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← In Your Space Circus Ltd

2025-03-31-accounts

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Charity number: NIC103059 Charity number: XR 78073 Company number: NI 050953

In Your Space Circus Ltd (A company limited by guarantee)

Directors’ report and financial statements

for the year ended 31 March 2025

In Your Space Circus Ltd

(A company limited by guarantee)

Contents .
, Page
Information page I
Directors’ report 2-6
Independent auditor's report 7-10
Statement offinancial activities 11
Balance Sheet 12-13
Cash flow statement 14
Notestothefinancialstatements 15-23

In Your Space Circus Ltd

(A company limited by guarantee)

Information

Directors lainMaxBeer
Christina Crouch
Ross Parkhill
Stephen Kelly
Cara McLoughlin - Appointed 6 September2024
Dale Robson - Appointed 6 September2024
Eavan Claire King - Resigned 3rd February2025
Secretary CatherineMcBride
Charity Number XR78073
NICI03059
Company Number NI 050953
Auditors McGroarty McCafferty& Company
Accountants & Registered Auditors
2 Carlisle Terrace
Derry
BT48 6JX
Registered Office Waterloo House
44A-48A Waterloo Street
Derry
BT48 6HF
Bankers Unity Trust
Brindley Place
Birmingham
B) 2HB
Solicitors Hasson& Company Solicitors
39/41 Clarendon Street
Derry
BT487ER

Page 1

In Your Space Circus Ltd {A company limited by guarantee)

Report of the directors for the year ended 31 March 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Principal Activity

The principal activity of the company in the year under review is the facilitation of circus, drama and visual arts workshops in schools and community venues across the North West and throughout Ireland.

Directors

The directors serving during the year were as follows; lain Max Beer Christina Crouch Ross Parkhill Stephen Kelly Cara McLoughlin - Appointed 6 September 2024 Dale Robson - Appointed 6 September 2024 Eavan Claire King - Resigned 3rd February 2025

Appointment of Directors

At the Annual General Meeting one third of directors resign in rotation and being eligible offer themselves for re-election.

About In Your Space Circus Ltd

Derry-based In Your Space Circus Ltd. is a circus schoo! and street theatre company working with local, national, and international artists across a wide range of disciplines. We collaborate with other organisations and art forms to deliver projects that encompass circus skills (juggling, diabolo, acrobatics, unicycling, trapeze, stilt-walking, clowning}, street theatre, visual arts, music, costume and prop-making, and theatre.

We are recognised as one of the most dynamic and innovative arts organisations in Northern Ireland and Ireland, using circus and street theatre as powerful tools for personal, social, and community development.

Passionate about contemporary circus and street theatre, we believe in the transformative potential of performance combining skill, humour, and wonder to inspire joy and connection. Street theatre, in particular, breaks down barriers, ensuring accessibility and inclusion for audiences who may not ordinarily engage with the arts.

We pride ourselves on creating and curating unique acts, shows, and installations that offer meaningful engagement. Our work invites audiences to escape the challenges of daily life, embrace playfulness, and create shared memories.

Our Mission

To unleash the power of[circus][and][street][theatre][-][igniting][imagination][and][transforming][lives][and][communities.]

Our Vision

A vibrant, connected, and thriving community where artists, participants, and audiences can explore and develop their creative potential through circus, street theatre, and play.

Our Values

Circus as a vehicle for social change

We believe in the ability of circus and street theatre to inspire personal and social change and to build supportive, vibrant communities.

Page 2

In Your Space Circus Ltd (A company limited by guarantee)

Report of the directors for the year ended 31 March 2025

Creativity and play

We believe that creativity and play enable everyone to flourish and express their individuality.

Lifelong learning

We use circus as a means to ensure continuous learning and personal growth throughout life.

Inclusion

We are committed to delivering our programmes in inclusive and accessible ways, ensuring meaningful engagement for everyone, regardless of age, ability, or background.

Collaboration

We value the power of partnership, working collectively to enhance creativity and impact.

Excellence and Innovation

We strive for the highest quality in all we do, continually innovating and improving our practice.

Our Goals 2024-2028

GOAL 1: Our Home

To successfully relocate to the Cathedral School and develop a creative home that meets the needs of our artists, participants, and audiences.

GOAL 2: Performance and Events

To increase the ambition, reach, and quality of our performance and production work.

