Boldsign Document ID.. 06ac51o34f69485f4le29l[0l16s411 Registered number: 03345162 Ch8rily number.. 1063671 THE CREATIVE ART HOUSE (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Boldslgn Docum•nt ID: 06ac510l69485f4fÈ24j91lo11654ll THE CREATIVE ART HOUSE (a Company limited by guarantee) CONTENTS Page Reference and Administrative Detatls of the Charity, its Trustees and Advisers Trustees. Report 2-10 Independent Auditor's Report on the Financial Statements statement of Financial Actlvlties 15 Balance Sheet 16 statement of Cash Flows 17 Notes to the Flnanclal Statoments 18-34
Boldsign Document ID: 06ac51034f69485fwafe24191f01165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees E Adair, Co-chair A Balchin (appointed 14 May 2024 and resigned 20 February 2025) A Brooks, Chair J Curran A Langley (appointed 14 May 2024) J Peel (appointed 17 April 2024) P Pickersgill (appointed 14 May 2024) S Roads (appointed 11 October 2024) A Asres (resigned 14 May 2024) Chief Executive S Thornbury (resigned 26 November 20241 Co-Executfve Directors L Juniper (appointed 26 November 2024) D Jackson-waldock (appointed 26 November 2024) Company registered number 03345162 Charlty reglstered number 1063671 Registered office The Art House Drury Lane Wakefield WF12TE Independent auditors Sumer Auditco Ltd Chartered Accountants & Statutory Auditors 14th Floor. 33 Cavendish Square London WIG OPW Bankers UnityTrust Bank pk 4 Brindley Place Birmingham B12HB Solicitors Hempsons The Exchange Station Parade Harrogate HG11DY
Brildslgn Document ID: 06a¢51034lf69485fvafe24191f01165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 We, the Trustees, are proud to present our annual report alongside the audited financial staternents for the year from 1 April 2024 to 31 March 2025. 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 refiects the commitment, innovation, and passion that drive The Art House's work and contributions to the community. The financial statements comply with the accounts'ng policies detailed in the notes to the accounts, aligning with the charity's goveming 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 Objectlves At The Art House, our mission is to create an inclusive and accessible environment where everyone has the space, tools and support to express themselves through art, to grow and learn together, The Art House is a people-first organisation that provides space, support and opportunities for artists and communities. We champion inclusivity, accessibility and bold, socially engaged practices across all of our projects. We support artists to develop their practice. reach new audiences, and build meaningful networks by: Providing accessible creative workspaces that nurture creativity and inclusivity. Offering artist residencies, exhibitions, professional development opportunities, and tailored guidance. Promoting equality and diversity across the visual arts to champion opportunities for all artists. The Art House centres those who have historically been excluded from the arts, including disabled people, people seeking sanctuary. and those from marginalised backgrounds, and we evolve continually in response to changing social needs. The Art House is a place where people can feel safe, celebrated. and inspired, to learn something new, to share their culture and to explore their own creativity.
Boldsign Docufflènt ID.. 06ac510>d169485f4fe24J9if01q65471 THE CREATIVE ART HOUSE (a Company limited by guarantee) TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 b. Activities to Achieve Objectives The Art House offers residencies, exhibitions, professional development and studio spaces alongside welcoming public programmes and communal making facilities. The Art House provides 45 artist studios, three fully equipped maker spaces (including print, ceramics. and darkroom facilities). versatile gallery and event spaces, meeting rooms, accessible residency accommodation, a coffee house, a shop, and an outdoor terrace. Our artistic programme fosters creative growth and public engagement through: Artist residencies A year-round programme of exhibitions Mentoring, peer support, and artist-led practice-sharing A dynamic calendar of workshops, and events connecting artists and audiences Our social engagement programmes demonstrate our wider community impact through: The Studlo of Sanctuary, providing invaluable support for asylum-seeking and refugee artists. Arts and Health initiatives that promote well-being through creativity. Public workshops and communlty festivals that encourage active participation in the arts. The Well Placed programme, providing free interim-use spaces for local artlsts and community organisations. Various educational projects for children and young people, including our partnership with Lawefield Primary School. In all of our activities, the Trustees have carefully considered the Charity Commission's public benefit guidance to ensure that The Art House continues to deliver the highest standards of artistic, social, and community value. Achievements and Performance . Key Performanc6 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 Incorne: Primarily secured through Arts Council England (NPO funding) and supplemented by grants from statutory bodies, trusts, foundations, and individual donors.
