COMPANY REGISTRATION NUMBER: 2928738
CHARITY REGISTRATION NUMBER: 1056852
Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Financial Statements
31 August 2024
*AE343LOR*
2210512025
COMPANIES HOUSE
A24
CHARLTON BAKER
BRISTOL
LTD
Chartered accountants & statutory auditor
61 Macrae Road, Ham Green, Bristol
BS20 ODD

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee '
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 August 2024
The trustees. who are also the directors for the purposes of company law. present their report and the
financial statements of the charity for the year ended 31 August 2024.
Reference and adminlstratlve detalls
Registered charity name
Academy for Contemporary Circus and Physical Theatre
Charity reglstration number
1056852
Company reglstratlon number 2928738
Princlpal offlce and régistèred St Paul's Church
offlce
Portland Square
Bristol
BS2 8SJ
The trustees
AHay
C Williams
L Tanner
M Booth
M Jones
N Stephenson
P Brown
A Dalton-Hardy
M N Panay
S Wilson-Evans
(Resigned 19 December 2024)
(Resigned 1 March 2025)
(Appointed 19 December 2024)
(Resigned 19 December 2023)
(Resigned 28 Seplember 2023)
(Appointed 30 January 2025)
(Resigned 29 March 2025)
Audltor
Charlton Baker (Bristol) Ltd
Chartered accountants & statutory audltor
61 Macrae Road. Ham Green. Bristol
8S20 ODD
8ankors
Unity Trust Bank
4 Brindley Place
Birmingham
B12JB

Academy for Contemporary Circus and Physical Theatre
Company Llmited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2024
Objedlves and actlvlti•s
The Trustees are pleased to present their annual directorfs report and the audited consolidated
financial statements for the year ended 31 August 2024 which are also prepared to meet the
requirements for a directors, report and accounts for Companies Act purposes.
The fin8ncial statements comply with thè Charities Act 2011, the Companles Act 2006, the
Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Stsndard applicable in the UK and Republic of Ireland effective from 1 January
2019.
How our actlvltles dellver publlc beneflt
The Trustees have had regard to the.9uidance on publlc beneflt,
How our aclivities deliver public benefit. Our Charitable Objects are:
(a) the promotion of vocatlonal training in clrcus skills and physicAI theatre
(b) the promotion of education and training in the creative and artistic application of circus skills and
physical Iheatre in artistic performance
(c) the advancement of the arts through production and performance. with a particular focus on
conternporary circus and physical theatre
Strateglc report
The following sections for achievements. performance and financial review form the strateglc report of
the charity.

Academy for Contemporary Circus and Physical Theatre
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2024
Achievements and performance
Academy
Following the post pandemic drop in student numbers, there were signs of an upturn again in
September 2023. 45 students graduated in summer 2024 and a further 19 stayed on into the second
year of the Foundation Degree. We have continued to support the only remalning BTEC for Circus
within the UK but paused the MA this year for review. We took new approaches to student recruitment
including creating a new prospectus. having paid social media adverts and doing more on email
marketing. We embarked on new roadshows and sent representatives to the British Juggling
Convention which resulted in new stud8nts for September 2024. Students were approached by
employers such as Green Man festival and Cirque Bijou for summer holiday performances at
Glastonbury. Green Man and Camp Bestival.
Alumnl
The theme of our 30th anniversary was to celebrate all of the incredible talent that had been nurtured
at Circomedia. Our performance programme throughout 2024 focused on celebrating work created
and performed by Clrcomedia alumni from 1989 to 2023. The work on show ranged from children's
theatre to cabaret, from themes of identity to narrative tales and from comedy to tragedy. We raised
funds to enable us to do our first children's show commission and through an open selection process
with local refugee communities through the charity Borderlands. Acrobatic Adventures were selected
and created a new show 'Mother Dee¢ with the expert guidance of Nikl Mccretton of Sluff &
Nonsense. another Circomedia alumni. There were 6 full shows and the company are now tsking the
show forward for national touring.
Pèrformane•8
Our Portland Square venue was used by many vislting companies, student and alumnl shoKE as well
as our local community. There were 40 ticketed shows through our box office which reached an
audience of 4000. 500 more attended the separately ticketed Circus City festival shows. There were
free community events such as three Open Doors free community taster days for children featuring
circus, African drumming workshops and Caribbean food which reached 900 people or a St Paul's
Carnival Human Library storytelling event which reached 100 people. In total there were over 45000
visitors to the church during this year. We brought back full print season brochures of 16 or 20 pages
to showcase the wide variety of work taking place across Circomedia. This Is in comparison to the
leaflet designs used from before I started. Brochures were also distributed locally by a professional
distribution ￿ntre.
Youth Clrcus and Communlty
"The bursary has been brilliant as a single parent as l o)uldn't have afforded it and he was devastated
at the idea of needing to leave. He loves coming. Thank you for giving him confidence physically
because his whole life he's never had that due to additional needs."
Bursary recipient 23124
"She is absolutely thrilled that she can perform a cartwheel now and we've all seen Her video of flying
trapeze (which she's quietly proud ofj. Her confidence lo try new Ihings has increased greatly. To start
the summer holidays in such a positive way has had posilive impact throughout her whole family.
AMAZING THERAPY FOR A TEEN STRUGGLING WITH HER MENTAL HEALTH. Thank you!.
Our Youth Circus sessions remain incredibly popular and oversubscribed. We fundraise for bursary
places so children from families who can't afford to pay can also enjoy what we have to offer. Youth

