DDMIX
The Report of the Trustees
The trustees present their report and the audited financial statements for the year ended 31 December 2022
During 2022 we further discovered that when dealing with the public sector, such as the school system, one has to be determined, but above all flexible, in order to ensure one’s intervention is effective. We have found that, as hard as we might try, primary school teachers are not willing, in sufficient numbers, to learn basic movement to music moves in order to lead their students in a program such as DDmix.
As a result, we have augmented our original offering, by Darcey and a senior team member now giving live stream classes to schools for free and offering a follow up plug and play option for the school thereafter, so that they can adopt our dance fitness program as widely as possible. That is to say, we have decided to use technology and go for volume at the expense of price.
In light of this change and the results we have seen, our new objectives for 2026 (which were delayed by 2 years in light of Covid) have advanced to become: One: 100,000 primary school students do DDmix at least once in a 12 month period. Two: We reach the number of 400 participatory schools in one 12 month period. Three: DDmix continues to ensure that evaluation data is incorporated in its stages of growth. Four: DDmix achieves a self-funding position.
As chair of the Board of Trustees, I have pushed my fellow Trustees and our leadership group to grab the opportunity to achieve impact now and work out our path to self-funding second. I knew that with DDmix having adjusted our cost base over the last year to be very lean (with our changed labour model), existing revenues and generous philanthropic backing, would see us maintain a roughly breakeven position as we pursued this path of greater short-term intervention.
FINANCIALS Year January 1[st] 2022 to December 31[st] 2022 Revenue £147,191 Costs £133,882 Surplus £13,309 Cash as of 31[st] December 2022 £36,950
Our first live class was in September 2022, and we had over 1,000 schools attending, with 30k students participating. We have more live classes planned for 2023 and Darcey and the team really enjoy giving them.
In March 2022, Will Quince Under Secretary of State of Education accompanied by Susan AcklandHood Permanent Secretary Department of Education, visited The Albion School in East London to watch DDmix in action, observing two classes. During the summer of 2022 DDmix participated in the government’s summer challenge.
Giselle Parker, CEO, and Darcey Bussell, Founder, are supported by our wonderful team of Amy Rowbottom: Head of Schools, Victoria Selway: Liaison Officer and Sarah Verity-Gibbons: Social Media and Marketing.
Our Trustees, Jo Manoukian, Matthew Cunningham and myself remain unchanged.
………………………… Signed by Angus Forbes, Chair DDmix on behalf of the DDMIX Trustees.
Registered number: 12886420
DD Mix Trust
UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/12/2022
Prepared By:
JPS Matharu Associates Accountancy and Tax Practice 157 Queens Road Weybridge Surrey KT13 0AD
DD Mix Trust
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/12/2022
TRUSTEES
Darcey Bussell DBE Matthew Cunningham Angus Forbes Joanne Manoukian
SECRETARY
Oakwood Corproate Secretary Ltd
REGISTERED OFFICE
Oak Gates 157 Queens Road Weybridge Surrey KT13 0AD
COMPANY NUMBER
12886420 CHARITY NUMBER
ACCOUNTANTS
JPS Matharu Associates Accountancy and Tax Practice 157 Queens Road Weybridge Surrey KT13 0AD
page 1
DD Mix Trust
ACCOUNTS
FOR THE YEAR ENDED 31/12/2022
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 to 9 |
| Detailed Statement of Financial Activities | 8 |
page 2
DD Mix Trust
TRUSTEES' REPORT
FOR THE YEAR ENDED 31/12/2022
The trustees present their report and accounts for the year ended 31/12/2022
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was To advance arts and culture for the benefit of the public by promoting dance .
