Company number 02650108
Charity number 1101496
Crylng Out Loud Llmlled
(Llmlted by guarantee)
Report and flnanclal statements
for the year ended 31 March 2024

Crying Out Loud Limited
(Limited by guarantee)
Contents
Page
Legal and administrative ii)lomiation
Chair's statement
Artislic Director's inlroduction
Trustees, reporl
6-12
Auditors, report
13-16
Statement of fiiiancial activilies {including income and expeiiditure account> 17 - 19
Balaiice sheet
20
Statemenl of cash flows
21
Notes to the finaiicial stalements
22-28

Crying Out Loud Limited
(Llmlted by guarantee)
Legal and administrative information
Constltutlon
The company is incorporated under the Companies Act, company number 2650108
and its governing document is its Memorandum aiid Articles of Association. The
company is a registered charity, number 1101496.
Directors and trustees
The directors of the charitable company {'the charity,) are its trustees for the purpose
of charity law and throughout Ihis report are collectively referred lo as the trustees.
Trustees are nominated through Ihe process sel out in the Articles of Associalion.
Policies and procedures adopted lor the induction and training of trustees are
ongoing and incorporated indirectly into the regular trustees meetings.
The trustees during the year and since the year-end were:
Billy Ridgers
Cat Harrison (Chair)
Mark Kowalik
Michael Brinton
Tracey Low
Marta Sala Fonl
Sue Daniels
Hai Ly Nguyen (resigned 7 February 2024)
Andrea Sheppard (appointed 8 May 2024)
Anna Polten (appointed 8 May 2024)
Secretary
Rachel Clare
Artislic Director
Rachel Clare
Executlve Director
Sarah Macnee
Auditors
Compass Accountants Limited, Venture House, The Tanneries, East Street,
Titchfield, Hampshire, P014 4AR
Bankers
CAF Bank, 25 Kings Hill Avenue, Kiiigs Hill, Wesl Malling, Kent, ME19 4JQ
Lloyds Bank, 25 Gresham Street, London EC2V 7HN
The Co-operative Baiik PLC, PO Box 250, Skelmersdale, WN8 6 WT
Aldermore Bank PLC, Apex Plaza, Forbury Road, Reading, RG1 1 AX
Reglstered offlce
Venture House, The Tanneries, East Slreet, Titchfield. Hampshire, POI 4 4AR
Operation addresses
Former Pay Ollice, College Road, The Historic Dockyard, Portsmouth, P013LJ
Somerset House, Strand, London, WC2R 1 LA

Crying Out Loud Limited
(Limited by guarantee)
Chair's statement
During 2023124, Crying Out Loud (COL) built on their creative and connection-
making abilities to successfully drive their new ventures of forming a consortium wilh
Tliird Version Creative (TVC) and moving its main base to Portsmouth.
With the recruitmeiit of a Solent-based leam including producer Lucy Babb and Iwo
iiew trustees, alongside a warm welcome inlo their new home from Sustainable
CoiiseNation Trust, COL conlinue to embed thernselves into the cultural sector in
aiid around Portsmouth al every opportunily through a Solent-based programme of
activities.
Tlie new consortium with TVC has allowed Sud Basu's impressive portfolio of global
projects to inspire Ihe COL team, and the coiisorlium lias also benefited from Sud's
parlicipation iii ali international "Green School" run by the European network IETM.
Working closely togellier, TVC and COL started exploring partners for a pioneering
new model, Carousel, which will facililale long-term connectioiis between artists and
festivals across the world whilst addressing Ilie ecoiiomic, climate aiid social impacts
Iradilional touriiig models can have.
These significant shilts for COL have been achieved witli a carefully managed use ol
a small amount of reserves, whilst also delivering the charity's trademark high-qualily
projects, includiiig touring through south-wesl rural iielworks as well as presenting
international work across Ilie UK aiid iiilernationa15y. Artistic Director Racliel Clare
also contiiiues to build her reputatioii as a world-class representalive of the UK
circus scene and a mentor lo artisls working in circus and visual perforrnance.
11 is with great aiiticipatioii thal the trustees and I see how that work blossoms over
the next year.
Cal Harrlson
Chair
5 November 2024

Crying Out Loud Llmlted
(Limited by guarantee)
Artistic Diyector's introduction
The year 2023124 marked the start of a new approach and new partnerships. We
were delighted to expand our team to include Lucy Babb as our Solent Programme
Producer. She hit the ground running at the start of Ihe year and has exlended our
Solent connections and opportunities dramatically. We would also like to Ihank our
Portsmouth parlner, the Sustainable Conseniation Trust for their warmth and
generosity with both space and connections.
On 1 July 2024 Crying Out Loud {COL) and Third Version Creative (TVC) formally
began their three-year parlnership - lo strengthen connections and understanding
through cross cultural collaboration. It is a delight to be able to discuss early-stage
ideas and approaches with TVC'S director, Sud Basu, as we develop our
independent programmes as well as our work logether.
The work that encompasses the way we like to collaborale has been Taroo - a work
that combines storylelling and circus (including Chinese pole, parkour and wheelie
bins) with public engagement. The international artist who created the piece, Said
Mouhssine, collaborated with UK-based movement director, Aline David and
Porlsmouth based arlist Sasha Biloshisky. Working with Sasha's organisation, Funk
Format in Portsmoutli, plus Shubbak Festival and the Babylon Migranls Projecl in
London, Said provided upskilling workshops for young people in a range of settings
and schools in both London and Porismoulh. Taroo was presented outdoors in
London, Veninor {Isle of Wight) and Liverpool. Sadly, the Porlsmouth presentation
was cancelled due to bad weather. Sasha and Said are continuing to collaborate wilh
us on future work.
I would like lo shine a light on the artists Ihat I have the pleasure of mentoring. I have
been delighted to observe and supporl Iheir creative journeys and particularly those
of Laura Moy, Lu Wong and Tilly Lee-Kronick. These are all perlorming artists that
we have previously worked with and who are now developing their own original work.
I have also been fortunale to have been part of Iwo formal European mentoring
schemes: Bounce run by Circoslrada and another EU funded programme of work
called the New Horizons Leadership Programme. Through these schemes I have
met and rnenlored the Ghanaian artist Elisabeth Efua Sutherland and the Hungarian
artist Sophie Zolelnik. Sophie ran a workshop for our artists, lab day in Bristol at the
start of our Circus Arouiid and About rural touring project (delivered in partnership
with Take Art and Extraordinary Bodies). Sophie also shared her work-in-progress
with Circomedia students.
As our programme develops, we look forward to forging new partnerships alongside
currenl parlners, championing more artists, and supporling them create original
works around the Solent and elsewhere.
Rachel Clare
Artistlc Dlrector
5 November 2024

