creative tutures Company No: Q7578987 Reglstered Charlty No. 1143459 CREATIVE FUTURES (UK) LIMITED A COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Transfomiational experiences through the arts
CREATIVE FUTURES UK LIMITED- A COMPANY LIMITED BY G ANNUAL REPORT & ACCOUNTS 2023 PORT AND FINANCINL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NDE C(Impany infomation Report of the direc Independent 8xamln¥s r8FM)rt 10 Statement of finandal ac*viiles 11 Balance sheet 12 Accounting policies 13 Notes to the financial stalements 14-18
CREATIVE FUTURES UK LIMITED- OMPANY LIMITED BY GUARANTEE ANNUAL REPORT & ACC UNT COMPANY NUMBER 07578987 CHARITY NUMBER 1143459 DIRECTORSrniUSTEES Marcia Bennie Matthew Brookes - Flnance tlr8ctor Maxwell Golden {regned 2410112023) Paul Hayday Marcus James- Appointed Chair 2610412022 Karen Price- Resigned as Chair 2610412022 REGISTERED OFFICE Office 9a, The Beethoven Cent Third Avenue Lorth) W10 4JL CHARITY ADDRESS Office 98, The 8eelhoven Centre Third Avenue L(x)don W104JL INDEPENDENT EXAMINER . cln$ Limited. Chartered Acuntant 75 Maygrove Road, West Hampstead, NW6 2 EG
ATIVE FUTURES UK LIMITED- A COMPANY LIMtrED BY GUARANTEE AL REPORT &ACCOUNTS 2023 The diredors pre58nl their rerth and the financial statements for the year end 31 Marth 2023. MISSION STATEMENT CrealNe Futures offers transfn8bve 8xperien¢es through the arts to children, your people and families, espeaalty those disadvantaged bathgrounds. OBJECTIVES OF THE CHARfTY To advance the education and tr8ining (rf thildr8n and young peopl8. in particular but not exckjsivety thc>Se wlth sp8cial educational needs, and their teachers through imaginative and Fry894ve artS-ba8ed pr(4ads whid) stimulats learni and development, To promote and Fyotect good heallh by dellvering arts prolecls for those who are Sla1[Y and 8conCl1IY disadvanlaged. In partlculaT bul not exduslvely older people. th8 homaless (Y those living 1th long terrn mental or physiGqI h8alth issue$, In order to rniS8 $8lf-8Steem. im[ve qualty of life and engage thom with wider society. To advance the arts generafty, in particular but rt exduslvely to advan musical education for people of all ages: and To eonducl or commission research to tter underst8TrJ s1C needs In the fl8ld of education 8n(i to publish the useful results. LEGAL STATUS & TAX STATUS Th6 charitabb company is a private CcKnpany Limtled by Guarantee governed by its MemorarKJum and Articles of Assoc4ation. As a Regislered Charity in the UK it is exernpt from UK Corporatlon Tax as all Income Is applied for charitabl8 purposes. ORGANISATIONAL STRUCTURE The Trustees ad as Ehredors for Ihe purposes of company law and as trustses for the purposes of charrty law. New Trustees are appointed by the Directors. MANAGEMEpif STRUCTURE The company was managad during the year by 4 emptoyees and some freelancers: Creative Director Julian Knight oversees Ihe ganIsati,8 strategy, partnerships, fundraising and finances. Creative Produc8r Vanessa Stansall woduces the large-scale earty yèars programmes. Creattve Producer L<1 Garganl manages a number of pr(3rammes. Sabrina Scdaro occupies the role of Cr88live Programmes Manager and supports across the ganIsatI(l.
