## **Swamp Circus Trust Limited**
(A charitable company limited by guarantee)
## **Charity No. 1129011**
## **Company No. 06697208**
**Trustees' Report and Unaudited but Independently Examined Accounts 31 March 2021**
Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall TR15 1LS
**Swamp Circus Trust Limited CONTENTS**
||Pages||
|---|---|---|
|Trustees' Annual Report|2 to 5||
|Independent Examiner's Report||6|
|Statement of Financial Activities||7|
|Balance Sheet||8|
|Notes to the Accounts|9 to|19|
Page 1
## **Swamp Circus Trust Limited TRUSTEES ANNUAL REPORT**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 06697208**
## **Charity No. 1129011**
## **Registered Office**
10 Lower Market Street Penryn Cornwall TR10 8BG
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
Anthony Rogers Louise Martin (Resigned 1 August 2020) Sarah Redfern Stephan Bolton
## **Accountants**
Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall TR15 1LS
## **Bankers**
HSBC Market Street Falmouth Cornwall TR11 3AA
## **Solicitors**
Nalders Solicitors 49 Arwenack Street Falmouth Cornwall TR11 3LB
Page 2
**Swamp Circus Trust Limited TRUSTEES ANNUAL REPORT**
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2021.
## **OBJECTIVES AND ACTIVITIES**
To provide or assist in the provision of facilities and training in the community. Including classes for juggling, mime, acrobatics, aerial, balance, dance, movement and conventional games and outdoor education and sports in the interests of vocation training, social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
The relief of unemployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment regardless of age, sex,ability and origins. To promote for the benefit of the public the conservation protection and improvement of the physical and natural environment.
All our charitable activities focus on providing support to all members of the community, young and old,to allow them either to enjoy the benefits of participating in, or attending arts events, and also in helping practitioners to reach their full potential, through training, help and support, allowing them to share their skills with others in the community.
## **ACHIEVEMENTS AND PERFORMANCE**
During 2020-2021 the activities of the charity in Cornwall and the South West comprised:
Grants 2020 - 2021: Norman Foundation (restricted ) St James Place Foundation (restricted) Cloth Workers ( restricted) CLLD ( restricted) Emerge Foundation ( restricted)
Outline:
1. Circus training for young people and families of all ages with even clubs in Falmouth and taster sessions in other areas.
2. Circo Kernow – The core work of accredited training for NEETS – young people out of work and education. Prioritising areas of deprivation and those with SEN. Circo Kernow comprised:
- a. 1 day plus office based support of guided training per week in Falmouth.
- b. Outreach programme focused on risk of NEET learners in Schools / youth agencies.
- c. Classes and master classes.
- d. Additional keyskills.
- e. School events and shows eg Playfest
- f. Taking on at least 2 trainee teachers on each of 3 x 3 month programs
3. School and community projects
4. Community and Educational Events
Page 3
## **Swamp Circus Trust Limited TRUSTEES ANNUAL REPORT**
In Detail:
## 1. Cornwall Children's Circus
Initially busy the numbers dropped off and parents have struggled to find the money even though it's much subsidised. Children from the circus clubs had the opportunity to perform on stage at Mini Playfest and other local events.
2. Circo Kernow - continued with successful uptake of students and productions especially at Easter where students had the opportunity to take part in the Chyan based big top school. Circo Kernow students had the opportunity to train for free at Swamp Circus Camp in August with qualified tutors from around the world.
3. Work with over 12 schools, the University of Exeter and Falmouth University.
4. Environmental projects e.g. collaboration with Chyan and Roots and Seeds plus BTEC Horticulture and Circus Sundays ( especially successful during Covid - outdoors at distance)
5. We performed at many community events including Truro Children's Day
6. Circo Kernow Big Top and Workshops Local community shows and local festivals as detailed above
7. Circus shop with offices and drop in space with laptops and wifi access for students and those seeking work.
## **FINANCIAL REVIEW**
The income for the year has increased to £203,969 (£73,676 in 2020). A large proportion of this was to fund capital development costs so although costs have increased it is not in the same proportion. The spend for the year of £93,970 (£87,943 in 2020) has led to a surplus of £109,999 (deficit of £14,268 in 2020).
