fabric FABRIC CIO TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
FABRIC CIO CONTENTS PAGE Reference and Administrative Detsi15 of the Charity. its Trustees and Advisors Trystees. Report 4-18 Independent Auditors. Report on the Financial Ststements 19-23 ststement of Financial Activities 24 Balance Sheet 25 ststement of Cash Flows 26 Notes to the Financial Statements 27-36
FABRIC CIO REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED AT 31 MARCH 2025 Trustees John Houlden (Co-chair) Richard Woods (Co-chair) Peter Shenton Monique Morgan (Retired 1 Dec 25) Dr Farai Pfende Ann-marie Pugh Shirfey Lundstram Eva Martinez Charity registered number 1196368 Registered office Bim)ingham Hippodrome Thorp Street Binningham BS 4TB Independent auditors PWH Accountancy Limited The Counting House High Street Lutterworth LE17 4AY Bank CAF Bank Ltd
FABRIC CIO REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2025 STRucfuRE. GOVERNANCE AND MANAGEMENT Governing Document The charitable company is govemed by its Constitution as a Charitable Incorporated Organisation. Its unpaid trustees exercise control and supervision of actiwties and establish policies and priorities. including agreeing budgets and spending plans. thfough full trustee meetings and meetings of sub- committees. Recruitment and appointment of new Trystee5 Qualified. interested and committed indiwduals are recruited to the Fabric Board of Trustees primarily through advertising and advocacy to relevant contacts and networks. in order to reach individuals from diverse backgrounds and attract professionals with specific expertise, thereby ensuring a broad base of skills and experience at Board level. Birmingham City Council have the right to nominate council representatives. Induction and Training of TNstees Initially, potential candidates are invited to meet with the Fabric Senior Leadership and Trustees. in order to discuss the work and vision of the organisation and ascertain what they have to offer and how they hope to develop through their involvement. The Board of Trustees then votes to make a formal appointment. Trustees are kept up to date with changes in charity law and receive training and relevant Charity Commission documentation as and when necessary. Or9anlsational Structure The day-to-day operational actiwties of the charitable company in this period were delegated by the Board of Trustees to a staff team, led by Chief Executive & Artistic Director. Paul Russ, and Deputy Chief Executive. Clare Lewis. along with a leadership and management team working across programmes. communications. finance and operations. Pay Policy for Senior Managers The Twstees and the Senior Leadership Team comprise the key management personnel of the charity in charge of directing and controlling. running and operating the charity on a day-to-day basis. All Trustees give of their time freely and no Trustee received remuneration in the year. Staff pay is reviewed annually by the Trustees. normally in April, and pay increases are applied evenly to all staff at the charity's discretion. Pay reviews for individuals are also considered in line with roles and responsibilities, and, where appropriate, recommendations are made by the CEO to the Trustees. In view of the nature of the charity. the Trustees benchmark against pay levels in other regional dance and arts organisations of a similar size to er6ure salaties are competitive.
Risk Management The Trustees have a risk management strategy which comprises- Review of the principal risks and uncertainties that the charity faces at each Board meeting- The continual review and maintenance of policies, systems and procedures to mitigate those risks identified ID the annual revievr. The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise. This work identified that all risks were actively managed and regularly reviewed by the Senior Leadership Team and Board. Objectives and Activitie5 The charitable company's objects and powers are such that the charitable company is estsblished= To advance the education of the public in the subject of the arts of dance and related arts- and lill For the benefit of the publio to foster and promote the maintenance, developmenL knowledge, understanding. appreciation and opwrtunity to enjoy these arts. Public Benefit Statement The Trustee5 confirm that.. In the exercise of their powers as charity trustees. they have had due regard to the published guidance from the charity commission on the operation of the public benefit requirement and The charitable company works towards a balance of local, regional and national impact. It is committed to enriching the cultural life of the Midlands through creating high quality dance experiences and training opportsjnities that raise aspirations and inspire creativity. and to embedding the social value of dance and movement through strategic interventions that improve the quality of practice in research. creation. perfomiance and participation. The charity engages people of all ages. abilities. and backgrounds as participants and audience member5, and supports artists in the development of their practice and careers, enabling dance to thrive for the health, wellbeing. development and connection of communities. cultures and individuals.
FABRIC CIO REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2025 - CONTINUED REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR Introduction Fabric is a strategic dance development organisation based in the Midlands. with sites in Birmingham and Nottingham. Fomed in August 2022. Fabric was created from the fornial merger of Dancexchange and Dance4. bringing together over 60 years of combined experience. This year saw Fabric developing dance moves people. our 10-year strategy- the first since our merger. Reflecting on intemal and extemal conversations and sector research undertaken since the merger, informed by the regional and national sector ecology, the strategy crystallised our intentions for sector growth. through clear segmentation of our work into four comerstones. shaped by our curatorial values. The Four Cornerstones of Our Strategy Research - holding a space of curiosity driven by the desire to understand more about what dance is. what it can be, and what impact it can have physically. emotionally. socially. culturally and curatorially. Engagement- CatIng an accessible and sustainable environment for organisations, artists and practitioners to connert with people of all ages, abilities and backgrounds, for the joy of dance in all its forms. Sector Development- creating, identifying and supporting conditions for growth through strategic conversations that connect artists. participants. and the work, politically. culturally, and socially. Presentstion and Showcasing- producing. co-producing and championing art and performance with dance and movement at its core. to ensure the artform is recognised for the essential role it plays in the UK'S cultural and creative offering. Values and Approach Our approach is informed by Care. Openness. and Rigour through the curatorial values ofr. Curiosity- an openness to taking risks, being uncertain. and asking difficult questions. Dlsruption - embracin9 risk-taking, action and investmenL that might distupt old or accepted ways of working. Joy- the lens through which everything should be seen and or/approached.