CREATIVE FUTURES UK LIMffED- A COMPANY LIMITED BY GUARANTEE ANNUAL REPORT & ACCOUNTS 2023 Tasks undertaken by the rnanagernent team indude devising and planning new projects. furKlraising. buildiry partnerships with other charitsble and eduGattonal organisations. managing and overseeing the deltvery and monit(ffing of all projects induding assessing their impact. budgeting and financial management. and LganIsat1nal development. Trustees are UFxlated regulatty. Creative Futures. programmes are delivered by experienced. DBS<hecked artist- educators are erwJaged on a freelance proied-byyciect basis. RESERVES POUCY The Board of Trustees aims io lkI arKI maintain an unrestriclod reserve equNalent to 6 months of core costs, to ensure th* the charitable aims and administralive costs of tho charity Gan b8 met on an ongoing basis. This target Ve1 of reserves continuas to bè mal. DESIGNATED FUPKI The Board of Tfustees agreed on 281022 to ellmlnate the 08signat8d Fund and roll any funds ramalnlng In It bad( tnto general Unreslricted Funds. PUBLIC BENEFrr STATEMENT The tharity IN8te88 eomplled th thelr duty to have duè regard to the guidart published by the Chanty Commission induding that cffl public benefit in exercising their powers or dutie5. RISKS POLICY The 808rd ol Trustees has a Rlsks Reglster 1th 8cknowledg8s potential riskg and outllnes the Company's acllon to limli any contiTh3ent lIabltIeS in order to mlnlmlze these REVIEW OF ACTVMES AND ACHIEVEMENT8 2022-23 saw the end of a number of tong4erm funding cydes. and the start of a period of project redevelopm8nt. For Ihis reason. tumover was down from the previous year. yel Creat8 Futures has )rrtInu0d to deliver hlgh qualty projècts impacting more than 2.5CO children, families and youry people and has signfficantly grown its online presence. Our focus areas remain eaty years and familes. care experienced chiklren and young people, and Ghildren with speo81 edU¢2tila1 needs. We have delivered programmes across all three of these areas 8s well as in mainstream primary sthools. The majority of programmes, funding and partiC4pants are in the eaty years (Ghildfen aged 0-5) bracket thus further strerFgihening Creative Futures, reputation as a leader in the field of earfy years arts provision.
CREATIVE FUTURES UK LIMITED- A COMPANY LIMITED BY GUARANTEE ANN AL REPORT & ACCOUNTS 202 Actlvlty durlng 2022-23 EARLY YEARS PROJECTS CreatlV8 Futures is an established sector lea(ler in earfy years music and arts delivery. Our carefulty structur8d pr(wJrammes, (rften a resear( ebement, provide inspiring and developmentally benefiaal music, movement, stOry4elling, and art activities to children in some of thè most deprived parts of London and beyond. 'Building Strong Communty Families. Wan a new phase in April 2022 following the conclusion of the 4-year funding which our partner Pwjdgton Development Trust IPDTI vrds avmrded trTr Tho Natlonal Lottory Community Fund. Subsequently, Creatsve Futures received lunding from the Clty of Westminster'g Communlty Prloritlo• Prografflrno and the Pt¢Od0 Socloty Trust to continue the project. particularly the addition of 2 new 'Nurture Group, sessions each week for vulnerable famili8s referred to the wcyed by partiapating Family Centres and their partners. These Nurture Groups have been highly suSsful in supporting families, building their c#ftlence to then join one of our other 5 music drop-in 86ssions every week. Community Families supp)rts 450+ families every year in northwest Westminster. one of the most deprivèd areas in London. provSding fvn, eative and stimulating activities for parents and children, infonnation and support from PDT'S Maternity Champions, and thus reduc4ng isolation, tK)Istering wellbelng, and supporting aspects of eaty childhood development. Further funding was awarded for the prc¥e¢t in 2023 by Th¢ W•¥tmln¥ter Foundatlon and the Young W••tmln•tsr Foundatlon's Brtghtsr Futur• Fund. 'London Rhymes, is dellvered in partrshIp vath Ro8le Adediran, its music leader and initiator. During 2022-23 we received no grant funding, but instead were fvnded by the East London Foundalion NHS Trust to delrver 30 London Rhyrnes sessions with mothers and babies al Homerton Hospital's perinatal outpatient unit. We We also fundèd by The Magpie Proièrt a ¢haTTty in Newham supporting homeless mothers and their children, to continue d81iv8ring the WO18Ct with them. London Rhymes is delivered by pairs of musioans vtho lead singing and song- writing activities with famili8S With children aged 04 years. creating new songs together al)oul the joys and challenges of parenting. A constant stream of n8W songs is ceated through the projects. reccKded by musicians, and released on Soundcloud and Spotify. Many have aL80 b8en animated and appear on YouTube - some Vth over 200.000 views - extefNJing the reach of these beautifully crafted and visually enticing songs to families vkno have not been a part of the projects. 