REGISTERED CHARITY NUMBER: 1166443 orl of the Trustees and ed Financial Statements For The Year Ended 31 Maich 2024 for The Creative Dimensii>n TnLSt CIO Inde dentl Exam Creative Dimension Tn￿( Contents of the Financial Siatemenis for The Year Ended 31 MaT¢h 2024 Page Chief Executive Officer's Report 3to8 R¢port of the Tnjsttes 9t013 Report of the Indcpcndeni Examiner 14 Stalemeni of Financial Aciivitics 15 Balance Sheet Notes to the Fillancial Statements 17to24 Detailed Siaternenl of Financial Activities 25 The Crcative Dimension Trust CIO Chief ExeLutiN'e's Re for Thc Yciti Ended 31 March 20?4 THE CREATIVE DIMENSION TRUST Annual Report (2023-24) ABOUT The Crealii'e Dirnension Trust is a Charitable Ineorw)rdied Organisaiion Iregisiraiion no. I16fv143} established in ?016. TCDT offcrs workshops d¢signcd to givc (alcnted )'oung pcople the skills and ¢onfidenee lo pursue a carccr in ii'hich cole hand skills- i.c. a hieh degr¢¢ of mat]ual dcxtcrity. draftsmanship and ihc abiliry lo understand and Irelconstruct 3- Dim¢nsional structures - ar¢ pwrcqui51t¢. The workshops are laughi by Crdfi Specialists i￿.hO are acknowledged leaders in their professions. These are not kÉd's art courses- Ihe goal is to leam, experiment. gain confidence. thke ingpiraiion from the besi, and have exp)sure to carcer opportunities. Siudenis gatn an ail'areness of what is possible. and how io achieve it. Tl)c Creatii'e Dimension TNSI has conrinued to ￿0W and thrive. with record numbers of smdent& offerings. and ncw Pcliinershipg. Students 350 317 300 250 200 150 100 50 11 102 21 12 extracurricular workshops IrFschi)ol work5hop5 WO￿ experiÈThces 23 •24 The Crcaiive Dimension Tn]5t CIO Chief ExLCUtii'e'5 Re ort for The Year Ended 31 March 20?4 The CreatiTre Dimension Trust The Crcativc Dimension Trllst launchcd in ?016 with a clear puFpose. In a ivorld of sch¢)ol budgct cutbacks, eTnpha5LS on STEM subjccts, and too much tsme in front of 5crcen5. undersetvcd sttldents ale simplv noi getting opportulllties to build fine hand_skills and think in 3-D ternis. Thc5e skills are not only necessary in ereaiive indusiries- a huge job maiket- but a150 in carccrs in architccturc and medicine. TCDT is Ican ii-iih minimal cosis (limited staff, no prcTni5esl. Constant cultivation of exisiing partncrships and the building of neM' oncs is bringing access lo frce matcrials and vcnucs io cut Costs. Oui siable and dcdiclltcd Board has ensured si¢Jdy progress and the attoinment of fundraising goals whilc our actiiilies remain prn¢iical and within our resource5. IVDrk5hop5 TCDT started iyith straighrfoThvard skills ii'orkshop5 whete young people could learn from ￿'Orld leading expert5 foi frcc and Icam more about carcers possibilitics. Ovcr ttme. Ive designed Inspirin￿ eye catching offcrings like restoring banqueiies at Buekingham Palacc, rc-gilding the 5hopfronl of Fonnum & Mason, and mixing pcrfumcs ai Floris - to attract Sludenis. Ille ivere noi deierred during th¢ pandcmic. having responded by mailing oui carc packagcs of rnatcrials and delivering tuition on-line. HOW STUDENTS RATED OUR WORKSHOPS OUT OF 10: cfvertiL' Wewtaught io Bevoijd Il'orkshop5 V¢ hL2N'C ivorkcd haid to go beyond ii'oTkshops ro ensure an ongoing impact in launching careers. Students atc cncoiiragcd to proi'idc fcedback. enroll in muliiple i￿.OrkShopS io l¢am Jnorc skills. ￿'[)I￿nE£er as as515tant liitors, nciivork: and r¢cNil. Wc laiinchcd an accreditation program 10 boih guide swdenis and provide a cr¢dintial for employers. Studenis are using Ihcir LKpcficncc5 and ¢reaiiYes ivorking 10 support applications for courses and jobs. In ?023. the Work ExpeTience Progra￿ reemeiged from COVID-19. The p￿grarn will groii, as we speak with more and niore companies and cidfis people. FLOR5S The Creative Dimension Trusl CIO Clii¢f ExecutiTr't'5 Re for The Year Ended 31 March 20?4 Growth Opportunit)'_ Schools W'orkshops The exciting neN' prospeei for growth is in expanding our Schoo]s Progrdm. Thc program piloted in Ca¥nden in and has enjoyed Breat success. Students rcspond i%'cll as they go strdight from cl&ss and Icarn ivith peers in a faTniliai settin Teachers join, leam as w'ell, and becorne poii'erful allies. The program I'ery niuch tnable5 the sbJdent we want to reach and help most. An attraCti￿.C clement of School Workshops is the reduced cost l£l,l)00 vs_ £5.0001 for a regular M'orkshop. Here are ttyo studcnt comments - first from Maria Fidelis School, Euslon "l