Registered number.. 03345162
Charity number.. 1063671
THE CREATIVE ART HOUSE
(A Company Llmlted by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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THE CREATIVE ART HOUSE
{a Company limited by guarantee)
CONTENTS
Page
Reference and Administrative Details of the Charity, its Trustees and Advisers
Chair's Statement
Trustees, Report
3-10
Independent Audltor's Report on the financial statements
Statement of Financlal Activities
15
Balance Sheet
16
statement of Cash Flows
17
Notes to the Financlal Statements
18-35

THE CREATIVE ART HOUSE
(a Company limlted by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
E Adair, Co-chair
A Asres (resigned 14 May 2024}
A Balchin, Co-chair (appointed 14 May 2024)
A Brooks
J Curran
B Esapathi (resigned 20 November 2023)
Dr A Langley (appointed 14 May 2024)
J Peel (appointed 17 April 20241
P Pickersgill (appointed 14 May 2024)
S Roads (appointed 11 October 20241
Chief executive
S Thornbury
Company reglstered number
03345162
Charlty registered number
1063671
Registered offlce
The Art House
Drury Lane
Wakefield
WF12TE
Independent auditors
Sumer Auditco Lld
Chartered Accountants & Statutory Auditors
14th Floor, 33 Cavendish Square
London
W1GOPW
Bankers
Unity Trust Bank plc
4 Brindley Place
Birmingham
B12HB
Sollcltors
Hempsons
The Exchange
Station Parade
Harrogate
HG11DY

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
INTRODUCTION FROM THE CHAIR
FOR THE YEAR ENDED 31 MARCH 2024
As Co-chairs of The Art House. it is our privilege to present our Trustees, Report and Financial Statements for
the year ended 31 March 2024. These documents tell the story of a year filled with creativity, resilience, and
meaningful impacl on our community.
This year, the team has continued our commitment to disrnantling barriers that limit participation in the arts.
Through pioneering initiatives and innovative programmes such as Studio of Sanctuary, the transformation of
unused spaces for artists through Well Placed and our work in Arts and Heallh, we have created spaces
where diverse voices can thrive. From welcoming new artists to our residencies and exhibitions to supportlng
asylum-seeking and refugee creators, our work has showcased the transfomative power of art in building
connections and understanding.
Our financial position remains a key focus. In a challenging economic climate, we have made significant
progress in diversifying income streams while carefully managing resources. The invaluable support of Arts
Council England and our other funders has underpinned our efforts, enabling us to plan confidently for the
future.
The year has also been one of govemance renewal, with the appointment of new Trustees bringing fresh
expertise to strengthen our strategic direction. Their dedication, alongside the passion of our staff, volunteers.
partners, and donors, fuels our collective ability to serve artists and communities alike.
Looking ahead, we remain Insplred by the stories of resilience and creativity we have encountered. These
accounts reinforce our resolve to build an even more inclusive, sustainable. and vibrant future for The Art
House and the communities we serve.
Thank you for your ongoing support, which makes all this possible.
17 December 2024
Emma Adair- Co-chair of Trustees
17 December 2024
Andrew Balchln - Co-chalr of Trustees

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2024
We, the Trustees, are proud to present our annual report alongside the audited financial
statements for the year from 1 April 2023 to 31 March 2024. These statements have been
prepared to fulfil the requirements for a directors, report and accounts as stipulated by the
Companies Act. In crafting this report and the accompanying financial statements. we have
followed the provisions of the Statement of Recommended Practice (SORP) "Accounting
and Reporting by Charities." This report reflects the commitment, innovation, and passion
that drive The Art House's work and contributions to the community.
The financial statements comply with the accounting policies detailed in the notes to the
accounts. aligning with the charity's governing document. the Charities Act 2011, and the
applicable accounting and reporting standards published in October 2019. These standards
ensure transparency, accountability. and the highest degree of financial integrity.
As The Art House qualifies as a small entity under section 382 of the Companies Act 2006.
the strategic report requirement mandated for medium and large companies under the
Companies Act 2006 (strategic Report and Directors, Report) Regulations 2013 has not
been included.
Objectives and Activities
a. Policies and Objectives
Our mission at The Art House is to provide an inclusive, accessible environment where both
disabled and non-disabled visual artists can thrive. We support artists in advancing their
practice, reaching wider audiences, and building meaningful networks through..
Providing accessible creative workspaces designed to foster creativity and inclusivity.
Hosting artist residencies, exhibitions, professional training. and personalised
guidance.
Actively promoting equality and diversity within the visual arts to champion
opportunities for all artists.
The Art House remains steadfast in its commitment to dismantling barriers-whether
physical. educational, social, or economic-that hinder visual artists. We have broadened
our reach to support marginalised communities, epitomised by our pioneering Studio of
Sanctuary programme. The UK-first initiative extends professional development, studio
space. and pastoral care to asylum-seeking and refugee artists, offering them a platform to
express and nurture their artistic vision.
Our dedication extends beyond artists to engage the wider Wakefield community through
impactful social projects, Arts and Health programmes, public workshops, and work with
children and young people. The Well-Placed programme has grown and attracted national
attention, thereby enhancing placemaking and fostering strong community partnerships in
alignment with the Government's objectives.
We work with the local authority and local businesses to help regenerate Wakefield through
arts, culture, and the creative industries.

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
b. Activities to Achieve Objectives
The Art House's facilities boast 45 artist studios, 3 fully equipped maker spaces-including a
print studio. ceramics studio, and darkroom-as well as versatile gallery and event spaces,
meeting rooms, a dedicated learning space, accessible residency accommodations, a coffee
house, a shop, and an outdoor terrace. Our comprehensive artistic programme fuels creative
gr0￿h and public engagement through..
Residency opportunities and commissioned work for artists.
Mentoring and artist-led practice-sharing.
A vibrant schedule of exhibitions, workshops, and events that connect artists with
audiences.
Our social engagement activities demonstrate our broader community commitment..
Pioneering the UK'S first 'Studio of Sanctuary, for asylum-seeking and refugee artists.
Running Arts and Health initiatives that promote well-being through creativity.
Organising public workshops and community festivals that promote artistic
involvement.
Supporting interim-use spaces through the Well Placed programme, benefitting local
artists and organisations.
Delivering educational projects for children, exemplified by our partnership with
Lawfield Primary School.
In all these activities, the Trustees have carefully considered the Charity Commission's
public benefit guidance to ensure that our work continues to meet the highest standards of
Se￿ice and community value.
Achlevements and Performance
a. Key Performance Indicators
The key financial performance indicators we monitor include:
Earned Income.. Derived from studio leases, meeting and event rentals, sales from
the coffee house and shop, and revenue from public and private workshops.
Charitable Income.. Primarily secured through Arts Council England {NPO funding)
and supplemented by grants from statutory bodies, trusts. foundations, and individual
donors.

