COMPANY REGISTRATION NUMBER: 02960157
CHARITY REGISTRATION NUMBER: 1040321
Creative Arts East
Company Limited by Guarantee
Unaudited financial statements
31 March 2024

Creative Arts East
Company Limited by Guarantee
Financial statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the directors, report)
Independent examiner's report to the trustees
Slalemenl of financial activities (including income and expenditure account)
12
Statement of financial position
13
Statement of cash flows
14
Notes to the financial statements
15

Creative Arts East
Company Limited by Guarantee
Trustees, annual report {incorporating the directors. report)
Year ended 31 March 2024
The Irustees, who are also the directors for the PLtrposes ol company law, present their report and the
unaudited linancial slalements of Ihe charity lor the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounling policies sel out in notes to
the accounts and comply with the charity's governing document, Ihe Charities Act 2011 and Companies Act
2006 and Accounting and Reporting by Charities.. Statement ol 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.
Chair's report
2023-24 has been an impressive year of return lo full capacity for the charity against our slated objectives.
Our work in securing and steadily rebuilding provision and audience engagement since 2020 has enabled
us to achieve and exceed the targets that we set lor ourselves.
We remain grateful for the essential backing of our funders, including Arts Council England, British Film
Institute, Youth Music, Norlolk Cauncil Council, Breckland Council, and the Borough Council of King's Lynn
and Wesl Norfalk. I would also like to 9xlend my thanks to the Board, team, and senior management at
Creative Arts East for their meticulous planning, unwavering dedication, and progressive approach.
Based on the demands and achievements ol this financial year, as part ol our 30th anniversary celebrations
in 2024125, we are setting out and developing a new 10-Year vision and strategy that will provide a critical
roadmap for the luture. In creating this, the organisalion will work with all our major stakeholders to refine
our mission, evolve our objectives, and outline our Theory ol Change, ensuring that we will always continue
to meet the needs ol rural communities across the East ol England through the creative arts.
Max Edwards
Chair

Creative Arts East
Company Limited by Guarantee
Trustees, annual report (incorporating the directors, report) (conlinued)
Year ended 31 March 2024
Relerence and administrative details
Registered charlty name
Creative Arts East
Charity registration number
1040321
Company regislralion number
02960157
Principal office and reglstered Dragon Hall
off Ice
115-123 King Street
Norwich
Norfolk
NR1 IQE
The Irustees
The Iruslees who serv8d during the year and at the date of approval were as follows..
Max Edwards (Chairl
Thomas Dunslon (appoinled 13 March 2024>
Pal Holtom
James McDermolt
Amy Potter (resigned 13 June 20231
Lynne Simpkin
Elizabeth SomeNille
Principal Officer
Natalie Jode (Executive Director)
Observers
Cassie Catchpole Arts Council England
Sarah Dennis - Borough Council ol King's Lynn and West Norfolk
Company secretary
Julie Hewitt
Independent examiner
Mark Proctor FCA DChA
Lovewell Blake LLP
Chartered accountants
Bankside 300
Peachman Way
Broadland Business Park
Norwich
NR7 OLB
Bankers
Barclays
Level 15
1 Churchill Place
London
E14 5HP

Creative Arts East
Company Limited by Guarantee
Trustees, annual report (incorporating the directors, report) (continued)
Year ended 31 March 2024
Virgin Money
Jubilee House
Gosforth
Newcastle Upon Tyne
NE3 4PL
Flagslone Group Ltd
1 sl Floor, Clareville House
26-27 Oxendon Slraet
London
SW1Y4EL

Creative Arts East
Company Limited by Guarantee
Trustees. annual report (incorporating the directors. report) (continued)
Year ended 31 March 2024
Objectlves and actlvities
The charity is established for the purposes ol promoting, maintaining, improving, and advancing education
within the community at large and particularly in rural areas by the promolion, production, performance, and
encouragement ol the arts, that is to say: the perlorming, visual, media, plastic, digital, andlor written arts.
This is achieved by:
co-operating or formally partnering with any government authorities, international bodies, councils,
village halls, schools, churches, arts centres, theatres, clubs, societies, charitable trusts and similar
bodies and individuals.,
supporting exhibitions, meetings, lectures, classes, seminars. courses, performances, workshops.
excursions, entertainments and broadcasts-
producing periodicals, magazines, books, leaflets, films, recordings or other technology-based
media.
The objects sel ovl the breadth ol activity that Creative Arts East may undertake and the collaborative
approach that lies at its heart. They also define the peripatetic nature of the activities, and the centrality of
learning about, and through, the arts to enrich and improve the quality of life of the whole community. Thus,
Creative Arts East's mission is "To increase people's enjoyment, skills and health through the power ol the
arts
Our main aims are-
To inspire people to expand their individual creativity and broaden their cultural horizons
To 8mpower adults and young people to join together to enrich their communities
To enhance Ihe wellbeing ol individuals within rural and disadvantaged communiti8S
To raise th8 skills andlor aspirations of rurally isolated and disadvantaged individuals and
communities
To be a highly efficient, innovative and effective organisalion
We locus on engaging those communities or its members who face geographical, physical or other barriers
to participating in the cultural life ol the area, and do Ihis by providing a range ol activities that take place on
an outreach basis in a wide variety of locations. Many participatory aclivilies are provided Iree of charge at
the point of use by Ihe public. When charges lor participation or access lo services are necessary, these
are kept as low as possible and concessions provided to ensure wide accessibility. In doing so the trustees
have had due regard lo the Charity Commission's general guidance on public benefit and to its
supplernentary guidance on fee charging.
Summary of the main activities In relation to these oblects
Our stralegy is lo deliver activities that benefit the public through two major strands of work in order to lullil
our aims. These are:_
1. The core delivery ol 'community louring,. We organise two highly successful communily touring
schemes, and in partnership with community groups and services, help to bring prolessional performing
artists and an eclectic programrne of films into rural communities where access lo this is otherwise
limited.

