COMPANY REGISTRATION NUMBER: 03278236 CHARITY REGISTRATION NUMBER: 1063928
Circus Eruption Company Limited by Guarantee Unaudited Financial Statements
31 August 2020
GORDON DOWN & COMPANY LIMITED
Accountants and business advisors 144 Walter Road Swansea SA1 5RW
Circus Eruption
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2020
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 12 |
| Statement of financial activities (including income and | |
| expenditure account) | 13 |
| Statement of financial position | 14 |
| Notes to the financial statements | 16 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 27 |
| Notes to the detailed statement of financial activities | 29 |
Circus Eruption
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 August 2020
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2020.
Reference and administrative details
Registered charity name Circus Eruption Charity registration number 1063928 Company registration number 03278236 Principal office and registered 92a Stepney Street office Cwmbwrla Swansea SA5 8BD
The trustees
Mr P Burton Mr S Hanbury Mr T O'Brien Ms D Havard (Appointed 13 May 2020) Mr D Owen Independent examiner Carl West ACA 144 Walter Road Swansea SA1 5RW
Structure, governance and management
Governing document
The organisation is a charitable company, limited by guarantee. The company was incorporated on 14th November 1996 and registered as a charity on 15th October 1996. The charitable company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
Appointment of trustees
The trustees are also the directors of Circus Eruption for the purposes of company law. The rules regarding the number of trustees and their appointment, reappointment and removal are contained in the Articles of Association to which reference should be made. New trustees are appointed by the board of trustees.
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Circus Eruption
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2020
Structure, governance and management (continued)
Trustees induction and training
All new trustees receive an induction pack of information about Circus Eruption and guidance on their responsibilities as charity trustees and company directors. The induction pack provides information on their legal obligations under charity and company law, the Charity Commission guidance on public benefit, and informs them of the content of the Memorandum and Articles of Association, the committee and decision-making process, the business plan and the recent financial performance of the charity.
Organisation
Circus Eruption is managed by a board of up to ten trustees with the day to day running carried out by 5 part time staff, who undertake roles including project coordination, running activities and workshops, development, volunteer coordination, administration and outreach. The young people elect six representatives who along with the volunteers act as an advisory panel for the trustees and workers. The young people play an active role in planning activities and deciding the future development of the project.
Related parties and co-operation with other organisations
None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager of the charity with a production company, contracted actor, performer or exhibitor must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party.
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Circus Eruption
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2020
Objectives and activities
Circus Eruption is a registered charity (no 1063928) and was founded in 1991 as the first integrated youth circus in the UK. We are a 'social circus' project - we use the medium of circus skills to enable disadvantaged young people of all abilities to maximise their potential through inclusion, participation and empowerment: increases in self-esteem, self-confidence and resilience lead to empowered young people who flourish as active citizens and can make a difference in the world.
Our non-judgmental and accepting environment also encourages positive attitudes towards others and respect for diversity; in this way our values and methods challenge inequality and discrimination. As a well established local charity, we enjoy working closely with others towards the common good.
OUR AIMS
Each person, depending on their abilities, is able to realise their potential through the diverse range of activities and adaptability that circus provides. We see a wide range of outcomes for the young people involved. The ones we focus on are:
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empowerment of young people
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inclusion and participation
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challenging inequality, discrimination and disadvantage
We have a pool of 30+ skilled volunteers who work alongside our 5 part-time staff to ensure the project is safe and the young people are supported.
PROGRESS AGAINST OUR 2019-2020 OBJECTIVES - SUMMARY
Our objectives for the year September 2019 - August 2020, as stated in our annual report last year, were to:
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Make our existing projects, outreach work and any new projects we undertake the best they can be by supporting everyone to 'make Circus work for them'
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Complete necessary restoration and renovation works to our building in order to move in
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Embark on a process of organisational development to ensure that our move to the building is accompanied by a strategic plan, enabling us to extend our existing circus work and look ahead to long term sustainability
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Develop new connections and partnerships in order to create or facilitate new projects in future, as we bring the second hall back into use.
All this was progressing strongly; and in March 2020, everything obviously changed dramatically due to the emergence of COVID-19 and the abrupt lockdown. Despite this - we made strong progress on all counts throughout the year.
Our existing funded projects went well all year despite being online half the time, largely due to a talented, creative and energetic team of staff and volunteers (who on earth could have imagined us running circus workshops online - and for so long!) - and young people who adapted incredibly well. Similarly our connections and partnerships continued to develop - we very much appreciated the value of what we can bring and receive from these, especially in the exceptional circumstances. The
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Circus Eruption
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2020
richness and value of what we've been part of building over the years came into its own this year and we remain committed to and grateful for all those who work with and alongside us in supporting people to flourish.
Unfortunately we didn't complete the renovation works in order to move in, although we did make substantial progress - our one consolation there was that even if we'd had doors to open we would not have been able to open them! Our organisational development slowed but, again, continued.
OUR ACTIVITIES - September 2019 - August 2020
The organisation continued to run several distinct projects this year. Our two funded projects continued (and flourished!) after March 2020, as we focussed on online delivery and support.
Eruption Workshops:
(a) Tuesday night Circus - The original work of Circus Eruption and still a central part of our activity. A weekly integrated workshop in the centre of Swansea for 50 young people (aged 11-19), at least a third of whom have labels of additional needs or disability.
