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2022-03-31-accounts

Registered number: 02319572 Charity numl:>er: 701624

THE YORKSHIRE DANCE CENTRE TRUST {A Company Umited by Guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

THE YORKSHIRE DANCE CE.NTRE TRUST (A Company Umltecl by Guarante )

CONTENTS

Page
Refrente and Admlnistatlve Detalls of the Company, its Trustees and Adisers 1
Tstees' Repor 2-10
Trusees' R�sponslbHitles Statement 11
Independent Audlto.rs' Repot on the finandal Statements 12-16
Statement of Anl!CQII Activities 17
Balance Sheet 18-19
Statment of Cash Flows 20
Notes to the Financial Statements 21-42

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 2022

Trustes Ms S Parks, Chair
MsSAxon
Ms B Cassani
MrSClarke
MsTDomene
MrR Dube
Mr D Harradine
MrP Higgins
MsM Hudson
Dr M Maynard (appointed 27 May 2021)
DrOWilmore
Company rgistered
number 02319572
Charit rgisered number 701624
Registered ofce 3 St. Peter Buildings
St. Peters Square
Leeds
L98AH
Compan secretar Ms A Danlels (resigned 22/10/2020)
Ms K Wareham (appointed 22/10/2020, resigned 13/05/2021)
Mr B Sharma (appointed 13/05/2021)
Chief eecute oficer Ms W Erf.nga
lndependentaudltors BHP LLP
1 Floor
Mayesbrook House
Lawnswood Busine Park
Leeds
L166QY

Pagel

THE YORKSHIRE DANCE CENTRE TRUST

(A Company Limited by Guarantee.)

TRUSTE�S' REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their annual report together with the audited financial statements of the company for the l April t 2021 to 31 March 2022. The Annual report serves the purposes of both a Trustees' repor 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 ci,aritable 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 Repubnc of Ireland (FRS102) (effective October 2019).

Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategtc Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Our Purpose and Activities

Yorkshire Dance ('YD') works through dance to create happiness, health, connection and change. YD's charitable objects are:

•to promote the education of the public In Yorkshire in the appreci.ation and understanding of the art of dance.

We do so by supporting talent development, facilftiltinge 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

a. Main achievements of the company

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 reslllent reserves.

These have both been achieved during the year, which produced an annual turnover of £1,078 ,012.35 and an operating surplus of £39,999.

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THE YORKSHIRE DANCE CENTRE TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARat 2022

Achievements and performance (continued)

b. Revlewofactlvltles

2021-22 was a productive year where YD negotiated the post-Covld wave of change with tenacity and care for communities, staff and artists. The organisation supported a post-Covid recovery of the sector, and the community it works with through focus on health, wellbeing, connection and cultur.1I, artistic expression. Adaptlni to the pandemic and its impact on programme delivery and staff capacity, we engaged people both online and l.n person.

We dellvered 3 small festivals, 1 regional conference, Nb Dress Code Platform and a various artistic and creative participatory projects In Leeds and Internationally. We continue to work on being an anti-racist organisation and increased our focus on co-design with artists and communities. The new Artist Advisory group meets quarterly and through it came our first Annual Artist Gathering in November.

(1) Supporting artists and artistic practice

Supporting independent artists and small companies to thrive is one of our 4 key alms. A dedicated team, including the expertise of the Programmes Director and Artist Development Producer, leads this work, supported PY 3 creative producers. We provided advice and guidance to 69 artists and 132 artists used a total of 1,683 hours of studio residency time. The "Dance Transports" :professional development programme was attended by 33 artists and over 40 people attended the first Yorkshire Dance Annual Artist Gathering networking event.

Now in its third and final year, the strategic Jerwood Dance For Arts Sake programme supported artists/companies Gracefool Col ective, 70/'30 Split and Madeleine Shann with project delivery and strategic· planning, leading to new Investment in research &. development, and film production. Gracefool were provided free office al'.ld storage space as an In-house compar;y and given additional support for developing their Kick Off (women's football) project.

We supported Dance-Partner artists Gillie Kleiman (Friend); Lizzie Klotz and Luca Rutherford (A Really Small Dance) and Vanessa Grasse (The Land We Are) to help realised their artistic work, each in a different context: one outdoor, one small­ scale theatre and one to be performed in people's own homes. Little Big Dam:e; a 3 year national collaboration completed Its first phase through an 8 day national and regional tour of It's OK by George Fellows,

The final .!lt.qe ofThe Talent Hub, also In Its 3rd year, was co-designed by the.8 artists with a learri ng disability ot autism. We continued to invest In the artistic work of Jem Clancy and Luke Gillingham and George Webster took on a tole of Disability Ambassador for the organisation. The impact of the programme was recognised through our invitation to present at Arts Council's P eop1e Places, Power conference.

We employed 6 young dance graduates for six months on the government Kickstart scheme. They were tasked with conducting their own research, designing a flnal creative group project and working along$ide the office staff to gain valuable on-ground experience. The flnat show, Half Baked was performed In November 2021 was supported by artist Theo Clinkard. The performance was well attended and received. Ali six dancers are still working with YD in some capacity and are building their own port-folio careers.

