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2024-08-31-accounts

Company number: 7737871 Charity Number: 1147150

Cre8 Macclesfield Ltd Report and financial statements For the year ended 31st August 2024

Cre8 Macclesfield Ltd Reference and administrative information

for the year ended 31st August 2024

Company number 7737871 Charity number 1147150 Registered office and operational address The House 11 Belgrave Road Macclesfield Cheshire SK11 7TW

Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows: Jonathan Aiken (Appointed 1[st] September 2024) James Andrew Booth Jared Brown Ameera Fletcher (Resigned 31[st] August 2024) Tom Goodwin Jennifer Hardy Chair Laura Mummery Peter Munro (Resigned 24[th] January 2024) Adam Small Ruth Thompson Secretary Sophie FitzPatrick

Key Management Personnel

Jonathan Aiken (Appointed 1[st] September 2024) Keirra Bexon Ameera Fletcher (Resigned 31[st] August 2024) James Kennedy Sarah Postlewhite Katy Wardle Bankers Unity Trust Bank Nine Brindleyplace Birmingham B1 2HB

Independent Examiner

Christy Lau FCCA CTA DChA Slade and Cooper Beehive Mill Jersey St Ancoats Manchester M4 6JG

1

Trustees’ annual report for the year ended 31st August 2024

ended 31st August 2024. Included within the trustees' report is the directors' report as required by company law.

Reference and administra�ve informa�on set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and ar�cles of associa�on and the Statement of Recommended Prac�ce - Accoun�ng and Repor�ng by Chari�es: SORP applicable to chari�es preparing their accounts in accordance with FRS 102.

Objec�ves and strategy

The charitable purposes of the company remain:

Our Mission: We strengthen local connec�ons and enable our community to make change happen for themselves and for their neighbourhood.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the chari�es aims and objec�ves and in planning its future ac�vi�es.

Our key challenges

The funding landscape has become more challenging for us during the past 12 months, however we managed to deliver a successful Crowdfunder in Aug 2024 which was matched by both AVIVA and a Cost of Living Grant and overall raised c. £30k.

2

Cre8 Macclesfield Ltd Trustees’ annual report for the year ended 31st August 2024

Our projects and achievements

Our ac�vi�es during the year con�nue to underpin and deliver our strategic priori�es and are outlined below.

Youth Work

Youth work is at the core of what we do. We use the Na�onal Youth Work curriculum as the basis of the youth work we deliver. Through our work funded by Cheshire Community Founda�on and local fundraising ac�vi�es, we delivered work alongside our young leaders. The young leaders group were key in organising and helping deliver, ac�vi�es including community events, trips and residen�als.

Since August 2023, we have con�nued to train a Youth Work Appren�ce - a young person from the local community. We also con�nue to encourage young leaders to help out at as many ac�vi�es as possible at Cre8.

Encouraging work and par�cipa�on is central to our passion for community work, and we delivered a fundraising event to help fund our Camas Residen�al in August 2024.

Learning Plus

This is a one-toCheshire East. We engage young people through youth work; working alongside them to tailor session to suit their interests and needs. We work to improve self-esteem, behavi our management and learning, basic social skills, and prac�cal life skills through which informal educa�on takes places. The aim is to get young people back into school with increased confidence and new skills. We work alongside local schools as they re fer young people to access this package.

Clubs

We have delivered Clubs and Residen�als for young people. We run two youth clubs weekly; one being a primary age club and the other an older 11-16 club. These are tradi�onal youth clubs with ac�vi�es focussing on having fun together, preparing and ea�ng food, engaging in sport and art ac�vi�es and going on trips as a group. Both clubs have a strong membership and have benefi�ed from a team of dedicated and commi�ed volunteers to support the staff team and to ensure delivery to the local community.

Residen�als

Supported through fundraising and grant funding from the Russell Trust, we successfully delivered two residen�als, which were over -subscribed, including Camas, which saw 18 young people spend a week away living in community. This intensive week away creat es las�ng life experiences, for the young people and our staff and volunteer team. We also went to Kirham Boys Brigade centre with the primary club. This is an ac�vity centre with large sports facili�es.

