REGISTERED CHARITY NUMBER: SC041483 Report of the Trustee5 8Dd Unaudited Financial Siatemenls for the Yt#r Ended 31 July 2024 for JAZZ ART UK DANCE COMPANY Watson & Co. Oakfield House 378 Brandon Street Mothenvell NORTH LANARKSHIRE MLI IXA
JAZZ ART UK DANCE COMPANY Contents of the Financial Statements for the Year EBded 31 July 2024 Page Report of the Trn5tees Independetht Examiner's Rtport Slatement of Financial Aclivilies Balanct Sheet Notes 10 (he Flnameial Statements
JAZZ ART UK DANCE COMPANY Report of tht Trustees for the Year Ended 31 July 2024 The trnsiees present their report with the financial statements of the charity for the year ended 31 July 2024. The tnleeS have adopted the provisions of Accouniing and Reponing 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} (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The objectives of ihe Association are to educate, promote. maintain. improve, advance and encourage the preseniaiion and appreciation ofjazz dance in all its form. Page I
JA71 ART UK DANCE COMPANY Report of the TT115tees for the Y¢ar Ended 31 July 2024 ACHIEVEMENT AND PERFORMANCE Charitable aetivitie5 Throughout th¢ year we developed new ¢la5ses and workshops within our CU]CuluMI11metab1e. The focus now is to susiain and develop our performance and training companies at all levels and ages. ITr11e tying to embrace 2 vtry differ¢nt approach io learning. it is very obvious thai last couple of )'ears has seen a vasl change in expettati()ns. Stamina and work ethtc. While Inany long for a reium 10 a Pre covid life digital development has made this impossible as we steam ahead to a new Al horizon. Firsily, we will updaie on last year'5 future plans. l. Refvrbish studio-all arvd5 now d¢coraied new lighting and sound installed in both studios. Due ongoing roof repairs and alrerations new signage is on hold. 2. We staged our Master¢la5s Summer intensives in July .which were well att¢nd¢d but not full. We will develop ihis project during the summer break. 3. Developed our partnership with the OVO Hydro,, for Xrnas 24. 4. New website noiv active and being updated monthl!. IIL" -i%tralion now for all courses available online. 5. Redevelopment of SQA courses on hold due to SQA Inaintains the status qw> and ongoing strike action 6. We still Strive to keep students p(>silive and proactive in challenginK tim¢s. 7. Development of wellness sessions for secondary age. D¢velopinent of ow associates scherne now, sees 14 ballet scholars and 22 ja7z scholars attend free HEekly training Mqth 7 Inembers now algo part of Sco)ttish ballei and SDTA associate training with 3 being accepted into The Dance school of Scotland. We plan to develop Ihis in 2025 through community outreach. Again. we weie w'ell repres¢nted in Fesiive produciions and tours Ilith graduaies appeaTIEILI In lding roles alongside our youngesi perfonners making iheir professional stage debu(. We perfornied again al 'GO DANCE, at ihe Theatre Royal Glasgiow{postponed in January due to the Siom]l and developed our school's outreach.. Forthcoming developments in 2025 ]]] be to utilise Dur studio ih¢atre for more inhouse productions with the diminishing nwnber of venues both small and large scale this facility will be invaluable for both stud¢nt pr(Kluctions and fvndraisers . It has a capacity of 80 and the design of our cernre ¢nsures we can create an effici¢mt perfornance space. Our graduates continue to forge hugel5' successful care¢r5 worldwide with many now in national tr& Mesi end and TV contracts and now. taking leading roles in W¢& Cr and touring Musicals. We have sustained our registration numbers and now need to work at enTolling secondary pupils. It is still worying th¢ lack of members from senior SC01 age; many want to be famou5 and dorfi see the point of working hard to crcatc opponLmilies. We w211 continue to creaie follow Ihrough opponuniiies to PTofessional performanc¢5 this )ear saw soine of OUT Graduates again feature in Motherwell's Eas(er Panio including choreographic cJtdi¢5 another HNC Student ha5 taken on an appreniice role and our .juniors appe3r¢d in nall roles in several iv productions plus naiional adverthsing campaigns. We must invest in our full-time pr0MMe in 2025. Pain and simple numbers need to improve io survive long lerni. Teachers We slrive to mainttin a strong cohort of professional practiiioner& however thi4 is provino hard io 8114tain diie lo demand for Jjryature pertoriiiLr%. 