(b) Junior Circus - aimed at children with disability labels aged 7-11 and their siblings.
(c) Refugee and Asylum Seeker Circus - self explanatory (age 11-19).
The above workshops are run by two experienced Circus Workshop tutors, who are in turn supported by 30+ volunteers. They are currently funded by Children in Need. These young people also have the opportunity to participate in 'holiday weeks' (dedicated daytime workshops in the school holidays), a residential (usually!) and local parades.
In early 2020, the young people from the Tuesday Night circus and the Refugee and Asylum Seeker backgrounds circus decided to join together. We had designed the project with this in mind - creating joint holiday weeks and associated performance opportunities and residentials to foster integration. Creating a separate project does not come naturally to us as we are inherently inclusive, so the intention was always to provide a 'bridge' for young people who were under-represented in our youth circus, and might not access it directly. With permission from the funder of these projects, Children in Need, we were able to respond positively to the young people's request, merge the two weekly workshops and create some additional 'outreach' activity to ensure continued access. Being open to everyone is not always enough - sometimes those who face stigma or have low expectations might not have the confidence or networks to join up, so we are able with the funding to build more little 'bridges', rather than a a long term workshop series, in order that young people can see what we're about and join in if they want to.
These in-person workshops were abruptly cancelled on March 16th. We had prepared for a 'final workshop' on 17th but had to pull that at short notice with the March 16th UK announcement. Staff stepped straight into digital safeguarding and immediately organised policies and procedures, enabling us to move safely online on the 24th March. Most of the children and young people who'd participated in person have joined us at some point; some simply weren't able to manage an online presence for various reasons and others really enjoyed it. For some young people who experienced domestic changes in addition to the lockdown our continued presence was a major and important constant in their year.
New opportunities and routes to support (for children and young people who are care experienced or at risk of becoming so). We connected with several other organisations to create this bespoke project in the spring of 2019 in order to develop relevant networks and partnerships and create new ones,
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Circus Eruption
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2020
increase our ability to support and signpost, and to embed a welcome in Circus Eruption for children and young people who are care experienced, or on the edge of care. This project was conceived through working with some young people in this situation and recognising the strength of what we had to offer as an organisation which can provide ongoing contact and support throughout various stages. This year the project went from strength to strength due to the appointment of a talented Development Worker in August 2019.
In person, over 100 young people connected with us at consultation events we co-ran for Swansea and Neath Port Talbot Local Authority participation teams, and smaller sessions were run for the MAPPS (Multi Agency Placement Support Service) team, Adoption UK , Western Bay Adoption and the FAST team (Family Action Support). A total of 13 families were supported at these smaller, dedicated circus workshops, including 18 children and young people. While lockdown affected many planned in-person workshops, which felt disappointing, we were able to exceed our targets on this project anyway and continuing online was a surprise hit with many in this group. Feedback was consistently positive.
Staff and volunteers also received training in person from the Roots Foundation, on 'Innate Resilience', and from Voices from Care. The Voices from Care training was delivered by care experienced young people and included an overview of the system and its impact on their lives.
Although online circus workshops aren't what anyone could have anticipated, we went on to provide these on this project after March 2020 and they proved popular among this group. In the period to August 2020, 14 families including 22 children/young people had participated in these bespoke online sessions (several more than once).
This project is funded until March 2022 (originally March 2021).
'Family Circus': This fortnightly Sunday afternoon workshop is volunteer-led and run, for children and young people aged 5-13 and their associated adults. A loosely applied donation charge per person is suggested. We are exploring an alternative title for this group, as the word 'family' can exclude. This ran from September until early March and 21 families, including 74 people (34 adults and 40 children/young people) with a wonderful variety of backgrounds and abilities participated.
'Big Kids Play': A Sunday morning opportunity for volunteers and others aged 18 and over to practice their skills by attending our 'big kids playgroup' on a Sunday morning. There is a modest charge for this. 26 people attended (many of them quite regularly) until this stopped in March 2020 as a result of the pandemic.
Commissioned private workshops: We provide tailored social circus workshops for a wide range of community groups and organisations throughout South Wales. These contribute to our financial sustainability, and also help to raise our profile. Much of this work is with children and young people facing disadvantage as we are well known locally for expertise in this area. These were going exceptionally well - bringing in our highest income for the first six months to date - then workshops ceased in mi d-March 2020 due to the pandemic. We began to run some online, and finished the year with an in-person, outdoor, prebooked places only circus workshop for Cwmbwrla Community Events in late August!
We also run training and 'thank-you' events for volunteers.
We continue to actively connect with other organisations (we aren't listing them all here - just highlighting!). This year we have benefitted greatly from the support and advice of Social Business Wales as we look to develop our work in the new building. We are grateful to officers of SBW and the Architectural Heritage Fund for connecting us to relevant groups, information and sources of advice
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Circus Eruption
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2020
and support as we take on a new building. We have also formally partnered with the Roots Foundation and have continued to connect with a number of other relevant agencies to develop our new funded project. We continue to be active members of the excellent Swansea Council for Voluntary Services and CircusWorks (the umbrella body for UK youth circus). We continue to be members of the Heritage Trust Network and become part of Cwmbwrla Community Events in our new (future!) community.
