CorDpany tE8itration nuttth>er. 03134966 Charity rtw511l)¢1 number. 1051428 Creative Oundle Limited IA limiwj by share capitsll ADnuaJ R¢Frtwt and Financid St*nvts rorthe Year Endtyj 31 (kthber 2025
Creative Oundlt Limited CollteDts R¢feraK¢and AdmiThistraiivt tkthi15 Truses' ReFtdt 2w3 Statcmcnt ofTnLoc& Rwthsibiliiie5 IndEPEndent Examurfs Rtp)rt SthnKniof FanCial Aaiviii¢5 BaLin¢¢ Shed Notes th the Fwdnctal SthTrxnts 810 16
Creative Oundle Limited Reference and Administrative Details Tru5ttts Anne Bumett Prof. Kevin Schur¢r Christopher BacTkow5ki Jvemy Hutton AIyg)n Allfree David Humphrrys laprx)inted IOA)212025} Robert Ian Dou8l&s {arvTrinted 27108120251 Registered Offic¢ The Old Town Hall Market Place Oundle PE8 4BA Cornp%ny RegistratlOD Number 03134966 Ch•rity R¢gistr¥tion Nuthbtr 1051428 Accountant TC Group The Old Town Hail mark Place 01¢ PE8 4BA
Creative Oundle Limited Tr•sttt5' Report Th¢ trustres. who are directors for the purws¢s of compaThy laiv, PTeseM annual Twt with th¢ finarKial srat¢m¢nts of the Lharitsble company foT the yeatetmkd 31 0¢[1025. Objectives activitits P¥blic benefil The trusiees confirni thai they have compli¢d wth ts TequsrenKI of seciion 4 of Chariiies Aa 2011 to hav¢ du¢ regard to th¢ public tr¢nefii guidaJKf publiskd by th¢Charity Commission for Englaj aThJ Wale5. STRUCTURE, GOVERNANCE AND MANAGEMENT Creative Oundle is 8overn2d by a Board of seven aPp}led Trustees. Ptowlsed T[$t$ are notninafrd by exi81ing TTusiees atKi are ctK>5en for their experli% a p3rticular areaof relevance to the running of the orwdnisatiorL Prop)sed Ttte5 att acttpted onto the Board by tht apr0¥•1 of all existing Trustee& The core activities of the tharity. the )outkg OTEanisi's Cour tolllinue to Eain financial SUPTX)rt fTom donots under the matyn]enl of the outle for Organists ditECtor and adtninistrator. An MItiOnal pro8ramn of musio einema and comedy w&$ deliveTed by the IeS a[ volunteeT5 the 5UPP)rt of a pHrt thinistror. Govtrning dotumtnt The charity iakts the forn) of a company limited by defthled by the Companies Art 2(MJ6. GovemaThce and management is strictly conitolkd by its COrt81itutionaldocwKnL8. Risk 18tMefit. The Trustees have a duty to identify atml ieview the tisks to which the Charity is exTK)sed 10 ensute approale controls are in place to PTovide reasonable assuT3nce against fraud ar error. The Trustee5 have had regard the Charity Commission guidance on pyblic ben¢f)l. A5 th¢ rhyrity's ¥iiviti¢s are in th¢ ar¢as of musi¢, arys 3nd ¢du10Th with On aw¢55 (via tick¢t sal¢s ¢¢.) to evenrs Itk Trustees lieve the demon5trwion of public t¢nefit is ckar AIMS AND OkITI%s The aims of Creative Oundle are to". - ProNEote extelleTKe arml enio)ryntht in tnusic and th2 arts through all its WOTk. - Wi opportunities lo ¢ngage with music and the 3ns through educat arml [tI)I]n. - Incr¢ase ac(r55 to. a[ provide outstanding tuition foT. y>ung organists through an inrnatioDally pr¢)rnin¢m prograrn of wncomFrtitive r¢sid¢ntial course5. rKrformance5 from intrmaiionaj. naiional and l¢)cai aris arxl provKk a platform for aspiring young 3nists of ¢x¢£ll¢e. culwral a1vill¢S rhrough)ui ihe across a rary of mvsical ar¥J artisuc genres PTovid¢ ACHIEVEMENTS AND PERFORMAYCE Creaiivc Oundle delivercd the PullinE Out the Stops aThl Sumthr Sch1 0 courses to a full ¢ompiement of sDJdents. these ourse8 wete verysucttssful and continue to attr1 genero supw>rt from donots. OtheT X¢tivitie5 included music and dra[ events aThl Party at the Wharf which contitLL* to k very TX)pulaT aTrJ an expanthd programffle of j]dY perforttwJc¢s ha5 a150 very w¢ll re4zive