11.. Lhaiibjisig trLiids 11110 oui. illuUSlI) liigliligliis Ili¥ ii¥Ld IUS. siuJeiiis 10 Continually seek show time 10 the detriment of training'development time. We are planning an annual awdy dav to look at new ideas in deliverv or(hnique as the o]d exam Structure is in need of an overhaul to Sustain interest and focus. Page 2
JAZZ ART UK DANCE COMPANY Report of the Trustees for the Yvar Ended 31 July 2024 FINANCIAL REN'IEW Reserves policv The Trustees of ihe charity have $¢1 rh¢ r¢s¢rYe5 policy at a level so that ihere are sutyicient funds to covtr: l. Twelve month5 of operations in the event of any unplanned closur¢ and ils impact on beneficiaries and other financial committnents.. 2. Flu¢tuatIo in annual projected income. aThl 3. Unforeseeable and uneKpected financial ¢ommitm¢ntS, such as emergency repairs and renewals. FUTURE PLANS Financially we are stable and many of our dev¢lopments have been highly successful however some need refocused and reworked in 2024125. As we launch our new tirnetable for 24125. we will introdu¢¢ our adult tiTnetable including.. Dancercise- Highly su¢c¢ssful. Barre Blast- not Continuing. Tap Attack- cancelled due lo leacher leaving county- Showstoppers choir- renamed Musical Mania¢5 resuming Augusl. Develop our scholarship programiTJ¢ for both part time and full-time courses.- Highly successful and developing in 2025. - FurtheT Prornote r outreach programme.- Highly SCeSSful We go inio our new y¢ar with an open mind lo the changes coming in a new age of Al and ready io nurture our perforn)ers of the future . Sincere thanks to everyone who has been so supportive oier the last few year5. Here's to JaT2art's resilience and prosperous atMI healthi futu. STRUCTURE, GOVERNANCE AND mANAGEmET Governirt% do¢ument The ¢harity is Controlled by it5 governing document. a deol of trust and ¢onstilutes an unincorpixated charity. Reernitment •nd *pwbintmenl of trusttes As set oul in the constitution. new trustees must make Iheir application in witingF to th¢ existing InemFtr5 of Jazz Art Uk Danc¢ Cornpany prior lo Ihe Annual General Meeiing IAGM). New Trust¢cs can th¢n be considered for appointineni by the existing members of Jazz An Uk Danc¢ Company at thc AGM. REFERENCE AND ADMINISTRATIVE DETAILS Registered Ch4rily number SCn41483 Page 3
JAZZ ART UK DANCE COMPANY R¢port of th¢ TTIISttts for the Year Ended 31 JlY 2024 REFF.RF.NCE 4I%D 4DMINISTRATIVE DETAILS Oakfield Hous¢ 378 Brandon Stre Mothcrwell NORTH LANARKSHIRE MLI IXA AppToved by order of the board of trust¢es on.......... - and signed on lis behalf by.. Page 4
Independent Examiner's Report to the Truslee5 Lbf Jau Art UK Danee Comp4ny I repon on t accounts for ihe year ended 31 July 2024 t oui on pages SIK to eleven. Respective responsibilitie5 of trustees and ¢xamiTrer The charity's trustees are responsible for the preparation of the accounts in accordance wilh the t¢mis of ihe Charities and Trustee Investment (S¢otlandi Act ?005 and the Chariti¢s Accounts (Scotlarnll R¢&Julations 2006 las amended). The charity's trus1ees consid¢r ihat the audit requirem¢nt of Rcgulalion l 01 l)(al lo (c) of ihe Accounts Regulations does t apply. It is my responsibilitv to examine the a¢counts as required under Section 4411 Ilc) Df ihe Aci and io state wTrrther parti¢ular matters Fove come io my attcntion. Basis of the independent examiner's rep)rt My examination was caJTied oui in accordance with Regulation I l of the Charities Accounts Iscotlandl Regulations 2006. An exainination includo a review of the accounting records kept by the charity and a comparison of the ac¢ounts PTesented with those ffcords. li also includes consideration of any unusual iiems or disclosures in the ac¢ounts. and seeking explanaiions frotn you as ttwsiees ¢oncerning any such matters. The procedures undertaken do not provide all Ihe evidence that would