REGISTERED COMPANY NUMBER: 02137755 (Engl8Trd and Wale5) REGisfERED CHARITY NUMBER: 297201 REPORT OF THE TRusfEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR CAROUSEL PROJECT BY Chariot House Limittd Statutory Auditors 44 Grnnd Parade Bri8hto BN2 9QA
CAROUSEL PROJE coNrENfs OF THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2024 Page R¢rt of the Trustees I to 9 Independent ExAmIne$ Report io ststememt of Financiil Aetivilies BlDee Shttt 12 to 13 Cash Flow Ststememt 14 Noteg to the C Flow Ststement 15 Notes to the Fin4n¢ial Statements 16 to 26
CAROUSEL PROJEcTEGisfKRED IYUMBER: 1121377SS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Th¢ mthees who are a150 directors of the charity for th¢ purposes of the Companies Art 2006, preseni their rewrt with the fancial statements of the charity for the year ended 31 March 2024. The trLLSt¢es have adopted the provisions of Awowiting and R¢porting by Charities.. Ststemenl of Recomtnended Prartice appli¢abl¢ to cJwiti¢s preparing their ounts in XCOTdan¢e with the Financial Retthing Standard applicable in the UK and Republit tsf Irelat)d {FRS 102) leffcctive l January 2019). OWEcfivES AND AcfivITILS Objective5 glld Th¢ obie¢t of th¢ ¢hlty. &s s¢t ou¢ in th¢ MemorWUrn of A$Sl8tiOn As to relieve aThJ fillther the education and wellbeing of the legrning disabled and other groups or individuals who, by reagin of their particular ¢iUmstanceS would be wnsid¢red to nefIt from the a¢tivities of the proje£t. W¢ cotrtinue to develop and measure our creative sucttss by using our (bality Indicators. These were created intemalty. aT¥J Arts c(¢][ England has MMented on how success1 they hav¢ been in cr¢atin8 indicators for MurIng sucrtss wtthin learning disability arts. Artis1Se Policy. Everything we do i5 inspired by the tslents aTLd creative abilities of the people with whom we work. We aJsur¢ an innovativ¢, div¢t3¢ and enri¢hing p)rtfolio, by: - Developing the Skills of learning disabled artists to nmnage and d¢liv¢rour ¢r¢ativ¢ work - Supporting learning disabled artists, presenters and producu5 to steer the direction of crtativ¢ prtsg]amtn¢$ through th¢ on80ing development of our pioneering progrnllme management teams - Ertgag]ng the wid¢r arts world in a dISSsion aly)ut the value of learnin8 disability led creativ¢ Work - Developing high quality rnentoring oP]ties for indiwdual leamirtgdisabled artists Offerirtg quality arts experienees led by l¢&miT)g disabled people. Eor learnin8 disabled children, young pwple #nd adults - Producing regionaL national and intaitioNal events s]K)w¢asing the very best learning disabilty arts Developing 5trdte8ic partnerships and collatx>rations nationally and Intertli0nd[]Y to raise th¢ profile of learning disability arts and affect ¢ultUTal ¢hange - Strivingto broaden the reach and impact of ourwot* ittsrnationally - Working with highly skilled and efftctiye staff. freelance and voluntrerteams Public benefit The trustees confm th¢y have poid due regard to th¢ Charity Commission's guidance OD publi¢ nefit. This they cottqider i8 detailed in this report. Page I
CAROUSEL PRIJIECT REGISTERED NUMBER: 02137755 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Ch4tlt4ble 4¢tlvltles A5 we continue to open up following the Covid restrictions we were plead to be able to our public faci]]g events, particularly the Blue Cam¢1 Club, the Ro¢k Hous¢ and th¢ Oska Bright Film Festival. How¢ver we have been busy buildtn8 new parttier5hip5 and ambitiOU5 projects that will 5howcast the skills and crealive talent of our learnin8 disabled artists. E4ch 8rea of our woA( continues to develop and our and i]]fiuetKe grow5 we cultivate new high profile keen to advoc4ts for the representation of leaming disabl¢dartists and 8udien¢es in mainstr atts. W¢ continue ty lnefit NPO fiding from Arts Council England and organisational ffiJDding from the BFL This eonfidence itl our creative LX)lltributron uDde[Pi our ability to plan exciting new PrOamMe$ of work in the o)ming W¢ would like to thank the staff t¢wn. th¢ fr¢elance staff. volunteers Parts and ow arna7ing learning disabled artists fordelivering a creativ¢ intKpvative and excitingyear of al a Fltm & DI Oska Brlght Fllm Festfv41 For its I lth edition. th¢ Oska Bright Film f&4tiva] which look place from 17 March 2024. aimed to be even bigger and better than kfore. With film &xhibition atMI nctWOTking activities sparttting 9 dtys acmss Brighton and satellite screenings a¢S therest of the UK. Alongside presenting the main festival at the pr]giouS Brighioll tkime we presented films at Brighton Lil)rary with On¢ Bum Cinem& a w¢ekend pre¢¢ding the festival with th¢ Vintag¢ Cinema Bus Jllbilee Square and screenings at Duk¢5 a¢ Kom¢dia and The Dep)t Lewes. Nationally the ftstival was presented at BFI Souihbank - London, Th¢ Light {sites across the UK), Glasgow Film Theatr4 Home - MaThchestEr, Hyde Park PIctuhOuse aTKi Barbican tA)[Kl0 MAC- Birnijn8ha Towner Cinema in E&%tixnrne and thE Everymart H(wsham. We had additiort contertt to a]most every screening from the 05ka Bright twn. introthi¢tions. to Q&As, live perfomianc¢, DJS, workshops and Èn industry day. This provided filmm8J(ers and audiences OPPK)minities to wnne¢t professionally, and develop their skills in networking- wth many striking up wtential eollatK>rntions. We ¢ontinu¢ w proudly b¢ th¢ premierplatfotm foT the exhibition of learnitlg disability film. 05ka Bright Sector SUprt W¢l¢ome B We've been able to ¢5tabli5h a Strong network of partners who are ail committed to improving their offer for l¢aming disabled autistic cinemaaudience& We releed our Welcoming Back Learning Llisabled Audien¢¢s Resow¢ featured a rewrt on the State of the stLtor which highlighted p)t¢Thtia] opFK)rtunitie5 atLd challetL8¢S alon8side top tips for getting started and a call to action to join our Welcome BXkNetw0. We have worked ongside Big Egg Films to produce wa]kthrough videos for Barbican - D)ndon HOME Manchester. These have come following full audits of the venu£8 led by (x]r artists. h an absolu* pleasure to tak¢ part in th¢ Oska Bright Inthistry Panel this year, atongsid¢ such brilliant pwple. It was inspiring to be in a rM with such committed peopl¢ and tht festival has such a ivond¢rfDI energyl Jothatlthrt GleneAdi4 Senior Manager- Bgrbltan Cinema PAg¢ 2
