2025-03-31-accounts

Registered number: 01930699 Charity number: 326926 BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) CONTENTS Page Reference and administrative inforniation Chair's statement Trustees, report 4-17 Independent auditors. report 18-22 Statement of financial activities 23 Balance sheet 24-25 Statement of cash flows 26 Notes to the financial statements 27-50

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Dame Sue Street, Chair Alidad Moghaddam, Deputy Chair Philip Howell. Chair of Finance Committee Beth Adams Lord Paul Boateng Lolita Chakrabarti Fiona Cullen Fiona Lamptey Natasha Lews Dania Saidam Mark Tantam Liyun Ye Company registered number 01930699 Charity registered number 326926 Registered office 99 Upper Ground London SE19PP Company secretary Natssha Lews Chief Executive Officer Helen Shute and Executive Producer Independent auditors Nyman Libson Paul LLP Chartered Accountants ststutory Auditors 124 Finchley Road London NW3 5JS Bankers National Westminster Bank plc 46 Notting Hill Gate London W11 3HZ Page 1

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 The chair presents her statement for the year. As I prepare my last statement after over 7 years as Chair of Rambert, I feel inordinately proud of the company and its remarkable dancers who demonstrate every day the a￿'stry, diversity, and resilience which defines us. And I warmly welcome the Chair designate, Rafael Biosse Duplan, who will take over from me at the 100th birthday of Rambert in June 2026. We are fortunate to have him, and he is fortunate to have Rambertl The 2024-25 financial year VRS marked by significant challenges for the arts sector, yet Rambert has demonstrated resilience and creativity in ensuring that dance continues to flourish. The company delivered record-breaking performances across the UK and Europe. We also expanded our participation opportunities to communities who might otherwise have limited access to the arts. During the year, 101.409 audiences experienced Rambert's work in person through ticketed productions and community engagement, plus an additional online audience of 16.297. Our landmark award-winning production. Peaky Blinders.. The Redemption of Thomas Shelby, embarked on its second UK tour in autumn 2024, reaching 47,455 people, followed by intemational performances in Luxembourg, Istanbul, and Paris. By its final London performances in August 2025, the show had reached over 200,000 audiences- a record for any Rambert production. We continued to deliver major creative projects, nurturing new artistic voices while reaching substantial audiences across the UK and internationally. In doing this, we premiered Analogue to 403 people, a new work by the much distinguished, Jill Johnson. Towards the end of the year. we collaborated with other leading choreographers including the renowned French collective {LA)Horde, eminent Swedish choreographer Johann Inger, and rising star, Emma Everlein. These works were performed in Summer 2025 with great critical acclaim. Beyond perfomiances, Rambert delivered more classes and courses for all ages and abilities, expanded Rambert Plus, digitsl content, and launched an affordable creative workspace at our London office. Our studio hire business more than doubled its income since 2022, hosting major organisations such as the National Theatre, English National Opera, Manchester Intemational Festival. alongside other West End productions and auditions - allowing many more artists to benefit from our exceptional facilities. Our work in communities has also deepened significantly this year, particularly in Greater Manchester. A standout project is Early Moves, a project for preschool children and their carers in Greater Manchester, now supported by Arts Council England's People & Places Fund wth the GMCA. This programme expanded to 20 nurseries, training 40 Early Years practitioners to deliver Rambert Grades classes twce a week. The Board and Executive have refreshed our strategy and risk register. The executive team have also updated policies to support staff, for example by introducing shared parental leave. And some hard decisions were taken to stsblise the company and safeguard its long-temi sustainability, including a restructure for the administrative team resulting in some redundancies and role freezes in early 2025-26. Rambert remains dedicated to finding and developing talent. We are proud to present a dance company that is visibly diverse and committed to developing diversity in leadership, management and govemance. We believe that different perspectives and backgrounds are essential to achieving excellence - both on the world stage and within the communities we serve. Employment for artists remains central to our mission. Alongside our pem)anent ensemble, we have offered fixed term commitments to exceptional artists and employed 93 freelancers in varying creative roles over the year. This demonstrates our commitment to supporting artists throughout the year while managing financial risk responsibly. Page 2

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) CHAIR'S STATEMENT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Fundraising activity continued despite the ongoing difficult economic climate. We are deeply grateful for the ontinued support from the Arts Council England, as part of its National Portfolio (2023-26) and Transform Fund, alongside contributions from Figurative, CAF, Lambeth Council. and private donors. We are also grateful to the individuals, and trusts and foundations who generously donated during the year - helping us reach new levels of success not previously imagined and who now stand by and support us through these changing times. We are also very grateful to our UK and intemational partners for their commitment to our projects as we all seek to reimagine our work and continue to collaborate in the future. All our partnerships are vital to sustaining our work and enabling creative innovation. Looking ahead, uncertainty persists rising costs of living and business. However, whilst prudent, we remain optimistic= Rambert will tour China for the first time in 30 years in March 2026, Rambert Grades the joint venture with Rambert School is projected to achieve its first surplus, and we have secured an inaugural Incentivising Touring grant from Arts Council England to build on audience development initiative through Peaky Blinders. Operational improvements wll continue into 2026, including the implementation of a new finance system in Summer 2025 and a new CRM system in December 2025 to enhance audience engagement. Both will further enhance real-time data for better governance and oversight. As Rambert turns 100, 1 extend my deepest thanks to each of our trustees who have been steadfast in their ommitment, dedication, and wsdom. On behaw of the Board, l also thank Helen Shute, Benoit Swan Pouffer, and their teams for their resilience and inspirational leadership. Dame Sue Street- Chair Date.. 31 January 2026 Page 3

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also directors for the purposes of company law, present their report together with the audited financial ststements for the year ended 31 March 2025. The annual report serves the purposes of a trustees, report and a directors. report under company law. The trustees confirm that the annual report and financial statements of the charitable company comply with current statutory requirements, the requirements of the charitable company's governing document and the Statement of Recommended Practice (SORP) applicable to the charities preparing their financial ststements in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 01 January 2019). By virtue of the above and under provisions of the Companies Act 2006 and FRS 102, Ballet Rambert Limited, which wholly owns Rambert Productions Limited. is deemed to be a subsidiary of Rambert Trust Limited. Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Page 4

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) OBJECTIVES AND ACTIVITIES Objectives The objects for which Ballet Rambert Limited is registered are to promote, maintain, improve and advance education particularly by the encouragement of the arts, especially the art of dance in classical, contemporary and other forms. In pursuit of these objects. Rambert has established itself as a company with authority and style. Rambert is one of the most famous dance companies of all time, founded in 1926, we specialise in developing talent and supporting underrepresented artists through a year-on-year commitment to diversity and inclusion infusing all plans. At Rambert, we: Bring top-tier perfomiances of the highest ambition and excellence to audiences across the UK. Perform woddwide, fostering new partnerships to deliver ambitious cross-artform co-productions. Nurture the development of contemporary dance artists from diverse background5 by5UPtK)rtinga full-time international en5ernble of dancers and fostering numerous artistic comrnissions. Use our artistic mission as a springboard for citizen-led participation projects and accessible classes, learning and training opportunities UK wide. Produce large-scale collaborations showcasing diverse persFectives with high-profile international artists and emergent talent. Train the next generation of dance talent worldwide via accredited syllabus Rambert Grades. Extend our reach beyond stages by broadcasting live performances, offering online classes, and providing specially crafted digital resources through our tree online plattoim. Rambert Plus. reachin8 living rooms and classrooms worldwide. Bring diverse. contemporary WO￿ to audiences of all ages. and through this to broaden perspectives, introduce new ideas and move the world fonvard towards a more equal future for all. The trustees are aware of their obligations under Section 19 of the Charities Act 2011 and have considered how the policie5 and practice5 of the cornpany prowde benefit to the public. particularly regarding the Charity Commissioner's guidance on fee chargin Activities and Achievements Producing and Touring Outstanding Work 2024-25 wa5 a major touring year, anchored by Tour 2 of Peaky Blinders- The Redemption of Thomas Shelby alongside other repertoire and mixed bills. Acr055the year. Rambert's 85 performance5were shared with 87,909 ticketed audience members and an estimated 13,500 non-ticketed attendees (free public events and non- ticketed activity). We continued to deliver major creative projects. nurturing new artistic voices while reaching substantial audiences across the UK and intemationally. We opened the financial year with the premiere of Analogue, a new creation by Jill Johnson, protegé and long-time collaborator of William Forsythe. The production, presented at stone Nest in London's West End, drew an thraordinary audience response. The intimacy of the space became a defining part of the experience, with manycommentingon the intensity of connection between performers and audience. Alongside new creation, our major touring work Peaky Blindets.. The Redemption of Thomas Shelby continued its remarkable impact. The UK tour exceeded expectations. reaching 47,455 people in 24-25, with sustained critical acclaim and strong venue partneiship& Performance after performance brought in large numbers of Page 5

