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2021-03-31-accounts

Skylight Circus in Education

T/A Skylight Circus Arts

Report and financial statements For the year ended 31st March 2021

Registered Charity 1001570

Company limited by Guarantee 2567143

1

Skylight Circus in Education

Reference and administrative information for the year ended 31st March 2021

Charity name Skylight Circus in Education

also known as Skylight Circus Arts and Skylight

Company number 2567143

Charity number 1001570

Registered office and operational address St Chads Fold, Sparrow Hill, Rochdale OL16 1QT

Trustees

Trustees, who are also directors under company law, who served during the year

and up to the date of this report were as follows:

J. Riley, Chair

E. Short, Secretary

J. Hurn, appointed Treasurer Feb 2021

N. White

J. Macpherson

M. Lee

Advisor Legal and Employment; D Yazdi

Key management: David Allen CEO, Martine Bradford, Creative Director FT

Bankers Co-operative Bank plc, 1 Balloon Street, Manchester, M60 4E

Independent Examiner: Emma Willder, Beyond Profit Ltd. appointed in 2020

2

Skylight Circus in Education 2020 - 2021

David Allen, Skylight CEO

The year was one of incredible, unforeseeable and unplannable change. Skylight’s Team rose to the challenge in every way possible ensuring we continued to serve our participants and our community. Doing so safely amidst constant change.

Finances presented a major challenge, given the obvious lack of trading income but Skylight managed to emerge with a healthy position. There were some enforced disappointments but also too many highlights to mention here.

As CEO my thanks go to the team and those supporting them, for their unstinting efforts to maintain, even develop Skylight in testing circumstances. Looking ahead, we are nicely poised to move forward and meet operational and artistic objectives set by the board.

3

Skylight Circus in Education

Trustees’ and Directors’ Annual Report for the year ended 31st March 2021

The trustees present their report and the unaudited financial statements for the year ended 31st March 2021. Included within the trustees’ report is the directors’ report as required by company law. Reference and administrative information set out on page1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Purposes, Aims, Objectives and Skylight Activities

Purposes and aims in Skylight’s original governing document: ‘To promote, maintain, improve and advance education for the public benefit by the demonstration and teaching of human circus skills. To relieve the needs of disabled persons by the demonstration and teaching of human circus skills to such persons’ (1990).

Charity Commission Activities Overview 2020

Life-changing social circus projects to improve health and well-being. Collaborations: professionals and members to create productions. Specialisms: circus with disability, diversity, mental health, challenging young people. Address challenges in communities with multiple deprivation.

Purposes 2020 Summary. ‘Benefiting individuals and communities through circus arts training, performance and workshops. Diversity.’ Skylight’s base in central Rochdale is in an area of multiple deprivation and activities extend across the region. This report outlines how our purposes were achieved over this very different year of Covid-19.

Aims, objectives and activities are reviewed by the trustees each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period to Mar 2021. The trustees ensure the charity remained focused on its stated purposes. The company is currently looking at all aspects of its operation and finances post pandemic. It fits with a process of development that might lead to becoming an Arts Council NPO.

COVID-19

The trustees have referred to the Charity Commission’s general guidance on public benefit when reviewing the charity and planning its future activities. They considered how activities contribute to the aims and objectives that have been set. They have looked at how to support the company, staff and beneficiaries in response to Covid -19. Board and management are fully committed to the implementation and monitoring of all safety procedures. Our venue is Covid secure. Since Lockdown 1, all trustee meetings and the AGM have been held on Zoom.

Trustees keep a close eye on the financial situation. Across the sector there is increased competition for diminishing funds, while need for projects will increase from disadvantaged beneficiaries disproportionately affected by the pandemic. Skylight increased its reserves.

Staff rose to the challenges of virtual delivery and reaching some isolated, depressed and unfit participants. Creative programmes had more media and film. Developing sustainable impacts has been given new impetus. Stresses of the year were offset by some positives e.g. availability of more freelancers. Employment of a CEO was implemented by trustees at the end of 2020.

Below is a description of activities undertaken in this very different year, summarising achievements, beneficiaries, and outcomes where possible. All activities focus on the aims and objectives listed above and further our charitable purposes for the public benefit.

