Company registration number.. 08440496 Charity regi$ti*ion number.. 1199318 Second Hand Dance Limited (A company limitsj by 8uaTalltee) ADnuai Rep)rt and Firmcial StAtun¢Dts for the Year Ended 31 Mar¢tL 2024 RWB CA Limited Northgate Hotsse North Gate New B&sford Nottingham NG7 7BQ S&Ybnd HaDd Dance Limited CoDtents Reference AdmiDistrattve Detsils Thist¢es' Report 2to6 Ind¢pendent ExarniT*s Report Statement of FinattcI￿ A¢tivrtie5 B8]ance Sheet Notes to the Firtati¢l￿ Sithmej Ioto 18 Second Hand DAnee Limited Reference and Admini¥trntive Detaib Ch•rlty ReEistr*tirJn Nurnber 1199318 Comp*ny R¢￿tIllIon Numbtr 08440496 Re￿tered 75 Hazon Way Epsom KT19 8HG Illdeptndtnt EX￿￿)er RWB CA Limitrd North8ate House North Gste New Basford NG7 7BQ Po8¢ 1 Seeond HaDd Dan¢e Limited Truste&4' Report The tr￿lees, who are directors for the pUr￿se5 of company law, present the ￿Ul1 ryrt together with the finan¢iai statements of the charitable o)mp8ny for the year ended 31 Marth 2024. Governlnt Do¢wnellts Second Hand Dance is a charitabl¢ limited by Buarantee inwJp)rated on 12 March 2013 gnd re8iStered ag a Charity on 15 ju￿ 2022. The Ch￿lty is Contsolled by its 8overnin8 do¢umenL its Memorandum & Articles of AS$￿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 B0￿d of TA￿1¢￿. is Boverned by the Articles of ASSOCI￿10￿. 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 SIngle￿ll Ms C A James Cb*rlt*ble Purpo8t Swond Hand Dance's tharitable objects are Sp￿lfi￿lty 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 W￿rk ￿ festtyals and venues {inteTlnationally. collaborating with edu￿tional 5pecLaii5ts to crtate acci)mpanying resour￿5 and athivities. Our vision is a wDrld whet¢ dance and plrdy ¢ ¢¢ntral to the live5 of aiL res￿dIeS$ of ability. Second Hand Danee Limited Trust￿, Report Strncture and Governlllce The charity cu￿￿lY h&% a Boud o)mprised of thTe¢ r￿￿X￿Ut1ve 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 d￿lOp$ 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. Emph￿15 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 cduc*iOn and Child developmenL disability policy and communications. Trngtee IDdll¢tion and Tr*iniDg 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 Orga￿1$all0ll io the best of their abilitics. Regervej Policy The Ttustees have r¢viewed the charitys needs for rnrves ID line wth the 8uidance issued by the Charity Con￿ls51￿n. The Trust¢es airn to frstty ￿ThId a level of uDreStrI¢￿ Reserves wbicb enables the ¢harity to have Sufficient financial r¢sour¢¢s to meet Wdrious liabilities which would Crys￿11$¢ if Second Hand Dan¢e's fvnding were to be withdrdwn al￿Or 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 Tn￿te¢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. Gr*Dt Making Policy The ¢haTity does not CUTtently engage ID ￿nt.n￿k1Trg ¥tivity. The Contributiort of Volwntsers The d￿rity does not CWTentty make use of V0h￿tea5 to supp)rt its a¢tiviti¢s. Rijk The Trustees have given ￿nSIde￿I0￿ w tbe rnaior tisks to ￿1¢h the elwity is expos¢d and 5ati5fied themselves that systems orpToceduTe5 are established iti 0￿crI0 malla8¢ those Ti5ks. Aehievtments ind perfOnD￿¢t 2023-24. Second Hand Dance's fitst year as an Arts CouDciI F￿gland Nitional Portfolio Org#ni$ation (NPO) Saw many achievements wtthin our artistic advocacy and ¢)rgani5ationa] deYclopttLent. The otganis￿lon21 structure of the company h85 dtve1o￿d with th¢ aptK)intmeDI of three new w5ts. GeTL¢fdl Manager, responsible for organisational mnagemrt and Panicipation and ￿8?8¢l￿ent Produc¢r, r¢5ponsible for managin8 relatioDships with Specialist SEND SEhool$ and charities includin8 National Autistic Society and Creative Crawley, and Wt premiered the thpied version of We Toueb, W¢ Phy. We D*nfe 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 Pi*y 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 allocated OD the portion of the assd's ug¢. Other support C95t5 Allo¢at¢d based on the $pread of staff costs. Clwarliable 4crivlrfes Charithble expendinwe compli5¢5 tlw costs incuned by the Charity in th¢ delivery of its ￿￿VitieS and servic¢s for its benefici￿1¢$. li includes both costs that be allocated directly to $u¢h a¢tiviti¢s •nd those costs of indirect natI￿e 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 P￿5 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 ￿te￿OriES ¢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 Co￿lAS £IIXI or llK>f¢ we Initi￿lY recorded ￿ cost. lem any subsequEnt attumulated deprecialion and Subseq￿nI ￿￿la￿d impainn¢n¢ IoJ3e>. D*precl•tlon •nd *mortls*tloD Depreciation 15 provided on Wi8ible r￿ed 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 cl*JJ 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¢ r￿Qgnised 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 insignifir￿1 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