Creative Arts East
Company Limited by Guarantee
Trustees, annual report (incorporating the directors, report) {¢ontinuedJ
Year ended 31 March 2024
Objeclives and activilles (continued)
2. The dalivery of a portfolio ol health- and education-development projects using the aris as a tool for
engagement and improved quality of life for those most in need. To achieve this, we work in partnership
with private, public and voluntary sector stakeholders.
Slgnificant actlvities
Summary of the main achievements ol the charity during the year
1. The delivery of core community tourlng work.
Community touring remains a core priority for Creative Arts East ICAEI.
The Creative Arts East Livel and Creative Arts East Screen schemes provide community groups in rural
locations access to curated programmes of appropriate live performance and film titles, financial subsidy
towards the cost ol fees and licenses, reduc8d hire rates for projection equipment, marketing collateral, and
volunteer training provision.
Throughout 2023124, Creative Arts East Live! and Creative Arts East Screen supported al least 68
grassroots voluntary groups and community Venues with event programming support, training and advice,
which enabled over 30,000 audienc8 engagements through delivery of 400+ events.
This programm8 01 work, which increases and helps to equalise rural access to culture, has been enabled
thanks lo annual investment from Norfolk County Council, Breckland Council, and the Borough Council of
King's Lynn & West Norfolk, alongside mulli-y8ar investment Irom the BFI Film Audience Network {2023-
2026) and Arts Council England12023.20261 as part of their National Portlolio.
In addition, a number of linked developmental initiatives were undertaken during this period, including..
Inn Crowd, touring live literature to rural pubs funded by Arts Council England via Applause Rural
Touring
Rural Touring in Cambridgeshir8, providing new opportunities lor communily-led events in rural
areas ol Cambridgeshire, with a particular emphasis on Fenland and East Cambs. Funded by Arts
Council England via Cambridgeshire ACRE.
Rekindle Libraries, a nalionally signilicanl arts development inilialive, placing libraries at the heart ol
creative and cultural experiences for rural and underserved communities across Norfolk, Medway,
Buckinghamshire, Blackburn and Sandwell. Funded by Arts Council England.
2. The delivery ol a porttollo ol learnlng projecls uslng the arts as a tool tor engagement.
Alongside the core community touring activities, CAE develops and manages a portfolio ol participatory and
outreach projects. These remain a key driver in the financial viability ol the charity, and in meeting the
slated vision and mission. Projects provide essential learning opportunities, health and wellbeing
inlervenlions and professional support for communities and individuals across Norfolk and the wider East
Anglia.

Creative Arts East
Company Limited by Guarantee
Trustees, annual report (incorporating the directors. report) (contlnued)
Year ended 31 March 2024
Objeclives and actlvlties (contlnued)
Project activity during 2023124 included..
'Crealive Socials,, an inclusive older people's programme of arts participation, with specific emphasis
on reaching those with dementia and their carers. Sessions are delivered in 6 rural communities
within Breckland, West Norfolk and Greal Yarmouth, reaching over 150 beneliciarios and improving
wellbeing, confidence and social connectedness. Funded by Arts Council England. Breckland
Council, and the Barough Council of King's Lynn and Wesl Norfolk.
'Move/Shake'
a programme of musicians in r8sidence, participatory workshops and leadership
opportunities for children and young people in King's Lynn, Poringland, Thelford, Lowesloft, Wisbech
and Histon. Funded by Youth Music12022-20251.
PEACH West Norfolk, strategic partnership management for cultural education across West Norfolk,
raising the quality ol cultural provision for children and young people across the borough. Funded by
Borough Council of West Norfolk and Arts Council England via Ihe Norfolk and Notwich Festival.
Public beneflt
In planning activities lor the year under review the Trustees kept in mind the Charity Commission's
guidance on Public Benefit al meetings, when exercising powers or performing duties in their roles. The
activities outlined above in this report provide examples ol how the charity has sought lo further its
charitable purposes for the benefit ol the general public. Th8 Trustees believe passionately that the delivery
ol our work as outlined benefits a signilicanl section of the g&neral public in Norfolk, Suffolk,
Carnbridgeshire, and nationally.
Our artlstlc values
Our artistic aims are lo inspire people lo expand their individual crealivily, broaden their cultural horizons
and join together to create culturally rich, diverse and inclusive communities.
CAE strives to achieve balanced programmes ol engagement, ensuring representation of a wide range ol
artlorms, stories and voices. which will appeal to all sections of the community.
Care is taken lo use public subsidy wisely, exercising careful control over quality, artistic inlegrity, breadth,
variety and cultural diversity. Wherever possible we seek opportunities to present work which extends
experience, and surprises, excites, challenggs and develops new audiences. We are keen lo idenlily and
support up-and-coming, as well as establishecl, regional companies and performers who can contribute lo
the development of CAE programmes and projects and the beneficiaries of these.
Strategic report
The following sections lor achievements and performance and financial review form the strategic report of
Ihe charity.

