2021-08-31-accounts - Academy For Contemporary Circus And Physical Theatre

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.


Contents							Page
Report of the	Board						3-10
Independent	Auditors	Report					11 -13
Consolidated	Statement		of Financial	Activities			14
Consolidated	Balance	Sheet					15
Consolidated	Statement		ofCash Flows				16
Notes forming	part of	the	Consolidated		financial	statements	17 - 24

Directors and Tru	stees
E Dunn		resig n ed	May 2021
A-M Leighton
C Thorne		resigned	November		2021
BTouhig-Gamble		resigned	January	2022
C Williams
L Barlow	—resigned		April 2022
A Dalton-Hardy
M Booth		appointed	January	2022
S Brewster		appointed	January	2022
P Brown		appointed	November		2021
Secretary: T Mason	—resigned		May 2021
Auditors					Harwood Lane & Co,
					Crossley Farm Business Centre,
					Swan Lane,
					Winterbourne,
					Bristol, BS36	1RH
Bankers					Unity Trust Bank
					Nine Brindley	Place,
					Birmingham	B1 2HB
Patrons:
Sir Tony Robinson:		Actor and television presenter
John Fox and Sue	Gill:	Artistic Directors, Welfare State International
Roger Berry:		Former Member of Parliament

					2021	2020
		Notes	Unrestricted	Restricted	Total	Total
INCOME
Income from other trading	activities	2/1.3	39,032	0	39,032	83,690
Investment Income			1,137	0	1,137	1,080
Income from charitable activities		4/1.3	1,103,904	170,859	1,274,763	1,166,710
Total Income			1,144,073	170,859	1,314,932	1,251,480
EXPENDITURE
Costs ofGenerating Funds
- Fundraising					0	0
Charitable Activities		5/1.4	1,174,939	47,341	1,222,280	1,167,414
Total Resources Expended			1,174,939	47,341	1,222,280	1,167,414
Net Incoming/(Outgoing)
Resources for the year			(30,866)	123,518	92,652	84,066
Transfers between funds		17	164,169	(164,169)
Reconciliation offunds
Balances brought forward
As Previously Reported		17	123,663	107,057	230,720	146,654
Total funds carried forward		17	f256,966	f66,406	f'323,372	f230,720

				Notes		2021		2020
TANGIBLE	FIXED	ASSETS		10		82,250		116,715
CURRENT	ASSETS
Stocks				11	2,379		4,379
Debtors				13	72,230		81,980
Cash at Bank and		in Hand		12	263,979		139,508
					338,588		225,867
CREDITORS; amounts			falling
due within	one year			14	(97,466)		(111,862)
Net current	assets					241,122		114,005
Total Assets less		Total	Liabilities			F323,372		8230,720
Capital
Unrestricted	Funds			1.7717		256,966		123,663
Restricted	Funds			1.7/17		66,406		107,057
						F323,372		6230,720

		Notes	Total Funds	Prior Year
			2021	2020
Net Cash used in operating activities		18	127,364	121,075
Cash Flow from lnvesVng actlvlVes:
Interest and dividends			1,137	1,080
Purchase of furniture and equipment			(4,030)	(2,940)
Proceeds from sale of investments			0	0
Net cash provided by investing activities			(2,893)	(1,860)
Cash Flow from financing activities:
Repayment of borrowing
Receipt of expendable endowment
Net cash provided by financing activities
Change in cash and cash equivalents	in the year		124,471	119,215
Cash and cash equivalent brought forward			139,508	20,293
Cash and cash equivalent carried forward			6263,979	6139,508