Thinking Space (supported through Cultural Recovery funding) enabled artists to reflect on the Impact of the pandemic and start imagining a post-Covid prj!ctice. 20 Artists were engaged across 3 days focussed on: Children and Young People, Older people and dance and disability;

"Thank you once again for the opportunity, It has be n & continues to be .i really rich experiel'lce & r feel sure that contacts made & relationships built will have longevity: - Sara Giddens, Thinking Space Artist

Through the recovery fund, we built new relationships with artists by paying four4 artists £1,000 each to be In residence

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THeYoRKSHIRE fx4NCE CENTrE TAUST TRUSTEES, REPORT IcoKfiNUEDI FOR TIIE YEAR ENDE031 AURI￿2022 Achl•¥ernents •nd pÈrforni•nc• {Con￿n￿ed) wlth Ardsts from • 8lots￿ m•lorlty w•re prlorfthed for thf& s￿h rel•tlonsNp re5dted In ow wodu¢erwwt fty rt15ts4Art￿ts proje¢1 irTrve5tln8 In Hlp H¢p ¢ance work mode for earty years •s part of a n8tiDnil partnershlp. We Invested Sn artlsts throueh op•rtracws CPD prtydrnmme D•nce TrJrW whlch thls y•ar Indvded.. •4 days olWrltlr4 ￿nCe, r•llabor•lkn vhth thtwritkni Swad belween T￿ thn£• maku5 led by El￿ Mtsma yo Chln8onyl •A d•y of creatIr￿ w(rt foroutdow contextswlth Simon Vthltehead at WÈntwoth wL￿1b￿j$e In ROthe￿nL •A dBy fOcUty￿ on ￿hat Is good co.desn' co-fa¢lllt4ted by arttsts from Restoke. Commonwealth Ind Compary of peop￿ arttsts. k you ￿ muth for your 8ener •nd klndness thls week I fdt ry welcome ind ￿red for by you. .1 am 8r•teful for the opportvnity..Itwas ore•t andsmthlnB that Vd lo￿ to do ¥o•kn. I leftfeellr4 knoplred and (reatfvetyfed." Wrftl dance artlst We worked icm$5 a nvmb•r of strate8lE pr￿TIM￿S to dan¢ wlth peopk who normalty do get the chance ts tik• part •nd to d•veltsp the knowledge of e¥cdknt partidp•tory kvxtke. We p￿ded • tctsl of 1.345 p•rtl¢lp•torysessor •ttended by 11120 èudlente In totsl. We dnced vli zoom and In yrson wlth older adults In the comrnunlty (Dance Onl jnd In dtmÈntl• c?rethorne5 Iln ture Comp•nyl. ¥rd wlth youry Peop￿ tlTh¥h pro8r•fflmes iKJth at Y4xkJNre Dance ￿￿tUrdaY Superstsfsl •nd in th• community p3rtul¥ly thrTh¢h • ILKal Ytxrth Dance Cfmnpany. We qlso d#nced tlth adults wlth lèam1￿ ￿l￿bIlItIeS Is partMrsofAsplre. Dance On - re-ewblished 18 lfve In-person s•ssioTrs icross Leeds and Bradfard whlch re8ularty enga8ed •reund 2 Iple eKh week l•vero6e a8e 0174 In Leeds •nd 76 In bradfo￿). The pro8rnmme takt5 a rtynmunlty developmenr 8pproich, wprklnB dose￿ wlth 9 Nel8hbourhood Networks In Leeds. Ind b •ntirefy tsHor-made to the (culturall Inter¥t of each Broup. A new pubJk8tlon. ¢ofi￿n8 the Unlversty DI Leed5 research was 481Krlbuted wldely at w)fer¢nres and esented In a series of Dante Health Llnks •4enrs wlth h•41th professlon& D•nc Oon was 5hortrbted for CollocdNt PowerAw•rd. omp•ny ol Pevpl• and P•rfrymlTrx G•hd•r DAftt[￿ In your shoes We launthed our knlergtneratloml 'Company of Peoplé. a 8rnss-foc+ts perfom4nce company frxused In HarehllJ5 and Chlpeltown, by dolns exttnsfve comrnunlty p•rtneTshlp development th wlth 4 QTPOC lQueer & fr¥n5 People ol Colourl Hou5• of Nava. F•èl G￿d Fartty. spa￿ 2 as well 85 NSCP who ¥r• wwklw wlth Block Heatth Inltlatlve. Thts Intwenu¥tloMI performance comp¥ny meets on • monthly blsls and Is prep•rlnt its first choteLyaphl¢ mmL$51on under the dlrectlon of T.C Howard. Compony of People Is part of Performlng Gend•r Dandn8 In your shoes. an Internation¥1 toll•bornth projert that WIU lead us to wodvce hlkn quality communltywoeK in 2023.Three3 of the YD stsff v151ted Bojogna and met other European p•rtnets, who they ¢¢ntlnue t¢ wlth dI8￿llY for 3k511s sh•rln8 and retlection. One ol our$trat￿¢ objecU￿ Is to dv4elop neiwor*8 resourc•s and cros5-5•￿￿rtn￿IShIPS in tyder tt> Incruse danc• opportunltles snd nurture InntY4•tl(fft across tht re6lon And bayond. As such we contlnued to be aCt￿e p•rt Of the l•eds Dance Partne￿h1￿ the UK Dance QuewArt5 N•twork North •I￿￿￿t ¢ther& The hu8th popular •nd successlul Youth Dance Fe511¥BI and reglon•l showwe Fr•sh 2022 saw ¢)ver 300 youn8 people dolng worknhDPJ and perf0rrnl￿ acrDSS 4 showcasey. IM dl8lt41,' Ix leeds (7ty C￿leBe 2 x at the Haykn5e Ifoyu afid Pa8e 4

THE YORKSHIRE DANCE CENTRE TRUST

(A Company limited by Guarante )

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Achievements and performance {continued)

main stage). Fresh '22 was particularly noted for its celebration of diversity.

The Regional Dance Development Network (RDDN) hosted by YD continued to meet both online and In person. A survey of the members highlighted that information sharing remains a key benefit of this network and helped shape future priorities. It also resulted in strong input into the planning of Fresh.