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) audience5 who were seeing Rambert. and often any dance work. for the first time. Several cities reported exceptionally high proportions of new bookers. demonstrating the enduring power of this production to broaden who contemporary dance 15 for. Touring productions including Bring Your Own and Kismet achieved sell-out performances in European venues, with audience numbers including 2,443 attendees in Bath 113710 of income target) and strong regional performances in Manchester 11.692 attendees). Coinwall 11.4371 and Europe. Preparatory work advanced significantly for international touring, with pre-production for the China tOUT of Peaky Blinders.. The Redemption of Thomas Shelby commencing in the period, including confirmation of production management, casting cover involving 5 additional dancers, and logistical planning for larEe-scale tourin& Internationally, Peaky Blinders continued to open new pathways for Rambert. The work premiered in Luxembourg before travelling to Istanbul, Turkey, where it became the venue'5 be5t-selling dance production. A landmark three-week season at La Seine Musicale in Paris brought the work to 23,869 people. In context, Arts Council England insights noted that across all their National Portfolio Organisation's activity in France for that period, UK organisations collectively reached 58,000 people. meaning Rambert accounted for almost half of all UK cultural audiences in France in a single season. In total, since its initial creation in 2022, Peaky Blinders has been performed in 20 venues in 6 countries to 214,668 people. International activity remained a major component of Rambert's programme. Alongside Peaky Blinders international performances. the company continued planning for future seasons in Denmark. Italy, France, the USA and Hong Kong. Preparations for a confirmed seven-week tour of China in Spring 2026 are underway. International press coverage was extensive, especially in France, where more than 50 outlets, including Vanity Fair, Vogue France. Paris Match, Le Figaro, Le Parisien and Télérama featured Rambert, alongside broadcast appearances on TFI, France 2. BFM. France Inter and Quotidien. Rambert's Death Trap- a double-bill create(J and directed by choreographer Ben Duke- completed it5 UK tour with strong critical acclaim and excellent audience response, achieving 105% of audience targets and 126°A of its income target. The production was praised for its accessible blend of dance, text, and live music, with 5-stsr reviews from The Obseryer and The Independent. The tour also delivered sector-leading accessibility including integrated BSL interpretation. audio description and touch tours, positioning the work as a model for future inclusive touring at Rambert. Work also continued on future artistic programmes. Throughout the year, Rambert rehearsed with ILAIHORDE, preparing for the May 2025 premiere at the Queen Elizabeth Hall. Simultaneously, preparations began for the new double bill KISMET, consisting of Galleryof Consequence by emerging Dutch choreographer Emma Evelein, and the restaging of Johan Inger's acclaimed B.R.l.S.A. Both works will premiere in Rambert's 2025-26 financial year, extending the company's commitment to distinctive. diverse voices. A new opportunity emerged mid-year when Rambert was invited to perform a specially created Peaky Blinders extract at the BA Television Awards. Filmed live to an audience of 2,500 and broadcast on BBC One, the performance reached an estimated 3 million viewers and significantly raised the company'svisibility, forging new relationships with leading producers. During the summer. Rambert's takeover of the National Theatre'5 River Stage further showcased the range of our creative output. More than 5,500 people visited across the weekend. with strong demographic representation- 37Y. Global Majority audiences, 39% aged 35 or under, and exceptionally high satisfaction from d/Deaf and disabled audiences, 91% 01 whom rated their experience as excellent or very good. Ticket Pricing Policy Our goal is to ensure that our work is accessible to everyone and to redefine dance performance beyond conventional settings. During our tours, in collaboration with venue partners, we consistently provide concessions for young people. students. people facing unemployment. disabled people and their companions, and seniors. Page 6

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) We continue to offer complimentary and discounted tickets to local residents around our Lambeth home. including Coin Street residents, ensuring that those closest to our building can experience our work regardless of income. Digital Programme- Rambert Plus Rambert Plus recorded 16.297 attendanceslvisits over the year. The plattorm continued to offer 340+ on-demand classes and resources. Membership remained above 20.000 with options for free access via community and education partnerships. Rambert Plus grew its influence this year as an integral part of our offer, designed to reach those unable to attend in person and to deepen engagementwith existing audience5. The platform continued to host an extensive library of classes, films, podcasts and creative content from our dancers and collaborators. This year, Rambert Plus generated £33,441 in income, and saw peaks of more than 430 paying subscribers alongside more than 20,000 free memberships. The digital reach of our work continued to expand as Rambert films were selected for prominent festivals. including the Prix Italia and the San Francisco Dance Film Festival, where Peaky Blinders won Best Live Performance Capture. The one-week exclusive streaming of the film on Rambert Plus attracted 667 views from 335 individuals across the world. An influencer campaign reached close to half a million people, amplifying Rambert's digital presence and drawing new audiences towards our work and our mission. Classes and Participation In 2024-25, Rambert's Participation and Community team facilitsted- 1,158 sessions Delivered by 44 artists and creatives Creating 26,300 engagement opportunities across the year We continued to deliver a rich programme of in-person and online classes for all ages and abilities,. taught by a faculty whose lived experience shapes an inclusive and relevant offer. Our Classes for children, adults and older people remained con515tently popular, with 5ell-OUt terms at Coin Street for the third consecutive year. Participation and learning activity continued to expand. Acr¢)ss the year, Rambert delivered 36 Future Movement sessions acr055 three locations, trained 40 Early Years practitioner5 through the Early Moves programme, and expanded Rambert Classroom to 56 new school subscriptions, bringing total active 5choo15 to 77. An A-Level study day engaged 95 students from 16 schools, while onsite and community classes remained a significant strand of both impact and income. October 2024 marf(ed the highestarning month for classes at £1 Ik, placing the programme at 67°A of its annual target before yearnd. Partnerships played a crucial role in extending reach. Our specialist programme for adults with sight loss, co- designed with Eyes for Positivity, deepened this year through additional outreach with Metro Blind Sport and Beyond Sight Loss, engaging 3540 individuals. Meanwhile. oui twelve-week partnership in Redbridge reached 635 participants, many of whom were disabled, older adults or from lower-income backgrounds. Participants reported significant wellbeing impacts. with over 8010 notin8 that the classes brought people together and strengthened community cohesion. Sessions with Manchester MIND continued to support emotional wellbeing, with 100% of respondents ret)orting increased creativity and confidenee. Our first community celebration event for class participants at Rambert Studios further strengihened the connection between our faculty. our dancer5 and the communities we serve. Page 7

