Registered number: 02319572 Charity number: 701624
**THE YORKSHIRE DANCE CENTRE TRUST**
**(A Company Limited by Guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## CONTENTS
||Page|
|---|---|
|**Reference and administrative details of the company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 10|
|**Trustees' responsibilities statement**|11|
|**Independent auditors' report on the financial statements**|12 - 15|
|**Statement of financial activities**|16|
|**Balance sheet**|17 - 18|
|**Statement of cash flows**|19|
|**Notes to the financial statements**|20 - 41|
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS _FOR THE YEAR ENDED 31 MARCH 2021_
|**Trustees**|Ms S Parks,Chair|
|---|---|
||Ms S Axon|
||Ms B Cassani|
||Mr S Clarke|
||Ms T Domene|
||Mr R Dube|
||Mr D Harradine|
||Mr P Higgins|
||Ms M Hudson|
||Dr M Maynard(appointed 27 May2021)|
||Dr D Wilmore|
|**Company registered**
**number**
02319572
**Charity registered number**
701624
**Registered office**
3 St. Peters Buildings
St. Peters Square
Leeds
LS9 8AH
**Company secretary**
Ms A Daniels (resigned 22/10/2020)
Ms K Wareham (appointed 22/10/2020, resigned 13/05/2021)
Mr B Sharma (appointed 13/05/2021)
**Chief executive officer**
Ms W Eringa
**Independent auditors**
BHP LLP
1st Floor
Mayesbrook House
Lawnswood Business Park
Leeds
LS16 6QY||
Page 1
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
TRUSTEES’ REPORT
_FOR THE YEAR ENDED 31 MARCH 2021_
The Trustees present their annual report together with the audited financial statements of the charitable company for the period from 1 April 2020 to 31 March 2021. The Annual report serves the purposes of both 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 the current statutory requirements, the requirements of the charitable company’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective October 2019).
Since the company qualifies as small under section 382, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013 has been omitted.
## **Our Purpose and Activities**
Yorkshire Dance (‘YD’) champions the value of dance and its development in Yorkshire. YD’s charitable objects are:
- to promote the education of the public in Yorkshire in the appreciation and understanding of the art of dance.
We do so by supporting talent development, facilitate programmes of community dance for underrepresented groups which address critical issues in health, community cohesion and social isolation and provide sector leadership.
In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission’s guidance on public benefit.
## **Achievements and Performance**
One of YD’s Strategic Objectives is ‘to diversify and maximise income above core public funding streams to become more resilient and sustainable, enabling reinvestment in artist development, youth and community participation initiatives, commissioning relationships and partnership development.’ To this end we set two key financial performance indicators:
- Maintain annual gross income at between £900k and £1m;
- Generate annual operating surpluses of between 2% - 4% of annual gross income to reinvest in development, physical resources and ensure resilient reserves.
These have both been achieved during the year, which produced an annual turnover of £ 1,012,253, and an operating surplus of £277,522.
Page 2
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
TRUSTEES’ REPORT
_FOR THE YEAR ENDED 31 MARCH 2021_
## **Review of Activities**
The organisation met the unprecedented challenges posed by the global pandemic with flexibility, imagination and utter determination to serve our audiences as best we could. We radically changed our entire operations, postponing or amending programmes and renegotiating with funders, artists and participants. Critical for us was to ensure we supported independent artists through this most difficult time and not abandon our participants and peers, still making an engaging, relevant dance and sector support offer. This offer continued to be framed around themes of aging, gender, black lives matter, the climate crisis and the industry crisis.
Our building was shut for the first quarter, opened up in September 2020 and closed again to the public from November 2020 till March 2021. Artists were able to work in our spaces throughout this latter lock down period, ensuring ironically more access to studio space for artists where we were unable to hire this out.
We undertook a rapid shift towards digital delivery, producing new podcasts (filmed as well as live), interactive zoomparticipatory sessions, and a new practice around curating digital events which culminated in our first ever digital festival _RE: Fresh_ (see below).
Aspirations to bring people of all walks of life together around critical themes through _Encounters_ festivals were thwarted by the lock down. A blended digital/live _Climate Encounters_ festival was postponed twice then planned for early July 2021. The _Climate Encounters_ program will bring together a group of 7 co-curating artist and academics who developed an exciting programme focussed around the urgency that is climate change.
We invested significantly in training and learning around anti-racism throughout the year on various platforms and networks and are planning specific companywide training in the forthcoming year.
## _**(1) Supporting artists and artistic practice**_
It is one of our core strategic aims to support artists to develop their practice, realise their project work, develop their leadership and curatorial skills and make new work.
With an immediate commitment to support independent artists whose lives were in ‘freefall’ we made 20 paid (£100) online mentoring sessions available which engaged many new artists. We also released 3 x £2k Dance Transports commissions through an open call. Artists Ella Mesma, Tora Head and Kirsty Arnold and Gracefool Collective each delivered a series of online discussion-style professional development opportunities engaging in total 106 artists. Sessions focussed on _Womxn in Hip-Hop; Re-imagining Liveness_ and the role of care and connection in participatory practice during and post-Covid. Writing Dance, an online professional development workshop for choreographers and poets facilitated by Ella Mesma Kayo Chingonyi was so successful it will lead to a further week in July 2021.
_“I loved my time on the Accelerate program and I feel inspired by the artists around me and better equipped to enter the dance world. I felt that even though we had to change plans due to Covid we were supported and given advice and the online sessions were incredibly valuable.”_ Accelerate artist
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## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## TRUSTEES’ REPORT
_FOR THE YEAR ENDED 31 MARCH 2021_
This year we delivered 3 artists development projects: ‘Dance for Arts Sake’ (Jerwood), Dance Partners and Accelerate the latter in partnership with NSCD. Through those 3 programmes and additional work, a total of 28 artists received significant support and fees. They were able to develop their creative practice and projects as well as their sustainability and career progress.
_“Accelerate has connected me to amazing peer artistic collaborators here in the North, with that I know I can always network and engage in line of dialogue. Through the process to have a mentor and advisor come in has also blossomed into great relationships, through this I have access to advice and guidance from artists that are more mature in the field with a wealth of experience.”_ Accelerate artist
In numbers: 58 independent artists and technicians gained 429 days of employment. This year 119 artists benefited from 891 hours of subsidised studio space. That included 24 artists’ residencies, which hosted in total 64 unique artists that benefitted from 788 hours of space. In total 182 artists attended 17 professional development workshops. 10 artists were on one of 3 development programmes and in addition 48 individual artists received 135 hours of 1-2-1 support.
