophisticated... a triumphant beginning for a new artistic endeavour."
The Times , ****
“bold and articulate, fiercely aggressive in the fight scenes, punchy and visceral”
The Telegraph ****
"epic, intimate, flagrantly dramatic"
The Guardian , ****
"the coolest party of the year... it’s a showcase for the venue, comprising two parts, a stylish auditorium and the 21-metre-high hangar-like Warehouse space, thus like the show itself split into something conventionally theatrical and something far more novel and arresting… a fresh blast of spectacle as well as an urgent entreaty to wake up.”
i News , ****
"an eye-popping, innovatively staged reimagining of a cinematic classic"
Page 3
(A company limited by guarantee)
BOY BLUE
TRUSTEES' REPORT (CONTINUED)
........................
Achievements and performance (continued)
Northern Soul ****
“this is a show to surrender yourself to, soaking in the sights, the sounds, the ideas and the sheer ambition.”
There was a wonderful full-circle moment when we discovered that one of the cast had been to see Blak Whyte Gray in Edinburgh in 2017 as a 14-year-old and, after watching it, decided that was what she wanted to do too. This was her first theatre production.
The BBC Imagine documentary team were there to film the opening process of both the show and the building and that episode was screened at the beginning of December 2023. ‘In the Studio’, a BBC World Service radio programme, created an episode on the process and the production itself was filmed by the BBC, screened on BBC2 on New Year’s Eve, and is subsequently available to watch on iPlayer enabling more people to be able to experience it.
Other work
Breakin’ Convention
April 2023 saw Boy Blue perform at the 20th festival of Breakin’ Convention. Working with a company of 14-25 year olds, our 20 minute set featured a mixture of new material - some choreographed by the dancers themselves - and older well-known pieces of repertory. Focussing on ‘Looking Back, Moving Forward’, this was a deliberate choice to celebrate Boy Blue’s involvement with the festival over two decades and open up the stage to our young artists.
From the Telegraph
“Boy Blue, who performed at the first ever Breakin’ Convention, are the undoubted stars of its 20th-anniversary show. Their sheer stagecraft, and the balance of individual emotional expression with mighty ensemble sequences, is simply unparalleled. They make the strongest case for the festival’s argument that hip hop can – and should – be the basis for extraordinary dance theatre.“
From Reviews Hub
“ Taking a classic hip hop approach to the choreography, there are layers and waves that shape this electrifying performance giving it a depth, meaning and impact that is utterly gripping. You forget to breath when Boy Blue perform, a five-star effort just on its own.”
From the Observer
“Near the end came Boy Blue, the UK’s own superstars, their 40 dancers filling the stage with a thrillingly tight routine, a display of synchronised brilliance, playing on their home crowd advantage to raise the roof. This level of technique is ferociously hard, but they make it look effortless. Pure joy.”
Dance Umbrella and Dancer’s Delight
In October we performed as part of the London Battle curated by Jade Hackett at Somerset House for Dance Umbrella and as part of Dancer’s Delight. These performances were part of our commitment to ensure that we were still active and giving performance opportunities to the Boy Blue Company in London while the rest of the company were in Manchester for Free Your Mind.
Cycles
Rehearsals for Cycles , Boy Blue’s new commission for the Barbican stage in London began at the end of February ‘24. Co-commissioned by Lincoln Center of Performing Arts, New York, this is Boy Blue’s first selfproduced show of this nature since 2019’s REDD. Cycles is designed to tour and will be our next international and national touring production following Blak Whyte Gray (performances from 2017 – 2022).
Joining Kenrick Sandy, Choreographer, and Michael Asante, Composer, will be Jade Hackett, Associate Choreographer, Lee Curran, Lighting Designer, and Matthew Josephs, Costume Designer. Opening night will be 01 May 2024.
Page 4
(A company limited by guarantee)
BOY BLUE
TRUSTEES' REPORT (CONTINUED)
........................
Achievements and performance (continued)
Lyndsey Winship, journalist, wrote a feature on Boy Blue for the Guardian Magazine which was published on 30 March. Titled ‘You have to add the flavour, the butter, the jam’: Boy Blue on bringing hip hop energy to the dance world’ the article covered Cycles , the broader history of Boy Blue, the importance of the company in the UK performing arts landscape, Sandy and Asante’s ambitions going forward and their wider careers.