CAROUSEL PROJECT REGISTERED NUMBER: 02137755 REPORT OF THE TRUSTEKS FOR THÉ YEAR EtYDKD 31 MARCH 21ll4 Script tt) S¢r¢¢ Oska Bright TAPE (committed plarforn]ing of under-served fJ]rn$) have parthered to devtlop a new t¢mplaie i¢h sits insid¢ Final Draft. Finyi Draft is the indu5ty Standard screenwriting softwar¢, used by pwpl¢ in many professhons and settings. Artists from TAPE and Oska Bright hawe been meeting to develop ways to tnake the softwarE accessibl¢, and Final Draft have been impl¢m¢ntiThg our changes. Eventually. the teTnplate will allow at1ists to write in easy writG and convert il itrto an industy sthndard forma¢ and the other way und, indty stsndard into eisy re&J. This fund)naiity will allow a diverse p(K>l of artists to write and perfomi. Be-ln: Be-tnl is 8 nenvork ofEuropean venues and fihn.makers. We partnered with Klappe Auf in Summer 2023 to dub short films with artists froTn the oskn Bright team. Th¢s¢ filtns have feawred in a touring exhibit called the KLAPPOMAT, which w&8 due to come to Osk& Bright Film Fe5tiYai. however airtraffic ctrol 5trik&s meant the team and exhibit could not lJavel to Brighton. T•iellt DevelopmeDt Work h8s Fen undertaken to develop r¢lationships a¢ross th¢ induw that will bcnefit Car(>usel artists and the wider learning disabled community. ThtDugh our WO with Unilever. w¢ have estoblished a connection with the agency Hogaffh. who are looking to develop more meaningful offer forartists Etyond lighttouch parthasbips. We will be ¢xploring this in 2024. Our relationship with Adult Swim has ¢ontLnue4 with $wnsorthip at Oska Bright Film Festival. We have now been introduced their ED&1 depaTtsnent who are keen lo explore how we can wo]k Jn4)rt bJDadly $$ Wam¢r Bmth¢ their pareni company. Carnusel TV Season 3 comprised Six ephs(yJe5 and featured various mini41ocutRentaries highlighting the interests at passions of our learning disabled artists. Ak)ngside the six episode& we m¢ short behind-the-s¢¢nes slwft4 trailer5 and vilko clips for our social media chamiels. Following eYalu*ion of Season 2 by vi¢wing audien¢4 w¢ decided to trkai a shortu forniat of 10 minute epi%)d¢5. Carousel wa8 broadc by tatest TV acro&s the UK in BTighton. BimiingIm, Bristol, Leed& Canliff, Livejpwl. NewCtle. Tec5ide. North Wa]¢s. Manchester, Nottingham. Keni, Sheffi¢ld and B¢lfast. W¢ gr¢w IM]r pr¢s¢n¢¢ online pr¢5¢ntin8 the sl¥)ws on Y¢M]tub¢ reaching alh audience of over 23.000. I love Carousel TV se&11 3. it is better than ever. A JOUrY itrto the imagiÈJation of some talented and very fimny people. ivs imp)ssible to kTrve. It's fearless ond committed in what it (kjes. The movie porodie5 are genius. Steve M¢di8 T¢4m W¢ trained 8 learning disabled pwpl¢ (Th¢ Media Team) rOsS thrff ar¢ of productiiHJ - fi]mmakin& wdio r¢cotding and wideo edi¢ing. Two of the team secured a two day work placcment with Big Egg prnduction company working on a fcature d(KUtnentary ca]ltyJ Walk the Chalk. The Media Team took on a new role working to subtitle and audio sUbribe the film5 fe4tured in the Osk&Bri8ht Film Festiva]. Carousel Cknorn$ The ChoJiJ5 perfornitd to differettt audiences in a rdllEe of spaces across the year WOLg in collaboration with f¢stivais and other perfomiers to help rais¢ their profile. These included Brighton Fringem Walk the Chalk in Seaford, Glow Choir, Bri8hton tk>me's Take Part event alld the oska Bright Film F¢5tiYdl in Railwtyyland itj Lewes. Page 3
CAROUSEL PROJEcr REGisfERED NUMBER: 02137755 REPORT OF THE TRUSTEES FOR THE YKAR ENDED31 MARCH 2024 The Chtsrus members also delivered group singing wotkshops for 61 young learning disabled students in SEN lleg¢S in Lewes and Brtghton. WorkslM)p activities incltsde41 it)dUctiOns. physical wami-ups. developing eonfiden¢e in using our Ix>die5 and voice& WTiting our own songs al Tthrniin8. We were able to identify a talenknl young person who has now join¢d th¢ Chorus. CwDusel thorns did a wyat job at teaching It was so great for the candidat¢s to be tsught by pfy)ple from their community. We lovd writing the Christmas s¢)ng and gdting to sing Ong wtth the guitar and your lovely vol, the recordings are delightful and I canl wait to share them. Te8therxt E8St tLwe8 College F•itErnund We delivered five Rock House ew¢nts in Brightfj providing the opptty for our bands &MI musicians t(> perfomi aloTh8side guest bands. We e5tabli51wJ a new parttter5hip with Fail Better Recor&%. a local pro]noter in BrightoN brought new elem¢nts to the events props for the stage and a gu¢st ba]kl for each event. This has helped us extend the rsngeof musical styles offer. Fairground is aJ50 collalx>rating with the University of the Arts tATrndon to l(x)k at the baterS that learning disabled artists face in the mainsbram music industy. University swdejjts have attended the Rock House. ¢01¢d attists F.witch and Mac Perry aTKi will be w(ffking on remixtngthem forrel¢ase. We maTMged to secure perforn)an¢e slots for F.witch and Mac Perry at the EquiTh)x Festival and both have deVeld their fan bsse. Thank YOLE so much. Honcstly, thi5 w&s one of the best &ry8s we've ever becn affiliated with. Being a part of it made us all very happy. Soni Ptttsva- Fiilbetter R&ord8 Music Video Fairground artist F.wtt¢h was SUPtea to make a music video of her trk l¢e Cream on Monday. Flo (F.wit¢h) h lear vision of the filnL Includi the fttlings aAd colours (da and gloomy), ond her'look,. Flo worked ¢losely with the film-maker, costume and mak¢ up designerto hl¢ve l)er anbition. Premiered on Youtube in December 2023, the Vid had rrached over 7000 views. Platjnillg a musi¢ vidty) isn't an easy tssk.but with g(K)d plam)ing and the right wpl¢ around you, you have been able to achieve your vision, and the Video is brilliantl IA)V¢ the vibe. feel and look of the video. So well done Flo. Mi¢helle Myrie- Youth Musi¢ Radio and Broadcast The Radio team pwduced 12 [10 show5 and rxknts. bll>adca%t on RadIOReve and released on Spotify Acros5 the year th¢ radio show featured I I new tracks by learning disabl¢d rnu5icians and develOj new mateti81 recorded at outrea¢h sessi¢)ns with 30 yi)ung learning disabled people: N¢w content w&s produced undcrthe hing5 When I'm Prime Minister - yoim8 learnin8 disabled people &xplain how they would change their own lives, the lives of others and the world forthe better. You, M¢ and the Sea - Conver5atiort& and sknri¢s inspid by th¢ s¢a and retonled 8t aUdEnl wfront loe&tions. Sounds like my lifr- IEgrnin8 di5abkd ppIe,$ honest and mealing oudio diaries. Do you lik¢ good vibe5? l know I do. This W¢aS is simply that. There's ph¢nomenal sound desi, great audio quality, fascinating fa¢ts, and some ama7iDg Story tellin8. Not onty is this a banging show as 1$, it also won recognition for its quality with an Audio Produ¢tion Award last year? So strap in aTKi listen to Joel. J850n and Fran's hilarious banier on this glorio$ 30 minute bttCS1 show. Artiele '5 Pdts to Listsn to Bryond D]bilIty PTidt Month, on podbiblemagcom Blue Cajnel Club The first Blue Camel Club was prodw¢d in parlnership with Brighton Fringe F¢stiwai, and t*x)k plw¢ al Cardvanserai, a iemp)rdry multi-stage venue Brighton. This v¢nu¢ was opEn to the public dwing th¢ ¢LU increing the visibility of learning di5abl¢d pts)pl¢ in th¢ ¢ity- Page 4