## Risk management
The Cornwall Council, PLUS and Positive People community provision representatives have examined the major risks to which the charity is exposed and are satisfied that systems are in place to minimise or mitigate these. The trustees will continue to review potential risks on a regular basis and will take further action to minimise or mitigate these risks as required. All Covid precautions have been reviewed with Environmental Health and The Cornwall Covid Team.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Swamp Circus Trust Limited is a company limited by Guarantee. It is also a registered charity with the Charity Commission. In the event that the charity is wound up the members agree to contribute an amount of not more than £10 to the assets of the charity.
## Governing document
The charity is governed by its Memorandum and Articles of Association dated 25th January 1995
Page 4
## **Swamp Circus Trust Limited TRUSTEES ANNUAL REPORT**
The directors of the company are also charity trustees for the purposes of charity law. Subject to the approval of the members, the trustees may appoint a person who is willing to be a trustee. Recruitment is on the basis of skills, experience and approach required within the spectrum of the existing trustee membership. Recruitment is undertaken through a range of media and follows an equal opportunities process where appropriate. Potential trustees meet the Chair, other trustees and senior management prior to the proposal as a trustee. Once appointed, trustees undertake an induction into the working of the charity including attending events, observing operational activity in the office, discussions with staff and reading information such as accounts, marketing material and evaluation documents
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Stephan Bolton Trustee 31 January 2022
Page 5
**Swamp Circus Trust Limited INDEPENDENT EXAMINERS REPORT**
## **Independent Examiner's Report to the trustees of Swamp Circus Trust Limited**
I report to the charity trustees on my examination of the accounts of Swamp Circus Trust Limited for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the accounts of the charity 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 your 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements under 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
- the accounts have not been prepared in accordance with the Charities SORP (FRS 102).
During the course of my examination I have noted that there is an element of the Chyan Development matched funding which the trustees believe can be transferred to unrestricted funds but there is no written approval of this from the donor. This value of £31,245 is significant in terms of ensuring unrestricted funds are healthy.
I 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.
Debbie Risborough Association of Chartered Certified Accountants Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall
TR15 1LS 31 January 2022
Page 6
## **Swamp Circus Trust Limited STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 March 2021**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
Investments
6
**Total**
**Expenditure on:**
Charitable activities
7
**Total**
Net gains on investments
**Net income/(expenditure)**
8
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought
forward
**Total funds carried**
**forward**|**Unrestrict**
**ed funds**
**2021**
**£**
-
18,306
-|**Restricted**
**funds**
**2021**
**£**
-
185,663
-|**Total**
**funds**
**2021**
**£**
-
203,969
-|**Total**
**funds**
**2020**
**£**
5
73,668
2|
|---|---|---|---|---|
||18,306
30,677|185,663
63,293|203,969
93,970|73,675
87,943|
||30,677
-|63,293
-|93,970
-|87,943
-|
||(12,371)
31,245|122,370
(31,245)|109,999
-|(14,268)
-|
||18,874|91,125|109,999|(14,268)|
||18,874
(1,357)|91,125
13,166|109,999
11,809|(14,268)
26,077|
||17,517|104,291|121,808|11,809|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Page 7
**Swamp Circus Trust Limited BALANCE SHEET**
|**at**
**31 March 2021**
**Company No. 06697208**
**Notes**
**2021**
**£**
**Fixed assets**
Tangible assets
10
92,556
92,556
**Current assets**
Debtors
11
26,895
Cash at bank and in hand
29,231