Creative Learning and Participation
The Boy Blue Creative Learning department was rebranded as ‘Creative Programmes’ at the start of the 2023 financial year with the appointment of Bruno Perrier as Creative Programmes Manager and Kathleen Murphy’s promotion to Head of Creative Programmes.
Our work continues to develop across a broad range of engagement opportunities. Throughout England we delivered 17 GCSE workshops to 368 participants led by 5 dance artists and delivered 121 general workshop sessions to 481 known participants and a further 1323 estimated participants. These were led by 13 dance artists and delivered to 12 partner organisations including 4 schools, 2 arts organisations, 4 HE/FE institutions and 1 youth centre. We also delivered 2 Emancipation of Expressionism CPD workshops to teachers in Manchester and London, a new development and offering in our programme.
Boy Blue’s Sunday Training Academy, led by our teaching faculty of 23 dance artists, delivered 420 sessions over the year to 1601 participants.
Performance-wise, for our young artists, and for those adults who participate in the Boy Blue training company, we developed 10 performance opportunities with partners including the University of East London, National Theatre, Hackney Empire, Breakout London, Dancer’s Delight and Dance Woking and in December ’23, we celebrated the 50-year anniversary of hip hop with a dedicated showcase performance and battle event held at Stratford Circus, East London. 78 people signed up to battle and the showcase featured 149 performers who performed to a sold-out house.
As part of the learning and participation offer for Free Your Mind, we worked with Factory International to deliver taster workshops throughout Greater Manchester to recruit the community cast for the show and worked with over 300 children in 5 primary schools. This range showcases the breadth of experience and skills that our Teaching Faculty hold.
Our long-standing partnerships continued with delivery on the Trinity Laban Summer School and work with LIPA (Liverpool Institute of Performing Arts). We additionally delivered a module at London Contemporary Dance School. Our partnership with Barking Abbey Dance Academy developed and we delivered an academic year’s worth of workshops to students in their sixth form.
As part of our dedication to creating opportunities for young people to consider careers in the arts, we welcomed 5 work placements during the year including 1 Professional Mentorship, 1 school placement and 3 Higher/Further Education placements.
On Creative Learning;
“There’s an almost moral underpinning to Sandy’s mission, a sense of duty to the community: “If we had the keys to certain doors that we could open, why not have them wide open?” he says.
“It’s super-rewarding watching other people flourish and grow,” says Sandy. “It’s beautiful.”
From the feature ‘You have to add the flavour, the butter, the jam’: Boy Blue on bringing hip hop energy to the dance world ’ The Guardian
Page 5
(A company limited by guarantee)
BOY BLUE
TRUSTEES' REPORT (CONTINUED)
........................
Achievements and performance (continued)
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity 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. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
2023/2024 was the first year of the 2023 - 2026 National Portfolio funding from Arts Council, England at the new, increased investment level of £403,680. This was also the year that we were informed that the life of the grant programme was to be extended until end March 2027 (successful application dependent).
b. Reserves policy
It is the policy of the Trustees of Boy Blue to designate a financial reserve of 3 months operating costs at £75,000 (£75,000, 2023) for use in case of significant organisational change or closure.
The Charity currently holds £183,694 including £2,456 worth of assets (£81,367 including £357 assets 2023) in general reserves to be used towards furthering the Charity’s aims.
The position of general reserves is reviewed at each quarterly Finance Sub-Committee meeting and the reserves policy is reviewed annually at the beginning of each financial year.
At the year end the Charity held a total of £258,694 in reserves.
Structure, governance and management
a. Constitution
Boy Blue is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
Page 6
BOY BLUE
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED)
........................
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) 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 state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity 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 and signed on their behalf by:
Gurpreet Singh Lidder (Chair of Trustees) Date: 03-12-24
Page 7
BOY BLUE
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024
Independent examiner's report to the Trustees of Boy Blue ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024.
Responsibilities and basis of report
As the Trustees of the Charity (and 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 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 accounts 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 Charity'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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Charity 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 fair' view which is not a matter considered as part of an independent examination; or
-
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 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.
