Company registration nutnber.. 08440496 Cbarity registration nurnber: 11993 18 Second Hand Dance Limited (A (on4)any limited by guarante¢) for the Ycar En&d 31 March 2025 RWB CA Limited NorthgY4tc Hous¢ North Gate New Basford Nottingharn NG7 7BQ P•y 10121
Second Hand Dance Limlted CoDtents Referettce aDd AdmiDithtsve Detsi]s Tnst¢es' R¢port 2to7 Statement of FiTWLcial knivities Balan¢¢ Sh¢¢t 10 Notes to the Financial Statell*ttts Pop2c421
Seeond Hand Dance Lfinted Reference and Administrative Details Charlty R¢giJtTatlon Number 1199318 Company Rwstrxtion Number 08440496 Reglstered Office 75 Hazon Way Epsorn KT198HG llldepelldellt ExAD15D¢r RWB CA Limite41 Northgatc Hou North Gate New Basford Nollingbam NG7 7BQ Pagc I .P•p3rf
Second Hand D2nce Llmlted Truste¢s' Report The trustee5. who ar¢ director5 for thc pwposes of company law, present the IDUal report together with the fitWLci815tatemcnts of the charitable cotllpany for the year ellded 31 March 2025. Struttur< governance •nd maD%gemenL Governlng DotVJDents Secolld Hand Datw¢ is a cbaritable ¢orllp2ny limited by guaT8th# iticorporatrd on 12 Mareh 2013 and regist¢r¢d as chaiity on 15 2022. The cbarity is ¢ontrolled by its governing dMellt. its & Articles of Associatio as atllEnd¢d by Special Re501ution on 2 Nov¢mber 2021. and constitutes a limited company, limited by gurnt¢e, &8 defined by the Companies ACL Eligibility for rnernber5hip of the cbarity, and Mbersh of the Board of Trustees, is governed by the Anicle5 of Association. There are no re5tri¢tiot)s in the 8ovcrning docu1 on the operation of tb¢ cbarity other than those imposed by 8enernl clwity law. Trustees and officeTS Tntr$'. Ms L R Wildish Mr J R Singleton Ms C A Ja[[S Ms Ra¢Ptt Joshi (appoin*d 4 Octob¢r 2024) Charftable Purpo Second Hattd Dan¢¢'$ charithble objccts arE spe¢ifi¢ally restricted to the followi. To advance the ducatiots of, and to promote the public appreciation and participation tn the art of dance for the public benefiL in particul8T but ttot exclus&vely through tb¢ provision of pcrformances. trainin& workshops and otIr such events. Sccond Hand Dance is a disabled-l¢d dance conwany creating bo] accessible perfornwKes, digital projects and events for ¢hildr¢n and adults. We present ow WO at festiYa]s and venues (inter)natiotVdlly, collaborating with educatioll&l 5pe¢ialists to create a¢con]panying resources and activities. Our vision is a world vknere dance and play are central to the live5 of alL reg1¢5$ of ability. Page 2 Pty•4 t121
Se¢ond Hand D2n¢e Lfinted Trnstees, Report Stru¢tsre and Governance The charity currcnily ha5 a B¢)ard cOnrised of f¢)ur nonertive TTUSW& I] by th¢ cbair Cath Jan. Th¢ C¢)mpany's Board of Ttwtee5 n%¢t ¢v¢ry quarter. At ea¢b eling it Considers a detailed report froDJ thc Co . Dire¢wrs about pasL c¥Jrrent at)d re activity. The Board also rec¢ives and CODsider5 fLnan¢ial rerA)rts prescntcd by the Co - Directors and proposals for fijllwe nKdÉum atwj loDg-tmn strategy. At appropriate limes, individual or pairs of TrteeS may also ¢onvell¢ to fo¢% OD particular are•s of adivity such as Tnte¢ recruitnt and Board developDll1. Tn$. respon5ibilitie5 are detsiled in Scc4)nd Hand D2ce'S Board Role a] Respowibilities DocurnenL in line with the Cbariiies Conynission requiremetits and in full compliance wtth the Companies Act. Th¢ Board reviews its perforn)all¢¢ a8aiD5t these iem]s annually and develops adion plans to ensu they continue to me¢t their respoD5ibilitie$ ot) an OD80iDg basis. RecrultmeD¢ xnd Appolntmettt of Boxrd of Tnutets Trustees are appoint¢d following a review by the Board of the T¢levant skills and ¢xpericnce the Con)parLy rquire5. EmphIS is currendy placed on Securing a ¢¢)o]mitttd. engaged and diverse iv)anl who can reflert the lived experien¢¢ al interests of Second Hand D¥ll¢e'$ audi¢nce5 panD¢rs. Particular skills