3

Cre8 Macclesfield Ltd Trustees’ annual report for the year ended 31st August 2024

Cre8 Enterprise

Our opera�onal performance and achievements have included ongoing investment in Social Enterprise, which con�nues to provide meaningful work opportuni�es for young people who live locally. This ini�a�ve delivers small projects with at risk young people. Working intensively through 1-2-1 work, we engage young people who may not have engaged with school or other Cre8 groups, and provide a safe space to develop skills and improve mental and physical health. Projects include DIY tasks at the Cre8 buildings, clearing and maintenance work on Cre8 sheds, and Christmas Tree selling for the fourth year running. This annual event is a key fixture in the local community and provides paid employment for young people.

Cre8 Facili�es

This is our social enterprise business delivering a high- washing service to Creamline Dairies in Manchester and Peaks and Plains in Macclesfield. Cre8 has delivered the commercial contract for Creamline Dairies for the past ten years. Our contract with Peaks and Plains Housing Trust started about 2.5 years ago washing the fleet of vans at the back of St.Barnabas Church.

Project Grow

Community Fund. The project recognises and mobilises our local talents while also building on our years of community experience. We successfully expanded our grocery pro vision into Bollington as well as Hurdsfield and the Moss Estate. We are now working with our partners and volunteers to streamline and sustain the Grocery from Sept 2024.

We have adapted our Project Grow to deliver food to those who need it most, both within our local community as well as across Macclesfield, and con�nue to support the establishment of a Food Network Partnership across Macclesfield.

The Award-winning Garden and Allotment at St Barnabas Church remains a great asset providing a large safe outdoor space for people to meet. It has con�nued to be a space our communi�es have used for a whole host of gatherings including mee�ngs, par�es, and celebra�ons, as well as a place to relax and reflect, as well as garden and learn new skills.

Cre8 Music

During 2023/4 we con�nued to deliver two music drop in sessions each week. One for primary age young people and the second for secondary age young people these were a place for young people to learn to play an instrument, work together and perform togeth er. We completed two concerts this year; the first at Christmas and the secondary at the end of the academic year. These clubs were funded through a combina�on of Love Music Trust, Youth Music, and our own fundraising.

4

Cre8 Macclesfield Ltd Trustees’ annual report for the year ended 31st August 2024

music delivery. This included successful work with Youth Jus�ce and devliery of workshops with young people. This rela�onship is now well established and we hope to co n�nue this work in the future.

We have also looked to secure alterna�ve funding streams to ensure we can con�nue music making ac�vi�es and regular concerts. Doing youth work through the provision of music is a fundamental part of the culture of Cre8 and we remain hopeful to secure further funding.

in suppor�ng our Food Pantry, our youth clubs, our music clubs and also providing outreach mentoring.

We give thanks to our major funders; Cheshire Community Founda�on, Youth Music, Love Music Trust, Na�onal Lo�ery Community Fund, The Rank Founda�on, The Albert Trust, Cheadle Royal Hospital Trust, Macclesfield Town Council, and Cheshire East Council.

We con�nuously appreciate the support of all our individual donors, and all the volunteers who provide their �me to support our community to enable change to happen.

Financial review

Cre8 made a deficit of £ 39.9 k in the 2024 financial year (2023: deficit of £9.2k), which was significantly adverse to budget. Income fell by 7%, reflec�ng a disappoin�ng performance in delivering grant income. Due to the infla� onary environment and some one off items of expenditure, there was a limited increase in total expenditure of 2.6%. The trustees have budgeted for a small surplus in 2024/25. Due to the sa�sfactory posi�on brought forward, we believe that we will have sufficient reserves at 31st August 2024 to comply with our reserves policy (see below).

In summary, total funds reduced by £39.9k in 2024 and stood at £91k (2023: £131k) at the end of the year with cash reserves at £92k (2023: £106k).

5

Cre8 Macclesfield Ltd Trustees’ annual report for the year ended 31st August 2024

Reserves policy

At the start of the year the reserves policy (set out in 2022/23) was to maintain - unrestricted reserves less fixed assets at a minimum of 12 months of non discre�onary expenditure net of expected residual income. In agreeing this policy, the trustees applied probabili �es against the budgeted unrestricted inflows and ou�lows reflec� ng the extent to which the income and expenditure is ‘guaranteed’ or ‘commi � ed’. Under the revised reserves policy, unrestricted reserves less fixed assets comprised 0.91% of projected non-discre � onary expenditure less expected residual income, or 11 months. During the year, as the performance on delivering grant income became apparent, some strategic decisions were taken to reduce costs in order to minimise the impact on reserves levels. Since the year end the full impact of these decisions has resulted in an improvement such that the current projected reserves posi�on for August 2025 has recovered to a solid level, well in excess of the minimum set out above.