Boldsign Document ID: 06ac51034Jf69485f•af92491101165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 b. Review of Activities ArtistÉc Programme In 2024125, The Art House presented a dynamic season of exhibitions and projects, marking our 30th anniversary and aligning with Wakefield's "Our Yearf campaign, Our aim was to continue supporting emerging and mid-career artists, to provide first UK solo presentations, to engage with under-represented voices, and to draw on the city of Wakefield and its heritage as inspiration. Over the year we supported a wide range of artists through solo and group exhibitions. residencies, and bursary opportunities. Engaging the Wakefield community through programming that draws from local heritage, global connections and inclusive practice. A major focus was on two very special photographic projects by internationally renowned artist Sunil Gupta (his first Yorkshire exhibition) and artist Charan Singh, whose first UK solo exhibition °Minor Figures: An Historical Exploration. was premiered. Another highlight in our galleries celebrated thefirst solo exhibition by artist Saroj Patel, whose practice explores her contrasting, and sometimes conflicting identities as a British Indian woman. In Winter, we hosted a very special immersive project by artist Zarah Hussain.. Paradise Carpet,, which invited visitors to step onto a moving 'carpet' of light and participate via colour, sound and community workshops, blending tradition, technology and cross-cultural connection. Projects supporting local talent and Studio Holders induded Kirstie Williams Mi115 in Colour, which explored Wakefield's textile-mill heritage as its subjecl and Stephen Gouldin's 'Last Breaths., exploring landscape reclamation in former coal-mining areas and launching a book alongside new works. We also hosted the first major exhibitions by Wakefield-based artists: Bijan Amini-Alavijeh, presenting some of the artist's most ambitious sculptures to date, delivering a meditative space of light. shadow and slow viewing, and the exhibition 'lNTERNAL' by Andy Singleton which offered a timely reflection on our inner networks and human body-systems, with intricate paper sculptures suspended in the gallery space, inviting contemplative engagement with our internal environment. Accessibility and inclusion remained key". The gallery maintained its commitment to providing platforrns for disabled or marginalised artists, including the Disabled Photographers. Society exhibition, and an ambitious sensory-installation commission by the collective Babeworld, whose members are disabled and neurodivergent artists. explored how neurodivergent people experience creative spaces as artists, participants and audiences. 'Nature.' Sensory, featured work by disabled artists and those living with long-term health conditions, challenging conventional landscape perceptions. This year we also continued our partnership with The Royal Society of Sculptors, presenting the 'Gilbert Bayes Award, exhibition. In total, across the period we held 14 on-site exhibitions, with a visitor engagernent of approximately 25,000 visitors.
BoldSIBn Document ID= 06ac51034lf69485f4fe24191fO1165471 THE CREATIVE ART HOUSE {a Company limited by guarantee) TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 On-site Exhibitions include: Bijan Amini-Alavijeh: A Glimmer Andy Singleton: INTERNAL Saroj Patel: Interwoven Kirstie Williams: Mills in Colour Stephen Gouldin.. Last Breaths Sunil Gupta: Lovers: Ten Years On Sunil Gupta and Charan Singh: Lovers, Revisited Charan Singh: The Promise of Beauty Babeworld: No Sleep Just Clouds The Royal Society of Sculptors:Gilbert Bayes Award 2024 Nature: Sensory Seaglass Collective: Our Tum Zarah Hussain.. Paradise Carpet Makers Wonderland: Seanna Doonan. Hannah Way, Dave Royston, Amelia Frances Wood, Sophie Amelia We were proud to support 45 artists thls year through our exhibition programme, residencies, ané Sos bursary residencies. Throughout the year, we hosted 10 residencies (seven standard and three bursarylsos) providing time, space, and support for 12 artists to develop their work. These included.. Two Destination Language & Nadia Sokolenko Christopher Samuel Emma Bentley Fox Lily Lavorato Ronald Muchatuta Lilah Benetti Jakob Rowlinson Plus three bursarylsos residency artists Well Placed Programme In 2024125, The Art House expanded its Well Placed programme to further support artists and communities across West Yorkshire. Building on previous successes, we took on six new spaces in Dewsbury to provide creative opportunities and community engagement for artists and residents in Kirklees. In Wakefiold, we reintroduced creative spaces at The Ridings Shopping Centre, revitalising our presence in the city centre and continuing to champion accessible, artist-led activity within the local community. Meanwhile, Salford Loading at Mediacity continued to thrive, sustaining 12 artist-managed spaces and strengthening connections within the regional creative sector. Looking ahead. we remain committed to growing this model across the North, with a goal to establish 10 additional spaces over the next three years, further extending the programme's social and artistic impact.
BDldSign Document ID= 06ac51034f69485f4fe24191f01165471 THE CREATIVE ART HOUSE (a Company limited by guarantee> TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Maker Spaces In 2024125, our Print, Ceramic, and Darkroom facilities continued to play a vital role in supporting both our artistic community and The Art House's financial sustainability. These maker spaces, managed by skilled local artists, remained hubs of creativity, hosting workshops, courses, and open-access sessions that foster artistic development and skill sharing. Visiting artists and members benefited from hands-on guidance and mentorship, while our expanded programme of community workshops continued to integrate art into everyday life, strengthening connections across Wakefield and the wider region. Increasing demand for these facilities reflects their growing reputation as accessible, high-quality resources for both professional and community use. Shop and Coffee House Our shop and coffee house continue to be vibrant hubs for community engagement and cultural exchange. Showcasing work by local makers, the shop not only provides a platform for creative businesses to thrive but also generates vital income that supports The Art House's charitable activities. The coffee house has strengthened its role as a welcoming space for visitors, fostering informal networking, collaboration, and a sense of community at the heart of our organisation. Key Priorltles for 2025126 In 2024125, TAH welcomed approx. 25,000 visitors, a 50/0 increase from the previous year, demonstrating sustained audience growth. Our aim for 2025126 is to match this percentage Increase and reach a minimum of 26,000 visitors. This year we have increased our income via the Coffee House and Shop, we are aiming to build on this progress and extend our opening hours to Mondays. This investment with not only drive sales and improve the financial viability of the coffee house and shop, but will also Increase engagement in exhibitions and events. Another key area for developrnent is Well Placed programme, we plan to expand and invest in the project, building partnerships in new areas and building our growing network of artists nationally. Our aim for 2025126 is to expand to 2 new areas and provide an additional 10 spaces to artists. Golng Concern The past year has been one of both challenge and progress, as The Art House continues to strengthen its financial foundations and plan confidently for the future. The Trustees are confident in The Art House's strong position, supported by clear strategic plans for fundraising, income generation and activity that run through to 2027. This plan sets out our priorities, milestones, and the steps we'll take to manage risks and remain resilient. Our financial planning is based on realistic assumptions and careful forecasting, helping us make informed decisions. Current projections show a stable and positive outlook, supported by responsible management and our continued commitment to building a diverse range of income streams.