Of the artists who received significant support (through studio-residencies, etc.), many were successful in achieving project grants and developing new work such as Katy Hewison’s _Impro Play_ ; Gracefool Collective’s _Apocalypse Wow_ ; Vanessa Grasse’s _The Land We Are_ , Lizzie Klotz’s _A Really Small Dance_ , George Fellows’s _It’s Ok_ and _Wild_ to name but a few. Accelerate artist Alethia Antonia was selected as a prestigious WorkPlace artists at The Place, London and Katy Hewison is building international connections for her work in Germany and Canada.
_“I've valued the producing and advisory support from Tanya, Kirsty and Wieke so much. They have been there at all times to answer questions and have impromptu phone call meetings with! I have learnt a lot from all of them about various aspects of getting different types of projects on their feet.”_
Accelerate artist
## _**(2) Participatory practice**_
We worked across a number of strategic programmes to dance with people who normally do not get the chance to take part and to develop the knowledge of excellent participatory practice. We provided a total of 576 participatory sessions resulting in 9113 attendances.
We continued to build reputation and expertise around dance and Health and Wellbeing supported by an ongoing research relationship with the University of Leeds. In October we were delighted to win the OneDanceUK Advocacy Award for outstanding work with older adults.
_“Mike and Helen, your reflections about gender and the power of the arts is something I want to take to the participants as an amazing example of where you can find community and belonging” Beyond Measure Conference feedback on YD participants Mike and Helen_
We produced our first ever _Dancing and Dementia_ podcast series of 4 episodes with a focus on the impact of dance on dementia in care homes. With over 431 downloads to date and one last, fifth episode still to be published, this has had a hugely positive response.
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## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
TRUSTEES’ REPORT
_FOR THE YEAR ENDED 31 MARCH 2021_
## _**(2) Participatory practice - continued**_
Dance On, a grassroots ‘physical activity’ programme supported by Sport England really came into its own during this pandemic, finding countless imaginative and innovative ways to connect with participants (post-cards, DVD’s phone contact, bespoke digital support). We celebrated the international day of older people and international women’s day with an exciting and hugely popular, age-assumption-busting series of 9 online Master Classes, including amongst others African dance, vogue, burlesque, flamenco and contemporary dance. Dance On artist Izzy Britain was a finalist for the _Leeds Sport Award_ for her inspirational community engagement work throughout the pandemic.
Challenges in relation to Early Years and care home setting work meant 2 programmes _Little Big Dance_ (with national partners) _and In Mature Company_ were postponed. Sadly, the prestigious national tour of _Helm_ by The Talent Hub, performed by 8 dancers with a learning disability or autism, was cancelled and alternative activity is being developed by the company.
## **Young People and people with a learning disability**
We successfully retained contact with our _Saturday Superstars_ children and families by delivering classes on zoom and in the building on and off throughout the year. For the learning disabled adults taking part in _Leaps and Bounds_ , the zoom classes meant that new participants, not normally able to travel to us, were able to join in. The online sessions were accompanied by beautifully crafted visual arts materials to inspire participants, hand-delivered to day-care centres. _The Youth Dance Company_ based in Kentmere was just gathering momentum at the start of lockdown. The team worked hard to stay in touch with and support the young people and are now successfully rebuilding the company. The culmination of our digital output in March 2021 was Youth Dance festival _Re: Fresh_ , which included performances by 479 young people; 2178 young people taking part in 77 workshops, involvement by 50 artists and 3362 people engaging in total. We were inspired by the collaborative working with the other partners and want to build on this for the regional conference in October 2021 and next year’s Youth Festival.
_“This week I felt that buzz for the first time in over a year-seeing students inspired by the workshops and wealth of opportunities […] so THANKYOU for every minute of it!”_
_School teacher, RE: Fresh_
_“The children have never experienced any form of dance workshop before so it was brilliant! The instructors were full of enthusiasm and it looked very professional. ‘_
_School teacher, Re: Fresh_
## **Digital engagement**
Though web-site attendances for classes and courses fell (naturally, as a result of lock down) our hugely increased digital engagement resulted in substantial digital content (predominantly video classes and performances) being shared across all social media platforms. Therefore, our digital metrics, audience engagement and followers went up significantly this year, with an increase in social media engagement across all platforms in particularly from young people as a result of _RE: Fresh_ . (Instagram impressions increased by 192% Facebook engagement increased by 144% Twitter impressions grew by 139%)
To July 2021, the 36 video classes for family audiences have been watched over 1,700 times on our website (via YouTube) and over 146,000 time on Facebook. The majority of these views are from the Leeds and wider Yorkshire region with a small percentage coming from further afield. These video classes were very well reviewed by our family audiences. Additionally, our _Dance On_ videos have been watched over 800 times on our website (via Youtube) and over 32,000 times on Facebook.
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## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## TRUSTEES’ REPORT
_FOR THE YEAR ENDED 31 MARCH 2021_
## _**(3) Regional development**_
One of our strategic objectives is to bring people together to strengthen the dance community and increase opportunities for people to experience high-quality dance. Yorkshire Dance delivers a framework for opportunities for shared working, strategy and project development, skills sharing and partnership building.
The online Regional Dance Development Network (RDDN) meetings were of great support to artists and peers, supporting them to navigate the rollercoaster year. New creative energy was unleashed in the collaboration around Re: Fresh which strengthened the regional partnership working. We diverted some resources of the regional hub/networks to support independent artists directly as they were most badly affected by the pandemic.
We continued to support the South Yorkshire Dance Hub in their planning to develop the ambitious South Yorkshire Youth Dance Company, including recruiting a talented Project Manager to bring this vision to life. The Rural Steps youth dance project in North Yorkshire reached its conclusion through an excellent set of resources focussing on establishing youth dance projects in rural communities. We supported Yorkshire Schools Dance Festival to deliver online networking and support sessions for dance teachers working in primary and secondary education.
