Charity registration number 7028011England and Wal0$1 Company registralion number 02490618 DANCE NORTH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
DANCE NORTH LEGAL AND ADMINISTRATIVE INFORMATION Truslees MS L Turner-swift Ms S Dewar Mr M Ross M5 C MGMurchie M$ S Marland MrA kk)pe {Apwinted 1 May 2025) Secrelary MrA 8hatt Key Management P•r8onno1 MrA Bhatt Dr G Kleinan Ms C Johns Ms A Denlith CEO Artistic Director Head of Higher Education Execultve Director Senior Markeling Manager Charity numbèr 702801 Company number 02418 Rggi¥ter•d offlce Da Ctty Temple Streel Newcastle upon Tyne NE14BR Auditor RobsM Laidler Ac£wntsnts Limrted Femwood House Femwood Road Jesmond Newcastle upon Tyne Tyne and We England NE2 1TJ Bankers Bardays Bank p 71 Grey Slreet Newcastle upon Tyne NE99 1JP Solicitors Muckle LLP Time Central 32 Gallowgale Newcastle upon Tyne NE1 4BF
DANCE NORTH CONTENTS Page TTUStees' report Independent audiiorfs report 9-11 Slalemenl of financial activities 12-13 Balance sheel 14 Slalemenl of cash flows 15 Notes to the financ4al slaternenls 16-28
DANCE NORTH TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees present their annual report and finanoal stalents frs the year erKled 31 March 2025. The financial stalements have been prepared in accordance wsth ihe accounting poIleS set out in note 1 lo the financial statements and comF4y with Ihe tharily's governing document, the Companies Acl 2006. FRS 102 "The Financial Reporting Standard app.cable in the UK and Republic of Ireland. and the Charilies SORP "Accounbng and Reporting by Charities. Statement of Recnrnnnded Practice applicable lo CharItS preparin9 their accounts in accordan with the Financial Rep)rting Slandard applicable in the UK and Republ of Ireland (FRS 102)". Objg¢tivos and actfvltles Objects and ainis The charity is governed by ils constitution and ils main obje1Ve is thal of promotv)g. mainlaining, improving and educating by Ihe eno)uragemenl of the arts induding dance. drama arKI MUSK. Fundraisi disclosurgs The charity is required lo report how il deals with lundraising from the putlic. The charity has wothed in this year with a employed Pfofessional fundraer from the period of Aprl 2024 to March 2025 to develop a grant pipeline from foundations and trusts. Any MOnS raised direct from the public follows al guideline$ sel out by the Charity Commission and UK law in every respect. We respect the prtvacy and contact prelerences of all public dorK)rs. PUbr benefil The trustees confim) thal they have corn.ed Ythh Ihe requirements of sethon 17 of the Charities Act 2011 to have due regard lo the public benefrt guanCe published by the Charity ccffimissi for England and Wale5. Achievgmonts and perfomiance Sigiiiffcant activifr'os and achiev8nienls ag&nsl Ob1Ve& Dano City's primawy chantablè objeclive is that of Pfomoting. mataInIng. improving and educating by the encouragement of Ihe arts Ihrough da, drama, nyjsic and other arlforn)s. Our mison is to make gfeat dance experiences possible. Dance City is catalyst, Gonvenor, and creator of excellent dance and movement experiences ffom the North East, for the North East and beyond. We act as a home and Incubator for artists, a place where partiupanls and audnceS can experience dance and a place fcw students (induding participants of non-accrediled learning) to leam and creale. Dance City is not a building, Dance City has a building beyond our base in Newcastle we work acros5 the North East, including TeeSde. lo deliver t)ui aGlivities and prr)grammes. In partnership wilh our stakeholders and funders. Dance City has been acaive in delivering our programmes supporting the three cornefstones Klents'fied in our LMJsiness n. Arts Leaming Heatth have a lifelong learning offer in dance. and we have been engaging with colleagues to identify how distinct strands of Work dehvered by our programmes w work with one another to engage more people in dance. In 2025, Dance City clebrate5 its fortieth anniversary. The or9anisalion has plans for a series of events and initiatives lo mark this fflileslone. In 2*25 Dance City was successful in its application lo National Lottery Hentage Fund lo support the develowient of an archive and explore the heritage of Ihfee dance foTm5 in the North Easl includin9 Ballet. Breakn'n. and Folk Oance. It ts inlended to pave the way for further explorats'on of dance henlage the region. Our fortieth year will mark the launch of our 40 Million Minutes CampawJn. Our pledge lo deliver 40 Million Minutes of dance beeen our fortieth and fi"th"eth 1verSar1e5. Along with It a fundrain9 endeavour of £4million lo Secure Ihe future of dance for the North East.
DANCE NORTH TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The outlook for publicly funded dance is slill difficuft. 24-25 was another yeaf where Dance City Iraded a deficit position. The organisalion's delivery in Higher Education Programmes in Dance in partnership with Universily ot Sundetland will close Summer 2026. GCSE and A-Level dance lake up al schools has essentially fallen by half since 2010 meaniny a narrowng of the pipeline applying lo dance courses in Hgher Education. The org8nisalion also received In year funding cuts for the Centre for Advanced Training. However, the business plan calls for a pivol In the bUeSS model, and new eamed income will become more central to ensure we are H resih.ent organisats"on. Dan City launched The Seven Bndges world kitchen in collaboration with West End Refugee Service. A number of new theatre hire5 and privale hires in our studio have offered new ways lor Dance Cily lo brir¥J new people into the I¥'1ding, and new dialogues what Gan be possible by working with these new groups. Higher Educallon Desprte SnIficant thallenges faring the HE sector nalionaly around dano educatn. our Higher Education work in partnership with University of Sunderland conlinues lo prowde StjentS with relevant and ifflpactful undergraduate provision. In summer 2024, 9 students graduated with BA (Hons) award. Of those. 4 achieved a 1 &1 Class Award. 4 achieved a 2..1 Award. and 1 achieved 8 2..2 Award. Student5 worked with a range of artists including Ballet Cymru. and Gillian Dickinson Trust commisNonees, Pelican Theatre, to create andloi presenl new work. September 2024 saw delivefy of Ihe BA Pfogfamme Irevalidated the year prior) equip studen15 with a portfolio of practical, reflective and professK)nal skills, and opportunilies for en9a9ement with live perfomiance, collaborative prqect working. and experience in industry contexts. CAT Dance Crty's CAT part of Ihe Department for Educalion s (DEI Music ar Dance Scheme offering dance trHiiiing for young people, a9ed 10-18. Means lesled grants afe available so affordability is not a barrier lo taking part. Dance City also supports families with tuition and travel burSarS_ The 2024-25 year saw 117 student5 participale across Newcastle and Sundertand in both contemporary and slreel dance programmes. 769h of whom were in receipt of means-tested DE funding to cover all or part of CAT tUrtn fees. Over 50 educational eslabh'shments were worked with engagmg over 1.653 students through 1 off workshops. with 163 5ludent5 engaging in youth groups and lasters whieh has provided eaming opportunities for these young people to join the CAT here al Dance City CAT Inlen5ives look place with Rendez-vous Dancè, Avant Garde, Hofesh Shechler as well as supporting young and upcoming artists. Other engagements were with Ihe Gillian Dickinson Trust commissionees - Peh'can Thealie. Classes, Workshops. & Events Our pubbc classes programme conts.nued lo deliver inspiring dance expenences lo thousands of participants. In 2024-25. we delivered 3.888 dasses. attra¢tirYJ c105e to 31,300 attendances. and engaged 44 artisls as instructors. We provide a diverse range of Glasse3, ¢overing genres Ifom Ballet Primary to Bollyw¢)od and Vinyasa flow yoga lo Commerual. for ages from under 1 to 70+ and levels from beginner lo advanced .As more people join u5. we remain committed to experimenting with diverse and exciting dass offèrings. In 2024-25, 12 new classes were Introduced based on cuslomer feedback. induding Argenline Tango. Commercial 554 House and Ballet 55 Improver51Advanced We also taunthÈd Break City. a new youth company aimed al young breakers who want lo develop breaking iechniques through weekly session5. Additionally. we intr¢)duced ABC dasses. designed as absolute beginnef courses in darKe genres such as Samba. Jazz. and Tap. We Continued our popular aerial 'Hang out and dance. Workshops for (ldren arvj adults. and introduced adult Bhangra workshops. Our regular dance &*nps remained successful. induding the October Haloween Camp. as well as February and May half-lerm camps, complementsng Olir existing Easter and Summer camps. These continue to be popular, offering chsldren intensive yet informal learning opportutIeS during school holidays.
