Creative Culture Trust Trustees Meeting Date: 5th April 2021 Time: 6:00pm
Present : Zoe Dorsett, Virtual Presence: Dylan Lindsay, Chloe Fowler
Agenda
-
Minutes from Previous Meeting
-
Matters Arising
-
Project Update
-
Building Update
-
Financials
-
Health, Safety and Compliance
-
Any other business
1. Minutes from Previous Meeting
Minutes agreed as true recording – no alterations
2. Matters Arising
No matters arising
3. Project Update
Works to the floors upstairs are almost completed
Action
Await for works to be completed
4. Building Update
No changes since last meeting.
5. Financials
Nothing to report
6. Health, Safety and Compliance
Nothing to report
- Any Other Business Nothing to report.
Creative Culture Trust Trustees Meeting Date: 3rd May 2021 Time:4:00pm
Present: Zoe Dorsett, Virtual Presence: Dylan Lindsay, Chloe Fowler
Agenda
-
Minutes from Previous Meeting
-
Matters Arising
-
Project Update
-
Building Update
-
Financials
-
Health, Safety and Compliance
-
Any other business
1. Minutes from Previous Meeting
Minutes agreed as true recording – no alterations
2. Matters Arising
Announcing opening of gallery in Sunderland. The building work is now
complete to the point that tenants can start occupancy
3. Project Update
Works to the floors upstairs are completed and the space is now usable.
Action
Work with management company to advertise space
4. Building Update
No changes since last meeting.
5. Financials
Nothing to report
6. Health, Safety and Compliance
Nothing to report
7. Any Other Business
Nothing to report.
Creative Culture Trust Trustees Meeting Date: 7th June 2021 Time:1:00pm
Present: Zoe Breeze, Virtual Presence: Dylan Lindsay, Chloe Fowler
Agenda
-
Minutes from Previous Meeting
-
Matters Arising
-
Project Update
-
Building Update
-
Financials
-
Health, Safety and Compliance
-
Any other business
1. Minutes from Previous Meeting
Minutes agreed as true recording – no alterations
2. Matters Arising
No matters arising
3. Project Update
Continue developing interest around the building and expand its uses
Action
Work with University and council to spread awareness of project
4. Building Update
No changes since last meeting.
5. Financials
Nothing to report
6. Health, Safety and Compliance
Nothing to report
7. Any Other Business
Nothing to report.
Creative Culture Trust Trustees Meeting Date: 5th July 2021 Time:9:00 am
Present: Zoe Dorsett, Virtual Presence: Dylan Lindsay, Chloe Fowler
Agenda
-
Minutes from Previous Meeting
-
Matters Arising
-
Project Update
-
Building Update
-
Financials
-
Health, Safety and Compliance
-
Any other business
1. Minutes from Previous Meeting
Minutes agreed as true recording – no alterations
2. Matters Arising
No matters arising
3. Project Update
Working with Sunderland Culture for increased awareness of building
Action
Continue to work with University and council to spread awareness of Project
4. Building Update
No changes since last meeting.
5. Financials
Nothing to report
6. Health, Safety and Compliance
Nothing to report
7. Any Other Business
Nothing to report.
Creative Culture Trust Trustees Meeting Date: 2nd August 2021 Time:10:30 am
Present: Zoe Dorsett,
Virtual Presence: Dylan Lindsay, Chloe Fowler
Agenda
-
Minutes from Previous Meeting
-
Matters Arising
-
Project Update
-
Building Update
-
Financials
-
Health, Safety and Compliance
-
Any other business
1. Minutes from Previous Meeting
Minutes agreed as true recording – no alterations
2. Matters Arising
No matters arising
3. Project Update
Electrical work complete throughout the premises in Sunderland Action
No action required
4. Building Update
No changes since last meeting.
5. Financials
Nothing to report
6. Health, Safety and Compliance
Nothing to report
7. Any Other Business
Nothing to report.
Creative Culture Trust Trustees Meeting Date: 6th September 2021 Time:9:30 am
Present: Zoe Breeze
Virtual Presence: Dylan Lindsay, Chloe Fowler
Agenda
-
Minutes from Previous Meeting
-
Matters Arising
-
Project Update
-
Building Update
-
Financials
-
Health, Safety and Compliance
-
Any other business
1. Minutes from Previous Meeting
Minutes agreed as true recording – no alterations
2. Matters Arising
Membership to JMC on the up.