Crying Out Loud Llmited
(Limited by guarantee)
Trustees. report
The trustees are pleased to presenl Iheir annual directors, report together with the
fiiiancial statements for tlie year ending 31 Marcli 2024 wliich are also prepared to
meet tlie requirements for a directors, report and accouiits for Cornpanies Act
purposes.
The legal and administralive information set out on page 3 lorrns part ol this reporl.
The financial statements comply wilh the Charities Act 2011, the Compaiiies Act
2006, the Memorandum and Articles of Association, and Accounting and Reportiiig
by Charities: Stalemenl of Recommended Praclice applicable to charities prepariiig
Ilieir accouiits in accordance witli the Financial Reporliiig Standard applicable in the
UK and Republic of Ireland (FRS 102) {elfective 1 January 2015).
Prlnclpal actlvlty
Tlie principal aclivily of the charily is to cornmission, produce and present live
contemporary performances and iiiteractive events for audiences ol all ages.
Objectlves and actlvltles for the publlc beneflt
Tlie Iruslees confirm Ihat they liave complied with the duty in sectioii 17 of the
Cliarities Act 2011 aiid referred to the guidance contained in the Cliarity
Commissioii's general guidance on public benefit when reviewing the charity's aims
and objectives and in planiiiiig lulure activilies.
Benefit to the public
Crying Out Loud {COL) are pioneering creative producers, iiurturiiig artists working in
contemporary visual tlieatre often iii the fiekls of circus, physical theatre and
iiistallation. We programme memorable events for audiences ol all ages and abilities
at festivals, iii venues arid for site specilic performance iii the UK. As a iietwork
leader we work iiilernalioiially, advocating for artists and contemporary perlormance
by making conneclions, initiating collaborations and creating opportuiiities iii the UK
and Europe.
From 1 July 2023, we entered into a iiew and long-term partnersliip with Tliird
Version Creative {TVC) foLinded by independent producer, Sud Basu, As parl of this,
we developed a collective vision and straiegic aims to supporl our work. Additionally,
we moved the maiii base for our work to Portsmouth.
The Collective Vision
To slreiigthen coiinections and understanding across cultures through world-class,
relevant aiid diverse conlemporary visual tlieatre and innovative interdiscipliiiary
work.
The Strate
ic Pro
ramme Aims
Producing Commissioning & Presenting New Work
Support Ilie creation and manifestation of new visual tlieatre and interdisciplinary
work that disrupts cultural norms, collaborates across bouiidaries and enables
audiences lo engage with world class work

Crying Out Loud Llmited
(Limited by guarantee)
Supporling Innovalive Artistic Practice
Enable international artists to progress and develop their individual practice through
the development of global residency schemes, skills development and innovative
touring practice
Enabling Critical Global Dialogues
Strengthen global sector infrastructure, cultural and creative exchaiige through
brokering, menioring and networking, with a focus on connecting arlists and
audiences across nations and global borders.
Embedding Sector Knowledge & Skills in Ihe Solent area
Strengthen and diversify the infrastructure {artists, producers and presenting
pariners) to support stronger engagement and aclivity in visual theatre and
interdisciplinary practice, prioritising areas ol low cultural engagement
The activities detailed below evidence key achievements lor Ihe year in relation to
the strategic aims staled above.
Aim 1 . Producin
Commissionin
& Presentin
New Work
Taroo by Company Zid (Said Mouhssine)
Taroo is a work that combiiies storytelling, circus {including Chinese pole, parkour
and wheelie bins) witli public engagement.11 is led by Moroccan artist Said
Mouhssine and supported by UK based 'outside eye, Aline David. COL built on
development work in 2023124 and it was presented in parlnership with the Shubbak
Festival and the Liverpool Arab Arts Festival. Alongside the performances in London,
Said Mouhssine worked with participants from the Babylon Migrants Project and
gave four workshops for two schools and Iwo community groups.
Early development work began in Bradford, where the work will have a new iteration
in 2024125.
Blame Game by Kundle Cru
Following its UK premier in 2022 and UK tour in 2023, COL presented Blame Game,
together wilh a masterclass by the artists, at Composé Festival in Jena, Germany,
Rural Touring in the Soulh West
Partners Take Arl, Diverse City and COL successfully bid for ACE funding to further
develop the rural touriiig of original circus works in soulh-wesl England. In autumn
2023 five works were selected following an open call. In early 2024 there was a focus
on artists, developmenl to support the lour, including an arlists, lab day. The first tour
(pre-selected due to time) was in March 2024.
Co-Gommissioned works
The second development phase ol new work, Anchored in Airby Head Over Wheels
was co-commissioned by COL and Head Over Wheels was then successful in
attracting further support from Arts Council England (ACE> and Without Walls. The
work is being created by aerialist and performer Tilly Lee-Kronick (who is also
mentored by COL'S artistic director, Rachel Clare) with drummer and aerial
wheelchair arlist Jonny Leitch and double bass player and acrobat Phoebe Knight,
Works in Developmenl
TVC began developing four works: a rnultidisciplinary installation work for healthcare
settings with Dalija Acin Thelander; a new dance work with Susan Kempster,, Prima,
a participatory interdisciplinary work focusing on movemenl and music lor teenagers

