Reglstsrad numbar: 04404746 Charlty number: 1096890 CREATIVE RESPONSE (ARTS) LIMITED (A Company Umlted by Guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CREATIVE RESPONSE (ARTS) UMITED (A Company Llmlted by Guarants•) CONTENTS Page Referen¢• and Admlnlstratlve Dotalts of the Company. Its Board of Trustees and Advisers Trusteos, Report 1nd•pd0nt Examinerf$ R•port Statsment of Flnanclal Actlvltlos 10 Balance Sh¢¢t Notes to tho Flnanclal Statements 13-26
CREATIVE RESPONSE (ARTS) LIMITED (A Company Llmlted by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS BOARD OF TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Board of Trustees Mr N Wren, Chaim)an (appointed 19 December 2018, resigned 12 September 2023) Dr D Savage, Acting Chaimian (appointed Trustee 21 July 2021, appointed Director 19 July 2021, appointed acting ChaimHn 1210912023, reslgned Trustee 4 June 2024) Mr D Beaman (appolnted Trustae 21 July 2021, appointed Director 19 July 2021) Ms R Gunn {appointed Trustee 21 July 2021, appointed Director 19 July 2021) Mrs C O'connor (appointed Trustee 19 July 2021, appointad Director 19 July 2021, resigned Trustee 31 January 2024) Ms L N M Sims (appointed Trustee 9 February 2023, appointed Director 9 February 2023) Ms S Draper (appointed Trustee and Chair 4 June 2024) Mrs N Abbas-Nazari (appointed Trustee 12 March 2024) Ms M Earley (appointed Trustee 4 June 2024) Ms C Lane (appointed TNStee 4 June 2024) Mr B Matthews (appolnted Trustee 4 June 2024) Company reglstered numbar 04404746 Charlty reglstered number 1096890 Reglstsred office Vemon House 28 West street Famham Surrey GU9 7DR Company secretary Mrs K Mcmanus Patron Mrs Perdita Hunt OBE Accountants Shaw Gibbs Limited Accountants Wey Court West Union Road Farnham Su GU9 7PT Page 1
CREATIVE RESPOMSE (ARTS) UMITED IA Company Llmltod by Guarnntse) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Joint foreword fmm the Chair and CEO We are delighted to present our report of activities and porformance in the year to end March 2024. This wa8 a very busy year for the charlty. building on davelopments in the previous year lo contlnue to grow and drSIfy our offer, strengthening our team, and our partnership8, and continuing to increase the number of people we 8UPPOrt in the Creative Respon86 communty. There Is much to celebrate in the achievements and progress outlined h•re- Including our work in new Spaces and to increase our reach and impxL And the devek)pments outlined have raadied us for planned further growth, including work underway to pilot a new service in Hampshire and to reach additional groups wlth specific needs in the MmUnty, fof wmple with a new support offar to older people faclng lonellne88 or Isolation. We remain committed to 8UPPOrting as many vulnerable adults a8 possible wth our vital therapeutic community arts seNice and continue to Seek out and develop partnerships with othors to In¢roas8 our shared reach and Impact. In tho year on whlch we are ncm reportlng, Ihl8 has Included several jolnt project8 wlth staff and students of the Univernity of the Creatrve Art8, Famham and the continued prov181on of 8UPPOrt to Ukrainian refugees In Surny, wllh Activate Learning. Three Spectacular exhibrtlon8 of fr88h and diverse M>rk were held at our studlo8: our annual communty summer exhibltion, Flourish in JuneJuty 2023; a 3D exhibition of large scale ulptureS in Tom's dinosaur lake4)verf in January 2024; and an important 8eries of portrait photographs.. Unbowed: Stories of Ukraine, whlch opened on the second anniversary of the war. on 24 February th18 year, sharing the experionco8 of women In our Ukralne group of leavlng tholr home8 and comlng to the UK.. Fdback from our partlcSpants con11nu con8l•tently lo evidence the inwortance of the 8UPPOrt our expert team of artists provide. and the tangible impact that attending our arts so88ion8, and being part of our communty, has for those we 8eNe: helping people stay a8 Stable and well is P0881ble for them; to find J¢ry and enrichment in the art8 and creativity; and to (re)build wider social live8. Tru8te88 Report The Trustees (who are also Directors of the charity for the purpose$ ol the Cornpanies Act) present their annual report together with the financial statements of Creative Response (Arts) Limtted for the year ended 31 Marth 2024. The Annual Report serves the purposes of both a Trustees. report and a dir•ctorJ' report under compary law. The Trustees confim) that the Annual Report and financial statements of the charitable company compty with the current statutory requirements, the requirements of the charitable companvs governing document and the provlslons of the Statement of Recommended Pracllce (SORP) applicable to charities preparing thelr account8 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the company qualifies as small under section 382 of the compani Act 2006, the Strategic Report required of medium and large compantes under the Companies Act 2006 (StrategiG Report and Directors, Report) Regulations 2013 has boon omitted. Page 2