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (continu
Year ended 31 August 2024
circus and classes attendance reached 21,500 (up from 21,093 in 22123). The Annual Youth Circus
Showcase was the biggest ever done - 550 students performed over 12 perfomances. Their themes
were celebration of Bristol as home and telling the tale of a travelling circus family.
Partnership work In¢￿ased through the year. We partnered with Community of Purpose to deliver
multiple workshops through August to 60 young people. These students are recipients of Free School
Meals and do not have regular access to clubs and activities due to financial hardship and living in
areas of deprivation. We developed new partnerships with organisations such as the Princes Trust.
and Culture Weston for 'Whlrligig' delivering workshops. We partnered with Bristol Musical Comedy
Club to teach their cast circus skills for their production of 'Pippin' which involved collaborating with
their dance and staging director and working out group ensemble performances as well as teaching
actors with no circus skills how to perform circus on stage. And we partnered with Shakespeare
Birthplace Trust to deliver clrcus theatre workshops across 6 schools, Years 3*, to multiple classes in
Bristol combining circus with Shakespeare's 'The Tempest, and culminating in a performance on the
SS Great Britain by by Ho￿e[[S Primary School. We ran 9 free farnily circus workshops for the
omrnunity of Knowle West reaching over 100 participants. This increased activity was the result of
increasing the capacity in the team with the Manager becoming full-time and with the creation of a
Senior Team of 3 teachers, the Co-ordinator and an Administrator. It is our intention to grow the
capacity in the team becaus8 of the gr0￿h potential of this programme strand.
Events and Corporate Hlres
During the year we had around 4800 guests at our commerclal events and hires. These included 4
weddings and 6 Christmas parties. We developed our offer by introducing drinks packages and
developing stronger relationships with suppliers. There was new training for the Front of House team.
Communlcatlon8
A new marketlng and communlcations strategy was implemented. A brand refresh was achleved wlth
The Graphic Design House, aligning our visual image with our mission, vision and values. Google
Analytics 4 and Meta Pixels were set up to enable data capture of our online user journeys and inform
marketing decisions and future plans. A partnership was developed with Digital Culture Network to
analyse and take advice on improving our website structure and SEO to improve user journeys and
encourage increased online engagement. 2 Marketing Assistants were trained on Dotdigital use for
email marketing. proof reading and copy writing practices, Canva for design and content crealion,
baslcs of SEO for Wordpress. There was one paid Intemship from a student from Brlstol University.
Our social media followers increased by 2050/9 on Facebook page (15,437 visits) and 1500/0 on
Instsgram (14,973 visits). We came off X as it doesn't align with our values.
We raised awareness of our charitable status through the Gala and wider comms. We began
conversations with Spektrix on how to improve online donation journey and automate processes and
launched 301h Anniversary with a new logo, press releases, season brochures. 30th anniversary video
and regular social media content. We increased awareness of Circomedia in general through press
and PR resulling in the Spring 2024 documentary from ITVX and an increase in local radio interviews
with the likes of BCFM, BBC radio Bristol, and BBC nev￿ (community workshop coverage).

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) {¢ontlnuedJ
Year ended 31 August 2024
Achlevements and performance (¢ontlnu•d)
Fundraising
We were very grateful to our funders for their support through the year . Arts Council England, Bristol
City Council, Garfield Weston Foundation, Garrick Charltable Trust, Foyle Foundation, Leche Trust,
Nisbet Trust. Triodos.
We ran a glamorous cabaret fundraiser called the Spring Gala which will now be run every other year.
Thanks to Auctioneum who expertly led an auclion for us at the Gala and to the people who donated
the amazing experience-based auciion items;
Afidance
Aardman
Bristol 2417
Dan Broadbent
Derren Brown
Sasha Frost
Andy Hay
Catherine Johnson
Rod Laver
Paul McGann
John O'Hara
Jonathan Priest
Emma Rice
Joe Slms
Tony Robinson
And to Ruby Turner, Bristol Television and Film Services. Bristol Beer Factory, Six O Clock Gin for
supporting the event.