currently sought across fJnan¢ial. Hk and re¢ruits)Yni, entertainTneDt ]aw, prirr&ry dation and cbild dcvelopmeni disability policy and cornmullicAtiot)s. Trusteg Induction gnd Tr•lDIDg New trustees receive an inductson from the Chair and Dominated TnLStecs which includes detailed ba¢kgrouDd infonnation aboui the Company and Charity Commission documents Outlining their responsibilities under charity law. In additio they $p¢nd tiur with th¢ Co - Dircctors to ¢sUre that th¢y are familiar with the work of th¢ Conjpany, its priorities at)d how it is run and Under the comnjwties they WO witty as well as viewing work itj rehearsal and perforrnatlce when po55ible. 0llg0ig dev¢loprnent opporniniti¢s ate Provid to th¢ boatd to ertsu TO are upskn'l1 and 8ble to s¢rv¢ the organisatiott to tbe best of their abilities. Reserves Poll SecoThd Hand Dattcc's reserves policy is that the orgatiisation sha]I maintain genernl fvnd Teserve5 equal kn a minimum of thr¢¢ months, Salary costy &s w today's d&t¢ this stands at £41.971, plus £4.5(K) for legal ctssts. if r¢quir¢d. This policy is s¢t to ensure thot liabilitiw can be &s thry fall due. and tbat the orgAtiisation ba5 thc l]exibihty to react to aTry Chang in fimdn Grttt Making Policy The dwity does not currently ¢D8aBc in W-tiwkiD8 activity. P8g¢ 3 PwbS0121
Second Hand Dance Llmlted Trustees, Report The CoDtrlbutlon Of Volllllteers The cbarity doe5 not Curr mak¢ we of voluTttaS to support its activitie& Iljsk MAD8gement The Tru5tee$ hv¢ given )sIdeiOn to the njOr tisks to Twhicb tbe ¢lJ8rity is exp)sed and satisfied themselves that or procedures are establishcd in orderto manage kn risks. AeblevemeDts and p¢rforJD8nee 2024-25 marked S¢cond Hand Dance's S¢TrI year as an Arts Council En Natiottal Porfolio Orwdnisatioll (NPO), durin8 which we continued t(p see Si8DifThnt wowth a¢ro&s our creative projects, advocacy worl and orgaoisational development. Organiiational Dtvelopmtnt Key devel¢Jpments included the appoinmKnt of two new role4 knior Produccr (leading on our national and ititernatiot)al touring) and Support Work¢T and AdtnLn1on Coordinator. These new posts strengthen OUT capacity to meei demand for our work and expand our wbilst increasing our swtsinability, and providing additional support for our th"sabled CrpDtrector. The ncw model positively 5UPPOrts our ¢ot)unitment to inclusive leadership. Tbese Cbanges forn] pan of a broader phase of orgaDisati¢)nal developmenL guAd¢d by ¢xtenRI con5uliant MorA8 BallantyD¢ and undertaken th¢ full sUp[rt of tbe Board of TnLStees. Tourlng Following its premiere in February 2024 The Sticky Dance. co<reated by Tak¢shi MatsuttM)to Al Co-Director Rosi¢ H¢afforf embarked on # 30 date UK tour. The show had Éts iut¢matioJMJ premiere at Tanzhaus mw, Ditsseldorf(G¢rnw]y). Across the yearvle built 10 D¢W partDerthp5. 6 with Durs¢ri¢s and SEND sclMJo]s. In 2024-25 The Sticky Dance rta¢ld.. 1,822 ALJdi¢n¢es and . In 25 Venues (9 new to the ¢oryyny, l international) ' across 75 Perf0me* alld ' stsld ou¢ 18 shows We TOUC We Play, We D8nc¢ had its Korean prEmiere in Seoul. This included pcrfornthtt¢¢s at MODU Arts Theatre. arl art% venue for disabled artists and audierw whcre wt also led a workshop on C(Creating work with and for Early Years and Neurodivergellt Audiences. In 202¥25 W¢ T0h W¢ Play W¢ Dancc reached a tolal of. . 676 Audience5 . In 4 Vellues (all ttew to the Mpar&Y and intrrnaiioDal) • across 20 PerforrnaDce4 and . sold out 3 shows Page 4 P4a8d21
