THE DANCE SCHOLARSHIP TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
Year ended 28 February 2022
Registered charity no. 802165
ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 28 February 2022
CONTENTS
| NTS | |
|---|---|
| Page | |
| Legal and administrative information | 2 |
| Board of Trustees’ report | 3 |
| Independent examiner’s report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 |
The Dance Scholarship Trust – registered charity no. 802165
- 1 -
LEGAL AND ADMINISTRATIVE INFORMATION For the year ended 28 February 2022
| Board of trustees | Philip Orchard | Chair |
|---|---|---|
| Kristian Foster | Secretary | |
| Matt Loosley | Treasurer | |
| Declan Cahill | ||
| Dorian Crone | ||
| Paul Crosby | ||
| Liberty Watts | (appointed on 17 September 2022) | |
| Nigel Hammett | ||
| Bethan Watson | (appointed on 11 September 2021) | |
| Charity registration no. | 802165 | |
| Registered address | 37 Spital Square | |
| London | ||
| E1 6DY | ||
| Independent examiner | Andy Nash Accounting & Consultancy Ltd | |
| Units 24 & 25 | ||
| Goodsheds Container Village | ||
| Hood Road | ||
| Barry | ||
| CF62 5QU | ||
| Principal bankers | HSBC | |
| 455 Strand | ||
| London | ||
| WC2R 0RH | ||
| COIF Charity Funds | ||
| 80 Cheapside | ||
| London | ||
| EC2V 6DZ | ||
| Investment advisors | CCLA Investment Management Ltd | |
| Senator House | ||
| 85 Queen Victoria Street | ||
| London | ||
| EC4V 4ET |
The Dance Scholarship Trust – registered charity no. 802165
- 2 -
BOARD OF TRUSTEES' REPORT For the year ended 28 February 2022
The Board of Trustees submit their annual report and the financial statements of The Dance Scholarship Trust for the year ended 28 February 2022. The Board of Trustees confirms that the annual report and financial statements of the Trust comply with current statutory requirements, including the Charities Act 2011, as well as the requirements of the Trust’s governing document and the provisions of the ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019)’, and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
REFERENCE AND ADMINISTRATIVE DETAILS
Legal and administrative details are shown on page 2 of the financial statements, including a full list of the Trustees who served the Trust during the period up until the date of the signing of this report.
OBJECTS
The main objects of The Dance Scholarship Trust, a registered charity, are to support the educational work of the Society for the Protection of Ancient Buildings (SPAB).
The subsequent total payments of £24,500 should have occurred in January/February 2022, but was not possible and will be delayed into the financial year ending 28 February 2023.
However, the amounts have been shown as expenditure in the year in accordance with the SORP, and subsequently show as liabilities at year end.
Scholar’s Gathering & AGM
The 2021 AGM was held in St Albans, a modest event with in-person and virtual attendance. It was not yet appropriate to hold an AGM at the pre-pandemic scale, although the Trust hopes for greater attendance in Bristol for the 2022 AGM. Expenditure was greater than income at this event, and the AGM cost £267 to run. It should be noted that the AGM provides a good opportunity to encourage greater fundraising and donations, and in some years has generated a profit.
Donations
The Trust receives generous monthly/annual donations from 30 people, plus those who give anonymously or via appeals on Just Giving and other fundraising events, a total of £6,441
The Trust incurred an expenditure of £1,366 associated with accountants fees, bank charges and Just Giving fees within the General Account, plus an expenditure of £307 at the AGM.
Fundraising
2019 Scholars
ACHIEVEMENTS AND PERFORMANCE
In furtherance of these objects during the year the Trust has undertaken the following activities:
Scholarships
The Trust has provided monies to support students who are participating in the Society for the Protection of Ancient Buildings (SPAB) Scholarship program through a contribution to the SPAB. During the financial year to 28 Feb 2022 the DST committee made the commitment to support the 2022 Scholarship with 2 bursaries of £10,000 to enable the SPAB to offer 4 Scholarships.