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continu•dJ
Year ended 31 August 2024
Flnanclal rev5ew
Through strict financial management and focusing on increasing fundraising. we significantly'irnproved
the yearfs outtum compared to the previous year however it wasn't enough to pull back on our deficit
position and the lack of reserves to draw on led to a negative liability position. The continuèd deficit
was due to continued high people, rent and energy costs.
Circomedia's resenie policy aims to hold adequate reserves as follows:
flow to fund activities
To ensure continuity of activities during periods of change
- To enable investment in gr0￿h and development
To enable Circomedia to fulfil legal obligations should it cease to operate
To provide adequate cash
The Trustees consider a target to maintain reseNes representing 2-3 months of. ttire activity
(excluding grant funded project activity). Our unrestricted resetves as at 31 August 2024 stood at
deficit of £90,169
The Board have worked tirelessly, meeting Monthly to consider and interrogate the compan￿$ position
and put in place the funds necessary to stabilise the organisation and grow forwards. They hav8 taken
advice from experts about processes to follow and lo ensure that they are acting responsibly.
We believe that we have the plans in place needed to work through this with a clear direction of travel.
We were supported by the Reach Fund to work with 3 external experts: Dr Roz Stewart-Hall on social
impact, Suzie Campbell on financial planning and Sarah Smilh on business planning. These experts
collaborated to wrlte a detailed business plan around social impact and growth. The growth is being
driven by rises in fees and volume of delivery, by reviewing how we deliver our teaching programmes
and rebuilding capacity in the areas needed to drive gr0￿h ie youth circus, marketing, finance and
fundraising. The social impact work is focusing on building local relationships and recognising the
positive impact our work has in terrns of .. Increasing confidence and wellbeing, reducing anxiety and
strengthening soclal cohesion.
The financial statements have been prepared on a going concem basis. In making this assessment
Trustees have considered our current forecast expectations over the next 12 months, alongside our
ongoing contractual arrangements wilh our education providers - Bath Spa University and City of
Bristol College - as well as our continued support from the Arts Council, Bristol City Council. Creative
Youth Network (as landlords) and other stakeholders.

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2024
Plans for future periods
We shall overcome the immediate cashflow crisis by securlng Investment into strengthening our
capacity to drive growth and increasing income across the organisation, particularly focusing on the
programmes delivered to children and young people. We have the offer of a social impact loan to
enable us to meet this challenge. Our dats shows that there is the potential to earn more income from
these strands. There will be increases in prices and in volume to achieve this, as well as a continued
focus on building fundraising and commercial activities.
Relationship-building will be an importanl characteristic of the 202516 year and will include-developing
a new partnership with a successful commercial circus company, Anystage, to tske on new spaces
and develop training into employment routes in circus and the creative industries for our students and
practrtioners alongside joint performance opportunities to boost income.
Our fundraising viill be built around deliverlng our new Social Impact Plan. The Plan demonstrates the
added value to the circus experience which includes InC￿aSed confidence and wellbeing. reduced
anxiety and increased social cohesion. We shall particularly b8 looking to strengthen our development
work to nurture participants and students from the Global Majority as well as celebrating the existing
diversity amongst students and staff.

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnued)
Year ended 31 August 2024
Structure. governance and managomont
Appolntmènt of Trust•os.
Trustees are appointed by the current board. following open recruitment calls. and inviting applicants
to respond to the Board recruitment pack O'ob description and person specification) that Is publlshed
on the website and through social media. Following receipt of applications. existing trustees meet and
interview prospective members and if in agreement approve appointments at the next board meeting.
In addition to their statutory dutles, each trustee brings specific skills, knowledge or experlence to help
the board of trustees reach sound decisions. The artides of association specify a minimum of three
trusteesldirectors and no maximum. There are six trustees cU￿ently, wilh further recruitment planned
for Summer 2025. including youth representation.
The staffing structure will be reviewed again in early summer 2025 with a view to ensuring that we are
achieving best value and improve financial viability. This review will be led by the Board and the
Senior Management Team with expert advlce taken where appropriate.
Governlng document
The organisation is a charitable company limited by guarantee incorporated on 13 May 1994 and
reglstered as a charity on 16 Jul 1996. The company was established under a Memorandum of
Association which established the objects and powers of the charitable company and is governed
under it's Articles of Association. These were updated and adopted by special resolution passed on 8
September 2014, including the name Academy for Contemporary Circus and Physical Theatre. In the
event of the company being wound up members are required to contribute an amount not exceeding
£1.
Organlsatlonal Structur•
The Academy for Contemporary Circus and Physical Theatre (trading as Circomedia) Is constituted as
a non-profit making Limtted Company. It has operated as a company limited by guarantee since May
1994 and became an educational charity in 1986. A trading subsidiary, Circomedia Enterprises, was
set up in 2008 and Its contribution to the charity's funds is important.
The Company's overall strategy is supervised by its Board of Trustees. The management team (key
management personnel) of three is responsible for the day to day managemenl of the Charity.
Trustees. responslbllltles statement
The trustees. who are also dlrectors for the purposes of company law. are responsible for preparing
the trustees, report and the financial statements in accordan￿ with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give
true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure. for that period.

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) f¢ontinued)
Year ended 31 August 2024
In preparing these financial statements. the trustees are required to:
select suitable accounting pollcles and then apply them conslstently,,
observe the methods and principles in the applicable Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Stsndards have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basls unless it Is Inappropriate to presume
that the charity will continue in business,
The trustees are responslble for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible lor safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Audllor
EaGh of the persons who is a trustee at the date ol approval of this report confirms that..
so far as they are aware, there is no relevant audit information of which the charity's auditor is
unaware; and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of
any relevant audit infomation and to establish that the charity's auditor is aware of that
Information.
The trustees, annual report and the strategic report were approved on 24 April 2025 and signed on
behalf of the board of trustees by:
AHay
Trustee