'Sound Communities, and 'Sound Communth'es *' concluded their fiTSt phase. funded by the Paul Hamtyn Foundatio John Lyon'g Charity and additsonal 8UPPOrt from the Inglos Famlty Trust, in the summer 2022. Over its four years. this earfy years workforce developmenl programm8 to prornote an understanding of how music can support children's communication 5ki115 reached 137 Early Years Professionals from 88 diffenI settings in London. East Sussex, Bedfordshire and Essex. The programme ss delivered through a combination of F¢ofèssional development sessions (in local groups) and in-setting workshops co4elivered by our music leaders and participats'ng teachers. Each group has an ethos of reflection and practice sharing. wth ijiscussion about kne praclicalrties of implementing music activities in their settings. A comprehensive [lIne toolkit for the F018Ct, crealed in Illaboration The Communications Trust (part of ICNb4), was launched in January 2020 and wntinues to supwt teachers. A new &year phase of the project. funded by National Foundation for Youth Ilusic and John Lyon,
CREATIVE FUTURES UK LIMITED- A COMPANY LIMITED BY GUARANTEE ANN AL REPORT & ACCOUN Charity began delN8ry in September 2022 and Is supporting 10 voluntary seLXor nursery settings in the London B<xough of Brent eath year. 'Music at Heart, ban its second phase vath some remaining fufKls fr(n BBC Childr•n in Nood and further funding from the C•ntral and North West London NHS, Garfleld Weston Foundatlon and London HQ Communlty Fund. DelNered in partnership with the perinatal mentsl health unit at St. Mary's Hospitsl in north Westrninster. Music at Heart 111) is a therapeulic singing programm8 delivered by N¥0 specialist musicians in 10112-week batches lo support mothers with aojte mental health conditions and their batxes. As the project is delivered in the same net9hb0urhoj as Communty Families, we are creating a 'Musical Care Pathway, to support mothers with mental health conditions through the specialist support given al Music at Heat to our Nurtur8 Groups, and on the open-aG¢es$ dropin sessions. 'Sound & Syrntl,, a (x)Ilaboration ilh two departments at the UCL Instttute of Educatlon to explore the impact of specfft muslc advlties on chlldren's ojmmunication and Lqnguage development and engagement with tooks, nduded in the summer 2022. It was funded by the Garfleld Wèston Foundatlon and Natlonal Foundatlon for Youth Musle and th8 Monday Charltablè Trust Iwa UCL). Sound & SyTnbd was delivered in partnership the London Eaty Years Foundation (LEYF) four of whose settings in Barking and Dagenham look part. A detsiled report ouuining the significant impads and findings of the pilot project is aV8Iable on our website. and a furKling bKI to deliver a largef-scale prol6ct has been submitted by UCL. Sound Connections 'Lon¢Jon E8rty Years Music Network.: our Creative Producer and e8rty years music specialist Vanesga St8ns811 continuas to provide guest curatorshlp of this network. Other Certtres.. We dellver weekty musSc and movement sessions at Ann Tayler Children's Centre in Hackney, especially fccussed on engaging 'hard to reach, lamilies and supporting eaty parent-thikl bcKKling; and at two Ro8•mary Work8 nurseries in East London. CARE EXPERIENCED CHILDREN AND YOUNG PEOPLE Creative Futures, care expwknced young peoF4e has been In a d8v8lcymental phase. 'Hear My Voice, is currenty in devebpmenL seeking funding. It viill be a new mU1- year creative programme for care experienced young people in yaarn 8-11 i) partnership with London Higher. Virtual Schools and Higher Education Institutions. PROJECTS WITH CHILDREN WITH SPECIAL EDUCATIONAL NEEDS CreatNe Futures is pleased to have continued to work with deaf and h8aring impaired children during the year. 'Sounding Out., ow fiagshtp music Frogramme for deaf children, has continued in two primary sthwls with specialist deaf units: Selwyn Prirnary School (Newham) and Laycock Primary School {Islinglon), wilh funding from The Foyle Foundatlon and Inv05t•c Corporate Su51alnability. Weekly music sessions with small groups of pupils aged 4-9 years focus on Singing. vcKslisation, playing instruments, impmvisation and ¢omp)srtion. A free online Tcolkit on our website supports teachers of the deaf. The lead musicians were joined by two trainee music leaders