Second Hand Dance Limlted Trn5tees' Report The year also saw arl increase in the rea¢b of our digital projects with su¢enings of the Getting Dressed fi]n at tbe Young DanG¢ Film Festival, their Swiss pmM¢r¢. and both Grass and Gettin8 Dre55ed ai th¢ V&A London. Acros5 the yw, our fi]ll reacbed 8 tothl of: 709 Audiences . in 2 V¢nues11 intcrnatiotsal) acros5 27 ScrceDillE5 Across the 11 year, our activity Tcacld a total of. • 3.207 Audiffllces • In 32 venue5 (6 internatiollal) • A¢ross 122 Performan¢eslS¢wi Partlcipitlott #nd Engagement 2024-25 Saw an in¢r¢ased inter1081 profil¢ contributiott to th¢ global dialogue on I¢¢¢, inclu8ion, and particl110n though keytsote speecbcs and preseAtatioDs at major cvcnts in Gernw including Fa¢btsg TaDZ & Inki810 Stralsutml and TraDsfornwtion Through Parti¢ipation confrrence at Staat 0ra Ml¢h. Th¢ forn allowed us to test 3 hybrid presentrtioo model: onc tsDirecror in perso the other vwwally, showcasing a creauv¢ approach to inclusion. In additio SVE dc]ivered creative CPD worksbops ID South Korea and the UK. W¢ att¢nd¢d l¢adin8 festivals auoss Europe includiD& SWOP Festival ill DeonJarK El Petit ID spa] Krob Festival in Be]g1w atMI the AssrrEJ Artisti¢ GatberiDg iti Marseille, Fra1¢. These a¢tivitic5 broadeDed our ll¢two and allowed us to identify polelltsal ¢ollaborators and future partDcrs among global pe¢rs in theatre and dance for young auth"en¢¢J. Sector DeveloPnoI Our role in sector leadersbip strengthened thi5 year. We sit on the Assitej UK Board and joined the PCrfOrnw foT Young Audi¢n¢es Englaud Ikvelopmeni Group. helping shape a new Dationa] prograrnn focused on diversity, talent developmeni advocacy. and intrrnational collalmyrdtion. We also continued to champion inclusion through our work with the BarTid5 to Progressioll 8nd Empl0C¢ in Dance for Disablcd People sr¢¢rin8 8roup. who Support a research SDJdy 8rd rewt that was shar¢d sl0r wide. Ill Con¢lu$loD 2024-25 saw Second Hand Dance dew its artistic impaci inueLse its $taInabI1ty. growth d. new roles and inclusive leadership practices devel the organisatiO increasing ovr cycity and Sustsinability. Our touring work sharcd The Sticky Dan¢¢, W¢ TOUC We P]8y, W¢ Dance and our digitsl dance filll to n¢w UK and intemational audiences. CPD Wotshops. fellival atteT)dawe and creative i#itsatives hclpcd broadcn participation and et)gagernent OD an inmatioJl scale. Sector developtnent included leadership in Dational initiativ¢s and advocacy for inclusLOD. In 2025-26. we wryll build on this Tnotnentum through fiuther touring. a library adaptation of Th¢ Sti¢ky Dance. and the reseax¢h and developmcnt of aoew slattd ts premiere in March 2027. Pa8e 5 P•p• 7ofti
Second Hand Dante Limited Trntees, Report FAn4n¢lal revfielr The fal position of the cornp#ny as of 31 March 2025, with the brought fonvard of £35,563, is £).046 of We have seen att in¢r¢ase in incomc, from £350,871 (2023r24) to £404,135. [Da]Y as a result of iticreased Theatre Tax Relief claim of £33,199. Our performance and workshop fees have increased by £11235 to £62.902. This 15 due to the main activity of 2024125 being the touring of The Sticky Dar)c¢, created in 2023ll4. coosultancy income reded by £6,506 to £493. tbi$ is Dot of eonccrn as activity on touring ill this fiTwKial y¢8r. Expet)ditLLre has increased slighdy from £339.809 (2023f24} to £349.670. The increase is njainly reflected tn direct Costs incre&sin8 by £15,747 to £89,845 {2024r25) - du¢ to Incre activiry, and travel expenses increasing by £20,990 to £45,228 (2024125) - a Teflection of inCre¢d to adivity. aloogsid¢ inuwed costs of iiviD8 and infiatio The ad4Jition of fijnds to the COllLpanYs reserves this Y r¢flects its strategic plant)in& persL5tetsc¢, ¢ntrepreneurial spiril and the strong demand for its work from both the public and thc industry. Looking alth to 2025126, the company 1$ in a strong SitIon to cowlidate its ¢ote OF*Trtiotts while actively pursuing new creative oppotmjnities and cxtending its ch to llew teffiiories. Page 6 Pao•8 of 21