A NOTE ON THE IMPACTS OF THE PANDEMIC
Alongside everyone else, we were plunged into new territory in March 2020; for us, it meant immediately ensuring that the young people we support did not miss out on any of their opportunities to be part of Circus Eruption, and that those who most needed to be introduced to the constructive potential of Circus could still do so. We are proud to report that our efforts on both counts have met with as much success as was possible! Our existing funded projects and outreach went online immediately - the support of our funders and the talent and creativity of staff and volunteers meant that inclusive circus fun has continued without a pause. We had to cancel the planned residential in May, which was a great disappointment - it's become a feature of the Eruption year and is much loved by the young people.
Our trading suddenly evaporated, but losses were replaced through two grants (a 'Third Sector Resilience' Grant from WCVA, and a Covid Response grant from the Moondance Foundation). We furloughed one staff member. We were not eligible for any other government support.
Having received all necessary permissions for building work in February 2020, we'd developed a strategy for this capital build phase (approx. £200,000) of making several funding applications for amounts from £20,000-£40,000. We'd already applied for some in March 2020; two of these immediately evaporated (funds diverted to COVID-19 emergency responses) and so were never considered. 5 others we'd planned to apply for were suspended. Having to suddenly develop new ways of working as well as applications to replace lost income also meant a temporary lull in capital building applications for a short period of time.
Our top priorities from March-August were to support the young people who are part of Circus Eruption and to keep the organisation afloat, and we are pleased and proud to say that we achieved both of these aims. Our strategic planning and the speed of organising the finance and contractors on our build work had to take second place for a short time as we managed the immediate response, but our conversations, connections and progressions in these areas continued in the background, to return strongly after August 2020.
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Circus Eruption
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2020
Achievements and performance
HIGHLIGHTS OF SEPT 2019 - AUGUST 2020
There's always much to celebrate and - despite everything - this year was no exception!
249 children and young people participated in our funded workshops (Children in Need and West Glamorgan/ICF), plus 68 of their parents/carers (through the ICF/West Glamorgan project only), and an additional 674 people participated in bespoke external workshops. 286 of these were adults, and the majority of the children and young people we worked with faced some kind of disadvantage, label or stigma.
Our funded projects , as described above, continued to make a positive difference in the lives of young people, even despite lockdown. Our central outcomes have been around confidence and resilience building, and creating a sense of belonging - alongside the inevitable fun! Funders Children In Need featured those young people who wanted to be involved in a recorded zoom which went out on all their channels - they then also featured a juggling workshop from one of our circus tutors, Alex Clatworthy! Moving online was, of course, a challenge but the team ensured everyone's safety and continue to engage and enthuse the young people week after week. Sending kit to young people has been a real bonus this year and has enabled them to practice at home too which has been a boost! Engagement of children and young people who struggle to engage with other activities continued to be a feature of our year as well. Our inclusive ethos means we actively want to make circus work for everyone, and we believe that we've continued to manage that throughout the year this year.
Parades were a major highlight for the young people this year! Our youth circus tutors and volunteers supported the young people to make the most of a 'space' themed offering, which they proudly presented at Gorseinon lantern parade and the major central parade in Swansea. We borrowed bikes from our friends at 'bikeability' to ensure that everyone could participate - and the stilt walkers walked all the way (2 hours at least; no mean feat!). These were both major events and the level of 'performance' the young people presented was exceptional - they were exhausting and so much fun, and added something special to both events. The young people loved creating and making their costumes and planning their 'show', as well as participating.
We were very fortunate to be joined this year by a full-time volunteer for 6 months, who chose to spend a gap year from his art studies in London working with us in Swansea. It's the first time we've had the capacity to say yes to this kind of request, and he supported us in video editing, circus workshops of course, parade 'making', and making the most of the young people's creativity. It was fantastic to have Matt Payne as part of the team and we were sorry when his six months ended in late February.
Our trading was at an all-time high compared to the same period in any previous year, and with the bookings we had secured beyond March it was looking to be our most successful trading year ever. Although this was not to be, our strong existing connections with WCVA and the Moondance Foundation meant that we secured much needed grant funding to replace our lost income. Team building bookings were stronger this year than previously.
Working in schools , including specialist teaching facilities, as part of our trading continued to develop this year too, with new connections and continuation work. Feedback is always positive, with feedback indicating that circus workshops support children and young people in concentration, fine motor skills, communication, confidence and resilience. We returned in person later in the year to support some year 11s outside in person for their leaving party (with significant COVID-19 protocols!) and we we were more popular with many than the bouncy castle!
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Circus Eruption
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2020
Other workshops included our being a popular feature at a 'buggy push' event, workshops at children's centres, for the lymphoedema network, team building at a flute residential, community family fun sessions. One of our early bookings in Sept 2019 was a team day for around 200 staff in the Estates Department of the university . This booking - 'just' for a circus workshop team building session - led to a lovely connection, and we'd arranged for a team of volunteers from Estates to support us with voluntary activities helping us to sort out our building. Insurance etc was all in place and the dates were set for the week of 16th March 2020! Obviously this was postponed but our connection was established and we look forward to reactivating this in the future.
Buildings were a mixed bag! We were still in the former ToysRUs 'charity let' at the beginning of the year, and received our notice to quit in July. In early August we moved things into storage and our 'forever home', the former church, which was still awaiting works to enable us to use it.
