**Company No:  07578987 Registered Charity No. 1143459** 

## **CREATIVE FUTURES (UK) LIMITED** 

## **A COMPANY LIMITED BY GUARANTEE** 

**ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

_**Transformational experiences through the arts**_ 



- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT & ACCOUNTS, 2021 

|REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021|REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021|
|---|---|
|INDEX|Page|
|Company information|1|
|Report of the directors|2 -9|
|Independent examiner’s report|10|
|Statement of financial activities|11|
|Balance sheet|12|
|Accounting policies|13|
|Notes to the financial statements|14-18|





## - CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) 

## ANNUAL REPORT & ACCOUNTS, 2021 

COMPANY NUMBER : 07578987 CHARITY NUMBER : 1143459 DIRECTORS/TRUSTEES : Marcia Bennie Matthew Brookes – Finance Director (appointed 14 January 2021) Sara Burigo Maxwell Golden Paul Hayday Colin Huntington – Finance Director (resigned 8 March 2021) Matthew Potger (resigned 6 October 2020) Karen Price – Chair Seth Williams REGISTERED OFFICE : Office 9a, The Beethoven Centre Third Avenue London W10 4JL CHARITY ADDRESS : Office 9a, The Beethoven Centre Third Avenue London W10 4JL 

1 



## - CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) 

## ANNUAL REPORT & ACCOUNTS, 2021 

The directors present their report and the financial statements for the year ended 31 March 2021. 

## **MISSION STATEMENT** 

Creative Futures offers transformative experiences through the arts to children and young people, especially those from disadvantaged backgrounds. 

## **OBJECTIVES OF THE CHARITY** 

- i. To advance the education and training of children and young people, in particular but not exclusively those with special educational needs, and their teachers through imaginative and progressive arts-based projects which stimulate learning and development; 

- ii. To promote and protect good health by delivering arts projects for those who are socially and economically disadvantaged, in particular but not exclusively older people, the homeless or those living with long term mental or physical health issues, in order to raise self-esteem, improve quality of life and engage them with wider society; 

- iii. To advance the arts generally, in particular but not exclusively to advance musical education for people of all ages; and 

- iv. To conduct or commission research to better understand specific needs in the field of education and to publish the useful results. 

## **LEGAL STATUS & TAX STATUS** 

The charitable company is a private Company Limited by Guarantee governed by its Memorandum and Articles of Association. As a Registered Charity in the UK it is exempt from UK Corporation Tax as all income is applied for charitable purposes. 

## **ORGANISATIONAL STRUCTURE** 

The Trustees act as Directors for the purposes of company law and as trustees for the purposes of charity law. New Trustees are appointed by the Directors. 

## **MANAGEMENT STRUCTURE** 

The company was managed during the year by 4 employees and some freelancers: 

- Creative Director Julian Knight oversees the organisation’s strategy, partnerships, fundraising and finances. 

- Creative Producer Vanessa Stansall is focused on our larger early years programmes, and spent much of the year on Maternity Leave during which time her role was covered by two freelance producers. 

- Creative Producer Lori Gargani joined in March 2020 and manages the majority of other programmes. 

- Sabrina Scolaro occupies the new role of Creative Programmes Manager and supports across the organisation. 

Tasks undertaken by the management team include devising and planning new projects, fundraising, building partnerships with other charitable and educational organisations, managing and overseeing the delivery and monitoring of all projects including assessing 

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- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) 

## ANNUAL REPORT & ACCOUNTS, 2021 

their impact, budgeting and financial management, and organisational development. Trustees are updated regularly. 

Creative Futures’ programmes are delivered by experienced, DBS-checked artisteducators who are engaged on a freelance project-by-project basis. 

## **AMBASSADORS** 

Creative Futures has three high profile Ambassadors who have honorary role with the company: actor Riz Ahmed, novelist Joanne Harris MBE, and theatre director Matthew Xia. 

## **RESERVES POLICY** 

The Board of Trustees aims to build and maintain an unrestricted reserve equivalent to 6 months of core costs, to ensure that the charitable aims and administrative costs of the charity can be met on an ongoing basis. Despite the challenges of 2020-21, the target level of reserves continues to be met. 

## **DESIGNATED FUND** 

The Board of Trustees has created a Designated Fund from unrestricted reserves to provide seed funding for new ideas, new projects or pilot projects, especially acting as matched funding in cases where other funds have also been raised. Proposals for use of these funds are made to the Trustees by the Management Team at quarterly Board Meetings. Designated Funds in 2020-21 included the commissioning of 5 artists to conduct small-scale research initiatives of their own devising, called ‘Seeds Creative’. 

## **PUBLIC BENEFIT STATEMENT** 

The charity trustees have complied with their duty to have due regard to the guidance published by the Charity Commission including that on public benefit in exercising their powers or duties. 