The reserves policy and probabili � es will be reviewed regularly and at least annually by the trustees.

Plans for the future

focus on our core ac�vi�es which is the delivery of youth work in and through all we do. The 3 strategic aims con�nue to be:

  1. To deliver high quality youth and community work that achieves sustainable change within the Moss Rose Estate;

  2. To nurture, enable and empower others who want to do good things in our community;

  3. To create learning opportuni � es that grow the youth leaders of the future. The following strategic priori � es were agreed:

  4. Con be the best that they can be and con nue to ensure our systems and processes support all of our delivery;

  5. Establish a young leader programme, to support young people from the Moss and across community to be able to work within a youth work se � ng;

  6. Con�nue to expand our por�olio of work, through increased engagements with business; we will be brave and will take risks

Structure, governance and management

The organisa � on is a charitable company limited by guarantee, incorporated on 11[th] August 2011 and registered as a charity on 4th May 2012. The company was established under a memorandum of associa � on which established the objects and powers of the charitable company and is governed under its ar � cles of associa � on. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.

6

Cre8 Macclesfield Ltd Trustees’ annual report for the year ended 31st August 2024

mes each year. The Trustees are members of the charity but this en � tles them only to vo � ng rights. The trustees have no beneficial interest in the charity.

The Trustees are selected to ensure an appropriate balance of skills and experience and involvement in the local area. We have an established Trustee team, which has remained constant over the last year, and who have specialist skills including Finance, Law, Social Care, Youth Work and Health. Recruitment of Trustees follows Cre8’s Volunteering Policy and Procedures. We adver �se for Trustees with specific skills, u � lizing local adver � sing groups such as Cheshire East Community & Voluntary Services. Once an enquiry has been made, the poten � al Trustee meets separately with the Director and the Chair of Trustees, before comple � ng an applica � on form, references, confiden� al self-declara � on form and DBS check. The appointment of a person as a Trustee is subject to approval by the Trustees.

All Trustees give their expenses reclaimed from the charity are set out in note 10 to the accounts. All current trustees have confirmed that they have read CC03 with respect to understanding their roles and responsibili �es as trustees. Several trustees have in the past a�ended virtual training related to Charity Governance and have reported back to the trustee team. All trustees a � end Safeguarding training each year.

Related par � es and rela � onships with other organisa � ons

Cre8 Works Ltd and Cre8 Facili � es Ltd are wholly owned subsidiaries of Cre8 Macclesfield Ltd.

Remunera � on policy for key management personnel

Cre8 operates a pay-scale that includes a number of dis � nct pay grades. The grades and job descrip � ons are benchmarked to na � onal data available for our industry sector.

Risk management

Trustees have iden along with relevant controls and mi � ga � ons, which the Finance & HR Commi � ee, and trustees, review at least annually.

7

Cre8 Macclesfield Ltd Trustees’ annual report for the year ended 31st August 2024

Statement of responsibili�es of the trustees

The trustees (who are also directors of Cre8 Macclesfield Ltd for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accoun�ng Standards (United Kingdom Generally Accepted Accoun�ng Prac�ce).

year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and applica�on of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accoun�ng records that disclose with reasonable accuracy at any �me the financial posi�on of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the preven�on and detec�on of fraud and other irregulari�es.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

The trustees’ annual report has been approved by the trustees on 24/03/2025 and signed on their behalf by

Jenni Hardy Chair

8

Independent examiner’s report to the trustees of

I report to the charity trustees on my examina�on of the accounts of the company for the year ended 31st August 2024 which are set out on pages 10 to 30.