Boldsign DOcment ID= 06ac5103416948514fe2419110116s47f THE CREATIVE ART HOUSE (a Company limited by guarantee) TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 We're grateful for the ongoing support of Arts Council England, as well as other funders. partners, and individual supporters. Their contributions have played a vital role in helping us deliver our artistic and community programmes. The Trustees remain focused on developing new partnerships and exploring ftjnding opportunities that align with our values and ambitions for inclusive creative growth. We regularly review our financial performance, fundraising activity, and spending to make sure we are using resources wisely and protecting the charity's long-term future. Our risk management approach also plays an important part in keeping the organisation secure. We regularly assess operational and financial risks to ensure that strong controls are in place and that we can respond quickly to any challenges. We also work closely with extemal flnance professionals to review and test our plans, giving us additional reassurance and oversight. With these strong foundations and proactive measures in place, the Trustees are confident that The Art House remains on a sound footing. It is therefore appropriate to prepare the financial statements on a going concern basis. This approach reflects our commitment to sustaining and growing The Art House, so that we can continue to support artists and our community with creativity, care, and confidence. StruGture, Governance, and Managament Constltutlon The Creative 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. Regular meetings ensure that the board remains actively involved in oversight. Currently, the board meets quarterly and maintains strong governance. d. Induction and Training New Trustees are invited to observe board meetings before fonnal 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. e. Senior Staff Pay Policy The Board oversees and approves policies related to remuneration, benchmarking salaries against local market data and using extemal consultants as needed. This ensures we attract and retain highty 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.
Boldsign Document10.. 06acS1034if69485f4fe24191101165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Key risks include fijnding continuity, staff turnover and knowledge dependency and building maintenance, managed through strategic action plans and live risk register. We are very pleased to have secured re-entry into the Arts Council's National Portfolio. providing stability through 2027. Maintenancel building related risks costs are monitored through a prioritisation plan. An updated reseNes policy has been introduced this year, establishing a framework for rebuilding the charity's reserves cumulatively over the next six years to ensure the organisation's resilience and sustainability. Funding The Art House employs a robust, mixed-economy funding model to support its operations, encompassing Earned Income, Charitable Income, and Statutory Income. This diversified approach is deslgned to ensure sustainability and foster growlh. Earned Income Earned Income is generated through two primary channels.. 1. Mission-Related Tradlng.. This includes revenue from the provision of creatlve 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 contracts. 2. Commercial Tradlng: This stream is composed 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. In 2024125 we introduced an individual giving opportunty, 'Change Makers,. This allows supporters to donate on a recurring monthly basis. These supporters are important members of The Art House community and this funding in crucial to supporting the work of the Charity. Statutory Income Statutory Income includes funding received from government bodies. with Arts Council England being our principal supporter.
BDldSign Docurnent ID: 06ac510341f694a5f4fe2491f01165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Integrated Approach to Funding The Art House actively pursues funding opportunities which utilise and celebrate our on-site facilities and strengths. By securing grants, public funding. and other financial support, we can expand the use of our Maker Spaces, studios, galleries, and event spaces to deliver a wider range of programmes and community activities. This not only ensures that every space and resource is fully utilised, but also provides opportunities for our talented team to collaborate, share expertise, and develop innovative projects. In turn, this strengthens artistic provision, supports local makers, increases visitor engagement. and enhances the charity's overall sustainability. Principal Fundlng Sources Our principal sources of funding include: Core Funding: Arts Council England, Foyle Foundation, Garfield Weston, Earned Income. Project Fundlng: Contributions from Paul Hamlyn Foundation, The Baring Foundation, IGEN Trust, Wakefield Council. and various other 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. Any fundraisers representing The Art House are expected to uphold these standards and are members of the Chartered Institute of Fundraising. In 2024125 we have introduced an Ethical Fundraising Policy 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 formal complaints were received during the year. Our Fundraising Policy is robust and ensures that individuals can easily opt out of receiving fundraising comrnunications.