Dance Futures our blennial youth dance conference, this year at Leeds Cty College drew 80 delegates/presenters for a day of knowledge exchange, workshops and performances, throwing a spotlight on the latest developments in the sector such as indusion and mental health.

We supported two sub-regional Dance Hubs in North and South Yorkshire to re-establish post-pandemic with a focus on children and young people. We supported the Yorkshire Schools Dance Festival which engaged over 60 schools in a celebration of dance.

f 4) Brinalng people together

This year we adopted a new aim to Increase opportunities that stimulate meaningful and enriching encounters between artists, organisations and communities, creating new insights, connections and broadening perspectives. We did so through Climate Encounters (July) a 2 day festival engaging people in talks, workshops and events, mostly online and some in Leeds featuring artists such as Es Morgan and Rosemary Lee and Simon Whitehead around the theme of the climate crisis. We Wonder (Aug) was a two-day outdoor festival at Wentworth Woodhouse (Rotherham) for which we curated a family friendly dance programme that engaged people with nature and landscape. Children and their Grownups (Oct) was a day of performances and workshops for children and famllles including the live streaming of Bull and the Moon (Denada Dance Company) and lmpro Play by Katy Hewlson with children from Richmond Hill Primary School. Though these events were impacted by Covid, there was strong artistic quality and overall good audiences, with the (mostly) digital Climate Encounters only drawing a small and already engaged audience.

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THE YORKSHIRE �ANCf CENTRE TRUST

(A Comp11ny Umited by Gu11rantea)

TROSTEf;S.' REPORT (CONTINUED) FOR THE YEAR ENDED 32 MARCH 202

Achievements and performance (continued)

c. Investment p�licy and reserve policy

Yorkshire Oance is a registered charity whicti raises funds to spend on ac.tivities and capital Investments that further its ·charitable aims. As stated in its Memorandum and Articles of Associat.ion (3h), It has the powet to invest the monies of the charity not immediately required for the furtherance of its alms.

The Trustees recognise the S:tatus of the company as a not-for-profit organisation and take care to avoid carrying unnecessarily high levels ofreserves. However, the Trustees are of the view that Yorkshiri!! Dance should retain a sufficient level of reserves to sustain overheads and basfc operations (staffing,. adminlstratlon) for a period of six months.

The t;harity seek$ to produce the best ffnanclal return within an acceptable lev.el of risk, As assets are .expected. to be spent over the ShQrt to medium term, capital preservation and liq1,1idity are priorities.

Totaf funds held at 31 March 2022 wet.e £1,998,954 of which £1,397,767 was within restricted funds. The unrestricted funds stood .it £6fl ,187 {of which £212,000 has been designated to specific pr.ojects). The unrestricted free reserves w,:re £374,311 whkh equates to apprQximately 6 months' total running cpsts fpr the charity.

Within this unrestricted general fund, Trustees made no additional allocation to the designated Building Fund. Therefore, the buildJng fund remains at £193,500, to cover imp I an tied emergency repairs and in anticipation of significant increased investment requirements io order to support the future capital aspirations ofthe charity.

The development fund has been maintained at £12,500. The develQptnent fund is to support planned future research and development in the arti.rtlc programme and partneFShips d11riiig 2022/i3 and in the future. The charity also h11s a de.signeted fund for the Juncture Festival. The fund continues to stand 1;1t £6,000 at the year end, and will be allocated towards the 40th birthday celebration on December 2, 2022.

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 ac;:hleve a rate on deposit which matches or exceeds inflation as measured by the retail prices index. Due to wider economic circ1,1m$tances deposit rates have been depressed and so this aim was not achieved in the year.

The Trustees believe it is prudent to ensure that the.re are sufflc:lent free reserves to provide financial flexibility. This is lar�Jy owing to the uncertainty around funding from ACE for the year 2023-26, pressure on trusts, foundations i!Od other publlc funding, cost of living increase & economic uncertainty due to other macroscopic issues at present.

Financial review

a. Going concern

The COVID-19 pan.demfc continued to test the dynamism, agility and resilience of Vo.rkshire .Da.nce and its team through the yea.r, After making app.ropriate enquiries, the Trustees have a reasonable expectati.on that the company has adequate resour�s to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going CQnc:ern basis in preparing the flnancJal statements. Further details regarding the adoption of the going concern basis can be found hi the Accounting Pollcles.

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THE YORKSHIRE DANCE CENTRETRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARal 2022

b. Financial performance

Details of the financial performance of the Charity for the year ended 31 March 2022 are contained In the attached financial statements.

Trustees remain confident in the resilience of YD due to a strong reserves position, which will enable YD to continue operating in 2022/23, despite facing an anlcipatedapproved deficit in 2022/23. YD has taken mitigating actions including renegotiating project delivery plans with funding partners.

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, Yorkshire Dance continues to diversify and grow its Income streams through partnerships with the public and commercial sectors. In addition, the charity remains committed to its full-time fundraislng 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.

Structure, 11avernonce and manar,ement

a. Constitution

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 skil s 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 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 rolllng agenda of the Board of Trustees.

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THE YORKSHIRE DANCE CENTRE TRUST

(A Cornp,,;y Limited by Guarantee)

TRUSTEES' REPORi (CONTINUED) !=OR THE YEAR ENDED 3l MARCH 202

Structure; governance and management (continued)

b, Metl)ods of appointment or electlori of Ttust.ees

The management of the company is the responsibility of the Triistees who are elected and co-opted under the terms of the Memorandum of A$sociation.

Pages

THE YORKSHIRE DANCE CENTRE TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT {CONTINUED) FOR THE YEAR ENDED 3l MAR.CH 2022

Plans for future periods

2022/J3 mar!cs a y.,ar of transition for the organisatlon'.s governance, as the Chair of the Board, Shirley Parks comes to an end of her 6 year engagement. The trustees have decided to bring ln external oonsultancy to assist with the recruitment of the chair. Meanwhile, Vice Chair Stuart Clarke has taken over the role of interim chairperson, providing stability and leadership during this period.