Crying Out Loud Limited
(Llmlted by guarantee)
with Czech artist Viktor ternicky. and an eiivironmentally themed outdoor work wilh
tlie French based socially engaged artist collective Lucy aiid Jorge Orta. TVC has
also supported a South Alricaii theatre collective form new partnership offers in the
north-east of Eiigland - and has commenced ai) exploration into a transnational
interdisciplinary work connecting South Africa, UK and Ihe Middle East.
Airn 2: Su
ortin
Iiinovative Artistic Praclice
COL and TVC scoped an initial global residency scheme, known as the Carousel
Approach aiid have had many discussions with a range of interiiational parlners.
COL and TVC also worked with independent coiisullant and former British Council
manager Andrew Jones in order to stretch the partnership net even lurlher.
TVC has completed a Ihree-monih collaboralive project called Green Scliool, led by
the international network organisation Internalional Network for Performing Arts
(IETM). This explored clirnate justice, global tools and approaches in understanding.
Tlie project brought together 25 artisls, organisations and producers witli a view to
sharing and finding opportunities to collaborate in developing future ideas.
Bolli TVC and COL are now developing Iwo pilot projects of the Carousel Approach
to take forward with parlners.
Aim 3: Enablin
Critical Global Dialo
ues
Circus Change UP
Following two years of activities developing this network, with support from ACE, a
day-long public forum meeting on Ilie future of the Circus Change UP ne￿Ork was
held as part ol Circus Cily Bristol in October
Networklng and brokerlng
Activities included,
attending Fresh 2023, the Circostrada conference wliere Rachel was a
represeiitative ol the comrnittee thal devised the programme. Rachel
iiilroduced Sarah Maddeii from ACE lo her iielwork
attendiiig the Circa feslival in Auch for pitch presentalions and iielworking
sessions as well as championing UK artists iiicludiiig Revel Puck Circus to
internalioiial promoters aiid festivals
proposiiig some UK based artists lo Britisli Coui)cil Paris 10 be part of the UK
France 2024 outdoor eveiiis programme as part of the Cultural Olympiad,
small and large scale
holding discussioiis witli Judita Strumilailé, Artistic Director of SPOT, urban
arts festival in Vilnius, Lithuaiiia to explore a potential presentation of Èeiko
Dance Company in 2024125126
ongoing dialogues witli Kingsley Ng (Hong Kong) and UK programrners
arouiid potential presentation ol Over the Ocean in addition to Solent based
discussions
Mentoring
Activities included:
Rachel completiiig her mentoring wilh Ghaiiaian artisl and arts centre director
Elisabelh Efua Sullierland in Accra as part of Circostrada's mentoring
programme Bouiice
Rachel mentoriiig Sophie Zoletnik from Hungary as parl of the EU funded
New Horizons Leadersliip Programme, including a trip lo Sweden for the kick-

Crying Out Loud Llmlted
(Llmlted by guaranlee)
off meeting, a trip by Sophie to Bristol and London to rneet UK circus arlists
and producers, and a second trip lo Bristol to present a work-in-progress and
to lead part of the lab lor rural touring artisls
TVC commencing a collaborative partnersliip projecl with Pickle Factory
(India) aiid Shoorya Space (India) to develop a support scheme for Producers
and Self Producing Artists across the Indian Sub-continent. Discussions have
taken place to define the scheme structure, Ihe additional voices to include in
the sessions, plus opportunities to make future connections between India
and UK based practices
Sud Basu continuing to mentor UK based arlists Brian Lobel, Dominic Allen,
Kalider and Nandita Shankardass and UK programmer Matthew Cook
Rachel continuing to mentor UK based artists Lu Wong, Tilly Lee-Kronick and
Revel Puck Circus
Aim 4: Embeddin
Sector Knowled e & Skills in the Solent area
Taroo by Company Zid
Alongside the national workshops and presentations of Taroo, COL also connected
Company Zid and Aline David with Portsmouth based artisl Sasha Biloshisky and his
company Funk Format. In addition lo the Iwo performances of Taroo as parl of
Venlnor Fringe on the Isle ol Wight, Said provided seven upskilling workshops for
Funk Format and a range of schools and comrnunity centres in Portsmoutli. Sadly,
Ihe performance in Portsmouth was cancelled due to bad weather.
Researchlng Solenl-based artists and pariners
With the appointment of Lucy Babb as our Programme Producer (Solenl) in April
2023, COL has embedded itself in the seclor through one-to-one meetings willi local
arls organisations and local artists as well as attending a wide range of networking
events, We now have links with around six arlislslarls companies that are of
parlicular interest as well as developing relationships with around fourteen Solent-
based creative organisations.
Developlng connections between Soleni area and nationallinternatlonal artists
and work
From COL'S connecling aclivities, COL has secured partnerships for Revel Puck
Circus in Gosporl and Isle of Wight and this has contributed, alongside COL'S
support, to a successful ACE funding application.
COL and TVC are also developing local partners to support a potential presentation
of Over the Ocean by Hong Kong arlists Kingsley Ng and Stephanie Cheung in the
Historic Dockyard in Portsmouth in summer 2025. Kingsley is a rnedia artist
specialising in interdisciplinary. context-specific, and experiential work, and Associate
Professor al Ihe Academy of Visual Arls, Hong Kong Baptist University. This is
funding dependent and will also need a wider tour to be viable.
COL has also made valuable inlroductions between:
1 . Portsmouth artist Josh Breach with London artists Nikki and JD, resulting in
Josh securing some work with them
2. Gandini Juggling with New Theatre Royal where they partnered to run open
workshops at the Victorious Festival
3. Jon Hicks with the Vicloria Park Family Fun Day in Portsmouth where he
presented his work

Crylng Out Loud Limited
(Limited by guarantee)
Seed support and talent development opportunities
Iii additioii to tlie Taroo workshops, Lucy worked witli arlisls Thorne Bailey, Sasha
Biloshisky aiid Beau Wlieeler on developing and delivering four pilot sessioiis for
KS3 students on 'creative careers iii visuav physical tlieatre, in parlnership with tlie
Isle of Wighl Cullural Education Partnerships. This will lead to further sessions with
other Creative Educatioii Partnerships in the Solent area.
Rachel has beguii to mentor artist Sam Bossman from the Isle of Wight.
Numbers of
audiences
erlorrnances sliows residencies worksho
artic
ants aiid
During tlie year COL presented 18 performances of five differeiit shows to 15,059
people in Eiigland plus ali estimated 340 in Ihe rest of the world. COL delivered 14
iiiformal learning sessions with 187 participaiits, co-commissioned one new sliow
and delivered one residency wilh two iiidividual artists.
Structure, governance and management
Governin
documenl
Cryiiig Out Loud Limited is a company limited by guarantee governed by its
Memorandum and Articles of Association. It is registered as a charily willi the Charity
Commissioii.
oiiitment of trustees
Trustees are nomiiiated Ilirough tlie process set out in the Articles of Associatioii.
Induction aiid Irainin
of Irustees
New trustees have all observed a minimum of oiie board meeting prior to their
appoiiilment.
Tliey are provided with informalion on Crying Out Loud Limited and their
responsibilities, iiicluding recent fiiiancial performance, artistic activity and the
Memoraiidum and Articles ol Associaiion. Most trustee nomiiialions are people who
liave seen COL'S work over a period of lime and have a broad kiiowledge of the
cliarity's aims and objectives. The remaining trustees are souglil lo cover particular
areas of experlise Ihat would be valuable to Ihe orgaiiisation and the Board. Trustees
are welcome to attend all COL performances, and most produclions are seen by
some of them.
anisation
The board of Irustees administers the charity. The Board rneets quarterly bul cali
liave sub-committees covering areas sucli as eiivironmental sustainability,
development and finances, meeting more regularly.
The Artistic Director is appoiiited by the truslees lo manage tlie day-to-day
operations of Ihe cliarily, working alongside the Executive Direclor. To facilitate
efleclive operations, the Artislic Director has delegated autliority, within terms of
delegation approved by the trustees, lor operational matters includiiig finaiice,
employment and artistic performance related aclivity.
Mana
ement and or
anisational chan
es
The 2023124 COL and Consorlium Business Plan provKJed the backbone for COL'S
activities and a new plan for 2024125 has been written, with policies and action plans
reviewed. Our three-year fuiiding as part ol ACE'S National Portfolio begaii on 1
10