The _Dance Transports_ programme focussing on artist exchange, which normally takes place throughout the region, was delivered entirely online.
## **Investment Policy and reserve policy**
Yorkshire Dance is a registered charity which raises funds to spend on activities and capital investments that further its charitable aims. As stated in its Memorandum and Articles of Association (3h), it has the power to invest the monies of the charity not immediately required for the furtherance of its aims.
The Trustees recognise the status of the company as a not-for-profit organisation and take care to avoid carrying unnecessarily high levels of reserves. However, the Trustees are of the view that Yorkshire Dance should retain a sufficient level of reserves to sustain overheads and basic operations (staffing, administration) for a period of six months.
The charity seeks to produce the best financial return within an acceptable level of risk. As assets are expected to be spent over the short to medium term, capital preservation and liquidity are priorities.
Total funds held at 31 March 2021 were £1,774,657 of which £1,157,762 was within restricted funds. The unrestricted funds stood at £616,895 (of which £212,000 has been designated to specific projects). The unrestricted free reserves were £390,414 which equates to approximately 6.5 months' total running costs for the charity.
Within this unrestricted general fund, Trustees made no additional allocation to the designated Building Fund due to contingency planning for COVID-19 crisis. Therefore, the building fund remains at £193,500, to cover unplanned emergency repairs and in anticipation of significant increased investment requirements in order to support the future capital aspirations of the charity.
The development fund has been maintained at £12,500, keeping contingency for COVID-19 and lack of opportunities due to the pandemic in mind. The development fund is to support planned future research and development in the artistic programme and partnerships during 2021/22 and in the future. The charity also has a designated fund for the Juncture Festival. The fund continues to stand at £6,000 at the year end.
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## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
TRUSTEES’ REPORT _FOR THE YEAR ENDED 31 MARCH 2021_
## **Investment Policy and reserve policy - continued**
The Trustees, having regard to the liquidity requirements of operating the charity, have kept available funds in a range of interest-bearing deposit accounts and seek to achieve a rate on deposit which matches or exceeds inflation as measured by the retail prices index. Due to wider economic circumstances deposit rates have been depressed and so this aim was not achieved in the year.
The Trustees believe it is prudent to ensure that there are sufficient free reserves to provide for financial flexibility in the face of the impact of Covid-19, reducing public funding, economic uncertainty and potential challenges and seek to maintain reserves at the current level.
## **Going concern**
The COVID-19 pandemic tested the dynamism, agility and resilience of Yorkshire Dance and its team throughout the year, with its full implications on a long term basis to be predicted at this moment. After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
## **Financial review**
Details of the financial performance of the Charity for the year ended 31 March 2021 are contained in the attached financial statements.
Despite the COVID-19 pandemic, Trustees remain confident in the resilience of YD due to a strong reserves position, which will enable YD to continue operating in 2021/22, despite facing an approved deficit. YD has taken mitigating actions including renegotiating project delivery plans with funding partners and accessing support from the Government Job Retention Scheme and small business rate relief.
Yorkshire Dance continues to be supported by its principal funders, Leeds City Council and Arts Council England, at standstill funding levels for the next year. Furthermore, YD continues to diversify and grow its income streams through partnerships with the public and commercial sectors. In addition, YD remains committed to its full-time fundraising role to drive forward the long-term fundraising strategy for the Charity. Trustees are updated quarterly in order to assess any risks that may arise due to potential loss of funding income.
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## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## TRUSTEES’ REPORT
_FOR THE YEAR ENDED 31 MARCH 2021_
## **Structure, governance and management**
Yorkshire Dance Centre Trust operates as Yorkshire Dance. It is a charitable company limited by guarantee and is governed by the company's Memorandum and Articles of Association dated 21 November 1988. It is a registered charity number 701624.
Yorkshire Dance is governed by a Board of Trustees which meets regularly as a full Board and in sub-committees. The constitution of the Charity is contained in the Memorandum and Articles of Association.
Regular Board skills audits are undertaken; when a skills shortage is identified or a place on the Board becomes vacant the Charity uses a variety of recruitment methods. These include external and internal advertising and personal recommendations from existing Board members and senior management staff.
Trustee candidates first meet informally with the CEO/Artistic Director and the Executive Director before meeting formally with the Chair of the Board. If both parties wish to proceed, the candidate is recommended to the Board for membership. The candidate may also observe a Board meeting before s/he is appointed to the Board. All new Board members are provided with an induction pack.
A Risk Register outlining major risks is reviewed and updated by the Executive Director quarterly. This is presented to the Trustees at sub-committee and full board level to ensure that procedures are established to manage those identified risks.
The staff team is managed by the CEO/Artistic Director with recruitment for the vacant position of Administrator suspended until after Covid-19 lockdown.
The Trustees gratefully acknowledge the contribution made to Yorkshire Dance's work during the year by its volunteers.
The Trustees and Executive have carried out a detailed assessment of the risks which the charity could be exposed to. The likelihood and severity of both internal and external risks were assessed, and a comprehensive risk analysis compiled. This document also details the systems which have been put in place to mitigate these risks and is reviewed at quarterly intervals as part of the rolling agenda of the Board of Trustees.
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## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
TRUSTEES’ REPORT
_FOR THE YEAR ENDED 31 MARCH 2021_
## **Plans for future periods**
The next financial period sees us consolidating our programmes post the Covid-19 pandemic. We will be building on the new knowledge acquired from delivering more work digitally as well as building on expertise in co-creation and codesign. Through dance activism we will focus on the visibility of older people, continued exploration of gender, talent development of disabled dancers and early year’s dance.
Confirmed future opportunities include _Company of People_ which is part of _Performing Gender: Dancing in your Shoes_ (supported through Creative Europe and Paul Hamlyn Foundation _); Little Big Dance_ (though partnership with South East Dance; _Dance for Arts Sake_ (Jerwood Arts); _Dance On_ (Sport England) and _In Mature Company_ (Time to Shine) and _Youth Dance Company_ (BBC Children in Need). We are further developing fundraising around a new _Ageless_ Festival, work with learning disabled artists and in the context of Leeds Dance Partnership.