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
TRUSTEES REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
b. Review of Activities
Programme
In 2023-24, The Art House presented a season of bold exhibitions that proudly supported
emerging or mid-career artists, most of whom are working or showcasing work for the first
time. A major highlight included the new collaborative project, Herperfonnance is taking
place at the beginning and end of the wortd, featuring seven exciting emerging artists and
recent Goldsmith's graduates., Farrah Akbarali, Hannah Moulds, Krystle Patel, Maria
Joranko, Mariette Moor, Stela Brix and Vanessa Walters.
We held 19 exhibitions on-site and 4 exhibitions off site highlighting the work of disabled or
other traditionally marginalised artists, alongside diverse international voices, with approx.
annual of 23,00 visitors <71,000 exhibition viewings across all projects).
In autumn 2023, TAH was thrilled to receive its second Sanctuary Award as 'Gallery of
Sanctuary, and achieved the re-awarded status as a Studio of Sanctuary - a recognition of
our ongoing commitment to supporting those seeking asylum in the country since 2017. as
well as creating space within our galleries to profile artists with lived experiences of
displacement. In celebration we showcased an exhibition of artists and projects we have
supported over the last 6 years.
Another exhibition highlight celebrated a premier solo presentation of work from Jessie
Davies, following her 2021-22 residency at TAH. Davies is a predominately non-verbal artist
who uses the language of paint to highlight the importance of the UK'S fragile ecosystems,
as seen in her show Perspectives.
TAH is committed to supporting and promoting the practices of artists who have not yet
exhibited in the UK. Our international representation and exhibition highlights celebrated the
work with the first major presentation by Madhu Das. TAH spotlighted his brand-new solo
project, fragile /fragment/fermentation, marking the artist's first and most comprehensive
collection of new work in the UK. Das, who lives in Mumbai, India, creates work inspired by
oral history and the uncovering of stories connected to geography, history and community.
In total, the 19 exhibitions we held onsite included..
herperfonnance is taking place at the beginning and end of the wortd, with Farrah
Akbarali, Hannah Moulds, Krystle Patel, Maria Joranko, Mariette Moor, Stela Brix,
and Vanessa Walters
Dreaming Methods.. The Abandoned Library.
Mohamad Hafeda.. The Time While Waiting.
Kate McDonnell: Processing
Clare Carter.. Matemal Stratum
The Royal Society of Sculptors presents.. The Gilbert Bayes Award, with Catriona
Robertson, Emily Woolley, Iwona Rozbiewska, Lewis Davidson, Louisa Johnson,
Rosalie Wammes, Sasha Tishkov, Veronika Neukirch, Yambe Tam and Zara
Ramsay
Tony Wade.. Andromeda.
Picturing High Streets.
Madhu Das.. Room to Breathe.
Ryoko Akama.. in.visible.
Catriona Robertson.. Gigantic Pile- Relics of the Future.
Sophie Jones.. A Tangled Thread.
20.'20 Print Exchange Touring Exhibition

THE CREATIVE ART HOUSE
{a Company limited by guarantee)
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Cat Scott: Inner Horizons
Kirstie Williams- Mills in Colour
Soft & Hard.. Beyond Recognition and Queer Coding. with Elena Hoskyns-Abrahall,
Emma Sheehy, Hongmin An, Jim Rampage, Leonie Cameron, Net Warner. Sean
Synnuck, Sojung Park. Yuqing Lin, Candice Dehnavi, Maya Erin Masuda, Theresa
Weber, Rose Arbuthnott and Whiskey Chow.
We also staged a further 4 off-site exhibitions and projects:
INTROISPECTIVE, an exhibition of work by students studying their BA (Hons)
Photography degree at Leeds Arts University,
The Body and NO Body: Erika Pearse and Hollie Wilson
Bex Blayney | Alegria Repila Smith.. doublethink
Sophie Amelia.. Authentic Expression
We were proud to have supported 87 artists in total through solo or group exhibition
programming, and through residencies and Sos bursary residencies. In total we hosted 18
artists through 12 residencies throughout the year..
Charan Singh
OTHER- group of five UK based internationally active disabled, neurodivergent,
Queer intergenerational artist
Christopher Hanson
Ryoko Akama
Two Destination Language (Katherina Radeva and Alister Lownie)
Nadia Sokolenko
Babeworld - a collective of 4 artists including Ashleigh Williams and Ingrid Banerjee
Marvin
Sarah Van Marcke
Kim Karabo Makin
Asta
Three Sos Residencies
Buslness Developments
Well Placed Programme In 2023124, our Makey Wakey initiative at The Ridings Shopping
Centre concluded due to the centre's commercial sale. During this transition, we provided
dedicated support to space users and facilitated their move to alternative locations, with
assistance from Historic England. Salford Loading at Quayside Mediacity continued to
flourish, maintaining 12 artist-managed spaces and driving engagement within the local
creative sector. Looking ahead, we plan to expand this successful model to other cities,
targeting the establishment of 10 new spaces over the next three years to broaden our
community impact.
Maker Spaces Our Print. Ceramics, and Darkroom facilities have remained pivotal,
contributing to both earned income and community enrichment. These maker spa￿s,
staffed by local professional artists, not only facilitate workshops and courses but also offer
mentorship and guidance to visiting artists and members, enabling skill-building and creative
exploration. Community workshops have continued to integrate art into everyday life, further
deepening our local impact.

