2021-12-31-accounts - British Ballet Organization Limited

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				Page
Reference and administrative details
Report ofthe	Trustees			2-17
Independent	Auditor's Report to the Members		of British Ballet	18-21
Organization	Limited
Consolidated	Statement	of Financial Activities		22
Consolidated	and Charity	Balance Sheet		23
Consolidated	Statement	of Cash Flows		24
Notes to the	Financial Statements			25-38

Company	registration	registration	registration	01402656 (England	and	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		of	Trustees which may
				exercise all such powers			ofthe Trust	as not
				required by its Articles		ofAssociation		to be
				exercised in general	meeting.
Trustees				Mr N H Espinosa (Chairman)
				Mr N Copeland (Resigned 13April 2022)
				Mr J C N Jones
				Mrs K G Rieveley
				Mr S LJ Banham
				A M Walker MBE
				Mr R Thorn (Appointed		1 March 2022)
Chief executive				Mr R Bloor (resigned	31		January 2022)
				Mrs F Knower (appointed			1 February	2022)
				Mrs J Bowers (appointed			1 February	2022)
Registered		office		6th Floor
				25 Farringdon Street
				London
				EC4A 4AB
Business	Address			Unit A
				Ensign House
				Battersea Reach
				Juniper Drive
				London
				SW18 1TA
Auditors				Kreston Reeves LLP
				2nd Floor, Springfield		House, Springfield			Road
				Horsham
				RH12 2RG
Bankers				National Westminster		Bank pic
				149Church Road
				Barnes
				London
				SW139HS

	Supporting the Membership during a period of intense concern,	Supporting the Membership during a period of intense concern,	Supporting the Membership during a period of intense concern,	frustration,	frustration,	and sense	and sense	of isolation
	Increasing the membership numbers
	Increasing student numbers on the Teaching Qualifications		course
	The	introduction of:-
		o a Level 3Teaching Assistants course
		o an online conference
	The	ongoing operational issues enforced by the pandemic:-
		o Rearrangement ofor cancellation ofactivities due to the pandemic
		o The increasing use ofonline services such as Members		meetings,		Webinars		and CPD
		events as well as supporting our Scholars scheme
		o The provision of increased Financial and Regulatory	information
		o The application for external financial support.
		o The Health and Safety implications ofthe pandemic	including		risk	assessments and
		contingency plans
We are proud to be an Awarding Body and, in the normal course of			events we		are	able to	offer a range of
services,	including the conducting of examinations and the provision		ofcourses accredited				by	the UK
Government.

KEYAIMS			HIGHLIGHTS
Revitalising	and enhancing	our core products.	Progress as originally intended has been
			interrupted by the pandemic, forcing us to delay
			our plans for syllabi development. Nevertheless:
			~ We were successful in proactively
			approaching members and non members
			via conference calls.
			~ We grew the enrollments to our online
			Teaching Qualifications.
			~ We launched a Teaching Assistants
			course
			~ We piloted a very successful online
			conference
			~ We ran and concluded a highly successful
			"multi genre online Choreographic
			competition"
			~ Towards the end of2021 we were able to
			arrange some "live/in studio" events:
			o CPD in Birmingham
			o Nutcracker Repertoire workshop
Focus on Financial goals			The emphasis continued in 2021,as a result	ofthe
			pandemic, with the focus being attracting external
			financial assistance and cutting costs.
			The aim was and is to ride out the pandemic	and
			economic repercussions with a sensible and
			flexible approach.
			We commenced the ultimately successful
			application for finance under the Governments
			CBILs arrangements, took advantage again ofthe
			JRS and sought additional funding from a
			sympathetic Trust fund.
Service and	scale		As a result of the 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 of
			Members continued to rise.
			We successfully utilised the internet to continue
			and enhance many of our services.
			We coped proactively with cancelled examinations;
			alterations to the Scholars programme and CPD
			events
			We have tried to continue the training of new

