IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044986302023-03-31044986302024-03-31044986302023-04-012024-03-31044986302022-03-31044986302022-04-012023-03-31044986302023-03-3104498630ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-3104498630ns15:PoundSterling2023-04-012024-03-3104498630ns11:FRS1022023-04-012024-03-3104498630ns11:IndependentExaminationCharity2023-04-012024-03-3104498630ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104498630ns11:FullAccounts2023-04-012024-03-3104498630ns11:CharitiesSORP2023-04-012024-03-3104498630ns16:EnglandWales2023-04-012024-03-3104498630ns11:RegisteredOffice2023-04-012024-03-3104498630ns0:Trustee22023-04-012024-03-3104498630ns0:Trustee32023-04-012024-03-3104498630ns0:Trustee12023-04-012024-03-3104498630ns0:Trustee42023-04-012024-03-3104498630ns0:Trustee52023-04-012024-03-3104498630ns0:Trustee62023-04-012024-03-3104498630ns0:Trustee72023-04-012024-03-3104498630ns0:Activity122023-04-012024-03-3104498630ns0:TotalUnrestrictedFundsns0:Activity122023-04-012024-03-3104498630ns0:Activity12ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3104498630ns0:Activity122022-04-012023-03-3104498630ns0:Activity132023-04-012024-03-3104498630ns0:TotalUnrestrictedFundsns0:Activity132023-04-012024-03-3104498630ns0:TotalRestrictedIncomeFundsns0:Activity132023-04-012024-03-3104498630ns0:Activity132022-04-012023-03-3104498630ns0:TotalUnrestrictedFunds2023-04-012024-03-3104498630ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3104498630ns0:Activity82023-04-012024-03-3104498630ns0:Activity8ns0:TotalUnrestrictedFunds2023-04-012024-03-3104498630ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3104498630ns0:Activity82022-04-012023-03-3104498630ns0:Activity92023-04-012024-03-3104498630ns0:TotalUnrestrictedFundsns0:Activity92023-04-012024-03-3104498630ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3104498630ns0:Activity92022-04-012023-03-3104498630ns0:Activity102023-04-012024-03-3104498630ns0:TotalUnrestrictedFundsns0:Activity102023-04-012024-03-3104498630ns0:Activity10ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3104498630ns0:Activity102022-04-012023-03-3104498630ns0:Activity112023-04-012024-03-3104498630ns0:Activity11ns0:TotalUnrestrictedFunds2023-04-012024-03-3104498630ns0:Activity11ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3104498630ns0:Activity112022-04-012023-03-3104498630ns0:TotalUnrestrictedFunds2023-03-3104498630ns0:TotalRestrictedIncomeFunds2023-03-3104498630ns0:TotalUnrestrictedFunds2024-03-3104498630ns0:TotalRestrictedIncomeFunds2024-03-3104498630ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-03-3104498630ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2024-03-3104498630ns10:WithinOneYear2024-03-3104498630ns10:WithinOneYear2023-03-3104498630ns10:FurnitureFittingsToolsEquipment2023-04-012024-03-3104498630ns10:ComputerEquipment2023-04-012024-03-310449863022023-04-012024-03-3104498630ns10:OwnedAssets2023-04-012024-03-3104498630ns10:OwnedAssets2022-04-012023-03-3104498630ns0:TotalUnrestrictedFundsns0:Activity122022-04-012023-03-3104498630ns0:Activity12ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3104498630ns0:TotalUnrestrictedFundsns0:Activity132022-04-012023-03-3104498630ns0:TotalRestrictedIncomeFundsns0:Activity132022-04-012023-03-3104498630ns0:TotalUnrestrictedFunds2022-04-012023-03-3104498630ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3104498630ns0:Activity8ns0:TotalUnrestrictedFunds2022-04-012023-03-3104498630ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3104498630ns0:TotalUnrestrictedFundsns0:Activity92022-04-012023-03-3104498630ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3104498630ns0:TotalUnrestrictedFundsns0:Activity102022-04-012023-03-3104498630ns0:Activity10ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3104498630ns10:FurnitureFittings2023-03-3104498630ns10:ComputerEquipment2023-03-3104498630ns10:FurnitureFittings2023-04-012024-03-3104498630ns10:FurnitureFittings2024-03-3104498630ns10:ComputerEquipment2024-03-3104498630ns10:FurnitureFittings2023-03-3104498630ns10:ComputerEquipment2023-03-3104498630ns10:WithinOneYear2023-04-012024-03-31
REGISTERED COMPANY NUMBER: 04498630 (England and Wales)
REGISTERED CHARITY NUMBER: 1098505










Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Eleni Dance Ltd

Eleni Dance Ltd






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7

Notes to the Financial Statements 8 to 13

Eleni Dance Ltd (Registered number: 04498630)

Report of the Trustees
for the year ended 31 March 2024



The Trustees who are also the Directors of the Charity for the purposes of the Companies Act 2008, present their report with the Financial Statements of the charity for the year ended 31st March 2024. The Trustees have adopted the provisions of 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) (effective 1 January 2020)

Eleni is a not-for-profit dance development organisation, driven by a team of passionate dance and arts professionals. Our unwavering commitment is to provide meaningful dance experience for Denbighshire, Flintshire and Wrexham, in North East Wales. The Company has its registered address as Deeside Leisure Centre, Flintshire.

Eleni is a registered charity- and was one of Arts Council of Wales revenue funded clients until 31st March 2024. Since losing the funding it now seeks to explore new funding streams through private trusts, foundations and stakeholders. It also seeks additional funding from the National Lottery as well as receiving funding from the three local authorities of Denbighshire, Flintshire and Wrexham.

Eleni's activities take place over a geographical area stretching from the coastal area of north Flintshire- to the densely populated parts of Wrexham, and the rural areas of Denbighshire. The company has a strong track record of delivering high quality dance/ movement based activities. It benefits from well established relationships with its stakeholders.

At the beginning of the financial year, Eleni had a core team which included the Artistic Director, and a Project Manager. Both of these have now left. At present we have one full time a Project Coordinator/Dance Practitioner. Trustees have taken over some of the roles on a caretaker basis. The company employs a team of highly talented, freelance seasoned dance practitioners and aims to continue to offer the team interesting and creatively challenging opportunities. Eleni takes pride in investing and supporting its team of dance practitioners to ensure that they remain nourished, passionate and confident in their practice. The team has developed unique skills that has enabled them to adapt practice to work effectively with diverse participant groups.

The organisation offers opportunities for all ages and abilities, develops standards of teaching provision and engages communities in dance pursuits. Eleni offers a range of classes and workshops in different dance styles as well as targeted projects in the community The company strives to bring the arts to the communities it serves, grow new audiences for dance, create and commission new dance work as well as offering training to teachers and dance professionals, and initiate cross-art form collaborations.

The company has earned a strong reputation for its breadth of work, innovative practices and collaborative partnership working. It embraces equality and diversity in its practices and works with, amongst many types of groups, hard to reach young people, children and adults with additional needs, mature people, more technically advanced dancers who may progress onto professional training, as well as individuals 'at risk'. The sessions are delivered in-both Welsh and English medium groups. Over the years ACW has commended Eleni for its work with 'at risk'/'isolated' communities, such as Refugees and Asylum Seekers, and residents at HMP Berwyn, Blind Deaf groups and those suffering with Parkinson's, to highlight a few. Eleni has been working hard to develop its expertise with 'Protected Characteristics'/'at risk' groups and exploring the power that dance can have on individual mental health, self-worth and well- being in a variety of settings.

We, the Board of Trustees, are very proud of the collaborative relationships with renowned organisations such as Ballet Cymru and Dance United UK, that work with underprivileged children. These relationships help to strengthen the sector by sharing and developing practice, raise the standards of provision; and offer exciting opportunities for the participants.


Eleni Dance Ltd (Registered number: 04498630)

Report of the Trustees
for the year ended 31 March 2024

OBJECTIVES AND ACTIVITIES
Objectives
Following the Rebranding to Eleni, the tag line on publicity is "Experiencing Dance Differently".

The organisation offers opportunities for all ages and abilities, develops standards of teaching provision; and engages communities in dance pursuits. Eleni offers a range of classes and workshops in different dance styles as well as targeted projects in both communities and schools. The company strives to bring the arts to the communities it serves, grow new audiences for dance, create and commission new dance work, offer training to teachers and dance professionals, and initiate cross-art form collaborations.