THE CREATIVE ART HOUSE
(a Company limited by guarantee
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Governance Improvements The Art House new Trustees have led a governance
transformation following a review by Arts Council England consultants. This review led to the
implementation of a comprehensive action plan. reinforcing the new board's stability and
enhancing governance practices. The result is a board of eight dedicated Trustees with
diverse expertise, offering exceptional guidance and support to the staff.
Going Concern
In a challenging economic landscape, maintaining financial stability is crucial. The Trustees
are confident in The Art House's going concern status, bolstered by a comprehensive
Business Plan that extends through 2027. This plan outlines clear strategic goals,
milestones, and contingencies to mitigate potential financial risks and ensure continued
resilience. Our forward-looking approach is built on robust cash flow forecasting, which
incorporates realistic, evidence-based assumptions. Current projections indicate a positive
financial trajectory, supported by prudent management practices and a commitment to
diversifying income strearns.
We have also received invaluable backing from Arts Council England, alongside other
funding partners and private pledges, which have played a pivotal role in stabilising our
financial position. The Trustees remain proactive in pursuing new partnerships and funding
opportunities, seeking collaborations with organisations that align with our vision for
community impact and artistic growth. The Trustees are committed to closely monitoring
financial performance, regularly reviewing income generation strategies, and implementing
effective cost management to safeguard the charity's future.
The adoption of a rigorous risk management plan further reinforces our going con￿rn
status. This plan includes regular assessment of operational and financial risks. ensuring
that appropriate controls are in place to address potential challenges swiftly. Our
collaboration with external accountancy professionals provides an additional layer of
assurance, subjecting our financial plans to thorough scrutiny and expert validation.
Based on the strong foundations established and the proactive measures in place, the
Trustees have determined that it is appropriate to prepare the financial statements on a
going concern basis. This careful approach underscores our commitment to the
sustainability and growth of The Art House, enabling us to continue serving our artists and
communty with confidence.
Structure, Governance, and Management
a. Constitution The Art House is a charitable company limited by guarantee, founded in
April 1997 and governed by its Articles of Association (Charity no. 1063671)-
b. Trustee Appointment Trustees are appointed for three-year terms through a structured
interview process, ensuring alignment with the charity's strategic goals and values. This
method maintains a balanced board with the necessary expertise.
c. Decision-making Structure The Board of Trustees sets and reviews the charity's
strategic direction and policies, delegating the day-to-day management to senior staff.

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Regular meetings ensure that the board remains actively involved in oversight. Currently, the
board meets monthly to maintain strong governan￿.
d. Induction and Training New Trustees are invited to observe board meetings before
formal induction. They receive comprehensive information packs detailing the charity's
policies, procedures, and strategic objectives. Ongoing training opportunities are provided to
ensure Trustees are well-equipped to fulfil their roles effectively.
Senlor Stsff Pay Pollcy The Board oversees and approves policies related to
remuneration, benchmarking salaries against local market data and using external
consultants as needed. This ensures we attract and retain highly skilled individuals who
share our commitment to the charity's mission.
f. Risk Management The Trustees and executive team actively manage financial and
operational risks through a robust risk register and ongoing review processes.
Key risks include funding continuity and building rnaintenance, both managed through
strategic action plans. We are very pleased to have secured re-entry into the Arts Council's
NPO, providing stability through 2026. Maintenance costs are monitored through a
prioritisation plan
Funding
The Art House employs a robust, mixed-economy funding model to support its operations,
encompassing Earned Income, Charitable Incorne, and Statutory Income. This diversified
approach is designed to ensure sustainability and foster growth.
Earned Income
Earned Income is generated through primary channels..
1. Misslon-Related Trading.. This includes revenue from the provision of creative
facilities and activities, such as our Maker Spaces. These spaces not only contribute
to income through memberships, classes, and courses but also play a key role in
community engagement, supporting charitable activities like workshops for mothers
in our Maternal Journal Programme. This dual-purpose structure enables the Maker
Spaces to be funded through a combination of commercial income, grants, and
public service contiacts.
2. Commercial Trading.. This stream is cornposed of the Coffee House, Shop, Catering
Services, and Room and Event Space Hire. While these components are revenue-
generating, their success is interconnected. For instance, the Coffee House staff
support room hire services and provide front-of-house and administrative assistance
three days a week. ensuring a welcoming environment for all visitors.
Charitable Income
Charitable Income is a vital component of our funding, encompassing donations and grants
from trusts. foundations, individual donors, and corporate contributions. The Art House
actively seeks out philanthropic support to fund various programmes and initiatives, ensuring
that our mission extends beyond earned revenue alone. This income stream is critical for
community-focused projects and activities that align with our charitable objectives.

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
statutory Income
Statutory Income includes funding received from government bodies, with Arts Council
England being our principal supporter.
Integrated Approach to Funding
The Art House's funding model ensures that each income stream is leveraged to support
and complement the others. For example, while the Maker Spaces generate earned income
through memberships and workshops, they also qualify for charitable grants and public
contracts that support community-focused activities. Similarly, while the Coffee House and
room hire services are commercial enterprises, they contribute to the overall visitor
experience and operational capacity, making them integral to our earned income strategy.
Prlncipal Funding Sources
Our principal sources of funding include:
Core Fundlng.. Arts Council England. Earned Income.
Project Funding: Contributions from Paul Hamlyn Foundation, Wakefield Council,
Historic England, NHS Leeds Hospital Charity, NOVA, and various trusts and
foundations.
Fundraising Disclosure The Art House is committed to adhering to the highest standards in
fundraising. We follow the Code of Fundraising Practice and are in the process of registering
with the Fundraising Regulator. All fundraisers representing The Art House are expected to
uphold these standards and are members of the Chartered Institute of Fundraising. Over the
next year, we will formalise an Ethical Fundraising Policy, overseen by the Trustees, to
reinforce our values.
Our fundraising activities include events, appeals for donations, and outreach to secure gifts,
with a firm commitment to privacy and data protection. We will never sell or share donor data
without consent or legitimate reason. Any complaints are handled constructively and
transparently, ensuring a complete response. No complaints were received during the past
year.
Our Safeguarding Policy is robust and ensures that individuals can easily opt out of receiving
fundraising communications.

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Statement of Trustees. Responsibilities The Trustees (also serving as directors for
company law purposes) are responsible for preparing this report and the financial
statements in accordance with the applicable laws and UK Accounting Standards (UK
GAAP). Trustees must ensure that financial statements provide a true and fair view of the
charity's financial position and resource application.
In preparing the financial statements, Trustees are required to..
Select suitable accounting policies and apply them consistently.
ObseNe the methods and principles of the Charities SORP (FRS 102).
Make judgments and estimates that are reasonable and prudent.
State compliance with UK Accounting Standards (FRS 102) and disclose any
material departures.
Prepare financial statements on a going concern basis unless deemed inappropriate.
Trustees are also responsible for maintaining accurate records that disclose the financial
position of the charity and ensure compliance with the Companies Act 2011 and related
regulations. Safeguarding the charity's assets and preventing fraud or irregularities are also
part of their duties.
Disclosure of Informatlon to Auditors Each Trustee confirms that, to the best of their
knowledge, there is no relevant audit information that the charity's auditor is unaware of, and
they have taken all necessary steps to ensure that any relevant information is
communicated.
This report has been prepared in line with the small companies exemption provisions.
Approved by order of the Board of Trustees and signed on their behalf by:
f)M4Mrt
Emma Adalr
Co-chair of Trustees
Date..
1711212024 | 09.'50 GMT
Andrew Balchin
Co-chair of Trustees
Date:
1711212024109.'38 GMT
10