CAROUSEL PROJE£f (REGI EREDN MBER: 1121 REPORT OF THE TRusfEES FOR THE YEAR KNDED 31 MARCH 21124 The s¢cond Club w&s at The Old MarkeL and piloted a'Quiet Houe where quiet¢T musi¢. fewer people aThd ststic lighting supporttd clubbo5 who fthd the main ¢vent too ch3llenging. We ¢ontinued to supwrt th¢ Blue Camel Club team to plan and deliver the events and to take on new role5 doing surveys and interviewing clubbers for social media. The Blue Camel Club also delivered 3 DJ work5hop5 to develop t)¢w tslent for tUre clubs It was such a p[Ure for us to host the Blue Camel Club Luna Parc (our m&in venue) in Caravartserni at the Brighton Fringe. The atmosphere was electyic aJ]d it really show¢&sed how learning disabled ortists and audiences can sit s1[Y within this venue programme atMI be port of the mainstream programme instead of on the outski. Having the Blu¢ Camel Club hele w&% an inJw>nant part of our learning in how we mak¢ our venue accessible to a br1 rogE of disabilities and although we had made considerable effotts beforehand th¢ feedback frot]] the artists th¢ audien belped us hone down the drtails to make improvements for everyone using the venue. The Djs perfom)ing on the ni8ht were absoluly wmparable with the DJS ]xrfornin8 thr(w8hout the festiva] showcasing that learning disabled artists Can obsolut¢ly b¢ leaders and Tole mode15 in the arts comjnunity. Z&bA, Cretive And Vemue Produeer, car9vr91 Children aDd Young People Caroustl delivered nine ¢miiv¢ ans W0shopS for learning disabled children and young tp]e to en8age with arts and ulture. Workshops were led by legrning disabled anists from our music. radio 0] film proje¢ts providing powerful role models. Four of the wot&sh)ps were for children aged 12 - 18 and fiv¢ of ihe workshop5 were for learning disabled youllg pcople aged 18-25. Each of the w$hop$ gave parti¢ipants the thTiII of being ¢reative and tryÉt)8 Ollt a range of artfoms. We work¢d in partnership with Hurly Burly Theatre and Parable Dance to d¢liv¢rthe workshops. My Word W¢ supported our STX)ken word artists to wri artd perfomi their rK>ety and storytelling at seven 'mainstre8m' events and on¢ learning disability-focuscil ¢v¢nt. Each artist perfomie41 on bills that also included non-lvdming disabled perforn)¢rs. Events included Sunday Assembly. Rebel Soapix)x, Scratch M¢¢t, Op¢n mic at F(K)dliic restaurdnL Blue Camel Club at Caravanserni and Brighton Dom¢ Otw Ar$ Day. Each of our spoken Word artist5 hav¢ really develoFd their prAthi¢e rii confess that 15tarted out with a onI$lg minds "oh, isn't she sweet"", and within s¢¢onds I in awe. As Mne who write5 FK)etry ¥nys¢lf, I lumed a real practical poet's lesson, which i4 you donl have to go on. Sb¢, in very Very short po¢n. tnakes su¢h an impact. Kay Scorer? publisbed poet Posttards From My SesideTovn This n¢w mlllti-artforni prnject brought together 8rtists fiY)m Carousel, the world-renowned productitsn Company dr¢8mthinkspeak and older learning disabled SIdents of coastal location5. The proj¢¢i will con¢lud¢ in 2025, with tht odu¢tion of a18rg&scal& perfortnan¢¢ at Worthing Pavilion. le1 Artists w0¢d with 5 partner or8anisations in Worthing. Bognor, Portsmouth and Folke5tone to en8age older karnin8 disabled residents to tell their stories abDUt living in their towii. Creativ¢ FolkeMot)¢ is $sione aFx>ut its COTE]mitmeni make Folk¢ston¢ a b¢tt¢r pl lo live. wort play. study and visit FOR ALL. and w we are excited to E¢ w0)ng with allother arts organisation has thes¢ ¢or¢ values and are interested in what we wuld l¢am from this expeiience Flon# KJngsmaD, D¢puty Chief Exttutiv4 CreAtive Folkes¢on¢ Task Force We've established a new 8roup of key artists from across our projects to help driv¢ our creative srysion and ambitK)n and who can rq)resent Carousel and leaming disthility arts on th¢ wider stage. who could help develop our creative vision. Th¢ leam undthx)k Public Srktiking training and represented Carousel at 03ka BrightFilrn Festival even Page 5
CAROUSEL PROJE REGISTERED NUMBER: 02137755 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Crethe Mlnd8 Creative Minds is the national network of learning disabled artists and the ci)mpanie5 that 5UPPOrt them. Our plans to begin a research project b&8¢d on the experienc of artists iD th¢ n¢tworks wer¢ delayed but we ¢onttnued to meet together and to share news via a n¢wsldter. 'LeadeT5hip' was a key topi¢ in rnc¢ting5 and we heard from our pthrs knw ts) support l¢arning disabled people to be It¢15 in the arts. We need strong leaming disabled leadehip to itwire the next genemiott of learning disthled artists CtiVe Mind$ rt¢r &)tiAI Medi# CAROUSEL: March 2024 followtts= InSts8t- 1,808 (20Vl in¢JYase from April 2023) FattlMx>k- 2.818 {4.1% Incre from April 2023) Twitler- 3203 {0.49/0 incNse from April 2023) yTube- 574 IIV/o in¢re&s¢ from April 2023) OSKA BRtGHT.. March 2024 followers.. InstrdW- 2,053 Facebook- 1.780 Twitter- 2.813 YOuTu- 26 FINANCIAL REVIEW Financial position Carousel tInueS to offer an ambitious PfO8ramme of worK both locally and nationally in an un¢etsin rxonomic and polits¢ai ¢limate. W¢ ar¢ very wns¢ious that thejr is an increasing need in the wider community for fithding and that the competition for grants 15 8rowin& Wc COntU¢ to keep this under review and develop our fundraising strdtegy to xcess n¢w av¢nu¢$ and opportunities. We thntirtue to recerve ndIttg from Arts Council England &8 a National Portfolio (hganisation which rVIde$ a funding framework from which we can attract other supwrters. (h]r grant from BFI allow5 US to develop the Oska Britht Film Fe5tiYaL championing learnin8 disability mad¢ film ond reaching n¢w audt¢n¢¢s acr05S the and b¢yoThl. We have ken sUesSful in altractin8 gfdnts from a range of fundcr5, in particular from charitable Irusts and foundatiot4 many of whom have supported over & number years. We would like to thank all our funders and sUprtS that have all helped us to Irls¢ a success1 and ambiilousyr. Inyestment lleY attd objettfves Under the Memordndum 8nd Articl¢s of As50ciation. the charity ha5 the power ttTr invest in any way the tnLStees wish. The tNstee& having Jrgard the liquidity wuirements of Carous¢l and to the r¢s¢tw¢s poli¢y have op¢rot¢d a po]i¢y of k¢¢piDg available fullds all Itr£stb¢arInS dep)51t account and s¢¢k to athi¢v¢ a rateof d¢p)5it int¢r¢st.