COVID-19 Contingency
In addition to bursary payments, The Trust agreed to provide a single Covid contingency of £4,500.
Delayed Payments
The 2019 Scholars (Beth, Christian, Dan and Holly) had planned to organise individual fundraising events through 2021 and 2022. So far, Beth has completed her Cambridge half marathon and raised £536 via the Just Giving page. Additional fundraising from this cohort, plus the deferred sketchathon, will be outside of the financial year ending 28 Feb 2022.
2021 Annual Report
Last years Trustees’ report incorrectly stated that the fundraising activities of the 2021 Scholars (Amy, Libby and Lucy) would be captured within the 2022 accounts. It did in fact fall within the 2021 accounts.
Louise Bainbridge
Louise Bainbridge asked for donations to the DST as a wedding gift. This resulted in a number of generous one-off donations, which contributed
The Dance Scholarship Trust – registered charity no. 802165
- 3 -
BOARD OF TRUSTEES' REPORT
For the year ended 28 February 2022
towards our healthy fundraising totals for this year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is unincorporated and is governed by the rules and regulations set out in its constitution.
The members of the charity are all past Scholars of the Society for the Protection of Ancient Buildings. Members appoint the Committee of Management from their number at the Annual General Meeting. The Committee of Management run the charity on a day to day basis. There are no paid or voluntary staff. The Committee met 8 times during the year to review the activities, consider the financial position of the charity and to decide policy.
PUBLIC BENEFIT
The Trustees confirm that they have given due regard to the public benefit guidance published by the Charity Commission in line with section 4 of the Charities Act 2006.
- Anticipated funding costs for the year ahead as deduced from the investment and funding strategy.
Additional funds beyond the reserves are managed by the committee’s investment and funding strategy.
The reserves policy will be reviewed annually alongside financial reports, prior to an AGM.
Restrictions
There are no restrictions on the charity’s power to invest. The Committee sets the investment strategy and reviews it annually to take account of income requirements, risk profile and market prospects in the medium term.
Investment Management
CCLA offer a limited choice of investment funds, and the Committee makes decisions on which funds to hold, with a goal of long-term approach to investing, accepting that some years may see a fall in the value of investments.
Financial Goals
FINANCIAL REVIEW
Income
The Committee raised £25,058 (2021: 26,642) After taking account of grants awarded and other costs, there were net outgoing resources before revaluations of £1,116 (2021: net incoming resources of £10,041) for the year.
Assets
As at 28 February 2022 the charity held £724,817 (2021: £687,226) in unrestricted funds.
Reserves Policy
It is the policy of the Trust to maintain a reserves policy for minimum available funds, which is captured within the following policy, as amended following member consultation on the 2021 AGM:
The long-term aim of the Trust is to sustainably manage growth, with the goal to both grow the value of the investments held by the Trust, income generated by those investments, and the amount that is contributed towards the Scholarship.
The income generated by the investments has performed as follows:
| 2012/13 | £13,650 |
|---|---|
| 2013/14 2014/15 |
£14,196 £15,078 |
| 2015/16 | £15,357 |
| 2016/17 | £16,471 |
| 2017/18 | £16,290 |
| 2018/19 | £16,980 |
| 2019/20 | £16,310 |
| 2020/21 | £16,633 |
| 2021/22 | £18,577 |
The Trust intends to hold unrestricted reserves at least equal to the sum of:
-
Any forecast administration and operating expenditure anticipated over a future twoyear period.
-
Budgeted AGM expenditure for an upcoming year.
STATEMENT OF BOARD OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations. Charity law requires the trustees to prepare financial statements for each financial year. Under that law they are required to prepare
The Dance Scholarship Trust – registered charity no. 802165
- 4 -
For the year ended 28 February 2022
BOARD OF TRUSTEES' REPORT
the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the excess of income over expenditure for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.
