**Company registration number 12452557 (England and Wales) Charity registration number 1198606 (England and Wales)**
## **NEON DANCE LIMITED**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **NEON DANCE LIMITED**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Margaux Berard Lucy Shaw Chris Sharp Gurchetan Singh (Appointed 5 July 2024) Benjamin Sullivan (Appointed 5 July 2024) Dr Nelisha Wickremasinghe (Appointed 5 July 2024) Sullivan Benjamin (Appointed 5 July 2024) Gemma Levett (Appointed 11 July 2025) Sarah Compani (Appointed 15 January 2025) **Secretary** Adrienne Hart **Senior management** Adrienne Hart Artistic Director Maeve O'Neill Executive Producer **Country of incorporation** United Kingdom 12452557 (England and Wales) **Charity registration** England and Wales 1198606 **Registered office** 50 Winifred Street Swindon SN3 1RS **Independent examiner** Tom Wilcox Counterculture Partnership LLP 23 St Leonards Road Bexhill-on-Sea East Sussex TN40 1HH
## **NEON DANCE LIMITED**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 5|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9 - 15|
## **NEON DANCE LIMITED**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
## **Objectives and activities**
1. To advance and promote participation in and appreciation of performance art, especially in the form of dance but not exclusively; and
2. To provide education and training in performance art, especially dance and associated disciplines.
Summary of the main activities during the year
Between April 2024 and March 2025 Neon Dance delivered a total of 28 participatory events including workshops, talks and a week long Sonic Body Lab at Festival of Tomorrow 2025 engaging a total of 2261 participants as well as 2 performance events engaging a total of 880 audience.
Our workshop programme included the launch of Making Connections as a free monthly event for Swindon creatives. In partnership with Swindon Dance facilitator Sarah Ferris hosts sessions with Adrienne Hart for arts professionals and community artists from a range of artforms. Each session includes a guest artist facilitator followed by hosted networking, providing support and a space for creative exchange between local artists. The first 6 sessions have engaged 83 participants with 7 guest artists.
We delivered an extension of our Cultural Connector Programme with a Cultural Connector Alumni Residency. This took place in Swindon with dance artist Kiera Sanderson. Kiera developed a new piece of work with sound artist Keith Mutomba & choreographer Sofie Parsons, supported by Artistic Director Adrienne Hart & Composer Sebastian Reynolds.
Neon Dance’s production of Johann Johannsson’s Last and First Men premiered in the Netherlands at Rewire Festival. The performance included a live score with Yair Elazar Glotman, Viktor Orri Arnasson, Else Torp & Echo Collective performing alongside dance artists Fukiko Takase, Aoi Nakamura & Kelvin Kilonzo. This performance engaged 680 audience.
Neon Dance began developing a new work; Sonic Body. Inspired by the artist/architect duo Arakawa (1936-2010) and Madeline Gins (1941-2014), it features a number of playable and wearable sound sculptures developed by visual artist Dr Ana Rajcevic. Composer Sebastian Reynolds is providing sound design for the sculptures and Ana Rajcevic developed prototypes during the initial R&D. As part of this phase of development, Neon Dance hosted a Sonic Body Lab at Festival of Tomorrow 2025. The lab engaged 2080 people during February half term at Swindon Design Outlet and included 2 clay making sessions for 30 young people.
## _Public benefit_
Neon Dance board of trustees are aware of, have read and understand the guidance issued by the Charity Commission on public benefit.
- 1 -
## **NEON DANCE LIMITED**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Achievements and performance**
_Significant activities and achievements against objectives_
Neon Dance’s key achievements include:
- Supporting 96 UK artists through our Cultural Connector Residency & Making Connections sessions. These programmes provided employment to artists as facilitators, paid opportunities to develop new work and an accessible space for local artists to nurture their practice with a free-to-attend workshop.
- Our workshops, talks, lab and events engaged a total of 3141 people.
- Last and First Men is taking Neon Dance to new international audiences and venues. It’s a unique cross-artform performance combining film, music and dance with an International team of artists.