4

Skylight Circus in Education

Trustees’ and Directors’ Annual Report

Skylight Activities 2020-21

C-19 brought a complete close down, then sustained responses: responses to new needs from disadvantaged communities, changes in operations, administrative and employment - all are continuing. Lockdown 1 was spent keeping up contacts and spirits, then:

2020 Summer projects were live with reduced numbers participating for social distancing. By August C-19 in Rochdale increased and stayed higher than the UK average. Whenever possible, activities resumed with restricted numbers. Otherwise throughout Winter and early Spring, sessions were virtual with home-delivered equipment.

There were some positives by year end March 2021: staff had gained skills in virtual delivery and had found some excellent new freelance trainers.Kickstart trainees were in the pipeline and Henry Smith Community Match Challenge was funding developments. The building, equipment and storage had been thoroughly overhauled, with extra equipment and technology provided by the emergency funding. Efficiency benefitted as well as hygiene. Skylight was in a strong position to expand services once more.

5

1. Performance

Skylight’s aim to increase the quality and quantity of performance was stalled by Covid this year. Young people were a week or two away from the premiere of ‘Mammoth’ when it had to be abandoned at lockdown 1. A short film was created by Dawn Pierson, combining:

It has been well received and screened as part of Manchester Climate Change Annual Conference 2020 View Mammoth film on Skylight's YouTube channel.

The NHLF funded guides/maps that complement ‘Mammoth’, were finished and printed by August 2020. Distribution could only begin after year end due to Covid. The guides illustrate and map 3 local walks created from research into the sites of three Rochdale fossils. They aim to interest more people in our heritage whilst improving well-being. ‘Beautiful and very interesting’ verdict of Rosie Hill, 64. They were introduced to the general public at our circus walk event in June 2021. A ’ news post with Research and access to the maps is on Skylight s website.

The planned 30th Anniversary Event in December was scaled down to an online evening of memories.

2. Social Circus Projects

Skylight is inclusive. Projects this year for people with different needs and disadvantage:

6

Although staff worked very hard, virtual delivery with equipment delivered to homes could not fully replace effective live delivery. Participants tell us how much they enjoy coming to Skylight, how we are able to make circus reach even those with the most complex needs.

Participation was much lower than usua l and whenever possible live projects resumed, with social distancing reducing numbers. Highlights:

Regular Classes . A reduced programme ran live whenever possible. Numbers and activities were limited to maintain social distancing. Many valuable activities were not possible without close contact e.g. acrobatic balances and pyramids. Social distancing and sanitising routines increased costs and reduced income. Home Educated Group will be a priority as restrictions are removed.

7

3. Workshops and Outreach work

C-19 restrictions meant very little outreach took place. Highlights:

4. Hiring out Equipment and Space:

Newbarn cancelled when C-19 prevented art activities with groups who have a variety of needs. Resume from July 2021. Much small equipment, including Ipads has been loaned to members. None has been hired out.

Networks and Partnerships - strengthen the delivery of our work.

Your Trust (was Link4life) and Rochdale BC have supported our work this year

Action Together is providing a focus for arts and voluntary organisations: training, funding opportunities and advocacy.

Beyond Psychology’s ongoing training is informing our trainers' knowledge of trauma, attachment and neurodiversity. Beyond Psychology now employ us to deliver Theraplay to their clients.

The Lowry and Salford schools project - S tage Directions project’ was paused.

Extraordinary Bodies extended their relationship with Skylight, providing CPD for our Creative Director and advice on funding bids in addition to a virtual film project.

New - Skylight is on Rochdale’s Social Prescribing PIlot Project Steering Committee - a pilot for Arts for Health prescriptions.

Other networks include: Touchstones, Rochdale, Circus Works and various forums. Covid reduced most meetings to Zoom.

Employment

Significant changes in the employment structure began when Charma Force, Project Coordinator left in August 2020 to train as a teacher. She is now freelance, when available from teaching FT in a nearby school.

The appointment of David Allen as CEO in Feb 2021 began a new era for the organisation.

The recruitment process for artform trainees, initially funded by Kickstart, began in Dec 2020. Skylight is committed to training young people as trainer-performers to develop quality circus arts for the region and continue our work.

