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2020-12-31-accounts

Page
Reference and administrative
details
Report of the Trustees 2-18
Independent Auditods
Report to the Members ofBritish Ballet		 19-22
Organization Limited
Consolidated Statement of Finani sat Acbvities 23
Consolidated and Charity Balance Sheet 24
Consolidated Staiement of Cash Flows 25
Notes to the Financial Statements 26-36

Com p any rag i st ration number i st ration number 01402656(England and Wales) 01402656(England and Wales) 01402656(England and Wales)
Charity registration number 277177(England and Wales)
Governing document Memorandum
and Articles ofAssociation
Organisation structure The affairs and property ofthe charity are
managed
by a Board ofTrustees which may
exercise all such powers ofthe Trust as not
required
by its Arlicias ofAssociation to be
exercised
in general		 meeting.
Trustees Mr N H Espinosa (Chairman)
Mr N Copeland
MrJ C N Jones
Mrs K G Rieveiey
Mr S LJ Banham
A M Walker
ll/I
BE
Chief executive Mr RBloor
Registered office 2nd Floor
Springfield
House
Springfield
Road
Horsham
West Sussex
RH12 2RG
Business Address Unit A
Ensign House
Battersea Reach
Juniper
Drive
London
SW18 1TA
Auditors Kreston Reeves LLP
Springfield
House, Springfield		 Road
Horsharn
RH12 2RG
Bankers National
Westminster		 Bank pic
149Church Road
Bames
London
SW139HS

KEY AIMS HIGHLIGHTS
Rewtalising
and enhancing
our core products.		 Progress as originally
intended
has been interrupted
the pandemic
with
it enforcing
a halt to our plans for
syllabi development.
hlevertheless:		 by
~We were successful on proactively
approaching
members		 and non members via
conference
calls.
~ We moved Teaching Quatifications online and
increased
enrolment
s
iWe had our best year forattendees at CPD
events and also ran some webinars
~We launched
some		 online courses

Revitelising
and e nba no ng
our core products to be
continued		 Revitelising
and e nba no ng
our core products to be
continued		 ~We established a global challenge
for
students
confined by the Iockdowns
~We launched
digital exams
~We coped proactively
viith cancelled
examinations,
alterations
to the Scholars and
CPD events; and the cancelation
ofour annual
Dance Days
~ Australasia,
were as well, successful
in
managing
their events and examinations
were
re lative ly
unaffected,
The emphasis
was changed
as a result ofthe pandemic
with the focus being attrading
external
financial
assistance
and cutting costs.
Focus on Finanael goals The aim was and is to ride out the pandemic
and
economic repercussions,
minimize
our losses with
sensible
and flexible approach,
We commenced
the ultimately
successful
application		 for
finance under the Governments
CSILs arrangements.
As a result ofthe isolation
and fear many teachers felt
as a result ofthe pandemic,
we considerably
increased
our communications
with Members
and non Members.
As a result, the numbers
ofRegistered Teachers
continued
to rise.
Service and Scale
We successfully
utilized the internet
to continue and
enhance
many ofour services.
As the number of members
increased,
we continued
with the training
of examiners.
Develop an
and regional		 international
programme.		 The pandemic
forced, to a lesser extent,
in Australasia
curtailment
ofactwities
and it is expected that the
branch
will produce a robust financial performance.
The Director ofArtistic Development
has increased
regular communication
with the branch
and is utili sing
the marketing
established
from the UKto help foster
new members.
Develop an international This marketing
has increased		 our international
and regional programme membership
considerably,
The regional development
in the LIKwas greatly
curtailed
by the pandemic
but the Regional Reps
meeting was held online and members
had a		 lot of
opportunities
foraccess tothe		 Director ofArtistic
Development.
We commenced
the year with		 the appointment ofa new
Vice President.
The Director ofArtistic Development
formed a
Partnerships, collabarations and cagaboration
with a major dance school.
external expertise.
We made a change of auditors.
We worked
hard with our Bank		 to obtain funds under the
Government
sponsored
CBILs
The investment
we could make		 into marketing had ta be
curtailed.
IVlarkebng. Nevertheless
we had some notable successes		 an
specific projects and were also able to extend our
Marketing
Reach.

