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2024-03-31-accounts

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 2024

Transformational experiences through the arts

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

INDEX
Company information
Report of the directors
Independent examiner’s report
Statement of financial activities
Balance sheet
Accounting policies
Notes to the financial statements		 Page
1
2 - 9
10
11
12
13
14-18

COMPANY NUMBER : 07578987 CHARITY NUMBER : 1143459 DIRECTORS/TRUSTEES : Marcia Bennie Matthew Brookes – Finance Director Paul Hayday Marcus James – Chair Karen Price – Resigned 09/10/2023 Baden Prince – Appointed 04/12/2023 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, 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

MISSION STATEMENT

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

OBJECTIVES OF THE CHARITY

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.

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- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT & ACCOUNTS, 2024

MANAGEMENT STRUCTURE

The company was managed during the year by 4 employees:

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 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.

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. This target level of reserves continues to be met.

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.

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- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT & ACCOUNTS, 2024

REVIEW OF ACTVITIES AND ACHIEVEMENTS, 2023-24

2023-24 saw a small increase in turnover of 7% on 2022-23, reflecting the consolidation of many key programmes and the early stages of some new initiatives. Across its portfolio, Creative Futures has continued to deliver high quality projects impacting more than 2,500 children, families and young people.

Our three focus areas remain (i) early years and families, (ii) care experienced children and young people, and (iii) children with special educational needs. The majority of programmes, funding and participants are in the early years bracket (children aged 0-5), and Creative Futures continues to be considered a leader in early years arts provision.

Activity during 2023-24

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.

Community Families

Running since: 2013 Location: north Westminster Reach: 500+ families per year

‘Community Families’ is Creative Futures’ flagship families programme, reaching 500 families with children aged 0-4 every year in northwest Westminster. The programme is in its 10[th] year, and now delivers 8 free and accessible music sessions each week in termtime. 2 sessions are specifically for mothers and babies under 12 months old, 4 sessions are open to families with children aged 0-4 years, and 2 sessions are for more vulnerable families referred by partner services and Family Centres. These Nurture Groups have been highly successful in supporting mothers, building their confidence to then join one of our other music drop-in sessions. Our sessions provide fun, creative and stimulating activities for parents and children, information and support from local trained ‘Maternity Champions’ (from Paddington Development Trust), and are proven to reduce isolation, improve mental wellbeing, and strengthen many aspects of early childhood development. During 2023/24, Community Families was funded by the City of Westminster’s Community Priorities Programme , Westminster ward budgets for Queen’s Park, Westbourne and Harrow Road, the Young Westminster Foundation, the City of Westminster Charitable Trust, Westminster Amalgamated Charities, the Westminster Foundation, Edward Harvist Trust and a donation from the London HQ fund. In addition we were delighted to be supported by the Media Trust, funded by John Lyon’s Charity, to have a short film made about the project and its impact. This powerful short film - can be viewed on our project webpage here: https://www.creativefuturesuk.com/building strong-community-families

Music at Heart Running since: 2022 Location: north Westminster Reach: 30 mothers & babies each year

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- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT & ACCOUNTS, 2024

‘Music at Heart’ is our music in hospitals programme, and currently focusses on a partnership with the perinatal mental health team at St. Mary’s Hospital in north Westminster. Music at Heart consists of weekly therapeutic singing sessions delivered by two specialist musicians to support mothers (and their babies) with acute mental health conditions and post-natal depression. As the project is delivered in the same neighbourhood as Community Families, we have created an innovative ‘Musical Care Pathway’ to support mothers with mental health conditions through the specialist support given at Music at Heart, to our Nurture Groups, and on the open-access drop-in sessions. Music at Heart is funded by Central and North West London NHS, Garfield Weston Foundation, D’Oyly Carte Charitable Trust, and Imperial Health Charity. Funding has also been received from two generous individual donors to continue this valuable work through to 2025. A further extension of the project is due to start in 2024/25 at Queen Charlotte’s & Chelsea Hospital also with funds from Imperial Health Charity.

