2022-03-31-accounts - Dance North

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Reference and Administrative Details	Reference and Administrative Details	1to2
Trustees' Report		3to 11
Independent Auditors'	Report	12to 14
Statement ofFinancial	Activities	15
Statement ofFinancial	Activities
Balance Sheet		17
Statement ofCash Flows		18
Notes to the Financial	Statements	19to 37

Trustees					Ms A Cooper (resigned	28	28	28	September	2021)	2021)
					Ms K Crosbie
					Mrs R Israni
					Mrs SPaterson
					Mr A Robson
					Ms J Elgie
					MrJA Hails (appointed		29		June 2021)
					Mr A Hope (appointed	29		June 2021)
					Ms TJ Petrides (appointed				29June 2021)
					Mr K L Tindall (appointed			29June 2021)
					Mr A Bairstow (resigned		28 June 2021)
					Mr M Cockburn (resigned			15June 2021)
					Mrs KWilson (resigned		15		June 2021)
					Ms SDewar (appointed		1	November		2021)
					Ms P Fox (appointed 28		September 2021)
Secretary					Ms K Crosbie
Key Management		Personnel			Mr I McKeown, Director Ms C Greener, Head of		of Finance (resigned 31 March 2022) Communications (resigned 21 July 2022)
					Mr P Douglas, Director				of Artistic		Programmes		&	Artistic
					Development (resigned		18		May 2022)
					Mr A Bhatt, Artistic Director				and CEO
					Ms AAnslow, Producer Ms H Kumar, Dance		Engagement				Coordinator		(resigned		16
					September 2022) Ms H Dean (appointed				20 June	2022),		Classes	and	Events
					Coordinator
					Ms G Kleiman, Head of		Higher Education
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 4BF
Bankers					Barclays Bank pic
					Grey Street
					71 Grey Street
					Newcastle upon Tyne
					NE99 1JP

Recognised	Gains	and	Losses)
					Total	Total
			Unrestricted	Restricted	2022	2021
		Note	6	E	E	6
Income and Endowments		from:
Donations and legacies			604,795	315,499	920,294	878,202
Charitable activities		4	328,896	510,478	839,374	360,512
Investment income		5				1,213
Other income		6	325,820	19,783	345,603	651,588
Total Income			1,259,511	845,760	2,105,271	1,891,515
Expenditure on: Raising funds Charitable activities		7 8	(29,030) ~1,369,808	(730,76D)	(29,030) ~(2, 100,568	(6,919) ~(1,638,351
Total Expenditure			~((,398,83~	~730,760)	~(2, 129,598	~(,645.270)
Net (expenditure)/income Transfers between funds			(139,327) 193,210	115,000 ~(93210	(24,327)	246,245
Net movement in funds			53,883	(78,210)	(24,327)	246,245
Reconciliation of	funds
Total funds brought	forward		789,194	78,210	867,404	621,159
Total funds carried	forward	21	843,077		843,077	867,404

Recognised	Gains	and Lo	sses)
						Total
				Unrestricted	Restricted	2021
			Note	K	F	6
Income and Endowments		from:
Donations and legacies				858,738	19,464	878,202
Charitable activities				168,702	191,810	360,512
Investment income				1,213		1,213
Other income				651,588		651,588
Total income				1,680,241	211,274	1,891,515
Expenditure on: Raising funds Charitable activities			7 8	(6,919) ~1,421,792	~216,559	(6,919) ~1638,351
Total expenditure				~1,428,711	216,559	1,645,270
Net income/(expenditure)				251,530	(5,285	246,245
Net movement in funds				251,530	(5,285)	246,245
Reconciliation of	funds
Total funds brought	forward			537,664	83,495	621,159
Total funds carried	forward		21	789,194	78,210	867,404

