2021-03-31-accounts - National Dance Company Wales

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							2021	2020
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes				P
INCOME AND ENDOWMENTS		FROM
Donations and legacies					996,550	82,250	1,078,800	884,974
Charitable activities
Advancing arts and education	through		dance		32,926	41,485	74,411	485,664
Other trading activities					27		27	788
Investment income					3		3	8
Other income					506		506	29,077
Total					1,030,012	123,735	1,153,747	1,400,511
EXPENDITURE ON
Raising funds					1,870		1,870	15,396
Charitable activities
Advancing arts and education	through		dance		991,425	130,176	1,121,601	1,528,647
Total					993,295	130,176	1,123,4?1	1,544,043
Theatre Tax relief								80,998
NET INCOME/(EXPENDITURE)					36,717	(6,441)	30,276	(62,534)
Transfers between funds				21	~6.441i	6,441
Net movement in funds					30,276		30,276	(62,534)
RECONCILIATION OF FUNDS
Total funds brought forward					28,106		28,106	90,640
TOTAL FUNDS CARRIED FORWARD					58,382		58,382	28,106

				2021	2020
		Unrestricted	Restricted	Total	'Total
		funds	funds	funds	funds
	Notes	F	F
FIXEDASSETS
Intangible assets Tangible assets	15 16	5,404 37,674		5,404 37,674	7,805 48,202
		43,078		43,078	56,007
CURRENT ASSETS
Debtors Cash at bank and in hand	17	76,866 2,871	3,653 260,103	80,519 262,974	237,853 71,992
		79,737	263,756	343,493	309,845
CREDITORS
Amounts falling due within one year	18	(64,433)	(263,756)	(328,189)	(337,746)
NET CURRENT ASSETS		15,304		15,304	~27,901)
TOTAL ASSETSLESSCURRENT LIABILITIES		58,382		58,382	28,106
NET ASSETS/(LIABILITIES)		58,382		58,382	28,106
FUNDS	21
Unrestricted funds				58,382	28,106
TOTAL FUNDS				58,382	28,106

						2021	2020
					Notes
Cash flows from	operating		activities
Cash generated from operations Finance costs Taxation refund						134,752 61,625	(73,938) (37) 93,471
Net cash provided	by operating activities					196,377	19,496
Cash flows from	investing		activities
Purchase oftangible fixed assets						(3,528)	(18,271)
Interest received						3	8
Net cash used in	investing	activities				~3,525)	~48,271)
Cash flows from	financing		activities
Loan repayments	in year					1,870	~2,040
Net cash used in	financing	activities				~1,870)	~2,040)
Change in cash	and cash		equivalents	in
the reporting period Cash and cash equivalents			at the			190,982	(807)
beginning ofthe	reporting		period			71,992	72,799
Cash and cash equivalents			at the end	of
the reporting period						262,974	71,992

	RECONCILIATION	OF NET	OF NET	OF NET	INCOME/(EXPENDITURE)	INCOME/(EXPENDITURE)	TO NET	CASH FLOW	FROM OPERATING	FROM OPERATING
	ACTIVITIES
									2021	2020
	Net income/(expenditure) for the reporting Statement ofFinancial Activities) Adjustments for:					period (as	per the		30,276	(62,534)
	Depreciation charges Losses on investments Interest received Finance costs								16,457 (3)	16,676 (80,998) (8) 37
	Decrease in debtors (Decrease)/increase	in	creditors						95,709 ~7.887	11,592 41,297
	Net cash provided	by/(used			in) operations				134,752	~73,938)
2.	ANALYSIS OF CHANGES			IN	NET FUNDS
								At 1/4/20	Cash flow	Al 31/3/21
								F	F	F
	Net cash
	Cash at bank and in	hand						71,992	190,982	262,974
								71,992	190,982	262,974
	Debt
	Debts falling due within		1 year					1,870	1,870
								1,870	1,870
	Total							70,122	192,852	262,974

OTHER TRADING ACTIV		ITIE	S
					2021f	2020f
Merchandising					27	788
INVESTMENT INCOME
					2021	2020
Deposit account interest
INCOME FROM CHARITABLE ACTIVITIES
					2021f	2020f
Grants Fees receivable					44,485 29,926	194,945 290,719
					74,411	485,664
Grants received, included	in the above,			are as follows:
					2021	2020f
Arts Council England - Priority			Venues			16,862
The Waterloo Foundation						5,000
Esmke Fairbaim Foundation					24,981	62,185
Colwinston Charitab!eTrust						8,500
Hodge Foundation					5,000	5,000
Foyle Foundation -Welsh	Priority Venues					15,173
ACW - Creative Collaboration						1,909
Wales Arts International						10,000
British Council						5,000
Clwstwr						15,129
Welsh Government					3,000	20,000
Caerphilly County Borough ACW- Rygbi		Council				2,187 18,000
National Lottery Awards for		All				10,000
The Goldsmiths' Company Co-op's Local Community	Charity Fund				3,000 1,504
The Austin and Hope Pilkington			Trust		5,QOO
Association ofVoluntary Organisations				in Wrexham	1,000
The SirJules Thorn Charitable			Trust		1,000
					44,485	194,945