aipi ven. gr(71efiil io the Creative Dimension TnLfiforgiviug rne ilie opporluuifj. to bep&rl oftheir COmPPRiinilJ* oiid do IvIi¢Ti I like the ino$r (being cpeative} wiilioiit hai'ipig io worr). aboul the cosls. I cpijoTredall ike iivi.knhops Ipoiiicipaled IPA, iiot oitlj, beca115e I itrns toiighi by experts wlio share ihe sapiiep(wiopifor i¥hfti ih4, do. biii also becotsse J ￿le[ iteivpgopl iyiili ivhom l itroi.kEd iosciher aptd rpjade 50 Riem(pries. I ii'oIild highl). i'ecoiiripiepid ihem to ttnj'oiie ito iiittller tlReir ¥pe1'{e￿CC. second from LSU, Catnden "l iookp(TP'I in iliegold leafgllding coiirse Llnd lih1￿* ihi* iws a very valuable opporluAiQ,foT me as il ulloii'Éd 10 lilipi-ovg in), hund eye coordiiiaiion and ilpmk'ed i'erj, beneficiolfor nie ii'hen ipiien'iebi'iiigfoi- Deiili¥lrJ,. l.sho1i￿ed tke riire&-¥ieikers ihe gold leaf baLible to shoiicase iny manriuldeYlerilJ' the), seeined i'ery i1ilri￿ed bj. il. I hui'e since goi oil off£J' 10 siitdy deiilistn. and l ihink Élle gold leafgilding coiirse helped me io achEeve ihi¥. As a res1111. i'ep), gi-aleful foi- Ihe Opporiti￿Etys1I'en lo me by ihe crealive dinieiision In15¢. 'rcD"I' Stl5deTrt ..Ichiei"etnellt.Iii ard Il'inncr Tr'ortnum & Mason PartDer5hip Prtifiiiii Glorieiix. Dcsignericiiratoi and TCDT TtLiStce Simon Cosiin designed a mutal based on Fortnum & Mason's theme of "Joy." Conipany Archivist DT And1￿ Tanner conlribuied rcscatch and ihe pocm. Tutor Sarah H￿0mbe. Assistant Tuior L lunijius Clive Edwin and thre¢ Sludcnts painted ihe mutal inspircd by Ihc style of Eric Rai'ilious. The ￿'ork ivas installed in tli¢ as a perniancnt display on the second floor of thc flagship Piccadi115' Store. Aiiipilier Ivuj'ld Vork created by TCDT sttidents came together in a w'indoiy dLSplay de5i¢yned by Simon Costin a¢ 181 Piccadilly for 16 ddy.% in SepteinbeT. Inspired by the idea of liying in outer space. work from foul different ivorkshop5 w'as inLluded: • Three architecmral Tnodels COEisiructed in ivorkshop5 at Allford Hall Mona¥han Morris Architects, Ivhere stiidents benefitted from one-time uiiidance frotn AHMM s head n)odel maker Gla1￿ planets and 5hootin(p stars cut and blended ai the fused glass ivotk5hop at the Naiiortal Glass Cenire in Sunderland Sili'ei nd enatnel comets created under ihe tutelage of award-lvinning Tomiko Ravn in a ivorkshop ai The (iold%miihs Centre Mdrione¢¢¢ Spdcemdn puppets (le5igned and buili by Sludents during an online *'orkshop iviih puppeteer Sian Kidd. The CreatI￿.e Dimension Ttust CIO Chief Executive, ort ftsr The Year Endcd 31 MatLh 2024 MEET ADAEZE MeetAdaeze- thisyear'sTCDT Achieven￿t Awardwinnerard atruetestsrnenl ioTcofs Imp3Ct on st￿1 rxogressw. thcpbn*. uitimatelywkncknw ￿p)s￿ 2023 a￿lUnc(￿￿redapa8￿￿f￿arC1YlectUreas Iwfuiwe ¢xeerpatlk 20￿.￿ae￿.Sded￿aIwJn a￿J￿e￿alied kvlo TcDT￿jrkeXper￿￿eo&￿tunli ￿l￿tr￿et ¢flFt rtK)5trKeslwJwsarchil￿t￿raifvMS IntheUK-Nlif(Yd 2022 A¢h1￿￿ Dwiro awEek spentate￿frr￿Adaezt sazed lTr*(wrtur￿tyta gain ￿t￿&S￿lI&w1￿k 2021 fvaccreerffl I￿r￿d. 2020 Furliiiiiiis X TCDTEF*iploJ'iNeiii ProxruiniNe Tlirough a SLries of ivork'shtsps, siudenis mei ￿'ITh different depatlInents ai the iconic London departmcnt stole io learn boiii Ihcir roles, growing the business, ii'hai they lovc doing and the challenges thcy facc. Studcllts heard froin team enibeis ivorking in the Human Rcsouites. Visual Mewhandising. Buying. Finance, Retail. Mcrchandising. Nqarkcting and ArChi￿Ls dcpartmcnls. The speakers offered CV and inleryieji" adTr'ice and also dcscribcd thcir 0￿.n, someiin)es unconventional. career paths. proving to our swdents JU￿ how Naluable trdllSferdble skills really ar¢. The Creall￿e Dimcnsion Trust CIO Chief EKL¢utik'c's Re ort for The Ycar Eiidcd 31 March 2024 Annual Evellt Fortnum & Mk asom - 24 October 2023 About 145 funde15 and sponsors acccpied ini'itations io aticnd. After opening rcmarks from thc CEO and ihoughis on creatii'ily froTn Ttusiee Simon Costin. th¢ CEO of F&M prcscntcd thc srndcni prize. The evcning also included a prize draiv aiid student Shop. Alumni The Creative Dirnension Trnst hosts an Alumni Committee. The ex-students are th¢ charity's aTnb&ssadors who visit schools and Colleges to shate their experiences aud recrnii new strjdents. publish an annual alumni n¢wsletter. and run a In5tagrdm account where alumni share their stOTies and tslk jobs. The Alumni Nem'sleiier provides insights on recent aciii'ities in ne￿.orkIng and promotion of TCDT to younger srudents. s..