Charity registration number 701624 Company registration number 02319572 (England and Wales) THE YORKSHIRE DANCE CENTRE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11 ADIAo0KO 1911212024 COMPANIES HOUSE A09
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THE YORKSHIRE DANCE CENTRE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Y De Nardo G W Mccaig M Maynard D J Harradine P H Monles De OGa M O Hollander M Gibson J Hall R Coram (Appointed 23 May 2024) (Appointed 23 May 2024) (Appoinled 28 Seplember 2024) Secretary Mr B Sharma (Resigned 06 September 2023) Chlef executlve officer W Eringa H Robertshaw (Resigned 31 July 2022) (Appointed interim CEO 01 August 2022) (Appointed joint CEO 01 April 2023) (Appointed lolnt CEO 09 May 2023. resigned 31 September 2024) (Appointed joint CEO 01 May 20241 H Robertshaw J Singleton J Hawkes Charlty number 701624 Company number 02319572 Reg18tered offlce 3 Sl. Peters Buildings Sl. Peters Square Leeds LS9 8AH Auditor Henlon & Co LLP Northgate 118 North Street Leeds England LS2 7PN
THE YORKSHIRE DANCE CENTRE TRUST CONTENTS Paga Trustees. report Independent auditor's report 12-14 Statement of financial activities 15-16 Balance sheet 17 Statement of cash tlows 18 Notes to the financial statements 19-33
THE YORKSHIRE DANCE CENTRE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and finaneial statements for the year ended 31 March 2024. The directors of the charitable company (the charity) are its trusle8s for the purpose of charity law and Ihroughout this report are collectively referred to as the Board Of Trustees. Their responsibilities include all the responsibilities of directors under the Companies Act and of trustees under the Charities Act. The financial statements have been prepared in ardan with the accounting policies set out in note 110 the financial slalemenls and comply with the charitable company's Articles of Association, the Companies Acl 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their arxounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Objectlves and actlvltl•8 Our Purpose and Activities Yorkshire Dance {'YD') works through dance lo create happiness, health, connection and change. YO'S charitable objects are.. • lo promote the education of the public in Yorkshire in the appreciation and understandlng of the art of dance. We do so by 5UPPOrting artist development, inclusive participalory practice, leadership and infrnstmctur8 development and bringing people together. In shaping our objectives for the year and planning our activities. the Trustees have considered the Charity Commission's guidance on public benefit. Achlevements and perfomiance Significant activities and achievements 8gainst obiecfvves Main achievements the company We contlnued lo cèment our reputation for co-creating hlgh-quality artistic work wilh communities through the developmenl of Epic Everyday. This full-lenglh piece, co-crealed by TC Howard and Company of People, featured cast aged 12 10 86, performing beauliful duels, solos and ensembles, showcasing their lives through poetry, dance and photography. Epic Everyday, premiered at Leeds Playhouse and was performed at Iwo international festivals- Boulevard Festival (Nelherfandsl and Gender Bender Festival {Ilaly). Through European partnership project, Performing Gender, we presented research from Universlty of Bologna into co-creation and re¢ommendalion8 to policy makers al the European Parliament in Bru55els. Revlew actlvltles We hosted fvio Encounters Festivals. engaging over 1,900 people in workshops, performances, and film screenings. Supported by Leeds 2023, we facililaled Iwo international residencies, collaborating with performance companies from Slovenia and the Netherlands. successfully secured National Lottery Reaching Communities funding to continue our Dance On project, engaging over 450 older adulls across 24 weekly sessions in Leeds and Bradford. Through our In Mature Company programme. we continued to evidence the impact of dance in care sellings using Demenlia Care MappingTM and developed a new training programme to empower Gare stsff Io ¢idopi creative approaches. Our commitment to youth dance was exemplffied through our Saturday Superslars programme, Youth Dance Company and annual FRESH festival. Our Leaps and Bounds programme, for adults with leaming disabililies, engaged over 100 participants culminating in a performance al Expressions at the Stanley and Audrey Burton Theatre, in Leeds. Amid these artistlc achievements, we addressed operational and financial challenges, Conducting a full finanoal review and making signifiGant adjustments to ensure financial slabilty while protecting our programmes.
THE YORKSHIRE DANCE CENTRE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Supportlng artlsts and artistic practice One of our four strategic objectives is to increase opportunities for artists lo develop their practice. leadership and sustainability of careers. Our scratch night, No Dress Code proirided opportuniti85 for Ella Mesma and Akeim Toussaint Buck, Joshua Haigh and Flora to show works-in-progress to a live audience. 57 artists from across Yorkshire benefitted from 34 residencies and 8 sharings of woik-in-progress for an invited audience to offer feedback. "Whilst undortaking the regidency I was helped to do some practlcal thlngs wlth setting up the space and a180 documentlng what I was dolng, whlch was so helpful as I was on my own. I really didn't expect thls kind of support. It really does exceed a sort of "room" offer. It's really so much more if you want to engage with IL" - Artist In resldence Our Artist Development Producer provided 52 one-ttrone advice sessions for 28 Individual Yorkshif&based artists and companies including Sandrine Monin. Azizi Cole, Gerard Headley, Joshua Haigh, Shambik Ghose, Vanessa Grasse and Zoe Katsilerou. Through our Dance Partner Projects we Invested significantly in Bakani Pick-up's Stran e Clouds and Alicia Meehan's offering residency space, producer sUPPOrt and a commis5i0n. A Ihird Dance Partner Project, Seein in Colour by Jem Clancy and Charlotte Jones was commissioned through our ongoing partnership with TIN Arts, supporting talenl development for artisls wilh a learning disability or who are autistic. We invested in the research and development of new work by TC Howard. supported by Izzy Brittain, Kale Cox and Bakani Pick-up. and Yorkshire Dance's Company ol People. The full-lenglh work ELLEy2rth was performed in Leeds, The Netherlands and Italy. "It was deeply touching. The p8rf0rn)ance of Company of People, I cried from minute 2 till the end. I loved 8teing them again... the way you work, your generoslty, your care towards the people, the community, us, Is 80 Insplrlng. Every tlme I come to you, It feels Ilko home." Agne• Gréllnger, Hungarlan vl8ltlng artlat. Through our partnership with Leeds 2023 Year of Culture, we hosted residencies with Jija Sohn (the Nelherlands), Agnes Grélinger (Hungary), connecling local people lo acdaimed international artists. We also supported Dutc Geman artist Katja Heitmann, lo develop a new work C RPUS as part of her Molus Mori archive. We facilitated open workshops to recruit a MmUnitY cast from Leeds, which resulted in a presentation at Leeds Art Gallery. We offered Producer supported to Gracefool Collective lo engage an all-female intergenerational community casl lo perform in their new work. Kick Off was performed in Leeds at Park Square and celebrated the dynamism and skill of women's football and ils link to the history of women's protest and activism. As part of national project 'Llttle Big Dance,, we supported the research and presentation of by Xenia Aidonopoulou, a new work aimed al early years children. Skydiver was performed at our Children & Their Grown Ups Encounters festival to a Gaptivaled audience of1>5 year olds.