We made significant progress on that this year in many ways, getting planning permission through, preparing the contract documents and putting them out to tender, success with capital funding commitments from the Architectural Heritage Fund and the Garfield Weston Foundation, and Stage 1 funding passes from both the Pilgrim Trust and CADW. Things were moving, but slowly! We also suffered a break-in in July which resulted in some minor arson damage and damage to two stained glass windows.
We continued with our strategic development , with a visioning day facilitated by Social Business Wales in early January 2020 - attended by all staff and trustees - demonstrating substantial organisational coherence in terms of values and direction. Our project coordinator was awarded the Walter Dickie Leadership bursary in November 2019, intended for training and travelling to visit projects! She visited 'ChangeKitchen' (and the Jericho Foundation) in Birmingham in January and received mentoring and support from its founder and director. She was scheduled to attend a 'Discovery Day' at Participatory City/Every One Every Day in Barking and Dagenham in late March, and had planned to visit a social circus project in Europe - these had to be postponed for obvious reasons! We held up our process with Pilotlight in order to apply for the Weston Charity Awards - unfortunately we were unsuccessful with the award despite being shortlisted as finalists, but we have been accepted onto the Pilotlight programme anyway, and look forward to continuing with this in the autumn of 2020. Our project coordinator also participated in the Common Purpose Meridian programme (Bristol cohort) - entirely online.
We've continued to develop our networks, friendships and connections , locally and further afield, throughout the year. From the very local networks around our new building, and including its former congregation (who are immensely supportive and pleased!) to UK-wide networks like the Heritage Trust Network (where we also connect as part of the Wales branch), and 'CircusWorks', whose in-person conference all staff and two volunteers attended in Bristol in the autumn of 2019 and whose online 'unconferences' proved to be a source of connection, shared learning and fun well into lockdown, not to mention the many groups and organisations we connect with both formally and informally as we explore what's wanted and needed in our new building.
So many people make a difference to what we do and the way we do it - not least the young people, who are at the centre of it all, and of course the staff, volunteers and trustees, but also those who've shown professional excellence in supporting our building work, those who've donated, those who've funded, those who've cheered us on and cheered us up!
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Circus Eruption
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2020
Achievements and performance (continued)
STAFFING , VOLUNTEERS AND FUNDING
Our Project Coordinator, Admin/Volunteer Coordinator, Activity Workers and Development worker all remained consistent throughout the year. Staff were all employed 20 hours per week throughout the year (just under 3 FTE). The team work well together and independently and have been supported by a freelance book-keeper, a constructive and supportive team of trustees and a committed group of 30+ volunteers. We have continued to occasionally call on a bank of trained sessional workers when required so that we have the capacity to keep up with the demand for fee paying workshops.
When lockdown happened, we adjusted our workshop staffing (with permission from the funder) and furloughed one Activity Worker temporarily. Two of our remaining staff as well as our book keeper have primary or sole responsibility for young children and two others had significant caring responsibilities for other adults locally and so continuing to run sessions, support and engage young people, keep the organisation afloat, communicate with one another and get through it was a huge challenge - but our culture of tenacity, resilience, mutual support and kindness runs throughout the organisation and we kept going together!
We were pleased to welcome Denise Havard this year as a new Trustee. She'd been supporting our capital build process for some time before formalising her commitment to Circus Eruption by becoming a Trustee in May 2020.
We were delighted to hear that we were successful once again with 3 more years of funding from Children in Need for our inclusive youth circus workshops. This means that crucial aspect of our work is stable at least until July 2023, which will take us to 12 years as a Children in Need funded project.
It should be noted that the immediate approach of Children in Need and the West Glamorgan Partnership/ICF, a more recent multi-year funder on a different project, was to open communication, support their funded organisations and ensure that we knew we could respond on the ground in whatever ways made most sense in order to support those we work with. We were also successful, as we've mentioned, with two COVID-19 emergency grants to cover our sudden drop in trading income. We were extremely grateful for all our funders this year - they flexibly enabled us to keep supporting young people effectively and to continue to be able to look ahead too.
As mentioned above, our capital funding began to take shape this year and we raised round half the required amount towards the Phase 1 'getting in' costs. The support of the heritage community has played no small part in this achievement (appreciation is wide but particular thanks are due to Adam Hitchings of the Architectural Heritage Fund / Heritage Trust Network, and also Steve Smith our Local Authority heritage officer and our heritage building professionals Pat Ruddock and Ashley Davies) and whilst we still have far to go and much to learn - and very substantial capital works ahead even when this initial phase is done - we hope that we can support others in future to enable heritage properties to have and provide a new lease of life.
It was our most epic year for fundraising too! Our donations were strong due to the momentum of our building, and were bolstered by a truly epic effort by two of our volunteers in November 2019; they raised over £1000 towards our building renovation by pushing a juggling ball up a very large local hill WITH THEIR NOSES. We raised another £4000 in total on 'localgiving' too, through 117 individual donations. Also in November we experimented by booking the band Trials of Cato at the Taliesin Theatre; this was an excellent, well attended event and after our costs (venue hire and band) we still raised almost £1000 that evening.
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Circus Eruption
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2020
Financial review
During the year the charity's income was £193,407 (2019 - £87,340), with expenditure in the year of £164,041 (2019 - £82,337). The Charity's net income for the year amounted to £29,366 (compared to net income in 2019 of £5,003).