Creative Arts East
Company Limited by Guarantee
Trustees. annual report (incorporating the directors, report) (continuedj
Year ended 31 March 2024
Achievements and performance
During 2023124 CAE continued lo develop ils Businass Plan in the context of COVID recovery, reviewing
areas of development and change as necessary alongside the linked Audience Development, Equality &
Diversity, and Environmental Action Plans.
CAE continued lo offer high quality, prolessional cultural inlervenlions lo rural or underserved comrnunilies
and isolated residents across Norfolk, Sullolk, and Cambridgeshire., enabling cultural engagement through
a programme ol rural cinema and performance events., and providing learning and participation
opportunities lor a range ol beneficiaries.
A number ol slralegic and developmental initialives were undertaken to evolve and enhance creative
provision for rural and underserved communities and the cultural workloree al large. these included the
design of a national partnership for library workforce upskilling, and ill.health-prevention and social
prescribing pathways development, in particular across Breckland.
Flnanclal review
Th8 annual income af Creative Arts East was £644,69812023: £597,470) and expenditure was £643.288
12023.. £599,928), resulting in a surplus 01 £1 ,410 {2023: delicil of £2,458).
Reserves Pollcy
The trustees, having regard to the liquidity requirements of operating the charity and to the reserves policy,
have operated a policy ol keeping available funds in an inleresl-bearing account and seek to achiev8 a
reasonable rale on deposit. Reserves are needed to bridge the gap between the spending and receiving ol
resources and lo Cover unplanned emergencies and other expenditure. The Trustees consider that the
minimum level ol reserves as at 31 March 2024 would be £50,000. The actual reserves were £77,407
providing the charity with £27,407 01 working capital. This working capital will be used to invest in the
charity's future by supporting activities that secure ils medium lo long term, andlor lo support, in the short
term, any funding shortfall.
Of the actual reserves, the charity's free resetves (being net current assets in the unrestricted fund,
including designated funds} amounted lo £66,29912023: £58,810).
Creative Arts East is gralelul to ils primary investor, Arts Council England. and those organisalions that
have supported mulli-year project aclivily, granted annual applications, andlor developed partnership
agreements, including British Film Instilule, Bofough Council of King's Lynn and Wesl Norfolk, Norfolk
County Council, Breckland Council, Norfolk and Norwich Festival, Applause Rural Touring, and
Cambridg8shire ACRE.

Creative Arts East
Company Limited by Guarantee
Trustees, annual report (incorporating the directors. report) (Continued)
Year ended 31 March 2024
Plans for future perlods
Having successfully completed Year 1 of a new funding term12023-2026) with increased investment from
Arts Council England as an Arts Council England National Portfolio Organisalion. between 2024-26
Creative Arts East will continue lo use this crucial investment to grow and develop the reach and impacl of
community touring across Norfolk, Suffolk, and Cambridgeshire, alongsidg the delivery of creative health
activities in Breckland.
During ihis lime, CAE will also deliver a number ol developmental projects, including Movelshake
programme of musicians in residence for children and young people supported by Youth Music12022-2025)
and Rekindle an action research partnership with Nortolk Library and Information SeNice and four other
national arts and library collaborations, seeking to develop new opportunities for arts access in and around
library spaces (Arts Council England investment 2023-2026).
Whilst the number of public events and audience members have returned lo pre-COVID levels during
2023124, there remains a considerable lack of available funding, both public and private, from which lo
secure our programme of work. The financial shock of the pandemic continues lo impact our business
model and the Board and Senior Management are taking the necessary steps lo address this, including by
setting multi-year budgets, undertaking regular financial relorecasling, evidencing impact and need, actively
lundraising, developing a new phased 10-year Business Plan and associated strategies lor the first 2024-
2027 term, and maintaining tight spending controls on our overheads and delivery lines whilst ensuring a
quality and impactlul provision.
By taking this approach, CAE has mainlained ils linancial position and forecasts a breakeven budget for
2024125 in which to do the essential work ol fundraising lor futur8 years. This loundalion, alongside our
track record in designing, fundraising, and delivering social impact projects stands us in a strong position lo
maintain a sound financial position in the longer.term.

