Company registration number: 06697208 Charity registration number: 1129011
## _**Swamp Circus Trust Limited**_
(A charitable company limited by guarantee.) Trustees' Report and Unaudited but Independently Examined Accounts for the year ended 31 March 2024
Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall TR15 1LS
## **Swamp Circus Trust Limited Contents**
Reference and Administrative Details………………………………….…………1 Trustees' Report…….………………………………………………….…………2 to 4 Independent Examiner's report……………………………………………………5 Statement of financial activities……………………………………………….…6 Balance Sheet…………………………………………………………………… 7 Notes to the financial statements……………………………………...………… 8 to 17
**Swamp Circus Trust Limited Reference and Administrative Details**
|**Charity name**|Swamp Circus Trust Limited|
|---|---|
|**Charity registration number**|1129011|
|**Company registration number**|06697208|
||Registered in England & Wales|
|**Registered & Principal office**|10 Lower Market Street|
||Penryn|
||Cornwall|
||TR10 8BG|
|**Trustees**|Yasmin Anderson|
||Simon Barclay|
||Anthony Eldridge-Rogers|
||Mike Osbourn|
||Sarah Redfern|
|**Key management personnel**|Brett Jackson - Manager|
|**Bankers**|HSBC|
||Market Street|
||Falmouth|
||Cornwall|
||TR11 3AA|
|**Solicitors**|Nalders Solicitors|
||49 Arwenack Street|
||Falmouth|
||Cornwall|
||TR11 3LB|
|**Independent Examiner**|Debbie Risborough (FCCA)|
||Cornwall Community Accountancy Service|
||The Elms|
||61 Green Lane|
||Redruth|
||TR15 1LS|
Page 1
**Swamp Circus Trust Limited Trustees' Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report and the unaudited financial statements for the year ended 31 March 2024
## **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**
1. Circus training for young people and families of all ages with Community clubs in Penryn, Chyan Cultural Centre , St Day, Camborne and taster sessions in other areas.
2. CircoKernow BTEC courses in Performing Arts and Organic Horticulture – The core work of accredited training for NEETS and those at risk of NEET – 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 Wellbeing Fair
- 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 eg Easter / Yoga Camp , Circus Camp, Well being Days eg For Volunteer Cornwall
Page 2
**Swamp Circus Trust Limited Trustees' Report**
## **Weekly:**
- 1.Cornwall Children's Circus - Children from the circus clubs had the opportunity to perform on stage at local events.
- 2.Adult aerial skills and gymnastics
3.Festival Sundays including meditation ( Apple Tree Sanga) / stress release / performing arts/ yoga and movement / gardening and orchard projects eg Roots and Seeds Organic Allotments / forest school and Forest skills courses eg Hazel hurdle making /tree planting / 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
- 4.Chyan Community Forest – Tree Planting and courses / creation of Forest Trail
**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. Partners eg CN4C / PLUS / Dracaena Centre
**Schools:** Work with over 25 schools, the University of Exeter and Falmouth University.
**Environmental projects:** e.g. collaboration with Chyan and Roots and Seeds plus BTEC Horticulture and Circus Sundays ( especially successful during Covid - outdoors at distance) Designing Future Vision and the new Community Forest with partners eg Forest for Cornwall, Cornwall Wildlife Trust
**Community Events** We performed at many community events including Truro Children's Day and Galowen Festival in Penzance , Faery Festival, Cornwall Air Ambulance.
## **Circo Kernow Big Top and Workshops**
Local community shows and local festivals eg Great Estate Festival
## **Financial review**
The income for the year has increased to £115,547 (£59,511 in 2023). The spend for the year of £98,832 (£69,430 in 2023) has led to a surplus of £16,715 (deficit of £9,919 in 2023).
## **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
Page 3
Swamp Circus Trust Limited
Trustees, Report
Struetllre) governance alld management
Swamp Circus Trust Limited is a company limited by Guai'aiitee. It is also a registered charity
with the Charity Comtnission. In the event that the charily is wuund up the members agree to
contribute an ainount of not more than £1 O to the assets of the charity-
Governillg do¢ument
The charity is governed by.ils Memorandum and Articles of Association dated 25th January 1995.