20Z0 2029
Tote I Toto/
f f
Income from:
Donations
and Legacies		 IS0,608 8,528
Charitable
acovities:
Membership 72,79S 80,950
Examinations 283,209 499,28I
Educational
progra mmes		 and events 302,316 397,625
Other tra ding activities 135,681 204,297
Investment
income		 469 105
lotal income 845,078 1,290,686
Expenditure
on:
Chantablr'Activities:
Membership (80,023) (74,094)
Era min a tin ns (396,635) (695,024)
Educational
p rug rammes		 and events (S19,844) (635,627)
7 (996,502) (1,404,745)
Other trading activities (1,162) (14,452)
Total Expenditure 7 (998,264) (1,419,197)
Net expenditure
and net		 movement in funds 8 (153,186) (228,511)
Tax on activities 10 (5,023)
Net movement
in funds		 (153,186) (233,534)
Reconciliation
offund s:
Total funds brought forward 28 3,851,628 4,085,262
Total funds carried forward 18 3,698~2 3,851,628

Group Group Charity Charity
2020 2019 2020 2019
blots 6 f f
Fixed ssseta:
Tangible
asseh(		 11 S,434,872 3,589,018 3,434,872 3.589,018
Intangible
assets		 2,000 2,000
Investments 12 100 100
Total fixed assets 3A34,872 3,591,018 3,434972 3,591.118
Current assets:
Stock 13 3,771 3,771
Debtors 14 315,338 281,350 315,232 281,250
Cash at bank and in hand 251,081 317,881 249,378 317,292
Total current assets 570,190 802,982 564,608 598,542
Ll ah 5 lt les:
Creditors
amounts		 falang due within one year 55~(306620 ~I342 372 ~330558) (309959)
Net current assets 263.570 260,610 2S4,050 228,588
Total assets less current BablBties 3,698442 3.851.628 3,889,022 3,819,706
Total net assets 3,098.442 3,851,628 3,669,022 3,819.708
The funds ofthe charity
Unrestncted
income		 funds 18 3,698442 3,851,828 3,669.022 3,819,706
Total charity funds 3,698,442 3,851,628 3,669,022 3,819,706

Group Group Charity Charity
2020 2019 2020 2019
Note
Cash flows from operating activities
5
8		 41 7**tt 6 tt itt 21 ~(67249 (125(j ~68385 (1377('
Cash flows from invosting activities
Interest inrome 469 105 469 105
Purchase of intangible
feed		 assets (2,000) (2,000)
Cash provided
in vest in g activ		 by 1 (used
it i as		 ln) 469 (1,695) 469 (1,895)
Oecrease
in the year		 in cash and cash equivalent (66,780) (3,146) (67,9f6) (3,272)
Cash and
beginning		 cash
of the		 equwalents
year		 at ihe 317,861 321,007 317,292 320,564
Cash and
ofthe year		 cash equivalents at the end 251,061 317,661 249,376 317,292

The surnrnary
financial		 The surnrnary
financial		 The surnrnary
financial		 perFonnanae perFonnanae oFthe chanly alano isi
2D29 2019
6 f
lncame Dsa,trbt 1,1SHJBI3
Gift aid from subadiary company 1D,BD1
845,825 f. 'I 85.533
Expenditure on charitable activrlies (996,589) (f,404,745)
Net expenditure )15ll,684) (239,212)
Tolal Funds braught torward 3.819.706 4.058,918
Total funds cerned fonvard 3.659.922 3,819,708
Itepresrnted by
Unresliicted inrnrne Funds 3,669.922 3,819,708
3,669.922 3,819,708
2929 2019
UK income 654,789 939,120
Australasia incanto 466,244 226,394
835,D24 1,185,514
4 Income from donati one and legacies
2929 2019
UK Government
granls		 -CJRS 85,216
Austral sn Government grants 56,683
Gill and granls
from		 trust D,7D9 e,eze
159,6DB 8,528
5 Income from other trading other trading activities
2020 2019
f
Giber trading income of the charity 125,626 I79,044
Trading inoome ofwholly awned subsidiary lNote 23) 19,053 25,153
135,681 204,197