Creative Arts East
Company Limited by Guarantee
Trustees, annual report (incorporating the directors. report) (continued)
Year ended 31 March 2024
Structure, governance and management
Governing document
Th8 organisation is a charitable company limited by guarantee, incorporated on 20 July 1994 and registered
as a charity on 23 August 1994. The company was established under a Memorandum ol Association which
established the objects and powers of the charitable company and is governed under its Articles of
Association.
Trustee selectlon methods
Trustees are elected Irom and by the lull members al the Annual General Meeting. One third of the trustees
must retire from office. The members to retire shall be those longest in ollice since their last election. Thes8
members are eligible for re.election. Two members are appointed representing service users or partners,
the remaining members are appointed by the company in general meeting as il thinks fit.
Trustee inductlon and tralnlng
New Trustees undergo an orientation day to brief them on their legal obligations under charity and company
law, the Charity Commission guidance on public benefit, content of the Memorandum and Articles of
Association, the Board, the sub-committee and the decision making process, the risk register, the Business
Plan and recent linancial information including the financial performance of the charity.
During the induction day, they meet key employees and other Trustees.
Trustees are encouraged lo attend appropriate external training events where these will facilitate the
undertaking ol their role.
Organlsatlonal structure
The Charity is governed by a Board ol Management who are elected lo ollice at the AGM in accordance
with the terms laid down in its Memorandum and Articles of Association. This Board ol Management are the
trustees of the Charity.
The Board meets quarterly and there is a sub.committee covering finance, audit and slafl which normally
meets twice a year or more Irequenlly as required. An Executive Director is appointed by the Trustees lo
manage the day to day operations ol the Charity.
Decisions are made by th9 Board bul lo lacilitale operations, the Executive Director has delegated authority
lor operational matters including finance, employment, fundraising, programming and project management.
The Executive Director and Financ8 Manager attend Board meetings to present reports and advise the
Board.
Risk management
The Board of Management meols on a quarterly basis lo discuss the issues and risks affecting the
company. The company has appropriate systems in place lo identify potential risks and assess them in
terms of likelihood and significance. The risks are regularly monitored and controls ale implemented in
order to mitigate any impact that they may have on Creative Arts East. This includes a Risk Register, the
content ol which is informed by consultation with slafl, Board and external stakeholders and which is
reviewed at each Board meeting.

Creative Arts East
Company Limited by Guarantee
Trustees, annual report (incorporating the directors. report) (continued)
Year ended 31 March 2024
Structure, governance and managemenl (contlnued)
Independenl examiner
The independent examiner, Mark Proctor of Lovewell Blake LLP, will be proposed lor re-appointment al the
forthcoming Annual General Meeting.
The trustees, annual report and the stralegic report wer8 approved on .5 q 2ts24
behalf of the board ol trustees by..
and signed on
Max Edwards (Chairl
Trustee
10-

Creative Arts East
Company Limited by Guarantee
Independent examiner's report to the trustees of Creative Arts East
Year ended 31 March 2024
I report lo the charity trustees on my examination of the financial statements ol the company for the year
ended 31 March2024 which comprise Ihe statement ol linancial aclivilies (including income and
expenditure account}, statement of financial position, statement ol cash flows and the related notes.
Responslbllltles and basls ol report
As the charity's trustees ol the company {and also its directors lor the purposes of company lawl you are
responsible lor the preparation ol the financial statements in accordance with the requirements ol the
Companies Act 2006 {'the 2006 Acl'l.
Having satisfied mysell that the financial statements of the company are not required to be audited under
Part 16 01 the 2006 Act and are eligible for independent examination, I report in respect ol my examination
of your company's financial statements as carried out under section 145 of the Charities Act 2011 ('the
2011 Act'l. In carrying out my examination I have followed the Directions given by the Chaiily Commission
under section 145151{bl of the 2011 Act.
Independent examlner's statemenl
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 01 the 2011 Act. I confirm that l am qualifi8d to undertake the examination because l am a
member ol the Institute ol Chartered Accountants in England and Wales IICAEWI, which is one of the listed
bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the company as required by section 386 of the
2006 Act., or
the financial slalemenls do not accord with those records; or
the financial statements do nol comply with the accounting requirements ol section 396 of the
2006 Acl other than any requirement that the accounts givg a 'true and fair, view which is not a
matter considered as part ol an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles
of the Statement of Recommended Practice for accounting and reporting by charities applicab18
to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order lo enable a proper undorslanding of the accounts to be
reached.
hAark Proctor FCA DChA
Independent Exatniner
Lovewell Blake LLP
Chartered accountants
Bankside 300
Peachman Way
Broadland Business Park
Norwich
NR7 OLB