THE YORKSHIRE DANCE CENTRE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Skills Developement We offered profèssional development workshops through our Dance On, In Mature Company and Youth Company programmes, promoting skills exchange befvleen independent dance artists. Learning from Dance On fed into Ihe development of a national toolkit which highlights research and best practice recommendations for developing dance programmes wilh older adults. "Dance On provldes practical peer support and skill sharing through CPD opportunities. alongslde developing robust communities between artists and older dancers. A recènt research project focusing on artists, experience of working for Dance On showed that we developed a strong emotional investment in the programme, and I can personalty vouch for th18." Izzy Brlttaln. Dance On ArtlsL Our Dance Transports Programme conduded with a 2-day CPD workshop In Bradford. bringing together 12 independent dance artists to share expertise in community dance pradice around 4 themes.. people, roles. artistry and resilience. We embedded skills development workshops and talks for artists within our Encounters programme. Taking Spa with Laura Kumin brought together a panel including Jo Fong, Dee Rogers and Izzy Brittain lo discuss coproduction, power and identity. Landing on Feathers with intemational visiting artist Jija Sohn, explored the ethics of care in creative spaces. "Jlla Sohn Introduced thg ••mo conc•rns a• those we worn already worklng wlth but th18 tlme wlth touch...Thl8 workshop transfomied the group and the way we all related to each other, lust Queer, Black and People of Colour holding each other through care, to sit with someone else lor a moment, with no judgement or expectatlon. just to experience togethemess., BakanF Pick.Up, Dance On Artist. Brlnglng People Togelhér Our strategic aim is lo increase opportunities that stlmulate meaningful and enriching encounters beeen artists, organisalions and communities. creating new insights, connections and broadening perspectives. Encounters Dancin in Your Shoes Festival In July, with support from Leeds 2023 and Creative Europe, we hosted an Encounters Festival, lo share and elebrale work created through European partnership project, Performing Gender.. Dancing in Your Shoes. This 2-day festival welcomed communities and partners from Slovenia, The Netherlands, Hungary and Spain lo unite with our local communities, artists and audiences. Three headlSne performances Ci>created by Performing Gender artisls and international communitles Included B First We Are Goin lo E81 by Community ol 's-Hertogenbosch. Theaterfestival Boulevard, Nobod Whistles more by City of Women Community from Ljubljana, Slovenia and E by TC Howard and Company of People, from Chapellown and Harehills in Leeds. Encounters fealured workshops with Pèrfomiing Gender artists Jija Sohn and Agnes Grélinger and Unsolved, a workshop exploring difference, with Jo Fong and Dee Rogers. A panel talk led by Laura Kumin invited artists to discuss CreatiOn. Our film screening brought new perspectives on gender from across Europe. Across the feslival an audience of 526 attended workshops, perfomances and talks, including new book6rs who had never attended a Yorkshire Dance event before. "What an amazing experience this weekend wasl I can't thank you enough for your hospitality and care. The group and me felt really at home and enjoyed all the moments with the other communities, the YD crew and makers. I think everybody Is still proGessing the lovely encounters on and off stage." Coralie den Adel, guest from Holland. "Quite wonderful. thought provoking* engaging and full of life altogether mashed up. More please!!¥l Audience member
THE YORKSHIRE DANCE CENTRE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 nte Children & Their Grown U In October, 300 people attended Children & Their Grown Ups Festival, whlch was aimed at our youngest audierbce members (aged 11 years). This Encounters brought together 8 artists and companies with hvo headline performances.. by Xenia Aidonopoulou (commissioned through Little Big Dance) and Get L sl by Joe Garbett Dance. Gel Lost was also performed offsite at Leeds City Museum as part of a double bill with our Saturday Superstars group TEMPO. Audiences enjoyed 3 range of workshops indudlng Inlo th8 Sky,. Tots & their Grown Ups with Loulse McDowell and Alex Mettam, Kar8ok8 & Danc8 with Lewys Holt, Draw a DanGe wrth Cbloxx and a Company ol People workshop with TC Howard. "I had a wonderful tlm•. Tha "Get Lo•f show wa8 Supèr Int•ractlve, lun and ongaglng. my 8on wa8 mesmerised and he is only 6 month oldl The show was also great for adults too, I really enjoyed it and found it so creative and hilarious. Just 10 out of 10 the whole experience" "We loved thls experfenca. My thrne year old 80n generally hasn't enjoyed Indoor perfomiances but was rlveted for the entlre 3S mlnutes of thls show- almost didn't seem to bllnk. I really appreclated the blend of physicality, affection and silliness in the movement and thought that these were great, and relativety unusual, male role models for my son." "Loved 8e•lng my d•ughter's reactlon to her flrst Iheatre experlence" "My little boy absolutely loved the workshop and was beamlng throughouL He had lots of attentlon from all the staff and was really dellghted to see so many friendty faces." Audlencè membèrn Maklng work with communities This year marked the final year of the Perfomiing Gender, Dancing in Your Shoes project and culminated in a European touring exchange and a presentation in the European Parliament in Brussels. Company of People, our community performance company aged 12 - 86 years co-created a new work, E Eve under the expert artistic leadership of TC Howard. with support from Izzy Brittain, Kate Cox and Bakani Pick-up. Epic Everyday premiered on the main stage at Leeds Playhouse bèfore touring to Boulevard Festival in the Netherlands and Gender Bender Festival in Ilaly. "The 21st edition of Gender Bender ha8 just ended and we want to thank you from the bottom of our hearts for your valuable presence at the festival. Your work was much loved by our audience and allowed us to realize a festival as we want it to be: an open and participating space of sharing and dialogue with the whole city. Please, send a deep thanks to all of Company of People., Dantele Del Pozzo, Gender Bender F•8tlval. 29 weekly Company of People workshops took place in Chapeltown, engaging 23 people in creative movement sessions which promoted self-expression, joy and logelherness. "l think this project is the best project that we've been in and because of what's been happening today we are a together people helping each other, ensuring we are enjoying It and nobody is being left out or marginalised and so ivs an enormous project, it's an amazing place to come, we love it. from the people on this project to behind the SGenes at Yorkshlre Dance." Company of People member
THE YORKSHIRE DANCE CENTRE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 3.Pa IA One of our four strategic objectives is lo increase equitable access to dance, for those people who face barriers. that promotes social engagement. health and wellbeing and cultural benefits. Older eo Dance On Our Dance On programme, continued to engage 465 older adufts each week through 24 communrty-based dance sessions located in areas of high so¢ioé¢onomi¢ deprivation in Leeds and Bradford. This year new sessions were established in Bierley in Bradford. We brought Dance On participants together throughout the year for celebration moments including Christmas parties in Leeds and Bradford, a flash-mob Style perfomiance al the Broadway Shopping Centre for International Women's Day and a Boogie-wonderland lebratiOn at Leeds Playhouse. The programm8 contlnued to demonstrate significant impact in the improvement of the health and wellbeing of older adults. "I feel a lot better since taking part in the class. I had a Bypass a couple of year ago but since taking part, I have been abl? to feel a lot better. It helps me to do lots more walking too." Dance On participant, Sumangal Group "My husband passed away June year belorn last and Ild onty recently moved here. I went along to one of the sessions and that was It. I was