Responsibili�es and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the prepara�on of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

under Part 16 of the 2006 Act and are eligible for independent examina�on, I report in respect of my examina�on of your company’s accounts as carried out under sec�o n 145 of the Chari�es Act 2011 (‘the 2011 Act’). In carrying out my examina�on I have followed the Direc�ons given by the Charity Commission under sec�on 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in sec�on 145 of the 2011 Act. I confirm that I am qualified to undertake the examina�on because I am a member of the Associa�on of Chartered Cer�fied Ac countants, which is one of the listed bodies.

in connec�on with the examina�on giving me cause to believe that in any material respect:

  1. accoun�ng records were not kept in respect of the company as required by sec�on 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accoun�ng requirements of sec�on 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a ma�er considered as part of an independent examina�on; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Prac�ce for accoun�ng and repor�ng by chari�es applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other ma�ers in connec�on with the examina�on to which a�en�on should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Christy Lau FCCA CTA DChA Slade & Cooper Limited Beehive Mill, Jersey Street, Ancoats Manchester, M4 6JG DATE 10/04/2025

9

Cre8 Macclesfield Ltd

Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 August 2024

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
53,663
Charitable activities
4
154,583
Investments
5
17,768
Total income
226,014
Expenditure on:
Charitable activities
6
248,132
Total expenditure
248,132
(22,118)
8
(22,118)
Transfer between funds
-
Net movement in funds for the year
(22,118)
Reconciliation of funds
Total funds brought forward
107,623
Total funds carried forward
85,505
Net income/(expenditure) before
net gains/(losses) on investments
Net income/(expenditure) for the
year		 Restricted
funds
£
-
60,882
-
60,882
78,623
78,623
(17,741)
(17,741)
-
(17,741)
23,069
5,328		 Total funds
2024
£
53,663
215,465
17,768
286,896
326,755
326,755
(39,859)
(39,859)
-
(39,859)
130,692
90,833		 Total funds
2023
£
56,944
245,851
6,276
309,071
318,283
318,283
(9,212)
(9,212)
-
(9,212)
139,904
130,692

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

A full comparative SOFA is available on the last page of the financial statements.

10

Cre8 Macclesfield Ltd Company number 7737871

Balance sheet as at 31 August 2024

Note
£
£
Fixed assets
Tangible assets
14
5,000
Current assets
Debtors
15
15,368
Cash at bank and in hand
16
91,842
Total current assets
107,210
Liabilities
Creditors: amounts falling
due in less than one year
17
(21,377)
Net current assets
85,833
Total assets less current liabilities
90,833
Net assets
90,833
The funds of the charity:
Restricted income funds
18
5,328
Unrestricted income funds
19
85,505
Total charity funds
90,833
2024		 £
£
13,816
21,916
106,392
128,308
(11,432)
116,876
130,692
130,692
23,069
107,623
130,692
2023		 £
£
13,816
21,916
106,392
128,308
(11,432)
116,876
130,692
130,692
23,069
107,623
130,692
2023
130,692
130,692
23,069
107,623
130,692

For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 13 to 30 form part of these accounts.

Approved by the trustees on 24/03/2025 and signed on their behalf by:

Jennifer Hardy (Chair)

Laura Mummery (Treasurer)

11

Cre8 Macclesfield Ltd

Statement of Cash Flows for the year ending 31 August 2024

Note
2024
£
Cash provided by/(used in) operating activities
22
(32,318)
Cash flows from investing activities:
Dividends, interest, and rents from investments
17,768
Cash provided by/(used in) investing activities
17,768
(14,550)
Cash and cash equivalents at the beginning of the year
106,392
Cash and cash equivalents at the end of the year
91,842
Increase/(decrease) in cash and cash
equivalents in the year		 2023
£
(17,469)
6,276
6,276
(11,193)
117,585
106,392

12

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

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), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.

Cre8 Macclesfield Ltd meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

The trustees have made no key judgments which have a significant effect on the accounts.

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 amount of assets and liabilities within the next reporting period.

13

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

c Income

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

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ 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.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

d Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e 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.

14

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

f 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 charity’s work or for specific projects being undertaken by the charity.

g Expenditure and irrecoverable VAT

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. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h Tangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

IT Software 33% Motor Vehicles 33% or the duration of a project where a vehicle relates to a specific projecct.

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.

15

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

l Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

m Pensions

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 9. There were £nil outstanding contributions at the year end (2023: £680).