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) Schools and Leaming Our schools programme remained a vital strand of our charitable work. Rambert Classroom continued to grow, supporting teachers nationwide with online resources aligned to GCSE, A-Level and B-Tech Dance. By the end of the year, 74 schools held subsciiptions. our strongest uptake to date. supported by targeted outreach to 330 schools including those in Levelling Up for Culture areas. Across the year, our Artists in Residence and Day at Rambert programmes reached 593 students from 22 schools. delivering 1.674 enga8ements. Feedback demonstrated high relevance and impact. One teacher described how a student, initially introduced to contemporary dance through a Rambert residency in Year 7, went on to join the Trinity Laban Youth Company and was later offered a place on its prestigious CAT scheme. Teacher5 consistently tell us that the programme helps student5 see them5elve5 in the work and that it raise5 aspiration and confidence. We also ran CPD sessions for teachers, both online and in person. Mth strong feedback including appreciation for the support offered in preparing students for written exams in GCSE and A-Level dance. Rambert Grades Rambert Grades is a membership organisation seryicing approximately 670 paying members across nearly 40 Eeographic territories. Rambert Grades provides training in the two syllabi currently on offer to dance teachers. allowing them to submit examinations once trained. Grades also provides 11 graded dance examinations in contemporary dance, across 4 levels. for children aged 4 and above. Rambert Grades continued its rapid expansion as an accredited global awarding organisation. By March 2025, 709 teachers were trained in Grades. representing a community now active in 40 countries. Examination numbers continued to climb. with 1,347 exams undertaken in the Rambert financial year despite the known l& month lag between training and examination delivery. This year saw the highly anticipated launch of the new Performance Pathway designed to support students with a more classical background while maintaining the breadth of contemporary styles. The new digital member management system was launched, improving access. monitoring and the candidate journey. After significant investment in Rambert Grades. the Board have approved a budget that would show the organisation's first surplus at the elld of the 2026 calendar year. Following the resignation of Grades CEO Abi Reeve, in October 2025, the Company and School CEOS havejointly proposed a new5tructure comprising a single grades team- made up of School, Grades and Company employees who will work together as a unit to deliver the Grades business plan, promote its brand and strengthen the wider Rambert brand. This will: reduce or eliminate the doubling up lor triplingl of costs across the three entities. maximise income and growth of Grades. retain talent and experience in current Grades team better lever Grades to enhance Rambert brand and strengthen its shareholders positions with funders and audiences. The organisation has a five-year12025- 20301 strategy fixed on driving business growth through the number of exam entrie5 and presence in more mainstream education. A return on investment plan will be determined once surplus is regularfy achieved. Our long-term partnership with the Royal Academy of Dance IRAD) remains central to Grades, international development. The programme is now embedded across all 83 RAD countries. with RAD teachers making up Page 8

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) around half of Grades, membership. New international examining groups were welcomed froTn South Korea. Turkey and remote regions of Canada. reinforcing the accessibility of digital assessment models. Community Partnerships Our work in communities deepened significantly this year. particularly through multi-year partnerships in Lambeth, Greater Manchester, Mansfield and Liverpool. These partnerships allow us to build activity with local audiences over time and ensure Rambert is serving communities who face systemic barriers to cultural participation. Early Moves, now supported through Arts Council England's People & Places fund with GMCA, expanded to 20 nurseries, training 40 Early Years practitioners to deliver Rambert Grades classes ￿lce a week. Practitioners consistently expressed enthusiasm for the training, describing it as energising, confidence-building and transformative in their approach to supporting children's motor skills and creativity. By March 2025, Early Moves had- Trained 32 practitioners across 18 nurseries in Greater Manchester. Reached over 100 children in the first phase. with a larger dataset being developed. Received very positive qualitative feedback. includinB: Improved confidence and engagement in children with English as an additional language Children beginning to use new vocabulary such as'stop" and "go" in sessions Led GMCA to commission £30,000 in research into practitioner wellbeing and impact on children, with a detailed report due in Spring 2026. There is interest from other regions. including London, in adapting this model. with local authorities exploring funding routes for pilots. Across the year, we hosted free activity for Lambeth residents, deepened partnerships wth community organisations, and continued to use inclusive evaluation toolsto understsnd and evidence the wellbeing impacts of participation. Talent Development- Apprentices and Future Movement Future Movement continued to be a cornerstone of oui work to develop the next generation of creative talent. Across three hubs, London, Mansfield, and Liverpool, the programme worked with 71 young people this year, almost half of whom identified as LGBTQ+, one third as Global Majority. and nearly half as coming from working- class backgrounds. Young people shaped the direction of the programme, e￿agIng in dance, spoken word, drag, animation and filmmaking under the guidance of partners such as Beats & Elements. Their work will culminate in a large-scale public sharing in Liverpool in 2025. The power of the programme's pathways was demonstrated through the progress of a participant who joined Rambert as an assistant facilitator and secured a place on the National Youth Theatre's Stage Management Course. Apprentice dancer5 continued to rehearse and perform as full members of the company, gaining invaluable professional experience, while staff and freelance artists benefitted from ongoing training and development opportunities. EDI Policy Rambert continues to monitor and advance its EDI commitments through ongoing staff suNeys, annual workforce reporting and regular updates to Arts Council England. Data from the 2024-25 Annual SuNey shows Page 9

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) that Rambert remains one of the most diverse organisations in the UK dan￿ sector, particularly within the company of dancers. Among dancers, 95Yo are aged 20-34, 65% identify a5 non-WhitelGlobal Majority, 45% identify as LGBTQ+, and 20% are neurodivergent. The ensemble isalso hiEhlyeducated, with 70% holding a university or master's degree. Across the wider workforce. 34% identify as non-WhitelGlobal Majority. 38% as LGBTQ+. 8% as neurodivergent and 8 /0 as Dldeaf. disabled or living with a lonE-term health condition. Board diversity remains strong in ethnicity. with 42% of trustees identifying as non-WhitelGlobal Majority. During the year, Rambert rolled out a shared Parental Leave Policy in line with UK legislation, allowing eligible parents to share weeks of statutory pay followin8 the birth or adoption of a child. This reflects our commitment to supporting family-friendly and inclusive working practices. Rambert maintains a Board EDI Lead to support accountabilty and transparency, chairing the staff EDI working group, advising the Executive team 2nd providing quarterly reports to the Board to ensure progress remains consistent and embedded across the organisation. Summary Across the financial year, Rambert continued to deliver against its charitable objectives with depth, scale and integrity. We premiered new work, toured across the UK and internationally, expanded our digital platform, grew Rambert Grades globally, worked with thousands of individuals through classes. schools and communityactivity, and supported the development of future creative professionals. Our work reached hundreds ol thousands of people live and digitally. placing Rambert at the heart of contemporary culture in the UK and beyond. Financial ReTr4llew Despite the financial challenges acrossthe Arts Sector, we are delighted that our core revenue funding from Arts Council England IACEI as a National Portfolio Organisation has been uplifted by 5°A from April 2026 and Secured until March 2028. Thi5 continues to give us a solid foundation a5 we further recoup our reserves from our grown supplementary commercial ventures. Following a highly successful UK tour of Peaky Blinders.- The Redemption of Thoma5 Shelby, which played to strong audiences nationwide, the production has gone on to secure a significantty lucrative touring engagement in China. This seven-week tour straddling 25-26 and 2&27 financial years (March 2026 - April 20261, will generate an estimated surplus towards overheads, building back our reserves and reducing the brought forward loss on the production. This tour is expecting to generate over £200,000 in surplus for the Company, before tax relief considerations. The scale and commercial performance of the work have strengthened the organisation's financial position and demonstrated Rambert's ability to deliver large-scale productions with substantial international reach. The success of this production model has provided a clear strategic rationale and confidence to plan the development of a further large-scale work using a similar approach to commissioning. co-production and commercial touring, scheduled lor 2026-27. During the latter part of the 2024-25 financial year, Rambert operated in a materially constrained financial context, managing cashflow pressures alongside a temporary reduction in orEanisational capacity of 7 FTE roles following a restructuring of the administrative tearn. Despite these pressures, the organisation sustained delivery across its artistic, touring, participation and commercial activity, maintaining a total annual turnover of £3.2m while continuing to reach significant audiences in the UK and internationally. Ballet Rambert Limited recorded a deficit on funds of £51,481 12024.. deficit of £361,656 before accounting for the £250,000 in-year asset valuation). This comprises a delicit on unrestricted funds of £408,67512024- deficit of £353,889) and a surplus on restricted funds of £105,82012024: surplus of £102,515). Page 10