hooked. It was just a great place to aclually enjoy yourself. Everybody just made you feel so welcorne. I thoroughly enloyed the Boogie Wonderland. It did wonders for my confidence. Perfomiing outslde... From that day, l just thought, 'No, come on, you've got this, you can do It., It's Ilke escapism for an hour, you know, particularly on dlfficult days. It's veryi very good therapy." Danc• On partlclpanl Shlpley In Mature Com an Our In Mature Company dance and music sessions in dementia care homes engaged 94 residents. The programme evidenced the impact of creative movement sessions on clinical outcomes using Dementia Care Mapping Across the year we delivered 77 sessions in 9 residential care homes and recovery hubs. In addition, we delivered 33 weeks of online inleraclive creative sessions, inviting over 115 residents from 17 care home across the City lo dance, sing and move togeth8r. Our In Mature Company Zoom sessions were featured in The Arts and Culture Digital Inclusion NeOrk'S Arts in Care Homes Week 2023, which championed online creativty across Leeds. This year In Mature Company expanded lo encompass training lo encourage care staff to incorporate creativity within day-to-day care. "Slnce the tralnlngi w• have h•ld a Yorkshlre Dance 8tyle 8e881on every Monday where we u8ed the wamiup. cool-down. massage, 1-1 mirror dance & other improvisation techniques that you taught us. These sessions have proved very effective for the residents and we have received very good feedback from famlly members & residents. It has been very good to learn about different movements for joint mobility and the residents really enjoy coming to these sessions that the activity Staff run- thank you." Care Home worker. TM "They make me feel Importanf. '1 feel ready to gol I Ilka to slng along" . Resldent "Initialty I thoughL l cannot dancel Then I got more and more involved. I get out of breath a lot. moving helps with my breathing."
THE YORKSHIRE DANCE CENTRE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 People with Leaming disabilities Lea s & Bounds Our four Leaps & Bounds groups, funded by Aspire CBS, welcomed 112 participants from community bases. which support adults wilh moderate to profound learning disabilities in Leeds. Participants attended 98 weekly dance sessions. Sessions supported physical activity, prevention of worsening health conditions as well as supporting wellbeing by providing an opportunity to meet with friends from olhei community bases and to enjoy taking part in a regular creative activity. In addition to weekly sessions, our participants shared their work at Aspire's annual Picnic in Ihe Park 2023 and at Expressions indusive dance platform al the Stanley and Audrey Burton Theatre. '1 enjoy Leaps & Bounds sesslons because we dance to dlfferènt mu8le and celebrate dlfferent culture•. Specially I loved showing Diwali light festival dance. In Leaps & Bounds we are all friends and have fun together." Hemant Leaps & Bounds Chil n&Y We continued to work wllh young people In Leeds through Ihe popular Saturday Superslars programme offering weekly Ballet, Rhythm & Tap, Pop Fusion, Street Style and Parents & Tots classes for 300 young people from across Leeds. Our TEMPO street crew developed their skills and confidence performing at FRESH 2024, Leeds City Museum as part of Children & Their Grown Ups Festival, Amplify Arts festival al CAPA College and at Victoria Gate as part of the Leeds Piano trall. "Our whole famity came to parents and tots class which gave my daughter confidence to attend ballet on our own. We loved dancing together as a family." "Seeing my ordinarily very shy child feel not only confident but eager to leave me and run up8talr8 to clas8. She 8ettled 80 quickly and har confldence ha8 grown ma881vely." - Saturday Superstsrs Parents Our annual Youth Dance Festival, FRESH 2024 took place al Cast in Doncaster. An audience of 417 watched 2 pèrfomiances by 21 youth companies and 4 screendance presentations, 305 young people look part in artist-led workshops throughoul the day giving them the opportunity lo learn a variety of new dance styles including repertoire from Gary Clarke Company, martial art and contemporary techniques led by Akeim Toussaint-8uck and choreography from Pierre Lafeyette-marsh, Jemma Mae and the National Youth Dance Company. Workshops provided creative inspiration and enhanced young people's understanding of talent development pathways. "It was brilliant to be able to try different styles and genres of dance that I haven't tried or even considered before. Being with the other dance schools spurred us on and gave us the inspiration to try new things" FRESH perfornier "Young people's enloyment, enthu81asm, motlvatlon - support for each other. Fanta8tiGI" . FRESH Audlence member "Seeing the transforniation of our dancers. They often feel on the periphery, not given the opportunities but they always feel so welcomed Into FRESH and leave feellng great about themselves and proud of Ihelr achievements." . FRESH group leader Our Youth Company for ages 11-18 based in Seacroft held weekly dance sessions which improved the confidence, self-esteem and emotional wellbeing of 42 young people. As part of Leeds 2023 Youth Company members performed al We Art Seacroft feslival and in December the group united with TEMPO and Leeds City College lor special Christmas sharing at Yorkshire Dance, enabling the young people to meet peers from elsewhere in the cily and feel inspired. "[Coming to dance class] makes me feel like, I can actually do something." "When I'm at dance I feel Ilstened to. It's fun and It make8 me feel part of a team." - Youth Company members
THE YORKSHIRE DANCE CENTRE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Sector Develo ment One of our strategic objectives is lo develop networks, resources and cross-seclor partnerships in order to increase dance opportunities and nurture innovation across the region and beyond. In 2023-24 the Regional Dance Development NeOrk (RDDN) continued to work collectively to develop ihe regional plafform FRESH and Iwo SUregiOnal youth dance showcases in Hull and Scunthorpe that provided progression for youth dance groups into FRESH. A third showGase took place in Leeds in collaboration with Leeds 2023 Year of Culture and the Yorkshire Schools Dance Festival, engaging 535 pupils from schools and community dance groups around Leeds. Our Artist Advisory Group supported the development of our Annual Artist Gathering. In 2023 we partnered a National AHRC Research Project 'Future Ecologies of Danc% Producing, to host their inaugural event, which brought together 20 local ind8pend8nt dance artists in dialogue with natlonal researchers and sector partners. Strdte Ic national relationshi We continued our leadership of Danc* in the North. a nebhtork group of organisations who invest in independent artisls and their developmenl. Our commitment lo the strategic development of work with older adults led to the establishment of a nalional network of partners who are committed to building capacity around the development, ambilion and quality of dance for older adults. Incr•a88d Investment In danc• During the year we worked with local partners across the region to levèr increased investment in dance and dancers. 20 artistsl companies received fundraising support generating over £90,00 for dance in the region. Flnanclal révlew ReseeS policy Yorkshire Dance is a registered charity which raises funds to spend on activities and capilal inveslmenls that further ils charitable aims. As slated in its Memorandum and Articles of Association {3h), il has the power to invest the monies of the charity not imrnedialely reqUId for Ihe furtherance of ils alms. Resenies Policy The Trustees recognise the stalus of the company as a not-for-profit organisation and take care lo avoid carrying unnecessarily high levels of reserves. However, the Trustees are of the view that Yorkshire Dance should relain a sufficient level of reserves to sustain overheads and basic operations {slaffing, adminislralion) for a period of six months. The charity seeks to produce the best financial relum within an acceptable level of risk. As assets are expected to be spent over the short lo medium term, capital preservation and liquidity are priorities.