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

3 Income from donations and legacies

Donations
General
Oliver Valves
Total
Previous Reporting Period
Donations
General
Oliver Valves
Total		 Unrestricted
£
23,663
30,000
53,663
Unrestricted
£
26,944
30,000
56,944		 Restricted
£
-
-
-
Restricted
£
-
-
-		 Total 2024
£
23,663
30,000
53,663
Total 2023
£
26,944
30,000
56,944

16

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

4 Income from charitable activities

Grants and contracts
Bolton College
Cheshire Community Foundation
Community & Voluntary Services
Cancer Alliance
Love Music Trust
Macclesfield Town Council
Neighbourly
The Albert Hunt Trust
The Russell Trust
The Swallow Trust
Fees and other income
Contract Work
Fund Raising
Other income
Total
Participation Project
The National Lottery Community
Fund
National Foundation for Youth
Music
Cooking Groups
Grow		 Unrestricted
£
500
-
-
-
-
-
-
-
-
4,000
-
47,500
52,000
64,621
2,924
35,038
102,583
154,583		 Restricted
£
-
2,500
1,000
1,250
2,000
8,500
7,392
1,500
33,740
-
3,000
-
60,882
-
-
-
-
60,882		 Total 2024
£
500
2,500
1,000
1,250
2,000
8,500
7,392
1,500
33,740
4,000
3,000
47,500
112,882
64,621
2,924
35,038
102,583
215,465

17

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

4 Income from charitable activities (Cont.)

Previous Reporting Period
Grants and contracts
Bentley ALC Small Grants
Cheadle Royal Hospital Trust
Cheshire Community Foundation -
CCF ReCre8
CCF Best days 2023
Cheshire East Council
Warm PlaCEs
Leavers Coulson Trust
Love Music Trust
Macclesfield Town Council
Warm Spaces project
Older Persons Christmas Party
Neighbourly
The Rank Foundation
The Swallow Trust
Youth Music
Fees and other income
Contract Work
Fund Raising
Other income
Total
Investment income
Income from bank deposits
Gift aid from Subsidiary
The National Lottery Community		 Unrestricted
£
-
2,000
500
-
-
250
-
-
1,000
-
-
-
-
25,000
-
28,750
42,008
6,108
35,175
83,291
112,041		 Restricted
£
500
-
-
14,824
3,950
-
780
1,500
-
300
1,000
73,053
20,000
-
17,903
133,810
-
-
-
-
133,810
2024
£
1,688
16,080
17,768		 Total 2023
£
500
2,000
500
14,824
3,950
250
780
1,500
1,000
300
1,000
73,053
20,000
25,000
17,903
162,560
42,008
6,108
35,175
83,291
245,851
2023
£
955
5,321
6,276

5 Investment income

All investment income is unrestricted.

18

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

6 Analysis of expenditure on charitable activities

Subcontractors
Repairs and Maintenance
Residential and Catering
Activities, materials and resources
Other Professional fees
Governance costs (see note 7)
Restricted expenditure
Unrestricted expenditure
Volunteers
Miscellaneous
Insurance
Travel
Administration
Equipment
Staff costs
Depreciation
Premises		 Total 2024
£
245,904
6,794
1,222
6,032
2,809
8,663
6,310
7,635
6,520
3,412
7,658
3,083
9,440
8,816
2,457
326,755
2024
£
78,623
248,132
326,755		 Total 2023
£
212,332
17,036
2,038
8,896
3,242
11,908
5,446
9,068
7,228
1,968
9,639
5,982
11,594
10,132
1,774
318,283
2023
£
133,777
184,506
318,283

7 Analysis of governance costs

Accountancy services 2024
£
2,457
2,457		 2023
£
1,774
1,774

19

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

8 Net income/(expenditure) for the year

This is stated after charging/(crediting): 2024 2023
£ £
Depreciation 8,816 10,132
Independent examiner's fee
Independent examination 788 750
Accountancy 1,260 1,200

9 Staff costs

Staff costs during the year were as follows:

ff costs during the year were as follows:
Wages and salaries
Social security costs
Pension costs		 2024
£
231,061
8,741
6,102
245,904		 2023
£
197,604
8,462
6,266
212,332

During the year £21,587 (2023: £18,668) of the above costs were recharged to one of the charity's subsidiaries.

No employee has employee benefits in excess of £60,000 (2023: Nil).

The average number of staff employed during the period was 20.3 (2023: 21.1).

The average full time equivalent number of staff employed during the period was 9.7 (2023: 8.7).