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) Rambert's income profile in 2024-25 demonstrates a notably diversified funding model. which continues to underpin the organisation's resilience in a difficult operating environment. Core public funding continues to provide a stable foundation, with Arts Council England NPO income held at £2.16m during the financial year. offering essential continuity and predictability for long-term planning. Additional Arts Council project and restricted funding further supported delivery, evidencing continued confidence from public funders in Rambert's art15tic and organisational strength. Plans for 2025-26, 2026-27, and 2026-27 have ￿en thouEhtfully crafted to navigate the financial landscape and better ensure a prosperous future and growth of liquid reserves. The Peaky Blinder5 is scheduled to continue its tK>pular successful tour across the UK and Europe and prepares for a seven-week surplus generating tour in China in Spring 2026. Followingthe receipt of planning permission from Lambeth Council, we are engaging in mural advertising on our East and West facades and continuing to hire out our studios to grow our commercial income streams. We have several fundraising initiatives planned to best harness our upcoming centenary in June 2026 to secure specific grants and development opportunities. Cashflow is monitored continuously. The trustees have examined the future income forecasts and expenditure plans based on our planned activities, ensuring a balanced and strategic approach. To ensure smoother operations, we continue to utilise a bridging loan to cover our rfR claim from HMRC, mitigating the impact of potential delays. Earned income from charitable activities reduced compared to 2023-24, largely reflectingthe touring cycle and reduced boxoffice activity in a yearwithoutthe same scaleof domestic performances. However, this was partially oftset by growth in education-related activity such as Rambert Cla55room which added 56 schools in 2025, and Archive income, highlighting the organisation's ability to extract value from its intellectual and artistic assets beyond the stage. These strands, while smaller in absolute terms, contribute to income resilience and align closely with mission delivery. Our forecast for 25-26 showsoverall income of £5,826,189 across ourgTOUP from touring and building hires and other building initiatives. We have also forecasted. and cash flowed our 2&27 and 27-28 financial years. showing a return to surplus and building back of reserves, with a forec35ted operating Profit of £489,668 and £984,266 respectively. This two-year plan would see Rambert with overall unrestricted funds in surplus, with a further year of security in 27-28 with our confirmed NPO fundin& Peaky Blinders Generated income from this production from our subsidiary production company continues to be distributed to the Company to support its linancial position. Towards the end of the 2024-25 financial year, several international performances in Israel and Dubai were cancelled in response to the evolving conflict, reflecting a decision to prioritise staff safety and act in line with the organisation's values. While this reduced anticipated box office income, the experience strengthened Rambert's operational preparedness and risk planning, which has directly informed and supported the development of the forthcoming China tour in spring 2026. The set is expected to be fully depreciated in the 2025-26 financial year. Rambert Plus Digitsl engagement continued to grow in scale and value. Rambert Plus reached over 25,000 free members, with sustained engagement metrics including email open rates of 60-75% and ne£ligible unsubscribe rates. Phase one of the migration of classes and bookings to a new system delivered a IO% year-on-year increase in income Page11

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) for equivalent activity levels. demonstrating the potential of digital investment to support both access and financial sustainability. Rambert Plus is generating sufficient income to cover its costs supported by a grant from Arts Council England until March 2026. Afterthis, the Executive Team will continue to monitorthe financial and non-financial benefits (such as audience engagement insights) of the initiative. Digitsl expertise within the team and through our tx)ard advisory committee are allowing us to identify how to increase subscriptions through cost effective changes to payment processes and user experience. Rarnbert is utilising its new CRM 50ftware that went live in December 2025 to streamline Rambert Plus's engagement funnel Imoving from 115 completing the journey to even 215 would increase annual income by 56%,. 315 would increase it by 85%). The organisation is already seeing a 10° year-on-year increase in income wth the same number of classes run. Rambert PIu5'5 value is not only as a digitsl product but a5 a long-terTll Strategic tool. While the paid subscription model remains costly, the free membership125k+l delivers exceptional engagement- email open rates of 60- 75 /0, click rates around 5°A, and extremely low unsubscribe rates10 in the last quarterl. These indicators point to significant long-term potential for fundraising, audience retention and tsrgeted income generation-even if subscription revenue remains modest. The platform's relational value now drives ourthinking around sustainable audience development for the next decade. Alongside surplus generating projects. Rambert's Executive leadership and finance committee are paying close attention to cost saving opportunities. ArtIStlC PTojectswhi15t planned forare being greenltt in a staggered fashion to ensure that the company does not over commit as we build back reserves. Partnerships such as with the Southbank Centre in 2025-26 and Co-producers for oui China Tour in 25-26 and 26-27 allow Rambert to produce newwork with significant support and lower risk than in previous years and better manage cashflow. Fundraising Activitie5 and Income Generation Fundraising The Development team operated with three full time equivalents in 2024-25, supported by a Development Board chaired by Trustee, Beth Adams, and involving several ambassadors who champion the work of Rambert and invite contacts to events. Fundraising activity during the year laid imp)rtant groundwork for future growth. The organisation began structured planning for its centenary campaign, with a clear ambition to grow philanthropic income and diversify funding source5 over the medium term. Prospect research expanded significantly, with over 160 prospective donors identified for cultivation. and investment in systems and audience data continued to support more effective 5teward5hip and donor engagernent. Fundraising income in 2024-25 reflected both the challenging economic climate facing the arts sector and a period of strategic transition for Rambert's development actiwty. Total fundraised income from donations, legacies, grants. and public funding equated to £525k compared with £725k in prior year. This reduction was driven primarily by lower restricted income and the absence of legacy receipts in the yeaT1£112k in prior yearl. reflecting timing rather than a decline in underlying supporter commitment. Total income from donations and grants amounted to £355k, compared wth £487k in the previous year. Voluntary income shows encouraging signs of strategic shift rather than structural decline. While overall donations are lower than the previous year, individual giving increased substantially, with income from individuals rising more than fivefold. This suggests growing engagement with Rambert's work among individual supporters and reflects targeted efforts to strengthen personal philanthropy. Trusts and foundations income also grew Strongly year on year, reinforcing the value of sustained relatior15hip-based fundraising and a portfolio approach that reduces reliance on any single source. The absence ol legacy income in the year reflects timing rather than trend and does not undermine the underlying fundraising trajectory. Donations and legacies income reduced by £200k compared with the prior year, largely due to the profile and timinE of grant awards and no legacies in this financial year. Trusts and foundations income nevertheless Page 12

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) performed strongly, increasing by £75k compared to prior year, supported by succe55ful applications and sustained relationship-based stewardship. Taken together, fijndraising income in 2024-25 demonstrates resilience in a difficult environment and a clear rebalancing towards more sustainable individual and trust-based giving. While total income reduced year on year, the underlying trajectory and strengthened pipeline position Rambert well for future development, particularly as centenary-related activity and international touring opwrtunities come on stream. Rambert rernains registered with the Fundraising Regulator and commits to our ftjndraising being compliant. open, honest and respectful, meeting the standards set in the Fundraising Code of Practice. We are aware of the Charities (Protection and Social Investment) Act 2016, and the Trustees support the aims ofthis legislation. The majority of Rambert's voluntary income comes from other charitable bodies. We undertake very little direct fundiaising activity involving individual donors. Rambert considers the origin of unsolicited donations and legacies. We do not share or purchase any donor dats with or from third parties. In 2024-25 the charity did not engage with independent professional lundraisers. We also did not receive any complaints in relation to fundraising or need to address any significant matters with regulators. 2. Other Income Generation: A particularly p051tive feature of the year is the continued growth of commercial and other income stream5. Studio hire income increased by over 40%, reaching £300k and becoming a significant contributor to unrestricted income. This reflects successful optimisation of Rambert's estate and demand for high-quality creative spaces, generatingflexible income that can be reinvested into core 3Ctivity- Income from building rental, service provision, memberships and workspace hire also grew, demonstrating the maturity of Rambert's mixed-use model and reducing exposure to volatility in iK)x office or donations. In 24-25 other income streams included. £300,148 generated through hiring our studiDS lan improvement from £213,781 in 23-241, as well as our onsite physio clinic Rebalance who brought us £35,802. a. Measures taken to mitigate financial risk Rambert's has revamped in iisk management process. having moved to a more objective centric and inter- dependent approach that better informs Trustees of the risk trade-offs of deci5i0n-making. Projects are subject to green lighting, with Board oversight, assessing the financial viability of each undertaking. Cashflow is monitored continuously, and the trustees believe that in general temis, taking the continuing uncertain economic climate into account. the group needs to have access to liquid reserves of at least £250,000 within the current account. During 2024-25. as reserve5 were below target, we maintained an overdraft facility with our bank, Natwest. Over the year, Rambert has tsken a rneasured and proactiveapproach to managingfinancial risk in a challenging economic environment. The Board and Executive refreshed the organisation's strategy and risk register, strengthening oversight and ensuring that emerging pressures were actively monitored. Income risk was diversified through a strong touring programme, international partner5hip5, digital activity. and the expansion of commercial studio hire, which more than doubled income since 2022. Cost pressures were addressed through operational efficiencies and, where necessary, difficult but prudent decisions to Stabilise the organisation, including a restructuring of the administrative team. Employment models balanced artistic ambition with financial responsibility, maintaining a permanent ensemble while drawing on fixed-term contracts and freelancers to retsin flexibility. Investment in new finance and CRM systems has further strengthened financial control and governance, improving the quality of real-time data to support informed decision-making and long-terrn sU5tainability- Expenditure is tightly controlled. budgets are set in advance with Finance Committee approval and monitored by the Executive, who meet weekly. Variance5 Of actuals against budgets are iteratively reported to and reviewed by the Finance Committee for awareness, and specific expenditure whether for a specific project or one-off expense over £50.000 requires their approval in advance of expenditure being incurred. There was no one off Page 13