Headline Achievements in 2024-25 We continued to build new systems and working practices, embed fruitful new collaborations and partnerships. and shape plans to support the future growth and development of the organisation and sector. The Fabric team delivered an extensive range of work across our Engagement, Sector Development. Presentation & Showcasing. and Research Cornerstones. resulting in-. 40 residencies for artists in the UK and abroad. supporting the development of their work and practice; 10 Bursaries for Artists from England to attend Platforms abroad, 9 International performance opportunities. 3 Hosted Platforms bringing international promoters to the UL and support for ArtiStS to tske part in 3 International Delegation5. 2.415 classes. workshops. training sessions. rehearsals and CPD sessions generating 35.178 attendances for youth. community and professional participants." 107 performances and events. engaging 18.996 audiences in venue5 and outdoor spaces across the region: 118 artists practitioners. tutors. facilitators. consultants and other freelancers engaged in pald work. Detai15 of delivery across our Four Comerstones are shared below: Engagement Centre for Advanced Training (CAn Hosted at 10 centres around England. the National Dance Centres for Advanced Training (CATS) provide world-leading pre-vocational training for 11-18-year-olds with exceptional potential in dance irrespective of their socio-economic background, breaking the link between background and success. Funded through the Department of Education's Music and Dance Scheme IMDSI. the CAT has grown to become the principal pathway to careers in dance, providing full and partial means-te5ted bursaries to enable attendance by covering training costs. In 202415. Fabric continued to host two of the CAT centres. in the East Midlands and West Midlands, alongside Yuva Gati. a specialist national programme delivered in partnership with Sampad South Asian Arts & Heritage, nurturing young dancers across a tich spectrum of South Asian fomis. This academic year, we supported a cohort of 89 students across both our centres. of which 64 were beneficiaries of vital grant-funded places. The CAT programme is delivered outside of school hours. enabling students to attend alongside mainstream school, complementing their wider study. Receiving individualised supporL students work with the UK'S best dance artists, take part in performance opportunities, and prepare for auditions and professional training - equipping students with the skills and knowledge required to progress to higher
education and on to rewarding careers in dance. 11 out of 12 Fabric graduates this year went on to Higher Education courses, with 6 progressing to further dance training. The programme has a substantial impact on social mobility, enabling students to identify. train for, pursue and become established in caerS that might otherwise be unavailable to them, while inspiring future professionals. °Looking back. having that fvjonciol barrier removed through the Department for Education Grant was absolutely crucial. Without it I wouldn't be where l om today as a working d(Jnce ortist. It's omazing how removin9 one obstacle - cost- con completely change someones path- CAT Graduate & Dance Artist -[CA TJ is on essential dance programme thot 15 doing to more to levd up opportunity in the donce education Scene thon onything etse." CAT Tutor "The CA Tprogromme hos made o profvund difference on my child's lifv ond fvture.. Parent of CAT Student Recreational Class Programmes Fabric continued to offer a wide range of recreational dance classes. for all abilities and levels of experience, as a way to improve wellbeing, connection with others, leamin9 new skills and being active. Class surveys showed ovehelMlngIY positive feedback. Below are some responses to the question. 'how does your class make you feel?.: -more confident, fvlfilled. excited ond eager to return.- "Theyre a blast they make me happy. l in not o greot dancer but I go with people that are there to enjoy themselves rather than get down on themselves for missing steps, I thu7k its o greot time." -It lifts my spirits. and mokes me feel hoppy. It ts often the highlight of my week." -Closs hos been challenging but extremely beneficiol following my spinal injury. It h05 Strengthened my core, leg5 and mobility. l fvel confident andposilive obout my fvture heolth." Applause Youth Dance Femival 2025 This year, we launched a new regional platform. Applause Youth Dance Festival, as part of the U.Dance framework across England. Taking place in Fabric's Studios and The Patrick Studio at Bimiingham Hippodrome on 22-23 March. Applause showcased youth dance from schools and college groups. youth dance companies, private dance Schools and individuals. We welcomed 24 groups and solo performers from across the East and West Midlands. with 250 young people taking part in workshops. career experience talks, technical rehearsals and performances.
Future Shift Youth Company Fabric's inclusive talent development programme Future Shift continued to meet each month. The group perforrned The Twelve la piece commissioned last yearl alongside current CAT (Centre for Advanced Training) students at U.Dance West Midlands in April. The group also created a new performance piece with StopGap's Chris Pavier. which made its premier at Bimiingham Weekender Festival in August 2024. Dance in Schools Fabric's work in schools remained an integral part of our outreach strategy in this period, aiming to extend engagement with children and young people in dIVee communitie5 acr055 our region, and to develop the next generation of audiences. perfomie15. and leaders. Delivering with experienced artists and practitioners. this year we worked with 46 schools to develop the skills, creativity, confidence, and wellbeing of the students. and to inspire the teaching workforce with creative approaches they can use beyond our sessions. This included tN40 Strategic commissions- Fabric worked with Bimiingham Education Partnership to deliver a project with Birmingham Arts Schools delivering four network sessions for Secondary School Dance Teachers, providing training and guidance to support their development of projects in their own schools. We also collaborated with Sports Bimingham and theii SEND schools, netwo to deliver a CPD day building skills in the inclusive delivery of dance teaching, followed by a 6-week creative dance project in four Birmingham-based SEND schools- resulting in at least schools continuing their own dance provision after the project. -The programme has fostered a sense of belonging ond creotive expression. which ha5 been especially beneficiol for students who moy not engage os artively in other extracurricular activities or within the core curriculum that we deliver... School Teocher Sector Development Talking Thinking Danclng It has been an ambition of Fabric since the merger to create space to bring the dance sector together in person, to understand how we can add value to the WO of artists. companies and producers in the region and beyond. The Midlands has an established dance settor, and so in January 2025. 2 years into the life of Fabric, we invited presenters working in the region. the UK and overseas to spend three days with us in Birmingham. Working in partnership with Midlands-based organisations. Dance Consortium. One Dance UK and several dance NPOS and independent artists, Tolking, Thinking. Doncing created a space to celebrate the rich dance offer, to leam about artists. practice. explore opportunities through conversation and networking.. and to hear about future investment for dance and choreographic research. Midlands based artists showcased were.. Motionhouse (HIDDEN). Humanhood IVORTEX), Rhiannon Faith Company (LAY DOWN YOUR BURDENS), Tom Dale Company ISURGEI. 2Faced Dance (Lungs of our City), Jaivant Patel IASTITVA) and Daniel Lukehurst11.2 Punch). Plus a public perfomiance by Fabric Residency
artist Eli Lewis & Joe Garbett IPLUE). Tolking. Thinking, Doncing will now become a biennial even( taking place in Bimiingham as part of the city's dance programme. -Thanks for the invite and hospltality. . I thought the progromme wos good and really apprecioted the round table session& My impression of Fobric is thot ra(sing question5 is important to the orgoni50tion. I don't think there s enough space for debate tn our sector ond shouldyou continue delivering this event I fvel like this is an aspert thot should be tntegrol Delegate, Tony Mills. Artistic Director of Dance Base Critical Mass Legacy Commissions Fabric secured several commissions from United By 22, the Bimiingham Commonwealth Games legacy charity. as a continuation of the Critical Mass Legacy work begun with the Bimiingham 2022 Commonwealth Games Cultural Festival. These included.. Keeping Movtng & PerfOrMon Progrnnpme.. The Keep Moving Programme supported 8 regional organisations and groups to deliver ongoing inclusive dance activity as well as connecting into a Performance Programme which enabled the netOrk of groups to find moments of collaboration and connection. Alongside this. continued professional development ICPDI, advocacy and capacity building were built into the programme. Strength 2 Strength.. Through the Dance Leaders Group IDLG), Fabric secured a third commission to deliver Strength 2 Strength, o series of capacity-building interventions including mentoring, CPD and artist exchange that contribute to our legacy aspirations. seeing an increase in employability for disabled artists and a collaborative regionwide approach to professional and talent development Arttst Development roles: Through our ongoing work with United by 2022. we supported two unique artist development roles for disabled artists. The first of these artists was Choreographer Sander Verbeek. who W0ed alongside Motionhouse to shadow the development of their new work Hidden. which was co-commissioned by Fabric and premiered at Warwick Arts Centre in February. Sander reflected that they gained so much from shadowing Artistic Director Kevin Finnan through the creation and production process - and they are now energised to develop their own choreographic work further. Motionhouse also reflected significant learning within the company in relation to their own choreographic process and the ways in which this can be adapted when engaging with creatives with disabilities as part of the artistic team. The second was with Anjali company dancer. Nick McKerrow. working on his first choreographic piece, an autobiographic solo. Wothing with artists and mentors Gary Clarke and Rachel Liggitt, Nick has reflected that he is now much more confident with the language to advocate for his own wot* and has a clear trajectory for his work. including its marketing and audience development, with aspirations towards touring. 10
Dance Leaders Group (DLGI Spring Summi( April 2024 DLG is an open, independent network of over 3W dance professionals and leaders from across the West Midlands. Driven by a shared commitment to inclusion and equality, members come together with a hunger to collaborate, exchange ideas. and strengthen the region's dance ecology through collective action and shared purpose. The DLG Summit provided a platfom for diverse leaders and voices from across the network to come together. These twice-yeady events have been pivotsl in communicating, reflecting and developing collaborative projects and the network itself. Attendance has grown in recent times from 40 people in Autumn 2023 to 59 people in Spring 2024, with a Maed diversity in the network, including representation from across the region's communities Icatalysed by the Sub-Regional Hubsl, and diversity of attendees. in temis of range of contexts. lived experience and dance forms. As a direct result of this summit a new hub focusing on African and Caribbean dance forms has been initiated and project money been allocated to support a community of dance professionals to come together. The purpose is to strengthen community and foster collaboration between artist5 working with dance fom)s routed in the African Diaspora. The hub aims to connect generations. amplify voices. and ensure African diasporic darsce remains visible, valued, and vital for future generations. Tappin. In Re5earth and Feasibility Residency 2024 Led by Artistic D1ctOr Stephanie Ridings and Creative Producer Lou Lomas. Tappin, In began in 2022 as a mass participatiori tap dancing and storytelling extravaganza, celebrating the stories of the West Midlands and the people who call it home. 130 people from across the region performed to hundreds in Brindley Place as part of Birmingham Festival 2022 and Bimingham International Dance Festival, a documentary film captured the process and stories. and local classe5 were ongoing. Building on this legary. the Tappin In, creative team secured Arts Council England funding for an initial Research and Development phase. working with Fabric from April-june 2024 to test the potential for an East Midlands version of Tappin, In. Fabric hosted the creative team in a residency at our Nottingham site, wothing to develop an East Midlands, strategy and new partnerships. and exploring models of participatory engagement. co- creation. percussive movement & story-telling relevant to the legion - all with an emphasis on health & wellbeing.
