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2021-07-31-accounts

Company Registration No. 08969288 (England and Wales)

CREATIVITY WORKS PRESTON ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021

CREATIVITY WORKS PRESTON ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS

Page
Company information 3
Director's report 4
Income statement 5
Statement of financial position 6
Notes to the accounts 7
Detailed profit and loss account 9

CREATIVITY WORKS PRESTON COMPANY INFORMATION FOR THE YEAR ENDED 31 JULY 2021

Director Steven Egan Company Number 08969288 (England and Wales) Registered Office 33 SHEPHERD STREET PRESTON PR1 3UE Accountants SMART ACCOUNTING (NW) LTD 239 RIBBLETON LANE PRESTON PR1 5EA

CREATIVITY WORKS PRESTON (COMPANY NO: 08969288 ENGLAND AND WALES) DIRECTOR'S REPORT

The director presents his report and accounts for the year ended 31 July 2021.

Directors

Steven Egan held office during the whole of the period.

Statement of directors' responsibilities

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they 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 these accounts, the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them 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.

Small company provisions

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Signed on behalf of the board of directors

............................................................................

Steven Egan Director

Approved by the board on: 13 December 2021

CREATIVITY WORKS PRESTON INCOME STATEMENT FOR THE YEAR ENDED 31 JULY 2021

Turnover
Cost of sales
Gross profit
Administrative expenses
Other operating income
Operating profit/(loss)
Interest payable and similar charges
Profit/(loss) on ordinary activities before taxation
Tax on profit/(loss) on ordinary activities
Profit/(loss) for the financial year		 2021
£
553,533
(283,515)
270,018
(315,992)
81,350
35,376
-
35,376
-
35,376		 2020
£
359,953
(175,335)
184,618
(259,417)
47,028
(27,771)
(7,748)
(35,519)
-
(35,519)

CREATIVITY WORKS PRESTON STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2021

Notes
Fixed assets
Tangible assets
4
Current assets
Debtors
5
Cash at bank and in hand
Creditors: amounts falling due within one year
6
Net current assets
Net assets
Capital and reserves
Profit and loss account
Shareholders' funds		 2021
£
477
50,858
57,672
108,530
(48,226)
60,304
60,781
60,781
60,781		 2020
£
582
12,811
71,507
84,318
(59,495)
24,823
25,405
25,405
25,405

For the year ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.

The financial statements were approved by the Board and authorised for issue on 13 December 2021 and were signed on its behalf by

Steven Egan Director

Company Registration No. 08969288

CREATIVITY WORKS PRESTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021

1 Statutory information

CREATIVITY WORKS PRESTON is a private company, limited by shares, registered in England and Wales, registration number 08969288. The registered office is 33 SHEPHERD STREET, PRESTON, PR1 3UE.

2 Compliance with accounting standards

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

3 Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Presentation currency

The accounts are presented in £ sterling.

Tangible fixed assets and depreciation

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Plant & machinery
18% on WDV
4
Tangible fixed assets
Cost or valuation
At 1 August 2020
At 31 July 2021
Depreciation
At 1 August 2020
Charge for the year
At 31 July 2021
Net book value
At 31 July 2021
At 31 July 2020
5
Debtors: amounts falling due within one year
Trade debtors
Other debtors		 2021
£
41,471
9,387
50,858		 Plant &
machinery
£
At cost
2,159
2,159
1,577
105
1,682
477
582
2020
£
3,424
9,387
12,811

CREATIVITY WORKS PRESTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021

6 Creditors: amounts falling due within one year
Creditors: amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Other creditors		 2021
£
48,226
-
-
48,226		 2020
£
50,000
2,948
6,547
59,495

7 Average number of employees

During the year the average number of employees was 20 (2020: 0).

CREATIVITY WORKS PRESTON DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 JULY 2021

This schedule does not form part of the statutory accounts.