GOAL 3: Education and Training

To expand progression routes, enabling people ofall[ages][and][abilities][to][develop][circus][and][street][theatre][skills.]

GOAL 4: Social Circus Outreach

To use circus as a tool to promote health, wellbeing, and community potential.

GOAL 5: People and Culture

To nurture a supportive, skilled, and inspired team equipped to achieve our strategic goals.

Our Commitments 2024-2028

COMMITMENT 1: Communications

To strengthen our profile locally, nationally, and internationally through confident, consistent communication.

COMMITMENT 2: Finance

To secure and manage resources effectively and transparently in support of our strategic aims.

COMMITMENT 3: Governance

To ensure governance reflects the company's creative and ambitious ethos, balancing compliance with innovation and best practice.

COMMITMENT 4: Change Making

To advocate for circus and the wider arts sector through leadership, lobbying, and shared practice.

Page 3

In Your Space Circus Lid (A company limited by guarantee)

Report of the directors for the year ended 31 March 2025

COMMITMENT 5: Artistic Excellence

To uphold the highest standards in circus education and performance, supporting talent and skill development at all levels.

2024-2025- The Year in Brief

Introduction:

2024-2025 has been a year of exciting growth, creativity, and development for In Your Space Circus. We created new work, advanced our Circus School, provided employment for local artists, and began the first phase of our major capital project.

We continued to strengthen our organisational infrastructure, enhance resilience, and build sustainability through staff and board development, income growth, and reserve building - placing the Company on an excellent footing for the future.

Programme Overview

Across our Circus School and production activity, we reached 9,899 participants through 724 workshops, and engaged 386,047 audience members across 378 performances at events and festivals. Programme highlights were as follows:

Production Highlights

We partnered with organisations including Derry Féile, Stendhal Festival, NI Science Festival, Derry City & Strabane District Council, and Grays Communication, delivering performances for more than 50 clients across Ireland.

Our annual Carnival of Colours, delivered in partnership with Derry City & Strabane District Council's Foyle Maritime Festival, featured 91 artists and reached 33,400+ audience members over four days - attracting families, young people, and first-time arts audiences,

We also advanced our major capital project, securing funding from the Community Ownership Fund and multiple Trusts and Foundations to commence Phase | of the Cathedral School redevelopment.

Page 4

In Your Space Circus Ltd

(A company limited by guarantee)

Report of the directors for the year ended 31 March 2025

Funding Review

In 2024-2025, we successfully secured support from the following funding bodies:

We extend our sincere thanks to all our funders and partners. Their support enables us to be creative, innovative, and impactful - improving the lives of our participants and audiences.

Structure, Governance and Management

The organisation maintained a stable and effective structure during 2024-2025. Board meetings were held regularly, and sub-groups met to address specific strategic and operational matters.

The Company structure:

  1. Board of Directors - Governance and strategic oversight.

2, Company Director - Leads organisational strategy and growth.

  1. Creative Director - Oversees creative direction, brand integrity, and artistic quality.

4, Admin and Finance Officer - Manages finance systems and administrative functions.

  1. Heritage Project Manager - Manages the Cathedral School capital development.

6, Project Coordinator - Oversees project delivery across Social Circus Outreach projects.

  1. Assistant Producer - Supports event and festival programming and delivery.

  2. Project Support - Freelance role supporting project development and systems.

Conclusion and Looking Forward

In Your Space Circus has had a highly successful and creative year, achieving growth in income, participation, audience engagement, and public recognition.

Page 5

In Your Space Circus Ltd (A company limited by guarantee)

Report of the directors for the year ended 31 March 2025

We have demonstrated resilience and sustainability while taking bold, strategic steps toward our long-term goals. As we look ahead, we remain committed to empowering communities, nurturing creativity, and transforming lives through the art and joy ofcircus,

Financial Review

The financial performance is summarised in the enclosed accounts.

Responsibilities of the Board of Directors

The directors are responsible for preparing the Directors Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare financial statements for each financial year that give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial] statements, the directors are required to:

~ select suitable accounting policies and apply them consistently.

The directors are responsible for maintaining proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

In accordance with company law, as the company’s directors, we certify that:

So far as we are aware, there is no relevant audit information of which the company's auditors are unaware; and as the directors of the company we have taken all steps we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity's auditors are aware of that information.

Auditor's

McGroarty McCafferty & Company are deemed to be reappointed as in accordance with Section 487 (2) of the Companies Act 2006.