Presentation & Showcasing Transition + Transit This was a collertion of enrtching experrences delivered by seven different artists in 16 different moments, taking place in variosjs venues across Nottingham from Thursday 30 May till Saturday 22 June 2024. Curated by Dwayne Church-simms in an intemal secondment to the role, this was a collertion of woths that explored movement. change, the stories we share and the objects that define our past, present, and future. This programme was part of Transfonn. a festival of events and activitie5 celebrating Global Ethnic Majority leadership, creativity and stewardships. a city-tskeover taking place over the summer. in Nottingham. Here & Now Funded by Art5 Council England. Here & Now is a collaboration between Fabric, Battersea Arts Centre and Gateshead International Festival of Theatre. It supports artists creating world-class performance to showcase their work at Edinburgh's festival& connects them with intemational presenters and invests in the resulting onward touring opportunitie& The project's Showcase 2024 was curated through a nomination and selection process, With over 20 arts organisations and programmers from across England invited to nominate performance works that they believed= had strong appeal to intemational multi-artform venues and festivals presenting contemporary performance challenged ideas about what'perfom)ance (reated in England. might look like. in teTrnS of formal innovation, or who 15 making the work reflected the diversity of artists working in England The Showcase of exceptional artists took place at Edinburgh festivals during wlc 19 Augus( with 7 artists being presented. including 5 full tour-ready presentations. The event achieved positive interest in the work, with a view to future touring, commissioning and partnerships. he 5howrase hod on impressively diverse range of artstic conten¢ presenting some of the most relevant ond innovative work I've encountered recently. The pmgramming was refreshingly bold. fvturing pieces that were neither obviou& nor eosy. yet maintoined high produrtion volues thot seemed sellable to an international morkeL" Stakeholder Feedback Co-presentations 8 companies.. Seven Circles-club Origami, Rendez-vous Dance- The Monocle. Aura Fonseca- Transperformativity, QDance- Re-INCARNATION (Dance Consortium). Harald Beharie - Batty Bwoy, Joshua Serafin - Pearls, DeNada Dance - Mariposa, Womenewer, Russell Maliphant Dance Company. 12
Presentations 15 Companies.. Malik Nashad Shaipe - Goner. Lou Robbin - Bedtime Stories. Gillie Kiemall - Friend. Feet off the Ground - Turning PoinL Yos Clark- This Ideal Life. Bullyache - WHO HURT YOU? Black British Ballet. Chad TaOr- Closer to my Dreams. David Russel - Swan BreaL Walker Dance Movement Theatre Tread, Linden Dance Company and Keep Moving / Futu Shift- Uplif( Aurora Bauza & Pere Jou - A BEGINNING #16160, Tom Cassani - Iterations. Hetain Patel- Mathroo. Eli Lewis & Joe Garbett- Plue Co-commissioned work Melisandre Varon - Dirty Nails {les ongle5 noiT5) and Richard Chappel Dance- Land Empathy. UK onward touring support Linden Dance, Jo Bannon, David Russell and Chad Taylor. International Delegations Fabric International provides bursaries to independent artists and producers who are based in England and workin9 in dance. to attend an international marketplace or festival that has a strong presenter presence. We were delighted with the breadth of artists tsking up these opportunities. Details below.. CINARS Biennale.. Fabric hosted and managed a delegation of artists and producers to attend CINARS, Canada's largest arts market- Pepa Ubera, Eleni Edipidi, James Cousins, Liam Francis, Lucy Suggate, Mathieu Geffré, Lydia Wharf, Yolanda Mercy and AtyE. The programme saw delegates engage in a range of meetings with presenters and producers from across Montreal. Canada and the wodd. Fabric hosted a booth as part of a trade fair event and a bnjnch to extend opportunities for delegates to make new connections. This everit was also supported by Cathy Lry. an intemational presenter who supported Fabric in brokering new relationships for artists in Canada and North America. Donce In Voncouver (DIVJ.. Fabric invested in a small delegation of 3 curators (Natifah White. Alexandrina Hemsley and Vanessa Mirza} to attend this edition of DIV, spending time with artists, presenters and producers in Vancouver. This inteNention was focused on supporting emerging curators from the global majority. developing relationships wtth first nations and diverse practices in Canada. Yhis invitotion frtt unique in thot the focus lsn'tOn1Y on a thowcase of finished work but o Ihoughrful opportunity to trovel with o group of artists to experience an internotionol contextfvr donce perfomjance and production. The open-erKled ond self-dwerted noture of the event was really libemting in what can usuallybe high pressure, networking teractIOn Th enabled me to toke my time and show up open to what was in the rtTr)m and what could arise from there. My interoctions with presenter5 ond art15ts all felt verygenuina Thank you.- Alexandrina Hemsley, YEWANDE 103 13
Serendipity Arts Festivol-. Fabric joined a delegation of Birmingham-based presenters and cultural leaders at Serendipity Arts Festival in Goa. exploring relationships that will feed a new iteration of the festival hoped to take place in Bimiingham UL and sow the seeds for potential future collaborations. internat¢onale tanzmesse nny. Alongside The Work Room. Scotland. & National Dance Company of Wales. Fabric hosted and man&Jed a delegation of artists and producers to attend, and fomied part of a UK wider delegation at the world'5 largest marketplace for dance, tanzmesse, in Dusseldorf, Germany. tanzmesse hosts perfomiances, studio sessions and a busy 4-day mat*etplace. Fabric awarded 12 bursaries to support the attendance of England-based artists and producers- Claire Summerfield, Akshay Sharma, Avatara Ayuso, Ceyda Tanc, Gareth Chambers. Hannah Buckley. Michael Johnson, Susan Kempster, Anders M Duckworth. Lola Maury. Yukiko Masui and A¢&E. 9 of these buary holders joined us at the Fabric International b¢)oth, whilst 3 were supported by The Place. London. In addition. three Arts Council National Portfolio Organisations also joined the Fabric booth- Tom Dale Company, Jasmin Vardimon and Stopgap Dance Company. This was an intense experience. relished by all artists and producers who took parL he progromme was well-infomied, supported and prepared by FABRIC .... Pitching gave the oppOrnity to invite Presente ond engage w conversations. There ore olreody a few presenters we ore discussing potential dates in 2025/26. To be port of the Englond delegation ond have an anchorpoint to Start this type of event ts encouroging ond creote5 a safe feeltng which is reolly important as its overwhelming to be at such an event for me. I think it was oll superb 50 not sure where elseyou can improve.. l Thankyou so much again for support.