## 

## 

## 

||||||Page|
|---|---|---|---|---|---|
|Legal and administrative||information||||
|Chair's statement||||||
|Artistic Director's<br>introduction||||||
|Trustees'<br>report|||||6-14|
|Auditors'<br>report|||||15-18|
|Statement<br>offinancial|activities||(including|income and expenditure|account) 19-21|
|Balance sheet|||||22|
|Statement ofcash flows|||||23|
|Notes to the financial|statements||||24-30|





## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 



## 

## 

## 



## 

## 

## 

||||Unrestricted|Unrestricted|Restricted|2023|Unrestricted|Restricted|2022|
|---|---|---|---|---|---|---|---|---|---|
||||funds||funds|'Total|funds|funds|Total|
|||Notes|E||E|E|E|E|E|
|Incoming resources||2||||||||
|Incoming<br>resources<br>from generated||funds:||||||||
|Voluntary<br>income|||215,103|||215,103|215,188|—|215,188|
|Investment<br>income - bank||||||||||
|interest||||609||609|26||26|
|In kind support||||||||||
|Incoming<br>resources<br>from charitable||||||||||
|activities:||||||||||
|Theatrical<br>income|||29,406||73,561|102,967|39,460||39,460|
|Theatre tax relief|||||||31,656||31,656|
|Project specific funding|||||4,000|4,000||85,319|85,319|
|Total Incoming<br>resources|||245,118||77,661|322,679|286,330|85,319|371,649|
|Resources expended||||||||||
|Cost ofgenerating<br>funds||||||||||
|Fundraising<br>costs|||24,548||—|24,548|17,713||17,713|
|Charitable<br>activities||||||||||
|Production/project<br>costs|||141,340||80,384|221,724|155,143|80,819|235,962|
|Support costs|||86,232|||86,232|90,779|—|90,779|
|Total resources expended|||252,120||80,384|332,504|263,635|80,819|344,454|
|Net movement<br>in funds||||||||||
|Net income/(expenditure)<br>year|for the|3|(7,002)||(2,823)|(9,825)|22,695|4,500|27,195|
|Total funds brought<br>forward|||178|8?9|4500|183379|156184|—|156184|
|Total funds carried forward||14|171|877|1677|173554|178879|4500|183379|





## 

## 

## 

|||2023|2022|
|---|---|---|---|
|||8||
|Incoming resources||||
|Incoming resources from generated|funds|||
|Voluntary<br>income||||
|Grants||||
|ACE - main||215,103|215,103|
|Sponsorship||||
|Donations|||85|
|||215,103|215,188|
|Incoming resources from charitable|activities|||
|Theatrical<br>income||||
|BoxOffice||||
|Performance<br>fees||21,277|21,927|
|Education Fees||43|791|
|Project fees<br>Expenses reimbursed||78,499<br>3,148|16,702<br>40|
|Other income||||
|||102,967|39,460|
|Project specific funding||||
|Grants||||
|ACE —Managed<br>Funds<br>ACE —Project Funds||4,000|5,000<br>80,319|
|||4,000|85,319|





## 

## 

## 

||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||8|E|
|Costs of<br>eneratln||funds|||||||||
|Fundraising|||||||||||
|Salaries and fees|||||||||24,548|17,713|
||||||||||24,548|17,713|
|Charitable<br>activities|||||||||||
|Production<br>and activity costs|||||||||||
|Project development||and presentation|||fees||||85,464|93,335|
|Project workshop/<br>education<br>fees<br>Project development<br>and presentation|||||costs||||190<br>4,780|2,100<br>18,212|
|Project workshop/|education||costs||||||450||
|Project team travel|and transport costs||||||||21,089|11,503|
|Project team accommodation|||and|subsistence|||costs||17,682|18,035|
|Project marketing,|documentation|||and|evaluation|||costs|6,262|12,880|
|COL team - activity|cost ofemployment|||||and fees|||66,238|68,167|
|COL team project travel, accommodation<br>and <br>COL activity support<br>and marketing<br>costs|||||||subsistence||10,012<br>9,557|4,118<br>7,612|
||||||||||221,724|235,962|
|Support costs|||||||||||
|Overheads|||||||||||
|Rent and rates|||||||||20,507|23,127|
|Insurance|||||||||3,335|3,928|
|Depreciation<br>offixtures/fittings/equipment|||||||||1,077|1,049|
|Loss on disposal offixed assets|||||||||196||
||||||||||25,115|28,104|
|Administration|||||||||||
|Salaries|||||||||22,724|21,322|
|ITcosts|||||||||4,395|4,144|
|Office communication||costs|||||||2,208|1,623|
|Office Sundries|||||||||413|3,154|
|Payroll costs|||||||||215|210|
|Office travel/<br>transport|||||||||148|148|
|Hospitality|||||||||327|87|
||||||||||30,430|30,688|
|Professional/financial|||||||||||
|Bank charges|||||||||186|238|
|Legal/professional|||||||||589|53|
|(Profit)/loss<br>on exchange|||||||||(2,457)|203|
||||||||||(1,682)|494|
|Governance<br>costs|||||||||||
|Salaries|||||||||22,724|21,322|
|Bookkeeping|||||||||5,208|4,992|
|Auditors'<br>remuneration|||||||||3,815|4,978|
|Board expenses|||||||||622|201|
||||||||||32,369|31,493|
||||||||||86,232|90,779|