CREATIVE RESPONSE (ARTS) LIMITED (A Company Llmltod by Guaranteol TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 8tructure, governance and management . CONSTITUTION Set up In 1993, Creatlve Response (Arts) Llmlted was Incorporated as a company lim5ted by guarantee on 11 March 1997 wilh Company registration number 04404746 (England and Wales) and was set up by memorandum and artlcles of assocI8tlon on 27 March 2002. It 18 a regl8tered charity: registration number 1096890 (England and Wales). The 'obJect' of the company, a8 8et out In the gt)verning docurnent8, 18 to relleve person8 wlth mental health problem8 or alcohol or drug probl8rn8 by provision of therapeutic art8 actlvltles. Today, Creative Re8pon8e provides therapeutlc Comrnunity arts to vulnerable adults experlen¢lng a wlde range of mental ill-health difficulties, as well as who have leaming andlor physlcal disabllltles, who live in Surrey and North East Hampshlre. There have been no chang88 In the charlty objects slnco the188t annual report. b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the company Is tha rn8ponslblllty of th8 8oard of Trustea8 who are elected under the term8 of the Articles of A880ciatlon. New trustees are appolnted by the current TNStee8. c. ORGANISATIONAL 8TRUCTURE AND DECISION MAKING The Board that overgee$ the charity'8 work currently has 8 Tru8tee8. The Arucles of A88odatlon requlr• that there 8hould be a minimum of 3, and sets no upper limit. The Chief Executive Officer Ss responslble for the dayTro?day management of the organlsatlon, supported by an OperatSon8 Manager, a finance admini8trator, an administrative officer, 14 artworkers and 8 volunteer8. No team m8mb8r rKelved a r8mun•ration over £60,000. Tru8tee8 received no remuneration or other benefrt. Page 3
CREATIVE RESPONSE (ARTS) LIMITED (A Company Llmltsd by Guaranta•) TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 IIIARCH 2024 Objectlves and Actlvltles . OBJECTIVES Creative Response offers therapeutlc communlty arts to vulnerable adults experlenclng mental 111? health andlor who have physical andlor learning disabilities. We take a person?centred approach, tailoring support to the needs of the individual. Through the provi8ion of our 8ervice we seek to: help our particlpants access the benefts of the arts and creatNty for mental health and wellbeing, including to equip our participants with tools that enable them to sustain their own wellbeing outside the studios,. Offer social and community connecllon, to help tackle lonelinass and isolation; By 8UPPOrting people through recovery and to stay as stable and well as is possible for them, helping enable them to: (re)engage with social life: build their selTresteem and resilience; and move on to new things when they are ready. We seek to enrich the lives of vulnerable adults through our own arts and communty offer, and by providing Support and encouragement to people in our community to explore other things. We have supported vulnerable adults Into work for the first time, or to volunteer, to enrol in further education, or university. and to join creative and other activities on offer in the wider local communty. b. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC BENEFIT Our maln actlvity Is the provlslon of therapeutlc arts 8e8slons for vulnerable adults. These alm to Improve mental health and emotional wellbeing. Our arts session8 mostly take place at our studios in central Farnham. on weekdays, during tenn time. But in this yaar we hava also offered an online art group, an online craative writing session and from time-to-time provided activities at other locations for the purposes of enriching the experience of exlstlng participants. We have additionally run an outreach service at Hale Community Centre, to engage new participants and started a new group, at the Garden Gallery, Museum of Famham. The Garden Gallery space provides an 'anne* to our main studios, and has enabled us to irnprove our support to new and existing participants with