2023-12-31-accounts

THE CIRCUS PROJECT

TRUSTEES’ REPORT AND ANNUAL ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023

Registered Charity Number: 1190577

Contents

Page No

• 1 Charity information 2-4 Trustees’ report 5 Receipts and Payments Account 6 Statement of Assets and Liabilities 7-8 Notes to the Statement of Assets and Liabilities

Annual Report | The Circus Project | 31 December 2023

Charity Information

The Circus Project For the year ended 31 December 2023

Trustee

Peter Hedgethorne Lucy Kenward Lauren Carroll David Ward John McDermott

Registered Number

1190577

Registered Office

Hangleton Community Centre Harmsworth Crescent Hove Sussex BN3 8BW United Kingdom

Annual Report | The Circus Project | 31 December 2023

Re ort of the Trustees Re rt of the Trustees The trustees present their rEFQrt and audited financial 5tstements fortheyear ended 31" December 2023. The arcus Pro1￿t has been active sirKe 1999. gaining Charity status in 2004. The Circus Project changed from an unincorporated charity to a CIO, governed by a charty constitution which was adopted 2W July 2020. A copy of the constitution is available on requesL The Circus Projecvs governing constitution specifies that the charrt￿S board of trustees shall consist of not less than foLFr141 membefs, nof more than nine191 members. Trustees are appointed for a term of three years by a resolution passed at a property convened meeting of the charrty trustees. In selectirÉ individuals for appointmert as appointed charity trustees, the chartytrustees must have regard to the skn11s, knowledge and experien needed for the effertive administrkn.oft of the CIO. On the 31" of December 2023 there ￿re 5 elected members on the board of tnjstee Lauren Carroll-Trea5urer Lury Kenward-knetary Dat￿￿ Ward-Trustee John M(Derm￿-T1U5tee I￿asK￿l MAKING The charitytrustees are ieswnsible forthe decsion maJ"ng relatingto the govemance stru(￿re, 5rrate2y. r￿k and fmances. and arry issues of 5yiknnt irnpja are voted uwn 05 a mIs￿e board Ihe rnanagement team bebw are Ilelegated the day io th running of the charity during 2023. VI￿ORIA MCmANUS-ARTI￿lc DIREcfoRIADMINI￿PAT0RlsEmDR INSTRu￿oR Se￿￿mplOyed w5ition held lxjèni￿ry 2023- 31# Ctcember 2023 TAMATI SAMSON- SENIOR INSTrUCfOR SeWmthed pothion he5d 1StJan4Ary 2023-31 Decerntr 2023 ALEXANDER POULTER-RIGGER Self*mFkned pJ5ition held IStJonuJry 2023-31X Deiernber 2023 P£HIEVNfl(t5AND PERFORPaAN(E 2023 FufiDIN6 Funds ratsed atow Funthatserslth¥ amounted to £1584.69. YOUTH PERFORMAPXE In May 2023, five students pufwmed Wb a iurtain rni5erfDrthe Revel P￿k Cwcus in W15h Par This wa5 a rare opponunityto perf￿M ￿ a Circu5 8igTop forlhi5 orcu5 company. Annual Report The Circu5 Projeit 31 December 2023

V￿luNTEERs In 2023 we enea8ed M vdurrtee￿ to w(rt fmth ow yourh urcu5 in weth dasse5. Our srudents have been iakinc their L￿ke ol Eur comrwnrty. We held worksw. rafne and 50hd donated cake5 and refreshmerrt5. ADVANCED TRANING pR￿RAMME In 2023. we gained another placemeftt for a student on the Natio￿1 CAT Scheme, makng it4 srudel￿ we now have in a¢fvanced training for Circus. One of our students a150 went ￿ To do their degree in Circu5 at The NaiiDnal Centre for Circus Arts in London. In July 2023 one of our CAT students made a 5ucce55ful appliCat￿n to attended the Summer hool at the prestigiou5 s(hool ENC f Morrtreal for weeks trdining in Youth Circu5. YLXMI T￿Ps In January 2023. we were invited to brng Soy￿rth students and teachersto attend Crque du Sole- Kurios at The Royal Albert Hall. This was an i￿edIble Op￿rtUnIry for many St￿lents to e4)ene￿e a show they would never hare the ttbance to see in usual circumstsnces. suppoKt TO PROFESSKW4AL aRCUS ARnSTS The CiroJ5 ProFa hove supw)rred many profe55b)nal circus arrisrs thro￿ 2023 with the loan of equipmenL These YKlude'. Revel Pu(k Cwcus. First Acr Acrobats. circ0pr¢ar￿ af•d Gra41 and Le¥Tty. Throughout 2023 the core attivities and ob￿l￿t5 of the Circus Proiett hève been built aroufvj (Ikinrable purpose and obiernve5 wilh due regard to public b￿efit in line with the Charity Commi55w)ns guidance on publK beThefft. induduw the gutdance on publK benefft and fee thargw£. The Cycus Projecr relie5 on grants and the income frDffl fee5 and tharges to cover its operating costs. In setting the level of fees. charges and corKessM)ns. the trustees give careful Cor￿lderation io the Kcessits'liTr of the Cwcus ProRcts èctbVbtie5 ènd courses fortmse on l(r4¥ ¥Kome. In 2023 The Circus Project has workedto Khieve these objects usinE a number of IC￿5ed objeaives. Each of the e*ht objectives below have been vffrtten wrthin an understand￿0 of the tharitable PUTPs)se of the C￿ra￿ Projea and the¥ public be￿fft ¥1 line wrth Chariry Commi$5ion guidance cm publK benefft. Annual Report The Circu5 Projeit 31 December 2023

