2023-03-31-accounts

CONTENTS			PAGE
Reference and Administrative		Details ofthe Charity, itsTrustees and Advisors
Trustees' Report			4-10
Independent Auditors'	Report	on the Financial Statements	11-13
Statement ofFinancial	Activities		14
Balance Sheet			15
Statement ofCash Flows			16
Notes tothe Financial	Statements		17-29

Trustees				John Houlden	(Co-Chair)
				Richard Woods (Co-Chair)
				Peter Shenton
				Monique Morgan
				Dr Farai Pfende
				Jerrel Jackson	(resigned	February 2024)
				Joanne Belton	(resigned	March 2023)
				Sonia Sabri (resigned December 2022)
Charity registered			number	1196368
Registered	ofAce			Birmingham Hippodrome
				Thorp Street
				Birmingham
				B54TB
Independent		auditors		PWH Accounta ncy Limited
				The Counting	House
				High Street
				Lutte rworth
				LE174AY

		Note No.	Unrestricted	Restricted	Total
			Funds	Funds	Funds
Income from:			31-Mar-23	31-Mar-23	31-Mar-23
			E	f	f
Donations and legacies on formation			1,169,901	1,182,359	2,352,260
Other donations			696,398		696,398
Charitable activities			207,475	317,388	524,863
Investments			5,043		5,043
Other income			58,802		58,802
Total income:			2,137,619	1,499,748	3,637,367
Expenditure on:
Charitable activities		6-11	(979,180)	(503,327)	(1,482,507)
Total expenditure:			(979,180)	(503,327)	(1,482,507)
Net Income/(expenditure)			1,158,439	996,420	2,154,860
Transfers between funds		17	264,726	(264,726)
Net movement in funds			1,423,165	731,694	2,154,860
Reconciliation offunds
Total funds brought	forward	17
Total funds carried	forward	17	1,423,165	731,694	2,154,860

ERIOD ENDED AT3	1MARCH	2023
		Note		31-Mar-23
Fixed assets				E
Tangible asset		13		380,068
Fixed asset investments		14		4,630
				384,698
Current assets
Debtors		15	168,794
Cash at bank and in	hand		1,883,636
			2,052,430
Creditors: amounts		16	(282,267)
falling due within one
year
Net current assets				1,770,163
Total net assets				2,154,861
				31-Mar-23
Charity funds				f
Restricted funds		17		731,695
Unrestricted funds
Designated funds		17		1,010,205
General funds		17		412,961
Total unrestricted	funds	17		1,423,166
Total funds				2,154,861

HE PERIOD ENDED AT31M	ARCH 202	3
				31-Mar-23
			Note	E
Cash flows from operating	activities
Net cash used in operating	activities		19	1,881,617
Cash flows from investing	activities
Interest received				5,043
Purchase oftangible assests			13	(3,023)
Net cash used in investing	activities			2,020
Change in cash and cash equivalents		in the year		1,883,637
Cash and cash equivalents	atthe beginning ofthe year		25
Cash and cash equivalents	atthe end	ofthe year	25	1,883,637

2	Donations and legacies	Donations and legacies			Unrestricted	Restricted		Total
					funds	funds		funds
					31-Mar-23	31-Mar-23		31-Mar-23
					f	f		f
	DanceXchange Limited				715,204	578,152		1,293,356
	Dance4 Limited				454,697	604,208		1,058,904
	Birmingham City Council				7,892			7,892
	Arts Council - Core				688,000			688,000
	Other donations				505			505
	Total				1,866,299	1,182,359		3,048,658
3	Charitable Activities				Unrestricted	Restricted		Total
					funds	funds		funds
	Income from fundraising		events		31-Mar-23	31-Mar-23		31-Mar-23
					f	f		f
	Birmingham International		Dance	Festival	114,794			114,794
	Centre for Advanced Training					245,254		245,254
	Critical Mass &legacy	activity				55,554		55,554
	Arts Connect/Beyond	Borders			4,787			4,787
	Dance Hub Birmingham					12,328		12,328
	Birmingham Pro Class					3,397		3,397
	Dance Class/Workshop	Income			48,195.88			48,196
	Outreach/Educational	income			12,250.00			12,250
	Performances —BoxOffice				1,948			1,948
	Partner contributions-Stomping			Ground	24,500			24,500
	Partner conttributions-Jerwood			Arts	1,000			1,000
	Miscellaneous Income						856	856
					207,475	317,388		524,863
4	Investment Income				Unrestricted	Restricted		Total
					funds	funds		funds
					31-Mar-23	31-Mar-23		31-Mar-23
					f	f		f
	Bank interest				5,043			5,043

						Unrestricted	Restricted	Total
						funds	funds	funds
						31-Mar-23	31-Mar-23	31-Mar-23
						f	E
	Services and other		income			5,225		5,225
	Studio Hire					53,578		53,578
						58,802		58,802
6	Cost ofCharitable		Activities			Activities	Support
						undertaken	costs	31-Mar-23
						directly	(note 7)	Total
							f	f
	Other charitable	activities			Note7	87,311	744,293	831,604
	Performance &Workshops					500,581		500,581
	Governance costs				Note8		150,321	150,321
						587,892	894,614	1,482,507
	Ofthe above expenditure			f992,008was attributable		to unrestricted	funds
	and f419,919was attributable				to restricted funds.
7	Cost ofCharitable		Activities: Support costs
								31-Mar-23
								Total
								f
	Staff costs							558,236
	Rent and rates							(10,051)
	Light, heat and service charges							79,120
	Repairs and maintenance							2,075
	Insurance							2,612
	Motor and travelling		costs					6,543
	Communication	and	information		technology			8,930
	Printing, postage	and	stationery					2,572
	Hire ofEquipment
	Depreciation and loss on disposalof fixed assets							19,136
	Other costs							4,316
	Legal expenses							1,674
	Bank charges							3,424
	Bad debts							(32,384)
	Marketing costs							72,419
	Governance (note 8)							150,321
								868,943

