GREENTOP COMMUNITY CIRCUS CENTRE LTD Financial statements for the year ended 31 st Dernber 2024 Charity number: 1054722 Registered England and Wales Company number: 03185290 Company limited by guarantee
GREETrrrop COMMUNITY CIRCUS CENTRE LTD Contents of the financial statements for the year ended 31st December 2024 Page Administrative Detsils Dirertors rrrustees Report) Independent Examiners Report Statement of Flnancial Activities Balance Sheet Notes to the accounts 10-15
GREETrThOP COMMUNITY CIRCUS CENTrE LTD Administrative details for the year ended 31st December 2024 Registered Naff GREENTOP COMMUNITY CIRCUS CENTRE LTD Registered Charity numbof 1054722 Registered Company number 03185290 Directors (frustee5) P Cheung, TrUstselComnY Secretsry l F Morley. Trustee R B Gillet( Trust88 J Gridley. Trustee N R Kane, Trustee S M L(h¥l Jones. TTUStee B Nori, Chair Regislered Office St Thomas Church Holywell Road Brightstde Sheffield S4 8AS Bankers The COperatiVe Bank Independent examiner Heera Singh FMAAT HSLACCOUntan Sdutions Ltd Enterwtse House 61 a Carr House Doncaster DNI 2BY P8g8 1
GREEhrrop COMMUNITY CIRCUS CENTRE LTD The Directors Itrusteesl present their annual report for the year ended 31 st December 2024 Chairperson's Statement 2024 has been a year of grovrth for Greentop. thith ow programme of regular adult and youth classes now Invo1ng (Ner two hundred people each week and exceeding our tsrgets. These have been underrAnned by addltional teaching support helpng to ensure we maximise inclusivity and accessitrAlity. We have exterKled our bursary support to thity- eight people enabling them to join in when cost VKJuld otherwise be wohibitwe. We have expanded our engagement across the neIghurhood Yith a real highlight being the dosing of local streets for a stilt walking rArade ty young people from the Grimesthorpe neighbourhood circus and a shared event at the Grimesthorpe Famity centre. We have established a new partn8rship ryth local So8ntUre chadty Endeavour, comF4eting a feasib'lity study to establish the UK'S first Circus Alternative Provision pr(N3ramme for young Feople exduded from school due to stsrt in 2025. We are proud that two of our participants have Secur places at the Centre for Ath4anced training. Three Scratch and ShowGase events enabled er twenty a'sts to test out new work in front of an audien<% of CNer two hundred people. With support from Arts Council EnglarKI we have been able to urKlertake a major Fiece of a(Mlience deve10wnt work, including surveys, anatysis of (h'gital marketing and data collection opwrtunities and an implementation strategy. Insights fom this work are now underF#nning a data driven apwoach to marketing and our Hlre Us growih strategy. We are very thankful to our key supporters who Continued to ace confidence in Greentop, not least Arts Council EnglarKI, the Garfield Weston Foundation, The Brelms TrLLSt, Foyle Foundation and Sheffidd Tovm Trust. Also to Sheffield City Council and funds through the UK Shared Prosperity FU1, and South Yorkshire Mayoral Comtined Authority.Our appreciation also goes to all the local trusts and foundations and private donors. whose support has underpinned our atrflity to eage people we would not other4¥ise be able to reach. Extemal econorric factors continue to put pressure on the charitable sector, and tIMS is reflected in our finanaal outtum for the year. The Management arKI the Board continuously revitr our furKlraising strategy and delivery plans to ensure a low-term sustainatx'lity of Greentop in difficult corKlitions. lanka Nori, C air Page 2
GREErOP COMMUNITY aRCUS CENTRE LTD The Directors (trustees) present their annual rnport for the year ended 31st December 2024 The Trustees wesent their annual report together 1th the finan(xal statements of the charity for the 1 January 2024 to 31 December 2024. The Annual ReKK)rt serves the purposes of t)oth a Trustees, r8POrt and a (threctors. report under CoMnY law. The Trustees confimi that the Annual Report and financi81 statements of the charilable company comply with the current statutory requirements, the requirements of the charitatAe company's governing document and the provisions of the Slatement of Recommended Pradice (SORP) apFlicable to charities preparing their accounts in accordance V•ryth the Finan(aal RepO.rd Slandard appIlble in the UK and Republc of IrelarKI (FRS102) (effective 1 January 2019). Since the charity qualifi8s as small under section 382 of the COmnieS Act 2W6, the Strateglc ReKX)rt required of medium and large companies under the ComFpnies Ad 2CQ6 (StrateLic Report and Elrectors, Report) Regulations 2013 has been omitted. Objectives and activities pO.