## **RISKS POLICY** 

The Board of Trustees has a Risks Register which acknowledges potential risks, and outlines the Company's action to limit any contingent liabilities in order to minimize these risks. 

## **REVIEW OF ACTVITIES AND ACHIEVEMENTS** 

2020-21 has been a challenging year for the education, arts, and charity sectors due to the UK government’s coronavirus lockdown measures which have severely impacted the way in which we work, as well as our income from both contracts and grants. 

Despite the challenges, and reduced income, Creative Futures maintained all its core programmes, albeit delivered online rather than in person for much of the year; started a number of new contracts; and developed several new projects. 

The continuation of strong strategic partnerships such as with Paddington Development Trust, West London Zone and the Tri-Borough Music Hub has helped Creative Futures continue to deliver high quality projects with more than a thousand children, families and young people as well as growing its online audience. 

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- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) 

## ANNUAL REPORT & ACCOUNTS, 2021 

Our focus areas remain Early Years, Looked After Children and Special Educational Needs, and we have delivered programmes across all three of these areas. The majority of programmes, funding and participants are in the Early Years thus further strengthening Creative Futures’ reputation as a leader in the field of Early Years arts provision. 

## **Highlights of 2020-21** 

## **EARLY YEARS PROJECTS** 

Creative Futures is an established sector leader in Early Years music and arts delivery. Our carefully structured programmes, often with a research element, provide inspiring and developmentally beneficial music, movement, story-telling, and art activities to children in some of the most deprived parts of London and beyond. 

- ‘Building Strong Community Families’ started in December 2017, absorbing the Queen’s Park Families, Westbourne Families, and Baby and Me projects. It is a collaboration between Paddington Development Trust (PDT) and Creative Futures, with funds from **The National Lottery Community Fund** . The project involves 6 free drop-ins for parents and children under 4 years old taking place across the north Westminster wards of Queen’s Park, Westbourne, Harrow Road, Bayswater and Church Street every week, all year round. In April 2020 the project moved entirely online, providing well attended interactive sessions over Zoom. In brief moments of lockdown relaxation, some sessions resumed face-to-face. The project reached 500+ families during the year, providing fun, creative and stimulating activities for parents and children, as well as providing information and support for families from PDT Maternity Champions. 

- ‘London Rhymes’ was initiated by musician Rosie Adediran and is managed by Creative Futures. The current project, funded by the **National Foundation for Youth Music** with additional funds from **The National Lottery Community Fund** involves our musicians singing with families with children aged 0-3 years, and creating new songs with them about the joys and challenges of parenting. The project is currently delivered in partnership with a number of grassroots charities including Praxis (supporting refugees and asylum-seekers in east London), The Magpie Project (supporting mothers with young children who are homeless or in temporary accommodation), Cocoon (supporting mothers with post-natal depression) and at Homerton Hospital. A constant stream of new songs is created through the projects, recorded in the studio by our musicians, and released on Soundcloud and Spotify. Many have also been animated and appear on YouTube – some with over 150,000 views – extending the reach of these beautifully crafted and visually enticing songs to families who have not been a part of the projects. 

- ‘Sound Communities’, funded by the **Paul Hamlyn Foundation** with additional support from the **Ingles Family Trust** , collaborates with the Early Years nursery workforce to better understand how music can support children’s communication skills. It combines a course of 7 professional development sessions delivered over the course of the year, with some in-setting sessions co-delivered by our music leaders and participating teachers. The second cohort of teachers involved in the project, from 2019-2020 had an interrupted year due to lockdowns, and much of the programme was delivered online. Although still successful in many respects, we decided – with our funder’s generous support – to extend the programme by a year so that those teachers could complete the parts of the programme they had missed during 2020-21. The project is delivered with clusters of early years settings in areas of Essex, Luton, East Sussex and London. The groups have an ethos of reflection and practice sharing, with discussion about the practicalities of 

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- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) 

## ANNUAL REPORT & ACCOUNTS, 2021 

implementing music activities in their settings. A comprehensive online toolkit for the project, created in collaboration with The Communications Trust (part of ICAN), was launched in January 2020, and has been since updated. 

- ‘Sound Communities +’ is a bolt-on to the Sound Communities programme offering four of the participating London schools weekly in-setting sessions in which our music leaders offer hands-on mentoring, support, and modelling of activities in the nursery, working closely with the teachers. These add further depth to the teacher’s involvement with the monthly CPD sessions. The project is funded for two years by **John Lyon’s Charity** . The second year of this funding has been postponed to the 2021-22 school year in the hope that schools will be fully open then. 