CAROUSEL PROJEcr RF.GisfERED NUMBER: 02137755 REPORT OF THE TRIJSTEES FOR THE YEAR ENDED31 IKA FINANCIAL REVIEW Reserves poiiey The trustees believe it is imw>rtant they hold funds &s finatJGial rcserves the fimds necessary to ensure an ordered and prop¢r c105ur¢ of Carou5¢1. The trustees only wish to have these financia] resetves at aminimum lev¢] and will therefore reviewthe fi]niLs annually. The reserves will fitnd.. Any r¢dunthcy paym¢nts du¢ to ¢mploy¢¢& Tern]inating s¢]vi¢e contrnth such a5 office rent and equipment. C¢)ntiThg¢w Sum for outstanding liabililies. Arwuntancy> audit and otheT professional rosts- and The smoothin8 of any flwtuations in fi]ndraisin8. The Resttves Policy assumes no immediate withdrawal of funding will {r. To c4)ver for an IMM181¢ loss of fd$, stsff costs f(three month5 should be added. Can)usel is ¢ommitted io using its funds in pursuit of its ¢haritabk obj¢¢tiv¢s however th¢ Tnste¢5 recognise the need to hold a level of reser¥es that is prud¢ntto me¢t ongoing liabilities. In order to balance these priorttse5. the tNstees hav£ agreed that it i5 pnKlent to IK)Id re5crves that equate to a minirnum of 3 months and a m&ximum of 6 months Operation cOs. At 31 Mor¢h 2024 the is £140,611 in unttstricted funds which quat¢s to 3.5 months of exp¢tKliwr¢ at Current levels. The fubjre financial outl(M)k is to pur5u¢ a policy of identified irea51ng resetv¢s given the uncertainty of the euJTent e¢ontsmi¢ ¢lim&. This will be undenaken ihrollgh div¢rgifying income genertion and by continuing to ¢ffectiv¢ly manage resources. The tK)ard of tn¢S and the Managnl team moniiots the level of resetwes and takes apwopriate tion if TE5etves fall outside the de5itEd rang& srRucfuRE, GOVERNANCE AND MANAGEMENT Gt)verning do¢ument Carousel Projeci is a company limited by guarantee governed by its Memorandum and Articles of Associatitin dated 4 June 1987. It is aregiSter as a charity with the Charity Commission datsj 13 July 1987. Trust¢¢5 and Mwem¢nt ar¢ m¢mb¢rs of the C¢)mpany and there ar¢ ¢urT¢ntly 19 Membe ¢a¢h of whom agre¢s b) ntribu £1 in the of th¢ clwity winding up. Retrnitm¢ttt a pSn1¢i of rtew trustees As set out in the Articles of Association the chair of the tn]stees is nominated and elected by thc Board of TnLStees. New trustees are tK)minated by tres and managernent and if Se]d for apwintment are elected nValty by the members attending the Annual Gene1 Meeting and serve for a of three years before Irsi)ng and putting themselves forward for re-eltIOn. Org*nisational strudure The Board of Trustees. which call have up to 30 members. administers the charity. The knard meets six times per year and wh¢n appropriate there are $ub-U)mmittees Covering develtspmeth( finance and audit which meet tnotr regularly. An Executive Director is appointed by the trsteeS to manage the day to dHy operation$ of th¢ Charity. To &iliiate effective operntions. the Executive Dir¢Ltor h&s delegated autlK)rity. within ternjs of del¢8ation approved by thetruste¢s. for th¢ ¢)perational matters iwludiThg finance, employment and anisti¢ perfornian¢¢ r¢lat¢d activity. Page 7
CAROUSEL PROJEcr EGIST£RED NEWER: 02137755 REPORT OFTHE TRusfEES FOR THE YEAR ENDED 31 MARCH 211Z4 STRucfuRE, GOVERNANCE ATrID IWAGEMEiYr IDductlon and trnlnlng of new trnsttts New tnthes under80 a period of induction to brief them on their legal obligations under charity aDd coMpaY law, the ntent of the Memorandum ond Articles of AS¢latiOn, the committee and decision making proce4 the business plan and e4)t finan¢ial perfonn8nce of the cbarity. DuriD8 the induction they tnect key employees and other tres. TnL4tees are obli8ed to attend &rninimum of two bosrd meetings as an observer before being eleLted. Risk managernent Risk magernent plan$ art reviewed ea¢h yearallowin8 US to f&ctor in atty'new risks (Changed cireumstAThees. We have engaged 8n ext¢rnal s¢rvice, Avensure, to supw)rt us in reviewing our wlicie5 8t prottdurcs and all our Health and Safety ensuring that they are fully eomplioni and refleaing best practice. REFERENCE AND ADMINISTRATIVE DETAILS Registe1 cOmnY Dumber 02137755 (knglznd and Wale5) Registered Chgritynurnber 297201 RWered offiL Community Base 113 en$ Road Brighton East Sussex BNI 3XG TThslfeS D Swindells J Wild (resigned 171412023} P Wild Treasur¢r{r¢si8ned 171412023) S K Watson Chair CLEOffley R W J Powell Ms R Hassan Ms K A Pentec05t R C Warren Ms A DimitrJj¢Yic {apTX)Intl 1211212023) M5 D GarrAtt (app)I¢¢d 1816120241 M5 1 M R05Siter{apw>int¢d 181612024) J Wyld (apw>inted 12112J2023) (resigned 181612024) coMpY Secretary D Swindells Independent Ex*mintr Dr sIa F Wardrop C.A. ChariotHouse LityJi¢d Statutory Auditors 44 Grand Parnd¢ Brighton BN2 Executiyt Direetor ERHail Page 8
CAROUSEL PROJECT REGISTERED NUMBER: 02137755J REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AT4D ADMINISTRATIVE DETAtLS B*nker5 Metro Bar One Southampton Row London WCIB SHA WorkingN4me Carousel This repJrt has been prepaytd in accordance with the wiai provisions of Part IS of the Companies Act 2006 relating to small companies. 03. SEP. 20I.P... Approved by orderofth¢ lyjard of trusttts on................................... . and siglled on its beha]f by.. Ms J M Rossiler- TrStee Page 9