Second Hand Dance Limited Tru5tees' Report Statement of tru$t¢es' respoDJibilitie# The SteeS (who are also the direcwrs of SecoThl Hand Danc¢ Limited for the purposes of company law) ar¢ responsible for preparing the twstses, report and the fmancial ststements it) accordance with applicable law and Unii¢d Kingdom AccouDting Standards IUnid Kingdorn G¢nerally Accepted Accouniing Practi¢¢), including FRS 102"The FitMt)Ci81 Reportin8 StaDdard applicablc in the UK alld Republic of Irc]and'. Company law requircs the trus¢es to preparc financial statemcnts for each financial year. Under CQTnpany law the Jstces nirt approvc the fin8ti¢ial stst¢ments Unless they are satisfied that th¢y give & true and fair view of tb¢ state of affairs of the charitable ¢onJpatty and of the IolDg resour¢¢s and application of r¢sourc¢s. including its in¢onw and ¢xpenditure. of the c]w"itsble ¢ODJpany for that puiod. In preparing these fmancial statements, th¢ trustees are required to.. 5¢1Kt suitable ac¢oulliin8 policies al wly them COLsisienty, ob8erve tbe mcth¢)ds and PTincipl¢s thc (hritic5 SOR. make judgements atsd &stimates that are reasoDabk and pnellL stste whetbu applicable a¢¢ounting standards, cottyrisin8 FRS 102 hav¢ followrf subject to any material departs discloscd and explained it) the fmancial statements.. and cb8ritsbl¢ company will colllillu¢ in b1n. The tru5tee5 are Tesponsiblc for keeping proper acwvnting records that disclose with reaSOble UraCY at any time the fi]wJcial position of the chan'tsble MpanY and enable them io ¢n5ure that the financial stat¢ments comply with the CompaDieS Act 2¢)06. Th¢y are also responsible for safeguarduig the &sets of the charitsble company and hence for tsking reasoDablc steps for the prevenuon aj d¢i¢¢tion of fraud and other irre8ulariiies. The trustees are respotjsible for the mainteDgn¢¢ 8nd intwity ofthe wwyrate and fmall¢ial inforn)ation included on thc charitable company5 website. Legislation governing the preparatiotk ard dissemimtioo of financial statemrnts may diff¢r frorn Icgisiation in oth¢r jurisdictions. Srnll ¢omp8DS¢5 provision stAtsnxDt This report kn been prepartsl in aCwrdae with the cornp8ni¢s re8itiK under the Conwies Act 2LKI6. The alal rrwrt was approved by the trustees of the Chlty on 3 November 2025 a1 signed on its behalf by.. Ms C A JaDxs Trnse Pw7
Second Hand Dance Limlt¢d Independent Examiner'$ Report to the trnstees of Setond Hand Dce Limited ('tbe Company,) I rcport the Chty trustee5 on my ¢yamiDatson of the accourts of the Con¥3ny for the y¢4T ended 31 Mar¢b 2025. Responsibi]its¢s And b*sis of report As th¢ Charity's tsWtees of the Cornpary (and also its directors foT the purposes of cotnpany law) you are respo]ble for the preparation of tlK aca)UEts in &wordance with the requirellts of the ConJpanI Act 26 {'th¢ 2006 Act,). Having sati$Ged myself that the accots of the Compony a not Tquired to be aAlted uDder Part 16 of the 2006 A¢1 and ar¢ ellble for independent ¢x)m]tiO11 I report in rr5pect of my examination of your Clwity'$ ¥COUt)ts as catti¢d out UDd¢r section 145 of tbe Cbarities Act 2011 ('the 201 l Aet,). In carryiog out my examitwtion I have followed th¢ Diwtions 8iven by the cban.ry ComtDiS5wn uthd¢r section 145(5Xb} of the 2011 Act. IndepeDdeDt exwDiner'i stAt¢mtttt Since thc Compa$ rn in¢om¢ ex¢eeded £250.OLKI your exami llknLSt be a member of a body listed in wtion 145 of the 2011 ACL I confirnl that l am qualified to the exatDiDatiOD because l arn a rnembu of , is one of th¢ listed bodi<4. I bave cornpleted my examiratioL l Confm thai no matter5 baye Come to my att¢ntion iti coJwe¢tion with the exatDinatiOD gi'ving me ¢aw¢ to lIeVe. l. a¢¢ountiDg were )1 kcpt in resp¢cE of Second Hal Dance Limited &8 requued by section 386 of tbe 2006 A¢l or 2. the accounts do not accord with those record5.' or 3. the ac¢ounts do not ¢omply with the accounting reqUIreD] of 5cctioD 396 of the 2006 Act other than any requirellt that the a¢¢ounts give a 'true and hir vieW whi¢b is not a matter ¢onsid¢red part of an ind¢p¢nd¢Dt