Trustee Responsibilities
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any timc Éhc financial position of the charity and to enable them to ensure that the
financial statements Comply with the Charities Act 201 I, the Companies Act 2006 and.the
applicable Statement of Recommended Practice. The Trustees are also i'esponsible for
safeguarding the assets of the chai'ily and hence taking reasonable steps for the prevention and
detection of fraud and other irrcgularities.
In so far as the trustees are aware-.
there is no relevant information of which the charitable company's independ¢nt examiner is
unaware. and
the trustees have taken all steps that they ought to have taken as trustees to make themselves
aware of any relevant information and to establish that the independent exaTniner is aware of that
infonnation.
Small company provisions
'rhis report has been prepared in accordance with the small companies regime under the
Cornpanies Act 2006.
Approved by the Board on
and signed on ils behalf by..
Simon Bqrclay
Trustee
Page 4
## **Swamp Circus Trust Limited Independent Examiner's Report**
I report on the accounts of the company for the year ended 31 March 2024 which are set out on pages 6 to 17.
## **Respective responsibilities of trustees and examiner**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”). The trustees consider that an audit is not required for this year under section 144(2) of the 2011 Act and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the General Directions given by the Charity Commission
- under section 145 (5) (b) of the 2011 Act;
- and state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that in any material respect the requirements: o to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 130 of the 2011 Act; and
o to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met;
2) or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
....................................................... 28th September 2024 Debbie Risborough, Chartered Certified Accountant Date: Cornwall Community Accountancy Service The Elms, 61 Green Lane, Redruth, Cornwall TR15 1LS
Page 5
## **Swamp Circus Trust Limited Statement of Financial Activities**
## **for the year ended 31 March 2024**
|Note
**Income and endowments from:**
Donations and
legacies
4
Charitable activities
5
Other income
6
**Expenditure on:**
Charitable activities
7
Other gains/(losses)
**_Total_**
**_Total_**
**Net income/(expenditure)**
**before investment gains/(losses)**
**Net income/(expenditure)**
**_Reconciliation of funds:_**
**_Net movement in funds_**
Total funds brought
**_Total funds carried_**
**_forward_**|**Unrestricte**
**d funds**
**2024**
**£**
12,664
28,421
2,592
43,677
38,022
38,022
5,655
5,655
-
5,655
(1,875)
3,780|**Restricted**
**income**
**funds**
**2024**
**£**
-
71,870
-
71,870
60,810
60,810
11,060
11,060
-
11,060
79,341
90,401|**Total**
**funds**
**2024**
**£**
12,664
100,291
2,592
115,547
98,832
98,832
16,715
16,715
-
16,715
77,466
94,181|**Prior year**
**funds**
**2023**
**£**
4,363
54,500
648|
|---|---|---|---|---|
|||||59,511|
|||||69,430|
|||||69,430|
|||||(9,919)|
|||||(9,919)
-|
|||||(9,919)
87,385|
|||||77,466|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities
Page 6
Swamp Circus Trust Limited
Balanee Sheet
As at 31 March 2024
2024
2023
Note
Fixed Assets
Tangible Assets
78,150
78,150
79,025
79,025
Current Assets
D¢btoi's
Cash at bank and in liand
12
1.149
22,179
23.328
3,846
8,426
12,272
Cre(litOl-5: Avnounts
falling due within
one year
13
(7,297)
(7,831)
Net current asscts
16,031
4,441
Total Assets less Current liahilities
94,181
83,466
Creditors: Amounts
falling due al'tei.
Inoi'e tlian one year
14
(6,000)
Net Assets
The fiinds of the charity:
Restricted funds
90,401
79,341
Unrestrieted funds
Uni'estl'iLfrd inLome funds
Total iinrestricted funds
3,780
(1.875)
3,780
1,875
Total charity funds
77,466
The8e accounts liave been pi'epai'ed in accoi'dance with the special pi'ovisions of Part 15 of
the Companies ALt 2006 relaLing lo small companies.
For tlie year ended 30 Julie 2022 the Gompany was eiititled to exempÈion undei. section 477
of the Companies Act 2006 I'elating lo small compaiiies.
