Compary registration numb8r. 09725605 Charity registration number.. 1196139 Jones the Dance Cyf IA company lim by guarant88) Annual Report and Flnancial Statements forth8 Year Endgd 31 March 2024 Robert Hugh Robert Hugh Llrnrted Chartered Accountants 15, Dan-y4ryn Avenu8 Radyr Cardiff CF15 8DD
Jones the Danc• Cyf Contents Referonc8 and Administrative Detalls TrL88s, Rewjrt 2to6 Statement of Trustees, R8sponslblllUeg Indapendent Examinerfs Report statement of Finandal Activiknes Balan¢0 Sheet 10 Notss to the Flnancial Statéments 11to23
Jones the Dance Cyf Refer•nce and Admlnlstrative Detalls Trustee8 DR Hopn5 LM Bassett HLam B House A Wi5gman J Wh311 1196139 Charfty R•glstratl*)n Numljer Company Registratlon Numb•r 09725606 The chaty is incorp)rated In England and Wal6s. 142 Arabell8 Street Roath C8rdSff CF24 4SY R•glstored Offlc• Prfncipal Offic• 142 Arabella Stroet Roath Cardrft CF24 4SY Indendant Examln•r Robert Hugh Robert Hugh Limited Chartered Accounlanls 15, Dan-y-Bryn Avenue Radyr Cardiff CF15 8DD Page 1
Jones the Dance Cyr Trustees, Raport TRUSTEES, REPORT 2023 - 2024 The trustees. are directors for the purposes of company law, present the annual report togeth with the financial ststements of the charftable company for the year ended 31 March 2024. STRIICTURE GOVERNANCE AND MANAGEMENT R6port of th• Trustees for tho year endlng 31 March 2024 Thg Ifustees are pleased to present their annual report together with the financial statements of the charity for the year ending 31 March 2024. which are also prepared to meet th8 requirements for a directors, report and accounts for Compani8s Act PUfFL)W. The financial statements comply with the Chariti8s Act 2011. the Companies Act 2006, the Memorandum and Articles of Assoclation, and Accounting and Reporting by Chartties: Statement of Recommended Praclice opplicable to charl£$ PTgparing their accounts in accordance wlth the Flnan¢ial Reporn Standard 102. Govornlng Do¢um•nt Jone5 the Dance ts 8 company limited by guarnntee govamed ty Its Memorandum and AcleS of Association dated 19 M8rch 2021, utKfated by reSOtion 21 October 2021. It L5 registered with The Chafsty Commission. Trn$t - RgcNltm•nt and Appolntm•nts Appointm•nts • Ajicia Wiseman and Jess Whys811 werg appointed 9 Odober 2023 TeTmlnation of appolntm•nts . Sh8ron Casey and Marcus Suliman resigned as directors on 9 October 2023 Trusttss contlnulng . Lydia Ba¥s¢tt . David H¢)pkins . Beth Hous8 . Hazel Lam Organlsational Structurn The Board of Truste8s administers the organisation. The Board meets quarterty. The Arbstlc Director Gw Emb8rt011, 8nd Execubve PrOdur Kate PeIdge, have been appointed to manage the day to day operations of the charity on behaW of the Trustees. as freelancers. To facilitate effective operations, the Artistic Director and Executive Produc&r have delegated authority. withln tems of delegation approved by the tnJsle8s (Artide 51, for opèrational matters including finance. employTnent, artistic perfomian¢e and educalional activty. range of freelance dance artists, tgachets, producers, marketing consultants. creatives and techntcal staff contribute to the delivery of projects on a project basls whtch depends on the nged5 of specific projects. Page 2
Jones the Dance Cyf Trustees. Report Wider Natworlt Jones the Dance is grateful to Arts Council of Wales for financially support the arttstlc programme throughout the year. There was also some income from Swedish Arts Council and Arts Council England. The charty received inthind support from Thealr Clwyd, Dawns l Bawb, the Hafren and Chapter Arts. Related Partlos Nono of our tnjstees weiv8 remuneration or other benefft from their work wlih charity. In thelr capauty as Trustees. Any connection between a trustee or senior manager of the charity with 8 production company, contracted dancer, performer or contributor must be disclosed to the board of Iwstees In the same way as any othèr contractual relationship th a related party. There is an opportunity to rai58 this as a notsd itsm at the start of every meeting of the Board ofTnJslees. Twstges, trnvel, actommodatlon and subsistence c8n be daimed as long 8s It is associed actsvity lo the chartty. Risk Management The trustees have a risk managarnent str8tegy, which tsjmprises.. . An annual revlew of the principal risks and uncertalnlles that the charity faces: . the establishment of pollcies, $y3tsms and procedur05 to mf(kJate those risks,. and th8 implementaln of procedures designed to minlmise or manage any potential impact on the Charity should those risks materiafise. This work h89 identified that finanual sustainability