									2022	2021
								Note	F.
Fixed assets
Tangible assets								15	330,684	349,283
Investments								16	380,000
									710,684	349,283
Current assets
Debtors								17	337,335	305,768
Cash at bank		and in hand							429,139	633,923
									766,474	939,691
Creditors: Amounts			falling due		within one year			18	~399,429	~427, 570
Net current assets									367,045	518,121
Total assets	less current			liabilities					1,077,729	867,404
0 411:2		1	1g	05	tt	tg	7	19	~234,652
Net assets									343077	36,7,404
Funds ofthe		charity:
Restricted										78,210
Unrestricted		income	funds
Unrestdcted	funds								843,077	789,194
Total funds								21	843,077	867,404

Statement ofCash	Flows for t	he Year	Ended	31 March 20	22
				2022	2021
			Note	E	5
Cash flows from operating	activities
Net cash (expenditure)/income				(24 327)	246 245
Adjustments to cash flows	from non-cash	items
Depreciation Investment income			15 5	66,512	55,804 ~(1,213
				42,185	300,836
Working capital adjustments
Increase in debtors			17	(31,567)	(46,312)
Increase in creditors (Decrease)/increase in deferred income			18 19	10,011 ~53.3951	53,282 13,379
Net cash flows from operating	activities			32,767	321,185
Cash flows from investing	activities
Interest receivable and similar income					1,213
Purchase oftangible fixed assets Purchase ofinvestments			15 15	(47,913) ~380,000	(34,440)
Net cash flows from investing	activities			(427,913)	(33,227)
Cash flows from financing	activities
New loans and borrowings			18	255,896
Net (decrease)/increase in cash and cash equivalents				(204,784)	287,958
Cash and cash equivalents at 1 April				633,923	345,965
Cash and cash equivalents at 31 March				429,139	633,923

Depreciation and amorti	sation
Depreciation is provided estimated residual value,	on tangible fixed assets so as to over their expected useful economic	write off the cost or valuation, life as follows:	less any
Asset class		Depreciation method and rate
Leasehold property		Straight line over 19years
Furniture and equipment		15% - 20% reducing balance
Computer equipment		25% straight line

					Unrestricted
					funds	Restricted	Total
					General	funds	2022
					6	6	6
Donations and	legacies;
Donations from individuals					6,672	2,000	8,672
Grants, including capital		grants;
Government Grants from	grants other charities				598,123	84,336 229,163	84,336 827,286
					664,265	315,499	926,294
					Unrestncted
					funds	Restricted	Total
					General	funds	2021
					6	6
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
Grant income
						2022	2021
Arts Council	England					564,048	564,047
Arts Council	England	Covid Recovery Fund					240,000
Community	Foundation					24,500
Esmee Fairbairn						79,300	11,135
Esmee Fairbairn Covid Support							8,329
Kickstart Scheme (Government			Grant)			84,336
Music and Dance Scheme						15,401
Newcastle Covid Business Support						26,000	41,227
Northstar						115,000
Other						3,037	500
Total Grants (Including		Government		Grants)		911,622	86 ~ .238

Income from charitable activities
	Unrestricted
	funds	Restricted	Total
	General	funds	2022
	E	E	E
Classes and workshops	215,047	3,273	218,320
Boxoffice	34,757		34,757
Training programme		507,205	507,205
Room hire	3,488		3,488
Rental income	48,728		48,728
Cafe income	26,876		26,876
	328,896	510,478	839,374
	Unrestricted
	funds	Restricted	Total
	General	funds	2021
	E	E
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
	168,702	191,810	360512

5 Investment in	co	me
			Total	Total
			2022	2021
Interest receivable	and similar income;
Interest receivable		on bank deposits		1,213

6 Other inc	ome
		Unrestricted
		funds	Restricted	Total
		General	funds	2022
			5	6
Other income		311,409	19,783	331,192
Government	Grants -	CJRS 14,411		14,411
		325,820	19,783	345,603
Other income	includes;	Degree MA, College, & Merchandise income.