Page 8
(A company limited by guarantee)
BOY BLUE
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
This report is made solely to the Charity'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 Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Julian Flitter
Dated: 03-12-24 FCA
Goodman Jones LLP 29/30 Fitzroy Square London W1T6LQ
Page 9
(A company limited by guarantee)
BOY BLUE
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024
| Note Income from: Donations and legacies 3 Charitable activities 4 Other income 5 Total income Expenditure on: Raising funds 6 Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 405,251 271,198 457 676,906 247 576,675 576,922 99,984 158,710 99,984 258,694 |
Total funds 2024 £ 405,251 271,198 457 676,906 247 576,675 576,922 99,984 158,710 99,984 258,694 |
Total funds 2023 £ 204,012 296,028 325 500,365 |
|---|---|---|---|
| 204 491,076 491,280 |
|||
| 9,085 | |||
| 149,625 9,085 158,710 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 12 to 25 form part of these financial statements.
Page 10
BOY BLUE (A company limited by guarantee) REGISTERED NUMBER: 06131209
BALANCE SHEET AS AT 31 MARCH 2024
| Note 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 Total assets less current liabilities Total net assets Charity funds Unrestricted funds 14 Total funds |
45,731 273,059 318,790 (62,552) |
2024 £ 2,456 256,238 258,694 258,694 258,694 258,694 |
61,872 119,386 181,258 (22,905) |
2023 £ 357 158,353 |
|---|---|---|---|---|
| 158,710 | ||||
| 158,710 | ||||
| 158,710 | ||||
| 158,710 |
The Charity was entitled to 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 to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Gurpreet Singh Lidder (Chair of Trustees) Date: 03-12-24
The notes on pages 12 to 25 form part of these financial statements.
Page 11
BOY BLUE (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. General information
Boy Blue is a charitable company, limited by guarantee, registered in England and Wales, and whose registered office address is Barbican Centre Stage Door, Silk Street, London, EC2Y 8DS.
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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Boy Blue meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity 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 included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to 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. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 12
BOY BLUE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
2. Accounting policies (continued)
2.4 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Plant and machinery
20% straight line
2.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 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.
2.7 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.8 Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the Statement of financial activities
Page 13
BOY BLUE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
2. Accounting policies (continued)
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.10 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Page 14
(A company limited by guarantee)
BOY BLUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
3. Income from donations and legacies
| Unrestricted funds 2024 £ Grants Arts Council National Portfolio 403,680 Subtotal detailed disclosure 403,680 Donations 1,571 Subtotal 1,571 405,251 Total 2023 204,012 Income from charitable activities Unrestricted funds 2024 £ Productions 208,277 Education and other income 62,921 271,198 Total 2023 296,028 |
Total funds 2024 £ 403,680 403,680 1,571 1,571 405,251 204,012 Total funds 2024 £ 208,277 62,921 271,198 296,028 |
Total funds 2023 £ 203,680 203,680 |
|---|---|---|
| 332 332 204,012 |
||
| Total funds 2023 £ 205,966 90,062 296,028 |
||
4. Income from charitable activities
Page 15
(A company limited by guarantee)
BOY BLUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
5. Other incoming resources
| Interest receivable Total 2023 |
Unrestricted funds 2024 £ 457 325 |
Total funds 2024 £ 457 325 |
Total funds 2023 £ 325 |
|---|---|---|---|
Page 16
(A company limited by guarantee)
BOY BLUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
6. Expenditure on raising funds
Fundraising trading expenses
| Unrestricted funds 2024 £ Fundraising costs 247 Total 2023 204 |
Total funds 2024 £ 247 204 |
Total funds 2023 £ 204 |
|---|---|---|
7. Analysis of expenditure on charitable activities Summary by fund type
| Unrestricted funds 2024 £ Productions 445,105 Education 131,570 576,675 Total 2023 491,076 |
Total 2024 £ 445,105 131,570 576,675 491,076 |
Total 2023 £ 387,241 103,835 491,076 |