is a financial risk for the charfty. A key element in the management of financial risk is a regular revlew of available liquid fvnds to settle debts as Ihey fall due, regular liaison WI the bank. and active managemgnt of trade debtors and creditots balances to ensure sufficient Wotking capital. Attention has also been focussed on non-financial risks arisino from fire, health and Safety of arbsts, safoguarding and auTJi¥wiLE. Thetse wlsks are managed Dy regular awareness iraining trjr staff working in these operatlonal areas, with production rlsk assessments c¥eated by a freelance techni(l manager and approved by the Execuuve Produc8r. Insuranc• The organisation has annual Insuran from Wrightsure (Performers Insuran*l which covèrs Employers Llabilty, Public and Products Liability, and addthnal worldwide busin travel insurance. OBJECTIVES AND ACTIVITIES ObJ•cts (from Artlcles of Asso¢latlon} The PMOtion of the arts, and in particular, but not exclusively, the art of dance and drama for the public banefit induding by (but not limited to): • the creat•)n, production and performance of dance and theatre produGttons and exhibittons. and ' prowding seminars, workshops, and masterclasses to the pubfic, Including arts professlonal8. Page 3
Jones the Dance Cyr Trustees. Report Vlsion, Ml¥slon and Alms Vlslon . To transfomi who gets to make and experience CteMpor9ry dance. Misslon . To broak4own batriers and pgrGeplSons of Ytho can darice, wliu intake il tind who enjoy tt, how dance is made and wher8 it happens, and why that matters. Dance has the power to be transfomialive. from a single moment to a lrfetime, and ueating those moments Is key to making Sure that evern8 no matter their background has the opportunity to experl8nce that. Valu•8 è Disruptive . Courageous Fair Stratsglc Alms To relmagln8 creative processes, methods and approaches for how rx)ntemporary dance productions. Puth dan projects and intermtional llaboration110vrIng projects are made. Through collaboration wrth artists, parti¢ipants and communities we wll build trust. ignit8 curioslty and create a feeling that It Is for me.. We will support dano artists and young dancers who are under-served by contèmporary dantx structuras to discover. develop and flourfsh. Tn pmdir£* more r•Jular prOdCtIOns and projeets to re&uild audlgncgs snd psrlieipants following the pandemic and Increase impact wrth dlDeaf 8nd Disabled audienc8S. Participants and dance artists. . To develop our infrastructure and resourG8S to increase capactty, a¢hVirj transfomiation of JtD and enabling growth and sustainabiltty. Slgnlncant Jone$ the Dance's principal acbvity over the p8ri)d has been a Gontinuation of the development ofthe immersive and interactive film I INe jUCtion project callod Y Dewls, which rec9ived a large grant from Arts Council of Wales and a grant from Swedish Arts Coun(xl, plus a grants from Ab[4h1rn Crickniay, and I(1 gNiftg The charfty also re¢eived two adonSI grants from Arts Coundl of Wales. th8 first W88 to enable continuation and development of its young company through the two projeGts Jones Bach and Quiet Beats. The second vrds to support business development for the charity to re-wrfte the business plan and future strategies. Y Dewis and the Young Company gTrnts were both eligible for a grant ofan addition8115% of c%)sts to help with the cost of living crisis. There was the fin81 instslmenl of iwo grants from W8188 ArL% Intemational (via ACWI for wllaboratwe residencies in Italy and Sweden. The charfty recetved a $m811 donatlon from an individual to support Quiet Beats and Income from participants of Jones BaGh Page 4
Jones the Dance Cyf Trustees. Report VoluntÈÈrs There were no volunteers during the year. ACHIEVEMENT AND PERFORPMNCE Charftablo h£tlvltl89 Throughout the year the chaAty continued to work on Y Dgwis, an Interactive multllingual dance film that inters8cts with live porformance and follows the stories of five characters through spoken word, skjn language and dance. Rehearsals and filming commenced in April 2023, edttlng of th8 film continued through th& year and th8 tour bègan early in the following year in April 2024. The ¢x)mpany offered opon rehearsals and artist talks Wth l¢xal mmunitieS in north Wabs during the ¢reation In June 2023. The Charity received a large grant from ACW towards year4ong aclivlty for the Young Company projects Quiet Beats and Jones Bach. This is a significznt development for the ljvo projects, belng able lo develop and expand the offer through regular and nSIstent workshop opportunittes. Tha grant enab the project to continue past the end of