This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies,

----- Start of picture text -----
The financial statements were approved and authorised for issue by the board on 6 November 2025 and signed on
its behalf by;
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----- End of picture text -----

Page 6

In Your Space Circus Ltd (A company limited by guarantee)

Independent auditor's report to the members of In Your Space Circus Ltd

Opinion

,

We have audited the financial statements of In Your Space Circus Ltd for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cashflow Statement and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of[Ireland".]

This report is made solely to the charitable company’s directors, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's directors those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's directors as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections ofthis[report.]

Other information

The directors are responsible for the other information. The other information comprises the information included in the directors’ annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated, If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 7

In Your Space Circus Ltd (A company limited by guarantee)

Opinion on other matters prescribed by the Companies Act 2006

In our opinion based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of[the][charitable][company][ and][its][environment][obtained][in][the][course][of] the audit, we have not identified material misstatements in the Directors Annual Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of the directors

As explained more fully in the Directors' Responsibilities Statement set out on page 6, the directors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal contro] as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or,error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud;

Irregularities, including fraud, are instances of non-compliance with laws and regulations, We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. However, the primary responsibility for the prevention and detection of fraud lies with management and the board of directors of the charitable company.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

Page 8

In Your Space Circus Ltd (A company limited by guarantee)

As a result of these procedures, we considered the opportunities and incentives that may exist within the charity for fraud. The audit included assessing the procedures and evaluating the measurement of estimations. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

Based on our understanding of the charitable company the most significant legal and regulatory frameworks that have a direct impact on the financial statements are those relating to the applicable reporting framework, (FRS 102, The Charities Act (Northern Ireland) 2008, The Charities (Accounts and Report) Regulations (Northern Ireland) 2015, the Charity SORP and the Companies Act 2006) non-compliance may have a material effect on the financial statements. Compliance with these laws and regulations was assessed as part of our procedures.

Audit responses to risks identified

Our procedures to respond to risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Page 9

In Your Space Circus Ltd (A company limited by guarantee)

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Mr Patrick McGroarty Senior Statutory Auditor for and on behalf of McGroarty McCafferty & Company Statutory Auditor 2 Carlisle Terrace

Derry, BT48 6JX

Date: e¢ |i, { ewe

Page 10

In Your Space Circus Lid (A company limited by guarantee)

Statement of Financial Activities

For the year ended 31 March 2025

Unrestricted Restricted Designated 2025 2024
funds funds funds Total Total
, Notes £ £ £ £ £
Incoming Resources
Grants& Other Income 2. 286,059 618,098 - 904,157 716,615
Total Incoming Resources 286,059 618,098 - 904,157 716,615
Resources Expended
Direct Charitable Expenditure 239,856 342,087 $81,943 610,856
Management& Administration 19,739 45,847 - 65,586 66,124
Total Resources Expended 3. 259,595 387,934 - 647,529 676,980
Net incoming/(outgoing) resources forthe theyear 26,464 230,164 - 256,628 39,635
Total funds brought forward 125,000 35,652 127,218 287,870 248,235
151,464 265,816 127,218 544,498 287,870
Transfers between funds (10,000) - 10,000 - -
Totalfundscarriedforward 14. 141,464 265,816 137,218 544,498 287,870

All of the above amounts relate to continuing activities,

The company has no recognised gains and losses other than those included in the results above and therefore no seperate statement of recognised gains or losses has been presented. There is no difference between the net incoming resources for the year stated above and their historical cost equivalents.

The notes on pages 15 to 23 form an integral part of these financial statements.

Page 11

In Your Space Circus Ltd (A company limited by guarantee)

Balance Sheet as at 31 March 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 8. 467,944 27,744
Current assets
Debtors 9, 76,205 75,591
Cash at bank and in hand 789,019 243,761
865,224 319,352
Creditors: amounts falling
duewithin one year 10. (578,668) (59,226)
Net current assets 286,556 260,126
Total assets less current
liabilities 754,500 287,870
Creditors: amounts falling due
after more than one year Il, (210,002) -
Net assets 13. 544,498 287,870
Funds 14.
Restricted funds 265,816 35,652
Unrestricted funds 141,464 125,000
Designated funds 20. 137,218 127,218
Totalfunds 544,498 287,870

The notes on pages 15 to 23 form an integral part of these financial statements.