- Bursary Holder, A¢JE Company Thonk you for the opportunty to ottend Tonzmesse for the first lime - ofteryeors of tying to find my woy there, It meant a lot to my proftssionol development ond confidence as o producer and to have access to an international network. Being there at this time reolly boosted me. following a very chollenging fvw years working in the donce in Englond. It hos reinvigorated me and my prorticel- Bursary Holder. Michael Johnson. Producer International Bursaries Fabric supported the following artlsts and producers in 2024 and 2025 to attend a wide range of festivals and international marketplaces. These bur5aTies are part of our commitment to help artists and producers develop their intemational practice and connectivity. Companies.. BULLYACHE. 2Faced Dance Company. Linden Dance Company, Autin Dance Theatre, Alleyne Dance, Alexander Whitley Dance Company. Casson & Friends, Moxie Brawl, Nancy Roberts and Claudia Palazzo. Festivals/Platforms.' Tanz im AugusL Festival Quartiers Danses, Seoul Perfomiing Arts Festival ISPAFI. Hong Kong Perfoming Arts Expo IHKPAX). Yokohama Intemational Performing Arts Meeting (YPAMI. Kroksjs Festival. Belgium, American Performing Arts Platform IAPAP), Santiago A Mil's. Thankyou fvr thts opportunity though. It was truly an (redible experience ond much more voluoble than l ever would have realised. I think it will shope the trajertory of our company and it'5 Something I think we need to try and do more regulorly. build it into our company dget%. Bursary ArtisL BULLYACHE 14
-working wtth Fobric hos been excellent ond we ore very grateful for the odvice and finorjcial support." Bursary Artist. Alexander Whitley 'Attending PAMS with the support of Fobric s internotionol bursory w05 an incredible opportunity to connect with global industry leoder5 and showcase our wort to o diverse ternatIOnal audience. The event wa5 well-organised. inspiring. ond invt71uable for building meaningfvl relationship5 and expanding our artistic reach. Johnny Autin. Artistic Direttor. Autin Dance Theat Studio Sesslons A Presenter Programme. in partnership with Fabric and festivals in the UK Studio Sessions create opportunities to introduce dance artists from England to promoters from the UK and abroad.. Black British Dance Platform performance as part of Let's Dance Intemational Ffontiers - Djoe Tomakloe & Akeim Toussaint Buck. Fierce Festival Studio Sessions- Aura Fon5eca. Lou Robbin. Claudia Palazo, Hetain Patel to 26 International & 14 UK presenters. Dance Umbrella Studio Sessions- Jo Bannon. Tom Cassani. SAY & Hetain Patel to 7 intemational and 44 UK delegates. -It was involuable. As an independent ortist I con't offord or support trovel to internationol fr5tivo15 that l in notpresenting work in 50 my opportunities to network ore limited. Thif opportunity was very needed ondusefvL- Jo Bannon International Onward Touring and Mobility Support As part of our Fabric International programme. we offer support to dance artists from England, to realise international invitations through mobility funds and redsjcing financial barrie to collaborations abroad. This year we supported these artists to present works at festivals and platforms across the world.. Second Hand Dance- ASSITEi Korea International Summer Festival- Akeim Toussant Buck - Akropoditi Festival, Greece,. Chisato Minamimura- SPAF. Korea.. Say- Festival Quartiers Danse5. Montreal,. Ray Young - CAM PO in Ghent, Belgium in partnership wth VIERNULVIEFi Avatara Ayuso - ANGEL v at Festival Ellas Crean. Spain.. Eve Stainton - Dansehalleme. Denmark,. AtyE at tsnzmesse and CINARS. "l in incrediblygrotefuL Both the opplicotion pro$$, reply time ond odvonce of payment were done with core and prompdy. really thinking about the needs of the freeloncers. Tht7nks so muchl" Bursary Artist, Avatara Ayuso We ore reallygrotrful for the work FABRIC is doing supporting UK danre artests to toke their ¥vork internationally and grow their network- The Place, London 15
Research Jenvood Choreographic Research Project Funded by The Jerwood Foundation. the Jerwood Choreographic Research Project (JCRPI. seeks to create a collaborative space urgently required to support dance artists and the dance sector to re- imagine the future of dance Practices in this nvN POSt-pandemic. post-Brexit era. The project aims to supwrt artists/companies in their choreographic research, investigating new ideas and thinking in choreography. to expand knowledge and prartice in the UK and beyond. In a competitive arts funding Syste this project provides vital investment to advance choreographic research. This year. as part of the development phase. an artist advisory group was invited to support the design of this ambitious project and the selection processes. to consider what a human-centred, democratic. inclusive and fair process might be during times of high competition_ An open call sought proposals from artists who work in dance and want to investigate new ideas. knowledge. fonns. techniques and approaches to dance or choreography- and 16 artists were selected to be part of Phase 1 of the project which will be delivered from April to August 2025. Fabric Residencies Fabric's residency programme continued to provide artists based in the UK with money. space. and stsff time to explore new ideas and support the realisation of projects. Reflecting OLsr ambitions to inspire people through dance. transfoming lives, communities and p13ce5. these substantial resideniies are part of our strategy to improve the working conditions of artists and to invest in new research and creation that will engage and resonate with audiences in fresh and different ways. This year we hosted.. 10 Supported Fabric Residencies: Scottee & Lea Ander50n. Lou Robbin, Alexandra Hemsley, North X North. Elinor Lewis & Joe Garbett Shivaangee Agrawal. Aura Fonseca, Ashley Jordan. two CROWD international exchange residencies. 10 Production-related residencies= Yos Clark, Janhavi Sharma. Hannah Alvey. Break Mission, Melissandre Varin, Feet off the Ground. Bullyache, Daniel LukehutsL Akeim Toussant Buck and Tappin, In 2025 Artists 12 In-Kind-Space Residencies= Sua Tsubokura-Aguiriano, Mattias Speding, Turned on its Head l Liz Clarke, Cristina D'Alberto, Anita HaNery-Wame. Kerryn Wise. Katie Kelsey & Amanda Schofield, Ray Young, Bianca Mikhail & Harry Theadora Foster. Autin Dance Theatre, Northem Rascals and Depi Gorgogianni The team supported this diverse cohort of artists, perspective5 and engagements. enabling them to develop their research and successfully connerting them with audiences and partners. Fat Dance S Danp Gorda Funded by British Council, this is an exchange project between tsvo prominent fat choreographer- performers. Gillie Kleiman IUKI and Jussara Belchior (Brazil), working with performers locally in the Midlands UK and Sao Paulo Brazil. and with documentary filmmaker Magdalena Hutter. 16
