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REGISTERED COMPANY NUMBER: 04229891 (England and Wales)
REGISTERED CHARITY NUMBER: 1088916















Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

The Du Boisson Dance Foundation

The Du Boisson Dance Foundation

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 13

The Du Boisson Dance Foundation (Registered number: 04229891)

Report of the Trustees
for the Year Ended 31 August 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 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 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
DBDF is established for the following objects: to provide scholarships, bursaries and other forms of subsidy for pupils at Young Dancers Charitable Academy and the West London School of Dance not able to afford to pay the full running costs of its schools and of its dancing facilities.

To promote within the community opportunities to participate in dance for people of school going age who might otherwise be excluded by virtue of economic, social or cultural reasons; to promote and advance the education of the public in the performing arts, especially, but not exclusively, in the art of ballet and other dance forms, for the benefit of the public.

Trustees are updated regularly and sent any updates received from the Charity Commission.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
2023-24 remains financially challenging due to the continuing financial crisis.

A fundraising gala was held in April 2024, where over 100 guests attended a banqueting dinner. The event included a Silent Auction and a raffle. The Silent Auction did not raise as much money as was hoped however Pledge Cards (with various levels of individual giving) were given to each guest that proved to be quite financially fruitful in donations received.

The effect on our charity - like others - has been demanding. Despite this we have taken great pains to fulfil our main aims and objectives. We have managed to continue to provide bursaries to both the schools we support, and we have explored alternative means of fundraising and continued strong relationships with longstanding individual donors.

FINANCIAL REVIEW
Principal funding sources
The charity holds a fundraising gala every couple of years, performances include productions of Nutcracker in December, the bi-annual Variety Show with raffles attached and private benefactors donate on a regular basis each year.

Reserves policy
The Trustees have established a reserves policy with the objective to build and maintain a level of reserves of at least six months operating expenditure estimated at £173,514. This will cover funding uncertainties and unexpected or planned additional expenditure in order to ensure that the Charity is able to meet commitments and to continue as a going concern.

The current level of free reserves are £224,689, there are no restricted funds.

The Trustees feel it is very important for the future of children for the charity to be financially sustainable.

The charity's financial position is reviewed regularly, with detailed reports at each Trustees meeting.

FUTURE PLANS
To continue sustainably providing financial support to London Vocational Ballet School and West London School of Dance year on year.


The Du Boisson Dance Foundation (Registered number: 04229891)

Report of the Trustees
for the Year Ended 31 August 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

This is also overseen by the recommendations from trustees and associated parties and the unanimous approval by existing members.

Recruitment and appointment of new trustees
All newly appointed Trustees are asked to submit their personal details in-order for checks to be approved by the DDC. This current year has seen 5 new Trustees joining the Foundation. Trustees are also required to sign authorised papers declaring each Trustee has read and adheres to DBDF's Policies held on our official site.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04229891 (England and Wales)

Registered Charity number
1088916

Registered office
58 Bulwer Street
London
W12 8AR

Trustees
Mr B Azad
Ms G L Black (resigned 5.7.24)
Mrs A M Du Boisson
Mr J Ghani (resigned 16.2.24)
Mr Y Yamaguchi
Mrs G E Abramovich (appointed 20.5.24)
Ms R C Benger (appointed 22.3.24)
Miss L J Goodman (appointed 27.6.24)
Ms P Zhou (appointed 26.4.24)
Ms K L Jaraj Dadoun (appointed 1.10.24)
Miss L F Speciale (appointed 10.1.25)

Independent Examiner
Laura J Drew
Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Approved by order of the board of trustees on 26 February 2025 and signed on its behalf by:





Mr Y Yamaguchi - Trustee

Independent Examiner's Report to the Trustees of
The Du Boisson Dance Foundation


Independent examiner's report to the trustees of The Du Boisson Dance Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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.








Laura J Drew
The Institute of Chartered Accountants in England and Wales

Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

26 February 2025

The Du Boisson Dance Foundation

Statement of Financial Activities
for the Year Ended 31 August 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 329,263 426,150

Investment income 2 61 47
Total 329,324 426,197

EXPENDITURE ON
Charitable activities
Bursaries fund 129,893 117,955
Village hall running costs 28,567 53,105
Fundraising costs 216 216
Production costs 32,188 29,661
Bank charges 554 547
Rent and utilities 88,383 48,050
Depreciation 27,433 24,010
Sundry expenses 1,224 883
Legal and professional 3,817 14,061
Accountancy 4,696 4,359
Bookkeeping 2,464 2,539
Training costs 366 84
Advertising 510 809
Payroll 26,717 24,533
Total 347,028 320,812

NET INCOME/(EXPENDITURE) (17,704 ) 105,385


RECONCILIATION OF FUNDS
Total funds brought forward 242,393 137,008

TOTAL FUNDS CARRIED FORWARD 224,689 242,393

The Du Boisson Dance Foundation (Registered number: 04229891)

Balance Sheet
31 August 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 7 97,420 20,474

CURRENT ASSETS
Debtors 8 13,034 7,965
Cash at bank and in hand 179,546 247,198
192,580 255,163

CREDITORS
Amounts falling due within one year 9 (65,311 ) (33,244 )

NET CURRENT ASSETS 127,269 221,919

TOTAL ASSETS LESS CURRENT
LIABILITIES

224,689

242,393

NET ASSETS 224,689 242,393
FUNDS 10
Unrestricted funds 224,689 242,393
TOTAL FUNDS 224,689 242,393

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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.


