2021-03-31-accounts - Dance North

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 12
Independent Auditors'	Report	13to 15
Statement ofFinancial	Activities
Statement of Financial	Activities	17
Balance Sheet		18
Statement ofCash Flows
Notes to the Financial	Statements	20 to 35

Trustees						Ms A Cooper
						Ms KCrosbie
						Mrs R Israni
						Mrs SPaterson
						Mr A Robson
						J Elgie (appointed	23 March 2021)
						JA Hails (appointed		29June 2021)
						A Hope (appointed 29 TJ Petrides (appointed			June 2021) 29June 2021)
						K LTindall (appointed			29June 2021)
						Mr A Bairstow (resigned 28June 2021)
						Mr M Cockburn (resigned 15 June 2021)
						Mrs R Kay-Price (resigned 23 March				2021)
						Mrs KWilson (resigned			15June 2021)
Secretary						Mr I McKeown
Key Management			Personnel			I McKeown, Finance C Greener, Creative		Director and Joint CEO Producer
						P Douglas,
						A Bhatt, CEO
Principal		Office				Dance City Temple Street
						Newcastle upon Tyne
						NE1 4BR
Company		Registration			Number	02490618
Charity	Registration			Number		702801
Solicitors						Muckle LLP
						Time Central
						32 Gallowgate
						Newcastle upon Tyne
						Tyne and Wear
						NE1 4SN
Bankers						Barclays Bank pic
						Grey Street
						71 Grey Street
						Newcastle upon Tyne
						NE99 1JP
Auditor						MHA Tait Walker
						Chartered accountant			and statutory	auditor
						Bulman House
						Regent Centre
						Gosforth
						Newcastle upon Tyne
						NE3 3LS

Recognised	Gains	and	Losses)
					Total	Total
			Unrestricted	Restricted	2021	2020
		Note	6	6	F	6
Income and Endowments		from:
Donations and legacies		3	858,738	19,464	878,202	595,140
Charitable activities		4	168,702	191,810	360,512	1 007 776
Investment income		5	1,213		1,213
Other income		6	651,588		651,588	284,888
Total Income			1,680,241	211,274	1,891,515	1,887,804
Expenditure on: Raising funds Charitable activities Other expenditure		7 8 9	(6,919) (1,421,792)	(216,559)	(6,919) (1,638,351)	(66,754) (2,039,625) ~7„470
Total Expenditure Net income/(expenditure)			~7„420„717 251,530	~276,059 ~(5,285	~7,645,270 246,245	~2,707,409) ~279,605
Net movement in funds			251,530	(5,285)	246,245	(219,685)
Reconciliation of	funds
Total funds brought	forward		537,664	83,495	621,159	840,844
Total funds carried	forward	20	789,194	78,210	867,404	621,159

Recognised	Gains	and Lo	sses)
						Total
				Unrestricted	Restricted	2020
			Note	6		6
Income and Endowments		from:
Donations and legacies				559,655	35,485	595,140
Charitable activities				695,983	311,793	1,007,776
Other income				284,888		284,888
Total income				1,540,526	347,278	1,887,804
Expenditure on: Raising funds Charitable activities Other expenditure			7 8 8	(66,754) (1,652,765) ~1,110	(386,860)	(66,754) (2,039,625) ~1.110
Total expenditure				(1,720,629)	386,860	2,107,489)
Net expenditure Transfers between	funds			(180,103) 55,808	(39,582) ~55,808	(219,685)
Net movement in funds				(124,295)	(95,390)	(219,685)
Reconciliation of	funds
Total funds brought	forward			661,959	178,885	840,844
Total funds carried	fonvard		20	537,664	83,495	621,159

(Registration n Balance Sheet	umber: 02490618) as at 31 March 2021
			2021	2020
		Note		8
Fixed assets
Tangible assets		16	349,283	370,647
Current assets
Debtors		17	305,768	259,456
Cash at bank and in hand			633,923	345,965
			939,691	605,421
Creditors: Amounts	falling due within one year	i8	~(421,570	~354,90~
Net current assets			518,121	250,512
Net assets			867,404	621,159
Funds ofthe charity:
Restricted income funds
Restricted funds		20	78,210	83,495
Unrestricted income	funds
Unrestricted funds			789,194	537,664
Total funds		20	867,404	621,159