A collaboration between Fabric and Corpo Rastreado (Brazill. the project contributes to the development of a multinational artistic community focused on fat dance. The field of dance has long Ignored the marginalisation of fat people.. Fat Dance | Oan[a Gorda is an opportunity to focus not only on inclusion but on fat embodiment's relevance for the fields of dance and choreography. Creative development work and exchange began in this period, ahead of project delivery next year. Artist Researcher Engagement Fabric began its year-long engagement with Artist Researcher Lucy Su9gate. investigating how an individual artists. practice can support the leaming and development of Fabric's approach to community engagement and choreographic research. Archive Researth Project Andi Johnson is the Arts Humanities Research Council Midlands4Cities Collaborative Doctoral Student working (2023-20271 on a PhD project Reflecting Organisational Transfomation through New Curatorial Practice. Their research primarily focuses on dance and archives. with a specific concentration on digital archives and ephemerality. Embedded within the Fabric team, Andi is developing collaborative methodologies for curation of the Fabric archives. Management Knowledge Transfer Partnership {Krp) Funded by Innovate UK. Fabric began a collaboration with De Montfort University on a Management KTP to develop new business opportunities and enhance our digital infrastwcture, optimising data management and CRM (customer relationship management) intelligence systems and processes. A key objective is to explore new services that may fuel growth for Fabric and empower the sector. Our Associate, Ebenezer Apata. joined the team in February 2023. working with us until August 2025. 17
FABRIC CIO REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2025- CONTINUED Financial Review The charitable company's principal funding sources include a core revenue grant from Arts Council England as detailed at note 2 to the financial statements. In addition, the charitable company is in receipt of a significant amount of grant funding some of which is restricted in nature and this is detailed at note 3. The charitable company also generates its own income through studio hire and class/workshopltraining activities and dance-related related commissions and services. Total incoming resources for the period April 2024 to March 2025 were £3.064.989 - comprising £1.071.127 Restricted,. £305,262 Designated.- £1.6,600 Unrestricted. Totsl resources expended Idetsiled at notes 6 to 91 were £2,883.601. At March 2025, the Funds Balance carried forward was £2.504.933 - comprising £724,295 Restricted: £1.407.758 Designated. and £372.880 Unrestricted reserves. ReseTve5 Policy The income and expenditUTe of FABRIC fluctuate5 according to the pattem of grant and project income obtained. As FABRIC employs a number of staff. the Board of Tnjstees considers that reserves are needed to provide for an orderly wind down in the event of an unexpected reduction in funds obtained. FABRIC is also required. on occasion, to incur the costs of developing and researching wot* before the grants which have been awarded. and other related income. is actually received- the charity theiefore needs a level of reserve for cashflow reasons. An analysis of relevant liabilities is carried out annually to determine an appropriate level of reserves for the organisation's scale of operation.. this is then approved by the Board of Trustees. This 'specific stability reserve, is cuffently set at £2SO.CI)o. Any unrestricted reserves over and above this amount will be d1cted into the organisation's activity. or will be set aside for specific projects. organisational devdopment. refurbishmenL investment and capital expenditure as agreed with the Board of Trustees on an annual ba515. Going Concern Statement The Trustees take into account the guidance issued by The Financial Reporting Council on Going Concern and Liquidity Risk. Guidance for Dirertors of UK Companies (Ortober 20091 in respect of assessing liquidity risl other uncertainties and key assumptions sufficient to indicate why a going concem basis has been adopted. FABRIC CIO was formed from the merger of DanceXchan9e and Dance4 on 8 August 2022, at which time all assets and liabilities of both organisations were transferred to FABRIC FABRIC is supported by regular core funding secured from Arts Council England, along with other income. At the balance sheet date the charity held significant cash balances and has significant reseNes which are sufficient to absorb short-term in-period deficits if required. At the time of signing the accounts. the Trustees ha considered the going concern position, and this indicates that the charity will continue to operate for a period of at least 12 months from the date of signing these accounts. based on the levd of funds secured. On that basis the Tnjstees have prepared these financial ststements on a going concem basis. 18
FABRIC CIO REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2025 - CONTINUED ststement of Directors. and Trustees. Responsibilities The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Acc(yJnting Standards (United Kingdom Generally Accepting Accounting Practice). Charity Law requires trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable cofflpany an(1 of the irKoming resources and application of resources including the income and expenditure, of the charitable company for that period. In preparing these financial statements the trustees are required to.. Select suitable accounting policies and then apply them consistently. Observe the methods and prirhciples in the Charities SORP, Makejudgernents and estimates that a reasonable and pruden¢ State whether applicable UK accounting standards have been followe4 subject to any material departures disclosed and explained in the financial statemÈnt& and Prepare the financial statements on the going concern bJ5is unless it is inappropriate to presume that the charitable company wll contire in businesg The trustees are re5pon5ible for keeping adequate accounting records that disdose with reasonable accLJracy at any time the financial position of the chaiitable company and enable them io ensure that the finanoal stalemenls comply th the Companies Art 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud ar other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable comp3nls web51te. Le9islation in the United Kirydom govemir¥J the preparation and disseminatson of financial statetnents may differ from legislation in other jurisdiction In so far as the trustees are aware.. There is no relevant audit inlom)ation of which the charilable ccKnpanYs auditors are unaware,. and The trustèes have taken all step5 that they ought to have tsken to make themselves aware of any relevant audit information and to establish that the auditors are aware of thai infom)aiion. Signed on behalf of the Board on Clare Lewis Company Secretary 19