CREATIVE FUTURES IMITED- A COMPANY LIMITED BY GUARANTEE ANN AL REPORT &A NT who have Th becom emb&Jded in the projec team as deliv8ry assistants. A new phase of the project starts in SprInsuMmer 2023 with fvnding from the Clty Bridge Trufjt and the Ironmongers. Charity. vthKh will enable a third school to loin the project in le 2023. 'My Sound Stories, _ CreatNe Futures. first App - was launched in autumn 2022 and has been d<XvnIoad around 1.000 tlmes so far. My Sound Stories is an interactive music, speeth and langua9e digital resource which aims to support yourKJ children's speech. language and communication development. especially Ihose vtho are deaf or hearing impaired, or have Speech Language and Communicatson Needs. The app is spearllY designed to enable a child, collaborats'ng with a parent or t8acher, to creats a personalised story combining different illustrations. scwnds. music and voices to bring their story to lrfe. It is aimed at children between the ages of 2 and 8 years old. and is the brainchild of musi¢ian and Speech L8rwJuage Therapist Phoebe OstKme {one of our artis18 engaged on Sounding c). Funded princapally by the Kusuma Trust with additional lunds from the Cllfford Chance Foundatlon and Ingles Famlly Trust. the projed involved (x)mmissioning new stories (some in partnership with Avid Language Publishing), sounds. illustrations and srgn-language inlerpr8lation. 4 new StleS were launch8d in total. Funding is sought to expand the resource in future. A separate, albell linked, strarKI of 'My Sound Stories, saw the delivery of a fijrther 44ay project version of the initiabve at Laycttk Primary school in December. funded by &hrodor• IrNestment Man•g•m•nt Llmli•d, deaf chlldr8n and thelr familie8. PRIMARY PROGRAMMES Creative Futures has continued as a Delivery Partner with third sector Ofganisation West London Zono. delivering a range of spoken work. Music and art projects with prlrnary aged thildren. We delivered Cr•atlv• Club• during sthool hdidays at the Beethoven cent in Que8n's Park (where our office is kKate(l) in partnership with A2Dominion (who own the building), with funding from John Lyon'• Charlty and Quoen'$ Park Communlty Councll. These projects were attended by local children aged 5 years and Included music and art activitses using recyded objects to create InstallaUons. .r Stw,. a multl-artform project in Camden primary sthooLs. funded by John Lyon's Charlty. Cduded in July 2022 wtth an infonnal showcase at one of Ihe schools. The prqect aimed to re-ignite arts provision following the government's damaging k)ckdown polrcy ¥thith has seen the arts inueasingly squeezed out of many schools. curriculum planning. The Project involved spoken yrd, drama, art and music in order to engage children in a range of creattve arts activity to SUPF)Orted their wder education and pSonal developmen¢ and to rebuild and restore the damage (xused to pupls. wellbeing by the lockdowns arKI schi)ol closures.
TIVE FUTURES UK LIMITED- A COMPANY LIMITED BY GUARANTEE REP RT&A COUNTS 2 SECONDARY PROGRAMMES 'Young Producer5': Crpativo Firtures delivered a pilot project at Friem Bamet School in Bamet, funded by the sthool. which explored the impact of deploying a spoken word artist to Work with Pukyls assigned to the sch1.5 new Hub for those at risk of exdusion. The project was a success and fvnding is currently soughl to extend and develop the CORE FUNDING We are particularly grateful to thos8 who have provided unrestricled funding, induding The Foyle Foundatlon (£20,000) and the Chesterhlll Charltablo Trust. Funding for projects comes frc¥n local authorities. sL*Kls, trusts and foundats'ons, the NHS and other third sector organisations. We are vwy gratelul to all those that have supported our work, on whatever scale.. without these contn"butii)ns we would not be able to deliver our inspiring projects to the children and families value them. REPORTS Many of the programmes mentioned ab8 have detailed reports which are publlshed on our web8ite: www c.reativefutur88uk.com PARTNERSHIPS We ¢ontinue to enjoy strategic partnershp viith the UCL Instltute of Educatlon, especi81ty with Professor Graham Welch and Professor D¢4ninic Wyse whom we are collaborating on a number of separats strands of work ether in delivery or in development, We are also pr1v5le9 to be dIscSSIng potential and ongdng collaly)raUons wlth researchers frcffi othar universlties in the UK and in USA. Our partnershlp w5th a range crf voluntsry and L7ynmunty sector organisations in our 'home town, of north Westminster (induding One W•8tmln8tsr, Paddlngton Dov•lopm•nt Tru•l St Mary's Ho8pltal, Quoon's Park Famlly Centr•, the Portman Early Year• C•ntre, Westtx>urn• Parf( Famlly Centr• to nam8 8 few} has 8nabled us to reach 8fKI support hundreds of vulnerable families in the area. We IMII be focussing c fijrther developing and cernenting suth partnerships arKI lIa1)or0tiOns in the coming year as financi81 wessurès on the sector- and on the locAI mMunles We 88rve- ¢ontlnue to ¢8use increasing hardship. anxiety and harm. Creative Futures continues io be a Delivery Partner of thè Trib¢Kough Mu$1¢ Hub. and to cc41aborate bwth numerous other Mu8ic Educati Hubs in Lond and the southeast.