This report was approved and authorised for issue by the Board of Trustees on 20 July 2022 and signed on its behalf by:
Philip Orchard
Chair
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and,
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Charities Act 2011. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the trustees confirm that they are happy that the content of the annual review in pages 3 to 5 of this document meet the requirements of the Trustees’ Annual Report under charity law.
They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing
The Dance Scholarship Trust – registered charity no. 802165
- 5 -
INDEPENDENT EXAMINER’S REPORT For the year ended 28 February 2022
I report to the Trustees on my examination of the accounts of The Dance Scholarship Trust (Charity number 802165) for the year ended 28 February 2022 set out on pages 7 to 15.
Respective responsibilities of trustees and examiner
The Charity's Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Charities Act). The Charity’s Trustees consider that an audit is not required for this year under section 144 of the Charities Act and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and,
-
to state whether particular matters have come to my attention.
This report, including my statement, has been prepared for and only for the Charity’s Trustees as a body. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body for my examination work, for this report, or for the statements I have made.
Basis of independent examiner’s statement
My examination has been carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns in connection with the examination or any other matter to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Andrew Philip Nash ACA
Member of the Institute of Chartered Accountants in England and Wales – 2461833
Dated: 13 December 2022
Andy Nash Accounting & Consultancy Ltd Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
The Dance Scholarship Trust – registered charity no. 802165
- 6 -
STATEMENT OF FINANCIAL ACTIVITIES For the year ended 28 February 2022
----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
Notes £ £ £ £
Income from:
Donations 6,441 - 6,441 10,009
Other trading activities 40 - 40 -
Investments 2 18,577 - 18,577 16,633
Total income 25,058 - 25,058 26,642
Expenditure on:
Raising funds 3 537 - 537 469
Charitable activities: 3 25,637 - 25,637 16,132
Total expenditure 26,174 - 26,174 16,601
Net income prior to revaluation
of investments (1,116) - (1,116) 10,041
Net gains/(losses) on
investments 4 38,707 - 38,707 44,941
Net movement in funds 37,591 - 37,591 54,982
Reconciliation of funds:
Total funds brought forward 7 & 8 687,226 - 687,226 632,244
Total funds carried forward 7 & 8 724,817 - 724,817 687,226
----- End of picture text -----
The notes on pages 9 to 15 form part of the financial statements.
The Dance Scholarship Trust – registered charity no. 802165
- 7 -
As at 28 February 2022
BALANCE SHEET
| Notes FIXED ASSETS Investments 4 CURRENT ASSETS Debtors and prepayments 5 Cash at bank and in hand CREDITORS:amounts falling due within one year 6 NET CURRENT ASSETS NET ASSETS FUNDS OF THE CHARITY Unrestricted funds: General funds 7 & 8 |
£ 4,759 20,200 |
Total Funds 2022 £ 725,273 (456) |
£ 4,759 15,393 |
Total Funds 2021 £ 667,989 19,237 |
|---|---|---|---|---|
| 24,959 (25,415) |
20,152 (915) |
|||
| 724,817 | 687,226 | |||
| 724,817 | 687,226 | |||
| 724,817 | 687,226 | |||
| 724,817 | 687,226 |
The notes on pages 9 to 15 form part of the financial statements.
These financial statements were approved and authorised for issue by the Board of Trustees on 20 July 2022 and signed on their behalf by:
Philip Orchard (Dec 19, 2022 19:58 GMT)
Philip Orchard
Chair
The Dance Scholarship Trust – registered charity no. 802165
- 8 -
NOTES TO THE FINANCIAL STATEMENTS For the year ended 28 February 2022
1. ACCOUNTING POLICIES
Basis of preparation of the financial statements
The financial statements have been prepared in accordance with ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019)’, and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), as well as the Charity Act 2011.
The effect of any event relating to the year ended 28 February 2022, which occurred before the date of approval of the financial statements by the Board of Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 28 February 2022 and the results for the year ended on that date.