Creative Arts East
Company Limited by Guarantee
Statement of financial activities
{including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
funds Tolal funds
2023
Unrestricted
funds
Total funds
Nole
Income and endowmenls
Donations and legacies
Charitable activities
Investment income
225,272
38,476
14,196
225,272
405,230
14,196
644,698
191,633
402,747
3,090
366,754
Total income
277,944
366,754
597,470
Expenditure
Charitable activities
276,534
276,534
366,754
643,288
643,288
599,928
Tolal expendlture
366,754
599,928
Net Incomel(expendlture) and net
movement In funds
1,410
1,410
12,4581
Reconclllation of funds
Total funds brought lorward
Total funds carried torward
75,997
77,407
75,997
77,407
78,455
75,997
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The noles on pages 15 to 25 form part of these flnancial statements.
12-

Creative Arts East
Company Limited by Guarantee
Slatement of financial position
31 March 2024
2024
2023
Nole
Fixed assels
Tangible lixed assets
Investments
13
14
9,608
1,500
15,687
1,500
11,108
17,187
Currenl assels
Debtors
Cash at bank and in hand
15
16,408
416,724
30,061
327,333
357,394
433,132
Creditors: Amounls talllng due withln
one year
Net current assels
16
{366,833)
1298,584}
66,299
77,407
77,407
58,810
75,997
75,997
Tolal assets less current liabilitles
Net assets
Funds of the charlty
Unreslricled funds
77,407
77,407
75,997
75,997
Total charily tunds
18
For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not rgquired the company lo obtain an audit ol ils financial slalements for the year
in question in accordance with section 476.,
The directors acknowledge th8ir responsibilities lor complying with the requirements ol the Act with
respecl lo accounting records and the preparation ol financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies
subject lo the small companies, regime.
These financial statements were approved by the board ol trustees and authorised lor issue on
1 g ;lJw,l (>24, and
signed on behalf ol the boar
ards (Chairl
ee
Company registration number.. 02960157
The notes on pages 15 to 25 form part ot these financial statements.
13-

Creative Arts East
Company Limited by Guarantee
Statement of cash flows
Year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net incomel{expenditure)
1,410
(2,4581
Adjustments for..
Depreciation of tangible fixed assets
Other interest recgivable and similar income
8,299
114,1961
11,592
13.0901
Chang9s in."
Trade and other debtors
Trade and other credilors
13,653
68,249
11,549
(47,680)
{30,0871
Cash generated from operations
77,415
Interest received
14,196
91,611
3,090
Net cash fromllused inl operating activities
126,9971
Cash flows from Investing actlvStles
Purchase ol tangible assets
Nel Cash used in inv8sling activities
{2,2201
12,220}
{1 ,8471
11 ,8471
Net Increasel(decrease) in cash and cash equivalents
Cash and cash equlvalents at beglnning of year
Cash and cash equlvalents at end of year
89,391
327,333
416,724
128,8441
356,177
327,333
The notes on pages 15 to 25 form part of Ihese financial statements.
14-

Creative Arts East
Company Limited by Guarantee
Notes to the financial statements
Year ended 31 March 2024
General inlormation
The charity is a public ben81it entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Walos. The addiess of the registered
office is Dragon Hall, 115-123 King Street, Norwich, Norfolk, NR1 1 QE.
Stalement of compliance
The charity constitutes a public benefit enlily as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accaunls in accordance with the
Financial Reporting Standard applicable in the UK and Republic ol Ireland issued in October 2019, the
Financial Reporting Standard applicable in the United Kingdom and Republic ol Ireland {FRS 1021,
the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
Accountlng policles
Basls of preparation
The financial slalements have been prepared on the historical cost basis and are prepared in sterling,
which is the functional currency ol the entity.
Golng concern
The trustees have considered the level of funds held and the expected level ol incom8 and
expenditure for 12 months from authorising these financial slalements. The budgeted income and
expenditure is sullicient with the level ol reserves lor the charity to be able to continue, and as a result
the financial statements have been prepared on a going concern basis.
Fund accountlng
Unreslricled funds are available for use at the discretion of the Iruslees lo further any of the charity's
purposes.
Designated funds are unrestricted funds earmarked by the Iruslees for particular future projecl or
commitment.
Restricted lunds are subjected lo restrictions on their expgnditure declared by the donor or through
the terms ol an appeal, and fall into one ol two sub-classes.. restricted income lunds or endowment
funds.
Income
All income is included in the statement of financial activities when entitlement has passed lo the
charity, it is probable that the econorllic benefils associated with the transaction will flow lo the charity
and the amount can be reliably measured. The following specific policies are applied lo particular
categories ol income..
income from donations or grants is recognised when there is evidence of entitlement to th8 gift,
receipt is probable and its amount can be measured reliably
funding received in respect of future years is shown as deferred income at the balance sheet date
and recognised in the period when the related activity occur5
15-

