Company registration number.. 08440496 Charity regi$ti*ion number.. 1199318 Second Hand Dance Limited (A company limitsj by 8uaTalltee) ADnuai Rep)rt and Firmcial StAtun¢Dts for the Year Ended 31 Mar¢tL 2024 RWB CA Limited Northgate Hotsse North Gate New B&sford Nottingham NG7 7BQ
S&Ybnd HaDd Dance Limited CoDtents Reference AdmiDistrattve Detsils Thist¢es' Report 2to6 Ind¢pendent ExarniT*s Report Statement of FinattcI A¢tivrtie5 B8]ance Sheet Notes to the Firtati¢l Sithmej Ioto 18
Second Hand DAnee Limited Reference and Admini¥trntive Detaib Ch•rlty ReEistrtirJn Nurnber 1199318 Compny R¢tIllIon Numbtr 08440496 Retered 75 Hazon Way Epsom KT19 8HG Illdeptndtnt EX)er RWB CA Limitrd North8ate House North Gste New Basford NG7 7BQ Po8¢ 1
Seeond HaDd Dan¢e Limited Truste&4' Report The trlees, who are directors for the pUrse5 of company law, present the Ul1 ryrt together with the finan¢iai statements of the charitable o)mp8ny for the year ended 31 Marth 2024. Governlnt Do¢wnellts Second Hand Dance is a charitabl¢ limited by Buarantee inwJp)rated on 12 March 2013 gnd re8iStered ag a Charity on 15 ju 2022. The Chlty is Contsolled by its 8overnin8 do¢umenL its Memorandum & Articles of AS$14tioN ¥ srnended by Specia] Re501ution on 2 Nov¢mber 2021. •nd CODStiknrtes a limit¢d comtthny. limited by 8uar8nte< as defined by the Companie5 Ath. Eli8ibility for m¢TDbetship of the ch•rity. and m¢mb¢rJhip of the B0d of TA1¢. is Boverned by the Articles of ASSOCI10. There are no r¢stridioJs ID the 8overning thuzD¢nt OD the operation of the ¢h4rity other thm thos¢ impjsed by 8enernl clwity law. Trnit¢eJ •Ad fjfflee The trustets and officers ser4108 during th¢ year and sintt the year end ¢ u follo., Trustees: Ms L R Wildish Mis5 C A Bernharth (rtsigned 5 August 2023) Mr J R SInglell Ms C A James Cbrltble Purpo8t Swond Hand Dance's tharitable objects are Splfilty TEStrieted to the following: To advance the education of. 8nd to proTrL)tr the public apprKiation participatiott iti the ort of donrx for the publi¢ benefil in parti¢ulAr but not exclusively thmugh the provision of wfornJan¢u, InIng. Mt)rkshop$ and other such events. Second Hand Dan¢e is a disabl¢d-led dance company cre8tit)g bold acc¢ssibl¢ perforrnancxs. digital projects ond events for children And adults. We PT¢5¢nt our Wrk festtyals and venues {inteTlnationally. collaborating with edutional 5pecLaii5ts to crtate acci)mpanying resour5 and athivities. Our vision is a wDrld whet¢ dance and plrdy ¢ ¢¢ntral to the live5 of aiL resdIeS$ of ability.