There were restricted funds received during the year from Children in Need, West Glamorgan Regional Partnership (ICF), Architectural Heritage Fund and the Walter Dickie Fund. These funds were expended on salaries and agreed overheads. Any unspent revenue income is carried forward to next year. The total restricted funds at the year end amount to £13,374 (2019 - £5,276). Unrestricted funds at the end of the year represent the Charity's free reserves and amounted to £27,423 (2019 - £6,155).
INVESTMENT POLICY
Under the memorandum and articles of association, the charity has the power to make any investment which the trustees see fit. The charity has a policy of keeping surplus liquid funds in short-term deposits which can be accessed readily.
RESERVES POLICY
Circus Eruption aims to build up reserves in future years and enable it to continue to expend the services they currently provide and develop new projects in the future. The policy will be reviewed annually or when significant changes occur in the organisation.
RISK MANAGEMENT
The trustees have examined the major risks to which the charity is exposed, in particular those related to the organisations and finances of the charity, and are satisfied that systems are in place to mitigate our exposure to the major risks identified.
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Circus Eruption
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2020
Plans for future periods
THE FUTURE
Our objectives for the year 2020/2021 are to:
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Make our existing projects, outreach work and any new projects we undertake the best they can be by supporting everyone to 'make Circus work for them' - and to continue to be flexible, creative and responsive in the context of a global pandemic
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To actively support our collective recovery from COVID-19
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Complete necessary restoration and renovation works to our building in order to move in
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Continue our organisational development, including strategic planning, connections, partnerships and research to ensure that the future we create in the building extends our existing circus work, responds to what's wanted and needed and looks ahead to long term sustainability
Importantly, we feel remarkably well placed to respond to the current crisis in the longer term. Before the Covid-19 pandemic happened, we were already expecting to change and flex our plans around the needs in our city which had arisen due to a prolonged period of austerity. Our experienced and strong staff, volunteers and trustee teams are weathering the current situation and taking care to look ahead with wisdom and integrity.
We are a circus inclusion project, and circus and theatre arts will always be a central feature of our work. Our main space lends itself to that; it's beautiful - and extremely theatrical! Alongside this, we have the opportunity to work with others to develop or facilitate new projects and ideas according to what is most needed and wanted to reduce stigma and isolation as we recover together from this crisis.
We hope that our new building will continue and extend our almost 30-year legacy of creating an inclusive and welcoming atmosphere which enables people to build confidence and resilience, be part of something, and have fun.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 27 May 2021 and signed on behalf of the board of trustees by:
Mr D Owen Trustee
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Circus Eruption
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Circus Eruption
Year ended 31 August 2020
I report to the trustees on my examination of the financial statements of Circus Eruption ('the charity') for the year ended 31 August 2020.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Carl West ACA
Independent Examiner
144 Walter Road Swansea SA1 5RW
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Circus Eruption
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 August 2020
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 35,547 | 131,761 | 167,308 | 57,530 |
| Charitable activities | 6 | 16,888 | – | 16,888 | 29,684 |
| Investment income | 7 | 5 | – | 5 | 6 |
| Other income | 8 | 9,206 | – | 9,206 | 120 |
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| Total income | 61,646 | 131,761 | 193,407 | 87,340 | |
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| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 9 | 6,425 | – | 6,425 | 4,674 |
| Expenditure on charitable activities | 10,11 | 33,183 | 124,433 | 157,616 | 77,663 |
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| Total expenditure | 39,608 | 124,433 | 164,041 | 82,337 | |
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| Net income | 22,038 | 7,328 | 29,366 | 5,003 | |
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| Transfers between funds | 109 | (109) | – | – | |
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| Net movement in funds | 22,147 | 7,219 | 29,366 | 5,003 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 5,276 | 6,155 | 11,431 | 6,429 | |
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| Total funds carried forward | 27,423 | 13,374 | 40,797 | 11,432 | |
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═════════ |
════════ |
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 16 to 25 form part of these financial statements.
13
Circus Eruption
Company Limited by Guarantee
Statement of Financial Position
31 August 2020
| 2020 | 2019 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 17 | 54,471 | 55,430 |
| Current assets | |||
| Debtors | 18 | 3,388 | 8,572 |
| Cash at bank and in hand | 49,410 | 66,335 | |
──────── |
──────── |
||
| 52,798 | 74,907 | ||
| Creditors: amounts falling due within one year | 19 | 1,472 | 53,905 |
──────── |
──────── |
||
| Net current assets | 51,326 | 21,002 | |
───────── |
──────── |
||
| Total assets less current liabilities | 105,797 | 76,432 | |
| Creditors: amounts falling due after more than one year | 20 | 65,000 | 65,000 |
───────── |
──────── |
||
| Net assets | 40,797 | 11,432 | |
═════════ |
════════ |
||
| Funds of the charity | |||
| Restricted funds | 13,374 | 6,155 | |
| Unrestricted funds | 27,423 | 5,277 | |
──────── |
──────── |
||
| Total charity funds | 22 | 40,797════════ |
11,432════════ |
For the year ending 31 August 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page.
The notes on pages 16 to 25 form part of these financial statements.
