## ## |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| ## ##