Boldslgn Do¢umÈnl ID: 06acS10341169485f4fe24191101165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 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 thatfinancial ststements 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. Observe the methods and principles of the Charities SORP {FRS 102). Make judgments and estimates that are reasonable and prudent. State compliance with UK Accounting Stsndards (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 Information to Auditors Each Trustee confirms that, to the best of their knowledge, there is no relevant audit infonnation 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 prePad in line with the small companies exemption provisions. Approved by order of the Board of Trustees and signed on their behalf by: CB Adrian Brooks Chair of the Board of Trustees Date:211212025 | 11:15 GMT 10
Boldsign Doeument ID: 06ac51034lf89485f-afe24191f01165471 THE CREATIVEART 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 2025 which comprise the Statemenl of Financial Activities, Balance sheet, Statement of Cash Flows and notes to the financial statements, including a sumrnary of significant accounting policiès. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, 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 company's affairs as at 31 March 2025 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 opinlon W8 conducted our audlt in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the truslees, 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 rnonths from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. other informatlon 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. 11
Boldsign Documènt ID: 068¢510341f6948Sfvafe24191fOI165471 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 infomiation and, in doing so. consider whether the other information is materially inconsistenl 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 infomiation, 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 obtalned in the course of the audit, we have not identified material mlsstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, 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. Responsibilitles 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 intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material rnisstatement, 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 responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assuran 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 accordan¢8 With ISAS (UK) will always detect a material misstatement when it exists. Misststements 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
BoldSSgn Documgnt ID: 06ac51034f6948Sf-afe24)91f01165471 THE CREATNE 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 governance 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 to have a direct effect on the financial ststements including UK financial reporting standards, Company Law and Charity Law; the timing of the recognition of income; the split of income and expenditure belween funds; the requirement to impair tangible fixed assets and the amount of any such impairment. 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 comrnunicated 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 conlrols 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; identrfying and testing journal entries, in particular any journal entries posted with unusual account combinations or crediting revenue or cash; reviewing the rninutes of Board meetings" evaluating the underlying business reasons for any unusual transactions. 13
Boldslgn Do¢umenl ID.. 06ac510341169485f•afe24)91101165471 THE CREATIVE ART HOUSE (a company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CREATIVE ART 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 misstatements 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 slale 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. Nicholas Weller FCCA, Senior Statutory Auditor Sumer Auditco Ltd Chartered Accountants & Statutory Auditors 14th Floor, 33 Cavendish Square, London W1GOPW 2112/2025 | 11 15 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 Cornpanies Act 2006. 14
Boldslgn Dts¢um•nt ID.. 06ac510341f69485f4fe2419lf01165471 THE CREATIVE ART HOUSE {a Company limtted by guarantee) STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Funds 2025 Restricted Funds Total Funds 2025 2025 Total Funds 2024 Note Income from.. Donations and legaaes 357,029 142.234 499.263 500,626 Charitable activities 106,008 106,008 102.885 Other trading activities 248.230 248,230 193,863 Investments 334 334 639 Total income 711,601 142,234 853,835 798,013 Expenditure: Cosl of raising funds 26,718 26,718 12.665 Expenditure on charitable activities 780.746 196,057 976,803 976,613 Total expenditure 807,464 196,057 1,003,521 989,278 Net (expenditure) I Income 195,863) 153,823) (149,686) (191,265) Transfers between funds 13,205 (13,205> Net movement In fund5 82,658 67,028 149,686 191,265 Reconciliation of funds." Total funds brought forward {7,558) 3.062.156 3,054,598 3,245,863 Total funds carried forrtard 16 90,216 2,995,128 2 904,912 3,054,598 The statement of financial activilies include5 all gains and losses recognised in th8 year. All income and expenditure derive from conlinuing activities. The notes on pages 18 to 34 form part of these financial statements. 15
Boldsign Document ID: 06ac51034lf69485f•afe24191101165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) COMPANY NUMBER: 03345162 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed Assets Intangible assels Tangible assets 12 13 2,932.192 2,932.192 3,076,462 3.076,462 Current assets Debtors Cash at bank and in hand 14 88,626 33,744 84,318 57,654 122.370 141,972 Llabilities Creditors.. amounts falling due within on8 year 15 149.650 163,836 Net current assets (27,280) (21.864) Total net assets 2.904.912 3,054,598 The funds of the charlty." Restrlcted funds 16 2,995,128 3,062,156 Unrestricted funds 16 (90.216) (7,558) Total funds 2.904,912 3,054,598 These financial statements have been prepared in accordance wilh Ihe provisions applicable to companies subject to the small companvs regime. The Trustees acknowledge their responsibilities for complwng with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. Approved by the trustees on 2/12/2025 | iana%OAbd and authorised for issue on their behalf by: Adrlan Brooks Chair of Trustees The notes on pages 18 to 34 form part of these financial statements. 16