Creative Arts East
Company Limited by Guarantee
Noles to the financial statements (continued)
Year ended 31 March 2024
Accounling policies (contlnued)
Government grants
Government grants are recognised using the accrual model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis
over the periods in which the company recognises the related cosls for which the grant is intended lo
compensate. Grants that are receivable as compensation for expenses or losses already incurred or
for the purpose of giving immediate financial support to the entity with no future related costs are
recognised in income in the period in which il becomes receivable.
Expendilure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement ol financial
activities to which it relales..
expendilure on raising funds includas the costs of all fundraising activities, 8vents, non-charitable
trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities
that further its charitable aims for the benefit ol its beneficiaries, including those support cosls and
costs relating lo the governance ol the charity apportioned to charitable activities.
All costs are allocated to expenditure categories reflecting the use ol the resource. Direct costs
attributable to a single activity are allocated directly lo that aclivily. Shared costs are apportioned
between the activities they contribute lo on a reasonable, justifiable and consistent basis.
Operating leases
Lease payments are recognised as an expense over Ihe lease term on a slraight-line basis. The
aggregate benefit ol lease incentives is recognised as a reduction lo expense over the lease lerm, on
a slraighl.line basis.
Tanglble assets
Tangib18 assets are initially recorded al cost, and subsequently slated at cost less any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at
the fair value at the date of revaluation Sess any subsequent accumulated depreciation and
subsequent accumulated impairment losses.
Depreclalion
Depreciation is calculated so as to wrile off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows=
Website
Display and office equipment
Cinema equipment
Computer equipment
20°/0 Straight line
3301. Straight line and 20 % straight line
50 % Straight line and 330/0 Straight line
33°/o Straight line
16-

Creative Arts East
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
Accounling pollcies (contlnued)
Investments
Unlisted investments are inilally recorded al cost, and subsequently measured at lair value. If fair
value cannot be reliably measured, assets are measured al cost less impairmgnt.
Impairment ol lixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes ol irnpairment testing. when it is not possible lo estimate the recoverable amount of
an individual asset, an estimate is made ol the recoverable amount ol the cash-generating unil lo
which the asset belongs. The cash-generaling unit is the srnallest identifiable group of assets that
includes the asset and generates cash inflows that largely independent ol the cash inflows from other
assets or groups of assets.
Financlal Instruments
A financial asset or a financial liability is recognised only when the entity bgcomes a party to the
contractual provisions ol the instrument.
Basic financial instruments are initially recognised at the amounl receivable or payable including any
related transaction costs, unless the arrangement conslilules a financing transaction, where it is
recognised al the present value ol the future payments discounted al a market rale of interest lor a
similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to b8 paid or received and not discounted.
Delined contrlbulion plans
Contributions lo defined contribution plans are recognised as an 8xpense in the period in which the
related service is provided. Prepaid contributions are recognised as an assel to the extent that the
prepayment will lead lo a reduction in future payments or a cash refund.
Limited by guaranlee
Creative Arts East is a company limited by guarantee and accordingly does not have a share capital.
Donatlons and legacies
Unreslricled Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations
Donations in kind
171
171
566
6,000
566
6,000
17-

Creative Arts East
Company Limited by Guarantee
Notes to the financial statements (conflnued)
Year ended 31 March 2024
Donations and legacies (conllnued)
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Granls
Grants
225,101
225,101
185,067
185,067
225,272
225,272
191,633
191,633
Grants received, included in the above, are as follows..
2024
2023
Arts Council NPO Funding
Breckland Council
King's Lynn and Wesl Norfolk Council
Norfolk County Council
Other grants
Tolal grants
204,760
4,000
3,000
10,307
3,034
167,760
4,000
3,000
10,307
225,101
185,067
Charltable acllvltles
Unrestricled
Funds
Restricted Total Funds
Funds
2024
Project activities
38,476
366,754
405,230
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Project activities
67,813
334,934
402,747
Investment Income
Unrestricted Total Funds Unreslricled Total Funds
Funds
2024
Funds
2023
Bank interest
14,196
14,196
3,090
3,090
Expendlture on charltable aclivltles by activity type
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Direct project costs
Wages
Social security
Rent and rates
Printing, postage and stationery
285,294
285,294
275,010
17,091
11,318
2,778
204,244
301,067
18,591
13,171
5,286
275,010
17,091
11,318
2,778
18-

