for the Period Ended 31 August 2024
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
for the Period Ended
| 2024 | 2023 | |
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| Turnover: |
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| Cost of sales: |
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As at
| Notes | 2024 | 2023 | |
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| Fixed assets | |||
| Tangible assets: | 3 |
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| Total fixed assets: |
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| Debtors: | 4 |
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| Cash at bank and in hand: |
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| Creditors: amounts falling due within one year: | 5 |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: | 6 |
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| Total net assets (liabilities): |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
( |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2024
Basis of measurement and preparation
for the Period Ended 31 August 2024
| 2024 | 2023 | |
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| Average number of employees during the period |
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for the Period Ended 31 August 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| Cost | £ | £ | £ | £ | £ | £ |
| At 1 September 2023 |
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| At 31 August 2024 |
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| At 31 August 2024 |
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| At 31 August 2023 |
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for the Period Ended 31 August 2024
| 2024 | 2023 | |
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| £ | £ | |
| Other debtors |
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for the Period Ended 31 August 2024
| 2024 | 2023 | |
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| £ | £ | |
| Bank loans and overdrafts |
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| Other creditors |
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for the Period Ended 31 August 2024
| 2024 | 2023 | |
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| £ | £ | |
| Bank loans and overdrafts |
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The year 23/24 was a positive one at Vivace Theatre School. Our classes have stayed running at capacity with waiting lists operating for courses again. We were also awarded Theatre School of the year 2024 by the Prestige Awards for the third year running. Vivace Theatre School is committed to helping young people realise their potential in the Performing Arts. We offer training in a safe and nurturing environment accessible to all and we offer affordable rates to enable participation from all members of the community. In the year 2023/24 Vivace Theatre School CIC continued to run a busy and vibrant programme of classes and events. Demand for places at the school remained high and demand for exams increased significantly. It was excellent to see the students confidence in their abilities grow and their commitment to gaining recognised qualifications. The cost of living crisis continued to stretch our overhead costs. We managed to avoid fee increases however this was the second year of holding tuition costs and as the end of the year approached we carried out some research into our pricing compared to our outgoings and the charges by similar organisations. The result was some selected increases to ensure that all classes were priced at a minimum of £5 per hour. The lease on the building was due to be renewed and there was some hesitation around this as Glasgow City Council were planning to bring in increased parking charges and extend hours for paid parking from 6pm to 10pm, which would have a significant impact on our groups. Looking for a new suitable space didn’t bring many options and we were relieved when the council announced it would not be reviewing the change to parking hours till 2027. We therefore signed a new lease up till this period. Our activity during the period was as follows: - Our timetable ran 6 days out of 7 and had 71 classes weekly. We covered Acting, Dance (various styles), Singing, Early Stages Performance and Musical Theatre. - Our students performed 10 different productions and 30 shows. These ranged from full scale musicals to one act plays, showcases and devised performances created by the students themselves. Feedback from our audiences was excellent and most dates were completely sold out. - We were very pleased to be invited to perform at the Theatre Royal for Go Dance, a celebration of dance across Scotland, the Paisley Sma Shot Festival and the Glasgow Christmas Carnival. - We maintained our 100% pass rate for Ballet exams through the BATD (British Association of Teachers of Dance) with all students receiving ‘commended’ or ‘highly commended’ grades and acting exams through LAMDA (London Academy of Music & Dramatic Art) where everyone passed with Merit or Distinction. We reintroduced singing exams through London College of Music after a hiatus caused by COVID and again all students passed with Merit or Distinction. - Attending theatre can be very expensive for families and one of our aims as an organisation is to help our students access professional theatre productions. We ran 3 discounted group trips, one to the Kings Theatre Pantomime and one to the Cinderella Ballet at Theatre Royal. Our bookings totalled 400 tickets. Attending the theatre is an enriching experience for all but it is especially important for young performers as a source of inspiration and motivation. - Our summer programme sold out quickly. Over 5 weeks we engaged with 500 students and put on 20 shows. Feedback was excellent and demand for places far outstripped supply. Many of the young performers who took part consequently signed up for term time classes. - In July we were named Theatre School of the Year by The Prestige Awards for the third year running and given a ‘Hall of Fame’ award. The ongoing demand demonstrated for our programmes, is evidence that there is a clear need for accessible Performing Arts education. Many similar organisations in Scotland are profit driven and fees for their services are significantly higher. We do not want money to become a barrier to participation and believe that talented young people come from every demographic. We are proud to offer high quality training that is having a positive impact at an affordable cost.
Our stakeholders are first and foremost our students and their families, with others being the production companies and partnership organisations we work with and staff. Stakeholder engagement is woven into the fabric of Vivace. Our educational model is pupil-led and ensuring we meet the needs of our students is critical. Regular consultation within classes, with staff members and with parents allows us to create a model for learning that takes into account everyones viewpoint. We have created Programme Coordinator roles for each course. These promoted members of teaching staff liaise directly with student and parents and develop the curriculum in line with their needs. Consultation takes many forms and includes but is not necessarily limited to: - In/after class discussions between tutor and student/s - Private Facebook groups for parents/students - Email consultations & feedback - Open door policy at Vivace Reception allowing people to have face to face dialogue with staff When working with partners there is often an evaluation of work undertaken. This evaluative data allows us to modify and plan for future projects. Reviews online are a further source of feedback and opportunity to consider and alter our practises.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
29 August 2025
And signed on behalf of the board by:
Name: J E Mclelland
Status: Director