Statement ofCash Flows for t	he Ye	ar E	nded	31 March 20	21
				2021	2020
			Note		5
Cash flows from operating activities
Net cash income/(expenditure)				246,245	(219,685)
Adjustments to cash flows from non-cash	items
Depreciation			7, 9	55,804	62,235
Investment income			5	(1,213)
Loss on disposal of fixed assets held for the use	charity's	own			1,110
				300,836	(156,340)
Working capital adjustments (Increase)/decrease in debtors			17	(46,312)	41,327
Increase/(decrease) in creditors Increase/(decrease) in deferred income Net cash flows from operating activities			18	53,282 13,375 321,185	(2,778) ~52,474 ~170,20~)
Cash flows from investing activities
Interest receivable and similar income Purchase oftangible fixed assets Net cash flows from investing activities			5 16	1,213 ~134,440 ~33,227	~60,758) ~60,758
Net increase/(decrease) in cash and cash equivalents				287,958	(230,963)
Cash and cash equivalents at 1 April				345,965	576,928
Cash and cash equivalents at 31 March				633,923	345,965

			Unrestricted
			funds	Restricted	Total
			General	funds	2021
			8	E	r.
Donations and	legacies;
Donations from individuals			12,964		12,964
Grants, including capital grants; Grants from other charities			845,774	19,464	865,238
			858,738	19,464	878,202
			Unrestricted
			funds	Restncted	Total
			General	funds	2020
			E	6	E
Donations and legacies; Donations from individuals			10,798		10,798
Grants, including capital grants; Grants from other charities			548,857	35,485	584,342
			559,655	35,485	595,140
Grant income
				2021	2020
Access Reach Fund					19,550
Arts Council	England			564,047	553,857
Arts Council	England	Covid Recovery Fund		240,000
Catalyst Community Foundation Esmee Fairbairn				11,135	(5,000) 4,950 985
Esmee Fairbairn Covid Support				8,329
Newcastle Covid Business Support				41,227
Sir James Knott					10,000
Other				500
				865,238	584,342

Income from chadtable activities
	Unrestricted
	funds	Restricted	Total
	General	funds	2021
		6
Classes and workshops	30,550		30,550
Boxoffice	876		876
Training programme	132,794	191,810	324,604
Room hire	(176)		(176)
Rental income	2,615		2,615
Cafe income	2,043		2,043
	168702	19181D	36D,~12
	Unrestricted
	funds	Restricted	Total
	General	funds	2020
	6	6	6
Classes and workshops	346,548		346,548
Boxoffice	51,644		51,644
Training programme Room hire	167,633 2,260	311,793	479,426 2,260
Rental income	20,332		20,332
Cafe income	107,566		107,566
	895983	311,793	1,D07776

5 Investment inc
	Unrestricted
	funds	Total
	General	2021
Interest receivable and similar income; Interest receivable on bank deposits	1,213	1,213
	1,213	1,213
	Unrestricted
	funds	Total
	General	2020
		f.

6 Ot	her inc	ome
						Unrestricted
						funds	Total
						General	2021
							6
Other	income					336,787	336,787
Government		Grants - CJRS				314,801	314,801
						551,588	651,588
0th	I	I Id; ~ g	Mh, g llg, &M	~	dt
						Unrestricted
						funds	Total
						General	2020
							6
	i					888,888	284 888

8 Expe	nditure on charitable activiti	es
		Unrestricted
		funds	Restricted	Total
		General	funds	2021
			r	E
Classes Support	and workshops costs	347,684 1,074,108	154,291 62,268	501,975 1,136,376
		1,421,792	216,559	1,639,351
		Unrestricted
		funds	Restricted	Total
		General	funds	2020
		E	E	E
Classes Support	and workshops costs	611,803 1,040,962	283,834 103,026	895,637 1,143,988
		1,652,765	386,860	2,039,625

		Activity	Activity
		undertaken directly	support costs	2021
		E	E
Classes and Governance	workshops costs	501,975	1,127,856 8,520	1,629,831 8,520
		501,975	1,136,376	1,638,351

Notes to 2021	the Financial Sta	tements for the Year	Ended 31 M	arch
		Activity	Activity
		undertaken	support
		directly	costs	2020
			F	F
Classes and	workshops	895,637	1,135,468	2,031,105
Governance	costs		8,520	8,520
		895,637	1,143,988	2,039,625

9 Other expendi	ture
					Unrestricted
						Total	Total
					General	2021	2020
					6	8	F
Loss on disposal	oftangible		fixed assets				1,110
							1,110
10Analysis ofgovernance			and support costs
Support costs allocated to charitable				activities Governance costs	Support costs	Total 2021	Total 2020
						F
Staff costs					759,567	759,567	658,685
Premises costs					142,470	142,470	131,107
Communications	and	IT			24,605	24,605	16,141
General office					120,988	120,988	140,708
Human resources					6,440	6,440	23,922
Finance costs					6,656	6,656	31,026
Governance costs				8,520		8,520	8,520
Depreciation					55,804	55,804	62,235
Motor, travel and	accommodation				4,024	4,024	43,338
Technical costs and venue hire					4,088	4,088	13,030
Legal and professional		fees			3,214	3,214	15,276
				8,520	1,127,856	1,136,376	1,143,988