	Income Generation					Unrestricted	Restricted		2021			2020
	Professional 6 Circomedia		Pertormances			4,362			4,362			35,046
	Community Outreach					6,995			6,995			24,654
	Facilities Hire					2,804			2,804			9,756
	Professional Memberships					0			0			3,871
	Fundraising Income					15,709			15,709			4,922
	Merchandise Sales					9,162			9,162			5,441
						639032		60	639032		683 690
3	Investment Income
	Ail of the charities investment			income	of	8L137 (2020 81L080) arises		from	money held	in interest	bearing	current
	and deposit accounts.
4	Income from Charitable		Activities
						Unrestricted	Restricted		2021			2020
4.1	Grants and Contracts
	Arts Council					109,659		0	109,659			107,367
	Arts Council - Emergency		Grant			0	170,859		170,859			76,730
	BCC - Openness Funding					23,800		0	23,800			27,846
	BCC - Covid Support	Grant				17,431		0	17,431			10,000
	BCC —Holiday Activity	Grant				10,860			10,860			0
	Leverhulme Trust					8,395			8,395			0
	Garrick Charitable Trust					0			0			5,000
	Furlough Grant HMRC					113,129			113,129			104,042
						6283 274	F170859		6454 133		8330 985
4.2	Education end Course Fees					Unrestricted	Restricted		2021			2020
	Course Fees					707,528		0	707,528		677,240
	Evening Classes					107,942		0	107,942			139,471
	Other Income					5,160		0	5,160			19,014
						6820 630	FO		6820 630		8835725
	Total					61 103904	6170,859		61,274,763		81,166,710

																		Ct		Cl	Ct
																		Pl
			D Cl 0	uops)oe&deIj														Ca		4l	Ut 4&
				pung
				foue6&e(03 30'																4I
				()ue(ue686ue)		CD														Ot
				Sdo(IS&OI)I(		'cl
				Pus t()(unto(000		ca
																					CO
				LID&nL(0 BIBBd)$																	Clt (tl
						Ut														(t!
			Cl0 'C	(uopse&Der) Isuopsonp3		CO (D Ct Ct														CO (O (O
																				4&
			C
				(Isuuod)																lo Ct	lo
				IBUDPBDOP3																ca lo
																				4&
	(0 0			8&00	(D (tl	CD I	Ot	(D O	(tl CO	O	Gt Ut CD	D (tl O (D	to Gt (D	O ca O Gl	U Gl	Ct co Ut	Gt Ut Ol Ot	(0 co CV (0	(D D (D (0
	0
IY	UJ0				CD (O	(O Ut Ot	(D Ut Gt	U 0 (a	O O	Cl	Ut O Ut	Gt (tl C	(D Gt	O OI O	C Gl	Ct (O Ut	Gt Ut (tl	(0 Cll Ul	(D O (O	Ct CO
Z	ILI (C				co	(D O	I	Uc	ca		Gt	(0 (O	(0	Gt			Gt	co Ua	to	OI (tl	ICt
																				4I	4I
O
X OR	0 (0I- 'Z			) us Louo I)&od d V )0 Sleep	0 Ct 0	0 P O	0 tlt O	0 Ql CI	0 0 0 Cl Cl Cl OO0			0 0 8 Cl 0 0 OLD		0 tll 0 'C	0 8 O	0 (D CI	0 Cl O	O	0 O
O O	0 OO	'08'0						ta08 E ta
0o.X 0 O (C0	CI CI 0 GJ 0 O IUX 0	C8 CD t( IU m Cl0 0 (D0 IL' 9			Qt 100 Qt 0 D E 5	Qt D C IJJ ~ '-	Ul tl C C 0 ta C 'c E0. E '0 E 0 0 LU O— al '0 0 m 0 Gl .0 C (D			N Ul0 Ql Ul 0 N C C 0 m CL (a l&l (U —'0 E ta		0 0 0	Ul0 al 0 Ut (U al 0 0	t(( al m (0 m 0 5	tD0 m t/I Ul (0 Ul D C ttlC OEm al lD ta 9 aa 5			0 a! 'L( Ql al O	m t/l'0 m 0 3 2	O al 0	0 O al 0
O	(0 IU
O	0

Net Incoming Resources for the year	Net Incoming Resources for the year		2021	2020
This is stated after charging:
Depreciation of owned fixed assets			38,495	38,911
Rentals paid under operating leases			106,904	105,522
Audit Fee (including VAT)			4,800	3,480
Staff Costs and Numbers			2021	2020
Gross Wages			775,073	745,428
Pension Contributions			12,434	11,536
Social Security Costs			46,166	46,114
			f833673	F803078
No employee received emoluments	of more than f60,000.
The average number ofemployees	during the year was as	follows:
Chief Executive			1	1
Artistic and Educational Director			1	1
Technical, Front of House and Teaching Staff			57	61
Administration			6 ~65	7 ~70
Trustee Remuneration and Related Party Transactions Directors Remuneration The aggregate amount ofexpenses paid to Board members		was	2021 ~65 ~66	2020 fg ~65