- ‘Music at Heart’, funded by **BBC Children in Need** with additional funds from the **D’Oyly Carte Charitable Trust** , is a project with children aged 0-9 years who are in-patients or visiting A&E at the Royal London Hospital. Most of the children involved are under 5 years or age, and many have life-limiting conditions. The project usually involves weekly sessions led by two specially trained musicians with groups of patients waiting for treatment, as well as at the bedsides of others. This year, however, without access to the hospital, we created a wealth of online material for children in the hospital to access if they are able, as well as a few interactive sessions online every month. We also finished creating a CD and booklet of ‘The Firebird’ – the story of a magical being created by the children with our artists in a day-long Installation in the hospital’s Healing Space in February 2020. 

- Sound & Symbol is a new project in collaboration with two departments at the UCL Institute of Education to research the impact of specific music activities on children’s communication and language development. New funding for the project, which starts in the summer 2021, has been awarded from the **Garfield Weston Foundation** and **National Foundation for Youth Music** and the project will be fully reported on in 2022. 

- Projects with Music Education Hubs: We continue to be an active member of the **Tri-Borough Music Hub’s** ‘Tri-Music Together’ early years consortium initiative. ‘EYFS Acoustic Futures’ with **Community Music Service** (Barking and Dagenham’s Music Education Hub) came to an end in the summer 2020 after completing its delivery online. We also provided **Newham Music** with early years professional development and support. 

- Other Centres: We deliver weekly music and movement sessions at a Children’s Centre in **Hackney** , especially focussed on engaging ‘hard to reach’ families and supporting early parent-child bonding. These sessions ceased initially during lockdown but resumed later in the year online. We also continue to deliver occasional music and movement sessions for parents and children aged 0-2 years in partnership with **Kew Gardens** . A new contract started with **Rosemary Works** nursery settings in Hackney, where we now deliver weekly music sessions. 

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- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) 

## ANNUAL REPORT & ACCOUNTS, 2021 

## **LOOKED AFTER CHILDREN AND YOUNG PEOPLE** 

Creative Futures continued to work with Looked After young people and started new projects with care leavers and young people at risk of exploitation. 

- Creative Futures supported Looked After Young People in Hounslow throughout the first lockdown with weekly art and music sessions. The art sessions in particular took a new turn, focussing on the young people’s mental health, whilst the music sessions explored technology to create music together online. These months saw the conclusion of the funding from the **Andrew Lloyd Webber Foundation** and a contract with the local authority, which, due to funding restrictions, ceased in August 2020. 

- We developed a new partnership with **AccessHE** (part of London Higher) to work with Looked After young people and those leaving care, to encourage pathways into higher education. The pilot film-making project, Future Focus, started in March 2021 is led by one of our Trustees, experienced facilitator Maxwell Golden. 

- We successfully delivered a number of online drama therapy programmes with young people at risk of criminal and sexual exploitation as part of a project called ‘PEACE’ in Hounslow, funded by the local authority. 

## **PROJECTS WITH CHILDREN WITH SPECIAL EDUCATIONAL NEEDS** 

Creative Futures is pleased to have continued to work with deaf and hearing-impaired children during the year. 

- ‘Sounding Out’ is our flagship music programme for deaf children. In April 2019 it started a new phase in two primary schools with specialist deaf units, both schools we had previously worked in: Selwyn Primary School (Newham) and Laycock Primary School (Islington). The programme is funded by the **National Foundation for Youth Music** and additional funds from **The Radcliffe Trust, Clifford Chance Foundation** and **Rathbone Foundation.** Weekly music sessions with small groups of pupils aged 4-9 years focus on singing, vocalisation, playing instruments, improvisation and composition. During lockdowns, live online sessions were not possible so the music leaders created video content, as well as completing further material for - and a redesign of - the existing online Toolkit for teachers of the deaf. When in school, the lead musicians have been joined by a trainee music leader, to build the skills amongst the workforce. Our research partners at the UCL Institute of Education have been assisting with the evaluation of the project’s impact from a musical development perspective. We are delighted the project has received further funding from the **Foyle Foundation** to enable it to continue until at least the summer of 2022. 

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- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) 

## ANNUAL REPORT & ACCOUNTS, 2021 

## **PRIMARY PROGRAMMES** 

Creative Futures has continued its delivery partner status with the third sector organisation **West London Zone** , although all projects ceased during this period due to the governments lockdown policy. We look forward to working strategically with WLZ to support children’s return to education, and repair the damage to their mental health and well-being, in coming years. We will also be delivering our first **Creative Club** in May 2021, funded by **John Lyon’s Charity** , a project delayed numerous times due to lockdowns. 

## **REPORTS** 

Many of the programmes mentioned above have detailed reports which are published on our website: www.creativefuturesuk.com 

## **PARTNERSHIPS** 

We have strengthened core strategic partnerships with **UCL** , especially with Professor Welch and his team at the Institute of Education with whom we are collaborating on a number of separate strands of work either in delivery, or in development. We are also privileged to be discussing potential and ongoing collaborations with researchers from other universities in the UK and several in the USA. 