||||2023||2022||
|---|---|---|---|---|---|---|
|||Notes|||||
|Fixed assets<br>Tangible assets||||3,231||3,148|
|Current assets<br>Debtors<br>Cash at bank and|in|9|10,065<br>172,057||39,730<br>169,544||
|hand|||182,122||209,274||
|Creditors: amounts|||||||
|falling due within<br>one year||15|11799||29 943||
|Net current assets||||170,323||180,231|
|Net assets||||173554||1113379|
|Unrestricted<br>funds<br>General<br>fund||12||171,877||178,879|
|Restricted funds||13||1,677||4,500|
|Total charity funds||||173,554||133,379|






## 

## 

|||||2023||2022|
|---|---|---|---|---|---|---|
|||Notes|8||||
|Cash provided<br>by (used|||||||
|in) operating<br>activities||15|||803|(4,921)|
|Cash Flows from|||||||
|investing<br>activities|||||||
|Interest income||||609||26|
|Proceeds from sale|offixed||||||
|assets|||||||
|Purchase oftangible|fixed||||||
|assets|||1,356|||2,524|
|Cash provided<br>by|(used||||||
|in) investing<br>activities|||||(747)|(2,498)|
|Cash Flows from|||||||
|financing<br>activities<br>Profit (Loss) on exchange|||2|457||~203|
|Cash provided<br>by (used<br>in) investing<br>activities|||||2 457|~203|
|Increase (decrease)|in cash||||||
|and cash equivalents|in the||||||
|year|||||2,513|(7,622)|
|Cash and cash equivalents|||||||
|at the beginning<br>ofthe year|||||169544|177 166|
|Total cash and cash|||||||
|equivalents<br>at the|end of||||||
|the year|||||172057|169544|





## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

|for the year end|for the year end|ed 31|March 2023|||
|---|---|---|---|---|---|
|Net income for the year is stated||after|charging:|2023|2022f|
|Depreciation<br>oftangible|fixed assets|||1,077|1,049|
|Loss on disposal offixed assets||||196||
|Loss/(Profit)<br>on foreign|exchange|||(2,457)|203|
|Auditors'<br>remuneration|- statutory|audit||3,815|4,000|
|Auditors'<br>remuneration|- other assurance||services||950|



## 

## 

|The trustees received<br>no|remuneratio|n<br>during t|he year (2022 —fnil).|he year (2022 —fnil).|
|---|---|---|---|---|
|The aggregated<br>amount<br>(2022 - fnil).|reimbursed|to trustees|during the year was anil||
|Staffcosts and numbers|||2023<br>f|2022<br>f|
|Staffcosts|||||
|Salaries and wages|||115,931|108,948|
|Social security costs|||7,895|7,317|
|Pension costs|||2,382|2,159|
||||126266|118,424|



## 

|<br>during the|<br> <br><br> year was made up as follows:|||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|Cost ofgenerating<br>funds||0.29|0.29|
|Charitable|activities: Projects|0.95|0.95|
|Charitable|activities: Administration|0.38|0.38|
|Charitable|activities: Governance|0.38|0.38|
|||2.00|2.00|