Page 12

In Your Space Circus Ltd (A company limited by guarantee)

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Charities SORP 2019 (FRS 102).

The financial statements were approved and authorised for issue by the board on 6 November 2025 and signed on its behalf by

Case —_—__— 6 VS Director Director cata 1 LouGHuEn DALE Rosson

Company Registration No: NI050953

The notes on pages 15 to 23 form an integral part of these financial statements.

Page 13

In Your Space Circus Ltd (A company limited by guarantee)

Cash flow statement

for the year ended 31 March 2025

2025 2024
Notes £ £
Net incoming resources forthe year 256,628 39,635
Depreciation and impairment — 14,302 15,050
(Increase)/ Decrease in debtors (614) (23,141)
Increase/(Decrease) in creditors 729,444 (97,697)
Netcash inflow/(outflow) from operating activities 999,760 (66,153)
Capital expenditure (454,502) (14,380)
Increase/(Decrease) in cash in the year 545,258 (80,533)
Reconciliation ofnet cash flow to movement in net funds
Increase/(Decrease) in cash in theyear 545,258 (80,533)
Net funds at 1 April 2024 243,761 324,294
Netfundsat31March2025 15. 789,019 243,761

Page 14

In Your Space Circus Ltd (A company limited by guarantee)

Notes to financial statements

for the year ended 31 March 2025

1, General information

The charity is a private limited company by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is Waterloo House, 44A-48A Waterloo Street, Derry, BT48 6HF. It is registered as a charity with the Charity Commission Northern Ireland with effect from 11 June 2015.

1.1. Accounting convention

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act (Northern Ireland} 2008 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019 (SORP 2019} and the Companies Act 2006.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to included certain items at fair value. The financial statements are presented in sterling which is the functional currency ofthe[charity.]

Incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be qualified with reasonable accuracy. The following specific policies were applied to particular categories of income:

Grants and other income are received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Revenue grants are credited to the Statement of Financial Activities in the year they are received.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature to support them.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.

Designated funds are unrestricted funds earmarked by the directors for particular purposes.

Page I5

In Your Space Circus Ltd (A company limited by guarantee)

Notes to financial statements

for the year ended 31 March 2025

1.5. Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Long Leasehold property - Straight line over the life of the lease - 25 years Leasehold improvements - Straight line over the life of the lease - 25 years Equipment - 10% straight line Fixtures & fittings - 20% straight line Motor vehicles - 25% straight line

1.6. Cash at bank

Cash at bank and cash equivalents are stated at cost at the financial year end.

1.7. Debtors & creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price, Any losses arising from impairment are recognised in expenditure.

1.8. Company status

.

The charity is a company limited by guarantee and does not have a share capital,

Contributions to auto enrolment pension schemes are recognised as an expense in the period to which the service related to.

1.10. Capital Grants

In line with SORP Capital Grants are released to incoming resources in the Statement of Financial Activities. Capital Grants are released at a rate of 10% on a straight line basis.

1.11. Going concern

The financial statements have been prepared on a going concern basis as the directors believe that no material uncertainties exist. The directors have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

1.12. Critical accounting estimates and judgements

In application of the charity's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant, Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affect on that period, or in the period of[the][revision][and][future][periods][where][the][revision][affects][both][current][and][future][periods.]

Designated funds are to ensure that there are adequate funds to cover six months operational and core costs of the charitable company. The designated fund balance at 31st March 2024 is £137,218.

Page 16

In Your Space Circus Ltd (A company limited by guarantee)