Second Hand Danee Limited Trust, Report Strncture and Governlllce The charity culY h&% a Boud o)mprised of thTe¢ rXUt1ve Tn]stees. led by the Chair Cath JaD)es. The Cornpany's Board of Thtstees m¢¢t every quarter. At exh Meeting ti considers a detailed report from the Co- Directors about p&st. current and future a¢ttvity. The Board a]so receivc5 and consid¢rs finan¢ial report5 presented by the Co - Directors and proF¥)sa15 for future mediwy and lon8-ternJ Strategy. At appropriate times, individual or pair5 of Tru$te¢$ may also ¢oDvene to focu5 OD ParticulaT aTeas of actiw such &8 Tru5tec [tIment 8nd Board development. Trustees, responsibilities ar¢ detsiled in Second Hand DaDtt's Board Role and Reswnsibilitie5 t%)¢wnenl in line with the Charities CoTtllnission requir¢ments and in full compliance with th¢ Companie5 Act. The Board revi¢w5 its p¢rfomian¢¢ against these tCrnh5 annually and dlOp$ action plans to ensure they continue to meet their resp)n5ibilitie$ on an ongoing b&sis. R¢¢ruitment 8nd Appoititm¢Dt of BoArd of Truslees Tru5tces are appoimed followin8 a review by the Board of th¢ r¢lev8Tht skills and exp¢rien¢¢ the Cottlpany requires. Emph15 i5 currenily placed on wuring a cornmiitcQ ellg8ged and diver5c board who can reflect the lived ¢xperience and irlterests of Second Hand Dznce's audienc¢5 alld partsiers. Particular 5ki115 are ¢urr¢ntly 50U8ht a¢ross HR and recruitmcnL entertainment law. primary cduciOn and Child developmenL disability policy and communications. Trngtee IDdll¢tion and TriniDg N¢w trustees receive #n induai¢X) from the Chair aDd nomin*d Trustee5 which includes detailed backwund inforniation aFKJut the Company aDd Charity Commission dvcurnents outlinin8 their responsibilities under charity law. In addition, they spend tirnc with th¢ Co - Directors to ensure that they are fami]i¥r with the work of the Company. its priorilies and how it is run and wthrs¢8nd the commuDiti¢s they wjtk WI #s well as vi¢wi08 work in rehear581 and Frfornian¢¢ when P055Lble. Ongoing development opprtithxties ar¢ provided to the to ensure Tn are upskilled aud able to 5er¥e the Orga1$all0ll io the best of their abilitics. Regervej Policy The Ttustees have r¢viewed the charitys needs for rnrves ID line wth the 8uidance issued by the Charity Conls51n. The Trust¢es airn to frstty ThId a level of uDreStrI¢ Reserves wbicb enables the ¢harity to have Sufficient financial r¢sour¢¢s to meet Wdrious liabilities which would Crys11$¢ if Second Hand Dan¢e's fvnding were to be withdrdwn alOr it wert unable to ¢ontinue opetatiIig. At pffseni the Tru5tccs estimat¢ that the Unrestricted Re5etV¢5 required for suth puTros¢s amou to approxirnstcly £28J50. the equivalent of three months. operatiotml Costs. The charity's Unr¢stri¢ted Keserves at 31 Mar¢h 2024 ate £35J63 free tts¢rves. defined a5 ullrestri¢t¢d reserves minus the value of Tangible Fixed A55et4 ate £35278
Second Hand DaDee Limited Trnsteeg. Report The Tnte¢S iDten(L through their bud8etiD8 and gcd fill¥1 to their target level of unrestricted reserve5. This policy will b¢ r¢vi¢wrA by the Tnutees on 8D annual basis &s part of the charity's budg¢ting processes. GrDt Making Policy The ¢haTity does not CUTtently engage ID nt.nk1Trg ¥tivity. The Contributiort of Volwntsers The drity does not CWTentty make use of V0htea5 to supp)rt its a¢tiviti¢s. Rijk The Trustees have given nSIdeI0 w tbe rnaior tisks to 1¢h the elwity is expos¢d and 5ati5fied themselves that systems orpToceduTe5 are established iti 0crI0 malla8¢ those Ti5ks. Aehievtments ind perfOnD¢t 2023-24. Second Hand Dance's fitst year as an Arts CouDciI Fgland Nitional Portfolio Org#ni$ation (NPO) Saw many achievements wtthin our artistic advocacy and ¢)rgani5ationa] deYclopttLent. The otganislon21 structure of the company h85 dtve1od with th¢ aptK)intmeDI of three new w5ts. GeTL¢fdl Manager, responsible for organisational mnagemrt and Panicipation and 8?8¢lent Produc¢r, r¢5ponsible for managin8 relatioDships with Specialist SEND SEhool$ and charities includin8 National Autistic Society and Creative Crawley, and Wt premiered the thpied version of We Toueb, W¢ Phy. We Dnfe for neurodiverse and disabled audiences. The adaption Mea Trye engaged with a new alldience demowhic in the UK 8th1 Europe. Fina] adaptatioDs of We Touch. We Pl%y. We Dallce tcok place in April, to mzke the work suitable for disabled and neurodivergent audiences, supported by Fabric & SENSE (national deafthlind charity) which premiered in Autumn 2023. For 2023-24 We Touch Wt Piy W¢ D•n¢¢ rexheAI atotsi of: . 