STRUCTURE GOVERNANCE AND MANAGEMENT
structure and governance text goes here
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on
Angus Forbes Trustee
page 3
DD Mix Trust
| Statement of Financial Activities for the year ended 31/12/2022 Income Income from generated funds Income from Investments Income from charitable activities Total Income and endowments Expenses Costs of generating funds Expenditure on Raised funds Expenditure on Charitable activities Total Expenses Net gains on investments Net Income Gains/(losses) on revaluation of fixed assests Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward |
Unrestric ted funds £ - - - - - - - - - - |
Restricte d funds £ - - - - - - - - - - |
2022 Total £ 1 147,190 147,191 118,242 15,640 133,882 13,309 13,309 23,641 36,950 |
2021 Total £ - 104,258 |
|---|---|---|---|---|
| 104,258 | ||||
| 76,229 4,388 |
||||
| 80,617 | ||||
| 23,641 | ||||
| 23,641 - |
||||
| 23,641 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
page 4
DD Mix Trust
BALANCE SHEET AT 31/12/2022
| BALANCE SHEET AT 31/12/2022 | ||||
|---|---|---|---|---|
| Notes CURRENT ASSETS Cash at bank and in hand CREDITORS: Amounts falling due within one year 3 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Unrestricted funds 5 Difference on accounts |
45,523 45,523 8,573 |
2022 £ 36,950 36,950 36,950 |
32,214 32,214 8,573 |
2021 £ 23,641 |
| 23,641 | ||||
| 23,641 |
For the year ending 31/12/2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on and signed on their behalf by
.............................
Angus Forbes Trustee
page 5
DD Mix Trust
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
page 6
DD Mix Trust
2. EMPLOYEES
| 2. EMPLOYEES | ||
|---|---|---|
| Average number of employees 3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
2022 No. - 2022 £ 8,573 8,573 |
2021 No. - 2021 £ 8,573 |
| 8,573 |
4. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding ££40, to the company should it be wound up. At 31/12/2022 there were 4 members.
5. UNRESTRICTED FUNDS
6. RESTRICTED FUNDS
| Brought forward £ |
Incoming resource s £ |
Outgoing resource s Transfers £ £ Outgoing resource s Transfers £ £ |
Carried forward £ Carried forward £ |
|---|---|---|---|
| Brought forward £ |
Incoming resource s £ |
page 7
DD Mix Trust
Incoming Resources for the year ended 31/12/2022
| Incoming Resources for the year ended 31/12/2022 |
||
|---|---|---|
| Incoming resources Incoming resources from generated funds |
2022 £ 1 147,190 147,191 |
2021 £ |
| - | ||
| 104,258 | ||
| 104,258 |
page 8
DD Mix Trust
Expenses
for the year ended 31/12/2022
| Expenses for the year ended 31/12/2022 |
||
|---|---|---|
| Expenses Costs of generating funds Costs Of Generating Voluntary Income Purchases Instructors Marketing Charitable Activities Subsistence Computer costs Travel Accountancy fees Legal costs (revenue) Insurance Clothing Stationery & office supplies Internet Sundry tools and maintenance Subscriptions Charitable donations Bank charges |
2022 £ 6,004 93,157 19,081 118,242 118,242 206 9,470 273 1,224 - 659 646 207 - - 661 2,180 114 15,640 133,882 |
2021 £ - 70,983 5,246 |
| 76,229 | ||
| 76,229 | ||
| 90 - 47 1,200 330 - 136 34 396 2,065 - - 90 |
||
| 4,388 | ||
| 80,617 |
page 9
Registered number: 12886420
DD Mix Trust
UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/12/2022
Prepared By:
JPS Matharu Associates Accountancy and Tax Practice 157 Queens Road Weybridge Surrey KT13 0AD
DD Mix Trust
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/12/2022
TRUSTEES
Darcey Bussell DBE Matthew Cunningham Angus Forbes Joanne Manoukian
SECRETARY
Oakwood Corproate Secretary Ltd
REGISTERED OFFICE
Oak Gates 157 Queens Road Weybridge Surrey KT13 0AD
COMPANY NUMBER
12886420 CHARITY NUMBER
ACCOUNTANTS
JPS Matharu Associates Accountancy and Tax Practice 157 Queens Road Weybridge Surrey KT13 0AD
page 1
DD Mix Trust
ACCOUNTS
FOR THE YEAR ENDED 31/12/2022
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 to 9 |
| Detailed Statement of Financial Activities | 8 |
page 2
DD Mix Trust
TRUSTEES' REPORT
FOR THE YEAR ENDED 31/12/2022
The trustees present their report and accounts for the year ended 31/12/2022
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was To advance arts and culture for the benefit of the public by promoting dance .