London Rhymes Running since: 2017 Location: Hackney & Newham Reach: 120 mothers & babies each year

‘London Rhymes’ is a singing and songwriting project initiated by musician Rosie Adediran. This phase of the project is delivered in partnership with her organisation London Rhymes Limited. From the autumn of 2023, with funds secured by London Rhymes Limited from Youth Music, we collaborated on the delivery of weekly sessions with the East London Foundation NHS Trust ’s perinatal outpatient unit for mothers and babies at Homerton Hospital. In addition, the project continued weekly sessions with The Magpie Project, a charity in Newham supporting homeless mothers and their children. London Rhymes is delivered by pairs of musicians who lead singing and song-writing

activities with families with children aged 0-2 years, creating new songs together about the joys and challenges of parenting. A constant stream of new songs is created through the projects, recorded by the London Rhymes team of musicians, and released on Soundcloud and Spotify. Many have also been animated and appear on YouTube – some – with over 200,000 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 Running since: 2018

Location: Brent Reach: 15 EYPs & 300 children each year

‘Sound Communities’ is an early years workforce development programme which seeks to embed more music and creativity into Early Years teaching practice through a combination of professional development sessions and in-setting mentoring and co-delivery. An underlying aim of the project is to support children’s speech, language and communication skills through teacher-led music activities. During 2023-4, as part of the second phase of this project, it concluded its first year and started its second year of delivery in the London borough of Brent, working with 10 settings each year. This phase is funded by National Foundation for Youth Music and John Lyon’s Charity with additional funds from the Ingles Charitable Trust . A comprehensive online toolkit for the project, created in collaboration with The Communications Trust (part of ICAN), was launched in January 2020 as part of the first phase of the project from 2018-22, and continues to support

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- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT & ACCOUNTS, 2024

teachers involved in this programme as well as being freely accessible to teachers and Earyl Years Professionals everywhere.

Arts Exchange Running since: 2023 Location: Harrow Reach: 240 children per year

‘ Arts Exchange ’ (a strand of our ‘Music for Change’ initiative) is a new multi-arts early years project in Harrow supported by John Lyon’s Charity . In each of the two years of the project, 4 schools take part and receive weekly workshops for 13 weeks delivered by a musician and another artist such as a dancer or visual artist. In Year1 we have worked with two dancers alongside our two musicians, enjoying the opportunity to collaborate in a multi-arts format and to explore and develop new practice with the children. Arts Exchange has been delivered to 2 nursery classes in each of the 4 schools (in its first year) reaching around 240 children aged 3-4 years. We have also supported teachers to develop their confidence and practice around music in order to embed more music, dance and movement into their everyday teaching practice.

London Early Year Music Network Running since: 2021 Location: London

Sound Connections ‘London Early Years Music Network’: our Creative Producer and early years music specialist, Vanessa Stansall, continues to provide guest curatorship of this network supporting existing and emerging music leaders who work in Early Years.

Other Centres : We deliver weekly music and movement sessions at Ann Tayler Children’s Centre in Hackney , especially focussed on engaging ‘hard to reach’ families and supporting early parent-child bonding; and at two Rosemary Works nurseries in East London.

CARE EXPERIENCED CHILDREN AND YOUNG PEOPLE

Creative Futures ’ work with care experienced young people is in a developmental phase, with new partnerships developing in the boroughs of Harow, Brent, Ealing and Barnet. This will be reported on in the next Report.

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 Running since: 2014 Location: Islington, Tower Hamlets, Newham Reach: 100 children per year

‘Sounding Out’ , our flagship music programme for deaf children, has grown to three primary schools with specialist deaf units: Selwyn Primary School (Newham), Laycock Primary School (Islington), and Hague Primary School (Tower Hamlets), thanks to 3-year funding from the City Bridge Foundation . Weekly music sessions with small groups of pupils aged 4-9 years focus on singing, vocalisation, playing instruments, improvisation and composition. A free online Toolkit on our website, developed in an earlier phase of the project, supports teachers of the deaf. The project is delivered by pairs of specialist musicians, and supported by a researcher from UCL. lead musicians were joined by two

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- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT & ACCOUNTS, 2024

trainee music leaders who have now become embedded in the project team as delivery assistants. Other funders of this programme are the Ironmongers’ Charity , the Ingles Charitable Trust, and the Makers of Playing Cards Charity.

PRIMARY PROGRAMMES

SECONDARY PROGRAMMES

CORE FUNDING

We are particularly grateful to Ingles & Hayday which has supported us over the years with a venue for our Trustees’ meetings, and this year with an unrestricted corporate donation. We are grateful to all those organisations and individuals that have supported our work, on whatever scale: without these contributions we would not be able to deliver our inspiring projects to the children, young people and families who value them.