8

CPD - Training for Staff and Freelance Trainers

Training Number Participants Hours
Filming for Virtual delivery, Dawn Pierson 2 MB, MC 3x 2 hr
Leadership Training
Extraordinary Bodies		 1 MB 1 month
Beyond Psychology x 6 sessions 6 Skylight Team Throughout year
Online Training “4 ‘D’s’ of Distress 8 Skylight Team 1x 1½ hr ; February
Mental health first aid 1 MB 4x ½ day session;
March
First Aid at Work 1 MC March
Digital Delivery Tech Workshop with
YourTrust		 4 DA, MB, MC, DC 4hr; March

Skylight Outputs and Beneficiaries 2020/21

Outputs

98 Classes

18 Outreach

69 Project Sessions

185 Total Outputs

Approx 33% were Remote Sessions

826 Individual Participants

160 approx Global Majority:

170 approx with Disabilities; Additional Needs:

1,704 Interventions

373,026 Audiences None were live. Mammoth film, the 30th Anniversary

9

Going Forward

Most arts organizations are facing challenges and an uncertain future. Even before C-19 arrived Skylight was making operational change for sustainability. The a ppointment of CEO, David Allen has given this a new impetus. His dynamism is inspiring staff, trustees and partner organisations.

Priority Areas Reviewed include:

Confirmed in the short term

BBC Children in Need Spring 3 is secured for a further three years with disadvantaged, disabled young people.

Silver Circus ongoing group will continue until at least January, 2022 with funding from D'Oyly Carte, Skelton Trust and Henry Smith Challenge

Henry Smith Strengthening Communities Continuation application has been submitted for a further 3years of unrestricted funding.

Circus Globe: BAME project with asylum seekers, refugees and Roma young people Autumn 2021, event for Gaia installation in Riverside - funded by Henry Smith Challenge.

CCG funding of Side by Side for vulnerable young people was recommissioned for 21/22. The project’s sixth year.

Arts Council Lottery, Skylight recent bid for Circus Routes with organisational development met all criteria, but was declined. It is being revised with a stronger quality emphasis and the first part will soon be submitted for The Patch (name tbc).

.

Spotlight troupe for young people who want a career in circus/social circus will be re-launched during 2022.

Visiting trainers from national companies. Skylight continues to be committed to working with nationally recognised companies and practitioners to improve team and participant’s circus performance and creativity. Discussions will resume with practitioners such as Grania Pickard, Oddly Moving, Atlas, Mimbre and Citrus Arts,

Cotton Famine Road Project A large scale multi-arts, multi-organisation project is in planning for September 2022. Sponsored by YourTrust, Skylight began discussions around being a partner on a theatre-led event celebrating the Cotton Famine Road story. We expect further developments in 2021.

10

Several tried and tested projects with great outcomes for disadvantaged people will be introduced into the programmes over the next three years when funding is secured. For example:

Inclusive Collaborative Performance, professionals and participants work together! Young Carers, respite, training and performance, Rochdale and Greater Manchester Ropes: regular sessions for adults with profound disabilities, additional conditions Time to Shine , for challenging, excluded young people in PRUs (Pupil Referment Units)

Building Project - corner extension

There are pressures on both training and meeting/office space in Skylight’s venue. The Building Funding Programme was about to be launched in 2019, after planning consents had been granted and the quotes came in at an achievable £30-35k. Landlords, St Chad’s Educational Trust, agreed to a 15 year lease. The pandemic has made extra space even more necessary. The capital funding campaign resumed during 2021. Preliminary groundwork surveys are scheduled for Dec 21 to ensure a start date within the planning consent period.

Financial review 2020/21

March 2021 ended in surplus with healthy reserves. Skylight Board had prioritised increasing reserves in response to losing local authority revenue and as a match for leveraging funding, not foreseeing a disastrous pandemic! The organisation is in a stronger position than it might have been and is grateful for the extra Covid support from government and other funders; Job Retention Scheme, Local Authority Business grants, Arts Council Emergency Funds, BBC Children in Need Booster, Henry Smith ‘Challenge. Rochdale BC funding for 2021/22 is confirmed to be £10,000.

Venue and running costs were lower in 2020. Staff costs reduced when CF resigned and increased when DA was appointed. An improved staffing structure will increase future costs but there is no uncertainty about the charity being able to continue to operate.