DANCE NORTH TRUSTEES, REPORT IINCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In summer 2025, we also launched three-day masterda5ses for 12-19-yeaf-olds. featuring leading dance companies and artists, including Akram Khan Company, Gawn Mccaig from Northem Ballet. and New Adventures Isir Matthew Bourne)- Our theatfe hire programme has been extensive, supporting a %ide range of 5dS and regional dants institutions with Iheir seasonal shi)ws. induding Baby Ballet North TYnede. Royal Opera House and Youlh Ballet North. We have also expanded hires beyt)nd dance. welcoming dients sud) as Waterstones aTh1 Seed talks broadening the range of organisalion$ using our thealre space. Engagement 24-25 The Dance Cty Engagement Team has alwJrd all yc)Jrafflrne planning and delivery with the organisalion s NPO targets, with a path'Gular f(u3 on thildTen and young people and older people. The team defvered a wide range of actimty auoss the region that Y(antfy broadened reach and strengthened partnerships. For the Over 55 programme. a total 01256 sessK)ns were dehvered auoss the region, all ol which took place oulside of the main Dance Cily building and included the regular perform3nGe offer of the Boundless Company which is delivered in house. Across these sessions. 503 indiwdual partiapanls engaged. genefating 4.246 total attendances. The 8oundless Company continued to grN, wrth membership easIng to 15 fo1(1ng auditions held in Mar¢h 2025, and the company also ccllaborated with Knslin KeMy-Abbott for two and a hall terms ihroughoul 2024-25. Their work was performed as part of Danc City's 40th anniversary celebrat)ns aTrJ ai the Ehjrharn Fringe Festival and was proles$ionally filmed to support fulLe promoiKxl use. The Hexham Hub also formed a key part of the Over 55 programme. offering three regular weekly classes Ihal constenUy attracted between 10 and 15 partKipants. Addrtional Pfogramme acb¥ity induded a partnerslup wth Searth, which resulted In Memory Tea workshops and a performance at Chapel House. as well as a relalionship wrth the Chinese Healthy VIng Centre through which further wotkshops were delivered. The Inspire Festival. held across Dance City and Queen's Hall, engaged 67 participants through workshops 1 a sharing, We were successthjly awarded the Sir James Knott grant. securing £15,000 over Ihree years Irom March 2025. This lundtng 15 specffically intended Io sUPW)rt the expansK)n of over 55 provision: partlarIY in the Northumberland area. Age UK taster sessions were also delNered as part of the bro*T wowamme and started with taslern in March 2025. The engagement team delivered 68 sesfdons in schools. working with 573 individual young people and generaling 2,668 lolal altendances. The programme established and maintained a number of school partnerships, including Moorside Primary Sthool for a lerm-lon9 programme of t4velve weekty sessions. Clavering Primary School for a Dance in a Day workshop. Mafden High School for an after-school pro9ramme. Hebbum Comprehensive School for workshop day and Richard Avenue Primary School where CPD was delwered lo 20 teachers. Through the Ballet Cymru Romeo and Juliet offer. 6 schools pwtiupated in workshops in¥olwng approximately 200 young people across pnmary. secondary and SENO sethngs. The team also delivered a Dance in a Day programme for the South Tyneside Schools Partnership. attended by 38 young people from a range of schools. and delivered the regonal U.Dan¢e platfom in March 2025, which tealured 90 young perfomiers. Through Ihe delivery of both strands of the programme. Ihe En98gement Team has been atAe to rewew and refine ils strategies for work wilh older people and wilh children and young people lo establish dear priorilies and forward plans for the next Ihree years. ensuring continued development and growth of both programmes.
DANCE NORTH TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Th8atrn Progrnmme Dance Cily has a 240-seal theatre for presenb'ng professional dance performatKe$. These range from small to medium scale and prodUd by artists and companies from Ihe North Easi, natM)nally and intemalionally. The aim of this programme is lo present a divefse range of high-quality dance perfOrar3 to North Easl audiences and lo be a key touring deslinalion for independent athsls. The theatre is also used for community and educalional performanrKs, a residency space for research and developfflent. public classes. commercial and non4ance performanceslevent and for external hires. However. the main function of the Spa is for the Pfesentation of professional dance performances. During 2024r2025. 17 performance ovenls were held with a toial of 23 indivual perfomances. These were: Ten Thousand Tons of Mr)onlight by Fengling Producti$ Surge and Submisston by T¢Jn Dale Company Souls and Cells by Akeim Toussainl Buck and Crystal ZilKvi)od Kontemporary Korea: A double bill of K-Dance by Sung Im Her and Melancholy Dance Theatre Rainbow Bulte(ffly by Ella Mesmer One Bird by Amina Khayyam Dance Company (COreSented by Genth) Past and Future by Eliot Smith Dance Curious Ball by Curious Arts Many Lifelwnes by Yewande 103 Bombay Supersiar by Phzl Produdions The Flockimoving Ck)ud by Scottish Don Theatre Dance Edils by Dance City Imago by Pett Claussen Knight Stones of a Walersprile by Sophie Nuzel Pfoiects Romeo and Juliet by BaNet Cymru Dance Edils by Dance City Emptiness Floating Through Mdasses by Tong and Jxob Artist Dgvelopmont & Breakfasts Dance City offers a range of artist development aclivtly opportunities. This can be in Ihe form of artisl sludio or technical residencies for research and devebpment. rehearsa15 and Commissiing opportunilies for new work. business skills development programffles and Pfofes5ional class for artists contsnued training. Dance Cily is also involved in regional and national partnership netwofks with a focus the devekspmenl of dance artists_ Six art15t breakfast were hekl across Ihe year. These breakfast meetirigs give artists the opportunity to ffleel and discuss Kleas wrth Dance City s Gfealive team Professional Class Dance City: Pro CFass is offefed lce weekfy. Thi5 is mainly delivered as a ballet pro-class, although Ihi5 does vary with some contemporary dasses offered In addilion. In 2024125. 77 pro-baHel dasses were delivered with eleven additional proGesses offered by artisls-in•resKJence. Commissions 2024125 saw the continuation of the partnership wilh the Gillian Dickinson Trust into its secorKI and third year, Yewande 103 presented Iheir commissioned work, Many Lifetimes in June 2024. For Ihe third yeaf of the Gillian Dickinson Trust commissions. the commission was joined by a third commissioning body, the Northumbedand Dance Development fund. This commission was awarded lo Pelican Theatre. a North Easl based dance company, Pelican Theatre worked wilh Danee City's BA and CAT progfammes in eady 2025 and will present their ommissioned woth, Kyl Jemer's Privale Jet in Apnl 2025. The Gillian 'ckIn$On Trust commission has also enabled Dance City to work in partnership with Ballei Cymru lo offer five free•tO-arLes5 relaxed malinee5 for school children from a range of diverse schools atfOSS the North East. 1075 young people attended these free school matinees. Ballet Cymru also worked with Dance Cty's BA and Cal programmes as part of Ihis partnership.
