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|Reference|&Administrative|information||
|---|---|---|---|
|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|
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||||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|
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||||||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|
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|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|
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|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|
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||||||||||
|---|---|---|---|---|---|---|---|---|
|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|
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|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|
##
|15|Credltortu
Amounts
falling due within|Credltortu
Amounts
falling due within|Credltortu
Amounts
falling due within|one year|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|
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|Analysis ofNet Assets between|Analysis ofNet Assets between|Funds||||
|---|---|---|---|---|---|
|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|
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|Tangible|Rxed assets|
|---|---|
|Current|assets|
|Current|gabigtles|
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|||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|
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