INDEPENDENf EXAMINER'S REPORT TOIIIE TRUSTEES OF CAROUSEL PROJEcr REGISTERED NUMBER: 02137755 Indepedl exAmlner's report to the truyteeg of Crottstl Projttt (Xht CompAlly') I report to the charity trustees on my examination of the acwuDts of the Company for the Year¢nd 31 March 2024. ResprwlbAlities and basis of rert A5 the charity's tru5tee5 of the Company (atKI also tts directots for the pwrjws of company lawl you are reS)nsIble for th¢ preparation ofth¢ awunts it) a¢¢ordan¢¢ with the requirements of the ComparJi¢5 Ad 2)61'the 2006 Act'l. Having satisfied myself that the accoutts of the Company sre t wuired to be Audited under Part 16 of the 2006 Act 8Dd ore eligible for ind¢pend¢nt examinion, I report in respect of my examination of your charity's accounts &s Wri out under Section 145 of the cltieS Act 2011 (Ihe 2011 Act). In canying out my examinatiott I have followed the D1ctiOnS ¥iven by the c1]ty Comrni5sion under Section 145(5) Ib) ofthe 2011 Act. Independent examlner's statemen¢ Sin¢e your eharity's gTgSS ineome ex¢¢eded £250,(NJ) your examiner must be a member of a listed ix)dy. l <*n cotthm that l am quatifjed to und¢rtake the examination Fwaus¢ l am a member of the Institute of Chartered Accountants of Stotiand, whi¢h is one of the listed iKxlies. I have completed my examination. I confimi that no mattw5 have come to my artention in conneclion wth the examination giving me cause to believe.. accounting rrdS w¢re not kept in r¢specl of the Company as required by Section 386 of the 21M)6 ACL. or the accounts do not accord with tlK)5e rewr¢ls: or tbe accounts do JK>t comply with the accounting re4uirements of Section 396 of the 2006 Act oth¢r than any requirement that the acix)unts give a true and fair view which is t1 a tnatter c(5]dered part of an indepe4Jdent examination. or the acwunts hav¢ not be¢n PT¢paTed in a¢cordoncx with th¢ m¢thods and prin¢ipl¢s of th¢ Sia¢¢m¢nt of Re¢omme]bJed Prnetiee for xe0ting and reporting by djarities {applicable to charities prepating their a¢counts in accordance with the Financial Ring Standard applicable tn the UK and Republic of Ir¢l8nd (FRS 102)). I have coneerns and have corne across no other matters in cOnttIon With the examEnatI to which attentioD should drawn in this rewrt in order to enable a properundetstanding ofthe accounts to be teached. Dr Shona F Wardrop C.A. The IDStitute ofcharterrd Accountants of Swt]and Chariot House Limited Statutory AudTtors 44 GId PaTad¢ Brighton BN2 9QA Page 10
CAROUSEL PRwEcr STATEMENT OF FINANCIAL ACTivifIES IhCORPORATING AN INCOME AND EXPENDITURE ACCOUNr FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds UnrEStricted fi]nd8 INCOME AND ENDOWME1 FROM Donations 8nd legacies 90.683 129,023 219,706 206,458 Ch8ritable &ctfvl¢ks ClubslLiv¢ Arts Filtn and Digitsl Mu$1¢ and Radio Other activities Other projects- multi media 10.408 173,734 51.082 10.408 173.734 51,082 5.633 372 21,801 96,504 43.526 37,464 500 5,633 372 (h¢rtr]llg tiVItIeS Investment income 1,000 574 1,000 168 574 Total 96.890 365,619 462,509 407,421 EXPENDITURE ON Raising futlds 9.359 36,379 45,738 33,450 Charitl)k ¢tivities ClubslLive Arts Fi]m and Digital Music and Radio Sharhng Our Skills Other a¢tivitie$ Other projects- multi media 51,552 168.605 82,956 10.163 51,552 168.605 82,956 10,163 87J 3,196 40,468 139,667 74,171 17,162 76,440 9,188 87,392 3,196 Totsl 96,751 352,851 449.602 390,546 NET INCOME Transfers betweeTh full(Ls 139 {1.151) 12.768 1,151 I2.7 16.875 18 Net Moveme in funth (1,012) 13,919 12,907 16,875 RECONCILIATION OF FUNI)S Tota] funds bn)ughi forward 141,623 2,392 144,015 127,140 TOTAL FUNDS CARRIED FORWARD 140,611 16,311 156,922 144,015 The notes form of these financial statements Pagell
CAROUSEL PROJEcf REGISTERED IYUMBEIL. 02137755 BALANCE SHEET 31 MARCH 2024 2024 Totsl funds 2023 Total funds Unrestricted Restiicted fiand fimds FIXED Assrrs Tangible assets 14 672 672 1,008 CURRENT AETs Debtors Cash at bank and in hand 15 2.641 148,093 2.641 164.404 21,760 147,519 16,311 150,734 16.311 167,045 169,279 CREDITORS Amounts falling due within one year 16 {10.795} (10,795) (26.272) NET CURRENf ASSETS 139,939 16.311 156,250 143,IX)7 T(wfAL ASSEIS LESS CURBENr LIABILITIES 140,611 16.311 156.922 144,015 NET A&SETS 140.61 I 16.311 156.922 144.015 FUNDS Unrestricted funds: Geral fwid Restrictej fund5 18 140.611 16.311 141,623 2J92 TOTAL FUNDS 156,922 144,015 Th¢ ¢hwifr8ble company ts etltitled to exemption from audit under Seetion 477 of the Companies Aet 2(KJ6 for the y ended 31 Msreh 2024. D]eD]ber5 bave not wuired the company to oF&in an audit of its financial statements for the year ended 31 Max¢h 2024 in aceordaDce with Section 476 of the Compa1¢5 Act 2006. The tru5ttts ackttowledge their responsibilities for (a) ensuring that the ¢haritabl¢ wmpany kws cOUnting records that C4)mply with Sections 386 and 387 of the Companie5 Act 21x16 and preparing fitmncial statements whi¢h give a In and fyir vi¢w of the stale of affarrs of the charitable as at th¢ end of each fujaneial ytar attd of its surplus or deficit for each financial year in accordance with the requimn¢nts of Sections 394 and 395 and which otherwise comply with the rwuiremertts of the Companits A 2006 relating to finan¢tal stotements, so far applicable tothe charitable comparty. Ib) The notes fomi part of these financial statements ge12 ontinued...