Crylng Out Loud Limlted
(Limited by guarantee)
April 2023. This lunding is for support of COL and Consortium activities, our
consortium partner being Third Version Creative (TVC). COL is the lead partner and
receives the funding on behalf of the partnership. The £307,488 annual funding
includes an uplift to support a more strategic engagement wilh the Solent area.
Financial review
Core funding provided by ACE for the year was £307,488 (2023: £215,103). In the
year the resources expended of £351 ,903 exceeded the incoming resources of
£337,398 by £14,505.
A lull explanation of restricted resources is provided in Note 13 on page 27. The
unrestricted resources expended of £347,608 exceeded the unrestricted incoming
resources of £334,542 by £13,066.
At the balance sheet date, the nel assels of Ihe company were £159,049,
COL operates a policy of maintaining reserves equivalent to six months support
costs and resources expended on managing and adminislrating the charitable
company, excluding those lunds represented by fixed assets. We believe that this
should provide suflicient resources to respond to unexpected adverse changes in Ihe
charitable company's aclivilies. At 31 March 2023 COL had a total of unrestricted
reserves in ils General Fund of £150,476 to carry forward into 2024125, significantly
higher tlian those needed to support the reserves policy. It is likely that the reserves
will reduce further during 2024125.
Iii any one year, we may earmark unrestricled general funds for a particular project
or to use as designaled funds. The reasons for the setting up of such funds, the
policy for any transfers between funds, and allocalion lo or frorn designated funds,
are stated in Note 12 to the accounts.
Plans for future
eriods
Core funding from ACE of COL and Consorlium activity lias been gianled until 31
March 2026. The strategic aims remain Ihe sarne.
Our planned aclivilies include: researching and supporting Solent based artists and
partners. developing and delivering Solenl-based support schemes includiiig training
with Revel Puck Circus, arlists, workshops and seed funding,. connecting Solent
artists and organisations nationally and internationally; presenliiig Taroo in Bradlord.
supporting future presentations of COL co-commissions {AnGhored in Air, l Am. Am I,
Foolprint in the Snow) nationally and internationally; supporting the delivery of rural
touring through Circus Around and About 2 in south west England; supporting
international presentations of courvc supported work; developing and delivering
the first pilot Carousel residency. as well as continuing to network wilhin the crealive
sector, brokering opportunilies, and mentoring artists and their work.
As a small company, we remain in a posilion to adapt and flex to maximise
possibilities. Our core funding is sufficient to fund our overheads, and our reserves
allow us to take some risks on moving activities forward il circumstances change
without much notice.
'or risks
The trustees have conducted a risk analysis to identify the major risks lo which the
company is exposed. Systems have been put in place to mitigate these risks
whereby the risks are reviewed al the truslees, meetings.
11

Crying Out Loud Limited
(Limlted by guarantee)
Trustees, res
onsibililies slatement
The trustees (wlio are also directors ol Crying Out Loud Limited for Ilie purposes of
company law) are responsible for preparing the truslees, report and the financial
statements in accordance with applicable law and United Kingdom Accounling
Standards (Uiiited Kiiigdom Generally Accepted Accounling Practice).
Company law requires the trustees to prepare financial statements for eacli financial
year. Under that law the trustees musl prepare Ilie financial statements iii
accorda11ce witli Uiiiled Kiiigdom Generally Accepted Accounting Practice (Uiiited
Kingdom Accounting Standards and applicable law). Under cornpany law the
trustees must nol approve Ihe finaiicial statements unless they are satisfied that tliey
give a Irue and fair view of the state of affairs of the charitable company aiid of the
incomiiig resources and application of resources, including tlie iiicome aiid
expenditure, ol the charitable company for Ihal period. In preparing these financial
slatemeiits, the Iruslees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates tlial are reasonable and prudent
state whether applicable UK Accouiiting Slandards have been followed,
subjecl to aiiy material departures disclosed and explained in tlie finaiicial
statements.,
prepare the fiiiancial stalements oli a going concern basis uiiless it is
inappropriate to presume Ihal tlie charitable company will coiitiiiue in
operatioii
Tlie trustees are responsible for keeping proper accounling records wliicli disclose
witli reasonable accuracy al any time the finaiicial position of the charilable company
and wliicli enable tliem to eiisure Ihal the financial statements comply wilh tlie
Compaiiies Act 2006. They are also responsible for safeguarding Ilie assets of Ilie
charitable compaiiy aiid hence for taking reasonable steps lor Ihe preveiilion and
deleclioii of fraud ai)d other irregularilies.
In so far as the Irustees are aware:
tliere is no relevant audit informalioii (as defined by section 418{3} of the
Companies Acl 2006) of wliich the charitable compaiiy's auditor is unaware;
and
tlie trustees liave taken all steps tliat they ought to have taken to make
themselves aware of any relevanl audit iiiformalion and lo eslablish tliat the
audilor is aware of Ihat iiiformation.
Small company exempllons
The above report has been prepared iii accordance with the special provisions
relating to companies subject to the small companies regirne within Part 15 of the
Companies Act 2006.
Tliis report was approved by tlie board of trustees on 5 November 2024 and signed
on ils behalf by
Cal Harrlson (Chair)
Trustee
12