¢18S and objedives Greentop's purpose is to prom(rte VAcellent circus that in¥#res young people, gmws wellbeing, arKI de10F6 artists. The Trustees give due consderation to general giidance published ty the Charity commion relating to publi¢ b8nefit, induding the guidance 'Put4ic benefit: runnirvJ a chaiity (PB2)' In deciding the aclivities which the charity should undertake. by rerfiewiTVJ the needs of their benefiaaries, by ensurirvJ that the services are inclusNe and that no detriment or hami arises from the organisation ¢arryirvJ out its athiti'es. strategies for achievirYJ objedives Greentop is a dedicated centre for arcus arts hith 29 years, exFerience of serding the North of England with professional circus arts trainiThJ, Yth Circus and spe(jaSt VrkShopS arKI events for communities, schools, and businesses. Our vision for achieving this is to be a centre of excellence in social arcus; and to be an integral part of Sheffield dty r8gion's creatbve ecology, groN¥ing t8aching practice, arfists and vitrKant arcus making. Artlstically: We promote the creation of excellent circus that generates wonder, excitement, challee and joy as a collaborative Fert of a broader set of creative resources that grov enjoyment of arcus arts. We support the techr¢81 and artistic development needs of artists and t8achers and enable them to mak8 a INing through direct employment, proaression OPFQrtunities and Signping to opportunity. Socially: By pr(widing opwrtunty for people to do and explore Circ using the trtiCUlar strengths of circus (challenge. celebration, physical dedelownent, communication) that engages people in different communities. supporting thetr change and growth, promoting the health and V**ll being and education of inthviduals and communities. Financially.. By delivering quality programm8s d6veloixng current and new alenceS. generati net income streams arKI fundlng Fartnership. We are future-orientated, infiuencing strategic derfelopn8nt of our sector aThJ aty and work effectively and effiaently by beirYJ gocKI at respondiry to change. Our Values.. UnderFinniThJ everythiNJ we do: Qualty: Just as we strive to hone incredible skills. we strive for qualty in everything do. Particilxnts: Circus is our $Sion. so we create it 1th care and aFveciation of our prtirAnts and audience. Su&ainable'. The Green in Groentop refiects our founder5. aw'ration for w)rf¢ing as of a wder natural world. We continue this intention by makng Greentop finanaally. s(Kialty arKI environmentslty sustainable. Safe: We wcwide a safe yce for people of all aliliti8S to axplore inncwatiorts. take KYSical risks and be amkxtious. Collaborative: We Wrk collatK)ratively - reachiNJ oth across <x)mmur#ties, across art fom, and across activities, cultures and s8Ctors. Page 3
GREENTOP COMMUNITY CIRCUS CENTRE LTD The Directors Itrustees) present their annual report for the year ended 31 st December 2024 Main achievements of the charity Programme highlights.. 04er the year our regular proJramm8 of adult and youth classes have grown further invofving over 200 people each week and exceeded our target& These have indUdl ltiOnal teaching support to ensure they are as inclusive as possible We have been able to supwt 38 FeOtAe through our rSary schem8 enabllng them to join In when cost would otherwise be prohitM1ive. 3 Scratch and showcase events en8t1 er 22 a'sts to try out new work to an audience of 220. We programmed a series of 5 Masterclass8s, and introdu¢8d classes for LBGTQ+ community and family acrobati{. We ha4e been able to expand our engagement in the neighbourhood a slilt vRllqng Parade by young people from the Grimesthorpe neightKJurhood circus %%vas a real Imghlght. We closed roads around their neightourhood wth 200 friends and neightx)urs enjoyirvJ the Parade and sharing erfent at the Grimesthorpe Family centre. Estsblished a nthv rtnershiP 1th I[ thenture thaftty Erwjeavour completiTrJ a feasitrAIIty study to establish the UK'S fitst Circus Alternative Provision programme for young peOe ffxcluded from school. to start in 2025. Delighted that 2 youth (xrcus rArtiapants have been offered #aces on the National Centre for Circus Art's Centre forAdvanced TraiThng programme. Continued delivery of our inclusive arcus priy3ramn indudNJ additional tea¢trng support for those w7th additional needs, weekty n8ighbourhocxl faty arcus monthly Spedrum circus and circus Minis arKJ free Healthy holiday programmes. Organisation development highlbghts: With support from Arts Council England been able to undertak8 a major iiece of audience dvlelopment work, including suNeys, analysis of digital Markets' and data collection opwrtunities and an implementation strategy. Insights fom thls work is now underFinning a data driven apwoach to marketlNJ, KPI monitorfng and our Hir8 Us growth strategy. We now know more aLMJut our rfjrtiarAnts.' Over 213rds are slill involved aftor 1 year and 1fJrd after 4 years 25% are neuro diverse, 120A hav8 a thsability and 210A Bisexual. 