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← Cirk Hes Ltd

2023-09-30-accounts

CIRK HES LTD

(FORMERLY CIRQUE DU CIEL LTD)

Charity Number: 01106043 Company Number: 04849987

Registered Address: Unit F8, Helston Business Park Clodgey Lane, Helston Cornwall, TR13 8FZ

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30[th] SEPTEMBER 2023

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

CIRK HES LTD ( formerly CIRQUE DU CIEL Ltd)

CONTENTS

Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees' report 2 - 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 14
Report of Independent Examination of Accounts 15 - 16

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023

Trustees Mr P Congdon
Mr D Ellis
Mrs A Bridges
Ms C Gwenapp
Ms L Bridges
Secretary Mr D Ellis
Charity registered number 01106043
Company number 04849987
Principal Office Unit 1, Greenbank Road
Devoran, Truro
Cornwall, TR3 6PQ
Accountants Wordsley Associates Ltd
Wordsley House
41 Tankerville Street
Hartlepool
TS26 8DT

The trustees present their report and accounts for the year ended 30[th] September 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Articles and Memorandum, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005. The charity operated under its previous name of 'Cirque du Ciel' for the entire period under review.

1

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

Structure, governance and management

The charity is a company limited by guarantee and is governed by its memorandum and articles of association. The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Mrs A Bridges (Treasurer) Mr D Ellis (Secretary) Ms C Gwenapp (Chair) Mr P Congdon Ms L Bridges (Co-opted 07/06/2023) Mrs S Miller (Resigned 07/07/2023)

The trustees (minimum 5 in number), who are volunteers, are responsible for the overall control of finance and operation of the charity. Suitable individuals are either identified by the existing trustees on the basis of their skills and knowledge and are invited to become trustees, or may be nominated by the members. New trustees are inducted into the workings of the charity after due checks, according to the charity’s procedures.

Employees. The Charity employs one part-time staff administrator and a retained freelance bookkeeper.

The Charity Manager position, responsible for all the day-to-day running and contact, is also a voluntary position and is currently filled by Naomi Lewis.

Project Leadership . The management and administration of long-term funded projects is the responsibility of the appointed leaders of individual projects. The charity has no employees for the delivery of services but has an established network of freelance workshop leaders, assistants and volunteers involved with the delivery of the various programmes. New volunteers, potential assistants and leaders are identified, checked, trained and introduced to the workings of the charity, in accordance with the charity’s procedures.

The charity has a membership scheme to enable supporters and volunteers to contribute through participation at general meetings as well as subscriptions and donations, and to be kept informed through a newsletter. Member’s liability is limited to £1.00.

Cirk Hes Ltd is an individual entity and there are no related parties.

Core costs include rent, insurance, web-hosting, annual examination of accounts and salaries. The organisation is run by volunteers and therefore has relatively low running costs, and readily capable of expansion to suit opportunities. It is therefore a cost-effective deliverer of quality youth work and support to the circus / performance arts community. Cirk Hes (previously Cirque du Ciel) had its registered office at the Circus Works in Devoran, near Truro during the reporting period.

Risk. The trustees have assessed the perceived major risks to which the charity is exposed, and are satisfied that sufficient systems are in place to mitigate exposure. The trustees will continue to identify and review potential risks on an ongoing basis.

A 'Report of Serious Incident' was filed with the Charity Commission due to the landlord's attempt to curtail the lease by issue of a Section 146 Notice, based on spurious and un-evidenced allegations of breaches of the terms of the lease. Legal advice was taken, and the lease successfully defended. However, the relationship with the landlord remained unsatisfactory.

As the lease of the Devoran site will come to an end next year in 2024 without the possibility to be extended or renewed, much effort continued to be put into deciding how to follow up and build on the success of the 'Circus Works' project.

Training and development. Meanwhile, certification of the workshop leaders and volunteers was kept under review and appropriate training and DBS checks facilitated. The core freelance project leaders all have Safeguarding and First Aid training in addition to updated DBS checks. A Charity Governance course was completed by the Treasurer, Bookkeeper and Charity Manager.

2

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

Objectives and activities

The objects of the charity, as stated in the Memorandum of Association, are: -The promotion of education and training in the creative and artistic application of circus skills and physical theatre in artistic performance.

-The promotion of training in circus skills and other recreational activities in the interests of social welfare for the benefit of the public with the object of improving the conditions of life.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake to ensure public benefit. Whilst each project targets individuals and groups of one sort or another often in isolated or deprived locations, working with sufficient sections of the public is ensured by excluding nobody for circumstances of poverty, gender, disability, race, etc. Opportunities for groups from differing backgrounds to meet and work together are also actively sought.

Since making the decision to take on the premises of the Circus Works at Devoran, Cirk Hes now fulfils its objectives in two ways:

Circus Skills and Circus-Play workshops, flexibly tailored to the needs of differing groups, are offered for:

  1. Social Circus - for the disadvantaged, isolated, victims of abuse or in care. Also in this category are workshops designed to aid children's physical and developmental issues and also home-educated children.