The loss of funding from the Arts Council of Wales (ACW) has meant a lot of restructuring for the staff and greater support from the Trustees. The decision by the Trustees in January to continue working for a Way Forward has been a lengthy process. The loss of the Finance Officer, and the notice of Voluntary Redundancy from the Artistic Director, meant that drastic measures had to be taken. The application and approval for Transition Funding from the Arts Council of Wales gave the opportunity for a total rethink.

Activities during the Year
The focus for a great part of the activities have been based on the (ACW) Create Funding -Empower, Nurture Connects, which had three strands. Dancing with Dinosaurs (DWD:- Mudo and Curiad. There were new challenges mainly due to new networks which Eleni had to foster.
*DWD focused on a partnership with the National Museum of Wales, Jurassic Live for the delivery aspect and Flintshire County Council, Volunteering Matters, Denbighshire Leisure Ltd, The Red Cross and Your Space for participant engagement. The groups enjoyed sharing languages which included English, Welsh, Ukrainian and Syrian. Each group gave a live performance.
*Mudo, partnered with CLWP and engaged Palops participants in Wrexham. The African/ Portuguese group participated in workshops and performances. This is also a mentor programme where we support Lisinaytre Lopes, who runs the group to develop her skills in specific areas.
*Curiad, partnered with Deafblind UK. The work went well and a second project was requested. For this project Eleni employed a creative writer/musician, Martin Daws, who has helped practitioners to deepen rapport, practice and purpose. This work has been captured on film.

A further bid for Arts Council funding was made for Creative Connections-which planned projects with some of the previous groups together with new groups. This project will run until December 2024.
* Palops Group. The ladies have been learning Salsa and Bachata to expand their movement vocabulary and influence their new piece of choreography.
* Eleni re-engaged with Jeydickson Lima, to work with the group developing a section of Afrohouse and Kizomba choreography to embed into the new routine.
* Wrexham Deaf/ Blind Group ( Curiad 2) Eleni worked in delivering movement and spoken/ written word. he The programme will include three sessions within the setting of Ruthin Goal.
*Gofod. This will focus on research and consultation concerning Junior and Youth Dance provision as well as career pathways for developing Welsh medium dance practitioners. Also, looking at why Welsh language dance teachers choose to leave Wales.
* KIM Inspire Project working in Corwen, Prestatyn and Holywell.
* Stand North West has commissioned a musician from Theatr Clwyd to collaborate with the group.
* Mudo 2 Eleni will work with Ukrainian families in Rhyl and they all performed as part of a Cultureal Celebration at Christ the Word School in Rhyl.
* Joshua Tree. A small pilot project working with 4 children from the company's caseload. The organisation works with families who are affected by childhood cancers.
* Dance & Digital Project. This project was offered to Ysgol Queensferry. Eleni worked at the school and the Skate park. Film maker Rob Spaull was commissioned to film the project.(This was not part of the create project, but a separate application - Explore )
*Eleni continues to work in partnership with Ballet Cymru to deliver a programme at Ysgol Ty Fynnon.
* Open Access classes continue with Reach and Reset, Denbighshire Movers, and Ruthin Movers.
* Welsh Language Learning. Our Project Coordinator/Dance Practitioner continues her Welsh Language course

FINANCIAL REVIEW
Principal funding sources
Until March 2024, the organisation continued to receive invaluable support from the Arts Council of Wales. However following the Investment Review they lost their Core Funding but were successful in gaining Transitional Funding. They also have a Lottery grant which provides project funding until December 2024.


Eleni Dance Ltd (Registered number: 04498630)

Report of the Trustees
for the year ended 31 March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing board
The Charity is controlled by its governing document, a deed of trust and constitutes a limited company, limited by guarantee, as defined by the Charities Act 2006. There is a use of 'Limited' exemption in place. Each member promises, if the Charity is dissolved while he or she remains a member within 12 months afterwards, to pay up to £5 towards the costs of dissolution and the liabilities incurred by the Charity, while the contributor was a member. Eleni operates as a registered Charity.

Organisational structure
Board of Trustees.