CREATIVE FUTURES UK LIMITED- A COMPANY LIMITED BY GUARANTEE ANN AL REPORT &AC NT 02 STRATEGIC OBJECTIVES Our values and Strateg objectives 2021>24 remain unthgnged. VALUES Child.led- Pl}ng the child or young p8rsrx) at th8 centre of wtyk. frn dewslng and annIng through delivery to evaluats'on. High quality- our programmes are shaped and led by experFenced. rellecbve artists and producers drawing on researth and our own leaming. Inspiring- we aim for every proie¢X we deliver to cxftstanding. m88ningfvl and memorable for all th8 children. young people, families and professionaL8 involved. Locally-driven - ensuring that every project is driven by the specific needs and strengths of its local communty. and finding new ways of embedding the arts at the heart of every child's experience. Democratic- aspiring to b8 a culturalty d•nocxatic organisation where our c¢ynmunty of artists and partiupants shape our work together and are all treated ethically, fairfy. 8qu81ty and respethlty. OBJECTIVES Grow Creativ8 Futurns, t*and, rerAtstlon and Influence In th8 Sector to become a markel aer. Grow the reach and scale of our programm8S. Create an effective and happy working community. Cat8 a strong partner community that Is engaged with our programmes. Deliver excellent programrnes that make a F()sitive difference to the lives of children and young peopl8. Be a 8UStainable charity. FUTURE PLANS AND DEVELOPMEKr A number of new programm8s are In th8 pipelln8 for 2024 and beyond vthlch 11 continue to support our values and core areas of work, and build on existing and new partnerships. We will continue to invest in our fwnily of arb'sts, refiecting and learning together from the work we dellver In order to Improve the qualty and reach of our programmes, support the children and families we work with and want to work with, and grow our organisation and brand.
CREATIVE FUTURES UK LIMITE OMPANY LIMITED BY GUARANTEE ANNUAL REPORT ACC STATEmEr OF TRUSTEES. (DIRECTORSI RESPONSIBIUTIES Company law requires Ihe directors. who serve as truste Ihe purposes cl tharity law, to prepare Financial Statements for each financi81 year. vthich give a true and fair view ol the state of affairs of the Company and of the profit C loss of the Ciynpany fcy that period. In preparing ihos6 Firhqncial Ststements. the ditlors are required to:. sdect suitable accounting policies ar)d then apply them consislenty, make judgements and estsmates that are reasonable and pwdent., stale whether Ihe Financbal Reporting Standard Smalter Entities has been followed, subject to any matenal departures dls¢Sosed and explalned In the financial statements. prepa the Accounts on a going Wbcem basis unless it 18 inappropriate to presume that the c(Jnpany I11 continue in business. The directOT5 are r8sponsible for keeping proper accounting re(x)rds whith disclose wth reasonable accuracy al any iirne the financial posltion of the 0)rnpany arKJ to enable him to ensure that the accounts ccrnply with Ihe Companies Act 2006. They are also r8sponsible for safeguarding Ihe assets of the rnPany and h8npA for tak reasonable steps for the prevention and detedlon ol fraud and other tyulariues. The Dlrect(K8' Rep(Kl is prepared in acrThdance with the spedol prow8ions of Part 15 the C1PanIe6 Act 2006 relating to small companies. By Order of the 8oar<i Marcus Jarne8 Chalr 18.07.2023 14 iaiDI12c+s5