Crying Out Loud Limlted
(Llmlted by guarantee)
Independent audltors, report to the members ol Crylng Out Loud Limited
Opinion
We have audited the financial statements of Crying Out Loud Limited (the 'charitable
company,) for the year ended 31 March 2024 which comprise the statement of
financial activities, balance sheet, slaternent of cash flows and notes to the financial
statements, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and
United Kingdorn Accounting Standards. including Finaiicial Reporting Standard 102
The Financial Reporling Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
give a true aiid fair view of the state of the charitable company's affairs as al 31
March 2024 and of its incoming resources and application ol resources,
including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally
Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act
2006.
Basls of oplnlon
We conducted our audil in accordance with Internatioiial Standards on Auditing (UK)
and applicable law. Our responsibilities under those standards are furlher described
in the Audilor's responsibilities lor the audit of Ihe financial slalements section of our
report. We are independent of the charitable company in accordance with the ethical
requiremenls thal are relevant to our audil 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 Iliat the audit
evidence we have obtained is sufficient and appropriale to provide a basis for our
opinion.
Conclusions relating to golng concern
In auditing the financial statements, we have concluded that the Irustees, use of the
going concern basis of accounting in the preparalion of the financial statements is
appropriate.
Based on Ihe work we have performed. we have not idenlified any malerial
uncerlainties relating to events or conditions that, individually or colleclively, may
cast significant doubt on the entily's ability lo conlinue as a going concern for a
period of at least Iwelve moiiths from when the financial statemenls are authorised
for issue.
Our responsibilities and the responsibilities of the trustees wilh respect to going
concern are described in the relevant sections ol this report.
Other Inlormalion
The trustees are responsible lor the other inforrnation. The other inforrnation
cornprises the information included in tlie annual report other than the financial
statemeiits and our auditor's report Ihereon. Our opinion on the financial slalements
13

Crylng Out Loud Limited
(Limiled by guarantee)
does not cover the other information and, excepl to the extenl otlierwise explicitly
stated in our report, we do not express any form of assuraiice conclusion tliereon. In
coniieclion with our audit ol Ilie linancial statements, our respoiisibilily is to read the
otlier informatioii and, iii doing so, consider whelher the Olher information is
materially inconsisteiit with tlie finaiicial statemeiits, or our kiiowledge obtained in
the audit or olherwise appears to be materially misstated. If we ideiilify such material
inconsistencies or apparent material misstatemeiits, we are required to determiiie
whetlier tliere is a material misstaiemenl iii the linancial statemeiiis or a material
misstatemenl of the other information. 11, based on tlie work we have performed, we
conclude that there is a material rnisstatemenl of this other information, we are
required to report that fact.
We have nothing to report in this regard.
Oplnions on other malters pr8scrlbed by the Companles Act 2006
In our opiiiion, based on Ihe work undertaken in the course of the audit:
the iiiformation given in the trustees, report, which includes the directors. reporl
prepared for company law purposes, for Ihe fiiiancial year for which the finaiicial
statements are prepared is coiisistent with the financial statements; and
tlie direclors, report included within tlie Iruslees, report has been prepared in
accordance with applicable legal requirements.
Matters on whlch we are requlred to report by exc8Ptlon
In the liglit of the knowledge and understanding of tlie charilable cornpany and its
eiivironment obtained iii Ihe course of the audit, we have not idenlified material
mlsstatemeiits in Ihe trustees, report.
We have nothing to report iii respect of the following matters in relation to which tlie
Companies Act 2006 requires us to report lo you if, iii our opinioii..
adequate accounting records have not been kept, or returns adequale for our
audit liave iiot been received from braiiches not visited by us; or
tlie finaiicial statemeiils are not in agreement with the accounting records and
returiis; or
cerlain disclosures of trustees, remuneralion specilied by law are nol made. or
we have not received all the information ai)d explaiiaiions we require for our
audit.
Responslbllltles of trustees
As explained more fully iii Ilie Irustees, respoiisibilities statement set out on page 13,
the truslees (who are also tlie direclors of tlie charitable compaiiy for Ilie purposes of
compaiiy law) are responsible for the preparation ol Ihe financial slalements aiid for
being satisfied Iliat they give a true and fair view, and lor sucli iiilernal coiitrol as tlie
trustees determine is necessary to enable the preparatioii of fiiiancial statements tliat
are free from rnaterial rnisstatement, whether due lo fraud or error.
In prepariiig the linaiicial statements, the trustees are responsible for assessing the
charilable compaiiy's ability to continue as a going concern, disclosing, as
applicable, matlers related to goiiig concern and usiiig the goiiig coiicern basis of
accounting unless the Irustees either intend to liquidate the charitable company or lo
cease operatioiis, or have no realistic alternative but to do so.
14

Crying Oul Loud Llmlted
(Llmlted by guarantee)
Auditor's responslbllltles lor the audit of the linancial statements
We have been appointed as auditor under the Companies Act 2006 and report in
accordance with this Act.
Our objectives are to obtain reasonable assurance about whether the financial
statements as a whole are free from material misstalement, whether due to fraud or
error, and to issue an auditor's reporl 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 Ihe
economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and
regulations. We design procedures in line wilh our responsibilities, outlined above, to
detect material misstalements in respect ol irregularities, including fraud. The extent
to which our procedures are capable of detecling irregularities, including fraud is
detailed below:
We gained an understanding of the legal and regulatory framework applicable lo
the company and the sector in which it operates Ihrough discussions with
management, sector researcli, and the application of relevant audit knowledge
and experience
We made enquiries of management around actual and potential litigation and
claims
We made enquiries of management and relevanl slafl, and designed our audit
procedures, including reviewing financial statement disclosures and testing of
supporting documentation, to assess compliance with applicable laws and
regulations. We focussed on laws and regulations which could give rise to
material misslalement in Ilie financial statements including, but not limited lo, the
Companies Acl 2006, the Charities Act 2011, the Charilies SORP, and the
Financial Reporting Standard 102
We identified Ihe risk of material misstaternent of the financial slatemeiils due to
fraud aiid designed audit procedures to respond to Ihe risk. We performed audit
procedures designed to address the risk ol fraud arising from management
override of controls. including, but not limited lo, lesling of journal entries and
other adjuslments, reviewing accounting eslimales for evidence of bias, and
evaluating the business rationale of significant transactions outside the normal
course of business.
Because of the inherenl limitations of an audit, Ihere is a risk that we will not detect
all irregularilies, including those leading to a material misstalement in the accounts or
non-compliance with regulation. This risk increases the more that compliance with a
law or regulation is removed from the events and transactions reflected in Ihe
accounts, as we will be less likely to become aware of instances ol non-compliance.
The risk is also greater regarding irregularilies occurring due to fraud rather than
error, as fraud involves intentional concealment, forgery, collusion, ornission or
misrepresentalion.
A furlher description of our responsibilities for the audit of Ihe financial statements is
located on the Finaiicial Reporting Council's website at..
h1tps.llwww.frc.org.u￿audlt0rsreSponSlb1lI1leS this description forms part of our
auditor's report.
15