RESEARCH & PARTNERSHIPS

We continue to enjoy a strategic partnership with the UCL Institute of Education , especially with Professor Graham Welch with whom we have launched a Music and Cognition Research Group to underpin our various collaborations. We are also privileged to be collaborating with researchers at a number of universities in the USA, notably James Madison University in Virginia where our director, Julian Knight, spent a semester in 2024 as a Fulbright ‘scholar -in- residence’ . A number of ongoing collaborative projects are in the pipeline and will be revealed in future reports.

Our partnership with a range of voluntary and community sector organisations in our home locality of north Westminster (including One Westminster, Paddington Development Trust , St Mary’s Hospital, Queen’s Park Family Centre, the Portman Early Years Centre, Westbourne Park Family Centre to name a few) has enabled us to reach and support hundreds of vulnerable families in the area.

7

Creative Futures continues to be a Delivery Partner of the Triborough Music Hub , and to collaborate with numerous other Music Education Hubs in London and the southeast.

STRATEGIC OBJECTIVES

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

VALUES

OBJECTIVES

FUTURE PLANS AND DEVELOPMENT

A number of new programmes are in the pipeline for 2025 and beyond which will continue to embed our values, support our core areas of work, build on existing and new partnerships, and enrich the lives of children, young people and families across London. We will continue to invest in our family of artists, reflecting and learning together from the work we deliver in order to improve the quality and reach of our programmes, as well as continuing to collaborate with leading researchers in the field.

8

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:-

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

Marcus James Chair, 18.07.2024

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

ANNUAL REPORT & ACCOUNTS, 2024

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

I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages 11 to 18.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

Anthony Epton BA, FCA, CTA, FCIE Goldwins

Chartered Accountants, 75 Maygrove Road, West Hampstead, London NW6 2EG

Date: 22 August 2024

10

Creative Futures (UK) Limited Statement of financial activities

(incorporating an income and expenditure account)

For the year ended 31 March 2024

Note
Income from:
Donations
3
Charitable activities:
4
Grants
Schools and local authorities
Other income
Investment income
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net gains / (losses) on investments
7
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income / (expenditure) for the year
Net income / (expenditure) before net gains /
(losses) on investments		 Unrestricted
funds
£
2,625
1,000
51,047
-
3,507
58,179
57,818
57,818
-
361
185
546
88,351
88,897
361		 Restricted
funds
£
25,000
255,629
57,055
-
-
337,684
312,549
312,549
-
25,135
(185)
24,950
145,886
170,836
25,135		 2024
2023
Total
funds
Total
funds
£
£
27,625
23,110
256,629
222,364
108,102
120,691
-
41
3,507
1,707
395,863
367,913
370,367
412,621
370,367
412,621
-
-
25,496
(44,708)
-
-
25,496
(44,708)
234,237
278,945
259,733
234,237
(44,708)
25,496

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.

11

Creative Futures (UK) Limited Balance sheet As at 31 March 2024

Note
Fixed assets:
10
Current assets:
11
Liabilities:
12
13
Total unrestricted funds
Total net assets
Tangible assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current assets
Funds
General funds
Total funds
Unrestricted funds:
Restricted funds		 2024
£
7,156
253,788		 2024
2023
£
£
889
-
235,036
235,036
1,910
258,844
259,733
170,836
88,351
88,897
259,733		 2023
£
1,111
233,126
260,944
2,100
88,897
234,237
145,886
88,351
234,237

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.

Approved by the trustees on 18 July 2024.

and signed on their behalf by:

Matthew Brookes Treasurer

Company registration no. 07578987

The attached notes form part of the financial statements.

12

Creative Futures (UK) Limited

Notes to the financial statements

For the year ended 31 March 2024

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.

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.

