OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

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 2022

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 (Resigned 8 November 2022) Sarah Redfern Stephan Bolton (Resigned 20 October 2022)

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 2022.

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 2021-2022 the activities of the charity in Cornwall and the South West comprised:

Grants 2021 – 2022:

Cornwall Council(one restricted and covid grants unrestricted) Sport England (restricted) Arnold Clark (unrestricted) Penryn Town Council (restricted) Groundwork UK (Tesco) (restricted) Norman Foundation (restricted) Cornwall Community Foundation (restricted)

Page 3

Swamp Circus Trust Limited TRUSTEES ANNUAL REPORT

Outline:

  1. Circus training for young people and families of all ages with even clubs in Penryn 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. BTECS (Pearsons) in Performing Arts and Organic Horticulture.

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

  1. School and community projects

  2. Community and Educational Events

In Detail:

  1. Weekly: Cornwall Children's Circus

Children from the circus clubs had the opportunity to perform on stage at local events and other local events./ Adult aerial skills and gymnastics / Festiva eSundays including meditation / stress release / performing arts/ yoga and movement / gardening and orchard projects / forest school / lunchtime discussions and shared food around the fire - support for participants eg electric minibus from station - progression to local events /volunteering / accredited courses eg BTECs

  1. Circo Kernow - continued with successful uptake of students and productions especially at Easter/summer 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.

  2. Work with over 35 schools, the University of Exeter and Falmouth University.

  3. Environmental projects e.g. collaboration with Chyan and Roots and Seeds plus BTEC Horticulture and Circus Sundays ( especially successful during Covid - outdoors at distance)