3. Project Update
Mmebers are starting to sign up for membership at the John Marley Centre in Newcastle. Negotiations between Management Company and council continue.
Action
No action required
4. Building Update
No changes since last meeting.
5. Financials
Nothing to report
6. Health, Safety and Compliance
Nothing to report
7. Any Other Business
Nothing to report.
Creative Culture Trust Trustees Meeting Date: 4th October 2021 Time:15:00 pm
Present : Zoe Breeze, Virtual Presence: Dylan Lindsay, Chloe Fowler
Agenda
-
Minutes from Previous Meeting
-
Matters Arising
-
Project Update
-
Building Update
-
Financials
-
Health, Safety and Compliance
-
Any other business
1. Minutes from Previous Meeting
Minutes agreed as true recording – no alterations
2. Matters Arising
Building problems in Sunderland
3. Project Update
The Newcastle building at the JMC is filling up nicely and members are overjoyed at the new location. Management company are pushing exposure of the site and looking towards the occupancy of the main halls and the activity that can be generated around this. The outer fabric of the Sunderland building in the Athenaeum remains a problem as the council
attempt to ascertain who is responsible and when the problem can be
resolved. Action
Ensure issues in Sunderland are resolved by council.
4. Building Update
Ongoing leaks in Sunderland. Damage to the exterior of the building is
resulting in leaks coming into the premises
5. Financials
A number of rents have had to be returned due to damage
6. Health, Safety and Compliance
Nothing to report
7. Any Other Business
Nothing to report.
Creative Culture Trust Trustees Meeting Date: 8th November 2021 Time:15:00 pm
Present: Zoe Dorsett, Virtual Presence: Dylan Lindsay, Chloe Fowler
Agenda
-
Minutes from Previous Meeting
-
Matters Arising
-
Project Update
-
Building Update
-
Financials
-
Health, Safety and Compliance
-
Any other business
1. Minutes from Previous Meeting
Minutes agreed as true recording – no alterations
2. Matters Arising
No matters arising
3. Project Update
There is a push to get the support of local councilors in Newcastle so a
number of viewings and tours have been arranged. Action
To continue to expose the good of the project to local councilors in
order
to gain support of the project.
4. Building Update
Dividing walls are being built in order to maximize rentable value at the
JMC in Newcastle.
5. Financials
On going talks with the council, TWBPT to ensure that rents are kept Affordable
6. Health, Safety and Compliance
Nothing to report
7. Any Other Business
Nothing to report.
Creative Culture Trust ATM Trustees Meeting Date: 6th December 2021 Time:15:00 pm
Present: Zoe Dorsett, Virtual Presence: Dylan Lindsay, Chloe Fowler
Agenda
-
Minutes from Previous Meeting
-
Matters Arising
-
Project Update
-
Building Update
-
Financials
-
Health, Safety and Compliance
-
Any other business
1. Minutes from Previous Meeting
Minutes agreed as true recording – no alterations
2. Matters Arising
No matters arising
3. Project Update
Both the site in Newcastle and in Sunderland are going well, despite the difficult time globally as prices continue to soar. Both sites are continuing
to attract new members and the Sunderland site particularly is developing well through the gallery and its public engagement. The charity will begin to explore its outreach through the addition of education and workshops over the coming years. Action
To continue to raise awareness of the work of the charity and gain support strategically through the council, councilors and local leaders. To
continue to try and keep running costs at a minimum to ensure that they
are not passed on to members.
4. Building Update
No building work is currently being undertaken.
5. Financials
Ongoing talks with councils to ensure that the projects remain affordable
for those wishing to access it.
6. Health, Safety and Compliance
Nothing to report
7. Any Other Business
Nothing to report.
Creative Culture Trust Trustees Meeting Date: 10th January 2022 Time:6:00 pm
Present: Zoe Dorsett, Virtual Presence: Dylan Lindsay, Chloe Fowler
Agenda
-
Minutes from Previous Meeting
-
Matters Arising
-
Project Update
-
Building Update
-
Financials
-
Health, Safety and Compliance
-
Any other business
1. Minutes from Previous Meeting
Minutes agreed as true recording – no alterations
2. Matters Arising
No matters arising
3. Project Update
The projects have enjoyed a peaceful time over the Christmas period and
we plan now to explore possibilities of education over the next year
Action
To begin talks with local colleges to see how best we can develop arts
education within Newcastle and Sunderland
4. Building Update
No building work is currently being undertaken.
