## 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 ma*J"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 SeW*mthed pothion he5d 1StJan4Ary 2023-31* Decernt*r 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 t*thich E19.204 t*Rs unrestrirted fuYhJ% arKI was restrirted funds. ToTrl experxlrture for 12 month permmt t￿jed 31° Decen*er 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