## 

## 

## 

## 

## 

|corporation<br>tax on its income and gains <br>its charitable<br>activities.|corporation<br>tax on its income and gains <br>its charitable<br>activities.|corporation<br>tax on its income and gains <br>its charitable<br>activities.|to the extent|that these are|applied to|
|---|---|---|---|---|---|
|Fixed assets —tangible assets||||Fixtures/||
||||Circus|fittings/||
||||equipment<br>f|equipment<br>f|Tots I<br>f|
|Cost||||||
|1 April 2022|||1,391|5,301|6,692|
|Additions<br>during|year|||1,356|1,356|
|Disposals<br>during|year|||(1,099)|(1,099)|
|31 March 2023|||1,391|5,558|6,949|
|Depreciation||||||
|1 April 2022|||348|3,196|3,544|
|Disposals<br>during|year|||(903)|(903)|
|Charge for year|||261|816|1,077|
|31 March 2023|||609|3,109|3,718|
|Net book value||||||
|31 March 2023|||782|2,449|3,231|
|31 March 2022|||1,043|2,105|3,148|
|Debtors||||2023f|2022f|
|Trade debtors||||3,596||
|Other debtors||||1,872|3,530|
|Prepayments/accrued||income||4,597|36,200|
|||||10,065|39,730|
|Creditors: amounts||falling due within|one year|2023f|2022f|
|Trade creditors||||4,973|8,797|
|Other taxation/social||security||3,107|2,974|
|Other creditors||||3,719|17,272|
|Accruals/deferred|income|||||
|||||11799|29 043|



## 



## 

## 

## 

||||for the|year ended 31|March 2023|||
|---|---|---|---|---|---|---|---|
|12.|Unrestricted||funds|Brought|Incoming|Outgoing|Carried|
|||||forward<br>f|resources|resources<br>f|forward<br>f|
||2023|||||||
||General|fund||178,879|245,118|252,120|171,877|
||2022 comparative|||||||
||General|fund||156,184|286,330|263,635|178,879|



## 

||rural locations|a|cro|ss the eight countries|ss the eight countries|in May and J|une 2022.||
|---|---|---|---|---|---|---|---|---|
|||||Brought<br>forward<br>f||Incoming<br>resources<br>f|Outgoing<br>resources<br>f|Carried<br>forward<br>f|
||2023||||||||
||Circus Change|Up||4,500||4,000|6,823|1,677|
||Cross Border Rural Touring|||||73,561|73,561||
|||||4|500|77,561|80,384|1,677|
|||||Brought||Incoming|Outgoing|Carried|
|||||forward<br>f||resources<br>f|resources<br>f|forward<br>f|
||2022 comparative||||||||
||Circus Change||Up|||5,000|500|4,500|
||Circus Around|and||About||80,319|80,319||
|||||||85,319|80,819|4,500|
|14.|Analysis ofnet||assets between||funds|General|Restricted|Total|
|||||||fundsf|fundsf|f|
||Fund balances|at 31 March 2023 were|||||||
||represented<br>by:||||||||
||Tangible fixed|assets||||3,231||3,231|
||Current assets|||||180,445<br>1,677||182,122|
||Creditors: amounts|||falling due within one|||||
||year|||||11799||11799|
|||||||171877<br>1 677||173554|





## 

## 

|4|Analysis of net asse|ts between|ts between|ts between|funds (contin|ued)|||
|---|---|---|---|---|---|---|---|---|
||Fund balances at 31|March 2022|||were||||
||represented<br>by:||||||||
||Tangible fixed assets|||||3,148||3,148|
||Current assets|||||204,774|4,500|209,274|
||Creditors: amounts<br>falling due within one||||||||
||year|||||29043|—|29043|
|||||||178879|4 500|183379|
|15.|Reconciliation<br>of net movement<br>in funds to<br>net cash flow from operating<br>activities|||||2023f||2022<br>6|
||Net movement<br>in funds|||||(9,825)||27,195|
||Add back depreciation||charge|||1,077||1,049|
||Add back disposal of|fixed assets||||196|||
||Deduct interest income||shown|in|investing|(609)||(26)|
||activities||||||||
||Add back (profit) loss|on financing|||activities|(2,457)||203|
||Decrease (increase)|in|debtors|||29,665||(20,833)|
||Increase (decrease)<br>in||creditors|||(17,244)||(12,509)|
|||||||803||4,921|