999A of particxppnts are proud of what they have aclleved. 82% young peopb say (irjS gives me confidence in other areas of my life. Approx 40% of sign-UPS to our Taster Classes (between May - SeFember 2024) came from our outreach work. We have been able to rene•V our heati system 1th an aim to save awox 1.5Tonnes of (2rbon each year through installation of destratification farB and high effiaency he8teFS. made KM)ssible with support from the UKSPF Low Carbon Community and Culture Project. We are very thankful to key Supporte that he continued to place ¢X)nfidence in Greentop, not least Arts Coun1 England, the Garfield Weston Foundalion, The Brdms Trust. Foyle Foundat'on and Sheffield Town Trust. Also to Sheffield Cty Council and funds through the UK Shar1 Prosperity Fund. and South Yorkshire Mayoral Combined Authority We also extend our appreaation to local trusts and foundations and prrrfate donots, whose support has underFinn&J our a'lIty to engage people YUld not Otherlse be able to reach, indudirvJ: Harry Bottom Charitst48 Trust, Hays Travel Foundation, Sheffield Grammar School Exhibttion Foundation, JG Graves Charitable Trust, Bluecoat and Mount Ple&4nt Educational FourKlation. The cUue ComEeny Sheffield 1000. James Neil Trust, Freshgate Foundation. Flnance report 2024 had a negative ouitum of £8,046. This is bel(Y•V our break 8ven budget target, but an improvement against 2023 out turn. Although support from Trust and FourKlations had exceed&J 8XPeCtalior6, ¢paaty has not return1 to pre-covid Scale, and with rising cost of Iving, both our youth and adult programme p8rformed to target. Whereas our Hireus outreach aclivity has defiritely been imrfjdwj ty tsghtened b1get across 811 secors and r&lucing a ty income generating area. Page 4
GREEhrrop COMMUNITY CIRCUS CENTRE LTD The Directors (trustees) present their annual report for the year ended 31 st December 2024 Plans for the futurn period We 111 be implementing marketiNJ and c<xnmunicion strategies developed from insights gained from the Audience Development projed undertak8n over the year Vith a goal to increase effetXNeness in generating net income and reduce dernarKls on grant support. The insights about our exisling audiences, is helping us identify new marketing approaches and shaF4ng develoFThent of our data systeffts to ensure we have a full understanding of the customer journey and our sYsteW and communication are effe(the in eroaging tsm. We wryll t)e extending our new rtnerShip Yth local charity EThJeavour to irntiate the UK'S first circus based Alternat've education prOVion for young people 8xcluded from school. Our Youth Circus p8rfotffang plattomi Troupe Viill worf( ith 12 young people to cweate a show with an arlislic director and designer to perfonn In the summer on the Greentop outdoor rig. Reserves policy The charity has a long standing resep4es poficy reqring suffiaent free reseNes to be retained to meet any ststLrtory costs in the everrt of the charity needing lo be wound up, for examFle. redundancy Foym8nts and accounts fees for final accounts and to provide working caFitsI to avoid flow problems. The total amount of resepies at 31 December 2024 was £77,449 {2023 £85,495). The trustees are provided V•ryth regular finanL7al reports from the accountant to ensure that any potential shortrall is identified at an early slage and any necessary remedial action can be tsken. In settlng the charity's reserves p0ry. the trustees have considered both the day-ttrday running of the charlty's operations and also the tential for unforeseen costs. The trustees ar8 of the VieV that the charity's aclivities most likely to trigger SigrfiCant unforeseen costs are IlIding reir and income defic¥t from unsuccessful funding tids or under perfomiing earned income. At December 2024 the Irustees have set aside money in a Serate bank d8posIt account of £40.000 with work'rvJ caiitsl of £5.000 tr4nimum in the man a(rount.. Tkms kxylicy will be reviewed annually. Going Concern After making appropriate enquiries, the trustees have a reasonable expectation that th8 charity has adequate resources to continue in