- In this period Neon Dance was the recipient of 2 successful Arts Council England Project Grants of £73,810 for an organisation development project including international and national activity and £70,670 for Making Connections Project which includes Sonic Body Development and a commission with Reversible Destiny, Japan.
- Our organisation development concluded with the launch of our new website including logo design from Naile Muslu and welcoming Clair Donnelly as Communications Coordinator for Neon Dance.
The charity has exceeded its targets in terms of engaging audiences and participants. We’ve developed new and existing partnerships. See feedback and documentation below.
## **Participant feedback from Making Connections Sessions:**
“I felt completely replenished and inspired”
“Connecting with others similar to me. Having space to explore my movement in different ways, being inspired and making new connections for work opportunities.”
“Having time to explore movement without the pressure of being perfect.”
“Such fabulous inclusive sessions. Full of creativity, support and a space to experiment and grow. I haven’t experienced anything like it.”
- 2 -
## **NEON DANCE LIMITED**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
Videography Documentation of Sonic Body Lab by Create Studios, Swindon: Sonic Body Lab - Festival of Tomorrow 2025
Video Trailer for Last and First Men: Last and First Men by Neon Dance in Concert (Trailer)
- 3 -
## **NEON DANCE LIMITED**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Financial review**
Total income received the year was £125,860 (2024: £190,280), of which £91,717 was grants received (2024: £103,539) and £28,415 were tax rebates (2024: £35,105). Total expenditure was £112,004 (2024: £117,107) leaving a net surplus for the year of £13,856 (2024: £73,173).
Income from this financial period:
- Grants from Arts Council England Project Grants: £70,984 & Great British Sasakawa Foundation Grant: £2000 (approx 59% of income)
- Theatre Tax Relief: £28,415
- Earned income from partners & venues for performances, events and workshops: £25,450.12 (approx 20% of income, excluding in kind support)
## _Reserves policy_
As a project based company reserves are vital for between projects and to ensure minimum overheads are met. Through the Theatre Tax Relief scheme the reserves policy is to retain reserves for 1-3 months running costs.
There were £66,173 total reserves held as at 31st March 2025 which was 100% unrestricted. Last year was £52,317 of which £22,793 unrestricted funds and £29,524 as restricted funds.
## _Major risks_
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Main risk is an unsuccessful Arts Council Project Grants application, which Neon Dance mitigates by actively seeking alternate sources of funding including match funding from performance fees and commissions. Our earned income has increased by 6% since last year.
## **Structure, governance and management**
The charity is a company limited by guarantee with companies house, registered charity with UK charity commission and the governing document is Articles of Association.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Margaux Berard Lucy Shaw Richard Barnett (Resigned 25 April 2025) Chris Sharp Gurchetan Singh (Appointed 5 July 2024) Benjamin Sullivan (Appointed 5 July 2024) Dr Nelisha Wickremasinghe (Appointed 5 July 2024) Sullivan Benjamin (Appointed 5 July 2024) Gemma Levett (Appointed 11 July 2025) Sarah Compani (Appointed 15 January 2025) Gemma Levett (Resigned 12 July 2024)
- 4 -
## **NEON DANCE LIMITED**
## **TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## _Recruitment and appointment of trustees_
## **Trustee selection methods include the following:**
- Recruitment is by open call, recommendation or invitation.
- New trustees are elected by a majority vote.
- We encourage people with disabilities and people who are from culturally diverse backgrounds from across the UK to apply as Neon Dance is keen for the Board and its work to be informed by and representative of the communities it engages.
- We also welcome applications from individuals with no previous trustee experience, who will be provided support & mentorship.
## **The induction and training procedures includes that every trustee is required to:**
1. Sign an individual Trustee Agreement & Guarantee
2. Complete a Trustee Inclusion & Monitoring Form
3. Sign & Complete an individual Conflict of Interest Form (will be added to the Conflict of Interest Register)
4. Add to the Board audit of skills
5. Provide required information to Neon Dance for Companies House & the Charity Commission listing
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The trustees report was approved by the Board of Trustees.