56,126
**Creditors:**Amount falling due within one year
12
(26,874)
**Net current assets**
29,252
**Total assets less current liabilities**
121,808
**Net assets excluding pension asset or liability**
121,808
**Total net assets**
121,808
**The funds of the charity**
**Restricted funds**
13
Restricted income funds
104,291
104,291
**Unrestricted funds**
13
General funds
17,517
17,517
**Reserves**
13
**Total funds**
121,808|**2020**
**£**
1,272|
|---|---|
||1,272
6,899
14,341|
||21,240
(10,703)|
||10,537
11,809|
||11,809|
||11,809|
||13,166|
||13,166
(1,357)|
||(1,357)|
||11,809|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 January 2022
And signed on its behalf by:
Stephan Bolton
Trustee
31 January 2022
Page 8
**Swamp Circus Trust Limited NOTES TO THE ACCOUNTS**
## **for the year ended 31 March 2021**
## 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The charity constitutes a public benefit entity as defined by FRS102.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular Designated funds purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Page 9
**Swamp Circus Trust Limited NOTES TO THE ACCOUNTS**
## **Income**
|**Income**||
|---|---|
|Recognition of|Income is included in the Statement of Financial Activities (SoFA) when the|
|income|charity becomes entitled to, and virtually certain to receive, the income and|
||the amount of the income can be measured with sufficient reliability.|
|Income with|Where income has related expenditure the income and related expenditure is|
|related expenditure|reported gross in the SoFA.|
|Donations and|Voluntary income received by way of grants, donations and gifts is included|
|legacies|in the the SoFA when receivable and only when the Charity has|
||unconditional entitlement to the income.|
|Tax reclaims on|Income from tax reclaims is included in the SoFA at the same time as the|
|donations and gifts|gift/donation to which it relates.|
|Donated services|These are only included in income (with an equivalent amount in|
|and facilities|expenditure) where the benefit to the Charity is reasonably quantifiable,|
||measurable and material.|
|Volunteer help|The value of any volunteer help received is not included in the accounts.|
|Investment income|This is included in the accounts when receivable.|
|Gains/(losses) on|This includes any gain or loss resulting from revaluing investments to|
|revaluation of fixed|market value at the end of the year.|
|assets||
|Gains/(losses) on|This includes any gain or loss on the sale of investments.|
|investment assets||
|**Expenditure**||
|Recognition of|Expenditure is recognised on an accruals basis. Expenditure includes any|
|expenditure|VAT which cannot be fully recovered, and is reported as part of the|
||expenditure to which it relates.|
|Expenditure on|These comprise the costs associated with attracting voluntary income,|
|raising funds|fundraising trading costs and investment management costs.|
|Expenditure on|These comprise the costs incurred by the Charity in the delivery of its|
|charitable activities|activities and services in the furtherance of its objects, including the making|
||of grants and governance costs.|
|Grants payable|All grant expenditure is accounted for on an actual paid basis plus an accrual|
||for grants that have been approved by the trustees at the end of the year but|
||not yet paid.|
|Governance costs|These include those costs associated with meeting the constitutional and|
||statutory requirements of the Charity, including any audit/independent|
||examination fees, costs linked to the strategic management of the Charity,|
||together with a share of other administration costs.|
|Other expenditure|These are support costs not allocated to a particular activity.|
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
Page 10
**Swamp Circus Trust Limited NOTES TO THE ACCOUNTS**
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
|estimated useful life:||
|---|---|
|Leasehold property|5% Straight line|
|Plant and machinery
including motor vehicles|10% Straight line|
|Motor Vehicles|25% Reducing balance|
|Office Equipment|25% Straight line|
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 11