operational existence for the foreseeable future. Fof ttris reason they corrtinue to &Jopt the going concem basls in prep8riNJ the financial tements. Further detsils regarding the adoFrtion of the going concem basis can te found in th8 alxounting pcli(ie& Structure, govomanco and management Constitution The charity is registered as a charitable CoMnY IrThted by guarantee and was set up by 8 Memorandum of Association on 12104186. It's registered office is St Thomas Churth. Holywell Road, Brightside, Sheffield, S4 &4S. The charity is constituted urKler a MemoraThlum of Association dated 2710311996 and is 8 reEiStered charity number 1054722. Methods of appolntment or electlon of Trustees The managem8nt of the charity is the respowlylty of the TreBS who are elected and co-opted und8r the tems of the Articles of Assocaation. The Trustees meet at18ast four times per year to ensure the charity is defvering its charilat4e objectives, finanaal probity and compliance V•ith legislation. TrLBte8s are recrLited in relation to the chaiity's ne&ts. identifi&J through an audit and speafjed in a set of trust88 role descriptions. Appointments are made in accordance Clause 40 of the Memorandum of Association by trustee vote. The minimum number of Trustees is three. One4hird of the Trustees retire ty rotation based on lewh of service. All of the Trustees vtho serv8d during the year, as follows: P Cheung R Gillett J Grindley Dr N Kane S M Lowi Jones l Fenwich Motley BNori Page 5
GREErOP COMMUNITY CIRCUS CENTRE LTD The Dirnctors (trustees) present their annual rnport for the year ended 31 st December 2024 Methods of appointment or eleclion of TNstees Financial risk management The Trustees have assessed the major risks to which the charity is exp)s&d, in FQrticular those felated to the operations and finances of the charity, and are salisfied that systerns and procedures are in place to mbtgate exrx)sure to the major risks. Trustees, indemniltes The Tnjstees, as directors of the company, have been granted a qualifying tfird KArty indemnity provision under section 234 of the Companies Act 20C6. Tkis does not wovide c(wer in the 8vent of a director being proved to have acted fraudulently or thshonestly. Management and staffing The stsff team led by the Centre C)iredor arKJ the Chair of the Tntstees are reswnsible for the strategic arKI operational delivery of the Charity. The team is supported by volunteers. No amounts are included in these finanaal statements in respect of the seNices donated by volunteers. Statement of Directors and Trustees. responsibililies The trustees (who are also the directots of the CoMnY for the wrposes of CoMnY law) are responsible for preparing the Trustees, Annual ReFQrt and the finanlial statements in accordance b%ryth apICable law United Kingdom Accounting Standards (United lfjwjom Generalty A¢cept&J Accounling Pradice). Company law requires the trustees to prepare financial statements for each financial year whSch glve a true and falr view of the state of affaits of the charitable comFony and the group and of the incorring resources and application of resources, including the income and exFerKliture of the charitst4e ujmpany and the group for that period. In weparing these financial statements, the trustees are required to. seleLt suitable eccountirvJ w)liiies and then aFyly them consistenty: observe the meth(yJs arKI principles in th8 charities SORP. make judg8ments arKI estimates that are reasonable and prud8nt, state whether applicable UK Accounting Standards hwe teen folloh*d, subject to any material deFartures disclosed and explaned in the finan(?al statements; epare the finanaal statements on the going concern basis unless it is inapwopriate to presume that the charitable c(ffipany V4ill continue in business. The trustees ar8 resnSIble for keepng proFer accountiThJ records which disc105e Y•ith r8asonable accuracy at any time the ffinancial position of the charitable company and of the group arKI enable them to ensure that the finanoal statements compty with the ComFonies Act 2006. They are also responsible for safeguarding the ass8ts of the charitable company and th8 group and hence for lakirNJ reasonable st8ps for the yevention arKI detection of fraud and other irregularities. Small company provisions: This report has been preFAred in accordance V+ith the special provisions for small comFonies under Part 15 of the Companies Act 2006. The direclors d8clare that they he aw)roved the (Irecto. report above. &gned on behalf of the comFony's directors.. The trustees declar8 that they have apwoved the abcwe report. &gned on behalf of the trust88S Signed: Name and p)sition: Page 6