this financial year thn)ugh to September 24. . Quiet Beats w0shopS held monthty plus workshops through Octobgr and Febwary halflemi. • Jones Bach workshops wer8 held in O¢tober and February H8lf Tern. In January 2024, Gwyn Emberton and freelance Produc*r Kama Roberts attended the flrst in•8tson meeting for the new edibon of iCoD8Co Ilnlernation81 Conternporary Dan Collectivel project in Porto. The charity received funds from ACW via Wales Arts Intemational Intemational Opportunhies Fund to attend the meeting along with additional monthly digitsl meeungs and worknng sessions. Publlc B•n8fit JtD tours dance theatre productK)ns which are presented to the public in an arfstlc fom. The mpany creates employment for choreographers, producers, dancers, destgners, technlcians and other dan and c¥88tive profgssionals. The company offers trainlng and workshop opportunities for school and college groups. dance prof&ssionals and audients members. There Is a focus on developing and supporting dance and creative talent from Wales to make work and present work In national and international ry)ntext. The charity provides and develops youth dance inrftiatives with 8 commllment to providing opportunities for young people who usualty face barriers to experiencing darw opportunities with pmfes$ional dance rmPani8s 8n¢J artists. Internal and Extemal Facto The company b reliant on project funding princlpalty from Arts Council of Wales to produce wort¢, 81ongside fees and box office income generated from touring. Additional funding is also available frt)m trusts and foundauons. crowdfunding and individual donations. Following Ihe decislon of the UK to leave the EU, the company has sought 8ltamabve fvndin9 strategies to ¢x)ntinue to participate in Internatial projects. Operational management of the comp8ny is delnrered by the freelance ATtistlc Dlrector and Executive Producer, appointed and overseen by the Trustees. Both roles are appointed on an annual basis to fulfil projects. Al artists, teachers. creattves and 8dministration engaged by Jones the Dan are dono so on a frgelance basis and are ¢x)ntra¢tsd project by project. Tnjstees, travel, accommodation and subsisten can be clammed as long as it is assouated activity to th& charity. Page 5
Jones the Dance Cyf Trustaes. Report FINANCIAL REVIEW Reviow of tha Y••r The ch8rty receNed £153.372 from ACW The charity re¢eNed £34,781 from Swedish Arts Council towards Y DaMs The ohority roceived £6,600 from National Grtd The charity receNed £200 from 8n Individual donatlon Income h88 been induded for theatre tax relief of £45,498 Th6 total Inc#Jm8 for th8 y8ar was £240,451 The total expenditure for the year across 811 projects was £164,347 R8s8rv•s Policy The opJanisation operates on a project by project basis and is rt yet In a financjal posityon to hold reserve5. It is Intended that Ihis will change moving forward when additional ftjnding can be sourced to 8ilow Ihe mora e4Jnsist8nt oeneration of BStIC output and support ra Costs related to thLg. Principal Fundlng Sources Funding was re(*ived from Councal of Wales. Through HMRC'S Cre8Uve Tax Relief, Jones thÈ Dance wlll be able to mak& a daim which cx)ntributes lowards th8 Gharivs unrestrirted incom&. FUTURE DEVELOPMENTS The charity wll continue to produce dance. tr)uring In Wales, with plans dependent on funding to inplement arlists and artistic development programmes. youth dance inttsatives and will continue to focus on intemational activitie$ and opporbjnities. The charity wlll seek regular and Gore fvnding. The annual rept was approved by the trUee5 of th& chaiity on 12 December 2024 arKI signed on Its behalf ty. DR Hopkins Trusts8 Page 6
Jones the Dance Cyr Statem8nt of Trustees. R•sponsibllltl8s The trustees (who are atso th8 directors of Jones the Dance Cyr for the purposes of company lawl are reSponsie ft)r preparing tfie trustees. report and the financial statements in accordants with applicable law and United Kingdom Accounting Stsndards (Untted Kingdom Generally ArL8pted Accounting Practice), induding FRS 102 'Yhe Financial Reporbng Standard applicable in the UK and Republic of Ireland.. Cornpany law requires tha trustees to prepare financial statements for each financial year. Under company law the Irust8es must not approve the financial statements unless they are satisfied that Ihoy give a truc and fair view of the stale of affairs of th¢> charilable Gompany aijd vf ItriE inGgffllng resources and applicatlon of resources, induding its income and expenditure. of the charitable Company for Ihal period. In preparing these financial ststements, the trustees