THE CREATIVE ART HOUSE
(a company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CREATIVE ART
HOUSE
Opinion
We have audited the financial statements of The Creative Art House (the 'charitable company,)
for the year ended 31 March 2024 which comprise the Statement of Financial Activities, Balance
sheet, Statement of Cash Flows and notes to the financial statements, including a summary of
significant accounting policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements-
give a true and fair view of the state of the charitable cornpany's affairs as at 31 March 2024
and of its incoming resources and application of resources, including its income and
expenditure, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice, and
have been prepared in accordance with the requirements of the Companies Act 2006
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 relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, 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 entity'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 respor)sibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
other information
The other information comprises the information included in the annual report other than the
financial statements and our auditor's report thereon. The trustees are responsible for the other
information contained within the annual report, Our opinion on the financial statements does not
cover the other information and. except to the extent otherwise explicitly stated in our report, we
do not express any form of assurance conclusion thereon.
li

THE CREATIVE ART HOUSE
{a company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CREATIVE ART
HOUSE (CONTINUED)
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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.
Matters on which we are required to report by exception
In the light of the 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 trustees,
report.
We have nothing to report in respect of the following rnatters in relation to which the Companies
Act 2006 requires us to report to you rf. in our opinion..
adequate accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of trustees. remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement set out on page 10 the trustees
(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 control as the trustees 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 trustees 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 trustees either intend
to liquidate the charitable company or to cease operations, or have no realistic alternative but to
do so.
Auditor's responslbilitles 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.
12

THE CREATIVE ART HOUSE
(a company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CREATIVE ART
HOUSE (CONTINUED)
The extent to which our procedures are capable of detecting irregularities. including fraud is
detailed below-
the results of our enquiries of management and those charged with govemance of their
assessment of the risks of fraud and irregularities.,
the nature of the charity including its management structure and control systems (including
the opportunity for management to override such controls).,
management's incentives and opportunities for fraudulent manipulation of the financial
statements and
the environment in which it operates.
We also considered UK tax and pension legislation and laws and regulations relating to
employment and the preparation and presentation of the financial statements such as the
Companies Act 2006 and the Charities Act 2011.
Based on this understanding we identified the following matters as being of significance to the
entity..
laws and regulations considered lo have a direct effect on the financial statements including
UK financial reporting standards, Company Law and Charity Law;
the timing of the recognition of income.,
the split of income and expenditure between funds:
the requirement to impair tangible fixed assets and the amount of any such impaiment.,
the charity's ability to continue as a going concern
the correct classification of expenditure.,
management bias in selecting accounting policies and determining estimates.
We communicated the outcomes of these discussions and enquiries, as well as consideration as
to where and how fraud may occur in the entity, to all engagement team members.
Audit procedures undertaken in response to the potential risks relating to irregularities (which
include fraud and non-compliance with laws and regulations) comprised-
enquiries of management and those charged with governance as to whether the entity
complies with such laws and regulations and enquiries with the same concerning any actual
or potential litigation or claims,.
inspection of relevant legal correspondence.,
obtaining an understanding of the policies and controls over the recognition of income and
testing their implementation during the year.
reviewing terms of grants and donations received in the year.,
challenging assumptions made by management in their specific accounting policies and
estimates, in particular in relation to impairment of tangible fixed assets;
assessing the performance of the entity in the period since the balan￿ sheet date and
challenging assumptions made by management.,
performing analytical procedures to identify any unusual or unexpected relationships or
unexpected movements in account balances which may be indicative of fraud or error.,
identifying and testing journal entries, in particular any journal entries posted with unusual
account combinations or crediting revenue or cash:
reviewing the minutes of Board meetings,.
evaluating the underlying business reasons for any unusual transactions.
13

THE CREATIVE ART HOUSE
(a company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CREATIVEART
HOUSE (CONTINUED)
No instances of material non-compliance were identified. However, the likelihood of detecting
irregularities. including fraud. is limited by the inherent difficulty in detecting irregularities, the
effectiveness of the entity's controls, and the nature. timing and extent of the audit procedures
performed. Irregularities that result from fraud might be inherently more difficult to detect than
irregularities that result from error. As explained above, there is an unavoidable risk that material
misstatemerlts may not be detected, even though the audit has been planned and performed in
accordance with ISAS (UK).
A further description of our responsibilities for the audit of the financial statements is located on
the Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This
description forms part of our Auditors, report.
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with
Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been
undertaken so that we might state to the charitable company's trustees 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 trustees as a body, for our audit work, for this report, or
for the opinions we have formed.
Nick Weller FCCA, Senior Statutory Auditor
Sumer Auditco Ltd
Chartered Accountants & Statutory Auditors
14th Floor, 33 Cavendish Square,
London
W1G OPW
1711212024 | 09..50 GMT
Sumer Auditco Limited is eligible for appointment as auditor of the charity by virtue of its eligibility
for appointment as auditor of a company under section 1212 of the Companies Act 2006.
14

THE CREATIVE ART HOUSE
la Company Ilmited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
Funds
2024
Restricted
Funds Total Funds
2024
2024
As restated
Total Funds
2023
Note
Income from:
Donations and legacies
408,451
92.175
500,626
458,148
Charitable activities
102,885
102,885
99,680
Other trading activities
186,935
6,928
193,863
261,766
Investments
639
639
247
Total Income
8,910
99,103
798,013
817,841
Expendlture:
Cost of raising funds
8,865
3.800
12,665
39,971
Expenditure on charitable activities
735,249
241,364
976,613
1,108,295
Total expendlture
744,114
245,164
989,278
1,148,266
Net lexpendlture) I Income
145,204)
1146,0611
(191,265)
1330,425)
Transfers between funds
23,345
(23,345)
Net movement in funds
21,859
{169,406)
191,265
330,425)
Reconclllation of funds..
Total funds brought fO￿ard
14,301
3.231,562
3,245,863
3,576,288
Total funds carried forward
16
{7,5581
3,062.156
3,054,598
3,245,863
The statement of financial activities includes all gains and losses recognised in the year. All income and
expenditure derive from continuing activities.
The notes on pages 18 to 35 form part of these financial statements
15