Boldsign Document ID.. 06ac51034f69485f4fe24J91f01165471 THE CREATIVE ART HOUSE (a Company limited by guaranteel STATEMENT OF CASH FLOWS FOR THEYEAR ENDED 31 MARCH 2025 2025 2024 Note Cash flows from operating activities: Net cash (used in)Iprovlded by operating activities 18 (23,484) 22,568 Cash flows from investing aclivities: Bank interest Purchase of tangible fixed assets 334 (760) 639 Net cash used in Investing actlvities 426 639 Change In cash and cash equivalents in the reportlng period 23.910 23.207 Cash and cash equivalents at the beginning of the period 57.654 34.447 Cash and cash equivalents at the end of the reporting perlod 19 33,744 57.654 The notes on pages 18 to 34 form part of these financial statements. 17
Boldsign Dotturnent ID: 06aG51034lf69485fde2JJ91101165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 Accounting policies General informatlon The Charity is a company limited by guarantee and was incorporated in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The number of members in 2025 were 28 (2024: 24}. The registered offi¢e is Drury Lane, Wakefield, West Yorkshire. WF12TE. The registered company number is 03345162 and the registered charity number is 1063671. 1.1 Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financi81 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 G8nerally Accepted Accounting Pradice. The Creative Art House meets the definition of a public benefit entity under FRS 102. Assels and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounling policy. The financial statements are prepared under the historical cost convention in £ sterllng. which is tha functlonal currency of the charity. and rounded to the nearest £1. 1.2 Going concern The past year has been one of both challenge and progress. as The Art House continues to str8ngthen its financial foundations and plan confidently for the future. The Trustees are confident in The Art House's strong position, supported by clear strategic plans for fundraising, income generation and activity thal run through to 2027. This plan sets out our priorities, mileslones, and the steps we'll take to manage risks and remain resilient. Our financial planning is based on realistic assumptions and careful forecasting, helping us make infomied deGisions. Current projections show a stable and positive outlook, supported by responsible management and our continued commitment to building a diverse range of income streams. We're grateful for the ongoing support of Arts Council England. as well as other funders, partners, and individual supporters. Their contributions have played a vital role in helping us deliver our artistic and community programmes. The Trustees remain focused on developing new partnerships and exploring funding opportunities that align with our value5 and ambitions for inclusive creative growEh. We regularly review our financial performance, fundraising activity. and spending to make sure we are using r8sources wisely and protecting the charitls k)ng-term future. Our risk management approach also plays an important part in keeping the organisation secure. We regularly assess operational and financial risks lo ensure that strong conlrols are in place and that we can respond quickly to any challenges. We also work closely with extemal finance professionals to review and test our plans, giving us additional reassurance and oversight. With these strong foundations and proactive measure5 in place, the Trustees are confident Ihat The Art House remains on a sound footing. It is therefore appropriate to prepare Ihe financial statements on a going concern basis. This approach reflects our commttinent to sustaining and growng The Art House, so that we can continue to support artists and our Community with creativity. care, and confidence. 18
Boldsign Document ID: 06a¢510341f69485f-afé24191K11165471 THE CREATIVE ART HOUSE (a Company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 1 Accounting pollcies (continued) 1.3 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of th8 general objectives of the charity and which have not been désignated for other purposes. Designated funds comprise unreslricted fun(Is that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statemenls. Restricted funds are funds which are to b8 used In accordance with specific rèstrictions 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 r8Stricted fund is set out in the notes to the financial statements. 1.4 Income All income is recognised once the charity has entitlement to the income, il is probable that Ihe income will be received and Ihe amount of income receivable can be measured reliably. Income tax recoverable In relation to donations receive(l under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in Ihe period in whlch it 15 re1vable and to Ihe extent the goods hav8 been provided or on completion of the servi. 1.5 Expendlture 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 Ihe amount of Ihe obligation can be measured reably. 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 direclly 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 aclivilies 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 al 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 dire¢lly undertaklng the activities which further the charity's objectives, as well as any associated support costs. 19
Boldslgn Docvment ID: 06ac51034H69485fpale24)91101165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 1 Accounting policies Icontinued) 1.6 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is nomially upon nolrfication of the interesi paid or payable by the instttution with whom the funds are deposited. 1.7 Taxation The charity is Gonsidered lo pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definilion of a charitable company for UK corporation lax purposes. Accordingly. the charity is potentially exempi from taxation in respect of income or capital gains r8ceived within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the 8Xtent that such income or gains are applied exclusively to charitab18 purposes. 1.8 Intanglble assets and amortlsation Intangible assets costing £500 or more are capitslised and recognised when future economlc benefits are probable and the cost or value of Iha asset can be measured reliably. Intangible assets are initially reGognised at cost. After recognltion. under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortlsalion is provided on the following basis: Webslte 33% straight-line 1.9 Tanglble fixed assets and depreclation Tangible fixed 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. Tangibl8 fixed assets are initially recognised at cost. After recognition, under the cost model, tangible rixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cosL Depreclation is charged so as to allocate Ihe cost of tangible fixed assels less their residual value over thelr estimated useful lives. Depreciation is provided on the following bases: Long-term leasehold property over the length of the lease Short-term leasehold propety over the length of the lease Fixtures and fittings 15QA per annum straight line Office equipment 15Yo per annum straight line Computer equipment over 3 years straight line Art work pieces 15°k per annum straight line In the year of acquisition computer. office equipment, fixtures and fittings are depreciated from the start of the year. 20