significant physical disabilities, a$ a fully accessible offer in a bright and beautiful Space. Our art sessions are run by a highty skilled and experienced team of artists, with expertise in a wide range of creative practices. The sessions offer 8 sharing of skills and knowledge in a safe and supportive environmenl. as well as providing an important communty connection for Ihose we support. Operating in small groups, with the same team and peers together each week, we create a sense of community and belonging that offers the necessary sUPPOrt and Security for our participants that helps them (re)build wider social INes. Our sessions provide support to vulnerable adults referred to us by: Surrey, Hempshlre and Berkshlre County Coundl Adult Socral Care;; communty mental health seTvices; GPS; social prescribers., and olher professlonals. Page 4
CREATIVE RESPONSE (ARTS) UMITED (A Company Llmlted by Guarnnteel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and perfornmnco . ACHIEVEMENTS AND PERFORMANCE This year Creattve Response ¢elebrated 30 years of service to the local community. As well as undertaking several special projects to celebrate this important milestone, we have focused strongly in this period on action to ensure our resilience for the future and to plan for further growih. Activity to this and has included the racruFtm8nt and training of 3 naw artists, increasing the size of Ihe artist team by about 250A and a programme of work to strengthen our support ft)r our volunteers, which has further diversified the ski118 and experience in our team and nearly doubled the number of volunteers engaged in supporting our communlty. We remain very grateful to all of the team for their brilliant work, and particularly our arnazing volunteers ft)r their brilliant support to our participants. and in helping ensure the sustainability of our $eNice offer. The development of a new regular workspace in Ouf gallery at Vernon House has increased our capacty by amund a third. enabling us now to support up to 27 participanls each day at Ihe rnain studios. We are gradually increasing year•on-year the number of people we are supporting with around 25% increase between the start of 22-23 (around 80) and the end of 23-24 (around 100). Worf(ing in partnership with the University of Creative Arts (UCA) Famham we have offered our participants the opportunty to try various new creative practi¢e$ again this year, including a phonotrope workshop on the university campus. And our participants also had the opportunity lo partner wlth UCA Students to produce an interactive installats'on for the Farnham Literary Festival in March 2024 reflecting on the value of writing. This was on display to the publlc In the Famham Town Council tseS for the duration of the Festival. Our gallery hosted 3 well-attended exhibitions: the annual whole-communty summar axhibition; a photography exhibition of work by the Ukraine group; and a solo show for one of our particlpants, Tom. celebrating his production of 13 large dinosaur sculptures which were Subsequently adopted by local schools, libraries and oth81S. We ran a succ&ssful pilot service offer at Hale Communlty Centre Sn the second half of the year, taking our 8ervice the Upper Hafelsandy Hill communty of Famham. This brought several new Clients to our service. We were extremely proud of the successful implementstion of a new partnership what the Farnham GPS Soclal Prescribing service, through which we have increased the support we provide on an 'early intervention, basi8, enabling us to reach 8 new people via a quick and straightforward new referral route. A speclal collaboratlon wlth the deslgn team at Arcadls. Brighton saw the purchase of a collection of Creative Response works for a new local NHS facility. And we were very pleased, at the suggestion of one of our participants. to be able to support our communty through a new partnership with Sport in Mind, with whom we started a dedicaled walking group for our community in June 2023. A comprehensive review of our policies and procedures this year strengthened several aspects of practice and our govemance arrangements. including the production of a now team policy handbook published in September 2023. Page 5