THE CREATIVE ART HOUSE
(a Company limited by guarantee
COMPANY NUMBER: 03345162
BALANCE SHEET AS AT 31 MARCH 2024
As restated
2023
2024
Note
Fixed Assets
Intangible assets
Tangible assets
12
3,076,462
3,076,462
3,226,902
3,226,902
Current assets
Debtors
Cash at bank and in hand
14
84.318
57.654
81,877
34,447
141,972
116,324
Liabilltles
Creditors.. amounts falling due
within one year
{163,836)
(97,363>
Net current assets
121,8641
18,961
Total net assets
3,054.598
3,245,863
The funds of the charity."
Restrlcted funds
16
3,062,156
3,231,562
Unrestricted funds
16
(7,558)
14,301
Total funds
3,054,598
3,245,863
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small company's regime.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respecl to accounting records and th8 preparation of financial statements.
Approved by the trustees on
and signed and authorlsed for issue on their behalf by..
1711V2024109.'50 GMT
E Adair
Chair of Trustees
The notes on pages 18 to 35 form part of these financial statements
16

THE CREATIVE ART HOUSE
(a Company1Smited by guarantee)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024
As restated
2023
2024
Note
Cash flows from operatlng actlvltles:
Net cash provided byl(used in) operating activities
18
22,568
4,943
Cash flows from investing activities:
Bank interest
Purchase of tangible fixed assets
639
247
Net cash used In Investlng actlvltles
639
247
Change In cash and cash equivalents In the reportlng perlod
23,207
5,190
Cash and cash equivalents at the beginning of the period
34,447
29,257
Cash and cash equlvalenls at the end of the reporting perlod
19
57,654
34,447
The notes on pages 18 to 35 form part of these financial statements
17

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
General information
The Charity is a company limited by guarantee and was incorporated in the United Kingdom. In the
event of the charity being wounrj up, the liability in respect of the guarantee is limited to £1 per member
of the charity. The number of members in 2024 were 2412023.. 241. The registered office 15 Drury Lane,
Wakefield, West Yorkshire, WF12TE. The registered company number is 03345162 and the
registered charity number is 1063671.
1.1 Basis of preparatlon
The financial statements hav& been prepared in accordance with 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 issued
in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland {FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted
Accounting Practice.
The Creative Art House meets the definilion of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy. The financial statements are prepared under the historical cost convention
in £ slerling, which is the functional currency of the charity, and rounded to the nearest £1.
1.2 Golng concèrn
In a challenging economic landscape, mainlalning financial stability is crucial. The Trustees are
confident in The Art House's going concern status, bolstered by a comprehensive Business Plan that
extends through 2027. This plan outlines clear strategic goals, milestones, and contingencies to
mitigate potential financial risks and ensure continued resilience. Our fO￿ard-loOkIng approach is built
We have also received invaluable backing from Arts Council England, alongslde other lunding partners
and private pledges, which have played a pivotal role in stabilislng our financial position, The Trustees
remain proactive in pursuing new partnerships and funding opportunities, seeking collaborations wilh
organisations that align with our vision for community impact and artistic growth. The Trustees are
committed lo closely monitoring financial performance, regularly reviewing income generation
strategies, and implementing effective cost management to safeguard Ihe charity's future.
The adoption of a rigorous risk management plan further ￿InfOrceS our going concem status. This plan
includes regular assessment of operalional and financial risks, ensuring that appropriate controls are in
place to address potential challenges swiftly. Our collaboration wilh external accountancy professionals
provides an addition81 layer of assurance, subjecting our financial plans to thorough scrutiny and expert
validation.
Based on the strong foundations established and the proactive measures in place. the Trustees have
determined that it is appropriate to prepare the financial statements on a going concem basis. This
careful approach undersGores our commitment to the sustainability and growth of The Art House,
enabling us to continue serving our artists and community with confidence.
18

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
Accountlng pollcSes (contlnuedl
1.3 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the noles to the financial statements.
Restricted funds are funds which are to be used in accordan￿ with specific restrictions imposed by
donors or which have been raised by the charity for particular purposes The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is sel out in the notes lo the financial statements.
1.4 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income
will be received and Ihe amount of income receivable can be measured reliably.
Income tax recoverable in relatlon to donations received under Glft Aid or deeds of covenant is
recognised at the time of the donation.
Income lax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been
provided or on completion of the Se￿iCe.
1.5 Expendltura
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and the
amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of
each activity are made up of the total of direct costs and shared costs, including support costs involved
in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that
activity. Shared costs which contribute to more than one activity and support costs which are not
attributable to a single activity are apportioned between those activities on a basis consistent with the
Use of resources. Central staff costs are allocated on the basis of time spent, and depreciation Charges
allocated on the portion of the asset's use.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity
and include project management carried out at headquarters.
Costs of raising funds are costs incurred in attracting voluntary income, and those incurred in trading
activities that raise funds.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
charity's objective5, as well as any associated support costs.
19

THE CREATIVE ART HOUSE
(a Company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
Accounting policies (continued)
1.6 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably
by the charity. this is normally upon notification of the interest paid or payable by the institution with
whom the funds are deposited.
1.7 Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finan￿ Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 ofthe Corporation Tax Act 2010 or Section
256 of the Taxalion of Chargeable Gains Act 1992, to the extent that such income or gains are applied
exclusively to charitable purposes.
1.8 Intangible assets and amortisatlon
Intangible assets costing £500 or more are capitalised and recognised when future economic benefits
are probable and the cost or value of the asset can be measured reliably.
Intangible assets are initially recognised at cost. After fecognition, under the cost model, intangible
assets are measured at cost less any accumulated amortisation and any accumulated impairment
losses.
Amortisation is provided on the following basis..
Website
33% slraight-line
1.9 Tanglble flxed assets and depreciation
Tangible fixed assets costing £500 or more are capilalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at C05t. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed assel into its intended working Condilion should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over
their estimated useful lives.
Depreciation is provided on the following bases:
Long-term leasehold property
Short-lerm leasehold property
Fixtures and fittings
Office equipment
Computer equipment
Art work pieces
over the length of the lease
over Ihe length of the lease
150/0 per annum straight line
150h per annum straight line
over 3 years straight line
150h per annum straight line
Leasehold land is not depreciated.
In the year of acquisition computer, office equipment, fixtures and fittings are depreciated from the start
of the year.
20