5. Financials
On going talks with councils to ensure that the projects remain affordable
for those wishing to access it.
6. Health, Safety and Compliance
Nothing to report
7. Any Other Business
Nothing to report.
Creative Culture Trust Trustees Meeting Date: 7th February 2022 Time:1:00 pm
Present: Zoe Breeze, Virtual Presence : Dylan Lindsay, Chloe Fowler
Agenda
-
Minutes from Previous Meeting
-
Matters Arising
-
Project Update
-
Building Update
-
Financials
-
Health, Safety and Compliance
-
Any other business
1. Minutes from Previous Meeting
Minutes agreed as true recording – no alterations
2. Matters Arising
No matters arising
3. Project Update
We continue to encourage support from local councillors around the project at the JMC in Newcastle, raising awareness of the potential impact
that it could have on the lives of local residents and what good could be produced as a result. Action Continue to document the impact that the buildings and there new lease
of life are having on the arts community and the community within which it sits.
4. Building Update
No building work is currently being undertaken.
5. Financials
On going talks with councils to ensure that the projects remain affordable
for those wishing to access it.
6. Health, Safety and Compliance
Nothing to report
7. Any Other Business
Nothing to report.
Creative Culture Trust Trustees Meeting Date: 7th March 2022 Time:9:00 am
Present: Zoe Dorsett, Virtual Presence: Dylan Lindsay, Chloe Fowler
Agenda
-
Minutes from Previous Meeting
-
Matters Arising
-
Project Update
-
Building Update
-
Financials
-
Health, Safety and Compliance
-
Any other business
1. Minutes from Previous Meeting
Minutes agreed as true recording – no alterations
2. Matters Arising
No matters arising
3. Project Update
The projects continue to tick along on both sites. Activity at the Athenaeum is increasing due to greater footfall at the gallery and out
reach in the public facing element of this project is doing well. Action
Continue to advocate the need for visual arts in our region through exposing project to those that can make a difference.
4. Building Update
No building work is currently being undertaken.
5. Financials
On going talks with councils to ensure that the projects remain affordable
for those wishing to access it.
6. Health, Safety and Compliance
Nothing to report
7. Any Other Business
Nothing to report.
CREATIVE CULTURE TRUST CIO
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5 APRIL 2022
REGISTERED NUMBER - 1161184
29 Howard Street North Shields Tyne and Wear NE30 1AR
Tel : 0191 259 2743 Fax : 0191 257 2249 E-mail : info@essell.co.uk Ref: ACR/2998
CREATIVE CULTURE TRUST CIO
FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
CONTENTS
| Report of the Trustees | Page 1 |
|---|---|
| Independent Examiner's Report | Page 2 |
| Statement of Financial Activities | Page 3 |
| Balance Sheet | Page 4 |
| Notes to the Financial Statements | Page 5 - 7 |
| Detailed Statement of Financial Activities | Page 8 |
29 Howard Street North Shields NE30 1AR Tel: 0191 259 2743 : Fax 0191 257 2249 E-mail: info@essell.co.uk Ref: ACR/2998
CREATIVE CULTURE TRUST CIO
Page 1
Report of the Trustees for the Year Ended 5 April 2022
The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 5 April 2022
The trustees have adopted the provisions of the Statement of Recommended Practice - Accounting and Reporting by Charities issued in March 2005
Registered Charity number
1161184
Principal address
The Athenaeum 27 Fawcett Street Sunderland SR1 1RE
Trustees
Miss C Fowler D P Lindsay Mrs Z Breeze
Structure, Governance & Management
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Creative Culture Trust CIO promotes access to culture, creative workspace, engagement and participation in arts through educational and recreational activities which develop the skills and confidence of individuals providing a platform for them to grow artistically.
ON BEHALF OF THE BOARD :
Trustee …………………………………………..
Mrs Z Breeze Date :
Page 2
INDEPENDENT EXAMINER'S REPORT
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CREATIVE CULTURE TRUST CIO
I report on the accounts of Creative Culture Trust CIO for the year ended 5th April 2022, which are set out on pages 3 to 8.
This report is made solely to the trustees, as a body, in accordance with the regulations made under Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees, as a body, for my work, for this report, or for the opinions I have formed.