are roquired to.. select suitabl8 a¢ntIng pJliThes and appty thém consistenuy, observe the methods and principles in the Chaiities SORP. make judgements and estimates that are reason8ble and prudent., slate whether applicable aw)unting standards, comprising FRS 102 have bèan foltowed. subject to any material departur8s disdosed and explained In the financial ststem&nts" and prepar0 the financial statemgnts on the going concem basis unless it Is Inappropriats to presume that the charttabEe company will continue in business. The trustees are responsible for keeping proper accDunllng rewrds that can dlsclose wtih Teasonabte ac¢uracy at any time the financial position of the charftable company and enable them tr) ensure that the financial statements cgmply with the Compantes Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps for the preventton and delectlon of fraud and other irwulariti8S. The trustees are responsib for the maintenance and Integrity of the coOrate and financaal formation included on the chatable companls website. Legislation goveming the preparation and dissemlnation of financFal statements may dlffer from18gisl8tion in othÈrjiJrisdirtiOng. Approved by the trustees of tha charity on 12 Dember 2024 and signed on its behalf by. OR Hopkins Twstea Pagg 7
Jones the Dance Cyf Independont Examlnerfs Raport to the trustees of Jones tha Dance Cyf {Ih8 Compan) I report to the charfty trustees on my examlnation of the accounts of th8 Company for th8 yBar endod 31 March 2024. Rgsponslbilltl•s and basls of rnport As Ihe charivs trustees of the Company (and also Its directors for the purposes of company law) you are r8spon$ible for the preparation of the accounts in accordance the requirements of thg Companiès Act 2¢X16 Ilbe 2006 ACV). Havin9 satisfied myself that the ac(ounts of the Company are not required to be audlted under Part 16 of the 2006 Act and 8re eliglble for independent examination, I report in respect of my examination of your charlty's accounts as carried out under section 145 of the Charrties Act 2011 (Ihe 2011 Art,). In caryng out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Indep8nd8nt examln*s stat•ment I have complete(I my examination. l eonfimi that no matters have come to my attention in CA)nnection with the examination gwing me cause to belleve: 1. a¢¢ounting records were not kept in respect of Jones the Dance Cyr as required by sectlon 386 of the 2006 Act or 2. the accounts do not accord with those records,. or 3. the accounts do not comply wÈth the accountlng requirements of section 396 of the 2006 Act other than ary rgquirement Ihat the acr¥Junts give a Irue and fair vieYP whith is nol a matter )nsidered as part of aft independent èxamination. or 4. the accounts have not prepared in accordance wtlh the methods and principles of the statement of Recommende(J Pf8ctsce for auntIfi9 and roporting by Gharitles 18pplicab to chartLies preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republsc of IreL8r {FRS 102)]. I have no concems and have me across no other matters in connoctton wlh thg examination to which attention should be drnwn in thss report in order to enable a pmper undetstanding of the actounts to b& roached. Robert Hugh Rob8rt Hugh Limited Chartered Accountants 15, Dan-y-Bryn Avenue Radyr Cardiff CF15 8DD 14 Decemb8r 2024 Page 8
Jonos the Dance Cyf Statement of Flnanclal Activltles for thè Year Ended 31 March 2024 (Includlng Income and Expendlture Account and Ststement of Total Recognised Galns and Losses) Unr4strictod R8strl¢ted funds funds Total 2024 Income and Endowments fr¢)m: Donations and legacies Charitable a¢bvitses 200 194,753 200 240.251 45,498 Tot81 income 45.498 194,953 240,451 Exp•ndltur• on: ChaFitabl8 activihes ,138 157,209 164,34 Tot81 expènditure Net income Transfers bthe8n funds 7,138 157,209 164,34 38,360 10,086 37.744 10,086 76.104 Net movem8nt in funds 28,274 47,830 76,104 Reconciliatlon of funds Totsl fvnds bn)ught forward Total funds ¢arrfed fomard 35,887 4,937 52.767 Unrnstrict•d Rostrictgd funds funds 40.824 116,928 Totsl 2023 16 Incom• and Endowments from: Charitable activitses 23.283 95,874 119.157 Total income 23.283 95,874 119,157 Exp•ndltur• on". Charitsble adivttt05 5.155 88,672 93,827 93.827 Total expendtiure Net income Trdnsfers ben funds 5,155 88.672 18.128 2.265 7,202 2,265 25,330 Net movement in funds 20,393 4,937 25.330 Reconciliation of fvnds Total funds brought forward Total fijnds ¢arried foThYard 15.494 15.494 16 35,887 4,937 40,824 All of the ¢hariVs aCti¥S derive from continuing operatlons during tho above tsyo perÈods. The funds breakdo for 2023 is shown in note 16. The rH)tes on pages 11 to 23 fomi an integral part of these financlal statements. Page 9