Further, Wi�ke Eringa steps down as the organisation's Artfstlc Director/CEO after 15. years of service, her last day being 5 August, 2022.

The Trustees wish to express their thanks for Wleke's enthusiasm and commitment to YD during her years of service.

To ensure the organisation fs able to respond to this in the best possible mannerrepspondrespond to these changes, the Sheard has decided to conduct a leadership review with Gregory Nash (external consultant also assisting with Chair recruitment) to find a model that is fit for purpose to the organisation's current alms and future ambitions.

Hannah Robertshaw (Programmes Director) has taken over Wieke's role as Interim Artistic Director/CEO, with her previous role bad<filled through additional capacity brought in (through extwnal freehmcers and current staff members taking addftlonal roles/increasing their hours of service I.

The organisation aims to have a new chair in place by January 2023 and a new permanent l�adership team by )une 2023.

The organisation forther continues te diversify its board and monitors the skillset available by recruiting new trustees with expertise In HR, Legal, F.inance and Sustalnablllty.

Projects

Confirmed future opportunities include Ageless Festival (Foyle Foundation); Strike a Pose (Leeds Inspired); Instinctive Neighbourhood (Dutch Embassy); 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 On (this year su.pported in Leeds through public health); In Mature Company (supported now through Leeds NHS� Dancing the Horizontal (British Council): Euro-fan-ione Dance Programme (Rotherham Councll) and Youth Dance Company .(BBC Children in Need finishing tn December). We are fLtrther actively developing fundralslng around Company of People, Youth Company, Dance Ori and other work with older people and with learning disabled artists. 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.

Organisational development is increaslngly done through the lens of Arts CQuncils Investment principles of Dynamism; lncluslvlty and Relevance; Ambition and Quality and Envlronmental Sustainability.

The organisation continues to pursue its ambitions around capital development, with studio availablllty for artists, urgency to improve earned income and responding to the climate emergency the main factors. With John Milburn, the new capltal steering group will develop the scope of this work. The board has agreed to set aside a capital fund, ring­ fenced towards buying-in expertise to help the organisation move forward with the process in 2023-26.

Information on fundralslng practices

The charity doesn't actively fundralse. 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 fundralslng 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

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THE YORKSHIRE DANCE CENTRE TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 3l MARCH 202

Plans for future periods (continued)

fundraislng campaign or start to generate more Income through fundraising, the trustees will look to sign up to a voluntary fundralsing code,

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Auditors

The auditors, BHP LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

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Page 10

THE YORKSHIRE DANCE CENTRE TRUST (A Company.limited by Guarantee)

STATEMENT OF TRUSTE S' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 202

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 appllcable 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 riot approve the financial stit ements 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:

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: . � """'' G;10J2oa

Pagell

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 2022 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 10i 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practicel.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UKI) 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 financlal statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responslbilltles 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 flnanclal statements, we have concluded that the Trustees' 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 CQncem for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibllities and the responslblllties 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 expllcltly 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 knowl11dge 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:

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:

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THE YORKSHJRE OANCE CENT.RE TRUST

(A Company Umited by Guarantee)

INDEPENDENTAUDITORS[1 ] REPORT TO THE MEMBERS OF THE YORKSHIRE DANCE CENTRE TRUST (CONTINUED}

Responsiblntles of trustees

As explained more fully .in the Trust�• Responsibilities Statement, the Trustees (who are also the, dtrectors of the chilritab!e corp ;iny for the purposes of company law} are responsible tor the preparation of the financial statements a.nd for being satisfied that they give a true and fair view, 11nd 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 fra1,1d or error.

in pn!paring the finaociai statements, the 'trustees are responsible for assessing the charitable company's ability to continue .as a going concern, dlscloslng, as applicable, matters related to going concern and using the going concern basis of acco1m�ing unless the Trustees �ther Intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 14

THE YORKSHIRE DANCE CENTRE TRUST (A Company Limited by Guarante )

INDEPENDENTAUDITORS' REPORT TO THE MEMBERS OF THE YORKSHIRE DANCE CENTRE TRUST (CONTINUED)

Auditor5' responsibilities for the audit of the financial sta ements

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 lSAs (UK) wlll 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.

lrregularltles, 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 Jn respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• Identified laws and regulations were communicated within the audit team and the team remained alert to instances of non-compllance 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

Page 15

THE YORKSHIRE DANCE CENTRE TRUST

{A Company Limited by Guarantee)

IN DE PEN DENT AUDITORS' REPORT TO THE MEMBERS OF THE YORKSHIRE DANCE CENTRE TRUST (CONTINUED)

To address the risk Qf fta1,.1d throuith management bias and override o[f ] controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included; but were not limited to:

A further description of our responsibilities for the audit of th:e financial statements is located on the Flnancfal Reporting Council's web$1te at· wwwJrc.org.uk/auditorsresponsibilities. This descnption 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 Chapt�r 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that w.e might state to the charitable company's trustees those ma.tters we are required to state to them in an Auditors' Report and for no other purp0.se. 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 out audit work, for this report, or for the opinions we have formed.