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) expenditure requiring Finance Committee approval in 24-25 outside of the regulargovernance cycle, given there was no short-term expenditure over£50,000. Protocolsare in place and regularlydiscussed amongst Executives, to ensure steps are taken to protect the company should predicted income not come in. Risks in 2024-25 included an increased reliance on reachinE high box office targets, which were monitored through weekly sales reports, and ongoing rising cost of business, which were mitigated through restructuring, reforecasting. reducing additional activity to focus on supporting the delivery of Peaky Blinders The Redemption of Thoma5 Shelby by Rambert Productions Limited. and cash rnanagement as discussed above. Rambert's risk exposure was significantly lower in 24-25 due to our artistic programme choices and box office targets, however the mitigations remain in place to ensure the that the Finance Committee and board have good oversight in this area. with risk increasing again towards the end of 25-26 as a result of delayed fundraising and commercial incorne, which has now been confirrned. The risk to financial sustainability has therefore been reduced and will continue to reduce in 26-27 as determined by a two-year budget showing operating surpluses to rebuild reserves. Reserve5 As at 31 March 2025, Ballet Rambert Limited's unrestricted re5erve5 are in deficit by £302,85512024 deficit of £251,374), with restricted reserves of £105,82012024- £102,515) relating to monies received in advance on projects which are yet to take place. Our free reseNes position for Ballet Rambert Limited has a deficit of £785k which 15 SUPPOrted by Rambert Trust Limited. Whilst there 15 a deficit, Rambert continues to be committed to targeted cost saving initiatives, which have been reflected in our budgeting process, fegular review of processes for greater efficiency, and new revenue streams. It is the intention to rebuild reseNes followinE the pandemic. The Trustees have examined the forecasts for the levels of income in future year5 together with a similar examination of expenditure based upon planned activity- The trustees believe that in general terms, taking the continuinguncertain economic climate into account, ideally the group should have access to reserves of at least £750,000. However, to begin to rebuild reserves after the pandemic, Rambert is first focusing on building up a reserves balance of £250,000 in the next few year5 before reaching its longer-term ambition of £750.000. Going concern Despite our current deftcit, our core revenue fttnding of £2,164,251 in this financial year and £2,199,099 in 25126 from Arts Council England IACEI as a National Portfolio Organisation has been secured to March 2028. with a 5Yo uplift for our 2026-27 financial year. As di5CU55ed above under 'Financial review,, we have initiatives scheduled to improve our financial position which will be managed and monitored closelywith Trustee oversight. Several initiatives were rolled out in 2025 to generate further income and reduce the company's recurring fixed costs: Two members of staff were made redundant, and roles were frozen across each Directorate. Rambert's portfolio of classes have been re-reviewed to provide a more profrtable offer for the Company whilst ensuring the values and requirements of the NPO investment principles are duly achieved. Rambert's investment in its studio hire facility has led to significant Erowth of interest and resultant revenue. The organisation hired its space to the BFI Film Festival in October 2025. We have secured planning permission to engage mural advertising on our east and west facades. Rambert has partnered with internationally renowned, Global Street Art for a monthly fee ot £50,000 foreach 28-day period of advertising from the start of financial year 26-27. These initiatives will continue to support our financial position and support the company in regrowng its reseNes arter they were depleted by the Pandemic. Alter making appropriate enquiries and, reviewing the Company's forecasts the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 month5 from the date of approval of these financial statements. The Company has a budget and sUPPOrting cashflow for further financial years that show two years of surpluses that will be used to build ieserves. For this Page 14

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) reason, the Trustees consider it appropriate to continue to adopt the going concern basis in preparing the Company's financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policie5. Structure. Governance and Management Constitution Ballet Rambert Limited is a charity limited by guararrtee and governed by its Memorandum and Articles of Association.The membersguarantee the debtsofthe companyto a maximum of£1 each. Methods of Appointment or Election of Trustees Trustees are sourced through open advertisements and a careftjl process of selection through a Nominations Committee - a Board subgroup. New Trustees undergo an induction to rneet key Members of staff and learn about the modu5 operandi and financial performance of the Company. They are also given written information about their responsibilities as trustees. Trustees are encouraged to attend appropriate events where these will facilitate the undertaking of their role. Organi5ational Structure and DecisioTrmaking Policies Ballet Rambert Ltd, trading as Rambert, is a charttable company limited by guarantee and governed by a board of voluntsry trustees. For over seven years the board has been chaired by Dame Sue Street, former Permanent Secretary at DCMS. under whose leadership Rambert has benefited from strong and experienced governance and a board with wide-ranging expertise across finance, law. technology, communications and the arts. During her tenure, Dame Sue has been a well-established and visible Chair. supporting the company's public profile, strengthening relationships with major individual philanthropists, and maintaining a clear focus on organisational sustainability. She has worked closely with Chief ExecutivelExecutive Producer Helen Shute and Senior Independent Director Mark Tantum to ensure robust succession planning for key leadership and trustee roles, alongside long-term strategic priorities such as Rambert's centenary celebrations. As Dame Sue begins concluding her time as Chair. coinciding with over seven years of seryice, the organisation enters its centenary period in a position of confidence and stability. Rafael Biosse Duplan will assume the role of Chair at Rambert's IOOth anniversary in June 2026, ensuring continuity of strong governance as the company builds on its remarkable artistic legacy. There are subcommittees covering finan￿. digital. development, nominations. remuneration and equality. diversity and inclusion. Senior leadership at Rambert is also well established and experienced, led by Helen Shute. Chief ExecutivelExecutive Producer. and Benoit Swan Pouffei. Artistic Director. Subsidiaries Ballet Rambert Ltd wholly owns a trading subsidiary, Rambert Productions Ltd, Set up to produce work on behalf of Ballet Rambert Ltd. The 8roup's parent company. Rambert Trust Ltd. is also a charity, with the same trustees as Ballet Rambert Ltd who also meet quarterly- Rambert Trust Ltd was the developer forthe South Bank building base. Ballet Rarnbert Ltd also owns a companyjointly150=501 ￿th Rambert School, Rarnbert Creative Contemporary Dance Grades Ltd IRambert Grades) which has a board made up of trustees and executives from the two shareholders and from June 2025 has been chaired by Natalia Levin (Rambert School trusteel. The trustees of Rambert Grades meet quarterly and report to their respective boards, with a joint Shareholder meeting once a year for updates on the project. A second joint company with Rambert School. Rambert Trademarks Holding Page 15

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) Company Ltd, controls and protects the Rambert trademark which meets every Six months to monitor risks to the shared brand. Pay policy The goal of Rambert's remuneration policy 15 to offerfair pay to attract and keep appropriately qualified staff to lead, manage, support and deliver the company's aims. As a publicly funded charity. the companytakes account of how salary levels rnay be perceived by stakeholders. including ftjnders, as well as ensuring salaries are affordable by the charity. Rambert has been officially endorsed as a London Living Wage Employer since February 2017. Remuneration for the CEO and Artistic Director is set by the Board. Pay for Rambert dancers is subject to a collective agreement with the union, Equity and is generally negotiated annually. Pay for all other stsff, except for the Chief ExecutivelExecutive Producer and Artistic Director. is set by the Chief ExecutivelExecutive Producer. Any considerations for pay rises are reviewed annually as part of the annual budgeting process and are therefore scrutinised by the company's Finance Committee. Change5 to pay also occur when recruiting new staff or for organisational restructures and therefore material changes in roles and responsibilitie5. ststement of Trustees, responsibilities The Trustees (who are also the directors of the Company for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expendituie. for that period. In preparing these financial statements. the Trustees are required to= select suitable accounting policies and then apply them consistently. observe the methods and principles of the Charities SORP IFRS 102). makejudgment5 and accounting estimates that are reasonable and Prudent. state whether applicable UK Accounting Stsndards IFRS 1021 have been followed. Subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unle55 it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any tirne the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 16