Turnover
Sales
Cost of sales
Subcontractor costs
Other direct costs
Gross profit
Administrative expenses
Wages and salaries
Directors' salaries
Employer's NI
Temporary staff and recruitment
Staff training and welfare
Travel and subsistence
Rent
Rates
Light and heat
Telephone and fax
Stationery and printing
Subscriptions
Bank charges
Insurance
Equipment hire
Repairs and maintenance
Depreciation
Accountancy fees
Advertising and PR
Other operating income
Government grants
Operating profit/(loss)
Interest payable
Other loans
Profit/(loss) on ordinary activities before taxation		 2021
£
553,533
72,179
211,336
283,515
270,018
207,935
870
10,927
-
12,464
24,805
7,250
3,169
12,593
2,722
-
2,214
71
4,416
22,939
-
105
3,000
512
315,992
81,350
35,376
-
35,376		 2020
£
359,953
28,328
147,007
175,335
184,618
150,417
8,011
6,085
3,996
23,762
11,699
10,616
4,211
7,444
1,926
140
1,341
76
2,924
14,382
8,389
128
3,480
390
259,417
47,028
(27,771)
7,748
(35,519)

CREATIVITY WORKS PRESTON

ANNUAL REPORT AUGUST 2020 TO JULY 2021

REPORT OF THE MANAGEMENT COMMITTEE FOR THE YEAR ENDED 31ST JULY 2021.

The Management Committee presents its directors’ report and financial statements for the year ended 31st July 2020.

REFERENCE AND ADMINISTRATIVE INFORMATION

Charity Name: Creativity Works Preston Charity Registration number: 1161063 Company registration number: 8969288

REGISTERED OFFICE AND OPERATIONAL ADDRESS:

33 Shepherd Street Preston PR1 3YD

MANAGEMENT COMMITTEE

Mr Bill Adams Chair Mr Russell Hogarth Mr Paul Wallace Mr David Walker Miss Holly Breakell

SECRETARY

Miss Lauren Breakell

SENIOR MANAGEMENT TEAM

Mr Steve Egan Chief Executive Mrs Anita McGreevy, Compliance & Operations Manager Lauren Breakell, Centre Manager

BANKERS

HSBC, 331 Lord St, Southport, PR8 1NJ NatWest, Fishergate, Preston, PR1 2AD

Creativity Works Preston Annual Report 1[st] August 2020 to July 31[st] , 2021

INTRODUCTION FROM THE CHAIR

COVID

The pandemic had a severe impact on our capacity to work with young people resulting in a small loss for the first time in our existence. Staff had to be furloughed and for a significant period of time our continued existence was uncertain. Fortunately, thanks in no small part to our partners and the Govt support we managed to survive and continue our operation.

Our staff team is greatly valued. They are an outstanding team of caring, talented, and loyal individuals, who always prioritise the safety, welfare, and ambitions of our clients. They are ably led by our CEO Steve Egan and Anita McGreevy.

My personal thanks to them and their excellent staff for the dedicated work they do in this highly specialist field.

Bill Adams

Creativity Works Preston Annual Report 1[st] August 2020 to July 31[st] , 2021

INTRODUCTION FROM THE CHIEF EXECUTIVE

With the COVID situation still far from over it is difficult to make any significant or concrete plans. We will continue to follow Government guidance and where possible remain open for the most vulnerable of students.

I want to thank the Trustees for continuing to support the organisation, giving up free time to do so should never be taken for granted and we, the whole staff team, certainly don’t.

My second vote of thanks goes to the whole staff team for their resilience, flexibility and commitment to keep on doing the excellent and vital work. It is very easy to take people for granted but I only need to look around at other organisations and reminisce about my previous working experiences to realise what a special team we have.

Finally, and behalf of all involved at CWP I would like to place on record our continued thanks to Chris Whalley of One File for the donation of licences for E portfolios, Mick O’Flaherty for his valuable staff development support and Vicky Keelan and family for continued use of the building. They make a difficult job a little bit easier.

Steve Egan

Creativity Works Preston Annual Report 1[st] August 2020 to July 31[st] , 2021

OUR AIMS AND OBJECTIVES

Our charity’s purposes as set out in the objects contained in the company’s Articles of association are to:

‘provide alternative education to marginalised people who need to learn in a different way to the traditional education system. The crux of the learning environment and pedagogy is learning through doing. We do this by providing an inclusive, professional and supportive learning environment for individuals irrespective of their circumstances or background’.

We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help.

The review also helps us ensure our aim, objectives and activities remained focused on our stated purposes.

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities.