The mcmbci's have not i'equii'ed the company to obtain an audit in accordance with section
476 of the Companies Act 2006.
The diiectoi-s acknowledge theii. responsibilitics for Lomplying with the requireinents of the
Compaiiieg Act 2006 with respect to accounting i'ecoiyls and the pi'epai'&tion of accounts.
Approved by the Boai'd on
.2 - 0 ti - If and signed on its behalf by..
Simon Bai'clay
Ti'ustee
Page 7
**Swamp Circus Trust Limited Notes to the Accounts**
## **1 Accounting policies**
## **1.1 Basis of accounting**
The accounts have been prepared under the historical cost convention and 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 (FRS102) second edition - October 2019 (effective 1 January 2019);
- the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102);
- the Companies Act 2006 and
- the Charities Act 2011.
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
## **1.2 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.
## **1.3 Fund accounting policy**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Designated funds are amounts that are allocated for specific purposes by the charity itself.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Revaluation funds are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market value.
## **1.4 Income**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS102 SORP or FRS102.
Items of income are recognised and included in the accounts when all of the following criteria are met:
ꞏ the charity has entitlement to the funds;
ꞏ any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity;
ꞏ there is sufficient certainty that receipt of the income is considered probable; and
ꞏ the amount can be measured reliably.
Donations and legacies are voluntary income received by way of donations and gifts. It is included within the accounts when receivable and only when the charity has unconditional entitlement to the income.
Tax reclaims on donations and gifts are included in the accounts at the same time as the gift/donation to which it relates
Page 8
## **Swamp Circus Trust Limited Notes to the Accounts**
Donated goods and services are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material.
The value of services provided by volunteers is not included within the accounts.
## **1.5 Resources expended**
Liabilities are recognised where there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and includes the attributable value added tax which cannot be recovered.
Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are the those costs required to support the charity in carrying out its activities and meeting its objects.
Governance costs include costs associated with meeting the constitutional and statutory requirements of the Charity, including the preparation and examination of the statutory accounts, the costs of trustee meetings and other costs linked to the strategic management of the Charity including the cost of any legal advice to trustees on governance or constitutional matters.
## **1.6 Tangible fixed assets and depreciation**
All assets costing more than £1,000 are capitalised.
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, which is reviewed annually. The rates used are as follows:-
Plant and machinery -10% straight line Motor vehicles -25% reducing balance Office equipment - 25% straight line
## **1.7 Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **1.8 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.
Page 9
**Swamp Circus Trust Limited Notes to the Accounts**
## **1.9 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.
## **1.10 Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.11 Creditors and provisions**
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.
## **1.12 Pension costs**
The charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the rules of the scheme.
## **1.13 Leases**
Rentals under operating leases are charged to the statement of financial activities on a straight-line basis over the lease term.
## **1.14 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 charity is a company limited by guarantee and has no share capital. The charity is incorporated in England.
In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.
The members of the charity are the trustees named on page 1.