We’re committed to bespoke and in-depth, company-wide anti-racism training (May 2021, Ishreen Bradley); committed to take action and to an ongoing journey of learning and change. We are continuing to pursue our ambitions to significantly refurbish our building and facilities in order to create increased and improved dance studio capacity in order to meet the growing demand from our own programme of activities and from local dance artists to develop and rehearse new work. This work will be essential in achieving our Roadmap towards Carbon Neutrality in 2030.
## **Information on fundraising practices**
The charity doesn’t actively fundraise. The charity does not use any professional fundraiser or commercial participator to carry out activities on the charity’s behalf.
The charity is not a participant of a voluntary scheme for regulating fundraising or any voluntary standard of fundraising for the activities carried out on behalf of the charity. Should the charity at some point in the future undertake a specific fundraising campaign or start to generate more income through fundraising, the trustees will look to sign up to a voluntary fundraising code.
## **Disclosure of information to auditors**
In so far as the Trustees are aware:
there is no relevant audit information which the charitable company’s auditor is unaware, and that Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
## **Auditor**
The auditor, BHP LLP, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.
## **Small Company**
This report has been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies.
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## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## TRUSTEES’ REPORT
_FOR THE YEAR ENDED 31 MARCH 2021_
Approved by order of the members of the board of Trustees and signed on their behalf by:
## Shirley Parks
Shirley Parks (Oct 14, 2021 18:31 GMT+1)
…………………………………………..
**Ms S Parks** Chair of Trustees Date: 30 September 2021
Page 10
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## STATEMENT OF TRUSTEES' RESPONSIBILITIES
_FOR THE YEAR ENDED 31 MARCH 2021_
The Trustees (who are also the directors of the company for the purposes of company law) 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 . 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 expenditure, 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 (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless 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 time 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.
Approved by order of the members of the board of Trustees and signed on its behalf by:
## Shirley Parks
Shirley Parks (Oct 14, 2021 18:31 GMT+1)
................................................
**Ms S Parks** (Chair of Trustees) Date: 30 September 2021
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## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE YORKSHIRE DANCE CENTRE TRUST
## **Opinion**
We have audited the financial statements of The Yorkshire Dance Centre Trust (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, 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 2021 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
- have been properly prepared in accordance with 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 with International 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 statements 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 fulfilled our other ethical responsibilities in accordance with 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 Trustees' use of the going concern 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 twelve 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.
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**THE YORKSHIRE DANCE CENTRE TRUST**
**(A Company Limited by Guarantee)**
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE YORKSHIRE DANCE CENTRE TRUST (CONTINUED)
## **Other information**
The other information comprises the information 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, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we 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 performed, we conclude that there is a material misstatement of this other information, 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 information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- 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 knowledge and understanding of the charitable 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 following 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 returns 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 information and explanations we require for our audit; or
- the Trustees were not entitled to prepare the financial statements 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.
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**(A Company Limited by Guarantee)**
## **THE YORKSHIRE DANCE CENTRE TRUST**
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE YORKSHIRE DANCE CENTRE TRUST (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 determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **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 with ISAs (UK) will always detect a material misstatement when it 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 with 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:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- we identified the laws and regulations applicable to the charitable company through discussions with management, and from our commercial knowledge and experience of the sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the accounts or the operations of the charity, including the Charities Act 2011;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting correspondence; and
- identified laws and regulations were communicated within the audit team and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the charity’s accounts to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
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## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE YORKSHIRE DANCE CENTRE TRUST (CONTINUED)
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates set out in the accounting policies were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading minutes of meetings of those charged with governance; and
- enquiring of management as to actual and potential litigation and claims.
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.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with 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 trustees those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.
Mike Jackson (Oct 18, 2021 11:56 GMT+1)
**Michael Jackson (senior statutory auditor)** for and on behalf of
## **BHP LLP**
Statutory Auditors 1st Floor Mayesbrook House Lawnswood Business Park Leeds LS16 6QY
> Date: Oct 18, 2021
Page 15
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) _FOR THE YEAR ENDED 31 MARCH 2021_
|**Note**
**Income from:**
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Other income
**Total income**
**Expenditure on:**
Raising funds
8
Charitable activities
Other expenditure
9
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
**353,125**
**17,442**
**51**
**131,962**
**50,908**
**553,488**
**37,249**
**384,649**
**70,355**
**492,253**
**61,235**
**555,660**
**61,235**
**616,895**|**Restricted**
**funds**
**2021**
**£**
**458,545**
**220**
**-**
**-**
**-**
**458,765**
**-**
**242,478**
**-**
**242,478**
**216,287**
**941,475**
**216,287**
**1,157,762**|**Total**
**funds**
**2021**
**£**
**811,670**
**17,662**
**51**
**131,962**
**50,908**
**1,012,253**
**37,249**
**627,127**
**70,355**
**734,731**
**277,522**
**1,497,135**
**277,522**
**1,774,657**|Total
funds
2020
£
768,781
42,539
7,005
202,443
4,406
1,025,174|
|---|---|---|---|---|
|||||47,283
848,171
84,594
980,048|
|||||45,126|
|||||1,452,009
45,126
1,497,135|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 20 to 41 form part of these financial statements.
Page 16
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
REGISTERED NUMBER: 02319572
## BALANCE SHEET
_AS AT 31 MARCH 2021_
|**Note**
**Fixed assets**
Tangible assets
16
Investment property
17
**Current assets**
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within one year
19
**Net current assets**
**Total assets less current liabilities**
Provisions for liabilities
**Total net assets**
**Charity funds**
Restricted funds
21
Unrestricted funds
21
**Total funds**|**232,251**
**905,618**
**1,137,869**
**(87,349)**|**2021**
**£**
**658,435**
**250,000**
**908,435**
**1,050,520**
**1,958,955**
**(184,298)**
**1,774,657**
**1,157,762**
**616,895**
**1,774,657**|64,865
799,183
864,048
(91,293)|2020
£
658,678
250,000
908,678
772,755
1,681,433
(184,298)
1,497,135
941,475
555,660
1,497,135|
|---|---|---|---|---|
Page 17
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## BALANCE SHEET (CONTINUED)
_AS AT 31 MARCH 2021_
The Trustees acknowledge 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 accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## Shirley Parks
Shirley Parks (Oct 14, 2021 18:31 GMT+1)
................................................
## **Ms S Parks**
Chair of Trustees
Date: 30 September 2021
The notes on pages 20 to 41 form part of these financial statements.