Examiner's report to the trustees of GREErOP COMMUNI CIRCUS CETrrrRE LTD for the year ended 31st December 2024 I report on the accounts of the GREENTOP COMMUN5TY CIRCUS cErRE LTD for the year ended 31 December 2024 which are set out on the following Fog8s 8 to 15. Respective responsibilities of trustees and examiner The charity's trustees (who are also the directors of the Company for the pureS of C1panY law) are resFK)nsible for the preFMrab'on of the accounts. The charrty's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 Qhe 2011 Act) and that an indepeIent examination is needed. Having s8tisfi8d mys8lf that the charity is not subj'ect to aJrt under coMFnY law and is eligilJe for independent examination, it is ry responsitxlity to.. exane the accounts under Section 145 of the 2011 Ad; follow the procedures laid down In the general t)rec*orE gN8n ty tha Charity Comnlssion under section 145(5)(b) of the 2011 Act,. and state whether particular matter5 have come to rry attention. Basis of independent examinerfs report My examination vras carried out in accordance thith the general Directions given by the Charity Commission. An examlnation Includes a revi8w of the accountiro rerdS kept by the charity and a comForfson of the accounts presented V4ith those records. It aso includes consideration of ary unusual items or dsclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would b8 required in an audt and consequently no otxrmon Is glven as to ether the accounts present a Yrue and fair vievl and the retK)rt is linrrit&d to thc6e rnatte set out in the statement below. IrK18pendent examinerfs &atement In connection with my examination, no matter has (xxne to my attention: 1. which gples me reasonable to be16ve that, in ary material respect, the r&]uirements: accounting records have not been kept in a(u)rdance with section 386 of the COmnieS Act 2006; th8 accounts do not accord with such records: where accounts are prered on an accruals basis, wh8th8r they fat'l lo comtAy with r818vant accounting requirements under section 396 of the ComFpnies Act 2006. or are not consistent with the Charities SORP {FRS10 any matt8r which the exaffllnef believes should be drawn to the attention of the reader to gain a proper understanding of the accounts. have not been met; or to vthich, in my oixr¥on, attention $IUld be drawn in order to enable a proper urKlerstaThling of the accounts to be reached. Mr Heera &ngh FMAAT HSL Accountancy Sdutions Ltd Enterprise House 61 a Carr House Doncaster DN12BY Page 7
GREENfop COMMUNITY aRCUS CENTRE LTD Statement of Financial Activities for the year ended 31st December 2024 Unrestrl¢aed Restrfctad funds fund Total 2024 Total 2023 InMm• from: Grants and donatior Income from charitat4e adivities Investments 10,155 188.575 783 84,326 94,481 188,575 783 80,889 167,096 467 Total 84326 283839 248452 Expendlture on: Charitat4e activities 220,763 71,122 291,885 277,050 Total 71 122 291.885 277 050 Nèt Incomdlffxpendture) -21,249 13,204 -8,046 -28,598 Net movement in funds after trSfer$ 41,249 13,204 Totsl fund8 oUght forward at 18t January 2024 81,511 3,984 85,495 114,093 Total funds carrled forwa 31st Deeanber 2024 The above statement includes all gains aTha loses recc*Jnised duriThJ the year. All aclNiiies are regarded as continuing. The accounling poldes arKJ notes on pages 10 to 15 fm part of thes8 finandal statements. Page 8
GREENTOP COMMUNITY CIRCUS CENTrE LTD Balance sheet As at 31st December 2024 Notes 2024 2023 Fixed assets TatYJible assets 20.503 23.636 Current assets Debto Cash at bank arKI in hand 6,881 65,643 72,524 10,399 66,431 76.830 Creditors lamounts falling due in one year) -15.577 -14.971 Net current assets 61,859 Nat assets 77,449 Reconclllatlon of Funds Unrestricted funds Restricted funds Total funds 10 3,984 81,511 85.495 17,188 77,449 For the period ended 31° December 2024, the comFony is enlsued to the audit exeMlOn under seclion 477 (2) of the Companies Act 2006. The members hav8 not requirgj the CornFny to olknin an afit in accordance with section 476 of the Companies Act 2006. The diredors acknowledge their resFonstilities for.. a) ensuring the company kee acCountij records whlch COmY seclion 386. and b) preparing accounts which give a true and fair view of the state of affairs of the comFAny as at the end of the financial year, arKI its profit or loss for the finanaal year, in accordance with the reqiirement of the coMnI8S Act 2006 relating to a(xounts, so far as Is applicaNe to the comFeny. These accounts have been prepared in accordance N%ith the provisions applicable to comFfjnies subject to small comkBnies' reglme. The diredors declare that they have appred the accounts above. Signed on behalf of the comFony's directors: Signed: NamearKlposition: E£co SyL(£L1 ¢¥ ef Dote.. The accountiThJ poliaes and notes on pages 10 to 15 fomi part of these finanaal ststem8nts. Page 9