RAISING FUNDS
Raising donations		and legacies
						2021	2020
Fundraising support						1,800	14,600
Other trading activities
						2021	2020
						F
Merchandising costs						70	796
Aggregate amounts						1,870	15,396
CHARITABLE ACTIVITIES COSTS
					Direct	Support
					Costs (see	costs (see
					note 9) f	note 10)	Totals E
Advancing arts and	education			through
dance					788,268	333,333	1,121,601
DIRECT COSTS OF		CHARITABLE ACTIVITIES
						2021	2020
							F
Staffcosts						486,430	491,775
Rent and rates						42,959	52,250
Insurance Light and heat						11,807 19,025	13,820 25,356
Telephone						2,458	649
Postage, stationery	and		subs			3,120	8,612
Publicity and marketing Travel and training			costs			5,545 6,296	5,893 205,184
Repairs and maintenance							1,715
Direct production and		dance team fees				142,176	279,951
Cleaning Staff welfare Staff recruitment fees						6,262 4,319 18,038	8,429 1,170 6,404
WMC sinking fund						21,971	21,477
Grant underspend repayment						3,051
Depreciation						14,811	15,009
						788,268	1,137,694

	2021	2020
	F	F
Auditors' remuneration Taxation advisory services Other non-audit services Depreciation - owned assets Website costs amortisation	2,290 2,192 2,309 14,056 2,401	2,390 2,473 379 14,274 2,402

STAFF COSTS
			2021	2020
			F	F
Wages and salaries Social security costs Other pension costs			632,763 51,231 27,361	667,830 47,006 24,010
			711,355	738,846
The average monthly	number ofemployees	during the year was as follows:
			2021	2020
			32	30

14.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES
							Unrestricted	Restricted	Total
							funds	funds	funds
							F
	INCOME AND ENDOWMENTS				FROM
	Donations and legacies						879,826	5,148	884,974
	Charitable activities
	Advancing arts and	education		through		dance	290,719	194,945	485,664
	Other trading activities						788		788
	Investment income						8		8
	Other income						29,0?7		29,077
	Total						1,200,418	200,093	1,400,511
	EXPENDITURE ON
	Raising funds						15,396		15,396
	Charitable activities
	Advancing arts and	education		through		dance	1,326,661	201,986	1,528,647
	Total						1,342,057	201,986	1,544,043
	Net gains on investments						80,998		80,998
	NET INCOME/(EXPENDITURE)						(60,641)	(1,893)	(62,534)
	RECONCILIATION	OF FUNDS
	Total funds brought		forward				88,747	1,893	90,640
	TOTAL FUNDS CARRIED FORWARD						28,106		28,106
15.	INTANGIBLE FIXED		ASSETS
									Website
									costs
									F
	COST
	At 1 April 2020 and 31 March 2021								12,008
	AMORTISATION
	At 1 April 2020 Charge for year								4,203 2,401
	At 31 March 2021								6,604
	NET BOOK VALUE
	At 31 March 2021								5,404
	At 31 March 2020								7,805

16.	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS
						Furniture,
					Improvements	fittings
					to	and	Motor
					property	equipment	vehicles	Totals
					F	E		F
	COST
	At 1 April 2020				780	67,794	30,709	99,283
	Additions					3,528		3,528
	At 31 March 2021				780	71,322	30,709	102,811
	DEPRECIATION
	At 1 April 2020				117	27,497	23,467	51,081
	Charge for year				156	8,801	5,099	14,056
	At 31 March 2021				273	36,298	28,566	65,137
	NET BOOK VALUE
	At 31 March 2021				507	35,024	2,143	37,674
	At 31 March 2020				663	40,297	7,242	48,202
17.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
							2021	2020
								F
	Trade debtors						2,709	40,381
	Other debtors						1,753	3,918
	Theatre tax relief							61,625
	VAT						8,617	1,095
	Prepayments and accrued			income			67,440	130,834
							80,519	237,853
18.	CREDITORS: AMOUNTS			FALLING DUE	WITHIN ONE YEAR
							2021	2020
							F	F
	Other loans (see note	19)						1,870
	Trade creditors						23,935	158,986
	Social security and other		taxes				15,176	25,844
	Other creditors						7,827	4,090
	Accruals and deferred	income					281,251	146,956
							328,189	337,746

Minimum	leases fall due as follows:
	2021	2020
		F
Within one year between one and five years	11,937 18,343	6,312 5,780
	30,280	12,092

MOVEMENT IN	FUNDS
			Net	Transfers
			movement	between	At
		At 1/4/20	in funds	funds	31/3/21
		P	F
Unrestricted funds
General fund Associates fund		28,106	35,047 1,670	(6,441)	56,712 1,670
Restricted funds		28,106	36,717	(6,441)	58,382
Arts Council England - Priority Venues Esmee Fairbaim Foundation - Learning Lead Dancer			(3,051) (4,924)	3,051 4,924
Cultural Recovery	Fund		1,534	~1,534)
			~6,441)	6,441
TOTAL FUNDS		28,106	30,276		58,382

Net movement in	fu	nds, inclu	ded in the above are as f	ollows:
				Incoming	Resources	Movement
				resources	expended	in funds
				F		E
Unrestricted funds
General fund Associates fund				1,022,532 7,480	(987,485) ~5,810)	35,047 1,670
Restricted funds				1,030,012	(993,295)	36,717
Arts Council England - Priority Venues Dance for Parkinson' s Esmee Fairbaim Foundation -small scale				17,804	(3,051) (17,804)	(3,051)
touring Esmee Fairbaim Plethu Esmee Fairbaim Lead Dancer Cultural Recovery	Foundation Foundation Fund		-Grants plus - Learning	10,436 1,500 3,000 13,045 77,950	(10,436) (1,500) (3,000) (17,969) ~76,416)	(4,924) 1,534
				123.735	~130,176)	~6,441)
TOTAL FUNDS				1,153,747	~1,123,471)	30,276
Comparatives for movement			in funds
					Net
					movement	At
				At 1/4/19	in funds	31/3/20
					F
Unrestricted funds
General fund				88,747	(60,641)	28,106
Restricted funds
Dance for Parkinson' International Touring		s Grant		510 1,383	(510) J1,383)
				1,893	~l,893)
TOTAL FUNDS				90,640	~62,534)	28,106