Page 18
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## STATEMENT OF CASH FLOWS
_FOR THE YEAR ENDED 31 MARCH 2021_
|**Note**
**Cash flows from operating activities**
Net cash used in operating activities
24
**Cash flows from investing activities**
Room hire and rental income from investments
Interest received
Purchase of tangible fixed assets
**Net cash provided by investing activities**
**Cash flows from financing activities**
**Net cash provided by financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
25|**2021**
**£**
**(20,708)**
**129,661**
**2,301**
**(4,819)**
**127,143**
**-**
**106,435**
**799,183**
**905,618**|2020
£
(176,448)
202,179
5,582
(10,917)
**196,844**
**-**
**20,396**
778,787
799,183|
|---|---|---|
The notes on pages 20 to 41 form part of these financial statements
Page 19
**(A Company Limited by Guarantee)**
## **THE YORKSHIRE DANCE CENTRE TRUST**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **1. General information**
The company is a company limited by guarantee. The members of the company are the Trustees names on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
The Yorkshire Dance Centre Trust is registered in England and Wales. The registered office is 3 St. Peters Buildings, St. Peters Square, Leeds, LS9 8AH.
## **2. Accounting policies**
## _**2.1 Basis of preparation of financial statements**_
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Yorkshire Dance Centre Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## _**2.2 Going concern**_
The accounts have been prepared on the basis that the charity can continue to operate as a going concern. The trustees have considered the impact of COVID-19 on the charity’s activities, beneficiaries, workforce and supply chain, as well as the wider economy.
The charity has no overdraft facility or other external loans, the Charity's forecasts and projections show that the Charity is able to operate without the need for external financing for at least 12 months from the date of approval of these financial statements. After making enquiries the Trustees have a confident expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis of preparation for the accounts.
Page 20
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **2. Accounting policies (continued)**
## _**2.3 Income**_
All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.
• Investment income is included when receivable
- Income from charitable trading activity is accounted for when earned.
- Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Voluntary income comprises of grant income that provides core funding or is of a general nature. Such income is recognised in the accounts when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Other trading activities include commercial trading activities, such as the sale of refreshments at events and festivals. Such income is recognised as the related goods and services are provided.
Income from charitable activities includes the receipts from classes and workshops organised by the charity together with income from festivals, events and projects. Such income is recognised when the services are provided. In addition it also includes grant income which does not form part of the core funding of the charity in accordance with SORP 2015. Such income is recognised in the accounts on the same basis as grant income categorised as voluntary income.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
## _**2.4 Expenditure**_
Expenditure is accounted for on an accruals basis and allocated to the appropriate heading in the accounts.
Cost of generating funds are the costs which relate to the commercial trading activities of the charity.
Investment management costs represent the costs incurred to generate the rental income.
Charitable expenditure enable the charity to meet its charitable aims and objectives.
Each heading of expenditure includes direct and support costs attributable to each activity. Support costs are those costs which enable fund generating and charitable activities to be undertaken. They have been allocated to each activity costs category on a basis consistent with the use of resources, for example allocating property costs by floor area, staff costs by time spent and other costs by their usage.
Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.
Page 21
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **2. Accounting policies (continued)**
## _**2.4 Expenditure (continued)**_
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities
Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
## _**2.5 Tangible fixed assets and depreciation**_
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
- Freehold property 50 years - Plant and machinery 3 to 10 years
## _**2.6 Investment properties**_
Investment properties are measured at fair value. Changes in fair value are recognised in the net gains/(losses) on investment in the Statement of Financial Activities.
## _**2.7 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.
## _**2.8 Cash at bank and in hand**_
Cash at bank and in hand includes cash and short-term 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 22
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **2. Accounting policies (continued)**
## _**2.9 Liabilities**_
Liabilities and provisions 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 will be required in settlement, and the amount of the settlement 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 unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
## _**2.10 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.
## _**2.11 Operating leases**_
The charity classifies the lease of call manager, photocopier and telephone equipment as operating leases; the title of the equipment remains with the lessor and the equipment is replaced every 3 to 5 years whilst the economic life of such equipment is normally longer. Rental charges are charged on a straight line basis over the term of the lease.
## _**2.12 Pensions**_
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
Page 23
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **2. Accounting policies (continued)**
## _**2.13 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.
Unrestricted funds compromise accumulated surpluses and deficits on general funds. Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market value of £175,800 (2020 - £175,800).
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with 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 fund is set out in the notes to the financial statements.
## _**3. Critical accounting estimates and areas of judgment**_
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
Critical areas of judgment:
## **Valuation of investment property:**
Valuation of investment property may have a material impact on the accounts. Professional valuations are sought to ensure that the properties are included at fair value.
## **Accrued and deferred income:**
Accrued and deferred income are classed as a significant estimate. Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that income will be received and the amount can be measured reliably.
## **Allocation of support costs:**
It is a requirement to allocate support costs on an activity basis. The allocation of support costs is a key estimate due to the allocation of support costs to restricted funds. The allocation is regularly reviewed to ensure allocation is in line with the funding agreements.
