Charity registration number 1066885
Company registration number 03360866 (England and Wales)
CENTRE FOR INDIAN CLASSICAL DANCE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
CENTRE FOR INDIAN CLASSICAL DANCE
LEGAL AND ADMINISTRATIVE INFORMATION
Directors
Dr S R Mehta
Prof W F Menski
Mr A Parmar
Secretary
Dr S R Mehta
Charity number
1066885
Company number
03360866
Registered office
48-50 Churchill Street
Leicester
Leicestershire
LE2 1FH
Independent examiner
Pinnacle Accountants
32 De Montfort Street
Leicester
Leicestershire
United Kingdom
LE1 7GD
CENTRE FOR INDIAN CLASSICAL DANCE
CONTENTS
Page
Directors report
1 - 3
Statement of directors responsibilities
4
Independent examiner's report
5
Statement of financial activities
6
Balance sheet
7
Notes to the financial statements
8 - 14
CENTRE FOR INDIAN CLASSICAL DANCE
DIRECTORS REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 APRIL 2024
- 1 -

The directors present their annual report and financial statements for the year ended 30 April 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "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).

Objectives and activities

The charity operates with funds raised from performances, training, workshops, and grants received from regional and national funding bodies including City Council and Small Charitable Trusts.

For fundraising projects, the Charity use services of professional fund-raiser.

The principal activity of the company in the year under review was that of educating and advancing the public knowledge in the art of dance and music, particularly in the styles of Indian Kathak, folk, contemporary and creative dance, through teaching, performing, workshops and related dance projects.


The directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Public benefit

The directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

CENTRE FOR INDIAN CLASSICAL DANCE
DIRECTORS REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
Achievements and performance
Significant activities and achievements against objectives

The charity continues to operate its activities from the premises at 48-50 Churchill Street, Leicester, LE2 1FH. The premises are owned by Professor W F Menski and Mrs N D Menski (MBE).

 

The range of activities includes dance and music classes at the company's studio and community centers under the administration of Mrs N D Menski (MBE). Mrs N D Menski (MBE) is a reputable classical dancer and choreographer and manages various projects in her capacity as the artistic director of the organisation.

 

During the year, the company undertook the following activities and projects:

 

Education work: Dance education remains the main focus of the work of the charity. Post-COVID, electronic methods of teaching and communication have become more prominent in the charity’s dance education work. New ways of teaching dance online mean that some classes are now entirely online or are delivered in hybrid form. There continues to be a steady stream of newcomers seeking dance training at different levels. While the financial returns of teaching are limited, the fulfilment of the charity’s objectives in terms of promoting dance education remains of central concern.

 

Dance Exams in Kathak: These were held for 6 students in Grades 1 and 2 of the PRSSV examination system instead of ISTD on 27.1.2024 and all students did very well. CICD’s educational activities have the effect that Leicester continues to be recognised as a major centre for Kathak training nationally due to such highly structured, solid teaching practice. In this context, it remains crucial that the company keeps its own dedicated teaching space.

 

Board activities: The Board of CICD worked hard during the year to implement the plan of the previous year to press a ‘pause button’ on income-generating dance projects, allowing the company space for reflection on past achievements and future plans, particularly regarding succession planning for the Artistic Director. To facilitate this planning process, the Arts Council of England (ACE) had provided a grant of £21K in summer 2022 to give the Board the resources to engage in complex discussions, including an Awayday in April 23. Under the banner of VIKAS, these Development Project discussions involved a wide range of people, including many institutional stakeholders with a view to exploring possibilities of creating new networks with other organisations in the arts field, locally, regionally, as well as at higher levels.

The resulting action plan was then implemented during the current report period. This included new linkages with DMU Leicester for students’ work placements, recordings of the CICD performance archive and special advanced training courses for several young dance teachers. On 16.10.23, a CICD Bursary of £1.8K was awarded by the Board to Meera Patel, a former Kathak student who is now a full-time dance practitioner in London. Deeper co-operation with The Curve in Leicester was implemented, giving a higher profile to CICD.

The Board met at regular intervals throughout the financial year 2023-24 to monitor and accompany the work and progress of the company.

Financial review
Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The directors consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Major risks

The directors have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee without share capital use of 'Limited' exemption.

CENTRE FOR INDIAN CLASSICAL DANCE
DIRECTORS REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -

The directors who served during the year and up to the date of signature of the financial statements were:

Dr S R Mehta
Prof W F Menski
Mr A Parmar
Recruitment and appointment of trustees

None of the directors has any beneficial interest in the company. All of the directors are members of the company and guarantee to contribute £1 in the event of a winding up.

The company's current policy concerning the payment of trade creditors is to:

 

Trade creditors of the company at the year end were equivalent to ten day's purchases, based on the average daily amount invoiced by suppliers during the year.

The directors report was approved by the Board of Directors.

Dr S R Mehta
Director
30 January 2025
CENTRE FOR INDIAN CLASSICAL DANCE
STATEMENT OF DIRECTORS RESPONSIBILITIES  
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -

The directors, who also act as trustees for the charitable activities of #cd2, are responsible for preparing the Directors Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the directors are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- 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 in operation.