Crying Out Loud Limited
(Limiled by guarantee)
Use of our report
This reporl is made solely to tlie charitable company's members, as a body, in
accordance with Chapter 3 of Parl 16 01 the Companies Acl 2006. Our audit work
has been underlaken so that we miglit state to the charitable company's members
those matters we are required to state lo them in an auditor's reporl arid for iio other
purpose, To the fullest extenl permitted by law, we do iiot accept or assume
respoiisibilily to anyone ollier than tlie charitable company arid the cliaritable
compaiiy's members as a body, for our audit work, for this reporl, or for the opinions
we have formed.
Kerry Lawrance FCA
Senlor Statutory Audltor
For and on behall ol Compass Accountants Llmlted, Statutory Auditor
Venture House, The Taiineries
East Street
Titchf ield
Hampshire
P014 4AR
Date: bcCL74Q￿ ZCQ
16

Statement of financial activities (Includlng Income and expenditure account)
for the year ended 31 March 2024
Unro$lrl¢ted ReBtrlcted
funds
funds
2024
Total
Unrestrlcted Reslrlcted
fund$
fund8
2023
Total
Notes
Incomlng resources
Incomlng resources from generated funds:
Voluntary income
Inveslment income- bank
interest
Incoming resources from charilable
activities:
Thealrlcal income
Project specrfic funding
Total Incomlng resources
307.574
307.574
215,103
215,103
2,705
2,705
609
609
18.471
5,792
334,542
18.471
8,648
337,398
29,406
73,561
4,000
77,561
102,967
4,000
322,679
2,856
2,856
245,118
Resources expended
Cost of gen8ratlng funds
Fundraising costs
Charitable activities
Productlonlprojecl costs
Support costs
Total resources expended
28,641
28,641
24,548
24,548
223,418
95,549
347,608
4,295
227,713
95,549
351,903
141,340
86,232
252,120
80,384
221,724
86,232
332,S04
4,295
80,384
Net movement In funds
Net Incomel(expendltura> for tha
year
(13,066) (1,439) (14,505)
(7,002) (2,823) {9,825>
Total funds brought forward
171,877
173,554
178,879
4,500
183,379
Total funds Carrled forward
14
158,811
238
159,049
171,877
4,677
173,554
The notes on pages 22 to 28 form an integral part of these financial statemenls.
17

Crying Out Loud Limited
(Llmlted by guarantee)
Year ended 31 March 2024
2024
2023
Incoming resources
Incoming resources from generated funds
Voluntary Income
Grants
ACE- main
Sponsorship
Donations
307,488
215,103
86
307,574
215,103
Incomlng resources from charltable actlvltles
Theatrical income
Performance fees
Education Fees
Project fees
Expenses reimbursed
Other income
12.213
646
913
4,699
21,277
43
78,499
3,148
18,471
102,967
Project speclfl¢ fundlng
Grant: ACE - Managed Funds
Grant: Local authority
Grant: Trusv FoLJndation
Third Version Creative
Other project funding
1,000
50D
1.356
5,000
792
8,648
4,000
4,000
18

Crylng Out Loud Limlted
(Llmlted by guarantee)
Year ended 31 March 2024
2024
2023
Costs ol
eneratln
Fundraising
Salaries and fees
funds
28,641
28,641
24,548
24.548
Charilable activities
Pyoduction and activity costs
Projecl development and presentation fees
Project workshopl education fees
Consortium partner fees - Third Version Creative
Project development and presentalion costs
Project worksliopl education costs
Project team travel and transport costs
Project team accommodation and subsistence costs
Project marketing, documentation and evaluation cosls
COL team - activity cost of employment and fees
COL team project travel, accommodation and subsistence
COL activity supporl and markeling costs
39,242
4,796
35,625
4.864
633
9,648
7,674
2,593
94,991
9,764
17,883
227,713
85,464
190
4,780
450
21,089
17,682
6,262
66,238
10,012
9,557
221,724
Support cosls
Overheads
Rent and rates
Insurance
Depreciation of fixtureslfiltingslequipment
Loss on disposal of fixed assets
18,618
3,543
1,123
20,507
3.335
1,077
196
25,115
23,284
Administration
Salaries
IT costs
Office communication costs
Office Sundries
Office travell transport
Hospitalily
25,459
4,286
1,793
959
2,469
22,724
4,395
2.208
413
148
327
30,215
34,966
Professional/financial
Bank charges
Legallprofessional
(Profit)Iloss on exchange
185
53
1.595
1,833
186
589
(2,457)
11 ,682)
Governance costs
Salaries
Bookkeeping
Auditors, remuneration
Board expenses
25,459
5,832
3.265
910
35.466
22,724
5,423
3.815
622
32,584
95.549
86,232
19

Crying Out Loud Llmlted
(Llmlted by guarantee)
Company number 2650108
Balance sheet
31 March 2024
2024
2023
Noies
Fixed assets
Taiigible assets
3,372
3.231
Current assets
Debtors
Casli at bank arid in
liand
11,461
169,801
10,065
172,057
181,262
182,122
Creditors: amounts
lalllng due withln
one year
10
25,585
11,799
Net current assets
155,677
170,323
Net assets
159,049
173,554
Unrestricted lunds
Designated fund
General fuiid
12
8,335
150,476
171,877
Restrlcled funds
13
238
1,677
Total charity funds
159,049
173,554
These financial slatements liave beeii prepared in accordaiice willi the special
provisioiis relating to Ihe small companies. regime withiii Part 15 of Ihe Companies
Act 2006,
Tlie finaiicial slatemenls were approved by the board of trustees on 5 November
2024 and sigiied on its behalf by
Cat Harrison (Chair)
Trustee
Bllly Ridger
Trustee
The notes oli pages 24 10 28 form an integral part of these financial statements.
20