exarninati or 4. the accounts have not been prepared in accord&nce with th¢ and principles of the StsteTllent of Recommended Practice for a¢Unn8 and rert]llg by charitie5 lapplicable to ¢harities preswing theiy accounts in aecord8n¢e with the FiDaDcial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have corthe across no other rnatTrr5 in ¢otme¢tion with the exatDination to whi¢h attention shouid be drawn in this reFrf in order enable a prop¢r understsndin8 of the attOts to be reacbed. Mr N Bonnello FCA Northgate House Nortb Gate New Basford Nottingham NG7 7BQ 3 November 2025 Pw8 10of21
Second H4nd D%n¢e Llmlted Statement of FinAneiAI Activfitles for the Year Ended 31 March 2025 Oncluding IDcome and Eenditure Account and Statement of Total RecogDis¢d Gaios And Losses) Unrestrltted fwi Restricted fund$ Total 2025 Not Income ADd EDdov4nnts froJD: Donations and legacies Chaxitable aciivities Other incoTne 230.0 71,607 99.046 3.5(Kl 233.500 71,607 99.046 Totsl income 400,653 3.51yJ 404,153 Expenditure on: Charitsble activitie5 (346.170) {3,500) 349,670 Total ¢xpcnditure (346,170 (3.51x1) 349,670 Net income 54.483 54,483 N¢t movernent ID fi 54.483 54.483 ReeonctilatloD of fund Tothi fjmds brougbt fonvard 35.563 35,563 Totsl fimd$ carricd forward 15 90.046 iJnrestrict¢d fllttds 90.046 Tota] 2024 Restrl¢ted fundi Note In¢om¢ and Endowmettts from: Donation5 and legacies Charitable activities Other incon 231.CNXI 65.917 52.954 231,OC 66,917 52,954 Totsl inrne 349,871 1,0 350,871 Ezpendfiture on: Charitable 8ctiviu¢s 338.8(P) 339,809 Total expenditure (338.809) (1.0 {339,809 Net ineorne 11,062 11,062 Net movement in fimds I l.062 11.062 Recon¢lUatlon of fuDds Tota] funds brought forward 24.501 24JOI Totsl funds carried fon4qrd The fi]nds breakdovm for 2024 is SI}ll in ttotr 15. 15 35.563 35,563 Page 9 - PryTr11d21
Second Hand Dxnee Limited (Rewtration Dumber: 08440496) Balanc¢ Sheet as xt 31 March 2025 2025 2024 Note Flxed sets Tangible assets 215 285 Current aSts DebtOTS Cash ai bank and in hand 12 13 10.019 87.745 13,628 26.977 97.764 40,605 Credltors: A]Dounts f1]# due wltlthi one ytar 14 7,933 5,327 Net current 89.831 35.278 Net 90.046 35.563 Funds of th¢ Charlty: Unr¢strlcted Ineome fwids Unrestricted fijnds 90,046 35,563 Total fvndj 15 90,046 35,563 For the finallcial year ending 31 March 2025 the Cbarity entitlcd to exwtion fmm audit uDder section 477 of the Companies Act 2006 relating to small conwDi#. Directors, rcsyoDsibilities.' The mernber5 bave not rffjuirryl the (lIty obtsiD an audit of its foT the year in qu¢5tion in accordance with serfion 476,. ard The directors acknowledge their r¢sp0tt5ibiliti&s for COTllplyillg with the requirements of th¢ A¢t with respect to ¢ountin8 recor&% and the prepardtiOU of accounts. Th¢ fin4o¢iai ststemeDts on pages 9 to 19 approved by the trus*es, aJMJ authorised for i&%ue on 3 Noventher 2025 and signed ot) their behA]f by. MsCAJall Trustee Pag¢ 10 Pffj• 12d21
Second Hgnd Danc¢ Llmlted Notes to the FfinAncl21 Statements for the Y¢r Ended 31 March 2025 I Charity statuj The Charity is limited by gurnttt, itwjoornted tn . s1 consequ¢ttUy does not have share capital. Ea¢h of th¢ trusiee$ is liable to ¢ontributc an aiN)Iint not ¢x¢¢dinB £1 towards the ass¢ts of thc Chariry in the ¢v¢n¢ of liquidatiott. The address of its r¢gi8tered offiee is.. 75 Hazon Way Ep50Tn KT19 8HG Th¢8¢ financial sthtcments were authori5 for issue by the ttwes on 3 Noycmber 2025. 