In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

As part of this review, we wanted to simplify and capture what we are about and it is simply:

to make learning fun!

Creativity Works Preston Annual Report 1[st] August 2020 to July 31[st] , 2021

THE FOCUS OF OUR WORK

Our focus continues to be the provision of education to people in need of alternative approaches. Specifically, we focus on learning by doing and Production Education.

The strategies we used to meet these objectives included:

HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT

Our main activities and who we try to help are described below. All our charitable activities focus upon engaging people who are marginalised from mainstream society. Through engagement in our programmes individuals are up skilled, develop confidence and self-esteem which in turn moves them closer to the job market and become more active and productive citizens.

Creativity Works Preston Annual Report 1[st] August 2020 to July 31[st] , 2021

WHO USED AND BENEFITED FROM OUR SERVICES?

In the academic year 2020/2021, CWP worked with a total of 67 learners (57 school pupils, and 10 NEET young people aged 16-18 (25 with EHCP)) across five departments (Media, Music, Childcare, Food Technology, Hair and Beauty).

Out of 67 learners 53 remained at CWP until the end of the academic year. Of the remaining 14, two reengaged and subsequently returned to mainstream education, 2 were permanently excluded from CWP, and 10 were withdrawn due to variety of reasons unrelated to CWP provision.

We started a total of 76 learning aims, both regulated and non-regulated, with targets to be completed by the end of the 2020/2021 academic year. Sixty one have been completed and fully achieved.

Based on the above figures in the academic year 2020/21 for both schools and post 16 programmes the figures for CWP were as follows:

Out of 67 school pupils, 88% had a learning difficulty/disability or were at risk of permanent exclusion.

All NEET learners had one or more of the following barriers to learning: mental health, emotional and behavioural or family issues; learning difficulty/disability, were in care/supported accommodation, young offenders/at risk of offending, were in economic difficulty.

Creativity Works Preston Annual Report 1[st] August 2020 to July 31[st] , 2021

----- Start of picture text -----
All provision 2020/2021
100%
80%
60%
40%
20%
0%
ALL PROVISION
All provision
Retention 94%
Achievement rate 100%
Success rate 80%
Retention Achievement rate Success rate
----- End of picture text -----

Creativity Works Preston Annual Report 1[st] August 2020 to July 31[st] , 2021

GOVERNANCE, STAFFING AND QUALITY

The organisation is a charitable company limited by guarantee, incorporated on 1[st] April 2014 and registered as a charity on 27[th] March 2015.

We have established a brilliant, diverse and committed management board to oversee our continuous improvement. It’s a bold statement and we are obviously biased but facts are facts!

We are conscious of the need to have a board of trustees that reflect the local community. All our Trustees are from Preston and have connections with Education and Training in their personal careers.

TRUSTEE INDUCTION AND TRAINING

Most trustees are already familiar with the practical work of the charity having been involved in one capacity or another with similar charities or organisations in the past.

All trustees are invited and encouraged to attend a series of short training sessions (of no more than an hour) to familiarise themselves with the charity and the context within which it operates.

STAFFING & QUALITY

In 2020-21 we employed:

Of that figure 7 joined CWP as part of the Governments Kick Start scheme. Our teams are split into two main areas:

Learning Support

Delivery team:

Creativity Works Preston Annual Report 1[st] August 2020 to July 31[st] , 2021

FINANCE

As a local charity we believe in transparency with regards income and expenditure full details to be found in our published accounts.

In relation to income the main sources were from schools, grants and ESF with salaries accounting for the bulk of expenditure.

PRINCIPAL FUNDING SOURCES

Creativity Works Preston Annual Report 1[st] August 2020 to July 31[st] , 2021

RESERVES POLICY

Our aim is to make a yearly surplus to build a sustainable charity that serves as many people as possible. We aim to hold reserves equivalent to 3 months’ running costs, invest in facilities, in staff and in trainees.

The Management Committee has examined the charity’s requirements for reserves considering the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be 3 months of the expenditure. Therefore, the target is £90,000 in general funds.

The reserves are needed to meet the working capital requirements of the charity and the Management Committee are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding.

PLANS FOR FUTURE PERIODS

Creativity Works Preston Annual Report 1[st] August 2020 to July 31[st] , 2021