DANCE NORTH TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Professional Space Dano Ciiy offers studio space to registered (with Dance City} professional artists. This is offered al a small charge of £3.50 and hour for a small Stud or £6 for a large studio. In 2024125, 704 hours of studio time was used as professional space. Residencies Dance City offers both studio and techntcal resKlencie$ throughout the yeaf. During the out of term summer period Dance City offers rt$ studios lo artisls, both regionally and nationalfy based. to use on an in-kind basis for a period of one week. Across 2024125 a total of 210 days were offered in art15t residencies. Arts"sts who were involved in the summer residencies induded". Katherine Willrett Zoe Leigh Gadd Rachel Sullivan Emma King Pelef Groom Pelican Thealre Beth Veitth Ceyda Tanc Dance Cola WI15 R05a Mccreery Slourac Eve Walker Penny Chivas Patrick Za Several of the artist developed their eaS to be performed in Dance Edits. a dce suatch plalform, ¢uraled by Dance City in October 2024 and January 2025. Forward Freelancing Dance City partnered with Creative Uk lo deliver a busmess skills devÈlopmenl programme for artists al the beginning of their freelance or creab.ve business careers. This was delivered in two phases, a senes of seven tree- Iop-access open workshops covering different aspects of creative bu51nes$ skli Is. and an inlensive mentoring programme. Overall, the programme engaged 40 freelance artists wilh 10 joining the intensive menloring Pfogramme. These arttsls were: Eve Walker Alyssa Lisle Hayley Walker Hannah Gordon Lila Nawse Lucy Minla Reeves Mèlissa Davy Phebe Mae Dalby Natalie Halaseh Ula Campbell Partnership Netwo9 Outbound Qulbound is an initiative that seeks to enpower artists YA)0 wanl lo buikj networks. (elationships, audiences and opportunilies oul%de their local base. The Outbound partners were Danc£ City. FABRIC. The Place, South East Dance, Dance East. Northern School of Contemporary Danc and Yorkshire Dance. Dance Cily's nominated artists that look part in tIM'5 prograrnme were Jesse Salaman and Toi IActoria L)8nce in The North Dance City is a Member of this network of northem dance organisalions. Tlys networf( is lo¢used on closer working between organisalion in dance artist development. This neIly i& led by Yorkshire Dance and in partnership wilh The Civic in Barnsley. 8radford Arts Centre. CAST Theatre in Doncasler. Cheshire OanGe. Culture Warringlon, Lancaster Arts, Lowry in Sallord and Northern SC of Contemporary Dance.
DANCE NORTH TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal revlew Policy on r8sewes Tho Trustees have reviewed Ihe charity's needs reserves in line viilh the guidance issued by the Charity Commission. hawng reviewed the nsks faang Ihe organisation, seeking lo maintain a level of reseFves which enables Ihe charity to opefale effectively with financial slability and the means lo fulfil ils charitable purpose. The Truslees aim lo hold a level of unrestncted reserves whith enables the charity lo have sufficient workj.ng capital to continue to operale and also refiecls the risks associated with shorttalls in fundirrfJ. especially wilhdrawal of support from existing lunders. If allernalive sources of lunding were not forthcoming or if there was a shorffan in meeting earned income targets. Ihen Ihi5 amount would provide the means fof Dance City to settle any oulslanding contracts. restfuclure and, in the wor31-case scenario. dose the company in an ordety rnannei. We have rewewed Ihese costs In ielation lo staiulory redundancy pay and the liabilities for our building lease. We have calculated these as follows. £75.OtX) for slatutory redundancy costs, £170.000 for the building lease, insurance and services for which we have an annual break clause. Therèfore, the Trustees anlicipale the unrestricted reserves needed to fulfil these crrteria as £245,000 as a minimum, and the target level of unrestricted reseples lo be £250.tJ30. The charity's lolal unTeslriGted reserves al 31 March 2025 are £361.853. Free resenfes. defined as r¥on-designaled unrestvicted reserves minus the £207.809 value of unreslricled tangible fixed assets. are therefore £154.044 and Iherelore lall below the target range. The Trustees aim. Ihrough Iheir budgeting processes, lo restore free reserves to wrthin the target fange wilhin three years. Going concem The charity's ft)recasts and projecti$ fcK the nexl 12 mMth$ Sh that the charity w1 be able lo continue in operational existence for that per*)d, taking into account reasonable possible changes in trading performance and the potential impact on the chaiity of possible future scenartos aris9 from the Impacl of COVID-19 or olhef external shock of similar scale. This also mnsider5 the effecliveness of available measures lo assist in mitigating Ihe irnpact. The charity has positive cash balances and is forecasting for thi5 to continue to be the case. The Irusiees have slress-tesled their forecasts, laking into account varK)us scenarios. and remain confident Ihal the uncertainties do not cast significant doubt on the company s abilsly lo continue as a 90ing concern. Resefwes policy The Resep4es Poficy was last reviewed and approved on 9th December 2025. The Board regulady reviews the level of reserves Ihal are requred to ensure Ihal Ihey are adequale lo lulfil our continuing obli9alions and lo allow Ihe organisalion to fulfil ils charitable purpose. Invoslmeni policy Inweslinenl policy and obJ'écliv&s The charity's funds are witrol by the directorn. who also aci as trusteés. invest with a view to maximising annual investment income while mainiaining capital growth in line with market trends. The attached financial slalemenls show the cuffenl slate of finances which the trustees CSIder lo be sound. The Iruslees can invest any sums or investment5 received by them in Investments in which Ihey are by law authorised to invest money, with power Irom lime lo time lo change for others of a like nature. Risk ManagennI The Iruslees are responwble for keeping proper accounting records arKI saleguarding the assets of the charilable company. We have assessed the major risks to which the charity is exposed, in p2rticulaT those relating lo the operations and finances of the charity- We are sa115fied that systems are in place to mitigate the exposure to the major risk5.