THE YORKSHIRE DANCE CENTRE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Total funds held at 31 March 2024 were £1,673,142 of which £1,042,132 was within restricted funds. The unrestricted funds stood al £631,009 (of which £206,000 has been designated lo specific projects). The unreslricted free reserves were £383.649 which equates to approximately 5.4 months. total running costs for the charity. The board acknowledges that designated funds are unreserved and can be released to ensure that 6 month running costs (£425.852) are maintained as per the company free reseeS policy. thin Ihis unrestricted general fund, Trustees made no additional allocation lo the designated Building Fund. Therefore, the building fund remains al £193,500, to cover unplanned emergency repairs and in anlicipatlon of significant increased investment requirements in order to support the lulure capital aspirations of the charity. The development fund has been maintained at £12,500. The development fund is lo support planned future research and devélopment in the artistic programme and partnerships during 2023124 and in the future. The Trustees. having regard to the liquidity requirements of operating the charity, have kept available fijnds in range of interest-bearing deposit accxjunts and seek lo achieve a fale on deposit which matches or exceeds inllation as measured by the relail prices index. The Trustees b81i8ve it is prudenl lo ensure Ihal Ihere are sufficienl free reserves to provide financial flexibillly. This is largely owing lo the economic uncertainty due lo other macroscopic issues at present {compelitive fundraising landscape. ongoing cost of living crisis, standstill core funding for a sustained period etc.). Oetails of the financial performance of the Charity for the year ended 31 March 2024 are contained in the attached financial statements. Trustees remain confident in the resilience of Yorkshire Dance due to a strong reserves position, which will enable the organisation lo continue operating in 2025126, despite fang an anlicipaled managed deficit in 2024125. Yorkshire Dance has taken miligaling actions induding renegotiating project delivery plans with funding partners, maximising commercial income and significantly reducing expenditure which has reduced the defidt level in 2024125. Yorkshire Dance continues to be supported by its principal lunders, Leeds City Council and Arts Council England, at stsndstill funding levels for the next year. Furthermore, Yofkshire Dance continues lo diversify and grow ils income streams through partnerships with the public and commercial sectors. In addition, the charity remains committed to ils full-lime fundraising role to drive forward the long-lerm fundraising strategy for the Charty. Trustees are updated quarterly in ordèr to assess any risks that may arise due lo potential loss of funding income. Plans for future periods 2024125 sèes the second year of a &year funding cycle with Yorkshire Dance's Core funders, Arts Council England as part of their National Portfolio Organisalion (NPO). Arts Council England have taken the decision lo extend the NPO funding into a fourth year, providing Yorkshire Dance with confirmed funding until 2027. Alongside Arts Council England and Leeds City Council, confirmed future opportunities include a pilol project lo explore a working with people living with demenlia in the community, supported by Leeds Older Peoples Forum, the continuation of Dance On supported by National Lottery Reaching Communities, a commission from Bradford 2025 City of Culture to develop a performance work with older adults, a 3-year partnership with Tin Arts to support artist development with artists with a learning disability or who are aulislic, continuation of the In Mature Company programme supported by Leeds NHS and continuation of Yorkshire Dance Youth supported by Wades Charity, Jimbos Fund, Hayes Travel. Charles and Elsie Sykes Trust and the Edgar Lawley Foundation. We are further actively developing fundraising around Company of People and our artist development programme. Through dance activism we will f¢XUS on the visibility of older people and talent development of artists wilh a learning disability or who are autistic. Via project funding applications, the organisalion continues to pursue its ambitions around ¢apital development, wilh studio availability for artists, need to improve earned income through office space and responding to the climate emergency the main faclors. Going concem After making appropriale enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operalional existence lor the foreseeable future. For this reason, they continue lo adopt the going concem basis in preparing the financial statements. Further details regarding the adoptlon ol the going concem basis can be found in the Accounting Policies.
THE YORKSHIRE DANCE CENTRE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure. governance and management Yorkshire Dance Centre Trust operates as Yorkshire Dance. The charitable company is a company limited by guarantee and is govemed by the company's Memorandum and Articles of Association dated 21 November 1988. It Is a registered charity number 701624. Yowkshire Dance is governed by a Board of Trustees which meet regularly as a full Board and Finance & HR sub- committees. The constitution of the Charity is tntaIned in the Memorandum and Articles ofAssocialion. The trustees, who are also the difectors for Ihe purpose of rA)mpany law, and who served during the year and up to the date of signature of the financial slalements were.. B Cassani (Resigned 30 November 2023) Y De Nardo G W Mccalg M Maynard M S Hudson D J Harradine P H Monles De Oca M O Hollander J Milbum S Selby M Gibson J Hall R Coram (Resigned 22 February 2024) (Resigned 22 February 2024) (Appointed 25 May 2023 and resigned 28 September 2024) (Appointed 23 May 2024) (Appointed 23 May 2024) (Appointed 28 September 2024) Recmilment and appoinlmént oftmsle8S 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 extemal and intemal advertising and personal recommendations fmm existing Board members and senior management stsff. The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum ofAssociation. A Risk Register outlining major risks is reviewed and updaied by the Executive Director quarterly. This is presented lo the Trustees al the Finance & HR sub-committee and full board level to ensure that procAdures are established ta manage those identified risks. The Trustees gratefully acknowledge the contribution rnade to Yorkshir8 Dance's work during the year by its volunteers. The Trustees and Executive have carried oul a detailed assessment of the risks which the charity could be exposed to. The likelihood and severity of both internal and exlernal risks were assessed, and a comprehensive nsk analysis compiled. This document also details the systems which have been pul in place lo mitigate these risks and is reviewed at quarterty intenials as part of the rolling agenda of the Board of Truslees.