Our partnership with **Paddington Development Trust** has strengthened considerably, and together we are now supporting hundreds of vulnerable families in north Westminster. 

Creative Futures is excited to be developing partnerships with early years music specialists across England’s regions in order to support the Early Years sector more widely. 

## **STRATEGIC OBJECTIVES** 

Our values and strategic objectives for 2020-24 remain unchanged. 

## **VALUES** 

- _**C** hild-led_ – putting the child or young person at the centre of our work, from devising and planning through delivery to evaluation. 

- _**H** igh quality_ – our programmes are shaped and led by experienced, reflective artists and producers drawing on research and our own learning. 

- _**I** nspiring_ – we aim for every project we deliver to be outstanding, meaningful and memorable for all the children, young people, families and professionals involved. 

- • _**L** ocally-driven_ – ensuring that every project is driven by the specific needs and strengths of its local community; and finding new ways of embedding the arts at the heart of every child’s experience. 

- _**D** emocratic_ – aspiring to be a culturally democratic organisation where our community of artists and participants shape our work together and are all treated ethically, fairly, equally and respectfully. 

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- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) 

## ANNUAL REPORT & ACCOUNTS, 2021 

## **OBJECTIVES** 

- Grow Creative Futures’ brand, reputation and influence in the sector to become a market leader 

- Grow the reach and scale of our programmes 

- Create an effective and happy working community 

- Create a strong partner community that is engaged with our programmes 

- Deliver excellent programmes that make a positive difference to the lives of children and young people 

- Be a sustainable charity 

Our strategic aims for 2020-24 remain as before, and the Trustees agreed that we remain committed to our 3 core focus areas of Early Years, Looked After Children and Young People, and children with Special Educational Needs and Disabilities. We will explore the expansion of our geographic reach through some specific programmes and partnerships, and through partnerships with other Early Years organisations. 

## **FUNDERS** 

Funders of our work include local authorities, schools, independent trusts and foundations, and individuals. We are very grateful to all those that have supported our work, on whatever scale: without these contributions we would not be able to deliver our inspiring projects to those children who value them. In addition to the funders mentioned above, we would like to also thank the **Sylvia Adams Charitable Trust** , the **CAST Explore Programme** , and **SEMPRE** . 

## **COVID-19** 

Although we are pleased to have sustained many programmes digitally, thus continuing to engage with some of our existing participants as well as new ones, we remain hugely concerned about the impact of the government’s lockdown measures on all children, families and young people, especially the most vulnerable, and on the community of freelance artist educators who dedicate their working lives to delivering high quality programmes with us and other similar organisations. We have supported our family of artists where we can, commissioning online work and research projects, and sign-posting them to opportunities and support. But this sector is significantly at risk. 

We have been pleased that our funders have presented a unified response, urging funded organisations to continue supporting their freelancers by paying for scheduled activity during the first lockdown, and offering flexibility on outputs and reporting. However, the longer-term outlook will be more difficult. 

We are continuing to monitor the situation regularly in order to be prepared for a resumption of normal activity should restrictions cease, whilst also planning for further periods of online-only delivery. In the meantime, our main concern is to ensure that our workforce – both employed and freelance – is adequately supported, and that participants in our programmes have as much opportunity as possible to engage with the programmes we deliver for them which make such a difference to their lives. 

## **FUTURE PLANS AND DEVELOPMENT** 

Collaboration remains key to our development and business growth strategy, and we will continue to invest in existing and new strategic partnerships. We will also invest in our network of artists, continually reflecting and learning together from the work we have delivered in order to improve the quality and reach of our programmes, support the children and families we work with and want to work with, and grow our organisation and brand. 

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- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) 

## ANNUAL REPORT & ACCOUNTS, 2021 

## **STATEMENT OF TRUSTEES' (DIRECTORS') RESPONSIBILITIES** 

Company law requires the directors, who serve as trustees for the purposes of charity law, to prepare Financial Statements for each financial year, which give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing those Financial Statements, the directors are required to:- 

- select suitable accounting policies and then apply them consistently; 

- make judgements and estimates that are reasonable and prudent; 

- state whether the Financial Reporting Standard for Smaller Entities has been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the Accounts on a going concern basis unless it is inappropriate to presume that the company will continue in business. 

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable him to ensure that the accounts comply with the Companies Act 2006.  They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Directors’ Report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. 

By Order of the Board 


Karen Price **Chair** 29.06.2021 

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- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) 

## ANNUAL REPORT & ACCOUNTS, 2021 

## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CREATIVE FUTURES (UK) LIMITED** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021. 