DANCE NORTH TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plan8 for future periods The fundraising landscape for publicly funded arts is thanging more quickly than ever. And Dan City must slay on lop of these ever-mowng ledonic plates. 24-25 was a Launching 40 milln Minutes Campaign has given the organisalion motivalb)nal energy to engage in a £4millM fundraising Campa. The dosur¢ of our Higher Education prwamme has Cornmeed an internal ¢Versat)n about what role Dance Cily will play in advocating for dance education for young peopk. It wil precilate w) a young people's engagem&nl SttegY 25-26. The organisation has been getting ready to expkye how the 'Heallh' tne1$tOne is emboldened through our programmes. A projecl working with oldef people in rehabilitation settings wi partnership wrth the NHS delivered in 25-26 lay6 Ihe fout)dalion and tentiOn of how we work in lulure. Ouf partnership with Queen's Hall Hexham. to deliver dance with older people aTrJ Barbour Foundation funded work with older people in Northumberland has encouraged Dance Cty lo wrrte separate strategy for our work wrth older peopl8. Dance City expects lo continue ts relatiShip with Arts Council England as a Nalional Portfolio Organisalion in its urrent fomat up to March 2028. We have welcomed lo Ihe building SCL The Worx College who delivef 8TEC ci)urses in dance and performance to 16-18 year olds. In 25-26. with generous support of Gillian Dickinson Trusl. we will programme Ballet Cymru's Giselle following on from the collaboration in 24-25 wtth Romeo and JulieL This t)ecember progiamming. along with schools residencies in February. will reaGh over 1 SCK) ¢hihJren and young people. This supwrted Is offered for a further Iwo years. We also have generous support from the Leverhulme Trust to support grfted and talented individuals with an access pathway to prerypr0fe5Ona1 training on our CAT Programme. This WC>th from 2&26 will be for three years. Our Seven Bfidges tCher1 has received funds from The Reach Fund and National Lollery Awards for All lo support the projecl for a further stage of dévelopmenl including how peorle seeking sanctuary fflay engage with Dance Cty programmes and express their own cuttural aspirations through our building. structure, governance and management Naluie of goveming dociimenl The Company is limited by guarantee and its goveming documenl is ils Memorandum and ArteS of Association. dated 9th April 1990 and last amended 16 May 2019. The governing body of the company is the board of direclors. who also acl as trustees f(y the charitable company. hold no shares in the chantable company, bul each mèmber is a guarantor of the charitable company lo an amount not exceeding £1 in the event of winding up. New member5 of Ihe board are elected by the l)oard or by the members of the tharitable ojmpany in Genefal Meetings. The trustees, who are also the directors for the purpose of o)mpany la•V. and served during the year and up to Ihe dale of signature of the finan(ial statements were-. Ms L Turner-svnft (Appointed 1 May 2025) MsLRCase (Resigned 21 Oclober 2024) Ms S Dewar MrMRo MSA Kenrick Ms C Mcmurchie Mr D F Haley Ms S Marland MsPJFox MrA Hope Ms T J Pelrides Ms J Elgie Mr J A Hails {Resigned 12 November 20241 {Resigned S FeiKuary 2025) {Resigned 2 Oclober 2024) (Resigned 21 Octobèr 2024) (Resigned 2 October 20241 (Regned 17 June 2024)
DANCE NORTH TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Arrangen79nls for setting key Manag9nnI porsonriel Mlnera110l1 The board give Iheif lime freely and no trustees received remuneration in the year. have consed who the Key Management Personnel (KMP) ot the charity. as noled in Ihe reftsrence and administralive details section. Together v¥rth the board, these KMP are those in charge of direding and controllirKJ. running and operating the activities of the charity on a day-lo-day basis. Pay levels are sel u3ing benchmarkin9 togelher with budgel and forecasl information, ensunng thal the charity can afford any proSed increases. The Finance. Govemance and People Committèe agree any uplift to remuneration. ststement of trustee8' rg8pon8lbS1111•8 Thè Iruslees. who are also the directors ot Danc North for the Wfpose of company law, are fesponsible for preparing the Trustees. Report and the finanual slalements in accordance Mth applicable law and Uniled Kingdom Accounling Standards (Uniled Kingdom Generally Accepted Aco)unting Practice). Auditor In accordance with the company's articles. a resolutn proposing Ihat Robsffi Laidler Accountants tsmiled be reappoinled as aUdrt of the GnpanY will be wl al a General MediNJ. Dlsclosure of infomiation to auditor Each of the truslees has confirmed thal there is no Infomiion of whh they are aware which is relevant lo the audit. bul of which the auditor is unaware. They have further confitmed that they have laken appropriate steps to identify such relevant infofmalion and lo establish that the audilor is aware of such inl(Ymalion. The trustees, report was approved by the Bowd of Truslees. M5 L Tvmer-swrft Trustee Date.. 1711212025
DANCE NORTH INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DANCE NORTH Opinion We have audited Ihe financial slatenwils of Dance Nc>rth (the 'charity) for the year ended 31 March 2025 which comprise the statement of financial activities. the balance sheet, the slalemenl of cash h)ws and noles to the financial statements. including sonificanl accounting policies. The finanual reporting framework that has been applied in Iheir preparation is applieable law al Unrled Kingdom Accounting Siandards, including Financial Reporting Standard 102 The Financial Repoth'ng Slandard applicable in thè UK and Repubk of lrnland (United Kingdom Generally Accepted Accounling Pfadice). In our opinion: the financial siatements.. give a true and faif view of the state of the tharilabbe compary's affairs as at 31 March 2025 and of its incoming re50urGes and application of resources, indu(th'ng its income and expenditure. for th& year then ended, have been property pryed H) accordance wth United Kingdom Generaw Accepted Accounting Practi., and have been prepared in a¢Idance with Ihe requirements of the Companies Acl 2CM)6. Basls for opinion We conducted our autht in accordance with IntematTronal Standards on Audits'ng (UK) (ISAS (UK)) and applicable law. Our responsib"lilies under Ihose stsndards are further described in the Al110S respoilstbilitS for the audil of the financial slatements section of our feport. We are independenl of ihe charty in accordancA with the ethical requirements that are relevant to audit of the finanual slalenients in the UK, induding the FRC'S Ethical Standard. and we have Ivlfiued t)ur other ethirAI re5p)nsibiltlies in a¢dance with these fequirements. We believe that the audrt evidence we have oblained is suffiuent and appropriale lo provide a basis for opnion. Materlal uncertalnty relating to going COnM We draw attention lo note 1 to Ihe accounts in relan to the accounting p1¢Y on going concem, which indicates that Ihe charity has made a deficit in the current and previous accounting periods and is forecasting a lurlher dèficit in the 2026 financial year. As stated in nole 1. these events Indicate that a material uncertainly exists that may cast significanl doubl on Ihe charity's ability to ctinue as a going concem. Ouf opinion is not modified in respect to thi5 matter. Conclugiong relatlng to golng concern In auditing the financial slalemenls. we have concluded that the Iruslees. use of the going nCern basis of accounting in the preparation of the financial statements is appropriate. Ouf responsibilities and the responsibilities of the tiustees *ith resped to going concem are desryibed in the relevanl 5eGlions of this report. Other Infomiation The other information comprises Ihe nfom)ation irn4uded in the anrttl report othef than the financial statements and our audrtor's report thereon. The trustees are responsible for Ihe other information contained within the annual report. Our opinion on the financial statements does not cover the olher Information and. except to the exlent otherwise explicitly slated in our report, we do not express any f¢Jmi of assurance conduwon Ihereon. Our responsibilily is lo read the other information and. in doirw so, consider whether the oihef inlormalion is materially inconsislenl with the financjal statements our knowledge obtained in the course ol the al11. or olhenvi5e appears to be materialfy misst?ted. If we identify sueh malerial inconsistencies or apparent material misslalemenls. we are required lo detemiine whether this gives rise to a material mi5stalement in Ihe financial slalefflents themselves. If, based on the work we have performed. we c¢Jndude Ihal there is a material misstatement of this other infomiation, we are required lo report Ihat lacL We have nothing lo report in thi$ regard.