FINANCIAL REvrÉw Tnt
KiDgdom Accouniing StaDdard8 (United Kingth)m GenuaUyAcc* A¢)Untin8P1act} aDd 8ppIic4ble lawand regulations. Statr of 8ffayJs of th¢ dwi"tsble crADpffj Ind of its I)1 rey)uDx 9j 8ppli¢atson of re50WC ' select SUit8IA¢ ¥xountin8 Polici and alY the4nuID•,
Creative OuDdle Limited IDdependeDt ExxzDlner's Report to the tnsttts of Creatlve 0]e Llmited I rwion the accollntsof thecharity fortheyearcth 31 (ktd)er2025 wbirh atEset (xrt 16. Reypective rnponsibfiities of ste4$ and eumiMT The mjstecs Iwkn are akn the diTectoTh ofthecow fthe PUTfn5a of crywlawl atr tr¥AJrLsibie forthepwtsL of the The hwstees ¢onsider that an audsi is for this t¥er $ttOr 144121 oftsckniiies Act 20111ts2011 Aetl thall indepeJxl¢nt eXa[nittt0n LS nttdul. Havitt8 satisfied mYf that the ¢h•rity isw Wb) to Wmiit jaw is dipThle for]lCpknt exarninatio it is my re5w>nsibility to". examinethe accounts under stttion 145 of thc 2011 A to fallow the PTo¢dtsres laid down in ¢he 8•81 th"r¢ttiOnS 8ivts by Cknity Comjion stttion 145(5Xbl ofthe 2011 A¢4 and to Slate whether particular matta5 havec4Kne to my all11n. B$is of llldeptttdetht txmltttr's rwt My exarniHalion was carried out in xcordaKe with the 81 thr#¢ions by dCh8rityConunission. An eAaTnination int1jeS a r¢view of the xcounting Tecords kept by the charity a Convn of ¢he ¥cwJts presented with th)se Tecords. It als) include5 ¢onsideration of any Un>1 itc5 ordisrhrES in athj seaing eKplanabo]¥s V as tsw¢¢¢s ¢tyKeming •ny matters. The prncaluTes uthaken (k) ptDvideall the eVideethat woubj be in an a111 and c4)tLSCqUEnity noopiwon is a5 lttdeptrtdet txamintr'a $tsteMtt In the COUT5eof my examination. w TnItterh come lo myallajiion". 111 whi¢h gives m¢ reasonab Cause to b¢]L¢V¢ thal in any material resptti thctnLStecs have nrnthe rtswLtemeiits to c1Ure dt.. ' prDper accountin8 Tg¢ords are kept in with Stttion 130 of the Ch8n"ne5 Aci aTrJ ' wout)tsgre prepar•1 whi¢h asre¢ with th¢nrd$ON1 cotrwy with r4wrcrnOfthe CIwiti¢5 Acr or have T1 Ixen Tit or 12) to Whic in my opinior4 attll0 btdrnwn ID ryder to thJIF0r of the xcounts to be rexhts4. FCA TC Th¢OldTown Hall Mayket Place rtdle PE8 4BA Datt.. IS July 2026
Cruiivt O¥&dlt iinited 5tat¢TheTht of FiThti] Atlivitits for tbt Yttr Ended 31 October 2025 {JthtldIOg ltttome ttd EtPeAditure_4tto#Dt and Ststtmeni of T1 Rtcognised G•iD5 •Nd t55¢$ ds 2025 Dorntions Atwj leEACieS A¢tivities for ÉttKraiinBf¥TrJs lthves¢meM IrKome Otherinrorne Totsi Inujtnt 21.807 34.588 79.329 30.022 85.761 79.829 85.650 IS.7 115.797 ChanthlE acti¢5 T ExPej11(e 187.166) 187.1661 {2¥.807) IrK( N¢t¥t[neI in futs 17.478) 17.4781 T(Kal btwghE f(Kwatd Totsi ruryjs Carried fmwd 70.746 69230 70.746 69.230 78324 70.746 All oltht chat)tyS &lIe*denVe It(m pu
Tawble 888¢ts 12 17.030 19.131 13 9.839 101815 105259 88,703 14 (53.059) (37,088) 51.615 Net asxts 69230 70,746 Fnd1 of t&e ¢k*rky. TotAI 15 69230 70.746
Creative Oundle Limited Notes to the Financial Statements for tbe Year Ended 31 (ktober 202S I Charity 5tatu$ The charity is a charity limited by guaraniee and consequently does not have share capital. Each of the trustees is liable io contributr an amount r1 exceeding £1 iowards the assets of the charity in the event of liquidation. 