## **Responsibilities and basis of report** 

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 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 your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. 

## **Independent examiner’s statement** 

Since the Company’s gross income exceeded £250,000, I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. 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 fair view which is not a matter considered as part of an independent examination; or 

4. the 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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 


**Anthony Epton BA, FCA, CTA, FCIE Goldwins Chartered Accountants, 75 Maygrove Road, West Hampstead, London NW6 2EG** Date: 06/07/2021 

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## **Creative Futures (UK) Limited Statement of financial activities** 

(incorporating an income and expenditure account) 

## **For the year ended 31 March 2021** 

|**Note**<br>**Income from:**<br>Donations<br>**3**<br>Charitable activities:<br>**4**<br>Grants<br>Schools and local authorities<br>Other income<br>Investment income<br>**5**<br>**Total income**<br>**Expenditure on:**<br>Charitable activities<br>**6**<br>**Total expenditure**<br>Net gains / (losses) on investments<br>**7**<br>Transfers between funds<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>**Total funds carried forward**<br>**Net (expenditure) for the year**<br>**Net (expenditure) before net gains / (losses)**<br>**on investments**|**Unrestricted**<br>**funds**<br>**£**<br>7,384<br>14,000<br>47,044<br>8,099<br>804<br>**77,331**<br>87,733<br>**87,733**<br>**-**<br>**(10,402)**<br>(1,506)<br>(11,908)<br>83,525<br>**71,617**<br>(10,402)|**Restricted**<br>**funds**<br>**£**<br>12,951<br>104,142<br>93,519<br>-<br>-<br>**210,612**<br>212,596<br>**212,596**<br>**-**<br>**(1,984)**<br>1,506<br>(478)<br>124,042<br>**123,564**<br>(1,984)|**2021**<br>**Total**<br>**funds**<br>**£**<br>**20,335**<br>**118,142**<br>**140,563**<br>**8,099**<br>**804**<br>**287,943**<br>**300,329**<br>**300,329**<br>**-**<br>**(12,386)**<br>**-**<br>**(12,386)**<br>**207,567**<br>**195,181**<br>**(12,386)**|2020<br>Total<br>funds<br>£<br>565<br>235,567<br>166,540<br>-<br>1,495|
|---|---|---|---|---|
|||||404,167|
|||||419,887|
|||||419,887|
|||||**-**<br>(15,720)|
|||||(15,720)<br>**-**|
|||||(15,720)<br>223,287|
|||||207,567|



All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements. 

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## **Creative Futures (UK) Limited Balance sheet As at 31 March 2021** 

|**Note**<br>**Fixed assets:**<br>**10**<br>**Current assets:**<br>**11**<br>**Liabilities:**<br>**12**<br>**14**<br>Total unrestricted funds<br>**Funds**<br>General funds<br>**Total funds**<br>Unrestricted funds:<br>Designated funds<br>Restricted funds<br>**Total net assets**<br>Tangible assets<br>Debtors<br>Cash at bank and in hand<br>Creditors: amounts falling due within one year<br>**Net current assets**|**2021**<br>**£**<br>**1,740**<br>**193,355**|**2021**<br>2020<br>**£**<br>£<br>**1,736**<br>31,750<br>206,697<br>238,447<br>33,050<br>**193,445**<br>**195,181**<br>**123,564**<br>7,518<br>76,007<br>**71,617**<br>**195,181**|2020<br>£<br>2,170<br>205,397|
|---|---|---|---|
||**195,095**<br>**1,650**|||
||**7,518**<br>**64,099**|||
||||207,567|
||||124,042<br>83,525|
|||||
||||207,567|



The Charity's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The Trustees consider that the Charity is entitled to exemption from the requirement to have an audit under the provision of section 477 of the Companies Act 2006("the Act") and members have not required the Charity to obtain an audit for the year in question in accordance with section 476 of the act. The Trustee acknowledge their responsibilities for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. 

29/06/2021. 

and signed on their behalf by: 

**Matthew Brookes Treasurer** 

## **Company registration no. 07578987** 

The attached notes form part of the financial statements. 

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## **Creative Futures (UK) Limited Notes to the financial statements** 

## **For the year ended 31 March 2021** 

- **1 Accounting policies** 

## **a) 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015) - (Charities SORP FRS 102) and the Companies Act 2006. 

The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. 

## **b) Going concern** 

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. 

## **c) Income** 

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. 

Income from government and other grants, whether grants or grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met. 

## **d) Interest receivable** 

- Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. 

## **e) Fund accounting** 

- Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the work or for specific projects being undertaken by the charity. 

## **f) Expenditure** 

- Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. 

## **g) Allocation of support costs** 

- Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. 