Margaux Berard **Deupty Chair**
15 December 2025
- 5 -
## **NEON DANCE LIMITED**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEON DANCE LIMITED**
I report to the trustees on my examination of the financial statements of Neon Dance Limited (the charity) for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Tom Wilcox**
Counterculture Partnership LLP 23 St Leonards Road Bexhill-on-Sea East Sussex TN40 1HH Date: ............................ 18 December 2025
- 6 -
## **NEON DANCE LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
91,717
-
Charitable activities
**4**
34,143
-
**Total income**
125,860
-
**Expenditure on:**
Raising funds
**5**
2,285
-
Charitable activities
**6**
80,195
29,524
**Total expenditure**
82,480
29,524
**Net income/(expenditure) and**
**movement in funds**
43,380
(29,524)
**Reconciliation of funds:**
Fund balances at 1 April 2024
22,793
29,524
**Fund balances at 31 March**
**2025**
66,173
-|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
91,717
110,625
29,524
34,143
50,131
-
125,860
160,756
29,524
2,285
2,779
-
109,719
114,328
-
112,004
117,107
-
13,856
43,649
29,524
52,317
(20,856)
-
66,173
22,793
29,524|**Total**
**2024**
**£**
140,149
50,131
190,280
2,779
114,328
117,107
73,173
(20,856)
52,317|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 7 -
## **NEON DANCE LIMITED**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Restricted income funds
**15**
Unrestricted funds
**16**|**2025**
**£**
28,857
39,823
68,680
(2,820)|**£**
313
65,860
66,173
-
66,173
66,173|**2024**
**£**
23,601
31,540
55,141
(3,292)|**£**
468
51,849|
|---|---|---|---|---|
|||||52,317|
|||||29,524
22,793|
|||||52,317|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 15 December 2025
Margaux Berard **Deupty Chair**
- 8 -
## **NEON DANCE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **Charity information**
Neon Dance Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 50 Winifred Street, Swindon, SN3 1RS.
## **1.1 Basis of preparation**
The financial statements have been prepared in accordance with the charity's Memorandum of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 9 -
## **NEON DANCE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer Equipment 33% on reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
- 10 -
## **NEON DANCE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.9 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Donations and gifts
-
-
Grants received
91,717
-
91,717
-|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
-
36,610
-
91,717
74,015
29,524
91,717
110,625
29,524|**Total**
**2024**
**£**
36,610
103,539|
|---|---|---|
|||140,149|
## **4 Income from charitable activities**
|Workshop income
Performance fees
Tax rebates
**Analysis by fund**
Unrestricted funds|**Total**
**2025**
**£**
-
5,728
28,415
34,143
34,143|**Total**
**2024**
**£**
3,223
11,803
35,105|
|---|---|---|
|||50,131|
|||50,131|
- 11 -
## **NEON DANCE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **5 Expenditure on raising funds**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||**Trading costs**|||
||Costume materials & production costs|2,285|2,779|
|**6**|**Expenditure on charitable activities**|||
|||**Total**|**Total**|
|||**2025**|**2024**|
|||**£**|**£**|
||**Direct costs**|||
||Depreciation and impairment|154|230|
||Subcontractor labour|88,072|84,256|
||Rent|-|2,331|
||Computer running costs|1,875|1,116|
||Hire of equipment|-|250|
||Travelling expenses|4,604|12,001|
||Sundry expenses|70|68|
||Insurance|688|553|
||Advertising|11,396|9,993|
|||106,859|110,798|
||**Share of support and governance costs (see note 7)**|||
||Governance|2,860|3,530|
|||109,719|114,328|
||**Analysis by fund**|||
||Unrestricted funds|80,195|114,328|
||Restricted funds|29,524|-|
|||109,719|114,328|
|**7**|**Support costs allocated to activities**|||
|||**2025**|**2024**|
|||**£**|**£**|
||Governance costs|2,860|3,530|
||**Analysed between:**|||
||Total|2,860|3,530|