				examiners but this has proved problematic due to
				restrictions imposed by the pandemic.
Develop an	international	and	regional	The pandemic forced, in Australasia, curtailment of
programme				activities. Nevertheless it is expected that the
				branch will produce a robust financial performance.
				The Director or Artistic Development has increased
				regular communication with the branch and is
				utilising the marketing established from the UK to
				help foster new members.
				This marketing has increased our international
				membership considerably.
				The regional development in the UK was greatly
				curtailed by the pandemic but the Regional Reps
				meeting was held online and members had a lot of
				opportunities foraccess to the Director ofArtistic
				Development. At the end ofthe year a schedule
				was put in place for "live" Regional Meetings.
Partnerships,	collaborations		and external
expertise				The Director ofArtistic Development continued to
				foster a collaboration with a major dance school.
				We welcomed the arrival ofa new Teaching
				Qualifications manager who comes with enormous
				relevant experience.
				We took an active role in a racial diversity program
				and symposium with other dance organisations.
Marketing				The investment we could make into marketing had
				to be curtailed and we will re evaluate this role as
				2022 progresses.

Executive Chairman	Executive Chairman
CEO (Chair)
Director ofArtistic	Development
Head ofTeaching	Qualifications
Head of Operations
Head of Finance
Examinations and	Syllabi Development		Manager
Regulatory and Quality Assurance		Adviser

					2021	2020
					Total	Total
				Note
Income from:
Donations, Legacies	and	Grants			167,552	150,608
Charitable activities:
Membership					73,811	72,795
Examinations					295,016	'I83,209
Educational programmes		and events			327,392	302,316
Other trading activities					134,667	135,68'l
Investment income					1	469
Total income					998,439	845,078
Expenditure on:
Charitable Activities:
Membership					(67,743)	(80,023)
Examinations					(569,914)	(396,635)
Educational programmes		and events			432,539)	(519,844
				7	1,070,196	996,502
Raising Funds:
Other trading activities					(8,418)	(1,762)
Total Expenditure				7	(1,078,614)	(998,264)
Net expenditure and	net movement		in funds		(80,175)	(153,186)
Tax on activities
Net movement in funds
Reconciliation offunds:
Total funds brought	forward			19	3,698,442	3,851,628
Total funds carried	forward			19	3618267	3 698442

						Group	Charity
					2021	2020	2021	2020
				Note	f	E	F	E
Fixed assets:
Tangible assets				11	3,304,337	3,434,872	3,304,337	3,434,872
Investments				12			100	100
Total fixed assets					3,304,337	3,434,872	3,304,437	3,434,972
Current assets:
Stock				13	3,444	3,771
Debtors				14	204,610	315,338	204,510	315,232
Cash at bank and	in hand				526,054	251,081	523,523	249,376
Total current assets					734,108	570,190	728,033	564,608
Liabilities: Creditors: amounts		falling	due within one year	15	~320,778	~306,620	~340,553 ~330,558
Net current assets					413,930	263,570	387,480	234,050
Total assets less	current		liabilities		3,718,267	3,698,442	3,691,917	3,669,022
Creditors: amounts		falling	due after more than one ye	16	(100,000)		(100,000)
Total net assets					3,618,267	3,698,442	3,591,917	3,669,022
The funds ofthe charity
Unrestricted income		funds		19	3,618,267	3,698,442	3,591,917	3,669,022
Total charity funds					3618267	3,698,442	3 591 917	3,669,022

					Group	Charity
				2021	2020	2021	2020
			Note	F
Cash flows from operating activities Cash used in operating activities			22	150662	~87,249	149836 ~68,385
Purchase oftangible fixed	assets		11	(690)		(690)
Interest income			6	1	469	1	469
Cash provided by /(used investing activities		in)		(689)	469	(689)	469
Additional borrowing				125,000		125,000
Interest paid
Cash provided by / (used financing activities		in)		125,000		125,000
Decrease in cash and cash in the year		equivalent		274,973	(66,780)	274,147	(67,916)
Cash and cash equivalents beginning ofthe year		at the		251,081	317,861	249,376	317,292
Cash and cash equivalents ofthe year		at the end		526,054	251,081	523,523	249,376