## **h) Tangible fixed assets** 

- Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows: 

- ˜ Equipment 20% Reducing Balance 

## **i) Debtors** 

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## **j) Cash at bank and in hand** 

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## **k) Creditors and provisions** 

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

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## **Creative Futures (UK) Limited Notes to the financial statements For the year ended 31 March 2020** 

## **2 Detailed comparatives for the statement of financial activities** 

|**Income from:**<br>Donations<br>Charitable activities:<br>Grants<br>Schools and local authorities<br>Investments<br>**Total income**<br>**Expenditure on:**<br>Charitable activities<br>**Total expenditure**<br>Transfers between funds<br>**Net income / (expenditure)**<br>Total funds brought forward<br>**Total funds carried forward**<br>**3**<br>**Income from donations and legacies**<br>Donations<br>**4**<br>**Income from charitable activities**<br>Grants<br>Schools and local authorities<br>**Total income from charitable activities**<br>**5**<br>**Income from investments**<br>Bank interest<br>**Net income / expenditure before gains /**<br>**(losses) on investments**|Unrestricted<br>funds<br>£<br>7,384<br>7,384<br>Unrestricted<br>funds<br>£<br>14,000<br>47,044<br>61,044<br>Unrestricted<br>funds<br>£<br>804<br>804|2020<br>Unrestricted<br>funds<br>£<br>5<br>6,000<br>30,656<br>1,495<br>38,156<br>59,826<br>59,826<br>(21,670)<br>(7,095)<br>(28,765)<br>112,290<br>83,525<br>Restricted<br>funds<br>£<br>12,951<br>12,951<br>Restricted<br>funds<br>£<br>104,142<br>93,519<br>197,661<br>Restricted<br>funds<br>£<br>-<br>-|2020<br>Restricted<br>funds<br>£<br>560<br>229,567<br>135,884<br>-<br>366,011<br>360,061<br>360,061<br>5,950<br>7,095<br>13,045<br>110,997<br>124,042<br>**2021**<br>**Total**<br>**funds**<br>**£**<br>**20,335**<br>**20,335**<br>**2021**<br>**Total**<br>**funds**<br>**£**<br>**118,142**<br>**140,563**<br>**258,705**<br>**2021**<br>**Total**<br>**funds**<br>**£**<br>**804**<br>**804**|2020<br>Total<br>funds<br>£<br>565<br>235,567<br>166,540<br>1,495|
|---|---|---|---|---|
|||||404,167|
|||||419,887|
|||||419,887|
|||||(15,720)<br>**-**|
|||||(15,720)<br>223,287|
|||||207,567|
|||||2020<br>Total<br>funds<br>£<br>565|
|||||565|
|||||2020<br>Total<br>funds<br>£<br>235,567<br>166,540|
|||||402,107|
|||||2020<br>Total<br>funds<br>£<br>1,495|
|||||1,495|



14 



**Creative Futures (UK) Limited Notes to the financial statements For the year ended 31 March 2021** 

## **6 (a) Analysis of expenditure** 

|Staff costs<br>Musicians and Practitioners to deliver workshops<br>Management of projects<br>Research fees<br>Staff training<br>Rent and rates<br>Insurance<br>Telephone and internet<br>Printing, postage and stationery<br>Independent examination fees<br>Computer costs<br>Professional fees<br>Sundry<br>Depreciation<br>Support costs<br>**Total expenditure 2021**<br>Total expenditure 2020||Charitable|Charitable|Support<br>costs<br>£||**2021**<br>**Total**<br>**£**||2020|
|---|---|---|---|---|---|---|---|---|
||||activities<br>£|||||Total|
|||||||||£|
||||141,054<br>108,417<br>21,681<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|-<br>-<br>-<br>9,500<br>580<br>6,378<br>1,836<br>2,351<br>126<br>1,725<br>2,094<br>4,093<br>60<br>434<br>29,177<br>(29,177)<br>**-**<br>-|**141,054**<br>**108,417**<br>**21,681**<br>**9,500**<br>**580**<br>**6,378**<br>**1,836**<br>**2,351**<br>**126**<br>**1,725**<br>**2,094**<br>**4,093**<br>**60**<br>**434**<br>**300,329**<br>-<br>**300,329**<br>419,887||139,221<br>197,425<br>35,677<br>12,333<br>1,809<br>7,117<br>1,766<br>1,199<br>1,439<br>1,950<br>2,866<br>15,407<br>1,135<br>543||
||||271,152<br>29,177||||419,887||
||||**300,329**||||||
||||||||||
||||419,887||||||



Of the total expenditure, £87,733 was unrestricted (2020: £59,826) and £212,596 was restricted (2020: £360,061). 