be required in an audit. and consequenily I do not expre an audit opinion on the vie, given by (he wcounts. Iidependtnt ¢xaniiDtr's Statement In connection with my examinion, no matter has come io my attention ( l) giv¢s me reasonable cause to b¢li¢v¢ thai, in any material res¢, th¢ requirements to keep accouniing ordS in accordance with Section 4411)(a) of the 2005 Act 2nd Regulation 4 of the 7006 Accounts Regulatiotis. and to prepare accounts which accord wilh the a¢¢ounting records and io comply with Regulation 8 of the 2006 Accounts Regulations have not been mei; or (2) to which, in my opinion. atteniK)n should be drawn in order io enabl¢ a proper understsnding of ihe a¢count5 to be reached. Watson & Co. Odkfi¢ll Houie 378 Brandon Sireet Mo(henvell NORTH LANARKSHIRE MLI IXA Page 5
JAZZ ART UK DAf4CE COMPANY Statement of Finaneial Activities for the Ytar Ended 31 July 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and lega¢i¢s 5,518 Charitable aetivlties General 139,151 113,021 Other trdding activities Investment income Oiher income 1.306 3.356 731 832 Total 149.447 14,584 EXPENDITURE ON Raising funds 1,578 Charitable 8¢¢ivities Generdl 108.237 88.345 (hher 1,928 1.995 Total 111.743 90,340 NET INCOME 37,704 24.244 RECONCILIATION OF FUNDS Toial funds brought fonvard 315,413 291.169 TOTAL FUNDS CARRIED FORWARD 353,117 315.413 The notes fom part of ihese financial statements Pae 6
JAZZ ART UK DANCE COMPANY Balance Sheet 31 Jul)" 2024 2023 Total funds Unrestricted fijnd Notes CURRENf ASSETS D¢biors Cash at bank 1.732 352.586 2,123 314,491 354.318 316,614 CREDITORS Amounts falling dLf Within Dne year (1201) 11.201} IYET CURRENT ASSETS 353,117 315.413 TOTAL ASSETS LESS CURRENT LIABILITIES 353.117 315.413 NET ASSETS 353.117 315.413 FUNDS Unrestricted funds 353.117 315.41i TOTAL FUNDS 353.117 315.413 The financial statements w¢re approved by the Board of Trustees and authorised for issue . and were sigt*d on its behalf bv.. on The notes fomi part of these finan¢ial st&i¢ments Pa%¢ 7
JAZZ ART UK DANCE COMPANY Notes to the Financial StattmeNts for the Year Ended 31 Jul) 2024 ACCOUNTING POLICIES Bagis of preparing the fln#ncisl statements The financial siaiements of the charity, which 15 a public benefit entity under FRS 102. have been prepared in accordance wth the Charities SORP {FRS 1021 'Accounting and Reporting by Charities.. Stateinent of Recommended Practice applicable to charities preparing their accounis in accordan¢e with the Financial Reporttng Siandard applicable in the UK and Republi¢ of Ireland IFRS 102) (effeciive l January ?019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in ihe UK and Republic of Ireland. and the Charities and Trustee Investment (Scotland) Aci 2005. The financial stateTnents have been prepared under the historical cost convention. Income All income is r¢cognised in ihe Statement of Financial Activities once the charity has entitlement to ihe fund& it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or construetive obligation committing the charity to thai expenditure, it is probable ihai a transfer of economic benefits will b¢ required in sellletnent and the amouni of the obligation can be measured relEably. Expenditure is accounted for on an accruals basis and has been classified under headings rhai aggre&Jate all cosi related to the category. Where costs cannot be directly attribuied to particular headings they have been allocated to activities on a basis consistent wilh the use of resource5. Taxatlon The charity is exempi from tax on its ¢haritable activities. Fund accounting UnrestrÈcted fimds can be used in accordance with the Charitable objeciives at ihe dis¢r¢tion of ihe trusitts. Reslricied funds can only be used for particular restricted purposes withÈn the objeeis of the charity. Restriciions arise when specified by ihe donor or when funds are raised for particular resthcted purposes. Further explanaiion of the nature and purpose of eaeh fvnd is included in the not¢5 to the financial statements. OTHER TRADIP4G ACTIVITIES 2024 2023 Rent received 1.306 731 INVESTMENT INCOME 2024 2023 Deposit account interest 3,356 Page 8 continued...