CREATIVE RESPONSE (ARTS) UMITED (A cpanY Lh1t by Guarnntee) TrUSTEES' REPORT ICONTINUEO FOR THE YEAR ENOED 31 MARCH 2024 Flnanclal Revlew a. GOING CONCERN After maklng approprlate enquirles, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to ad¢¥>t the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the Accounting Policies. b. RESERVES POUCY Tho Trustees set a resaNas policy to hold a mininxrn thraa month's q>arating costs to COUnt for fluctuation8 in income c. PRINCIPAL FUNDING Surrey County Council rmained a significanl funder of the service, induding through a Better Care Fund grant. Some participants were supported by Hampshire and Berkshire County Councils as well as through grant funding from a number of local charitable trusts, including in particular the Broadhurst Trust. with whom we are very fortunate to enjoy a strong and ènduring partnernhip. We remain very grateful for support year from donors to the Communty Foundation for Surrey, the Post Code S¢xiety Trust. the National Lottery Heritage Fund, Music at the Pottery, Famham Hedgehogs, South Street TNst. Farnham Council. SLPeterfs Charity Woking. Famham Institute. Farnharn Lions, and Sport England. No income was received from tsIde of the UK d. RISK MANAGEMEKr The Trustee8 continue to regularfy revi ts key organisalK)nal risks, in particular those related to safeguarding, fundraising and financAI risks and the Board ranmins satisfied that $ystenk8 and procedures are In place to mltigate our exposure to the major rlsks. We are pleased to report that the Charity had no rwirtable inadents during Ihe reporting year. e. FUNDS A portion of funds held are defined as restricted. See Se(*ion 11 for details of restrlded funds. f. RESULTS FOR THE YEAR The resufts for the year and the financial position of the company are as shcphm in the annexed financial statements. Page 6
CREATIVE RESPONSE (ARTS) UMrrED Company Llmlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal Rovlew (contlnued) g. SMALL COMPANY PROVISIONS This report has been prepared In accordance wlth the special provisions relaling lo companles subje(* to the srnall companies reglme wlthln Part 15 of the Companles Act 2006. The report has also been made wlth regard to the Charfty Commlsslon Guidance on Public Benefft. Stalement of Trnstees. rnsponslbllltl06 The Trustees (who are also the directors of the company for the purposes of company law) are rasponsible for preparing the Trusiees. Report and the financial statements in accordance wilh applicable law and Unlted Kingdom Accounting Standards (Vnited Kingdorn Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Tfustees must not approve the financial statements unless they are satisfied that they give a true and fair vfew of the slate of affaird of the (x>mpany and of Its incorning resources and appllcation of resources. including its Incomo and &xperKliture, for Ihat period. In preparing thasa financial statements, th8 Trustees are required to: sel8Ct suitable accounting pollaes and then appty them consistently; observe the methods and principles of the Charflles SORP (FRS 102): make ludgmonts and aCUntIng estimates that are reasonable and pryeTr¢ state whether applieAble UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the anCIal statements; preparo the financi818tataments on the golng concem basis unle66. It Is Inappropriata to Pres8 that the compary will ntInue in bu8in&%8. The Trustees are responslble for kééplng 8dequalo accountlng records that are sufficlent to show and explain the ¢>)mpanls transactions and disclose wrth reasonable accuracy at any lime the financial position of the mpany and eroble th8m lo ensure that the financial statements comply with the Cthnpanies Act 2006. They are also responsible for safeguarding tho assets of the company arKJ hence for taktng reasonable steps for the prev8ntion and delection of fraud and other Irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: Stephanie Drdper Datè:
CREATIVE RESPONSE IARTS) UMITED (A Company Llmlted by Guarants¢) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent Examlnerfs Report to the Trustees of Creatlve Response (Arts) Llmlted (Ihe ¢ompany') I report to the charity Trustees on my examination of the arxounts of the company for the year ended 31 March 2024. Responslbllltles and Basis of Report As the Trustees of the company (and its director8 for the purp03es of company law) you are responsible for the preparation of the accountg in accordan¢e with tha rnquirements of the Companies Act 2006 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Acf). In ¢arying out ry examination I have followed tha Directions 9ivan by the Charity Commisston under section 145(5){b) of the 2011 ACL Page 8