- 6 (b) Analysis of expenditure- prior year 

|Staff costs<br>Musicians and Practitioners to deliver workshops<br>Management of projects<br>Research fees<br>Staff training<br>Rent and rates<br>Insurance<br>Telephone and internet<br>Printing, postage and stationery<br>Independent examination fees<br>Computer costs<br>Professional fees<br>Sundry<br>Depreciation<br>Support costs<br>Total expenditure 2020<br>Total expenditure 2019||Charitable|Charitable||Support||2020<br>Total<br>£||2019|
|---|---|---|---|---|---|---|---|---|---|
||||activities<br>£||costs<br>£||||Total|
||||||||||£|
||||139,221<br>197,425<br>35,677<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|||139,221<br>197,425<br>35,677<br>12,333<br>1,809<br>7,117<br>1,766<br>1,199<br>1,439<br>1,950<br>2,866<br>15,407<br>1,135<br>543<br>419,887<br>-<br>419,887<br>356,598||110,182<br>170,146<br>34,045<br>26,338<br>1,437<br>5,656<br>1,131<br>1,518<br>704<br>1,050<br>1,413<br>2,008<br>292<br>678||
||||372,323<br>47,564|||||356,598||
||||419,888|||||||
|||||||||||
||||356,598|||||||



Of the total expenditure, £59,826 was unrestricted (2019: £15,875) and £360,061 was restricted (2019: £340,723). 

15 



## **Creative Futures (UK) Limited Notes to the financial statements For the year ended 31 March 2021** 

## **7 Net income / (expenditure) for the year** 

|This is stated after charging / (crediting):<br>Depreciation<br>Independent examiner's fees|**2021**<br>**£**<br>**434**<br>**1,650**|2020<br>£<br>543<br>1,575|
|---|---|---|



**8 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel** 

|Staff costs were as follows:<br>Salaries and wages<br>Social security costs<br>Other staff costs|**2021**<br>**£**<br>**132,481**<br>**7,810**<br>**763**<br>**-**|2020<br>£<br>128,097<br>9,007<br>1,408<br>709|
|---|---|---|
||**141,054**|139,221|



The total employee benefits including pension contributions of the key management personnel were £47,879 (2020: £50,214). 

One charity Trustee, Maxwell Golden, has been contracted to deliver a project for the charity, and paid as a freelance artistpractitioner for his work on the project at the usual practitioner rate. No other charity trustees were paid or received any other benefits from employment with the charity in the year (2020: £nil) neither were they reimbursed expenses during the year (2020: £nil). 

## **Staff numbers** 

The average number of employees (head count based on number of staff employed) during the year was as follows: 

|Charitable activities<br>Governance|**2021**<br>**No.**<br>**5**<br>**1**|2020<br>No.<br>6<br>1|
|---|---|---|
||**6**|7|



- **9 Taxation** 

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. 

- **10 Tangible fixed assets** 

|**Cost**<br>At the start of the year<br>Additions in year<br>Disposals in year<br>At the end of the year<br>**Depreciation**<br>At the start of the year<br>Charge for the year<br>Eliminated on disposal<br>At the end of the year<br>**Net book value**<br>**At the end of the year**<br>At the start of the year|£<br>5,677<br>-<br>-<br>Equipment|**Total**<br>**£**<br>**5,677**<br>**-**<br>**-**|
|---|---|---|
||5,677|**5,677**|
||3,507<br>434<br>-|**3,507**<br>**434**<br>**-**|
||3,941|**3,941**|
||**1,736**|**1,736**|
||2,170|2,170|



16 



## **Creative Futures (UK) Limited Notes to the financial statements For the year ended 31 March 2021** 

## **11 Debtors** 

|**11**<br>**Debtors**|||
|---|---|---|
|Other debtors<br>**12**<br>**Creditors: amounts falling due within one year**<br>Accruals<br>Deferred income<br>**Deferred income**<br>Balance  at the beginning of the year<br>Amount released to income in the year<br>Amount deferred in the year<br>Balance at the end of the year|**2021**<br>**£**<br>**1,740**|2020<br>£<br>31,750|
||**1,740**|31,750|
||**2021**<br>**£**<br>**1,650**<br>**-**|2020<br>£<br>1,500<br>31,550|
||**1,650**|33,050|
||**2021**<br>**£**<br>**31,550**<br>**(31,550)**<br>**-**|2020<br>£<br>**-**<br>**-**<br>**31,550**|
||**-**|31,550|



Deferred income represents grants received for the purpose of expenditure in a future period. 