Page 10
**Swamp Circus Trust Limited Notes to the Accounts**
## **3 Statement of Financial Activities - prior year**
|**Income**
**Income and endowments from:**
Donations and legacies
Charitable activities
Other
**Expenditure**
**Expenditure on:**
Investment Management Costs
Charitable activities
Net gains/(losses) on investments
Other gains/(losses)
**_Reconciliation of funds:_**
**_Total_**
**_Total_**
**Net income/(expenditure) before**
**investment gains/(losses)**
**Net income/(expenditure)**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**|**Unrestricted**
**funds**
**2023**
**£**
4,363
40,600
648
45,611
48,679
48,679
(3,068)
(3,068)
(3,068)
1,193
(1,875)|**Restricted**
**income**
**funds**
**2023**
**£**
-
13,900
-
13,900
20,751
20,751
(6,851)
(6,851)
(6,851)
86,192
79,341|**Total**
**funds**
**2023**
**£**
4,363
54,500
648|
|---|---|---|---|
||||59,511|
||||-
69,430|
||||69,430|
||||(9,919)
-|
||||(9,919)
-|
||||(9,919)
87,385|
||||77,466|
Page 11
## **Swamp Circus Trust Limited Notes to the Accounts**
## **4 Donations and Legacies**
|**Unrestricted**
**funds**
**£**
Appeals and donations
4,064
Donated services
8,600
12,664
**5 Incoming resources from charitable activities**
**Unrestricted**
**funds**
**£**
**_Grant Income:_**
Cornwall Community Foundation
-
Cornwall Council
-
National Lottery
-
Norman Family trust
-
Penryn Town Council
-
St James Place
-
**_Primary Purpose Trading:_**
Events Income
6,910
Circus Clubs
5,636
Fees for workshops etc
10,375
Hire of Big tops
5,500
28,421
**6 Other income**
**Unrestricted**
**funds**
**£**
Office sub let
2,592
2,592|**Restricted**
**income**
**funds**
**£**
-
-
-
**Restricted**
**income**
**funds**
**£**
5,000
56,617
10,000
-
253
-
-
-
-
-
71,870
**Restricted**
**income**
**funds**
**£**
-
-|**Total**
**funds**
**2024**
**£**
4,064
8,600
12,664
**Total**
**funds**
**2024**
**£**
5,000
56,617
10,000
-
253
-
6,910
5,636
10,375
5,500
100,291
**Total**
**funds**
**2024**
**£**
2,592
2,592|**Prior year**
**funds**
**2023**
**£**
4,363
-|
|---|---|---|---|
||||4,363|
||||**Prior year**
**funds**
**2023**
**£**
-
-
9,900
1,500
-
2,500
6,110
9,292
16,098
9,100|
||||54,500|
||||**Prior year**
**funds**
**2023**
**£**
648|
||||648|
Page 12
## **Swamp Circus Trust Limited Notes to the Accounts**
## **7 Expenditure on charitable activities**
|**Direct costs**
Artist fees
Teacher / Workshop costs
Sub-contract costs
Hire of product/goods
Training equipment
Hire of Big Top
Venue hire
**Support costs**
Wages and salaries
Pensions
Rent and rates
Light, heat and power
Insurance
Repairs and Renewals
Office administration
Marketing and promotion
Telephone and fax
Printing, postage and stationery
Cleaning
Travel and subsistence
Bank charges
Depreciation
Total Support Costs
**Governance Costs**
Accountancy fees
Governance costs
Total Governance Costs
**Total Charitable Expenditure**|**Unrestricted**
**£**
5,301
4,621
166
1,310
301
5,276
-
16,975
6,494
106
1,513
795
1,675
644
4,026
1,716
1,650
397
86
71
122
-
19,670
387
990
1,377
38,022|**Restricted**
**£**
10
14,997
1,241
110
5,585
-
1,557
23,500
27,490
429
-
-
-
-
1,423
2,241
-
1,270
-
60
-
4,375
37,310
-
-
-
60,810|**Total**
**2024**
**£**
5,311
19,618
1,407
1,420
5,886
5,276
1,557
40,475
33,984
535
1,513
795
1,675
644
5,449
3,957
1,650
1,667
86
131
122
4,375
56,980
387
990
1,377
98,832|**Prior year**
**2023**
**£**
4,578
15,671
3,205
1,200
-
6,900
-|
|---|---|---|---|---|
|||||31,554|
|||||13,698
210
5,230
1,162
1,724
-
4,228
1,945
1,467
774
19
181
213
6,059|
|||||36,910|
|||||371
595|
|||||966|
|||||69,430|
Page 13
## **Swamp Circus Trust Limited Notes to the Accounts**
## **8 Net income/ expenditure**
Net income/expenditure is stated after charging:
|Net income/expenditure is stated after charging:|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Auditors' / Examiners' remuneration|990|595|
|Depreciation of tangible fixed assets|4,375|6,059|
## **9 Staff costs**
The average monthly number of employees during the year was as follows:
|Staff in charitable activities
Volunteers (nos of people involved excluding Trustees)
The aggregate payroll costs of these persons were as follows:
Wages and salaries
Pensions
Total employee benefits received by key management personnel|**2024**
**Number**
2
50
**2024**
**£**
33,984
535
34,519
17,474|**2023**
**Number**
2
50|
|---|---|---|
|||**2023**
**£**
13,698
210|
|||13,908|
|||19,913|
No employee received emoluments in excess of £60,000 in either the current or the prior year.