Page 24
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **4. Income from donations and legacies**
|Leeds City Council
Arts Council England
Other Sources
Government grants
**_Total donations and legacies_**
Total 2020|**Unrestricted**
**funds**
**2021**
**£**
-
331,789
285
21,051
353,125
336,704|**Restricted**
**funds**
**2021**
**£**
51,000
4,398
403,147
-
458,545
432,077|**Total**
**funds**
**2021**
**£**
**51,000**
**336,187**
**403,432**
**21,051**
**811,670**
768,781|Total
funds
2020
£
108,571
393,661
266,549
-
768,781|
|---|---|---|---|---|
||||||
## **5. Income from charitable activities**
|Fee income from weekly classes
Box office income
Artist services and project management
Other income from charitable activities
**_Total 2021_**
Total 2020|**Unrestricted**
**funds**
**2021**
**£**
2,572
13,389
1,641
(160)
17,442
42,539|**Restricted**
**funds**
**2021**
**£**
-
-
220
-
220
-|**Total**
**funds**
**2021**
**£**
**2,572**
**13,389**
**1,861**
**(160)**
**17,662**
42,539|Total
funds
2020
£
12,145
20,700
7,910
1,784
42,539|
|---|---|---|---|---|
||||||
Page 25
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **6. Income from other trading activities**
## **Income from fundraising events**
|Refreshments and merchandise
Total 2020
**7.**
**Investment income**
Studio & meeting room hire
Rental income
Interest receivable
**_Total 2021_**
Total 2020|**Unrestricted**
**funds**
**2021**
**£**
51
7,005
**Unrestricted**
**funds**
**2021**
**£**
77,509
52,152
2,301
131,962
202,443|**Total**
**funds**
**2021**
**£**
**51**
7,005
**Total**
**funds**
**2021**
**£**
**77,509**
**52,152**
**2,301**
**131,962**
202,443|Total
funds
2020
£
7,005|
|---|---|---|---|
||||Total
funds
2020
£
114,229
82,632
5,582
202,443|
|||||
Page 26
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **8. Expenditure on raising funds**
## _**Costs of raising funds**_
|Costs of goods sold
Voluntary income staff costs - wages and salaries
Voluntary income staff costs - NI
Voluntary income staff costs - pension costs
**_Total 2021_**
Total 2020|**Unrestricted**
**funds**
**2021**
**£**
17
33,544
2,587
1,101
37,249
47,283|**Total**
**funds**
**2021**
**£**
**17**
**33,544**
**2,587**
**1,101**
**37,249**
47,283|Total
funds
2020
£
4,786
38,296
2,969
1,232
47,283|
|---|---|---|---|
|||||
Page 27
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **9. Other expenditure**
|Bank and other charges
Irrecoverable VAT
Bad debts
Other resources expended - wages and salaries
Other resources expended - NI
Other resources expended - pension costs
**_Total 2021_**
Total 2020|**Unrestricted**
**funds**
**2021**
**£**
1,476
6,425
-
56,267
4,340
1,847
70,355
84,594|**Total**
**funds**
**2021**
**£**
**1,476**
**6,425**
**-**
**56,267**
**4,340**
**1,847**
**70,355**
84,594|Total
funds
2020
£
2,570
6,626
3,746
64,569
5,006
2,077
84,594|
|---|---|---|---|
|||||
## **10. Charitable activities**
|Supporting artists and advocacy
Participatory programme and
advocacy
Regional development and other
activity
Other expenditure
Cost of raising funds
Total 2020|**Direct costs**
**2021**
**Support costs**
**2021**
**£**
**£**
138,296
67,514
183,782
74,992
56,969
23,476
-
47,604
-
20,216
379,047
233,802
543,723
280,554|**Governance**
**costs**
**2021**
**£**
-
-
-
14,278
-
14,278
23,894|**Total**
**funds**
**2021**
**£**
**205,810**
**258,774**
**80,445**
**61,882**
**20,216**
**627,127**
848,171|Total
funds
2020
£
291,328
343,675
106,039
81,298
25,831
848,171|
|---|---|---|---|---|
||||||
£242,478 (2020: £434,759) of the above funds were attributable to restricted funds. £384,649 (2020: £413,412) of the above funds were attributable to unrestricted funds.
Page 28
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **11. Direct costs**
||**Supporting**
**artists and**
**advocacy**|**Participatory**
**programme**
**and advocacy**|**Regional**
**development**
**and other**
**activity**|**Total 2021**|Total 2020|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|£|
|Artistic development and
professionalprogramme|39,810|-|-|39,810|103,938|
|Participationprogramme|-|52,373|-|52,373|119,160|
|Regional dance development|-|-|14,784|14,784|38,197|
|Weeklyclasses|-|8,843|-|8,843|22,046|
|Wages and salaries|88,729|111,991|34,616|235,336|237,347|
|National insurance|6,844|7,733|6,504|21,081|15,402|
|Pension cost|2,913|2,842|1,065|6,820|7,633|
|||||||
|**_Total 2021_**|**138,296**|**183,782**|**56,969**|**379,047**|543,723|
|||||||
|Total 2020|214,559|251,827|77,337|543,723||
£242,478 (2020: £433,759) of the above funds were attributable to restricted funds. £136,569 (2020: £109,964) of the above funds were attributable to unrestricted funds.
Page 29
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **12. Support costs**
|||**Supporting**
**artists and**
**advocacy**|**Participatory**
**programme**
**and advocacy**|**Regional**
**development**|
|---|---|---|---|---|
|||**£**|**£**|**£**|
|Other staff costs||4,014|4,396|1,376|
|Premises costs||16,110|22,552|7,060|
|Office runningcosts||10,612|5,960|1,866|
|Marketing||7,743|8,481|2,655|
|Wages and salaries||25,879|28,344|8,873|
|National insurance||1,996|2,186|684|
|Pension cost||850|930|291|
|Depreciation||310|2,143|671|
||||||
|||**67,514**|**74,992**|**23,476**|
||||||
|Total 2020||76,769|91,848|28,702|
||**Other**
**expenditure**|**Cost of raising**
**funds**|**Total 2021**|Total 2020|
||**£**|**£**|**£**|£|
|Other staff costs|2,790|1,185|13,761|17,934|
|Premises costs|14,316|6,079|66,117|93,651|
|Office runningcosts|3,783|1,607|23,828|30,526|
|Marketing|5,384|2,285|26,548|20,266|
|Wages and salaries|17,992|7,641|88,729|101,531|
|National insurance|1,388|589|6,843|7,871|
|Pension cost|591|252|2,914|3,265|
|Depreciation|1,360|578|5,062|5,510|
||||||
||**47,604**|**20,216**|**233,802**|280,554|
||||||
|Total 2020|57,404|25,831|280,554||
All support costs are unrestricted.