**Swamp Circus Trust Limited NOTES TO THE ACCOUNTS**
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Statement of cash flows**
The charity is exempt from preparing a statement of cash flows on the grounds that it is a small charity
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 12
## **Swamp Circus Trust Limited NOTES TO THE ACCOUNTS**
## 3 **Statement of Financial Activities - prior year**
|**Income and endowments**
**from:**
Donations and legacies
Charitable activities
Investments
**Total**
**Expenditure on:**
Charitable activities
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2020**
**£**
6
57,796
2
57,804
79,784
79,784
(21,980)
(21,980)
(21,980)
20,624
(1,356)|**Restricted**
**funds**
**2020**
**£**
-
15,872
-
15,872
8,159
8,159
7,713
7,713
7,713
5,453
13,166|**Total**
**funds**
**2020**
**£**
6
73,668
2|
|---|---|---|---|
||||73,676
87,943|
||||87,943|
||||(14,267)|
||||(14,267)|
||||(14,267)
26,077|
||||11,810|
|4
**Income from donations and legacies**
Appeals and donations|**Total**
**2021**
**£**
-
-|**Total**
**2020**
**£**
5|
|---|---|---|
|||5|
Page 13
## **Swamp Circus Trust Limited NOTES TO THE ACCOUNTS**
## 5 **Income from charitable activities**
## **Unrestricte**
|**Grant Income**
Cornwall Council
Cornwall Development
Company
Emergence Grant
Hildren Charitable Fund
HMRC Furlough Grant
Big Potential
Clothworkers
St James Place
The Casey Trust
Small Grants below £2000
**Primary Purpose Trading**
Events Income
Sale of purchased goods
Circus Clubs
Fees for workshops etc
Hire of Big tops
Support to social
enterprises
Festival Sundays
Other income|**d**
**£**
19,431
-
-
-
-
-
-
-
-
1,000
(1,188)
5,407
848
1,020
(7,588)
(2,114)
889
601
18,306|**Restricted**
**£**
59,286
82,576
15,900
5,000
14,401
-
-
7,500
-
1,000
-
-
-
-
-
-
-
-
185,663|**Total**
**2021**
**£**
78,717
82,576
15,900
5,000
14,401
-
-
7,500
-
2,000
(1,188)
5,407
848
1,020
(7,588)
(2,114)
889
601
203,969|**Total**
**2020**
**£**
-
-
-
-
-
3,372
8,500
-
2,000
3,000
4,200
10,357
2,729
14,508
21,905
1,283
-
1,814|
|---|---|---|---|---|
|||||73,668|
6 **Income from investments**
|**Income from investments**|||
|---|---|---|
|Interest received|**Total**
**2021**
**£**
-
-|**Total**
**2020**
**£**
2|
|||2|
Page 14
**Swamp Circus Trust Limited NOTES TO THE ACCOUNTS**
## 7 **Expenditure on charitable activities**
## **Unrestricte**
|_Direct expenditure on_
_charitable activities_
Venue hire
Materials
Training equipment
Artist fees
Teacher/ workshop costs
Sub-contract costs
_Support Costs_
Wages
Pensions
Staff training
Travel and subsistence
Rent & rates
Light, heat and power
Insurance
Telephone and fax
Printing, postage and
stationary
Subscriptions
Equipment Hire
sundry expenses
Cleaning
Marketing and promotion
Legal and professional fees
Specific Bad Debts written
off
Bank charges
Depreciation
_Governance costs_
Accountancy fees
Independent examination
of the charity's accounts
8
**Net income/(expenditure) before**
**transfers**
This is stated after charging:
Depreciation of owned fixed assets|**d**
**£**
2,650
217
-
1,237
259
3,303
11,506
1,208
1,243
-
3,100
934
1,461
827
811
-
-
112
-
585
93
-
112
424
-
595
30,677|**Restricted**
**£**
1,250
-
-
30
5,136
3,223
52,571
-
-
243
-
-
-
-
840
-
-
-
-
-
-
-
-
-
-
-
63,293
**2021**
**£**
424|**Total**
**2021**
**£**
3,900
217
-
1,267
5,395
6,526
64,077
1,208
1,243
243
3,100
934
1,461
827
1,651
-
-
112
-
585
93
-
112
424
-
595
93,970|**Total**
**2020**
**£**
8,647
50
44
19,754
9,503
7,924
21,337
349
-
474
6,306
751
1,107
1,046
290
458
1,200
2,863
188
1,866
589
500
448
424
1,230
595|
|---|---|---|---|---|
|||||87,943|
|||||**2020**
**£**
424|
Page 15
**Swamp Circus Trust Limited NOTES TO THE ACCOUNTS**
|9
**Staff costs**
Salaries and wages
64,077
Pension costs
1,208
65,285
No employee received emoluments in excess of £60,000.
Total employee benefits received by key
management personnel
42,497
The average monthly number of full time equivalent
employees during the year was as follows:
**2021**
**Number**
Charitable activities
4
4|21,337
349|
|---|---|
||21,686|
||11,415
**2020**
**Number**
2|
||2|
The charity operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the charity to the scheme and amounted to £1,208 (2020-£348).