THE YORKSHIRE DANCE CENTRE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Governance In 23124 Hannah Robertshaw (Creative Director) and Jon Singleton {Director of Strategic Development and Partnerships) co-lead the organisation from May 2023, finalising a successful move from a single lo a co-leadership model. The co-leaders of Yorkshire Dance are supported by a board of directors arKI their chair, Mark Hollander. The organisalion further continues to diversify ils board and monrtors the skillset available by recruiting new Iru51ees with legal expertise. In line with best practices, the organisation also works with auditors, Henlons LLP, after a long association with BHP LLP. The organisation thanks BHP LLP for their assistance over the last years. Statement of trustees. responsibilities The Iruslees, who are also the dlrectors of The Yorkshire Dance Centre Trust for the purpose of company law, are responsible for preparing the Trustees. Report and Ihe financial slalaments in accordance with applicable law and Unrted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling Practice). Cornpany Law requires the Iruslees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the IncomSng resources and appllcalion of resources, induding the income and expenditure. of the chaTitabl8 company for that year. In preparing Ihese financial slalemen15. the trustees are required to.. select suitable accounting policies and Ihen apply them consistently-, - observe the methods and principles in the Charities SORP., make ludgemenls and estimates thal are reasonable and prudent., stale whether appllcable UK Accounting Standards have been followed, subject to any material departures dssdosed and explained in the financial statements.. and prepare the financial slalefflents on Ihe golng concA8rn basis unless il is Inappropriate to presume that the charitsble company will rA)ntinue in operation. The twslees are responsible for keeping adequate accounting records that disdose with reasonable accuracy al any time the financial p05ilion of the charitable company and enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor In accordance with the company's articles. a resolution, proposing that Henton & Co LLP be reappointp.d as auditor ofthe company will be put at a General Meeting. Small Company This report has been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small cMpanIes. 10-
THE YORKSHIRE DANCE CENTRE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The INstses' report was approved by the Board ofTnJstee$. M O Hollander Tru•t•• S Dec£mber 2024 11
THE YORKSHIRE DANCE CENTRE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE YORKSHIRE DANCE CENTRE TRUST Opinion We have audited the financial statements of The Yorkshire Dance Cenlre Trusl (the 'charitable company,) for the year ended 31 March 2024 which comprise the slalement of financial activities, the balance sheet, the slalemenl of cash flows and notes to the finanual slalemenls, Including 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 opinlon, the financlal statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Arxounting Praclice; and have been prepared in accordance with the requirements of the Companies Act 2006. Ba81s for oplnlon We conducted our audit in accy)rdance with International Standards on Auditing (UK) <ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilili85 lor the audit of the financial statements SÈGtion of our report. We are independent of the charitable company in acrdanCe with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Slandard, and we have fulfilled our other ethical responsibilities in accA)rdance with these requirements. We believe that the audit evidence we have obtained is suffici8nt and appropriate lo provide a basis for our opinion. Conclu8ion8 relatlng to golng concern In auditing the financial statements, we have concluded that the Irustees, 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 Urertainl1es relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability lo continue as a going concem for a period of al least hvelve monlhs from when Ihe financial statements are authorised for issue. Our responsibilities and the responsibilltles of the trustees wlth respect lo going concern are described in the relevant sections of this report. Other Infomiatlon The other information comprises the information included in the annual report other than the financial statements and our audrtorfs report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the finanaal statements does not cover the other information and we do not express any fomi of assurance condusion Ihereon. Our responsibility is to read the other information and, in doing so, CA)nsider whether Ihe other information is materially inconsistent with the finanrial slalements or our knowledge obtained In the course of the audit, or olhenvise appears lo be materially misslaled. If we identify such material InconsisteneS or apparent material misstatements, we are required lo deiem)ine whether this gives rise lo a material misstatement in Ihe financial slalemenls themselves. If, based on the work we have performed, we condude that Ihere is a material misstalemenl of this other information, we are required lo report Ihat fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing lo report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. the information given in the financial ststemenls is inconsistent in any material respect with the trustees, report,. or sufficient accounting recKJrds have not been kept; or the financial slalements are not in agreement with the accounting records; or we have not received all the informalion and explanations we require for our audrt. 12-
THE YORKSHIRE DANCE CENTRE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE YORKSHIRE DANCE CENTRE TRUST Responsibillt6es of trustees As explained more fully in the slatement of trustees. responsibilities, the trustees, who are also the directors of Ihe charitable company for the purpose 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 thè trustees determine is necessary lo enable the preparation of financial statements that are free from material misstalemenl, whelher due lo fraud or error. In preparing the financial slalemenls, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related lo going concem and using the going concern basis of accounting unless the Iruslees either intend to liquidate the charitable company or lo cease operations, or have no realistic allemalive bul lo do so. Auditorfs respon8lbllltie8 for the audit of the financial statements We have been appointed as auditor under section 144 of the Charilies Acl 2011 and port in accordance wrth Ihe Act and relevant regulations made or having effect thereunder. Our objecliv8s are lo obtain reasonable assurance about whether the financial stalemenls as a whole are free from material misstatement, whether due to fraud or error, and to Issue an audilorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conduGled in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misslatemenls can arise from fraud or error and are considered material if, individually or in Ihe aggregate, Ihey could rèasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Reviewed the nature of the industry and sector, the control environment and business performance for the year. Identlfylng the laws and regulalions the company operales within and enquirlng with management if they are awa of any non compliance issues. Discussed how and where fraud may occur with all members of the audit engagement team. In line with all audils under ISAS (UIQ we were required to perform les15 to respond lo the risk ol management override. We tested Ihe appropriateness of journal entries, evaluated the judgements made for accounting estimates lo assess if any blas, and assessed the rationale behind any significant or unusual transactions. A further description of our responsibilities is available on the Financial Reporting Council's website at.. httPS.'II wMw.frc.oro.uklauditorsresponsibililies. This descriplion fomis part of our audllorfs report. Use of our report This report is made solely to the charivs trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we mighl slate lo the charity's trustees Ihose matters we are required lo slate lo them in an audrtorfs report and for no olher purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charty and the charty's Iruslees as a body, for our audit work, for this report, or for the opinions we have fomied. 13-