  2. Youth Circus - mainly after-schools clubs, some of which are designed to facilitate transition between schools, and all are suitable, safe places to receive those from group 1).

  3. Community Circus – providing healthy activities for community participation and safe environments for those from groups 1 and 2, especially families, to integrate.

Taking part in a variety of performance opportunities is encouraged for all groups, and the workshops of groups 2 & 3 are also used to provide specific training of children and young people for participation in public events, e.g. stilt-walking for carnivals, and shows for other community events and festivals.

It should readily be understood that the charity’s overall mission is to provide an infrastructure that is capable of reaching anyone, whatever their circumstances – while recognising the practical limitations imposed by our responsibility to provide a safe environment for all participants - and giving them the opportunity to develop personally to be able to take their place in and have some ownership of their community. If our ambition is not to let personal or social circumstances be a barrier to participation, then we are committed to stretch ourselves to achieve safe and successful participation as widely as possible.

During this year of operations, the charity put its awards scheme into stasis, as monitoring post Covid highlighted the need to develop this scheme in accordance with current evaluation of existing need. Opting instead to implement the development of the ‘Take My Talent Further’ scheme. To be implemented at the earliest opportunity post the organisation’s lease agreement expiry date (Feb 2024).

3

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

Achievements and performance

The 2022 – 2023 year has seen a steady growth in demand for our services and footfall for the Circus Works Devoran project. It was also the last full year period here, as the lease ends in February 2024. The year has also seen a noticeable shift in people's ability to afford activities as the relief from the pandemic recovery turned into a cost-of-living crisis: the trend towards the need for subsidised or free provision to enable participation was marked, and the ratio of funds raised and grants to self-generated income has needed to rise in order to maintain the growth in activity.

The following provisions remained ongoing, or have been reinstated in slightly different formats to meet our evaluation of current community needs post Covid restrictions, and due to the cost-of-living crisis.

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

Projects in the pipeline last year that came to fruition in 2022-23, successfully achieved on budget and with great positive impact, in line with our objects, were as follows:

Further projects and workshops during the period included:

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

• 21 December Montol 2022 in Penzance.

Other new developments for CdC in 2022-23:

6

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

And finally...

We are extremely grateful for the flow of positive feedback, support and encouragement from parents and guardians, schools, event organisers, funders and the other ways in which we hear that our services are welcomed and well received. Whilst ‘fun’ is the hook to involvement and the outward hallmark of our work, it is a strong social work principle that underpins what we do and why and, ultimately, for the results of which we receive our most heart-felt endorsement. As a majority voluntary organisation, Cirque du Ciel is indeed indebted to all those individuals who freely give their time to make it all happen, with a particularly special recognition of the vision, dedication and professionalism of the Charity Manager, Naomi, without whom none of this could be achieved. Thank you.

Financial review

The financial position of the charity remains satisfactory; the charity is solvent and has traded within its means, posting a retained surplus of unrestricted funds at the year end.

The costs associated with the building lease, salary and payments to freelancers are the major costs for the charity. Income generated from activities made up about 22% of overall income, however successful funding campaigns provided the necessary to support increasing levels of attendance, along with some of our core costs being included as part of some the restricted grants won this year.

Restricted funds managed:

Unrestricted funds:

It remains challenging to secure unrestricted funding, and while some of the restricted grant funders have been willing to support core costs as part of funded projects, we did secure a small amount of unrestricted funding from The Charities Trust and Charitable Giving during the year.

Short term projects all covered their costs, or in cases when CdC provided funding from unrestricted reserves, were delivered to budget.

Reserves

It is the policy of the trustees that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. Compliance with this policy has been maintained throughout the year.

7

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

  1. Select suitable accounting policies and then apply them consistently;

  2. Observe the methods and principles in the Charities SORP;

  3. Make judgements and accounting estimates that are reasonable and prudent;

  4. State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements

  5. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees on 21/07/2024, and signed on their behalf by:

David Ellis Trustee/Secretary

8

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account) FOR THE YEAR ENDED 30th SEPT 2023

Notes
Incoming resources
Incoming resources from
generated funds
Donations & Grants
2
Incoming Resources from
Charitable Activities
3
Investment Income
4
Total incoming resources
Resources expended
Cost of generating funds
5
Governance costs
6
Total resources ex-
pended
Net (outgoing)/incoming
resources for the year/net
(expenditure)/income for
the year
Total funds brought forward
Total funds carried for-
ward		 Restricted
funds
£
62,996
0
0
62,996
26,624
20,693
47,317
15,679
5,173
20,851		 Unrestricted
funds
£
8,637
32,797
40
41,474
11,187
27,140
38,327
3,146
13,187
16,333		 Total
2023
£
71,633
32,797
40
104,469
37,811
47,833
85,644
18,825
18,359
37,184		 Total
2022
£
8,304
27,685
4
35,993
19,036
56,148
75,184
-39,190
38,800
-390

