IMPERIAL SOCIETY OF TEACHERS OF DANCING
Financial health, per its FY2025 accounts
The accounts state that the charity reported an operating deficit for the year ended 31 March 2025, driven by increased expenditure and an unrealised investment loss, alongside a significant revaluation loss on its head office building. Despite this, the trustees confirm the charity has adequate reserves to continue in operational existence and have prepared the accounts on a going concern basis. Free reserves stood at £2.732 million, which is above the stated minimum policy target of £1.800 million.
What the accounts disclose
“Following a review, trustees reaffirmed their reserves policy, setting a minimum level of £1.800 million in unrestricted reserves to ensure financial resilience equivalent to six months of planned overhead expenditure for 2025/26.”
“Remuneration has been paid to three of the trustees, in accordance with the Articles of Association, for professional dance and other services provided to the charity. Details of trustee remuneration and expenses are disclosed in note 8 to the accounts.”
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Michael Elliottchair
- Christina Fotinaki
- Elizabeth Jane Nyman
- Frederick William Patrick Way
- Jeremy Kean
- Juliet Joyce Diener
- Keith-Derrick Randolph
- Leanne Kirkham
- Lynn Angharad Turner
- Mary Elizabeth Batt
- Peter Richard Gareth Meager
- Thomas William Hobden
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £5.5m | £6.2m |
| 31/03/2024 | £5.5m | £6.0m |
| 31/03/2023 | £4.9m | £6.3m |
| 31/03/2022 | £4.8m | £5.3m |
| 31/03/2021 | £3.3m | £7.0m |
Common questions
Is IMPERIAL SOCIETY OF TEACHERS OF DANCING financially healthy?
The accounts state that the charity reported an operating deficit for the year ended 31 March 2025, driven by increased expenditure and an unrealised investment loss, alongside a significant revaluation loss on its head office building. Despite this, the trustees confirm the charity has adequate reserves to continue in operational existence and have prepared the accounts on a going concern basis. Free reserves stood at £2.732 million, which is above the stated minimum policy target of £1.800 million. Its FY2025 accounts were audited by Moore Kingston Smith LLP.