JAZZ ART UK DANCE COMPANY Notes to the Financial StatemeDts- continued for the Year Ended 31 July 2024 RAISING FUNDS Raising donations 2nd l¢gacies 2024 2023 Support costs TRusfEES' REMUNERATION AND BEf4EFITS 2n24 2023 Ttwtees, salaries 5.032 It was agreed by the board of trustee5 that her tNstee duties. that she provid¢d during IliL I LEIr. would be remunerated for the addiiional seThices, outwith Trn$tees' expensos During the year travel cosis totalling £Nil were reimbursed to trustees12Q23 £1.710). COMPAtI4TIVES FOR THE STATEMEf+¥T OF FINANCIAL ACTIVITIF.S Ilnrestricted fiind INCOME AND ENDOWMEJYTS FROM Charitablt #etivilies Ga)eral 113,021 Otherirading activities Other incorne 731 832 Total 114.584 EXPENDITURE ON Charitable aclivities Generdl 88,34.5 Other I,1)9.S Total 9(1,34 NET INCOME 24,244 RECONCILIATION OF FUNDS Total funds broughi forwaTd 291.169 TOTAL FLNDSCARRIED FORWARD 315,413 Page 9 continued...
JA72 ART UK DANCE COMPANY Notes to the Financial Statements- eontitsthed for the Year Ended 31 July 2024 DEBTORS: AMOUNTS FALLING DUE WJTHIN ONE YEAR 2024 2023 Other debtors Prepajinenis 391 1.732 1,732 1,732 2.123 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 her creditor5 1.201 1,201 MOVEMENT IN FUNDS Net movement in funds At 31.7.24 At 1.8.23 Unreslric¢ed funds General nd 315,413 37.704 353.117 TOTAL FUNDS i15,413 37.704 353.117 Nei movement in funds. included in the above are as follows.. Incoming resources Resources expended Movemenl in fvnds Vnreslrleted funds General fund 149.447 (111,7431 37.704 TOTAL FUNDS 149,447 (111,743) 37.704 Comp8ratives for movement in funds Net movement in funds At 31.7.23 At 1.8.2? Umrestricted funds General fvnd 291.169 24.244 315,413 TOTAL FUNDS 291.169 24,244 315.413 Pag¢ 10 continued...
JAZZ ART UK DANCE COMPANY r4otes to tht Fingncial St#temtnls- tontinued for the Yegr Ended 31 July 2024 MOVEMENT IN FUNDS- fonlinued Comparative net movement in fiu)ds. include41 in the above are as follows.. Incoming resources R¢50urces expended Movernent in fijnds Uthrestricted funds General fund 114.584 (90,3401 24.244 TOTAL FUNDS 114.584 (90,340) 24244 Unrestricted funds can be used tn accordance with the charitable objeciives ai the diser¢tion of the rrusiees. At the year end all funds held were unrestricted. Restricted are where the donor or grant provider has speeified a particular restriction to the funding for Jazz Art to catry oui its charitable purpose. Ai the year end there were no restricted funds held. 10. RELATED PARTY DISCLOSURES There were no related party tran5acttons for the year ended 31 July 2024. ULTIMATE CONTROLLING PARTY The trustees are in ultimate control of the charity. Pagell