13

Creative Futures (UK) Limited

Notes to the financial statements

For the year ended 31 March 2024

2 Detailed comparatives for the statement of financial activities

Income from:
Donations
Charitable activities:
Grants
Schools and local authorities
Other income
Investments
Total income
Expenditure on:
Charitable activities
Total expenditure
Transfers between funds
Net income / (expenditure)
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Donations
4
Income from charitable activities
Grants
Schools and local authorities
Total income from charitable activities
5
Income from investments
Bank interest
Net income / expenditure before gains /
(losses) on investments		 Unrestricted
funds
£
2,625
2,625
Unrestricted
funds
£
1,000
51,047
52,047
Unrestricted
funds
£
3,507
3,507		 2023
Unrestricted
funds
£
-
21,000
53,957
41
1,707
76,705
65,572
65,572
11,133
685
11,818
76,533
88,351
Restricted
funds
£
25,000
25,000
Restricted
funds
£
255,629
57,055
312,684
Restricted
funds
£
-
-		 2023
Restricted
funds
£
23,110
201,364
66,734
-
-
291,208
347,049
347,049
(55,841)
(685)
(56,526)
202,412
145,886
2024
Total
funds
£
27,625
27,625
2024
Total
funds
£
256,629
108,102
364,731
2024
Total
funds
£
3,507
3,507		 2023
Total
funds
£
23,110
222,364
120,691
41
1,707
367,913
412,621
412,621
(44,708)
-
(44,708)
278,945
234,237
2023
Total
funds
£
23,110
23,110
2023
Total
funds
£
222,364
120,691
343,055
2023
Total
funds
£
1,707
1,707

14

Creative Futures (UK) Limited

Notes to the financial statements For the year ended 31 March 2024

6 (a) Analysis of expenditure

Musicians and Practitioners to deliver workshops
Other project costs
Research fees
Staff training
Rent and rates
Insurance
Telephone and internet
Printing, postage and stationery
Independent examination fees
Computer costs
Professional fees
Sundry
Depreciation
Support costs
Total expenditure 2024
Total expenditure 2023		 Charitable
activities
£		 Support
costs
£		 2024
Total
£		 2023
Total
£
122,876
40,941
174,691
7,968
1,000
-
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
406
7,338
1,243
2,013
299
2,140
2,497
6,733
-
222
22,891
(22,891)
-
-		 122,876
40,941
174,691
7,968
1,000
406
7,338
1,243
2,013
299
2,140
2,497
6,733
-
222
370,367
-
370,367
412,621		 136,104
27,750
183,964
27,238
17,923
872
7,314
1,189
2,020
232
1,950
1,541
3,237
1,009
278
347,476
22,891		 412,621
370,367
412,621

Of the total expenditure, £57,818 was unrestricted (2023: £65,572) and £312,549 was restricted (2023: £347,049).

�� � Analysis of expenditure- prior year

Musicians and Practitioners to deliver workshops
Other project costs
Research fees
Staff training
Rent and rates
Insurance
Telephone and internet
Printing, postage and stationery
Travelling
Independent examination fees
Computer costs
Professional fees
Sundry
Depreciation
Support costs
Total expenditure 2023		 Charitable
£		 Support
£		 2023
£		 2022
£
136,104
27,750
183,964
27,238
17,923
-
-
-
-
-
-
-
-
-
-
-		 136,104
27,750
183,964
27,238
17,923
872
7,314
1,189
2,020
232
-
1,950
1,541
3,237
1,009
278
412,621
-
412,621		 156,204
-
163,073
27,753
8,955
263
7,036
1,926
2,049
150
-
1,790
3,238
1,539
-
347
392,979
19,642		 374,323
412,621

15

Creative Futures (UK) Limited Notes to the financial statements

For the year ended 31 March 2024

7
Net income / (expenditure) for the year
This is stated after charging / (crediting):
Depreciation
Independent examiner’s fees- Net of VAT		 2024
£
222
1,750		 2023
£
278
1,625

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

Staff costs were as follows:
Salaries and wages
Social security costs		 2024
£
152,248
9,106
2,463		 2023
£
152,650
9,465
1,739
163,817 163,854

The total employee benefits including Employer’s NIC and pension contributions of the key management personnel were £37,466 (2023: £50,217).

No employee earned more than £60,000 in the year.

No charity trustees were paid or received any other benefits from employment with the charity in the year (2023: £nil), neither were they reimbursed expenses during the year (2023: £nil).