FABRIC CIO YEAR ENDED 31 MARCH 2025 Independent Auditors. Report to the members of FABRIC CIO Opinion We have audited the financial statements of FABRIC CIO Ithe'charitable company'l for the period ended 31 March 2025 which comprise the Statement of Financial Activities. the Balance Sheet, the Ststement of Cash Flows and notes to the financial statements. including a summary of significant accounting policies. The rinancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. includin9 Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion. the financial statements= give a true and fair view of the state of the charitsble company's affairs as at 31 March 2025 and of its incoming resources and application of resources. induding its income and expenditure for the year then ended,. and have been properly prepared in accordance with United Kingdom Generally Ac(epted Accounting Practice and with the requirements of the Companies Art 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the society in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS IUKI require us to report to you where: the Trustees. use of the going concem basi5 of accounting in the preparation of the financial statements is not appropriate,. or the Trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt aut the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The Trustees are responsible for the other information. The other infomation comprises the information included in the TnJstee5' Report other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other infomation and, except to the extent othe$Se explicitly stated in our report, we do not express any fom of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other infom)ation and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowled9e obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. (Continued) 20
FABRIC CIO YEAR ENDED 31 MARCH 2025 Independent Auditors. Report to the members of FABRIC CIO - continued Opinion OD Qther matters prescribed by the Companies Act 2006 In our opinion. based on the wotk undertaken in the course of the audit.. the information given in the Tru5tees' Report for the financial year for which the financial ststements are prepared is consistent with the financial statements. the Trustees Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustee5' Report We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if. in our opinion.. adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement with the accounting records and retums,. or. certain disclosures of Trustees. remuneration specified by law are not made.. or we have not received all the information and explanations we need for our audit or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the Trustees Responsibilities of the Trustees As explained more fully in the Trustees, responsibilities statement the Trustees (who are also directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatemenL whether due to fraud or error. In preparing the financial statements. the Trustees are resw)nsible for assessing the charitable company's ability to continue a5 a going concern. disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the Directors. either intend to liquidate the society or to cease operations, or have no realistic altemative but to do so. Icontinuedl 21
FABRIC CIO YEAR ENDED 31 MARCH 2025 Independent Auditors. Report to the members of FABRIC CIO - continued Auditor's responsibilitie5 for the audit of the financial ststements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. We design procedures in line with our responsibiltties. outlined above, to detect irregularities. including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error. a5 fraud may involve deliberate concealment, for example. forgery or intentional misrepresentatiorn or through collusion. The extent to which our procedures are capable of detecting irregularities. including fraud is detsiled below. We obtained an understandirbg of the legal and regulatory frameworks that are applicable to the organisation. The organisation operates locally and is not significantly impacted by international law or regulations. Taxation law and regulations apply but the or9anisation is not involved on any complex matters that raise the risk of non-compliance. We understood how the credit union is complying With those framewoths through discussions with the directors and review of the directors, meeting minutes and the credit union's documented policies and procedures. We assessed the susceptibility of the organisation's financial statements to rnaterial misstatemenL including how fraud might occur by considering the key risks impacting the financial statements. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulation5. Our procedures involved review of the directors, reporting to the organi5ation with respect of the application of the documented policies and procedures and review of the financial statements to ensure compliance with the reporting requirements of the Ofganisation. Out pre-audit revtew specifically makes reference to fraud risk and this is supported by audit documentation. We also review board minutes to identify any matters of concem or risk. None was identified. The organisation is small. its activities are regular and consistent and are not complex and no special audit considerations apply, nor is exterrial specialist assistance required. However. the primary responsibility for the prevention and detection of fraud rests with both of those charged with governance of the credit union and management. 22
A further description of our reSpOr1b1l1tieS for the audit of the financial ststements is located on the Financial Reporting Council's website at.. https-//www.frc.org.uk/auditorsiesponsibilities. Thi5 description forms part of our audwtorf5 report. èr A pIAIfr Roger A Platt FCA (Senior Statutory Auditor) for and on behalf of PWH Accountsncy Limited. Chartered Aciountants and Ststutory Auditors The Counting House Hi9h Street Lutterworth Leicestershire LE17 4AY Date 17112125 23
FABRIC CIO STATEMENTOF FINANCIAL ACTivrrES FORIHE YEARENDED 31 MARCH 2025 Note fr*). Unrestrfrted Funds al4ar-25 Oeslgnated Funds 314Aar-25 Restricted Fund5 31-M¥-25 Total Fund$ 31-Mar-2S Total Funds 31-Mar-24 Income from: Grant5and other donations Charitableactivities 1.386,459 261.407 1.386.459 1,637,796 1.396,242 1.272.733 305.262 1.071.127 Investments Other income T01 Intome: 39.863 871 39.863 871 33,326 1.688,600 305,262 1.071,127 3.064.989 Z,702,301 Expenditvre on: Charitableactivitie5 Total expeThditure'. 6-11 1.634.010 1.634.010 368,693 368.693 880.898 880.898 2.883,601 2,883,601 2.533.617 2,533,617 Net Incomellexpenditurel 54.590 163.4311 190,229 181,388 168.684 Tra05fers between fvnds 17 172.2021 70.702 i.soo Net movement tn fund$ 117.6121 7,271 191,729 181,388 168,684 Reconciliation offvnds Total fvndsbrovght forward 17 390.492 1.400.488 532.565 2,323,544 2.154,861 Total fundscarried forward 17 372,880 1,407,759 724,294 2,504.933 2.323,545 24