9

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

BALANCE SHEET FOR THE YEAR ENDED 30th SEPT 2023

Notes
Fixed assets
11
Current assets
Cash at bank & in hand
Prepayments
Debtors
Creditors: amounts falling
due within one year
9
Net current assets
Total assets less current liabili-
ties
Accruals and deferred income
9
Net assets
Funds
12
Restricted funds
Unrestricted funds
Total funds		 £
6,727
9,810
3,211
4,972		 2023
£
-
12,721
19,448
338
19,110
17,583
19,601
37,184		 £
3,337
9,810
4,846
2,345		 2022
£
-
15,694
17,992
5,271		 17,001
1,307
19,030
670
18,360
5,144
13,215
18,359

10

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th SEPT 2022

1. ACCOUNTING POLICIES

1.1. BASIS OF PREPARATION OF FINANCIAL STATEMENT

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005 and applicable accounting standards

1.2. FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.3. INCOMING RESOURCES

All incoming resources are included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability. Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

1.4. RESOURCES EXPENDED

Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

1.5. TANGIBLE FIXED ASSETS AND DEPRECIATION

All assets costing more than £100 are capitalised

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Long-term leasehold property - Over life of lease Session equipment - 10% per annum Plant & Machinery - 10% per annum Computer Equipment - 33% per annum

11

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th SEPT 2022

2 DONATIONS & REVENUE

Restricted
funds
Unrestricted
funds
£
£
General donations
0
3,688
Grants
62,996
4,949
62,996
8,637
3
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
Restricted
funds
Unrestricted
funds
£
£
Events & Fundraising
0
4,884
Membership Fees
0
60
Generated Revenue
0
27,853
0
32,797
4
INVESTMENT INCOME
Restricted
funds
Unrestricted
funds
£
£
Interest Income
0
40
0
40
5
COSTS OF GENERATING VOLUNTARY INCOME
Restricted
funds
Unrestricted
funds
£
£
Direct donations & costs
7,234
0
Cost of generating donations
& revenue
19,390
11,187
26,624
11,187
6
GOVERNANCE COSTS
Restricted
funds
Unrestricted
funds
£
£
Accountancy and bookkeeping
0
200
Legal & Professional Fees
0
613
General Administrative Costs
20,693
26,327
20,693
27,140		 Total
2023
£
3,688
67,945
71,633
Total
2023
£
4,884
60
27,853
32,797
Total
2023
£
40
40
Total
2023
£
7,234
30,577
37,811
Total
2023
£
200
613
47,020
47,833		 Total
2022
£
8,304
18,750
27,054
Total
2022
£
4,457
151
23,077
27,685
Total
2022
£
4
4
Total
2022
£
8,738
10,299
19,036
Total
2022
£
769
13
55,366
56,148

12

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th SEPT 2022

7 NET INCOME

None of the trustees (or any persons connected with them) received expenses during the year and no remuneration was paid to trustees (or any persons connected with them) as workshop leaders. During the year, no Trustees received any benefits in kind.

8 STAFF COSTS

The charity has two employees, paid on a monthly basis, alongside the Trustees, who did not receive any remuneration.

No employee received remuneration amounting to more than £60,000 in the year.

9
CREDITORS
Trade creditors
PAYE/Pensions/Wages Payable
Accruals and deferred income
10
DEBTORS
Trade Debtors
Prepayments		 2023
£
5,013
258
338
5,609
2023
£
4,972
3,211
8,183		 2022
£
1,026
281
670
1,977
2022
£
2,345
4,846
7,191

13

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th SEPT 2022

11
TANGIBLE FIXED ASSETS
Computer
Equipment
£
Cost
At 30th Sept 2022
870
Additions
0
Disposals
0
As at 30th Sept 2023
870
Depreciation
At 30th Sept 2022
580
Charge for the year
290
As at 30th Sept 2023
870
Net book value
At 30th Sept 2022
290
As at 30th Sept 2023
0
12
STATEMENT OF FUNDS
Brought
Forward
£
General fund
13,187
Restricted funds
5,173
Total of funds
18,359		 Plant &
Machinery
£
738
0
0
738
148
74
222
590
516
Incoming
resources
£
41,474
62,996
104,469		 Session
Equipment
£
3,071
4,234
0
7,305
614
480
1,094
2,457
6,211
Resources
Expended
£
38,327
47,317
85,644		 Total
£
4,679
4,234
0
8,913
1,342
844
2,186
3,337
6,727
Carried
Forward
£
19,601
17,583
37,184

14

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

15

Cirk Hes Ltd Company number: 0484997 (England and Wales) Charity number: 01106043

16