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|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|||||
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|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|
##
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|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|
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||||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|
##
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##
|5
Investment
inc|o|me|||
|---|---|---|---|---|
||||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|
##
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|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|
##
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##
|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|
##
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##
|||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|
##