THE YORKSHIRE DANCE CENTRE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE YORKSHIRE DANCE CENTRE TRUST Chris Howitt (Senior Ststutory Auditor for and on behalf of Henton & Co LLP S December 2024 Chartered Accountants ststutory Auditor Northgale 118 North Street Leeds England LS2 7PN Henton & Co LLP is eligible for appointment as auditor of Ihe chaTltable company by vlrtue of its ellglbllity for appointment as auditor of a company under section 1212 of the Companies Act 2006. 14-
THE YORKSHIRE DANCE CENTRE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current financial year Unrestricted funds 2024 Restricted funds 2024 Total Total 2024 2023 Note• Income and endowments from: Donations and legacies Charitable activities Other trading activities Invèstments Other income 385,701 69,547 2.924 201,233 267,631 653,332 69,547 2,924 201,233 703,187 38,098 1,956 168,861 5,809 Total incorne 659,405 267,631 927,036 917,911 Expenditure on: Raising funds Charitable activilies 218,220 438,855 218,220 879.467 169,383 903,690 440,612 Tolal expendlture 857,075 440,612 1,097,687 1,073,073 Net incomel{expenditure) 2,330 (172,981) (170.651) (155,162) Nat movement In funds 10 2,330 (172,981) (170,651) (155,162) Reconcillatlon of funds: Fund balanc£s at 1 April 2023 628,679 1,215,113 1,843,792 1,998,954 Fund balances at 31 March 2024 631,009 1,042,132 1,673.141 1,843,792 The statement of financial activities indudes all gains and losses recognlsed in Ihe year. All income and expenditu derive from continuing activities. The notes on pages 19 to 33 form part of these finanual stalemenls. 15-
THE YORKSHIRE DANCE CENTRE TRUST STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Priorfinancial year Unrestricted funds 2023 Restricted funds 2023 Totsl 2023 Nota8 Income and endowments from.. Donations and legacies Charitable activities Olher trading activilies Investments Other income 383.807 38,098 1,956 168,861 5,809 319,380 703.187 38,098 1,956 168,861 5,809 Total Income 598,531 319,380 917,911 Expendittsre on: Raising funds Charitable activities 169,383 544,986 169,383 903,690 358,704 Tolal •xpendlture 714,369 358,704 1,073.073 Net income (115,838) (39,3241 (155.162) Transfers bebNeen funds 143,330 (143,330) Net movement In funda 10 27,492 (182,654) (155.162) Reconciliation of funds: Fund balanrks at 1 April 2022 601,187 1,397.767 1,998,954 Fund balances at 31 March 2023 628,679 1,215,113 1,843.792 16-
THE YORKSHIRE DANCE CENTRE TRUST BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notss Fixed assets Tangible assels Investment property 14 15 685,314 250,000 660,792 250,000 935,314 910,792 Current assets Debtors Cash al bank and in hand 18 80,535 793,511 77,704 942.935 874,046 1,020,639 Credltorn: Amount• falllng duo wlthSn one year 17 (136,219) (87,639) Not current a•set8 737,827 933,000 Total assets less current liabilities 1,673,141 1.843,792 The funds of the charitsble company Restricled income funds Unrestricted fund5 19 20 1,042,132 631,009 1,215,113 628,679 1,673,141 1,843,792 The notes on pages 19 to 33 form part of these financial statements. The company Is entitled lo the exemption from the audlt requlrement conlained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. although an audit has been carried out under section 144 of the Charities Act2011. The Trustees acknowledge their responslbllitles for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The Trustees have nol required the company to obtaln an audit of ils financial slatements under the requlrements of the Companies Act 2006, for the year in question in accordance wrth section 476. These financial statements have been prepared in accordance with the promsions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on S December 2024 M O Hollander Trustee Company registration number 02319572 (England and Wales) 17-
THE YORKSHIRE DANCE CENTRE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notss Cash flows from operating activities Cash absorbed by operations 24 (314,124) (396,267) Investing activities Purchase of tangible fixed assets Investment incA)me received {38,5331 201,233 (7,398) 168,861 Net eash generated from investlng activities 164,700 161,463 Net ca$h used In Ilnanclng activities Net decrease In cash and cash equivalents (149,424) 1234,804) Cash and cash equivalents at beginning of year 942,935 1,177.739 Cash and cash equivalents at •nd of year 793,511 942,935 The notes on pages 19 to 33 form part of these financial statements. 18-
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity Infomiation The Yorkshire Dance Centre Trust is a private company limited by guarantee incorporated in England and Wales. In the event of the company being wond up, the liability in respect of the guarantee is limited lo £1 per member of Ihe company. The regislered office is 3 Sl. Peters Buildings, St. Peters Square, Leeds, LS9 8AH, 1.1 Accounting convention The finanaal statements have been prepared in accordance with the charitable compan$ governing documents, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. {"FRS 102,1 and the Charitles SORP "Accounting and Reporting by Charilies.. Statement of Recommended Practice applicable to charities preparing their accounts in accordanc£ with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102. The financial slalements are prepared in slerfing, which is the functional currency of the charitable company. Monetary amounts in these financial slalemenls are rounded lo the nearest £. The financial stalemenls have been prepared under the historical cost o)nvention. The principal accounting policies adopted are set out below. 1.2 Golng concern Al the lime of approving the financial statements. the trustees have a reasonable expectation that th8 charitable company has adequate resources to ¢onlinue in operalional existence for the foreseeable future. Thus the trustees continue to adopi the going concem basis of accounting in preparing the financial statements. 1.3 Charltablg fund• General fijnds are unrestricted fijnds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have nol been designated for other purposes. Unreslricted funds jMproMise accumulated surpluses and deficits on general funds. Unreslricled funds include a revaluation reserve representing the reslalerTienl of inveslment assets al market value of £175.800 (2023- £175,800). Designated funds comprise unrestricted funds thal 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. Restrided funds are fvnds whi¢h are lo be used in accordance wilh specific reslrictions 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 sel out in the notes to Ihe financial slatements. 1A Income Income is recognised when Ihe charitable company is legally entitled to il after any perfomiance conditions have been met, the amounls can be measured reliably, and it is probable that income will be received. The following specific policies are applied to partiCLJlar categories of income: Investment income is Included when receivable Income from charitable Irading activity is arxounted for when earned. Income from grants, where related lo performance and specific deliverables, are acunted for as the charity earns the right lo consideration by its performance 19-
