## **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 3. School and community projects 4. 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 2. 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. 3. Work with over 35 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 and Galowen Festival in Penzance 6. Circo Kernow Big Top and Workshops Local community shows and local festivals eg Fairy Festival at Plymouth 7. 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 s*p> 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.t*xmc a5 sci offt in Pan l * of the LOMP￿t$ .Ici IINXJ and . Jcco¥**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 Il*rch 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* Toi*l **sets le$5 turrtni li*bilities 111.8LI .*iet ￿￿ets ticludillg pension ass¢t or liihiliti "I"ol¥l ntl Thc fund* nf ihe rh*rilJ' 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** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when income the 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 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