Jones the Dance Cyf (Reglstratlon number: 09725605) Balance Sheet as at 31 March 2024 2024 2023 Not• Flxed assets Tangiblg assets Curront ets D&btors Cash at bank and in hand 12 282 13 14 23.283 20.175 73.935 119,735 43,458 Crndltor4: Amount8 falllng du• wlthln on• yoor Nat cuffent assèts 15 3.455 2.916 116.280 40,542 Not ass•ts 116,928 40,824 Funds of the charlty: Restricted in¢om• fvnds Restricted fun(ts 16 52,767 4.937 Unr8stri¢tsd Incomo funds Unrestrtcled funds 84,161 35,887 Total fvnds 16 116,928 40,824 For the financlal ar ending 31 March 2024 the tharity was entitled to exemption from audit und8r section 477 ofthe Companies Act 2006 relating to small MpanIes. Dir*>rs' reswnsibilitses: The Membe have not required the charity to obtain an audit of tts accounts for the ar in question In accordance wtth section 476., 8nd The direGtors athnrJwl¥dyE ili¢Èr [B5ponslIl85 for compiwng wth tho rewlrements ot the Act with respect to accountiryj reujrds and the preparntion of a)unIs. The finanaal stslements on pages 9 to 23 were approved by the trustees, and authorised for issue on 12 December 2024 and signed on their behalf by. DR Hopkins Tnjsleei The notes on pages 11 to 23 form an Integral part of these financial statements. Page 10
Jones the Danca Cyf Notes to the Flnancial Statements for the Year Ended 31 March 2024 1 Charfty Status The charity is limited by guarantee, in¢orporated in England and Wates, ond consequently does not have share capital. Each of the tnjslees is liable to contribute an amount not exceeding £10 towards th8 assets of tho ¢h8rity in the avent of liquidation. The address of its registe office is: 142 Arebellg Stroot Roalh Cartliff CF24 4SY Thg princ5pal place of l)uslness 15: 142 Arydb&lla Street Roath Cardlff CF24 4SY Th8se financial statements wore authorised for issue by the Intste9s on 12 De¢ember 2024. 2 Accounting pollclos Summary of slgnlfficant accounting policl•s and kèy a¢countlng estimates The principal accovntlng policies applied in the preparation of these financial statements are set out below. These policies have been conslst8ntly applied to all the yBars presented, unless otherwise stated. 8tstem•nt of ¢ompllanca The finanaal statements havg been prepared in acL)rdance Accounting 8nd Reporting by Charttios: Statement of Rgcomrnended Practice lapplicèbje to tharities preparing their accounts in accordance wrth the Financi81 Reporting Standard applicable in the UK and Rgpublic of Ireland IFRS 102)) (issued in Octobèr 2019) - (Charities SORP IFRS 102)), the Financial Reporting Standard appmcablo In the UK an(J Republi¢ ot Ireland (FRS 1021 and the Companles Act 2006. Basls of prnparatlon Jones the Dance Cyr meets the deffnrtion of a public benefft entity under FRS 102. Assets and liabiltbes are intlially rgcognised at historical ¢xst or transaction value unless otheNise stated In the relevant actxjunting policy note$. Golng conc•m The twstees constder that there arg no materFal uncertainties abwt the chartys abilty to rAnfjnue a¥ a going concem nor any gnIfIcant areas of un¢ertainty Ihat affect the caryng value of assats held by tha charÈty. Exemption from prep•rlng a cash flow statsment The charity opted to early adopt Bultin 1 pubfished on 2 February 2016 and have therefc8 not knduded a c8sh flow statement in these financlal statements. Page11
Jonos the Dance Cyf Not•s to the Flnanclal Statements for the Year Ended 31 March 2024 Income and •ndowments Al income is reeognisgd once the charity has entlement to the income, li is probablo that the Inrne will be received and the amount of the income receivable ¢an bg measured Trliably. Donatlons •ndlegacles Donations are reryjgnised when the charity has b8en rtIlled In wrÉiing of bolh the amount and setllBrnent (Jate. In the event that a donation is subject to conditions thal requir8 a level of perfomiance by the charity bgfore the charity is entitled to the fijnds, the income is deferred and not recognised until either those conditions are fully mel. or the fulfilment of those conditions is wholly within the control of the charfty and it is pff)bab that these o)nditions will be fuffillèd in the reportlng perio(J. Charftabl• •ctM¢Igs Al incom8 from tharitsbte activitiès is tecognised once there k a legal or rJ)nstructivti entitlement to that income and is recognised in the year to which it relates. AJI othèr income represents tax credits receivable in respect of theatre tsx rdigf and is r•cognised In the year to which it relates. EXndIture l