In 2023 The Q"rcus Proprt has worked to achieve Ihese objects a number offocused Objettr￿.'

TEACH PEOPLE." Prwide qualrty tw(U5 art5 cla55e5 and wiMk5h¢)p5 5Urtablefor all aEe5 •nd a abilnies FOSTER YOUNG TALENT". Murtwe wtalent help people who wish to pU￿le a career in the cycus workl JOIN FORCES". Encournge collaboraiions uoss-art partnerships c￿l￿￿E UVES". thl"Ise the use of as a t{m￿ for pwle who are haNTh￿ a drfr in their lives DEVELOP aRCUS". ee n5mimental and trthr in de¥eWng conternporary circu5 regxjnaly and nationalty CREATE WORK.. Create workthat inspires, delEhts the hean. and thallengesthe idea of what circus can be HELP ARrsns" Prov¥Je resources. adw"ce. and practKal 5uppon. showcasing op￿rt￿rtieS and tworkinE oppOnUn￿es for pnjfr55m)n￿ and 5ernpprofe55K>nal arti515 BE EAcELLEI￿.' Be a model of goL¥J praC￿e and artistic excelbence ithwi the sector nat#xwlly A5 of l Jan 2023. the re5eThe5 amounted to £18,856 repre5emed by £16.612 of unrestricted funds and £2,244 of restrKted funds. The 12 rnonih perK¥J ended 31° December 2023 re￿rded net recepts ￿￿er payments of £1,847, represented by £2.592 of unre5tritted receipts over payments bess £745 of r25trKted p￿ents overrerepts. Total monelary 455ets a5 31" De(ernber 2023 stood at£20.704of tthich E19.204 tRs unrestrirted fuYhJ% arKI was restrirted funds. ToTrl experxlrture for 12 month permmt t￿jed 31° Decener 2023 ornourted to t42.659. The Circus Project is committed to ising tts resources in pU￿￿1t of its (hariiaNe obJectNes. It is also cornrnrtted however io maintaining a levd of re5erve5 that 15 prudent io meetiry oryowkg liabilme5. rfrK•eM to ensure that all delivery cornrniirnenis can be and to protect the lorE-terrn future of The 5 Proiecvs opemhjns. The Cirrus Ftrojettseeks to b•loncethtse prwities l* a levd of unresiTKted rtseThts whxh equates to ab￿rt three months ot rurn)inE Costs. As at 31 Decernber 2023. unrestrthd reserves stood at £16.612 whKh rEpre5ents opproximarely &6 month5 of total costs. The Trustee5 ackno￿edge this is above the level set by current reser¥es and is therefore considered suffKient to covercurrent commrtments for the followirygfinarKial year. The Boafd of Trustee5 IS ffWtttorinEthe level of reserves quarttrlyand will tske appr¢)priate a(￿ft rf reseNes oursmle the desi￿1 range. Annual Report The Circu5 Projeit 31 December 2023