DANCE NORTH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF DANCE NORTH Opinion5 on other mallers prescribed by the Compani98 Act 2006 In our opu)ion. based on the work undertaken in the Couise ol our audit.. the informalion given in the trustees, report for the financial year for which the finanual slalemenls aré prepared. whth inGludes the direclors, report prepared f the Purposes of company law. is consistent wrth the financial slalemenls. and the directors, (eport induded with'n the truslees. repJrt has been preparad in accordance with applicable legal requirements. Matters on whlch we are required to report by oXC0Ption li) the light of the knowledge and understanding of the charity and ils envmnmenl obtained in the course of Ihe audit. we have not identified rnalerial misstalemenls in the direGtOTS' report included wrthin the trustees. report. We have nothing lo report in respect of the followiry mattefs in relation to vthich the Companies Act 20 qUireS us lo report lo you if. in our opinion.. adequate accounling records have not been kept. or returns adequate for our audit have not been received trom branches nol visited by us" or the financial 51atemenls are not in agreefflenl wilh the acmunting re5 and retums. or certain disdosures of Iruslees, remunefalion sFeafied by law are not made- or we have not received aN the informatson and explanations we require for our audit". or the trustees were r1 entitled to prepare the finanaal statements in accordance with Ihe small companies regime and lake advantage of the small comparn'ès, exemptions in preparry the trustees, report and trom the requirement lo prepare a stralegic reKx)rt. Responslbillllès of trustsés As explained more thlty in the statement of tTuslees' responsTrbililies, the trustees, who are also the dire¢lors of the charity for the pury>ose of Gompany law. are responsible for the preparakn.on of the Iinancial slalements and for being satisfied that they give a Ifue and fair view. and for such internal control as the trustees delerffline 13 necessary to enable the preparation of financial statemenls thal are free from material misslalement, whether due to ffaud Of error. In preparing the financial stalemenls. the Irustees are responsible for assessing the charily's ability to continue as a goin9 concern. disclosing. as applicable. matters related lo going concern and using the going concern basis of accounling unless the Irustees eiiher intend lo liquidate the charitable (x)mpany or to cease operations. or have no realislic alternab.ve but lo do so. Auditor's responsibililles for tho audlt of the finan¢lal $tatsments Our objectives are lo obtain reasonable assurance aboul whether Ihe finanual slalements as a whole are free from malenal misstatement. whelher due to fraud or error. and to Issue an audilorfs report that indudes our opinion. ReasDnable assurance is a high level of assurance bul is noi a guaraniee Ihal an audit conducted in accordance with ISAS (UK) will always detecl a malerial misstatement when il exists. Misstatements Can arise from fraud or error and are considered mater1 rf. individually or In the aggregate. Ihey could reasonably be expected to innuence the economic decisions of users taken ¢Jn the basis of these financial slalemenls. The extent to which our pr¢xedures are capable of detecting irregularities. induding fraud, is detailed below. 10-
DANCE NORTH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF DANCE NORTH The risk of matenal misslatemenl due lo errof or fraud has been assessed in conjunction with how inlernal controls may mrtMJale any such iisk. These contrcAs are reviewed as part of the audit by perfonning systems walkthrough$ lo ensuré they are opefatt'ng effeth'vely. Analy11 review and substantive testing is also perfomed on all material balanS and Iherefore any instances of non¥comph"ance shoukl be mjenlrfd or considered as insignifirAnl. In idenlTfying and assessing risks of matenal misstalement in r¢speci of irregulan"lies. inthding fraud, the audit enga9ement team". obtained an understanding of Ihe nature of the industry and sedor, including the legal and regulatory framework, in which Ihe charity operates and how the charity complies wilh Ihal legal and iegulatory frarnework • inquired with management and those tharged with govemance about their own identrficalion and assessment of the risks of Irregarit. induding any know actual. suspected or alleged instances of fraud disGussEd with managemenl and those charged with 9ovemance any non-compliance wrth laws and regulations and how fraud rnit indudiry assessments of how and where the financial slatements may be su5Geptible to fraud. The risk of management overrmje of controls vrns also considered an area of potential misstatement due lo fraud. Audit procedures pertonned included testing of manual jwmal entries and other adjustments and evaluating the business rationale in rela1n lo significanl. unusual transactK)ns and transadions enlered inlo outside the nomal course of business. A furthef deSUiPlion of our responsibthlies is available cn the Finala1 Reporting Councl's website at: httys.'Il ww.frc.Ofg uk]auditoisrespon5ibilitie5. This dewwion fomis part of our authto¢s Teport. Use of our rgport This report is made solely lo the charitable COMpY'S members, as a Ix)dy. in xcordance wrth Chapler 3 of Part 16 of the Companies Aci 2006. Our audit work has been undertaken so that we rnh1 slate to the charitable company's mefflber5 those mallers we are required to State to tt*m in an auditof's report and for no other purpose. To the fullest exlent permitted by law. we do not accept or assume responSibty to anyone olher ihan Ihe charitable company and the charitable company's members as a Ixidy, for OUT audit WLYk. for Ihis report. 01 for the opinions we have fomied. Nicholas Cunnlngham Msc Bsc FCCA (Senior Statutory Auditor) for and on behalf ol Robson Laidler Accountants Limited Stalulory Auditor Femwood Fhwse Fernwood Road Jesmond Newcaslle Tyne Tyne and Wear England NE2 1TJ 11
DANCE NORTH STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current flnanclal year Unrestricted Re¥triGtod Totsl Total funds 2025 funds 2025 2025 2024 Notss Income and endowments from: Donations and legacies Charitable activities Other tfadmg aCtIlieS Investments Other income 645,529 495.274 215.902 2.460 3.042 133.661 443.679 779.190 938.953 215.g02 2.460 3.042 649.193 891,311 88,087 2,141 4,794 Total Income 1,362,207 577.340 1.939.547 1,635.526 Expèndliure on: Raising funds Charitable activities 38.691 1,523.679 38.691 2,066,716 13.309 1,774,014 543.037 Total expenditure 1.562.370 543.037 2.105.407 1.787,323 Not incomellexpenditurel and movement in funds (200.163) 34.303 (165,860) 1151,797) Reconciliation of funds: Fund balances al l April 2024 562.016 562.016 713.813 Fund balances at 31 March 2025 361.853 34.303 396.156 562.016 The stalement of financial activities indudes all gains and losses recognised in the year. Al income and expenditure derive from Gonlinung a(livilies. 12-
