2021-07-31-accounts - English National Ballet School Limited

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Reference	&Administrative
Report of	the Governors	2 - 11
Report of	the Auditors	12-15
Statement	of Financial Activities	16
Balance Sheet		17
Statement	ofCash Flows	18
Notes to the Financial Statements		19-27

			Unrestricted	Restricted	Total	Total
		Note	Funds	Funds	2021	2020
			6	6	6	6
Income and Expenditure
Income
DonaUons andlegades			69,224	54,250	123,474	49,312
Activities for generating	funds		500		500	800
Investment income			832		832	2,299
Charitable activities			1,926,662		1,926,662	1,869,708
Total Income			1,997,218	54,250	2,051,468	1,922,119
Expenditure
Cost ofcharitable activities			1,769,144	528,960	2,298,104	1,511,548
Cost offundraising			35,276		35,276	5,829
Total Expenditure			1,804,420	528,960	2,333,380	1,517,377
Net Income /(Expenditure)			192,798	(474,710)	(281,912)	404,742
Transfers between funds		16	(474,710)	474,710
Net Movement of Funds	In the Year		(281,912)		(281,912)	404,742
Reconciliation offunds
Total funds brought forward			658,293		658,293	253,551
Total funds canied forward		16	376,381		376,381	658,293

					Note	2021		2020
Fixed Assets
Intangible		fixed assets			12
Tangible	fixed		assets		13		170,900	17,763
							170,900	17,763
Current Assets
Debtors					14	53,936		148,785
Cash at bank			and in hand			687,188		873,182
						741,124		1,021,967
Creditors;	Amounts			falling due within one year	15	(535,643)		(381,437)
Net Cunent		Assets					205,481	640,530
Net Assets							376,381	658,293
Reserves
Unrestricted		funds			16
General		funds					I80,481	484,043
Designated			funds				I95,900	174,250
Restricted		funds			16
					17		376,381	658,293

						2021	2020
						5	5
Cash flows from operating		activities
Net (expenditure) / income	for the reporting			period		(281,912)	404,742
Depreciation and amortlsatlon		charges				31,363	34,200
Decrease /(Increase) in debtors						94,849	(73,616)
Increase / (Decrease) in creditors						154,206	(625,385)
Interest received						(832)	(2,299)
Net cash (used in) operating		activities				(2,326)	(262,358)
Cash flows from investing	acthdties
Payments to acquire tangible		fixed assets				(184,500)	(19,174)
Investment Income						832	2,299
Net cash used In investing		activities				(183,668)	(16,875)
Change In cash and cash	equivalents					(185,994)	(279,233)
Cash and cash equivalents	at beginning		ofyear			873,182	1,152,415
Cash and cash equivalents		at end ofyear				687,188	873,182
Analysis ofchanges in net	debt
					At 1August 2020	Cash Flows	At 31July 2021
					5		8
Cash and cash equivalents
Cash					873,182	(185,994)	687,188

3	Donations and legacies				2021
	Year to 31July 2021		Unrestrictedf	Restricted 6	Total 6
	Scholarship fund donations			11,000	11,000
	Job Retention Scheme grants		57,905		57,905
	Other donabons		11,319	43,250	54,569
			69,224	54,250	123,474
					2020
	Year to 31July 2020		Unrestricted	Restricted	Total
			6	6	6
	Scholarship fund donations			29,080	29,080
	Job Retention Scheme grants		19,282		19,282
	Olherdonations		950		950
			20,232	29,080	49,312
4	Activities for generating	funds			2021
	Year to 31July 2021		Unrestricted	Restricted	Total
			6	6	6
	Studio classes		500		500
					2020
	Year to 31July 2020		Unrestricted	Restricted	Total
			6	6	6
	Studio dasses				800
5	Education income				2021
	Year to 31July 2021		Unrestricted 8	Restricted 6	Total f
	Tu(5on Fess & Other Fees		1,856,110		1,856,110
	Outreach		43,204		43,204
	Registration and audition fess		24,906		24,906
	Performance Income		2,442		2,442
			1,926,662		1,926,662
	Tuition fees 8 other fees
	The School's activities are	carried out within the UK.		2021	2020
	The School's fes Income comprised:			6	8
	Fees			1,260,103	1,177,321
	Grants			434,877	396,742
	Scholarships			161,130	257,650
	Gross fees			1,856,110	1,831,713
					2020
	Year to 31July 2020		Unrestricted	Restricted	Total
			6	6
	Tuition Fees &Other Fees		1,831,713		1,831,713
	Outreach		33,277		33,277
	ReglslraUon and audition fees		16,633		16,633
	My First Ballet		(16,429)		(16,429)
	Performance income		1,826		1,826
	Other Income		2,688		2,688
			1,869,708		1,869,708