Other income	includes; Degree MA, College, & M	erchandise income.
		Unrestricted
		funds	Total
		General	2021
Other income		336,787	336,787
Government	Grants - CJRS	314,801	314,801
		651,588	651,588

a) Co	sts of	tradin	g activitie	s
								Unrestricted
								funds	Total
								General	2022
							Note	E	8
Other	direct	costs	of activities	for	generating	funds		29,030	29,030
								29,030	29,030
								Unrestricted
								funds	Total
								General	2021
							Note	K	r.
Other	direct	costs	of activities	for	generating	funds		6,919	6,919
								6,919	6,919

8 Expenditure on charitable activiti	es
	Unrestricted
	funds	Restricted	Total
	General f	funds 6	2022 6
Classes and workshops Support costs	759,367 610,441	446,987 283,773	1,206,354 894,214
	1,369,808	730,760	2,100,568
	Unrestricted
	funds	Restricted	Total
	General	funds	2021
		8	8
Classes and workshops Supporicosts	347,684 1,074,108	154,291 62,268	501,975 1,136,376
	1,421,792	216,559	1,638,351

		Activity	Activity
		undertaken	support
		directly	costs	2022
		8	F
Classes and	workshops	1,206,354	885,294	2,091,648
Governance	costs		8,920	8,920
		1,206,354	894,214	2,100,568

Notes to 2022	the Financial Sta	tements for the Year	Ended 31 M	arch
		Activity	Activity
		undertaken	support
		directly f	costs	2021
Classes and	workshops	501,975	1,127,856	1,629,831
Governance	costs		8,520	8,520
		501,975	1,136,376	1,638,351

9 Analysis of governance and supp	9 Analysis of governance and supp	9 Analysis of governance and supp	9 Analysis of governance and supp	ort costs
Support costs allocated to charitable				activities Governance costs	Support costs	Total 2022	Total 2021
				6		6
Staff costs					463,274	463,274	759,567
Premises costs					170,799	170,799	142,470
Communications	and	IT			36,951	36,951	24,605
General office					94,327	94,327	120,988
Human resources							6,440
Finance costs					7,639	7,639	6,656
Governance costs				8,920		8,920	8,520
Depreciation					62,002	62,002	55,804
Motor, travel and	accommodation				4,690	4,690	4,024
Technical costs and venue			hire		2,761	2,761	4,088
Legal and professional		fees			42,851	42,851	3,214
				2,f222	885,294	894,214	1,136,376

Governance costs
	Unrestricted
	funds	Total
	General	2022
	E	E
Audit fees
Audit ofthe financial statements	7,000	7,000
Other fees paid to auditors	1,920	1,920
	8,920	8,920
	Unrestricted
	funds	Total
	General	2021
	E	E
Audit fees
Audit ofthe financial statements	6,500	6,500
Other fees paid to auditors	2,020	2,020
	8,520	8,520

		2022	2021
		E	E
Audit fees		7,000	6,500
Other non-audit	services	1,920	2,020
Depreciation offixed assets Pension contributions		66,512 18,635	55,804 17,587

12Staff costs The aggregate payroll costs were as follows:
	2022	2021
	6	6
Staffcosts during the year were: Wages and salaries	1,094,436	811,716
Social security costs Pension costs	73,069 18685	67,755 17,587
	1,186,140	887,05~

The monthly charity during	average number of persons (including the year:	senior management tea	m) emp	loyed by	the
		2022		2021
		No		No
Administration	and finance staff		39		23
Artistic staff			33		63
			72		86

13 Auditors' remuneration
	2022	2021
	6	6
Audit ofthe financial statements	7,000	6,500
Other fees to auditors
All other non-audit services	1,920	2,020