CREATIVE RESPONSE IARTS) UMITED (A Company Llmlted by Guarantse) INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Indep•nd•nt Examln•rfs Stat•m•nt I have completed my examination. I confimi that no matteT8 have come to my attention in connection with the axamination giving me cause to believe: accounting records were not kept in respect of the company as required by section 386 of the 2006 Act: or the accounts do not accord wilh those records", or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not 8 matter considered as part of an indepandanl examination; or tha accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in Ihis report in order to enable a proper understanding of the accounts to be reached. Thls report Is made solely to the companrfs Trustees, as a body, in accordance with Part 4 of the Charitles (Accounts and Reports) Regulations 2008. My work has been undertaken 80 that I might state to the company's Trustees those matters l am required to state to thern in an Independent Examwierfs Report and for no other purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for ry work or for this reporL Signed: Mark Dickinson FCA 19 I,.Izg2+ Shaw Gibbs (Audit) Limited Statutory Auditors Wey Court West Union Road Farnham Surrey, GU9 7PT Page 9
CREATIVE RESPONSE (ARTS) UMITED IA Company Umlted by Guarantse) STATEMEKf OF FINANCIAL ACTivmES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Tolal fund8 3J24 fund8 funds 2023 2024 Income from: Donations and legacies 157.614 23.681 181.295 204620 Total Incoma 167.614 23.681 181.295 206,620 Expendlture on: Charitable activities 178.922 17.333 196.255 191,067 Total expendlture 178.922 17.333 196.255 191,067 Net movement In funds 121.308 (14,960) 15.553 Reconclllatlon of funds: Total fijnds brought foThvard Net movement in funds 109.354 121.308) 12,394 6,348 121.748 (14.960) 106,195 15,553 Totsl fundg carrled forward 88.046 18.742 106.788 121.748 Tha Statement of Flnancial Actsvitles includes all gains and losses recognised in the year. The notes on pages 13 10 26 fomi part of thasa financial statements. Page 10
CREATIVE RESPONSE (ARTS) LIMITED (A Company Llmltsd by Guarantso) REGISTERED NUMBER: 04404746 BALANCE 8HEET AS AT 31 MARCH 2024 2023 Fixed assets Tanglble assats 4926 3,823 4.926 3,823 Current assets Debtors Cash at bank and in hand 28,594 105,402 38,490 89,016 133,996 127,506 Creditors: amounts falling due within one year {32,134) (9,581) Net current a88ets 101,862 q17,925 Total assets less current Ilabllltles 106,788 121, 748 Net assets excludlng penslon asset 106.788 q21,748 Total net a$ts 106,788 121,748 Charlty funds Restricted funds Unrestricted funds 11 11 18,742 88,046 12.394 109,354 Total funds 106.788 121.748 Page 11
CREATIVE RESPONSE (ARTS) UMITED IA Company Llmlted by Guarantee) REGISfÉAÉts NUfyIBER: 04404746 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024 The o)mparry was enlilled to exemptton frorn audlt under 8ectlon 477 of tho Companles Act 2006. The mernbers have not required the company to obtain an audit for the year In questton In accordance wlih section 476 of Companies Act 2006. The Twstees acknowledge thelr respongibllilies for mPlyIng with tha requirements of the Act with respect to aecouhtino tè¢Ord* ahd prépa¢atlon Of financial ststements. Th6 financial statements have been prepared in accordance wilh the provisions applicable to entities subject to the Small companies regime. The finandal statements wore approvad and authorised for issue by the TTUSt88s and slgned on thelr behaff by: stephanle Draper Date: 11 I IfL l£rJlt The note& Oh pages 13 to 26 form part of thes8 financial stalements.
CREATIVE RESPONSE (ARTS) LIMITED (A Company Llmltod by Guaran> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles 1.1 Basls of preparatlon ol flnanclal Statements The financial 8tatement8 have been prepared in accordance with ACCOUnn9 and Reportlng by CharSties', Statement of Recommended Practice applicable to charftles preparlng their accounts in accordance wlth the Fln8nclal Raportlng Standard appllcable In the UK and R&publlc of Ireland (FRS 102) (effectlve 1 January 2015) - (Charitie8 SORP (FRS 102)), the Flnanclal Reporting Standard applicable in the UK and Republlc of Ireland {FRS 102) and the Companies Act 2006. The flnanclal 8tatement8 have been prepared to give a 'true and faSrf vSow and have departed from the Charitles (Accounts and R8POrt8) Regulatlons 2008 only to the extent required to provide a 'true and fal vlew. Thls dapartur• has involvad followlng the CharitS88 SORP (FRS 102) publl8had on 16 July 2014 rather than the Accounting and Reportlng by Charitl88: Ststement of Recommendad Pract1 effectlve from 1 Aprll 2005 whlGh ha• •lnce been withdrawn. Creatlve Response (Art8) Limited meets the definition of a public benefit entity under FRS 102. A88ets and liabllltles are InStlally recognl8ed at hlstorical colt or tran•acllon value unle8• otherwl•e stated In the relevant accountlng pollcy. 