CREATIVE FUTURE IMITED- A COMPANY LIMITED BY GUARANTEE ANNUAL REP NT INDEPENDENT EXAMINER'S REPOIU TO THE TRUSTEES OF CREATIVE FUTURES (UK) UMITED I report on the accounts of the CAynpany for Ihe yew ended 31 2023, which are set out on pages 11 to 18. Rewe¢tlv¢ ro8ponslblllUes of trust•M and •xarnin•r The trustees (who are also the directors of the company for the purposes of company lawl are r8sponsible for the weparation of the accounts. The tru5tee5 consider Ihat an audit is not required for this year undw Secti 144<2) of the Ch8riti8s Act 2011 (the 2011 Act) ard that an independent ex8mlnation is needed. Having sabsfied myself that the charity is not su4ect to audrt urKler company law and is eligible for dePendent examinabon, it is my reSp(ibl1lty to: • examln8 th8 accounts unller section 145 of the 2011 Act: to follow the [orureS laid down in the general Dire¢b'(fft glven by the Charity Commlssion under section 14515)(bl of the 2011 Act: and to state thther particular matters have (xyne to my atlanti(. Basls of Indep•nd•nt •xamln•rfs r•port My examinabon wa$ Caled out in arNdanC with the general Dlrecrfons glven by the Charlty Commlssion. An examination indudes a review of th8 accounting records kèpt by the charity and a comparison of the accounts wesented vthh those records. It also inc4udes consideration of any unusual items or disdosures In the accounts, and seeking explanatsons from you as trustees concerning any $u¢h matters. The procedures undertaken do not provide all the evidence that wouhJ be required in an audlt and consequenlty no opinlon 18 given as to whether the accounts present a Irue and fair viw and the report is limited to Ihose matters set out in the ststement below. Ind•p•ndent examlnee• sL1t•m•nt In connection with my 8xaminatson. no rnatter h88 come to my attenlM)n: (1) whlch gives me reasonable ¢ause to believe that in any material re4)ect the requlrements.. to keep accounting recxyds in accordance V•ith section 386 of the Companies Act 2006; to prepare accounts which accord vAth the accounting records. (x)mply with th8 accounting requirements of sectH)n 3% of the Companies Act 2006 and with the methods arKI prinaples of the Statement of ReccKnmended Practice: Am)untlng and Reportlng by Charities have not been met, ( 12} to whlch. In my oplnlon, attention should be dTrwn in Lyder to enable a proper underslandlng of th8 ac(xwnts to be reached. Anthony Epton Goldwlns Chartered Accountants. 75 Maygrove Road. West Hampsload, LDndon NW6 2EG FCA, CTA, FCIE 19 July 2023 io