The key management personnel of the charity comprise the trustees and senior management of the charity. The total employee benefits of the key management personnel of the charity were £205,961 (2023: £154,853).

20

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

10 Trustee remuneration and expenses

One trustee, Ameera Fletcher, was paid as an employee by the charity in the year. Ameera Fletcher was paid as an employee £62,743 (2023: £51,424) by the charity in the year.

The employment of Ameera Fletcher is in accordance with the governing document of the charity.

No other trustees, nor any persons connected with them received any remuneration or reimbursed expenses during the year (2023: £nil).

No (2023:no) trustee received travel and subsistence expenses of during the year (2023:£nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year.

11 Related party transactions

The charity has two subsidiaries:-

Cre8 Facilities Limited

Cre8 Facilities Limited
2024 2023
£ £
Transactions in the period comprised:
Gift Aid payment from subsidiary 16,080 5,321
Recharge of expenses to subsidiary 24,049 21,154
Balance owed by/(to) the subsidiary at period end 2,122 1,169

In accordance with guidance from the Financial Reporting Council in December 2017, the subsidiary no longer accrues the gift aid payment within its accounts. The payment to the parent charity will still be made within 9 months of the year end.

21

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

12 Government grants

The government grants recognised in the accounts were as follows:

Cheshire East Council
Macclesfield Town Council		 2024
£
-
10,500
10,500		 2023
£
250
1,300
1,550

There are no unfulfilled conditions and contingencies attaching to the grants.

13 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

14 Fixed assets: tangible assets

Cost
Additions
Disposals
Depreciation
Charge for the year
Disposals
Net book value
At 1 September 2023
At 31 August 2023
At 1 September 2023
At 31 August 2024
At 31 August 2024
At 31 August 2024		 IT Software
£
3,396
-
-
3,396
2,830
566
-
3,396
-
566		 Motor
Vehicles
£
54,939
-
-
54,939
41,689
8,250
-
49,939
5,000
13,250		 £
58,335
-
-
Total
58,335
44,519
8,816
-
53,335
5,000
13,816

22

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

15 Debtors

15
Debtors
Fees Receivable
Cre8 Facilities Limited
Grant Receivable
Prepayments
16
Cash at bank and in hand
Short term deposits
Cash at bank and on hand		 2024
£
5,020
2,122
-
8,226
15,368
2024
£
42,792
49,050
91,842		 2023
£
-
1,169
12,500
8,247
21,916
2023
£
61,105
45,287
106,392

17 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Other creditors and accruals
Taxation and social security costs		 2024
£
11,613
6,754
3,010
21,377		 2023
£
4,753
4,177
2,502
11,432

23

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

18 Analysis of movements in restricted funds

Love Music Trust
Neighbourly
The Russell Trust
Total
Macclesfield Town
Council Grow
Cheshire
Community
Foundation
ReCre8
Cheshire
Community
Foundation Best
days 2023
The Rank
Foundation
The National
Lottery
Community Fund
National
Foundation for
Youth Music
Cheshire
Community
Foundation
Participation
Project
CVS Cancer
Alliance
Macclesfield Town
Council Cooking
Groups		 Balance at
1
September
2023
£
2,800
-
320
-
-
-
-
-
-
15,264
4,685
-
23,069		 Income
£
-
2,500
-
1,000
1,250
2,000
8,500
7,392
1,500
33,740
-
3,000
60,882		 Expenditure
£
(2,800)
(2,500)
(320)
(1,000)
(1,250)
(2,000)
(3,172)
(7,392)
(1,500)
(49,004)
(4,685)
(3,000)
(78,623)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 August
2024
£
-
-
-
-
-
-
5,328
-
-
-
-
-
5,328

24

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

18 Analysis of movements in restricted funds (Cont.)

Youth Music
Total
Co-op Local
The Rank
Foundation
Leavers Coulson
Trust
Cheshire
Community
Foundation Best
days 2023
Bentley ALC Small
Grants
Cheshire
Community
Foundation
ReCre8
Previous Reporting
Period
Love Music Trust
The National
Lottery
Community Fund
Older Persons
Christmas Party
Small Groups
Minds Matter
Police Crime
Commissioner
Cheshire
Neighbourly		 Balance at
1
September
2022
£
4,657
1,491
-
14,616
1,254
-
-
1,004
14
-
-
-
23,036