17 Venues (13 new to the ¢ompgny, 4 internati) • 52 Pcrfornwice5 1549 Audience . 3 sold out SIKJWS W¢ dev¢lop¢d a n¢w show, Th¢ Sticky DADce. the first n¢w prnject $in¢¢ 2019. A co<reation between Take5hi Matsumoto, and Co•Diffctor Rosie Heafford the Project builds on our child ¢04mtion model. Over a Ilkmonth pr(Ic¢55 worked with 171 Childre aged 0 - 7 year5 in 5 schw15 and nuT5erie5. in¢luding 2 SEND hr)Is. An additional 115 children and their gTvwn ups took part in our test perforniances for Family Audi¢nr¢5 - Lt's been an extraordinarily rich process. The Stioky Dnce c(COmMiSsiOned by Southbank Centre and Th¢ Place. and South Fast Dance. We also the pl¢a5ur¢ of working with Audience Arnb&s5ador5 (Kimberly Harvey, Ra¢hna Joshi. Chri5 FoD5ec4 Katherine Smith and Laurn Dajajo) sbzred their expertise. knowledge and liyed experience to SUPPOrt the project's development These 8rtisL8 bave formed our expert PanEI. PAge 4
Sw)nd Hand Dance Limited Trusteeg, Report During th¢ dev¢lopment process of Th¢ StKky Dnu izh 2023-24 K d¢livu¢d a totsl of 22 WQTk-inyogreJ¥ perforn)ances 8rtd reached a totsl of: I I Vcnue3 (6 new the CA)mpaDy) 409 Participants Wc premiered The Sticky D#D¢¢ at soUthbk Centre. 7- 9 Febnwy 2024. Follow¢d by rforMaNCeS at DanccEast. Ipswi¢h. We.. ' presented 9 Perforniances.. 2 of which for neurodiv¢r5e audiences . Yeach¢d 197 Audien The Stkky DaDc¢ bths fillle wurin8 plaDn¢d Natiojwlty and tuternloAIIY in 202425. We have maintained our international pYofil¢ and continued our advocxy through our work. Claire And Rosie presented thc eompany's working methothJlo8y at the Vll Encounter of Arts for (¢4rlyl childhood at El Peiit Festivol in Sabadell. W¢ perfomied Wt Toueh. We Pkny We D•n¢¢ at Musica Festival in Str&Sr El Petit Festiv and Opening Doors Festival in Akrysi. Over th¢ 1¥5t 6 months of tht year. trialled a CtrDirector5hip leadership nv)del. D¢v¢loped ITh consultation with the board. The Co•DiTe¢torship model is designed to enable shaTtd resp)nsibility ond offer the DKe358ry flexibility to m¢¢1 staff s e¢8S nttds and caring reSnsIbIlItieS. The nKJdel wa5 revi¢wtyl in January 2024. with fitr review And appTaisH] dAteJ s¢h¢duled for 2025. It has been & yeu of growth and developrneni for Se¢ond H8nd Dan¢e we ¢re&t¢d and toured new work worked towards developing a iustsiDabl¢ or8an15i0n with ¢¢95 a¢ its rknre. Wc're excited to put into action our planned pro8ramme fot 20225. FlnaD¢l•l r¢vl¢w The final position of the CoMpY u of 31 Marth 2024. with the bmu8ht foTwd of £24.501, is £35,563 of free reserves. We have seen an in¢r¢as¢ in income, from £186.278 (2022r23) £350.871, matnly 45 tt restslt of the wmpany, Status as an Arts Council End Natiottal Ponfolio Organisalion (NPO) where received i of £230,000. Our perfonnance and wrrkshop f¢¢s have reduccd by £21,234 to £51.667. Thi$ is not of wn¢¢rn as the miin Activity for the company in 2023124 was the creation and developmtni of a new project. Our ststus an NPO allowed u5 to I¢9¢ our arfivity and rKTuii additional ernployees. reflected in increased exp¢ndiwre. Expenditure has increased from £235.141 12022r23) to £339.809. The increase 15 mainly rcfleGted in artistic ¢xp¢nditure. with 5rnail in¢rewN in ditect C4J5ts *ttd tr8v¢I - 4 rellection of the incre8s¢d w5ts of living and inflation alon85ide iThcr¢ascd tiVIty. The additbon of funds to the tompanys ve5¢rves this year refleets its strate8ic plaDDiti& persistence, entrepreneurial spirit. and the strnng demand for its work from both the public and the industy. LkIng ahead to 2024125. th¢ compjny li wrlly5itioned to furth¢r stsbilisc its ¢or¢ op¢TatiOll5 while exploring new opportunities to expand its ra¢h octivities. Page 5