2 AccountiD% litIeS Surnmary of Significant accounting policies and key aceounting estimates The Principal accounting polictes appli¢d in the preparation of these financial statements are set (Trut below. These policie5 have been con5LStenÉly applied to all the year5 presented. unless otherwise stated. Staternent of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recomfftended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable irt the UK and Republic of Ireland (FRS 1021 (effeciive l January 2015)- (Charities SORP (FRS 102)). the FinaD¢ial Reporting Stsndard appltcable in the UK and R¢public of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charitie5 Act 2011. Basis of preparation Creative Oundle Limited meets the definition of a public benefit entity LEnder FRS 102. Assets and liabilities are initially recognised at historical c05t or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern Th¢ truStS eonsider that there are no material uncertaintie5 atr)ut the charitys ability to continue as a going concern nor any 5i8nificant areas of uncertainty that affect the carrying value of assets held by the Charity. Ineome endowments All income is recognised once the charity has entKtlernent to the income. it is probable that the income will be received and ihe amouni of the income receivable thi be measured reliably. Donation$ and legacies Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the evtn( Ihai a donaiion is subjeci to conditions thai require a level of perforniae by the charity before ihe charity is eniiiled ro the funds, the income is deferred and nor recognised uniil either those ¢ondition5 are fvlly mer. or the fulfilmeThl of those conditions 15 wholty within the control of the charity and it j5 probable that these conditions will be fulfilled in the reporting period. Legacy gifts are recognised on a case by case basis following the of prob*e when the administraiorlexecutor for the eslate has communicated tn writing FKJth the amount and settlement date. In the ev¢nt that the gift i5 in the form of an asset other than cash or a financial asset traded on a recognised stock exchange. recognition is subject io the value of the gift being reliably measutable with a degree of reasonable a¢cura¢y and the tille to the assei having b¢¢n tTansf¢rr¢d to ihe Charity.
Clive Oundk Limited Notes to the Financial Statements for ¢he Year Ended 31 O¢tob¢r 2025 Grnnts receivable Grants are r¢¢ognised when the charity has an entitleTnent to the fund5 and any conditions linked io ihe grants have been met. Where perf0mnCe condition5 are attached to the grdnt and are yet to met, the income is recognised as a liability and iThcluded on the balance shttt as deferred incotne to be released. Deferred income Defted income represents amourtts received for fijture perithjsand is released io incoming resources tn the period for which, it has been received. Such income is only defetred when-. - The donor Specifies that the grant or donation must only be used in fvture accounting period5; or - The donor has imposed conditions which must be met before the charity ha5 unconditional entitlem¢nl. Eip¢ndilure All expenditure is recognised once there is a legal or constyucuve obligation to thai exndIture. it is probable settlement is requÈred and the amount can be measured lIablY. All costs are allocaied to the pplicable expendiDJie heading thai aggregate similar costs to thar caiegory. Where costs cannot be direcily atttibuied to particular headings they have been allocakd on a basis consisteni with the use of resources. with central staff Costs allocated on the basis of time spent. and depreCilOn charges allocaied on the portion of the asset's use. Other support costs are all0¢ed based on the spread of staff costs. Cbaritable activitie5 Charitable expenditure comprises those costs incurred by the ¢harity in the delivery of its activitie5 and services for its beneficiaries. li includes both costs that can be allocaied direttty to such activities and those