 

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CENTRE FOR INDIAN CLASSICAL DANCE
INDEPENDENT EXAMINER'S REPORT
TO THE DIRECTORS OF CENTRE FOR INDIAN CLASSICAL DANCE
- 5 -

I report to the directors on my examination of the financial statements of Centre For Indian Classical Dance (the charity) for the year ended 30 April 2024.

Responsibilities and basis of report

As the directors of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements 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 financial statements 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 financial statements to be reached.

Pinnacle Accountants
32 De Montfort Street
Leicester
Leicestershire
LE1 7GD
United Kingdom
Dated: 30 January 2025
CENTRE FOR INDIAN CLASSICAL DANCE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
3
3,941
-
3,941
6,364
-
6,364
Investments
4
5,987
-
5,987
6,315
-
6,315
Other income
5
2,100
-
2,100
20,410
-
20,410
Total income
12,028
-
12,028
33,089
-
33,089
Expenditure on:
Raising funds
6
21,039
-
21,039
10,068
-
10,068
Charitable activities
7
14,582
-
14,582
21,736
-
21,736
Total expenditure
35,621
-
35,621
31,804
-
31,804
Net income/(expenditure) and movement in funds
(23,593)
-
(23,593)
1,285
-
1,285
Reconciliation of funds:
Fund balances at 1 May 2023
80,109
21,200
101,309
78,824
21,200
100,024
Fund balances at 30 April 2024
56,516
21,200
77,716
80,109
21,200
101,309

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

CENTRE FOR INDIAN CLASSICAL DANCE
BALANCE SHEET
AS AT 30 APRIL 2024
30 April 2024
- 7 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
13
1,755
2,254
Current assets
Cash at bank and in hand
76,621
99,715
Creditors: amounts falling due within one year
14
(660)
(660)
Net current assets
75,961
99,055
Total assets less current liabilities
77,716
101,309
Net assets excluding pension liability
77,716
101,309
The funds of the charity
Restricted income funds
15
21,200
21,200
Unrestricted funds
56,516
80,109
77,716
101,309

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 April 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the directors on 30 January 2025
Dr S R Mehta
Prof W F Menski
Director
Director
Company registration number 03360866 (England and Wales)
CENTRE FOR INDIAN CLASSICAL DANCE
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 8 -
1
Accounting policies
Charity information

Centre For Indian Classical Dance is a private company limited by guarantee incorporated in England and Wales. The registered office is 48-50 Churchill Street, Leicester, Leicestershire, LE2 1FH.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the directors in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
CENTRE FOR INDIAN CLASSICAL DANCE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 9 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on reducing balance
Fixtures and fittings
20% on reducing balance
Computers
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CENTRE FOR INDIAN CLASSICAL DANCE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 10 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Donations and gifts
3,941
6,364
CENTRE FOR INDIAN CLASSICAL DANCE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 11 -
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Rental income
5,940
6,300
Interest receivable
47
15
5,987
6,315
5
Other income
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Other income
2,100
20,410
6
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Staging fundraising events
20,585
9,748
Other fundraising costs
454
320
21,039
10,068
CENTRE FOR INDIAN CLASSICAL DANCE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 12 -
7
Expenditure on charitable activities
Heading #ac982
Heading #ac982
2024
2023
£
£
Direct costs
Staff costs
3,635
13,723
Depreciation and impairment
499
643
4,134
14,366
Share of support and governance costs (see note 8)
Support
9,680
6,608
Governance
768
762
14,582
21,736
Analysis by fund
Unrestricted funds
14,582
21,736
8
Support costs allocated to activities
2024
2023
£
£
Basis of allocation
Rates and water
1,032
964
Insurance
795
765
Light and heat
Light and heat
4,368
2,139
Telephone
Telephone
1,140
1,419
Repairs and renewals
Repairs and renewals
1,241
1,062
Sundry expenses
Sundry expenses
35
259
Governance costs
Accountancy fee
1,837
762
10,448
7,370
9
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
499
643
10
Directors
None of the directors (or any persons connected with them) received any remuneration or benefits from the charity during the year.
CENTRE FOR INDIAN CLASSICAL DANCE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 13 -
11
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
3
3
Employment costs
2024
2023
£
£
Wages and salaries
3,635
13,723
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

12
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 May 2023
12,392
5,505
5,862
23,759
At 30 April 2024
12,392
5,505
5,862
23,759
Depreciation and impairment
At 1 May 2023
12,147
4,463
4,895
21,505
Depreciation charged in the year
49
208
242
499
At 30 April 2024
12,196
4,671
5,137
22,004
Carrying amount
At 30 April 2024
196
834
725
1,755
At 30 April 2023
245
1,042
967
2,254
14
Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
660
660
CENTRE FOR INDIAN CLASSICAL DANCE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 14 -
15
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 May 2023
At 30 April 2024
£
£
21,200
21,200
Previous year:
At 1 May 2022
At 30 April 2023
£
£
21,200
21,200
16
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 May 2023
Incoming resources
Resources expended
At 30 April 2024
£
£
£
£
General funds
80,109
12,028
(35,621)
56,516
Previous year:
At 1 May 2022
Incoming resources
Resources expended
At 30 April 2023
£
£
£
£
General funds
78,824
33,089
(31,804)
80,109
17
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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