Second Hand Dance Limited Trnstees, Report Statement oftTVStees' resportsibilits¢s The thJ$tees (tho are also tbe dircctor5 of Snd Hand Dance LÉmited for the PUryKJS¢S of ¢ompany law) are respx)nsibl¢ for pr¢paring the tru5tee5' report and the finaDcial statemeThts in accordance with applicable law United Kingdom A¢coLmting Standar&s (United Kingdom GeTherally Accepted Aecounting Practice), including FRS 102 'The Finati¢ial Repotting Standard applicable iti the UK ond Republic of Ireland.. Tht report and a¢counts have been prepared in accordance wtth the prnvisions in the Companies Art 2(rf)6 relating to small companie5. Company law requires th¢ tnee3 to ptepare finanGial stsmettts for each financial year. UDdrr company l&w tbe tru5te¢s rnu51 not Apprtsve the fmancial statements unles5 they are satisfied that they 8iYe a true and fair view of th¢ state of affairs of the ¢haritsbl¢ company and of the iDcomiDg rOUr¢¢5 alld application of resources. including its incorne aDd txpenditttye, of the ¢haritsble compalhy for that period. Jn preparing these fujznciai 5tatemcnts. th¢ trustees are required to: select suitsble accouth8 wjlicies apply them consistently: ob5¢rve the m¢thods and principles in the Charitie5 SOBP. make judgements and estimats5 that are Te&8oDable and pnthDL' state whether applicable accountin8 St1rd$, ¢otuprisin8 FRS I2 have been followe¢L subje¢t to any rnateriai departures disclosed and explained in the financial ststements. and prepare the finan¢ial ststrments on the 80iD8 Concern basi5 Unless it is inappropriate to presume that th¢ ¢haritsbl¢ Company will continue in busine5S. The trustees aTe 5nSIble for keeping pmper accouDting records that can disclose with reasonable accuracy al any time the financial P05Ltion of the charitable ¢ompany and enable them trj ensure that the financial statements ¢omply with th¢ Companies Act 2006. They are a150 re5FK)Dsiblc for safegwding the assets of the charitable company and hence for iaking teawnable sieps for the prevention and dctection of frnud and Oth irrrgul¥rt¢ies. The tn]stees are responsible for the maint¢nan¢¢ and integrity of the corporate and financial itiforniation included on the charitable mPAnY'S website. L1$lati0tI governing the preparatiOD and dissemination of finan¢ia] ststements may differ from legislation in other jurisdiuions. Sm•ll COmPaDieJ provyion rttement This report h&8 been prepared in 8c¢ordaDce with the small compaDi¢S 8]me under the Companies Act 2006. The annual rep)rt was approved by th¢ tn¢¢5 of the Charity 29 Novcmbcr 2024 signed on its behalf by." M5 C A James TTUSte¢
sOnd Hand Dance Limited Independent EMIller,& Report to the trustees of Second Hand Dance Limited ('th¢ Company,) J to th¢ Charity InLStees on My examinatson of the accounts of th¢ Company for the year end 31 Marth 2024. Re8ponsibilitit5 Ind basis of r¢port A5 the Charity's tru5tCC5 of the CoTnpany (and also its directors for the purp05e5 of colnpany law) you 8Xe r¢sponsibl¢ for the preparation of the accouDts in accordance with the requiremeDts of the Companies Act 2006 ('the 2006 Act.). Having satisfied Tny5elf that the accounts of the Company are not rcquired to be audited under Part 16 of the 2006 Act and are eligible for Indepdent exanjination. I repon ID respea of rny examination of your Charity's a¢¢ounts os Carried out under section 145 of the Charities A¢t 2011 ('th¢ 2011 Act'l. In carying out my Examination I hav¢ followed the Dir¢¢tions given by the Charity Commission under section 145(5)(bl ofthe 2011 Act. Independent tnIDer'S ststtnie41t Siti¢¢ the Company's gtoss Rncome exceeded £250.