14
Circus Eruption
Company Limited by Guarantee
Statement of Financial Position (continued)
31 August 2020
These financial statements were approved by the board of trustees and authorised for issue on 27 May 2021, and are signed on behalf of the board by:
Mr D Owen Trustee
The notes on pages 16 to 25 form part of these financial statements.
15
Circus Eruption
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2020
1. General information
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 92a Stepney Street, Cwmbwrla, Swansea, SA5 8BD.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
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.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
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 are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked 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.
16
Circus Eruption
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2020
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; 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.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
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 of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, 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 raising funds 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 between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment 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.
17
Circus Eruption
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2020
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Freehold property | - | 50 years straight line basis |
|---|---|---|
| Equipment | - | 25% straight line |
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The company is limited by guarantee and does not have a share capital. The liability of the members in the event of the company being liquidated is limited to £1 per member.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 7,422 | – | 7,422 |
18
Circus Eruption
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2020
5. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Grants | |||
| Children in Need | – | 35,872 | 35,872 |
| West Glamorgan Regional Partnership (ICF) | – | 39,922 | 39,922 |
| Moondance Foundation | 15,000 | 44,717 | 59,717 |
| Architectural Heritage Fund | – | 10,000 | 10,000 |
| WCVA Walter Dickie Leadership Bursary | – | 1,250 | 1,250 |
| WCVA Grants | 13,125 | – | 13,125 |
──────── |
───────── |
───────── |
|
| 35,547 | 131,761 | 167,308 | |
════════ |
═════════ |
═════════ |
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2019 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 7,444 | – | 7,444 |
| Grants | |||
| Children in Need | – | 28,486 | 28,486 |
| West Glamorgan Regional Partnership (ICF) | – | 14,112 | 14,112 |
| Moondance Foundation | – | 5,283 | 5,283 |
| Architectural Heritage Fund | – | 2,205 | 2,205 |
| WCVA Walter Dickie Leadership Bursary | – | – | – |
| WCVA Grants | – | – | – |
─────── |
──────── |
──────── |
|
| 7,444 | 50,086 | 57,530 | |
═══════ |
════════ |
════════ |
6. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | ||
| £ | £ | £ | £ | ||
| Circus workshops | 16,888 | 16,888 | 29,684 | 29,684 | |
════════ |
════════ |
════════ |
════════ |
||
| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2020 | Funds | 2019 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable type 1 | 5 | 5 | 6 | 6 | |
════ |
════ |
════ |
════ |
19
Circus Eruption
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2020
8. Other income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | |
| £ | £ | £ | £ | |
| Rental income | 4,445 | 4,445 | 120 | 120 |
| Other income | 403 | 403 | – | – |
| Job Retention Scheme | 4,358 | 4,358 | – | – |
─────── |
─────── |
──── |
──── |
|
| 9,206 | 9,206 | 120 | 120 | |
═══════ |
═══════ |
════ |
════ |
|
| Costs of raising donations and legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2020 | Funds | 2019 | |
| £ | £ | £ | £ | |
| Costs of raising funds | 6,425═══════ |
6,425═══════ |
4,674═══════ |
4,674═══════ |
9. Costs of raising donations and legacies
10. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Activity type 1 | 30,652 | 124,433 | 155,086 |
| Support costs | 2,531 | – | 2,530 |
──────── |
───────── |
───────── |
|
| 33,183 | 124,433 | 157,616 | |
════════ |
═════════ |
═════════ |
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2019 | |
| £ | £ | £ | |
| Activity type 1 | 31,352 | 44,231 | 75,583 |
| Support costs | 2,080 | – | 2,080 |
──────── |
──────── |
──────── |
|
| 33,432 | 44,231 | 77,663 | |
════════ |
════════ |
════════ |
11. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly Support costs | 2020 | 2019 | ||
| £ | £ | £ | £ | |
| Activity type 1 | 155,086 | – | 155,086 | 75,583 |
| Governance costs | – | 2,530 | 2,530 | 2,080 |
───────── |
─────── |
───────── |
──────── |
|
| 155,086 | 2,530 | 157,616 | 77,663 | |
═════════ |
═══════ |
═════════ |
════════ |
20
Circus Eruption
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2020
12. Analysis of support costs
| Analysis of | ||||
|---|---|---|---|---|
| support costs | ||||
| activity 1 | Total 2020 | Total 2019 | ||
| £ | £ | £ | ||
| Support costs - Accountancy | 850 | 850 | 400 | |
| Support costs - Bookkeeping | 1,680 | 1,680 | 1,680 | |
─────── |
─────── |
─────── |
||
| 2,530 | 2,530 | 2,080 | ||
═══════ |
═══════ |
═══════ |
||
| 13. | Net income | |||
| Net income is stated after charging/(crediting): | ||||
| 2020 | 2019 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 1,387 | 181 | ||
═══════ |
════ |
|||
| 14. | Independent examination fees | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 850════ |
400════ |
15. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Wages and salaries | 69,323 | 50,344 |
| Employer contributions to pension plans | 1,771 | 1,297 |
──────── |
──────── |
|
| 71,094 | 51,641 | |
════════ |
════════ |
| The average head count of employees during the year was 3 (2019: 3). The average | The average head count of employees during the year was 3 (2019: 3). The average | number of |
|---|---|---|
| full-time equivalent employees during the year is analysed as follows: | ||
| 2020 | 2019 | |
| No. | No. | |
| Number of staff - type 1 | 3 | 3 |
════ |
════ |
No employee received employee benefits of more than £60,000 during the year (2019: Nil).
16. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees in the year.
21
Circus Eruption
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2020
17. Tangible fixed assets
| Freehold | ||||
|---|---|---|---|---|
| property | Equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 September 2019 | 55,000 | 16,081 | 71,081 | |
| Additions | – | 429 | 429 | |
──────── |
──────── |
──────── |
||
| At 31 August 2020 | 55,000 | 16,510 | 71,510 | |
════════ |
════════ |
════════ |
||
| Depreciation | ||||
| At 1 September 2019 | – | 15,652 | 15,652 | |
| Charge for the year | 1,100 | 287 | 1,387 | |
──────── |
──────── |
──────── |
||
| At 31 August 2020 | 1,100 | 15,939 | 17,039 | |
════════ |
════════ |
════════ |
||
| Carrying amount | ||||
| At 31 August 2020 | 53,900 | 571 | 54,471 | |
════════ |
════════ |
════════ |
||
| At 31 August 2019 | 55,000 | 429 | 55,429 | |
════════ |
════════ |
════════ |
||
| 18. | Debtors | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Trade debtors | 1,520 | 6,998 | ||
| Prepayments and accrued income | 1,201 | – | ||
| Other debtors | 667 | 1,574 | ||
─────── |
─────── |
|||
| 3,388 | 8,572 | |||
═══════ |
═══════ |
|||
| 19. | Creditors: amounts falling due within one year | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Accruals and deferred income | 850 | 51,956 | ||
| Social security and other taxes | 306 | 1,013 | ||
| Other creditors | 316 | 936 | ||
─────── |
──────── |
|||
| 1,472 | 53,905 | |||
═══════ |
════════ |
|||
| 20. | Creditors: amounts falling due after more than one year | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Other creditors | 65,000 | 65,000 | ||
════════ |
════════ |
22
Circus Eruption
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2020
21. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,771 (2019: £1,297).
22. Analysis of charitable funds
Unrestricted funds
| At | At | ||||||
|---|---|---|---|---|---|---|---|
| 1 | September | 31 August | 20 | ||||
| 2019 | Income | Expenditure | Transfers | 20 | |||
| £ | £ | £ | £ | £ | |||
| General funds | 5,276 | 61,646 | (39,608) | 109 | 27,423 |
||
═══════ |
════════ |
════════ |
════ |
════════ |
|||
| At | At | ||||||
| 1 | September | 31 August | 20 | ||||
| 2018 | Income | Expenditure | Transfers | 19 | |||
| £ | £ | £ | £ | £ | |||
| General funds | 6,129 | 37,254 | (38,106) | – | 5,277 |
||
═══════ |
════════ |
════════ |
════ |
═══════ |
23
Circus Eruption
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2020
22. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 September | 31 August | 20 | ||||
| 2019 | Income | Expenditure | Transfers | 20 | ||
| £ | £ | £ | £ | £ | ||
| Children in Need | 57 | 35,872 | (28,627) | (125) | 7,177 |
|
| West Glamorgan | ||||||
| Regional Partnership | ||||||
| (ICF) | 6,098 | 39,922 | (40,068) | – | 5,952 | |
| Moondance Fund | – | 44,717 | (44,733) | 16 | – | |
| Architectural Heritage | ||||||
| Fund | – | 10,000 | (10,000) | – | – | |
| WCVA Walter Dickie | ||||||
| Leadership Bursary | – | 1,250 | (1,005) | – | 245 | |
─────── |
───────── |
───────── |
──── |
──────── |
||
| 6,155 | 131,761 | (124,433) | (109) | 13,374 |
||
═══════ |
═════════ |
═════════ |
════ |
════════ |
||
| At | At | |||||
| 1 September | 31 August | 20 | ||||
| 2018 | Income | Expenditure | Transfers | 19 | ||
| £ | £ | £ | £ | £ | ||
| Children in Need | 300 | 28,486 | (28,729) | – | 57 | |
| West Glamorgan | ||||||
| Regional Partnership | ||||||
| (ICF) | – | 14,112 | (8,014) | – | 6,098 | |
| Moondance Fund | – | 5,283 | (5,283) | – | – | |
| Architectural Heritage | ||||||
| Fund | – | 2,205 | (2,205) | – | – | |
| WCVA Walter Dickie | ||||||
| Leadership Bursary | – | – | – | – | – | |
──── |
──────── |
──────── |
──── |
─────── |
||
| 300 | 50,086 | (44,231) | – | 6,155 | ||
════ |
════════ |
════════ |
════ |
═══════ |
24
Circus Eruption
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2020
23. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Tangible fixed assets | 54,149 | 322 | 54,471 |
| Current assets | 39,746 | 13,052 | 52,798 |
| Creditors less than 1 year | (1,472) | – | (1,472) |
| Creditors greater than 1 year | (65,000) | – | (65,000) |
──────── |
──────── |
──────── |
|
| Net assets | 27,423 | 13,374 | 40,797 |
════════ |
════════ |
════════ |
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2019 | |
| £ | £ | £ | |
| Tangible fixed assets | 55,430 | – | 55,430 |
| Current assets | 68,752 | 6,155 | 74,907 |
| Creditors less than 1 year | (53,905) | – | (53,905) |
| Creditors greater than 1 year | (65,000) | – | (65,000) |
──────── |
─────── |
──────── |
|
| Net assets | 5,277 | 6,155 | 11,432 |
════════ |
═══════ |
════════ |
25
Circus Eruption
Company Limited by Guarantee
Management Information
Year ended 31 August 2020
The following pages do not form part of the financial statements.