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Disclosure of information to auditors Each of the persons who are Trustees at the time Ythen this Trustees. report is approved has confirmed that: so far as that Trustee is aware, there is no relevant audit infomiation of which the charity's auditors are unaware, and that Trustee has tsken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information. Auditors The auditors, Nyman Libson Paul LLP. have indicated their willingness to continue in office. The designated Trustees wll propose a motion reappointing the auditors at a meeting of the Trustees. Approved by order of the members of the board of Trustees on 31 January 2026 and signed on their behalf by.. Philip Howell Trustee Page 17

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BALLET RAMBERT LIMITED Opinion We have audited the financial statements of Ballet Rambert Limited (the 'charitable company,) for the year ended 31 March 2025 which comprise the Statement of financial activities Ilncorporating Income and Expenditure Account), the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, {United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements= give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and applicab'on of resources. induding its income and expenditure for the year then ended; have been propedy prepared in accordance wth United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance Intemational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial ststements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fvlfilled our other ethical responsibilities in accordance wth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Tru5tees' use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least ￿1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 18

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BALLET RAMBERT LIMITED (CONTINUED) other infomiation The other infomiation comprises the infomiation included in the Annual report other than the financial statements and our Auditors, report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. do not express any fomi of assuran￿ conclusion thereon. Our responsibility is to read the other infomiation and, in doing so, consider whether the other information is materially inconsistent wth the financial statements or our knovAedge obtained in the course of the audit, or othe￿iSe appears to be materially misstated. If identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomied. we conclude that there is a material misstatement of this other infomation, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infom)ation given in the Trustees. report for the financial year for which the financial statements are prepared is consistent with the financial statements. the Trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knO￿edge and understanding of the charitsble company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, report. We have nothing to report in respect of the followng matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion= adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the infomiation and explanations we require for our audit- or the Trustees were not entitled to prepare the financial ststements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the Trustees, report and from the requirement to prepare a Strategic report. Page 19

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BALLET RAMBERT LIMITED (CONTINUED) Responsibilities of trustees As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees detemiine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or e￿or. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern. disdosing, as applicable, matters related to going concern and using the going oncern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. Page 20

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BALLET RAMBERT LIMITED (CONTINUED) Auditors. responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors, report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance wth ISAS (UK) will always detect a material misstatement when rt exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line ￿th our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. We gained an understanding of the legal and regulatory framework applicable to the charity and the industry in which it operates and considered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. We designed audit prO￿dureS to respond to the risk. recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by. for example, forgery or intentional misrepresentations, or through collusion. We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, UK tax legislation, Charities Act and Charity Commission guidelines. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial ststements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing joumals and evaluating whether there ￿￿S evidence of bias by the trustees that represented a risk of material misstatement due to fraud. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance v4ith laws and regulations throughout the audit A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.or -uklauditorsres onsibilities. This description foms part of our Auditors, report. Page 21

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BALLET RAMBERT LIMITED (CONTINUED) Use of our report This report is made solely to the charitable company's members, as a body, in accordance wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters are required to state to them in an Auditors, report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. Paul Taiano Isenior statutory auditor) for and on behalf of Nyman Libson Paul LLP Chartered Accountants ststutory Auditors 124 Finchley Road London NW3 5JS 31 January 2026 Page 22

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Restricted funds 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Charitable activities Other trading activities.. Investments 219,105 2,469,714 194.196 2,688,819 194,196 2,888,987 461,995 1,465 345.141 1,465 345,141 1,481 284,369 Other income Total income 219,105 3,010,516 3,229,621 3,636,832 Expenditure on: Raising funds Charitable activities 243,859 2.821.443 243,859 3.037,243 221,650 3,776,838 215,800 Total expenditure 215,800 3.065,302 3,281,102 3,998,488 Net movement in funds before other recognised gainsl(losses 3,305 (54.786) (51,4811 {361,656} Other recognised gainsl(losses): Gains on revaluation of fixed assets 250,000 Reconciliation of funds: Total funds brought fO￿ard Net movement in funds 102,515 3,305 (353,889) {54,786) (251,374) (51,481) {139,718) (111,656) Total funds carried forvrdrd 105,820 (408,675) (302,8551 {251,374} The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 27 to 50 form part of these financial statements. Page 23

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) REGISTERED NUMBER: 01930699 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed assets Intangible assets Tangible assets Investments 13 14 28.878 337,233 10,251 41,238 327,509 10,251 15 376,362 378,998 Current assets Debtors Cash at bank and in hand 16 1,438,124 51,870 1,689,702 17,250 1,489,994 1,706,952 Current liabilities Creditors.. amounts falling due wthin one year 17 {1,048.636) (1,082,127) Net current assets 441,358 624,825 Total assets less current liabilities 817.720 1,003,823 Creditors.. amounts falling due after more than one year 18 {1.120,575} (1,255,197) Total net assets (302,855} (251,374) Charity funds Restricted funds Unrestricted fvnds 19 105.820 (408,675} 102,515 (353,889) 19 Total funds (302,855> {251,374} Page 24

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) REGISTERED NUMBER: 01930699 BALANCE SHEET ICONTINUED) AS AT 31 MARCH 2025 The Trustees aCknO￿edge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordan￿ with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on 31 January 2026 and signed on their behalf by= Philip Howell (Trustee) The notes on pages 27 to 50 form part of these financial statements. Page 25

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating activities Net cash used in operating activities 52,684 (24,783) Cash flows from investing activities Purchase of intangible assets Purchase of tangible fixed assets Bank interest received (20,790) (51,164) 1,481 (29,029) 1,465 Net cash used in investing activities (27,564} (70,473) Cash flows from financing activities Cash inflows from new borrowing Repayments of borrowing 335,822 500,000 (434,598} (219,249} Net cash (used in)Iprovided by financing activities (98.776} 280,751 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning ofthe year (73,656} {193,288} 185,495 (378,783) Cash and cash equivalents at the end of the year {266,944} (193,288) The notes on pages 27 to 50 form part of these financial statements Page 26

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General infomiation Ballet Rambert Limited is a charitable company limited by guarantee, incorporated in England and Wales. The address of its registered office is 99 Upper Ground, London SE1 9PP. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance wth the Charities SORP (FRS 1021 Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Ballet Rambert Limited meets the definition of a public benefft entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othe￿iSe stated in the relevant accounting policy. Group financial statements The Company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the Company as an individual entity and not about its group. Ballet Rambert Limited is a subsidiary of Rambert Trust Limited and the results of Ballet Rambert Limited are included in the consolidated financial statements of Rambert Trust Limited which are available from 99 Upper Ground, London SE19PP. 2.2 Going concern Rambert meets its day to day working capital requirements through the utilisation of its own funds, bank loans and other loan funding. As detailed in the Trustees. report, after reviewng the Company's forecasts and projections, especially with the growth in intemational touring activity. reflecting surpluses from 2025-26, the Trustees have a reasonable expectation that the Company has adequate resources to continue in the pursuit of its artistic endeavours and operations for a period of at least 12 months from the date of approval of these financial ststements. The Trustees therefore consider it appropriate to adopt the going concern basis in preparing the Company s financial statements. Page 27

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinued) 2.3 Income Public subsidies and grants Public subsidies and grants are recognised in the ststement of financial activities so as to match them with the expenditure towards which they are intended to contribute. When the grant is given towards specific activities. the grant and related expenditure are disclosed separately in the statement of financial activities wthin restricted funds. Sponsorship, donations and related deferred income Income from sponsorships and donations, induding capital grants, is included in incoming resources when these are receivable. ex￿pt as follows" When donors specify that donations and grants given to the incorporated charity must be used in future accounting periods. the income is deferred until those periods,. and When donors impose conditions which have to be fulfilled before the incorporated charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions for use have been met. When donors specify that sponsorships and donations, including capital grants, are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming reSoUr￿S as restn.cted funds when receivable. Generated income Box office, foreign touring, education and miscellaneous income are accounted for on an accruals basis. Income is deferred vthere it relates to productions and courses commencing in future accounting periods. Page 28

