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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|
##
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##
|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|||||||||||
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|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|
##
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##
|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|
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|Depreciation
and amorti|sation|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||
##
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##
||||||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|
##