Creative Arts East
Company Limited by Guarantee
Notes to the financial statemenls (continued)
Year ended 31 March 2024
Subscriptions and publications
Telephone and fax
Training and development
Travel and entertainmenl
Other staff cos15
Depreciation
Sundries
Bank fees and charges
Repairs and maintenance
Offic8 costs
Marketing
Insurance
Legal and prolessional lees
Governance costs
4,293
1,198
915
757
7,226
7,081
108
1,021
6,798
11,278
4,190
2,294
505
4,133
4,293
1,198
915
757
7,226
7,081
108
1,021
6,798
11,278
4,190
2,294
505
4,133
4,162
1,428
4,489
486
4,027
11,592
91
425
10,054
9,898
3,543
2,079
5,295
285,294
357,994
643,288
599,928
Expenditure on charitable activities includes reslricled expenditure amounting to £366,754 {2023-.
£334,934).
Governance cosls
2024
2023
Independent examination - current year
Independent examination prior year
Olher accountancy services
3,156
3,156
1791
2,218
977
4,133
5,295
Net incomel(expenditure}
Nel income/{expendilure) is slated after charging/{creditingl'.
2024
2023
Depreciation of tangible fixed assets
8,299
11,592
10. Independenl examination fees
2024
2023
Fees payable to the independent examiner for:
Independent examination of the financial slalements
3,156
3,077
11. Staff costs
The lotal stall costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
265,188
17,091
9,822
291,226
18,591
9,841
292,101
319,658

Creative Arts East
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
11. Staff costs (contlnued)
The average head count ol employees during the year was 13 (2023.. 15).
No employee received employee benefits of more than £60,000 during Ihe year (2023.. Nil).
12. Trustee remuneralion and expenses
There were no trustees, remuneration or other benelits for the year ended 31 March 2024 nor for the
year ended 31 March 2023.
No Iruslee expenses have been incurred in either Ihe current or previous year.
13. Tangible fixed assets
Dlsplay and
offlce
Cinema Compuler
Webslte equipment equlpment equipment
Total
Cost
At 1 Apr 2023
Additions
Disposals
At 31 Mar 2024
30,383
11,665
1,922
33,296
27,690
298
1774>
27,214
103,034
2,220
17741
104,480
30,383
13,587
33,296
Depreciation
At 1 Apr 2023
Charge for th8 year
Disposals
At 31 Mar 2024
18,230
6,076
10,631
290
33,295
25,191
1,933
17741
28,350
87,347
8,299
17741
94,872
24,306
10,921
33,295
Carrylng amount
At 31 Mar 2024
6,077
2,666
1,034
864
9,608
At 31 Mar 2023
12,153
2,499
15,687
14. Inveslmenls
Other
Investmenls
Cost or valuation
At 1 Apr 2023
Additions
1,500
Al 31 Mar 2024
1,500
Impairmenl
At 1 Apr 2023 and 31 Mar 2024
Carrying amounl
At 31 Mar 2024
1,500
At 31 Mar 2023
1,500
-20-

Creative Arts East
Cornpany Limited by Guarantee
Notes to the financial statements (contlnued)
Year ended 31 March 2024
14. Investmenls (contlnued)
All investments shown above are held at valuation.
There were no inveslment assets outside the UK.
Investments (neither listed nor unlisted) were as follows..
2024
2023
Peter Blake athork
1,500
1,500
15. Deblors
2024
2023
Trade debtors
Prepayments and accrued income
9,752
6,656
24,691
5,370
30,061
16,408
16. Credilors: Amounts falllng due wlthin one year
2024
2023
Trade creditors
Accruals and deferred income
Social security and other taxes
8,001
355,139
3,693
24,617
270,678
3,289
366,833
298,584
2024
2023
Deferred income brought forward
Released during the year
Deferred during the year
Deferred income carried forward
262,894
(262,8941
344,328
344,328
318,759
1318,759)
262,894
262,894
Deferred income relates to funding received in respect ol future years.
17. Penslons and other post rellrement benefils
Defined contributlon plans
The amount recognised in income or expenditure as an expense in relation to defined contribution
plans was £9,82212023.. £9,841).
21

Creative Arts East
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2024
18. Analysis of charltable funds
Year ended 31 March 2024
Unrestricted funds
At 1 April
2023
At 31 March
2024
Income Expenditure
Transfers
General funds
Designated funds
25,997
50,000
75,997
277,944
{276,534}
27,407
50,000
277,944
1276,5341
77,407
In the prior year the trustees transferred funds of £50,000 to a designated fund. These funds are
considered lo be sufficient to cover necessary costs in the event ol the Charity's closure.
Restrlcted funds
Al 1 April
2023
Al 31 March
2024
Incorne Expenditure
Transfers
BFI FAN Film Exhibition
Fund
Cambridge Rural Touring
Flock l Young Creatives
Network
Inn Crowd
LCEP
Kickstart
Mereers (The Earl ol
Northampton Fund}
Non-Breckland Arts lor
Health
Plugged In
Breckland Arts lor Health
Youth Music Project
Rekindle {Nalionall
Rekindle (Norfolkl
34,049
26,997
{34,049)
126,9971
4,274
15,624
5,863
3,984
(4,2741
(15,6241
15,863}
13,9841
21,219
(21,2191
26,524
3,000
29,083
25,122
159,638
11,377
366,754
126,524)
13,000)
129,0831
125,1221
(159,6381
{11,3771
1366,7541
-22-

