Charity registration number 1087260
Company registration number 04038031 (England and Wales)
THE DANCERS' DEVELOPMENT FUND
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
THE DANCERS' DEVELOPMENT FUND
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
F Maas
S Cochrane
R J Wilkinson
S A Brocard
(Appointed 1 November 2024)
L Hughes
(Appointed 20 September 2024)
Charity number
1087260
Company number
04038031 (England and Wales)
Registered office
82 St John Street
London
EC1M 4JN
Accountants
Beavis Morgan LLP
Accounts, Business and Tax Advisers
82 St John Street
London
EC1M 4JN
THE DANCERS' DEVELOPMENT FUND
CONTENTS
Page
Trustees' report
1 - 2
Statement of financial activities
3
Balance sheet
4
Notes to the financial statements
5 - 8
THE DANCERS' DEVELOPMENT FUND
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 JULY 2025
- 1 -

The Trustees present their annual report and financial statements for the year ended 31 July 2025.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the M emorandum, Articles of Association, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", for charities applying FRS102, and the Charities Act 2011.

Objectives and activities

The objective is to advance and promote the education of dancers and performance artists in the art and science of dance and movement and to promote the art and science of dance and movement to the general public. There has been no change in the policies adopted in furtherance of these objects during the year.

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

The Fund continues to pursue its aim of preparing and supporting young dancers and performers seeking to

follow a career in the theatre by sponsoring young dance and performance companies to allow them to make use

of available space at the fund's headquarters. Specifically the Fund has sought information on how dancers can

still work within H&S boundaries when the space they work in is not ideally suited. The Fund further aims to

bridge the gap between vocational training and professional practise and encourages dialogue between

teachers, students and exercise specialists, to combat the additional strains on an ordinary body when intense

dance and theatre tuition is undertaken. This year the Fund has also encouraged creative works to be explored

within its premises and the results of this work have been explored as far afield as China.

The Fund's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information of matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

Disabled Persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the Fund continues and that the appropriate training is arranged. It is the policy of the Fund that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Achievements and performance

Having had the use of a large building for many years, gave the Fund a physical and tangible presence and

scope, and allowed for increased participation in workshops, classes and meetings. However, presently the

Fund shares opportunities to allow it to encompass its objectives within a greater creative umbrella. The Fund

has again had a busy year with many members coming under that creative umbrella during participation in

classes and workshops. The Fund seeks to continue this work as it is so crucial that the experienced

professionals engage in the development of the young creative. For those reasons the Fund continues to

feel that enabling creative spaces to flourish is so very vital in aiding the charitable aims of the Fund.

Specific further work to allow the DDF to be a instigating hub for other creative individuals and groups has

continually progressed and will continue to be given priority in the coming years. The work on the drawing

board presently encompasses specific dance training projects, theatre rehearsal projects and creative movement

projects as well as creating the opportunity for accessible performance space in every sense of the meaning.

Continuation of occupation of premises would give the flexibility for the Fund to immerse itself into its work for the

continued progression of training for the young professional performer and, at the same time, would allow for its

work to have potentially wider audiences. Library facilities need to be made available again, chronicling the

history of musical theatre allowing scholars to appreciate the background behind the profession.

THE DANCERS' DEVELOPMENT FUND
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
Financial review

In the year to 31 July 20 25, there w as incoming resources of £1,495 (20 24: £1 5,961) and a net decrease in total funds of £6,400 (20 24: £6,691).

It is the policy of the Fund that unrestricted funds which have not been designated for a specific use should be

sought to be maintained at a level equivalent to between three and six month’s expenditure. The Trustees

considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able

to continue the Fund’s current activities while consideration is given to ways in which additional funds may be

raised. This level of reserves is currently maintained throughout the year due to the guarantee by Millennium

Performing Arts Limited of funds as required.

The Trustees have assessed the major risks to which the Fund is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The Fund is governed by a Memorandum and Articles of Association incorporated on 20 July 2000 and amended by special resolution on 14 June 2001.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

F Maas
S Cochrane
P Fairchild
(Resigned 31 October 2024)
R J Wilkinson
S A Brocard
(Appointed 1 November 2024)
L Hughes
(Appointed 20 September 2024)
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Trustees who meet regularly throughout the year oversee the Fund. Trustees are appointed for an unspecified period, any vacancies being filled by the selection and appointment of suitable person by the Trustees.

F Maas is also a director of the following companies:

-Millennium Dance 2000 Limited

-Millennium Performing Arts Limited and

-Millennium Directorate Limited.

These companies are therefore related parties due to the mutual control.