Governance	costs
				Unrestricted
				funds	Total
				General	2021
					8
Audit fees
Audit ofthe	financial	statements		6,500	6,500
Other fees	paid to auditors			2,020	2,020
				8,520	8,520
				Unrestricted
				funds	Total
				General	2020
Audit fees
Audit ofthe	financial	statements		6,500	6,500
Other fees	paid to auditors			2,020	2,020
				8,520	8,520
11 Net incoming/outgoing			resources
Net incoming/(outgoing)		resources for the year include:

			2021	2020
				8
Audit fees			6,500	6,500
Other non-audit	services		2,020	2,020
Loss on disposal offixed assets held for the charity's Depreciation offixed assets Pension contributions		own use	55,804 17,587	1,110 62,235 17,389

13Staff costs
The aggregate	payroll costs were as follows:
			2021	2020
			6
Staff costs during		the year were:
Wages and salaries Social security costs Pension costs			811,716 67,755 17,587	743,182 66,184 17,389
			897058	826755

14 Auditors' remuneration
	2021	2020
	5	5
Audit ofthe financial statements	6,500	6,500
Other fees to auditors All other non-audit services	2,020	2,020

16Tangible fixed assets
	Land and	Furniture and	Computer
	buildings E	equipment E	equipment F	Total E
Cost
At 1 April 2020 Additions	300,000	455,790 34,440	62,133	817,923 34,440
At 31 March 2021	300,000	490,230	62,133	852,363
Depreciation
At 1 April 2020 Charge for the year	157,894 15,789	230,580 37,240	58,802 2,775	447,276 55,804
At 31 March 2021	173,683	267,820	61 577	503080
Net book value
At 31 March 2021	126,317	222,410	556	349283
At 31 March 2020	142,106	225,210	3,331	370,647

17Debtors
	2021	2020
	F	F
Trade debtors	266,391	239,595
P repayments Other debtors	37,203 2,174	19,861
	305,768	259,456

18Credit	ors: amo	unts falling d	ue within one year
				2021	2020
					F
Trade creditors				22,146	5,088
Other taxation and		social security		24,190	22,875
Other creditors				4,270
Accru ala				54,930	24,291
Deferred	income			316,034	302,655
				421,570	354,909
				2021	2020
Deferred	income at 1 April 2020			302,655	355,069
Resources deferred Amounts released		in the period from previous	periods	316,034 ~302,655	302,655 ~355,069
Deferred	income at year end			316.034	302,655

20 Funds
		Balance at				Balance at
		1 April 2020	Incoming resources	Resources expended	Transfers	31 INarch 2021
		6		6	F
Unrestricted
General
General Fund		537,664	1,680,241	(1,428,711)	(160,000)	629,194
Designated
Funds SetAside Deficit	- Budget				~160.0tltl	~(16D,000
Total Unrestricted		(537,664)	(1,680,241)	1,428,711		(789,194)
Restricted
Esmee Fairbairn			11,135	(11,135)
Esmee Fairbairn	Covid
support grant			8,329	(8,329)
Centre for Advanced
Training Catalyst: Evolve		83,495	191810	(191810) ~5,285)		78,210
Total restricted		83,495	211,274	~216,550		78,210
Total funds		621,159	1,891,515	i),645,270)		867,404

		Unrestricted	Unrestricted
		General	Designated 6	Restricted 6	Total funds F
Tangible fixed assets Net current assets/(liabilities)		349,283 279,911	160,000	78,210	349,283 518121
Total net	assets	629,194	160,000	78,210	867,404
		Unrestricted
					Total funds
					at 31 March
		General	Designated	Restricted	2020
		F		F
Tangible fixed assets Net current assets/(liabilities)		370,647 167,017		83,495	370,647 250,512
Total net	assets	537,664		83,495	621,159

22 Analysis of ne	t funds
		At 1 April	Financing	At 31 March
		2020	cash flows	2021
				F
Cash at bank and	in hand	345,965	287,958	633,923
Net debt		345,965	287,958	633,923
		At 1 April	Financing	At 31 March
		2019	cash flows	2020
Cash at bank and	in hand	F. 576,928	F ~230,963	345,965
Net debt		676,928	~230,963	345,965