Respective responsibilities of trustees and examiner
The trustees (who are also 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 an audit under company law and is eligible or independent examination it is my responsibility to:
Examine the accounts and to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
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 seeks explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would by 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 set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
1.) which gives me reasonable cause to believe that in any material respect, the requirements;
- to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities;
have not been met; or
2.) to which, in my opinion, attention should be drawn in order to enable a proper understand of the accounts to be reached.
Alex C. Robinson FCCA ESSELL ACCOUNTANTS, North Shields
Date:
CREATIVE CULTURE TRUST CIO
Page 3
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022
| Income and Endowments Incoming Resources from Generated Funds: Voluntary Income Donations Investment Income Government Grant Income Total Incoming resources Resources Expended Costs of generating voluntary income Net Income / (Expenditure) resources Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Notes 2 3 |
Unrestricted Funds £ 17,986 0 2 21,925 39,912 42,471 (2,558) 19,456 16,898 |
Restricted Funds £ 0 0 0 0 0 0 0 0 0 |
Total 2022 £ 17,986 0 2 21,925 39,912 42,471 (2,558) 19,456 16,898 |
Total 2021 18,108 50 3 10,000 |
|||
|---|---|---|---|---|---|---|---|---|
| 28,161 13,642 |
||||||||
| 14,519 4,937 |
||||||||
| 19,456 |
These notes form part of the financial statements
| CREATIVE CULTURE TRUST CIO BALANCE SHEET AS AT 5 APRIL 2022 CURRENT ASSETS Cash at Bank and in Hand Debtors CREDITORS : AMOUNTS FALLING DUE WITHIN ONE YEAR(Note 5) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted Funds (Note 10) |
Page 4 23,568 24,641 600 600 24,168 25,241 7,270 5,785 16,898 19,456 16,898 19,456 16,898 19,456 16,898 19,456 2022 2021 £ £ |
|---|---|
| 24,168 | |
| 7,270 | |
These financial statements were approved by the Trustees on _______ and were signed on its behalf by :
Mrs Z Breeze
Charity registered number : 1161184
CREATIVE CULTURE TRUST CIO
Page 5
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
1. ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2015) and the Charities Act 2011. The principal accounting policies adopted in the preparation of the financial statements are as follows:
Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
| 2 INVESTMENT INCOME Deposit Account Interest 3 EXPENDITURE ON RAISING FUNDS Support Costs |
Unrestricted Funds £ 42,471 42,471 |
Restricted Funds £ 0 0 |
2022 £ 2 Total 2022 £ 42,471 42,471 |
2021 £ 3 |
||
|---|---|---|---|---|---|---|
| Total 2021 £ 13,641 |
||||||
| 13,641 |
CREATIVE CULTURE TRUST CIO
Page 6
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
4 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2022 nor for the year ended 5 April 2021
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2022 nor for the year ended 5 April 2021 .
| 5 CREDITORS : AMOUNTS FALLING DUE WITHIN ONE YEAR Other Creditors |
2022 £ 7,270 7,270 |
2021 £ 5,785 |
|---|---|---|
| 5,785 |
Page 7
CREATIVE CULTURE TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
6 MOVEMENT IN FUNDS
| Balance at Net Movement 6 April in funds 2021 £ £ General Funds Unrestricted Funds 19,456 (2,558) Total Funds 19,456 (2,558) Net movement in funds, included in the above are as follows: Incoming Resources Resources expended £ £ General Funds Unrestricted Funds 39,912 (42,471) Total Funds 39,912 (42,471) Comparatives for movement in funds Balance at Net Movement 6 April in funds 2021 £ £ General Funds Unrestricted Funds 4,937 14,519 Total Funds 4,937 14,519 Comparative net movement in funds, included in the above are as follows: Incoming Resources Resources expended £ £ General Funds Unrestricted Funds 28,161 (13,642) Total Funds 28,161 (13,642) |
Balance at 5 April 2022 £ 16,898 |
|---|---|
| 16,898 | |