  4. We performed at many community events including Truro Children's Day and Galowen Festival in Penzance

  5. Circo Kernow Big Top and Workshops Local community shows and local festivals eg Fairy Festival at Plymouth

  6. Circus shop with offices and drop in space with laptops and wifi access for students and those seeking work.

Page 4

Svth amp C ircus "l rnsi Luniied TRI'STF.F.S .&NThI"AL RF.PnRT FINANCIAL REI"IFM" 'Ibc for ￿- l.iar ha> &￿rl￿x￿d 10 £6_:.169 1£?0 i.￿9 in I). .4 largi pfc)IXYtiM i)rtlK" rrii, e2r incoff i42s io t"uNI capiul Jei eloprneni co￿. Th¢ for ear ot "l? 4)70 in "U-I I l¥Ls ILMI lo a lk.ficii 0l-iib_l￿1S i swplus ol- L ILJY.¢M in U, I i. Foll￿￿ id dt¥l IL 4 whik &)r Llwil Ifb i)n rt.￿ ted. T7￿ C4)niMall CowKsl. PLI.'S athj Po>ilik"e Pth4)le i￿￿munIl!. l>Khn rrfw¢TILlii4¢% hdN¢ examithl tht major risks. io ihe clwir4 ar¥1 art sa￿Elled a￿ in pl￿ i, minim1￿ nr miligale inbkn" Mill thniin￿ In rnicm ￿￿¢￿11￿1 ri￿.4 J re￿Il2r 3ni' ¥% ill I:4ke rttnher 'Kli(¥n li• miDimi tv mili&S.41¢ Ih¢4< TwyiYuS. ..lJl C'LiiiJ t¥￿￿Ul1(￿L% Ik'ii e Hith F￿}7￿)nm¥￿ts1 Hulth a￿1 TIK l¥aJD. TRI'CTI'RE. C:OI"EIL%.-iSCE IL&N.4GL%IL&T amp C FYL'U% I l imii¢MI }% a 11rni&￿ hi I"iuaraiKtt. li is alm) 8 fWqLYLxI ¢frwiTh' ￿lih Ihc flwrits. fofftmi&sinn. In ihe eirnt chariTh" is ￿.0￿￿1 up nmlkyg aL•fc& TO contrihuie .:' of nx)re ikn £ l O lo ihe Issds (pf Ik clkiril (Jol'emi￿iY d(wnrni hL' cFwii! Is yoi¢med bi ib Kl. trustees rna!. 4p)tni a is Millinki tLI ￿ o fUste¢. Recruitmcni is on the nf skills. e￿Ience a￿1 appr(NKh required witllln rhe oltbe if11￿1 rru%i¥¥ m¥mEK-rship RccruiimKYI i.s und4Yak'cn thniiibh J nnkc (If mcdii Jnd fnlloki% an vPPinwiiiiL'> iihere kwpf(bPtiai¢. I'oieniial thL¢L'S nKYi C'lwi. U4L4¢¢i a￿1 Inio ilkN workinn ol.the rharits. Including aiiendu)o ￿"ents. obseTh'ino 0￿￿1101￿ aaiN"ID' in the otttci. .4if£ii&sions H"iih £taff lind ye￿Ing infipmJaiiDn wch as accounl.s. marK'clinv malerial and na11￿11{ TRI"STFF.•' RF%PnN%lillLITIE4• Ilk. "I nL%tLt% arL' rLYA)n%ihlL llir kel'pink accnunlinc recnrds that disclnve uith re￿￿)￿able .tiktsfdi JI lin￿ IbL' fllLanLi411 rA•siliiin ill. I￿. Lhdril% drnl lil ¢Twhl¢ Ih¢m Io ¢ntyUTV Iknl IinarKi31 Lompll Mith ￿. Compani&￿ .la :(￿. Tlk" TnLSLii 21iO f￿￿￿￿151bIL for r¥¥Uar1ti￿, a￿Ls of a￿1 tsk'ing ieax)nabk sp> lot ￿ pr¢i¢n(ioa at¥J e¢c¢Tr(￿ ot IT3￿1 ay41 other irregulaniies. nK" aF4)i"L fL￿rt ha5 kx-n prLyftNI in &Yordanci ￿7¥h proiisions applicoblc to corn￿￿1¢ ubjca to thc snllll companicE rc.txmc a5 sci offt in Pan l * of the LOMP￿t$ .Ici IINXJ and . Jcco¥<LU￿. the Llwiii¢.4 5{)RV II'RS IV:). T4fdh Redfern 18 Thyoi'emiYT ?v?)

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 2022 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:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Debbie Risborough Association of Chartered Certified Accountants Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall

TR15 1LS 18 November 2022

Page 6

Swamp Circus Trust Limited STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 March 2022

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Total
Expenditure on:
Charitable activities
6
Total
Net gains on investments
Net (expenditure)/income
7
Transfers between funds
Net (expenditure)/income
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
2022
£
200
31,264		 Restricted
funds
2022
£
-
34,193		 Total
funds
2022
£
200
65,457		 Total
funds
2021
£
-
203,969
31,464
47,698		 34,193
52,382		 65,657
100,080		 203,969
93,970
47,698
-		 52,382
-		 100,080
-		 93,970
-
(16,234)
(90)		 (18,189)
90		 (34,423)
-		 109,999
-
(16,324) (18,099) (34,423) 109,999
(16,324)
17,517		 (18,099)
104,291		 (34,423)
121,808		 109,999
11,809
1,193 86,192 87,385 121,808

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Page 7

Ibamp ("ireus Trnst l.imittd BAI..4N(."I" .)HF.I"T .41 Ilrch 21)22 C.'ompan! %0. 0669Y?08 21J22 21121 Fiitd TJnuihlL C'urrrnl xwly Lk-biors ai bank aFNI in 1k7￿j C rtdilors: .IniiJUtsI ttsllitti. Il'ithin ont l'ear et curreof asset Toil sets le$5 turrtni libilities 111.8LI .iet ￿￿ets ticludillg pension ass¢t or liihiliti "I"ol¥l ntl Thc fund nf ihe rhrilJ' R¥blrii4¥J inLI?m¥ lutKIs' I"orcstrictcd f￿neral fiinds Tolal fuDd5 l rtr ( ()n)LKiniLts .4¥1 _i￿ r¢laiini T li) SJk)all Lon]Dani¢>. ("[Im￿niel 4th 1(Jfi rclaiinv. In %mall ci>mpanie%. . dir¥il)T> i 4uif¥m¥nL ol" ￿. ( OM￿￿1¢* .4ci _Ixkn M iih rL"SPXXi io accounrinLi fLxords and li￿ prep%￿allon ot accounis. .4ppn?i"ed hi. Tbi. FK)dril LTrn l 8 Ncii'cmlyr )ij) ? S&'-Jh Il¢Jferii

