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2022-07-31-accounts

Company Registration No. 08969288 (England and Wales)

CREATIVITY WORKS PRESTON ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022

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 2022

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 2022.

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: 27 February 2023

CREATIVITY WORKS PRESTON INCOME STATEMENT FOR THE YEAR ENDED 31 JULY 2022

Turnover
Cost of sales
Gross profit
Administrative expenses
Other operating income
Operating (loss)/profit
(Loss)/profit on ordinary activities before taxation
Tax on (loss)/profit on ordinary activities
(Loss)/profit for the financial year		 2022
£
562,454
(348,938)
213,516
(333,599)
64,256
(55,827)
(55,827)
-
(55,827)		 2021
£
553,533
(283,515)
270,018
(315,992)
81,350
35,376
35,376
-
35,376

CREATIVITY WORKS PRESTON STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2022

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 (liabilities)/assets
Net assets
Capital and reserves
Profit and loss account
Shareholders' funds		 2022
£
13,364
9,488
65,672
75,160
(83,570)
(8,410)
4,954
4,954
4,954		 2021
£
477
50,858
57,672
108,530
(48,226)
60,304
60,781
60,781
60,781

For the year ending 31 July 2022 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 27 February 2023 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 2022

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 2021
Additions
At 31 July 2022
Depreciation
At 1 August 2021
Charge for the year
At 31 July 2022
Net book value
At 31 July 2022
At 31 July 2021
5
Debtors
Amounts falling due within one year
Trade debtors
Other debtors		 Plant &
machinery
£
At cost
2,159
-
2,159
1,682
86
1,768
391
477		 Computer
equipment
£
At cost
-
15,821
15,821
-
2,848
2,848
12,973
-
2022
£
101
9,387
9,488		 Total
£
2,159
15,821
17,980
1,682
2,934
4,616
13,364
477
2021
£
41,471
9,387
50,858

CREATIVITY WORKS PRESTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022

6 Creditors: amounts falling due within one year
Creditors: amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Taxes and social security
Other creditors		 2022
£
37,580
25,999
3,578
16,413
83,570		 2021
£
48,226
-
-
-
48,226

7 Average number of employees

During the year the average number of employees was 20 (2021: 20).

CREATIVITY WORKS PRESTON DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 JULY 2022

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
Staff training and welfare
Travel and subsistence
Motor expenses
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 (loss)/profit
(Loss)/profit on ordinary activities before taxation		 2022
£
562,454
81,015
267,923
348,938
213,516
235,349
-
12,634
6,858
29,623
441
11,865
4,306
6,578
2,365
10
1,721
149
4,748
8,715
741
2,934
3,900
662
333,599
64,256
(55,827)
(55,827)		 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

CREATIVITY WORKS PRESTON

ANNUAL REPORT AUGUST 2021 TO JULY 2022

REPORT OF THE MANAGEMENT COMMITTEE FOR THE YEAR ENDED 31ST JULY 2022.

year ended 31st July

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

Mrs Lauren Gutteridge

SENIOR MANAGEMENT TEAM

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

BANKERS

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

Creativity Works Preston Annual Report 1[st] August 2021 to July 31[st] , 2022

INTRODUCTION FROM THE CHAIR

I am very pleased to introduce the Annual Report from Creativity works Preston for 2021/22. Our vitally important work has brought an expanding programme of education and activity for increasing pool of students having an experience of education to suit their specific needs.

Inspired by a fantastically dedicated and competent team, we aim to provide both stability and challenge in everything we do, backed by sound finance and management of the organisation.

I'm very proud to present our Annual Report to highlight the services we provide to the people of Preston and surrounding areas.

Bill Adams Chair - Creativity Works

Creativity Works Preston Annual Report 1[st] August 2021 to July 31[st] , 2022

INTRODUCTION FROM THE CHIEF EXECUTIVE

I write this introduction at the end of our eighth year of operation, 8 years, who would have thought? Certainly not everyone but as the old saying goes, we live to tell the tale!

It seems an appropriate time to reflect; having come through the pandemic, despite the seemingly negative financial results, more of that later, far stronger than we have ever been.

COVID made everyone pull together and I believe made people realise that community, doing something for others thing.

, that all sections

Certainly, for CWP and the young people we work with, recognition is more forthcoming as we continue to develop pertinently, could, and maybe should be.

We are working more and more with young people with SEN, and it is they, through their regular attendance and achievements, that show in practice and in our collective all be it small way, that everyone has something to offer. That potential exists in all, and the role of every member of staff, volunteer and trainee, is to facilitate that development.

The financial figures show a deficit of £55,827 but I make no apologies for that. Coming out of the unprecedented position we all found ourselves in it would have been easy to and make cuts to budgets, staffing and premises, but that would have been to risk setbacks to all the good work and developments we have made.

In truth, given the ever growing network of schools and increasing recognition from LCC, it was a relatively risk free decision to make. As I write this report, always some months after the accounts have been produced, the decision has been vindicated as we are profiling a healthy surplus that will eradicate this years deficit and provide sufficient finance for reserves and continual investment.

None of what has been achieved would have been possible with out the fantastic work of the staff team, ably led by Lauren Gutteridge (nee Breakell). Every single member of the staff team has played their part in our development and I know that as long as we stick together and build on what we have achieved so far we can look forward with confidence to the years ahead.

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,

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 development support and Vicky Brown and family for continued use of the building. They all help to make a difficult job a little bit easier.

Steve Egan

Creativity Works Preston Annual Report 1[st] August 2021 to July 31[st] , 2022

OUR AIMS AND OBJECTIVES

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

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.

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 2021 to July 31[st] , 2022

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 2021 to July 31[st] , 2022

WHO USED AND BENEFITED FROM OUR SERVICES?

In the academic year 2021/2022, CWP worked with a total of 101 learners (80 school pupils, and 21 NEET young people aged 16-18 (25 with EHCP) across five departments (Media, Music, Childcare, Food Technology, Hair and Beauty).

We worked with the following schools:

Out of 101 learners 86 remained at CWP until the end of the academic year.

A variety of reasons for those that left:

A total of 83 learners achieved a nationally recognised qualification at Level 1 or above

Out of 80 school pupils, 88% had a learning difficulty/disability or were at risk of permanent exclusion. 25 were on Free school meals

All 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.

Out of 80 school pupils, 88% had a learning difficulty/disability or were at risk of permanent exclusion.

Creativity Works Preston Annual Report 1[st] August 2021 to July 31[st] , 2022

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.

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 2021-22 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:

All staff are paid at least the living wage. The ratio between the lowest and highest paid member of staff is 1 to 2 No staff member earned more than £40,000

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 2021 to July 31[st] , 2022

Creativity Works Preston Annual Report 1[st] August 2021 to July 31[st] , 2022

RESERVES POLICY

Our aim is to make a yearly surplus to build a sustainable charity that serves as many people as possible. We aim facilities, in staff and in trainees.

requirements for reserves considering the main risks to

The Management Committee has examined the 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 2021 to July 31[st] , 2022