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Independent Auditor's Reportto the Members of Academy for Contemporary
Circus and Physical Theatre
Year ended 31 August 2024
Oplnlon
We have audited the financial statements of Academy for Contemporary Circus and Physical Theatre
(the 'charity') for the year erlded 31 August 2024 which comprise the statement of financial activities
(including income and expenditure account), statement of financial position. statement of cash flows
and the related notes. including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial ststements..
give a true and fair view of the state of the charitys affairs as at 31 August 2024 and of its
incoming resources and application of resources. including its income and expenditure, for the
year then ended;
have been properly prepared in accordance with United Kingdom Generally A'ccepted
Accounting Practice.
have been prepared in accordance with the requirements of the Companies Acl 2006.
Bas15 for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilitles for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant lo our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concèrn
In auditing the financial ststements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financlal statements is appropriate.
Based on the work we have performed, we have noi identified any material uncertainties relating to
events or condrtions that. individually or collectively, may casl significant doubt on the charity's ability
to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.
Emphasis of matter
The charity has made disck)sures in the noles to these financial statements concerning the difficulties
experienced in order to continue as a going concern. The trustees have reviewed these disclosures
and consider that it is appropriate for the charity to prepare the financial statements on a going
concern principle. Your attention is drawn to these disclosures as they present an uncertainty in the
presentation of Ihese financial statements however our opinion is not modified in this regard.
10

Academy for Contemporary Clrcus and Physical Theatre
Company Limited by Guarantee
Independent Auditor's Report to the Members of Academy for Contemporary
Circus and Physical Theatre (¢onllnued)
Year ended 31 August 2024
Other Inforniation
The other information comprises the information included in the annual report. other than the financial
ststements and our. auditor's report thereon. The trustees are responsible for the other infomiation.
Our opinion on the financial statements does not cover the other information and. except to the extent
otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsiblllty is to read the other
information and. in doing so, consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements. we are
required to determine whether there is a material misststement in the financial statements or a
material misstatement of the other information. If, based on the work we have performed, we conclude
that Ihere is a material misststement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Oplnlons on othor matters prescrlbed by the Companlos Act 2006
In our opinion. based on the work undertaken in the course of the audit:
the information given in the trustees. report for the financial year for which the financial
statements are prepa￿￿ is consistent with the financial statements., and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of the knowledge and understanding of Ihe charity and its environment obtained in the
course of the audit, we have not Identlfied material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion,.
adequate accounting records have not been kept, or returns adequate for our audit have not
been received from branches not visited by us. or
the financial statements are not In agreement with the accounting records and returns; or
certain disclosures of trustees, remuneration specrfied by law are not made. or
we have not received all the information and explanations we require for our audit.
11

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Independent Auditor's Report to the Members of Academy for Contemporary
Circus and Physical Theatre (continued)
Year ended 31 August 2024
Responslbllltles of trustees
As explained more fully in the trustees. responsibilities statement. the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees determine..is.'necessary to enable the preparation of financial ststements that are free
from material misstaternent, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
contlnue as a going COn￿rn, disclosing. as applicable, matters related to going concern and using the.
going con￿rn basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations. or have no realistic altemative but to do so.
12

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Independent Auditor's Report to the Members of Academy for Contemporary
Circus and Physical Theatre (¢ontlnued)
Year ended 31 August 2024
Audltor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misslatement, whether due to fraud or error. and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that
an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if. individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are insL3nces of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, lo detect material misstatements in respect
of irregularities, including fraud. The extent to whlch our procedures are capable of detecting
irregularities. including fraud is detailed below:
Key audlt matters.our assessment of rlsks of material misstat•ment
Key audlt matters are those matters that In our professlon81 judgem8nt were of most significance in
the audit of the financial statements and include the most significant assessed risks of material
misstatement (whether or not due to fraud) identified by us. including those which had the greatest
effect on Ihe allocation ol resources in the audit. and directing the efforts of the engagement team.
There are no key areas identified as the audit is low risk with normal audii procedures adequate in all
audit areas. We agreed to report to the board of trustees any corrected or uncorrected identified
misstatements.
To identify risks of material misstatement due to fraud we assessed events or conditions that could
indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud. Our risk
assessment procedures included,.
Y Enquiring of the Chief Executive and the Trustees and inspection of key papers provided to those
charged wilh governance as to hlgh level policies and procedures to prevent and detect fraud.
Reviewing the minutes of Trustees. meetings.
We communicated idenlified fraud risks throughout the audit team and remained alert to any
indications of fraud throughout the audit.
As required by auditing standards, and taking into account possible pressures to meet targets and our
overall knowledge of the control environment, we performed procedures to assess the risks of
management override of controls. To address the pervasive risk as it related to management override
of controls, we reviewed material journal entries and agreed these to supporting documentstion where
appropriate.
Identifying and responding to risks of material misstatement due to non•compllance wlth laws
and rogulatlons
We identified areas of laws and regulations that could reasonably be expected to have a material
effect on the financial ststements from our general commercial and sector experience and through
discussion with the Chief Executive and Trustees. Our assessment of risks involved gaining an
understanding of the control environment including the entity's procedures for complying with
regulatory requirements.
13