expenditure is recognised once there is a legal or ¢x)nstnJdive obligation to that expendtbjre. it IS probable setJement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure hèading that aggregate similar IStS to that category. Where costs callnol be directly attriiNJted to particular headings they have been all¢)cated on a basis cJ)nsistent Imth the use of resoLtrces. with central stsff costs allocated on the basis of time spant, and depreciation tharges allocated on th6 portion of the assevs use. Other support ¢X)sts ar8 alk)rAted based on Ihe swead of staff ¢osts. Charitable activitl•s Charitable expenditure o)mprises those costs incurred by the tharity In the delivery of its activibes and $gwi¢os for benèficieries. It In¢ludtss both costs that Gan be alloTxl¥d tJireGUy to such aCtnI&s and those costs of an indlrect nabJre necessary to support them. Support ¢osts Support costs induda central funciions and have beèn allocated to acliwty cost (*tegories on a basi5 nsistent with the use of resources, for example, allocating propaty (ts by 11(x)r areas. or per caplla, staff ¢osts by the time spant and other costs by their vsaga. Governanco costs These include the costs attrsbutsble to the charitys MplIan wlth cx)nstitutional and statutory requirements, including audr(. strategic management and trustees meetings and Trimbursed 8xp8nses. Tanglbl• fixod assots Indivldual fixed assets costing £1(KI.00 or more 8re initially rerrdOd at cost. Pagg 12
Jones the Dance Cyf Notes to the Flnanclal Statements for the Year Ended 31 March 2024 D8preclation and amortlsatitsn Depreciauon Ss provided on tangible ffixed assets so as to write off the U)st or valualion, less any estimated residual value. over thelr expected useful economic life as follows: Ass•t cla88 Equipment Deprecration method and rnt8 25% reducing balance method Trado dobtors Trade debtors are amounts due from customers for merchandise sold or seNices perfomied in the ordinary o)urse of busines& Trade debtors are reo)gnised inibally at the transactlon prtce. Th&y are subsequenlly mgasured at amorttsed cost using the effective interest method. less provision for Impainnent. A provision for the impairment of trade debtors is established when there is ob5ective evidence that th& charity will not b8 able to ¢XJllect 811 amounts due according lo the origin81 tern7s of tho receivables. Cash and ca¥h •qulvalents Cash and cash equivalents comprise cash on hand and bank d8PO&t& Trad• ¢redltoYs Trade creditors arg obligatsons to pay for goods or seNices that hav8 boen acqulred in the ordinary rxjurse of business from suppliers. Accounts payable are cjassified as current liabilities rf the charity does not have an uno)ndith¢)nal right, at the end of the reporting peri¢)d, to defer settlement of the creditor for at least tsvelve months after the reportsng date. If there is an UncndItiOnal right to defer settlement for at least twalve months after th8 reportlng de. they are pr&Sen as nOnrrent Iiaiiilib"es. Trade cedrtors ar8 recognised inltlally at th8 transaction prfce and SubsequenY measured at amortised cost using Ihe effective intgresl method. Borrowings Inleresi-beafing tjormwlngs ar8 Inili81ty TgC#)rded at falr value, net of transaction costs. Inler8St-bearing borrowngs are subsoquently carried at amortised cost, wtth th8 dIffenCe betsveen the proceeds. net of transaction costs, and the amoLtnt due on redemption being rec#)gnised as tharge to the Statement of Financial Activits8s over the perh)d of the relevant borrowtng. Interest expense is recognised on tha basFS of the effective intsrest mathod and Is includod In interest P8yable and sNmllar tharges. Borrowings are c18ssified as current liablllties unless the charity has an unconditional right to def setllemeftt of the liability for at least Iwelve months after the reporting date. Page 13
Jones the Dance Cyf Notes to the Flnancial Statements for the Year Ended 31 March 2024 Forelgn •xchangg Transactions in foreign currencies are recorded at the rale of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign rrenCieS at the bal8n(x sheet date are reported at the rales of exchange prevailing at that date. The results of overs&8s operations are trydnslated at the average rates of gxthange during the perfod and thèir sh8•ts at the ratos rulin9 at the balanco shaet date. Exchange diffcroncès ari3Èng on translation of the opening net assets and resutts of overseas operations are reported in other comprehensive Inc78 and accumulated Hi equty {athlbuted to non-controiling irrterests as appropriatel. Fund structure Unrestricted income ftjnds are