FABRIC CIO BALANCESHE FCrtIHEYEARENDEDAT31 MARCH Z02S e 3141-25 jIar.14 Fixed assets Tangibleas%et Fixed &set Investments 13 316.689 4.630 321.319 348,239 4,63D 352,869 14 Currentas¥et5 Debters Cash at bank and in hand 15 790.658 1,784.119 2.574.777 385.199 1.910.218 2.295.418 Creditois.. amountslallingduewihin oneyear 16 1391.1641 1324,7411 Net ¢urrentaSsets 2.183.613 1.970.676 Total net awts 2.504.932 2,323,545 31-M¥-25 11-Mar.24 Charityfurtds Unrutricted fvnd5 Desl8nated Ftsnds Re51rictLYI tunds 17 17 372.880 1.407.758 724.295 390,492 1,400,488 532.565 17 Totalthjnds 2,504.933 2,323.544 TheTrusreesacknowledEethrresponS1b110t1e$(0C0MpIYlngWIththeréOulrnts0lthekt with resp&t to actountin8i£ordsand preperationoffinancial stalwnwts. Thefinancial #atemwtshavebeen peparj in accordancewlth1hepryOTh5appl1Cab1etO entitie55ubjecttothe5mall companie5 reyme The*Trarbcia statementswere approved•dwthorisedknri$5ue bytheTrusteeSd $ld ontheir behalftsy.. Tru#ee 14112125 25
FABRIC CIO STATEMENTOF CASH FLOWS FOR THE YEAR ENDED AT31 MARCH 2025 31-Mar-25 31-Mar-24 Notè Cash flow5from operating tiVItIeS Net cash used in operatingactivities 19 1164,3101 15.3721 Ca5h11074V5from Investlng acti¥itie5 Intwest IaVe Purchase of tangiblea55e5t5 Net tash used in in¥estin8 activities 39,863 11.6501 38.213 33.326 11,3721 31,954 13 Change in cash cash equivalentsin the ye* 1126,0981 26.581 Cash and cash equivalentsat the binningOf theyear 25 1.910.218 1,883,637 Cash cash equlvalents at the end ofthe year 25 1,784,121 1,910.218 26
FABRIC CIO NOTESTOTHE FINANflAI STAIEMEpirs FORIHEYEARENOED31 MARCH1025 2 DonatloThSd le8acles Lknresirfctod f4m& Total fvnds JIU-24 Funds 314Aar4S 314I¥-25 31th1¥-25 31th4-25 rtsCouncll.Crtrè Birmin8ham Ciiycouncll (kher donations Total 1.375.989 9.865 605 1.386,459 1.375.989 9.865 605 1.386.459 1.376,004 19,731 507 1.396,242 3 Ch¥iiable Att1¢$ UM#rkted fvnds 31•A¥45 Strkted ds 314Aw-25 Total frJnd5 31-Mar-25 Tot FurK15 3141w-25 fvnds 31-Mw-24 In¢omelor¢ht•bleottitth*s sCoun¢il-ProlectGr•)is Othty Granr Income DeparttUf Educalion Danceclasses & Workshop Income Studio Hirelncome PerformanceTi¢krtSaleslncome Pr¢je¢t CommisyoDingFEe5 hools Programmelncome TpantaI Contributions Partnercontrlbutiorts oth¥ Earned In¢tyne 375.(MJ) 181.011 375,4S4 4,289 118,7841 375,000 IBI,011 375,454 67,376 137,563 4.549 259.838 11.800 135.753 74.582 14.870 1,637.796 68,253 227,597 58,974 118,514 7,017 403.366 19.550 102.118 256.149 11,196 1.272,733 63.087 156.415 2.927 4.838 11.8 1681 1.622 255.( 135.753 8.804 9.600 1.071.127 17.070 5.270 Z61.407 48.708 305.262 4 Investmentlncome Unre5trirted fund5 3L4larQ5 Destgnated Funds Jl-Mar-25 Re#rf¢ted Tot fund5 31-Mar-25 Tota 314Aar45 314Aar-Z4 Bank interest 39J63 39.863 33.326 27
FA8IIICCIO NOTESTOThEFINANCIAL STATEMEPll5 FOR ThEYEARENDED31 MARCII ZOIS 5 Other Incorne Total nds 31-Mar-25 Total fvnds 31-Mar-24 SeTvicesand herIn(ome 871 871 6 Cost of Chadtsble Actlvltles IpwSOFA2024-251 iknreslrlcted frjnds 314A45 De8nated Funds 31ar-25 Restricted funds 31th1¥-25 Total funds 31-Mar-25 Total fvnd5 31-Mar-24 DdiveryCostslnote831 Support Costs (note71 GevernanceC051s Inote8al 9S9.780 535,743 138.487 309.643 859,323 20,825 750 2,128.750 556.565 198.287 1.681.119 681,285 171.213 59.050 1.634.010 368.693 880.898 2.881.601 2.533.617 7 Cos¢ oftharltable Attlv4tle&5upport Costs IperSOFA2024-251 Tot lunds 314A¥-25 fvnds 31-Mar-24 Staffingcosis PreMIcO$t5 Equipment Co#$ AdministrHtion Costs Bank transaction charEesandfee5 Increa5ellDecreaselin provision lordoubtlul dE IT&T Deprtriation 252.625 208.164 10.970 12,934 3.115 14.3431 39.900 33.200 324.392 196,232 7.838 83,346 4.626 18,2121 39.863 33.2) 556.565 681.285 8a C05tofCh3ritle ActitleA1fyAT¢5 (per SOFA 2024-25 byACti1YAreaI Oell¥eryCosis Pport Co$15 Gomanee Toial Executive Operation5& Administraiion Marcomms 463,800 9,456 75.179 292,208 87.332 70.954 553.282 169.738 406.801 270.474 286.091 194.725 2.812 929.000 298,359 75,179 292.208 87,332 70,954 553.282 169.738 407.551 Engagement PresentaiioTh Research Showcasing& Intwnational SectorDevelopment Centrefor AdvancedTraininglCAn 750 2.128.750 556,565 198.287 2,883.602 28
FABRIC CIO NOTESTOTHE FINANCIALATEMENfs FOR THEYEARENDE031 MARCH 2025 8b Go¥ernan¢e Costs Totsl nds Totsl funds 314dar-25 31-Mar-24 Wdges and salaries Auditors. remuneratK)n Legal and prtsfess¥)nal lees Board Expenses 120.243 8.463 69.179 402 118.983 3,683 48.548 198.287 171.213 Costsareallocated asgovernancecostson thefollowin8basis'. Audit. accouniancy, legal and profes%onal- lOO% Admin and mana8ement salaiies- 75%for Chief Executiveand Deputy Chief Exttutive- 25% Directorof Producing & PTogramme5 and Director of Engagement. 9 Net Outgoing resource5forthe year 31-Mar-2S 31-Mar-24 Net outBoing rwJ)urcesis #ated after charging.. Deprecialion Auditor's remuneration 33.200 8,463 33,201 3,683 10 Employee$ 31-Mar-25 31-Mar-24 Employment costs Core Staff Wagesand Salarie5 Social 5urItY costs Pension costs Redundancy PayMt5 883.114 85.405 17,905 832.041 78,081 17.462 26,042 953,626 986.424 One employee ed emolufftnts of rTh)re than £60.000. No trustee ed any rerNneotK¥n lor seThKe5. No of Employee$ Theaverage Thumberof employeeslexcludingtrusteeslduringthe period. calculated on basis of full time equivalent, wasas follows.. 31-M¥-25 31-Mar-24 15 12 Management Adrninistration io 29 25 29
FABRICCIO NOIESTOIHEFINANCIAL STATEMENts FOR THEYEAR EI+DED 31 MARCH 2025 11 Truee5•41 Keymana8ÈmemtandpersonThel remuwratlon eXpES Notrusteeret¥ved any remuneration in respett ofservicesasatrusreedurtngthepffiod. Thvewereno rmbursementsfor 3rd eXpSednn8thl$l00l20z4-EloZj Thetotal amountofemployeebenefitsr¢revl pwsonnel in thisperiod IsE223,18012024-E216,1911 Ba on theor8anisational structureat iheformation olFERIC. thech¥itable£ompanyconsidwed its k managÈenI Pffsonnel. fof theyearto 31 March 2025 to be4.. theChlefExUtIve& Artistic Dirtor' OeputyChSel Executive,. Directorof En8wrneritd Diror olProducing & provme5. 12 Taxation ThecharitablecompanstlWit1eSf4ll withintheeAemptbonsafknrdLYlbYtheproSlon$ofIhe Incomeand Corporation Taxe5kt 1988. kcordingly. thweisno taxation chargein the5eactounts. IJ Fe& Crynwr Asat IApi12024 Additions Asat31 Marth2025 178.1 65381 331)Y4 1,650 34.744 402.181 1fi50 403.831 278.105 65.381 25.1 DEprethlhb A5 ariAwl 2024 Ch3rgeforihe year Asat31 March 202S 24.4X) 14%56 39,276 12,149 4A07 12.966 8274 21,240 53.942 33.2 87.142 19.539 Nétbook¥ak Asat31 Marth 2025 45.842 18.513 13,505 20,128 316,689 Asat31 Marih 2024 53,23Z ZLI94 348.219 14 FIx4dAtI9S1mern$ SbHresinoll At IApri12024 At31 Ma¢h 202S 4ffi30 4.630 Thetharity heW 2$XofthÈsharecaalClthef(&)wry (Dpa:" Ticketin8 Netwtyk Eastm[8Mknd iTKMI 30
FABRIC CIO NOTES TOTHE F114ANCIAL STATEMENTS FOR THEYEARENDED31 MARCH Z025 15 Debtors: Amountsfallingdue within one year 31-Mar-25 31-Mar-24 Trade debtors Other debtors Doubtful Debt Prepayments & clUed income Deferred Income 168.532 2.190 16,4741 531.284 9S,126 217,808 149.865 17.527 790.658 385.199 16 Creditors: Amountsfallingdue within one year 31-Mar-25 31-Mar-24 Trade creditor5 Other taxation and social security Other creditors Accrua15 and deferred income 195,891 19,402 1.748 174.123 154,202 27,275 501 142,762 Petty Cash 391,164 324,741 31