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Independent Auditor's Report to the Members of Academy for Contemporary
Circus and Physical Theatre (¢ontlnued)
Year ended 31 August 2024
We communicated identified laws and regulations throughout our team and remained alert to any
indications of non-compliance throughout the audit. The potential effect of these laws and regulations
on the financial statements varies considerably:
Firstly,the charity is subject to. laws and regulatior)s that directly affect the financial statements
including financial reporting regulation (including related companies regulation), taxation legislation
(payroll taxes) and. pension legislation and we assessed the extent of compliance with these laws and
regulations as part of our procedures in the audit areas relevant to these items.
* Secondly,the charlty is subject to many other laws and regulations where the consequence of
non-compliance could have a material effect on amounts or disclosures in the financial statements, for
instance through the imposition of fines or litigation. We identified the following areas as those most
likely to have such as effect,,
Health and safety laws.
Laws relating to working with, and the safeguarding of. young people and vulnerable adutts.
Auditing standards limit the required audit procedures to identify non-compliance with these laws and
regulations to enquiry of management and trustees and inspection of regulatory and legal
correspondence, if any. Therefore, if any breach ol operational regulations Is not disclosed to us or
evident from relevant correspondence, an audit will not detect that breach.
Limitations to th• ability of the audlt to detect fraud or breaches of laws and regulatlon
Owlng to the inherent Ilmltation of an audit, there is an unavoidable rlsk Ihat we may not have detected
some material misstatements in the financial statements, even though we have properly planned and
perforrned our audit in accordance with auditing standards. For example, the further removed non-
compliance with laws and regulations is from the events and transactions reflected in the financial
statements, the less likely the inherently limited procedures required by auditing standards would
identify it.
In addition. as with any audit, there remained a higher risk of non-detection of fraud. as this may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal
controls. Our audit prO￿dureS are designed to detect material misstatement, and therefore we are not
responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance
with all laws and regulations. A further description of our responsibilities for the audit of the financial
statements is located on the FRC'S website at www.frc.org.uklauditorsresponsibilities, This description
forms part of our auditorfs report.
As part of an audit in accordan￿ with ISAS (UK), we exercise professional judgment and maintsin
professional scepticism throughout the audit. We also..
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material rnisstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresenlations, or the override
of internal control.
14

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Independent Auditor's Report to the Members of Academy for Contemporary
Circus and Physical Theatre (conflnued)
Year ended 31 August 2024
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but rK)t for the purpose of expressing an
opinion on the effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on. the appropriateness of the trustees, use of Ihe going concern basis of accounting
and. based.on the audit evidence obtained. whether 8 malerial uncertainty exists related to
events or conditions that may cast significant doubt on the charity's ability to continue as a going
concern. If we conclude that a material uncertainty exists, we are required to draw attention in
our auditor's report to the related disclosures in the financial statements or, if such disclosures
are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditor's report. However, future events or conditions May cause the charity
to cease to continue as a going concem.
Evaluate the overall presentation, structure and content of the financlal statements, Including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.
.We communicate with those charged with governance regarding. among other matters. the planned
scope and liming of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Us• of our report
This report is rnade solely to the charity's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charity's members those matters we are required to state to them in an auditorfs report and for no
other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to
anyone other than the charity and the charity's members as a body. for our audit work. for this report.
or for the opinions we have formed.
Nicolas Michael FCA (Senior Statutory Auditor)
For and on behalf of
Charlton Baker (Bristol) Ltd
Chartered accountants & statutory auditor
61 Macrae Road, Ham Green, Bristol
BS20 ODD
24 April 2025
15

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 August 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Note
In¢omè and èndowm•nts
Donations and legacies
Charitable activities
Other trading activities
Investment income
188,247
886,673
138,158
44,769
1,257,847
4.882
193,129
886,673
138,158
44,769
1.262,729
151.733
882.251
133.865
44,491
Total Income
4,882
1,217,340
Expendlture
Expenditure on charitable activities
Total expendlture
9,10 1,362.430
1,362.430
3,583
1.366,013
1,447,743
1,447,743
3,583
1.366.013
Net expendlture and net movement In
funds
(104,583)
1,299
<103,284) {235,403)
Reconciliation of funds
Total funds brought forward
Total funds carrled forward
14,414
14.414
249,817
(90,169)
1,299
(88,870)
14.414
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 19 to 32 form part of these financial statements.
16

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Statement of Financial Position
31 August 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
16
13,398
13,148
Current assets
Stocks
Debtors
Cash at bank and in hand
18
19
2.587
40.104
66,580
109.271
4.184
. 87.341
99.411
190,936
Credltors: amounts falllng du6 wlthln one year
Net current Ilabllltles
20
211,539
189,670
(102.268)
(88,870)
(88,870>
1,266
Total assets less current Ilabllltles
14,414
14,414
Net Ilabllltles
Funds of the charity
Restricted funds
Unrestricted funds
1,299
(90.169)
{88.870)
14.414
Total charlty funds
22
14,414
These financlal statements have been prepared In accordance wlth the provlsions 8ppllcable to
companies subject to the small companies, regime.
These financial stalements were approved by the board of trustees and authorised for issue on 24
April 2025, and are signed on behalf of the board by..
AHay
Trustee
The notes on pages 19 to 32 form part of these financial ststements.
17

