Registered number CE023772 Adagio College of Performing Arts Report and Accounts 31 July 2025 Charity numb8r'. 1191115 Adagio College of Performing Arts Registered number: CE023772 Dlrectors. Report The directors present their report and accounts for the year ended 31 July 2025. Principal activities The compan¥s principal activity during the year was running of a Dance College. Trustegs The following persons served ag trusleeg during the year.. Mr R Davinson Mr P Crick Mrs T Slanyon Small company provisions This report has been prepared in accordance with the wovisions in Part 15 of thé Companies Act 2006 applicable to companios subject to the small companies regime, This report was approved by the board on 28 April 2026 and signed on rf(s behalf. Mr R Damnson Director Adagio College of Performing Arts Statement of Financlal Actlvltles for the year ended 31 July 2025 2025 2024 Total Incoming resources 607,443 380,496 Total resources expendèd 1519,865) 1312.7671 Net movement in funds before other recognlsed galns and losse8 87,578 67.729 Net movernent In funds for the year 87,578 67,729 Adagio College of Performing Arts Reglstered number: statement of Flnancial Position as at 31 July 2025 CE023772 Notes 2025 2024 Current assets Stocks Debtors Cash al bank and in hand 5,278 266,392 6,023 277,691 5,276 198,175 3,474 206,925 Credltors.. amounts falllng due within one year 188,8021 {10S,614) Net current assets 188,889 101,311 Net assets 188,889 101,311 Representing.. The FL¢nds of the Charity Unrestricled in¢ome funds 188,889 101,311 Shareholders, funds 188,889 101,311 The directors are salisfled that the company is entitled lo exemption from the requirement lo obtain an audit under section 477 of the Companies Act 2008. The members hav8 not required the company lo obtain an audit in accordance wllh section 476 01 the Act. The directors acknowledge their responsibilities for complying with the requirement8 of the Companies Act 2006 wilh respect lo accounting records and the preparation of accounts. The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject lo the small companies regime. Mr R Dawn80n Director Approvecl by the bDard on 28 April 2026 Adagio Collègè of P•rformlng Arts Not0$ to tho A¢¢ounls lortho year ended 31 July 2025 2 Employe95 2025 Number 2024 Number AVer￿e Nmberof pers￿$ emfA(yed by the company 3 D•irtOT8 2025 2024 Trade dèbtors Olher debtofs 36,028 230.384 286,392 9.378 188.797 198,175 4 C¥8dltO¥8: amounts falllng due wlthln one year 2026 2024 Tradtr creditors 01￿1 Cr￿￿or8 34.750 54,052 88.802 44,000 81.614 105.814 6 Other Inlomi&tlon Adaglo College of PerfOmi￿g Art$ Is a private Gompany Ilmlled by shares and Incorporated in Eng13nd. Ils reglslered office 45.. eel Ray181oh Road Hullon Brentwood Essex CM13 1SS Adaglo Collège of P?rfomiing Arts Nots8 to th• A¢¢ounts for the ygar anded 31 July 2026 1 Accountlng poll¢lfrs Turnover Tumover is measured 81 the f3Ir value of the GonsklpialiDll or reca5Va￿e, nel of disGuunl& and value adde¢ t8¥e5. Tumover Includes revenue earned from Ihe salc ol goods and from Ihè rendering o15eTviGes. Turnover from ihe sale of goods 15 iecounlsed when the Èfjgnir￿ant rlsks Ènd rèwards ol ownershlp ol the goods have transferred lo the buyer. Turnover from the Tendering of sptvw is recognlsert by r8f8r•ncé lo Ihe Flaoe ol compleiim of Ihp conlracl. The s(aue of complelion of a ¢onlra¢l is rneasured by comp£ring ihe costs In¢urod forwork perform811 lod818 la th8 totsl eslimaied coniraclcosts. Tanulble fixeLI assets Tangible fixed 9$5ets gie measured 81 CDSI IPSB accumulalnie (fepreclallon and any accumulat Impairmeiil losses Depiec1811on Is prothded on all t8rkgibb fixed a8Eels, other Ihan fr8ehDld ￿nd. I rates calculated to write off IhB cost, less eslimaied re￿￿al valu8, of each assel evenly over its expected usèful I￿6, as folk)w5". Freeho￿ LeasehDkJ tand and bu1￿1￿￿& Plant and machlnery Flxtuies, filunus, tools and equipment over50 years over the lease term over 5 years over 5 year5 Inv•stmÈnts Inve51menls in sub5(thade8, assocktsts Énd joinl wiur88 are meaSu￿d ai cost IÈSE Sny a¢Gumulatad Impairmeftl losÉes. tis￿d inveslmenls are measured al fair value. Llnl'sled inveslments are measured ai fair value Ihg valiie cannot be mèasuted reli¥bty. In whlc ase Ihey are measured at COSI less any aecumulaled Impalrment bsse6. Chgnge51fj fair vafve a￿ IrKluded kn tha prDfiiand loss acco￿￿t. Slo¢As siocks are measured 81 the lower ol ¢osl and e8tlmated selling price less costs lo complete and sell. Cost is delerffllned using the first In first out m81hr￿. The c81rying amount of slock sold Is re￿￿ed 85 gn eypense the p8rlod In whlch the rÈlaiÈd revenue is recogN￿ed. Deblors Short tsmi dtbtots are rTre8sured al Iransaclk)n price Iwhlch15 usually the involce prlcel, ￿s$ any impairfflenl losses for bad 2nd doubtful debls. LoBns and othe¥ financlal assets are Inillally recognised al tr8nsacllon prFc* inGludiTrD any IransactioTr costs and subs8quÈnlly measured 81 amorh5pd cost