## **13 Analysis of net assets between funds** 

|Tangible fixed assets<br>Net current assets<br>**Net assets at the end of the year**<br>Analysis of net assets between funds- prior year<br>Tangible fixed assets<br>Net current assets<br>Net assets at the end of the year|Unrestricted<br>funds<br>£<br>1,736<br>62,363|Designated<br>funds<br>£<br>-<br>7,518|Restricted<br>funds<br>£<br>-<br>123,564|**Total**<br>**funds**<br>**£**<br>**1,736**<br>**193,445**|
|---|---|---|---|---|
||**64,099**|**7,518**|**123,564**|**195,181**|
||Unrestricted<br>funds<br>£<br>2,170<br>73,837|Designated<br>funds<br>£<br>-<br>7,518|Restricted<br>funds<br>£<br>-<br>124,042|Total<br>funds<br>£<br>2,170<br>205,397|
||76,007|7,518|124,042|207,567|



17 



## **Creative Futures (UK) Limited Notes to the financial statements For the year ended 31 March 2021** 

|**14 (a) Movements in funds**<br>**Restricted funds:**<br>Building Strong Community Families<br>Creative Clubs<br>Looked After Children<br>Future Focus - AccessHE<br>EYFS Acoustic Futures<br>Sounding OUT II<br>London Rhymes<br>Sound Communities<br>Sound Communities plus<br>Early Years Literature review<br>Early Years Ambition<br>LENA: Music in the home Research<br>Music at HEART,at the Royal London Hospital<br>**Total restricted funds**<br>**Unrestricted funds:**<br>Designated funds<br>General funds<br>**Total unrestricted funds**<br>**14 (b)** Movements in funds- prior year<br>Restricted funds:<br>London Rhymes (2019)<br>Building Strong Community Families<br>Music For Change(II)<br>Baby & Me<br>EYFS Acoustic Futures<br>Sounding OUT II<br>London Rhymes<br>Sound Communities<br>Sound Communities plus<br>Early Years Literature review<br>London Rhymes You Tube Channel<br>West London Zone<br>Music at HEART,at the Royal London Hospital<br>Total restricted funds<br>Unrestricted funds:<br>Designated funds<br>General funds<br>Total unrestricted funds|£<br>6,069<br>-<br>22,643<br>-<br>1,709<br>13,655<br>27,894<br>33,019<br>9,205<br>422<br>-<br>-<br>9,426<br>At the start of<br>the year|£<br>74,978<br>4,000<br>-<br>6,750<br>7,980<br>12,950<br>31,594<br>40,300<br>-<br>-<br>-<br>3,000<br>29,060<br>Incoming<br>resources &<br>gains|£<br>65,450<br>300<br>22,035<br>710<br>9,174<br>19,398<br>27,138<br>41,996<br>10,347<br>794<br>600<br>72<br>14,582<br>Outgoing<br>resources &<br>losses|Transfers<br>£<br>-<br>-<br>(608)<br>-<br>-<br>-<br>-<br>-<br>1,142<br>372<br>600<br>-|**£**<br>**15,597**<br>**3,700**<br>**-**<br>**6,040**<br>**515**<br>**7,207**<br>**32,350**<br>**31,323**<br>**-**<br>**-**<br>**-**<br>**2,928**<br>**23,904**<br>**At the end**<br>**of the year**|
|---|---|---|---|---|---|
||**124,042**|**210,612**|**212,596**|**1,506**|**123,564**|
||7,518<br>76,007|-<br>77,331|-<br>87,733|-<br>(1,506)|**7,518**<br>**64,099**|
||**83,525**|**77,331**|**300,329**|**(1,506)**|**71,617**|
||£<br>1,100<br>10,001<br>1,625<br>(4,766)<br>-<br>-<br>-<br>46,166<br>-<br>-<br>(2,198)<br>10,603<br>18,335<br>At the start of<br>the year|£<br>12,045<br>47,510<br>-<br>-<br>11,970<br>31,845<br>36,174<br>80,480<br>31,000<br>1,242<br>1,944<br>50,410<br>26,391<br>Incoming<br>resources &<br>gains|£<br>13,037<br>51,442<br>1,600<br>-<br>10,261<br>18,190<br>8,280<br>93,627<br>21,795<br>820<br>2,228<br>60,993<br>35,300<br>Outgoing<br>resources &<br>losses|Transfers<br>£<br>(108)<br>(25)<br>4,766<br>-<br>-<br>-<br>-<br>-<br>2,482<br>(20)|£<br>-<br>6,069<br>-<br>-<br>1,709<br>13,655<br>27,894<br>33,019<br>9,205<br>422<br>-<br>-<br>9,426<br>At the end<br>of the year|
||110,997|366,011|360,061|7,095|124,042|
||5,000<br>107,290|-<br>38,156|-<br>59,826|2,518<br>(9,613)|7,518<br>76,007|
||112,290|38,156|59,826|(7,095)|83,525|



## **15 Legal status of the charity** 

The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up. 

## **16 Related party transactions** 

Other than what has been disclosed in note 8, there are no related party transactions (2020: none). 

18