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2025-03-31-accounts

Nikkan Dance Academy

Scottish Charity Number: SC052870 Reporting Period: 1 April 2024 – 31 March 2025 Date of Report: 30/11/2025

Contents

  1. Reference and Administrative Information

  2. Structure, Governance and Management

  3. Objectives and Activities

  4. Achievements and Performance

  5. Challenges and Future Plans

  6. Financial Statements

  7. Independent Examiner’s Report

  8. Governance and Trustee Responsibilities

  9. Statement of Trustees’ Responsibilities

  10. Approval of the Report

1. Reference and Administrative Information

Bankers

● Barclays Bank UK PLC, 1 Churchill Place, London E14 5HP

2. Structure, Governance and Management

Governing Document

Nikkan Dance Academy is governed by a constitution , adopted on 21st December 2023 . It outlines the charity’s purposes, trustee responsibilities, and administrative procedures.

Appointment of Trustees

Trustees are appointed through nomination , typically serving terms of 3 years. Induction includes familiarisation with governance requirements, safeguarding, and financial oversight.

Organisational Structure

The Academy is managed by a small operational team overseen by the Board of Trustees. Day-to-day decisions are delegated to the Artistic Director and admin support, while strategic decisions are made in quarterly trustee meetings.

Risk Management

The trustees have reviewed the key risks facing the organisation and are satisfied that appropriate measures are in place to manage them. As a small dance institute with a limited staffing structure, the following principal risks have been identified:

1. Dependence on Key Personnel

The organisation relies heavily on one principal teacher for programme delivery and continuity. Any prolonged absence could impact class schedules and service provision. To mitigate this, trainee teachers are being trained to support core activities and ensure basic operational continuity.

2. Financial Sustainability

As a small charitable institute, income fluctuations—particularly in class enrolment, workshop bookings, or grant availability—may affect financial stability. Regular financial monitoring, maintaining reserves, and diversifying income streams support long-term sustainability.

3. Operational Disruptions

Uncertainties such as venue availability, health-related disruptions, or changes in regulatory requirements could affect the delivery of activities. The organisation maintains strong relationships with venue partners and follows relevant health and safety guidance to minimise disruption.

4. Safeguarding concerns

Safeguarding concerns in a dance institute arise from risks such as inadequate supervision, unclear boundaries, insufficient checks on staff, or unsafe studio practices when working with children. These are mitigated by having a strong safeguarding policy, conducting PVG checks, providing regular staff training, maintaining proper supervision ratios, and establishing clear reporting procedures.

The trustees will continue to monitor these risks throughout the year and ensure that appropriate controls and contingency plans remain in place.

3. Objectives and Activities

Charitable Purposes

The Academy exists to:

Public Benefit Statement

We provide clear public benefit through:

Main Activities in 2024–25

4. Achievements and Performance

Participation

Community Impact

Key Achievements

● Successful debut/continuation of the events:

5. Challenges and Future Plans

Challenges

Future Plans

6. Financial Review

Income and Expenditure Summary :

The organisation maintained a sound financial position throughout the financial year [1 April 2024 – 31 March 2025] , ensuring that all funds were managed prudently and in line with our charitable objectives.

Total income for the year was £13,871 , generated through a combination of class and workshop fees and performance income. We remain grateful to our supporters, funders, and participants whose contributions enable us to continue delivering high-quality dance programmes and community projects.

Total expenditure amounted to £7,941 , reflecting costs associated with programme delivery, venue hire, dance teacher fees, marketing, and administration. All expenditure decisions were made with due diligence to ensure that resources were directed towards achieving our charitable aims and maximising community impact.

At the end of the financial year, the organisation held a closing balance of £5,930 , providing a stable foundation for future activities and strategic development.

The trustees are satisfied that the organisation remains financially sustainable and compliant with relevant regulatory requirements. We will continue to exercise careful financial management to support our long-term mission of promoting access to dance and fostering creativity within the community.

Income Summary : Various sources of income is summarized below -

Source of Income Amount (in GBP)
Class fees 12,779
Event Sponsorships 600
Event Tickets 476
Workshop fees 16
Funding 0
Total Income 13,871
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  4. Approval of th• Roport