2021-04-01-accounts

Trustees’ Annual Report for the period

From 02/04/2020 To 01/04/2021

Charity name: Handstand Arts

Charity registration number: 1181762

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The object of the CIO is to advance the arts through the presentation of circus performances and other performance arts for the public benefit, in particular but not exclusively for those people living in Bristol and the surrounding areas.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	During this pandemic year which is an off year for our bi-ennial festival, we ran an emergency digital project which supported artists to share the development of their work with the international sector. We learned to use new digital tools and supported artists with mentoring for this project. We spend time online building and maintaining networks in the UK and internationally which benefit our arts sector. We didn’t do any public facing work in this financial year but started to plan our festival for October 2021. This work included a lot of covid related work on contingency planning, local authority consultancy and cancellation planning.
Statement confirming whether the trustees have had regard to theguidance	Para 1.18	The trustees are aware of the Charity Commission's guidance on public benefit

issued by the Charity Commission on public benefit

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38	We didn’t work with any volunteers in this off year of our festival
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	We made progress towards our charity's work with our objectives in the categories of: ● Artform and sector development ● Organisational impact. By supporting the sector and the artists within it, we support the creation of work that the public experiences. By keeping our organisation strong we ensure the resilience and future of it's operation.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	We set objectives against our festival but do not yet have enough year-round activity to evaluate during off years.
Performance of fundraising activities against objectives set	Para 1.41	Following the closure of the normal project grant process due to the pandemic, we applied for an Arts Council ERF fund to deliver a project which was successful. We applied for 1 x international and 1 x European funds which were unsuccessful. We spent time fundraising in this financial year for funds which were allocated outside of it.
Investment performance against objectives	Para 1.41
Other

Financial Review

Review of the charity’s financial position at the end of theperiod	Para 1.21	We held some local authority funds allocated for the 2021 festival
Statement explaining the policy for holding reserves statingwhytheyare held	Para 1.22	No reserves held
Amount of reserves held	Para 1.22	None
Reasons for holding zero reserves	Para 1.22	All our costs are project costs
Details of fund materially in deficit	Para 1.24	None
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	None

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	Our principal sources of funds for 20/21 were an Emergency Response Fund to deliver a project and Bristol City Council funding.
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46	During this year the main risk (besides illness) was retention of staff and mental health implications from the pandemic and decreased European/ international connections and the opportunities they bring due to Brexit and the pandemic. SEISS support for freelance team contributed to financial viability for those individuals which retains them in the arts sector.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are selected by identifying skills gaps in the board and working towards a diverse, representative board. New trustees are appointed by the board.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The charity employs 2 x key freelance staff – one festival director and one festival producer. During the festival the team expands to 9. The CIO is part of wider sectoral organisations – Circostrada, MICC and Circus Change Up.
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charityname	Handstand Arts CIO
Other name the charityuses
Registered charity number	1181762
Charity’s principal address	19 Greenbank Ave. West, Bristol BS56EP

Names of the charity trustees who manage the charity

1 2 3 4	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee(if any)
	Claire Teasdale	Chair
	Sascha Goslin
	Tabitha Moyle	Treasurer
	Kate Webb

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

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Description of the assets None
held in this capacity
Name and objects of the NA
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects
Details of arrangements for NA
safe custody and
segregation of such assets
from the charity’s own assets
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Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser

Name Address

Name of chief executive or names of senior staff members (Optional information)

Kate Hartoch

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Claire Teasdale Position (eg Secretary, Chair, Chair etc) Date 03/04/2022

Profit and Loss

Handstand Arts

For the year ended 31 March 2021

Profit and Loss Handstand Arts For the year ended 31 March 2021
	2021
Turnover
General	5,000.00
Total Turnover	5,000.00
Cost of Sales
Artist Fees 1	15,342.39
Director Circus City Festival	5,500.00
Producer	7,349.00
Production Manager	470.00
Technical Costs	1,192.35
Venue Hire	1,107.81
Total Cost of Sales	30,961.55
Gross Profit	(25,961.55)
Administrative Costs
Audit & Accountancy fees	417.60
Box Office Stationery	1.83
Health & Wellbeing	28.32
Logistics - Travel etc.	46.67
Marketing - Distribution	390.00
Marketing - Social Media	270.00
Office Costs	4.35
Transfer Fees (ex.Paypal)	25.00
Total Administrative Costs	1,183.77
Operating Profit	(27,145.32)
Other Income
ACE	21,829.99
Bristol City Council	18,135.00
Total Other Income	39,964.99
Profit on Ordinary Activities Before Taxation	12,819.67
Profit after Taxation	12,819.67

Profit and Loss

Handstand Arts

CHARITY COMMISSION FOR ENGIAND AND WALES Independent examinerfs report on the accounts Section A Inijependent Examiner'5 Report Report to the trust¢e&l members of , HandstaThY Arts On accounts lor tho year ded I 31Jl March 2021 Charity no Irf anyl 1181762 Set out on pages 1&2 I rerK)rt to the trL(Stees on my examinalM)n of the accounts of the atJve Charity Trusfi for Ihe year ended ) 11431 As the charty's Iwslees, yw are reskY)nsbk for the preparation ofthe a¢￿u￿t$ in acc(wdaKe wth ihe Few1￿ Of￿ CharrtEs Act 2011 rttE ALfl Responso￿litIeS and basis of report I rewt •) res&d of Tlly examinatTh c4 the Trust's aw)urts carrhed IKrt under section 145 of the 2011 Ac( and in carrwng oth my examination, I have followed all awicabk tb"reL1ions given by the Charty Comrnissk under section 14S5llbl of the Ad. Indo￿ndent examinerfs statMnt I have C4Ynp￿ed my emnlnat￿. I confrm that no material matters have come to my attention in connec1￿n the examinab"on. I have no ¢l￿￿m5 and ha¥e ccffle acfoss no thr matters in ¢omecaic Ih the examinion to whth attention sh￿d tr drawn in this ￿port irs der to enable a understandirvJ of the accounts to be feached . Please dle the thè btsck&is Mthey t) not ap￿. Sign•d- 29107121 m.B.IM￿at Relevant Prof￿•10na¢ qualificationlsl or body Irf any): F.C.MA. Address: Love's Grove Worc8Ster WRI 3BX Section B D15closure Only complete If Ihe exarniner r.eeos lo highlight material matters Df concern Isee CC32. Independent examination of tharity 8cwunts." dbfe("ons aThJ guidan￿ for examiners). IER Oct 2018