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
1 Accounting policies (continued)
1.10 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.11 Cash at bank and In hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar aGcounl.
1.12 Liabilities and provislons
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of
the settlement can be estimated reliably.
Liabilities are recognised al the amount that the charity anticipates il will pay lo settle the debt or the
amount it has received as advanced payments for the goods or services It must provide.
Provisions are measured at the best estimate ofthe amounts required to settle the obligation. Where
the effect of the lime value of money is material, the provision is based on the presenl value of those
amounts, discounted at the pre lax discount rate that reflecls the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
1.13 Flnanclal Instruments
The charity only has financlal assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al transaction value and subsequently
measured al their seltlemenl value with the exception of bank loans which are subsequently measured
al amortised cost using the effective interest method.
1.14 Operating leases
Rentals paid under operating leases are charged to the Stalement of financial activities on a straight
line basis over the lease term.
1.15 Pensions
The charity operates a defined contribution pension scheme and the pension charge represent5 the
amounts payable by the charity to the fund in respect of the year.
1.16 Employee beneflts
The costs of short term employee benefits are recognised as an expense. The cost of any unused
holiday entitlement is recognised in the period in which the employee's services are received.
1.17 Critical accountlng estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumptions..
The charity makes estimates and assumptions concerning the future. The resulting accounting
estimates and assumptions will, by definition, seldom equal the related actual results. The are no
estimates and assumptions that have a significant risk of causing a malerial adjustment to the carrying
amounts of assets and liabilities within the next financial year.
21

THE CREATIVE ART HOUSE
la Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
2 Income from donation, grants and legacies
Unrestricted Restrlcted
2024
2024
Total
2024
Donations
Donations including gift aid
1,965
1,965
Grants
Arts Council England - Core Granl
Arts Council England - Culture Recovery and Capital
Wakefield Council Grant
Paul Hamlyn Grant
Other granls
Membership fees
221,833
1,250
85,000
40,000
58,563
40
221,633
1,250
85,000
40,000
150,738
40
92,175
Total
408.451
92.175
500,626
Income from donatlon, grants and legacles {prlor yearl
Unrestricted Restricted
2023
2023
Total
2023
Donatlons
Donations including gift aid
208
208
Grants
Arts Council England - Core Granl
Arts Council England - Culture Recovery and Capital
Wakefield Council Grant
Paul Hamlyn Grant
Other grants
Membership fees
251,633
5,000
so,000
40,000
32,088
2,167
251,633
5,000
50,000
40,000
107,140
2.167
75,052
Total
381,096
75,052
456,148
22

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 20241continued)
3 Income from charitable activities
Unrestricted Unrestricted
Funds
Funds
2024
2023
Provision of art facilities
102,885
99,680
2024
2023
Provision of art facilities
Studio rental
48,530
7.248
1.444
3.027
19.920
3,727
18.989
102,885
50,428
6,984
1,510
Studio service charge
Studio virtual
Studio other
Print room
20,881
6,824
13,053
99,680
Dark room
Ceramic Studio
4 Incorne from other trading actlvitles
Unrestricted
2024
Restrlcted
2024
Total
2024
Room hire and flat
25,100
110,881
1,767
4,289
12,981
25,217
320
25,420
110,681
Off-site management
Contracts for services
3.293
2.637
5,060
6,926
12,981
25,895
6,900
193,863
Other income
Other public courses
Coffee House
678
Shop income
6,900
186,935
6,928
Income from other tradlng actlvltles (prlor year)
Unrestricted
2023
Total
2023
Room hire and flat
25,119
25,119
Off-site management
Contracts for services
132,184
132,184
42,362
42,362
Other income
17,281
17,281
Coffee House
34,885
9.935
261,766
34,885
9,935
261,766
Shop income
23

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
5 Investment income
Unrestricted Unrestricted
2024
2023
Bank interest
639
247
24

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
6 Ralsing funds
As restated
Total
Funds
2023
Total
Funds
2024
Fundraising
Marketing
10,127
2,538
12,665
38,080
1,891
39,971
During the year, total expenditure on raising funds was £12,665 (2023.. £39,971) of which unrestricted
expenditure amounted to £8.865 (2023.. £31,497) and restricted expenditure amounted to £3,800 (2023..
8,474).
7 Expendlture on charltable actlvitles
As restated
Total
2023
Summary by fund type
Total
2024
Provision of art facilities
976,613
1,108,295
During the year, total expenditure on charitable activities was £976.613 (2023.. £1,108,295) of which
unrestricted expenditure amounted to £735,24912023.' £856,959) and restricted expenditure amounted
to £241,364 (2023= 251,336).
8 Analysis of expendlture by actlvitles
As restated
Total
2023
Dlrect costs Support costs
2024
2024
Total
2024
Provision of art facilities
785,801
190,812
976,613
1,108,295
Total 2023 (as restaled)
878,316
229,979
1,108,295
25

THE CREATIVE ART HOUSE
(a Company limited by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
8 Analysis of expenditure by actlvltSes Icontlned)
Analysis of direct costs
As restated
Total
Funds
2023
Total
Funds
2024
Staff costs
330,393
804
363,715
1,801
154,062
29,834
183,464
20,546
2.690
105,180
17,024
878,316
Other staff costs
Depreciation
Artistic programme costs
Other project costs
Coffee House costs
Shop costs
Premises costs
150,440
33,135
160,567
15,048
2,634
69,935
22,845
785,801
Marketing
Analysis of support costs
As restated
Total
Funds
2023
Total
Funds
2024
Staff costs
87,291
38,392
46,657
18,472
190,812
104,901
43,120
45,211
36,747
229,979
Office costs
Professional fees
Governance cos15
9 Audltors remuneratlon
2024
2023
Fees payable to the charity'5 auditor for the audit of the charity's annual
accounts
12,500
15,000
10 Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
394,427
16.572
6,685
417,684
436,586
23,690
8,340
468,616
26

THE CREATIVE ART HOUSE
(a Company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (continuedl
10 Staff costs
The average number of persons employed by the charity during the year was as follows..
2024
No.
2023
No.
Employees
24
28
No employee received remuneration amounting to more than £60,000 in 2024 (2023.. none).
Key management consist of the CEO and Artistic, Programme, Admin and Finance Directors. The total
remuneratlon including employer's Nl and pension altribulable lo the senior management team for the
year was £114,65312023.' £144,088).
11 Trustees. remuneration and expenses
During the year, no Truslees received any remuneration or other benefits (2023.. £nil).
During the year, no Trustee expenses have been incurred (2023: £nil).
27