Crying Out Loud Limited
(Limlted by guarantee)
Statem8nt ol Cash Flows
For year endlng 31 March 2024
2024
2023
Notes
Cash provlded by (used
In) operating actlvities
15
(2,102)
803
Cash Flows from
invesling actlvltles
Interest income
Proceeds from sale of fixed
assets
Purchase of tangible fixed
assets
Cash provlded by (used
In) Investing activilles
2.705
609
1,264
1,356
1,441
(747)
Cash Flows from
financing actlvltles
Profit (Loss) on exchange
Cash provld8d by (used
In) Investlng activities
1.595
2.457
1,595
Increase (decrease) in cash
and cash equivalents in the
year
(2,256)
2,513
Cash and cash equivalents
at the beginning of Ihe year
172057
169,544
Total cash and cash
equivalents at the end of
the year
169,801
172,057
21

Crying Out Loud Limited
(Limited by guarantee)
Notes to the financial statements
lor the year ended 31 March 2024
Accounting pollcles
statutory information
The cliarity is a private company limited by guarantee witli no share capital,
domiciled iii England and Wales, registration number 02650108. In the event
of tlie charity being wound up the liability iii respect of tlie guaranlee is
restricted to £1 per rnember of the company.
The address of its regislered oflice is Veiiture House. The Taiineries, East
Street, Titchfield, Hampshire, P014 4AR.
Tlie charity meets tlie defiiiilion of a public benefit entily under FRS102.
Tlie presentation currency is £ Slerling.
Basls of preparlng the financial statements
The fiiiancial slatements are prepared under the historical cost convention,
Companies Act 2006, Charities Acl 2011 (FRS 102) aiid the Charities
Statement of Recommended Practice {SORP2019). The Trustees liave
evalualed tlie fuiiding and operaling activities and reserves position aiid have
iio material uiicertainlies aboul the Cliarily's ability to continue as a going
coiicern.
Incomlng resources
All incoming resources are included in the statement of financial activilies
when tlie charity is legally entilled lo the income and tlie amouiit can be
quanlified willi reasonable accuracy.
Incornlng resources Irom generated funds
Granlslspoiisorsliipldonations are recogiiised in incoming resources in Ihe
year iii which they are receivable, except as follows:
> wheii donors specify tlial grantsldonalions given to Ihe cliarity must
be used iii future accouiiling periods. Ilie income is deferred until
tliose periods
> wheii doiiors irnpose condilions, which have to be fulfilled before the
cliarily becomes eiititled lo use such income, the income is deferred
and nol included in incoming resources uniil the preconditions lor use
are met
Inveslment iiicorne is recognised on an accruals basis.
Donated services and facilities are iiicluded at the value lo the charity wliere
this can be quanlified. The value of services provided by volunteers has iiot
been included in Iliese accounls.
Incomlng resources from charitable actlvltles
Tliealrical income - income from box office, performance fees and sundry
otlier theatrical iiicome is included in iiicomiiig resources in the period in
wliich tlie relevant show takes place
22

Crylng Out Loud Llmlted
(Limited by guaranlee)
Noles to the linancial slatements
lor the year ended 31 March 2024
Project specific funding - when donors specify that donalions and grants are
for particular restricted purposes, which do not amount to pre-conditions
regarding enlitlemenl, Ihis income is included in incorning resources of
restricted funds when receivable.
Voluntary Income
Voluntary income received by way ol donations and gifts is included in
incoming resources when receivable. The value of seNices provided by
volunteers has nol been included.
Resources expended
All expenditure is included on an accruals basis inclusive of any VAT which
cannol be recovered and is recognised when there is a legal or constructive
obligation to incur the costs.
Costs of generating lunds
Costs incurred in attracting voluntary income, and those incurred iii trading
activities that raise funds.
Charitable activltles
Production/
ro
ect costs
Costs incurred in Ihe development, production and iunning of productions or
other relevant projects toured in the year.
ort costs
The administrative and overhead cosls associated with running the office
from which the company operates, and Ihe cosls associated wilh the
constitutional and statutory requirements of the charity. These have all been
allocated to the charitable activities cost heading as the proportion spent on
cosls of generaling funds is considered immaterial.
Tanglble Ilxed assets and depreciallon
Individual fixed assets costing £1,000 or more are capitalised at cost.
Depreciation is provided at annual rates calculated to write off the cost less
residual value of each asset over its expected useful life, as follows:
Fixtureslfittingslequipment - 25°/o on reducing balance
Circus equipment - 250/0 on reducing balance
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are
translated inlo sterling at the rates of exchange ruling al the balance sheet
date. Transactions in foreign currencies are translated al the date of Ihe
transactions. All gains and losses on exchange are written off in the income
and expenditure account.
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand, call deposits, and other
short-term liighly liquid investments that are readily convertible to a known
amount of cash and are subject to an insignificant risk ol change in value
23

Crylng Out Loud Llmlted
(Limited by guarantee)
Notes to the Ilnancial statements
for the year ended 31 March 2024
Trade debtors
Trade debtors are amounts due from customers for merchaiidise sold or
services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are
SLSbsequently measured al amorlised cost usiiig tlie effeclive iiiterest method,
less provision for impairment. A provision for the impairment of trade debtors
is establislied when there is objective evidence that Ilie charily will nol be
able to collect all amounts due accordiiig to the original terms of tlie
receivables.
Trade credltors
Trade creditors are obligalions to pay for goods or services that have beeii
acquired in tlie ordinary course of busiiiess from suppliers. Accounts payable
are classified as current liabilities if the cl)arity does not have an unconditional
riglit, at Ilie end of the reportiiig period, lo defer settlement of the creditor for
at least twelve months aller the reporting dale. If there is an unconditional
right lo defer setllemeiit for at least twelve montlis alter tlie reportiiig date,
tliey are presented as iion-current liabilities.
Trade creditors are recognised initially at the transaction price and
subsequeiitly measured at amortised cost using Ihe elleclive interest melliod.
1.10. Fund accounting
Funds lield by the charity are eillier:
Unrestricted general funds - Ihese are funds which can be used in
accordance witli Ihe charitable objecls al tlie discretioii of the Irustees.
Restricted fuiids - these are funds tlial can only be used for particular
restricted purposes williin the objects of tlie cliarity. Restrictions arise
when specified by tlie donor or wlien funds are raised lor particular restricted
purposes.
Further explaiiation of the nature and purpose of each fuiid is included in the
notes lo the financial statements.
1.11. Leases
Rentals paid under operaling leases are charged to Ilie slaiement of fiiiancial
activities on a slraiglit line basis over the lease term.
Incomlng resources
The total incoming resources for the year have been derived from Ihe
priiicipal aclivity. The proportion of thealrical income derived from outside the
UK amounted to 39 /0 {2023 - 87 /.).
24