Tangible fixed assets	Tangible fixed assets	Tangible fixed assets	Leasehold	Plant, Fixtures
Group			Property	Machinery
			Improvements	and Vehicle	Total
Cost
As at	1 September	2020	554,556	224,365	788,921
Additions			0	4,030	4,030
As at	31August	2021	F564 556	8228 395	8792 951
Depreciation
As at	1 September	2020	464,940	207,266	672,205
Charge for Period			33,210	5,285	38,495
As at	31August	2021	8498 150	6212 551	8710701
Net Book Value
As at	31August	2020	699,616	617,099	8116,715
As at	31August	2021	666,406	f15,844	682,250

Stocks		Group		Company
		2021	2020	2021	2020
Merchandise	and Bar Stock	52,379	84,379	62,379	E1,894
Cash at bank	and in hand	Group		Company
		2021	2020	2021	2020
Cash and Bank Balances		6263,979	6139,508	8260,949	8122,054
Debtors		Group		Company
		2021	2020	2021	2020
Trade Debtors		5,400	17,483	5,400	13,092
Donation Receivable		0	0	4,711	27,808
Income Receivable		55,740	47,879	55,740	47,879
Other Debtors	and Prepayments	11,090	16,818	11,090	16,618
		F72 230	F81 980	F76 941	5105395

14	CREDITORS: amounts	CREDITORS: amounts		falling	falling	due withir	due withir	due withir	Group	Group	Company	Company
	one year								2021	2020	2021	2020
	Trade Creditors								22,761	29,483	22,443	29,271
	Other Taxes and Social			Security		Costs			29,643	11,406	29,643	11,406
	Inter Company Account								0	0	1,999	3,689
	Accrued Expenses								14,639	15,361	14,639	15,361
	Deferred Income								17,133	53,320	17,133	53,320
	Other Creditors								13,290	2,292	13,290	2,292
									697,466	F111,862	699,147	6115,339
15	Operating Leases	- Land and				Buildings
	Company only									2021		2020
	At the year end the	company			had annual			commitments
	under non-cancellable		operating			leases	as		set out
	below:
	Within one year									57,960		106,900
	Within one and 5 years									51,750		109,697
	Over 5years									0		0
										6109,710		6216,597
16	Analysis of Group	Net		Assets		Between		Funds
										Unrestricted	Restricted	Total
	Tangible Fixed Assets									15,844	66,406	82,250
	Current Assets									338,588	0	338,588
	Current Liabilities									(97,466)	0	(97,466)
										6256 966	F66406	f323 372
17	Movement in Funds
	Group									Incoming	Outgoing
					01.09.20				Transfers	Resources	Resources	31.08.21
	Restricted Funds
	—Leasehold Property					99,616					(33,210)	66,406
	— Emergency Response
	Fund (ACE)					7,441			6,690	0	(14,131)
	— Recoveiy Grant	(ACE)					0		(170,859)	170,859	0
	Total Restricted Funds					107,057			(164,169)	170,859	(47,341)	66,406
	Unrestricted Funds
	General Funds					123,663			164,169	1,144,073	(1,174,939)	256,966
	Total Unrestricted	Funds				123,663			164,169	1,144,073	(1,174,939)	256,966
	Total Funds					F230,720			60	F1,314,932	61,222,280	6323,372

from Operating Activi	ties
			2021	2020
Net Movement in funds			92,652	84,066
Add back depreciation	charge		38,495	38,911
Deduct interest income			(1,137)	(1,080)
Decrease (increase) in	stock		2,000	(124)
Decrease (increase) in	debtors		9,750	(26,330)
Increase (decrease) in	creditors		(14,396)	25,632
Net cash used In operating		activities	8127,364	8121,075

Income and Expenditure	Income and Expenditure	Income and Expenditure				2021	2020
Income						13,462	24,654
Expenditure						(8,679)	(12,769)
Net Income						84,783	911,885
Retained Earnings	at	beginning	of reporting		period
Net Income for the	year					4,783	11,885
Distribution to parent		charity				(4,783)	(11,885)
Retained Earnings	at	end of reporbng		period