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 August 2024
2024
2023
Cash flows from oparatlng activities
Net expenditure
(103.284) .:(235,403)
Adjustments lor..
Depreciation of tangible fixed assets
Dividends. interest and rents from investments
Other interest receivable and similar income
Accrued expensesl(Income)
3.743
(42,541)
(2,228)
3,900
36.429
(41.361)
(3.130)
(1.208)
Changes in..
'. Stocks
Trade and other debtors
'Trade and other creditors
1,597
83
19,273
6,858,
30,739
47,560
(88.801) (190,172)
Cash generated from operations
Interest received
2,228
(86.573) (187,042)
3,130
.Net cash used in operating activitles
Cash flows from investing actlvltles
Dividends. interest and rents from investments
Purchase of tangible assets
Net cash from investing activitles
42.541
(3,993)
38,548
41.361
(5.552)
35,809
Cash flows from financing activilles
Proceeds from loans from group undertakings
Net cash from finanGlng activitles
15,194
15.194
N•t dacr•as• In cash and cash equlvalents
Cash and cash equivalents at beglnnlng of year
Cash and cash equlvalents at end of year
(32,831) {151.233)
99.411
250,644
66,580
99.411
The notes on pages 19 to 32 fomi part of the$¢ financial stalements.
18

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2024
General Informatlon
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the
registered office is St Paul's Church, Portland Square, Bristol, BS2 8SJ.
ststernent of compllance
These financial statemenls have been prepared in compliance with FRS 102. 'The Financial
Reporting Slandard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Praclice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP {FRS 102)) and the Cornpanies Act 2006.
Accountlng pollcl•s
8asl8 of preparatlon
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Golng concer
The charity relies for the large part upon student numbers and funding attached thereto which
are not always reliable or guaranteed. The charity actively pursues such funding and uses staff to
assist in attracting such funds. The charity has made projections of expected funds likely to be
received within twelve months of the signing date of these accounts but at this time cannot
predict that sufficient income will be available. In the short term, the charity has secured a four
year community investment loan and the trustees are Satisfied that all necessary actions are
being taken and that sufficient funds will become available. Therefore these financial statements
have been produced on the going concern principle.
Judgements and key sources of estlmatlon uncertalnty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and a￿ based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances. In the process of
preparing these financial statements management has not been required to make significant
judgements in relation to the accounting policies.
Fund accountlng
Unreslricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds eamiarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal. and fall into one of two sub-classes: restricted income funds or
endowment funds.
19

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 August 2024
Accountlng pollcles {contlnu•d)
Income
All income is included in the statement of financial activities when entitlement has passed to the
charily, it is probable that the economic benefits associated with the transaction will flow to the
charity and the amount can be reliably measured. The following specific policies are applied to
particular categories of income:
Income from donations or grants Is recognised when there is evidence of entitlement to the gift,
receipt is probable and its amount can be measured reliably.
income from contracts for the supply of ServI￿S is recognised with the delivery of the
contracted serrfice. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and retumed if unspent, in which case it
may be regarded as restricted.
Expendlture
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the statement ol
financial activities to which it relates..
expenditure on fundraising includes the costs of all fundraising activities, events. non-charitable
trading aGtivities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those support
costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to fundraising for the charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
betr￿een the activities they conlribute to on a reasonable, justifiable and consistent basis.
Operatlng leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The
aggregate benefit of lease incentives is recognised as a reduction to expense over the lease
term, on a slraight-line basis.
Tangible assets
Tangible assets are Inltially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impaimient losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
20

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Notes to the Financial Statements (￿ntInU•d?
Year ended 31 August 2024
Accounting pollcles Icontinued)
Dèpreclatlon
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic lrfe of that asset as follows:
Long leasehold property
Plant and machinery
Over the term of the lease
250/0 reducing balance
Investments
Unlisted equity investments. are initially recorded at cost, and subsequently measured at fair
value. If fair value cannot be reliably measured, assets are measured at cost less impairment,
Listed investments are measured at falr value with changes in fair value being recognised in
income or expenditure.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly
attributable expenditure.
Investment propety is revalued to its fair value at each reporting date and any changes in fair
value ar8 recognised in income or expenditure.
If a reliable measure of fair value is no longer available for an item of investment propety, It shall
be transferred to tangible assets and treated as such until it is expected that fair value will be
reliably measurable on an on-going basis.
Impalrm•nt of flxed assets
A review for indicators of impairment is carried out at each reporting dale, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when It Is not posslble to estimate the recoverab18
amount of an individual asset. an estimate is made of the recoverable amount of the cash-
generating unit to which the asset belongs. The cash-generaling unit is the smallest identifiable
group of assets that includes the asset and generates cash Inflows that largely independent of
the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cosl and,estimated selling price less costs to complete and
sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
the stock to its present location and conditi¢)n.
21

Academy for Contemporary Clrcus and Physical Theatre
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 August 2024
Accountlng pollcles (¢ontlnuod)
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are Initially recognised at the amount receivable or payable including
any related Iransaction costs, unless the arrangement constitutes a financing transaction. where
it is recognised at the present value of the future payrnents discounted at a market rate of
interesl for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash'or. other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Llmlt•d by guarantee
The company is limiled by guarantee, in the event of the company being wound up members are
required to contribute an amount not exceeding £1.
Donatlons and legaclos
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donatlons
Donations
21.334
21,334
Grants
Arts Council - NPO
BCC - Openness Funding
The Nisbet Trust
Leche Trust
Garrick Charitable Trust
Quartet Community Foundation
Triodos Foundation
108.513
38,900
10,000
4,000
4.000
108.513
38,900
10,000
4,000
4.000
4.882
1.500
4.882
1.500
188,247
4.882
193.129
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donatlons
Donations
8,395
8.395
22