Notes to financial statements for the year ended 31 March 2025

2. Voluntary Income

Voluntary Income
2025 2024
Total Total
Restricted Income £ £
The National Lottery Heritage Fund 57,271 70,217
Public Health Agency -CLEAR Project 5,000 §,000
Art& Business NI - Blueprint - 20,250
Art& Business NI - Investment Programme 4,000 §,500
The Community Foundation Northern Ireland - 8,286
Derry City& Strabane District Council 42,892 50,530
Esmee Fairbairn Foundation 23,146 10,461
Architectural Heritage Fund - 8,040
Garfield Weston Foundation 20,000 10,000
Department for Communities 10,395 -
Consenual TriaxGroup 2,440 w
Irish StreetArts Circus& Spectacle Network 25,532 ;
Halifax Foundation forNorther Ireland 1,440 3,560
Arts Council ofNorthern Ireland 71,960 94,199
The Executive Office 43,826 44,725
British Science Association - Ideas Fund 13,930 31,176
Department ofForeign Affairs 2,342 -
LFT Charitable Trust 4,786 -
DCSDC - Peace Plus 21,705 -
Department ofLevelling Up, Housing& Communities 267,433 -
University Ulster
-CompagnieXY		 - 87,525
618,098 449,469
Unrestricted Income
Performance Fees& Event Income 170,944 169,234
Participant Fees 28,189 28,839
Workshop Income 38,150 29,489
BigTop& Equipment Hire 40 3,653
Public Donations 4,664 3,837
Lock-up Rent 4,250 4,264
Deposit Interest 13,788 3,519
Sponsorship 25,250 17,300
Merchandise Sales 784 1,011
University Ulster
-CompagnieXY		 - 6,000
286,059 267,146
TotalIncomingResources 904,157 716,615

(i) Restricted Funds

Funds received which are earmarked by the funder for specific purposes. Such purposes are within the overall aims ofthe[organisation.]

(ii} Unrestricted Funds Funds which are expendable at the discretion of the company in the futherance ofthe aims ofthe[charity,] In addition funds may be held in order to finance capital investment and working capital.

:

Page 17

In Your Space Circus Ltd (A company limited by guarantee)

Notes to financial statements for the year ended 31 March 2025

3. Total Resources Expended

Total Resources Expended
Unrestricted Restricted 2025 2024
funds funds Total Total
Management& Administration £ £ £ £
Rent& Rates 284 19,470 19,754 18,476
Insurance 4319 3,431 7,741 6,334
Repairs& Renewals 2,959 1,579 4,538 3,896
Printing, Postage& Stationery 303 373 676 1,506
Office overheads 3,943 3,601 7,544 7,214
Advertising 360 - 360 1,443
Motor Running Expenses 3,030 1,729 4,759 7,751
Audit Remuneration 3,250 - 3,250 3,000
Bank Charges 487 222 709 982
Charitable donations 186 - 186 -
Currency variation 34 - 54 -
Governance & Training 373 1,140 1,713 230
Bad Debts - - - 248
Depreciation Charge - 14,302 14,302 15,050
19,739 45,847 65,586 66,124
Unrestricted Restricted 2025 2024
funds funds Total Total
Direct Charitable Expenditure £ £ £ £
Wages & Salaries 34,268 139,089 173,357 136,416
Freelance Expenses 95,525 - 95,525 115,640
Materials & Event Costs 38,464 7,604 46,068 33,693
Circus School 9,655 34,424 44,079 38,981
Circus Outreach Expenses 30,349 3,633 33,982 33,268
Carnival ofColours Expenses 25,979 21,619 47,598 40,571
Cirability Expenses 2,859 1,205 4,064 5,705
TEOGood Relations Expenses 146 33,355 33,501 26,121
Artist Development Expenses 435 1,701 2,156 3,732
Aspiring Leaders Expenses 1,893 8,545 10,438 7,265
University ofUlster Expenses - - - 74,362
Cathedral School Expenses 218 44,404 34,622 49,626
Silver Circus Expenses 45 17,919 17,964 27,637
Circus Explored Expenses - 7,544 7,544 5,014
Peace Plus Expenses - 11,045 11,045 -
Circus Play Together Expenses - - - 1,680
Joe Deiffenbacher Workshop - - - 11,125
239,856 342,087 581,943 610,856
TotalExpenditure 259,595 387,934 647,529 676,980

Page [8

In Your Space Circus Ltd (A company limited by guarantee)

Notes to financial statements

for the year ended 31 March 2025

;

4,

Net incoming resources for the year

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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Net|incoming|resources|is|stated|after charging:| |Depreciation|and|other|amounts|written off tangible|fixed|assets|14,302|15,050| |Auditor's|remuneration|3,250|3,000|

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5. Auditors’ remuneration

The auditor's remuneration amounts to an audit fee of £3,250 (2024 - £3,000).

6. Employees

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|||||| |---|---|---|---|---| |2025|2024| |£|£| |Wages|and|salaries|164,391|128,909| |Pension|costs|8,966|7,507| |173,357|136,416|

----- End of picture text -----

No employee received emoluments of more than £60,000 (2024 : Nil).

The directors' neither received nor waived any emoluments during the year (2024: Nil).