| Movement in funds £ (2,558) |
|
| (2,558) | |
| Balance at 5 April 2022 £ 19,456 |
|
| 19,456 | |
| Movement in funds £ 14,519 |
|
| 14,519 |
CREATIVE CULTURE TRUST CIO
Page 8
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022
| INCOMING RESOURCES Voluntary income Studio Rentals Donations Investment income Deposit account interest Grant Income Grants Received Total incoming resources RESOURCES EXPENDED Management Insurance Management Costs Advertising Light and Heat Rates and Water Postage and stationery Professional Fees Activity Costs Entertainment Bank Charges Sundries Repairs and Maintenance Total resources expended Net Surplus / (Deficit) |
£ £ £ £ 17,986 18,108 0 50 2 3 21,925 10,000 39,912 28,161 553 437 19,786 0 0 2,500 1,122 4,132 107 2,090 0 79 11,391 700 3,980 0 50 0 20 17 767 3,152 4,693 534 42,471 13,641 (2,558) 14,519 2022 2,021 |
£ £ £ £ 17,986 18,108 0 50 2 3 21,925 10,000 39,912 28,161 553 437 19,786 0 0 2,500 1,122 4,132 107 2,090 0 79 11,391 700 3,980 0 50 0 20 17 767 3,152 4,693 534 42,471 13,641 (2,558) 14,519 2022 2,021 |
|---|---|---|
| 553 19,786 0 1,122 107 0 11,391 3,980 50 20 767 4,693 |
||
| 14,519 |
CREATIVE CULTURE TRUST CIO
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5 APRIL 2022
REGISTERED NUMBER - 1161184
29 Howard Street North Shields Tyne and Wear NE30 1AR
Tel : 0191 259 2743 Fax : 0191 257 2249 E-mail : info@essell.co.uk Ref: ACR/2998
CREATIVE CULTURE TRUST CIO
FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
CONTENTS
| Report of the Trustees | Page 1 |
|---|---|
| Independent Examiner's Report | Page 2 |
| Statement of Financial Activities | Page 3 |
| Balance Sheet | Page 4 |
| Notes to the Financial Statements | Page 5 - 7 |
| Detailed Statement of Financial Activities | Page 8 |
29 Howard Street North Shields NE30 1AR Tel: 0191 259 2743 : Fax 0191 257 2249 E-mail: info@essell.co.uk Ref: ACR/2998
CREATIVE CULTURE TRUST CIO
Page 1
Report of the Trustees for the Year Ended 5 April 2022
The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 5 April 2022
The trustees have adopted the provisions of the Statement of Recommended Practice - Accounting and Reporting by Charities issued in March 2005
Registered Charity number
1161184
Principal address
The Athenaeum 27 Fawcett Street Sunderland SR1 1RE
Trustees
Miss C Fowler D P Lindsay Mrs Z Breeze
Structure, Governance & Management
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Creative Culture Trust CIO promotes access to culture, creative workspace, engagement and participation in arts through educational and recreational activities which develop the skills and confidence of individuals providing a platform for them to grow artistically.
ON BEHALF OF THE BOARD :
Trustee …………………………………………..
Mrs Z Breeze Date :
Page 2
INDEPENDENT EXAMINER'S REPORT
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CREATIVE CULTURE TRUST CIO
I report on the accounts of Creative Culture Trust CIO for the year ended 5th April 2022, which are set out on pages 3 to 8.
This report is made solely to the trustees, as a body, in accordance with the regulations made under Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees, as a body, for my work, for this report, or for the opinions I have formed.
Respective responsibilities of trustees and examiner
The trustees (who are also 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 an audit under company law and is eligible or independent examination it is my responsibility to:
Examine the accounts and to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
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 seeks explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would by 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 set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
1.) which gives me reasonable cause to believe that in any material respect, the requirements;
- to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities;
have not been met; or
2.) to which, in my opinion, attention should be drawn in order to enable a proper understand of the accounts to be reached.