CAROUSEL PROJECT REGISTERED NUMBER: 02137755 BALANCE SHEET- continued 31 MARCH 21J24 Th&se financial statements have prepared in xcordance with the provisions applic&bl¢ to tharitable companie5 subjed toth¢ Small eompanies regime. The fuwicial ents were approved by the Board of Tn]stee5 and authorised for issue and wer¢ signed on its behalf by: J M Rossiter- TNstee The notes forni part of these fina181 Slaterents Page 13
CAROUSEL PROJEcr CASH FLOW sfATEMENT_ EOR THEILIR EJ¥DED 3LMARaUi124 2024 2023 C95h Ilows from operating Activities Cash gemerated from opei*ioThs 16,311 (38,146) Net¢ash ptDvided bY/(US in) ¢)perating 4¢tivities 16.311 (38.146) Cash lknvs from investing adivili Purchas¢ of tangibl¢ fixed wets Interest receiv (1,008) 168 574 Net Cash provided by/(used in) inv¢stiDg activiti¢s 574 {840) Chonge in c#sh emsh t4th#lents the rertIng perlod C9sh and cAsh equlvAleThts 8t the Ixglnning of th¢ rep(krt5ng perfod 16,885 (38.986) 147.519 186,505 Cash •ttd ¢4sh ¢qulvthts 8t the end of the reporting period 164,404 147.519 The notes forn) p8rt of these financial statements Page 14
CAROUSEL PROJEcr NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDEDJI MARCH2024 RECONCIIJATION OF IYET INCOIIIL TO NET CASH FLOW FROM OPERATING AcrIvrrtES 2024 2023 Net Incom¢ for the r¢portillg P¢Tiod per tht Stateent •( Finaneial ALXivities) AdjusÈmellts for: DeprwiatiOTL Gharg¢5 Interell receiv [k¢a8¢/[lncrea$tI in detrtors tk¢reas¢ in ¢r¢ditOTS I2,7 16,875 336 (574) 19.119 (15.477) {168) (20.040) (34.813) Net 5 provided byl(used In) 0tIOnS 16,311 138.146> ANALYSIS OF CHANGES IN NET FUNDS At 114123 C&sh flow At 3113124 "Net ¢4th C&sh * bank atld in hand 147,519 16,885 164.404 147,519 16,885 164,404 Total 147.519 16,885 164.404 The notes fonn partof these fjnancial ststtmerts Pagels
CAROUSEL FR0cr NOTES TO THE FINANCIAL sfATEMEiYrs FOR THE YEAR E]YDED31 MARCH 2024 ACCOUNTING POLICIES B8$is of prering the fiTr8Dcial st*t¢JD¢nts The fthancial statements of the tharity. whi¢h is a public benefrt eiitity under FRS 102, have been prepared in accordance with the Char¢ties SOiiP (FRS 102) 'A¢wunting and Reporting by Charities.. Statement of Recommended Practice applie4ble to charities preparing their accounts in accordance with the Finan¢ial Rep)rting Standanl applicable in the UK and Republic of Jrei3nd IFRS 102) (effective l January 20191,. Financial Rep)rting Startdanl FRS 102 The Financial Rew>rting Stathdard applicable in ihe UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prewdred under the historical wst conv¢ntion. CaJL)usel Proied meets the definÈtion of a public I¢fil entity under FRS 102. Assets and liabilities are initially reCols¢d at histori ¢(TrStor traTL5action valu¢ un1¢55 othetivise stat¢d in the r¢l¢vant a¢¢ountiDg p)li¢y not¢(s). The accounts sre prepared tn sterlin& which is the functional currency of the charity. Monetary amounts in these fin8ffl¢tai slatements 8Jr rounded to the n¢ESt£ Golng Concern At the time of approvin8 the fmanci8] statements, the tsStee5 have a reasonable expectation that the charity h8S ad¢4uat¢ wwuJr¢s to ¢ontinu¢ in op¢rntional ¢xist¢n¢e for the foffs¢¢able future and on that basis the ¢harity is coDsidered kn be a going concern. The tsu5tee5 have considered the level of fuDds held and the expected level of income and expenditure for l2 months from authorising th¢se finan¢ia] statemetjts. The budget in¢ome and expenditure is sufficient with the level of reserves for the charity to be able to continue &8 a goin8 concern. The directors reganj any impact to be short tem rather than affecting the company's ability to ntte a% a going concern. There are no material Unce]ntieS affectinsthe currtnl ye&s accounts. The signifi¢ont accounting policies applied in the preparntion of these financial stst¢m¢nts are S out below. Thes¢ w)licie5 haye been consistently applied to all year5 presented unle55 othenNise stated. Incojtte Incoming re50ur¢es InLx>me is reco8rti5ed when: a) the charity h&% entitlement io the fvnds; b) any mianCe conditions atiached to the ttems of ithcome have been met. cl it is probable that the income will be r¢ceTvel' d) the amount can be measur¢d Teliably. DonAtlony Donations are cOUnted for 89 e1ved. In the event that a donation is subject to fi]lfilling performance conditions before the charity is entit]ed to the fvnds. th¢ in¢ome is deferred until either thos¢ conditions are met in full. or th¢ir fulfilment is wholly within the control of the charity and it ts probabk that those conditioms will be fulfilled by th¢ Jrporting p¢riod. LEg8ry income The charity reColSeS residuary l¢ga¢y ina)rn¢ at the e4rlier date of receipt or when the executors have deterniined that a Wdyment can bE made following the agrcem¢nt of the eslate's xcount& oron notification by the exe¢utOJS that payment will be made. Where legaci£s have been nottfied to the charity, or the charity is aware of the granting of probat¢ and the crit¢ria for inwme recognition have not been me( the legacy is treated a5 a contingent asset and disc105 if mateNal. GT8nt intome. Intome from chayitsbk 4diviti¢s Income fiDm ¢h8ritabl¢ activities tncludes income rrfeived uThAer contra¢t or whar entitiemetrt to grwrt fimding ts subjett io S¢IfiC conditions and is tWQ8nised a5 earned. Gtatrt funding included in this ¢at¢gory provides ftmding io support activities and is recogniwt where th¢re ts entitlemenl pJDbability of r¢¢¢ipE aThl th¢ amow)t can be measured with sufficient r¢liability. Other ltheome lllcome from investments is recognised on a rtrtivabl¢ basis. Page 16 continued...