Number of employees

The average monthly numbers of employees during the year, calculated on the basis of full time equivalents, was as follows:

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||||| |---|---|---|---| |2025|2024| |Number|Number| |Average|employees|8|6|

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7. Taxation

As acharity, In Your Space Circus Ltd is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or 5256 of[the][Taxation][of][ Chargeable][Gains][Act][1992][to][the][extent][that][ these][are][applied][to][its] chargeable objects. Accordingly, no tax charges have arisen in the charity.

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In Your Space Circus Ltd (A company limited by guarantee)

Notes to financial statements for the year ended 31 March 2025

Leasehold Long Fixtures,
8. Tangible fixed assets property leasehold fittings and Motor
improvements property cquipment vehicles Equipment Total
£ £ £ £ £ £
Cost
At 1 April 2024 - - 88,910 21,189 78,950 189,049
Additions 242,832 210,003 1,667 - - 454,502
At 31 March 2025 242,832 210,003 90,577 21,189 78,950 643,551
Depreciation
At I April2024 - - 65,404 16,951 78,950 161,305
Charge for the year - - 10,064 4,238 - 14,302
At 31 March 2025 - - 75,468 21,189 78,950 175,607
Net book values
At 31 March 2025 242,832 210,003 15,109 - - 467,944
At31 March 2024 - - 23,506 4,238 - 27,744
9. Debtors
2025 2024
£ £
Grants& other income receivable 76,205 75,591
10. Creditors: amounts falling due
within oneyear 2025 2024
£ £
Credit card 4,195 2,396
Net obligations under finance leases I -
Other creditors - 263
Deferred income (see note 12) 490,278 39,231
Accruals and deferred income $4,194 17,336
578,668 59,226

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In Your Space Circus Ltd (A company limited by guarantee)

Notes to financial statements for the year ended 31 March 2025

11. Creditors: amounts falling due after more than one year

Finance lease liability

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||| |---|---| |2025|2024| |£|£| |210,002|-|

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||||||| |---|---|---|---|---|---| |12.|Deferred|income|2025|2024| |£|£| |At|1|April|2024|39,231|127,284| |Additions|in|the year|88,139|282,954| |Amounts|released|to|income|(618,098)|(449,469)| |At|31|March|2025|490,728|39,231|

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  1. Analysis of net assets between funds

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Designated|Total| |funds|funds|funds|funds| |£|£|£|£| |Fund|balances|at|31|March|2025|as|represented|by:| |Tangible|fixed|assets|210,003|257,941|-|467,944| |Current|assets|156,772|$71,234|137,218|$65,224| |Current|liabilities|(225,311)|(563,359)|-|(788,670)| |141,464|265,816|137,218|544,498|

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In Your Space Circus Ltd (A company limited by guarantee)

Notes to fmancial statements for the year ended 31 March 2025

14. Movements in Funds At At
1April Incoming Outgoing 31 March
2024 resources resources Transfers 2025
£ £ £ £ £
Restricted funds:
Restricted funds 35,652 618,098 (387,934) - 265,816
Unrestricted funds:
General Funds 125,000 286,059 (259,595) (10,000) 141,464
Total unrestricted funds 125,000 286,059 (259,595) (10,000) 141,464
Designated funds 127,218 - - 10,000 137,218
287,870 904,157 (647,529) 7 544,498

Purposes of Restricted Funds

Restricted grants awarded to the charity is provided to cover the core objects as explained in directors report.

15. Analysis of changes in net funds

Opening Cash Closing
balance flows balance
£ £ £
Cash at bank and in hand 243,761 545,258 789,019

16. Related party transactions

There were no related party transactions in the period under review.

17. Company limited by guarantee

The company is limited by guarantee and does not have a share capital.

18. Controlling interest

The charitable company is under the control of the Directors.

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1

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In Your Space Circus Ltd (A company limited by guarantee)

Notes to financial statements for the year ended 31 March 2025

19. Post Balance Sheet events

No significant events have taken place since the year end that would result in adjustments to 2025 financial information or inclusion of a note thereto.

20. Designated Funds

The Company aspires to maintain the balance of unrestricted reserves at a level which ensures that there are sufficient funds to cover six months' running costs and essential programming, should there be a funding shortfall. The board has also approved a designated reserve fund of £137,218 for the Cathedral School Development project and a restricted reserve for committed projects. A detailed reserves policy is available to view on request.

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