STRUCTURE GOVERNANCE AND MANAGEMENT
structure and governance text goes here
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on
Angus Forbes Trustee
page 3
DD Mix Trust
| Statement of Financial Activities for the year ended 31/12/2022 Income Income from generated funds Income from Investments Income from charitable activities Total Income and endowments Expenses Costs of generating funds Expenditure on Raised funds Expenditure on Charitable activities Total Expenses Net gains on investments Net Income Gains/(losses) on revaluation of fixed assests Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward |
Unrestric ted funds £ - - - - - - - - - - |
Restricte d funds £ - - - - - - - - - - |
2022 Total £ 1 147,190 147,191 118,242 15,640 133,882 13,309 13,309 23,641 36,950 |
2021 Total £ - 104,258 |
|---|---|---|---|---|
| 104,258 | ||||
| 76,229 4,388 |
||||
| 80,617 | ||||
| 23,641 | ||||
| 23,641 - |
||||
| 23,641 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
page 4
DD Mix Trust
BALANCE SHEET AT 31/12/2022
| BALANCE SHEET AT 31/12/2022 | ||||
|---|---|---|---|---|
| Notes CURRENT ASSETS Cash at bank and in hand CREDITORS: Amounts falling due within one year 3 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Unrestricted funds 5 Difference on accounts |
45,523 45,523 8,573 |
2022 £ 36,950 36,950 36,950 |
32,214 32,214 8,573 |
2021 £ 23,641 |
| 23,641 | ||||
| 23,641 |
For the year ending 31/12/2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on and signed on their behalf by
.............................
Angus Forbes Trustee
page 5
DD Mix Trust
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
page 6
DD Mix Trust
2. EMPLOYEES
| 2. EMPLOYEES | ||
|---|---|---|
| Average number of employees 3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
2022 No. - 2022 £ 8,573 8,573 |
2021 No. - 2021 £ 8,573 |
| 8,573 |
4. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding ££40, to the company should it be wound up. At 31/12/2022 there were 4 members.
5. UNRESTRICTED FUNDS
6. RESTRICTED FUNDS
| Brought forward £ |
Incoming resource s £ |
Outgoing resource s Transfers £ £ Outgoing resource s Transfers £ £ |
Carried forward £ Carried forward £ |
|---|---|---|---|
| Brought forward £ |
Incoming resource s £ |
page 7
DD Mix Trust
Incoming Resources for the year ended 31/12/2022
| Incoming Resources for the year ended 31/12/2022 |
||
|---|---|---|
| Incoming resources Incoming resources from generated funds |
2022 £ 1 147,190 147,191 |
2021 £ |
| - | ||
| 104,258 | ||
| 104,258 |
page 8
DD Mix Trust
Expenses
for the year ended 31/12/2022
| Expenses for the year ended 31/12/2022 |
||
|---|---|---|
| Expenses Costs of generating funds Costs Of Generating Voluntary Income Purchases Instructors Marketing Charitable Activities Subsistence Computer costs Travel Accountancy fees Legal costs (revenue) Insurance Clothing Stationery & office supplies Internet Sundry tools and maintenance Subscriptions Charitable donations Bank charges |
2022 £ 6,004 93,157 19,081 118,242 118,242 206 9,470 273 1,224 - 659 646 207 - - 661 2,180 114 15,640 133,882 |
2021 £ - 70,983 5,246 |
| 76,229 | ||
| 76,229 | ||
| 90 - 47 1,200 330 - 136 34 396 2,065 - - 90 |
||
| 4,388 | ||
| 80,617 |
page 9