Chair: Margaret Bithell

Vice Chair: Gwenno Jones

Treasurer: Karen Armstrong

Trustees:. Christine Dukes- Jeanette Smith- Alan Whitfield -Ian Carey

The Board is now in a new phase of development. Due to the loss of core funding from the Arts Council of Wales the Board is setting up a new structure to determine the future of the company. Some of the financial operations were taken over by our Accountants, Salisbury and Company towards the end of the financial year. The Board of Trustees very much appreciates the advice and input in the past from the major stakeholders - notably Carys Wynne-Williams of the Arts Council of Wales, together with the representatives from Wrexham - Morgan Thomas, Denbighshire- Sian Fitzgerald and Flintshire County Councils. The Board meets up to six times per year and sub-groups are formed to look in detail at specific issues. Policies are regularly revised and the Staff Handbook updated.

Staffing
With the loss of funding the staffing structure is in the process of change. Angela Fessi, Artistic Director of Eleni. will leave at the end of May. Caitlin Kirkham, who was the Project Manager and Finance Officer, left in March. Joanne Oakes who was part time Dance Practitioner and Office Administrator is now full time and taken on the new role of Project Coordinator/ Dance Practitioner. Trustees have taken over some of the administration, project management and finance.
Dance activities are delivered by a team of freelance professional dance practitioners. These are delivered though the medium of Welsh and English.

With the Transition Funding, Eleni is looking to bring in three consultants- to look at Business Planning, Funding and Communication. These will help us to diversify our working methods to become a more viable and resilient organisation.

Induction and training of new trustees
New Trustees undergo an Induction Process; this includes an identification of skills audit and consideration of each Trustee's appropriate continuing professional development. An induction package is provided ( Company's Memorandum & Articles of Association, plus policies, handbook, guidelines, including Charity Commission circulars and training materials e.g. Trustees Roles and Responsibilities). A new Trustee Handbook is being compiled. Specific training courses are discussed. The opportunity to attend appropriate courses is also included.

Following our appointment of the consultants and as part of the Transition Funding, a workshop is planned for the whole company.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04498630 (England and Wales)

Registered Charity number
1098505

Registered office
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN


Eleni Dance Ltd (Registered number: 04498630)

Report of the Trustees
for the year ended 31 March 2024

Trustees
Mrs G E Jones
Ms C Dukes
Mrs M Bithell
Ms J L Smith
Ms K Armstrong
Mr A Whitfield
Mr I Carey (appointed 7/9/23)

Independent Examiner
Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

FINANCE
Eleni was a revenue funded organisation of Arts Council of Wales. Transition Funding will enable the company to put in place a secure pathway for the future.

In conclusion

As Chair, I would like to record my sincere appreciation of the support of the other Trustees, the advice and encouragement from the Arts Council and the local authorities and the tireless work of the staff and practitioners.

Approved by order of the board of trustees on 24 June 2024 and signed on its behalf by:





Mrs M Bithell - Trustee

Independent Examiner's Report to the Trustees of
Eleni Dance Ltd

Independent examiner's report to the trustees of Eleni Dance Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Aled Roberts BA FCA

Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

3 September 2024

Eleni Dance Ltd

Statement of Financial Activities
for the year ended 31 March 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities 3
Income from Classes 12,111 - 12,111 11,337
Arts Council Wales grant income 109,899 - 109,899 118,869
Local Authority grant income 2,320 - 2,320 -

Investment income 2 1,305 - 1,305 370
Total 125,635 - 125,635 130,576

EXPENDITURE ON
Raising funds 4 8,117 - 8,117 5,223

Charitable activities 5
Staff Costs 98,631 - 98,631 102,268
Office expenses 5,775 - 5,775 10,196
Depreciation 977 - 977 1,421
Premises Costs 8,106 - 8,106 -
Total 121,606 - 121,606 119,108

NET INCOME 4,029 - 4,029 11,468


RECONCILIATION OF FUNDS
Total funds brought forward 88,077 - 88,077 76,609

TOTAL FUNDS CARRIED FORWARD 92,106 - 92,106 88,077

Eleni Dance Ltd (Registered number: 04498630)

Balance Sheet
31 March 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 2,566 - 2,566 3,544