detemilnsd uslw Ihe èffeclive inlere51 method. bss any ImpaimiÈni losses lor bad and doyblful debts. Crodllors Short tèrm ¢*edilois are ffleawied al tr*saclion (which Is usu311y the Involce prfc81. Loarts and other financi31 liabilities aro 5Th￿allY recognlsed al tran5aGtlon pr￿? nel of any transaction to&ls and s￿bSequ￿nIlY measured 8t amortisÉd cost delermlned uslng th8 tf18clive int￿e51 mÈihDd. Leasedass&l$ A kase Is classlfiÈd as a finance lease If it Ir￿SlerS $ub&lantialty 911 the rlsks snd rewards ¢ld&nlal lo ownprship. All other leases gre dasslfled as operality le8ses. The fKihts ol Sftd obllgauons under le85es are inlllalty re¢ognSsed as assets and li&bililles al arnounls equal io the fair value of the teased assets or. If lower. the present v8lue of Ihg minlmum lèase payments. Minitnvrn Ee85e payments are apportlonad ￿￿è8n Ihe nn8nce ¢haig6 and the ieduciion in Ihe outstalldiro Iiablllly vslng the effectwe inleresl r8le metho6. The financt charge ts allocated lo eaGh period during the fea86 so as 10 produce a constant ￿lIodI¢ rale of interest on th? remaining balance of the Ilab115ty. L&8s*d assets are depreciated In accordance wNh th cotnpany's policy for tangiblp fixed as8els. If thare is Easona￿e G8rtainty ilial ownershlp wlll bt obtained 81 Ihe of Ih8188$8 tvrtn, Ihe assel 15 depreciated over the lower of the lease lertri and 115 useful life. Qperallng base payments are iecogDised as an expertse on a $lrar9ht line basis over tho base term. Adagio College of Performing Arts Detailed profit and loss account for the year ended 31 July 2025 ThNs sch8dule does nol form part of tho statutory accounts 2025 2024 Incomlng resourcgs Charilable activities Donations and legacies Sales of pr￿1￿cl income Servic8S 109,532 2,988 7,549 487.374 607.443 47,647 4,000 728 328,121 380,496 Resou￿￿ expended Employee costs.. Payfoll.. Teachers Travel and subsistence 240,897 3,681 264.919 119.649 508 120,157 Premises cosl8'. Rent Rates Light and he81 Cleaning 72,500 3,425 14,000 13,800 103,725 84,350 617 16,000 1,500 102,467 General administrative exp8nses.' Telephone and inlernel Cost of sales OfficelAdmin expense Venu8 & Costume hire Bank charges Insurance Equipment hire Repairs and maintenance Exam fees 3,500 10,162 15,656 39,497 2.924 6,834 1,211 23,430 30,266 138,836 5.500 8,000 22,149 1,205 4,500 3,5 4,701 10,045 18,478 78.078 Legal and professional costs- Advertising and PR Other legal and professlonal 2,970 7,915 12,385 5,954 6,111 12,065 519.865 312,767 Adagio College of Performing Arts Detailed profit and loss account for the year ended 31 July 2025 This schedule does not fLYm part of Ihe statutory aGcounts 2026 2024 Sales 607,443 380,496 Adminislralive expenses 1519,8651 (312,7671 Operatlng prof5t 87,578 67,729 Profit before tax 87,578 67,729 REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISER5 (For the year ended July 31st, 2025). Trustees Paul Crick (Cha irperson } Tanya Stanyon Roger Davinson Secretary Roger Davinson Senior ManagementTeam Bronwen Patching Elaine O'connor Designated Safeguard Lead Bronwen Patching Company Number CE0023772 Charity Number 1191115 Registered Office The Studios 661 Rayleigh Road Hutton CM13 ISS Accountants Watson Accountants Peverel House Hatf ield Peverel CM3 2JF Bankers Lloyds Bank 47 High Street Brentwood CM14 4RN TRUSTEES REPORT The Trustees, who are also director5 of the Company for the purposes of company law, submittheirannual report and the financial Statements of Adagio College of Performing Arts for the year ended 31st July 2025. OBJECTS OF THE CHARITY, PRINCIPAL ACTIVITIES AND ORGANISATION Organisation The charity is governed by its Trustees who are responsible for formulating the strategies and policies of the charity including the approval of budgets and the annual accounts. The Trustees delegate the day to day running of the charity to the Senior Management Team. Recruitment and appointment of Trustees Trustees are appointed based on their expertise in a particular field. Governing document The Adagio College of Performing Arts is a company limited by guarantee and a registered charity governed by its memorandum and articles of association and the policies formulated from time to time by the Trustees. Objects The charity's objects are specifically restricted to the following: To advance, for charitable purposes, education and to promote the arts (ballet and related performing arts) both for the public benefit but not exclusively by., Goals Educatlon and Dance l) To engage students in the collaborative process 21 To strengthen students, creative skills in live performance through the study of craft and technique 31 To engage critical studies and histories of dance performance 41 To create unique, challenging and diverse live performance and share them with our community Objective5 To achieve these goals students will l} Demonstrate a nuanced understanding of collaboration in the creative process through leadership, participation and reflection 2) Develop