Staff numbers

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

Charitable activities
Governance		 2024
No.
5
1		 2023
No.
5
1
6 6

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
At the start of the year
Additions in year
Disposals in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
Eliminated on disposal
At the end of the year
Net book value
At the end of the year
At the start of the year		 £
5,677
-
-
Equipment		 Total
£
5,677
-
-
5,677 5,677
4,566
222
-		 4,566
222
-
4,788 4,788
889 889
1,111 1,111

16

Creative Futures (UK) Limited Notes to the financial statements

For the year ended 31 March 2024

11
Debtors
Other debtors
12
Creditors: amounts falling due within one year
Accruals
13
Analysis of net assets between funds
Tangible fixed assets
Net current assets
Net assets at the end of the year
Analysis of net assets between funds- prior year
Tangible fixed assets
Net current assets
Net assets at the end of the year		 Unrestricted
funds
£
889
88,008		 Designated
funds
£
-
-		 2024
£
7,156		 2023
£
-
7,156 -
2024
£
2,100		 2023
£
1,910
2,100 1,910
Restricted
funds
£
-
170,836		 Total
funds
£
889
258,844
88,897 - 170,836 259,733
Unrestricted
funds
£
1,111
87,240		 Designated
funds
£
-
-		 Restricted
funds
£
-
145,886		 Total
funds
£
1,111
233,126
88,351 - 145,886 234,237

17

Creative Futures (UK) Limited Notes to the financial statements

For the year ended 31 March 2024

14 (a) Movements in funds
Restricted funds:
Creative Clubs
YHF-Short Breaks
Music for Change (Harrow)
Community Families
Hopes & Futures
My Sound Stories online
Young Producers
Sounding Out
Sound Start with LEYF
London Rhymes 2023-24
Arts Exchange (MFC Harrow)
Sounding Out (2023-)
Music at Heart - QCCH
Sound Communities II
Music at Heart II
LENA: Music in the home Research
London Rhymes
Total restricted funds
Unrestricted funds:
General funds
Total unrestricted funds
14(b)
Movements in funds-prior year
Restricted funds:
Building Strong Community Families
Creative Clubs
Sound Communities plus
Music for Change (Harrow)
Community Families
Our Story
My Sound Stories online
PEACE - Hounslow CSE
Sounding Out
My Sound Stories (schools)
London Rhymes 2021-
Sound Communities
Sounding Out (2023-)
Sound & Symbol EYFS
Sound Communities II
Music at Heart II
LENA: Music in the home Research
Music at HEART at the Royal London Hospital
Total restricted funds
Unrestricted funds:
General funds
Total unrestricted funds		 £
-
-
21,521
29,701
-
-
-
5,039
-
-
-
6,200
-
51,197
30,225
2,003
-
At the start of
the year		 £
5,095
850
-
76,925
6,920
5,000
1,900
-
-
20,181
37,500
32,860
11,940
82,290
52,263
-
3,960
Incoming
resources &
gains		 £
5,094
-
21,496
68,919
6,895
4,895
-
5,039
156
18,340
25,207
29,971
-
92,672
28,931
1,003
3,931
Outgoing
resources
& losses		 Transfers
£
(1)
-
(25)
-
(25)
(105)
-
-
-
-
-
-
-
-
-
-
(29)		 £
-
850
-
37,707
-
-
1,900
-
(156)
1,841
12,293
9,089
11,940
40,815
53,557
1,000
-
At the end
of the year
145,886 337,684 312,549 (185) 170,836
88,351 58,179 57,818 185 88,897
88,351 58,179 57,818 185 88,897
£
-
-
��� ��
-
6,000
16,403
18,055
4,000
16,033
-
3,032
65,011
-
29,845
-
8,455
2,003
20,065
At the start of
the year		 £
17,742
5,595
-
29,800
48,835
-
30,149
-
7,500
8,110
20,783
-
6,200
2,625
81,029
32,840
-
-
Incoming
resources &
gains		 £
14,235
5,538
13,465
8,279
28,641
16,438
48,209
3,830
18,494
7,990
23,664
64,956
-
32,343
29,832
21,399
-
9,736
Outgoing
resources &
losses		 Transfers
£
(3,507)
(57)
� �
-
3,507
35
5
(170)
(120)
(151)
(55)
-
(127)
-
10,329
-
(10,329)		 £
-
-
-
21,521
29,701
-
-
-
5,039
-
-
-
6,200
-
51,197
30,225
2,003
-
At the end
of the year
202,412 291,208 347,049 (685) 145,886
76,533 76,705 65,572 685 88,351
76,533 76,705 65,572 685 88,351

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 during the year.

18