Reserves policy

A fund is set aside to cover staff redundancies, with a minimum of 2/3 months running costs. The company has no liabilities other than to St Chad’s Educational Trust, to restore the building to its original condition if we leave. Money is held in a separate trust for this purpose, to be increased by £2500 for the lease extension.

At the year-end 2021 total reserves were £168,749, of which £50,653 were restricted funds. The General fund was £118,115 (unrestricted funds). From the General fund several amounts are set aside for liabilities or designated expenditure:

£2,500 extra deposit for 15 year lease from St Chad’s £50,760 for 3 months running costs, redundancy and lease liability

£16,860 towards building extension, refurbishment, signage

£20,000 to develop creative programme £20,000 to subsidise key development posts, if funding bids are declined

£110,120 Total Designated from unrestricted reserves

Free (unrestricted) reserves on 1 April 2021 were £7,995

11

Structure, governance and management

Skylight was registered as a company limited by guarantee and a registered charity in December 1990. The company has a memorandum of association which established the objects and powers of the charitable company and it is governed under its articles of Association.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31st March 2019 was 7 (in 2016: it was 7). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 10 to the accounts. Trustees who are related parties this year: The Chair, J C Riley, is married to Noreen White.

Prospective trustees receive induction materials and are voted onto the board. No other person or external body is entitled to appoint trustees. The Trustee recruitment campaign began recently. Vacancies exist for treasurer, legal adviser, artists, input from young people, local diversity groups.

Risk management

Trustees monitor financial and other risks at quarterly meetings so they can take prompt action when needed. Over this year all were via Zoom. Trustees monitor risks in the subgroups set up at times to address specific needs in addition to full trustee meetings. Usually, these are: Employment Sub Group, Finance Sub group and Creative Sub group. Only the Employment group met this year.

Statement of responsibilities of the trustees

The trustees (who are also directors of Skylight Circus in Education for the purposes of company law) are responsible for preparing the trustees annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

12

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

The trustees' annual report has been approved by the trustees on 9 December 2021 and signed on their behalf by:

J. Riley

Chair of Board of Trustee

A big thank you to

All who have volunteered and helped us over the year, including our hard-working staff and the trustees who contributed far more than their roles demanded.

St Chad’s Educational Trust (landlords gave a quarter lease holiday during lockdown) David Yazdi for legal advice M6 for all their help and advice The Lowry for great support and training Action Together - too much to list Frank Hogan for ongoing donation Gemma Wheatley James Roberts, Citrus Arts Your Trust (was Link4life) and Rochdale BC Walk the Plank Extraordinary Bodies Cartwheel Arts Jamboree Arts Janet Emsley Claire Minett Linda Kean Maggie Greta Liam Danni

A special thank you to Eira Short and Smuzz for lovely maps, drawings, cartoons in the guides

And the three Mums from Home Education!

13

Independent examiner’s report to the trustees of Skylight Circus in Education for the year ended 31 March 2021

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021 which are set out on pages 15 to 29.

Responsibilities and basis of report

As the charity 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 company’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

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 that in any material respect:

  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.

Emma Willder, FCMA, CGMA, CG(Affiliated)

Beyond Profit Ltd G104 Bolton Arena Arena Approach Horwich Bolton BL6 6LB

Date: 15‐Dec‐21

14

Skylight Circus in Education

Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
8
Transfer between funds
Net movement in funds for the year
Reconciliation of funds
Total funds brought forward
Total funds carried forward
17
Net income/(expenditure) for the
year		 Unrestricted
funds

£
19,952
31,681
-
51,633
25,681
25,681
25,953
174
26,127
91,988
118,115		 Restricted
funds
£
-
115,049
-
115,049
109,094
109,094
5,956
(174)
5,782
44,853
50,635		 Total funds
2021
£
19,952
146,730
-
166,682
134,774
134,774
31,908
-
31,908
136,841
168,749		 Unrestricted
funds
£
7,990
63,198
-
71,188
43,359
43,359
27,829
-
27,829
64,159
91,988		 Restricted
funds
£
-
96,334
-
96,334
108,660
108,660
(12,326)
-
(12,326)
57,179
44,853		 Total funds
2020
£
7,990
159,532
-
167,522
152,019
152,019
15,503
-
15,503
121,338
136,841