4	Activities for generating	funds
	Year to 31July 2021
	Studio classes

5	Education income	Education income
	Year to 31July 2021
	Tu(5on Fess	& Other Fees
	Outreach
	Registration	and audition fess
	Performance	Income

Year to 31	J	uly 20	21
			Fundralslng		Direct	Other	Support	2021
			st8ff costs	staff	costa	direct costs	Costs	Total
			f		f.	f	f	f
			(note 10)	(note 10)		(note 7)	(note 8)
Fundraising		costs	34,976			300		35,276
Education	costs			938,737		1,043,459	315,908	2,298,104
			34,976	938,737		1,043,759	315,908	2,333,380
Indudsd within other direct costs is f528,960 relating				to restricted	expenditure.
Year to 31	July 2020
			Fundralslng		Direct	Other	Support	2020
			staff costs	staff	costs	direct costs	Cost8	Total
			f		f	f	f	f
			(note 10)	(note 10)		(nots 7)	(note 8)
Cost ofcharitable			activities
Education	costs		5,829	864,842		477,175	169,531	1,517,377
			5,829	864,842		477,175	169,531	1,517,377
Included within other direct costs is f568,397 relating				to restricted	expenditure.
Other direct		costs
Year to 31 July 2021								2021
						Fundralsing	Education	f
Schalarshlps		&Bursaries					486,710	486,710
Exams &Qualifications							21,055	21,055
Performance		& Graduation					94,381	94,381
Other Education Costs							125,571	125,571
Office Casts						300	50,939	51,239
Establishment		Costs					222,073	222,073
Marketing							7,567	7,567
Bad debt							3,800	3,800
DepredaUon							31,363	31,363
						300	1,043,459	1,043,759
Year to 31 July 2020								2020
						Fundraising	Education	f
Scholarships		&Bursarles					547,667	547,667
Exams &Qualifications							23,536	23,536
Performance		&GraduaUon					51,393	51,393
Other Education Costs							126,673	126,673
Offlce Costs							57,011	57,011
Establishment		Costs					121,329	121,329
Marketing							11,692	11,692
Bad debt							32,891	32,891
Depreciation							34,200	34,200
Aborted move		costs					98,243	98,243
Release ofcost provisions							(627,460)	(627,460)
							477,175	477,175


8	Supportcosts						2021	2020
				Fundralslng	Education	Governance	Total	Total
							E	E
	Staff Costs				196,395		196,395	179,835
	Staff Recruffmsnt & Other Costs				9,471		9,471	37,891
	ONce Costs				5,292		5,292	8,156
	Establishment Costs				45,443		45,443	17,023
	Marketing				3,467		3,467	8,013
	Legal and professional	fees			14,304	41,536	55,840	45,813
	Release ofcost provisions							(127,000)
					274,372	41,536	315,908	169,531
							2020
	Total 2020				136,639	32,892	169,531
9	Net incoming resources
	Net incoming resources	are stated	affer	charging:			2021	2020
							E	E
	Operating lease rentals:			-land, buildings	and equipment		68,269	54,172
	Auditors' remuneration:			-current year audit services			13,500	12,300
10	Salaries						2021	2020
							E
	Salaries						888,055	780,109
	Social security costs						91,105	78,873
	Pension costs, defined	contribution	scheme				51,893	46,020
	Medical Insurance						8,531	6,148
							1,039,584	911,150
	Agency and consultancy						35,803	78,842
	Freelance teachers and	pianists					94,721	60,514
							1,170,108	1,050,506
	Total salary costs ars shown as follows:						2021	2020
	Direct staff costs						938,737	864,842
	Fundraising staff costs						34,976	5,829
	Su ppoA staff costs						196,395	179,835