DANCE NORTH STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prior financial year Unrestricted Re¥tfi¢lod Total funds 2024 tunds 2024 2124 Moles Ineome and èndowments from: Donations and legaoes Charitable acliwties Other trading adivities Investments Olher income 573.497 463,741 88.087 2,141 4,794 75,696 427.570 849,193 891 ,311 88,087 2,141 4.794 Tolal Income 1.132.2 503.266 1.635.526 Expenditure on: Raising funds Charitable activities 13.309 1.270.748 13.309 1.774,014 503,266 Total expendituro 1.284.057 503.266 1,787,323 Net income and movem•nt in fundg (1 51.797) (151 ,797) Reconciliation of funds: Fund balances al 1 April 2023 713,813 713,813 Fund balances at 31 March 2024 562,016 562,016 13-
DANCE NORTH BALANCE SHEET AS AT31 MARCH 2025 202S 2024 Noles Fixed assets Tangible a&sels Investments 14 15 207.809 246,020 380.000 587,809 626,020 Curr•nt assets Stocks Debtors Cash at bank and in hand 16 17 2,812 169.106 310.539 2,818 127.786 186,947 482.4S7 317.551 Credltors: amounts l•lllng duo wfthln one year 18 (301.791) (192,975) Net currnnt assets 180.666 124.576 Total a88et8 le88 currgnl liabiliti 768.47S 750,596 Creditors: amounts falling due after more than ong year 19 (372.319) (188.580) Net assets 562,016 The funds of the Gharity Restricted income fund8 Unreslricled funds 22 34,303 361.853 $62,016 396,156 562.016 1711212025 The financial statements were approved by the trustees on ......................... M5 L Turner-swrft Trustsè Company Tègistratiori number 024618 (England and Wales) 14-
DANCE NORTH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Not•s C•$h flows from operating activilies Cash absorbed by operations 25 (81.047) (122.337) Investing •ctlvltles Purchase ol tangible fixed assets Inveslmenl wicome received (17:59n {10.814) 2,141 Net Gash u8gd in Investlng acllvltles {15,12n 18,673) Flnanclng activities Repayment of debenture3 Repayment of borrowings (24.492) 244,258 (23.742) Net cash generated froml(u6ed in) finanGing activities 219.766 (23.7421 Net increaselldecrease) in ca8h and cash equivalents 123.592 {154.752) Cash and cash equivalents al beginning of year 186.947 341.699 Cash and cash equivalents at end of year 310.539 186,947 15-
DANCE NORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charlty Infomiatlon Dance North Is a pnvate company limited by guarantee xworaled in England and Wales. The registered is Dance City. Temple Street. NewcastSe upon Tyne, NE14BR. 1.1 Accounting convention The financial slalements have been prewed in accordae wrth the chanty's governing document. the CoMpanS Act 2006. FRS 102 -The Finanrjal Reporting Standard applicable in Ihe UK and Rèpublic of Ireland" ('FRS 102") and the Charities SORP 'Accounting and Reporting by Charrties: Slalement of Recommènded Prath"ce applicable to charrties weparing their accounls in accordance with the Financial Reporting Standard appIlble in the UK and Republic of Ireland (FRS 102)" {effedive 1 January 20191. The chanly is a Public Benefit Entity as defined by FRS 102. The financial slalements are prepared in stethry, whth is the fundical cwrency ol the charity. Monetary amounts m these financial statements are rounded to the nearest £. The financd statements have been PrePad under the hislorral Cost nvents.. modified lo include thè revaluation of investment properties. The principal accounting policies adopted are sel out below. 1.2 Going concom These financial statements are prepared on the going con¢em basis. The trustees have a reasonable expectalion that Ihe chafity will continue in operalional existence for the foreseeable future. however, the trustees are aware of certain matenal uncertainbes whil* may cause doubt on the charity's ability lo continue a5 a going Coren. The charity has recorded a deficit in the Slalemenl of Financial Activilies In the current and prev$ years and budgets prepared foi 2026 also show a defiol posrtion. The liuslees have prepared cash flow lorecasts to the 31 March 2027 which show a dctiOn in Ihe charilies cash reserves however indicate Ihal the charity wll have suffiuent resources lo operate throughoul Ihal period. These forecasls are based on certain assumptN)ns regarding levels of future incorne and expenditure and any deviation from these as5UITlPtions ¢cxJhJ impad on the accuracy of thè informalicffl prepared and the thjer term viabilily of the charily. 1.3 Charitsble lunds Unrestricted hjnds are available for use at Ihe dIsCtIon of the trustees in lurtherance of Iheir tharitable objedives. Reslricted funds are stsbject to SpeCrf conditi'ons by don(¥s or grantors 8s to how they may be used. The PUFposes and uses ol the reslnrted funds are set out in the lo the finanaal stalements. Endowmenl funds are subJe(X lo spe¢ifb¢ o)nditsons by donors Ihal the capital must be maintained by the charily. 1.4 Income Income is recognised when the charity is legally enlttled lo it after ary performance condth.ons have been met. the amounts can be measured reliably, and il is 0babIe that income will be received. Cash donalions are reeognised on receipt. Other donations are recognised once the ¢harily has been notified of the donation. unless performance rnndilions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deetjs of covenant is recognised al the time of the donation. Legacies are recognised on receipt or otherbwse if the charity has been notified of an impending dislribulion, the amount is known. and rep1 is expected. If ihe amount is not kn¢)wn, the legacy is Ifealed as contingent asset. 16-
DANCE NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 AG¢ounling policigs Icontinued) Income from conlracts for Ihe supply of services is Tecognised wrth the delivery of the conlfa¢ted seniCe. Grants are recognised when the chafily has an entrtlement to the funds and any conditions linked lo Ihe grants have been met. Where performance rKJndilion5 are attathed lo the grant and are yet to be met. the income is recognised as a liability and included on Ihe balance sheet as deferred inrJ)me. 1.5 Expenditure Expenditure 15 recognised once Ihere ts 8 legal constructive obligation to transfer economic benefit lo a third party, it is probable Ihat a transfef of econom benefits will bo required in selllemenl, and the amount of the ¢)bligatson can be measured reliably. Expenditure 1$ clasfd ty aclFvity. The costs of each aivity are made up of the lolal of dired costs and shared costs, including support rAists involved in undertaking each aclwity. Direct costs attributable lo a single activity are allocated diredty lo thal activily. Shared costs which contribule lo mofe than one activity and support costs which are not allfibutable to a yngle adivity are apportioned between those activilies on a basis consistent with the use of fesources. Cenlfal staff costs are allocated on ihe basis of time spent. and depreciation charges are alcated on porbtx of the asset's use. Costs of raising funds are those incurred in attrading voluntary income. the management of in¥estrnenls and those incurred in trading activiiEs that raise flmds. Charrtable expeThliture comprises those costs incurred by the charity in the delivery of its activities and servi5 for beneficiaries. It includes both cosls that can be allocaled diredty to such adivities and those costs of an indrect nalufe lo support Ihem. 1.6 Tanglble Ilxed assets Tangible fixed assets are initially rneasured at cosl and subsequenlty measured at cost or valuation, nel of deprecbalion and any impainnenl losses. Deprecialion is recognised so as to write off the cost or valuation of assets less their re5idud values over their useful lives on the following bases.. Leasehold land and buildings Fixtures and fillirKJS Computers straighl line over 19 years 15% - 20'h reducing balarte 25% straight line The gain or loss arising on the disposal of an asset 1$ detem#?ed as Ihe difference belween the sale proc¢eds and the carrying value of the assel, and is recognised In the statement of financial aclivilies. 