Mi.ehaelJackson (Se for and on behalf of BHP LLP Statutory Auditors l$t Floor Mayesbtook Ho1.1se Lawnswood Bus(ness Parle Leeds L51-6 6QY Date: \, a:k k-5 2._61..2-

Page 16

THE YORKSHIRE DANCE CENTRE TRUST

(A Company Limited by Guarantee)

I STATEMENT OF FINANCIAL ACTIVITES (INCORPORATING INCOME A.ND EXPEND.ITU RE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Total
Unresriced
funds		 Resriced
funds		 T4tal
fnds		 funds
2021 (as
2022 2022 2022 restated)
Note. £ £ £ £
Income fom:
Donations and legacies 4 340,798 518,S78 859,376 811,670
Charitable activities s 56,841 56,841 17,662
Other trading activities 6 446 446 51
Investment 7 147,725 147,725 131,962
Other Income 8,646 4,978 13,624 50,908
Totl Incme 55,456 523,556 1,078,012 1,012,253
Expencrure on:
Raising-funds 8- 173,176 173,176 167,247
Charitable actvities 581,286 283,5S1 86,837 567,484
Other expenditure 10 (184,298) (18,298)
Total expenditure 570,164 283,551 853,715 734,731
Net movement in funds (15,708) 240,005 224,297 277,522
Reconciliation of funds:
Total funds brought forard 616;895 1,157,762 1,774,67 1,497,135
Net moement in funds (15,708) 240,005 224,297 277,522
Total funds carried forard 601,187 U97,767 1,998,954 1,774,657

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 21 to 42 form part of these flnancial statements.

Page 17

THE-YORKSHIRE DANCE CENTRf TRUST (A Company Limited by Guarantee) REGISTERED NUMBER� 02319572

BALANCE SHEET AS AT �1 MARC:f{ 2022

2022 2021
Note £ £
Fixed aset
Tangible asset 17 658,809 658,435
Invesment propert 18 250,000 250,000
**90,809. ** 908,435
currant asset
Debtor� 19 67,836 232,251.
Qlsh at bank and in himd 1,177,739 905,618
1,245,575 1,137,869
Creditors:_amount falling due within one year 20 (155,430) (87,349)
Net current as$et 1,090,145 1,050,520
Total assets less current liabilities 1, 8,954 1,958,955
Provisions fot llabilities (184,298)
Total net assets 1,998,954 1,774,657
Charity funds
Restricted fnds 22 1,397,767 1,157,762
Unrestricted funds 22 601,187 616,895
Total funds 1,998,954 1,n4,6S7

Page 18

THE YORKSHIRE DANCE CENTRE TRUST

(A Company Limited by Guarantee)

BALANCE SHEET {CONTINUED) AS AT 31 MARCH 2022

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financlal statements.

The financial statements have been prepared in accordance with the provisions applicable to entitles subject to the small companies regime,

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: �� Date: 6//t:J/Zo.i!Z...

The notes on pages 21 to 42 form part of these financial statements.

Page 19

THE YORKSHIRE DANCE CENTRE TRUST

(A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
2022 2021
Note f
cash flows from operatinc activities
Net cash used In operating activities 25 130,643 (20,708)
Cash flows from investing activities
Room hire and rental Income from investments 145,977 129,661
Interest received 1,748 2,301
Purchase of tangible fixed assets (6,247) (4,819)
Net cash provided by investing activities 141,478 127,143
Cash flows from financing activities
Net cash provided by financing activities
Change in C!lsh and cash equivalents in the year 272,121 106,435
Cash and cash equivalents at the beginning of the year 905,618 799,183
Cash and cash equivalents at the end of the year 26 1,177,739 905,618
The notes on pages 21 to 42 form part of these financial statements
----- End of picture text -----

Page 20

THE YORl<SHIRE DANCE CENTRE TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS fOR THE YEAR ENDED 31 MA!fa-12022

1. General information

The company ls a company llmlted by guarantee. The members of the company are the Trustees as set out ln the reference detafls. 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 registererl in England and Wales. The registered office is 3 St. Peters Buildings, St. Peters Square, Le ds, LS9 8AH.

2. Acc0\l ting policies

2.l Basis of preparation a/ financial statements

The flnanclal statements have been prepared in accordance- with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practi e applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (effectJve October 2019), the Flnanclal Reporting Standard appltcable in the UK and Republic of Ir-eland (FRS 102) and the Companies Act 2006.

The Yorkshire Dance Centre Trust meets the definition of a public benefit entity under FRS 102. As ets and liabilities are lnitialiy recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The accounts have been prepared on the basis that the Charity can continue to operate as a going concern.

The Charity has no overdri!ft 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 21

THE YORKSHIRE DANCE CENTRE TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 followlng specific policies are applied to particular categories of Income.

• Investment income is Included when receivable

Voluntary income comprises of grant income that provides core funding or is of a general nature. Such income Is rec01nised in the accounts when the charity is tegally 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 rs 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 e)(pended 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.

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 w.lth administration of the company and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred In attracting voluntary income, and those incurred in trading activities that raise funds.

Page 22

THE YORKSHIRE DANCE CENTRE TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Z. Accounting policies (continued)

2.4 Expenditure (continued}

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 u.ndertaking 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, tanglble 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 f1Xed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Freehold property not currently depreciated - Plant and machinery 20% straight line

The freehold property has been valued significantly higher than net book value and therefore the directors have taken the view that depreciation should not be charged for this property.

2.6 Investment properties

Investment properties are measured at fair value. Changes in fair value are recognised in the net galns/(losses) on investment in the Statement of Financial Activities.

2.1 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.B Cash at bank and In hand

Cash at bank and in hand Includes cash ;md 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 23

THE YORKSHIRE DANCE CENTRE TRUST

(A compa·ny Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENiS FOR THE YEAR ENDEP 31 MARCH 2022

2. Acccountlng polkles (continued)

2.9 Liobllitles 11nd provisions

Uabi,litles ate recognised when there is an obligation at the Balance Sheet date as a result of a past'event, it is prob11ble that a transfer of economic benefit will be requited in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that -the company anticipates it win pay �o 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 settje the obligation. Where the effect of the tnne value of money Is materi11I, the prc1Vislon is based on the present valµe. of those amounts, discounted at the pr1Max discount rate that reflec�s the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial ActM.tles l\iS a finance cost.