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

15

Skylight Circus in Education Company number 2567143

Balance sheet as at 31 March 2021

Note
£
£
Fixed assets
Tangible assets
13
-
Total fixed assets
-
Current assets
Debtors
14
4,093
Cash at bank and in hand
16
173,691
Total current assets
177,784
Liabilities
Creditors: amounts falling
due in less than one year
15
(9,035)
Net current assets
168,749
Total assets less current liabilities
168,749
Net assets
168,749
The funds of the charity:
Restricted income funds
17
50,635
Unrestricted income funds
18
118,115
Total charity funds
168,749
2021		 £
£
-
-
8,895
134,199
143,094
(6,253)
136,841
136,841
136,841
44,853
91,988
136,841
2020		 £
£
-
-
8,895
134,199
143,094
(6,253)
136,841
136,841
136,841
44,853
91,988
136,841
2020
-
136,841
136,841
136,841
44,853
91,988
136,841

For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime (of the Companies Act 2006).

The notes on pages 14 to 27 form part of these accounts.

Approved by the trustees on 9th December 2021 and signed on their behalf by:

J. Riley (Chair)

16

Skylight Circus in Education

Statement of Cash Flows

for the year ending 31 March 2021

Note
Cash provided by/(used in) operating activities
20
Cash flows from investing activities:
Dividends, interest, and rents from investments
Cash provided by/(used in) investing activities
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Increase/(decrease) in cash and cash
equivalents in the year		 2021
£
39,492
-
-
39,492
134,199
173,691		 2020
£
14,799
-
-
14,799
119,400
134,199

17

Skylight Circus in Education

Notes to the accounts for the year ended 31 March 2021

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with 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) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Skylight Circus in Education meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

No key judgments which the trustees have made which have a significant effect on the accounts.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

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d Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

f Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

g Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 7.

i Operating leases

Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

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j Tangible fixed assets

Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Leasehold improvement 10% straight line method Circus equipment 25% straight line method Office equipment 20% straight line method Computer Equipment 33% straight line method Motor Vehicles 25% straight line method

k Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

l Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

m Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

n Pensions

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 9. There were no outstanding contributions at the year end.

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

20

3 Income from donations and legacies

Rochdale MBC
Donations
Total		 Total 2021
£
19,669
283
19,952		 Total 2020
£
7,440
550
7,990

All income from donations and legacies is unrestricted.

4 Income from charitable activities

Grants and contracts
Arts Council
BBC Children In Need
CCG
D'Oly Carte
Henry Smith Charity
Skelton Charity
Coronavirus Job Retention Scheme
Fees and Other Income
Circus Skills Workshops
Circus Skills Classes
Other
Total		 Unrestricted
£
-
-
-
-
-
-
22,009
22,009
8,326
523
823
9,672
31,681		 Restricted
£
21,491
6,620
16,063
3,000
66,875
1,000
-
115,049
-
-
-
-
115,049		 Total 2021
£
21,491
6,620
16,063
3,000
66,875
1,000
22,009
137,058
8,326
523
823
9,672
146,730

21

Income from charitable activities (Cont.)

Previous reporting period

Grants and contracts
Arts Council
BBC Children In Need
Burnley College
Cartwheel Arts
CCG
Henry Smith Charity
Heritage Lottery Fund
Ironmongers Charity
Kirkholt Circus Wow
Rochdale Boroughwide Housing
Fees and Other Income
Circus Skills Workshops
Circus Skills Classes
Other
Total		 Unrestricted
£
-
-
500
-
-
-
-
-
-
-
500
25,652
19,224
17,822
62,698
63,198		 Restricted
£
13,415
14,495
-
1,930
16,063
25,500
9,900
5,975
4,991
4,065
96,334
-
-
-
-
96,334		 Total 2020
£
13,415
14,495
500
1,930
16,063
25,500
9,900
5,975
4,991
4,065
96,834
25,652
19,224
17,822
62,698
159,532

5 Investment income

All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted.