(KKI yow must b¢ a member of a body listed in 5ertion 145 of the 2011 A¢t. I confirm that l am qualifieAI to undertake the examination b¢cau5¢ 18Tn a member of . which is one of the listed ljodies. I have cornpleted rny examiti*ion. I confirn that matters have L¥)me to my attention in ¢oDnection with the examination giving me cause to b¢lieve: l. Counting Te¢ords were not kept in respe¢t of Second Hand Dance Limited a5 requiytyj by se¢tion 386 of the 2006 Act or 2. the accounts do aw)rd with tlw)se rtcords" OT 3. the accounts do ntst ¢omply with the a¢countin8 requircm¢nts of s¢¢tion 396 of the 2006 Art other than any rquirement that the aEwunts give a 'tsw and fair VI whith 15 not a matter considered as part of independent examination: or 4. the count$ have not been prepared in &cordan¢e with the method5 and principles of th¢ Statement of Re¢ommended PTa¢ti¢e for accountiD8 and reportillg by ¢hariues lapplicable to £haritie5 preparing their accounts in accordan¢e with the Financial Rep)rtiD8 Standard appli¢abl¢ in the UK and Republic of Ireland (FRS 102)J. I have no should and have o)me across no other mattcT5 in ¢onneethon with the examination to whi¢h att¢ntion in orderio enable a ptOPeT understhnding of the accounts to be reached. N Coupl A DChA Northgate House North Gat¢ New Basford Nottingham NG7 7BQ 29 November 2024 Pagc 7
Setond Hand Dsnce Limited Statement of Financial Activities for the Year Ended 31 March 2024 UncludiDE Income and Expenditsre Account and Statement of Total Re¢ognised Gains and Losses) UDre5trirtvJ hdI Restri¢t¢d Totsl 2024 Not¢ Income aDd EThdowments froEll: )t)ations and legaci¢5 Chasitsble activiii¢s Other income 231.000 109.754 9,117 231.000 110.754 9,117 1,000 Total in¢om¢ 349,871 1.000 350,871 EipendRtsre on". Charitable ectivities 1338,809) (1.000) (339,8091 Totsl ¢xp¢ndittLr¢ 1338,809 1.000) 339,809) Net income 11.062 11.062 N¢1 mov¢m¢nt in fimd$ 11.062 11.062 Reconcilixtion of fids Total fund5 brought forward Tots] funds ¢anied fon¥ard 24.501 24.501 15 35.563 UDTe5trieted 35,563 Totsl 21123 Restrirttd fithds Notr Income and End0v1tts from: Donations ]d lega¢ies Charitable activities Other inwm¢ 70.910 11.653 70.910 101.898 13,470 245 13,470 Total income 103,715 82.563 186,278 Expenditure on: Charitable activities 151,458 83.683 235,141 Total expertdititre Net expendtttjre Nd rnovem¢nt in fimds (151.458) (83,683) 1235,1411 (1.120} 48,863 (47.743) (1,120) (48,863) Reconciii8txoD of funth Total fiLttds brought forward Total fithds carried fonvard Th¢ fiuth bakdOw for 2023 is Shown in DO 15. 72.244 1.120 73.364 15 24.501 24.501 Page 8
Second Hand Danee Limited (Regixtration number: 08440496) Balance Sheet as at 31 March 2024 2024 2023 Note Fiied 9ssets Tangible &ssets 285 215 Current s8ets Debtors Cash at bank and in hand 12 13 13.628 26.977 13.019 17.299 40.605 30.318 Creditors: Amounts faUiDg due withln ooe yer 14 5,32 6.032 r4et currellt Sets 35.278 24,286 Net assets 35.563 24.501 Funds of th¢ Charity: UnTestricttd inttsme fuDds Unrestricted fund5 35.563 24,501 Totsl fuBds 15 35.563 24.501 For the financial year ending 31 March 2024 the Charity Ks et)titlrJJ to exemption from audit under sertion 477 of the Companie5 Act 2006 relating to small COMP]¢5. Dir¢dors' responsibilities: The members have not Tequired the Charity to obtain an audit of its a¢¢ouThts for the year in question in accordance with 5ectiOD 476. and The director5 arknowledge their re5rrt)nsibilities for complying the tequiremeDts of the Art with respect to ac¢ounting r¢cor&s and the prq)dr10ll of accounts. These fmaThciai Statements have been prepared in accordance wtth th¢ special provisions rel]ng to wmpanies subjexi kn thc small companie5 regim¢ within Part 15 of the Compallies Aa 2006. Th¢ fu)ancial 5talemcnts on pagc$ 8 w 18 w¢t¢ appyoved by the truste¢s. and auth0ri5ed for issue on 29 Novemb¢r 2024 si8ned on their behalf by: Ms C A James Trustee Pa8e 9