Swamp Circus Trust Limited NOTES TO THE ACCOUNTS

for the year ended 31 March 2022

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 with related Where income has related expenditure the income and related expenditure expenditure is reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is legacies included 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. This includes any gain or loss resulting from revaluing investments to Gains/(losses) on market value at the end of the year. revaluation of fixed 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:

Leasehold property 5% Straight line Plant and machinery including motor 10% Straight line vehicles 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:
Charitable activities
Total
Expenditure on:
Charitable activities
Total
Net income
Transfers between funds
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
4
Income from donations and
legacies
Appeals and donations		 Unrestricted
funds
2021
£
18,306
18,306
30,677
30,677
(12,371)
31,245
18,874
18,874
(1,357)
17,517
Unrestricted
£
200
200		 Restricted
funds
2021
£
185,663
185,663
63,293
63,293
122,370
(31,245)
91,125
91,125
13,166
104,291
Total
2022
£
200
200		 Total
funds
2021
£
203,969
203,969
93,970
93,970
109,999
109,999
109,999
11,809
121,808
Total
2021
£
-
-

Page 13

Swamp Circus Trust Limited NOTES TO THE ACCOUNTS

5 Income from charitable activities

Income from charitable activities
Grant Income
Cornwall Council
Cornwall Development
Company
Emergence Grant
Hildren Charitable Fund
HMRC Furlough grant
Small grants below
£2,000
Sport England
Cornwall Community
Foundation
Norman family trust
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		 Unrestricted
£
2,667
-
-
-
0
1,000
-
-
-
1,800
-
10,806
10,051
4,800
-
110
30
31,264		 Restricted
£
6,624
-
-
-
4403
1,466
3500.0
15,200
3,000
-
-
-
-
-
-
-
-
34,193		 Total
2022
£
9,291
-
-
-
4,403
2,466
3,500
15,200
3,000
1,800
-
10,806
10,051
4,800
-
110
30
65,457		 Total
2021
£
78,717
82,576
15,900
5,000
14,401
2,000
-
-
-
(1,188)
5,407
848
1,020
(7,588)
(2,114)
889
601
196,469

Page 14

Swamp Circus Trust Limited NOTES TO THE ACCOUNTS

Expenditure on charitable 6 activities

Direct expenditure on
charitable activities
Venue hire
Materials
Artist fees
Teacher / Workshop
costs
Sub-contract costs
Hire of product/goods
Training equipment
Hire of Big Top
Support Costs
Wages
Pensions
Staff training
Travel and subsistence
Rent & rates
Light, heat and power
Insurance
Telephone and fax
IT expenses
Printing, postage and
stationary
Sundry expenses
Marketing and
promotion
Legal and professional
fees
Bank charges
Bad Debts
Depreciation
Governance costs
Accountancy fees
Independent
examination of the
charity's accounts		 Unrestricted
£
-
(217)
3,841
0
6,591
300
0
2,000
19,318
594
-
397
7,343
540
2,559
766
0
513
-
0
200
18
750
424
786
975
47,698		 Restricted
£
-
-
-
19,472
561
-
8
-
21,447
-
-
-
-
-
-
929
122
1,307
-
1,221
-
-
-
7,315
-
-
52,382		 Total
2022
£
-
(217)
3,841
19,472
7,152
300
8
2,000
40,765
594
-
397
7,343
540
2,559
1,695
122
1,820
-
1,221
200
18
750
7,739
786
975
100,080		 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