Creat1 Fulurns (UK) Limlted Stat•rnont of flnanclal actlvib"•8 (incorporating an income and expenditure account) For tho year ond•d 31 March 2023 2022 Tolal fLind$ Tot•1 fvnd• Inwn•frfMn: Donati& a110 21110 959 Charitabl8 a¢tsVt.' Graftts Schods and local authoritres Other Inccrne Investment Income Tatal Incom• 21.000 201,361 222,361 2TI,019 957 é6,734 120.691 165.898 41 41 13,457 1.707 1,707 754 705 291 367,913 458.087 Endr• on: Charitabl• activities sn 41 347.1>49 121 374,323 347.049 412.621 374.323 N•1 Ir•¢¢m• l (•xp•ndltsw•) b•lorn n•t gth• I {lo•#M) on kw••tn Nel galn8 I (los$) m Investrngrts 104841) 1447L¥J 63.764 N•t In¢4Yn• l {•yndIy•) tsr th• 11.133 1SSJ41) (4701) 83,764 Transfers behegn funds N•t mov0 In fvnd• 1118 (56,526) (44701) 83,764 R•condllaOon of fund¥: Totsl funds ght forward $33 1? 278945 195.181 18,361 234,2J7 278,945 ol the 8bo¥e re8ults are derlved Irom cthinung xtréibes. Th8re were no olher T8cognlsed gatn$ kJs8es other thon Ilw statod ab)v8. The attachd rth forni part of Ihese finanrial slalefflts. 11
Cr¢atlve Futurns (UK) Umkad Balanc• Shget As at 31 March 2023 2022 2022 Tangib ossets 1.389 Cash at bank and kn hand 378,045 378.045 Ll•blllU••: Credllor8'. amnts fallkw du• wlAhln fme 11 1.910 277.556 Tatal n•t ••••l• 278.945 Fund¥ Reslrieted funds Unrestrlded lunds: Gonerel lundg Total unrestricted fundg 12 145,U6 2tY2.412 76,533 76,533 Totsl fund• 278,946 Tha Chariws financlal slabrnents have been In acoydance tho Pro05 altste lo compan8 $utq"ecl lo th• small companies regime. Trustees consider Ihat tho Chanty 18 entrtlgd lo exemption from Ihe roqulremenl lo have an audit undér I of section 477 of the Companbès Ac* 2CIK81"the Acfl and members have not required the Chority to oblaln an athlit Iho yegr In question In 8CC4JTdance with section 476 of the act. Th• Trustee ackn0 ih8ir r8sporffjlb.lnkn for COMFI9 the requirement of th8 Companl8s A 2006 wSth respo¢t to a¢¢<AJntlrKJ rec(wds and tho pr#wati ol financ•al stalements. by the trustggs on 18 Juty 2023. and &gned on behalf by. Trnawr•r omp•ny v•gl•tratlon no. 07SI8987 attached nolos form part CA the flnarK4al s19tem. 12
Civadv• Futum (UK) LlmTrt•d For tha year •nd•d 31 March 2023 in fv UK tyr(l Re¢d Irel IFRS 102. 1 Jw 20151.IChlthB& SORP FRS 1021 and th• CornpNnip8 The eompaw moots af 8 FRS 102. Assrfs • Inthty rwnls•J athistcncal cost ortrTm8cbon vakne urkn 51ad m thB note. bl In9 oxNm trustee¥ do nL cvoj¢r tslttve we y10r yt Ih rw¥ng dale Ikwt 8 ¥gnfficant risk rl ¢) com• 18 rwri58d tton th• chwity h88 orrNlon%rt lo tre fwxlj, •rry pvlryrnrKe allaEh8d b) Iho irKome h3v• b•an MOL it is that tho rwknj lh tr• fdthly. entbttemenl the fund6, •ny ccrfKIW)?$ to the w8rt5 h8¥0 bw m•t, it18 wc4)atso thal th• incrTh be QU1 be mea6ured reW)ty i¥ IKI delwr•J. Irwrne wVej fLY tt%ry woviwon Dr splfi&j Irrtvrwi M fvrAl¥ llJ ¢J•x4 fjrthtsd Tkn r•cw4th tr• c•Tr b• nW•Lnd r•lWy thaty.. t¥ Iv of th¢ tea$ Mye ded ai th•'r set 8618 lo fL¥ 8 funds dLTh¢iMs thith Tr donor wv kn be KAdy fry wea¥ ol Ihe or pr(48 t•lng undok bythe chArfty. Exwrhyhurg IB Y•c4rds&J orKa Ih8rn g ItyAI to mAk8 g [• w * p•Tr. tt Is prob•bl• tlt settlement be rtyred aThJ th• amrAml of t• rMo8w•J gjpwt COSt8 are Ihol s88¢ I£ dthe tJt thj dettydrtak8 chArtiat46 9thIo1. pPorte¢l h) T•nqlbl•fflx•d ••w¢• Equtynert th8ount prybj n81ol (1 Jl C••h at b•nk•nd ln h•nd C89h 81 bert and c4sh In cash slKrt Iwm a sfrft Itee Int or trom the dale Gl acquisitw orcoeiMrJ rfthedEPX't Credit£fs arwj prw¥ion5 we re0>8d there the £rti o past gvonl t wll prObaY 13