1.7 Fixed a$sot invoslments Fixed asset investments are initially Tnea5ured at transaction price excluding transadion costs. and are subsequently measured at fair value at each reporting dale. Changes In fair value are recognised in nel in¢cmel(expenthlure) for Ihe year. Transaction costs are expensed as incwed. 1.8 Impalrmènt of fixed assets At each reporting end date. tl* dwiity revitrS the caryfftg ountS of its tangible asset8 to detgrmine whether there is any indication thal Ihose assets have suftered an impaimenl loss. If any such indication exists, Ihe recoverable amount of the asset is estimated in order to determine the extent of the impairmenl loss (rf any). 17-
DANCE NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Aeeountlh9 pollelès Icontinued 1.9 Stocks Stock$ e staled al the lower of cost and estimated selling price less costs to Gornplele and sell. Cost comprises direct matenals and. where applicable, difect labour costs and those overheads that have been incurred in bnnging the stocks lo Ihthr present bxation and eondition. Items held for distribution al no or nominal considefalion are measured Ihe lower of replacement cost and cost. 1.10 Cash and cash equivalents Cash and cash equi¥alenls inthde cash in hand. deposits held al call with banks. other $hort-lenYb IiquKI investments wrth original maturrties of three months or bess, and bank overdrafts. Bank overdrafts are shown within borr¢wiings in Current liabih"ties. 1.11 Taxatlo The charities activrtits fall with£n the exemptions afforded by the provisions of The Corporation Taxes Acl 2010. Accordingly, there is no taxation charge in these accounts. 1.12 Employee nefItS The cost of any unused holiday entitlement is recognised in the period n whth the employee's ser4ices are received. Termination benefrts are recognised im1nedteIY a3 an expense when the charity is demonstrably commtlied to temiinate the employment of an employee or lo wovide termination benefits. 1.13 Retiroment benefits Paymenls lo defined eontribulion retifemenl bfil schemes are charged as an expense as they fall due. Critical accounting e8timat08 and judggmgnts In the apphcation of the thwrty"s acrKJunling policies, tmstees are required 10 make judgements. estimates and assumptions aul the carrying amount ol assets and liabililies that are not readity apparenl from other sources. The eslimales and assoualed assumpts'ons are based on histoncal experien and olher factors Ihal are con5ideied lo be relevant. kntual result5 may differ from ihese eslimales. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accountin9 eslimale5 are recogni5ed In the period in whith the estimate is rewsed ¥vhere the revision affects only Ihal period. or in Ihe period of the revision and tuture perFods where the revision affects both cuffenl and fLslure periods. Incomo from donations and legacleg Unrestricted Re3trict•d Total Unro$trlcted Rèstricted Total funds 2Q25 funds 2025 fund8 2024 funds 2024 202S 2024 Donations and gifts Grants 36.533 608.996 36.533 742.657 9.449 564.048 8,244 67,452 17.693 631,500 133.661 645.529 133.661 779.190 573.497 75.896 649,193 18-
DANCE NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from don•tion$ and legacl•s Icontlnued) Unrestrlcted Restricted Total Unreslricled Re8trleted Total lund8 2025 funds 2025 lunds 2024 funds 2024 2025 2024 Grants Arts Cwncil England Community Foundalion Sif James Knott Creative England NalioD Lottery Heritage Fund Gillian Dickin$M Twst Maltings Trust Northstar Venlufes BarbouT Foundats'¢ Other 564,048 564,048 2,963 15.000 564.048 22,000 586.048 2.*3 15,0 76.698 76.898 30.000 30,0 42.500 42.500 37.500 s.cKJo 37,5(X) 2,952 2,952 608.996 133,861 742.657 67.452 631,500 Income from charitable actlvllles Unr•strlcted Restricted Total Unre8trictod R•strlcted Total nd$ 2025 fundg 2025 fund5 2024 fvnd8 2024 2025 2024 Core charttable actsvities Classes. workshops & degrees Box office Training progfamme 453.333 41,941 453.333 41.941 443.679 440.566 23,175 440,566 23,175 427,570 443.879 427,570 495.274 443.679 938.953 463.741 427,570 891,311 19-
DANCE NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 Income from other trading activities Unrestricled Unrgstrlcted fund 2025 fund$ 2024 Cafe income Rental income Other income 87,147 122,012 6,743 22.566 65,521 Other trading activities 215,902 88,087 InGorne from investments Unrestrltted Unrestricted fund* 2025 funds 2024 Interest receivable 2,460 2.141 Expenditure on raising fvnds Unrg8trictod Unrestrlcted fund$ 2025 fund$ 2024 Fundraising and publicity Other fundraisin9 Costs 38,691 13,309
DANCE NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activitios Classes and Cla8904 and workshops workshops 2025 2024 Direct cost• Slaff costs Other staff cosis Artist and pertormance fees Travel Donation5 paid Technician and production fees Sludenl travel Bad debts Advertising and marketing Property running costs Other direct costs 765,003 7.525 272,361 6.947 893,198 4.079 197,397 15,184 51.184 17,958 270 58.315 33.975 724 41,855 a,934 7.645 40.727 15.410 497 1.221,262 1.024,926 Share of support and govèrnaneé Costs (see note 9) Support Governanc 812,160 33,294 729,168 19,920 2.066,716 1.774,014 Analysis by fund Unresliicted funds Restncted funds 1.523.679 $43.037 1,270.748 503,266 2.066.716 1,774.014 21
DANCE NORTH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Support CO8ts allocaled to actlvill•¥ 2025 2024 staff costs L)epre¢ialion Premises costs Molor. travel and actom(xlats General office Gc>sls Technical costs and trenue hKe Communicatsons and IT Finance costs Legal and professional lees Loan interest payatjle GovernarKe costs 350,000 55,798 220.999 2,081 110,143 5.565 22,815 8,828 30,184 5,947 33.294 300,000 64.482 165.735 1.133 114.655 5.487 26,318 8.605 42.753 19.920 845,454 749.088 Analysed bètween". Classes )d workshws 845,454 749,088 2025 2024 Governance costs comprise: Audilofs remunerats.on Accountancy fees 12,$80 20.714 12.lJOQ 7.920 33,294 19,920 10 Net movement in lunds 2025 2024 The net movement in fund5 is staled after thargiryl{credilmg>: Fees payable to Ihe chatity's authtor.. - for the audit of the Gharity's financial statements for other financial services Depreciation of owned lan9ible fixed assets Loss on disposal of tangible fixed assets 10.380 2.200 55.798 2,100 63,397 1,085 11 Trustees None of the Iruslee5 {or any persons wnnected wilh Ihem) recthved any remuneration or benefils trom the charity during the year.