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
Donatlons and legacies (Mntlnued)
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Grants
Arts Council - NPO
BCC - Openness Funding
The Nisbet Trust
Leche Trust
Garrick Charltable Trust
Quartet Community Foundation
Triodos Foundation
117.555
25.783
117,555
25,783
151.733
151,733
Charltabl• actlvltles
Unrestricted Total F.unds Unrestricted Tolal Funds .
Funds
2024
Funds
2023
Formal Education
Informal Education
Other Income
573,154
308,717
4,802
573,154
308.717
4,802
593,604
271,854
16.793
593,604
271,854
16,793
886,673
886,673
882,251
882,251
Other trading activltles
Unrestricted Toial Funds Unrestricted Totsi Funds
Funds
2024
Funds
2023
Sponsorships
Fundraising events
Merchandise Sales
Facilities Hire
Professional & Circomedla
Performances
500
14,335
7.245
65,480
500
14,335
7.245
65,480
5.435
89.663
5,435
89,663
50.598
50,598
38,767
38,767
138.158
138,158
133,865
133,865
Investment Income
Unrestricted Total Funds Unrestrided Totsl Funds
Funds
2024
Funds
2023
Income from group undertakings
Bank Interest
42,541
2,228
42.541
2,228
41.361
3.130
44.491
41,361
3,130
44,491
44,769
44,769
23

Academy for Contemporary Circus and Physlcal Theatre
Company Limited by Guarantee
Notes to the Financial Statements (contlnu•dJ
Year ended 31 August 2024
Expondlture on charltable actlvltles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Formal Education
Educational Recreational
St Paul's Church
Community and Workshops (engagement)
Leasehold replacement
Support costs
434.912
212,149
57.335
42.811
3.583
438,495
212,149
57,335
42,811
615.223
615,223
1.362,430
3,583
1,366,013
Unrestricted
Funds
Restrlcted Total Funds
Funds
2023
Formal Education
Educational Recreational
St Paul's Church
Community and Workshops (engagement)
Leasehold replacement
Support C05ts
471,591
198,616
43,233
12,340
471.591
198.616
43.233
12,340
33,196
688,767
33,196
688,767
1,414,547
33,196
1,447,743
10. Expendlture on charltsble actlvltles by actlvlty typ•
Activities
undertaken
directly
Support Total funds
costs
2024
Total fund
2023
Formal Education
Educational Recreational
St Paul's Church
Community and Workshops
(engagement)
Leasehold replacement
Governance costs
438,495
212,149
57,335
351,910
169,885
48.539
790.405
382,034
105.874
914,623
382,644
84,128
42,811
36,408
79,219
25,972
33,196
7,180
8.481
8.481
750,790
615,223
1.366,013
1,447,743

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
11. Analysls of costs
Direct costs for the current year are classffied as follows;
Community
St Pauls
and
Church &
workshops
buildings {engagem't)
Education
Education
(formal) (Informal)
Academy expenditure
Activity expenditure
Office overheads
317,839
212.149
16,915
40,420
42,811
120,656
438.495
212,149
57,335
42,811
Direct costs for the prior year are classified as follows;
Communlty
St Pauls
and
Church &
workshops
buildings {engagem't)
Education
Education
(formal) (Informal)
Academy expenditure
Activity expenditure
Office overheads
Depreciation
343.712
198.616
7.226
36,007
33,196
76,429
12,340
127,879
471,591
198,616
12,340
Support costs for Ihe current year are classified as follows;
Community
St Pauls
and
Church &
workshops
buildings (ersgagem't)
Education
Educatlon
(formal) (Informal)
Activlty expendlture
IT and Communications
General Equipment and Maintenance
Training, welfare & recrultment
Adminstration costs
Office overheads
General salaries
Miscellaneous & merchandising
Professional fees
Depreciation
5.831
8.824
5,173
5,475
23,561
64.448
232.839
3.588
7.486
2.171
2.815
4.259
2.497
2,643
11,374
31,112
112,405
1,732
664
1,048
170,549
804
1,217
714
755
3,250
8,889
32.116
500
190
299
604
912
536
568
2,437
6,667
24.088
371
143
225
359.396
48,734
36,551
Support costs for the prior year are classified as follows:
25

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Notes to the Financial Statements (continufjd)
Year ended 3.1 August 2024
Community
St Pauls
and
Church &
workshops
buildings (engagem't)
Education
Education
(formal) (Informal)
Activity expenditure
IT and Communications
General Equipment and Maintenance
Training, welfare & recruitment
Adminstration costs
Office overheads
General salaries
Miscellaneous & merchandising
Professional fees
Depreciation
38.679
11,468
11.094
27,303
13,413
70,391
264,999
3.584
4.667
2,101
16,067
4.763
4.608
11,341
5,571
29,239
110.077
1.489
1.939
873
3.570
1.058
1.024
2,520
1.238
6,498
24,462
331
431
194
1.190
353
341
840
413
2,166
8.154
110
144
65
447,699
185.967
41.326
13,776
12. Net expendltur•
Net expendrture is stated after chargingl(crediling):
2024
2023
Depreciation of tangible fixed assets
3,743
36.429 '
13. Audltors remuneratlon
2024
2023
Fees payable for the audit of the financial slatements
5.000
4,725
26