CAROUSEL PROJEcr NoTEs.T THE F_INANCIAL STATEMETrtrs- tontlnued ACCOUNTING POLICIES- eontinued Income Income from events is only recognised in the year and period the event tskeg pittce. u11 such time that the event tske5 place any such income ts deferred to fjjtllre period8. Other inming N¢)UTces comwises on¢ off and iry¢8uiar itwom¢ r¢co8llised th¢ same criÈeria for voluDtwy inc¢)m& Lxpenditure Liabilities are recognised a5 expenditure as swn As there is a legal or consbM¢tive obligation ¢ommitttng the charity to thot expendin, it 1$ probable ihat a transfer of economic benefjts will k required in seltlement aT¥J the amount of the obligation can be me&sured reliably. Expendltll is accoutrted ft on an acthia]s b&8hs and has been classified under headings that awegate all cost related to the tegOry. Wheff (x)sts wiTh)t be diredly attrtbuted to particular headings they have been allocated t(> adivtties on a b&sis Consistent with the use of rwurc¢s. Tgllgible fixed assets Tangible fixed are stad at f05t or va]uation ks5 aGcumulat¢d depreciation and a¢¢wnulat¢d ImlM)ent losses. Costs includes eosts directly attribut2bl¢ to tnaking the asset capable of opernting &$ intended. Depreciation is ded on all fixed assets th rates cal¢ulatoJ write off the asset over its esiimv4ted usefui life atthe followtng rates: otti¢e equipment Clpu[creqUIprnelll 3 years stszight line 3 yvdrs straight line Only assets with a value of tsYer£500 are capita]i5ed. The Charity is considered to Pas5 the tests set out in Paragraph I Schedule 6 FinanGe A 2010 and therefore it meets the definition of a charhtable eompany for UK CorrK>ration purposes. Aceordingly the Charity is pontially ¢xempt from tsxarion in resp¢¢t of income or capitsl gains received within tegOrieS covered by Chapter 3 Part I I CoryK)ration Act 2010 or Section 256 of the T&xati4)n of Cha]Etable GaiD5 Act 1992. to the ¢xtent th $u¢h itw)m¢ or gains are applid ex¢lusiv¢ly to ¢baritable purposes. Fwid accounti Getleral unrestyi¢ted fimds available for use at the diKretion of the ttwstees in filltherance of the generni objectives ofthe charity and which have ¢ desiwted forother PUTpose5. Designated funds ¢omprise unrestricted funds that have been set aside by th¢ tte for fvi¢ulAr pllry. The aim and use of each designated fimd is set out in the te5 to the financial 5taternents. Restrict fijnds are fi]nds which ar¢ to b¢ used in drdance with specifir resth¢tions imposed by the donors or which have been rdised by tk charity for partieular Purposes. The c05t of rdising and administing such fimds a d)WEed agoinstihe spe¢ific De018 #nd treditors r¢¢¢lvableJp4ybie wl¢hlD ome ye•r D¢btors and cr¢ditotE with no sthted in¢¢r¢# ra gnd receivable or payable within one year are recorded at tran5adion pri¢e. Page 17 continued...
CAROUSEL PROJEcr NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR THE YEAR ENDED 31 MARCH_2024 DONATIONS AND LEGACIFS 2024 2023 Donations Grant5 4.706 2E5,000 5.336 201,122 219,706 206,458 Grants Te1ved, included ID the atrov¢, ar¢ as follows". 2024 2023 Arts Council Enand-NatitI Portfolio Orgwjisation Arts Council Englat)d 201,122 215,000 215,000 201,122 OTHER TRADING ATrIK5 2024 2023 Sponsorships .000 I,000 INVEsfiINf INCOME 2024 2023 Dewsit aceount interest 574 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity ClubslLive Art5 ClubslLive Art5 Film and Digital Filtyj and Digital Music and Radio Music artd Radio Otheractivities Other &Xivitie5 Other pIe¢ts- multi media Other proj¢ct5. rnulti media Ehmed income Grants Eamed income GI1$ Farned income Grants 9rn ineomt Grants Earned in¢x>me Grants 655 9,753 7563 166,171 4,855 46,227 2,965 1668 372 5.IM>I 16,81K> 3,194 93JlO 42,413 28.764 8,700 5(Kl 241,229 199,795 Page 18 continued...
EL PROJEcr NOTES TO THE FINANCIAL sfATEMETrf13- continued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE AcfiviTIES- continued Grants received in¢lud¢d in the aEove, ar¢ as follows.. 2024 2023 Chalk Cliff TrLL8t Sir Cliff Richard Charitable Trnst Sir Jules Thorn Charitsbl¢ Tn Mrs A Lacy-Ta* Ttusi PeY Biltyn Charity The Charlotte Marshall Charitable Trust Ma¢Andrew Sussex Trus¢ Ernest Kleinwort Charktable Trust The Boshier Hit)lon Foundation Souter Charitable Ttwt The Fitton Tn MIS17anus Youth Mu51G W.O.Stred Charitable Foundatiojj lan Askew Charitable Trnst ThePrince of Wale5 Tn BaTchestees Charitable Foundation The Bori5 Karloff Charitabk Foundation Friar$te Tn Marsh Charitable Trust PRS Foundation David Solomolls Charitabl¢ Trus¢ Cbildwick Tn1 Douglas Arter Foundation The Fitton TN Edward Gostling Foundation British Film Institut¢ The Ashley Family FoLuMlation The KoblerTrnst South tknWnNati0 Pwk fn The Helen Roll Charity Gisela Graham Foundation Hay'.5 Travel Backsts8e Trust Ol¢gProkovi¢v Twst The Samuel Gthnermtmorial Trnst Rix Thompson Rothenberg Four10 The Radcliffe Twst The Lennox Hannay C Tr1 TheNational FoUndlOn 4,550 3,000 1,81N) 250 654 453 1,050 1.500 500 460 565 350 2.200 1,300 1.500 300 463 33.694 1,000 500 24.433 300 750 750 750 51M 8.6(K) 500 5(K) 500 500 4.500 81,600 1.950 155,400 3(K> l J45 1,000 2,000 5,485 6,680 4,800 5(KJ 5,272 2270 2,iM)O 368 224,819 161,723 Page 19 eontinued...
CAROUSEL PR(MEcr NOTES TO THE FIL¥ANCIAL sfATEMEr(rs. eot)tittued FOR THE YEAR ENDED I MARCH 2024 IL41SING FUNDS R¥i91ldn1t1OnS #nd leg8d¢s 2024 2023 Fundraising costs 45.738 33,450 CHARrrABLE AcrIvrriES cosr6 SuprA)rt costs {see note 9) Costs (stt note 81 Totals Club51Live Arts Film w]d Digithi Music and Radio Sharing ( Skills Other activitirs Other projects- multi media 51,552 168,605 82.956 10,163 79,357 3,196 Sl,552 168.605 82.956 10,163 87.392 3,196 8,035 395.829 8.035 403,864 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Staff costs Equipment hire Rent Staff and volunteer exps Travel and accommodation lknnting Pt3£e & $t8tionery ResouTees & consumables In$urnn Telephone & internet aeaning Bank charges Miscellaneous exps DePlatiOn 315.188 1,496 39,618 8,141 13.177 278,420 1,497 31.332 5.862 13.050 1,409 5,515 4,508 ,028 l.670 582 2.080 6.875 5J19 864 1818 432 (399) 336 395.829 346.953 Page 20 continued...
CAROUSEL PROJEcr NOTES TO THE FINANCIAL STATEMEN R THE YEAR EIYDED 31 MAR H 2024 SUPPORT cosrs eosts (Xhw artivities 8.035 Support Costs. in¢lud¢d in the are as follows: GovcrD8nc¢ costs 2024 2023 Totsl activities aclivities Auditors. remwieration BookkeepÉng A¢¢ounthncy and legal fees 5.071 5.072 5.035 3.000 8.035 10.143 NET INCOMFJ(EXPENDrruRE) Nd in¢om¢l(expendiwj is stated after char8in81(creditin8): 2024 2023 Auditors, r¢muneralw)n Bookkeeping Depreciation- owned as5Cts Operating lew rentyls- L4nd and Buildings 5.071 5,072 5,035 336 21296 ii. TRUSTEES, REMUNERATION AND BENEFrrs There wer¢ n(F Irustees. reme10Th or other E¢nefits for the year ended 31 MaKh 2024 nor for the y¢4r ¢nded 31 March 2023. Trustees, expenses Thcr¢ w¢tE trustees, expetLses paid forthe year ended 31 Mgrth 2024 nor for the yepr ended 31 March 2023. Page 21 continued...