Crea1 Futur•• IUK) Umlted Nots to th• flnanclal stat•rn For th• y••r •nd•d 31 March 2023 2022 2022 Totsl funds frJnd5 Offiabons Ch8ritabl• a¢lMU•s'. GTants SchLK41 and •ulh Other COO InvB8lmÈnts 959 13.779 77.1 13.457 754 263,240 88,702 277,Of9 185,898 13.457 754 T¢tsl IOffi• Charftabt8 aciw•s 102.795 271.528 374.323 T•tsl •xp•ndkn 271.528 374 323 3.3SO 80.414 83,764 Tr8nsfer¥ fvnd8 N•t I(•xlknTh 4,916 78,848 83.764 Totsl lund• br1 forwd 71,617 76,533 123,564 202,412 195,181 278.945 202$ Trt nd• 2022 Total lund¥ ftmd• Don¥Uo 9S9 23 Total fund• 2022 fvnd• fund8 Grdnts Se0$ and bx41 gulhLKIU 201.3•4 222.364 .734 277.019 165.898 JJJ5T IL 2022 Total fvn T¢thl fvnd• Bank in18rest 1.7(17 754 754 14
Cv•atlv• Futurn IUKI Um For th• •ndod 31 March 2023 Slaft co1-pro1e¢t fflanAgefflenl Sl•ff CLt¥-pr¢i•¢i d•knry 136.1 27,750 l•JJ l¥lq4 27.710 156204 163,Q73 27,753 B.056 Oth•r propd c(ob A•S•th fo Stsff wwing Producw f•ou Rartt )d r81É9 knsuranco Y•hOne ittam6t Printing, poslage •rJ StabY kndepen¢Jent ewinatiun lee Compulw costs Prolewonal fEgs &JTrdry 2733• 17J2J 17J2J Ta14 7,114 7.036 1,926 2,049 150 232 42J7 t.539 347 1•.642 Totsl exondtture 2022 th• to •Apmllur•. £es.$72w r•llO (2022.. t102.7951 aTrJ 1347.049 re8trttd12022.. 7).528). 6 Ib) crfe¥wndtlw& wkyear Staff colts 1%.204 163.073 27,753 8.955 156,204 183.073 27.753 8.955 141,051 1D8,417 21.6b1 IAen8gement Rweqr¢lT f•8$ Staff traifting 7.036 1,926 2,Q49 150 1,79) 3,238 6.378 1036 2.351 In8uranc• 2.049 150 Printsno. po•tsge stsllonery 1,725 Cput $ts Prolesslona fees l.S39 347 347 434 18.339 118,3391 Totsl eXpgTh1ir• XJ2t 15
Cr•aU¥• Fuiur•• IUK) Umlt•d Not•• to th• Iln•n¢l•l sl•t•m Forth• •nd•d 31 Mar¢h 20 2tr22 J47 klJ22 145,082 9.713 StsY4 aecuYtyeo 1,4•S rg).21712022'. £47.2301. rhwlty truBIw ur any Lth¥brflA •w¥*)WW thy kn th• Yr{lo27. É7.118 2022 10 T4nobI•f•d •M•l• Altho tstart ts14tS m >4r y•v Althe end >** 5,877 Ai the •trrt &lhe •rye fry the year rffj drypc•lll Atth•wdrflh•> 428 2T8 16
Cr•aUw IIIK) Llrnlt•d Forth• •nd•d 31 Al•r¢h 2023 2022 1,760 98.729 JI tho bwlry clthe > Nraoj ge.729 8w•nr erJ ofthe > Lknf•rrnd Inoirn¢ rDpr•¥rts tho • eThlrdyfv)rtho of proleth Ten9 aiety 1.111 d• nd• 1.360 277.5 202,412 Nliauth th• •nd 17
Cre•tfrrt Futurn (UK) Uml F<th• d•d 31 Ilw¢h 2•23 Hkling Stror¥J 17.7 Sound Cornmuth¥ pk 1J a27• 21,821 XM• 462tyJ PEAL%. FkxrskywCSE Sound9 Out V7•1 &110 ZOZI. Swnd Cornmuribv5 STrJndin9 C%Jl1202&J Sound & EYFS Sound CornmuNtJ11 Muc •1 H#rt11 LENA. MuGlcln lh• R•swth 81 HEATl tr• L&Ythn Fk Z3,a•4 J32 1.lri 1• 572 Al thq •nd ¥•J olthe y 15,97 3.7 41.97fj 1,725 57,766 8,322 16.490 11.SJg 193 11031 Crniy• CJbs sound ¢ornmurlbn plL FUr• FLW. kn¥s•HE FUN Comnwlfl F•rnJ ¢XY Story kly S¢und Strm•£ff PEACE. Hrav¢sE Soundkng Qu¢ 13.610 6,Q40 515 6.750 32.7Tr) 2S.4th) 4.QiJJ 29.005 6.029 12.172 16297 8,345 1B.4 18.055 20,179 38229 9,140 44,042 23,780 1200 1.095 gZS 18.033 1501 Londekn fth>4M• 2021- S¢uno Cornrnuriiw¥ Sound & EYF8 Sound CornmUr0v11 mu Jl HrtI1 LENA. Muatln the Re¥wth mu al HEPRT.ai the Rirya 3.032 05.011 29.845 91,323 53.625 8.455 2,003 20.065 71 52 71,617 102,795 78.S33 14 L•yl fknrtly 18