 Income
£
17,903
-
1,500
73,053
20,000
14,824
3,950
-
-
1,000
780
500
300
133,810		 Expenditure
£
(22,560)
(1,491)
(1,500)
(72,405)
(16,569)
(14,504)
(1,150)
(1,004)
(14)
(1,000)
(780)
(500)
(300)
(133,777)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 August
2023
£
-
-
-
15,264
4,685
320
2,800
-
-
-
-
-
-
23,069

25

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

18 Analysis of movements in restricted funds (Cont.)

Name of restricted fund Description, nature and purposes of the fund

Cheshire Community Foundation

National Foundation Open Programme grant. Used for music project activities for Youth Music

Neighbourly To help train volunteers, volunteers to deliver community events, and to purchase additional food for events. The National Lottery Cre8 project grow; a sustainable, low-cost food network, accessible Community Fund neighbourhood green space and local people developing their own community, health and wellbeing activities

26

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

18 Analysis of movements in restricted funds (Cont.)

Name of restricted fund Description, nature and purposes of the fund The Rank Foundation Time to Shine Leadership Programme, funding full-time administrator for 12 months The Russell Trust To fund young people to attend our annual residential in Camas. Co-op Local Cause Small work projects to enhance local community including gardening, maintenance & building plants and work benches Small Groups Minds Funded through Cheshire Minds Matter, delivering small project work for Matter young people Police Crime Supporting young people into work with preparation and volunteering Commissioner experiences Cheshire

27

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

19 Analysis of movement in unrestricted funds

General fund
General fund
Previous Reporting
Period
Name of
unrestricted fund
General fund		 Balance at
1
September
2023
Income
Expenditure
Transfers
£
£
£
£
107,623
226,014
(248,132)
-
107,623
226,014
(248,132)
-
Balance at
1
September
2022
Income
Expenditure
Transfers
£
£
£
116,868
175,261
(184,506)
-
116,868
175,261
(184,506)
-
Description, nature and purposes of the fund
The free reserves after allowing for all designated funds
 As at 31
August
2024
£
85,505
85,505
As at 31
August
2023
£
107,623
107,623

20 Analysis of net assets between funds

Tangible fixed assets
Net current assets/(liabilities)
Total
Previous Reporting Period
Tangible fixed assets
Net current assets/(liabilities)
Total		 General
fund
£
5,000
80,505
85,505
General
fund
£
13,816
93,807
107,623		 Designated
funds
£
-
-
-
Designated
funds
£
-
-
-		 Restricted
funds
£
-
5,328
5,328
Restricted
funds
£
-
23,069
23,069		 Total
£
5,000
85,833
90,833
Total
£
13,816
116,876
130,692

28

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

21 Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:

Less than one year
One to five years
Over five years		 2024
2023
£
£
2
2
11
13
-
-
13
15
Property		 2024
2023
£
£
2
2
11
13
-
-
13
15
Property
15

22 Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year
Adjustments for:
Depreciation charge
Dividends, interest and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating		 2024
£
(39,859)
8,816
(17,768)
6,548
9,945
(32,318)		 2023
£
(9,212)
10,132
(6,276)
(14,065)
1,952
(17,469)

29

Cre8 Macclesfield Ltd

Notes to the accounts for the year ended 31 August 2024 (continued)

23 Prior year Statement of Financial Activities (including Income and Expenditure account)

Income from:
Donations and legacies
Charitable activities
Investments
Total income
Expenditure on:
Charitable activities
Total expenditure
Transfer between funds
Reconciliation of funds
Total funds brought
forward
Total funds carried
forward
Net
income/(expenditure)
before net
Net
income/(expenditure)
for the year
Net movement in funds
for the year		 Unrestricted
funds
£
56,944
112,041
6,276
175,261
184,506
184,506
(9,245)
(9,245)
-
(9,245)
116,868
107,623		 Restricted
funds
£
-
133,810
-
133,810
133,777
133,777
33
33
-
33
23,036
23,069		 Total funds
2023
£
56,944
245,851
6,276
309,071
318,283
318,283
(9,212)
(9,212)
-
(9,212)
139,904
130,692		 Total funds
2022
£
70,748
196,415
12,692
279,855
328,335
328,335
(48,480)
(48,480)
-
(48,480)
188,384
139,904

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

30