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
12 Intangible assets
Website
Cost
At 1 April 2023
At 31 March 2024
9,503
9,503
Amortisation
At 1 April 2023
At 31 March 2024
9,503
9,503
Net book value
At 31 March 2024
At 31 March 2023
13 Tanglble flxed assets
Long-term Short-term Fixtures
Other
leasehold leasehold
and
Office Computer
fixed
property property fittings Equipment Equipment assets
Total
Cost or valuatlon
At 1 April 2023
(as restated)
2,554,816 2,346,768 210,989
At 31 March 2024 2,554,816 2,346,768 210,989
61,207
53,378 9,160
53,378 9,160
5.236,318
5,236,318
61,207
Depreclation
At 1 April 2023
(as reslated)
Charge for the year
22,253
At 31 March 2024 1,010.640
988,387
788,367 127,015
44,956
4,715
51,531 9,160
926
2,009,418
150,440
103.893
18,653
892,260 145.668
49.671
52,457 9,160
2,159,856
Net book value
At 31 March 2024
1,544,176 1,454.508
85,321
11.536
921
3.076,462
At 31 March 2023
1,566,429 1,558,401
83,974
16,251
1,847
3.226,902
28

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 Icontinued)
14 Debtors
2024
2023
Trade debtors
Prepayments and accrued income
52,789
31,529
26,235
55,642
84,318
81,877
15 Creditors: amounts falling due within one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
61,239
34,547
21,407
46,643
47,249
10,695
9,966
29,453
163,836
97,363
Deferred Income
2024
2023
Resources deferred during the year
20,964
20,964
Deferred income relates lo off-site rent, services charges and room hires received in advance.
29

THE CREATIVE ART HOUSE
la Company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
16 Funds summary
ststement of funds - current year
As restated
Balance at
1 April
2023 Income Expenditure
Balance at
31 March
2024
Transfers
inlout
Unrestricted funds
General funds
General fvnds
14,301 698,910
1744.114)
23,345
(7,558)
Total unrestricted funds
14,301 698,910
1744,114
23,345
7,558
Restricted funds
ACE Capital Funding {CapEx Grant)
Capital Project - Orury Lane
Capital Project . Carnegie Library
Library lease
Creative Minds Talk and Draw
Creative Minds Outside In
Leeds Hospital Charities (NHS)
Re-Emerge
Historic England
Nova Grant
Foyle Foundation
Big Give Fundraislng
Happy Healthy Holidays
Haribo Fund - Athalk
Nova Wakefield
Seaglass Uni
Skillshare
Wild Escape Project
Unllmited Grant
73,002
1,543,573
1,480,766
77,633
(12,7561
(18,8621
(98,7181
(5,1761
(1,0311
(2,8911
60,246
1,524,711
1,382,048
72,457
1,031
(109>
3,000
24,786
11,035
16,967
3,800
1,650
10,117
{27,608)
{21,152)
1165) (16,802)
(3,800)
1,172
1,750
12,449
4,987
49,390
8,852
198
2,930
3,780
1,750
(6,254)
(2.487)
(30.263)
(7,228)
(51
(2,9611
(3,8071
(6,195)
(2,500)
19,127
1,624
193
31
27
Total restrlcted
3,231.562
99.103
245.164
23,345
3,062,156
Total funds
,245,863 798,013
(989,278
3,054,598
30

THE CREATIVE ART HOUSE
la Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 20241continued)
16 Funds summary {continuedl
Statement of funds - prior year
As restated
Balance at
1 April
2022
As restated
As restated
Balance at
31 March
2023
Transfers
inlout
Unrestricted funds
Income Expenditure
General funds
General funds
145,444
742,789
{896,930)
22,998
14,301
Total unrestricted funds
145,444
742,789
896.930
22,998
14,301
Restricted funds
ACE Capital Funding {CapEx Grant)
Capital Project - Drury Lane
Capital Project- Carnegie Library
Library lease
Creative Minds BAME Project
Leeds Hospital Charities (NHS)
Re-Emerge
Hisloric England
Light up grant
Creative Minds Talk and Draw
Tourism Recovery Grant
Nova Grant
Foyle Foundation
Mayors Fund
SOS - UK Community Renewal Fund
Permindar Kaur- Arts Council
85,758
1,562,435
1,579,484
82,809
1,078
(12,7561
(18,8621
(98,7181
(5,1761
(1,078)
73,002
1,543,573
1,480,766
77,633
60,162
26,655
4.725
3,222
7,116
17,400
720
18,427
(36.0961
(21,980) (12,067)
14,725)
13,222)
24,786
11,035
(7,118)
{433)
{23,200)
(2,082)
(15,211)
(7,797)
16,967
3,800
27,000
5,897
15,211
7,797
(3,815)
Total restrlcted
3,430,844
75,052
251,336
22,998
3,231,562
Total funds
3,576,288
817,841
1,148,266
3,245,863
ACE Capital Funding {CapEx Grant)
To provide support in the maintenance and upkeep of The Art House Building and upgrading for re-
positioning and sustainability
Capital Projecl - Drury Lane
Funded by grants from the Arts Council Lottery and others towards the cost of developing a permanent
home for the charity. The fund balance represents the cost of initlal planning, leasehold land, professional
fees, construction and equipment in relation to The Art House Building, less depreciation charged.
Capital Project- Carnegie Library
Funded primarily by grants from the Arts Council Lottery towards the costs of developing the Carniegie
Library into an extension lo the Art House Building. The initial professional fees and project set up costs
ahead of the construction phase have been written off to revenue. £50.000 of the charity's reserves have
been put towards the project.
Library lease
This is a 25 year lease from Wakefield Metropolitan District Council for Lise of the Carnegie Library. The
lease was signed in January 2014 and depreciation has commenced from May 2015, on complelion of
the building.
31