Alex C. Robinson FCCA ESSELL ACCOUNTANTS, North Shields
Date:
CREATIVE CULTURE TRUST CIO
Page 3
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022
| Income and Endowments Incoming Resources from Generated Funds: Voluntary Income Donations Investment Income Government Grant Income Total Incoming resources Resources Expended Costs of generating voluntary income Net Income / (Expenditure) resources Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Notes 2 3 |
Unrestricted Funds £ 17,986 0 2 21,925 39,912 42,471 (2,558) 19,456 16,898 |
Restricted Funds £ 0 0 0 0 0 0 0 0 0 |
Total 2022 £ 17,986 0 2 21,925 39,912 42,471 (2,558) 19,456 16,898 |
Total 2021 18,108 50 3 10,000 |
|||
|---|---|---|---|---|---|---|---|---|
| 28,161 13,642 |
||||||||
| 14,519 4,937 |
||||||||
| 19,456 |
These notes form part of the financial statements
| CREATIVE CULTURE TRUST CIO BALANCE SHEET AS AT 5 APRIL 2022 CURRENT ASSETS Cash at Bank and in Hand Debtors CREDITORS : AMOUNTS FALLING DUE WITHIN ONE YEAR(Note 5) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted Funds (Note 10) |
Page 4 23,568 24,641 600 600 24,168 25,241 7,270 5,785 16,898 19,456 16,898 19,456 16,898 19,456 16,898 19,456 2022 2021 £ £ |
|---|---|
| 24,168 | |
| 7,270 | |
These financial statements were approved by the Trustees on _______ and were signed on its behalf by :
Mrs Z Breeze
Charity registered number : 1161184
CREATIVE CULTURE TRUST CIO
Page 5
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
1. ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2015) and the Charities Act 2011. The principal accounting policies adopted in the preparation of the financial statements are as follows:
Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
| 2 INVESTMENT INCOME Deposit Account Interest 3 EXPENDITURE ON RAISING FUNDS Support Costs |
Unrestricted Funds £ 42,471 42,471 |
Restricted Funds £ 0 0 |
2022 £ 2 Total 2022 £ 42,471 42,471 |
2021 £ 3 |
||
|---|---|---|---|---|---|---|
| Total 2021 £ 13,641 |
||||||
| 13,641 |
CREATIVE CULTURE TRUST CIO
Page 6
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
4 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2022 nor for the year ended 5 April 2021
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2022 nor for the year ended 5 April 2021 .
| 5 CREDITORS : AMOUNTS FALLING DUE WITHIN ONE YEAR Other Creditors |
2022 £ 7,270 7,270 |
2021 £ 5,785 |
|---|---|---|
| 5,785 |
Page 7
CREATIVE CULTURE TRUST CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
6 MOVEMENT IN FUNDS
| Balance at Net Movement 6 April in funds 2021 £ £ General Funds Unrestricted Funds 19,456 (2,558) Total Funds 19,456 (2,558) Net movement in funds, included in the above are as follows: Incoming Resources Resources expended £ £ General Funds Unrestricted Funds 39,912 (42,471) Total Funds 39,912 (42,471) Comparatives for movement in funds Balance at Net Movement 6 April in funds 2021 £ £ General Funds Unrestricted Funds 4,937 14,519 Total Funds 4,937 14,519 Comparative net movement in funds, included in the above are as follows: Incoming Resources Resources expended £ £ General Funds Unrestricted Funds 28,161 (13,642) Total Funds 28,161 (13,642) |
Balance at 5 April 2022 £ 16,898 |
|---|---|
| 16,898 | |
| Movement in funds £ (2,558) |
|
| (2,558) | |
| Balance at 5 April 2022 £ 19,456 |
|
| 19,456 | |
| Movement in funds £ 14,519 |
|
| 14,519 |
CREATIVE CULTURE TRUST CIO
Page 8
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022
| INCOMING RESOURCES Voluntary income Studio Rentals Donations Investment income Deposit account interest Grant Income Grants Received Total incoming resources RESOURCES EXPENDED Management Insurance Management Costs Advertising Light and Heat Rates and Water Postage and stationery Professional Fees Activity Costs Entertainment Bank Charges Sundries Repairs and Maintenance Total resources expended Net Surplus / (Deficit) |
£ £ £ £ 17,986 18,108 0 50 2 3 21,925 10,000 39,912 28,161 553 437 19,786 0 0 2,500 1,122 4,132 107 2,090 0 79 11,391 700 3,980 0 50 0 20 17 767 3,152 4,693 534 42,471 13,641 (2,558) 14,519 2022 2,021 |
£ £ £ £ 17,986 18,108 0 50 2 3 21,925 10,000 39,912 28,161 553 437 19,786 0 0 2,500 1,122 4,132 107 2,090 0 79 11,391 700 3,980 0 50 0 20 17 767 3,152 4,693 534 42,471 13,641 (2,558) 14,519 2022 2,021 |
|---|---|---|
| 553 19,786 0 1,122 107 0 11,391 3,980 50 20 767 4,693 |
||
| 14,519 |