GREEhrrop COMMUNI CIRCUS cErRE LTD Notes to the financial statements for the year ended 31 st December 2024 Accounting policies Basis of preparation The financaal statements have been prepred in accordance viith the Charities SORP (FRS 102) - Accounting and R8Wrting by Charities.. Statement of Recomended Practice applicable to charities preparing thelr accounts in accordance V4ith the Finanaal Reporting Standard applicaL4e in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Finan(ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the C1panIeS Art 2006. Greentop Community Circus Centre Ltd meets the definit'on of a public benefit enlity under FRS 102. Assets and liabtlities are inÉlially recogiis8d at histori1 (x>st or Irartsaction value unless othephise stated in the relvrfant accountiNJ policy. The functional and wesentation currency is pounds sterlng. Incoming resources Voluntary income is received by vray of donations arKI gifts. Suth income is induded durirvJ th8 y8ar in which it is receivable. The value of Services donated by volunteers has not been included. Grants that involve the rpt of income wior to defrayment of expendtture are recognised in full durirvJ the year in which they ar8 receivable. Grants that are receivable after the defrayment of expenditure are recognis8d suring the year in which all of the terms and conditions of the grant harfe been fulfilled arKI the receipt of the grant is certain. Th8S8 wliaes apFAy to th caixtal and revenue grants. Income is defeffed when contractual incoming resources are r8ceiv8d or invced in advance of contradual perfomiance or when the donor slfieS that a grant or donation must only b8 US8d in a future accounting period. Irrrfestment income consists of bank interest receivable 1¢h is recognised upon nolification by the bank. Expenditure Charitable activities arKI Gernance costs are Costs incurred on the charity's educational operations, including 8UPFK)rt costs and costs relating to the g(Nemance of the charity apportion&l to chatitable activities. Resources expended are allocaled to the rtiCUlar adivity where the cost relates dir8Ctly to th aclivity. Costs that cannot be allocated threcty to a partFcular activty are apportioned to the aclivity based on that activity's income unless a more reasonable tgsis can be detetminwj. Supp)rt costs are those costs incurr directy in supp)rt of 8xpendlture on the obi8cts of the Charity. Fund accounting Restrict funds are funds 18C8ived from donors vthich are subj8d to restrith'ons on the purposes for which they may be used of which have been raised for a specific projed. Unr8Strict8d funds are those bhere there are no 8Xtemally imposed restrsctrons. Th8S8 include funds freely a4alatle to the charity for expenditure or apkyopriation to reserves for internalty dgnated purposes. Gowernance costs are thos8 incurred in connection wth the governance atrangoments of th8 Charity and comF4iance vlith constitutional and statutory rUIrements. Tangible fixed assets and depreciation Tar¥Jible fixed assets are carried at cost. nel of depreaation and any provision for iMlMi8nl Depreclatlon Is charged so a5 to allo(*e the cost of tsnglbla fixed assets less their resldual value cver thgir estimated useful lives. Depreiiation is Wlded on th8 fc4101ng basls.. Freehold property - 2% straight Sne Circus 8qUiFm8nt 25% streight line Computer equiFfflent - 33% straight Une Page 10
GREENTOP COMMUNITY CIRCUS CEKfRE LTD Notes to the financial slatements for the year ended 31 st December 2024 Tangible fixed assets and depreciatlon Freehold property is initially re¢ognised in the financial ststements at historic cost. The fair value of the freehold property, in the opinion of the Trustees, cannot be measur&J reliatrAy wtthout undue cost or effort due to the speualised nature of the buiklings. As such the freehokl prop8ty Is accounted for usng the cost model. The Trustees undertake regular imwrment revie5. Taxes The comFeny is not VAT regstefed. a Chaiity the COMry 16 exemOfrom taxation on income and gains falling 1th1n section 505 of the Taxes Act 1988 or s256 of the TaX.on of thargeaFJe gains Aca seclton 505 of the Taxes Act 1988 or 8256 ofthe Taxat'on of ehargeat4e gal Art 1992 to the extent that the68 are apFlied to its chantable OLY'. Credltors Creditors are rexognised vknere the tharity has a present oL4igation resulting from a W event that wll probat4y Tesurt in the transfei of funds to a th'rd party and the amount due to settie the otligat'on can be measured or estimated rdiably. Creditors are normaty recognised at their settlement amourt usudly thè invoice amourt Accru•l charges are normally valued at their Settlent amounL Debtors Debtors are rOgniSj at the Sdunt amount Oje. PreFwments are valu•J at the amount Fyewd. Rentals wYae and T1Vate under operating1Se8 are tharged to the SOFA on a strvAgM line tsa8 over the peri(>d of the lease. 