BQOOQI BQOOQI O ~ ~ ppO
Fd h
I *I Opp I 90307 04
I
hip' I I' JJJlUJ IJJOI2 330300 233450 QIQ, QQG 073.100
'7530 ll, d'14 30 400
«* 110,340 29577 147,089 507,000 300,70G
» 4 317270 317270 435,417
4,039 G 312
800 0 I40,7OI GOI 140 000202 1,4'/&
CIOI 79\ Old (500140)
«25 2IO 7 37,057 (54IOI)
7 I h 97 7 00844 \404 745
Ih 479 '10** 1,704 14,452
I GO p dt 20th
fl 5 O
0»4		 I. ltlh"
OI		 tl
OO Ol
MO&
Ito703OOQ		 *htt
I		 541
U
0 Od
Ot
I 8
0
IBOQQ~OOII~Mddt		 ~
84		 hUldOIBOQ 9 d*4
.110:.«P tdrd .: * I IJ *OI OOOO I 150 th orna 00 0 5 O~|PP ImOO"UWII~ I I 0 0 0 a
V 7 0
4
I		 th I dddJ1 0~
447		 9
T'AI
0 d part t
Pd
0010Trtd 2070 Trtrt
0
0
I.'
I		 Cl 20,44 2IP I I 100253 265,311 272 470 1279 533,100 26454
Id 462 14 4M 10,530 31,444 367 714
01 9 TTZTTT I72356 30f700 509,700 3\4
9991 4 139,907 419,001 6070
6 312 0,912.
3,043 Jdd 070 IXI,092 4 7204,745
79, 1 431,,210 427249 1143,04Jl
3,454 rtt, dd7 2
T,
p		 I
7
trit		 dt tl
2419		 I 41 17404 TM Iplrt,745
dtl R 1107 d rttl9
Clt«l dl 0 ' 7 54252 77,070
T I 9 dd 2019 121%977 ,432
8 Nct cxpcndlturc
for the year		 Nct cxpcndlturc
for the year
This is stated alter charging 2820 2019
6 5
Operating
lease rentals.
Other equipment 4,135
Deprea stion 154,146 177,507
Auditor's
remuneration
Audit Fees- UK 13jnsl 21,398
Audit Fees —Australasia 4,6'I 3
Accouning
and laxation scnhces		 1,750 1,750
Foreign exchange
(Gains)r		 losses 1+94
rhe *us!rater m audit tees wars paid to fhe Inca) auditors snd not io Ihe UK statutory audifor
9 Analysis
ofstaff costs, trustee remuneration		 and expenses, and the cost of key management personnel
Slefi Ccalr. were ea Iuacvva 2020 2019
6 f
Selanes and vrsges 483,728 476,527
bcrual
sl'.minty costs		 3tr305 41,174
Pension costs 14,233 1.'sehffl
528,316 333,150
A number
of self omP)oyod		 staif arc contraaod on a Part line base Io asses with our clrantshle er2ivees. Total pnymen)1
to
such staff in 2020 vvere
r 37,940 l2019 539.400).

16 Taxabon
Ihe crier itsble company lx exempt from corpora5on lax as all gs Income M ulrxrrtsble and is applied for chanisble purposes.
11 Tangible
fixed assets		 Ieasehold
Property		 Plant 8.
Machinery		 QgiCe
fqulpmonl
&
I-urniture		 Fixtures &
Filtngs		 Irnengible
asset
Group and Charity
F. f f
Cost
At 1.Ianirs ry 2020 2,7iJ6,377 504,837 237,246 866,948 2,000 4,347,110
Qi 1 pox ala f2,060) (2,IK0)
At 31 December 2020 2796 377 604637 237,246 506,849 4.345,110
Depreciation
At 1 January
2620		 f210.046) (213,920) f332,174) )756.092)
Chai ge for sis year (50,433) (23.146) (66,667) lt54,146)
At 31 Dcccmbor 2020 f260.481) (236,966l (412.791) fete+39)
Nst book value
At 31 December 2020 2.796,377 244,156 3,434,872
Ar 31December 2619 2,798,377 794,689 23,429 474,624 2,000 3,597,6'f 8