The Trustees' Report has been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The Trustees' R eport was approved by the Board of Trustees.

F Maas
Trustee
Dated: 10 March 2026
THE DANCERS' DEVELOPMENT FUND
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
2025
2024
Notes
£
£
Income and endowments from:

Provision of facilities

2
-
12,000

Other income

4
1,495
3,961
Total income and endowments
1,495
15,961
Expenditure on:
Charitable activities

Provision of facilities

3
7,895
22,652
Total charitable expenditure
7,895
22,652
Net expenditure for the year/
Net movement in funds
(6,400)
(6,691)
Fund balances at 1 August 2024
226
6,917
Fund balances at 31 July 2025
(6,174)
226

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

THE DANCERS' DEVELOPMENT FUND
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 4 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
9
4,147
12,097
Cash at bank and in hand
2
564
4,149
12,661
Creditors: amounts falling due within one year
10
(10,323)
(12,435)
Net current (liabilities)/assets
(6,174)
226
Net assets excluding pension liability
(6,174)
226
The funds of the Fund
Unrestricted funds
(6,174)
226
(6,174)
226

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2025.

The Trustees acknowledge their responsibilities for ensuring that the Fund keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 company.

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 Trustees on 10 March 2026
F Maas
Trustee
Company registration number 04038031 (England and Wales)
THE DANCERS' DEVELOPMENT FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
1
Accounting policies
Charity information

The Dancers' Development Fund is a Charitable Company, limited by guarantee, Registration No. 04038031 (England and Wales). The registered office is 82 St John Street, London, EC1M 4JN.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Fund'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 Fund is a Public Benefit Entity as defined by FRS 102.

The Fund 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 Fund. Monetary a mounts 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

These financial statements are prepared on the going concern basis. The Trustees have a reasonable expectation that the Fund will continue in operational existence for the foreseeable future, however, the Trustees are aware of certain material uncertainties which may cast doubt on the Fund's ability to continue as a going concern..

1.3
Charitable funds

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

Restricted funds are subject to specific conditions by donors as to how they may be used. The Fund does not currently have any restricted funds.

1.4
Incoming resources

Income generated by the provision of facilities represents rental income accounted for on an accruals basis.

Voluntary income is recognised when the Fund is legally entitled to it, the amounts can be measured reliably, and it is probable that income will be received.

1.5
Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Fund to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation cab 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.

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

THE DANCERS' DEVELOPMENT FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 6 -
1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The Fund has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’.

Financial instruments are recognised in the Fund's balance sheet when the Fund becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Basic financial liabilities

Basic financial liabilities, including creditors 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 p aymen ts 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 Fund’s contractual obligations expire or are discharged or cancelled.

2
Provision of facilities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Rental income
-
12,000
THE DANCERS' DEVELOPMENT FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
3
Expenditure on charitable activities
Provision of facilities
Provision of facilities
2025
2024
£
£
Direct costs

Premises

2,178
14,875

Management and administration

3,717
5,377
5,895
20,252
Share of support and governance costs (see note 6)
Support
2,000
2,400
7,895
22,652
Analysis by fund
Unrestricted funds
7,895
22,652
4

Other income

Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Voluntary income - donations
1,495
3,961
5
Trustees

None of the Trustees (or any persons connected with them) received any remuneration nor were reimbursed for any expenditure during the year.

6
Support costs
Support costs
Governance costs
2025
2024
Basis of allocation
£
£
£
£

Accountancy

2,000
-
2,000
2,400

Based on proportion of time spent on each charitable activity.

2,000
-
2,000
2,400
Analysed between
Charitable activities
2,000
-
2,000
2,400
THE DANCERS' DEVELOPMENT FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 8 -
7
Employees
There were no employees during the year.
8
Taxation

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

9
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
4,147
12,097
10
Creditors: amounts falling due within one year
2025
2024
£
£
Bank overdrafts
7,323
9,435
Accruals and deferred income
3,000
3,000
10,323
12,435
11
Unrestricted funds

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

At 1 August 2024
Incoming resources
Resources expended
At 31 July 2025
£
£
£
£
General funds
226
1,495
(7,895)
(6,174)
Previous year:
At 1 August 2023
Incoming resources
Resources expended
At 31 July 2024
£
£
£
£
General funds
6,917
15,961
(22,652)
226
12
Related party transactions

At the balance sheet date, the Fund was due £4,040 (2024: £12,000) from Millennium Performing Arts Limited, a company in which F Maas is a director.

13
Control
During the current and prior year the Dancers' Development Fund was controlled by the Trustees.
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