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
16 Funds summary (continued)
Mayors Fund
Support for Afgani women and children
SOS - UK Community Renewal Fund
Grant lo address barriers people face to participale in employment by developing soft skills in vulnerable
adults in Wakefield
Creative Minds
Grant to support Arts and Health classes.
Creative Minds BAME Project
Funding for Afghan Families Project
Leeds Hospital Charities {NHS) Re-Emerge
Grants to fund Arts & Health activities to support post Covid mental health recovery
ACE Culture Recovery Fund
Grant to support the charity during covid relaled restrictions
Nova Grant
Mental heath and Early years support agreement
Tourism Recovery Grant
Covid Recovery Project
Creative Minds Talk and Draw
Interactive workshop for Asylum seekers, refug8es and the local community of all age groups
Light up grant
Grant to commission a light projection piece for the exterlor of the building for the Councils light up festival.
Grant used to support school workshops making lanterns & a lantern parade at Edgeland Arts
Historic England
Outreach to ownership- research funding to assess the impacl of our Makey Wakey (offsite studios) project
Permlndar Kaur- Arts Council
Funds received which are to be incorporated into Pemindar Kaur's residency.
Foyle Foundation
Development of'well Placed, off site project and exploring other sustainable income streams. Funded by
the Foyle Foundation.
Blg Give Fundraising
A public driven fundraiser to support Artwalk {a bi-monlhly creative event acfOSS the city) and contribute
towards the running costs of the project. Crowd funding managed by 'Big Give..
Happy Healthy Holidays
School holiday programme of free workshops, activities and healthy food for children and yoiing people.
Funded by the Government's Department for Education, managed via Wakefield Council.
Haribo Fund - Artwalk
Creative workshops for intergenerational local families and members of TAH'S Studio of Sanctuary (work
with refugees and asylum seekers) Funded by Haribo Community Foundation.
Nova Wakefield
Creative health work with perinatal women including art therapy and community group wo'rk. Funded by
NOVA Wakefield.
Seaglass Uni
6 week creative heath course co researched by participants and practitioners and project staff working
with adoptive parents. Funded by University of Sheffield via Seaglass Creative.
32

THE CREATIVE ART HOUSE
(a Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
16 Funds summary {¢ontinued)
Skillshare
A weekly session encouraging community cohesion between refugees and asylum seekers and the
settled community in Wakefield.
Wild Escape Project
Artfund project inspiring young people and children to engage with nature through work with local
museums and galleries. Delivered MarchlApril 2023. Funded by Artfund.
Unlimited Grant
Funding to support an artlst commission by Unlimited. Support delivered by The Art House Included
accommodation, delivery of workshops and support for artists to participate in the work.
Transfers
Transfers to unrestricted funds are made where the Conditions on the restricted funds have been fully met
17 Analysls of net assets between funds
Analysls of net assets between funds - current year
Total
funds
2024
Unrestricted Restricted
funds
funds
Tangible fix8d assets
Curfenl assets
Creditors falling due in less than one year
37,000
119,278
(163,836)
3.039,462 3,076,462
22,694
141,972
(163,836)
7,558
3,062,156 3,054,598
Analysls of net assets between funds - prlor year
As restated
Total
funds
2023
Unrestricted Restrlcted
funds
funds
Tangible fixed assets
Current assets
Creditors falling due in less than one year
51,928
59,736
(97.363)
3.174,974 3,226,902
56,588
116,324
(97,363)
14,301
3,231,562 3,245,863
18 Reconclllallon of net movement In funds to net cash flow from operatlng actlvltle8
As reststed
2023
2024
Net incomelexpenditure for the year (as per Statement of Financial Activlties)
Adjustments for..
Depreciation charges
Amortisation charges
Bank interest
Ilncrease)Idecrease in debtors
Increasel(decrease) in creditors
Net cash provided by/(used in) operating activities
(191,2651 (330,425)
150,440
154,062
(639)
{2,441)
66,473
22,568
(247)
215,570
134,017)
4,943
33

THE CREATIVE ART HOUSE
(a Company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
19 Analysls of cash and cash equivalenls
2024
2023
Cash in hand
57,654
34,447
57,654
34,447
20 Analysis of changes in net debt
At 1 April
2023 Cash flows
At 31 March
2024
Cash at bank and in hand
34,447
23,207
57,654
21 Penslon Commllments
The Charity operates one defined contribution pension scheme. The assets of the schemes are held
separately from those of the Charity in independently administered funds. The total pension cost charge
represents contributions payable by the Charity to the funds and amounted to £6,685 (2023.. £8,340).
Contributions totalling £7,967 {2023- £1,609) were payable to the scheme at the balance sheet date and
are included in creditors.
22 OperatSng leas? commitments
At 31 March 2024, the charity had commitments to make future minimum lease payments under non
cancellable operating leases as follows..
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
138
138
34

THE CREATIVE ART HOUSE
la Company1Smited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
23 Prior year adjustment
ACE Ca
ital Fund
During the year it came to the trustees attention that certain expenditure in relation to the ACE Capital
Fund had been incorrectly trealed as an expense in the statement of financial activities, rather than
being treated as a fixed asset on the balance sheet. This expenditure was also linked to a restricted
grant.
As a result of the above, during the year to 31 March 2022, £30,249 of expenditure has been reallocated
to fixed assets with a charge of £3,802 being made to deprecation. This has resulted in an increase in
total funds of £26,447 as at 31 March 2022. Furthermore, a reclassificalion of £104,669 has been made
between funds, increasing restricted funds and decreasing general funds to correctly reflect the nel
book value of the restricted fixed assets held under the ACE Capital fund.
During the year to 31 March 2023, an adjustment has then been made to charge £5,205 of depreciation
to the statement of financial activities, that being the depreciation on the expenditure not previously
capitalised under the ACE Capital Fund. This has resulted in a decrease in total funds of £5,205 as at
31 March 2023. Furthermore. a reclassification of £12.566 has been made between funds. decreasing
restricted funds and increasing general funds, this was to reallocale the depreciation previously charged
on the capital spend under the ACE Capital Fund, which was previously treated as unrestricted.
ssifi
During the year il also came to Ihe trustees attention that certain expenditure in the year to 31 March
2023 had been incorrectly classified as 'Raising funds, rather than 'expendilure on charitable activities,.
Therefore. £298,978 previously classified as 'Raising funds, as been transferred to 'expenditure on
charitable activities,. This reclassification does not effect the overall total funds balan￿.
De
recialion
During the year il also came to the trustees attention that £288,000 of the cost of the long temi
leasehold property was incorrectly not being deprecated. Therefore, an adjustment has been made to
increase accumulated deprecation by £49,455 as at 31 March 2022. The result being that funds
bought forward al 1 April 2022 have been decreased by £46,545.
During the year to 31 March 2023, an adjustment has then been made to charge £2,909 of depreciation
to the statement of financial activities.The result being a decrease in total funds of £2,909 as at 31
March 2023.
24 Related party transacllon8
During the period, S Thornbury. Chief Executive, was reimbursed expendilure tolalling £1,643 (2023..
£777) There were no amounts outstanding at the year end (2023.. £nil}.
During the period, Trustee, Adrian Brooks, made a donation to the charity of £45,000 (2023= £nill.
There were no other related party transactions Ihat took place in Ihe penod (2023.. £nil).
35