Seeond Hand Dance Limited Notes to the Financial Statements for the Year EDded 31 March 2024 I Charity Status The Charity is limitrd by gwan¢, incorp)rateA in . and consequendy does not have shaTe capttsl. Ea¢h of the trustees is liable to contribute an amount not exceeding £1 towards the of the Charity in the event of liquidation. The address of its registered office 15: 75 HarA)n Way Epsom KT19 8HG Th¢s¢ financial statetthents w¢r¢ authorised for issue by th¢ trust5 on 29 November 2024. 2 AceountiDg poli£ies Summary of significant xceountitig policies and kry afCOUDtKrtg estimates The principa] cOUntIng poli¢ies applied in thc preparation of these financial statements are set out below. These poliGi¢s hav¢ bKn ¢ott$ist¢n¢ly applied to all th¢ years PT¢s¢ntr4 unle$5 Otherwi 5thted. St%terneDt of eompliatte¢ The financial statements bave b¢eD pf¢p3Ted in accordance with Accounting and Retx)rting by Charities.. Statement of Re¢ommended Practice (applicable to chari¢i¢s preparin8 their accounts in accordance with the Financi Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)) (issued in October 20191- IChaTities SORP {FRS 102)), the Financial Reporting Stsndard applicable in the UK and Republic of Irelalld (FRS 1021 and the Compamies 2006. Basis of preparatio Second Hand Dance Limid meets the d¢finition of a public benefft entity und¢r FRS 102. A55cts and liabiliti¢5 are initially recowjised at hi5torica] ¢ost or Ir8ThsathD value unle55 otherwis¢ stot¢d in the relevant aewunting policy notes. Going collcern The trustees consider that there are no Materia] un¢en8inties about the Ch8rity'5 ability th continue as a going concern nor any significant areas of uncertaillty that affeth the caThying vaiue of assets beld by the Chajity. Exemptiort from preparing • ush flow statement The Charity opted to early ado0 Bulletin I published on 2 Febrw 2016 and hffv¢ th¢r¢for¢ tv)t included a cash flow st*em¢nt in these financial statements. Income and endowments All inrome is r¢wgnis¢d on¢¢ the Charity h&8 entitleTnerrt to the in¢om¢ it is probable that the income will be ¢eived and the amount of the income receivable can be measured Teliably. Page 10
Second Hand Dxnee Limited Notes to the FinAncial Statements for the Yerdr Ended 31 March 2024 Grnnts recavqble Grants t recognised when the Charity bas an cntitlemeni to the fimds and any ¢ondition5 linked to the 8rants have b¢¢n m¢t. Wh¢re p¢rfom)ance conditions are attached to the grant and ar¢ yet to be mel the illcom¢ is r¢cogThi5¢d 49 a liability and in¢lud¢d on the balance theet as deferred income to be rclca5a. Expenditure All expenditure is reco8nis¢d onc¢ there is 8 le881 or ¢oDstru¢tiv¢ obligation to that ¢xpendithr4 it is probable settlement is required and the amount ¢an be mwured reliably. All costs tre allocated to th¢ oppliuble expenditure heading that a8gregatC similar costs that category. Where costs )1 be dire¢tly attributed tt) particular headings Ih¢y hav¢ b¢¢t) allal¢d on a basi5 consistent wtth thc use of resourtts, with ¢¢ntral 5ff costs allocated on the ba5]$ of tim¢ spenl and d¢pr¢¢iation ¢har8e> allocated OD the portion of the assd's ug¢. Other support C95t5 Allo¢at¢d based on the $pread of staff costs. Clwarliable 4crivlrfes Charithble expendinwe compli5¢5 tlw costs incuned by the Charity in th¢ delivery of its VitieS and servic¢s for its benefici1¢$. li includes both costs that be allocated directly to $u¢h a¢tiviti¢s •nd those costs of indirect natIe necessary to support them. Governance colts Th¢3e include the Costs fftttributable io the Charity'5 compliance with consilNuon 8nd gtstutory requiremertts. in¢ludiTh8 audi4 strate8ic managdlleni and trusiees m¢e¢in85 aThd reimbursed expenses. TaAitAon The Charity 13 ¢onsid¢red to P5 thc tests set out in Paragraph I Schedule 6 ofthe Financ¢ Ad 2010 and therefore it me¢t5 th¢ definition of a ¢haritabl¢ company for UK corpoNion l&x purp05cs. A¢rordingly, th¢ Charity is potentially ex¢mpt f¥om taxation in respect of income OT ¢aPit•l 82ins received within