1.2 Company Statu• The company18 a company Ilmlted by guarnntee. The membern of the company are the Tru$tee8 named on paga . In the event of the company being wound up, the Ilablllty In respect of the guarantee 58 Ilmited to £10 per member of the company. 1.3 Golng concorn The Tru8te88 con81d8r that thera are no materÉal uncertainties about the company'8 ability lo continue as a going con¢8m. 1A Income All income 18 recogni8ed once the company ha8 entitlement to the Sncome, it 18 probable that th& Income wlll be received and the amount of Income receivable can be moasured rellabty. other income16 recogni8ed in the period in which It 18 receivable and to the extent the good8 have been provlded or on cornpletion of the 8ervlce. Page 13
CREATIVE RESPONSE IARTS) UMITED IA Company Llmlted by Guarantse NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢countlng pollcles (contlnued) 1.6 Expendlture Expendlture is recognised once there Is a legal or constructive obligation to transfer economic benefit to a third paty. it is probable that a transfer of economic benefrts will be required in settlement and the arnount of the obligation can be measured reliably. Expenditure is classified by actNity. The costs of each activty are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activty are allocated directty to that activity. Shared costs which contribute to more than one activity and support costs which a not attributable to a single activity are apportioned beiween those activities on a basis consistenl 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 assefs use. Fundraising costs are those incurred in seeking voluntary contributions and do not Include the costs of disseminating information in support of the charitable activites. Support costs a those costs incurred directly in support of expenditure on the objects of the company and include project management Caled out at Headquarters. Gevernance costs are those incurred in connection with administration of the company and compliabce with constitutional and statutory requirements. Expenditure on charitable activities is incurred on directly undertaking the activities which further the compan8 objectives, a8 well as any associated support C08t8. 1.6 Tanglble fixed assots and depreclatlon Tangible fixed assets are initially recognised at cost. After recognition. under the cost model, tangible fwd assets are measured at cost less accumulated dopre¢iation. A review for impairmant of a fixed asset is carriad out if events or changes in clrcumstancA$ Indicate that the ¢arryin9 value of any fixed a$set$ may not be re¢overable. Shortfalls between the carying value of fixed assets and their recoverabel amouns are recognised as impairnwnts. lrnpairnwnt losses are recognised in the Statement of Financial Activities. Depreciation is charged so as to allocate the cost of tangible rd assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreclation Is provided on the followlng basis: Fixtures and ffftings 25% Reducing balance 1.7 Debtorn Trade and other debtors are recognised at the 8ettlemgnt amount after any trade discount offered. Prepayments are valued at the amount prapald nat of any trade discounts due. 1.8 Cash at bank and In hand Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity of three months or less from the date of acqulsition or opening of the deposit or similar account. Page 14
CREATIVE RESPONSE (ARTS) LIMITED (A Company Llmltsd by Guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (¢onllnu¢d) 1.9 Llabllltles and provlglon8 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 settlefftsnt can be estimatsd reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has receNed as advanced payments for th8 goods or seNices it Must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is b&8ed on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the Ilabllty. The unwinding of the discount is recognised within interest payable and similar charges. 1.10 Flnanclal In8truments The Company onty has financial assets and financial liabilities of a kind thal qualfy as basic financial instruments. Basic financial instruments ara initially recognised at transaction value and subsequentty measured at their settlement value with the exption of bank loans which are Subsequentty measured at amortised cost using the effective interest method. 