22

6 Analysis of expenditure on charitable activities

Staff costs
Freelancers
Costs of Arts, Activities & Workshops
Premises
Vehicle Costs
Insurance
Office Costs
Professional Fees
Bad debts
Depreciation
Restricted expenditure
Unrestricted expenditure
Governance costs (see note 7)
Support costs (see note 7)		 Total 2021
£
69,613
12,351
6,375
10,761
511
4,113
7,007
-
-
-
2,198
21,845
134,774
2021
£
109,094
25,681
134,774		 Total 2020
£
66,326
32,815
8,249
13,837
634
4,156
2,998
-
-
515
1,699
20,790
152,019
2020
£
108,660
43,359
152,019

7 Analysis of governance and support costs

Basis of
apportionment
Staff costs
Time spent
Premises
Floor area
Office costs
Floor area
Accountancy services
Governance		 Support
£
17,403
2,690
1,752
-
21,845		 Governance
£
-
-
-
2,198
2,198		 Total 2021
£
17,403
2,690
1,752
2,198
24,043

23

8 Net income/(expenditure) for the year

This is stated after charging/(crediting):

This is stated after charging/(crediting): 2021 2020
£ £
Depreciation - 517
Operating lease rentals:
Property 7,500 10,000
Accountancy Fees:
Accountancy & payroll bureau fees 518 559
Accounts preparation 1,140 600
Independent examination 540 540

9 Staff costs

Staff costs during the year were as follows:

Wages and salaries
Social security costs
Pensions
Allocated as follows:
Charitable activities
Support costs		 2021
£
81,762
3,570
1,684
87,016
69,613
17,403
87,016		 2020
£
78,807
2,625
1,476
82,908
66,326
16,582
82,908

No employees has employee benefits in excess of £60,000 (2020: Nil).

The average number of staff employed during the period was 4.8 (2020: 5.3).

The key management personnel of the charity comprise the trustees, the Creative Director and the Business and Development Manager and the new CEO (appointed Feb 2021). The total employee benefits of the key management personnel of the charity were £54,184 (2020: £44,162).

10 Trustee remuneration and expenses, and related party transactions

No trustees received travel and subsistence expenses during the year (2020:£nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

Jim Riley (trustee) received no fees or the provision of circus workshops during the year (2020: £1,285). In addition he received reimbursement of expenses incurred on behalf of Skylight Circus totalling £7,512 (2020:£2,170) realting to purchases of IT equipment (£6,267), office costs and repairs and maintenance.

The Trustee do not have Trustee Indemnity Insurance

24

11 Government grants

The government grants recognised in the accounts were as follows:

Rochdale MBC
Coronavirus job retention scheme		 2021
£
19,669
22,009
41,678		 2020
£
7,440
-
7,440

There were no unfulfilled conditions and contingencies attaching to the grants.

12 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

13 Fixed assets: tangible assets

Leasehold
improvements
Cost
£
7,997
Additions
-
Disposals
-
7,997
Depreciation
7,997
Charge for the year
-
Disposals
-
7,997
Net book value
-
-
At 31 March 2020
At 31 March 2021
At 1 April 2020
At 31 March 2021
At 1 April 2020
At 31 March 2021		 Circus
equipment
£
38,739
-
-
38,739
38,739
-
-
38,739
-
-		 Office
equipment
£
18,317
-
-
18,317
18,317
-
-
18,317
-
-		 £
65,053
-
-
Total
65,053
65,053
-
-
65,053
-
-

25

14 Debtors

Debtors
Trade debtors
Prepayments and accrued income		 2021
£
2,496
1,597
4,093		 2020
£
4,140
4,755
8,895

15 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Other creditors and accruals
Taxation and social security costs		 2021
£
3,140
2,948
2,947
9,035		 2020
£
3,133
1,140
1,980
6,253
16
Cash at bank and in hand
Cash at bank and on hand		 2021
£
173,691
173,691		 2020
£
134,199
134,199