1.10. Penslon eosts The charty oFerates a defined contrrbution pension scheme and the pewon thar99 represents the amounts payat4e by the charity to the fund in resp (rf the year. 1.11. Going concern The financial $tatemerrt8 have tréen preFored on a ping o)ncem basis. Th8 Trusteos have cornider*A the lavd of fun¢ held and the exped income and expenditure for the 12 months fc110qng the authorising of these finaTraa statements and constder the gcing concern tqsis appyokyiate. There are no material uncertainties at the Balance Sheet date. The Trustee5 continu8 to pursue all known Sources and rnn8 of fund'ng that may be 8V1at4e to thffn in order to finance the charity's activities. Income fr¢)m: Grants arKI donatlon: General Restricted Fund Fund Total General Restricted 2024 Fund Fund Total 2023 Donations Grants 631 1.735 93,850 39,311 1,735 79.154 9,524 84.326 39.843 Total 10.155 84,326 94,481 41,046 Income from charitable activities General Restricted Fund Fund Total General Restricted 2024 Fund Fund Total 2023 Outreach Youth Circus Classes and workshops Events and venue hire Profe&8ional other Total 65.434 53.967 54,158 8,247 4,493 65,434 53,967 54.158 8,247 4,493 2,278 188.575 166,546 2,162 47,784 45,685 6,217 3,585 62,162 47,784 46,235 6.217 3,585 1,113 167 096 550 188.515 Page 11
GREErOP COMMUNITY CIRCUS CEhrrRE LTD Notes to the financial statements for the year ended 31st December 2024 Exponditurn on: Cla55e5 Outr••ch youthc1US Workshop5 Ewnts Pfofesslonal Oth•r 2024 Totsl 2023 Tot•1 Dfr•cl costs Performers aTrJ luto Other dir&1 ce61s Legal and prOfessn81 37,551 2273 20,846 81,353 2,684 42.692 100,268 5,269 15,861 40.624 2,068 78,175 20.846 2,684 882 126,728 121 398 Support ca%ts Centre overhead8 Staff training and weware Repairs and maintenance InslanCe Genwal offtt expendwe xlvertising and promction Bank charges Wag8s and salafie¥ DePrlatIon GoverrrarKe costs 4.522 261 3.724 215 3,857 223 532 399 266 13,299 769 8,230 422 31 23 15 1.733 2.191 836 1.428 1,804 1,479 1,869 713 204 153 102 5,099 6,444 2,458 4.708 2,023 123,502 3,198 3,656 165,157 3,963 5,868 7,287 2,051 1,832 114.591 4,478 6,930 155,652 258 193 129 98 74 1,601 1,318 567 1.365 587 188 141 94 81 61 41.991 1,087 1,243 S6,153 34.581 895 35,816 927 4.940 128 3,705 96 2.470 1,024 46.244 146 iio 73 47,895 4,955 3,303 Total 2024 13 328 291885 Total 2023 88,435 %,014 60,489 20,832 11,282 277,050 Expenditure by lunds: General Restricted Fund Fund Total General Restricted 2024 Fund Fund Total 2023 220.763 71,122 291.885 56,483 277 050 Governance costs 2024 2023 Independent 8xamination feelAccountanry fees Professonal costs Tolal 2,340 6,766 164 3,656 The awountanry fees indude an amount of £2,050 (2023: £1.700) relating to the independent examination and £0 (2023.. £3,461) for the pr(Nision of other seDiices from the irKlependent examiner. The remairMrKJ £290 (2023.. £1,605) relates to ouisourced bookkeepirvJ sep4ices [Ided a Serate finn. Staff costs 2024 2023 Salaries Soc4al security costs Contribution to defined contrilxrtion pension schemes 117,230 108,913 3,856 3,441 2,416 2,237 123,502 114,591 Average number of employees during the p81iod was.. No person received emoluments of rn(e than £60,000.in the year. During the current and prior year. non8 of the tr08S receiv&J any remuneration. benefits in kind or reimbursed expenses. 8.00 Page 12