	The summary	financial	financial	performance	performance	performance	performance	ofthe	charity alone is:	charity alone is:
												2021f	2020f
	Income											984,798	835,024
	Gift aid from	subsidiary		company								8,293	10,801
												993,091	845,825
	Expenditure on		charitable		activities						(1,070,196)		(996,509)
	Net expenditure											(77,105)	(150,684)
	Total funds brought forward										3,669,022		3,819,706
	Total funds carried forward										3,591,917		3,669,022
	Represented	by:
	Unrestricted income funds										3,591,917		3,669,022
											3	591 917	3669022
												2021f	2020 f
	UKincome											775,918	654,780
	Australasia income											208,880	180,244
												984798	835024
	Net movement		in funds analysed					by location:
	UK										(118,707)		(181,906)
	Australia											33,305	27,145
	New Zealand											8,297	4,077
												(77,105)	~(750,684
	No management		charge	is		paid	by	the Australia		or New Zealand	branches	to the UK	charity.
4	Income from	donations,			legacies			and grants
												2021f	2020
	UK Government		grants									74,375	85,216
	Australian Government			grants								35,677	56,683
	Gifts and grants		from trust									57,500	8,709
												167552	150608
	No restrictions	were placed				on the		charity's	use	ofthese funds.
5	Income from	other trading				activities
												2021	2020
												F	f
	Other trading	income of		the		charity						121,026	125,628
	Trading income		of wholly owned				subsidiary		(Note 25)			13,641	10,053
												134667	135.681

Analysis of	movement	between	funds
				At 1/1/21	Total income	Total expenditure	At 31/12/21
				f	E	f	E
Unrestricted Unrestricted	funds Group funds Charity			3,698,442 3669022	998,439 993091	(1,078,614) ~1070196	3,618,267 3591917
Analysis of	movement	between	funds —previous year
				At 1/1/20	Total income	expenditure	At 31/12/20
Unrestricted Unrestricted	funds Group funds Charity			E 3,851,628 3819706	E 845,078 845 825	E ~998,264 ~998509	E 3,698,442 3,669,022

								Group			Charity
							2021		2020	2021		2020
							E					E
	Net movements in funds						(80,175)		(153,186)	(77,105)		(150,684)
	Deduct interest income shown	in	investing		activities				(469)			(469)
	Add back interest expenditure	shown		in investing		activities
	Add back depreciation charges						131,225		154,146	131,225		154,146
	Add loss on disposals offixed	assets							2,000			2,000
	Decrease/(Increase) in stocks							327
	(Increase)/ decrease in debtors						110,728		(33,988)	110,722		(33,982)
	(Decrease)/ increase in creditors						(11,442)		(35,752)	(15,005)		(39,396)
	Deduct tax paid								(5,023)
	Net cash provided by operating		activities				150662		67 249	149836		68385
23	Analysis ofchanges in net debt
							At 1 Jan 2021		Cashflows	Other non cash changes		At 31 Dec 2021
								E	E		E	E
	Cash and cash equivalents
	Cash						251,081		274,973			526,054
							251,081		274,973			526,054
	Borrowings
	Loan due within one year								25,000			25,000
	Loan due after one year								100,000			100,000
									125,000			125,000
	Total						251	061	399973			651 054
	Reconciliation ofnet cash flow		to	movement		in net debt
												2021
												E
	Increase in cash in period											274,973
	Additional borrowings											125,000
	Change in net debt											399,973
	Net debt at 1 January 2021											251,081
	Net debt at 31 December 2021											651 054
24	Related party transactions

The summary financial performance	ofthe	trading
			2021f	2020f
Turnover Cost ofsales Gross profit Administrative expenses Profit on ordinary activities before taxation			13,641 ~5,549 8,092 ~2869 5,223	10,053 ~459 9,594 ~f,305 8,293
Tax on profit on ordinary activities
Profit for the financial year Retained brought forward from prior Amount gift aided to the charity Retained in subsidiary	year		5,223 29,414 ~8,293 26 344	8,293 31,922 ~30,501 29 414
The assets and liabilities ofthe subsidiary Current assets Current liabilities		were:	26,495 ~58	29,514
Total net assets			26444	29 514
Aggregate share capital and reserves			26 444	29 514