2.10 Finonclal Instruments

The cQmpany only has financial assets and financial II.abilities of a kind that qualify as bas.ic financial Instruments. Basic financial instruments are Initially recognised at transaction value and subsequently measured at their seWement 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 11nd telephone equipment a_s 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 ch,arges a�e charged on a straight line basis over the term of the lease.

2.12 Pensions

The company operates a defined· contribution pension schf!me and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Page 24

THE YORKSHIRE DANCE CENTRE TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAROl 2022

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 compromh,e 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 (2021 - £175,800).

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The alm 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 allocatlon of support a>sts ls a key estimate due to the allocation of support costs to restricted funds. The allocation ls regularly reviewed to ensure allocation Is in line with the funding agreements.

Page 25

THE YORKSHIRE DANCE CENTRE TRUST (A .Company Limited by G1,1arantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 32 MARCH 2022

4. Income from donations and legacies

Unresri�ed
funds		 Resriced
funds		 Tota1
fnds		 Total
funds
2022
E		 2022
£		 2022
f		 2021
£
Lees Cit Council 71,372 71,372 51,000
Arts Couocil England 33.,78 331,789 336,187
Other Source$ 9,09 447,206 456,215 403,432
Govrnment grnts 21,051
Total donations and legacies 340,798 518,578 859,376 811,670
Total 202.1 404,096 407,574 811,670

s. Income from charitable activities

Unrestriced Restriced Total Total
funds funds funds funds
2022 2022 2022 2021
£ **f. ** £ £
Fee income from weekly classes 14,187 14,187 2,572
Box offce income 20;572 20,572 13,3.89
Artist serices and project management 8,236 8,236 1,861
Other income from charitable activities 13,846 13,86 .(160)
Toto/202 56;84.i .56,841 17,662
Total 2021 17,442 220 17,662

Page 26

THE YORKSHIRE DANCE CENTRE TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAROl 2022

6. Income from other trading activities

Income from fundralslng events

Unrestricted Total Total
funds funds funds
2022 2022 2021
£ f
Refreshments and merchandise 446 446 51
Total 2021 51 51

7. Investment income

Unrestricted Total Total
funds funds funds
2022 2022 2021
£ £
Studio & meeting room hire 73,360 73,360 77,509
Rental income 72,617 72,617 52,152
Interest receivable 1,748 1,748 2,301
Tota/2022 147,725 147,725 131,962
Total2021 131,962 131,962

Page27

THE YORKSHIRE DANCE CENTRE TRUST {A Company Umited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202

8. Expenditure on raising funds

Costs of raising funds

Total
Unrestriced Totl funds
funds funds 2021(as
2022 2022 restatd)
£ £
Cost of goods sold 2,855 2,855 17
Direct staff costs 58,363 58,363 62,454
Suppor costs 111,958 111,958 104;776
Tota/2012 173,176 173,176 167,247
Total 2021 (as restated) 167,247 167,247

9. Support costs relating to costs of raising funds

2022 2021
£ £
Wages and salaries 53,372 59,177
National insurance 3,437 4,565
Pension cost 1,914 1,943
Other staf costs 5,110 3,975
Premises costs 25,906 19,100
Ofce running expenses 12,34 6,884
Marketing 8,348 7,670
Depreciation 1,527 1,462
111,958 104,776

Page 28

THE YORKSHIRE DANCE CENTRE TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

10. Other expenditure

Unrestricted Total Total
funds funds funds
2022 2022 2021
£ £ £
Release of provision for bulldlng works (184,298) (184,298)

11. Charitable activities

Total
Total funds
Direct costs Support costs funds 2021 (as
2022 2022 2022 restated)
£ f £
Supporting artists and .advocacy 234,549 91,251 325;800 215,585
Participatory programme and advocacy 269,302 126,728 396,030 268,432
Regional development and other activity 113,014 29,993 143,007 83,467
616,865 247,972 864,837 567,484
Total 2021 (as restated) 379,047 188,437 567,484

£283,551 (2021: £242,478) of the above funds were attributable to restricted funds. £581,286 (2021: £279,080) 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 2022

12. Direct costs

Direct cost
Regional
Supporing
arists and
advocacy		 Paricipatory
programme
and advocacy		 devlopment
and oher
activit		 Total2022 Total 2021 {as
restated)
£ £ £ £ £
Aristic development and
professional programme 140,519 140,519 39,810
Paricipation programme 85,923 85,923 52,373
Reglonal dance development 35,416 35,416 14,784
Weekly dasses 18,313 18,313 8,843
Kickstart 4,511 4,511
Wages and salaries 85,462 150,923 67,043 303,428 235,336
National Insurance 5,504 9,744 51022 20,270 21,081
Pension cost 3,064 4,400 1,021 8,485 6,820
Total20n 234,549 269,303 113,013 616,865 379,047
Total 202i (as restated) 138,296 183,782 56,969 379,047

£283,551 (2021: £242,478) of the above funds were attributable to restricted funds. £333,314 (2021: £104,269) of the above funds were attributable to unrestricted funds.