//www.thecreaiivedimension_o -￿ntentI lo&d￿2022106rlo224j1-Al￿mThI-NCwSI¢ttCr-l. fPx69393 ALUMNI Aeereditation Industry professionals recognise th¢re is a particular gap in the school cllrriculuni for tt4'0 of the core skills taught on TCDT WOTkshop5- baDd skius atld visual SeDSitÈvity. Other skills such as organisaiion and planning. foclls and concentration. and leamwork apply to professional practice in general. Tlie tTansfcnblc skills defv'clopcd include.. Maniial skills.. iticluding accuracy. appropriate us¢ of ¢quiptDenL technieal proble￿ 501ving and dexterity 2. Vi ua ensilivi including observational skn"Ils. sensitivity to different materials and understanding of their use 3. Or jani5471ivn and I￿nnIn ". including following a brief in an allocAted tirn¢ atld related quality of fitfdl work ocus and ¢onceniration-. includitig atiention to detail eamwork.. including ability to WO￿ aloDgside. and at time& together with other students aDd attendance Students noi& receii'e an accreditation erdde in these ski115 al ihe en(1 of each ii'oikshop. TC.DT en%uri% ihal i)re%Liilation ol- jiccrediiaiion ￿TrradeS io courses of study and etnployers includes a full explanation oftht charily. %eleLIiI'L adJni%sions process, Lourse and tutor quality, and hours and ivork involi'ed. This re-enforce5 Ihe i.alue vf ihl LfL￿¢t71iaI and promoies the charily. l iili)r experietlce SU¥lLFes15 that accreditation molii'ale5 5tudenls to lime. ask more #boui ￿'bal is e.xpected, and I￿Ork hardLr 10 achiLN'e grades. Paienls are also more engaged. The Creative Dimension Tn￿1 CIO Chief Exe¢utive's Re ort for The Yeai Ended 31 IMar¢h 2024 Ivorkshops for 2024-25 The excitement of new offerings coniinues. Tassel tnaking Ileaiher and labricl PrDSthetic makeup applicaliDn Hand ernbroidBry rrpative colDur and thread CDnletllPDrary dEsign digital Iranst printing Craft your own carry case Signpost tiles Palis5EfiE Wc fornvard to another d￿aMIC }'ear. Bcst re8artL% Penn!. Bendall, FouThder and CEO 'I'he Lreatlve Dlmension I'rust is a tharity re%tstered In EnRland and Wales. No. 1166443 The Creative Dimension Re on of the Trusiees for The Year Eoded 31 March 2024 The tn￿lee5 PEesent their rq)0rt3Tr7th the financial statements of thecharity forthe Year Ended 31 March 2024. The Iru5t¢e5 have adopied theprovisions of the Statement of Recommended Prauice (SORP}'Accounting and Rcporting by Charities, i55ued in oclo￿ 2019. REFERENCE AND ADMINISTRATIVE DETAIiS Registered Charity nuJDber 1166443 Registered o￿l¢e 40 Carlton Koad LONDON SW147RJ Trustees Mr Andrew Edwards Mr Timothy Gregson Mr Peter Eisenhardt Mr Ben Moorhead Mr Simon Costin Ms Fioja Rushion Ms Sandra Smith retircd 3(hli July 2024 Ms Tuesday Riddell appointed 30th July 2024 Patrons SIT Cht55topher Frdyling Mr Philip TTeacy Dam¢ R05alind Savill Chlef Executive Officer Mrs Penny Bendall Independent Examiner Dunkley's Woodlands Grange Woodlands Lane Bradley Stoke Bristol BS32 4JY Administrators The Twst Partnership 6 Trull Fann Buildings Tctbury Gloucesiershire GL8 8SQ STRUCTURE, COlfRNANCE AND MANAGEMENT Governing document CIC)_ Foundation Rtgistered 8 April 2016 as amellded 17 May 2023 The Crcatiye Dimension TTU51 CIO on of the Tn]5tees The Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustee5 The charity has seven ttuslees ￿.￿0 meet three times every year. The identification of potential neiv trnstees is catried out by the board, the aim being to appoint those with the app￿priate expertise 2nd experiett¢e for the charity's work. On agreeints to become a trustee of the charity. they are thoroughly bricfed by their co-trustcu on the history of the trust, the day-104lay management, the responsibÈlities of the trnsiees. the current objeciitrcs and future plans. The trnstees are a150 encouraged to attend any courses. The trusttts consider that Ihey 2nd the CEO comprise the key management of the charity in tharge ofdirecting and controlling, running and opernting thccharity on aday lo day basis. The trustees re£eiie no remuneration. Organisational structure The trustecs are llltim&tely responsible foi the policies. actlVLfiCS and assets of the charity. Th¢y mttt three times every year to review developmcnts regard to the charity.. its a¢¢ii'ilies and io make any important decisions. Whcn necessary, the trustees scek advice and SUPPDrt from ihe ¢haTiiy's professional advisers_ Charity Governante Code The TNstees considered the Charity Governance Code in