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policlea (Continued) Voluntary income comprises of grant income that provides core funding or is of a general nature. Such inrne is recognised in the accounts when the charity is legally entilled to the income and the amount can be quantified with reasonable accuracy. Other trading activities indude commercial trading aclivilies, such as the sale of refreshments al events and festivals. Such income Is recognised as the related goods and services provided. Income from charitable actiknfjties indudes the receipts from classes and workshops organised by the charity together with income from feslivals, events and projects. Such income is recognised when the services are provided. In addition, it also includes granl inrJ)me which does not form part of the core funding of the charity in accordance with SORP 2015. Such income is recognised in the accx)unts on the same basis as grant income calegorised as voluntary income. Grants are induded in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes bul 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. 1.6 Expendlture Expenditure is aCCunted for an on accrual basis and alloralad lo th8 appropriat8 heading in the accounts. Charitable expenditure enable Ihe charity to meet ils charitable aims and objectives. Each heading of exp8nditure indudes direct and support costs attributable lo each aclivty. Support costs are those costs which enable fund generating and charitable activities lo be undertaken. They have been allocated to each activity costs category on a basis consistent wlth the use of resources, for example allocating property costs by floor area, staff costs by time spent and other costs by their usage. Costs of generaling funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Governance costs are those incurred in connection wlth adrninislralion of the company and Complian with conslilutional and slalutory requirements. Charitable activities and governance costs are cosls incurred on the company's operations, including support costs and costs relaling to the governance of Ihe MpanY apportioned lo charitable activities. Expenditure on raising funds includes all expenditure incurred by the company lo raise fijnds for its charitable purposes and indudes costs of all fundraising aclivities events and non-charitable trading. Expendilure on charitable activities is incurred on directly undertaking the activities which further the Charitable company's objectives, as well as any associated support costs. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold property Plant and machinery not currently depreciated 200A straight line 20-
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles (Continued) The galn or loss arising on the disposal of an asset is determined as the difference belween the sale proceeds and the carrying value of the ass81. and is recognised in the slalernent of financial adiwties. The freehold property has been valued significanlty higher than net book value and thereforè the directors have taken the view that depreciation should not be charged for this property. 1.7 Investment property Investment property, which Is property held lo eam rentals andlor for capital appreciation. is initlally recognised al cost. which indudes the purchase cost and any directly attributable expenditure. Subsequenlly il is measured at fair value al the ieporting end date. The surplus or deficit on revaluation is recognised in Profit or loss. 1.8 Cash and cash equlvalont• Cash and cash equivalents include cash In hand, deposits held at call with banks, other short-temi liquid investments with original maluTilies ol three monlhs or less, and bank overdrafts. 8ank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal instruments The charitable company has elecled to apply the provisions of Section 11 'Basic Financlal Instruments, and Section 12 '01her Financial Instruments Issues, of FRS 102 lo all of ils financial instruments. Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is alegally enforceable right to set off the recognised amounts and theie Is an intention to settle on a nel basis'or to realise the asset and settle the liability simullaneously. Basic financiafiassets Basic financial assets, which include debtors and cash and bank balarKes, are measured at transaction price, Baslc Ilnanclal Ilabllltles Basic financial liabilities, including creditors and bank loans are reGogni$ed at transadion price. Debl instruments are subsequently Carried at amortised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are Classified as current liabilities if payment is due within one year or less. If not. they are presenled as non-current Ilabililies. Trade creditors are recognised initially at transaclion price and subsequently measured at amortised cost using the effective Interest melliod. 1.10 Employee benefits The cnst of any unused holiday entitlement is recognised in the period in whlch the employee's services are received. Termination benefits are recognised immediately as an expense when Ihe charitable company is demonstrably committed lo terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments lo defined contributlon retirement benefit schemes are charged as an expense as they fall due. 21
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estlmates and judgements In the application of Ihe chanlable company's accounting policies, the twslees are required lo make judgements. estimates and assumptions about the carrying afflounl of assets ar)d liabilities that are not readily apparent from other sources. The estimates and assouated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of thè revision and future periods where the revision affects both current and future periods. Critical judgements Valuatlon ol Investment property Valuation of inveslmenl property may have a material impact on the accounts. Professional valuations are sought lo ensure that the properties are included al fair value. Accrued and deferred Incomè Accrued and deferred income are dassed as a signifiGqnt eslimale. Inrne Is recognised when the charity has entillemenl lo the fvnds, any performance conditions attached to the ilem(s) of income have been met. it is probable that income will be received and the amount can be measured reliably. Allocallon of support CO8t8 It 15 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 reslricled funds. The allocalion is regularfy reviewed to ensure allocation is in line with the funding agreements. Income from donation8 and legacies Unrestrlcted Restricted funds fund8 2024 2024 Totsl Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and glfts Grants 2,912 382,789 2,912 650,420 1,018 382,789 1,018 702.169 267,631 319,380 385,701 267,631 653,332 383,807 319,380 703,187 Donations and gifts Other Sources 2,912 2,912 1,018 1,018 2,912 2,912 1,018 1,018 -22-
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies (Continued) Unrestricted Restricted fund8 funds 2024 2024 Total Unrestricted Restricted fund8 funds 2023 2023 Total 2024 2023 Grants Leeds City Council Arts Council England Company of People Performing Gender Active Ageing The Talent Hub Yorkshire Dance Youth South Yorkshire Hubs Leaps & Bounds Other 51,000 331,789 51,000 331,789 60.757 61,835 76,372 11,500 5,120 28,614 23,433 51,000 331.789 51.000 331.789 45,667 36,150 106.830 35,000 37,400 15.440 28,107 14,786 60.757 61,835 76,372 11,500 5,120 28,614 23,433 45,667 36,150 106.830 35,000 37,400 15,440 28,107 14,786 382,789 267,631 650,420 382,789 319,380 702,169 Charltsbl• a¢tlvltle8 Unrestricted Unrestricted funds funds 2024 2023 Fee income from weekty dasses Box office income Artist services and prolecl management Other income from charitable activities 41,746 2,264 12,942 12.595 17.382 17,911 2,805 69,547 38,098 Income from other trading actlvitles Unrestricted Unrestricted funds fund8 2024 2023 Refreshment and merchandise 2,924 1.956 -23-
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from investments Unre$tri¢ted Unrestricted fund8 fund8 2024 2023 Rental income Other inoime Interest receivable 91,008 94,093 16,132 81,441 82,724 4.6 201,233 168,861 -24-
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Raising funds Unrestricted Unrestricted funds funds 2024 2023 Fundraisin and ublici Direct Staff Costs Costs of goods sold Support costs 85.132 255 132,833 53.370 1,872 114,141 218,220 169,383 -25-
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR fME YEAR ENDED 31 MARCH 2024 Ch•rftsbl• wct1v1 8upp¢rti P•rtl¢lp•tory R•gloh•l and artl•ls pMgrimm• knd d•v•lopment and •d¥ocacy and other •dvo¢&¢y lttlvlty 2024 1024 Totsl 2024 Supportlng P*rtl¢lpitory R•glon41 Ind •rtl•tspro9rammg and dIpM•t and advocacy •nd oth•r •dvoc•cy lctlvlty 2023 Totsl 202J 2024 2023 2023 St8ff COGIS Art181k davolopmenl and wofosslonil Pfogiamme Parfiapalion progr8mm8 Weekly cla55e5 ROgnl dan d8v•lopmenl 110,065 150,OBO 17,015 277.160 B8.868 109,628 39.885 248,601 96,707 98.707 117.750 21,731 31,521 137.239 137,239 212,202 117.750 21.731 212,202 31,S21 8,862 8,862 2,772 289.561 48,538 544.869 236.127 322,030 48.547 6Ce,704 sr) of $upport cosls IM• notè 91 sr8 of govornanEe costs (see nol• 91 117,620 9,357 164.713 13.103 27.609 2.198 309,942 24,8S6 I£,727 6.834 12S.554 15.013 38.047 8.811 2e8,326 30,656 333.749 487.377 78.341 879.467 345.668 462.597 95.405 903,890 An•ly•l• by fvftd Unre&lrKted lunds Reslricled funds 194.944 138.805 196,590 270,781 47,315 31,026 438,855 440,612 199,186 14e,502 250.395 212.202 95,405 544,986 358,704 333.749 467,377 78,341 879.467 345,6e8 462.597 95,405 J3.690 -26.