general funds that aro available for use at the trustees dISeon in furtherance of the objectives of the charity. Restricted Income fijnds are those donatgd for usa in a p8rticular area or for spgctftc purposes. tha use of which is r05tricted to ihat ar8a or purpose. Finan¢lal InstNm•nts Classfficatlon Financial assets and financial rtabllittes are recognised whan the chartty b6CceS 8 paty to the ¢ontractual provisiorts of the instTumenL Flnanctai ltabi1rtS and equty instruments are dassified aCrdIng to th8 substan of the contractual arrangements enteied into. An equity instrument is any contract that evidences a residual Interest in Ihe assets of th6 charity aftar deducting all of its liabilities. Re¢ognitlon and measurfjment JI financial assets and 1tabi1f(S 8re initsally measured at transactlon price [Includlf¥J transaction Jgtsl. except for thos• financ491 assets ¢lassificd gs ot fair velue through profft or losts, whiGh are initially measured al fair v81ue (which is normally the transaction price excluding transaclitsn costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction. the financial asset or finanual liabillty k8 measured at the presen value of the futur8 payrnents di$c¥)unted at a market rate of intergst for a similar debt instrumenL Financial assets and liabiltties are only offset in the statement of financial POSFLKJn when. and onty when there exists a legalty enforceable right to set off Ihg regnised amounts and th8 Gharity Intends elther lo settle a net basis, or to realise the asset and settle the Ilabllity simuttaneously. Financlal assets ar8 derecognised when and onty when a) the e¢Jntractual rfghts to the cash fiows from the financial asset expire or are settlèd. b) the charity transfers to another paty substantially all of the risks and rewards of ownership of the financial asset, or c} the charity. despite having retained some, but not all, significant rfsks and rewards of ownershlp. has transferred control of the asset to another paty. Flnancial liabilities are derec#)gnised onty when the obligation specrfled in the contract Is discharged, Canlled or expires. Page 14
Jones the Dance Cyf Not•s to the Financlal Statements for tho Year Ended 31 March 2024 3 Income from donation$ and legacles R•stri¢tsd fiJnds T¢)tal 2024 DonatK)ns ond legacies,. t)on¥tiont from indivlduals 21)0 200 2CKJ 200 Total 2023 4 Incomo from ¢harltsble a¢tlvlti•8 Unrastrfcted funds Gèneral Ra$trict•d funds Total 2024 Total 2023 Grants Primary pUOSe tradlng Other 194,753 194,753 93,360 3,014 22,783 45,498 45,498 45,498 194,753 240 251 119.157 5 Exp•ndltur• on charitsble actlvttles Unr•strfcted funds General Total 2024 funds Promotion ofdrama and Éh8 arts located support costs Govemance costs 3.495 2,393 1.250 148,249 8,960 151,744 11,353 1,250 7,138 157,209 164,347 Unrèstrl¢t•d funds General Rttstrfctod funds Totsl 2023 Promotion of drama and the arts located support cosls Govgmanc8 sts 1,891 2,214 1,050 5,155 83,295 5,377 85,186 7,591 1,050 88,672 93.827 Page 15
Jones the Dance Cyf Notes to the Flnanclal Statements for the Year Ended 31 March 2024 Grant fvnding of actlvlty 2024 Promotion ofdrnma atMI the arts 163,097 Grant fundlng of a¢tivlty 163.097 2023 Promotlon of drama and tho arts 92,777 92.777 In 8ddiilon to the exponditure anal ab)ve. ther8 are also goveman¢e ¢osts of £1.250 (2023 - £1,050) whk relate direcuy to oharit8bl8 activithes. See rnte 6 forfvrther d&lall8. Page 16
Jones the Dance Cyl Notes to the Flnanclal Statemonts for the Year Ended 31 March 2024 6 Analysls of gov•rnanc• and support costs Charltsbte actlvttlos •xp•ndltur8 Unrestrlct funds General Restrfct•d Total Basls of allocatlon funds 2024 Advertising and promotion Insutance costs Bank and cam81 charges Sundry costs Depreciation Webs5te and storage Travelling subs)On8 5,552 478 5,552 1,324 122 177 71 933 1.110 134 1,232 1.300 533 1.3(K) 2.393 11.353 Unrnstrictod fvnds Réstrfctad Basls of allocatlon Genéral funds 2023 Adverbsing and promoilon Deslgn and prlnfjng Insuran¢e costs Bank and camet charges Sundry sts Deweciation Web8lte and st¢)rag8 Meetings Travelling Subscrwitlons 1.207 36 1,207 195 159 67 201 94 229 135 256 228 1.407 1.474 201 -831 135 1,820 1,060 7.591 1,564 832 2.214 5,377 Basls of allocatlon R•f•rnnea M•thod of allocatlon Direot attribution P8ge 17
