Finance Score: 5

Governance Score: -8

Support Score: 3

Poor Liquidity: -1
Good Reserves: +1Strong growth: +2
Fundraising costs low: +3

Only 4 Trustees: -1
Narrow trustee age band: -2
Very static board: -5

Overall weighted support: +3

Overall GiG Score: 0

INNOVATION DANCE STUDIOS LTD

Providing children and community dance lessons and events in Greater London. During the year, the charity has geographically expanded, bringing opportunities to more communities, including Finchley & Colindale. Examples are available on http://www.innovationdancestudios.co.uk/about-us/recent-performances/

Analysis by Giving is Great

Positives:

The charity has received modest backing from several prominent grant makers recently
There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
Why are there only 4 trustees?
Why is the Board composition very static and has little diversity in terms of age?

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but unrestricted reserves are available

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/24		£589	£572	£17	£3	£458	£458	9.6	3	0
31/03/23		£527	£539	£-12	£4	£441	£441	9.8	3	0
31/03/22		£551	£492	£59	£4	£452	£452	11	4	0
31/03/21		£386	£307	£79	n/a	n/a	n/a	n/a	n/a	n/a
31/03/20?		£575	£506	£69	£0	£306	£306	7.3	6	0
31/03/18	*	£553	£536	£17	£0	£195	£195	4.4	6	0
31/03/17	*	£479	£476	£3	n/a	n/a	n/a	n/a	n/a	n/a
31/03/16	*	£451	£405	£46	n/a	n/a	n/a	n/a	n/a	n/a
31/03/15		£375	£248	£128	n/a	n/a	n/a	n/a	n/a	n/a
31/03/14	*	£207	£193	£14	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0.6%
Fundraising Costs/Total Spending: 0.6%
Highest pay band: Less than £60,000
Liabilities/Assets: 63%
Liabilities/Income: 133%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 9.6 months
Net Current Assets/Spending: -2 months
Quick Ratio: 0.1

Asset Split ?

Balance Sheet History

Established: 11 years

www.innovationdancestudios.co.uk

info@innovationdance.co.uk

02089982283

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Recreation

GiG Classification

Performing and visual arts

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Barnet, Bromley, City Of Westminster, Ealing, Islington,

Who it helps

Children/Young People
People With Disabilities

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
John Lyon's Charity - Small grant to Innovation Dance Studios
£5,000	18/09/2021	In House Counselling Service-Innovation Dance Studios
National Lottery Community Fund - New Community Dance Acro & Wellness Studio
£9,800	10/09/2021	The funding is being used to offer extended dance and exercise sessions to include acrobatic training additional dance for students on wait lists and increased wellness provision such as yoga and mindfulness.
John Lyon's Charity - SHAF grant to Innovation Dance Studios
£2,200	21/06/2021	Back Into Dance
Co-Operative Group - Grant to Innovation Dance Studios Ltd
£2,971	29/11/2017	We want to build a new dance space for the local community so that we can accomodate class wait lists and increase the classes offered.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (4)

Current Trustees appointed

Gender Split

Age Range of Trustees: 39-47

DANIEL KEATING Appointed: 2013, Occupation: None

EMMA HARDY BSC HONS Appointed: 2013, Occupation: Company Director

JESSICA MILLER Appointed: 2013

ZOE NEWELL Appointed: 2013, Occupation: Company Director

Legal constitution

Charitable company registered in England & Wales on 06/08/2013, number: 1153263
Registered at Companies House on 10/08/2011, number: 07735710

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
Complaints policy and procedures
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

10 returns made; AR18: 1 days late, AR17: 1 days late, AR16: 2 days late, AR14: 117 days late,

Main office

Innovation Dance Studio
96 Pitshanger Lane
LONDON
W5 1QX

Objectives

THE OBJECTS FOR WHICH THE CHARITY IS ESTABLISHED (THE OBJECTS) ARE RESTRICTED TO: ADVANCING EDUCATION IN THE PERFORMING ARTS, AND IN PARTICULAR,IN DANCE; PROVIDING AND ASSISTING IN THE PROVISION OF FACILITIES FOR DANCE AND OTHER LEISURE TIME OCCUPATION FOR THE INHABITANTS OF THE LONDON BOROUGH OF EALING AND THE SURROUNDING AREAS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY, OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL AND ECONOMIC CIRCUMSTANCES, OR FOR THE PUBLIC AT LARGE, IN THE INTERESTS OF SOCIAL WELFARE AND WITH THE OBJECT OF IMPROVING THEIR CONDITIONS OF LIFE;IN EACH CASE FOR THE PUBLIC BENEFIT.

Defined Area of Benefit:

THE LONDON BOROUGH OF EALING AND THE SURROUNDING AREAS

Data Sources

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