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinued) 2.4 Expenditure Expenditure is included in the statement of financial activities on an accruals basis. Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributsble to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities. such as- Costs of raising funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds- Charitable activities include expenditure associated with the productions and other activities and include both the direct costs and support costs relating to these activities., Govemance costs include those incurred in the govemance of the charity and its assets and are primarily associated with constitutional and statutory requirements., and Support costs include central functions and have been allocated to activity cost categories on a basis of a proportion of time spent by staff on those activities and by their usage. New productions The costs of funding new productions and revivals are charged in the year in which those productions are premiered. 2.5 Government grants Grants are credited to the Statement of Financial Activities (Incorporating Income and Expenditure Account) as the related expenditure is incu￿ed. 2.6 Intangible assets and amortisation Intangible assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable, and the cost or value of the asset can be measured reliably. Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is provided on intangible assets at rates calculated to vrrite off the cost of each asset on a straight-line basis over its expected useful life. Amortisation is provided on the following basis.. Computer So￿are 20 OA Straight line Page 29

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinued) 2.7 Tangible fixed assets and depreciation Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the revaluation model, archive assets included within tsngible fixed assets whose fair value can be measured are carried at a revalued amount, being their fair value at the date of revaluation less any subsequent accumulated depreciation and accumulated impairment losses. Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be detemiined using fair value at the end of the reporting date. Fair values are determined from market-based evidence by appraisal that is normally undertaken by professionally qualified valuers. These exiemal valuations are undertaking periodically and are reviewed annually by the directors. The directors, review is derived from several factors such as comparable products and market relativity, and the fair value of the assets is adjusted if necessary for any differences in nature, location or condition. Gains and losses on revaluation are recognised in the Statement of Financial Activities (Incorporating Income and Expenditure Account). Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated usefijl lives, using the straight-line method. Depreciation is provided on the foll0v￿ng bases.. Plant and machinery Office equipment 10% Straight line 10°A to 20°A Straight line 2.8 Invesljnents Investments relate to the charitable companls investment in the share capital of its subsidiary, Rambert Productions Limited, and in its two joint ventures, Rambert Creative Dance Grades Limited and Rambert Trademarks Limited. The investment value is reviewed annually for impairment. 2.9 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.10 Cash at bank and in hand Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 30

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinued) 2.11 Liabilities and provisions Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit wll be required in settlement, and the amount of the setuement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwnding of the discount is recognised in the Statement of financial activities Ilncorporating Income and Expenditure Account) as a finance cost. 2.12 Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.13 Pensions The incorporated charity contributes to a defined contribution pension scheme in respect of certain employees and to the Dan￿rs, Career Development Fund. The assets of these schemes are held separately from those of the incorporated charity- Contributions payable are charged in the period to which they relate. 2.14 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance wth specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fvnd is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 31

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacies Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Donations and grants Legacies Arts Council England funding - Core funding Arts Council England funding- Additional funding Other grants re￿iVed 51,857 302,963 354,820 487,436 112,249 2,164,253 2,164,251 2,164,251 80.000 87,248 80,000 89,748 110,000 15,049 2,500 Total 2025 219.105 2.469.714 2,688,819 2,888,987 Total 2024 351,689 2,537,298 2,888,987 Income from charitable activities Unrestricted funds 2025 Total funds 2025 Total funds 2024 UK box office 65.443 65,443 209,295 83,662 148,638 20,400 Foreign Income Education 110,610 18,143 110,610 18,143 Other charitable activitie5 Total 2025 194,196 194,196 461,995 Total 2024 461,995 461,995 Page 32

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Investment income Unrestricted funds 2025 Total funds 2025 Total funds 2024 Interest receivable 1,465 1,465 1,481 Other incoming resources Unrestricted funds 2025 Total funds 2025 Total funds 2024 Trading operations 345.141 345,141 284,369 Total 2024 284,369 284,369 Page 33

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on raising funds Fundraising and publicity Unrestricted funds 2025 Total funds 2025 Total funds 2024 Overheads - support costs Salaries - direct costs 18,393 225,466 18,393 225,466 23,631 198,019 243,859 243,859 221,650 Total 2024 221,650 221,650 Page 34

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by activities Activities undertaken directly 2025 Support costs 2025 Total funds 2025 Total funds 2024 Productions 178.660 898,854 69,257 132 48,073 226,733 898,854 69,257 132 46,198 782,918 27,931 Artists Technical support Theatre charges Royalties Subsistence, travel and transport Marketing Education Commissioning fees & irrecoverable production funding Premises 17,335 39,784 388.729 344,372 17,335 39,784 388,729 344,372 913 4,627 410,334 473,706 306.616 306,616 203,006 510,760 31,665 1,335,355 272,463 393,773 28,620 203,006 510.760 31,665 Administration Depreciation and amortisation 2.243.739 793,504 3,037,243 3,776,838 Total 2024 3,041,957 734,881 3,776,838 Included within total support costs above of £48.073 (2024= £40,125) are governance costs including audit, accountancy, legal fees and allocated staff salaries attributable to the governance and running of the Charity. Auditors. remuneration 2025 2024 Fees payable to the company's auditor for the audit of the company's annual accounts 25,500 25,500 Page 35

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. Pension Scheme & Career Development Fund The incorporated charity offers all dancers participation in the Dancers. Pension Scheme, set up by Equity. This is a defined contribution pension scheme and is contributory for both the incorporated charity and employees. Not all eligible employees have chosen to participate in the scheme. The incorporated charity contributes fvnds based on a percentage of the employees, gross salary and such funds contributed are charged to the income and expenditure account in the period in which the salaries are paid. The pension costs to the incorporated charity for the year were £26.611 (2024= £21,940). At the reporting date contributions totalling £1,182 (2024= £2,909) were payable to the scheme. All eligible, qualifying staff, and those dancers vtho were not already members of the Dancers, Pension Scheme, are enrolled onto the govemment-run NEST scheme. The related pension costs for the year were £27,267 12024.. £34,607). At the reporting date contributions totalling £7.085 (2024.. £6,645) were payable to the scheme. The incorporated charity also contributes to the Dancers, Career Development Fund. The incorporated charity contributes funds based on a percentage of the dan￿rs, gross salary and such funds contributed are charged to the income and expenditure account in the period in which the salaries are paid. The contribution to the Dancers. Career Development Fund for the year was £12,283 (2024.. £8,733). At the reporting date contributions totalling £3,25612024'. £16.8251 were payable to the scheme. 11. Staff costs 2025 2024 Wages and salaries Social security costs Contribution to defined contribution pension schemes Contributions to dancers. career development fvnd 1,968,581 185,712 53,878 12,283 2,216,512 217,771 56,547 8,733 2,220,454 2,499,563 The average number of persons employed by the company durtng the year was as follows.. 2025 No. 2024 No. Production 28 27 Support 25 23 53 50 Page 36

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Staff costs (continued) The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. 2025 No. 2024 No. In the band £60,001- £70.000 In the band £70,001- £80,000 In the band £100,001- £110,000 In the band £110.001- £120,000 Key management personnel The total employee benefits of the key management personnel of the company were £408,237 {2024'. £571,834). The key management personnel of the charity are considered to be the senior executive team of Ballet Rambert Limited. 12. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL). Page 37

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Intangible assets Computer sofvare Cost At 1 April 2024 61,800 At 31 March 2025 61,800 Amortisation At 1 April 2024 Charge for the year 20,562 12,360 At 31 March 2025 32,922 Net book value At 31 March 2025 28,878 At 31 March 2024 41,238 Page 38

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Tangible fixed assets Plant and machinery Offi equipment Other fixed assets Total Cost or valuation At 1 April 2024 Additions 112,573 27,607 38,271 1,422 250,000 400,844 29,029 At 31 March 2025 140,180 39,693 250,000 429,873 Depreciation At 1 April 2024 Charge for the year 66,966 14.018 6,369 5,287 73,335 19,305 At 31 March 2025 80.984 11,656 92,640 Net book value At 31 March 2025 59,196 28,037 250.000 337,233 At 31 March 2024 45,607 31,902 250,000 327,509 Other fixed assets comprise assets held in the company's archive and are held at fair value. During the prior year the company undertook a comprehensive review of assets held in the archive and confirmation of provenance. For archive assets where Provenan￿ was established, Sothebys, professional independent valuer specialists in modem and post war British art, undertook a valuation based on their professional assessment of what the asset should expect to sell if consigned to auction. The directors have reviewed and updated the valuation model used by the independent valuers, Sothebys, of the artwork to evaluate their own assessment of the artwork's fair value as at the reporting date. The director's consider the fair value of the artwork to not materially differ from the valuation provided initially by the extemal independent valuer due to no significant changes to note in the nature, location or condition of the artwork at the reporting date. The carying amount under the cost model of the assets which have been revalued would have been £1,000 (2024 - £1.000}. Page 39