detsil and uryll continue to give due regard lo the C(xle's seven principles of organi7ational Purpose, leadership. tniegriry. dccisioll-making, risk and control, b¢)aTd efftttiveness. diversity. and openness and accountability. The Trllsre￿ will continue to review the Code ant)ually. Risk management In line wilh the requir¢m¢nt for trus1¢¢5 to undertake a risk assessmenT exercise and repon on the same in their annllal repoll. the intst¢es hay¢ looked at th¢ risks. Th¢ tru51tt5 have identified five main aTeas where risks may oc¢iir.' - Govemance and managgm¢nt Operaiional Financial Rcpuiational - Laws. tcgularions. external and environmental Governance and Manage￿Ent looks at the risk thc charity might suffer from the la¢k of dIr￿tIOn, the skills and training of the trusieES and Ilie good use of its funds. Operational looks ai the risk ]nhtreDt inthe chat11￿5 activiiies including continuily of staff and lack of a disaster iecovery licy. Financtal ii5ks include th05e arisin8 as a result of pwr budgetary control. inappropriatr sp¢nding, poor accounting and inappropriate invest]nent policies. Reputational looks at Ihe possible datnagc lo the chaTiWs reputatton. Laws, regula¢iong, external and envirOn￿ental IoDk5 at the effecls of govetnmenl policie5 and the consequences of non- coinplian¢c with the laiN's and it￿71￿tIOns. Having assessed the major risks to which tbc charity 15 exposcd, in particiilar to lis f]nance5, the trustecs belicvc that by Inoniioring rescrvc levels. by ensiiTkTrg thai contiolsexist oi.'erthe key financial systerns, a￿d by examining the operational and business risks faced by the charity, they have established effective system5 to mitigate those risk5. OBJECTIVES AND ACTIVITIES Charitable obSeetives The Trust's chantable objectives are.. To advaiice eduGaiion ill atts and ¢raft5 aDd ID Telated conservation skil15 for the public benefit in such way5 a5 the trustees think fit. Significant actii'itres The Creative Ditnension Tnjsl is a charity ihat organises Ctaft Workshops for young people benveen 14 - 19 years who love woikii)g ivith the￿ hands. Tlie fully fundtd workshops are laught by some of the world's leading Lfdft specialists, who want to inspire the next generatLOn. Thec 10 Rc ortof for The Year Ended 31 Mar 2024 In discovering new technique5, workshop students build the confidence needed to pursue a carecr where core hand skills are reouired. The skills are manual dex*rily, drnughtsrnan5hip. and an undetsianding of 3D Struct￿reS. OBJECTIVES AND ACTIVITIES The trusteeg coiifirni thai they have referred to the guidan￿ ￿ntsIned ID the Charity Commission's general guidance ot) public bet)efit when review'ing the Trust's aims and obje¢tives and in planning future a¢tiVStics. Tjie TTUStees are satisfied that all awards made th￿"nts rhe year are for ihe benefit of the public and the bcjitfits of each and every award are clearly identiflable. AcHIEVEmE￿T AND PERFORMANCE Charitable aetivities Highlights includc: 750 applications {+￿0/0) 43 skills laught to 373 5thdertts184 home sch(K)led) New workshop partners: Flor15 London, FoTtnum & Mason, Lock & Co. Hatters. Cockpii Arts Accreditation scores made More robust with Distiiiclions down lo 150/. Successful annual eveni ai Fortnum & M3$0n Donations The trustees would like to thank mosi warnily all those who support us fillancially with donations and grants. FINANCIAL REVIEW Fintnci&l SumTnary Income for thc year Was £188.192 {2023 £193.318)_ Expendiwre was £167,154 (2023 £142.148}. As a result, for the year ¢nd¢d 31 March ?024. there was a net income of £2 1.038 (2023 surplus £51,170). Reserves Polity The trustees intend to build adequate rescrves to cover budgeted costs and mainiain an appropriate budgci foi future years. Tar8¢t unrestri¢ted rcscrn'es are up 10 6 monihs oloperdiing expenditute, estimated iii the regioi) of £83,000. As at 31 March 2024, unrestricted resentes included grants receiv¢d during the year. totalling £283,01912023 £308,481), which are for u5¢ in futur¢ ycars. Going Concern Th¢ Trustees of the Charity have concludcd that th¢r¢ are no matrrial 1￿CertaIntieS related to events or conditions thai may cast significant doubt on the abilily of the Charity io coTriinuc 2s a goin8 concern. Even with ihe ongoing challenges of Covid-19 and the Cost of Living Crisis. Ihe Twslees ate of thc opinion that the Charity will siill have suffi¢i¢nt resources 10 meet its liabiliti¢s as iliey fall due. The Creative