Crylng Out Loud Limlted
(Limited by guarantee)
Notes to the financial statements
for Ihe year ended 31 March 2024
Net Income lor the year Is slated alter charging:
2024
2023
Depreciation of tangible fixed assels
Loss on disposal of fixed assets
Lossl{Profit) on foreign exchange
Audilors, remuneration - statutory audit
Auditors, remuneration - Olher seNices
1,123
1,077
196
{2,457)
3,815
1,595
3,000
265
Trustees. emoluments and relmbursed expenses
The trustees received no remuneration during the year (2023 - £nil).
The aggregated amount reimbursed to trustees during the year was £238
{2023 - £nil).
Staff cosls and numbers
2024
2023
Stall costs
Salaries and wages
Social security costs
Pension costs
147,043
10,271
3,027
160,341
115,931
7.895
2,382
126,208
One employee earned between £60,000 - £70,000 during Ihe year (2023 -
one employee earned rnore than £60,000).
The total benefils received by Key Management personnel during the year
were: Artistic Director £81,380 {2023 - £77,936); Execulive Director £26,890
{2023 - £28,233).
The trustees did nol receive any remuneration during Ihe year.
Stalf numbers (full Ilme equlvalent)
The average numbers of employees {including casual and part time staff)
during the year was made up as follows:
2024
Numbèr
0.35
1.58
0.44
0.43
2.80
2023
Number
0.29
0.95
0.38
0.38
2.00
Cosl of generaling funds
Charitable activities: Projects
Charitable activities: Administration
Charitable aclivities: Governance
Penslons and other post-retiremenl obllgallons
The charity operates a delined contribution pension scheme which is a
pension plan under which fixed contributions are paid iiito a pension fund and
Ihe cliarity has no legal or constructive obligation to pay further contributions
even if Ihe fund does not hold sulfiaent assets to pay all employees the
benefits relating to employee serrfice in the current and prior periods.
25

Crylng Out Loud Limited
(Limited by guarantee)
Notes to the flnancial statements
lor the year ended 31 March 2024
Contributions to defined contribulion plans are recognised in the Statement of
Financial Activities when they are due. If contribution payments exceed tlie
conlribulioii due for service. the excess is recognised as a prepayment.
Taxatlon
No provision for corporation lax has been made as Ihe cliarily is exempt from
corporation tax on its income and gains to Ihe extent that these are applied to
ils charitable activilies.
Fixed assets- tangible assets
Flxluresl
Clreus
liltlngsl
equlpmeni equlpment
Total
Cost
1 April 2023
Additions during year
Disposals during year
31 March 2024
1,391
1 .264
5,558
6,949
1 .264
2,655
5,558
8,213
Depreclatlon
1 April 2023
Disposals during year
Charge for year
31 March 2024
609
3.109
3,718
511
1,120
612
3,721
1,123
4,841
Net book value
31 March 2024
31 Marcli 2023
1,535
782
1,837
2,449
3,372
3,231
Debtors
2024
2023
Trade debtors
Otlier debtors
Prepaymentslaccrued income
2,561
3,747
5,153
11,461
3,596
1,872
4,597
10,065
10. Creditors: amounts lalling due wlthln one year
2024
2023
Trade creditors
Otlier taxatioiilsocial security
Other creditors
Accrualsldeferred income
15,665
3.957
433
5,530
25,585
4,973
3.107
441
3,278
11,799
Llmiled by guarantee
The company is limiled by guaraiitee and does not have a sliare capital.
Each member gives a guarantee to contribute a sum, not exceediiig £1, lo tlie
company should it be wound up. At 31 March 2024, tliere were 7 members.
26

Crying Out Loud Limlted
(Llmlled by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
12.
Unrestricted funds
Brought
forward
Incomlng
resources
Outgolng
resources
Carrled
forward
2024
Designated fund
General fund
43,960
290,582
334,542
35,625
311,983
347,608
8,335
150.476
158,811
171.877
171,877
Designated funds are funds Ihat have been agreed and sei aside far use by
our consortium partner - Third Version Creative. The allocation to or from
designated funds are agreed in the Consortium Business Plan and overseen
by the Consorlium Board.
2023 comparatlve
General funds
178,879
245.118
252.120
171,877
13.
Restrlcted funds
Clrcus Chang8 UP
Arls Council England provided a grant to develop a nalional framework for
circus, including recommendations of how this can be supported and
developed long term. This research work is now complele.
Taroo - London
Royal Victoria Hall Foundalion supported the rehearsing and presentation of
performances of Taroo by Company Zid in London, and in collaboration with
Shubbak Festival and the Babylon Project.
Taroo - Bradford
Bradford City Council provided a granl for some early costs for Company Zid
who will present work as part of the BD:Festival in 2024.
Broughl
forward
Incomlng Oulgolng
resources
resources
Carrled
forward
2024
Circus Change UP
Taroo - London
Taroo - Bradford
1,677
1,000
1,356
500
2,856
2,677
1,356
262
4,295
238
238
1,677
Broughl
forward
Incomlng
resources
Outgoing
resources
Carried
forward
2023 comparalive
Circus Change UP
Cross Border Rural Touring
4,500
4.000
73,561
77.561
6,823
73,561
80.384
1,677
4.500
1.677
27

Crying Out Loud Limited
(Limited by guarantee)
Notes to the linanclal statements
lor the year ended 31 March 2023
14.
Analysis ol net assets between funds
General
funds
Restrlcted
funds
Toial
Fund balances at 31 March 2024 were
represented by:
Tangible fixed assets
Current assets
Credilors: amounts lalling due within one
year
3,372
181,024
3.372
181,262
238
25,585
159,049
158.811
238
Fund balaiices al 31 March 2023 were
represeiiled by:
Tangible fixed assets
Current assets
Creditors: amounts falling due within one
year
3.231
180,445
3.231
1,677 182,122
11.799
171,877
11,799
1,677 173,554
15. Reconclllatlon ol net movement in funds to
net cash flow from operatlng actlvllles
2024
2023
Nel movemeiil in funds
Add back depreciation cliarge
Add back disposal ol fixed assets
Deduct iiiterest income showii in investing
activities
Add back (profit} loss on financiiig activities
Decrease (iiicrease) in debtors
Iiicrease {decrease) in creditors
(14,505)
1,124
(9,825>
1,077
196
{609)
{2,705)
1.595
(1,397}
13,786
2.102
(2,457)
29,665
(17,244)
803
17.
Related Party Transactlon
There were no related party Iransactions during the year.
28