Jones the Dance Cyf Notes to the Flnanclal Statements for the Year Ended 31 March 2024 Governance costs Unrestrfctsd funds Gon•rnl Total 2024 Total 2023 IntJepen(Jent exarniner tees Examination of the financial statements other fees paid to examiners 950 300 950 300 250 1,250 1,250 1,050 7 Gov•rnmgnt grants Business Development The project supported us lo carry out business development and plennlng for 2023 to 2027 through which wa were 8ble to Lxjnsolidate %thete we have been, where we want to go and lo devekjp plans on we VMII 98t thern. Y Oèwis (formarty Film Projeotl The development and creation of an Interaciive mukli ingual dance film that intersects wlth live perfOance, followlng the stories cf fwe characters through spoken word and dance. The aucfienws Ch¢$ what they see. sh8pln9 the live performance event into a unique expedenc8. Sweden Residenci8S Tha devek)pment of our relationshlp as JtD wlth a Swedish producer, and skJnlfficant dance slitutions In 8oulhvin parl vl Swedtt¥i. Ttrie W* tti begin inlual 5tsge5 and explordtton Into collaborattonlproductson whlch %VdS a¢hieved through conjoined resldencies in this ¢ontemporary dance focu$ed project. Tho amount of gr8nts rec¥Jgnised in the ffnancial slatements was £194.753 (2023- £93.3601. 8 Nat Incomlngloutgolng r•8our¢•$ Net inrnIng resou for the year irdude: 2023 Depreciation of fixed asset8 134 Page 18
Jones the Dance Cyf Notos to the Financlal Statements for the Year Ended 31 March 2024 9 Trustees ramuneration and •xp•n¥ During the ar th8 charity made the following transa¢tions with trustees.. HLam £Nil12023: £318) of expenses were ftrimbursed to H Lam durfng th8 year. Paynent of expen3e8 forAwoy Day. LM Bos88tt £Nil (2023: £801 of expanses were reimbursed to LM Bassett durlng the year. Payment ofexpenses for Away Day. No Irusle8s, nor any petsons connected them. have receiwj any remuneratton from the charity during th¢ year. No trustees havg received any reimbursed expenses or 8ny other b8neffts from thg ¢harity during the yeai. 10 Ind•pondent oxamln•es ramuneratlon 2024 2023 Examin8t)n of the financial statements 99) Othar faes to •xaminors Taxation compliarKe servic8S 250 Page 19
Jon•s tho Dance Cyf Notes to the Flnanclal Statements for the Year Ended 31 March 2024 11 Taxatlon The Gharty is now 8 registered chaty and is therefor8 now 8xempt from tsxatlon. 12 Tanglble fixed assets Filrniturn ana equipmont Total Cost Al l April 2023 Additions 1,691 500 1,691 At 31 Marth 2024 2.191 2.191 Depreclation At 1 April 2023 Charge fr)rthe 1.409 134 1,409 134 At 31 Marc* 2024 1,543 1.543 Ngt b¢)ok valu• At 31 March 2024 At 31 March 2023 282 282 13 Debtors 2024 2023 Trade deblors other debtors 167 45,633 45,800 500 22,783 23,283 14 Cash and cash equlvahnts 2024 2023 Cash at bank 73,935 20,175 Page 20
Jones the Dance Cyr Notes to the Flnanclal Stat•ments for the Year Ended 31 March 2024 15 Creditors: amounts falllng due wlthln on• y•ar 2024 2023 Trade credrtors Ac¢xuals 2,230 1,766 1,150 2,916 3,455 16 Funds Balanc# at 1 Aprfl 2023 Balance at 31 March 2024 Incomlng Ra80urcas expended Transf•rs Unr•strlct•d funds General General Fund 35.887 45,498 (7.138) (10,086) 64,161 Rostricted funds iCoDaCo Business Development Y Dems IfoFmerly Film Project) Sweden Residencles Young Company National Grid 4,380 1,025 (2.429) (2.548) 1.951 1,110 2,633 2,304 100.523 (112.476) 10.086 437 705 41.964 6.600 81,720 6,600 (39,7561 Total rn8trict•d funds 4.937 157,209 10,086 52,767 Total funds 240,451 164,347 116.928 P8ge 21
Jones the Danc6 Cyf Notes to the Flnanclal Statements for the Year Ended 31 March 2024 Balance at 1 April 2022 Balan¢9 at 31 Marc 2023 Incomin9 Rosour¢os rn$oUr oynd•d Transhrs UnmtrlGt•d funds General General Fund 15.494 23,283 (5.1551 2,265 35,887 RoStrl¢t8d Shadow of a Quiet Society Business Developrnenl Y Oewis (fomierly Film Proiectl Quiet Beats & Jones Ba Sweden Residen¢ies Itaty Residendes S.0 9,225 (5,000) 200 (6,792) 2,633 59,600 72.180 157.2961 113.798) (6.943) 1,618 319 Total rostrldod funds 88,672 2,265 4.937 T¢)tal funds 15,494 119,157 93,827 40.824 Page 22
Jones the Dance Cyf Notss to the Financlal Statements for the Year Ended 31 March 2024 17 Analysls of not assets between funds Unrestrlctsd funds Gengral Total funds at 31 M¥T¢h 2024 Ro$tri¢tod funds Tangible fixecl ¥$sèts Current assets Current liabilities 211 65,375 1.225 437 648 119,735 3.455 2,230 Totsl nel assets 64,361 52,567 116,928 Unrestrictad thjnds General Total fund8 at 31 Mar¢h 2023 R•strlct•d funds Tangible ffixed assets Current assets Cuffent liabilities 282 36,922 1,317 282 43.458 2,916 6.536 1,599 Total net assets 35,887 4,937 40,824 18 Analysls of net funds At 1 Aprfl 2023 Flnancing cash Ilows At 31 Marth 2W Cash al bank and In hand 20,175 53,760 73,935 Net debl 20,175 At 1 Aprll 2022 53.760 Flnan¢ing cash IIow5 At 31 March 2023 C8sh 8t bank and In hand 2,086 18,089 20,175 Net debt 2,086 18,089 20,175 Page 23