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
B*l*Dee 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 PROJEcT￿EGisfKRED 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 f￿ancial 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¢ ¢h￿lty. &s s¢t ou¢ in th¢ MemorW￿Urn of A$S￿l8tiOn As to relieve aThJ fillther the education and
wellbeing of the legrning disabled and other groups or individuals who, by reagin of their particular ¢i￿UmstanceS
would be wnsid¢red to ￿nefIt from the a¢tivities of the proje£t.
W¢ cotrtinue to develop and measure our creative sucttss by using our (bality Indicators. These were created intemalty.
aT¥J Arts c(￿¢][ England has ￿MMented on how success￿1 they hav¢ been in cr¢atin8 indicators for M￿urIng sucrtss
wtthin learning disability arts.
Artis1Se Policy.
Everything we do i5 inspired by the tslents aTLd creative abilities of the people with whom we work. We aJsur¢ an
innovativ¢, div¢t3¢ and enri¢hing p)rtfolio, by:
- Developing the Skills of learning disabled artists to nmnage and d¢liv¢rour ¢r¢ativ¢ work
- Supporting learning disabled artists, presenters and producu5 to steer the direction of crtativ¢ prtsg]amtn¢$ through th¢
on80ing development of our pioneering progrnllme management teams
- Ertgag]ng the wid¢r arts world in a dIS￿Ssion 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 intai￿tioNal events s]K)w¢asing the very best learning disabilty arts
Developing 5trdte8ic partnerships and collatx>rations nationally and Intert￿li0nd[]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 plea￿d 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 l*nefit NPO fi￿ding 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 PrO￿amMe$ 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 PIctu￿hOuse 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 SUp￿rt
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 rele*￿ed 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 r￿M 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 c￿trol 5trik&s meant the team and exhibit could not lJavel to Brighton.
T•iellt DevelopmeDt
Work h8s F*en 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. BimiingI￿m, Bristol, Leed& Canliff, Livejpwl.
NewC￿tle. 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 JOUr￿Y 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
sUb￿ribe 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 WO￿L￿g 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 opp￿tty 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 ba￿terS that learning disabled
artists face in the mainsbram music industy. University swdejjts have attended the Rock House. ￿¢0￿1¢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 deVel￿d
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* P*tttsva- Fiilbetter R&ord8
Music Video
Fairground artist F.wtt¢h was SUP￿tea to make a music video of her tr￿k 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 develO￿j new mateti81
recorded at outrea¢h sessi¢)ns with 30 yi)ung learning disabled people:
N¢w content w&s produced undcrthe h￿ing5
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 inspi￿d by th¢ s¢a and retonled 8t aUdE￿n￿l wfront
loe&tions.
Sounds like my lifr- IEgrnin8 di5abkd p￿pIe,$ 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 P￿d￿ts to Listsn to Bryond D]￿bilIty PTidt Month, on
podbiblemag*com
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￿ incre￿ing the visibility of
learning di5abl¢d pts)pl¢ in th¢ ¢ity-
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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 s￿1[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 br￿1 ro￿gE 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 absolu*ly 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, Cre*tive And Vemue Produeer,
car9v￿￿r91
Children aDd Young People
Caroustl delivered nine ¢miiv¢ ans W0￿shopS for learning disabled children and young t￿p]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$l￿g minds
"oh, isn't she sweet"", and within s¢¢onds I in awe. As
M￿ne who write5 FK)etry ¥nys¢lf, I lumed a real practical poet's lesson, which i4 you donl have to go on. Sb¢, in very
Very short po¢n￿. tnakes su¢h an impact. Kay Scorer? publisbed poet
Posttards From My Se*sideTovn
This n¢w mlllti-artforni prnject brought together 8rtists fiY)m Carousel, the world-renowned productitsn Company
dr¢8mthinkspeak and older learning disabled ￿SIdents of coastal location5. The proj¢¢i will con¢lud¢ in 2025, with tht
odu¢tion of a18rg&scal& perfortnan¢¢ at Worthing Pavilion.
le￿1 Artists w0￿¢d with 5 partner or8anisations in Worthing. Bognor, Portsmouth and Folke5tone to en8age older
karnin8 disabled residents to tell their stories abDUt living in their towii.
Creativ¢ FolkeMot)¢ is ￿$sion￿e 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
Cre*the 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 leade￿hip to itwire the next genemiott of learning disthled artists
C￿￿tiVe Mind$ ￿rt￿¢r
&)tiAI Medi#
CAROUSEL:
March 2024 followtts=
InSts8t￿￿- 1,808 (20V*l in¢JYase from April 2023)
FattlMx>k- 2.818 {4.1% Incre￿ from April 2023)
Twitler- 3203 {0.49/0 incNse from April 2023)
y￿Tube- 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 COnt￿U¢ 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 r￿VIde$ 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 sU￿esSful 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
sUp￿rt￿S that have all helped us to Ir￿ls¢ a success￿1 and ambiilousy￿r.
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 It￿r£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 IMM￿181¢ loss of f￿d$,
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￿ cO￿s.