- 12 -
## **NEON DANCE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**8**|**Net movement in funds**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the independent examination of the charity's financial|||
||statements|2,500|2,000|
||Depreciation of owned tangible fixed assets|154|230|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. **10 Employees**
The average monthly number of employees during the year was:
|The average monthly number of employees during the year was:|||
|---|---|---|
||**2025**|**2024**|
||**Number**|**Number**|
|Total|-|-|
|There were no employees whose annual remuneration was more than £60,000.|||
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **12 Tangible fixed assets**
|**Tangible fixed assets**||
|---|---|
||**Computer**|
||**Equipment**|
||**£**|
|**Cost**||
|At 1 April 2024|1,041|
|At 31 March 2025|1,041|
|**Depreciation and impairment**||
|At 1 April 2024|574|
|Depreciation charged in the year|154|
|At 31 March 2025|728|
|**Carrying amount**||
|At 31 March 2025|313|
|At 31 March 2024|468|
- 13 -
## **NEON DANCE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **13 Debtors**
|**Amounts falling due within one year:**
Trade debtors
Corporation tax recoverable
**Creditors: amounts falling due within one year**
Other taxation and social security
Accruals and deferred income|**2025**
**£**
442
28,415
28,857
**2025**
**£**
320
2,500
2,820|**2024**
**£**
-
23,601|
|---|---|---|
|||23,601|
|||**2024**
**£**
1,291
2,001|
|||3,292|
## **14 Creditors: amounts falling due within one year**
## **15 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At 1 April**|**Incoming**|**Resources**|**At 31 March**|
|---|---|---|---|---|
||**2024**|**resources**|**expended**|**2025**|
||**£**|**£**|**£**|**£**|
|Arts Council England|29,524|-|(29,524)|-|
|**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**At 31 March**|
||**2023**|**resources**|**expended**|**2024**|
||**£**|**£**|**£**|**£**|
|Arts Council England|-|29,524|-|29,524|
## **Note to the Restricted funds**
- **Arts Council England** This grant was a funded project: Organisation Development; Local & International Activity. The project included branding development with Liquid Light Marketing Consultants and a workshop programme as well as live performances of our current production Last and First Men. The payment of £29,524 from Arts Council England was the 2nd instalment of the grant (total: £73,810) paid on receipt of an interim activity report.
- 14 -
## **NEON DANCE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **16 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1 April**|**Incoming**|**Resources**|**At 31 March**|
|---|---|---|---|---|
||**2024**|**resources**|**expended**|**2025**|
||**£**|**£**|**£**|**£**|
|General funds|22,793|125,860|(82,480)|66,173|
|**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**At 31 March**|
||**2023**|**resources**|**expended**|**2024**|
||**£**|**£**|**£**|**£**|
|General funds|(20,856)|160,756|(117,107)|22,793|
|**Analysis of net assets between funds**|||||
|||**Unrestricted**|**Restricted**|**Total**|
|||**funds**|**funds**||
|||**2025**|**2025**|**2025**|
|||**£**|**£**|**£**|
|**At 31 March 2025:**|||||
|Tangible assets||313|-|313|
|Current assets/(liabilities)||65,860|-|65,860|
|||66,173|-|66,173|
|||**Unrestricted**|**Restricted**|**Total**|
|||**funds**|**funds**||
|||**2024**|**2024**|**2024**|
|||**£**|**£**|**£**|
|**At 31 March 2024:**|||||
|Tangible assets||468|-|468|
|Current assets/(liabilities)||22,325|29,524|51,849|
|||22,793|29,524|52,317|
## **17 Analysis of net assets between funds**
## **18 Related party transactions**
There were no disclosable related party transactions during the year. Last year, there was an interest free loan from Chris Sharp (Chair) totalling £36,609.61. This loan was written off in the year and treated as a donation to the charity.
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