Academy for Contemporary Circus and Physical Theatre
Company Llmlted by Guarantee
Notes to the Financial Statements (¢ontlnu¢d)
Year ended 31 August 2024
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
Gross wages
Pension contributions
Social security costs
852,248
18.012
49.594
836,305
13.465
56.020
919.854
905,790
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
The total remuneration for the key management personnel was £155,487 {2023.' £123,837)
The average head count of employees during the year was 66 (2023.. 66). The average head
count during the year is analysed as follows..
2024
2023
Chief Executive
Artistic and Educational Director
Technical, Front of House and Teachlng Staff
Administration
58
60
66
68
15. Trustee remuneratlon and •xpons•8
No Trustees or other person related to the Charity received remuneration or other benefits from
employmeni or in connection with the charity or a related entity.
One Trustee was reimbursed travel expenses of £172 {2023: £486) during the year.
27

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Notes to the Financial Statements {¢ontlnued)
Year ended 31 August 2024
16. Tangible fixed assets
Long
leasehold
property
Plant and
machinery
Total
Cost
At 1 September 2023
Additions
564,556
191,OS7
3,993
195.050
755,613
3.993
At 31 August 2024
Depreclatlon
At 1 September 2023
Charge for the year
At 31 August 2024
Carrylng amount
At 31 August 2024
At 31 August 2023
564.556
759.606
564,556
177.909
3,743
T42.465
3,743
564,556
181,652
746,208
13.398
13,398
13.148
13,148
Propety improvements funding has been provided to convert St Paul's Church in.8ristol City
Centre into a building suitable for circus-theatre training and performances. This has involved
Installing a dance floor, state of the art full-scale flying trapeze rig and additional changing and
showering facilities. The major funders have placed restrictions on the funding in that assets
cannot be disposed of without prior permission and notification must be given of any change in
use of the building.
28

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Notes to Ihe Financial Statements (￿ntInued)
Year ended 31 August 2024
17. Investments
The charity is the sole member of Circomedia Enterprises Ltd. a company limlted by guarantee.
The performance of the 1 OOYO owned trading subsidiary for the years ended 31 August is set out
below:
2024
2023
Income
Bar takings
68.576
62.209
Cost of Sales
Purchases
Other costs
(18,632)
(674)
49,270
(19,445)
(659)
42,105
Gross Profit
Administration Expenses
Adminstration Expenses
Donation to parent charity
(6,729)
(42,541)
(744)
(41,361)
Net Profit
The net reserves of Circomedia Enterprises Ltd at the year end were £nil (2023: £nil).
The subsidiary is immaterial in terms of the performance of the group, so advantage has been
taken of this exemption from the requirement to prepare consolidated group accounts, the overall
deficit presented in the group accounts would be £88,870, the same as that for the charity.
18. Stocks
2024
2023
Raw materials and consumables
2,587
4,184
19. Debtors
2024
2023
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
Other debtors
21.588
36,750
2.713
44,565
3,313
16,043
2,473
40.104
87.341
29

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Notes to the Financial Statements (contlnugdj
Year ended 31 August 2024
20, Credltors: arnounts falling due wlthln one year
2024
2023.
Trade creditors
Amounts owed to group undertakings
Accruals and deferred income,
Social security and other taxes
Other creditors
72.302
15.194
76,200
37,087
10,756
34.191
101,932
41.984
11.563
211,539
189.670
21. Deferred In¢omo
2024
2023 .
At 1 September 2023
Amount released to income
Amount deferred in year
At 31 August 2024
67.504
(67.504)
65.836
28.028
(28,028)
67,504
65.836
67,504
22. Analys15 of charltsble funds
Unrestricted funds
At
1 September
2023
At
31 August 2
024
Income Expenditure
General funds
14,414
1,257,847 (1,362,430)
(90,169)
At
1 September
2022
At
31 August 20
23
Income Expenditure
General funds
216.621
1,212.340 (1,414,547)
14,414
30

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnu8d)
Year ended 31 August 2024
22. Analysls of charitable funds (contlnued)
Restrlcted funds
At
1 September
2023
At
31 August 2
024
Income Expenditure
Leasehold property
Quartet Foundation
4,882
{3,583)
{3.583)
1,299
1.299
4,882
At
1 September
2022
At
31 August 20
23
Income Expenditure
Leasehold propety
Quartet Foundation
33,196
(33,196)
33,196
{33,196)
23. Analysls of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Credilors less than 1 year
Net Ilabllltles
13,398
107,972
(211.539)
(90,169)
13.398
109.271
(211,539)
(88.870)
1 ,299
1,299
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net Ilabillties
13,148
190,936
{189,670)
14,414
13,148
190,936
(189.670)
14.414
24. Analysls of chang•s In net debt
At
At
1 Sep 2023 Cash flows 31 Aug 2024
Cash at bank and in hand
99.411
(32,831)
66.580
31

Academy for Contemporary Circus and Physical Theatre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
25. Operatlng lease commitments
The totsl future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
108,170
208,882
108,170
317.051
317,052
425,221
32