Page 15

Swamp Circus Trust Limited NOTES TO THE ACCOUNTS

7 Net (expenditure)/income before transfers

2022
This is stated after charging:
£
Depreciation of owned fixed assets
7,739
8
Staff costs
Salaries and wages
40,765
Pension costs
594
41,359
No employee received emoluments in excess of £60,000.
Total employee benefits received by key
management personnel
21,306
The average monthly number of full time equivalent
employees during the year was as follows:
2022
Number
Charitable activities
3
3		 2021
£
424
64,077
1,208
65,285
42,497
2021
Number
4
4

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).

9 Tangible fixed assets

Cost or revaluation
At 1 April 2021
Additions
At 31 March 2022
Depreciation and
impairment
At 1 April 2021
Depreciation charge for
the year
At 31 March 2022
Net book values
At 31 March 2022
At 31 March 2021		 Land and
buildings
£
62,715
-
62,715
-
-
-
62,715
62,715		 Plant and
machinery
including
motor
vehicles
£
67,319
-
67,319
66,471
424
66,895
424
848		 Motor
Vehicles
£
26,882
-
26,882
-
6,720
6,720
20,162
26,882		 Office
Equipment
£
2,111
267
2,378
-
595
595
1,783
2,111		 Total
£
159,027
267
159,294
66,471
7,739
74,210
85,084
92,556

Page 16

Swamp Circus Trust Limited NOTES TO THE ACCOUNTS

10 Debtors

10 Debtors
Trade debtors
Other debtors
Prepayments and accrued income
11 Creditors:
amounts falling due within one year
Other loans
Trade creditors
Other creditors
Accruals and deferred income		 2022
£
1,295
4,697
-
5,992
2022
£
6,000
3,431
-
5,593
15,024		 2021
£
13,606
-
13,289
26,895
2021
£
16,000
4,186
1,094
5,594
26,874

Page 17

Swamp Circus Trust Limited NOTES TO THE ACCOUNTS

12 Movement in funds

12 Movement in funds
At 1 April
2021
86,314
8,311
-
8,500
1,166
-
-
-
-
104,291
17,517
121,808		 Incoming
resources
(including
other
gains/losses)
£
-
-
4,403
6,624
-
1,466
3,500
15,200
-
3,000
34,193
31,464
65,657		 Resources
expended
£		 Gross
transfers
£
-
217
-
-
-
(4)
-
(44)
-
(79)
90
(90)
-		 At 31
March
2022
£
78,999
0
-
-
3,527
166
3,500
-
-
0
Restricted funds:
Restricted income
funds:
Development of Chyan
Plen
Emergence grant
HMRC Furlough
Time to move
The Clothworkers
Foundation
Other grants below
£2000
Sport England
Cornwall Community
Foundation
Groundwork UK
(Tesco)
Norman family trust
Total
Unrestricted funds:
General funds
Revaluation Reserves:
Total funds
(7,315)
(8,528)
(4,403)
(6,624)
(4,973)
(2,462)
-
(15,156)
-
(2,921)
(52,382)
(47,698)
(100,080)
86,192
1,193
87,385

Purposes and restrictions in relation to the funds:

Restricted funds: Development of Chyan Includes capital expenditure for the library building as well as support Plen 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 HMRC Furlough The Clothworkers Specifically towards costs of yurt, solar powered battery, laptop, metal Foundation chairs, waterproof floor, fire pit, battery and wheel barrow Other grants below Usually for small pieces of equipment £2000

Page 18

Swamp Circus Trust Limited NOTES TO THE ACCOUNTS

Analysis of net assets between 13 funds

Analysis of net assets between
funds
Fixed assets
Net current assets		 Unrestricted
funds
£
2,558
(1,365)
1,193		 Restricted
funds
£
82,526
3,666
86,192		 Total
£
85,084
2,301
87,385

14 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