The charity operates a defined contributions scheme with NEST. The pension cost shown represents the contributions payable by the charity to the scheme for the period.
The outstanding contributions at the end of the financial period were £658 (2022 £nil),
## **10 Trustees' remuneration and expenses**
Trustees received remuneration or benefits in kind during the year as follows:
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Anthony Eldridge-Rogers|1,418|175|
|Simon Barclay|50|-|
Page 14
## **Swamp Circus Trust Limited Notes to the Accounts**
## **11 Tangible fixed assets**
|**Cost**
As at 1 April 2023
Additions
As at 31 March 2024
**Depreciation**
As at 1 April 2023
Charge for the year
As at 31 March 2024
**Net Book Value**
As at 31 March 2024
As at 31 March 2023|**Land**
**and**
**building**
**s**
**£**
62,715
-
62,715
-
-
-
62,715
62,715|**Plant and**
**machinery**
**£**
67,319
-
67,319
67,319
-
67,319
-
-|**Motor**
**Vehicles**
**£**
26,882
3,500
30,382
11,760
3,780
11,760
18,622
15,122|**Fixtures,**
**fittings**
**and**
**equipment**
**£**
2,378
-
2,378
1,190
595
1,190
1,188
1,188|**Total**
**£**
159,294
3,500
162,794
80,269
4,375
84,644|
|---|---|---|---|---|---|
||||||78,150|
||||||79,025|
|**12 Debtors**
Trade Debtors
Prepayments
Other debtors|**2024**
**£**
806
60
283
1,149|**2023**
**£**
2,935
-
911|
|---|---|---|
|||3,846|
**13 Creditors: Amounts falling due within one year**
|Trade creditors
Taxation and social security
Other creditors
Accruals and deferred income
Bank loans|**2024**
**£**
1,727
1,568
612
990
2,400
7,297|**2023**
**£**
1,236
-
-
595
6,000|
|---|---|---|
|||7,831|
Page 15
## **Swamp Circus Trust Limited Notes to the Accounts**
## **14 Creditors: Amounts falling due after more than one year**
|Trade creditors (more then one
year)
**15 Analysis of funds**
**Restricted Funds**
Development of Chyan Plen
Norman Family Trust
St James Place
The Clothworkers Foundation
Future vision - Cornwall Council
Future vision National Lottery
Cornwall Community Foundation
Other grants below £2000
**General Funds**
Unrestricted funds
Total Unrestricted funds
Total funds|**As at 1**
**April**
**2023**
**£**
73,364
1,500
784
3,527
-
-
-
166
79,341
(1,875)
(1,875)
77,466|**Incoming**
**Resources**
**£**
-
-
-
-
56,617
10,000
5,000
253
71,870
43,677
43,677
115,547|**Resources**
**Expended**
**£**
(4,375)
(1,500)
(784)
-
(47,071)
(2,080)
(5,000)
-
(60,810)
(38,022)
(38,022)
(98,832)|**2024**
**£**
-
-
**Transfers**
**£**
-
-
-
-
-
-
-
-
-
-
-
-|**2023**
**£**
6,000|
|---|---|---|---|---|---|
||||||6,000|
||||||**As at 31**
**March**
**2024**
**£**
68,989
-
-
3,527
9,546
7,920
-
419|
||||||90,401|
||||||3,780|
||||||3,780|
||||||94,181|
Page 16
## **Swamp Circus Trust Limited Notes to the Accounts**
## **16 Net assets by fund**
|Tangible assets
Current assets
Creditors: Amounts falling due
within one year
Creditors: Amounts falling due
after more than one year
Net Assets|**Unrestricted**
**funds**
5,634
5,443
(7,297)
-
3,780|**Restricted**
**income funds**
72,516
17,885
-
-
90,401|**Total funds**
78,150
23,328
(7,297)
-
94,181|**Prior year**
**funds**
79,025
12,272
(7,831)
(6,000)|
|---|---|---|---|---|
|||||77,466|
Page 17