Botdsign Docurnènt ID: 06a¢51034f69485f4fe2419ffOI165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 1 Accountlng po>licles (continued) 1.10 Debtors Trade and other debtors are recognised at the seltlement amount after any trade discount offered. Prepaymènts 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 matLrrity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.12 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a pasl event, it is probable that a transfer of economic benefit will be quired in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay lo settle the debt or the amount il has received as advanced payments for the goods or seNices it must provide. Provislons are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted at the pre tax discount rat8 thal reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statemenl of financial activilies as a finance cost. 1.13 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrurnents. Basic financial instrumenls are initially recognised at transaction value and subsequenlly measured at their settlement valu8 With the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.14 Oporatlng leases Rentals pald under operatlng leases are charged to the Statement of financial activit18s on a slraight line basis over the lease term. 1.15 Penslons The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year. 1.16 Employee benefits The costs of short term employee benefits are recognised as an expense. The cost of any unused holiday entillement Is recognised in the period in which the employee's servlces are recaived. 1.17 Crltlcal accountlng estlmates and areas of judgment Estimates and judgments are continually evalualed and are based on historical experience and olher factors, including expectstions 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 fulure. The resulting accounting estimates and assumptions will, by definilion, seldom equal the relaled actual results. The are no estimates and assumptions that have a significant risk of causing a fflaterial adjustment to the Garrying amounts of assets and liabilities within the next financial year. 21
Boldslgn Do¢um8n* ID.. 06ar51034f6948514fè24191f01165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Gontinued} 2 Income from donationj grants and legacies Unrestricted RestTiCted 2025 2025 Total 2025 Donation5 Donations including gift aid 72,115 72,115 Grants Arts Council England - Core Grant Arts Council England - Culture Re¢overy and Capital Wakefield Council Grant Paul Hamlyn Grant Other grants Membership fees 221,633 221,633 7,494 3,660 40,000 154,359 7,494 3,660 40,000 23,279 131,080 Total 357.029 142,234 499,263 Income from donation, grants and legacles (prior year) Unrestrictéd Restricted 2024 2024 Tolal 2024 Donatlons Donaiions including gift aid 1,965 1,965 Grants Arts Council England- Core Grant Arts Council England- Culture Recovery and Capital Wakefield Council Grant Paul Hamlyn Granl Other grants Membership fees 221,633 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 22
Boldsign Doeufflent ID: 06ac51034169485f4fe24)91f01165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 3 In¢ome from charitable activities Unrestricted Funds 2025 Total Funds 2025 Provision of art facilities 106,008 106,008 Unrestricted Funds 2024 Total Funds 2024 Provision of art facililies 102.885 102,885 2025 2024 Provision of art faclllties Studio rental Studio service charge Studio virtual Studio other Print room Dark room Ceramic Studio 50,995 6,878 180 1,535 17,373 8,637 20,410 106,008 48,530 7,248 1,444 3.027 19,920 3.727 18,989 102,885 4 Income from other tradlng activities Unrestricted 2025 Total 2025 Room hire and flat Off-site management Contracts for services other income Other public courses Coffee House Shop incom8 24,480 156,524 6,050 2,400 16,842 35,634 6,300 248,230 24,480 156,524 6,050 2,400 16.842 35,634 6,300 248,230 23
Boldsign Doeument ID= 06ac511134lf69485t•afo24)91f01165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued) 4 Income from other trading activities (prior year) Unrestricted 2024 Restricted 2024 Total 2024 Room hire and flat Off-site management Contracts for seNices Other income Other public courses Coffee House Shop income 25,100 110,681 1,767 4,289 12,981 25,217 6.900 320 25,420 110,681 5,060 6.926 12.981 25.895 6,900 3,293 2,637 678 186935 193 863 5 Investment Incorne Unrestricted Unrestrict•d 2025 2024 Bank interest 334 639 6 Raising funds Total Funds 2025 24,788 1,930 Total Funds 2024 10.127 2,538 Fundraising Marketing 26,718 12,665 During Ihe year, total expenditure on raising fund5 was £26.718 (2024: £12.665) of which unrestricted expenditure amounted to £26.718 (2024: £8,865) and restrTrcted expenditure amounted to £Nil (2024: 3.800). 7 Expenditure on charltable actlvltles Total 2025 Total 2024 Provision of art facilities 976.803 976,613 During the year, total expenditure on charitabl8 activities was £976,803 (2024: £976,613) of which unrestricted expenditure amounted to £780,746 (2024: £735,249) and restricted expenditure amounted to £196,057 (2024: £241,364). 24