Dimension Trust CIO ort of the Trustees for the Year Ended 31 March 2024 FUTURE DEVELOPMENTS The exciting new prns1￿ct forgrowth is in expanding our S¢hi)015 Program. Th¢ program pilotcd ID Camden in and ha5 cnjoyed gr¢at su¢¢ess. Students respond Mrll a5 they go straight from class and leam with peers in a familiar setting. Teachers join, learn as well. and be￿rne pow'erful allie5. The program ierv much cnablcs the studellt we want to reach and help niost. The program will expand from 6 to 20 workshops next year. concentrdtsng on Camden and working with the Council. New workshops foi 2024-25 include.. Tassel making {leather 2nd fabric) Prosthetic makeup application Hand embroidery ¢realive ¢olour aT￿ ¢l]read painting Coiitcmporary design for digiral tyonsfer priniing Craft youi carry case Civil en87neering Signpost tiles Patisserie TCDT was a charity partn¢r #t th¢ high foorfall Decoiauve Arts Fair from 7-12 May 2024 at Evolution London in Baitersea Park. TCDT'S stall featured apron¢d staff and brochures. The Collaboration 2024125 will be them¢d 'Tasseltsstic'. Contribution workshops include gildino baubles, ￿Sed glass, leather and fabiic tassel making, cmbroid¢ry, enamel flowers. and silver baubles. Zone creations will host a workshop to constrnct the frame. TCDT is considerin8 offering Continuing Prof¢ssi(Trnal Developmeni (CPDI workshops for teachers. Th eatiye Dimension Trnsi CIO of tlie Trnsttts for the Year Ended 31 Marth 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The tNstees ar¢ responsible for preparing the trustees. report and a¢cowits in a¢cordance with applicablE law, and United Kingdom Ac¢ounting Standards (Llnited Kingdom Generally A¢¢epted Accounting PraGtice). The law applicable lo charities in England and ￿al¢S requires the trustees to prepare accounts for each fillancial year which give a trlle ￿}d fair Yiew of the state of affairs of the charity and of ihe income and cxpenditure of the charity for that pcriod. In preparinq these account5, the tn]ste¢5 ate required to.. stlcct stsitable ￿oUntIng p)licics and then apply them consistently- obscrve the methods and principles in Accounling and Reporting by Charilies= Staiement of Recommendcd Practicc applicable to charities prep4hring their accounrs in accordance Thith the Financial Reportino Siandard applicable in the UK and Republic of Ireland (FRS 102)- make judgements and estimates ihar are reasonable and pn￿en1- state whether applicable United Kingdom Accounting Standards have becn followed. subject io any material depathire5 disclosed and explained in the aeeount5: and preparc the 2c¢ounts on the going conc¢ni basis unlcss it is inappropriaie to presume that the charity will continue in opetation. The truste¢s ar¢ responsibl¢ for ke¢ping prop¢i a￿ou￿11￿8 IEcords that disclose with reasonable accutacy ai any tim¢ the financial posilioTr ofihecharity and enable ihem Io Ensure (hat the accouiits cornply with 1￿Chan11eS A¢1 201 I, applicable Chariiy (Accounts and Report5) Regulations and ihe proyisions ofthe charity's Trust deed. They arc also r¢sponsible for safeguarding the assets of the cliarity and hencc for tsking tEa50nablc steps foi Ihe preventjon and dctcction of fraud and other irrcgularities. ON BEHALF OF THE BOARD.. Peter Eisenhardi- Twstee Date". 30 July 2024 Inde endent E%9miner's Re ort to ¢he Trustee5 Df The Creative Dimension Trust Independent examiner's report to tb¢ trustees of The Cre*live DimeDsion Trnst I report io Ihe charity trustees on my exaTninatlDn of the accowits of The Crcatiyc Dimension Trusi for th¢ year ended 31 March 2024. Respon5ibillties and basis of report As the charity trustees of the Trnsi you are responsible for the prepardtion of the accounts in a¢cord&nce with thc rcquiretnents of the Chariiies Act 2011 ('the ACV). I report in respect of my examinatton of ihe Tn￿t$ accounts carried out under Section 145 of th¢ Aet and in tarrying out my examination I have followed all applicable Direction5 given by the Chariry Commission urtdcr section 145{5){bl of the Act. Independent examlner's stattmellt I have completcd m>. examination. I confim) that no rnaterial matters have comc to my attention in connection wilh the examination giving me cause io believe thal in any material respect.. accountinu reeords were not kept in respect of the Tnjsi as rcqllired by section 130 of the Act; or tlie 3¢count5 do not atcord thith those ￿OrdS. or the accoullrs do noi comply with the