teOriES ¢ov¢red by Chapter 3 Part I l of the Corporation Tax A¢t 2010 OT S¢¢tion 256 of the TBxation of Char8eable Gains Act 1992, to the exteTht that such incom¢ or gains or¢ applied exclusively to ¢hwithble pwposes. T•nglble filed Asiets Individu fixed assets ColAS £IIXI or llK>f¢ we InitilY recorded cost. lem any subsequEnt attumulated deprecialion and SubseqnI lad impainn¢n¢ IoJ3e>. Dprecl•tlon •nd mortlstloD Depreciation 15 provided on Wi8ible red assets w as to writ¢ off th¢ cost or valuatioN less any ¢stimatrd residua] valy¢, over their expttied us¢fvl KODomic life u follows.. A59et clJJ Furniture and equipment D¢preci*tlOD method illd rate 25Y• Reducing 18¢¢
Second Hand Dance Limited Notes to the Financigl Statements for the Year Ended 31 March 21124 TrAde debtor5 Trade debtOTS are arnounts due from customers for rnuch&ise sold or services PErfornied in the ordinary cours¢ of b]neSS. Trade debtors ar¢ rQgnised initiaity at the transaction price. They are subsequendy rnvd5ur at amonised cost using the effective interest method. less provision for impairn]enl. A provision for the impainnent of trad¢ d¢btots is established when theTe is objective evidence th¢ Charity will Tb)i be able collect all aMOuT due aceordÉn8 to the original Tern of th¢ receivables. Cash and c4Jh equivalents C&8h and c&sh equiydlents ts)mprise wh on hand and ¢all de[SIts. and other short-tsrm highly liquid investh)ents that ar¢ T¢adily convertiblc to a kllowrL amount of cash aDd ar¢ subject to an insignifir1 risk of change in vHlue. TrAde tredstors Trad¢ ¢r¢ditors are obli8ation5 to pay for 8)d5 or Services that have been acquirtd in the ordinary cour5c of bu5in¢ss fiDm suppliers. Accounts payable a c1]fied as Current liabilities if the CtMTity does not have an unconditiona] righi at the end of the rep)rtÈllg P¢Tiod, to defer %ttl¢m¢nt of tbe crditor for at Iu5t twelve months after the r¢ponin8 date. If there is an wiwnditionai ri8bt to dcfcr s¢ttkm¢nt for at leasi twelve months after the rep)rting dai¢, they are presented as non<urr¢nt liabilities. Trade creditors are recognid initially at the tfaDS8CtiOn price and subwuently measu at aDY)rti5ed cost Using the ¢fftt*ive interest Tnethcwj. Borrowingj Int¢re5t.beaTing tM)rrowi08s are initially recorded at fair volu¢. net of transaction Costs. knt¢Te$t.Fr]ng borrowings
re 5ub5equently canied at amortised cost. with the diffeTen¢e ben*ten the proceeds. nct of transaction costs, and the
arnoutbt due QD redernption being recognised &8 a charge to the Stat¢m¢Tbt of FiJJancial Adivitie5 over th¢ period of the relevallt bom)wing. Interest expense 15 recogtiised on the b&81$ of the effective interest method and is included in interest payable and similar charges. Borrowings are c1&8sified &% cunI liabiliti¢5 unless the Charity has an unconditional right to defer Settlement of the liability f at It twelve montlLS afterth¢ WM)rtin8 date. Fund gtrnrture Unrestricted income funds genenl fimds that ate available foT Use at the trvstees discretion in furtberdnre of the objectives of the Charity. Restricted inGom¢ fidS are thos¢ donated for usc in a pllrti¢ul* ar¢a or for spectfic Purpo the use of which t$ re$tricted to that area OT purpose. Pag¢ 12
Second HaDd DaDce Limited Note5 to the Financial Statements for the Year Ended 31 March 2024 3 Income from doD•tions and leyfies UDrestrirt¢d fuDds Genernl Rtstri¢ted Totsl funds Grpnts. includitig capital grants: Grants from other charities 231,000 231,000 Totsl for 2024 231,000 231,000 Total for 2023 70,910 70.910 4 ID¢ome from cb•rltsbie •ttivltles UDreJtridtd fuDds G¢n¢r•l Rutrf¢¢e41 ruthds Totsl rundj PerfOrnI¢¢ And workshop Commission and ConsultrY 51.667 58.087 31.667 59.087 Totsl for 2024 109,754 1.0 110.754 Totsl for 2023 90.245 11.653 101.898 5 Other Incotht Unrertricted Tot*1 2024 Totlll 2023 GeDer•l (Yther income Theatr¢ t&¥ Telief 1.418 7,699 9,117 1.418 7,699 13,470 13,470 9,117 P88¢ 13