Boldslgn Document ID: 06acS1034f69485f4f•24191f01165471 THE CREATIVE ART HOUSE (a Company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 8 Analysis of expenditure by activities Direct costs Support costs 2025 2025 Total 2025 Provision of art facilities 756,724 220,079 976,803 Direct Costs Support costs 2024 2024 Total 2024 Provision of art facilities 785,801 190.812 976,613 Analysls of dlrect costs Total Funds 2025 Total Funds 2024 Staff costs Other staff costs Depreciation Artistic programme costs Project Costs Coffee House costs Shop costs Premises costs Marketing 262,392 7,446 145,030 40,340 148,499 19,584 3,231 112,833 17,369 756,724 330,393 804 150,440 33,135 160,567 15,048 2,634 69,935 22,845 785,801 Analysis of support C08ts Total Funds 2025 Total Funds 2024 staff costs Office costs Professional fees Governance costs 101,209 33,541 77,289 8,040 220,079 87.291 38,392 46.657 18,472 190,812 25
Boldslgn Documtrnt ID,, 06ac51034f69485f4fè24191101165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {continued) Auditors remuneration 2025 2024 Fees payable to the charitys auditor for the audit of the charitys annual accounts 15.000 12,500 10 Staff costs 2025 2024 Wages and salaries Social security costs Contribution to defined contribution pension schemes 348,069 19,981 6.795 374.845 394,427 16,572 6,685 417,684 The average number of persons employed by the charity during the year was as follows., 2025 2024 Employees 26 24 No employee received remuneration amounting to more than £60,IXJO in 2025 (2024: none). Key management conslst of the CEO and Co-Executive Directors (2024 - CEO. Programme Director, Admin Director and Finance Director). The total remuneralion including employer's Nl and pension attributable to the senior management t8am for the year was £117,376 (2024- £114,653). 11 Trustees. remuneration and expenses Durlng the year, no Trustees received any remuneration or other benefits12024= £nll). During th8 year. no Trustee expenses have been incurred (2024: £nil). 26
Boldsign Do¢umenl ID: 06ac51034f69485frafe24)91101165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {continued) 12 Intanglble assets Website Cost At 1 April 2024 At 31 March 2025 9,503 9,503 Amortisatlon At 1 April 2024 At 31 March 2025 9,503 9,503 Net book value At 31 March 2024 At 31 March 2025 13 Tangible flxed assets Long.temi Short-term Fixtures other leasehold leasehold and Office Computer fixed property property flttlngs Equipment Equipment assets Tolal Cost or valuation At 1 April 2024 Additions 2,554,816 2.346.768 210,989 61,207 53,378 9,160 760 5,236,318 760 At 31 March 2025 2,554,816 2,346,768 210,989 61,207 54 138 9,160 5,237,078 Depreclation At 1 Aprll 2024 1,010,640 Charge for the year 19,064 At 31 March 2025 1.029,704 892.260 145,668 103,893 18.454 996,153 164.122 49,671 3.145 52,457 9,160 474 2.159.856 145,030 2,304,886 52,816 52,931 9,160 Net book value At 31 March 2025 1.525,112 1,350,615 46,867 8,391 1,207 2.932,192 At 31 March 2024 1.544,176 1.454.508 65.321 11.536 921 3,076,462 27
Boldsign Document10.. 06ac51034f69485f4le24J91101165471 THE CREATIVE ART HOUSE (a Company limtted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 14 Debtors 2025 2024 Trade debtors Prepayments and accrued income 59,734 28,892 52.789 31,529 88,626 84,318 15 Creditors: amounts falling due within one year 2025 2024 Trade creditors other laxation and social security other creéÈtors Accruals and deferred income 79,229 16,993 7,386 46.042 61,239 34,547 21,407 46,643 149,650 163,836 Deferred Income 2025 2024 As at 1 April Resources released durlng the year Resources deferred during the year 20,964 (20,964) 20.473 20,964 As at 31 March 20,473 20,964 Deferred income relates to off-site rent. services charges, room hires and other public ¢ours8S received in advance. 28
Boldslgn DoeumÈnl ID.. 06a¢51034E169485f4fv2JJ91101165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {conlinued) 16 Funds summary Slatement of funds - current year Balance at 1 April 2024 Income Expenditure Balance at 31 March 2025 Transfers inlout Unrestricted fund5 General funds General funds (7.558) 711.601 (807.464) 13.205 (90,216) Total unrestricted funds 7.558 711.601 807.464 13,205 90,216 Restricted funds ACE Capital Funding (CapEx Grant) Capital Project- Drury Lan8 Capital Project - Carnegie Library Library lease Art Fund - Herd proje Art Fund - Research project Baring Foundation Grant Henry Moor8 Foundation Charities Aid Found81ion Creatlve Minds Talk and Draw Creative Minds Stitching D,0Y Carte Foundalion Community Foundation Wak8fi8ld IGEN Trust Big Give Fundraising Nova Wakefield Seaglass Uni Skillshare 30130130 The Austin and Hope Pilkington Trust Grant The Space Unlimted Grant University of Sheffield Wakefield Council- Darkroom project Wakefield Council - Lifeloro baming 60,246 1.524.711 1.382,048 72,457 4.956 (11.185) (18.824) (98,718) (5,176) 54,017 1,505,887 1,283,330 67,281 1.600 2.538 12,314 1,600 2.538 24,907 3.000 5,000 4,366 6,000 4,550 4,987 39,623 112,593) (1,263) (1,737> 5.000 505 6,000 4,550 (3,861) (4,987) (5,124> 34,499 1,750 19.127 1,624 193 (1,7501 420 1,175 (20.722) (278) 1.346 283 1.140 (1.223) 83 5,000 (2,500) 2,500 12,000 8,906 3,036 5,700 3,660 (7,091) (6,172) {2,734) 4.909 3,036 5.533 (167) (3,660) Total restricted 3.062.156 142.234 196,057 13,205 2,995.128 Total funds 3.054.598 853,835 1.003,521 2,904,912 29
Boldslgn Document ID.. 06ac51034f6948S14fè24J91f01165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 16 Funds summary (continued) Statement of funds - prior year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Unrestrlcted funds Income Expenditure General ffunds General funds 14.301 698.910 (744,114) 23,345 (7.5581 Total unreslricted funds 14,301 698,910 744,114 23,345 7,558 Restrlcted funds ACE Capital Funding {CapEx Grant) Capital Project- Drury Lane Capltal Project - Carnegie Library Library lease Creative Minds Talk and Draw Creative Minds Outside In Leeds Hospital Charilies (NHS) Re-Emerge Historic England Nova Grant Foyle Foundation Big Give Fundraising Happy Healthy Holidays Haribo Fund - Artwalk Nova Wakefield Seaglass Unl Skillshare Wild Escape Project Unlimited Grant 73,002 1,543,573 1,480,766 77,633 (12,756) {18,862) {98.718) (5.176) (1.031) (2,891) 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) (165) {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) (6,195) (2.487) (2,500) {30,263} (7.228) (5) (2,9611 (3,8071 19.127 1,624 193 31 27 Total restricted 3,231,562 99,103 245,164 23,345 3,062,156 Total funds 3,245,863 798.013 989,278 3,054,598 ACE Capital Fundlng (CapEx Grant) To provide support in the maintenance and upkeep of The Art House Building and upgrading for re- positioning and sustainability. Capital Project - 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 c05t of initial planning, leasehold land, professional fees, construction and equipment in relation to The Art House Building, less deprecialion charged. Capital Project - Carnegie Library Funded primarily by grants frorn the Arts Council Lottery towards the costs of developing the Camiegie Library into an extension to 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. 30