Page30

THE YORKSHIRE DANCE CENTRE TRUST IA Company Umlted by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202

13. Support costs relating to charitable activities

Suporng
ars and
adv1c		 Paricipatr
programme and
advocc		 Regional
development		 Total
funds 2022		 Tol
funds201
f £ £ £ £
Oher staf costs 5,355 7,419 1,769 14,543 9,78
Premises cost 27,242 37,739 8,997 73,978 47,017
Ofce rnning costs 12,938 17,923 4,273 35,134 16,94
Marketing 8,749 12,120 2,890 23,759 18,879
Wages andsalaries 22,795 31,578 7,528 61,901 63,09
National insurance 1,468 2,034 485 3,987 4,867
Pension cost 817 1,132 270 2,219 2,071
Depreciation 1,600 2,217 529 4,346 3,600
Goverance costs 9,756 13,730 3,252 4,346 14,278
Other costs 531 836 529 1,896 7,91
Tot/2022 91,251 126,728 30,522 24,501 188,437

All support costs are unrestricted.

Page 31

THE YORKSHIRE DANCE.CENTRE TRUST (A Company limited by .Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARcH2022

14. Governance costs

Unrestriced Restricted Total funds Total.unds
funds funds 2022 2021
£ £ £ £
Audit fee 10,1S0 10,150 7,900
Accountancy fees 7,523 7,523 2,450
Legal fees 3,300 3,300
Trustee expenses 2,399 2,399 .324
Waes and silarles 3,061 3,061 3,246
National Insurance 197 197 250
Pension costs 108 108 108
26,738 26,738 14,278
Total 2021 14,278 14,278
1.5. Auditors' remuneration
2022 2021
f £
Fees payable to the company's auditor for the audit of the company's annual
.accounts 10,150
Fees payable to the company's au.ditor in respect of:
All non-audit serices not Included above 2,850 2,100
16. Staf coss
2022 2021
£ £
Wages and salaries 365,329 298,432
SociiI securit costs 24,�7 25,947
Contribution to.defned contribution pension s(hemes 10,704 8;891
400,290 333,270

Page 32

THE YORKSHIRE DANCE CENTRE TRUST

(A Company Umlted by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202

16. Staff costs (continued)

The average number of persons employed by the company during the year was as follows:

2022 2021
No. No.
Raising funds 2 l
Charitable activities 22 2
Suppor activities 5 4
29 30

No employee received remuneration amounting to more than £60,000 in either year.

The trustees did not receive any remuneration during the year (2021 - £nil). Expenses totalling £nil have been reimbursed to trustees for the cost of attending meetings in the year (2021 - £325 ).

Key management personnel of the charity comprise the Trustees, the Artistic: Director, Programmes Director and the Executive Director. The total employee benefits of the key management personnel of the charity were £127,038 (2021 - £125,048}.

Page 33

THE YORKSHIRE DANCE CENTRE TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2022

17. Tangible fixed assets

Cost or 10/uatfor
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Oarge forthe·year
At 31 March 2022
.Net book vlu
At .31 March 2022
At 31 March 2021
Freeho.ld
propert
1,174,091
1,174,091
530,18
530,138
643;953
643,953
Plant and
macinery
£
151,605
6,247
157,852
137,123
5,873
142,996
14,856
14,482		 Total
£
1,325,696
6,247
1,331,943
667,261
5,873
673,14
658,809
658,435

The freehold property is valued at cost less accumulated depreciation. Due. to a recent valuation setting the value of the property at £2,159,400, which is significantly higher than net book value, the directors hav� taken the view that no depredation should be charged fur this property.

18. llwestment prQperty

Fr�!Cd
Investment
property
£
Valuatin
At1AprilW21 250,000
A 31 March 2022 250,000

Th[e fair value of the investment property has bee.n arrived at on the basis of a valuation carried out In February ] 2022 by carter Towler Charter�d Surveyors, who are not connected with the companyi

Page 34

THE YORKSHIRE DANCE CENTRE TRUST

(A Company Umlted by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

19, Debtors

Debtr
222
£		 2021
t
Trde debtors 11.948 109,219
Prepayments and accred income $5,888 123,032
67,836 232,251

20. Creditors: Amounts falling due within one year

2022 2021
£ £
Trade creditors 103,747 34,294
Other taxation and social securit 22,496 26,817
Other creditors 7,133 10,305
Accrals and deferred Income 2,054 15,933
155,430 87,349

21. Provisions

Prviions
Oer
prosos
£
At 1 April 2021 184,29
Amountreversed (lM,98)

other provisions

Pursuant to a Court Order dated S 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 confldential. The provision as at 31 March 2022 of fnll (2021: £184,298) relates to the estimated cost of future required building works.

Page 35·

THE YORKS[!] iiRE OANCE CENTRE TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED.31 MARCH 2022

22. Statement of funds

Statement of funds -curren.t year

Statement of funds -current year
BJlanceatl Balance at 31
Aril 2021 lnc.e Epenctrture Mll(20l2
£ £ £
Unrstrted funds
Designated frds
Fre
hold property Improvement		 193,500 193,500
Development fund 12,500 12;500
Juncture Festival fund 6,000 6,000
212;000 212,000
General fnds
Gent.rat Funds 404,895 554,456 (570,164) 389,187
Totl Unrestcted fnds 616,895 554,456 (570,164) 601,187
Restricd fnds
Building fund 893,954 893,954
Leeds City Council 71,372 .71,372
Artst development 82,450 76,328 (154,370) 4,40
Early years 3,308 3,308
Paricipator practice 178,050 276;375 (102,258) 352,167
Cultural recovery fund 53,928 (22,412) 31,516
Kickstart programme 45,553 (4,511) 41,042
1,157,762 523,556 (283;551) 1,397,767
Total o f(ds 1,774,657 1,0.78,012 (853,715) 1,998,954