1.11 Operatlng leases Rentals paid under Operating leases are charged lo the Statement of Financial Activities on a straight line basis over the lease tem. 1.12 Fund accountlng General funds are unrestricted funds which are available for use at the di$¢tiOn of the Trustees in furtherance of the general objective8 of the company and which have not been designated for other purposes. Restrictad funds are funds which are to be used in accordance wllh speclflc restrlctlons imposed by donors or which have been raised by the company for particular purposes. The sts of raising and administering such fund3 are charged against the $paclfic fund. The aim and use of each restricted fund is set out in tha notes to tho financlal statemanls. Page 15
CREATIVE RESPONSE (ARTS) LIMITED (A Company Limited by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from donatlons and grants Unr98trlcted fundg 2024 R•gtrfetad fvnd8 2024 Total fvnd• Donation8 Grants Govemment grants Similar incoming resources 10,472 15,524 71,079 80,539 10.472 39,205 71,079 60,539 23,681 Total donatlon¥ and legacles 157.614 23,681 181296 Unrestiicted Restrfcted lunds funds 2023 2023 Total funds 2023 Donations Grants Government grants Slmilar incoming resources 13,066 18,686 123,496 36,186 13,066 33,872 123,496 36, 186 15, 186 191,434 15, 186 206,620 Analysls of expandlture on charftablo actlvltles Summary by fund typo Unrogtrlcted Ro8trlct funds lunds 2024 2024 Total 2024 Visual artsvrelated activities Expenditure on govemance 160.927 17.995 15,550 1,783 176,477 19,778 178,922 17,333 196,266 Page 16
CREATNE RESPONSE IARTS) UMITED (A cpanY Urnlted by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of expendlture on charltable actlvltles (contlnued) Summary by fund typ• (contlnued) Unrnstricted funds 2023 funds 2023 Total 2023 Vrnual arts-related activitss Expenditure on governance 174,325 13,482 2,534 726 176,859 14,208 187,807 3,260 191,067 Analysls of expendlture by athttl•s ActMIIo• undortaken Govornanco dlrecty CO818 2024 2024 Total lunds Vlsual arts4elated activitses Expenditu on governance 176,477 176,477 19,778 19,778 176,477 19,778 196,255 und8rt8k8n Sup costs 2023 Tot81 fvnds 2023 2023 Wual arts-related activi Expenditure on govemance 176.859 176,859 14.208 14,208 176.859 14.208 191,067 Page 17
CREATIVE RESPONSE WITS> UMITED IA Compary LIMIt by Guarants•) NOTES TO THE FINANCIAL STATEhlENTS FOR THE YEAR ENDED31 MARCH 2024 Anatysis of axpenditurn by activltl88 Icontinuad) Analysls of d5rect costs Vlsual arts• rolatèd athlUg• 2024 Tolal fun 2024 Salaries Contractor cost Rent and Rates Travel and Enlertainment Printing, Postage & Stationary. Computer Costs. arKI Telephone Cost of Goods Sold. Direct Expenses and Comissions 89,347 49,870 29,051 420 2.346 5.443 89,347 49,870 29,D61 420 176,477 176,477 IrLsual arts- lated activ 2023 Total funds 2023 Salaries Contractor cost Rent and Rates Travel and Entartainment Printing. Postsge & Stationary. Computer Costs. and Telephone Cost of Goods Sdd, Direct Expenses and Comissiong 41,933 100,232 26,270 41,933 100,232 26,270 6.364 6,364 176.859 176,859 Page18
CREATIVE RESPONSE IARTS) UMITED (A Company Llrnlted by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of expondlturn ty actlvltleg Icontlnued) Analysls of support Totsl fund8 2024 Govornanco 2024 staff costs Rent. rates and water Insurance Accountancy and legal fees Depreciation Other govemance costs 4,702 1,455 842 5,771 1,421 5,587 4,702 1,465 5,771 6,687 19,778 19,778 Total funds 2023 Govemanca 2023 staff costs Rent, rates and water Insurance Accountancy and legal fees Depreciation Other governance costs 2,207 1,335 811 3,557 974 5,324 2,207 1,335 811 3,557 974 4324 14.208 14.208 Independent examlnerf8 rnmuneratlon 2023 Fees payable to the companl8 independent examiner for the independent axaminatlon of the companls annual accounts 2.280 1,980 Page 19
CREATIVE RESPONSE (ARTS) UMITED (A Company Llmltsd by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Staff costs 2024 2023 Wagas and salaries Contribution to defined contribution pension schemes 92,120 1.929 4Z652 1,488 94,049 44. 140 The average number of persons ernpbyed by the company during tha year was as foll¢)ws: 2023 No. No. ND employee reGeNed remuneration arnDunting lo more than £60.000 In either year. There was no material difference between the average number of staff and the full tlme equlvalent. Page 20