applicable requirements conceTning the forn) and ¢ontent of account5 set out in th¢ Charities {AcctsurLts and Reports) Regulations 2m8 othei than any requirement that thc accDullls gtve a truc and fair Yiew whieh is not a malter considered as part of an indepe[￿ent examination. I have no concerns and have Come across no othcr mati¢rs in conntction ivith the cxaminaiion to which attention should bo drawn in this report in oidu to cnablc a pmper understanding of the accounts to be reached. Matthew Dobbins FCA Diinkley's Woodlands GratLge Woodlands Lane Bradley Stoke Bristol BS32 4JY Datc.. The Crcative Dimension Trust CIO Stateinent of Fitkancial Activities for thc Year Ended 31 March 2024 Year ended 2024 Total Fllllds Year eDded 2023 Total Fllnds 2024 2024 Unrestricted Restricted Note Income Donatitrns Trading Activities Interest 64,063 1,500 4.875 117,754 181017 1500 4J75 189,611 3J35 372 Total inconie 70.438 117.754 188.192 193 J18 Expenditure Raisiiig fvnds Fundraising trading Expenditsr¢ on ¢haTltable aciÉvities 1,120 1,12 150 141,600 94.780 71254 166.034 Total expenditure 95,900 167,154 142,148 Nct l¢xptnditurellincome and n¢t movement tn fuDds for the year (25.462) 46,500 21.038 51.170 R¢¢onciliation of Funds Total filnds brought forward 308,481 43,5 35J.981 300,811 Toia] Funds ca￿1ed forward 283.019 90.01 373.OJ9 351,981 The Crcalive DiTnension Trust CIO Balance Sheet At 31 March 2024 2024 2024 2024 Total Funds 2023 Total Fund5 Un[￿1(]¢1¢d Re5tricttd Note Cllrrent Assets Debto Cash at bank 59.775 237.572 90,0(X) 149,775 237,572 131,010 229,154 297,347 90.OLKI 387J47 360,164 Creditors Amounts falling due iviihin on¢ y¢ar 14.328 14J28 8.l83 Net curren¢ assets 283 019 373019 351 81 Fund$ Utircstricted funds Restricted ￿ndS 283,019 90.000 30&481 43.500 Total Fund5 373,019 351,981 Th¢ finallcial Stat￿n¢￿tS were Hpproved by the Board ofTruslees on ￿￿ty2024 8nd weTC signed on its behalf by- Pcter Eisenhardt-Trnsiee The Creative Dimension Twsi CIO Nores to the Financial Sia¢emen for the Year Ended 31 March 2024 I. ACCOUNTING POLICIES Actountlng conventlon These accounts have been prepared for the year to 31. MaTrb 2024. Thc accollnts have bttD PTcpaTed under ihc hisloriral ￿51 COT)i'entiop wilh ilejns recogni5ed at cost or transactTon value unltS5 othetwise stated in the relevant aceourtiitig w)licies below or ihe notes lo these accounts. The accounts havc been prcpaTcd In accordancE with Accounling and Rwrting by Charitie5.' Statement of RecomTn¢nd¢d Practice applicable LO charities pr¢pariEJg their a¢¢outLts in accordance with the Financial Rcponing Stand8Jd applicablc in the bK and Republi¢ of Ireland IFRS 1021 ICh#FilTts SORP FRS 102) Issued on 16 July 2014. Update Bulletin l issued on 2 February 2016, Update Bulleiin 2 Issued Ociober 2019. the Financial Rq>orting Stsndard applicable in the LK and Republic of Ireland (FRS 1021 and the Charities Aci 2011. The chatity constlDJtes a public benefit entity as defined by FRS 102. The accounts are presEnl¢d in 5*rling al￿ aTe Tounded to the nearest pound. Crltl¢#l geeounting estimates and #reas of judgement Preparation of the financial 5talemen¢s requires ihe intstees kn make signiftt2rtt judgertxertts and estimates. The ttustees do noi consider that there are any sources Df estimation ￿l¢ertainly OT any key judgen)¢nts inade in the preparation of Ehe financial slalements. As5e5srnent of going concern The trustees have assessedwheiherthc use ofthe going toncem assumption is approprial¢ pwaring these financial statements. The tnLStees have nud¢ this assessrnent in respett to a p¢riiKi of one year from the date of appTD3'al of th¢5e financial statenients. Thc tnjstcts of the charity have concluded that ihtrt art no TtL3tenal u[￿e[￿l￿tIeS reLded ro events or conditions that Tnay ¢a5t significani doubt on the ability olthe charity 10 Continue as a going concern. The trustees a￿ of the opittiort that the charity will have suffLcienl resoujres lo meet ils liabiliiies &8 they fall due_ The Tntstees of th¢ Charity have con¢luded that there ar¢ n rnalerial uneertaintlcs Telaicd lo events or conditions thai (35t si￿lfIe￿nI doubt on ihe ability of the Chanly lo ci)nlinuc as a going concern. Given the ongoing challenges of Coi'id-19 and the Cost of Lii'inE Crisis, the Trystees ar¢ of ihe opinion that the Charity will still have sufficieni resources io n￿1 IL8 liabiliii¢s as Ih¢y fo11 du¢. Income All in¢ome is irtcluded on the Srdtement of Financial