Total of fu(lds

Page 3,6

ThE YORV5HIRE IMNCE CENTRE TRUST (A Companyumitsd by Guarantee) NOTES TO THE FINANQAL ¥fATEMENTS FOR IHE YEAR ENOED 31 MAR012022 Sttsn•rtolfund$. pr1off￿ Bal•nce It 31 M•nh 2021 an￿ at l Aprll 2020 Fre￿1 property Irrpro¥•mÈnt De¥¢loprnentfvnd JurKture Festlval fvnd 193.5C 12.5C 1935L 212,OLI) 6enernl Funds 343,G60 SS3.488 14922531 404WS 555.660 (4912531 616J95 fund L••ds aty Counol Artsrtdevelopment Earfy yur5 P•rtldptory prxtlc• 893,954 893954 SL ID5,808 4.39B I97￿59 27,670 7,706 11145 15L0281 {&7961 113l6YI 3,308 17&(fJO 941,475 4U781 1.157,762 Totdrffvftds &497.13S 1.012253 rn4.raii L774.657 P4• 37

THE YORKSHIRE DANCE CENTRE TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, MARCH 2022

Restricted funds:

The restricted building fund relates to grants received from Leeds Oty 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 Oty 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.

Early years - Increasing provision of dance engagement work for early years children.

Participatory practice • The development of and engagement With Inclusive dance and developlng the knowledge of excellent participatory practice.

Cultural Recovery fund • This income was provided by the government through Arts Council England and used by the charity to assist in the recovery from the COVI0-19 pandemic.

Kickstart - Supporting employers to create jobs for 16-24 year olds on Universal Credit.

Designated funds:

Freehold property improvement - Funds that the board has committed to spending over the next few years to bring in expertise resarding capital aspirations.

Development fund • Surplus revenue and is made available to the Artistic Director.

Juncture Festival fund • Sesidual income which is due to be allocated to the charity's 40th anniversary celebration in December 2022.

23. Summary of funds

Summary of funds• current y11ar

Summary of funds• current y1ar
Balance at 1 Balance at 31
Aril2021 Income Ependiture March202
£ £ f
Designated funds 212,000 212,000
General funds 404,895 554,456 (570,164) 389,187
RestlcteQ funds 1,157,762 523,556 (283;551) 1,397,767
1,774,657 1,078,012 (853,715) 1,998,954

Page 38

THE YORKSHIRE DANCE CENTRE TRUST

(A Company Umited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE' YEAR ENDED 31 MARCH 2022

23. Summary of funds (continued}

summary of funds -prior year

summar of funds -prior year
Balance at
Balance at 31 March
1 April 2020 Income Expenditure 2021
£ £ £ £
Designated funds 212,000 **212,0 **
General funds 343,660 553,488 (492,253) 404,895
Retricted funds 941,475 458,765 (242,478) 1,157,762
1,497,135 1,012,253 (734,731) 1,774,657

24. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestriced
funds
202
£		 Resriced
fnds
1022
f		 Totl
funds
2022
£
Tanible fixed assets
lnv�tment property		 14,856 643,953
**250,0 **		 658,809
250,0
Current assets 741,761 503,814 1,245,575
Creditor du'e within one year (155,430) (155,43}
Total 601,187 1397,767 1,998,95

Page39

THE YORKSHIRE DANCE CENTRE TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDE{) 31 MARCH 2022

24. Analysis of net assets between funds (continued)

Analysis of net assets between funds • prior year

Analysis of net assets between funds • prioryear
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
£ £ £
Tangible fxed assets 14,482 643,953 658,435
Investment property 250,000 250,000
Current assets 874,060 263,809 1,137,869
Creditors due within one year (87,349) (87,349)
Provisions for liabilities and charges (184,298} (184,298)
Total 616,895 1,157,762 1,774,657

25. Reconttllation of net movement In funds to net cash flow from operating activities

2022 2021
£ £
Net income fr the year (as per Statement of Financial Activities) 224,297 277,522
Adustment fr:
Depreciation charges **5,873 ** 5,062
Room hire and rental income from investments (145,9n) (129,61)
Decrease/(increase) in debtors 164,415 (167,386}
lncrease/(decrease) In creditors 68,081 (3,944)
Interest receivable (1,748} (2,301)
Release_of_provision (184,298)
Net cash provied by/(used In) operating octl/les 130,63 (20,708)

Page 40

THE YORKSHIRE DANCE CENTRE TRUST (A Company Limited by Guarante )

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202

26. Analysis of cash and cash equivalents

cash Ir. hand nts Total cash and cash equhla

Z022 2021
£ £
1,177,739 905,618
1,177,739 905,618

27. Analysis of changes in net debt

At 1 April At31 March
2021 cash flows 2022
Cash at bank and in hand 905,618 272,121 1,177,739
905,618 272,121 1,177,739

28. capital commitments

At 31 March 2022 the company had no capital commitments (2021: £nil).

29. 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 £14,630 (2021: £12,790}. Contributions totaling £2,572 (2021: £2,029} were payable to the fund at the balance sheet date and are included in creditors.

Page41

THE YORKSHIRE DANCE CENTRE TRUST

(A Company �lmited by Guarantee)

N0TESTOTHE FINANCIAL STATEMENTS FOR THE-YEAR �NDED 3l MARCH 2022

3CJ, Operating lease commitments

At 31[March 2.022 the company had commitment$ to make future minimum lease payments under ] non­ cancellable operating leases as follows:

At 31March 2022 the company had commitment$ t
cancellable operating leases as follows:		 o make future minimum lease payments undernon­
2022 2021
£
Aunt-ayabl:
Within ,1 year 198 208
Between l and 5 year 198 198
396 406

31. Related party transactions

During the year, the charity paid fees totalling £nil (2021: £894) to B Cass,1ni; a trustee, in relation to Accelerate: Skins Development Lab, a development programme for early-career dance practitioners,

Fees of £hil (i021: £600) 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,

A meeting room was hired during the year by P Higgins, a tr1,1stee of the charity. The total Income received in relation to this was £178 (2021; £nil).

Page 42