15Tangible fixed assets
	Land and	Furniture and	Computer
	buildings	equipment	equipment	Total
	r.	8		r.
Cost
At 1 April 2021	300,000	490,230	62,133	852,363
Additions Transfers		5,508 ~49,3341	42,405 49,334	47,913
At 31 March 2022	300,000	446,404	153,872	900,276
Depreciation
At 1 April 2021	173,683	267,820	61,577	503,080
Charge for the year Transfers	15,791	28,879 ~t ~,319	21,842 10,319	66,512
At 31 March 2022	189,474	286,380	93,738	569,592
Net book value
At 31 March 2022	110,526	160,024	60,134	330,684
At 31 March 2021	126,317	222,410	556	349,283

16Fixed as	set investments	2022 f. 380000
Investment	properties	,
Investment	properties
		Investment
		properties
Cost or Valuation
Additions		380,000
Provision
At 31 March	2022

17Debtors
			2022	2021
			r.	E
Trade debtors			305,902	266,391
Prepayments Other debtors			21,984 9,449	37,203 2,174
			337,335	305,768
Included in Trade Debtors is a provision	for doubtful	debts totalling E17,748 (2021:rNil)

18Credi	tors:	amo	unts falling	due within one year
					2022	2021
					E	E
Trade creditors					48,755	22,146
Otherloans					21,244
Other taxation		and	social security		24,499	24,190
Other creditors					13,774	4,270
Accruals					28,519	54,930
Deferred	income				262,638	316034
					399,429	421,570
Creditors	includes		the following	liabilities:
						2022
Amounts	due within		one year			21,243
Amounts	due between 1-2 years					21,243
Amounts	due between 2-5 years					77,889
Amounts	due	in more than 5years				135,521
						255,896

			2022	2021
			E	E
Deferred	income at 1 April 2021		316,034	302,655
Resources deferred in the pediod Amounts released from previous		periods	246,638 ~(3D0,034	316,034 ~302,655
Deferred	income at year end		262,636	316,034

21 Funds
		Balance at				Balance at
		1 April 2021 6	Incoming resources 6	Resources expended E	Transfers r.	31 March 2022 6
Unrestricted
General
General Fund		629,194	1,259,511	(1,398,838)	353,210	843,077
Designated
Funds Set Deficit	Aside - Budget	160000			160000
Total Unrestricted		789,194	1,259511	~1,398838)	193210	843077
Restricted
Esmee Fairbairn			86,783	(86,783)
Centre for	Advanced
Training			525,841	(525,841)
Catalyst: Evolve		78,210			(78,210)
Community	Foundation		19,500	(19,500)
Nexus Co			8,300	(8,300)
Thrift Co			4,000	(4,000)
Kickstart			84,336	(84,336)
Donors Northstar			2,000 115,000	(2,000)	~11~.000)
Total restricted		78210	845760	~(730760	~193210
Total funds		867404	2,105271	~2, )29,598)		843,077

				Unrestricted
					Total funds
					at 31 March
				General f	2022 K
Tangible	fixed assets			330,684	330,684
Fixed asset investments				380,000	380,000
Net current assets/(liabilities) Creditors over 1 year				367,045 ~(234,652	367,045 ~234„652
Total net	assets			843,077	843,077
		Unrestricted
					Total funds
					at 31 INarch
		General	Designated	Restricted	2021
			6
Tangible fixed assets Net current assets/(liabilities)		349,283 279911	160,000	78,210	349,283 518 121
Total net	assets	629,194	160,000	78,210	867,404

23Analysis of ne	t funds
		At 1 April	Financing	At 31 March
		2021	cash flows	2022
		6
Cash at bank and	in hand	633,923	(204,784)	429,139
Other loans due within one year Other loans due after more than one year			(21,244) (2~,652(	(21,244) ~234,652
Net funds		633,323	~46tl,680)	173,243
		At 1 April	Financing	At 31 March
		2020	cash flows	2021
			6	6
Cash at bank and	in hand	345,965	287,958	633,923
Net funds		345,965	287,958	633,923