Aclivities when the chaFity is legally entitled to the income. it is probable thai it will be received, and the aTThOUllt can he qu3nlifieil ￿'1th Teasonable accuracy. Donatiot]s ill kind are kalued at the goiDg market rate for the services aiid facilities reqDiTtd to carry out the charitable activity ai thc potnt it is received. Expenditure Expenditwe is ac¢oiinted for ot) an accrnals basis and been clatsified under hcadinJo that a￿¢* reJo te all c4)st relaied to th¢ ¢ai¢goiy. Where cosis cannot be directly aittibuted to particular head¥ngs they have been allocaied to activities on a ba515 consisterti with the use of resouTtes. AIIDcation &pportion]ntnt of t0515 DIr¢ct costs are all(Kaied 10 the acli&ilv to ￿'bich they relate. A]Jy shared cosis K'ill be apportioned shoiild the trustees deem 1¢ necessary. In-ki]Jd expenditure i5 kalued ￿ the 80iJio market raie for the 5en.ices and faciliti¢s iequire 189.611 Grants teceiyed and due, in¢lud¢d in the above. are as follows-. Unrestrict¢d Funds Re5trickd Funds 31.03.24 31.03.23 ATI Friend5 Canibridg¢shir¢ Garfi¢ld Weston Foundaiion Henne5 IGB) Limited John Lyon's Cliarity Neville Abraham Foundatioin Tallow Chandlers, Coinpany The Ctitpentcrs. Company The Goldsmiths, Company Charity Th¢ Headley TrL15t Tlie Hedley Foundation The LeJth¢rs¢ll¢rs' Foundation The Portal Trust Tlie Radcliffe Ttust The Royal Warrant Holders Association 674 674 100,000 6.754 6,754 90,000 10,000 10.0 9.000 15,000 10,000 15,000 15.0 15,IM)O 16,0(M> 16.0(Nl 5.000 24.000 30,(M)O 30.1)00 6,OIMJ 2,000 55,674 117.754 173,428 181000 The Cre&tiY¢ Divnension Ttust CIO Note5 to the Fir&incial Statements- continucd for the Year Ended )1 March 2024 TRADING ACTIVITIES Unrestrict Funds Restticied 31.03.24 31.03.23 Adults. Workshops {2024) Workshop delii'ery HeTTne5 GB {20241 Project Partnering V&A (20241 3,335 1.2(Kl 300 1.5 1,200 31K) 1.51M) Adults, Workshop5 {2023) 3,335 3,335 RAISING FUNDS un￿striCt Funds Restricted Funds 3103.24 31.03.23 Events Advertising and PR {2024) 1.120 1,120 398 Events, Advertising and PR {20231 398 39S FUND RAISING TRADING Uwesrricied Funds Restricted Funds 31.03.24 J1.03.23 Adults Workshops (20241 150 Adulis Workshops12023) 150 150 CHARITABLE ACTIVITIES Unrestti¢ied Funds Restttcted Funds 31.03.24 31.03.23 Total Charitablc AetlVLties {2024) 94.780 71.254 166.034 141.600 Total Charitsble Aciiviiies {2023) 24.102 117.498 141.600 The notes forni part of these fjnancial statements eatii'e Dimension TnLSt CIO Notes to thc Financial Ststemeiits- continued for the Year Ended 31 March 2024 CHARITABLE ACTivrrIES (Continwed) Ywended 31.03.24 Year e[￿ed 31.03.23 UDTesiricicd Rcsirided Toi81 Total Fujmts Funds FuTuIs u[￿S Asvarene55: Advffiising dnd PR 8.182 8.182 8.184 182 Ptovtslort of Cotsrse5: Materials 11.254 11.2)4 11,852 Course Faciliiies 450 450 I.OL Teachin8 5.275 26.609 31.884 21.025 Adminisiraiio 14.403 6.708 13,939 Financial Managernent 4.322 2.013 6.335 6,799 Management Support 45.8fA 21)60 67.220 63,065 Markciino & IT Development 2.095 .556 3.6SI 2,612 Printing, Postage. Stationery and Markeling M*erials 194 183 377 60 Other Faciliiies 1,297 1,901 1.745 Insuranc 514 Travcl 117 836 953 204 74293 71254 145,547 122,839 MaD8g¢mtnt tosts: Administratio 2J15 2.315 1.549 Fin￿ClaI Managcment 704 704 755 Mgnagement 7,469 7,469 7,007 Marketing & IT Developmetlt 341 341 290 Printing. P(Istage at)d Conimunications 51 51 Facilities 211 211 Insuranc¢ 46 59 Travel 18 36 Indq)cndent Ixaminotion 1.150 1,15D 680 11,305 94.780 71,254 166,034 141,600 Unre%tricted 5UPPOrt costs ar¢ allocated 90/0 lo the provision of wurses and I￿/0 io management cobts. Supp(>rt osts for restTlCted PUTposes are allocated 10(Vh to the relevant caiegvises. The notes foTTn part of ihes¢ financial staiements The eative Dimensi Trusl Notes to the Financial Ststements- continued for the Year Ended 31 March ?024 STAFF COSTS AND EMOLUMENTS 2024 2023 Staff costs and emoluments Kcy MI￿geMent Oih¢r Siaff Salaries and fees 69.302 69.302 3,308 2,079 74,689 65,000 3,122 1,950 Social Security cosrs Pension 3.308 1079 74.689 70,072 2023 Staff costs and emoluments Key maNagert￿nt Oth¢r Staff Salaries and fces 65.INJ) 3,122 1.950 6S.IK)O 3,122 1,950 Social Security costs Pension 70,072 70,072 Thcre was one employee wh(pse emoluments. &% dEfined for taxation purposes, amounted to over £60,000 in the riod. The average llumbei of employees, calculated on a ￿11-11m¢ equival¢nt basis, analysed by function