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##
||||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|||
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|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.|||
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|||||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|
##
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||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
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U
0 Od
Ot
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IBO*QQ~OOII~Mddt||||||~
84||hUldOIBOQ||9||d*4||
|.110:.«P||||tdrd|.:|* I|IJ *OI||OOOO|I|150|th|orna|00 0|5|O~\|PP|Im*OO*"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|