Creative Arts East
Company Limited by Guarantee
Notes to the financial statements (contlnued)
Year ended 31 March 2024
Year ended 31 March 2023
Unreslrlcted funds
Al 1 April
2022
At 31 March
2023
Income
Expenditure
Translers
General funds
Designated funds
78,455
262,536
(264,9941
150,0001
50,000
25,997
50,000
78,455
262,536
1264,994)
75,997
Restricted funds
Al 1 April
2022
At 31 March
2023
Income
Expenditure
Transfers
BFI FAN Film Exhibition
Fund
Cambridge Rural Touring
Flock l Young Creatives
Network
Inn Crowd
LCEP
Kickslart
Mercers (The Earl of
Northampton Fund}
Operation No Cold
Shoulder
Non.Breckland Arts for
Health
Plugged In
ACE SE Libraries
Touring Project
Breckland Arts for Health
Spirit of 2012
VCSE Digital Inclusion
Youth Music Project
29,216
20,202
(29,2161
120,2021
27,535
27,908
13,018
7,920
127,535)
127,908)
113,018)
17,920)
25,000
{25,0001
937
19371
44,777
20,633
144,7771
120,6331
138
43,966
57,911
13,557
2,216
1138)
143,966}
157,911}
113,557}
(2,2161
1334,9341
334.934
Mercers - a three year project lo support older people across Norfolk, including Our Day Out and rural
touring activity 2019-2023.
Plugged In supporting artists with protected characteristics to create a range ol digital andlor live
performance work, and engages both digitally and in person.
LCEP - Arts Council funding and partnership investment via Norfolk and Norwich Festival to support
Ihe coordinalion and delivery lunclions of PEACH West Norfolk
a Local Cultural Education
Partnership across April 2020-March 2025. The work ol the LCEP, which is administered by CAE,
aims lo radically transform the cultural education provision and ambitions of children and young
people across the Borough of King's Lynn and West Norfolk.
Non-Breckland Arts lor Health (prev. Our Day Out) These funds support afternoon crealive
workshops in rural cornmunilies across West Norfolk and Great Yarmouth; enabling vulnerable older
people experiencing ill hGallh and l or loneliness to take part in creativity and increase their wellbei ng
and social connecledness as a result.
-23-

Creative Arts East
Company Limited by Guarantee
Notes to the financial statements {conllnued)
Year ended 31 March 2024
Rekindle
{2023-2026) An Arts Council England Nationally Strategic Project supporting action
research belween arts organisatior15 and library services in 5 localities: Norfolk, Medway,
Buckinghamshire, Sandwell. Blackburn, delivering workforce training and creative programming in the
library space.
Cambridge Rural Touring
an Arts Council Projecl Grants funded partnership project, led by
Cambridgeshire ACRE from April 2020 - September 2023. The project will serve to reignilo rural
louring provision across north Cambridgeshire, supporting and enabling community volunteer groups
lo access the Crealive Arts East Live and Screen rnembership schemes.
Breckland Arts for Health {prev. Silver Sociall - Breckland Council investment supporting afternoon
creative workshops and 8vents in rural communities across Breckland; enabling vulnerable older
people experiencing ill heallh and / or loneliness to take part in creativity and increase their wellbeing
and social connectedness as a result.
Inn Crowd - a three year project supporting live performance in rural pubs {2016-20191, leading to a
further three-year project Inn Crowd Pubs + (2019-2023)
VCSE Digital Inclusion Grant - This funding supported the purchase and use of digital lablets and
accessories, as part af our Creative Socials programme wilh vulnerable older people, aiming to
increase digital confidence and competence.
Youth Music Move Shake
12022- 20251 community musicians in resiclence across 6 rural
communities and training lor young people to become community music event managers.
FLOCKI Young Creatives Network (formerly Kickstartl a multi-sector regional scheme aiming to
network and support young emerging creatives through dedicated training and employment
opportunities.
BFI FAN Film Exhibition Fund project funding from BFI FAN to support the annual costs of
community cinema scherne, including management and licens8 subsidy12023-20261
19. Analysls ol nel assets belween funds
Unreslricled
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Investments
Nel current as5els
9,608
1,500
66,299
9,608
1,500
66,299
77,407
77,407
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Investments
Net current assets
15,687
1,500
58.810
15,687
1,500
58,810
75,997
75,997
-24-

Creative Arts East
Company Limited by Guarantee
Notes to the financial statements (contlnued)
Year ended 31 March 2024
20. Analysis ot changes in net debt
At
Al 1 Apr 2023 Cash Ilows 31 Mar 2024
Cash at bank and in hand
327,333
89,391
416,724
21. Operatlng lease commltments
The total lulure minimum lease payments under non-cancellable operating leases are as lollows..
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
227
910
227
227
1,137
22. Related partles
During the year artist's fees of £nil (2023.. £3,446} were paid to James McDermotl, a Iruslee of
Creative Arts East.
During th8 year reimbursed expenses of £40612023.. £708) were paid lo Liz Somerville, a trustee ol
Creative Arts East, in connection with one ol the charity's health schemes for which she is a volunteer.
No other related party transactions took place during the year.
-25-