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 i￿rea51ng 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 Manag￿n￿l 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￿￿ ￿p￿Sn1￿¢￿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 Gene￿1 Meeting and serve for a of three years before Irsi￿)ng and putting
themselves forward for re-el￿tIOn.
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 $ub-U)mmittees Covering develtspmeth( finance and audit which meet tnotr regularly. An
Executive Director is appointed by the tr￿steeS to manage the day to dHy operation$ 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 coMpa￿Y 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 tr￿es.
TnL4tees are obli8ed to attend &rninimum of two bosrd meetings as an observer before being eleLted.
Risk managernent
Risk m￿agernent 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
Registe￿1 cOm￿nY 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)Int￿l 1211212023)
M5 D GarrAtt (app)I￿¢¢d 1816120241
M5 1 M R05Siter{apw>int¢d 181612024)
J Wyld (apw>inted 12112J2023) (resigned 181612024)
coMp￿Y Secretary
D Swindells
Independent Ex*mintr
Dr sI￿a 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- Tr￿Stee
Page 9

INDEPENDENf EXAMINER'S REPORT TOIIIE TRUSTEES OF
CAROUSEL PROJEcr
REGISTERED NUMBER: 02137755
Indepe￿d￿l exAmlner's report to the truyteeg of C*rottstl 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 re￿rt
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 examin*ion, I report in respect of my examination of your charity's accounts &s Wri
out under Section 145 of the c￿ltieS Act 2011 (Ihe 2011 Act). In canying out my examinatiott I have followed the
D1￿ctiOnS ¥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 r￿rdS 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 t￿1 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 xe0￿ting and reporting by djarities {applicable to charities prepating their a¢counts
in accordance with the Financial R￿￿ing Standard applicable tn the UK and Republic of Ir¢l8nd (FRS 102)).
I have coneerns and have corne across no other matters in cOnt￿tIon 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 GI￿d 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$1¢ and Radio
Other activities
Other projects- multi media
10.408
173,734
51.082
10.408
173.734
51,082
5.633
372
21,801
96,504
43.526
37,464
500
5,633
372
(￿h¢rtr￿]llg ￿tiVItIeS
Investment income
1,000
574
1,000
168
574
Total
96.890
365,619
462,509
407,421
EXPENDITURE ON
Raising futlds
9.359
36,379
45,738
33,450
Charit*l)k *¢tivities
ClubslLive Arts
Fi]m and Digital
Music and Radio
Sharhng Our Skills
Other a¢tivitie$
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 A￿ETs
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:
G￿eral 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 Compa￿1¢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 fina￿181 Slater￿ents
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 re￿rtIng 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 State￿ent •( 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) 0￿￿tIOnS
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 FR0￿cr
NOTES TO THE FINANCIAL sfATEMEiYrs
FOR THE YEAR E]YDED31 MARCH 2024
ACCOUNTING POLICIES
B8$is of pre￿ring 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
reCo￿ls¢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 ts￿Stee5 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 ￿ntt￿￿e 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 reCo￿lSeS 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. u￿11 such time that the event
tske5 place any such income ts deferred to fjjtllre period8.
Other in￿ming 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 sta*d at f05t or va]uation ks5 aGcumulat¢d depreciation and a¢¢wnulat¢d Im￿lM)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
Cl￿pu[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
po*ntially ¢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¢ t￿￿te￿ 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 d￿rdance with specifir resth¢tions imposed by the donors or
which have been rdised by tk charity for partieular Purposes. The c05t of rdising and administ￿ing such fimds
a￿ d)WEed agoinstihe spe¢ific
De￿018 #nd treditors r¢¢¢lvableJp4y*bie 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 T￿e1ved, included ID the atrov¢, ar¢ as follows".
2024
2023
Arts Council En￿and-Natit￿￿I Portfolio Orgwjisation
Arts Council Englat)d
201,122
215,000
215,000
201,122
OTHER TRADING A￿TrIK5
2024
2023
Sponsorships
.000
I,000
INVEsfiI￿Nf 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 p￿Ie¢ts- multi media
Other proj¢ct5. rnulti media
Ehmed income
Grants
Eamed income
GI￿1$
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
Pe￿Y 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
MIS￿17an￿us
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 Tn￿1
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 Four￿10
The Radcliffe Twst
The Lennox Hannay C Tr￿￿1
TheNational FoUnd￿lOn
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¥i91￿ld￿n1t1OnS #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 P￿t3£e & $t8tionery
ResouTees & consumables
In$urnn
Telephone & internet
aeaning
Bank charges
Miscellaneous exps
DeP￿latiOn
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(expendiw￿j 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. rem￿e￿10Th 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 pr￿JU£er - music and radio. The tots] ¢mployee benefits of the key
management r￿onnel (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
fi￿d5
fund$
INCOME AND ENDOWMENTS FROM
Don*ions 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 fi￿dS brought fotward
122.485
4,655
127.140
TOTAL FUNDS CARRIED FORWARD
141,623
2,392
144,015
14.
TANGIBLE FIXED ASSETS
Off￿e
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 P￿jects- 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
resOu￿tS
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 P￿jects- 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 gUaran￿e 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 ￿1￿8
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