26
Circus Eruption
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 August 2020
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 7,422 | 7,444 |
| Children in Need | 35,872 | 28,486 |
| West Glamorgan Regional Partnership (ICF) | 39,922 | 14,112 |
| Moondance Foundation | 59,717 | 5,283 |
| Architectural Heritage Fund | 10,000 | 2,205 |
| WCVA Walter Dickie Leadership Bursary | 1,250 | – |
| WCVA Grants | 13,125 | – |
───────── |
──────── |
|
| 167,308 | 57,530 | |
───────── |
──────── |
|
| Charitable activities | ||
| Circus workshops | 16,888 | 29,684 |
──────── |
──────── |
|
| Investment income | ||
| Bank interest receivable type 1 | 5 | 6 |
──── |
──── |
|
| Other income | ||
| Rental income | 4,445 | 120 |
| Other income | 403 | – |
| Job Retention Scheme | 4,358 | – |
─────── |
──── |
|
| 9,206 | 120 | |
─────── |
──── |
|
───────── |
──────── |
|
| Total income | 193,407 | 87,340 |
═════════ |
════════ |
27
Circus Eruption
Company Limited by Guarantee
Detailed Statement of Financial Activities (continued)
Year ended 31 August 2020
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Costs of raising donations and legacies | ||
| Wages and salaries | 5,199 | 3,776 |
| Rent | 383 | 419 |
| Insurance | 567 | 235 |
| Other motor/travel costs | 92 | 30 |
| Other office costs | 3 | 13 |
| Depreciation | – | 14 |
| Training | 181 | 37 |
| Equipment and room hire | – | 150 |
───────── |
──────── |
|
| 6,425 | 4,674 | |
───────── |
──────── |
|
| Expenditure on charitable activities | ||
| Wages and salaries | 64,124 | 46,568 |
| Pension costs | 1,771 | 1,297 |
| Rent | 4,724 | 5,176 |
| Repairs and maintenance | 46,771 | 1,274 |
| Insurance | 7,011 | 2,899 |
| Other motor/travel costs | 1,136 | 371 |
| Legal and professional fees | 2,943 | 7,811 |
| Other office costs | 40 | 777 |
| Depreciation | 1,388 | 167 |
| Play Equipment | 6,442 | – |
| Training | 2,229 | 453 |
| Equipment and room hire | – | 1,847 |
| Self employed fees | 2,819 | 8,578 |
| Sundry expenses | 695 | 445 |
| Consultancy fees | 15,523 | – |
───────── |
──────── |
|
| 157,616 | 77,663 | |
───────── |
──────── |
|
───────── |
──────── |
|
| Total expenditure | 164,041 | 82,337 |
═════════ |
════════ |
|
───────── |
──────── |
|
| Net income | 29,366 | 5,003 |
═════════ |
════════ |
28
Circus Eruption
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 August 2020
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Costs of raising donations and legacies | ||
| Costs of raising funds | ||
| Wages and salaries | 5,199 | 3,776 |
| Premises costs | 383 | 419 |
| Insurance | 567 | 235 |
| Travel costs | 92 | 30 |
| Postage, stationery and advertising | 3 | 13 |
| Depreciation | – | 14 |
| Training | 181 | 37 |
| Equipment and room hire | – | 150 |
─────── |
─────── |
|
| 6,425 | 4,674 | |
─────── |
─────── |
|
─────── |
─────── |
|
| Costs of raising donations and legacies | 6,425 | 4,674 |
═══════ |
═══════ |
|
| Expenditure on charitable activities | ||
| Activity type 1 | ||
| Activities undertaken directly | ||
| Wages/salaries | 64,124 | 46,568 |
| Pension costs | 1,771 | 1,297 |
| Premises costs | 4,724 | 5,176 |
| Property repairs | 46,771 | 1,274 |
| Insurance | 7,011 | 2,899 |
| Motor and travel costs | 1,136 | 371 |
| Direct charitable activity 1 - legal and professional fees | 413 | 5,731 |
| Postage, stationery and advertising | 40 | 777 |
| Depreciation | 1,388 | 167 |
| Play equipment | 6,442 | – |
| Training | 2,229 | 453 |
| Equipment and room hire | – | 1,847 |
| Self employed fees | 2,819 | 8,578 |
| Sundry expenses | 695 | 445 |
| Consultancy fees | 15,523 | – |
───────── |
──────── |
|
| 155,086 | 75,583 | |
───────── |
──────── |
|
| Governance costs | ||
| Accountancy fees | 850 | 400 |
| Bookkeeping | 1,680 | 1,680 |
─────── |
─────── |
|
| 2,530 | 2,080 | |
─────── |
─────── |
|
───────── |
──────── |
|
| Expenditure on charitable activities | 157,616 | 77,663 |
═════════ |
════════ |
29