CREATIVE RESPONSE (ARTS) UMITED (A comnY Limited by Guarnnte•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Tanglbla fix•d agsets Flxturns and flttlngs Cost or valuatlon At 1 April 2023 Additions Disposals 10,938 2,624 16571 At 31 March 2024 12,805 Depreclatlon At 1 April 2023 Charge for the year On dtsposals 7,115 1,415 1651) At 31 March 2024 7,879 Net book value At 31 March 2024 4.926 At31 ma 2ff23 3.823 2024 2023 Due wlthln one year Trade debtors Other dabtoryJ Prepayments and accrued income 25.831 20.228 98 18,164 2.717 28,694 38.490 Page 21
CREATIVE RESPONSE (ARTS) LIMrrED (A Company Llmltod by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Crodltorn: Amounts falllng duo wlthln ono year 2024 2023 Trade credltors other credltor8 AccNal8 and deforred Income 6.223 335 26.576 1,427 256 7,898 32,134 9,581 10. Oporatlng l•a•e commllmont• At 31 March 2024 the company had c¢mmlthent6 to make futur• mlnlmum l•a80 payment8 under non- canGellable operallng lea8e8 as follow8: 2024 2023 Not later than 1 year 17,013 Page 22
CREATIVE RESPONSE IARTS> UMITED (A Company Umltod by Guarant¢•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. Statemènt of funds Statement of fund• - current yoar Balance at 31 March 2024 Balanc• at I Aprll 2023 Incomo Expondltur• UnrMtrl¢tsd funds General Fund8 - all funds 10gA54 157.614 (178,9221 88.048 Re•tslcted fund• Computer Equipment Famham Institute - laptop, mobile and card reader South Street Tru8t - klln. pottern wheel arKI clay room equlpment Hedgehogs - August 8e8slon$ Communlty FoundaOn- Ukranlan Refvg•e Session8 Comrnunlty Foundatlon for Surrey Trustees & Donorn - Service for Care L8averJ Metal Clay Jewellery Postcode Lottery Natlonal Lottery - Grant for Ukraine Sport England - Activ• art outsido thé gallary 371 2.436 1,790 511 8.607 3.000 (11,6071 5.000 6,000 7.600 3.860 4312 (2.845) (2.003) 4.666 1.847 4.212 12.394 23.681 117.333) 18,742 Total of funds 121,748 181395 (196,265) 106.788 Page 23
CREATIVE RESPONSE (ARTS) LIMITED (A Company Umltsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. 8tatemont of funds Icontlnu•d) 8tatsment of fund8 - Prtor year Balanc8 at 31 Mah 2023 Ba18nce at l Aprfl 2022 Income Expenditurn Unrestrlctsd funds Gen8ral Fund8- all fund8 105,727 191,434 (187,807) 109,354 Re8trfcted fund• Computer Equlpment Famham Institute - laptop, mobile and card reader Natlonal Lottery - Grant for Ukraine Sport England - Active art outside the gallery Communlty Foundatk)n - Ukranlan Refugee Sessions 468 (97) 371 500 3.034 2,018 (31) (598) (1,507) 469 2,436 511 9,634 (1,027) 8,607 468 15,186 (3,260) 12,394 Total of fund• 108, 195 206, 620 (191,067) 121,748 12. 8ummary of fund• summary ol fund• - curront y•ar Balanco at 31 March 2024 BalanGO at 1 Aprll 2023 Income Expendlture General funds Restrlcted funds 109,364 12,394 167,614 23,681 1178,9221 117.333) 88,046 18,742 121,748 181,295 1196.256) 106,788 Page 24
CREATIVE RESP014SE (ARTS) UMITED (A cpanY Umlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Summary of fund¥ (contlnued) summary of funts - prior year Balance at 31Ma 2023 Balanc8 at 1 Aprf 2022 Income Expenditu General funds Restrthd funds 104 727 468 191,434 15, 186 (187,807) (3.260) 109,354 12,394 106, 195 206, 620 (191,067) 121,748 13. Anatysls of net assets between funds Analysls of net assets betvdeen funds . current perfod Totsl fvnd8 2024 fvnds 2024 2024 Tangible fixed aggets Current assets Creditors due within ona year 2,410 117,770 (32.134) 2,516 16226 133,996 132.134) Total 88.046 18.742 106,788 Analysls of not assets bet*wn funds - prior period Total funds 2023 2023 2023 Tangible red assets Current assets Creditors due within one year 547 Iq8,387 (9.581) 3,276 9.118 3,823 127,505 (9.581) Total 109,353 12,394 121,747 Page 25
CREATIVE RESPONSE (ARTS) LUITED IA Company Llmltod ty Guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2024 14. Rolated party traalon8 There have been no related party trangactlons In Ihe reportlng perlod that requlre dl8ckJsur•. 15. Frfend8 of Crnatlvo Responso 2024 2023 Incomlng Re8ource8 I.LKIO 5,777 1,1700 Tha Frlend8 A880ciatlon18 a vltal source of support to the work of Creatlve Re8pon88, and 81nc• 2012 Ihe amounts generated by the Friend8 of Creative Re8pon8e have been recognlsed wlthln these a¢¢ount8. They have thefoforn added th• above r080urce8 to the accounts. 16. Legal 8tatu• The company18 a charltable company, Incorporated In England and Wale8. It8 registered office 18 Vomon Hou80, 28 West Street, Famham, Surrey, GU9 7DR. Page 26