a multi-faceted physicality through training in dance techniques 31 Apply a variety of value systems, aesthetics and approaches to performing 41 Learn the vocabulary and practice methods of respectful critique and evaluation 5) Integrate and understanding of cultural context into creative and scholarly research 6) Demonstrate clear and convincing academic writing in the field 7) Nurture inclusive community through dance Outcomes 11 Students will learn the value5 and methods of artistic collaboration 21 Will be prepared to enter the professional world of the performing arts 31 Will be equipped for a wide variety of careers such as business, law or teaching that require collaborative effort, public poise, imagination and a broad background in the liberal arts DEVELOPMENT, ACTIVITIES AND ACHIEVEMENTS The primary objectives are the development of young people in pursuit of a performing arts education. We have developed relationships with examination and education boards as follows,. Pearson BTEC - GCSE/A level GCSE/A level Drama Musical Theatre Dance education Dance education Dance partnership AQA Edexcel LAMDA Trinity College ISTD RAD ENB RISK POLICY AND MANAGEMENT The Trustees are responsible for the management of the risks faced by the charity. Risks are identified and assessed, and controls are established throughout the year. A formal review of the charity's risk management process will be undertaken on an annual basis. The Trustees consider the principal risks to the charity to be: parent's ability to afford the education packages available the continued rise in expenditure which is seeing all cost increasing (utilities, rates, telephones, contract5) teachers and their skill set which have seen a marked decline in recent years School safety- student welfare The key controls used by the charity include.. Formal agendas, minutes and actions for all Trustee meetings alongside comprehensive planning Clear authorisation and approval for all levels of expenditure are in place Clean lines of reporting and appraisal for the school, its staff and its finances have been established through a collective effort by the Trustees, the Executive Director and a Specialist Financial Advisor Controls over operation of the charity's bank account and periodic reviews of the adequacy of insurance of the charity's fixed assets are adequately managed Procedures are in place to ensure compliance with health and safety and safeguarding regulations to protect both students and staff Such procedures are reviewed annually to ensure compliance with the latest requirements. Through the risk management processes established, the Trustees are satisfied that the major risks identified have been adequately mitigated where necessary It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed. The major risks to which the charity is exposed as identified bythe Trustees have been reviewed and systems have been established to mitigate those risks. FINANCIAL/OPERATIONAL REVIEW There are now three main element5 to the College l). Adagio College-Further and Higher Education 2). Adagio School - After school and weekend activities 3), Private Exam Centre Adagio College We now offer 2 BTEC courses, HNC and HND in dance and performing art5. th Now in its 5 year the BTEC has steadily 8rown each year by 20% and we are forecasting this growth to continue into 2027. After school and weekend activitles The year has been solid with a school show boosting revenues with associated costs. The trend is not encouraging currently in these uncertain times we are Seeing with a slight drop off year on year in numbers and revenue. This is the currently the most challenging part of the business. Private Exam Centre We are now offering GCSE/GCE exams as a private centre with a focus on alternative provision. This has grown quickly, and we find demand is outstripping space availability in core subjects. Contracts with Essex and Havering and their alternative providers has seen this part of the business grow significantly. Going forward the challenges are finding qualified staff to deal with the complex educational needs we need to deliver. Financial review The college has grown significantly in revenue (+59.60A), but expenditure has grown faster (+66.2YI, squeezing surplus slightly {£87.6k vs £67.7k}. The surplus margin fell from 17.8% to 14.4%. Whilst the growth is healthy, the focus is now on operational efficiencyto protect the surplus as a buffer against future volatility. The addition of the school shows every other year always inflates revenue and associated costs so we anticipate a drop off in revenue in the current year, but this will be matched by a reduction in costs. We are happy to report that our ongoing commitment to student scholarships and Ballet Futures has resulted In awards totalling £47776 for the year. PREPARATION OF THE REPORT This report has been prepared taking advantage of the small company's exemption of section 415A of the Companies Act 2006.