GREENTOP COMMUNITY CIRCUS cErRE LTD Notes to the financial statements for the year ended 31 st December 2024 Tangible fixed assets Freehold Circus Computsr property equipment Computer Total Cost At 1st January 2024 Additions At 31st December 2024 42,126 34,512 9,979 65 10,044 88,617 65 86,682 42,126 34,512 Depreciation At 1st January 2024 Charge this period At 31st DeceMr 2024 32.370 1,047 33,417 8,063 1,308 9,371 62,981 3,198 66,179 23.391 Net book value at 31st December 2024 18.735 1,095 673 20,503 Net b¢)ok value at 31st December 2023 19,578 2,142 1,916 23,636 Debtors - amounts falllng due withln on• year 2024 2023 Accounts receivatrje Accrued income arKI prepayments 1,991 4,890 6,881 5,265 5,134 10,399 Creditors- amounts falling due thin one year 2024 2023 Accounts payable Accruals and d8feffed incorna Other taxation and Socbal security other ueditors 5.912 7,347 1,798 519 15,577 3,160 9,543 1,868 400 10. ststement of funds OpenlrrfJ InGoming 01.01.2024 re•our¢es Expended resour Transfers Closlng 31.12.2024 Unrestrlcted funds General funds 199 514 199 514 -220 763 Restrlcted funds Neighbourho(¥ TrouFe Spectrum Circus AP Grow 8ursary fund Auaence DeveloFment Proje( Grim8Sthorpe Neighbourhood Circus Low Carbon Projt 1.943 18,0 -1.s53 -5,912 -1,445 -6,9)4 -1,10 40 -21,205 -19.302 390 12,595 507 1,537 40 3.450 21,300 19,867 3,450 95 S15 4984 84,325 -71,122 17,188 Total 2024 85,495 283,839 -291.885 There were no transfer of funds during the Ftriod (rfthese accounts. Page 13
GREErOP COMMUNITY CIRCUS CENTRE LTD Notes to the financial statements for the year ended 31 st Decemb•r 2024 10. Statement of funds Opening Incoming Expended Closlng 01.01.2023 resources resources Transfers 31.12.2023 Unrestricted funds General funds 208,059 208,059 -220,567 -220,567 95,010 -991 Restricted funds Neighbourhood Troupe Spectrum This is Clrcus Grow BUery furKI 2,352 2,857 -3,306 -2,900 -3,463 4,949 -38,376 -3,489 954 550 S.OOD 507 1,537 4,912 37 1,900 40 3.529 19,083 40,393 46h83 991 3,984 Total 2023 114.093 248,452 -277.050 During the year, transfers totsThng £991 (2022: £235) were made from unrestrictwj to restrirtgj reseNes to cover additional costs in relation to the programmes run by the charity over and abo4e those covered by the furKling received. These costs were knovm at the time of stsrtiiYJ the WramMe and vKre agreed by the trustees to be Cered try unrestricted reserves. Description of funds NeighlUrhQ0d Circus: Our free neighiK)urhood youth circus for local young people Troupe: Promotion, authtion, anrttThJ and selection for the 2025 produc*on by our Youth perfonnance compwny Spectrum Circus: our programme for young peoF4e vrfth aulism for (tifferent age grouF6 Circus Altemative Programme: F&bIrty study to assess the viatifity of the UK'S first (ircus Alternative education programme for young people exctLKled from school in FQrtnership wth Endeavour training. Grow: the final arti& bursary of the artist developnent wogramme 8LJF5ary fund.. Greentop's scheme to enabEe parfiaFwtion of those who Otherwise uhj not be able to take part Data Driven Audience project: Ats Counctl England supported organisation develoFynent project to improve dats systewts and gain insigms on ujrrent audience to infom matkding and gruél a more inclusive audience GriMesth0r Neighbourhood Circus: Programme of circus creation and rArtiotHtion for local peOe to promote YlIbeIng arKI celebration. Low Cartx)n Commurity and Culture Prqect Carbon reduction thrOh Inslallation of destratification fans aTh a more effeclive heating system Data Driven Audience project: Arts Council EnglarKI supported organisation develoFxnent project to imWe dats systems and gain insights on current audience to infonn ffArf(eting and grow a more inclusive audience Page 14
GREErOP COMMUNITY CIRCUS cErRE LTD Notes to the financial statements for the year ended 31st December 2024 11. Analysis of net asséts bet4%wn funds Unrestricted Restricted Funds Funds Total 2024 Tangible fixed assets Current assets Current babilities 20,503 55,336 -15,577 60,262 20,503 72,524 -15.577 77,449 17.188 17,188 Unrestrictsd Restricted Funds Funds Total 2023 Tangible ed assets Current assets Current liabilities 23,636 23,636 76,830 -14,971 85,495 3,984 -14,971 81,511 3,984 12. Pension commitments The charity operates a d8fin&l rx>rthit%rtions p8nsion scheme. The assets of the scheme are held serArately from those of'the comnY in an indeper¥Jentty adffiristered fuThl. The Fension cost charge represents contributions rAyable try the company to the fund and amourrted to £2,237 (2022.. £2,237). There were contributions able to the fund totsllirvJ £401 (2023: £401) at the tolance sheet date vthich are included in creditors. 13. Members. liability The charity is a CoMnY lirTited by guarantee. The members of the company are the Trustees named on page 1. In the v4ent of the Charity being YurKI up, the latAIty In reSCt of the quarantee Is limitad to £1 per member of the charity. 14. Related party transacllons During the year, the charity purcha*J seplices totalling £2,011 (2023.. £2,011) from businesses ovmed by Irust88s. All such transactions e corKluded under normal market cormlitions. Page 15