Boldslgn Document ID: 06ac51034H69485f4fè24glf01165471 THE CREATIVE ART HOUSE {a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 16 Funds summary (continued) Library lease This is a 25 year lease from Wakefield Metropolitan Dtstrict Council for use of the Carnegie Library. The leas8 was signed in January 2014 and depreciation has commenced from May 2015. on completion of the building, Art Fund Herd project: A series of 4 screenprint and crafting workshops for children and young people. and famili8S in the asylum process, inspired by Iha Herds, a global climate change initiativ8 project. Research grant- Jonathan Ruffer Curatorial Grants Programme, to support a series of UK trips to research refugee and artists in l or have been through the asylum process. Bagri Foundation Support towards Zarah Hussain's solo exhibition 'Paradise Carpet.. Baring Foundation The delivery of creative support sessions specifi¢ally for men experiencing poor mental health. Blg Give Fundraising A public driven fundraiser to support Artwalk (a bi-rnonthly ¢ative event across the city) and contribute towards the running costs of the prolect. Crowd funding managed by'Big Give.. Charities Aid Foundation Anonymous donation managed by the Charities Aid Foundation. Used to support the Charlotle Smithson exhibition. Creative Minds To support Talk and Draw, 48 workshops for people seeking asylum refugees and the local communily of all age groups. To support Creative Stitching workshops for people seeking asylum refugees 8nd the local community of all age groups. Communlty Foundalion Wakefield Dlstrict To support the Haribo Happiness Together Fund - Creative workshops lead by a practicing artlst for Intergenerational local families and members of TAH'S Studio of Sanctuary (work with refugees and people seeking asylum. D'oyly Carte Foundation Urban GardeninglEnvironment project supporting the mental wellbeing of community members. IGEN Trust The delivery of various Arts and Health communty projects Ihroughout 2025. Foyle Foundatlon Development of'well Placed, off site project and exploring other sustainable income streams. Henry Moore Foundation Support towards artist Bijan NJnini-Alavijeh's solo exhibition 'A Glimmer,. Skillshare Funds raised from sales of donated crafts created during Skill Share workshops at TAH. The Austln and Hope Pilkinton Trust To support a residency programme specifically supporting Disabled Artists throughout 2024125. Nova Wakefield Creative health work wth perinatal women including art therapy and community group work. Funded by NOVA Wakefield. 31
Boldsrgn Docurnent ID= 06ae510341f69485f4f•2419lf01165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) Seaglass Uni 6 week creative health course co researched by participants and practitioners and project staff working with adoptive parents. Funded by University of Sheffield via Seaglass Creative. The SpaGe Support towards Zarah Hussain's solo exhibition 'Paradise Carpet,. Universlty of Sheffield Support towards the project Cripping Breath, a collaborative research project with University of Sheffield. Unlimited Funding to support an artist commission by Unlimited. Support delivered by The Art House included accommodation, delivery of workshops and supporl for artisls to participale in the work. Wakefield Council Darkroom project.. Commission to design and build a large-scale camera obscura, new mobile community resource for Wakefield. Lifelong learning.. Support lo hold Lifelong Learning Activily for Wakefield's Festival of Learning. 30130130 public challenge Public fundraising campaign to provide free workshops for children during the summer holidays of 2024. Transfers Transfers to unrestricted lunds are made where the conditions on the reslricted funds have been fully met. 17 Analysls of net assets between funds Analysls of net assets between funds - current year Unrestricted Reslrlcted funds funds Total funds Tangible fixed as88ts Current assets Creditors falling due in less than one year 21,677 34,400 1146,293) 2.910,515 2,932,192 87,970 122,370 {3.357) (149,650) 90,216 2,995,128 2,904.912 Analysis of net assets between funds - prior year Unrestrl¢ted Restrlcled funds funds Total funds Tangible fixed assets Current assets Creditors falling due in less Ihan one year 37.000 119,278 (163,836) 3,039.462 3,076.462 22,694 141.972 1163.8361 7.558 3,062,156 3.054.598 32
BoldSSgn Docurnent ID: 06a¢51034f69485f-afe2491fO1165471 THE CREATIVE ART HOUSE (a Company limitsd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {contlnued) 18 Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 Net expenditure for the year (as per Staternent of Financial Activities) (149,686) (191,265) Adjustments for.. Depreciation charges Bank interest Increase in debtors (Decrease)lincrease in creditors 145,030 (334) {4,308) (14,186) 150,440 {639) (2,441) 66,473 Net cash (used Inyprovlded by operating activAties 23.484 22,568 19 Analysis of Gash and cash equivalents 2025 2024 Cash in hand 33,744 57,654 20 Analysls of changes in net debt At 1 Aprll 2024 Cash flows At 31 March 2025 Cash at bank and in hand 57.654 23,910 33,744 21 Penslon commltments The Charity operat8s one defined contribuli¢)n 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 fttnds and amounted to £6,794 {2024- £6.685). Contributions totalling £Nil (2024: £7.967) were payable to the scheme at the balance sheet date and are includ8d in creditors. 22 Operating lease commltments At 31 March 2025, the charity had commitrnents to make future minimum lease payments under non cancellable operating leases as follows- As restated 2024 2025 Not later than 1 year Later than 1 year and not later than 5 years 1,783 4.012 1,783 5.795 5,795 7.578 33
Boldsigft Document ID: 06a¢510341f69485f4fe24791f01165471 THE CREATIVE ART HOUSE (a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (Continued) 23 Related party transactions No expenses were reimbursed to key management personnel within the year (2024: £1.643). During the period, Trustee. Adrian Brooks. made a donation to the charity of £51,000 (2024: £45,000). There were no other related party transactions that took place in the year (2024: none). 34