Under the exemption available to smaller charities, the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.
The functional currency of the Charity is sterling and amounts in the financial statements are rounded to the nearest pound.
Legal status
The Dance Scholarship Trust is a charity registered in England & Wales, and meets the definition of a public benefit entity. The registered address is 37 Spital Square, London, E1 6DY.
Going concern
The financial statements have been prepared on the going concern basis as the Board of Trustees is confident that future reserves and future income is more than sufficient to meet current commitments. There are no material uncertainties that impact this assessment and the ongoing COVID-19 pandemic has had no material impact on this assessment.
Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Trust and which have not been designated for other purposes.
Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of any designated fund is set out in note 8 of the financial statements.
Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the Trust for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The Charity currently holds no restricted funds.
Income
Income is recognised when the Trust has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable.
Income from trading activities, which consists of income from members paying to attend the AGM and related activities, is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless it relates to a specific future period or event, in which case it is deferred.
Dividends are accounted for when due, and tax recoverable on such income is accounted for based on the repayment due in the fiscal year ending in that accounting year.
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at the period end.
Expenditure and irrecoverable VAT
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.
Grants payable are payments made to third parties in furtherance of the Charity's objectives. Unconditional grant offers are accrued in full
The Dance Scholarship Trust – registered charity no. 802165
- 9 -
NOTES TO THE FINANCIAL STATEMENTS For the year ended 28 February 2022
once the recipient has been advised of the grant award and the payment is probable. Where grant awards are subject to performance conditions that are outside of the control of the Charity these are accrued when the recipients have been notified of the grant award.
Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated proportionate to direct costs allocated to each area, as outlined in note 3 of the financial statements.
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Tangible fixed assets and depreciation
Only assets costing more than £500 are capitalised. Currently there are no assets held over this limit.
Cash at bank and in hand
Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but are not held for investment purposes.
Debtors and prepayments
Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due.
Creditors
Creditors are recognised where the Trust has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably.
Investments
Investments are initially measured at their cost and subsequently measured at their fair value at each reporting date, which gives rise to unrealised gains/losses at the end of the financial period which is reflected in the SOFA. Realised gains/losses are calculated as the difference between the sales proceeds and the opening carrying value or the purchase price if acquired during the financial period. Partial disposals are accounted for using the average value. Fair value is based on the quoted price at the balance sheet date without deduction of estimated future selling costs.
Financial instruments
Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.
Critical estimates and judgements
In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. The treatment of tangible fixed assets is sensitive to changes in useful economic lives and residual values of assets. These are reassessed annually.
In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.
The Dance Scholarship Trust – registered charity no. 802165 - 10 -
NOTES TO THE FINANCIAL STATEMENTS For the year ended 28 February 2022
2. INCOME FROM INVESTMENT ACTIVITIES
----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds Funds
2022 2022 2022
£ £ £
Dividends and interest in fixed asset investments 18,577 - 18,577
18,577 - 18,577
Unrestricted Restricted Total
Funds Funds Funds
2021 2021 2021
£ £ £
Dividends and interest in fixed asset investments 16,633 - 16,633
16,633 - 16,633
----- End of picture text -----
The Dance Scholarship Trust – registered charity no. 802165
- 11 -
NOTES TO THE FINANCIAL STATEMENTS For the year ended 28 February 2022
3. TOTAL EXPENDITURE
----- Start of picture text -----
Grants to Other Indirect Total
SPAB direct costs costs expenditure
2022 2022 2022 2022
£ £ £ £
Expenditure on:
Raising funds - 513 24 537
Charitable activities 24,500 - 1,137 25,637
24,500 513 1,161 26,174
Grants to Other Indirect Total
SPAB direct costs costs expenditure
2021 2021 2021 2021
£ £ £ £
Expenditure on:
Raising funds - 436 33 469
Charitable activities 15,000 - 1,132 16,132
15,000 436 1,165 16,601
----- End of picture text -----
Expenditure on raising funds consists of costs incurred in running the AGM and related events, as well donation processing fees.