Second Hand DaDce Limited Notes to the Financial Statsments for the Year Ended 31 March 2024 6 Expenditsre on ebaritsble Athiti Unrestricted fvnds GenerAi Tot*1 21124 Pr1CtIOn C05t Direct cost Artistic ¢xpendib]re Trdinin8 Cost Insurance Sollwar¢ and Con5um&bl¢s Sub5cripltOnS Travel expeD5es Advertising and promotion Consultancy Depreciation Prin1ll and stationary Le8ai and PfeSsional eo 15.805 74.098 203.629 .315 2.121 1.382 1.391 24,237 9.233 2,725 95 138 1.530 1,0 16.805 74,098 203,629 1.315 2,121 1,382 1,391 24,237 9,233 2,725 95 138 1,530 337.699 1,000 338.699 UDre5tricttd fid$ GentrAI Totsl 2023 nds Producti¢)D COSt Direct cost Artistic expenditure Ttxining cost Rent In51]ranct Software and Consumables Subscriptions Trdvel expenses Adv¢rti$ing and promotion Consultancy D¢preciation Printing and ststtonary Legal and professional co$t 3,336 35.918 92.330 828 14,198 44,533 2,271 780 2.048 170 4,164 50.116 136.863 2271 780 2,905 1.054 1.237 19,078 11,306 1,515 857 884 1.237 10.691 846 1.515 72 88 1,464 8.387 10.460 1.464 149.238 83,683 232.921 Page 14
Second Hand Dance Limited Notes to the Financial Statements for the Year Ende4J 31 March 2024 In thition to the expenditure ana]y5ed aly)vc. theTe are also govenwhce costs of £l.I 10 (2023 - £22201 whi¢h relate dire¢ily to ¢harttsble acttvitie5. See note 7 for fillther dthils. 7 Anatysis ofgoYern%nee aDd support ¢0sts GoverniDct eosts Ullrestri¢ttd fund5 Cener41 TrJt•I ttds Independent ¢xatDiner fees Examination of thc financi stements 1.110 Totsl for 2024 1.110 Totsl for 2023 2.220 2,220 8 N¢t illtomiDyJoutgoint reJoiiTe Net incominsl(outgoing) resources for the year in¢lud¢- 2024 2023 Depreciation of fixed assets 95 72 9 Trustets remuDertirJn ADd e4)ensts No trustees, nor any persons wnneLted with them. hav¢ re¢¢ived aDy Tcmunerthn from the Chtrity dwing the year. 10 T*x8tioD The Charity is a registered charity and is th¢r¢fore exempt from laxation. Page 15
Second HaDd Dan¢e Limited Notes to the Financial Statements for the Year Ended 31 Mah 2024 11 Tangible ed 8yaets Furnitsre and equiprnent Tot1 Cost At l April 2023 Additions 5,303 165 5.303 165 At 3 1 March 2024 5,468 5,468 Depr¢citi¥J At l April 2023 chge for the year 5,088 95 5,088 95 At 31 March 2024 5.183 5,183 Net book vlue At 3 1 March 2024 285 285 At 31 Marcb 2023 215 215 12 Debtors 2024 2023 Trade de¢x$ Prepayments Accrued income 7.060 959 5.000 929 12,699 13,628 13,019 13 Cash and eash tquivlents 2024 2023 Cash at bank 26.977 17.299 Pa8e 16
Second Hand Dance Limited Notes to tbe FiDaDcial Statements for the Year Ended 31 Marcb 2024 14 Credilor5: mouttts fUiog due within one yer 2024 2023 Trdde creditors Other tsxation and Social security Other ¢r¢ditors Accrua]5 4.172 1.867 450 3.010 1.860 5.327 6,032 15 Fun<b Bxlance at I April 2023 Resources t%pended Blanee It 31 March 2024 rtsoiirce5 Ullretri¢ted fuds General General fund 24.501 349.871 (338,809) 35.563 R¢stricted funds Commission income 1,000 1.000 Totsl funds 24.501 350.871 (339.809) 35.563 IDcomiDg re50llrce5 Resources tipended Balance It 31 March 2023 ApTS12022 Unrnstrict¢d funds Gener General fund 72.244 103.715 (151.458) 24,501 Restricted Elevate TouriTh8- Touch- 2022 ACE Touring- Touch- 2022 Japan Dev¢lopm¢nt- Touch- Adaptation for disabled audiences 13.177 (12.057) 50.¢XIO 16.910 (63,177) (4.853) (4.000) 11.653 (11.653) Totil rnstricted funds 1.120 82,563 83.683 Total funds 73.364 186.278 (235,1411 24.501 Pag¢ 17
Second Hand Dance Limited Notes to the Financial Statements for the Year EDded 31 March 2024 16 An]ysis of 4ss¢ts betY4eeD UDrertricted Tot1 fvnds at fllnds 31 Mr¢b G¢neral 2024 Tangible fixed Sets Current assets Current liabilities 285 40.605 5,327) 285 40.605 15.327) Total n¢t wets 35,563 35.563 Unrestritted fullds Geoeral Totsl fuDds #t JI March 2023 Tangible fixcd assets Current assets Current liabilities 215 30,318 6.0321 215 30,318 (6.0321 Tots] net &85ets 24.501 24,501 17 Related party trxDsactio There were no related party tran10 in the yw. Page 18