Receipts and Payments Account

THE CIRCUS PROJECT

	Receipts and Payments Account for the year ended 31st December 2023
	General Fund Unrestricted Restricted Total 2023 Total 2022
	Income Receipts Funding 1,550 (732) 818 1,333 Workshop Income 2,080 - 2,080 - Youth Class Income 26,229 - 26,229 26,357 Other Revenue 123 - 123 - Sales 140 - 140 - Merchandise 225 - 225 920 Adult Class Income 12,957 - 12,957 10,531 Fundraiser Income - Tickets - 1,252 1,252 - Fundraiser Income - Food & Drink Sales 682 682 - Private hire - - - - Total Receipts 43,986 520 44,506 39,141 Payments Direct costs: Instructor Fees - Adult Instructions 4,638 866 5,503 5,373 Instructor Fees - Youth Instructions 974 - 974 5,373 Direct Expenses 716 1,040 1,756 - Rent - Youth Classes 3,505 - 3,505 4,794 Artistic Director Fees - Workshop 570 - 570 10,755 Artistic Director Fees - Adult Instruction 3,754 - 3,754 - Storage Rent 121 - 121 - Instructor Fees - Workshop Instruction 1,306 - 1,306 - Fundraising Expenese 92 - 92 - Rent - Workshops 650 - 650 - Merchandise costs 634 - 634 920 Cleaning 65 - 65 - General Expenses 10 - 10 - Specialist equipment 1,871 - 1,871 3 Rigging Expenses 130 - 130 279 Rent - Adult Classes 1,198 - 1,198 - Artistic Director Fees - Youth Instruction 10,873 - 10,873 - Other materials and resources - - - 225 Central administration costs: IT Software and Consumables 100 - 100 - Postage, Freight & Courier 84 - 84 - Administrator Fees 6,889 - 6,889 4,618 Travel National 157 - 157 148 Volunteer Expenses - - - 6 Insurance 543 - 543 610 Subscriptions 334 - 334 454 Telephone & Internet - - - 353 Printing & Stationery 36 - 36 - Audit & Accountancy Fees 2,145 - 2,145 786 Other expenses - (640) (640) 847
	Total Payments 41,394 1,265 42,659 30,170 Net receipts (payments) for the year 2,592 (745) 1,847 8,972 Transfer - - - - Net receipts (payments) for the year after transfers 2,592 (745) 1,847 8,972 Balance of Funds at 1st January 2023 16,612 2,244 18,856 9,884 Balance of Funds at 31st December 2023 19,204 1,500 20,704 18,856

Annual Report | The Circus Project | 31 December 2023

Statement of Assets and Liabilities at 31 December 2023

THE CIRCUS PROJECT

Statement of Assets and Liabilities at 31st December 2023

1.	Assets Note 2023 2022 Bank Lloyds bank account 20,694 18,846 Cash in hand 10 10 20,704 18,856 Non-Monetary Assets Debtors - Total current assets 20,704 18,856 Liabilities Creditors: amounts falling due within one year 4,108 2,545 Community account - 200 Net current assets 16,597 16,112 Funds General funds 1 19,204 16,612 Restricted funds 1 1,500 2,244 20,704 18,856 Movement in Funds Restricted Funds Restricted Donations 2,244 520 1,265 1,500 2,244 520 1,265 1,500 Unrestricted Funds General Fund 16,612 43,986 41,394 19,204 18,856 44,506 42,659 20,704 Balance 01/01/23 Receipts Payments Balance 31/12/23	Assets Note 2023 2022 Bank Lloyds bank account 20,694 18,846 Cash in hand 10 10 20,704 18,856 Non-Monetary Assets Debtors - Total current assets 20,704 18,856 Liabilities Creditors: amounts falling due within one year 4,108 2,545 Community account - 200 Net current assets 16,597 16,112 Funds General funds 1 19,204 16,612 Restricted funds 1 1,500 2,244 20,704 18,856 Movement in Funds Restricted Funds Restricted Donations 2,244 520 1,265 1,500 2,244 520 1,265 1,500 Unrestricted Funds General Fund 16,612 43,986 41,394 19,204 18,856 44,506 42,659 20,704 Balance 01/01/23 Receipts Payments Balance 31/12/23
		2,244 520 1,265 1,500 16,612 43,986 41,394 19,204
		18,856 44,506 42,659 20,704

Annual Report | The Circus Project | 31 December 2023

Notes to the Financial Statements

The Circus Project For the year ended 31 December 2023

1. Statement of Accounting Policies

The Circus Project is a Trust. These Financial Statements are general purpose financial statements and have been prepared in accordance with generally accepted accounting practices.

The accounting principles recognised as appropriate for the measurement and reporting of earnings and financial position on an historical cost basis have been used, with the exception of certain items for which specific accounting policies have been identified.

2. Changes in Accounting Policies

There have been no changes in Accounting Policies. All policies have been applied on bases consistent with those used in previous years.

3. Fund Accounting

The accounts distinguish between restricted and unrestricted funds. Restricted funds been raised by the charity for specific purposes or are received from donors and are subject to restrictions on the purposes for which they may be used. Unrestricted funds are those where there are no externally imposed restrictions and are available for use at the discretion of the Trustees for expenditure on its objects or appropriated to reserves for internally designated purposes.

Annual Report | The Circus Project | 31 December 2023

4. Non-monetary assets Aerial equipment (including rigging) – estimated value Mats – estimated value Merchandise – estimated value	2022 2022 566 943 0 0 56 93
	622 1,036

The financial statements included in this report, all of the figures and information were approved

by the board of Trustees on …03.10.24………………………… and were signed on its behalf by:

………………………………….

Peter Hedgethorne

Annual Report | The Circus Project | 31 December 2023