26

17 Analysis of movements in restricted funds

Balance at
1 April
2020
£
Arts Council
3,837
CCG
16,064
Children in Need
3,648
D'oly Carte
-
Foyle Foundation
4,000
Henry Smith
6,500
Heritage Lottery
4,672
Ironmongers Charity
1,004
Kirkholt Millions
4,991
137
Skelton Charity
-
44,853
Balance at
1 April
2019
£
Short Breaks
4,808
Children in Need
2,072
CCG
25,315
Arts Council
2,921
Henry Smith
-
5,982
Postcode Lottery
3,581
Foyle Foundation
12,000
Heritage Lottery
-
Small grants
500
Ironmongers Charity
-
Kirkholt Millions
-
Cartwheek Arts
-
57,179
Previous reporting period
Garfield Weston Foundation
Rochdale Boroughwide
Housing
Rochdale Boroughwide
Housing		 Income
£
21,491
16,063
6,620
3,000
-
66,875
-
-
-
-
1,000
115,049
Income
£
-
14,495
16,063
13,415
25,500
-
-
-
9,900
-
5,975
4,065
4,991
1,930
96,334		 Expenditure
£
(24,916)
(14,542)
(6,620)
(2,378)
(4,000)
(47,757)
(4,635)
(950)
(2,496)
-
(800)
(109,094)
Expenditure
£
(4,808)
(12,919)
(25,314)
(12,499)
(19,000)
(5,982)
(3,581)
(8,000)
(5,228)
(500)
(4,971)
(3,928)
-
(1,930)
(108,660)		 Transfers
£
-
-
-
-
-
-
(37)
-
-
(137)
(174)
Transfers
£
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2021
£
412
17,585
3,648
622
-
25,618
-
54
2,496
-
200
50,635
Balance at
31 March
2020
£
-
3,648
16,064
3,837
6,500
-
-
4,000
4,672
-
1,004
137
4,991
-
44,853

27

Analysis of movements in restricted funds (Cont.)

Name of restricted fund Description, nature and purposes of the fund

Arts Council

a) Lottery Grant ‘Extinct’ ‘Mammoth’ production & film with young people examining climate change 2019-20 b) Emergency Response COVID relief funding Fund CCG ‘Side by Side’’ circus sessions for vulnerable children Children in Need a) Spring 2 Project 2017-20 Circus for young people with disadvantages, disabilities and special educational needs schools b) Booster Grant COVID provision, equipment and activities D'oly Carte Silver Circus sessions for elders Foyle Foundation Specified running costs for training/performance

Henry Smith

Specified running costs, circus activities for disadvantaged

a) Strengthening Specified running costs, circus activities for disadvantaged Communities 2018-21 b) Community Challenge COVID response activities, equipment and running costs Heritage Lottery ‘Three Fossils’ project research and match for ‘Mammoth’ and fossil discovery walk guides Ironmongers Charity ‘Time to Shine’ project with PRU and special school Kirkholt Milloins ‘Circus Wow 2’, holiday activities for disadvantaged young people

Kirkholt Milloins ‘Circus Wow 2’, holiday activities for disadvantaged young people Rochdale Boroughwide ‘Circus Wow 1’ project for disadvantaged young people in Kirkholt. Housing Skelton Charity COVID response; equipment for remote delivery and home packs for elders and those with disabilities

28

18 Analysis of movement in unrestricted funds

Balance
at 1 April
2020
Income
Expenditure
Transfers
£
£
£
£
91,988
51,633
(25,681)
174
91,988
51,633
(25,681)
174
Balance
at 1 April
2019
Income
Expenditure
Transfers
£
£
£
£
64,159
71,188
(43,359)
-
15,506
48,653
-
-
Description, nature and purposes of the fund
Name of
Previous reporting period
General fund
General fund		 As at 31
March 2021
£
118,115
118,115
As at 31
March 2020
£
91,988
64,159

General fund The free reserves after allowing for all designated funds

29

19 Analysis of net assets between funds

Net current assets/(liabilities)
Total
Net current assets/(liabilities)
Total
Previous reporting period		 General
fund
£
118,115
118,115
General
fund
£
63,642
63,642		 Designated
funds
£
-
-
Designated
funds
£
-
-		 Restricted
funds
£
50,635
50,635
Restricted
funds
£
57,179
57,179		 Total
£
168,749
168,749
Total
£
120,821
120,821

20 Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year
Adjustments for:
Depreciation charge
Dividends, interest and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating
activities		 2020
£
31,908
-
-
4,802
2,782
39,492		 2019
£
56,519
514
(18)
(1,854)
988
56,149

30