Indirect costs, including governance costs, which cannot be directly attributed to activities, are
allocated proportionate to direct costs allocated to each area.
All expenditure in the current and prior years is unrestricted in nature.
Indirect costs consists of the following:
| Independent examiner's fee Website costs Other administrative costs |
Total Funds 2022 £ 915 225 21 1,161 |
Total Funds 2021 £ 915 226 24 1,165 |
|---|---|---|
The Dance Scholarship Trust – registered charity no. 802165
- 12 -
For the year ended 28 February 2022
NOTES TO THE FINANCIAL STATEMENTS
4. FIXED ASSET INVESTMENTS
----- Start of picture text -----
Total Total
Funds Funds
2022 2021
£ £
Market value brought forward 667,989 606,415
Additions at cost 58,577 76,633
Proceeds on disposal (40,000) (60,000)
Net (losses)/gains in period 38,707 44,941
725,273 667,989
----- End of picture text -----
----- Start of picture text -----
Analysis of market value of investments by
investment type:
Total Total
Funds Funds
2022 2021
£ £
COIF Investment Funds 602,518 558,313
COIF Fixed Interest Funds 75,438 40,936
COIF Deposit Funds 47,317 68,740
725,273 667,989
----- End of picture text -----
5. DEBTORS AND PREPAYMENTS
----- Start of picture text -----
Total Total
Funds Funds
2022 2021
£ £
Gift aid receivable 4,759 4,759
4,759 4,759
----- End of picture text -----
The Dance Scholarship Trust –registered charity no. 802165
- 13 -
For the year ended 28 February 2022
NOTES TO THE FINANCIAL STATEMENTS
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
----- Start of picture text -----
Total Total
Funds Funds
2022 2021
£ £
-
Grants payable to SPAB 24,500
Accruals 915 915
25,415 915
----- End of picture text -----
7. ANALYSIS OF CHARITY FUNDS
----- Start of picture text -----
Balance Income Expenditure Net gains/ Transfer Balance
brought for the in the (losses) on between carried
forward period period investments funds forward
2022 2022 2022 2022 2022 2022
£ £ £ £ £ £
Unrestricted
funds 687,226 25,058 (26,174) 38,707 - 724,817
-
687,226 25,058 (26,174) 38,707 724,817
Balance Income Expenditure Net gains/ Transfer Balance
brought for the in the (losses) on between carried
forward period period investments funds forward
2021 2021 2021 2021 2021 2021
£ £ £ £ £ £
Unrestricted
funds 632,244 26,642 (16,601) 44,941 - 687,226
-
632,244 26,642 (16,601) 44,941 687,226
----- End of picture text -----
The Dance Scholarship Trust –registered charity no. 802165
- 14 -
NOTES TO THE FINANCIAL STATEMENTS For the year ended 28 February 2022
8. ANALYSIS OF NET ASSETS BETWEEN FUNDS
----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds Funds
2022 2022 2022
£ £ £
Fixed assets 725,273 - 725,273
Current assets 24,959 - 24,959
Current liabilities (25,415) - (25,415)
-
724,817 724,817
Unrestricted Restricted Total
Funds Funds Funds
2021 2021 2021
£ £ £
Fixed assets 667,989 - 667,989
Current assets 20,152 - 20,152
Current liabilities (915) - (915)
-
687,226 687,226
----- End of picture text -----
9. TRUSTEE REMUNERATION
During the year, no Trustee received any remuneration (2021: £NIL).
No members of the Board of Trustees received reimbursement of expenses (2021: £Nil) for acting in their role as a Trustee.
10. RELATED PARTY TRANSACTIONS
There were no related party transactions during the current period (2021: £Nil).
The Dance Scholarship Trust –registered charity no. 802165 - 15 -