2 A¢¢oyntlng polleks Summry of8lgnlll¢ADt <cotIng poll¢lu XDd key ecouotlni etht Th¢ principal accounting poli¢ies applied in the pryTrlion of th¢se fmancial $tstem¢nts 4r¢ ¥¢t out below. The8e policies h4v¢ b¢¢n wDsi51endy appli¢d to all th¢ Jrar5 unl¢•s OtherSe $ted. Siltement of ¢ompllAD¢¢ The flnancial ststements hlve be¢t) prepard in accord¢ with Accountins and Reportin8 by Charities.. Stsm¢nt of Recomm¢nd¢d Practiee IApplic8bl¢ to ¢lwitic5 pro4ring their accouDts iti a¢cordanc¢ thc Fin8n¢ial Reporting Sthndard applicable in the UK Republic of Irelat)d {FRS 102)) (issued in O¢tober 2019) - (Chariti SORP IFRS 1021), the Financi Reponin8 StAndBrd appli¢abl¢ ID the UK #ttd Republic of Irel IFRS 102) oDd the Compani¢$ A¢t 2¢)06. BAsli of prep•r4ilon Second Hand Da¢ L1rnid Meets the d¢fwition of a publi¢ baKfit entity under FRS 102. AJ8ets and liabilities ar¢ initially reco8ni5cd ai his¢ori¢al cost or trans00 valu¢ unle# odKrwi8¢ stLted in the relevgnt a¢nting policy notes. Gokni etsneern The ¢nLSte¢s CO51der that there ore no matcrial Uncettsiniies about the Charitys ability to Cotttirtue 86 & 8oin8 oncem nor Si1r1CanI arras of u[en31nty that affect the cwing valuc of assets h¢ld by thc Chariry. Ezemptlon prtpirlnR • ¢*sb thIv4 itltemellt The Charity opted to early 8dopt Bulletin I publ on 2 Febru 2016 have therefore not ild¢ t c&sh tlow statement in these fuw)¢ial statements. Income and eDdoivm¢nt$ Ail incotne is recognised once the Charity hos entitlement the to¢ome. it 15 probable that th¢ In¢On will be rcceiv¢d aTLd the at)Unt of ihc incotne receivable can bc m¢•5ured reliably. P88e li .P40• 130121
Second Hand D&n¢e Llmlted Notes to the Financial Statements for the YeAr Ended 31 March 2025 GrtTnts receivable Grants are reco8Tused when the Chariiy has an entitlement to the fidS and Any ¢onditions linked to the grants hgve bc¢o met. Wh¢rc pcrforrnance conditions are Attachcd to the grant and are yet to be mei, th¢ income is recogoised as a liability and included on the balance Sheet as deferred in¢om¢ io be released. Expendlture Ail expenditure 18 reco8Ui5ed ottee there is a 1¢881 or CODstructive oblig&iion to that ¢xpenditure. it is prob8bl¢ 5etilemcnt is requircd and thc arnount can be m¢Jsured rcliably. All costs arc &llo¢al¢d to the applicllble exp¢ndift¢ headin8 that aggregatc similar costs to thai ¢41¢80ry. Where costs cannot b¢ dir¢¢tly aitributed to parlicular h¢sdin8S they h8v¢ be¢n allocated on a ba5]5 ¢onsisMt with the use of resources, with central 8taff c05t5 allocoted on th¢ basis of time spent. and depreciation charges allated otl the portion of the Asset's use. Oth¢r support ¢osts are allocated based on the spread of staff ¢osts. Chopliobl¢ a¢dviii¢s Charitable cxpcnditurc eompriges those costs incurred by the Charity Irt th¢ deliv¢ry of its aetLVLtie5 and services for its b¢ncfi¢iari¢s. It includcs both costs that be allocBted dir¢¢tly to such activities and those costs of an indirect nature ¢958ry tt) support them. Governance colts Thcsc includc thc costs attributable to the Chariry's complillncc with con5titutionAI and stgtutory requirements. includin8 audit, stratesic managemertt And trusrees me¢tin8s rexmbursed expenses. T*xgtlon The Charity is considered to pass the tests set out in ParaBrnph I Sehcdule 6 of the Fill8¢ A¢t 2010 and therefore it rncets the derltion of a charitable company for UK ¢orporatiott tax purposes. Accordingly, the Charity is potentially ex¢mpt frrjm taxation it) respect of incornc or capi¢AI gains receiyd within catc¥oric5 covorcd by Chapl¢r 3 Part I l of th¢ Cotporation T8x Act 2010 or Section 256 of the Taxation of Charg¢obl¢ Gain8 Act 1992, to the extent that such ineome or gains Are applied exclusively to charitable purposes. Tanglbl¢ fixed 91g¢ts Individu81 rcd asscts COStin8 £100 or more are initially r¢¢orded 8t cost, less Atty subsequ¢nt Ac¢iimulated depreciatiott attd subsequent accumulated impainnent losses. D¢pr¢dAtlon 2nd amortliadon Depreciation is provided on tsn8ible fixed Assets so as to WTit¢ off the cost or valuatLOn. less any e9timated residu81 Yalue, over their expected useful economic life as follows.. As8¢t clAII Furniture and eqUipnnI Depr¢clatAoD method Attd rite 25°/o Reducing balanc¢ P&8e 12 P•Bry 14¢12f