costs of a indirect natur¢ n¢¢¢5sary to support them. Gov¢rDaDC¢ costs These include the costs attributsble io the chariry's compliance with constiiutional and 5tatytory requirem¢nts, including audit. slrategic managemenl and twstees's meetings ond reImtr5ed expens¢S. Government grants Governfftent grants are reCO)ised based on the accrual model and are measured ai the fair value of the asset received or receivable. Gtanis are classified as relating either io revenue or to assets. Grdnts rel*ing to revenue are recognised in income over the peri¢xl in which the related Costs are recognised. Grants relating to a5s¢ts ar¢ recognised over the expected useful life of the asseL Wh¢re part of a grdnt relaiing lo an asset is deferred, it is recogThised as def¢ed income. Taxation The charity is considered io the tests set out in Paragraph I Schedule 6 of the Finance Aa 2010 and theTefore it meeis the defthition of a charitsble company for UK corwtrTation rax pUryseS. Accordingly, the charity is poieniially exempt from tsxaiion in respect of income or capital gains received within cagOrieS covered by Chapter 3 Part I l of ihe Corporation Tax Act 2010 or Section 256 of the Taxaiion of Chargeable Gains Acl 1992. to the ext¢ni that such in¢ome or gains are applied exclusively lo charitable Purposes. Tangible fixed assets Individual fixed ass¢ts are initially recor(kd at cosL le$5 any subsequent accumulated depreciation and sybsequent accumulated impairrnent losses.
Creative OuDdle Limited Not£s to the FiD2ncig1 Ststements for the Year Ended 31 October 2025 D¢pr¢ciation and amortisatio Depreciation is provided on tsngible fixed assets so as to wriie off the cost or valuation, less any esiitnated residual value. over their expecied use1 economic life as follows.. sset class Portable Organ J¢sus Chamber Organ Office Equipment Deprttialion method and rate 3.33 /0 straight line ba5kS 20h siraight line basis 33_3•0' straight line basis Trade debtors Trade debtors are amounts due from cusiomers for m¢rchandis¢ sold or services perfornd in the ordinary course of business. Trade debiors are recognised inittally at the transaction price. They are subsequently MeUrEd at arrtortised cost Using the effective interest method. le55 provision for irnpairment. A provision for ihe impairnieni of trade debtors is established when there is objective evidence thai the charity will noi be able to wll¢ct all amounts due according to the Original tem)s of the r¢c¢ivabl¢s. C*sh And tAsh equiwalethts Cash and cash equivalents comprise on hand and ¢ail deposits, and other short-terrn highly liquid investments that are readily convertible to a known anjount of o5h and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations io pay for g(x)ds or services that have been acquired in the ordinary course of business from suppliers. A¢¢ounts payable are classified &5 cuent liabilitie5 if the charity does not have an unconditional right, at the end of the reporting period. to defer settletnent of the creditOT for at leasi twelve month5 after the reporting dale. If there is an unconditional righi io defer senlemenL for a( least twelve months after th¢ reporting date. they are presented as non-current liabilities. Trade creditors are recognised initially ai the transaction price and subsequently measured at amortised eost using the efYe¢iive interest method. Fund structure Unresrri¢ted in¢ome funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity. ReStriCd income funds are those donaied for use in a panicular area or for specific purposes. the use of which is resiricted to th8t afea or purpos¢.