The Du Boisson Dance Foundation (Registered number: 04229891)

Balance Sheet - continued
31 August 2024

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 26 February 2025 and were signed on its behalf by:





Mr Y Yamaguchi - Trustee

The Du Boisson Dance Foundation

Notes to the Financial Statements
for the Year Ended 31 August 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
Income received for services provided is accounted for on an accruals basis.

Cash donations, gifts and legacies are included in full in the income and expenditure account as they are received. Any significant non-cash donations are included in the income and expenditure account at the trustees' estimate of their market value when received. The value of voluntary help is not included in the accounts.

Grants and other funding of a revenue nature are deferred and released to the income and expenditure account over the period to which they relate.

Bank interest is included in the income and expenditure account on an accruals basis.

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.


Leasehold improvements - Straight line over 15 years

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.


The Du Boisson Dance Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


1. ACCOUNTING POLICIES - continued


Estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors, are initially recognised at transaction value and subsequently measured at their settlement value.

2. INVESTMENT INCOME
2024 2023
£    £   
Interest received 61 47

3. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Depreciation - owned assets 27,433 24,010

4. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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



The Du Boisson Dance Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


5. STAFF COSTS

2024 2023
Gross Wages 26,097 24,000
Employers NI 2,457 2,087
Employers Pension 620 532
29,173 26,620

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

2024 2023
Administration 1 1

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

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 426,150

Investment income 47
Total 426,197

EXPENDITURE ON
Charitable activities
Bursaries fund 117,955
Village hall running costs 53,105
Fundraising costs 216
Production costs 29,661
Bank charges 547
Rent and utilities 48,050
Depreciation 24,010
Sundry expenses 883
Legal and professional 14,061
Accountancy 4,359
Bookkeeping 2,539
Training costs 84
Advertising 809
Payroll 24,533
Total 320,812

NET INCOME 105,385


RECONCILIATION OF FUNDS
Total funds brought forward 137,008


The Du Boisson Dance Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
TOTAL FUNDS CARRIED FORWARD 242,393

7. TANGIBLE FIXED ASSETS
Leasehold
improvement
£   
COST
At 1 September 2023 260,148
Additions 104,379
At 31 August 2024 364,527
DEPRECIATION
At 1 September 2023 239,674
Charge for year 27,433
At 31 August 2024 267,107
NET BOOK VALUE
At 31 August 2024 97,420
At 31 August 2023 20,474

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,859 7,879
Prepayments 6,175 86
13,034 7,965


The Du Boisson Dance Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 111 907
Accrued expenses 65,200 32,337
65,311 33,244

10. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 242,393 (17,704 ) 224,689

TOTAL FUNDS 242,393 (17,704 ) 224,689

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 329,324 (347,028 ) (17,704 )

TOTAL FUNDS 329,324 (347,028 ) (17,704 )


Comparatives for movement in funds

Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 137,008 105,385 242,393

TOTAL FUNDS 137,008 105,385 242,393

The Du Boisson Dance Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


10. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 426,197 (320,812 ) 105,385

TOTAL FUNDS 426,197 (320,812 ) 105,385

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

Net
movement At
At 1.9.22 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 137,008 87,681 224,689

TOTAL FUNDS 137,008 87,681 224,689

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 755,521 (667,840 ) 87,681

TOTAL FUNDS 755,521 (667,840 ) 87,681

11. RELATED PARTY DISCLOSURES

The charity has relationships with a large number of organisations and individuals who contribute funds either to support specific objectives or as general funding to support the administration of the charity to enable it to carry out its charitable objectives.

In view of the charity's legal status, the charity Trustees consider that there was no ultimate controlling party disclosed under the provisions of Financial Reporting Standard No. 8.

Other related party transactions

During the year the charity made the following related party transactions:

West London School of Dance Limited
(A company owned by Anna Du Boisson)


The Du Boisson Dance Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


11. RELATED PARTY DISCLOSURES - continued

Bursaries amounting to £10,692 (2023 - £8,031) were paid to West London School of Dance Limited in the year.

At the balance sheet date, the amount owed by West London School of Dance Limited was £6,859 (2023 - £7,879).

12. LEGAL STATUS OF THE CHARITY

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.

13. UNRESTRICTED FUNDS

2024 2023

At 31st August 2023 242,393 137,008
Net surplus/(deficit) for the year (17,704 ) 105,385
At 31st August 2024 224,689 242,393