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. Fixed asset investments Investments in subsidiary Investment in companies joint ventures Total Cost or valuation At 1 April 2024 10,250 10,251 At 31 March 2025 10,250 10,251 Net book value At 31 March 2025 10.250 10,251 At 31 March 2024 10.250 10,251 Page 40

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BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Debtors 2025 2024 Due within one year Trade debtors Amounts owed by group undertakings Amounts owed by participating interests Other debtors Prepayments and accrued income 38,402 966,134 365,203 20,099 48,286 28,375 1,014,530 332,220 49,575 265,002 1,438,124 1,689,702 17. Creditors: Amounts falling due within one year 2025 2024 Bank overdrafts Bank loans 318,814 133,960 304,562 14,776 59,578 55,100 161,846 210,538 98,114 454,488 37,175 53,053 18,399 210,360 Trade creditors Amounts owed to group undertakings other taxation and social security Other creditors Accruals and deferred income 1,048,636 1,082,127 2025 2024 Deferred income at 1 April 2024 Resources deferred during the year Amounts released from previous periods 31,314 128,377 (31,314) 88,238 (56,924) 128,377 31,314 Page 43

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Creditors: Amounts falling due after more than one year 2025 2024 Bank loans 498,014 622,561 632,636 622,561 Amounts owed to group undertakings 1,120,575 1,255,197 Included wthin the above are amounts falling due as follows= 2025 2024 Between one and two years Bank loans 121,849 622,561 165,580 622,561 Amounts owed to group undertakings Between two and five years Bank loans 202,977 150,256 Over five years Bank loans 173,188 316,800 Page 44

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Statement of funds Statement of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Income Expenditure Unrestricted funds General Funds- all fijnds (353,889) 3,010,516 (3,065,302} {408,675) Restricted funds La Horde 2025-26 100,000 2.515 100,000 National manuscript Transform grant Mental Health and Wellbeing Wolfson Lighting Project Early Moves Project (2,515} (80,000} (17,500} (28,537} (87,248} 80,000 17,500 34,357 87,248 5,820 102,515 219,105 (215,800) 105,820 Total of funds (251.3741 3.229,621 (3,281,102} {302,855} National Manuscript.. The grant enabled vital repairs, and consetvation works for six manuscripts which are part of the Marie Rambert's (the company's founder) collection, which are the oldest and some of the most popular items in our Archive. Transform Grant= This is from Arts Council England for organisation's who have had their funding cut. It's only for projects which can expect exponential growth, as a result. we have put this towards developing digital transfomiation projects such as Rambert Plus and the associated digital infrastructure to ensure its success. Mental Health & Wellbeing= This funding was restricted to develop Global Majority facilitators for mental health projects from the Barring Foundation. Wolfson Lighting Project.. Initiative from Wolfson to support the investment in the building. this was used for a replacement LED lights in the stsir-well. Early Moves Project.. in partnership wth NHS Greater Manchester Combined Authority (GMCAI to support the eady years. workforce and school readiness outcomes for some of the children and families experiencing the most severe health inequities in the cty region. in an innovative new project, Early Moves. Page 45

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Statement of funds Icontinued Statement of funds - prior year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Gainsl (Losses) Income Expenditure Unrestricted funds General Funds- all funds {237,332) 3,285,143 (3,665,779) 14,079 250,000 (353,889) Restricted funds London Community Foundation 20,000 4,859 (20.000) {3.6751 Idlewld Trust Workspace Improvements Cross Border Touring La Horde 2025- 26 (1.184) 72,755 172.755) 15,049 (15.049) 100,000 15.643 17.500 100,000 Capital works Dance for Health (1.564) (17.5001 (14,079} Future movement 26.166 (26.1661 National manuscript Transform grant Mental Health and Wellbeing Wolfson Lighting Project Early Moves Project 2.515 110.000 2,515 (110.0001 30.000 (30.000) 31,000 (31,000) 5,000 {5,000) 97,614 351,689 (332,709) (14,079) 102,515 Total of funds {139,718) 3.636.832 (3.998.488) 250,000 {251,374) Page 46

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Statement of funds Icontinued 20. Summary offvnds Summary of funds - current year Balance at 31 March 2025 Balance at 1 Apnl 2024 Income Expenditure General funds (353,889) 102.515 3,010,516 219.105 (3,065,302) (215,800} (408,675) 105,820 Restricted funds (251,374) 3,229,621 (3,281,102} {302,855) Summary of funds - prior year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Gainsl (Losses) Income Expenditure General funds Restricted fvnds {237,332) 3.285.143 {3.665.7791 97,614 351,689 (332,709) 14.079 (14,079} 250,000 {353,889} 102,515 (139,718) 3.636,832 {3,998.4881 250,000 {251,374} 21. Analysis of net assets between funds Analysis of net assets between fvnds - current year Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Intangible fixed assets Fixed asset investments 337,233 337,233 28,878 28,878 10,251 10,251 1,384,174 1,489,994 (1,048,636} (1,048,636} (1,120,575} (1,120,575} Current assets 105,820 Creditors due within one year Creditors due in more than one year Total 105,820 (408,675} {302,855) Page 47

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. Analysis of net assets between funds (continued) Analysis of net assets between fvnds - prior year Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year Creditors due in more than one year 327,509 327,509 41,238 41,238 10,251 10,251 1,604,437 1,706,952 (1,082,127} (1,082,127) (1,255,197} (1,255,197) 102,515 Total 102,515 {353,889} {251,374} 22. Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 Net expenditure for the year (as per Statement of Financial Activities) (51,481) (361,656) Adjustments for: Depreciation charges Amortisation charges Dividends, interests and rents from investments Decrease in debtors Decrease in creditors 19,305 12,360 (1.465} 251,578 (177,613} 16,260 12,360 (1,481) 466,563 {156,829) Net cash provided byl(used in) operating activities 52,684 (24,783) Page 48

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 23. Analysis of cash and cash equivalents 2025 2024 Cash in hand 51,870 17,250 (318,814} {210,538} Overdraft facility repayable on demand Total cash and cash equivalents (266,944} {193,288} 24. Analysis of changes in net debt At 1 April 2024 Cash flows At 31 March 2025 Cash at bank and in hand 17,250 34,620 51,870 (210,5381 (108,276} {318,814} (98,1141 (35,846) {133,960} (632,636) 134,622 (498,014) Bank overdrafts repayable on demand Debt due wthin 1 year Debt due after l year (924,038) 25,120 (898,918) 25. Related party transactions During the year the company received funding totalling £22,399 {2024.' £15.377} to Rambert Trust Limited, the company's immediate parent undertaking. At the reporting date creditors include £637,337 (2024.. £656,736) due to Rambert Trust Limited. During the year production costs and staff salaries totalling £2,519,973 (2024.. £2,266,462) were recharged to Rambert Productions Limited. a subsidiary company. Also during the year commissioning fees totalling £306,616 (2024= £1,335,355) were paid to Rambert Productions Limited. Production funding totalling £2,164,961 (2024: £1,698,222) was repaid by Rambert Productions Limited. At the reporting date debtors include £966,134 (2024: 1,014,530) due from Rambert Productions Limited. During the year the company provided funding totalling £32,983 {2024'. £120,000) to Rambert Creative Contemporary Dance Grades Ltd. a company wth common directors and in which the company has a 500k investment. At the reporting date debtors include £365.203 (2024= £332.220) due from Rambert Creative Contemporary Dance Grades Ltd. During the year donations of £9,670 (2024: £11,355) were received from Trustees. Page 49

BALLET RAMBERT LIMITED (A Company Limited by Guarantee and trading as Rambert Dance Company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 26. Company status The incorporated charity is limited by guarantee. The members guarantee the debts and liabilities of the incorporated charity to a maximum of £1 each. 27. Controlling party Ballet Rambert Limited considers Rambert Trust Limited as its ultimate parent incorporated charity. Rambert Trust Limited is a company limited by guarantee and incorporated in England and Wales, the consolidated financial ststements of which are available from its registered office, 99 Upper Ground, London SE1 9PP. 28. Floating charye Arts Council England retains an ongoing floating charge over the assets of the charity. Page 50