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support Costs allocatèd to aetlvltle8 Supporting artists and advocacy 2024 Total 2023 Staff costs Depreciation Premises costs Office running costs Marketing Other costs Governance 198,023 12,011 178,552 29,738 20,795 3,656 24,656 191,355 5,415 59,230 75,542 20.941 27.986 30,658 467.431 411,127 2024 2023 Governance costs comprise: Staff costs Audit fees Legal and professional Accountancy fees Tru51ee expenses 6.833 10,000 8,598 5.013 214 9,000 6,428 6,995 2,233 24,656 30,658 10 Net movement in fundg 2024 2023 The net movement In funds is stated after chargin91(¢rediling)'. Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 9,000 12,011 10,000 5,415 11 Trustees None of the trustees (or any persons connected with them) recenied any remuneration or benefits from the charitable company during the year. -27-
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employees The average monthly number of efflployees during Ihe year was: 2024 Number 2023 Number Raising funds Charitable activities Supoprt acliviles 21 23 Total 30 30 Employment costs 2024 2023 Wages and salarles Social security cst5 Other pension cost5 495,875 30,004 12,507 421,213 35,895 13,118 538,386 470,226 The Iruslees did not receive any remuneration during the year (2023.. £nil). Expenses totalling £nil have been reimbursed to trustees for the cost of attending meeting5 in the year (2023.. £nil). Key management personnel of the charity comprise the Trustees, the Artisti¢ Director, Programmes Director and the Executive Director. The tolal employee benefits of the key management personnel of the charity were £131,310 (2023.. £134,257). There were no employees whose annual remuneration was more than £60,000. 13 Taxatlon The charity is exempt from laxalion on its aclivilies because all its income is applied for charitable purposes. -28-
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Tangible fixed assets Freehold prnrty Plant and MhIn•ry Total Cost At 1 April 2023 Addilions 1,174,091 165,250 1,339,341 36,533 36,533 At 31 March 2024 1,174,091 201,783 1,375,874 Depreclation and Impalrm•nt Al 1 April 2023 DepreGialion charged In the year 530.138 148,411 12,011 678,549 12,011 Al 31 March 2024 530.138 160,422 690,560 Carying amount At 31 March 2024 643,953 41,361 685,314 At 31 March 2023 643,953 16,839 660,792 The freehold property is valued at CA)sl less accumulated depreciation. Due lo a recent valuation setting the Value of the property at £2,159,400, which is significanlty higher than the nel book value. the directors have taken the view that no depreclatlon should be charged for this property. 15 Investment propety 2024 Fair value Al 1 April 2023 and 31 March 2024 250,000 The fair value of the investment propety has been arrived al on the basis of a valuation carried out in February 2022 by Carter Towler Chartered Surveyors, who are not connected with the charitable rnpany. 2024 2023 Freehold 250,000 250,000 -29-
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Debtors 2024 2023 Amounts falllng due wlthln one year: Trade debtors Olher debtors Prepayments and accrued income 30,796 242 49,497 29,474 48,230 80,535 77,704 17 Credltors.. amounts falllng due wlthin one year 2024 2023 Other taxation and social securty Trade creditors Other creditors Accruals and deferred income 21,384 31,146 9,029 74,660 28,747 24.660 7,938 26,294 136,219 87,639 18 R•tlr•m•nt benèfit 8ehem•a 2024 2023 Defined contrfbullon schemes Charge lo profil or loss in respecl of defined contributlon schemes 12,507 13,118 The charitable company operates a defined contribution pension scheme for all qualifylng employees. The assets of the scheme are held separately from those of the charitable company in an independent administered fund. 19 Restrlcted funds The reslricled funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2023 Incoming Resources re8ource8 expended Transfers At 31 March 2024 Building fund Artist development Early years Participatory practice 893,954 30,363 3,308 287,488 893,954 23,238 3,308 121,632 162,706 (169,831) 104,925 (270,781) 1,215,113 267,631 (440,612) 1,042,132 -30-
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Restrlcted funds {Continued) Previous year: At 1 April 2022 Incoming resources Resources expended Transfers At 31 March 2023 Building fund Leeds City Council Artist development Early years Participatory practice Cultural recovery fund Kickstart programme 893,954 71,372 4,408 3,308 352,167 31,516 41,042 893,954 (71,372) 171,857 {145,902) 30,363 3,308 287,488 147,523 (212,202) 1600) (30,916) (41,042) 1.397,767 319,380 358,704 (143,330) 1,215,113 The reslricled building fund relates lo grants received from Leeds City Council and the Nallonal Lottery to fund the purchase of the propety 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, Artistic developmeDI- Supporting art151s' talent and skills development and developing new Work. Early Years - Increasing provision of dance engagement work for early years children. Participatory praclice The development of and engagement with indusive dance and developing the knowledg& of excellent participatory practice. 20 Unrestricted fund$ The unrestricted funds of the charily comprise the unexpended balances of donations and granls whlch ar8 not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricled funds by the trustees for specific purposes. At 1 Aprll 2023 Incomlng resources Resource3 expended Trnnsfers At 31 March 2024 Freehold property improvemenl Development fund General funds 193,500 12,500 422,679 193,500 12,500 425,009 659,405 (657,075) 628,679 659,405 (657,075) 631,009 -31-
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Unrestrictsd funds (Continued) Previous year: At l April 2022 Incoming resources Resources expended Transfers At 31 March 2023 Freehold property improvement Development fund Juncture festival fund General funds 193,500 12,500 6,000 389,187 193,500 12,500 (6,000) 149,330 598,531 (714.369) 422,679 601,187 598,531 714,369 143,330 628,679 Freehold property improvefflenl - Funds that the board has committed lo spending over Ihe nex1 few years to bring in expertise regarding capital aspirations. Development fund - Surplus revgnue and is made available lo the Artistic Dirèctor. 21 Analy8ls of net a8set8 belween funds Unrestrlctsd funds 2024 R•8trlcted fund8 2024 Total 2024 At 31 March 2024: Tangible assets Investment properties Current asselsllliabililies) 41,360 643,954 250,000 148,178 685,314 2SO,000 737,827 589,649 631.009 1,042,132 1,673,141 Unrestricted funds 2023 Re8trfcted lunds 2023 Total 2023 At 31 March 2023: Tangible assets Investment properties Current assetsllliabilities) 16,839 643.953 250,000 321,160 660,792 250,000 933,000 611,840 628.679 1.215,113 1,843,792 -32-
THE YORKSHIRE DANCE CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Operating lease commitments Lessee Al 31 March 2024 the Company had future minimum lease payments under non-cancellable operating leases as follows.. 2024 2023 Wrthin one year Behveen Iwo and five years 198 198 396 23 Related party transactions There are no related party transacllons (2023£nil). 24 Cash generated from operations 2024 2023 Deficit for the year {170,651) (155,162) Adjustments for.. Investment income recognised in statemenl of financial activities Depreciation and impairment ol tangible fixed a55ets (201,233) 12,011 (168,861) 5,415 Movemenls in working capital: (Increase) in debtors Increasel(dettease) in crèdltors ' (2,831) 48,$80 (9,868) (67,791) Ca8h absorbed by operations (314,124) (396,267) 25 Analysis of changes In net funds The charitable company had no material debt during the year. -33-