CAR SEL PR TO THE FINAN{ AL LOR THE YEAR Ef4DED 3J MARCH 2024 - toDtiDued 11 STAFF cosrs Staff costs durmg the year were a5 follows: 2024 2023 Wa8e5 and Salaries S(Kiai security cosLy Pension costs 218.625 14,760 203,457 14,275 Th¢ average monthly headwunt was 9 (Full time equtvaiertts 8). The clwity considers lis key management per8onn¢l to be the tsustees along with the director, the Senior producer-film and digi and the senior prJU£er - music and radio. The tots] ¢mployee benefits of the key management ronnel (including cmployees n8tional insuraftce Contributi(5) were £126,96912023: £124,624). 11 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES Unr¢stri¢t¢d fund Restricted fid5 fund$ INCOME AND ENDOWMENTS FROM Donions and legacies 74.699 131.759 206,458 Charltsble Aetivlties ClubslLive Arts Film and Digital Music and Rwjio Other a¢tivities Other projects- multi media 21,8OI 96,504 43.526 21.801 96,504 43.526 37,464 51K> 37.464 500 Other trdding activities Investment income 1.000 168 168 Totsl 112,331 295,090 407.421 EXPENDITURE ON Raising funds 14.186 19264 33.450 Charltsble ¢¢ivitie5 Club&Qive Arts Film and Digital Music and Radio Sharillg Our Skills (hher artiviti¢s (Jher projects- multi media 40,468 139,667 74.171 17,162 40,468 139.667 74.171 17,162 76,440 9,188 76,440 9,188 Total 90.626 299.920 390.546 NET INCOMEIIEXPENDITURE) TrAnsfers be¢we¢D fuDds 21,705 (2,567) (4,830) 2,567 16.875 Net movement in funds 19,138 (1263) 16,875 Page 22 rAmtinued...
CAROUSEL PROJE NOTES TO THE FIP4ANCIAL sfATEMEM8- eotttinued FOR THE YEAR ENDED 31 MARCH 2024 13. COMPARATIVES FOR THE STATEMENf OF FINANCIALAcfiviTIFS- eontinued UnJrstri¢ted Restricted fund funds RECONCILIATION OF FUNDS Totsi fidS brought fotward 122.485 4,655 127.140 TOTAL FUNDS CARRIED FORWARD 141,623 2,392 144,015 14. TANGIBLE FIXED ASSETS Offe equlpment Computer equipment Tota]s co At l April 2023 and 31 Mor¢h 2024 14.990 20.507 35.497 DEPRECIATION At l April 2023 Charge for year 13,982 336 20J07 34,489 336 At31 March 2024 4.318 20,507 34.825 NET BOOKVALUE At 31 Matrh 2024 672 672 At 31 March 2023 1.008 1.008 15. DEBTORS: AMOUNfs VALLING DUE wrrHIN ONE YEAR 2024 2023 Trade debtors Prepaym¢nts 1.621 1,020 20.740 1.020 2,641 21.760 Page 23 continucd...
CAROUSEL PROJEcr NOTES TO THE FINANCIAL STATEMEfm- eotitinued OR THE YEAR ENDED 31 MARCH 2024 I& CREDm)RS: Amouiwfs FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and othertsx¢$ Othe¥ ¢reditots Accruals and deferred in¢om¢ Futhding in advance 436 3,729 3.630 3.000 452 4246 2.796 6.09S 12,683 10,795 26272 17. LEASING AGREEMENIS Minimum l¢as¢ payments under t)on-c8n¢¢llable oper#ting lea fail due as follows: 2024 2023 Within one year 22,296 I& MOVEMEiYf IN FUI¥DS Net rnovemetrt fimds Transfers At 3113124 At 114123 funds Unr¢stTkt¢d funds Generdl fund 141.623 139 (1,151) 140,611 Rtstrided hmds ClubslLive Art5 Film and Digital Music and Radio Sharing Our Skills Other Proje¢ts- multim¢di# 1,912 9,227 1,758 (163) 34 988 2J92 11,619 1,758 163 2,392 12,768 1,151 16,311 TOTAL FUTYDS 144,015 12.907 156,922 Page 24 continued...
NOTES TO THE FINANCIAL STATEMENfs- contlnued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENf ll¥ FUNDS- continued N¢¢ movemenl in funds. included in the ab)ve are &$ follows.. tnujmirtg Reso& Movement resou¢5 ¢xpended in funds Unrutrlc¢¢d funds G)ernI fithd 96,89) (96.751 } 139 Restricted funds ClubslLive Ajts Film and Digit81 Music and Radio Sharing Our Skills Other Pjects- multiTnedi 55,157 208.235 88J5S 10,000 3.872 (53245) (199,008) (86,597) (10,163) (3,838) 1,912 9,227 1,758 (163) 34 365,619 (352.851) 12,768 TOTAL FiINDS 462,509 (449,602) I2,7 Comparntlve$ for movetheDt ID fuDds Trgttsfets movement in fijnds At 3113123 At 114Q2 fi]nd5 Unrostslrted funds Generdl fund 122,485 21.705 (1567) 141.623 Restricted fund¥ ClubsQiv¢ Arts Film and Digitsl Music and Radio Shartng Our Skil]s OtherPn)j¢¢ts- multimedia 133 4,522 (2,374) (2,131) 2241 2,391 (13) {313) 13 313 4,655 {4,830) 2.567 2.392 127.140 16,875 144.015 Page 25 conttnucd...
CAROUSEL PRoJEcr NOTES TO THE FtNANCtAL STATEME OR THE YEAR ENDED H 2024 18. mOVEMEr IN FUNDS- Tontinved Compor4tsve n¢tmov¢ment in fimds, itKluded in th¢ aknve are as follows.. Incorning resOutS Resources ¢xpeThded Movement in fijnds Unrestricted funds Genern] fvnd 112.331 (90,626) 21,705 Restrleted fund8 ClubslLive Arts Film and Digital Music and Radio Sharing Our Skills Other Pjects- muttimedi& 39,052 155,582 74,432 17,149 8.875 (41,426) (157,713) (74,431) {17.162) (9.188) (2,374) (2.131) (13) 1313) 295,1)90 (299,920) 14,830) TOTAL FUNDS 407.421 (3,346) 16.875 19. RgLATED PARTY DISCIA)SURES There were fto r¢lat¢d party transadions forthe year ended 31 March2024. srATirroRY IJ¥FORMATION Carousel Proj¢¢t is a ¢¥>mpany limited by gUarane and hos no share capital. No one memixr has overAEI eontrol of th¢ Charity. Every member of the eornpany utLdthake5 to contribute to the &ssets of the company in the event of it 18 wound up during the time that he/she is a member or within ¢)rte year aftmvards, for its debts athd liabilitics of the eompany such amourtt &8 mtty be required, not exeeeding in th¢ case of any memberthe sum of £1. The company's regis*red number and office address Can b¢ found in the legal and Administrative Inforniation, section of the tsitste annual reprt. Page 26