Second Hand Dance Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Trade debtors Trade debtor5 are arts duc from ¢8merS for mer¢hattdtse sold or 5¢rvirxs performed in the ordinary course of business. Tr¢ debtt>rs are T¢¢ogttised it)itially at the trdfLsaction price. They are subsequently measll at anx)rtised c05t U5Lng the effective interest me)d, less proNision for iULpairIneDt. A provision for the in]pairment of tre debtors 15 establi5bed wben there 15 0bje¢uv¢ ¢videncc that thc Charity will Tl be able to ¢oll¢ct 811 arnounts th]e according to the original tern of the receivable C•$b athd cash equivaleDts Cash and c8sb equivalents comprise ¢¥h on hand and call deposits. and otlw $hort-terni higbly Ikquid investmcnts that are readily convertiblc to a kDOWD aTnount of a4 ar¢ subjtct to an iD5igwfi¢•nt risk of Change in value. Trade credlton Trad¢ creditors are obligeiions u) pay for goods tsr smites that have been acquired in the ordinary course of business frotn suppliers. AtCOUDts Paydble are ¢Ilfied &$ current liabilities if th¢ Cbarity doe5 not have an nconditional rigb¢ at the end of the reporting perio4 to defer settlement of the creditor for at le&st twclve months aftu th¢ reportin8 datr. If ther¢ is an utt¢oodiiional right to defer selll¢mw for at least twelve mot)ths after the reporting dat¢, th¢y ar¢ prcscnted as ntsn-¢Utrwrt liabilities. Trade creditors arc recognis¢d initially at the t[actiOn pn¢¢ and subscquendy tnwur¢d at any)rti5ed co$1 using the effective interest method. Borrowings Intcrest-bcaring borrowings are initially Tecorded ai fair val. ttet of rransaction costs. Interest-bearÉn8 borroThryngs are subsequently carried at anrtised cosL with the difference between the pmceeds, Det of tra1CtiO1) ¢O$ts, and the aTnount due on redemption being reColSed &5 a clJars¢ the Siat¢mcnt of Fillallcial A¢tiThiti over the period of the relevant borrowin8. Inter¢5t ¢XP¢ILse 18 reco8DiSed OD th¢ basis of the effective inteTe$t Enethod and is included xn itknt payablc and Similar charges. Borrowings are classified as ¢urrent liabilities unless the Charity has an UTKonditional right to defer settlement of the liability for at Icast twclv¢ nKJnths after the rcpjrtsng da. Fund 5trueture Unrestricted inc4)me fijnds #re g•wa] fiJnd8 thai are availabl¢ for at thc tru5tces dis¢r¢tion in fiwtherance of the obje¢uv¢s of Ibe Charity. Restricted income fijnds are tho% donatyj foruse in a particular area or for specific purp)s¢& the of which is re5triGted io that area or PUTP05e. Pagc 13 Pffj• 16d21
SecoDd Hand Dance Limited Iyotes to the ]llancIal Statements for the Year Ended 31 March 2025 3 1ttc•m¢ froJD dolltiODS Dd leg*a Unrestricted funds Gener Tot81 funds fullds Gra[, in¢luding capital Grants from other charities 230.0) 3,5(KJ 233,5 Tot for 2025 230,000 3,5(K) 233.SCK) Total for 2024 231.0(X) 231,000 4 Ineome from ¢bAritsble ¥tthltks UDrestricted funds Geller Restrl¢t¢d fuDd$ Totsl fund$ 62,)2 8,705 62.902 8,705 CotrllDi5sion and ¢onsultat)cy Total for 2025 71,607 71.607 Total for 2024 66,917 67,917 5 Otber iDcome UwestrActed Totil 2025 Total 2024 Getttr•l Acce&8 to work scheme Other income Theatre t&x relief 65.847 65.847 43.837 1,418 7,699 33,199 33,199 99,046 52,954 Page 14 16a121
Second Hand Dance Limited Notes to the Flnydnclal StYdt¢m¢nts for the Year Ended 31 March 2025 6 Eipelldlture ¢brltxbk aftlvltks UDrestricted fllnd• Generxi Total 202S funds Production cost Direct ¢o$t Artistic expenditure Trainin8 Cost Reni Insurance Software and Consumabks Subscriptions Travtl txpenses Advertising aThJ promotion Cosu11ancY DeprlatiO11 Printing and 5thti0nary Leg21 and professional cost Gcneral expcns¢s 11,095 89.845 172.619 1,055 2,592 2.672 1.403 991 41,728 9,820 8,340 70 11.095 89.845 172.619 1.055 2,592 2.672 1.403 991 45228 9,820 8.340 70 323 2.076 ioi 3,500 323 2.076 ioi 344.730 3,51K) 348230 urestricted funds GeDer] Total 2024 Production cost Direct cost Arti5ti¢ expenditure Training cosi Insuran¢¢ Sothvare attd CoDsU[tbI Sub%riptions Tra1 expenses Advertising and pronM)tion Consultancy Depreciation Printing attd statio Legal and prof¢ssional cost 15,805 74.098 203.629 1,315 2.121 lJ82 1.391 24237 9233 2.725 95 138 1,530 337,699 16,805 74.098 203,629 1,315 2,121 1,382 1.391 24.237 9.233 2.725 95 138 1,530 I,O(KJ 338,699 Page 15