## 10 **Tangible fixed assets**
|**Land**
**and**
**buildings**
**£**
**Cost or revaluation**
At 1 April 2020
-
Additions
62,715
At 31 March 2021
62,715
**Depreciation and**
**impairment**
At 1 April 2020
-
Depreciation charge for the
year
-
At 31 March 2021
-
**Net book values**
At 31 March 2021
62,715
At 31 March 2020
-
11 **Debtors**
Trade debtors
Prepayments and accrued income|**Plant and**
**machinery**
**including**
**motor**
**vehicles**
**£**
67,319
-
67,319
66,047
424
66,471
848
1,272|**Motor**
**Vehicles**
**£**
-
26,882
26,882
-
-
-
26,882
-
**2021**
**£**
13,606
13,289
26,895|**Office**
**Equipment**
**£**
-
2,111
2,111
-
-
-
2,111
-|**Total**
**£**
67,319
91,708|
|---|---|---|---|---|
|||||159,027|
|||||66,047
424|
|||||66,471|
|||||92,556|
|||||1,272|
|||||**2020**
**£**
6,899
-|
|||||6,899|
Page 16
**Swamp Circus Trust Limited NOTES TO THE ACCOUNTS**
## 12 **Creditors:**
amounts falling due within one year
|**Creditors:**
amounts falling due within one year|||
|---|---|---|
|Other loans
Trade creditors
Other taxes and social security
Other creditors
Accruals and deferred income|**2021**
**£**
16,000
4,186
-
1,094
5,594
26,874|**2020**
**£**
-
3,249
43
1,815
5,596|
|||10,703|
Page 17
## **Swamp Circus Trust Limited NOTES TO THE ACCOUNTS**
## 13 **Movement in funds**
|13 **Movement in funds**||||||
|---|---|---|---|---|---|
||**At 1**
**April**
**2020**
-
-
-
-
-
2,000
8,500
2,666
13,166
(1,357)
11,809|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
141,862
15,900
5,000
14,401
7,500
-
-
1,000
185,663
18,306
203,969|**Resources**
**expended**
**£**|**Gross**
**transfers**
**£**
(31,245)
-
-
-
-
-
-
-
(31,245)
31,245
-|**At 31**
**March**
**2021**
**£**
86,314
8,311
-
-
-
-
8,500
1,166|
|**Restricted funds:**
**Restricted income funds:**
Development of Chyan
Plen
Emergence grant
Hilden Charitable
Foundation
HMRC Furlough
St James Place
The Casey Trust
The Clothworkers
Foundation
Other grants below £1000
_Total_
**Unrestricted funds:**
**General funds**
**Revaluation Reserves:**
**Total funds**||||||
||||(24,303)|||
||||(7,589)|||
||||(5,000)|||
||||(14,401)|||
||||(7,500)|||
||||(2,000)|||
||||-|||
||||(2,500)|||
||||(63,293)
(30,677)
(93,970)|||
||||||104,291|
||||||17,517|
||||||121,808|
Purposes and restrictions in relation to the funds:
Restricted funds: Development of Chyan Includes capital expenditure for the library building as well as Plen support for salaries. Due to Covid the project could not be completed and the final balances transferred to unrestricted funds were not confirmed in writing as at the date of signing the accounts. Emergence grant Support for well being training
Emergence grant Support for well being training Hilden Charitable Foundation HMRC Furlough Salary support during lockdown for Covid19 St James Place Support for well being training The Casey Trust Delivery of well being workshops The Clothworkers Specifically towards costs of yurt, solar powered battery, laptop, Foundation metal chairs, waterproof floor, fire pit, battery and wheel barrow
Other grants below £1000 Usually for small pieces of equipment
Page 18
**Swamp Circus Trust Limited NOTES TO THE ACCOUNTS**
## 14 **Analysis of net assets between funds**
|**Analysis of net assets between funds**||||
|---|---|---|---|
|Fixed assets
Net current assets|**Unrestricted**
**funds**
**£**
848
16,669
17,517|**Restricted**
**funds**
**£**
91,708
12,583
104,291|**Total**
**£**
92,556
29,252|
||||121,808|
## 15 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 19