DANCE NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employèes The average monthly number of enipkJyee5 during the year was.. 2025 Number 2024 Number Administration and finance staff Artisl¢c staff 45 35 40 28 Total 80 68 Employment Go$ts 2025 2024 Wages and salaries Social securty Ixists Other penOn costs 1.027.762 70.559 16.682 924.866 52.886 15.446 1.115.003 993,198 The number of employees whose annual remuneration was more than £60,000 is as follows: 2025 Number 2024 Numbèr £60,001 to £70.000 £70,001 £80,000 Rernunerdtion of key managomènt pèrsonnel Th8 remuneration of key management personnel 7$ as follows: 2025 2024 Aggregate compensation 191,057 18g,320 13 Taxation The charity is exempt frcrfn laxati)n on 11$ adJ'¥ities because all ils inwne 1$ applied lor Charitab purposes.
DANCE NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Tanglble flxed asgets L••hold Flxturns and land and Ilttlngs buildin9• Computorg ¢0st Al 1 April 2024 Additions 3.000 483,924 17,587 150.843 934.767 17,587 Al 31 March 2025 501,511 150.843 952.354 Depreciation and impairment Al l April 2024 Deprecialion tharged in the year 221.053 15,789 338.192 24.551 129.502 15,458 688.747 55,798 Al 31 Mafch 202S 236,842 362,743 144,960 744,545 Carrying amount Al 31 March 2025 63,158 138,768 5.883 207.809 At 31 March 2024 78,947 145.732 21.341 246.020 IS Fixed asset investments Investment proporty Co8t or valuation Al l April 2024 & 31 March 2025 380.000 Carying amount Ai 31 March 2025 380.000 Al 31 March 2024 380,000 16 Stocks 2025 2024 Raw matena15 and consumables Finished goods and gcods for resale 498 2,320 2.312 2.812 2,818 -24-
DANCE NORTH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Debtors 2025 2024 Amounts falling dué wllhln one year. Trade debtors Other debt015 Prepayment$ and accnRd incon 93.383 4,178 71.$45 34 550 2.244 9).992 169,106 127,786 18 Creditors: amounts falling due within one year 2025 2024 Notes Borrowings Olher laxation ald social secw DeferTed incorne Trade creditors Other creditors Accruals 58,361 17,747 76,981 84.877 17,446 46.379 22.334 4.979 63.120 67.117 11,998 23.427 301.791 192,975 19 Creditors: amounts falling due aftof more than one year 202S 2024 Borrowings 372,319 188.580 20 Loan• and overdralts 2025 2024 Debenture loan$ Olher loans 186.422 244,258 210.914 430.680 210.914 Payatle KYthin one year Payat4e after one year 58.361 372,319 22,334 188,580 Amounts induded above which f due after five yews: Payable by instalmenls 2{.957 84,396 -25-
DANCE NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Loans and overdrafts Icontinuedl Borrowing5 inGludes two loans from Northslar Ventures Limited. The fvst of these was originally for £26S.000 with a nominal interest fate of 6%. with the final instalment due on 1 June 2031. The carrwng amount of Ihis loan al the year end Is £186.422 {2024. £210.914). The second loan granted within the year towards developmenl capital was oYi9inally for £250,000, wilh a nominal Inleresl rale 017%, with the final inslalmenl due on 1 September 2034. The carrying amount ol Ihi$ loan at the year end is £244.258 (2024. £nil). 21 R•tlrennl b8nefft sehèmos 2025 2024 Oefined Contribution ichemps Charge lo profft or loss in respect of defined contribution sthemes 16,682 15.446 The charily operates a defined ¢trIbutIon pension scheme IOT *1 qua&fying employees. The assels of the sthemg are held separately from those of the charity in an irKlependentty administered fund. Contributions totalling £6,892 {2024". £3.7411 were payable to the scheme al the end of the year and are included in creditors_ 22 Restricted funds The restricted fuThJs of the chanty c(¥nprise the unexpended balances ol dOnatI(x and grants held on trust subied lo speufic condilions by donors as to lkny they may be used. At 1 Aprll 2024 Incornlng Resources Al 31 March resources expondod 2025 Gdlian Dickinson Trust Sir James Knoll Community Foundation Creative England Cenlre br Advanced Training Maltings Trust National Hefrtage Fund 30,ODO 15,000 2.963 (28.000} (5.000) 2.000 10,000 2.963 (5.000) (443,679) 443.679 4.000 15.340 76,698 (61,358> 577,340 (543.037> 34.303
DANCE NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Restrlcted funds (Confjnuèdl Previous year: At 1 Aprll 2023 Incoming Ro8our¢8• At 31 March ro8ourcos expènded 2024 Gillian Dickinson Trust Volunteer Futures Wellbeing Hub Fabric Centre forAdvanwJ Traning Donors 42.5(WJ 22.01 250 2.702 427.570 8,244 {42.5(K)> {22.000> 250> (2.702) (427,570) (8,244) 503.266 1503,266) 23 Unrestrlctèd funds The unreslriGted funds of the charily comprise the unexpended balances of donalions and granls which arp not Subje lo speafic CdlOnS by donors and grantors a& lo hoyi ihey may be used. These Include (le9ated funds which have been set aSKle ¢)ul of unreslricled lunds by the trustees for specific purposes, At 1 Aprfl 2024 Incomlng resourcgs Resources At 31 March expended 2025 General funds 562,016 1,2.207 (1.562,370) 361,853 Previou$ year: At 1 April 2023 Incoming resources Resources Al 31 March expendgd 2024 General funds 713,813 1,132.260 {1,284.0571 562.016 24 Related party transactions There were no disdosatAe related party transactions durirvJ the year (2024- none). -27-
DANCE NORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 25 Cagh absorbed by operatlons 2025 2024 Defi¢il for the year (165.860) {151.7971 Adjustrnents for: Investment income recognised in statement of financial activits'es IGain}Iloss on disposal of tangible fixed assets Depreeialion and impairmenl of tangib fixed asseis (2,460) (2.1411 1,086 63,397 55.798 Movernents in working Capital: Decreasel(increase} in stocks {Increasei in debtors Increase in GTeditors Increasel(deuease) in deferred income (2,8181 129.9801 17.704 (17,7881 (41.3201 58.928 13.861 Cash absorbed by operations 181.04n (122,337 26 Analysis of change8 in net Idoblllfund8 Al 1 ApAI 2024 C•sh flow¥At 31 March 2025 Cash at bank and in hand 186,947 123,592 310.539 L¢)an5 faning due within one year Loan8 faling due after mlye Ihan one year 122,334) (188.580) (36,027> (183,739> (58.361) 1372.319) (23.967) (96,1741 1120,141) -28-