Governance	Costs			Total
				funds
				31-Mar-23
				E
Wages and	salaries			118,838
Auditors' remuneration				6,345
Legal and professional			fees	13,854
Insurance				871
Other costs				2,969
Telephone				1,057
Printing, postage		and	stationery	857
Computer costs				3,439
Hire of equipment				487
Depreciation	and	loss	on disposal offixed assets	1,605
				150,321

9	Net Outgoing	resources forthe year	31-Mar-23
			E
	Net outgoing	resources isstated after charging:
	Depreciation		20,741
	Auditor's remuneration		6,345
10	Employees		31-Mar-23
			E
	Employment	costs
	Wages and	Salaries	558,715
	Social security costs		53,480
	Pension costs		12,014
			624,209

			long-term	long-term
			leasehold		Dance	Furniture	&	Computer
			property		equipment	fixtures		equipment	Total
					E	E		E	E
	Cost
	Transferred	from Dancexcha nge Limited			3,277		40	13,914	17,231
	Transferred	from Dance4 Limited	278,105		62,104	25,561		14,785	380,555
	Additions							3,023	3,023
	As at31March 2023		278,105		65,381	25,601		31,722	400,809
	Depreciation
	Charge forthe year			9,565	4,758	1,726		4,692	20,741
	As at 31March 2023			9,565	4,758	1,726		4,692	20,741
	Net book value
	As at31March 2023		268,540		60,623	23,875		27,030	380,068
14	Fixed asset	investments
			Shares in	other
			undertakings
			E
	Cost
	Transferred	from Dance4 Limited		4,630
	At31March	2023		4,630

15	Debtors: Amounts	falling due within one year	31-Mar-23
			f
	Trade debtors		89,978
	Otherdebtors		58,666
	Prepayments S.Accrued income		20,150
			168,794
16	Creditors: Amounts	falling due within one year	31/03/2023
			f
	Trade creditors		142,684
	Other taxation and	social security	19,373
	Other creditors		501
	Accruals and deferred income		119,709
			282,267

Statement ofFunds
			DanceXchange				T'fer between	Carried
			Donation	Dance 4Donation	Income	Expenditure	funds	forward
						6		6
UNRESTRICTED FUNDS
General			147,705	103,656	852,925	(911,537)	220,212	412,961
Designoted Funds
Stability Reserve			120,000				130,000	250,000
Birmingham intern'I Dance Festival /Dance Season			321,018		114,794	(27,536)	(67,000)	341,276
International Showcasing				249,581				249,581
Artist Development			66,465			(40,108)	(26,357)
Artistic Progra mmes				26,783			(26,783)
Participation			14,898				(6,688)	8,210
Future Business Development			28,919					28,919
Organisational Development				2,458			57,542	60,000
COVID Recovery			16,200				(16,200)
Workspace Fund (Capita Ifund	re repairs)			62,219			10,000	72,219
Accommodation Feasibility				10,000			(10,000)
RESTRICTED FUNDS
Centre forAdvanced Dance Training		(CAT)	264,279		245,254	(190,200)	(131,584)	187,749
Beyond Borders			7,888				(7,888)
Critical Mass &Legacy Activity			142,842		55,554	(143,216)		55,179
Dance Hub Birmingham			160,818		12,328	(73,798)		99,347
BIrmingham Pro Qass			2,325		3,397	(2,026)		3,696
Capital Development (iC4C) International				407,863		(13,408)	(70,058)	324,397
UK Dance Network (Managed	Fund)			14,193		(8,837)		5,355
DMU Research Partnership				15,000			(15,000)
Showcasing				38,029				38,029
NottDance				97,102	856	(66,655)	(31,304)
Organisational Development				1,117				1,117
Participation Projects				8,892			(8,892)
Re-Framing Dance				15,706				15,706
Selfhood practices				6,306		(5,186)		1,120
			1,293,356	1,058,904	1,285,107	(1,482,507)	0	2,154,861

	General	Restricted	31-Mar-23
	funds	funds	Total
	E		E
Fixed assets	380,068		380,068
Fixed asset investments	4,630		4,630
Net current assets	1,038,468	731,695	1,770,163
	1,423,166	731,695	2,154,861

			31-Mar-24
Net income forthe year			2,154,860
Interest received			(5,043)
Depreciation			20,741
Loss on disposal offixed assets
Decrease /(Increase)	in debtors		(168,794)
Increase in creditors			282,267
Other non-cash adjustments			(402,414)
Net cash flow from	operating	activities	1,881,617

		Land &	Other
		Buildings
Amounts	payable:
Within 1year		33,700	25,564
Between	1-5years	148,830	44,480
After more than 5years		652,369
		834,899	70,044