The average	number of full Ume equivalent employees in the year w	as as follows:
		2021	2020
		Number	Number
Provision of	services	18	15
Management	and administration	4	4
		22	19

12	Fixed Assets Intangible fixed assets
					Computer
					Software	Total
	Cost				6	6
	At 1stAugust 2020 and July 2021				18,158	18,158
	Amortlsstlon
	At 1stAugust 2020 and July 2021				18,158	18,158
	Net BookValue
	At31stJuly 2020
	At 31stJuly 2021
13	Fixed Assets
	Tangible fixed assets
	Cost	Leasehold 6	Equipment 8	Computers 6	Studio Theatref	Totalf
	At 1stAugust 2020	395,486	79,639	42,247	89,216	606,588
	Addlsons		63,854	1,654	118,992	184,500
	At 31stJuly 2021	395,486	143,493	43,901	208,208	791,088
	Depreciation
	At 1stAugust 2020	395,486	65,840	38,283	89,216	588,825
	Provided in the year		16,370	3,094	11,899	31,363
	At 31stJuly 2021	395,486	82,210	41,377	101,115	620,188
	Net BookValue
	At 31stJuly 2021		61,283	2,524	107,093	170,900
	At 31stJuly 2020		13,799	3,964		17,763
14	Debtors				2021	2020
						8
	Trade debtors				7,867	6,354
	Other debtors				9,007	9,419
	Prepsyments				37,062	133,012
					53,936	148,785

Credltortu Amounts falling due within	Credltortu Amounts falling due within	Credltortu Amounts falling due within	2021 f	2020 f
Trade Creditors			104,975	36,578
Other creditors			24,715	20,188
Accruals and deferred income			405,953	324,671
			535,643	381,437
Movements in deferred	income	in the year were as follows:
Balance brought forward			285,770	149,344
Amounts released in the	year		(285,770)	(149,344)
Amounts deferred in Ihe	year		384,896	285,770
Balance carried forward			384,896	285,770

Reserves
					2021
Year to 31July 2021	Brought	Incoming	Resources		Carried
	Forwardf	Resourcesf	Expended	Transfersf	Forwardf
Unrestricted Funds
General Fund	484,043	1,997,218	(1,804,420)	(496,360)	180,481
Maintenance Fund	25,000				25,000
Fixed Assets Fund	149,250			21,650	170,900
Balance carried forward	658,293	1,997,218	(1,804,420)	(474,710)	376,381
Restricted Funds
Scholarship Fund		11,000	(485,710)	474,710
Other restricted funds		43,250	(43,250)
Balance carried forward		54,250	(528,960)	474,710
Total Funds 2021	658,293	2,051,468	(2,333,380)		376,381
Year to 31July 2020					2020f
Unrestricted Funds
General Fund	135,929	1,893,039	(948,980)	(595,945)	484,043
RelocaUon Fund	71,892			(71,892)
Maintenance Fund	25,000				25,000
Fixed Assets Fund				149,250	149,250
	232,821	1,893,039	(948,980)	(518,587)	658,293
Restricted Funds
Building Fund	20,730		(20,730)
Scholarship Fund		29,080	(547,667)	518,587
	20,730	29,080	(568,397)	518,587
Total Funda 2020	253,551	1,922,119	(1,517,377)		658,293

Analysis ofNet Assets between	Analysis ofNet Assets between
Year to	31July 2021
		Unrestricted	Restricted	2021
		Funds	Funds	Total
		E	E	E
Tangible	fixed assets	170,900		170,900
Current	assets	741,124		741,124
Current	liabilities	(535,643)		(535,643)
		376,381		376,381
Year to	31 July 2020
		Unrestricted	Restricted	2020
		Funds	Funds	Total
			E	E
Tangible	Rxed assets	17,763		17,763
Current	assets	1,021,967		1,021,967
Current	gabigtles	(381,437)		(381,437)
		658,293		658,293

Tangible	Rxed assets
Current	assets
Current	gabigtles

		Land and Buildings		Other
Operating	leases which expire:	2021	2020	2021	2020
Within	ons year	80,000	10,330	2,085	4,170
Within	two to five years	240,000			2,085
Total		320,000	10,330	2,085	6,255