|---|---|---|
Page 17
(A company limited by guarantee)
BOY BLUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
8. Analysis of expenditure by activities
| Productions Education Total 2023 Analysis of direct costs Artistic fees Production team Production/technical costs Touring expenses Education fees Total 2023 |
Activities undertaken directly 2024 £ 259,536 66,834 326,370 323,386 Productions 2024 £ 231,849 4,049 22,644 994 - 259,536 273,450 |
Support costs 2024 £ 185,569 64,736 250,305 167,690 Education 2024 £ - - - - 66,834 66,834 49,936 |
Total funds 2024 £ 445,105 131,570 576,675 491,076 Total funds 2024 £ 231,849 4,049 22,644 994 66,834 326,370 323,386 |
Total funds 2023 £ 387,241 103,835 491,076 |
|---|---|---|---|---|
| Total funds 2023 £ 216,803 13,801 38,953 3,893 49,936 323,386 |
||||
Page 18
BOY BLUE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
8. Analysis of expenditure by activities (continued)
Analysis of support costs
| Staff costs Legal and professional fees Bookkeeping Marketing and promotion Office costs Staff training Storage costs Travel and entertaining Bank charges Profit or loss on foreign exchange Depreciation Recruitment costs Total 2023 |
Productions 2024 £ 115,456 7,454 1,372 9,586 39,633 1,080 1,980 7,648 413 22 575 350 185,569 113,791 |
Education 2024 £ 58,461 828 153 1,065 3,889 120 220 - - - - - 64,736 53,899 |
Total funds 2024 £ 173,917 8,282 1,525 10,651 43,522 1,200 2,200 7,648 413 22 575 350 250,305 167,690 |
Total funds 2023 £ 128,777 4,152 1,750 1,031 26,712 45 2,600 755 425 668 316 459 167,690 |
|---|---|---|---|---|
9. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2024 £ 150,778 18,363 4,776 173,917 |
2023 £ 110,578 13,880 4,319 |
|---|---|---|
| 128,777 |
The average number of persons employed by the Charity during the year was as follows:
| 2024 | 2023 | |
|---|---|---|
| No. | No. | |
| Employees | 8 | 5 |
Page 19
BOY BLUE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
9. Staff costs (continued)
No employee received remuneration amounting to more than £60,000 in either year.
10. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL) .
Page 20
(A company limited by guarantee)
BOY BLUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| 11. Tangible fixed assets Cost or valuation At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 12. Debtors Due within one year Trade debtors VAT Prepayments and accrued income |
2024 £ 1,180 288 44,263 45,731 |
Plant and machinery £ 1,577 2,674 |
|---|---|---|
| 4,251 | ||
| 1,220 575 |
||
| 1,795 | ||
| 2,456 | ||
| 357 | ||
| 2023 £ 7,300 715 53,857 61,872 |
Page 21
(A company limited by guarantee)
BOY BLUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
13. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Accruals and deferred income |
2024 £ 43,470 14,282 4,800 62,552 |
2023 £ 4,484 13,856 4,565 |
|---|---|---|
| 22,905 |
Page 22
(A company limited by guarantee)
BOY BLUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
14. Statement of funds
Statement of funds - current year
| Unrestricted funds Designated funds 3 months operating costs Dance touring partnership General funds Undesignated reserves including assets Total Unrestricted funds |
Balance at 1 April 2023 £ 75,000 2,343 77,343 81,367 158,710 |
Income £ - - - 676,906 676,906 |
Expenditure £ - (2,343) (2,343) (574,579) (576,922) |
Balance at 31 March 2024 £ 75,000 - 75,000 |
|---|---|---|---|---|
| 183,694 | ||||
| 258,694 |
Page 23
(A company limited by guarantee)
BOY BLUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
14. Statement of funds (continued)
Statement of funds - prior year
| Balance at 1 April 2022 £ Unrestricted funds Designated funds 3 months operating costs 75,000 Dance touring partnership 2,343 77,343 Balance at 1 April 2022 £ General funds Undesignated reserves including assets 72,282 Total Unrestricted funds 149,625 15. Analysis of net assets between funds Analysis of net assets between funds - current period Tangible fixed assets Current assets Creditors due within one year Total |
Income £ Expenditure £ - - - - - - Income £ Expenditure £ 500,365 (491,280) 500,365 (491,280) Unrestricted funds 2024 £ 2,456 318,790 (62,552) 258,694 |
Balance at 31 March 2023 £ 75,000 2,343 77,343 Balance at 31 March 2023 £ 81,367 158,710 Total funds 2024 £ 2,456 318,790 (62,552) 258,694 |
|---|---|---|
Page 24
BOY BLUE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
15. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2023 £ 357 181,258 (22,905) 158,710 |
Total funds 2023 £ 357 181,258 (22,905) 158,710 |
|---|---|---|
16. Members' liability
The charitable company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
Page 25