Page 30
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **13. Governance costs**
|**14.**
**15.**||**Unrestricted**
**funds**|**Restricted**
**funds**|**Total funds**
**2021**|Total funds
2020|
|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|
||Audit fee|7,900|-|7,900|5,500|
||Accountancyfees|2,450|-|2,450|2,950|
||Legal fees|-|-|-|10,636|
||Trustee expenses|324|-|324|855|
||Wages and salaries|3,246|-|3,246|3,563|
||National insurance|250|-|250|276|
||Pension costs|108|-|108|114|
|||||||
|||14,278|-|14,278|23,894|
|||||||
||Total 2020|22,594|1,300|23,894||
||**Auditors' remuneration**
Fees payable to the company's auditor for the audit of the company's annual
accounts
Fees payable to the company's auditor in respect of:
All non-audit services not included above
**Staff costs**
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|||**2021**
**£**
**7,900**
**2,100**
**2021**
**£**
**417,122**
**35,101**
**12,790**
**465,013**|2020
£
5,500
2,950
2020
£
445,306
31,524
14,321
491,151|
Page 31
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **15. Staff costs (continued)**
The average number of persons employed by the company during the year was as follows:
|Raising funds
Charitable activities
Support activities|**2021**
**No.**
**1**
**25**
**4**
**30**|2020
No.
1
26
4|
|---|---|---|
|||31|
No employee received remuneration amounting to more than £60,000 in either year.
The trustees did not receive any remuneration during the year (2020 - £nil). Expenses totalling £325 have been reimbursed to trustees for the cost of attending meetings in the year (2020 - £nil).
Key management personnel of the charity comprise the Trustees, the Artistic Director and the Administrative Director. The total employee benefits of the key management personnel of the charity were £125,048 (2020 - £81,798).
Page 32
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **16. Tangible fixed assets**
|**_Cost or valuation_**
At 1 April 2020
Additions
At 31 March 2021
**_Depreciation_**
At 1 April 2020
Charge for the year
At 31 March 2021
**_Net book value_**
At 31 March 2021
At 31 March 2020
**17.**
**Investment property**
**_Valuation_**
At 1 April 2020
At 31 March 2021|**Freehold**
**property**
**£**
**1,174,091**
**-**
**1,174,091**
**530,138**
**-**
**530,138**
**643,953**
643,953|**Plant and**
**machinery**
**£**
**146,786**
**4,819**
**151,605**
**132,061**
**5,062**
**137,123**
**14,482**
14,725|**Total**
**£**
**1,320,877**
**4,819**
**1,325,696**|
|---|---|---|---|
||||**662,199**
**5,062**
**667,261**|
||||**658,435**|
||||658,678|
||||**Freehold**
**investment**
**property**
**£**
**250,000**|
||||**250,000**|
The property was valued during the year ended 31 March 2020 by Carter Towler, chartered surveyors on the basis of the market value, the directors consider it is still fairly stated at the balance sheet date.
Page 33
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **18. Debtors**
|Trade debtors
Other debtors
Prepayments and accrued income
**Creditors: Amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
**_Deferred income_**
Deferred income at 1 April 2020
Resources deferred during the year
Amounts released from previous periods|**2021**
**£**
**109,219**
**-**
**123,032**
**232,251**
**2021**
**£**
**34,294**
**26,817**
**10,305**
**15,933**
**87,349**
**2021**
**£**
**9,221**
**-**
**(9,221)**
**-**|2020
£
48,744
3,457
12,664
64,865
2020
£
18,981
11,882
25,143
35,287
91,293
2020
£
19,940
9,221
(19,940)
9,221|
|---|---|---|
## **19. Creditors: Amounts falling due within one year**
Page 34
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **20. Provisions**
|At 1 April 2020|**Other**
**provisions**
**£**
**184,298**|
|---|---|
|||
||**184,298**|
## _**Other provisions**_
Pursuant to a Court Order dated 5 September 2012 there was a damages claim against Yorkshire Dance in regard to a longstanding legal dispute relating to Yorkshire Dance's freehold property. The matter was settled by both parties out of court on 6 November 2014. The terms of the settlement are confidential. The provision as at 31 March 2021 of £184,298 (2020: £184,298) relates to the estimated cost of future required building works.
Page 35
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
|**21.**
**Statement of funds**
**Statement of funds - current year**
**_Unrestricted funds_**
**_Designated funds_**
Freehold property improvement
Development fund
Juncture Festival fund
**_General funds_**
General Funds
**_Total Unrestricted funds_**
**_Restricted funds_**
Building fund
Leeds City Council
Artist development
Early years
Participatory practice
**_Total of funds_**|**Balance at 1**
**April 2020**
**£**
**193,500**
**12,500**
**6,000**
**212,000**
**343,660**
**555,660**
**893,954**
**-**
**27,670**
**7,706**
**12,145**
**941,475**
**1,497,135**|**Income**
**£**
**-**
**-**
**-**
**-**
**553,488**
**553,488**
**-**
**51,000**
**105,808**
**4,398**
**297,559**
**458,765**
**1,012,253**|**Expenditure**
**£**
**-**
**-**
**-**
**-**
**(492,253)**
**(492,253)**
**-**
**(51,000)**
**(51,028)**
**(8,796)**
**(131,654)**
**(242,478)**
**(734,731)**|**Balance at 31**
**March 2021**
**£**
**193,500**
**12,500**
**6,000**
**212,000**|
|---|---|---|---|---|
|||||**404,895**|
|||||**616,895**|
|||||**893,954**
**-**
**82,450**
**3,308**
**178,050**
**1,157,762**|
|||||**1,774,657**|
Page 36
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **21. Statement of funds (continued)**
## **Statement of funds - prior year**
|**_Unrestricted funds_**
**_Designated funds_**
Freehold property improvement
Development fund
Juncture Festival fund
**_General funds_**
General Funds
**_Total Unrestricted funds_**
**_Restricted funds_**
Building fund
Leeds City Council
Artist development
Older adults
Early years
Participatory practice
**_Total of funds_**|Balance at
1 April 2019
£
193,500
16,500
12,500
222,500
285,352
507,852
893,954
6,553
39,150
4,500
-
-
944,157
1,452,009|Income
£
-
-
-
-
593,097
-
-
51,000
160,328
150,981
21,440
48,328
432,077
432,077|Expenditure
£
-
(6,000)
(6,500)
(12,500)
(532,789)
(545,289)
-
(57,553)
(171,808)
(155,481)
(13,734)
(36,183)
(434,759)
(980,048)|Transfers
in/out
£
-
2,000
-
2,000
(2,000)
-
-
-
-
-
-
-
-
-|Balance at
31 March
2020
£
193,500
12,500
6,000
212,000|
|---|---|---|---|---|---|
||||||343,660|
||||||555,660|
||||||893,954
-
27,670
-
7,706
12,145
941,475|
||||||1,497,135|
Page 37
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **Restricted funds:**
The restricted building fund relates to grants received from Leeds City Council and the National Lottery to fund the purchase of the property in 1995 and subsequent refurbishment. The funding may be repayable if the freehold property is disposed of. Leeds City Council hold a legal charge over the freehold property. As part of the Arts Council England resilience funding, Arts Council England hold a legal charge over the freehold property.