wa5.. Management and AdministrdtlV¢ staff - 112023 1) The trnstccs considcr that thcy Lnd the CEO compti5C the key Tnanagernenl of th¢ ¢harity in cliarge of directin8 and controlling, rnnning and OPEtaiÈng the chatity on a day to day basi5. TRUSTF.F.SI RF.MUNF.RATION AND BENEFITS Th¢re wcre no truslccs, rcmuncration or other benefLlS foi the Year Euded 31 March 202412023 £Nill. TrMste¢s' Expenses Trusrees, cxpenscs amouniing to £Nil were paid during the Y￿[ Ended 31 Mar¢h 2024 (2023 £Nil). DEBTORS Unrestri¢ied Funds Reslricred Fiinds 310324 310323 Pr¢paymcnts12024) Accounts Receivable (20241 Other debtors12024) Total debiors12024) 362 6,424 53.351 59.775 6,424 143.351 149.775 130.648 131.010 90,0(y) Prepayments12023) Accounrs Receivable12023} Oiher debiors120231 Toial debiors {2023) 362 362 87.148 87,510 43.500 43.500 130,648 131,010 The Creaiive Dimension Trust CIO Note5 to ihe Financial Statements- continued for the Ytar Etided 31 March 2024 CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR Unreslricied Restricted Funds Funds 31.03.24 31.03.23 Accruals {2024) Accounts Payable {2024) Other creditors (20241 Total cieditors (2024) 12296 .624 408 14.328 12,296 1.624 408 14.328 4.297 3.886 Accruals (20231 Accounts Payable12023) Other ¢reditor$12023) Tot21 crcdittrrs (20231 4,297 4.297 3,886 8.183 3.886 8.183 FUNDS Net moi'ement in fund5 At 01.4.23 At 31.03.24 u￿r￿triCted funds General fund 308.481 (25,4621 283,019 Re$trlcted funds Coursc costs and materia15 43.5 46.5(K) 90,000 TOTAL FUNDS 351.981 21.038 373.019 Nei moven)ent in fillmls, included in the above is as follows: Nci illoveineni lucome Expcnditure in fund5 Unrestricted funds 70,438 (95.900) (25,462) Restricted funds 117.754 (71.2541 46,500 TOTAL FUNDS 188,192 167,154) 21,038 Analysis of nei assets between fund5.' UDre5tricted funds Resiricted nds Total fuiids Net current assets 2024 283.019 90,0 373,019 Net ciitrEllt assets 2023 308.481 43.500 J51.981 The notes form patt of these financial statements The Cteative DimeTr5ion Trust CIO Note5 to ihe Financial Statements- continucd for the Year Ended 31 Match ?024 io. RESTIUCTED FUNDS Funder Amount £ Summary of Restrietion John Lyon's Charity 60.(M)O Benefii young people from their boroughs The Lcatherscllers. Foundation 12.(M)O Leather WoTkshops foryouT]g people Th¢ Clothworkcrs. Company 10. Funding of skills workshops The Goldsmiths. Company Chariry SumrnerlSpriDg $ch(x)15 at Goldsmiths, Centr¢ Total Restricted Funds RELATED PARTY TRANSACTIOTrIS There were no rtlated party transaciions during the peri[￿ ending 31.03.24 {2023 None). Tk. The Creative Diinension Trust CIO Notes to the Financial Statements- continued for the Year Ended 31 March 2024 C.ONIPARATIVE STATEMEKT OF FINANCIAL ACTIVITIES FOR THE YEAR F.NDED 31 MARCH 2023 Year ended 2023 Total Funds 2023 2023 Unr&%tticted Restricted Note Inetsme Donations Trading Aciivities Interest 153.611 3.335 372 36,(X)O 189.611 3.335 372 Total inconie 157318 36.￿0 193J18 Expenditure Raising fvnds Fundraising tradtng ExpeT)diturc on charitable aclivities 398 150 398 150 141.61NI 117.498 Toral expenditUTE 24.650 117.498 142,148 Nct inconiel{expendiluiel and net movcmcnt ii) fuThds for the year 132.lJ68 {81.4981 51.170 Reeonciliation of Funds Total funds broughi forW￿d 175.813 124,998 300.811 Total Fiinds camed fO￿ard 308,481 43.500 351.981 The Creative Dimension T Detahled Siatement of Fi for the Year Ended 31 Ma cial Aciiviiies 2024 Income 2024 2023 Grants Dothaiions Trading Activities Interest Total iDcom¢ 173,428 8.389 1,5(K) 181,0(10 8,611 3.335 372 193 318 Expendilure Raising funds- Events, Advertising and PR FLLndraising Trdding 1,120 398 150 1,120 Charitable Activities Raising awartnes5: &182 8,184 Provision of ¢ourses'. Materials Facilities Tcaching AdmiTllStraiion 11.254 2.351 31.884 1,852 2.749 21.025 13,939 6.799 63,065 2,612 60 Financial Managunent Management Supwrt Marketing & IT Dev¢lopment PrinLiiig, Postage, Stsrionory and Mat*cting Materials Insurance 6,335 67,220 3,651 377 411 534 Travel 953 204 145547 122,839 Man£2getnent costs- Administratiotl Financial Mana8ernenl Managcinent Support Markeiing & IT Ikvelopm¢nt Printing. Postage and Commimiutions 2,315 704 7.469 341 1,549 755 7,007 290 211 194 Ingurattce Travel Independcnt Examination 46 59 18 36 680 1.150 12J05 10,577 Total charitable activities 167 154 142 148 Total expenditUT¢ 167,154 142,148 Net income and net movemeni in fimds foi IhE yrar 21.038 51.171J