33 Stock Group Charity
2020 2f)f9f 2020
k		 7619
E
Merrliandr;i. , rlnthing Snrl teadiing Inaferiale 3,771 3,771
14 Debtors Group Charity
2020 202II 7019
9 9
1iade deblod 1grrsga 81,968 157,499 8I,659
Other debtor- 1572)39 19Jc,362 157,733 199,292
315,335 781.360 315,232 287,250
Group Charity Charity
2020
5		 2019f 2D20f 2019f
Trade rxeddors 19,D35 45431 20,028 41.108
Corporation
tax		 9,D38 6,270 9JI38
Taxation and senal secunty 22,719 2i1,474 22,719 76.474
Amounts due ta related subsidiary 22,948 37,175
Other creditors 37,326 45,507 37.326 45,607
Accruals 2$,979 38,098 23.979 36,098
Dcfa rrad Inca ma 16 194,520 183,492 194,52D 183,492
342,372 330,550 369,954
16 Deferred Income 2020 2619
6
Balance as at 1 January 183,492 18f,491
Amount released
arne		 ta income in lhs year (171,034) (1gf,491)
Arnaunl dr ferred in the year 102,il62 183,497
Balance as ai 31 Decerribsi 194~620 163,492
Dcfcrmd Income ccrnpnsas incnme received in advance of related costs Ihal lvig fall m lhc following year, In parlicular psyrnsntx
Iur the lssihing rtuslrficatrans and membership/Schclafs income
17 Financial Instruments
Tha canying unl a(Ihc charrlyX financial instruments at 31 December were
Group Charily
2DZD 2019 2020 2019
5 f 6
Financial Assets
Dabl irlrliumeiiu rrvrvruiad ai srnnresvd rust 161.786 89,053 161,786 89,863
Amount carried forward 161,786 89,053 161,786 89,053
Financial
liabilities
Deb! instruments measured at arnorhscd cast BDP43 127,136 S1,333 122,813
Amaunt cerned fonesrd 00,343 127,138 01,333 122,813
18 Analysis ofmovement betwccn funds
At fhfao Total
incame		 At 31(12i20
expenditure
Unrvstncted
funds Group		 3,651,628
Unrestnctcd
funds Chanty		 3,819,706 845,825 ~996,509) S,669,022
Analysis of move mant between funds —previous year
Total Total ar
incornc cxpcndlturs 37/fyryg
6 f
Unrvsrc led lund s ( rni ip 4,09v f62 1, 'f90 S86 (1,424 220) ri 861,676
Unraslr lcd funds Chanly 4058918 1,165533 (7,404,/45) ri,819,7nC

Group Charily
2029 2019 2020 2049
f 8 f 5
Vnieiin onr yi Sr 3,085 3,838 3.865 3,835
Bshvean one anif tive years 5,752 9,824 5.'752 9,624
In over five years
9,017 13,459 9,617 13.459

Group Charity
2020 2019 2020 2019
5 8 5 5
Net movements
in funds		 (153,186) (233,534) (159,684) (239,212)
Deduct interest income shown iri Invcsfing adenlies (469) (106) (469) 7f05)
Add bade tax charge 5,023
Add back dopiacialion diargos 154,146 f77,507 'I54,140 177,507
Add lass on dispasals ot lixed assetx 2,009 2,000
(Increase)
in stor&x		 ff, gfu)
(Inrvvase)
Idoareass		 m debtors (33,900) 12,664 (33,982l 12,563
(Deoreass) Iincrease in creddors (35,752) 38,304 (39,396l 47,770
De du cttax paid (5,023)
Net cash provided
by operating		 activities

Iha surnrnary
sn		 anrwl
p		 erformance
ofthe		 subsidiary
alone is:
2028 2010
f:
Turnover 10.053 75,163
Ccsl ofsales (459) (fl,f72)
Cross prolil 9,594 11,99'f
Adminislralivc
expenses		 (1,301) (3,260)
Frcfit on ordinary s.ctivitiss before taxation 8,293 10,701
Tax on prolii on crdinaiy aclilalics (6023)
Vrclit ioi lire linanrral
yr		 sr 8,293 5,676
Rr tained
brourlht		 fonvard from pnor year 31,922 26,244
Amount
gift aided		 to Ihc chsnly f10,801l
Retained
in subsidimy		 29414 31.977
The sreels and liabilnes oflhc subddisry werc.
Current amets 29,514 41,615
Current
liabilities		 - ~fJJ,593
Total net assels 29,514 32,022
Aggregate
share		 capital and reserves 29,514 37,072