CURRENT ASSETS
Debtors 11 1,159 - 1,159 7,138
Cash at bank and in hand 89,998 - 89,998 80,814
91,157 - 91,157 87,952

CREDITORS
Amounts falling due within one year 12 (1,617 ) - (1,617 ) (3,419 )

NET CURRENT ASSETS 89,540 - 89,540 84,533

TOTAL ASSETS LESS CURRENT LIABILITIES 92,106 - 92,106 88,077

NET ASSETS 92,106 - 92,106 88,077
FUNDS 13
Unrestricted funds 92,106 88,077
TOTAL FUNDS 92,106 88,077

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 24 June 2024 and were signed on its behalf by:





Mrs M Bithell - Trustee

Eleni Dance Ltd

Notes to the Financial Statements
for the year ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, 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 constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 1,305 370


Eleni Dance Ltd

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Activity £    £   
Income from classes Income from Classes 12,111 11,337
Grants Arts Council Wales grant income 109,899 118,869
Grants Local Authority grant income 2,320 -
124,330 130,206

Grants received, included in the above, are as follows:
2024 2023
£    £   
ACW Revenue Funding 109,899 118,869
Denbighshire County Council 2,320 -
112,219 118,869

4. RAISING FUNDS

Raising donations and legacies
2024 2023
£    £   
Support costs 1,887 -

5. CHARITABLE ACTIVITIES COSTS
Direct
Costs
£   
Staff Costs 98,631
Office expenses 5,775
Depreciation 977
Premises Costs 8,106
113,489

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 978 1,420

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses are reimbursed for expenses incurred when undertaking business on behalf of the Charity.


Eleni Dance Ltd

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
Dance practitioners 7 8
Administration 3 3
10 11

No employees received emoluments in excess of £60,000.

No employee is paid more than £60,000.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Income from Classes 11,337 - 11,337
Arts Council Wales grant income 118,869 - 118,869

Investment income 370 - 370
Total 130,576 - 130,576

EXPENDITURE ON
Raising funds 5,223 - 5,223

Charitable activities
Staff Costs 102,268 - 102,268
Office expenses 10,196 - 10,196
Depreciation 1,421 - 1,421
Total 119,108 - 119,108

NET INCOME 11,468 - 11,468


RECONCILIATION OF FUNDS
Total funds brought forward 76,609 - 76,609

TOTAL FUNDS CARRIED FORWARD 88,077 - 88,077


Eleni Dance Ltd

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 and 31 March 2024 7,036 15,103 22,139
DEPRECIATION
At 1 April 2023 6,047 12,548 18,595
Charge for year 247 731 978
At 31 March 2024 6,294 13,279 19,573
NET BOOK VALUE
At 31 March 2024 742 1,824 2,566
At 31 March 2023 989 2,555 3,544

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 5,949
Prepayments 1,159 1,189
1,159 7,138

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 117 263
Social security and other taxes - 1,656
Accrued expenses 1,500 1,500
1,617 3,419

.

13. MOVEMENT IN FUNDS
Net
movement At
At 1/4/23 in funds 31/3/24
£    £    £   
Unrestricted funds
General fund 88,077 4,029 92,106

TOTAL FUNDS 88,077 4,029 92,106

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 125,635 (121,606 ) 4,029

TOTAL FUNDS 125,635 (121,606 ) 4,029


Eleni Dance Ltd

Notes to the Financial Statements - continued
for the year ended 31 March 2024

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1/4/22 in funds 31/3/23
£    £    £   
Unrestricted funds
General fund 76,609 11,468 88,077

TOTAL FUNDS 76,609 11,468 88,077

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 130,576 (119,108 ) 11,468

TOTAL FUNDS 130,576 (119,108 ) 11,468

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1/4/22 in funds 31/3/24
£    £    £   
Unrestricted funds
General fund 76,609 15,497 92,106

TOTAL FUNDS 76,609 15,497 92,106

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 256,211 (240,714 ) 15,497

TOTAL FUNDS 256,211 (240,714 ) 15,497

The charity made the decision to transfer the amount held in the designated fund to the general fund as it considers future possibilities of investment to ensure there is a sound footing for future years.


Eleni Dance Ltd

Notes to the Financial Statements - continued
for the year ended 31 March 2024

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.