Artist development - Supporting artists' talent and skills development and developing new work.
Older adults - The development of inclusive dance with a focus on the impact of dance with older adults.
Early years - Increasing provision of dance engagement work for early years children.
Participatory practice - The development of and engagement with inclusive dance and developing the knowledge of excellent participatory practice.
## **22. Summary of funds**
## **Summary of funds - current year**
|Designated funds
General funds
Restricted funds
**Summary of funds - prior year**
Designated funds
General funds
Restricted funds|Balance at
1 April 2019
£
222,500
285,352
944,157
1,452,009|**Balance at 1**
**April 2020**
**£**
**212,000**
**343,660**
**941,475**
**1,497,135**
Income
£
-
593,097
432,077
1,025,174|**Income**
**£**
**-**
**553,488**
**458,765**
**1,012,253**
Expenditure
£
(12,500)
(532,789)
(434,759)
(980,048)|**Expenditure**
**£**
**-**
**(492,253)**
**(242,478)**
**(734,731)**
Transfers
in/out
£
2,000
(2,000)
-
-|**Balance at 31**
**March 2021**
**£**
**212,000**
**404,895**
**1,157,762**
**1,774,657**|
|---|---|---|---|---|---|
||||||Balance at
31 March
2020
£
212,000
343,660
941,475
1,497,135|
Page 38
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **23. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Investment property
Current assets
Creditors due within one year
Provisions for liabilities and charges
**_Total_**
**Analysis of net assets between funds - prior year**
Tangible fixed assets
Investment property
Current assets
Creditors due within one year
Provisions for liabilities and charges
**_Total_**|**Unrestricted**
**funds**
**2021**
**£**
14,482
-
874,060
(87,349)
(184,298)
616,895
Unrestricted
funds
2020
£
14,725
-
816,526
(91,293)
(184,298)
555,660|**Restricted**
**funds**
**2021**
**£**
643,953
250,000
263,809
-
-
1,157,762
Restricted
funds
2020
£
643,953
250,000
47,522
-
-
941,475|**Total**
**funds**
**2021**
**£**
**658,435**
**250,000**
**1,137,869**
**(87,349)**
**(184,298)**
**1,774,657**
Total
funds
2020
£
658,678
250,000
864,048
(91,293)
(184,298)
1,497,135|
|---|---|---|---|
Page 39
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **24. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income for the year (as per Statement of Financial Activities)
**_Adjustments for:_**
Depreciation charges
Room hire and rental income from investments
Decrease/(increase) in debtors
Decrease in creditors
Interest receivable
**_Net cash used in operating activities_**|**2021**
**£**
**277,522**
**5,062**
**(129,661)**
**(167,386)**
**(3,944)**
**(2,301)**
**(20,708)**|2020
£
45,126|
|---|---|---|
|||5,509
(202,179)
6,260
(25,582)
(5,582)|
|||(176,448)|
|**25.**
**Analysis of cash and cash equivalents**
Cash in hand
**_Total cash and cash equivalents_**
**26.**
**Analysis of changes in net debt**
Cash at bank and in hand|**At 1 April**
**2020**
**£**
**799,183**
**799,183**|**2021**
**£**
**905,618**
**905,618**
**Cash flows**
**£**
**106,435**
**106,435**|2020
£
799,183|
|---|---|---|---|
||||799,183|
||||**At 31 March**
**2021**
**£**
**905,618**
**905,618**|
## **27. Capital commitments**
At 31 March 2021 the company had no capital commitments (2020: £nil).
Page 40
## **THE YORKSHIRE DANCE CENTRE TRUST**
## **(A Company Limited by Guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2021_
## **28. Pension commitments**
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £12,790 (2020: £14,321). Contributions totaling £2,029 (2020: £2,801) were payable to the fund at the balance sheet date and are included in creditors.
## **29. Operating lease commitments**
At 31 March 2021 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:
|**_Amounts payable:_**
Within 1 year
Between 1 and 5 years|**2021**
**£**
**208**
**198**
**406**|2020
£
575
396|
|---|---|---|
|||971|
## **30. Related party transactions**
During the year, the charity paid fees totalling £894 (2020: £2,124) to B Cassani, a trustee, in relation to Accelerate: Skills Development Lab, a development programme for early-career dance practitioners.
Fees of £600 (2020: £nil) for the provision of workshops were paid to the company Fevered Sleep, a company which the trustee D Harradine is the Co Artistic Director and CEO.
Page 41
## The Yorkshire Dance Trust - Financial Statements 31.03.2021
Final Audit Report
2021-10-18
Created: 2021-10-14 By: Joanne Jackson (joanne.jackson@bhp.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAfXSiuF3yNZnzWfSo8ItKG0zPhxmHwE1z
## "The Yorkshire Dance Trust - Financial Statements 31.03.2021" History
Document created by Joanne Jackson (joanne.jackson@bhp.co.uk)
2021-10-14 - 4:40:51 PM GMT
Document emailed to Shirley Parks (shirley.parks@brent.gov.uk) for signature
2021-10-14 - 4:42:03 PM GMT
Email viewed by Shirley Parks (shirley.parks@brent.gov.uk)
2021-10-14 - 5:29:17 PM GMT
Document e-signed by Shirley Parks (shirley.parks@brent.gov.uk)
Signature Date: 2021-10-14 - 5:31:48 PM GMT - Time Source: server
Document emailed to Mike Jackson (mike.jackson@bhp.co.uk) for signature 2021-10-14 - 5:31:50 PM GMT
Email viewed by Mike Jackson (mike.jackson@bhp.co.uk) 2021-10-14 - 5:42:08 PM GMT
Document e-signed by Mike Jackson (mike.jackson@bhp.co.uk) Signature Date: 2021-10-18 - 10:56:30 AM GMT - Time Source: server
Agreement completed.
2021-10-18 - 10:56:30 AM GMT