FABRICCIO NOIESTOIHE FIW4NCIAL 5fAIEMEr FOR THE YEARENDED31 MARCH2025 17 Statement OfFd5 Trants Wyl Marth 2025 AtIAw12014 UNRESTRICTEDFUFI(6 39? (Ifi3410) 372080 BiTm1nghamOanSeas0rt[1NlS 15 DAE7 CtitTrlMa5S & Leiacy acti¥ 6) siaiility Reserye irternatnalSc3sry lE>ttueMJnaIedj Futh DÈveknrxhert Wtrkspact FU{Caal 1LTrJr5 oryantsanal DeVebjenr 491239 114913 250) 363.198 W19 72219 I22 303WO 138A731 12SS.7701 36.9f 491288 162,783 2500 3120 28.919 71219 550 174ASOI B5.iXY) 305262 la683) 70,702 IN07,758 RESTRicfEOFVIIDS Centre lorAthanodOartt TA•wlCAn BwminEhatn Prt>aass cFWD 72ts14 W24 3972 4339 170.112 1407,551} 18.303 16.635 173.lml 131587 15J1501 OarKe HL&"miiwharn Fai DaTr Project ere& C4tl DevebprnentlFABPJC14xwyham PreMys] M0che¢¥raPhfteSeathIlty1 0ryarMSaI Deb)prent 8835S 18S,368 7A56 61W44 28Z.746 53AIO 1,117 6212 37A75 379255 1317NIO 303571 126 110,8641 532565 IIJ7L127 I,848> 724.295 1.324544 3.064.989 12.8B3,601 1504.933 32
FABRICCIO NOTESTOTHE FINANCIAL STATEMENTS FOR TrIEYEARENDE031 MARCH 2025 17 Statement of Funds -continued Purpose of Re51ricted Funds Centre for A(haedTrain¥ ICAn Led by FABRICin partneF5hipwth Sampad ISOuthAs&)nArtsl.t Centfe F0rAthaed DanceTrdiniTr8 fOr51hAsIanaThd Contemporary Oance is Midlands hubforttE national CAT 1k.operJtlnE &[rnih?rn arKI Nottingham. funded by the Department forEducat)n's IDfEI MusicaThJ Dare Sd)eme. The s(hetne PffjVKle5 h¥hquality tailored dance tuiti fory(xJnB peopleaged 11-18 years whDslw eptwlllt3l potentsl in CoThtemFary and Swth Asian Sty5. Dance Hub The Dan Hub Birtningham InvesthEntPn4rJmme 15 cc#ydinated FAOWCon behawofthe OarKe Hub E4miin8ham Steeri Group. The Imiestrnent Prcgramme wests ina dNerse stratsgprwts lseletteothriwh anopencall pru55> thatseek tocreate a step thareefwdaKe in &miwBhamafvJ the West Blrmiyham Procbss miinEham Proclass iga norFprofitsector-led membetshipsdtne. adtnin15ated try DaeX{hange onbehalf of bcal darKe art15t5,cornpanie5 and (yEant5atl$.Wth all rnernbersp leesdirecily fundin8 a pwrammeofre8uLarprofessional classes. H¢re & Naw Funded by Arts crJ1 ErykTrJ. Here & 15 a cdkbcrfatv)nttween FaKoatte[sta ArtsCÈnbe and Gateshead Internatnal Festival ofTheatre. It5UPWrtsartists crealir w£¥kkLAss performarKe toshywcase theirwo¢K atEdinbur8h's festnials, Ccts them WithlemaOnaleseTrlers 3rwJ Mwests uithÈ resulb"r4onward IthJriNd OPWJrtune$. Car1 Dekent IFABRICNottr¥km Premtsesl Th fund all(Kate5 capitsl yt¥ect irthme CeIved in 2014-l6a8alri1 depyeoabcffi of assets in severalcaiegories of between 4 ar 25 yÈars useful rrfe. UK Dae NetsThk lu) LIKDN is a network ofVen5. prcrtlLKer5aTrJ pfferarnmeth the aim of deVekIrE the prc¢not¥x of dare ) the VK. FABRIC hohls the meMr$hfee ircvne asa StrKtedfurml on hl10f the neiw¢Nk. organisanalOeve[nent OrBanisationJl deveentadCcIttat1O0. surpNtedwith bJThJir frcrfn Arts Slting inthe $Cessful mer8erof DanceXchan8e and Dan4 to coMe a nÈwCharilal IrMx)rwtsdO0anatiOn FA8PJC. CROWD Through h05tyng reSiderS andopenire upspace fudiscussband kmwedeeknpMÈnt.cROwDl% a ts)labDrntitie network of dano orgar¥5atKWS 5ukwrbrvx pr(lessKThI devehjwnent0fcommunity4aged darartiSts. Fat Dance An artlstic exchange sIdr by two pr(KnI1Entdrj[therSlpertQKerS,Gil1ie Kleirnan IVKlarKI Jussara Be1Ch)rsant0SIoZb- contritrJtirg trj the develownentofa MUkn.natnaI athstic tornmunty fix5@d onfat dance. Thi5 parkner5hpbet*ren FabricaTrJAsscKiayoCuhural cor Rastre3do. funded by British c1. Jerwotxl Thoreiv&raphK Re5earchProiert A partnership proieit, supFxKted try JeXxl Art5.W irwe5ts in rEsearth to irwestyate thas andthinkin8 in Jrwraphy4 toexparnl knwd8e aTrJ waaKe inthe UKaTrJ beyot)J. 33
FABRIC CIO NOTESTOTHE FINANCIAL STATEMETrll5 FOR TrIEYEARENDED31 MARCH2025 17 Statement of Funds -continued Purpose of De4gnated Funds StabAity Reserve ToeThable èffliiew1rlng thynof charity, 5TrKwklthi% ed artse. Bmkyham DarKe Seax>n (THIS IS DANCE) A newcollab0r8tln with 8irningha¥n dae Vert$ aThJ partners.THIS IS DAE an InternatK)r4lseas ot Dance in Bimiingham. briing except41 darKe from bDth auoss ihe8kte aThJ kKalc(xnrnvnity. Thi5 newcdaboratx)n is a Segacy of Bimingham Intekn31 DafKe Fest31 lBIDFI,whh was delivered from 2CKJ8to 2022. ACE NPO hjnds were deswnated annualty tocoverthe costs of oF. withthe endof E4DF. due toremoval ofv1tslmatrhfvnd&thi5 de$4¥nated resou has now been re-focused todelNerTHIS IS DAKE. ¢rrtlass and Legacy Actiity Danre LtadersGrth4)1 Critical Mass was a £lmillty)n wlvsnie yixrth dancÈ pathpatth woprtfvnded ty SF4ritof 2012.workinB in ck)5e Co1y)rat1oTh with 8irtnin¥ham CommonweahhGame5 and the DarKe Leaders GrrAyIOLGI. ong0E ga¢¥ actNty, indudin&the Keep Moving prop¢ has Contt08T0warxl embed partxipattr)npractice5thmugh partner5hIpworkg aCTOSS the region. Internatknnal sho%351¥ FUNJS to suppct FABwcsw on the intÈm3ti¢x)al slth¥casin8of Thkpendent darKe artlsts frn Er¥bnd. As spÈndir¥ varies each year,any un-u5edalkK3t#)n i% des4gnaied for1re spe ontlw5 area of WtrdtammÉ. Fytte Buslness Deveknwment Theke funds aretOswtthe fUre iw5inessthVek4¥nentofFabrt.ueati r0p[b)rtUnits. organatlueveh•mert These funds are designatedtosupwrtthe Banat)nal deyebprnentof FatNKaswec¢)ntiTh the work of the merger. Thi4 indudes 5VItarKY SUPkXJrtarnl nmenta ofrwsystems. frtf£W stope of FatrK's oper3th)ns. workspa Fund ICaplallW re. Repaksl Thi% fund is designatedforthefuthrÈ repairs. repments Tefur15hments,en5uriry [darKe spatss m3$n of a h¥h standard.frfLfor purFo5e. 34
FABRIC CIO NOTESTOTHE FINANCIAL STATEMENTS FOR ThEYEAR ENDED31 MARCH2025 18 Ana$6 ol netassets Getra1 Restrkted 31-Mar-25 31•aT-24 Totsl Totsl Fixed assets 316M9 4.630 1fi51P48 1.972,367 31689 4,630 2.183fi13 2,504.932 348239 4fi30 1.970fi76 2,323,545 Fixed asset investments Net currentassets 532565 532,565 19 Cashfknwfrom Operat1 aclhl 314aar-25 31-Mar-24 Net income forthe year Interest reNed 181.388 139.8631 33,200 168.684 133,3261 33,201 tjepwiabon Los5 on disposal of fLKed assets (IrTease1/DecTease in debtors IDecreasel/increase in Credit Netcash lknwfrom a¢tktk*s 1405.4581 66.423 1216.4051 42,474 1164,3101 15,3721 35
FABRIC CIO NOTE5TOTHE FINANCIAL STATEMEIITS FOR THEYEARENDED 31 MARCH 2025 20 Op*ratln8lease cornmitments At 31 March 2025, thecharityhad frjtureminimum leasepaymentsunder non-cancellable operatingleases asfollow5= Land & Building5 Other Arnounts payable: Wlthin l year Between 14 years Aftermore than S ar$ 33.700 148,830 618,669 801,199 25,564 38.416 63.980 21 Related ptytransactlons The company wasformed to take over theassets. liabilitiesand operationsof Dance4 Limited and The Dancexchange Limited. At ihestart ofof operation5in August 2022. thecompany accepted net donation50f £1.058.904 from Dance4 Limited and £1.293,904 from The DanceXchan8e Limited. Thesedonations weremade up ofthe restricted. degnat and unrestrictaj rwve5 hdd byboth organisations at thepoint of themer8er. 22 iniSation not lirnited byshwe Capit FABRIC CIO isa Charitablelncorporated Ctydnisation and accordinRlydoesnot havea 5harecapital. Members of theCIO haveno liability to contributeto theorganisation and takeon no personal responsibility for settlingit5 debtsor liabilitie> Asof 31 March 2025, therewere8 membersl2024-8 members). 36