CmifvtO••dlt 14e Fwwriil SlallK•tsfTrrthe Yer ElldEd 31 (*btr 21115 T•trl 2014 Z5 2.438 TMtsand GRnlS and($ Sponsoryhip 19.672 2.057 3.700 30.022 21.107 34.588 Tothl IOZ5 T•tsl 1024 79329 79J29 79A29 79M29 Totsl Z5 IOZ4 teYcsirttvabIe
Cytttive O•dlt iirnited Nott5 FL•llciI StattNbE•ts for the leNT Ewd¢d JI (ktobtr 2025 7 Exp¢•dit¥w¢oA ¢kirityb]e•¢tiIlt1 Titsl 2025 Totsl 2014 Slaff lint nOTrpJToII) Fnsions Con¢erL boxyYi(eaThJ v¢nu¢coys Cout5e tunningclS PriDlin¥. rAw¥e. adYertLsin¥Zj wAtketir4 IndepeDdentexaminerfs fee InsuTrNCt OtTice trnseS OccupaY Ttavel 3nd profess10 fee Depr¢uition 21.963 21.963 24J38 10 41.850 41.850 42J19 3.985 47242 28.807 3.985 2.Irx) 075 1.838 319 382 130 87.10fy 28.ID7 123275 8 Jippbrt t• Totsl In1¢Xalnel5 fee otherg9verw¢ co$ 2.100 2.100 g Trw5t¢u rtmllerAtioll and Notrusw. nor iny Fersons wnwedwith ElrykvE eCltythft91Yclr.
Creativt Oundk iAmit¢d Note5 to the FimaDcil Sttemt•ts for tbe Yur Ended 31 Ortober 2025 10 St8ff eosts The a88re8ate payroll costs were as follows: 2025 21124 Staff costs during tht y¢*r w¢rn: Staff c05t5 linc non-payroll) Staft'pensions 21.963 24.338 21,963 24,338 The monthly average numbtr of peT50ns {including Senior managem•)t tram) employed by the charity during the year expressed &s full lime equivalents was as ftsllows= 2025 P40 2024 Averag¢ Employtt5 No employee r¢¢eived emoluments of nN)re than £60.O¢K> during the y¢ar. The total employ¢e benefJL8 of the key management ptr50nnel of the charity ivtre £4,60712024- £6.9821. I l T•xailo The charity is a registered charity is therefore exempt frorn lOn.
Creative Oundle Limited Notes to tbe Finncig1 Statements for the Year EDded 31 (ktober 2025 12 Tangiblt fixed #sstts Je5•5 Chamber & Portable OrgAll Offiee Equipment Tot1 C051 At l November 2024 Additions At 31 OCtor 2025 43,425 13,145 56,570 43,425 13,145 56,570 Depr¢¢ltlo Ai l November 2024 Charge for the year At 31 October 2025 26.638 929 27.567 10.801 37.439 2,101 39.540 11,973 Net book value At 31 October 2025 15.858 1.172 17.030 At 31 October 2024 16,787 2,344 19,131 13 DelJtOTS 2025 2024 Trade Debtors Prepayments 2,762 682 3.444 7,363 2,476 9,839 14 Crtditors- mounts falling dlle within one year 2025 2024 Trade credilor5 Other ¢redilOTS Accruals and deferred income 581 1,553 52.478 53,059 35.535 37,088
Creative OuDdle iAmiied Notu to th¢ Financial Statemets for th¢ Year Ended 31 October 2025 15 Fund$ B•lant¢ #t I Noittsber 2024 BlgThtt at 31 Oetober 2025 Unre5tri£ted IndS Gen¢Tal 70.746 69,230 Bl#t¢ It I r4owembtr 2024 Blintt #t 31 October 2025 Rtsoures txptnded rtsolrees UDr¢slri¢t¢d fun Genetal Total restricted funds 70.746 85.650 28.807 14,457 187.1661 (28.8071 1115.9731 69.230 Total funds 70.746 69.230 Balance at I Novtmber 2023 Bi&ntt ai JI Ottober 2Q24 In¢oMiag resources Rt50urtt5 exptnded ULrtstricted funds General Tot*1 restricted lund5 Total funds 78.224 92.350 199.8281 12J.4471 1123.2751 70.746 23.447 115.797 78.224 70,746
ctIv¢ OuDdlt iAmittd N(btes to the FiDaDtiJ Ststements for the Ytr Endcd 31 Odobtr2025 U•Te5tri¢tt r•ds RHtri¢ttd Tot•1 fund5 Tngibl¢ fLx¢d a>sets 17_030 54.380 17.03 105.259 (53,0591 69230 50.878 150,8781 Clltrenl Ikgbilitie5 Totrl assets 69229 17 Rtllttd party tra•utliODJ During Iht ypr the Ttusttts and arty chiit# associatedw madea88rewdwaticLs crlIve Oundle LimL*d of £nJl (2O24-£Th11).