Seeond Hand Dance Limited Notes to the FiThaneial Statements for the Year Ended 31 March 2025 In addition to the eApetidiMW¢ analy5td ave, there are a150 governa[ costs of £1,440 (2024 - £1,110) which relat¢ directly to charitsble a¢tivities. See note 7 for hjrther dctsils. 7 Anxlyyii of ¥overDnee •nd Support costs Govemnee eosts Unrestrlcted funds Gener1 Totsl fulld$ Independent extimiDer fees ExatDiDation of the financial 51al¢ll)¢llts 1,440 Tot*1 for 2025 1,440 Total for 2024 1,110 I,iio 8 Net In¢ominrJoutgolng resources Net ItmIng r¢sour¢es for the year includc: 21125 2024 Dcpreciation of ed assets 70 95 9 Trusteu remuDeration and expert No Intees, Th)r any peTson5 connected Trith theo have re¢¢ived any TettwntiOD from tbe Charity during the year. 10 T&tIon The Chariry is & trIed ¢lwity and is therEfoTe exempi from ¥xati Page 16 ja of 21
Second Hand Dan¢e Llmlted Iyotes to the Financial Statements for the Year Ended 31 Marcb 2025 11 T#nglble fixed as¥ts Fllrn1tre and equlprnent Tot Coit A¢ l April 2024 Addition5 5.303 165 5,303 165 Ai 31 March 2025 5,468 5.468 Deprecl•tloA At l April 2024 Charge for the year 5,183 70 5,183 70 At 31 March 2025 5.253 5.253 Net book v•lue At 31 March 2025 215 215 At 31 March 2024 120 120 12 Debto 2025 2024 Prepayments Ac¢ru¢d income 5,019 5.OC(I 929 12,699 13,628 10,019 13 Csb ind cA$h equlvleDtI 2025 2024 Cath at bank 26,977 P8ge 17 1gDf21
Se¢ond Hand Dance Limited Notes to the Flnsnclal Ststements for the Yr Ended 31 March 2025 14 Credltorg: •mowits fAI]IDg due wlthln ont yur 2025 2024 Other tsxation and social aecurity Oth¢r ¢r¢ditors 1,966 435 5.512 1.867 450 3.010 7.933 5.327 15 Fundi BlAce at I Aprll 21124 ID¢omlne Resourte8 expended B•lince at 31 Mlrcb 2025 Unr¢itrlct¢d hndi Gemernl General fiL)d 35,563 400,653 (346.170) 90.046 Reitrltted fund¥ Touch- 2024 Korea 3.5(M) Total fuAd• 35,563 404 153 349,670 90,046 BAIAnct At I Aprlj 2023 R¢sourc¢s txpettded B#lAnce it 31 March 2024 reurteS Uareitrlcted funds Genernl General fund 24.501 349.871 (338.8091 35.563 Regtrlcttd Commission iticoint Total Imndi 24.501 350,871 339.809 35,563 Pa8e 18 P•Je 20 of21
Second Hand Dance Limited Notes to the Financial Statements for the Year Ended 31 March 2025 16 Analysis of Det X55ets fund5 Unrestrldtd funds General Total fuDd$ #t 31 Mareh 2025 Tangible red &ssets Current assets Current liabilities 215 215 97,764 (7,9331 97,764 (7,933 Total net assets 90,046 90.046 L.ttrestritted funds General Totsl fuzhd5 at 31 March 2024 Tangible fixed assets Current assets Current liabilities 285 40,605 5,327) 285 40,605 (5,327 Total net assets 35.563 35.563 17 Related prty trllsactiODS During the year the Charity made the following related paty translnS. C#th Anne JArnes (Tru5t¢¢l Travel cxp¢nses of £19.16 reimbursed in relation to bDatd away day. At the balance shed date the arnou du¢ tolfroTn Cath Anne James was £Nil {2024- £Nil). Jonathan Richard Sittgleto (Trustee} Travel exTren5es of £25.39 reimbursed in relation to adY day. At thc balan¢e sheet datr the amount due tolfrom Jonathan liichard Singleton w&s £Nil (2024- £Nil). Louis¢ Rachel Wildish (Trusteel Travel and subsistence of £627.49 reimbuT5cd in lation to IK>ard away day on 21102Q025. A150 £234 was paid for being a supporE worker iii r¢lation to board awdy day . At the balan¢¢ sIt date th¢ amount due tolfroln Lovise Ra¢h¢l Wildish was £Nil (2024- £Nil). Pa8e 19